Fintech PR
Canada’s First 5G Wireless Network for Open Innovation is Open For Business
Canada’s first pre-commercial 5G wireless testbed is up and running, creating the backbone of Canada’s digital economy and drawing interest from small- and medium-sized companies (SME) to develop and test new products and services. Yesterday Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, and Pierre Fitzgibbon, Quebec’s Minister of Economy and Innovation, received a progress update on the Evolution of Networked Services through a Corridor in Quebec and Ontario for Research and Innovation known as ENCQOR 5G.
ENCQOR 5G includes the first pre-commercial fifth-generation wireless network for open innovation in Canada housed at five hub locations in Ontario (Ottawa, Toronto, Kitchener-Waterloo) and Quebec (Montreal and Quebec City). The update hails the start of business collaboration in key areas such as transportation including connected and autonomous vehicles, remote healthcare, virtual/augmented reality, smart cities, fintech, industry 4.0, energy, cybersecurity and the Internet of Things (IoT).
“Technology is changing the way we live, work and do business — building our digital infrastructure is key to supporting an innovation economy and the next generation of jobs for Ontarians,” said Minister Fedeli. “Through this partnership, we are leveraging Ontario’s strengths in information and communications technologies and paving the way for future innovation and growth across sectors. 5G access shows Ontario is open for business.”
“Thanks to ENCQOR, to date, nearly 150 Quebec companies and organizations are carrying out or planning tests at the Montréal and Québec innovation sites to prepare for receiving 5G technology and to measure its benefits for their products and services,” said Germain Lamonde, Chairman of the Board of Innovation ENCQOR. “These facilities offer high connectivity, high capacity, low latency and all the promises of the 5G revolution. Many entrepreneurs, employees and managers of SMEs are now aware of these new capacities and can lean on them to innovate and become leaders of this revolution. And we are very proud of it.”
ENCQOR 5G brings together SMEs, industry, government, researchers and academia in both Quebec and Ontario to collaborate on the commercialization of disruptive products, processes, and services, providing a first-to-market advantage and to improve the ability of SMEs to scale.
“I am excited at the progress we are seeing through this innovative collaboration positioning Canada as a leader in development of 5G technologies.” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. “From enabling doctors to perform surgeries-at-a-distance and unclogging our congested streets through AI-enhanced city planning, 5G technology will change the way we live, work and engage with one another. To prepare for the future, we must be bold, visionary and decisive.”
Applications are now being accepted in both provinces for entrepreneurs to submit their project proposals to help accelerate the development and adoption of digital technologies.
ENCQOR 5G includes five digital technology leaders (Ericsson, Ciena Canada Inc., Thales Canada Inc., IBM Canada, and CGI) as well as provincial coordinators INNOVATION ENCQOR, Prompt and CEFRIO in Quebec and Ontario Centres of Excellence (OCE) in Ontario. The five-year ENCQOR 5G project is made possible in part by funding from the Canadian government and the provincial governments of Quebec and Ontario and is expected to create 4,000 jobs including 1,800 specialized 5G jobs.
QUOTES
Ericsson Canada
“Ericsson is a global leader with 22 publicly announced 5G contracts around the world. 5G mobile networks will provide new critical capabilities such as ultra-high capacity, super-high reliability and low latency, which will allow businesses to develop creative new solutions to unlock use cases that are simply not possible with 4G networks today,” said Graham Osborne, Head of Ericsson Canada. “Ericsson has provided the 5G mobile infrastructure in both Ontario and Quebec for the ENCQOR network. The ENCQOR program will enable early access by enterprises to a pre-commercial 5G infrastructure to develop and demonstrate a new wave of solutions for the economy of the future. Ericsson believes this initiative will enable Ontario and Quebec to develop a leadership position in the 5G market that will drive jobs and economic growth.”
Ciena
“ENCQOR paves the way for organizations to get a realistic view of how 5G will improve the way we communicate and interact,” said Scott McFeely, Senior Vice President, Ciena. “ENCQOR’s 5G wireless testbed platform, equipped with Ciena’s packet-optical technology, gives open access to small- and medium-sized enterprises to develop and test new 5G applications and use cases, which will push us even closer to experiencing the next generation of mobile digital communication.”
Thales Canada Inc.
“ENCQOR reflects Thales’ commitment to ensuring Canada is a leader in the global 5G digital transformation,” said Mark Halinaty, President & CEO, Thales Canada Inc. “Thales builds and develops its digital expertise around four major digital technologies which play a key role in critical decision-making chains: connectivity and mobility, big data, artificial intelligence and cybersecurity. We are proud that our expertise and technology powers key Canadian R&D activities and supports the engagement of SMEs across Ontario and Quebec, enabling rapid access to global business opportunities. Today’s announcement further demonstrates the importance of ENCQOR to the development and commercialization of Canadian 5G technologies which will support all aspects of our society, from safer commutes and smarter cities, to access to new economies.”
IBM Canada
“Our development initiatives in silicon photonics interconnections have been an integral part of IBM’s innovation efforts to respond to our clients’ growing needs in AI and high performance computing, including quantum and big data management,” said Louis Labelle, the Director in Chief of the IBM Canada Bromont plant. “The support we have received thus far through the ENCQOR consortium has been essential in accelerating our efforts to transform industries through the assembly and testing of key components in high bandwidth networks. We look forward to continued success and collaboration with our partners.”
