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Items filtered by date: November 2015 - CIMdata
Trimble® is unveiling a free version of Trimble ProjectSight®, featuring AI and advanced tools that were previously inaccessible to many in the construction industry. This initiative underscores Trimble's strategy to empower contractors of all sizes with connected data and workflows. ProjectSight provides a centralized, real-time solution for managing and sharing project information, including documents and drawings. Contractors use the application to collaborate within their teams and with other contractors, architects, engineers and project owners to gain efficiency and minimize risk. Trimble is highlighting ProjectSight's new, AI-driven feature to automate tasks, save time and increase accuracy at the annual Trimble Dimensions User Conference. Extending Advanced Collaboration Tools to EveryoneTrimble ProjectSight empowers contractors to connect construction teams by capturing, organizing and sharing critical project data, such as drawings, requests for information (RFIs), submittals and photos. Jon Fingland, vice president and general manager for Trimble construction software solutions, said, "A no-cost version of ProjectSight removes barriers
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KORE Group Holdings, Inc. ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's financial results for the third quarter of 2024 and live webcast to discuss those results from previously scheduled November 13, 2024 at 5PM ET to November 19, 2024 at the same time. The Company's management, in consultation with the Audit Committee of the Company's Board of Directors and in consultation with BDO USA, P.C., the Company's independent registered public accounting firm, concluded that the Company's previously issued unaudited condensed consolidated financial statements contained within the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 should no longer be relied upon due to errors in computing a non-cash goodwill impairment charge. The
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Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today announced financial results for the third quarter of 2024. Third Quarter 2024 Financial Results Compared to Third Quarter 2023: Revenue of $140.0 million, compared to $162.1 million, reflects ongoing impacts from current macroeconomic environment on customer capital equipment spending. GAAP gross margin of 44.8%, compared to 40.5% and non-GAAP gross margin of 49.6%, compared to 48.3%. GAAP operating loss of $25.5 million, compared to an operating loss of $42.8 million. Non-GAAP operating loss of $0.1 million, compared to non-GAAP operating income of $4.1 million. GAAP net loss of $26.6 million, or $0.37 per diluted share, compared to a net loss of $47.3 million, or $0.68 per diluted share. Non-GAAP net income of $0.4 million, or $0.01 per diluted share, compared to non-GAAP net income of $2.4 million, or $0.04 per diluted share. Adjusted EBITDA of $5.1 million, compared to $9.8 million. Cash used
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Logility Supply Chain Solutions, Inc. (Logility), a leader in AI-first supply chain planning software, announced that it will release its second quarter fiscal year 2025 financial results after the U.S. financial markets close on Thursday, November 21, 2024. In conjunction with the release, the company will host a conference call at 5:00 pm ET to discuss its results with the investment community. Logility Second Quarter Fiscal Year 2025 Earnings Call Date: Thursday, November 21, 2024 Time: 5:00 pm ET Webcast: https://events.q4inc.com/attendee/584175710 A live webcast and replay of the call will also be accessible via the investor relations page of Logility’s website at www.logility.com/company/investor-relations/financial-news. To view the original press release, please click here. Search for Logility on CIMdata.com
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Altair, a global leader in computational intelligence, has signed a collaboration agreement with aerospace startup Moya Aero as part of Altair's Aerospace Startup Acceleration Program (ASAP). Within the agreement, Moya Aero will leverage an array of solutions in the Altair® HyperWorks® design and simulation platform and the organizations will collaborate in the development of eVTOL and unmanned aerial vehicles. “The ASAP program aims to boost the development of startups in the aerospace and defense sector and gives enterprises access to our powerful technology solutions and specialized technical support and expertise,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “Our goal is to expand Altair’s presence in Brazil and empower startups with industry-leading technology.” “Moya Aero is focused on providing an autonomous aircraft for sustainable and efficient cargo transportation,” said Alexandre Zaramela, chief executive officer and chief technical officer, Moya Aero. “Our goal is to be the market leader in high-capacity unmanned aerial vehicles and boost this type of delivery
