Latest news with #EdisonAward
Channel Post MEA
14 hours ago
- Business
- Channel Post MEA
Lenovo Announces New Appointments and Regional Headquarters in Riyadh
Lenovo today announced the appointment of its executive leadership team for Saudi Arabia, marking a key milestone in the company's regional growth strategy and its plans to establish Regional Headquarters (RHQ) in Riyadh. Set to be located in the iconic Al Majdoul Tower, the RHQ highlights Lenovo's long-term commitment to supporting Saudi Arabia's Vision 2030 and advancing the Kingdom's digital transformation and economic diversification agenda. This announcement forms part of Lenovo's strategic collaboration with ALAT , a Public Investment Fund (PIF)-owned company, aimed at accelerating Lenovo's ongoing transformation and further expanding its global manufacturing footprint. As part of this collaboration, Lenovo and ALAT broke ground in February 2025 on a 200,000 sqm advanced manufacturing facility in the 'Riyadh Integrated' area of the city operated by Special Integrated Logistics Zone (SILZ), which is expected to begin producing millions of 'Saudi Made' devices by 2026. In parallel, Lenovo is progressing plans to establish its RHQ in Riyadh. The RHQ will support Lenovo's broader regional strategy, including investments in a flagship retail space, VIP customer center, R&D, marketing, and strategic partnerships across Saudi Arabia. The headquarters will be in the prestigious Al Majdoul Tower which is already home to a number of PIF entities, government entities, and tech companies. Strategic Appointments to Drive Regional Growth Lenovo has appointed Lawrence Yu as Head of Regional Headquarters, whilst Giovanni Di Filippo has been appointed as Vice President & General Manager for Lenovo Saudi Arabia, and Zoran Radumilo has been appointed Chief Technology Officer (CTO) for Lenovo Saudi Arabia. Mr. Lawrence Yu, who has worked for Lenovo for 15 years, played a pivotal role in the completion of Lenovo's strategic partnership with ALAT and the planning of the Riyadh manufacturing site. Previously serving as General Manager of Lenovo Retail Solutions globally, Mr. Yu led the division to record-breaking performance, achieving 40% annual revenue growth over five years. Under his leadership, the division also earned the prestigious Edison Award for Commercial Technology, only the second time in Lenovo's history. Mr. Yu, who holds an MBA from Harvard Business School, has also worked closely with Lenovo's Chairman and CEO during a transformative period for the company, contributing to major strategic deals and global expansion. In his current role, he oversees Lenovo's regional headquarters, ALAT partnerships and manufacturing milestones, driving the company's footprint in alignment with Saudi Arabia's industrial and digital ambitions. Di Filippo assumes responsibility for all business units within Lenovo Saudi Arabia, including the Intelligent Devices Group (IDG), Infrastructure Solutions Group (ISG), and Solutions & Services Group (SSG). With a proven track record as President of EMEA ISG, where he led market share growth from 6% to 14%, Mr. Di Filippo will spearhead Lenovo's hypergrowth strategy in the Kingdom, fostering cross-portfolio synergies and advancing the company's regional sales organization. Mr. Radumilo brings over 25 years of global enterprise technology leadership to his role as CTO. His expertise spans AI, cloud, and software solutions, with a strong focus on emerging markets. Prior to joining Lenovo, he served as President of Global Emerging Markets and EMEA South & LATAM at industrial AI and software company IFS, contributing to the company's growth from a USD 1 billion to USD 10 billion valuation. At Lenovo Saudi Arabia, Mr. Radumilo will lead sector-specific go-to-market strategies across key verticals including government entities, energy, telecommunications, smart cities, and financial services. Establishing a Regional Hub for Innovation and Manufacturing The leadership appointments coincide with Lenovo's plans to establish regional headquarters in Riyadh. The RHQ will be located in Al Majdoul Tower in Riyadh. The tower, known for its iconic architecture and advanced infrastructure, reflects Lenovo's commitment to operational excellence and innovation. Al Majdoul Tower is home to several PIF entities, as well as the Ministry of Industry and Mineral Resources and Humain, placing Lenovo at the center of Saudi Arabia's innovation and industrial transformation landscape. The headquarters not only enhances Lenovo's operational capabilities in the Kingdom, but also reinforces its commitment to Saudi Arabia's Vision 2030 by fostering innovation, collaboration, and regional leadership from a central, future-ready location. 'The confirmation of Al Majdoul Tower as the future location of Lenovo's Regional Headquarters, alongside the appointment of our new executive leadership team for Saudi Arabia and RHQ, marks a major milestone in our regional strategy,' said Matt Dobrodziej, Senior Vice President & President, Lenovo EMEA. 'Through our strategic partnership with ALAT and investment in advanced manufacturing, we are proud to contribute to the Kingdom's Vision 2030 by supporting industrial diversification, accelerating digital transformation, and enabling sustainable economic growth. Our initiatives in Saudi Arabia, including the RHQ, flagship retail space, and the Riyadh-based manufacturing facility are projected to contribute up to USD 10 billion to non-oil GDP by 2030, reinforcing our commitment to the Kingdom's long-term development.'
