Latest news with #AAC
Business Standard
20 hours ago
- Business
- Business Standard
AAC Wall Panels Set New Benchmark over Mivan Systems
New Delhi [India], July 18: Magicrete strengthens its leadership in advanced building solutions with AAC Wall Panels offering unmatched speed, durability, and sustainability in India's high-rise and infrastructure landscape. As India's infrastructure and real estate sectors evolve to meet the challenges of rapid urbanization, the need for efficient, scalable, and environmentally responsible construction systems has never been greater. Magicrete, a leader in modular construction technologies, is driving this transformation with its Autoclaved Aerated Concrete (AAC) Wall Panels — emerging as a superior alternative to Mivan construction systems. While formwork technology also commonly known as Mivan Construction gained early popularity for high-rise construction due to its aluminum formwork system and monolithic concrete finish, the inherent limitations of the system, including high upfront costs, restricted design flexibility, poor thermal insulation (U ≈ 2.1 W/m²K) have become more pronounced. In contrast, Magicrete's AAC Wall Panels offer a future-ready solution that blends speed, thermal comfort, fire safety, and design adaptability. AAC Wall Panels: Present and Future of Wall Construction in India Magicrete AAC Wall Panels are lightweight, full-height panels made using process similar to AAC Blocks. Reinforced with corrosion-protected steel and cured under high-pressure steam in autoclaves, these panels develop a unique cellular microstructure that delivers exceptional strength, thermal insulation, and fire resistance. Key advantages include: Construction up to 16 times faster than traditional brickwork, with seamless dry installation. 4-hour fire rating, among the highest for walling materials, ensuring safety in critical infrastructure. Superior thermal insulation (U ≈ 0.16 W/m²K), significantly reducing HVAC load and operational energy costs. GRIHA certification and conformance with IS 6072, underscoring their environmental and structural credibility. Low dead load, reducing structural costs by 15% and enhancing earthquake resilience. Proven Performance Across High-Stakes Projects Magicrete's walling solutions have been trusted by leading developers and corporations in India for demanding infrastructure like data centres, hospitals, industrial buildings, and institutional campuses. In the STT Pune data centre, the panels enabled the project to recover from a six-month delay by accelerating wall installation without compromising fire or thermal safety. Other high-profile deployments include Foxconn, where Magicrete's walling systems delivered speed and durability. Overcoming Connectivity and Comfort Challenges of Dense Concrete Walls In an era dominated by smart homes and high-speed digital connectivity, Mivan-built dense concrete walls often hinder mobile and Wi-Fi signal penetration, a growing concern in urban projects. Magicrete AAC Panels, due to their porous matrix, allow superior signal transmission while also offering better indoor air quality and comfort, even in India's extreme climates. Minimizing Heat Island Effect Urban developments are increasingly challenged by the urban heat island (UHI) effect, where built-up areas experience significantly higher temperatures due to heat retention in concrete-heavy structures. This phenomenon leads to higher indoor temperatures and energy usage. Magicrete's AAC Wall Panels offer a high-performance alternative with remarkably low thermal conductivity (U-value ≈ 0.16 W/m²K), nearly 13 times better insulation than dense concrete walls used in systems like Mivan (U-value ≈ 2.1 W/m²K). Their aerated structure reduces heat ingress, lowers HVAC costs by 30%, and supports a greener, more energy efficient building envelope. Alignment with National Policies for Sustainable Construction Magicrete's AAC solutions are fully aligned with national mandates such as the National Building Code (NBC) 2016 and Energy Conservation Building Code (ECBC), making them ideal for projects targeting energy efficiency requirements. 'India is at the cusp of a construction revolution,' says Sourabh Bansal, Managing Director, Magicrete. 'The demand is shifting from conventional methods to modern materials that are fast, compliant, and climate-responsive. Our AAC Wall Panels not only meet but exceed these expectations across segments, from data centers to affordable housing. The future of Indian construction will be faster, safer, and greener, and we are proud to be leading that change. About Magicrete Magicrete is one of India's leading manufacturers of AAC blocks and wall panels, precast construction systems, and construction chemicals. With a strong presence across residential, commercial, industrial, and infrastructure segments, Magicrete is committed to transforming construction through quality, speed, and sustainability. Beyond wall panels, Magicrete is contributing to India's mass housing vision. Through its Lighthouse Project in Ranchi awarded by MoHUA, Magicrete deployed 3D Modular Precast Technology to construct 1,000 homes in just 18 months, demonstrating the power of prefabricated solutions in addressing housing demand at scale. You can also find a Magicrete dealer near you for your project needs.
