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Maxar Earth Intelligence Solutions Expands its Support for the U.S. National Security Community

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Company awarded $95M of new contracts from the U.S. Air Force,
Special Operations Command and National Geospatial-Intelligence Agency

WESTMINSTER, Colo.–(BUSINESS WIRE)–Maxar Technologies (NYSE:MAXR) (TSX:MAXR) today announced that it was
awarded multiple contracts in the first quarter of 2019 to provide
innovative Earth intelligence solutions to U.S. government agencies,
with a total value of more than $95 million.

As announced
in January, Maxar is now fully domesticated in the U.S. and has a
combined team of over 1,550 cleared professionals. U.S. domestication
has made it easier for Maxar to bring its integrated capabilities to
bear for national security customers seeking to apply commercial
innovation to support classified mission requirements. Recent contract
wins include:

  • The U.S. Air Force awarded Maxar a multi-year contract worth more than
    $70 million to deliver a testbed for the development and integration
    of automated intelligence and machine learning capabilities into
    operations. Maxar will work closely with the Air Force to demonstrate
    the operational value of advanced analytics in day-to-day operations.
  • U.S. Special Operations Command (USSOCOM) awarded Maxar a five-year
    indefinite-delivery/indefinite-quantity (IDIQ) contract and three task
    orders under that contract for a program called the 3D Data
    Engineering Lab. Maxar will leverage its advanced expertise in machine
    learning, computer vision, crowdsourcing, software engineering and
    geospatial analysis to enable USSOCOM to rapidly sift through massive
    amounts of geospatial data to reveal actionable insight. Maxar will be
    eligible for multiple future awards over the five-year ordering period
    of the contract and up to a cumulative value of $6 million.
  • The U.S. National Geospatial-Intelligence Agency (NGA) awarded Maxar
    two delivery order contracts worth $7 million to continue providing
    updates and enhancements for its sophisticated change detection and
    land cover and classification solutions. Maxar-developed machine
    learning algorithms allow analysts to quickly and effectively focus
    their attention on locations where change persists over at least three
    different dates of satellite imagery collection. And the company’s
    global-scale land cover and classification capabilities support NGA’s
    geospatial modeling and mission planning applications.
  • Maxar was also awarded a number of classified contracts generating an
    additional value of more than $12 million.

“These contract awards reflect Maxar’s unwavering commitment to serving
the U.S. national security community with innovative solutions that meet
their most demanding requirements,” said Tony Frazier, Maxar’s Executive
Vice President of Global Field Operations. “Now that the company is
operating as one Maxar, it offers an unrivaled portfolio of solutions
that include spacecraft manufacturing and robotics, electro-optical and
radar satellite imagery, industry-leading AI and geospatial machine
learning capabilities. All of these capabilities are built on a
commercial foundation that enables us to rapidly address the needs of
the U.S. government and other global defense and intelligence customers.”

Maxar has been a trusted mission partner to the U.S. defense and
intelligence community for decades and has continued to gain momentum
over the last year. For the U.S. National Reconnaissance Office, the
company continues
to provide
the highest resolution and most accurate and reliable
commercial satellite imagery available. Maxar has served NGA since 1999
and recently announced that it is leading a team to provide content
management of community-sourced topographic and human geography data for
the agency’s Janus
Geography
program. Maxar is also expanding the development of
machine learning and crowdsourcing capabilities to augment global GEOINT
missions on the NGA’s Small
Business Innovation Research
program and providing on-demand access
to mission-ready satellite imagery through the Global
Enhanced GEOINT Delivery
program.

The operations of DigitalGlobe, SSL (Space Systems Loral) and Radiant
Solutions were unified under the Maxar brand in February; MDA continues
to operate as an independent business unit within the Maxar organization.

About Maxar Technologies

As a global leader of advanced space technology solutions, Maxar is at
the nexus of the new space economy, developing and sustaining the
infrastructure and delivering the information, services, systems that
unlock the promise of space for commercial and government markets. The
operations of DigitalGlobe, SSL (Space Systems Loral) and Radiant
Solutions were unified under the Maxar brand in February; MDA continues
to operate as an independent business unit within the Maxar
organization. As a trusted partner with 5,900 employees in over 30
global locations, Maxar provides vertically integrated capabilities and
expertise including satellites, Earth imagery, robotics, geospatial data
and analytics to help customers anticipate and address their most
complex mission-critical challenges with confidence. Every day, billions
of people rely on Maxar to communicate, share information and data, and
deliver insights that Build a Better World. Maxar trades on the New York
Stock Exchange and Toronto Stock Exchange as MAXR. For more information,
visit www.maxar.com.