Zawya
7 days ago
- Automotive
- Zawya
SABIC's new LNP™ Thermocomp™ compound with non-halogenated flame retardance helps boost Evcu safety and protection
SABIC, a global leader in the chemical industry, today introduced LNP™ THERMOCOMP™ WFC061I compound featuring non-brominated/non-chlorinated flame retardance (FR) that can help enhance the safety and functionality of critical components, such as electric vehicle control units (EVCUs). This new specialty material, a 2025 Edison Award winner, is well suited for the housing of these applications, providing excellent structural performance for the protection of sensitive internal electronic parts from fire/smoke, impact, moisture and other threats. LNP THERMOCOMP WFC061I compound can replace metal in EVCU covers to reduce weight significantly and expand design freedom. Alternatively, it can replace FR polymers that use halogenated additives, which can impact the environment. Other advantages of the new compound include colorability, low warpage to increase yield and high optical transmission for precision laser welding. This glass fiber-reinforced compound is the world's first laser-weldable FR polybutylene terephthalate (PBT) material. 'The EVCU, which manages an EV's electrical systems to ensure peak efficiency and a safe and enjoyable driving environment, relies on high-performance materials,' said Jenny Wang, Director, Formulation & Application, APAC, SABIC Polymers, Specialties business. 'Specialty resins must provide flame retardancy, strength, stability, light weight and precision manufacturing. Based on our broad understanding of automotive power engineering trends and requirements, SABIC developed its new LNP THERMOCOMP WFC061I compound to help protect the EVCU and optimize its reliability and functionality.' Streamlining Manufacturing with Laser Welding SABIC's LNP THERMOCOMP WFC061I compound provides the high optical transmission (20 percent at 3.0 mm. thickness) required for laser welding, a technology that joins two plastic parts without adhesives, chemicals, fasteners or vibration. The laser energy passes through the transmissive material to the surface of the absorptive material, where it generates heat at the interface, melting the plastic. The compatibility of LNP THERMOCOMP WFC061I compound with laser welding enables manufacturers to accelerate and simplify assembly, potentially saving time and increasing throughput. LNP THERMOCOMP WFC061I compound is available globally. The Edison Awards are an annual, global competition honoring excellence in new product and service development, marketing, design and innovation. The 2025 winners were announced on April 2, 2025. ABOUT SABIC SABIC is a global diversified chemicals company, headquartered in Riyadh, Saudi Arabia. It manufactures on a global scale in the Americas, Europe, Middle East, and Asia Pacific, making differentiated products: chemicals, commodity and high-performance plastics, and agri-nutrients. SABIC supports its customers by identifying opportunities and developing end-use applications in key industries: Automotive, Hygiene & Healthcare, Electrical & Electronics, Packaging, Agriculture, Consumer Products, and Building & Construction. The company has more than 28,000 employees worldwide, serving customers in over 140 countries. Fostering innovation and a spirit of ingenuity, SABIC has more than 11,000 patents and patent applications and has a global network of technology & innovation centers.
