ON earnings call for the period ending April 3, 2020.
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QUEBEC CITY, Jan. 27, 2021 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, announces notable and significant growth in 2020. Despite the pandemic, LeddarTech, a pioneer in automotive sensing technology, boosted growth in investment, units sold, ecosystem partnerships, strategic customer engagements, and acquisitions in 2020. In November of 2020, LeddarTech was recognized by Tracxn in a category of only six Canadian corporations as a Unicorn, defined by Tracxn as one with a valuation exceeding the billion, and even the multi-billion-dollar mark in some cases, representing the elite of the Canada Tech start-up sector. Major 2020 Achievements: Reached over $350 million of investments from industry leaders.Contracted six Tier-1 and OEM customers to develop LiDAR measurement software, sensor fusion, and perception technology to enable ADAS and autonomous driving applications with a lifetime value over US$1.5 billion, supporting a growing opportunity funnel well over US$4.0 billion.Signed strategic partnership agreements with three global automotive Tier-1/2 customers for LiDAR platform development.Delivered over 9,000 low-cost solid-state LiDAR sensors to customers, a double-digit increase over 2019.Announced volume production of the award-winning Leddar™ Pixell with manufacturing partner Faurecia-Clarion Malaysia.Announced the addition of four major global technology companies as collaborative partners for joint delivery of LiDAR solutions to the market within the Leddar™ Ecosystem, including STMicroelectronics, Flex, dSPACE, and Ningbo Sunny Optical. LeddarTech expects to report further additions to the Leddar Ecosystem H1 of 2021.Expanded collaboration with Renesas to accelerate autonomous driving and ADAS development. This platform combines LeddarTech’s industry-leading raw data sensor fusion stack and LiDAR technology with Renesas’ newly launched R-Car V3U, a best-in-class ASIL D system-on-chip (SoC) for ADAS and AD systems.Accelerated automotive sensing solutions through two acquisitions: Phantom Intelligence: This acquisition advanced LeddarTech’s strategy to aggregate and consolidate automotive sensing technologies, enabling the company to offer comprehensive solutions to our customers at lower cost.VayaVision: This acquisition added a vital building block by combining sensor fusion and perception technology with LeddarTech’s proven LeddarEngine™ platform. The LeddarEngine platform built on an open software architecture combined with LeddarVision™ enables LeddarTech to address customers’ need for sensing solutions that are hardware agnostic, scalable, and adaptable to any vehicle and sensor configuration. The acquisitions of VayaVision and Phantom Intelligence, combined with over a decade of expertise in groundbreaking L1-5 ADAS and AD sensing technologies, demonstrate LeddarTech’s commitment to continuous innovation and service to our Tier 1-2, OEM, and autonomous mobility customers. LeddarTech also expanded operations in Israel and augmented the existing engineering team with world-class AI and machine learning engineers. “2020 was the most challenging year in recent history, but meeting challenges is in LeddarTech’s DNA,” stated Mr. Charles Boulanger, CEO of LeddarTech. “We are very proud of the advances we have made as an organization and the faith that our customers and strategic partners have placed in us,” concluded Mr. Boulanger. “Our partners and customers recognize that they can rely upon LeddarTech’s ingrained expertise in sensing solutions that have been achieved through over 10 years of pioneering experience,” said Mr. Frantz Saintellemy, President and COO. About LeddarTech LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttle, truck, bus, delivery vehicle, smart city/factory, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities. Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube. Contact:Daniel Aitken, Vice-President, Global Marketing, Communications, and Product Management, LeddarTech Inc.Tel.: + 1-418-653-9000 ext. 232daniel.aitken@leddartech.com Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
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Walmart Inc will add small robot-staffed warehouses to dozens of its stores to help fill orders for pickup and delivery, the company said on Wednesday, as Americans shift their spending online amid the COVID-19 pandemic. The robots will work behind the scenes, picking frozen and refrigerated foods as well as smaller general merchandise items from inside the warehouses, or local fulfillment centers, that will carry "thousands of frequently purchased items." The world's largest retailer, which operates nearly 5,000 stores nationwide, did not say how many stores will have the new centers but said it was "planning dozens of locations, with many more to come."
Here's why investors may want to pay particularly close attention to management's projection for vehicle deliveries this year.
Woman earns $25K from jumping video on TikTok. Credit: JamPress/Australscope
Moises Henriques has enjoyed an immediate impact on his return from Test squad duties as the ladder-leading Sydney Sixers eye another BBL title.
