Latest news with #ACES
Yahoo
8 hours ago
- Automotive
- Yahoo
Lucid Sets Sights On Collectors And Connoisseurs At Monterey Car Week
Lucid Group (NASDAQ:LCID) shares rose Tuesday as the luxury EV maker revved up anticipation for Monterey Car Week 2025, unveiling plans for a new Gravity SUV–linked concept debut at Pebble Beach alongside public test drives of both its Air sedan and upcoming Gravity model. The concept is slated for the Concept Lawn during the 74th Pebble Beach Concours d'Elegance on Sunday, August 17, marking a showcase for the luxury EV maker. Lucid's Concours Village booth runs August 14 through August to Benzinga Pro, LCID stock has lost over 23% in the past year. Investors can gain exposure to the stock via ALPS Clean Energy ETF (NYSE:ACES). Showing on the Concept Lawn puts Lucid in front of collectors and connoisseurs who gather each year to see design directions and technology statements that preview what could reach the road. At the Concours Village, Lucid plans experiential activations that channel the "California Without Compromise" ethos, including wellness-focused refreshments, a chilled "cryo" pick-me-up, and a fragrance-led journey inspired by redwood forests and rugged coastline, touchpoints meant to reflect Gravity's interior mood boards. For the first time during Monterey Car Week, Lucid said it will offer demonstration drives of both models. Gravity seat time is expected to highlight utility and ride refinement, while Air continues to emphasize flagship efficiency and performance for luxury-sedan shoppers. On August 5, Lucid reported second-quarter revenue of $259.4 million, missing analyst estimates of $296.24 million, according to Benzinga Pro. The EV company reported a second-quarter adjusted loss of 24 cents per share, missing estimates for a loss of 21 cents per share. Lucid said it produced 3,863 vehicles in the second quarter and delivered 3,309 vehicles. Year-to-date, Lucid has now produced 6,075 vehicles and delivered 6,418 vehicles. Lucid lowered its total production forecast for 2025 from approximately 20,000 vehicles to a range of 18,000 to 20,000 vehicles. Price Action: LCID shares are trading higher by 2.28% to $2.240 at last check Tuesday. Read Next:Photo by Michael Berlfein via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Lucid Sets Sights On Collectors And Connoisseurs At Monterey Car Week originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Business Standard
18-07-2025
- Business
- Business Standard
ACES Signs Landmark Agreement with BMRCL to Build 4G/5G-Ready Neutral Host Telecom Infrastructure Across Namma Metro
PRNewswire Bangalore (Karnataka) [India], July 18: ACES India Private Limited, a wholly owned subsidiary of Saudi Arabia-based Advanced Communications and Electronics Systems Company (ACES), has signed a strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to implement advanced Telecom infrastructure across the Namma Metro network. Following a competitive bidding process and formal Letter of Acceptance earlier this year, this long-term partnership will enable ACES to deploy, operate, and maintain high-speed mobile infrastructure across 62 metro stations in Phase 1 and Phase 2. Enabling Seamless Connectivity for Over 300 million Annual Passengers The project will deliver reliable 4G and 5G mobile coverage across both elevated and underground sections of the metro, enhancing the daily commute experience for more than 300 million annual passengers. ACES will implement a shared Telecom infrastructure model that allows all telecom operators to offer seamless services through a single, efficient system. This model significantly reduces infrastructure duplication and lowers overall cost, while ensuring excellent network quality and fast roll-out across the metro network. Maheshwar Rao M, Managing Director of BMRCL, said: "This partnership is another step towards delivering future-ready mobility solutions while ensuring sustainability and operational efficiency. The new infrastructure will support multiple operators, reduce duplication, and enable faster roll-out of 4G/5G services. Commuters across these corridors can expect uninterrupted connectivity during their metro journeys." Reinforcing Digital Transformation in Indian Cities Dr. Akram Aburas, Group CEO of ACES, commented: "India is a vital part of our global growth strategy. This partnership with BMRCL reinforces our commitment to supporting digital transformation in Indian cities through robust telecom infrastructure." Mohammed N. Mazher, Managing Director, ACES India, added: "This agreement is a significant milestone in our India journey. We are proud to contribute to Bangalore's public infrastructure by providing a scalable, future-ready connectivity framework for Namma Metro." The 13-year agreement, with a potential 2-year extension, also supports India's broader push towards Digital India and smart mobility by embedding digital readiness into urban public transport. Strengthening ACES India's Metro Portfolio ACES continues to expand its footprint across India's urban mobility landscape. In addition to Namma Metro, the company is already working on key telecom infrastructure projects across Bangalore International Airport, Mumbai Metro Line 3, Noida International Airport, Surat Diamond Bourse, Kanpur Metro and Agra Metro. About ACES: ACES is a Saudi-headquartered digital infrastructure company with operations across the Middle East, Southeast Asia, and Europe. The company specializes in telecom infrastructure, smart cities, drones, private networks and data centers. Learn more at About BMRCL: Bangalore Metro Rail Corporation Limited (BMRCL) is a joint venture between the Government of India and the Government of Karnataka. It is responsible for the implementation and operation of the Namma Metro project. Learn more at Photo: Photo: Logo: Logo:
Yahoo
18-07-2025
- Science
- Yahoo
Corn genetics lab faces relocation, pending 2026 federal budget