Forward-Looking Statements

Certain statements and other information included in this release
constitute “forward-looking information” or “forward-looking statements”
(collectively, “forward-looking statements”) under applicable securities
laws. Statements including words such as “may”, “will”, “could”,
“should”, “would”, “plan”, “potential”, “intend”, “anticipate”,
“believe”, “estimate” or “expect” and other words, terms and phrases of
similar meaning are often intended to identify forward-looking
statements, although not all forward-looking statements contain these
identifying words. Forward-looking statements involve estimates,
expectations, projections, goals, forecasts, assumptions, risks and
uncertainties, as well as other statements referring to or including
forward-looking information included in this presentation.

Forward-looking statements are subject to various risks and
uncertainties which could cause actual results to differ materially from
the anticipated results or expectations expressed in this presentation.
As a result, although management of the Company believes that the
expectations and assumptions on which such forward-looking statements
are based are reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no assurance
that they will prove to be correct. The risks that could cause actual
results to differ materially from current expectations include, but are
not limited to, the risk factors and other disclosures about the Company
and its business included in the Company’s continuous disclosure
materials filed from time to time with U.S. securities and Canadian
regulatory authorities, which are available online under the Company’s
EDGAR profile at www.sec.gov,
under the Company’s SEDAR profile at www.sedar.com or
on the Company’s website at www.maxar.com.

The forward-looking statements contained in this release are expressly
qualified in their entirety by the foregoing cautionary statements. All
such forward-looking statements are based upon data available as of the
date of this presentation or other specified date and speak only as of
such date. The Company disclaims any intention or obligation to update
or revise any forward-looking statements in this presentation as a
result of new information or future events, except as may be required
under applicable securities legislation.

Contacts

Media Contact
Omar Mahmoud
Maxar Media Relations
1-650-852-5388
omar.mahmoud@maxar.com

Investor
Relations Contact

Jason Gursky
Maxar VP Investor Relations
1-303-684-2207
jason.gursky@maxar.com

Cannabis

IMCC Appoints Yaron Berger as CEO of IMC Holdings

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Photo source: deutschlandfunkkultur.de

 

IM Cannabis Corp. (the “Company” or “IMCC”) (CSE: IMCC), one of the world’s pioneering medical cannabis companies with operations across Europe, is pleased to announce the appointment of Yaron Berger as Chief Executive Officer of I.M.C. Holdings Ltd. (“IMC“), the Company’s wholly-owned operating subsidiary in IsraelOren Shuster will remain the Chief Executive Officer of IM Cannabis Corp.

Mr. Berger brings more than 10 years of experience in various senior roles both in public and private sectors, leading large-scale operations. Most recently, Mr. Berger was the Chief Executive Officer of Telepharma Ltd. (“Telepharma,” doing business as epharma), a leading wholesaler, direct marketer of prescription drugs and chain of pharmacies in Israel. At Telepharma, among other accomplishments, Mr. Berger re-branded its digital platform and transformed the customer experience. As an early entrant into the medical cannabis sector, Mr. Berger also established Greenpharma under Telepharma, a full-service distributor, patient counselling service provider and online resource for medical cannabis patients in Israel. Prior to his experience in the pharmaceutical sector, Mr. Berger served as the Chief Operating Officer of the National Police Academy and spent over 20 years in the Israeli Air Force, most recently as a Lieutenant Colonel.

Oren Shuster, Chief Executive Officer of IMCC said “Yaron is uniquely qualified to lead our Israeli operations under the new medical cannabis regulatory regime, which requires a high level of engagement and education for the country’s pharmacists on the benefits of medical cannabis. Yaron was an early mover in identifying the opportunity in medical cannabis and we are very excited to benefit from his expertise in the pharmacy channel to maintain IMC’s status as a leading medical cannabis brand in Israel.”

“I am thrilled to be joining the IMC team, who I have known as a leader in the medical cannabis market in Israel over the past ten years,” said Mr. Berger. “The IMC brand is synonymous with quality and innovation. The new medical cannabis reform in Israel presents a significant opportunity for the Company and the IMC brand to further elevate its market position as the preferred medical cannabis brand for physicians, pharmacists and patients.”

 

SOURCE IM Cannabis Corp.

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Cannabis

LCBO’s bottom line proves privatized alcohol sales a bad idea: OPSEU’s Thomas

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Photo source: LCBO.com

The LCBO’s latest profits show the Crown corporation’s value to the people of Ontario, OPSEU President Warren (Smokey) Thomas said Friday.

In its 2018/2019 annual report released Thursday, the LCBO is reporting earnings of $2.37 billion on total revenue of $6.39 billion.

Thomas said those profits go to the provincial government and pay for vital public services like health, education and highways.

“This is why the Ford government should rethink allowing corner stores and grocery stores to sell more alcohol,” said Thomas.  “Is saving folks a 10 minute drive in some cases worth jeopardizing their health care?”

OPSEU represents LCBO workers and Thomas says these frontline professionals deserve the credit for the corporation’s continued success.

“The reason the LCBO is the gold standard in selling alcohol responsibly is because of OPSEU members who make sure alcohol isn’t sold to minors or intoxicated people,” said Thomas.

“They also provide customer service that is second to none and they’re the ones who have made the LCBO a success story.”

