Latest news with #C3
Sydney Morning Herald
21 hours ago
- Sydney Morning Herald
Christian pastor from Andrew O'Keefe rehab arrested over alleged fake drug records
A Christian pastor who founded a controversial drug rehabilitation centre for men accused of serious crimes – which once treated former game show host Andrew O'Keefe – has been arrested and charged with faking reports about patients' drug use. Ross Pene, 68, who claims links to Hillsong and C3 pentecostal churches, was arrested by officers from Strike Force Toopuntul on the site of the now-defunct Connect Global centre in Port Stephens on Wednesday, and faces five charges relating to perverting the course of justice. 'It was uncovered an employee of the facility was allegedly issuing fraudulent reports about patients' drug use who were required to be at the facility drug-free as part of their bail undertaking,' police alleged in a statement. The charges relate to five patients. Sources with knowledge of the investigation say detectives working with the taskforce, part of the anti-gang squad Raptor, were looking into allegations of doctored urinalysis tests. Rehabs usually require participants to remain off drugs, and use urinalysis to enforce the rule. In December, a Herald investigation revealed concerns about lax security the Mid North Coast facility, which had become a popular alternative to prison remand for men accused of serious offences such as drug trafficking, violence, and firearms charges. If its clients were convicted, time spent at the centre – a former tourist resort with a pool and tennis court – could count towards their sentences. Addiction-ravaged O'Keefe became a client after being accused of holding a sex worker by the throat (the charges were dropped). So was real estate high-flyer turned Dover Heights stabber Matthew Ramsay, before he was sent back to jail for wandering off and getting high while on bail. A parade of alleged high-level drug dealers has also cycled through the 'Oyster Barn' common room.
The Age
21 hours ago
- The Age
Christian pastor from Andrew O'Keefe rehab arrested over alleged fake drug records
A Christian pastor who founded a controversial drug rehabilitation centre for men accused of serious crimes – which once treated former game show host Andrew O'Keefe – has been arrested and charged with faking reports about patients' drug use. Ross Pene, 68, who claims links to Hillsong and C3 pentecostal churches, was arrested by officers from Strike Force Toopuntul on the site of the now-defunct Connect Global centre in Port Stephens on Wednesday, and faces five charges relating to perverting the course of justice. 'It was uncovered an employee of the facility was allegedly issuing fraudulent reports about patients' drug use who were required to be at the facility drug-free as part of their bail undertaking,' police alleged in a statement. The charges relate to five patients. Sources with knowledge of the investigation say detectives working with the taskforce, part of the anti-gang squad Raptor, were looking into allegations of doctored urinalysis tests. Rehabs usually require participants to remain off drugs, and use urinalysis to enforce the rule. In December, a Herald investigation revealed concerns about lax security the Mid North Coast facility, which had become a popular alternative to prison remand for men accused of serious offences such as drug trafficking, violence, and firearms charges. If its clients were convicted, time spent at the centre – a former tourist resort with a pool and tennis court – could count towards their sentences. Addiction-ravaged O'Keefe became a client after being accused of holding a sex worker by the throat (the charges were dropped). So was real estate high-flyer turned Dover Heights stabber Matthew Ramsay, before he was sent back to jail for wandering off and getting high while on bail. A parade of alleged high-level drug dealers has also cycled through the 'Oyster Barn' common room.
