Uranium Energy Corp Extends Credit Facility to January 31, 2022 and Completes Royalty Sales to Uranium Royalty Corp

– Maturity of existing $20 million Sprott credit facility is extended to January 31, 2022, further strengthens the Company’s working capital position and financial flexibility.
– No principal repayments until maturity.
– Completion of royalty sales creates a new significant ownership stake in Uranium Royalty Corp.

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298723) is pleased to announce that the Company and its lenders, which include Sprott Resource Lending Partnership, have agreed to extend the Company’s current $20,000,000 senior secured credit facility (the “Credit Facility”) to January 31, 2022 without any principal repayments required until maturity (collectively, the “Credit Facility Extension”).

Amir Adnani, President and CEO, stated, “The Company’s cash position of approximately $24.5 million, the Credit Facility Extension and the royalty sales together evidence UEC’s strong balance sheet heading into 2019.  The Credit Facility Extension allows us to maximize working capital to advance our portfolio of low-cost and production-ready ISR projects in Texas and Wyoming in this critical time for the U.S. uranium industry.   Additionally, the agreement with Uranium Royalty Corp. increases our ownership in this exciting venture to over one-third, adding a long-term asset to our uranium portfolio and balance sheet.”

The interest rate for the Credit Facility remains unchanged at 8%.  In connection with the Credit Facility Extension, the Company has issued a total of 1,180,328 common shares of the Company to the lenders as an extension fee.  As with the Company’s prior Credit Facility, should any principal be outstanding on each of November 30, 2019, 2020 and 2021, an annual fee will continue to be due in cash or stock, at the option of the Company, at the rate of 7%, 6.5% and 6%, respectively, on each such date.

Royalties sale completed

The Company recently closed a royalty purchase agreement with Uranium Royalty Corp. (“URC”). The Company, together with one of its wholly-owned subsidiaries, sold a one percent (1%) net smelter return royalty (collectively, the "Royalties") for uranium on UEC’s hard-rock conventional projects, Slick Rock (Colorado), Workman Creek (Arizona) and Anderson (Arizona).  As consideration for the sale of the Royalties, UEC received 12,000,000 common shares of URC representing, along with UEC’s prior interest, over a 34% holding in URC as of this date. URC is a private company with a unique and sole focus on uranium royalty and streaming assets. It is also a large and strategic shareholder in Yellow Cake PLC (AIM: YCA), a holder of physical uranium.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets.  The Company’s fully-licensed Hobson Processing Facility is central to all of its uranium projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

The securities referred to in this news release have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Contact Uranium Energy Corp Investor Relations at:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info@uraniumenergy.com
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.  Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Many of these factors are beyond the Company’s ability to control or predict.  Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.  Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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U.S. Gold Corp. is about to conclude late Autumn 2018 drilling program at the Keystone Project, Cortez Trend, Nevada

U.S. Gold Corp. is approaching completion of a 6-hole, target-test, reverse circulation drilling program of approximately 10,000 feet (approx. 3,500m)
The drill program is testing a number of important target localities that were previously inaccessible because of permitting limitations
– Drill samples are being sent to Bureau Veritas Laboratories, Reno, NV for assay and detailed geochemical analyses.  Results from all the holes are expected by mid to end January, 2019

U.S. Gold Corp. (NASDAQ: USAU – http://www.commodity-tv.net/c/search_adv/?v=298678  ), a gold exploration and development company, is pleased to announce the pending completion of the late Autumn 2018 drilling program at its 20 square mile, Keystone project, in Nevada’s Cortez Trend.  This drill program is testing several quality drill targets in areas of completed detailed geology, surface geochemistry, geophysics, and target synthesis.  Up to this point in time, the bulk of the Keystone project area was inaccessible to drilling exploration because of severely limited surface disturbance restrictions of about 5 acres per 4 square miles of area.  The Keystone Environmental Assessment (EA) and Plan of Operation (POO) were approved by the Bureau of Land Management (BLM) on September 7, and subsequent archeological surveys preparatory to road and site building were signed off by the BLM and Nevada Department of Environmental Protection (NDEP).  Access and the drill sites were constructed, and drilling the six new sites is in progress. 