Woman earns $25K from jumping video on TikTok. Credit: JamPress/Australscope
"This whole process can take just a few minutes from the time the order is placed to the time it’s ready for a customer or delivery driver to collect," says Walmart U.S. SVP Tom Ward.
(Bloomberg) -- The Western world’s largest oil explorers are sailing into earnings season on the tailwind of strong commodity prices after a 2020 they would rather forget.With crude prices and refining margins buoyed by the rollout of Covid-19 vaccines and the prospect of an economic rebound, investors will be watching for signs in Big Oil’s fourth-quarter earnings that higher crude prices will translate into much-needed increased cash flows this year.Some optimism is already priced in. Exxon Mobil Corp. and BP Plc, both of which last year weathered their worst stock-price slumps in decades, are up more than 10% in 2021. Still, the supermajors are largely out of favor: The combined market value of Exxon, Chevron Corp., Royal Dutch Shell Plc, Total SE and BP is now less than that of Tesla Inc.The challenge for executives during conference calls with analysts and investors will be to strike the right balance between paying back debt, funding shareholder payouts and financing growth plans and energy-transition strategies.Here are five things to watch for when they post fourth-quarter earnings, which are scheduled as follows:1. Cash GenerationWhile higher commodity prices clearly benefit oil companies, the supermajors can be something of a black box in translating those gains into cash flows. Trading, production outages, cargo timing, refinery maintenance and fuel stockpiles can have an big impact on results. Investors will be watching for signs that strengthening prices are bolstering cash reserves.The big oil drillers should be “outsized beneficiaries of the continued reopening trade,” Morgan Stanley analysts led by Devin McDermott wrote in a note to clients. But investors still need to see “visible cash flow” before turning bullish in the medium term.The Morgan Stanley analysts believe cash flow is the single top indicator of stock performance for the supermajors as investors have largely given up on rewarding companies for boosting output, expanding underground reserves or timely project construction. The metric has become increasingly important as companies took on more debt.2. Capital AllocationAll the supermajors aggressively cut spending in 2020 and investors will be wary of any moves to flex this year’s outlays higher in response to increasing prices, particularly in U.S. shale fields.“After years of underperformance, for upstream oil & gas, 2021 can best be described as the proof of concept year,” Barclays Plc analysts led by Jeanine Wai wrote in a note. “The oil macro is arguably serving up free cash flow on a silver platter if management teams can just stay disciplined.”Chevron Chief Executive Officer Mike Wirth will likely face questions around his appetite for further takeovers, given the company’s relatively strong balance sheet and recent $5 billion purchase of Noble Energy Inc. Meanwhile, Exxon executives will once again be asked about their ability to maintain the third-largest dividend in the S&P 500 Index.For a look at Bloomberg Intelligence’s ESG data, click hereFor BP and Shell, it will all be about shareholder returns. Both companies slashed dividends last year, drawing the ire of investors counting on generous payouts. Shell sought to woo some of them back during the third quarter with a modest dividend increase and the promise of further hikes as well as share buybacks as debt is reduced.BP also has promised to return surplus cash to shareholders, but with more debt and bigger commitments to low-carbon spending, that is further down on their priority list.The European majors have all promised - to differing levels - to ramp up investments into cleaner energy over the next decades. But oil and natural gas are still their bread and butter, meaning that they will have to juggle money flowing into fossil fuels while also diverting capital into less-profitable renewables and shareholder payouts.3. WritedownsExxon’s fourth-quarter results will be marred by its biggest-ever writedown, which the company has warned may be as large as $20 billion. For its part, Shell warned in December of another multibillion-dollar impairment that will bring the tally for the year to more than $22 billion.Shell expects more charges to come this year related to its global restructuring. The firm will cut as many as 9,000 jobs over two years, and has already announced 1,600 workforce reductions in its home countries of the Netherlands and U.K. Chief Financial Officer Jessica Uhl said in October that severance costs tied to the revamp would likely amount to $1.5 billion to $2 billion.4. Demand OutlookWith their giant networks of refineries, terminals and filling stations, the oil majors have a unique insight into global demand patterns, the key signal for oil markets as the world copes with Covid-19. Executives’ comments on anticipated customer behavior will be closely scrutinized with a view to whether the recent price rally will be fleeting or the beginning of another commodity supercycle.Of