Latest news with #Amoruso
Yahoo
22-05-2025
- Business
- Yahoo
Navitas Semiconductor Appoints Cristiano Amoruso to Board of Directors
TORRANCE, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-generation power semiconductor company and industry leader in gallium nitride (GaN) power ICs and silicon carbide (SiC) technology, today announced the appointment of Cristiano Amoruso to the company's board of directors, effective immediately. Mr. Amoruso most recently served as Chief Executive Officer of Suniva, Inc., the largest private U.S.-based manufacturer of solar photovoltaic semiconductors, and as a partner at Lion Point Capital, L.P., a global investment firm. He is an accomplished investor with significant operating expertise and a strong track record of value creation in the technology and renewable energy industries across public and private companies. 'We are glad to welcome Cristiano to the board at this pivotal time for Navitas,' said Richard Hendrix, chair of the Navitas board. 'Cristiano brings meaningful experience driving growth at semiconductor companies, and we are confident he will contribute to our efforts to capture the multi-billion dollar market opportunity ahead of us. Importantly, Cristiano's appointment builds on our recent actions to strengthen our corporate governance and accelerate our path to profitability for the benefit of our stockholders.' Mr. Amoruso commented, 'Navitas' gallium nitride (GaN) and silicon carbide (SiC) products have tremendous untapped potential and are accelerating a paradigm shift across the entire technology hardware industry, especially in power intensive applications like datacenters, solar power plants and electric vehicles. I am excited to join the Navitas board and look forward to working with management and my fellow directors to create long-term value.' In connection with his appointment to the board, Mr. Amoruso will stand for election as an independent Class I director at the company's 2025 annual stockholders' meeting along with Gene Sheridan and Ranbir Singh. Additional details will be provided in Navitas' definitive proxy statement for the meeting to be filed with the U.S. Securities and Exchange Commission (SEC). Forward-Looking Statements Statements and information in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the 'safe harbor' provisions of such Act. Forward-looking statements may be identified by the use of words such as 'we expect' or 'are expected to be,' 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'anticipate,' 'believe,' 'seek,' or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions and expectations. The risks, uncertainties, assumptions and other factors that could cause actual events or results to differ from the events or results predicted or implied by our forward-looking statement include those risk factors discussed in our filings with the SEC, including those disclosed under the caption 'Risk Factors' in our annual report on Form 10-K for the year ended December 31, 2024, our quarterly report on Form 10-Q for the quarter ended March 31, 2025 and subsequent quarterly reports. Navitas may elect to update these forward-looking statements at some point in the future, but specifically disclaims any obligation to do so. About Navitas Navitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, celebrating 10 years of power innovation, founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary GeneSiC™ power devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include data centers, EV, solar, energy storage, home appliance / industrial, mobile, and consumer. Over 300 Navitas patents are issued or pending. Navitas was the world's first semiconductor company to be CarbonNeutral®-certified. Navitas, GaNFast, GaNSense, GaNSafe, GeneSiC and the Navitas and GeneSiC logos are trademarks or registered trademarks of Navitas Semiconductor Limited or affiliates. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners. Contact Information Lori BarkerThe Blueshirt Groupir@ 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
Sydney Morning Herald
17-05-2025
- Sport
- Sydney Morning Herald
Race-by-race tips and previews for Sunday's Parkes meeting
(Selections based on a soft track) Race 1 6. Amoruso is a three-year-old filly having her first start and she comes into this having easily won a trial at Tamworth. She scored by almost four lengths in that hitout and gets her chance to launch her career with a victory. 1. Cerons has two placings from six starts and has had two unplaced efforts in Queensland since finishing second in the Tamworth trial behind Amoruso. He's drawn wide here but has the talent to make an impact. 8. Spring Prospect debuted with a fifth at Mudgee back in December and has had two trials leading into this resuming run, winning the latest of them at Dubbo. 9. I Don't Think So was first-up from a long spell when finishing fourth at Dubbo and shouldn't be taken lightly. How to play it: Amoruso WIN. Race 2 13. Turning Circle started favourite when finishing fourth as favourite at Wyong last time out. She was safely held in that event but will find this easier and looks perfectly suited to break her maiden. 14. Winning Reign ran third placed at Dubbo when last produced and can make an impact again. 3. Outcast Soldier finished second in that same race at Dubbo and also can be thereabouts in this company, while 8. Billabong Rose is racing well and has the advantage of gate one. How to play it: Turning Circle WIN. Race 3 1. Egyptologist resumes here on the back of two trials. He won at Mudgee and Dubbo at his last two starts before a spell and looks primed to run well first-up over the mile. 4. Naval Officer is on the quick back-up after hitting the line well to win at Wellington on Tuesday. 9. Remadosi wasn't beaten far in the Murrumbidgee Guineas at Wagga last time out and is worth plenty of thought, while 2. Midnight Affair ran well at Hawkesbury in Highway company at her latest outing. How to play it: Egyptologist WIN. Race 4 2. Princess Halo was a Sapphire Coast winner three starts ago and has since finished midfield in both runs. She can bounce back to winning form here. 6. Sheridan Street won well on debut at Gundagai as favourite before tackling the Wagga carnival and never being a factor. She can lift on that in this company. 7. Swilken Bridge is handy at best and can give cheek from the good draw, while 11. The Mooch has been placed in two of her latest three starts and can figure again. How to play it: Princess Halo WIN.