Yahoo
11-05-2025
- Business
- Yahoo
Elutia Inc (ELUT) Q1 2025 Earnings Call Highlights: Strategic Growth and Challenges in Transition
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Elutia Inc (NASDAQ:ELUT) reported a 31% year-over-year growth in its bio envelope division, reaching $3.1 million in revenue. The company successfully launched its LEU Pro product, which now constitutes 52% of the bio envelope revenue, showing an 84% increase from the previous quarter. Elutia Inc (NASDAQ:ELUT) formed a strategic partnership with Boston Scientific, expanding its commercial footprint to over 900 sales professionals. The company opened a new facility in Gaithersburg, Maryland, to enhance manufacturing capacity and reduce production costs. Elutia Inc (NASDAQ:ELUT) received an Edison Award for innovation in post-surgical recovery, highlighting its commitment to advancing medical technology. Revenue from the Simple Derm division decreased from $3.6 million last year to $2.6 million this quarter. The cardiovascular products division reported only $300,000 in sales, as it was still transitioning from an outside distributor. Overall sales were down from the previous year, despite a sequential increase from the fourth quarter. The company faced production constraints due to the antibiotic component of LEU Pro, necessitating the opening of a new facility. Elutia Inc (NASDAQ:ELUT) had to manage cash flow carefully, including a registered direct offering and amendments to financial agreements to conserve cash. Warning! GuruFocus has detected 6 Warning Signs with ELUT. Q: How have the relationships with physicians gone in the cases where Boston Scientific reps are involved? Are they fully switching to LU Pro, or is it a gradual process? A: Randy Mills, CEO: The adoption pattern for LU Pro typically starts with one physician in a practice showing interest and using the product. Once they experience the benefits, particularly if they've used competitive products before, it tends to spread through the practice. The conversion is not limited to Boston Scientific cases; it often extends to other cases as well, making it a valuable partnership for both Elutia and Boston Scientific. Q: What is the current manufacturing capacity for LU Pro, and how much revenue can it support before reaching constraints? A: Randy Mills, CEO: Our current manufacturing capacity can support about $140 million in LU Pro revenue annually. However, the production of the antibiotic disk component is a constraint, limiting capacity to $25-30 million annually. We are expanding to address this bottleneck. Q: How should we think about the cash burn profile going forward, considering the growth of LU Pro and the cardiovascular products coming in-house? A: Matt Steinberg, CFO: The cash flow from operations in Q1 was about $8.1 million, including $4 million related to litigation settlement. We expect cash burn to decrease as we move through the year, likely returning to a more historic range of $4-5 million. Q: How will the registry study data support commercial conversions and broader clinical adoption over the next 12-18 months? A: Randy Mills, CEO: The registry study data will be more impactful in the second half of next year when publications are available. This data, along with existing clinical and scientific studies, will bolster our value analysis committee submissions and support regulatory submissions outside the U.S. Q: What is the expected pace of mix shift towards LU Pro in the bio envelope category, and how will it affect Kangaroo sales? A: Randy Mills, CEO: LU Pro is expected to significantly outpace Kangaroo, with potential U.S. revenue of about $200 million at maturity compared to Kangaroo's $10 million. While Kangaroo will remain for certain patient populations, LU Pro is rapidly gaining market share, now constituting over 50% of bio envelope revenue. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
10-04-2025
- Business
- Yahoo
Microban International Wins Silver Edison Award for Sustainable Antimicrobial Technology Ascera™
HUNTERSVILLE, N.C., April 10, 2025 /PRNewswire/ -- Microban International, the leader in antimicrobial solutions, has been awarded the silver Edison Award in the Materials Science category for its groundbreaking antimicrobial technology Ascera™. This prestigious honor, presented at the 2025 Edison Awards Gala in Fort Myers, Florida, on April 3, places Microban among an elite group of innovators recognized for their contributions to advancing technology and the industry. Ascera is a patented metal-free antimicrobial technology inspired by nature. It is designed to inhibit bacterial growth by up to 99.99% while reducing environmental impact. Unlike traditional antimicrobials that rely on metal-based chemistries, Ascera's active ingredient is similar to acids found in nature and has a long history of being used in multiple consumer product applications. Moreover, it provides UV-stable, 24/7 product protection and seamlessly integrates into polymers and coatings, extending product life and promoting sustainability. Ascera technology will soon also be available for use in textiles. "We are honored to be recognized with the Edison Award for Ascera," said Michael Ruby, president of Microban