URBANA, Ill. (WCIA) — One month ago WCIA reported that the University of Illinois' soybean collection facility might relocate to Missouri. Now, another agricultural research center might be forced to move to a bordering state as well. University of Illinois's National Soybean Germplasm Collection is the largest soybean seed bank in North America. The Maize Genetics Cooperation Stock Center houses more than 100,000 genetic corn mutants. Illini Solar Car team wins national competition The federal budget item would relocate the soybean collection to Columbia, Missouri and the corn stock center to Ames, Iowa — locations an Illinois professor said might be unfit to take care of them. 'They don't have the facilities right now and the capabilities right now to absorb that collection here from the University of Illinois,' said Dr. Martin Bohn, an associate professor in crop sciences. 'The research enterprise that we are engaged in, studying the genetics of important characteristics, you know, will be broken.' According to the College of ACES at the University of Illinois, the relocation would not save money for the federal government. Instead, it would cost more to relocate the facilities. They also said the item is being discussed in a senate appropriation committee and there's no timeline for when the center might have to move. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
The Wire
18-07-2025
- Business
- The Wire
ACES Signs Landmark Agreement with BMRCL to Build 4G/5G-Ready Neutral Host Telecom Infrastructure Across Namma Metro
BANGALORE, India, July 17, 2025 /PRNewswire/ -- ACES India Private Limited, a wholly owned subsidiary of Saudi Arabia-based Advanced Communications and Electronics Systems Company (ACES), has signed a strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to implement advanced Telecom infrastructure across the Namma Metro network. Following a competitive bidding process and formal Letter of Acceptance earlier this year, this long-term partnership will enable ACES to deploy, operate, and maintain high-speed mobile infrastructure across 62 metro stations in Phase 1 and Phase 2. Enabling Seamless Connectivity for Over 300 million Annual Passengers The project will deliver reliable 4G and 5G mobile coverage across both elevated and underground sections of the metro, enhancing the daily commute experience for more than 300 million annual passengers. ACES will implement a shared Telecom infrastructure model that allows all telecom operators to offer seamless services through a single, efficient system. This model significantly reduces infrastructure duplication and lowers overall cost, while ensuring excellent network quality and fast roll-out across the metro network. Maheshwar Rao M, Managing Director of BMRCL, said: "This partnership is another step towards delivering future-ready mobility solutions while ensuring sustainability and operational efficiency. The new infrastructure will support multiple operators, reduce duplication, and enable faster roll-out of 4G/5G services. Commuters across these corridors can expect uninterrupted connectivity during their metro journeys." Reinforcing Digital Transformation in Indian Cities Dr. Akram Aburas, Group CEO of ACES, commented: "India is a vital part of our global growth strategy. This partnership with BMRCL reinforces our commitment to supporting digital transformation in Indian cities through robust telecom infrastructure." Mohammed N. Mazher, Managing Director, ACES India, added: "This agreement is a significant milestone in our India journey. We are proud to contribute to Bangalore's public infrastructure by providing a scalable, future-ready connectivity framework for Namma Metro." The 13-year agreement, with a potential 2-year extension, also supports India's broader push towards Digital India and smart mobility by embedding digital readiness into urban public transport. Strengthening ACES India's Metro Portfolio ACES continues to expand its footprint across India's urban mobility landscape. In addition to Namma Metro, the company is already working on key telecom infrastructure projects across Bangalore International Airport, Mumbai Metro Line 3, Noida International Airport, Surat Diamond Bourse, Kanpur Metro and Agra Metro. About ACES: ACES is a Saudi-headquartered digital infrastructure company with operations across the Middle East, Southeast Asia, and Europe. The company specializes in telecom infrastructure, smart cities, drones, private networks and data centers. Learn more at About BMRCL: Bangalore Metro Rail Corporation Limited (BMRCL) is a joint venture between the Government of India and the Government of Karnataka. It is responsible for the implementation and operation of the Namma Metro project. Learn more at Photo: Photo: Logo: Logo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Zawya
14-07-2025
- Business
- Zawya
ACES lands subcontract for UAE-Oman rail project
ACES, a specialist in geotechnical engineering, construction material testing, special engineering studies, has been awarded a specialised pile testing contract as part of the UAE-Oman Railway Link, contributing to the delivery of a key cross-border infrastructure connection in the region. The scope of work includes bi-directional load testing, ultrasonic crosshole testing, caliper logging, and low strain impact integrity testing, delivered with the same precision, quality and technical standards that define its work across transportation and infrastructure sectors, said ACES Oman in a LinkedIn notification. The region's first cross border rail network, UAE-Oman Railway Link runs 238km long - from Sohar Port in Oman to Abu Dhabi in the UAE. The UAE-Oman railway network project marks a new era of progress and prosperity strengthening the historic relationship between the two countries. Hafeet Rail, a joint venture between Etihad Rail, Oman Rail and Mubadala Investment, will be responsible for the construction and operation of the $2.5 billion project. The railway network will include the construction of 60 bridges, some towering up to 34m in height.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