The Age
17-05-2025
- Sport
- The Age
Race-by-race tips and previews for Sunday's Parkes meeting
(Selections based on a soft track) Race 1 6. Amoruso is a three-year-old filly having her first start and she comes into this having easily won a trial at Tamworth. She scored by almost four lengths in that hitout and gets her chance to launch her career with a victory. 1. Cerons has two placings from six starts and has had two unplaced efforts in Queensland since finishing second in the Tamworth trial behind Amoruso. He's drawn wide here but has the talent to make an impact. 8. Spring Prospect debuted with a fifth at Mudgee back in December and has had two trials leading into this resuming run, winning the latest of them at Dubbo. 9. I Don't Think So was first-up from a long spell when finishing fourth at Dubbo and shouldn't be taken lightly. How to play it: Amoruso WIN. Race 2 13. Turning Circle started favourite when finishing fourth as favourite at Wyong last time out. She was safely held in that event but will find this easier and looks perfectly suited to break her maiden. 14. Winning Reign ran third placed at Dubbo when last produced and can make an impact again. 3. Outcast Soldier finished second in that same race at Dubbo and also can be thereabouts in this company, while 8. Billabong Rose is racing well and has the advantage of gate one. How to play it: Turning Circle WIN. Race 3 1. Egyptologist resumes here on the back of two trials. He won at Mudgee and Dubbo at his last two starts before a spell and looks primed to run well first-up over the mile. 4. Naval Officer is on the quick back-up after hitting the line well to win at Wellington on Tuesday. 9. Remadosi wasn't beaten far in the Murrumbidgee Guineas at Wagga last time out and is worth plenty of thought, while 2. Midnight Affair ran well at Hawkesbury in Highway company at her latest outing. How to play it: Egyptologist WIN. Race 4 2. Princess Halo was a Sapphire Coast winner three starts ago and has since finished midfield in both runs. She can bounce back to winning form here. 6. Sheridan Street won well on debut at Gundagai as favourite before tackling the Wagga carnival and never being a factor. She can lift on that in this company. 7. Swilken Bridge is handy at best and can give cheek from the good draw, while 11. The Mooch has been placed in two of her latest three starts and can figure again. How to play it: Princess Halo WIN.