CGI Canada
“ENCQOR hubs in Quebec and Ontario will fuel innovation and collaboration between CGI, academia and small/medium business,” explained Mark Boyajian, President of CGI’s Canada operations. “CGI’s expertise in Smart Grid solutions will support ENCQOR participants as we build a new generation of services and solutions for utilities, municipalities and other industries that exploit the clear benefits of 5G.”
Ontario Centres of Excellence
“Access to cutting edge technology like the ENCQOR pre-commercial 5G wireless testbed is key to the success of SMEs as they test and develop new products in Ontario,” said Claudia Krywiak, Interim President and CEO, OCE. “The ENCQOR 5G platform gives companies in many sectors of the economy a first-to-market advantage that can translate into jobs, national and global growth and an increased ability to scale.”
BluWave-ai (ENCQOR Program Participant)
“5G technologies are key for many of the emerging applications in the digital economy where machines are connected through these high-speed connections. At BluWave-ai, we are leveraging IoT sensors from renewable energy-oriented equipment like solar panels and batteries in electricity utility networks to aggressively displace fossil fuels with real time controls. To do this we need to have distributed AI prediction, optimization and subsequent management of utility networks leveraging high speed communications between the cloud and those IoT sensors,” said Devashish Paul, CEO, BluWave-ai. “Programs such as ENCQOR provide us with real world venues to test these technologies before deploying in complex utility networks and we’re proud to be a partner with OCE on this”.
Mnubo (ENCQOR Program Participant)
“The ENQCOR project is an exceptional opportunity for our SMEs. The Montréal and Québec Innovation Sites provide companies with resources and infrastructure to enable them to experiment with 5G products and services. And soon, practical workshops will aim to help those who do not yet have projects in development or who want to better understand 5G,” said Frédéric Bastien, President and CEO, Mnubo. “ENQCOR will offer them access to software and prototype equipment in order to carry out integration activities that will ultimately improve the competitiveness of Quebec businesses here and abroad.”
SOURCE Ontario Centres of Excellence Inc.
Fintech PR
Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million
- Revenue grew by 23.8% compared to previous year
- Gross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23
- Adjusted EBITDA rose 29.5% to SAR 210.2 million
JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.
Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.
The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.
Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.
SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.
Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:
“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.
Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.
We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.
Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”
View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html
Fintech PR
Bybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards
DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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Photo – https://mma.prnewswire.com/media/2559070/Image.jpg
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-crypto-titans-november-arena-boasts-55-000-usdt-in-rewards-302307028.html
Fintech PR
Healthcare leaders gather at House of Commons to discuss productivity-boosting tech with MyStaff app
LONDON, Nov. 15, 2024 /PRNewswire/ — Healthcare leaders from 16 NHS trusts gathered at the House of Commons this week to see how Mid and South Essex NHS Foundation Trust is using a groundbreaking new app that transforms staff access to information vital to their patients’ care.
The MyStaff app uses AI and automation to simplify the management of critical policies and procedures, reducing the time staff spend searching for information from almost 10 minutes to under 30 seconds. Over 12,000 of the Trust’s staff have signed up, and around 1,000 are using the app daily.
With £2bn pledged to help digitise the NHS and bring down waiting lists, such time-saving tech is high on healthcare’s agenda. Trust Chief Executive Matthew Hopkins introduced the session, which was hosted by David Burton-Sampson, MP for Southend West and Leigh, and saw technology strategists and users share their experiences of digitising vital healthcare operations.
Matthew said: “Our Trust is working to make the best use of digital technologies wherever this can help staff to provide the best possible care to our patients. MyStaff app is a versatile and easy-to-use tool that improves our governance processes and makes it easy for staff to access the vital clinical information they need when treating patients.”
The Trust developed MyStaff app with digital innovators Diligram, who have created a digital governance solution that helps ensure staff use the latest policies and guidance when delivering patient care. Document compliance rates have grown from 60% to 98%, whilst projections indicate the app could release 55,000 hours’ worth of staff capacity over 3 years, worth almost £4m in staff costs and giving staff more time on patient-facing care.
Diligram CEO Leslie Golding said: “We have worked closely with the Trust on developing groundbreaking technology that supports our healthcare heroes by simplifying access to essential information. We’re proud to be part of this brilliant example of positive digital change.”
Editor’s notes
- Contact: Rob Benson, 07815098560, [email protected]
- Further images, interviews, site visits available
About MyStaff app
The MyStaff app from digital transformation company Diligram is time-saving tech that offers a mobile-first digital corporate governance solution for healthcare providers.
Web: mystaffapp.io
About Mid and South Essex NHS Foundation Trust
MSE is one of the largest Trusts in the country, serving around 1.2million people. Our values are about delivering excellent, compassionate and respectful care.
Web: mse.nhs.uk
Photo – https://mma.prnewswire.com/media/2558941/MSE_CEO_Matthew_Hopkins_MyStaff_app.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/healthcare-leaders-gather-at-house-of-commons-to-discuss-productivity-boosting-tech-with-mystaff-app-302307051.html
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