Yahoo
2 days ago
- Business
- Yahoo
Ambac Reports That the Wisconsin Office of the Commissioner of Insurance Has Scheduled a Hearing on the Sale of Ambac's Legacy Business
NEW YORK, July 17, 2025--(BUSINESS WIRE)--Ambac Financial Group ("Ambac") (NYSE: AMBC), an insurance holding company, today reported that the Wisconsin Office of the Commissioner of Insurance ("OCI") has scheduled a hearing on the sale of Ambac Assurance Corporation ("AAC") (the "Sale"). The hearing will take place on September 3, 2025, at 9 a.m. CT. The OCI has also scheduled a pre-hearing conference relating to the Sale to take place on August 4, 2025, at 3 p.m. CT. Further information may be obtained on the OCI's website at "We are pleased that a hearing date has been set, one of the final steps in the Wisconsin regulatory approval process," Ambac President and CEO Claude LeBlanc said. "We are eager to complete the Sale and cement our transformation into a pure-play specialty P&C insurance platform." About Ambac Ambac Financial Group, Inc. ("Ambac" or "AFG") is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialty P&C distribution and underwriting platform. Ambac also has a legacy financial guaranty business in run off. Ambac's common stock trades on the New York Stock Exchange under the symbol "AMBC". Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information. For more information, please go to The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest. View source version on Contacts Investors:Charles J. SebaskiManaging Director, Investor Relations(212) 208-3177csebaski@ Media:Kate SmithDirector, Corporate Communications(212) 208-3452ksmith@
Globe and Mail
2 days ago
- Business
- Globe and Mail
Ambac Reports That the Wisconsin Office of the Commissioner of Insurance Has Scheduled a Hearing on the Sale of Ambac's Legacy Business
Ambac Financial Group ('Ambac') (NYSE: AMBC), an insurance holding company, today reported that the Wisconsin Office of the Commissioner of Insurance ('OCI') has scheduled a hearing on the sale of Ambac Assurance Corporation ('AAC') (the 'Sale'). The hearing will take place on September 3, 2025, at 9 a.m. CT. The OCI has also scheduled a pre-hearing conference relating to the Sale to take place on August 4, 2025, at 3 p.m. CT. Further information may be obtained on the OCI's website at 'We are pleased that a hearing date has been set, one of the final steps in the Wisconsin regulatory approval process,' Ambac President and CEO Claude LeBlanc said. 'We are eager to complete the Sale and cement our transformation into a pure-play specialty P&C insurance platform.' About Ambac Ambac Financial Group, Inc. ('Ambac' or 'AFG') is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialty P&C distribution and underwriting platform. Ambac also has a legacy financial guaranty business in run off. Ambac's common stock trades on the New York Stock Exchange under the symbol 'AMBC'. Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information. For more information, please go to The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest.
Stuff.tv
4 days ago
- Stuff.tv
This dinky Bluetooth speaker could be the most affordable rugged option
As good as the best Bluetooth speakers are, I can't say that they always survive for very long. And while there are rugged options to pick from, they often cost a fair bit more. But Tribit's dinky new StormBox Mini Plus Bluetooth speaker promises to survive most things you could throw at it for less than $40/£40. The StormBox Mini Plus offers a fair bit of kick to this pint-sized package. You get 360-degree surround sound through a pair of 48mm full-range drivers and a passive radiator. The 12W output won't shake the walls, but for a speaker that weighs about the same as a pair of socks, it's more than enough. But if you do need more, pair up a second unit and you've got a stereo system. Plus, it's got AAC and SBC codec support – so iPhone and Android users both get decent sound quality. But the big selling factor here is that its properly waterproof. With an IPX7 rating, you could lob it in a paddling pool, fish it out later and it would still belt out your playlist like nothing happened. Plus, the rubber strap makes it super easy to clip this thing on the back of your bag and take it with you wherever you'd like. The LED lights built-in are either brilliant or completely unnecessary, depending on your tolerance for blinking colours. But they can pulse in time with your music, which gives the whole thing a festive twist – and you can switch them off if you've had enough. You get up to 12 hours of battery life, provided you don't go mad with the volume or the LEDs. That's more than enough for a full day of tunes before it needs a 2.5-hour charge via USB-C. With the latest Bluetooth 5.4 under the hood, pairing it with your phone or tablet is frictionless. The Tribit app gives you EQ presets and manual controls, which is rare in a Bluetooth speaker this cheap. There's even a 3.5mm AUX input and an integrated mic for shouting 'OK Google' at your speaker. Available to order now, the StormBox Mini Plus comes in black, blue or green. It'll set you back $39/£32/€37 and you can order it directly from the brand or from third-party retailers like Amazon. That's not bad at all for what might be the most affordable rugged speaker option knocking about right now.