Dave Mathewson, U.S. Gold Corp.’s Vice President of Exploration, states: “Our Autumn 2018 Keystone drilling program is moving along.  The weather has started to change at Keystone in Nevada and the snows have made us call a pending end to the program.  We are pleased to likely complete the drill testing of 6 target sites in this late Autumn program (see attached map: https://www.usgoldcorp.gold/keystone-autumn-drilling.jpg).  We will be eagerly awaiting the assay results and are hopeful to have all of them by mid to late January, 2019.  We will keep the market updated as soon as results are in and analyzed.”

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded U.S.-focused gold exploration and development company. U.S. Gold Corp. has a portfolio of development and exploration properties. Copper King is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates.  Keystone is an exploration property on the Cortez Trend in Nevada, identified and consolidated by Dave Mathewson.  For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.

Forward-looking and cautionary statements

Forward-looking statements in this press release and all other statements that are not historical facts are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  These statements involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements.  There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements.  These factors include, but are not limited to, risks arising from: changes in the price of gold and mining industry cost inputs, environmental and regulatory risks,  risks faced by junior companies generally engaged in exploration activities, and other factors described in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov.  We make no representation or warranty that the information contained herein is complete and accurate, and we have no duty to correct or update any information contained herein.

INVESTOR CONTACT:
U.S. Gold Corp. Investor Relations:
+1-800-557-4550
ir@usgoldcorp.gold
www.usgoldcorp.gold

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

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Maximum Comfort: The First Three-Phase SMA Inverter with Free Monitoring Smart Connected

Sunny Tripower 3.0-6.0 from SMA Solar Technology AG (SMA) is now available worldwide. The first three-phase PV inverter that is also designed for low power classes is being launched with the SMA Smart Connected service and integrated communication for module optimization. It ensures higher energy yields and investment security for operators of residential PV systems and small, commercial PV systems. Installers benefit from time and cost savings during installation and maintenance.

“Thanks to the new Sunny Tripower, it’s never been easier for our customers to utilize solar energy and further reduce their energy costs,” said Nick Morbach, Executive Vice President Business Unit Residential and Commercial at SMA. “SMA has designed a system that not only increases energy yields and self-consumption, but also offers maximum comfort for PV system operators.”

Maximum energy yields even in shading

Weighing just 17kg, the three-phase Sunny Tripower 3.0-6.0 is not only lighter than any previous Sunny Tripower devices, but also exceptionally powerful. The PV inverter can be commissioned quickly and intuitively via a smartphone or tablet using the web interface and features an integrated interface for easily connecting TS4-R module optimizers, allowing modules affected by shading to be optimized and system costs reduced as a result.

SMA Smart Connected for maximum service comfort

Thanks to the SMA Smart Connected service integrated in Sunny Tripower 3.0-6.0, PV system owners and installers are automatically and free of charge notified of any irregularities. This makes servicing faster and more cost-effective and ensures investment security for PV system owners.

More information on the new Sunny Tripower and the technical details can be found here.
Find out everything you need to know about SMA’s energy solutions for home systems here.

Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

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eCl@ss and the IOTA Foundation Announce Partnership to Standardize Internet of Things Payments and Data Transmission

IOTA Foundation, a non-profit foundation focused on distributed ledger technology (DLT) and permissionless ecosystem development, today announced a new partnership with eCl@ss to standardize and simplify communication used across connected devices in the Internet of Things (IoT). This strategic alliance is yet another milestone in the IOTA Foundation’s development of Industry 4.0. For more information on the collaboration and to try it with a live transaction, visit: https://eclass.iota.org.

