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Daily Archives: January 28, 2021

Spire Global and Pole Star Illuminate the Seas with Data from Space

Space To Cloud Analytics supports maritime search and rescue and safety of life operations, improving visibility in dangerous waters

SAN FRANCISCO, Jan. 28, 2021 (GLOBE NEWSWIRE) — Spire Global, one of the world’s largest space-powered data and analytics companies, announced today that it will be working with Pole Star to provide all global data, for satellite, terrestrial, and Dynamic™ AIS to one of the six branches of the United States Armed Forces.

This collaborative effort originated with Spire providing solely satellite-based AIS data for 70 degrees North and above (the Arctic region) to now providing all global data, for satellite, terrestrial, and Dynamic™ AIS to Pole Star to assist in providing critical maritime data services to government agencies.

“Spire Global is becoming an industry-standard in the maritime industry. This effort is a big step towards cementing that,” said Ben Minichino, President of Pole Star USA. “Both Pole Star and Spire have complementary technologies, and together we can provide cutting-edge services and systems in the maritime space.”

Spire will directly support Pole Star in search and rescue and safety of life operations, assisting the company in improving global maritime operations for one of the six branches of the U.S. military. Spire will provide deeper insights into areas that are difficult to cover with traditional terrestrial AIS, such as Alaska and the Arctic region, as well as open ocean and coastal zones, which only space based AIS can cover. Spire’s unique Dynamic™ AIS will also provide coverage in notoriously difficult High Traffic Zones (HTZs) near busy ports and waterways around the world.

“Major Government agencies and Pole Star extensively evaluated our data and found that our latency met or exceeded their newly implemented standards. This is a great example and real-world validation of how Spire is adding value with new types of data and new ways to apply it to increase efficiencies, and rapid, organic growth,” said Keith E. Johnson, Vice President and GM Federal, Spire Global.

About Spire Global Inc.
Spire is a space-powered data and analytics platform that offers unique datasets and powerful insights about Earth from the ultimate vantage point so organizations can make decisions with confidence, accuracy, and speed. Spire uses the largest multi-purpose satellite constellation to source and enrich data with the most accurate predictive solutions so organizations can rapidly course-correct, deploy resources, mitigate risk, and save lives. Spire gives commercial and government organizations an unprecedented competitive advantage to innovate and solve the world’s toughest problems from space. Spire has offices in San Francisco, Boulder, Washington DC, Glasgow, Luxembourg, Singapore. To learn more, visit spire.com

About Pole Star Space Applications (USA) Inc.
Pole Star (USA) is a St. Petersburg, FL based, privately held, London headquartered technology company. Since opening in 1998, Pole Star has pushed the limits of innovation, mitigating growing threats to ships, supply chains, cargo, territorial waters and, most importantly, lives within the maritime infrastructure and beyond. Pole Star designs, builds, and supports National Data Centers on behalf of over 60 governments and flag administrations: monitoring more than 40,000 ships, for over 1000 clients. Pole Star continues to develop new ways of turning complex geospatial data into accessible insight across critical government maritime safety, surveillance, regulatory conformance, sanctions screening, trade compliance, tracking, and security.

Contact:
press@spire.com

Brunswick Announces Closing of Transaction Regarding Sale of Its Burkina Faso Assets

MONTREAL, Jan. 28, 2021 (GLOBE NEWSWIRE) — Brunswick Exploration Inc., (“Brunswick” or the “Corporation”; TSX-V: BRW, previously Komet Resources Inc.) announces that it has closed, on January 20, 2021, its previously announced transaction relating to the to sale of all the issued and outstanding shares that it held in the share capital of its Burkina Faso subsidiaries, namely Komet Ressources Afrique SA and Guiro Exploration SARL, to CINI Solutions, a private corporation located in Qatar.

The closing of this transaction allows Brunswick to cease all activities in Africa.

About Brunswick

The Corporation is part of the Osisko Group of companies and is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. It is now focused on exploration and development of gold and base metal properties in Eastern Canada. Current projects include gold-polymetallic vein systems in southern New Brunswick (Fundy Gold Project) and base metal VMS in the Bathurst Mining Camp in northern New Brunswick and in the Chibougamau region of Quebec (Waconichi).

