Latest news with #AOI
Malaysian Reserve
14 hours ago
- Business
- Malaysian Reserve
Edelteq forms JV with Halo Tech to develop AI-driven inspection machines
EDELTEQ Holdings Bhd has entered into a joint venture with Penang-based Halo Technologies Sdn Bhd to develop and commercialise automated optical inspection (AOI) machines, targeting applications in the semiconductor and electronics manufacturing sectors. The agreement, signed today between Edelteq's wholly owned subsidiary Edelteq Ventures Sdn Bhd (EVSB) and Halo Technologies, will see the formation of a 50:50 joint venture company called Halovision System Sdn Bhd. With an initial paid-up capital of RM50,000, Halovision will focus on the research and development, manufacturing, and commercialisation of AOI systems, specifically for substrate panel (Raptor series) and semiconductor wafer-level (i-Falke series) inspection. 'This strategic partnership combines Edelteq's engineering and automation capabilities with Halo's artificial intelligence-based inspection technologies to tap into the growing demand for smart manufacturing solutions,' the company said in a filing with Bursa Malaysia. EVSB will fund its RM25,000 capital contribution via internally generated funds. Both parties have also agreed to grant exclusivity to the JV within the defined business scope and are barred from directly competing with it without written consent. Edelteq said the joint venture is aligned with its strategy to expand its high-tech product offerings and strengthen its presence in Industry 4.0. 'The JV is expected to enhance Edelteq's product portfolio, strengthen R&D capabilities, broaden its customer base, and provide new income streams over the long term,' it said. The collaboration is not expected to have any material effect on Edelteq's earnings or net assets for the financial year ending Dec 31, 2025. — TMR
Daily News Egypt
a day ago
- Business
- Daily News Egypt
Public Enterprises Ministry launches overhaul plan to modernize affiliated companies: El-Shimy
Minister of Public Enterprises Sector Mohamed El-Shimy has announced the implementation of a comprehensive modernization plan for companies affiliated with the ministry. The plan centers on digital transformation, technology localization, and advancing Egypt's industrial self-reliance by integrating smart manufacturing solutions and forging practical partnerships. El-Shimy made the announcement during a workshop on spare parts manufacturing using 3D printing and digital machining, held at the Digital Manufacturing Centre (DMC) inside the Engine Factory of the Arab Organization for Industrialization (AOI) in Helwan. The event was attended by AOI Chairperson Mokhtar Abdel Latif, Deputy Minister of Housing, Utilities, and Urban Communities Sayed Ismail, and representatives from Immensa, a company specialized in digital spare parts manufacturing using advanced 3D printing technologies. During the workshop, both El-Shimy and Abdel Latif emphasized the need to fully leverage national manufacturing capabilities and strengthen cooperation in the production of industrial spare parts through advanced technologies. These efforts are aligned with Egypt's Vision 2030 for sustainable development and industrial modernization. El-Shimy underscored the urgency of greater collaboration and integration across national industrial institutions. He stressed that adopting modern technologies—such as 3D printing—is now essential for enhancing Egypt's manufacturing competitiveness, reducing import dependency, and creating high-value employment opportunities. He also praised AOI's longstanding national role in supporting the state's strategy for modernization, renewal, and technology localization. El-Shimy described the workshop as a tangible step toward deepening industrial integration among government entities and promoting private sector cooperation in Egypt's digital transformation journey. AOI Chairperson Mokhtar Abdel Latif echoed these sentiments, highlighting that AOI had recognized the value of these emerging technologies early on and took proactive steps by establishing the DMC. The center is equipped with advanced global technologies and highly trained technical staff, aligning with Fourth Industrial Revolution standards. The DMC has successfully localized manufacturing technologies for pumps of various types and applications and is capable of meeting a wide range of industrial demands at globally competitive quality levels, Abdel Latif added. He affirmed AOI's readiness to enhance cooperation with both public and private sector entities, in coordination with academic and research institutions. The goal is to maximize the use of advanced capabilities at the DMC and across all AOI factories to address national industrial needs. A comprehensive inventory of spare part requirements is currently being compiled, with manufacturing plans already underway. Abdel Latif reaffirmed that AOI has all the capabilities needed to meet these demands using advanced manufacturing techniques, in line with President Abdel Fattah Al-Sisi's directives to raise the share of local manufacturing, localize strategic technologies, reduce imports, and promote the 'Made in Egypt' initiative. He explained that 3D printing and digital machining technologies enable on-demand, high-precision production of complex or obsolete spare parts that are often unavailable in the market. The technology has already proven effective across a wide range of sectors, including automotive, aerospace, industrial equipment, and medical devices.