"We look forward to collaborating with IOTA towards the development of new standards of device communication and complex payment processes in the Internet of Things,” said Thorsten Kroke, general manager at eCl@ss. “In conjunction with eCl@ss, the IOTA Tangle offers a clear and standardized description for IoT devices and products, meaning that IOTA and eCl@ss can be used together for any industry transaction."

eCl@ss has established standards for the classification and description of connected devices with a worldwide consortium of leading companies including Lufthansa, Siemens, Staples, PBS Network and Medtronic among many others. The organization’s standardized catalogue allows companies to quickly introduce trusted identification and simplified communication between IoT devices, while simultaneously lowering costs associated with device management. By implementing a universal standard between devices, eCl@ss also enables organizations to develop new methods of machine-to-machine payments.

“After we first learned of IOTA and its Data Marketplace, the idea of a joint implementation between eCl@ss and IOTA was a natural fit,” said Gerhard Treitinger, senior expert product data management system and standardization at BSH Hausgeräte GmbH, a wholly owned subsidiary of the Bosch Group. “Both eCl@ss and IOTA are key players in the development of the industrial IoT and digitized world, as the leading standard in their respective industries. By exploring several use cases, we found that a cooperation between eCl@ss and IOTA would be a win-win situation for both.”

eCl@ss and IOTA will also explore how IOTA’s Data Marketplace can be leveraged in combination with eCl@ss’ IRDI (International Registration Data Identifier) system to purchase product data across various IT systems, businesses and industries. IRDI is based on international ISO standards, and uses globally-unique identifiers for every device to securely share data on its status and attributes.

The integration would allow organizations to collect a host of valuable new information on their products and other connected devices. For example, companies could collect data on the current and average power consumption of their microprocessors, to determine needed software updates and fixes for the next generation of the product. Machines of different vendors could also request attributes of their peers, to directly identify compatible machine partners and their needs, such as current engine power consumption or whether certain modules/capabilities are present.

“We are excited to team up with such a strong and trusted organization,” said Holger Köther, director of partnerships at the IOTA Foundation. “It is an exceptional opportunity to shape how the next generation of devices, across all industry landscapes, can communicate through data and micropayments, truly empowering a machine-to-machine economy for the Internet of Everything.”

About IOTA Foundation

IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data. www.iota.org

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Innovative „Train Ring“ is the best rail train solution

.

Reduce Cost with High Customer Satisfaction

During current train operation, train cars might need to be separated and reoriented due to more flexible operating requirement. Take MRT for example, it needs more cars during peak hours while only few cars are needed during offpeak hours. A longdistance train route may separate into two shorter trains and heading to different destinations at a junction point. When a train system has higher flexibility, it can utilize the resource and reduces operational costs.

When train cars are switched, reconfigure network settings is normally required. Thus, railway operators need to have enough knowledge of Ethernet. This not only increases the cost of labor but also result in additional time. Also, train car switching will cause the interruption of networks, effecting passenger information system and intrain WiFi service.

Passenger’s tolerance toward network interruption is limited and this is one of the important factors of customer satisfaction.

Train Ring vs. Existing Solutions

Common Rapid Spanning Tree Protocol (RSTP) and Coupling Ring can be applied to rail train network for redundancy of multiple train cars. However, each solution has its own drawbacks such as longer recovery time or nonautomatic recovery. Lantech provides a new solution called "Train Ring", which can automatically recover the network within 50ms without reconfigure the settings!

Lantech Train Ring is evolved from traditional Coupling Ring. It eliminates the setting process, and will automatically identify the primary and backup path dynamically, without any configuration required.

Lantech Train Ring allows train operators to rapidly change composition of trains with high efficiency and flexibility. Since all settings are done automatically, configuration errors and cost can be minimized. The recovery time of Train Ring is less than 50ms, so passengers can hardly recognize the interruption caused by topology change.