Investor Relations/information

Mr. Killian Charles, President (info@brwexplo.ca).

More information about the Corporation is available at: http://kometgold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

SGS 2020 Full Year Results

A Strong Performance in 2020 Confirms the Group’s Strategic Evolution

“I am proud of the dynamism and responsiveness demonstrated by our employees in a challenging period. Their hard work, commitment and entrepreneurialism in supporting our customers have resulted in a strong operational performance for SGS in 2020, reinforcing our leadership position in the TIC industry.

We have taken significant strategic steps forward in 2020, both through the acquisition of SYNLAB Analytics & Services (A&S) and by launching the next phase of our planning. The strong operational performance combined with this important move confirms our strategic evolution which further aligns SGS to the key TIC ‘megatrends’”, said Frankie Ng, Chief Executive Officer of SGS.

A Strong Financial Performance

Total Revenue reached CHF 5.6 billion, down by 15.1% (a decline of 8.8% at constant currency*), notably driven by the disposal of the Petroleum Service Corporation (PSC) in 2019. Organic Revenue* declined by 6.5% impacted by the pandemic. A gradual improvement throughout H2 2020 was experienced with a return to growth in December.

Operating Income decreased from CHF 1 082 million in prior year to CHF 795 million in 2020, mainly driven by the exceptional gain of CHF 268 million on the disposal of the PSC business in 2019 and the impact of the COVID-19 pandemic in 2020.

Adjusted Operating Income* decreased from CHF 1 063 million in prior year to CHF 900 million in 2020, a decline of 15.3% (a decline of 8% at constant currency*).

Adjusted Operating Income Margin* of 16.1% remained stable in 2020 at historical rate but increased by 20 basis points at constant currency*. This improvement was driven by the structural cost optimization program implemented in H2 2019, strong cash collection (resulting in a lower allowance for expected credit losses) and additional measures taken in 2020 due to the pandemic.

Profit Attributable to Equity Holders decreased from CHF 660 million in 2019 to CHF 480 million in 2020, a decrease of 27.3% over prior year.

Basic Earnings per Share decreased from CHF 87.45 in prior year to CHF 64.05, a decrease of 26.7%.

Free Cash Flow (FCF)* increased significantly by 12.6% from CHF 673 million in prior year to CHF 758 million in 2020 driven by strong working capital management.

The Board of Directors is pleased to propose a Dividend to remain stable at CHF 80 per share.

Significant Strategic Milestones Achieved In 2020

We have implemented the next stage of our strategic evolution with the purpose of enabling a better, safer and more interconnected world for employees, customers, shareholders and society. Our operational structure has been simplified into six new focus areas, composed of four divisions: Connectivity & Products, Health & Nutrition, Industries & Environment and Natural Resources and two cross-divisional strategic units: Knowledge and Digital & Innovation. This will improve our market approach and increase cooperation and agility in our global network.

The acquisition of SYNLAB Analytics & Services (A&S) further aligns SGS to the Health, Nutrition and Environment TIC megatrends and enhances our market position in Europe. It also adds a range of complex services and accelerates the adoption of our hub and spoke model, offering greater scope for automation and digitalization and generating strong operating synergies.

Throughout 2020, SGS has successfully developed our Next Normal solutions and leveraged our remote service delivery solutions to better serve our customers and society with higher value-added services. To provide improved supply chain visibility, we leveraged our market-leading technical capabilities and adapted our delivery models using our digital tools and sensor-based technology. Remote inspection, audit, consulting and other digital delivery solutions all gained customer traction and acceptance in 2020.

Additional innovation of our service portfolio included our global Life Sciences network delivering Covid-19 vaccine testing and new innovative therapeutics for several global clients. We continue to be TIC market leader in PPE testing and inspection. In addition, we have seen strong progress on contract signings across our TIC services on disinfection and business recovery.

We have defined our 2030 sustainability ambition which encompasses a holistic and global approach to sustainability both in terms of how we behave as a company and the value we provide to our customers through our services. We will launch our 2030 sustainability plan in Q2 2021.