Yahoo
5 days ago
- Business
- Yahoo
Avant Technologies and JV Partner, Ainnova, Complete Pivotal Meeting with U.S. FDA
LAS VEGAS, July 15, 2025 /CNW/ -- Avant Technologies Inc. (OTCQB: AVAI) ("Avant" or the "Company"), and its JV partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced the completion of its milestone meeting with the U.S. Food and Drug Administration (FDA). The pre-submission meeting allowed Ainnova and its Contract Research Organization (CRO), Fortrea, to present and discuss Ainnova's planned clinical trial for its Vision AI platform in the early detection of diabetic retinopathy and receive critical feedback from the FDA. Ainnova's clinical trial will be conducted exclusively in the United States and focus solely on diabetic retinopathy. The FDA has now provided the Company with valuable guidance on its clinical protocol, the number and type of clinics Ainnova will need to conduct a successful clinical trial, the number of retinologists required to examine the images generated by Ainnova's Vision AI, etc. With the FDA's recommendations, the Company can now actively plan for the total cost of conducting this planned clinical trial through to completion. Data from Ainnova's trial will support the Company's FDA 510(k) submission to obtain clearance from the FDA to market the Vision AI technology in the United States. Vinicio Vargas, Chief Executive Officer at Ainnova and a member of the Board of Directors of Ai-nova Acquisition Corp. (AAC), the company formed by the partnership between Avant and Ainnova to advance and commercialize Ainnova's technology portfolio, said, "We're truly excited about this next phase. We're getting ready to begin data collection across primary care clinics in the U.S. with a study that is simple, yet rigorous - comparing our AI-based retinal screening to the readings of three retinologists. "This milestone not only brings us closer to validating our platform in the world's largest healthcare market, but it also paves the way for the upcoming approval of our new automated retinal camera, which we believe will be a game changer - making diabetic retinal screenings faster, more accessible, and available from virtually any point of care." AAC has the worldwide licensing rights for Ainnova's technology portfolio. The licensing rights include the U.S., where the FDA regulates drug and medical device development, so the success of Ainnova's clinical trial is paramount to marketing the technology portfolio in the United States. Entering the U.S. market will unlock significant commercial potential, and this early engagement with the FDA ensures AAC can do so with speed, credibility, and a validated product. About Ainnova Tech, Inc. Ainnova is a Nevada-based healthtech startup with headquarters in San Jose, Costa Rica, and Houston, Texas. Founded by an experienced and innovative team that is dedicated to leveraging artificial intelligence for early disease detection. Recognized with multiple global awards and renowned partnerships with hospitals and medical device companies, we proudly introduce Vision AI – our cutting-edge platform designed to prevent blindness and detect the early onset of diabetes. Explore how Ainnova is revolutionizing healthcare through advanced technology and proactive solutions. About Avant Technologies Inc. Avant Technologies Inc. is an emerging technology company developing solutions in healthcare using artificial intelligence and biotechnologies. With a focus on pushing the boundaries of what is possible in AI and biotechnology, Avant serves a diverse range of industries, driving progress and efficiency through state-of-the-art technology. More information about Avant can be found at You can also follow us on social media at: Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release. Contact: Avant Technologies Logo - View original content to download multimedia: SOURCE Avant Technologies Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
