fortune of ox in 2024
Funding fuels production ramp-up at U.S.-based facility, bringing advanced lead detection and smart home technology to market SCOTTSDALE, Ariz. , Dec. 10, 2024 /PRNewswire/ -- Notation Labs Inc. announced today the successful completion of a $2 million credit facility to scale up production of its innovative QwelTM smart home device. This funding provides the company with the financial flexibility and liquidity needed to expand manufacturing capacity and meet increasing customer demand as it prepares for market launch. The company has already initiated component procurement and manufacturing, including the order of 20,000 circuit boards from U.S.-based suppliers. Final assembly of the initial Qwel units will take place at the company's facility in Phoenix, Arizona . What Is Qwel TM ? QwelTM is a cutting-edge leak detection and prevention system designed to safeguard homes with advanced AI and machine learning technology. Its highly accurate sensors monitor critical factors like water pressure, temperature, flow rate and humidity to provide comprehensive protection. For more information about QwelTM or to stay updated on its release, visit https://www.qwel.io/ . About Notation Labs, Inc.: Notation Labs designs, engineers, and manufactures innovative smart water solutions to deliver high-quality products that empower homeowners. With a suite of advanced technologies, the company helps educate consumers on water conservation and equips them to make sustainable choices in their everyday lives. Driven by a mission to protect water resources for future generations, Notation Labs is at the forefront of water conservation efforts, leveraging breakthroughs in AI, machine learning, and Internet of Things (IoT) technology. The company is committed to making cutting-edge, water-saving devices that are not only highly effective but also affordable and accessible to households worldwide. By combining engineering excellence with a focus on sustainability, Notation Labs is redefining how consumers manage and conserve water. View original content: https://www.prnewswire.com/news-releases/notation-labs-secures-2-million-credit-facility-to-accelerate-production-of-qwel-a-cutting-edge-lead-detection-and-prevention-system-302328185.html SOURCE Notation Labs, Inc.
NEW YORK (AP) — Shohei Ohtani wins his third MVP and first in the NL following a historic offensive season with the Los Angeles Dodgers.
Marta's magic helped get the Pride to Saturday's NWSL title game against the Washington SpiritShares of Applied Optoelectronics tumbled over 8% in mid-day trading on Tuesday, to levels last seen on Nov. 20, after B. Riley downgraded the stock. The brokerage revised its rating on the stock to ‘Sell’ from ‘Neutral,’ keeping the price target of $14. B. Riley expressed concerns about a slowdown in demand for 400 Gigabit Ethernet (G) technology, a key revenue driver for AAOI. The brokerage flagged that without qualification of the faster 800G technology by hyperscalers — large-scale cloud service providers — Applied Optoelectronics could struggle to sustain its quarterly revenue of approximately $100 million, most of which currently comes from its cable TV business. The downgrade also highlighted broader market challenges like the shift to 800G requiring significant infrastructure investment, and the IEEE’s ongoing efforts to establish 800G standards suggest it may take time for widespread adoption. Many hyperscale data centers are still transitioning to 400G technology, a mature and proven standard. Meanwhile, competing technologies like 1.6 Terabit Ethernet (1.6T) are already under development, potentially delaying the industry's move to 800G. Retail sentiment around the stock dipped to ‘bearish’ (29/100) from ‘neutral’ a day ago with chatter remaining in the ‘normal’ territory. Some users on Stocktwits anticipated the stock to fall amid increasing volatility and the bearish trend in the broader technology sector due to Nvidia’s regulatory hurdles. Despite the day's losses, Applied Optoelectronics remains up nearly 79% year-to-date, reflecting earlier gains from optimism around its technology roadmap. Read also: TSMC Stock Slips As Monthly Revenue Declines Despite 34% Annual Jump: Retail Chatter Soars
Justice Dept., Google make closing arguments in ad-market antitrust caseIGP Rolls Out Scorecard For 2024
Ferrari, an iconic name in luxury automobiles, will continue manufacturing its vehicles in its Maranello headquarters, including the highly anticipated electric model set for release next year. This was confirmed by CEO Benedetto Vigna at the Reuters NEXT conference in New York. Despite potential tariffs introduced under Donald Trump's presidency, Vigna emphasized, 'We make cars in Maranello.' He expressed confidence that demand will remain strong, noting the firm's resilience in facing new regulatory challenges. Stepping into the future, Ferrari plans to unveil its first electric car in late 2025 with pricing reflective of its brand's prestige. Meanwhile, the company expands its offerings to accept cryptocurrency payments, while steering clear of direct investments in them. Additionally, Ferrari announced a collaboration with Cadillac's Formula One team, supplying engines and gearboxes from 2026, marking its continued presence in the racing arena. (With inputs from agencies.)It’s getting harder to stay on the PGA Tour. Here’s why.New 'Totoro' and 'Spirited Away' Christmas cakes let you taste the anime magic of Studio Ghibli