Financial Discipline and Continued Investment in Strategic Priority Areas

We have continued to invest in high growth potential markets, reinforced our pricing initiatives, cost control and working capital management and successfully refinanced part of our debt in a challenging year.

  • We successfully issued two bonds with a total value of CHF 500 million.
  • We achieved over CHF 90 million of structural cost savings, coupled with strong cost management and EVA-driven performance management.
  • Supported by our focused capital allocation strategy, we have continued to invest heavily in our strategic priority areas including wireless, 5G, semiconductors, food testing and investment into IT systems to continue to drive productivity increases.

Download the full report (PDF) >
Download the Alternative Performance Measures supplement (PDF) >
Join the webcast at 14:00 CET >
Learn more >

* Alternative Performance Measures (APM) – refer to the 2020 Full Year APM document

For further information, please contact:

Investors: Toby Reeks
SVP Corporate Communication, Sustainability & Investor Relations
t: +41 79 641 83 02

Media: Daniel Rufenacht

Group VP Corporate Communications
t: +41 78 656 94 59

www.sgs.com

ABOUT SGS

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 89,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.

Attachments

COVID: Kedah MB’s office to be closed temporarily

– The office of the Kedah Menteri Besar (MB) in Wisma Darul Aman, here, will be closed from Jan 31 to Feb 2 following a COVID-19 positive case at a state government department located in the building.

Based on information uploaded onto the state government’s official website, the MB’s Office will reopen on Feb 3.

Also closed is the Kedah Integrity and Governance Department located in the same building, effective today until Feb 6 to allow for sanitisation work and self-quarantine of all its staff following one of the them being positive for COVID-19.

Through another posting on the Facebook, the Kedah State Water Resources Board (LSANK) said its operations were also closed from today until Feb 6.

For enquiries, the public can contact LSANK via info@lsank.gov.my or its official Facebook.

Source: BERNAMA News Agency

COVID: Kedah MB’s office to be closed temporarily

– The office of the Kedah Menteri Besar (MB) in Wisma Darul Aman, here, will be closed from Jan 31 to Feb 2 following a COVID-19 positive case at a state government department located in the building.

Based on information uploaded onto the state government’s official website, the MB’s Office will reopen on Feb 3.

Also closed is the Kedah Integrity and Governance Department located in the same building, effective today until Feb 6 to allow for sanitisation work and self-quarantine of all its staff following one of the them being positive for COVID-19.

Through another posting on the Facebook, the Kedah State Water Resources Board (LSANK) said its operations were also closed from today until Feb 6.

For enquiries, the public can contact LSANK via info@lsank.gov.my or its official Facebook.

Source: BERNAMA News Agency

COVID: Kedah MB’s office to be closed temporarily

– The office of the Kedah Menteri Besar (MB) in Wisma Darul Aman, here, will be closed from Jan 31 to Feb 2 following a COVID-19 positive case at a state government department located in the building.

Based on information uploaded onto the state government’s official website, the MB’s Office will reopen on Feb 3.

Also closed is the Kedah Integrity and Governance Department located in the same building, effective today until Feb 6 to allow for sanitisation work and self-quarantine of all its staff following one of the them being positive for COVID-19.

Through another posting on the Facebook, the Kedah State Water Resources Board (LSANK) said its operations were also closed from today until Feb 6.

For enquiries, the public can contact LSANK via info@lsank.gov.my or its official Facebook.

Source: BERNAMA News Agency

Quiet Thaipusam but celebration remains meaningful with fervent prayers

Every year during the Thaipusam festival, the Sri Subramaniar Swamy temple at Batu Caves would be flooded in a sea of people comprising Hindu devotees from all over the country and tourists, both local and foreign.

Today, however, the crowds were absent from the temple, which was tightly guarded by the police, as Hindu temples nationwide adhered to the standard operating procedure (SOP) under the Movement Control Order (MCO).

Nevertheless, this year’s Thaipusam is just as significant and meaningful as Hindus marked the occasion with prayers at home, particularly for the country to be free of the COVID-19 pandemic.