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Xpert-Timer receives web connection in spring 2019

The development of the new version 7 of the project time recording software Xpert-Timer is already well advanced. The release of version 7 is coming in spring 2019. Among the most important innovations in the upcoming desktop version, there are the “industry-specific terms” and the “application protocol”. The most striking innovation however, is the web connection of Xpert-Timer.

The web connection allows access to the Xpert-Timer via a convenient web application (Xpert-Timer.Web). This application runs in every browser and gives employees access to the program, who previously had no way to use the desktop application. This makes is easy to track times on the road via Windows, Mac and mobile devices (Android, iOS). The necessary web server is integrated as a private cloud in the company network. It therefore offers a high degree of control and security – especially with regard to the GDPR this is a big advantage over conventional cloud solutions. Using a standardized web interface (REST), data and functions of Xpert-Timer can be linked with existing software packages now, thereby taking a major step towards the digitization of business processes.

Industry-specific terms in the desktop version allow users of the software to customize the complete program to their requirements with industry-specific terminology. For example, the “customer“ may then become the “principal“ and the “project“ the “order“. The new application protocol runs silently in the background of the software. In this way, it can be determined which applications (e.g. Word, Excel, CAD, etc.) were used for how long within a project. This provides a deeper insight into the way projects are handled and provides important hints for optimizing the underlying workflow.

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Innovative „Train Ring“ is the best rail train solution – Switch Cars, No Reconfiguration

.

Reduce Cost with High Customer Satisfaction

During current train operation, train cars might need to be separated and reoriented due to more flexible operating requirement. Take MRT for example, it needs more cars during peak hours while only few cars are needed during offpeak hours. A longdistance train route may separate into two shorter trains and heading to different destinations at a junction point. When a train system has higher flexibility, it can utilize the resource and reduces operational costs.

When train cars are switched, reconfigure network settings is normally required. Thus, railway operators need to have enough knowledge of Ethernet. This not only increases the cost of labor but also result in additional time. Also, train car switching will cause the interruption of networks, effecting passenger information system and intrain WiFi service.

Passenger’s tolerance toward network interruption is limited and this is one of the important factors of customer satisfaction.

Train Ring vs. Existing Solutions

Common Rapid Spanning Tree Protocol (RSTP) and Coupling Ring can be applied to rail train network for redundancy of multiple train cars. However, each solution has its own drawbacks such as longer recovery time or nonautomatic recovery. Lantech provides a new solution called "Train Ring", which can automatically recover the network within 50ms without reconfigure the settings!

Lantech Train Ring is evolved from traditional Coupling Ring. It eliminates the setting process, and will automatically identify the primary and backup path dynamically, without any configuration required.

Lantech Train Ring allows train operators to rapidly change composition of trains with high efficiency and flexibility. Since all settings are done automatically, configuration errors and cost can be minimized. The recovery time of Train Ring is less than 50ms, so passengers can hardly recognize the interruption caused by topology change.

For more details, please visit our homepage:

www.lantechcom.eu

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THE mating face for industrial Single Pair Ethernet communication

Integrated IP-based Ethernet communication as well as data and power over ever-smaller cables and connectors to devices are all major challenges facing Integrated Industry. As work continues towards achieving this goal, HARTING is also advancing in the area of Single Pair Ethernet (SPE) and setting standards for the interfaces required. All relevant standardisation committees have now opted for the HARTING design of an SPE mating face. For the protocol, this is IEEE802.3, and for cabling it is ISO/IEC JTC 1/SC 25 and TIA 42.

A prerequisite for the widespread use and hence the successful marketing of SPE technology is the end-to-end compatibility of devices, cables and connectors. This is ensured by international standardisation (ISO/IEC and IEEE 802.3). The beginning of 2018 saw an internationally drafted selection process standardised via ISO/IEC for cabling and the selection of standardised SPE mating faces. TIA initiated a similar process in the summer of 2018, and in November 2018 the IEEE finally decided. All three major bodies came to the same conclusion:

  • for building wiring, the mating face is standardised according to IEC 63171-1: this mating face is based on the proposal from CommScope and is known under the synonym Variant 1 (LC style) for M1I1C1E1 environments
  • for industrial and industry-related applications, the mating face is according to IEC 61076-3-125: this mating face is based on the HARTING proposal, is specially designed for use in up to M3I3C3E3 ambient conditions and is known as Variant 2 (industrial style). This SPE connector concept can handle 1GBit/s for shorter distances as well as 10Mbps for long distances (1000m and longer) with a mutually compatible mating face and is available in IP20 to IP65/67.