Yahoo
21-04-2025
- Business
- Yahoo
State releases six-year, $7 billion funding plan for capital improvement projects
Passengers board a Hampton Roads Transit bus in Norfolk. (Vlad Gavrilovic / Norfolk Transit Department) Virginia's Department of Rail and Public Transportation has just released their draft six- year improvement program for fiscal year 2026, totaling roughly $7 billion. The funds cover both operational costs and larger sums for capital improvement projects statewide. The City of Alexandria, for example, will get money to help cover the $200,000 operational cost for their GO Alex program, which is the city's outreach program to get residents to ride transit, carpool and commute by bicycle. Hampton Roads' transportation department will receive funds towards replacing two large buses, a project that will total $1.6 million – and that's just one of their more than 30 plus capital improvement projects. Localities depend on the state money to update the equipment used to serve the public in various regions of Virginia. 'We of course got money to buy new buses. We have a fleet of over 300 buses,' said Ray Amoruso, chief planning and development officer for Hampton Roads Transportation. 'The average life of a bus is either 10 or 12 years and at some point they have to be replaced. So every year we ask for bus money.' The Six-year Improvement Program (SYIP) is an annual funding program that both DRPT and the Virginia Department of Transportation administer to help fund rail — including freight – and public transit programs across the state. The different amounts of funding found in the six-year projects is derived by formulas established by Virginia law. Individual projects, which localities apply for, are funded by the SYIP and are evaluated and given scores by DRPT, then approved by the Commonwealth Transportation Board. 'The state updates their six-year improvement plan every year. So it's like a moving window. Each year we progress,' said Amoruso. 'Sometimes we ask for the same money if they didn't award it to us [the first time]. Next year, we'll do this all over again.' Here's a breakdown of how the funds will be allocated in the upcoming fiscal year:. Public Transportation: $332 million Washington Metropolitan Area Transit Authority (WMATA): $442 million Virginia Railway Express (VRE): $17 million Rail (DRPT) $20 million Transforming Rail in Virginia (VPRA) $232 million Amoruso said the district gets federal operating assistance based on the size of their metropolitan area and the number of people who live in that area. The Hampton Roads Transportation District covers six cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth and Virginia Beach. 'A lot of folks who aren't familiar with HRT or don't use HRT think that the money they drop in the fare box pays for their ride,' he said. One capital project that Amoruso is excited about getting funding to build is an off-street transfer facility off Chesapeake Boulevard known as the Evelyn T. Butts Transfer Station, named after a local Civil Rights activist. Since 1999, riders have had to wait on the street to transfer buses. 'It's not a pleasant environment. Nine routes come together and people run up and down the block along the length of the block to make connections to other routes,' said Amoruso. 'It's the third busiest transfer center we have in terms of moving human beings back in and out every day.' Though next year's state transportation fiscal funding is taking shape, the uncertainty of future federal support weighs heavy on Amoruso, he said. President Donald Trump's administration and Elon Musk's Department of Government Efficiency have committed to cutting over a trillion dollars in government spending they deem wasteful, targeting scores of federal programs with special emphasis on eliminating ones supporting diversity, equity and inclusion initiatives (DEI). A January executive order by Trump sparked panic with its directives to federal agencies, including the Department of Transportation, to pause millions in federal funds disbursements, including money allotted for capital improvement projects through the Infrastructure Investment and Jobs Act, and for electric vehicle and clean energy infrastructure development. 'It's not just us, every transit property in the country is nervous because the administration is targeting certain discretionary programs that are connected to DEI initiatives, climate change initiatives,' Amoruso said. 'We in the past have been successful in getting grant awards for low-emission, no-emission buses, meaning electric buses.' Amoruso said HRT had a goal to convert their 300 diesel buses to a 100% hundred emissions-free, all electric bus system by 2045. 'This administration doesn't look like they have an appetite to support those kinds of investments,' he said. 'That's just one example, but there are other programs that are at risk related to DEI and all the transit properties in the country are nervous about that and [are] watching very carefully these discretionary grants.' One grant program Amoruso is watching is a capital investment initiative administered through Congress to help build out bus rapid transit, such as Richmond's Pulse line or other light rail systems. 'That's under the microscope of the federal government right now,' said Amoruso, 'which is making a lot of people nervous for high capacity transit projects.' Department of Transportation Secretary Sean Duffy has stated to cut federal funding to Democratic-led states and cities, like New York and California, if they don't release information on transit crime and safety funding, according E&E News by Politico. The public is invited to comment on all the projects that have been recommended for funding in the draft six-year plan. The Commonwealth Transportation Board will host nine meetings across the state from the week of April 22 through May 15. Online comments, email or regular mail are also being accepted. The first meetings take place this week, starting in Richmond, followed by a meeting Wednesday in Lynchburg and one on Thursday in Hampton Roads. On June 17 staff from DRPT will present the draft, including any changes, to the Commonwealth Transportation Board for approval. On July 1, all the approved funding will become available. SUPPORT: YOU MAKE OUR WORK POSSIBLE