International. "This recognition highlights our commitment to pioneering sustainable ingredient technologies that enhance product durability while addressing environmental concerns. Ascera is part of our ongoing efforts to introduce a new generation of nature-inspired chemistries." The Edison Awards, named after Thomas Edison, celebrate the world's top innovations, highlighting excellence in concept, value, delivery and impact. By securing a silver win, Microban joins the ranks of honorable innovators recognized for their significant contributions to materials science, further reinforcing its leadership in the field. For more information about Ascera and Microban's commitment to sustainable antimicrobial technology, visit About Microban International Part of Barr Brands International, Microban International is home to the most trusted and well-known global brands in the antimicrobial, odor control and sanitization/disinfection markets: Microban® and Ultra-Fresh®. Our organization has experienced over 100 collective years of growth and has revolutionized the industry. As the global leader, our proactive systems keep products cleaner and control odors better by preventing problems before they start. Microban International drives innovation by combining science and creative solutions that enhance high-quality consumer, textile, industrial and medical products worldwide. Today, the Microban and Ultra-Fresh brands and our technologies are featured on thousands of products worldwide. The company is headquartered in North Carolina and operates in North America, Europe and Asia-Pacific. For more information, please visit View original content to download multimedia: SOURCE Microban International
Yahoo
08-04-2025
- Business
- Yahoo
Brenmiller Energy's bGen™ ZERO Wins Gold at 2025 Edison Awards
The system received the gold award in the Energy Storage and Management category TEL AVIV, Israel, April 08, 2025--(BUSINESS WIRE)--Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy" or the "Company") (NASDAQ: BNRG), a leading global provider of thermal energy storage ("TES") solutions to industrial and utility markets, is pleased to share that its pioneering bGen™ ZERO TES system received a gold Edison Award in the Energy Storage and Management category at the 2025 Edison Awards Gala in Fort Meyers, Florida, United States. Chairman and Chief Executive Officer Avi Brenmiller attended the ceremony and accepted the award on behalf of the Company. Established in 1987, The Edison Awards™ is among the most prestigious accolades honoring excellence in new product and service development, marketing, design and innovation. Its vision is continually guided by the legacy and vision of Thomas Edison and his Menlo Park team, which successfully brought an unprecedented number of innovations to the market. "Winning an Edison Award is a tremendous honor, and we're pleased to see our bGen thermal energy storage technology, once again, recognized for its innovation and impact," said Avi Brenmiller, Chairman and Chief Executive Officer of Brenmiller Energy. "This achievement is a reflection of our team's decades-long dedication to developing cutting-edge renewable heat solutions. We are proud to continue Thomas Edison's legacy of advancing technologies that reshape how we access and consume electricity." The Edison Awards' Steering Committee and an executive judging body comprised of more than 3,000 senior business executives and academics from the fields of product development, design, engineering, science, marketing and education, as well as past winners, reviewed all nominations. Brenmiller's bGen™ converts electricity into heat for industrial processes. It is mature, cost-competitive with natural gas, and commercially available. The bGen™ also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. Tested in the harshest power plant environments, Brenmiller's bGen™ is proven reliable and already making an impact around the globe. In addition to winning an Edison Award, Brenmiller's bGen™ technology was recognized as one of TIME Magazine's Best Inventions of 2023 and was a finalist in Bloomberg New Energy Finance's 2024 Pioneers program; it has also received the European Commission's Seal of Excellence and was named an Innovation Champion by the European Investment Bank. About Brenmiller Energy Ltd. Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at and follow the Company on X (formerly Twitter) and LinkedIn. About The Edison Awards Established in 1987, the Edison Awards are dedicated to recognizing, honoring and fostering innovations and innovators. Named after Thomas Alva Edison (1847-1931), the annual competition honors excellence in new product and service development, marketing, human-centered design and innovation. Past award recipients include Jony Ive, Martha Stewart, Carmichael Roberts and companies leading in innovation including Nest, now part of Google, AMD, Intel, Naqi, 3M and Cargill. In 2021, the Edison Awards introduced the inaugural Lewis Latimer Fellowship program designed to celebrate, connect and bring together a community of innovative Black thought leaders. For more information, visit View source version on Contacts Media Contact:Tori Bentkoverbrenmillerenergy@ Sign in to access your portfolio