particular interest will be the outlook for liquefied natural gas in Asia, which saw a stunning price spike in recent weeks due to weather-driven demand for heating fuel. Though many long-term LNG contracts are benchmarked to the price of oil, the spot market is still an important indicator of demand.5. RestructuringThe crisis of 2020 was so severe that the majors’ quickly resorted to huge layoffs to reduce costs, and now investors will want to see what kind of savings have been reaped. Exxon has already indicated it will beat its target of reducing operating expenses by 15%, and 14,000 job cuts also ought to lead to longer-term gains.In Europe, Shell isn’t the only firm to slim down operations. BP said in June that it would reduce its 70,000-strong workforce by 10,000 to help ease $8 billion in annual “people costs.” BP CEO Bernard Looney has stressed that for the company to transition into cleaner energy it needs to be more nimble, and that has meant dismantling the traditional upstream and downstream divisions, and stripping away entire layers of management.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Don Alexander announces publication of ‘That Rock Don’t Roll’ SANTA ANA, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Following a cheerleader’s murder, investigative sports reporter Blake Brennon is called to assist on the case, but things get personal with a beautiful deputy sheriff as events take a dangerous turn in “That Rock Don’t Roll” (published by Archway Publishing) by Don Alexander. When he’s asked to help, Blake is happy to as he has always felt protective of cheerleaders and he figures he can get the inside scoop about what happened. As he works alongside Petula, the beautiful deputy sheriff, he begins to wonder if she is interested in him or if she is using him. Rife with danger and death, the case’s conclusion can’t come too soon for Blake. Alexander wants his readers to consider that “there is a lot more to your sports teams than what you see and hear. A lot more.” “That Rock Don’t Roll” is available for purchase online at the Archway link above, at Barnes & Noble and on Amazon at: https://www.amazon.com/That-Rock-Dont-Roll-Alexander/dp/1480894931. “That Rock Don’t Roll” By Don Alexander Hardcover | 5.5 x 8.5 in | 306 pages | ISBN 9781480894938 Softcover | 5.5 x 8.5 in | 306 pages | ISBN 9781480894945 E-Book | 306 pages | ISBN 9781480894921 Available at Amazon and Barnes & Noble About the Author Don Alexander was a sportswriter for 27 years and had his own TV show for eight. He interviewed professional, college, and high school athletes, as well as support personnel, both male and female. He also taught communications at Golden West College for nine years, all while living in Orange County, California. Simon & Schuster, a company with nearly ninety years of publishing experience, has teamed up with Author Solutions, LLC, the worldwide leader in self-publishing, to create Archway Publishing. With unique resources to support books of all kind, Archway Publishing offers a specialized approach to help every author reach his or her desired audience. For more information, visit www.archwaypublishing.com or call 844-669-3957. Attachment 51S+0Gvt8aL._SX302_BO1,204,203,200_ CONTACT: Marketing Services Archway Publishing 844-669-3957 pressreleases@archwaypublishing.com
New collection of classic and modern poetry captures the human experience and endeavor SCHÖNINGEN, Germany, Jan. 27, 2021 (GLOBE NEWSWIRE) -- With his 2015 debut publication, “Conversations with My Muse,” Gary Bateman showcased his passion for literature through a collection of multi-thematic poetry that reflects mankind’s very soul. This year, as he releases his second book, Bateman invites readers to witness the power of poetry as it translates words into human experience. “Reflections in the Mirror” (published by AuthorHouse UK) is a literary collection of selected poetry spanning the years 2014 to 2019. In this volume, the author presents a very interesting and an eclectic selection of poetry that will bring readers into an intellectual world of interpretative poetry and contemplative thought and reasoning. Each poetic verse carries rich and timeless themes that take on controversial and difficult subjects. A book of both classical and modern poetry forms, “Reflections in the Mirror” is designed to highlight the importance and relevance of poetry in today’s world. It seeks to capture the imagination, emotions and passions of the reader as he or she enters into a reflective state of thought. “Readers who are attracted to and interested in poetry should find this particular book of poetry to be a fascinating read,” Bateman asserts. Visit https://www.authorhouse.com/en-gb/bookstore/bookdetails/763973-reflections-in-the-mirror to purchase a copy. “Reflections in the Mirror” By Gary Bateman Hardcover | 6 x 9in | 618 pages | ISBN 9781665582223 Softcover | 6 x 9in | 618 pages | ISBN 9781665582216 E-Book | 618 pages | ISBN 9781665582209 Available at Amazon and Barnes & Noble About the Author Gary Bateman is a published poet, author, linguist and professional writer. He hails from Wichita, Kansas, in the United States and has already completed two major