Latest news with #JohnGibson
Yahoo
5 days ago
- Business
- Yahoo
Nauticus Robotics and Open Ocean Robotics Forge Strategic Collaboration to Transform Subsea Asset Management
HOUSTON, June 5, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software solutions, today announced a strategic collaboration with Open Ocean Robotics, a pioneer in uncrewed surface vehicles (USVs) that enable safe, cost-effective, and environmentally sustainable ocean monitoring. Together, the companies aim to deliver cutting-edge technologies that will redefine how the energy sector approaches subsea asset management. The collaboration brings together Nauticus' expertise in subsea robotics, including autonomous systems like the Aquanaut®, and Open Ocean Robotics' solar-powered USV, the DataXplorer™. The collaboration is designed to significantly reduce the high operational costs typically associated with subsea inspections, maintenance, and monitoring—while simultaneously delivering a compelling environmental advantage. The joint solution pairs autonomous subsea vehicles with surface-based USVs to offer persistent, real-time monitoring and data collection while minimizing the need for costly crewed vessels. This collaboration will enable energy operators to conduct autonomous inspections and monitoring of critical infrastructure—such as pipelines, risers, and subsea manifolds—more frequently, efficiently, and with significantly lower environmental impact. "Collaborating with Open Ocean Robotics aligns perfectly with our mission to drive cost efficiency, safety, and sustainability in ocean industries," said John Gibson, President and CEO of Nauticus Robotics. "By integrating our autonomous subsea vehicle with their autonomous surface vehicle, we are unlocking new operational paradigms that offer substantial value to our customers in offshore energy and beyond." Open Ocean Robotics' USVs operate autonomously for extended periods using solar energy, providing a clean-tech solution that offers a dramatic reduction in greenhouse gas emissions compared to conventional crewed vessels. "Our collaboration with Nauticus Robotics represents a bold step forward in revolutionizing how we manage and monitor our oceans," said Julie Angus, CEO of Open Ocean Robotics. "Together, we can provide unparalleled solutions that meet the growing demands for efficiency and sustainability in the marine sector." As the energy industry continues to pursue digital transformation and decarbonization, the combined capabilities of Nauticus Robotics and Open Ocean Robotics offer a forward-looking answer to the sector's most pressing operational challenges. About Nauticus Robotics Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure. About Open Ocean Robotics Open Ocean Robotics develops solar-powered, autonomous boats equipped with advanced sensors, cameras, and communication systems to collect high-resolution ocean data in real time. Designed for long-duration missions, their USVs provide continuous monitoring for applications in marine research, environmental protection, maritime security, and offshore energy. Operated remotely or autonomously through a secure cloud-based platform, the USVs offer a safer and more cost-effective alternative to traditional crewed vessels, significantly reducing greenhouse gas emissions and the environmental footprint of ocean operations. Cautionary Language Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 15, 2025. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at View original content to download multimedia: SOURCE Nauticus Robotics, Inc. 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
Business Wire
03-06-2025
- Business
- Business Wire
U.S. Small Business Job Growth Remains Largely Unchanged in May
ROCHESTER, N.Y.--(BUSINESS WIRE)--In May, job growth in U.S. small businesses remained largely unchanged from April, according to the Paychex Small Business Employment Watch. The Small Business Jobs Index, which is a primary component of Paychex's monthly employment report for businesses with fewer than 50 employees, has continued to show steady, flat employment growth throughout 2025. Meanwhile, hourly earnings growth for U.S. small business workers reached a four-year low at 2.77% in May. 'Despite the rapidly changing news cycle, the underlying labor market remains fundamentally healthy, and small business owners have remained resilient,' said John Gibson, Paychex president and CEO. 'While inflation concerns remain for business owners, wage inflation in small businesses continued to moderate and reached a new four-year low in May.' Jobs Index and Wage Data Highlights At 99.81 in May, the national Small Business Jobs Index continued to report steady, flat employment growth in 2025. National hourly earnings growth (2.77%) for small business workers continued its slow descent to a new four-year low (May 2021: 2.74%). Three-month annualized hourly earnings growth (2.45%) fell to its lowest level since December 2020 (1.66%). The Midwest (100.19) has represented the strongest region for small business employment growth for the past year, while the West continues to lag all regions and reported an index level below 100 for the 14th consecutive month in May. Construction dropped 0.68 percentage points to a jobs index of 99.69 in May, marking its lowest level since March 2021. Job growth in the Leisure and Hospitality industry remained last among sectors for the fourth consecutive month at 98.18 in May. More Information For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts. *Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website. About the Paychex Small Business Employment Watch The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost. About Paychex Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company's purpose of helping businesses succeed. Visit to learn more. Visit to learn more.
