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T-Worx, Army develop weaponry to equip soldiers with artificial intelligence, real-time integrated data
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T-Worx Holdings, LLC, a product innovation company, announced it will support the contractors chosen and announced by the Army today to develop weapons for the Next Generation Squad Weapons (NGSW) program.
T-Worx is currently the only approved vendor for the U.S. Army’s Picatinny Smart Rail, synonymous with the T-Worx Intelligent Rail® platform (I-Rail®). The platform is included as a threshold requirement for the Army’s NGSW Rifle and Automatic Rifle. As part of the Army’s down-select process announced today, T-Worx supported the Original Equipment Manufacturers that submitted proposals for the NGSW earlier this year. The manufacturers selected by the Army (General Dynamics-OTS Inc., AAI Corporation Textron Systems, and Sig Sauer Inc.) will produce these intelligent weapons for final evaluation and selection of one company to field the NGSW weapons in 2022.
A culmination of a 10-year relationship with the Army, the T-Worx I-Rail brings networked lethality with integrated power and data to the soldier weapon. The U.S. Department of Defense will begin funding the NGSW program with the FY20 budget in a 10-year procurement program expected to produce at least 250,000 soldier weapons that are intended to replace the existing M4 carbine and the M249 squad automatic weapon. The initial five year R&D budget supporting the NGSW and the NGSW-Fire Control exceeds $370MM, with an estimated $1.5B expected to field the 250,000 NGSW systems.
As a required enabling technology, T-Worx achieved a huge milestone for the Army’s modernization priorities while also reaching rare Phase III SBIR funding for its I-Rail that can increase soldier lethality, survivability, and operational effectiveness. A SBIR success story, T-Worx combined private investment with SBIR funding to further its intellectual property and enhance its data capabilities.
“The Army is facing a culture shift for quickly equipping our service members with modernized weaponry. The I-Rail helps the Army achieve a networked battlefield. T-Worx is engineering the most innovative products to meet the demands of an evolving battlespace. We are thrilled with the creation and progress of Army Futures Command working together with industry and the military to modernize our force more efficiently – a key factor in maintaining overmatch against potential adversaries,” said Don McLaughlin, President, T-Worx Holdings, LLC.
The Rail Operating SystemTM
A solution for soldiers to lighten their load by carrying less batteries and connecting all devices mounted on their weapons, the T-Worx’s smart weapon technology is a critical component for future warfare. Its Rail Operating System (ROS
), a software product combined with the I-Rail platform, fits with weapons produced by multiple manufacturers and enables soldiers to connect their weapons with the battlefield network and command centers.
The core ROS platform is what companies are using to develop apps and accessories that connect various sensors and enablers to the I-Rail. The possibilities of data and power are significantly enhanced by the ROS that collects and streams data for commanders to process and use to make intelligent decisions and to execute simultaneous and sequential operations.
Artificial Intelligence and Why Smart Weapons Matter
T-Worx Advisor, Retired Gen. John Campbell, former Army Vice Chief of Staff, says, “The capability that this technology brings to the soldier on the ground is absolutely game changing. The Intelligent Rail will help overcome the erosion in close combat overmatch and capitalize on advancing technologies to increase performance at range. Integrating both squad fire control systems and this rail design will enable better situational awareness and increased lethality. We owe the very best equipment available to our men and women.”
Dismounted soldier equipment such as the I-Rail gives soldiers and warfighters the advantage of fighting intelligently. “Regardless of weapon platform, the I-Rail is the staple that will give commanders real-time information to exploit and penetrate enemy weaknesses. Throughout the I-Rail development process we knew the military needed a technology that addressed threats, not only capabilities. This forward thinking technology supports the U.S. Army Multi-Domain Operations, 2028,” notes McLaughlin.
T-Worx’s technology solution enables small arms to reach new thresholds by packaging multiple pieces of equipment into one integrated network that gives soldiers and commanders a more comprehensive picture of the battlefield. Beyond weapons, the integrated and real-time data leads to modernized, mission-ready soldiers and helps ensure that the U.S. remains the leading global force.
SOURCE T-Worx Holdings, LLC
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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