careers with the U.S. government, as a former U.S. Army intelligence officer, and later as a U.S. Department of Defense Civilian in Germany where he specialized in the field of International Security Cooperation. Bateman holds multiple academic degrees with advanced graduate studies, and originally studied history, political science, and literature as primary fields of interest during his undergraduate college years. As a trained linguist, he has a multilingual proficiency in five languages, including his facility as a native English speaker. Bateman has lived in Europe for many years and presently resides with his family in Germany. AuthorHouse, an Author Solutions, Inc. self-publishing imprint, is a leading provider of book publishing, marketing, and bookselling services for authors around the globe and offers the industry’s only suite of Hollywood book-to-film services. Committed to providing the highest level of customer service, AuthorHouse assigns each author personal publishing and marketing consultants who provide guidance throughout the process. Headquartered in Bloomington, Indiana, AuthorHouse celebrates over 23 years of service to authors. For more information or to publish a book visit authorhouse.co.uk or call 0-800-014-8641. Attachment Cover_l CONTACT: Marketing Services AuthorHouseUK 0-800-014-8641 pressreleases@authorhouse.com
Ashraf Elghandour announces publication of his first book LAFAYETTE, N.J., Jan. 27, 2021 (GLOBE NEWSWIRE) -- “Tip of the Needle” (published by Archway Publishing) by Ashraf Elghandour is a religious novel that tells a modern-day Adam and Eve tale spurred by the apple called technology where the balance that sustained humanity for so long is finally tipped. Nader and Addis are rising stars in their respective fields in the United States. Their paths cross again when they’re brought together by the love and ambition of Sacha Zimmerman, the whip-smart daughter of a wealthy tech mogul Zack Zimmerman. As each grapples with their feelings for Sacha, they’re drawn into opposing sides of Zimmerman’s plans to change the world. The book’s central theme is the confluence of religion, politics, and unbridled ambition aided by technological changes, thus tipping the balance between good and evil. “Guard your freedom and free will because it’s what separate us from being a tool to be used by others to further their misguided ambitions.” “Tip of the Needle” is available for purchase online at the Archway link above, at Barnes & Noble and on Amazon at: https://www.amazon.com/Tip-Needle-Ashraf-Elghandour/dp/1480898295. “Tip of the Needle” By Ashraf Elghandour Hardcover | 6 x 9 in | 284 pages | ISBN 9781480898295 Softcover | 6 x 9 in | 284 pages | ISBN 9781480898318 E-Book | 284 pages | ISBN 9781480898301 Available at Amazon and Barnes & Noble About the Author Ashraf Elghandour was born in Cairo, Egypt, and immigrated to the United States at 14 with his family. He earned a Master of Business Administration and spent most of his career in the financial industry. Although he loved finance and being an entrepreneur, he has diverse interests in creative endeavors. Elghandour enjoys working with his hands and inventing unique equipment, especially in the health and fitness industry. He lives in Northern New Jersey and has two adult children “Tip of the Needle” is Elghandour’s first book. Simon & Schuster, a company with nearly ninety years of publishing experience, has teamed up with Author Solutions, LLC, the worldwide leader in self-publishing, to create Archway Publishing. With unique resources to support books of all kind, Archway Publishing offers a specialized approach to help every author reach his or her desired audience. For more information, visit www.archwaypublishing.com or call 844-669-3957. Attachment Cover_l CONTACT: Marketing Services Archway Publishing 844-669-3957 pressreleases@archwaypublishing.com
Colin Ruthven discusses his experience in ‘Enders’ MEMPHIS, Tenn., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Author Colin Ruthven, who served as a fighter pilot in Vietnam, recalls growing up in Canada, moving to America, and a life filled with adventure in his new memoir “Enders: Growing up in the West End of Vancouver in the 1940s.” (published by Archway Publishing). Ruthven shares his experience of 19 years of life in Canada during the ’40s and early ’50s. It sets the background, both psychological and emotional, that determined decisions the author made that eventually led to him having to leave Canada. “Enders” is a portrait of the West End of Vancouver during that time and how a growing boy related to the economic and cultural challenges that he confronted. The author would like the reader to understand the time, mainly the people and how they reacted to events of the forties. He wants the reader to know the City and the West End of Vancouver at that time, a more innocent period of our history. More intimately the reader will understand the dramatic events that led up to the author leaving Canada “Enders” is available for purchase online at the Archway link above, at Barnes & Noble and on Amazon at: https://www.amazon.com/Enders-Growing-West-Vancouver-1940s/dp/1480897574. “Enders” By Colin