Day: November 16, 2023

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Motorola Solutions Sharpens Focus on Safety and Security

Company building safety and security ecosystem to connect public safety agencies and enterprises to help protect people, property and places

NEW YORK, USA – EQS Newswire – 16 November 2023 – Motorola Solutions (www.MotorolaSolutions.com) proudly rang the opening bell at the New York Stock Exchange, celebrating its continued, purposeful transformation centered on safety and security. Yesterday, the company announced its new brand narrative, ‘Solving for safer,’ which highlights its sharpened focus on solving for safer communities, safer schools and safer businesses. 

“From our storied history, today we bridge to an even stronger future. Everyone is entitled to feel safe in their community, school and workplace, but that often isn’t the reality,” said Greg Brown, chairman and CEO of Motorola Solutions. “How Motorola Solutions is helping keep people, property and places safe is far more comprehensive than ever. While we recognize technology is not the only way to a safer future, it does play a vital role, and it’s our purpose to make that technology the best it can be.”

Motorola Solutions, traditionally known for public safety communications, has invested about $12B in organic R&D and acquisitions over the past nine years to create a robust technology portfolio spanning mission-critical communications, video security & access control and command center solutions powered by artificial intelligence. These solutions enable more powerful collaboration between public safety agencies and enterprises, connecting those in need with those who can help. For example, a school teacher can press a panic button on a phone during an emergency which can automatically notify law enforcement, trigger a lockdown, share live video feeds with first responders and send mass notifications. 

Motorola Solutions’ transformation focusing on public safety and enterprise security has led to a sizable increase in its total addressable market which is expected to be $66 billion next year. In addition, its growth in video security, access control, command center and services is significant and now accounts for approximately 50% of company revenue.  To learn more about Motorola Solutions’ safety and security ecosystem, please visit: https://apo-opa.co/3sDpg6x. 

Distributed by APO Group on behalf of Motorola Solutions.

Download image: https://apo-opa.co/3QH7SWH

Media contact:
Elvan Lindberg
Motorola Solutions
Mobiltelefon: +46 707 448893
E-post: elvan.lindberg@motorolasolutions.com

About Motorola Solutions

Motorola Solutions is solving for safer. We build and connect technologies to help protect people, property and places. Our solutions enable the collaboration between public safety agencies and enterprises that’s critical for a proactive approach to safety and security. Learn more about how we’re solving for safer communities, safer schools, safer hospitals, safer businesses – safer everywhere – at www.MotorolaSolutions.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. These forward-looking statements are statements other than statements of historical fact and may include, among other things, statements in relation to the company’s current expectations regarding its 2024 total addressable market. All information set forth in this release is as of the date hereof. The company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Actual results are subject to a number of risks and uncertainties and may differ materially from the current expectations and beliefs discussed in this press release. Certain potential factors, risks and uncertainties that could affect the company’s business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements include those under the heading “Risk Factors” in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, each of which is on file with the Securities and Exchange Commission (“SEC”) and available at the SEC’s website at www.SEC.gov.

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Duck Creek Pioneers the Next Era of Cloud-Based Technology for P&C Insurers Through Microsoft Azure OpenAI Service

Incorporating Azure OpenAI Service and using Duck Creek’s low-code platform empowers insurers to modernize responsibly

BOSTON, Nov. 16, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces a breakthrough initiative in collaboration with Microsoft. This collaboration is poised to empower insurers to reimagine their businesses by facilitating smoother implementation processes and faster speed to market through the aid of generative artificial intelligence (AI)—a transformative technology that enables the creation of innovative applications and low-code solutions.

Duck Creek’s comprehensive platform is built on Microsoft Azure, the preferred technology for harnessing the power of Azure OpenAI Service, as large language models (LLMs) continue to redefine and shape the technology landscape. This represents a significant leap forward in the insurance sector, fostering innovation and efficiency that promises to influence how insurers conduct their business and engage with customers. By merging Duck Creek’s expertise in insurance solutions with the cutting-edge capabilities of Microsoft, this collaboration aims to create a brighter and more agile future for the entire insurance industry.

“Generative AI is a truly transformative technology, and our valued customers will benefit immensely from its powerful capabilities as we continue to drive the modernization of the insurance industry. Our objective is to empower insurers to innovate products faster and assist employees with AI tools,” said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies. “This marks the next chapter in the evolution of our longstanding partnership, where we are pioneering in the space by uniting the exceptional talent of Microsoft and Duck Creek to develop cutting-edge technology solutions for the P&C and general insurance industries. In doing so, we are committed to spearheading the insurance industry’s embrace of generative AI and solving the innovation challenges insurers face—all while upholding the highest standards of regulatory compliance and ethical responsibility.”

Duck Creek is harnessing this emerging technology to curate innovative solutions for insurers, helping them embrace the future of technology with:

  • Copilot solutions powered by near-real-time data, which empowers insurers to make informed decisions and respond to changing market conditions swiftly and effectively.
  • Enhanced productivity tools that improve efficiency and productivity throughout the insurance ecosystem, designed to benefit consumers, agents, underwriters, and claim adjusters.
  • The next era of low-code configurator tools that simplify the development and adoption of insurance products, enabling insurers to expedite their time-to-market for both new and ongoing configurations.