Private sector employee, N.Kumari, 35, shared with Bernama that she and her entire family cleansed themselves with tumeric powder before praying at home and conveying Thaipusam greetings to family and friends through social media platforms.

“Many of us are praying for the pandemic to end today. Every Thaipusam, my entire family would purify ourselves with tumeric at home before going to the Batu Caves temple to watch the kavadi procession and the festivities there,” she said.

Health director-general Tan Sri Dr Noor Hisham Abdullah, in a posting on his Facebook account today, wished Hindus a ‘Safe and Happy Thaipusam’.

He also reminded all to practise physical distancing of at least one metre, to wash their hands regularly and wear face masks properly, covering the nose, mouth and chin.

Thaipusam is celebrated by Hindus all over the world during the month of ‘Thai’, the 10th month of the Tamil calendar commemorating deity Lord Murugan receiving the vel, a sacred spear, from his mother Pravati to defeat the evil Soorapadman, and restore peace and prosperity to mankind.

The statue of Lord Murugan was brought from the Jalan Bandar temple to Kuil Sri Subramaniar Swamy temple at Batu Caves yesterday, without the usual procession in order to abide by the SOP set by the government.

The Thaipusam chariot was accompanied by not more than 10 people but without any accompanying music, and it was not allowed to make stops along the journey to Batu Caves.

Checks by Bernama at the Batu Caves temple today showed that several individuals turned up at the temple but left after being advised by policemen stationed there.

In addition, the Sri Maha Mariamman temple management here also put up notices informing the public regarding its closure, and Jalan Tun H S Lee, which was usually filled with throngs of Hindu devotees making their way to temple, was relatively quiet today.

In NEGERI SEMBILAN, B. Suhashini, 27, and her family performed prayers and smashed coconuts at their home in Taman Putra, Batu Kikir, Jempol, before having a meal together with relatives.

“I am fulfilling my vows this year as a sign of gratitude by shaving the head of my 15-month-old son. Usually it would be conducted at Batu Caves but because of the MCO, the ceremony is done at home. The shaven hair will be kept at home for the time being and will be taken to Batu Caves when there are no longer restrictions on interstate travel,” she said.

In PERAK, M. Ramachandran, 45, marked the festival with prayers at his house in Taman Silibin Ria, Ipoh as early as 6.45 am with his wife and four children.

The president of Sri Subramaniar temple in Gunung Cheroh, Ipoh, M. Viveganantha, said this was the second time in the history of the century-old temple that Thaipusam celebrations were not conducted there, with the first being after the declaration of Emergency on May 16, 1969.

In SELANGOR, G. Parumal, 39, and his family, who run a business making and renting kavadis, said although there were no prayers at temples, his entire family is grateful for being able to celebrate Thaipusam together at home. He hoped that the COVID-19 pandemic will end soon.

He said this was the first time he was unable to sell or rent kavadis to Hindu devotees since he started the business some 20 years ago.

In KEDAH, checks by Bernama found that the gates of the Sri Subramaniya Swami Devasthanam temple in Sungai Petani were closed, with several People’s Volunteer Corps (Rela) personnel stationed at the entrance.

According to a temple committee member, K. Anbarasan, devotees are not allowed to pray at the temple for three days beginning yesterday, and only committee members are permitted to pray today with a limit of five people at any one time.

In MELAKA, the Sri Subramaniar Devasthanam temple management in Batu Berendam took the initiative of conducting a live Thaipusam prayer ceremony on Facebook. The temple president, V. Manokaran, said the public have sent flowers and milk to the temple gates to fulfill their vows.

In PENANG, Jalan Air Terjun, which was usually crowded every Thaipusam, was completely quiet and empty today.

A check by Bernama found that a number of devotees were spotted at the Penang Thanneermalai Shree Balathandayuthapani Temple or Penang Hilltop Temple located along the road.

They were seen performing their prayers outside the temple gates before leaving as the temple was closed.

A few notices and banners were hung outside the temple, indicating that there would be no Thaipusam activities, in line with the MCO.

Source: BERNAMA News Agency