Ruthven Hardcover | 6 x 9 in | 612 pages | ISBN 9781480897571 Softcover | 6 x 9 in | 612 pages | ISBN 9781480897588 E-Book | 612 pages | ISBN 9781480897595 Available at Amazon and Barnes & Noble About the Author Colin Ruthven was born in Sweetgrass, Montana, in 1934 to Canadian parents who crossed the border back into Canada after his birth. Being born American but raised in Canada afforded Colin dual citizenship, which would go on to play a major part in his life. In 1954, he left Canada and enlisted in the United States Marine Corp, where he became a fighter pilot and served two tours in Vietnam. He retired as a lieutenant colonel in Memphis, Tennessee, after 21 years of service. In Memphis, he went on to enjoy a long career as an illustrator, winning the Scripps Howard Illustrator of the Year Award three years in a row thus garnering him a place in the Scripps Howard Hall of Fame. He currently resides in Memphis with his wife, Alice, where he both writes and paints. Simon & Schuster, a company with nearly ninety years of publishing experience, has teamed up with Author Solutions, LLC, the worldwide leader in self-publishing, to create Archway Publishing. With unique resources to support books of all kind, Archway Publishing offers a specialized approach to help every author reach his or her desired audience. For more information, visit www.archwaypublishing.com or call 844-669-3957. Attachment Cover_l CONTACT: Marketing Services Archway Publishing 844-669-3957 pressreleases@archwaypublishing.com
(Bloomberg) -- Asian stocks fluctuated Wednesday after their biggest slide in two months as investors mulled a slew of earnings reports and awaited the conclusion of the Federal Reserve’s first policy meeting of the year. Nasdaq futures climbed.Stocks pared earlier gains across much of the region, edging higher in Japan and Hong Kong and falling back in South Korea. Australian shares underperformed as they reopened after a holiday. Nasdaq 100 contracts jumped following a strong earnings report from Microsoft Corp. S&P 500 futures were little changed after the benchmark ended an up-and-down session slightly lower.Elsewhere, Treasury yields were steady and the dollar edged up. Oil advanced higher and gold slipped. Bitcoin dipped below the $32,000 level.Global stocks are mostly treading water near record highs as U.S. corporate earnings season gears up this week. New coronavirus variants that sparked fresh lockdowns and other restrictions are weighing on the so-called reflation trade that bets on an end to curbs.Investors are also seeking more clarity on the timeline for President Joe Biden’s $1.9 trillion Covid-19 relief plan and awaiting the Federal Reserve monetary policy decision later Wednesday.“For the reopening trade to really have persistence it is going to need to show a much broader participation across the market,” Jim McDonald, chief investment strategist at Northern Trust, said on Bloomberg TV. “The virus vaccine rollout is the most important development to help give confidence in the shape of the recovery.”Data showed global coronavirus cases surpassed 100 million. The U.K. became the first nation in Europe with 100,000 deaths. The Biden administration intends to order 100 million more doses each of Pfizer Inc. and Moderna Inc.’s coronavirus vaccines and at least temporarily speed up shipments to states.These are some key events coming up in the week ahead:Apple Inc., Tesla Inc., Facebook Inc. and Samsung Electronics Co. are among companies reporting results.The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.U.S. personal income, spending and pending home sales come Friday.These are the main moves in markets:StocksS&P 500 futures fell 0.1% as of 1:51 p.m. in Tokyo. The S&P 500 Index fell 0.2%.Topix index rose 0.4%.Australia’s S&P/ASX 200 Index fell 0.7%.Kospi index fell 0.5%.Hong Kong’s Hang Seng Index rose 0.2%.Shanghai Composite Index was flat.Euro Stoxx 50 futures fell 0.2%.CurrenciesThe yen traded at 103.73 per dollar, down 0.1%.The offshore yuan was at 6.4710 per dollar.The Bloomberg Dollar Spot Index rose 0.1%.The euro traded at $1.2156.The British pound was at $1.3730.BondsThe yield on 10-year Treasuries was at 1.04%.Australia’s 10-year bond yield fell two basis points to 1.09%.CommoditiesWest Texas Intermediate crude rose 0.4% to $52.81 per barrel.Gold dipped 0.2% to $1,846.96 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Authorities say the bus had 14 people inside despite only being allowed seven.
COVID-19 vaccination programmes in China and India will stretch until late 2022 due to the sheer size of their population, and more than 85 poor countries will not have widespread access to vaccines before 2023, a study showed on Wednesday. While rapid development of vaccines has raised hopes for an end to the year-long pandemic, concerns over unequal distribution have also mounted due to production problems and large bilateral deals between wealthy countries and drug makers. U.S. President Joe Biden said on Tuesday that the United States aims to secure an additional 200 million doses of COVID-19 vaccines from Pfizer and its partner BioNTech and Moderna Inc by summer.
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