Hans India
21-05-2025
- Health
- Hans India
American Oncology Institute (AOI) Guntur, Successfully Treats a Rare Case of Myasthenia Gravis with Thymoma
American Oncology Institute (AOI), a leading cancer hospital network in South Asia, successfully treated a 61-year-old patient, Vattivela Adinarayana, at its Guntur facility. The patient was diagnosed with Myasthenia Gravis with Thymoma, a rare autoimmune disorder associated with a tumor in the thymus gland (located in the chest, behind the breastbone, above the heart). He presented with classic symptoms of drooping eyelids and bulbar symptoms, including difficulty swallowing, which are key indicators of this condition. The patient underwent a minimally invasive surgical procedure called Right Video-Assisted Thoracoscopic Surgery (VATS) Thymectomy, performed by Dr Phanindra Kumar Nagisetty, Surgical Oncologist at AOI, Guntur. This advanced technique ensured precise removal of the thymoma with minimal discomfort and faster recovery for the patient. Speaking about the achievement, Harish Trivedi, CEO, CTSI-South Asia, said, 'The successful management of this complex case highlight's our commitment to providing world-class healthcare with a patient-centric approach. At AOI, we leverage cutting-edge technology and the expertise of our multidisciplinary teams to deliver superior outcomes, even in the most challenging cases. This achievement further solidifies our position as a leading center for oncology and related specialties in AP region.' Dr Phanindra Kumar Nagisetty, who led the surgical team, shared, 'Myasthenia Gravis with Thymoma is a rare and complex condition that requires prompt diagnosis and precise surgical intervention. Through Right VATS Thymectomy, we ensured the complete removal of the thymoma while prioritizing the patient's comfort and recovery. This case highlights the importance of multidisciplinary collaboration and advanced surgical techniques in achieving optimal outcomes.' Mahendra Reddy, RCOO, AOI Andhra Pradesh Region, emphasized the importance of accessibility to advanced healthcare facilities, saying, 'At AOI, we are dedicated to making state-of-the-art medical care available to patients across Andhra Pradesh. The successful outcome of this case reflects our efforts to bring world-class expertise and innovative treatments closer to patients in Guntur and the surrounding regions.'
Fibre2Fashion
13-05-2025
- Business
- Fibre2Fashion
US' Aramark Q2 revenue hits $4.3 bn; organic growth at 3%
American company of food service, facilities management, and uniform services provider Aramark is projecting organic revenue growth between 7.5 and 9.5 per cent for fiscal 2025 (FY25). The adjusted operating income is anticipated to rise by 15 to 18 per cent from the FY24 figure of $882 million. Adjusted earnings per share (EPS) are forecast to grow by 23 to 28 per cent from $1.55 in FY24. The company also aims to reduce its leverage ratio from 3.4x to approximately 3.0x. Aramark anticipates revenue growth to accelerate over the next two quarters primarily from net new business, strong client retention rates, and volume growth, Aramark said in a press release. Aramark has reported a revenue of $4.3 billion in Q2 FY25, up 2 per cent, with organic revenue rising 3 per cent and client retention exceeding 98 per cent. Operating income grew 9 per cent to $174 million, and AOI rose 11 per cent to $205 million. The company expects FY25 organic revenue growth of 7.5â€'9.5 per cent and adjusted EPS growth of 23â€'28 per cent, with a focus on strategic expansion. 'We are highly confident in realising the growth opportunities immediately ahead for the business, driven by our extensive strategic and operational capabilities,' said John Zillmer, Aramark's chief executive officer (CEO) at Aramark . 'We will continue to manage the portfolio for significant value creation—through organic revenue growth, margin progression, and a strengthened balance sheet. As always, I am immensely grateful for our teams across the globe who are the driving force behind our success.' Meanwhile, Aramark consolidated revenue was $4.3 billion, a 2 per cent increase year-over-year (YoY) and a 3 per cent YoY rise in organic revenue in the second quarter (Q2) of fiscal 2025 (FY25). The company achieved strong new business wins and maintained a client retention rate of over 98 per cent. FSS United States revenue growth was driven by higher participation rates, new client wins, and expanded micro-market and vending services in business and industry, along with strong performance in corrections and procurement gains from Avendra. Despite certain offsetting items, revenue and organic growth would have been around 3 per cent higher, added the release. FSS International saw broad-based growth across most countries, led by the UK, Spain, Chile, and Canada, fuelled by base business expansion and new contracts, though GAAP revenue reflected currency translation impacts. The operating income of the company rose by 9 per cent year-over-year (YoY) to $174 million in the quarter, while adjusted operating income (AOI) increased by 11 per cent to $205 million. This reflects an operating income margin improvement of 30 basis points and an AOI margin gain of over 30 basis points (bps). Fibre2Fashion News Desk (SG)
Hans India
11-05-2025
- Health
- Hans India
2-day ENT conclave held
Hyderabad: A two-day academic event 'ENT Conclave-2025' with a theme of 'Hearing Today, Leading Tomorrow', organised jointly by Omega Hospitals, Association of Otolaryngologists of India (AOI), Hyderabad Branch, and the Telangana State Medical Council (TSMC) deliberated on emerging medical advancements and surgical procedures here on Saturday. The conclave witnessed the participation of over 175 delegates, including distinguished speakers, postgraduate students, and allied health professionals from across India and abroad. Speaking on the occasion, Dr Vennela Devarakonda emphasised recent advancements in Coblation Technology and her novel techniques in treating various ENT conditions. She also highlighted the importance of structured instructional courses, which were specially designed for junior consultants and postgraduate students. Renowned ENT surgeon Dr Radha Madhab Sahu from Bhubaneswar presented on the application of ICG dye in endoscopic skull base surgery, proposing enhanced visualisation techniques. Dr Mohana Vamsy, Dr Sampath Chandra Prasad, a lateral skull base surgeon from Bangalore and Dr Vidyasagar were also present.