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Altair, a global leader in computational intelligence, has entered into collaboration agreement with the European Space Agency (ESA) through the ESA Partnership Initiative for Commercialisation (EPIC). Through a letter of intent, Altair’s aerospace technology within the Altair® HyperWorks® and Altair® RapidMiner® platforms will be made available to all startups, companies, research centers, and universities throughout Europe who are collaborating with ESA or developing technologies with ESA support.  “ESA is a reference point for anyone working in the space sector in Europe and across the world, constantly working with its local agencies to foster innovation throughout its programs. For Altair, partnering with ESA represents the coming together of two pioneers in the aerospace industry,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “We are delighted to work together with the ESA to offer access to our simulation, AI, and data analytics solutions. Our tools help accelerate and de-risk the exploration of disruptive ideas and further our mission of creating
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Archistar.ai, a global leader in AI-driven urban planning and property technology solutions, is thrilled to announce its partnership with the City of Surrey. This three-year contract marks the full deployment of Archistar’s eCheck technology to revolutionize zoning bylaw compliance processes in Surrey’s residential development sector. The eCheck platform, powered by advanced AI, allows developers and city planners to automate and streamline the evaluation of building permits. By conducting pre-application compliance checks against Surrey’s zoning bylaws, eCheck significantly accelerates approval times, improves application quality, and supports the City’s commitment to meeting its growing housing demands. “We’re addressing Surrey’s growing housing needs with innovative solutions to ensure our community is supported as it grows,” said Mayor Brenda Locke. “The goal of this tool is to help speed up the permitting process and help accelerate housing development. We’re committed to being a leader in urban planning and development, and this new tool will help us
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Centric Software® is pleased to announce that Chinese poultry processing company Dachan Food has selected Centric PLM™ to shorten product development cycles and increase product sales. Centric Software provides the most innovative enterprise solutions to plan, formulate, develop, procure, manufacture and sell consumer goods products in food & beverage, grocery, fashion and multi-category retail to achieve strategic and operational digital transformation goals. Dachan Food (Asia) Co., Ltd. is a leading poultry product provider. Dachan operates with a highly vertically integrated business model, combining feed production, chicken rearing, poultry processing and processed food production. The company has invested in nearly 30 factories across 13 provinces and cities, employing over 8,000 people, with annual revenues exceeding 6.5 billion RMB (approximately $900m USD). Dachan is a poultry supplier to fast food chains like Subway, Dicos, CNHLS, and Haidilao. Additionally, it exports poultry products from the PRC to convenience store chains such as Ito-Yokado and 7-Eleven
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Sahara International Petrochemical Company (Sipchem), a leading Saudi Arabian petrochemical company, and Wipro Limited, a leading technology services and consulting company, announced the successful completion of its digital transformation journey with the implementation of SAP S/4HANA. The comprehensive transformation program covered Sipchem's operations in both Saudi Arabia and Switzerland. The new system, built on RISE with SAP, incorporates SAP’s clean core strategy and uses best practices for the chemical industry. This created a unified, efficient decision-making environment and positions Sipchem as a future-ready enterprise with enhanced operational capabilities. "The successful implementation of SAP S/4HANA underscores our unwavering commitment to adopting cutting-edge digital technologies and achieving operational excellence," said Abdullah Saif Al-Saadoon, Chief Executive Officer, Sipchem. "This pivotal milestone is a highlight in the transformative era of digitalization at Sipchem, enabling us to streamline our operations and enhance our competitive edge in the global market." Vinay Firake, Chief Executive Officer – Asia Pacific, Middle East and
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Computer Guidance Corporation (CGC), a leader in cloud-based ERP solutions tailored for the construction industry, announced that the Edwards Family of Companies has chosen CGC’s eCMS Construction Cloud ERP to power its growing operations. Based in Sacramento, California, Edwards Family of Companies has built a strong reputation for delivering water treatment solutions, wholesale distribution, erosion control, stormwater compliance, and heavy highway construction services. As the result of recent growth, the company has expanded and diversified its services, adding new business units along the way. These changes meant that Edwards Family of Companies would require an advanced, integrated solution to support its growth. After carefully assessing CGC’s solution, Edwards Family of Companies selected eCMS Construction Cloud ERP for its reputation and performance in the construction sector. The platform’s reliability and construction-focused capabilities made it the ideal choice to support the company’s ambitious goals. “To keep pace with our rapid growth while maintaining our ability
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