“Duck Creek will continue advancing how it brings responsible AI to the insurance industry and enables a rapid business transformation toward humanized experiences,” said Jess Keeney, Chief Product & Technology Officer, Duck Creek Technologies. “We are consistently assessing how our solutions can more seamlessly integrate into our customers’ operational landscapes, and we are dedicated to delivering meaningful outcomes and addressing significant business challenges. Both Duck Creek and Microsoft share a common dedication to enhancing the customer journey across the entire insurance lifecycle. This marks a significant evolution in how underwriters leverage consumer data and conduct risk analysis, the efficiency of claims handling, fraud detection, and the industry’s ability to meet customer needs and adapt to feedback promptly.”

“Innovative insurers want to move quickly to use the power of generative AI to drive demonstrable business value,” said Bill Borden, CVP for Worldwide Financial Services at Microsoft. “We’re excited to deepen our collaboration with Duck Creek to deliver new generative AI-powered capabilities to help our joint insurance customers drive marked improvements in employee productivity, reinvent customer engagement, and bend the curve on innovation – both securely and responsibly.”

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8980331

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Pacific Green Acquires Five Battery Energy Storage Developments in Italy Totaling 500MW / 2,800MWh

Dover, DE, Nov. 16, 2023 (GLOBE NEWSWIRE) —  Pacific Green Battery Energy Park (Italia) Srl, a wholly-owned subsidiary of Pacific Green Technologies, Inc. (the “Company” or “Pacific Green”, (OTCQB: PGTK)) announces that it has acquired 51% of the shares in five Italian projects (the “Projects”) from Sphera Energy Srl. The remaining 49% of the shares of each Project will be acquired on achievement of certain development milestones.

The first 100MW battery energy storage system (“BESS”) project in Campania has been submitted to The Ministry of Environment and Energy Security for permitting and the remaining four will be finalized in the coming months. Final permitting for all five projects is anticipated in Q4 2024, with design and construction to be managed by Pacific Green. The projects will begin their 35 year operating life in late 2025.

Mahael Fedele, Sphera Energy’s Partner & CEO, said: “Following our launch 12 months ago as one of Italy’s first fully dedicated battery storage development platforms, we are thrilled to enter into this partnership with Pacific Green to deliver high quality projects in the rapidly growing Italian energy storage market”

Scott Poulter, Pacific Green’s Chief Executive, added: “Building upon our success with the development and sale of Pacific Green’s 100MWh Richborough Energy Park and the development of the 375MWh Sheaf Energy in the UK, Italy represents the next step in Pacific Green’s European expansion into other markets where battery assets will be key in enabling National and EU Net-Zero targets. In Italy, where market conditions favor longer duration projects, we expect this portfolio to have an energy capacity of between two to three gigawatt hours.

About Pacific Green Technologies, Inc.:

Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. It offers grid-scale battery energy storage systems, renewable and environmental technologies.

For more information, visit Pacific Green’s website:
www.pacificgreen.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of the Project, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of the Project, general economic and political conditions, and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659
info@pacificgreen.com

GlobeNewswire Distribution ID 8980840

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Misk Foundation Partners with Mohammed bin Rashid Knowledge Foundation

Diriyah - On the sidelines of the Misk Global Forum, the Prince Mohammed bin Salman Foundation (Misk) has signed a partnership agreement with the Mohammed bin Rashid Al Maktoum Knowledge Foundation. The forum, held in Diriyah's historic Al-Bujairi district under the theme “Think and Impact,” brought together global leaders, thinkers, innovators, and creators.

According to Saudi Press Agency, The agreement, aimed at enhancing strategic collaboration and integrating efforts to benefit young individuals, was signed by Misk's Executive Vice President Eng. Omar Najjar and the Mohammed Rashid Al Maktoum Foundation's Executive Director Jamal bin Juwaireb.

This partnership focuses on launching initiatives and training 300 young men and women in various skills, using training materials developed in cooperation with Coursera and the United Nations Development Program. It also includes providing programs to bolster Arab youth's cognitive capabilities, thus empowering beneficiaries in pivotal areas.

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Pakistan Reiterates Support for Palestine, Urges Action on Israeli Aggression

Islamabad - Pakistan has expressed strong support for the joint statement issued by the recent Arab-Islamic Extraordinary Summit in Riyadh. The statement calls for the United Nations Security Council to enforce UN resolutions against Israel, demands the cessation of weapon exports to the Israeli occupation, and seeks an International Criminal Court (ICC) investigation into alleged Israeli crimes.

According to Saudi Press Agency, Mumtaz Zahra Baloch, the spokesperson for the Pakistani Foreign Ministry, during a press briefing in Islamabad, condemned Israel's recurrent attacks on facilities and personnel of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) and other humanitarian bodies, including the Qatari Committee for the Reconstruction of Gaza's headquarters. Baloch emphasized the need for immediate, collective, and decisive international action to halt Israeli occupation forces' ongoing aggression and hold Israel accountable for war crimes in occupied Palestine.

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SPA Pavilion Draws Significant Interest at Global Media Congress in Abu Dhabi

Abu Dhabi - The Saudi Press Agency (SPA) is participating in the Global Congress on Media in Abu Dhabi, United Arab Emirates, where its exhibition pavilion has attracted a large number of visitors and institutions.

According to Saudi Press Agency, Visitors to the SPA pavilion were introduced to the agency’s history, development, and current media operations. The exhibition showcased SPA's diverse journalistic content, produced in multiple languages, and the range of services offered to its subscribers.

The pavilion also provided insights into the history of Umm Al-Qura newspaper, Saudi Arabia's first official newspaper, and the historical ties among Gulf Cooperation Council (GCC) states. SPA's participation, under the aegis of the GCC Secretariat General, highlights its role in delivering diverse, accurate, and objective news content, utilizing modern technologies, and fulfilling its informative mission.

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