Yahoo
7 days ago
- Sport
- Yahoo
Welsh Para-table tennis legend Robinson retires
Welsh Paralympic champion Neil Robinson is retiring after a career in which he represented Great Britain in 11 Paralympic Games, seven as an athlete and four as a coach. Bridgend-born Robinson, 66, won gold with the men's C3 team as well as a silver in the singles competion at the 1992 Barcelona Paralympics. He also won medals in Atlanta, Sydney and Athens, before retiring after the Beijing games and starting his coaching career at London 2012. "This is a very difficult decision given my long-term involvement with British Para Table Tennis [BPTT]," said Robinson, "but I feel the time has come to retire and have the flexibility to spend more quality time with my family, even more so now that my wife Karen and I are grandparents. "I love the sport of table tennis so I intend to stay involved and to continue working with BPTT when required and I will look at helping to develop established and new players individually." Robinson was training to work as an electrician in the Merchant Navy when he was a passenger in a car accident at the age of 18 that left him requiring a wheelchair. After taking up table tennis during rehab he went on to become one of Britain's most successful Paralympians, winning seven medals across seven games. Robinson was also a European champion and world number one, and in 2012 he received an MBE in the Queen's New Year's Honours List for his services to the sport. Having switched to coaching, and with several Welsh players in the British squad, Robinson set up a centre at the Welsh Institute of Sport in Cardiff where the Welsh players could benefit from top quality coaching on a full-time basis. "This was really important," said BPTT performance director Gorazd Vecko. "When we started with the new structure the Welsh players came to Sheffield for a training camp, and for the rest of the time there was no coaching in Wales at the highest level. "When I look back, I think that Neil was a huge part of every medal that was achieved by a wheelchair player from Wales over the last 15 years." Robinson coached Paul Davies to a bronze medal in London and also Tom Matthews to bronze in Tokyo 2021. Although he was not in the corner when another of his players, Rob Davies, won gold in Rio, that remains one of his highlights alongside his own playing acheivements. "I am very proud to have had a positive influence in the lives of the athletes that I have been involved with and contributed to some of their life changing moments," said Robinson. "There have been many memorable moments at the Paralympics Games - the standout moments for me as an athlete are in Barcelona 1992 where I won gold and silver medals, and Atlanta 1996 in achieving silver and bronze medals. "As a coach, again there are several amazing memories - coaching Paul Davies to an unexpected singles bronze medal at the 'home games' in London 2012 and years of preparing Rob Davies to achieve his singles gold in Rio 2016. "The circumstances surrounding Tokyo 2021 and then coaching Paul Karabardak, Tom Matthews and Megan Shackleton to their first Paralympic medals was really special to me. "I am extremely proud to have won seven Paralympic medals as an athlete but working closely with and helping athletes achieve their Paralympic dreams gives me a greater feeling of satisfaction."
Zawya
7 days ago
- Business
- Zawya
C3 launches Enersol Energy Challenge to power the future of energy innovation in the UAE
Seeking 8–10 standout start-ups in AI, robotics, decarbonization, smart-tech and operational efficiency Finalists will showcase at ADIPEC 2025 and connect with top-tier partners and investors Abu Dhabi, UAE – C3, a B Corp™ certified impact platform that supports entrepreneurs across the region, today launched the Enersol Energy Challenge, a bold new entrepreneurship programme that will identify and support startups with high potential to transform the energy sector. The programme has been created by Enersol, the pioneering joint venture by ADNOC Drilling and Alpha Dhabi, in partnership with C3. Launched at Make It In The Emirates, the Enersol Energy Challenge will support 8 to 10 early-stage startups with innovative technologies in fields including operational efficiency, robotics, emissions reduction, measurement-while-drilling, internet of things (IoT), circular economy and next-generation resource optimization. Finalists will attend a tailored two-week bootcamp in the UAE, with access to expert coaching, technical mentorship, potential investors and business development training from leaders in energy innovation. Medea Nocentini, Founder of C3 and Senior Partner at Global Ventures, said: 'The Enersol Energy Challenge reflects our commitment to advancing the UAE's innovation ecosystem by equipping entrepreneurs with the expertise and investment access needed to transform the future of energy. We are here to help turn bold ideas into scalable solutions.' Finalists will present their solutions at the Grand Pitch Showcase in October 2025, to an audience of potential investors, partners and industry decision-makers. Select finalists will also be featured on the Enersol stand at ADIPEC 2025, the world's largest energy conference, amplifying visibility and opening doors to strategic partnerships and investment. The program supports Enersol's vision to lead the EnergyTech revolution and accelerate the UAE's leadership in sustainable energy solutions. Applications are now open. For more information and to apply, visit To learn more about Enersol, visit About C3 C3 is a B Corp™ certified impact platform, bridging innovation, investment, and purpose by connecting startups, corporates, governments, investors, and experts through dynamic collaborations, tailored programmes, and high-impact initiatives. C3's mission is to put business to its best possible use and help them get great at solving the world's most pressing issues. Stay Connected: Please visit C3's website for more info: For inquiries: info@ About Enersol Enersol is a joint venture between ADNOC Drilling and Alpha Dhabi. The company was created to generate change in the oilfield and energy services industries by acquiring and growing AI, advanced technology and digitization companies with the latest sector specific technology. With a mission to raise the standards of the sector, through improved efficiencies, safety and growth.
Yahoo
20-05-2025
- Business
- Yahoo
C3.ai Trading at a Premium at 6.39X: Time to Hold or Sell the Stock?