The development towards ever smaller and more powerful devices is making inroads into automation. Despite higher data rates and the parallel transmission of power (remote power supply), cabling components must become smaller and lighter. The new Single Pair Ethernet technology SPE, which is based on transmission standards according to IEEE 802.3bp and 802.3cg, now enables data transmission over Ethernet via a single pair as well as simultaneous power supply to end devices via PoDL – Power over Data Line. Two pairs have hitherto been required for Fast Ethernet (100MB) and four pairs for Gigabit Ethernet. There is now a push to leverage the advantages of SPE in industrial automation as well. Here, SPE enables the barrier-free connection of devices and sensor/actuator technology via integrated IP-based communication right down to the field level. Equipping simple sensors, cameras, or reading and identification devices with Ethernet interfaces supports the implementation of Integrated Industry and IIoT.

Here, SPE delivers the decisive difference to bus systems or power interfaces in the form the latter are still to be found today at the field level. The field level thus becomes "smart", and the integrated Ethernet communication reduces the effort involved in parameterisation, initialisation and programming. At the same time, all elements in the automation network can be set up, monitored and controlled remotely. The construction, operation and maintenance of equipment become more efficient and cheaper.

Many connected devices, switches, sensors and other consumers do not require additional power supplies or batteries. This increases operational safety and protects the environment.

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Oliver Vallant joints Auconet as Head of Sales and Partner Management

Auconet GmbH has appointed Oliver Vallant as Head of Sales & Partner Management. The business graduate will continue to expand sales activities and win new sales partners in the future.

The partner sales business in the DACH region becomes an elementary pillar of Auconet. Oliver Vallant will systematically develop existing partnerships and build new ones. The aim is to win new strategic partners who will operate independently in the market and already have project experience in the areas of network management and network security.

Oliver Vallant has more than 20 years of IT sales experience in leading positions at leading companies such as nscglobal, Hitachi Data Systems and Bechtle. He is a proven sales professional both for direct end customer sales and for sales via partners.

"I am looking forward to this exciting challenge and to working with Auconet’s highly experienced and qualified employees. Auconet BICS monitors and controls heterogeneous networks from a central location. This ability to operate BICS redundantly in a multi-instance network and with a large number of clients predestines our solution for use in very large network environments and therefore makes it very interesting for our sales partners".

Further information and details about Auconet are available at https://auconet-it.com

About Auconet

Auconet was founded in 1998 by a German engineering team with deep expertise in IT Operation Management. The company provides information technology solutions and offers network management, network security, IT infrastructure management, cloud, network automation, and business infrastructure control solutions.

Auconet BICS is the Next-Generation ITOM platform to control large & heterogeneous enterprise networks. BICS not only provides network infrastructure management for all vendors’ devices and endpoints, but also serves as the foundation for a new generation of IT infrastructure management.

Auconet became part of Beta Systems Group in early 2018.

About Beta Systems DCI Software AG

Beta Systems DCI Software AG has been developing high-quality infrastructure software products and solutions for the reliable and efficient processing of large quantities of data for over 35 years, providing our customers with the means to best fulfill all legal and corporate requirements. Our multi-platform software solutions for z/OS, Unix, Linux and Windows environments automate, document and analyze business-critical IT processes in data centers of large corporations, IT service providers, public-sector institutions and mid-sized companies. Beta Systems’ data center intelligence portfolio focuses on output management & archiving, log/security information management, workload automation and job management.