As he read the LCBO report, OPSEU First Vice-President/Treasurer Eduardo (Eddy) Almeida reflected on the Ford government’s decision to take the sale of legalized cannabis away from the Crown Corporation.

“Think of what the LCBO’s profits would have been if Premier Ford hadn’t scrapped the plan of the former Liberal government?” said Almeida.   “I’ve put together a lot of budgets and I know how tough an exercise it is.”

“It still makes me shake my head that a government that claimed it had catastrophic financial problems would turn down massive amounts of revenue and go on the misguided course that the Conservatives took. Really? Wow.”

Almeida says municipalities who voted to opt out of Doug Ford’s foolish cannabis privatization plan should stand firm and demand a responsible plan.

“The LCBO continues to prove it’s the best option to keep controlled substances out of the hands of minors,” said Almeida.  “Municipalities and Ontarians in general should continue to demand a responsible plan and just say no to Doug’s. After all, a little competition wouldn’t be a bad thing would it?”

SOURCE Ontario Public Service Employees Union (OPSEU)

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Cannabis

Base Oil Market Worth $39.6 Billion by 2024 – Exclusive Report by MarketsandMarkets™

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According to the new market research report Base Oil Market by Group (Group I, Group II, Group III, Group IV, Group V), Application (Automotive Oil, Industrial Oil, Hydraulic Oil, Grease, Metalworking Fluid), Region (North AmericaEuropeAsia PacificSouth America, MEA) – Global Forecast to 2024″, published by MarketsandMarkets, the Base Oil Market is projected to grow from USD 33.7 billion in 2019 to USD 39.6 billion by 2024, at a CAGR of 3.3% from 2019 to 2024. The growing demand for high-grade oils in the automotive industry, as well as the increasing GDP in Asia Pacific driven by increasing industrial activities are key factors fuelling the growth of the base oil market across the globe.

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Browse in-depth TOC on “Base Oil Market”
150 – Tables
110 – Figures
480 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/base-oil-market-203695851.html

Group II segment to lead the base oil industry from 2019 to 2024

Based on group, the base oil market has been segmented into Group I, Group II, Group III, Group IV, and Group V. The Group II segment accounted for the major share of the market in 2018. Group II base oil can be employed in a multitude of applications, such as marine and gas engines, in trunk piston engine oils, and other applications in the base oil industry. The high consumption of Group II base oil is mainly attributed to its higher performance and affordability in comparison to the other groups of base oil. Thus, the Group II segment is likely to lead the market during the forecast period.

Automotive oil application segment to lead the base oil market during the forecast period

Based on application, the automotive oil segment led the base oil industry in 2018. This segment is also expected to witness significant growth during the forecast period owing to the rise of the automotive sector in developing countries, such as India and China. Population growth in the Asia Pacific region is increasing the demand for automobiles, which is, in turn, driving the market for automotive oils.

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Asia Pacific base oil market projected to witness the highest CAGR

Among regions, the Asia Pacific base oil market is projected to register the highest CAGR from 2019 to 2024. IndiaChinaIndonesia, and Japan are key countries contributing to the increased demand for lubricants, and in effect base oil, in this region. Increasing GDP led by the rising industrial activities in Asia Pacific has increased the demand for base oil in the region. The growth of transportation, power generation, mining, and other sectors is also responsible for the rise in demand for base oil in the Asia Pacific region.

Chevron Corporation (US), Exxon Mobil Corporation (US), S-OIL Corporation (South Korea), Motiva Enterprises LLC (US), SK innovation Co., Ltd. (South Korea), Royal Dutch Shell plc (Netherlands), Neste Oyj (Finland), AVISTA OIL AG (Germany), Nynas AB (Sweden), Repsol S.A. (Spain), Ergon, Inc. (US), Calumet Specialty Products Partners, L.P. (US), H&R Group (Germany), Sinopec Corp. (China), PetroChina Company Limited (China), Saudi Aramco (Saudi Arabia), Abu Dhabi National Oil Company (ADNOC) (UAE), PT Pertamina (Persero) (Indonesia), Phillips 66 (US), Petroliam Nasional Berhad (PETRONAS) (Malaysia), GRUPA LOTOS S.A. (Poland), Sepahan Oil (Iran), GS Caltex Corporation (South Korea), and Hindustan Petroleum Corporation Limited or HPCL (India) are some of the leading players operating in the Base Oil Market. These players have adopted the strategies of agreements, expansions, new product launches, acquisitions, collaborations, contracts, investments, and divestments to enhance their position in the market.

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Related Reports :

Lubricants Market

by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), Application (Transportation and Industrial lubricants), Region – Global Forecast to 2024

Industrial Lubricants Market by Base oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Hydraulic Fluid, Metalworking Fluid), End-use Industry (Construction, Metal & Mining, Power Generation, Food Processing), Region – Global Forecast to 2024

 

SOURCE MarketsandMarkets

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