Inc. AI is currently trading at a slight premium relative to its Zacks Computer & Technology sector but at a discount to historical metrics. In terms of the forward 12-month Price/Sales, AI is trading at 6.39X, higher than the sector's 6.18X. Its forward 12-month P/S ratio sits below its three-year average, as shown below. Valuation Image Source: Zacks Investment Research In terms of share price performance, its shares have gained a notable 20.7% in the past month. However, it has underperformed the Zacks Computer & Technology sector and the Zacks Computers - IT Services industry, as shown its current price, the AI stock represents a 48.6% discount from its 52-week high of $45.08. It also indicates a 36.1% premium to its 52-week low of $17.03. Share Price Performance Image Source: Zacks Investment Research Is a recent uptick in stock price reason enough to buy in? Before making a decision based solely on momentum, let's take a closer look at the underlying factors that could help investors determine whether now is the right time to add AI stock to their portfolio. partnerships with hyperscalers and industry leaders, such as Amazon's AMZN AWS, Alphabet's GOOGL Google Cloud, Microsoft's MSFT Azure, and Booz Allen Hamilton, serve as key growth multipliers. The company's integration into Microsoft's global sales ecosystem and the execution of co-selling motions resulted in 28 closed deals across nine industries, implying a 460% quarter-over-quarter increase. These alliances shortened sales cycles by nearly 20% and expanded the company's qualified sales pipeline by 244% year over year, highlighting the effectiveness of its partner-driven go-to-market expanded its customer footprint across both commercial and government sectors. Notable wins included Flex, Sanofi, ExxonMobil, Shell and the U.S. Department of Defense. These clients adopted solutions ranging from predictive maintenance and mission assurance to customer service enhancement using C3 Generative AI. This diversification across industries, from pharma to utilities and defense, demonstrates the flexibility and relevance of applications across mission-critical has built a robust federal pipeline, especially with the U.S. Department of Defense (DoD), where use cases such as predictive maintenance, logistics optimization and battlefield decision support are gaining traction. The company cited 39 active pilots with the DoD and Intelligence Community during the quarter. This engagement, which includes partnerships with entities such as the U.S. Air Force and Army, positions to benefit from increasing federal AI budgets and long procurement cycles that often result in multi-year deals. In April 2025, C3 AI and Arcfield have announced a strategic collaboration aimed at accelerating the adoption of enterprise-grade AI applications for U.S. defense and intelligence agencies. Arcfield will utilize the C3 Agentic AI Platform and C3 Generative AI to enhance its mission-critical services, including systems engineering, predictive maintenance and space defense operations. faces significant challenges, including the need to achieve sustainable profitability and navigate competition from both established players and emerging startups. The company reported GAAP a net loss of 62 cents per share in the fiscal third quarter (non-GAAP loss of 12 cents per share).A significant challenge for is the cost structure associated with its numerous pilot deployments. The company signed 50 new pilots in the fiscal third quarter, bringing the total to 310, of which 245 are active. These pilots, often precursors to larger contracts, carry higher upfront costs, resulting in pressure on gross margins. The company anticipates some moderation in gross margins due to an increased mix of more costly pilots. It expects some moderation in operating margins in the near term due to additional investments in the is actively scaling its operations, particularly through the expansion of its direct salesforce and strategic partner ecosystem, which includes Microsoft, AWS and McKinsey's QuantumBlack. While this investment is central to long-term growth, it also introduces near-term pressure on operating margins. The company plans to continue investing in sales, customer support and R&D through fiscal 2025. This is expected to keep operating losses elevated and push the company into negative free cash flow territory for the full year, though a positive free cash flow is expected in the fiscal fourth quarter. The Zacks Consensus Estimate for fiscal 2025 loss per share has remained unchanged at $2.29 (versus a loss of $2.34 a year ago) in the past 30 days. However, the consensus mark for fiscal 2026 loss per share has widened to $2.41 in the same time Zacks Consensus Estimate for fiscal 2025 and 2026 sales implies growth of 29.6% and 22.4%, respectively. Image Source: Zacks Investment Research Despite high-profile partnerships and a strong pipeline of pilot programs, its persistent lack of profitability, margin pressures, and an increasingly expensive cost structure raise concerns. While recent momentum has lifted the stock price by more than 20% in the past month, this rally masks deeper operational concerns. The company continues to operate at a steep GAAP loss, with more than 300 active pilots that are yet to convert into meaningful, margin-accretive revenues. These pilots are expensive to maintain and may weigh further on gross and operating while trades at a forward Price/Sales ratio of 6.39, above the sector average, its long-term financial outlook has not materially improved. The increased loss estimates for fiscal 2026 and expectations of negative free cash flow for most of fiscal 2025 raise red flags for investors seeking sustainable returns. Given the uncertain timeline for profitability and the ongoing dilution risk from continued investment in sales and R&D, the risk-reward profile for appears unfavorable at current levels. currently carries a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Inc. (AI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