Beta Systems Software Aktiengesellschaft (BSS, ISIN DE000A2BPP88) was founded in 1983, is listed in the Scale segment of Deutsche Börse and employs more than 330 people companywide. Company headquarters are located in Berlin, Germany. The company, together with its self-owned subsidiaries and numerous partners, is active across the globe. More than 1,300 customers all over the world are currently operating over 3,200 installations in more than 30 countries. They employ products and solutions from Beta Systems to optimize their IT landscape and maximize security. The company is a leading mid-sized, independent European software solution provider that generates about half of its turnover abroad.

Company Contact:

Auconet GmbH
An den Treptowers 1
12435 Berlin
Tel. +49 (0) 30 254 690-0
Fax: +49 (0) 30 254 690-199
hello@auconet-it.com
www.auconet-it.com

Beta Systems DCI Software AG
Thomas gr. Osterhues
Alt-Moabit 90d
10559 Berlin
Tel.: +49 (0)30 726 118-0
Fax: +49 (0)30 726 118-850
E-mail: pr@betasystems.com
www.betasystems-dci.com

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Construction Equipment (Machinery) Market To Reach $170 Bn By 2024 | Volvo Construction Equipment, CNH Industrial, Caterpillar Inc, Terex Corporation

Construction Equipment Market is anticipated to exceed USD 170 billion by 2024. The globally flourishing construction sector is surging the demand for high-performance machinery that aids in reducing human involvement in the construction process.

The rapid growth in the number of construction activities is exerting pressure on the existing human resources. The demand for sophisticated construction equipment that reduces the overall capital investment will contribute to the construction equipment market growth.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2803

The Asia Pacific construction equipment (machinery) market will witness a strong growth owing to the growing government focus toward the construction sector. Initiatives, such as Make in India and Made in China 2025, supporting the infrastructure sector will favor the industry growth.  

Initiation of projects, such as South-North Water Transfer Project in China, will propel the industry demand in the region. The development of smart city projects in Singapore will surge the demand for high-performance machinery.

Construction Equipment Market, By Product

  • Earthmoving & Road Building Equipment
    • Backhoes
    • Excavators
    • Loaders
    • Compaction Equipment
    • Others
  • Material Handling & Cranes
    • Storage & Handling Equipment
    • Engineered Systems
    • Industrial Trucks
    • Bulk Material Handling Equipment
  • Concrete Equipment
    • Concrete Pumps
    • Crushers
    • Transit Mixers
    • Asphalt Pavers
    • Batching Plants

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The demand for automated storage and material handling equipment in warehouses will drive the construction equipment market growth. Furthermore, the rise in the number of tall buildings and skyscrapers across various regions will surge the demand for cranes over the forecast timespan.

For instance, in August 2017, Hapman, a material handling equipment manufacturer, announced an initiative with Dattus, an IIoT platform, to offer enhanced solutions to its customers. Industrial trucks that are sturdy enough to enable the smooth transfer of heavy materials will propel the construction equipment market growth.

The high initial and maintenance costs of the machinery discouraging the adoption of the equipment for small-scale construction projects will hinder the construction equipment market growth. Construction projects with limited monetary resources are still preferring traditional manual construction techniques over modern machinery. Equipment incorporated with the latest technologies, such as GPS and IoT, is further increasing the overall equipment cost, thereby restricting the construction equipment market growth.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/construction-equipment-market  

The major players operating in the construction equipment market include Volvo Construction Equipment, Caterpillar, Inc., Komatsu Ltd., Hitachi Construction Machinery Co., Ltd., CNH Industrial, Zoomlion Heavy Industry Science & Technology Co., Ltd., Kobelco Construction Machinery Co., Ltd., Terex Corporation, Liebherr, and Sany Group. The industry is characterized by new product launches and expansion of product portfolio to enhance its market presence. Competitive pressure in the industry is compelling the industry participants to invest in new technologies, which will favor the construction equipment market growth.

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