Yahoo
03-06-2025
- Business
- Yahoo
U.S. Small Business Job Growth Remains Largely Unchanged in May
Hourly earnings growth reaches new four-year low ROCHESTER, N.Y., June 03, 2025--(BUSINESS WIRE)--In May, job growth in U.S. small businesses remained largely unchanged from April, according to the Paychex Small Business Employment Watch. The Small Business Jobs Index, which is a primary component of Paychex's monthly employment report for businesses with fewer than 50 employees, has continued to show steady, flat employment growth throughout 2025. Meanwhile, hourly earnings growth for U.S. small business workers reached a four-year low at 2.77% in May. "Despite the rapidly changing news cycle, the underlying labor market remains fundamentally healthy, and small business owners have remained resilient," said John Gibson, Paychex president and CEO. "While inflation concerns remain for business owners, wage inflation in small businesses continued to moderate and reached a new four-year low in May." Jobs Index and Wage Data Highlights At 99.81 in May, the national Small Business Jobs Index continued to report steady, flat employment growth in 2025. National hourly earnings growth (2.77%) for small business workers continued its slow descent to a new four-year low (May 2021: 2.74%). Three-month annualized hourly earnings growth (2.45%) fell to its lowest level since December 2020 (1.66%). The Midwest (100.19) has represented the strongest region for small business employment growth for the past year, while the West continues to lag all regions and reported an index level below 100 for the 14th consecutive month in May. Construction dropped 0.68 percentage points to a jobs index of 99.69 in May, marking its lowest level since March 2021. Job growth in the Leisure and Hospitality industry remained last among sectors for the fourth consecutive month at 98.18 in May. More Information For more information about the Paychex Small Business Employment Watch, visit the website and sign up to receive monthly Employment Watch alerts. *Information regarding the professions included in the industry data can be found at the Bureau of Labor Statistics website. About the Paychex Small Business Employment Watch The Paychex Small Business Employment Watch is released each month by Paychex, Inc. Focused exclusively on businesses with fewer than 50 workers, the monthly report offers analysis of national employment and wage trends and examines regional, state, metro, and industry sector activity. Drawing from the payroll data of approximately 350,000 Paychex clients, this powerful industry benchmark delivers real-time insights into the small business trends driving the U.S. economy. The jobs index is scaled to 100, which represents no year-over-year change in job growth among same store businesses. Index values above 100 represent new jobs being added, while values below 100 represent jobs being lost. About Paychex Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company's purpose of helping businesses succeed. Visit to learn more. Visit to learn more. View source version on Contacts Media: Tracy VolkmannPaychex, Public Relations(585) 387-6705tvolkmann@ @Paychex 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
CNBC
03-06-2025
- Business
- CNBC
Paychex CEO John Gibson: Small businesses are 'a little frozen' right now
Paychex CEO John Gibson joins 'Squawk Box' to discuss the latest data from Paychex's Small Business Jobs Index.
Scotsman
23-05-2025
- Business
- Scotsman
Lochmaben Manufacturer is Raising the Roof for Continued Carbon Reduction
Lochmaben-based roof tile manufacturer is leading the charge in sustainability. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... As Scotland continues to grapple with its carbon reduction targets on the road to Net Zero, Lochmaben-based manufacturer, Russell Roof Tiles, remains a pioneer with continued development in this arena. As a leader in the sector, the manufacturer, in Halleaths, has a responsibility to support the wider building industry in its efforts to reduce carbon output. The firm announced its ambitious pledge to become Net Zero by 2040 (in 2022), five years earlier than the agreed Scottish Government target. Advertisement Hide Ad Advertisement Hide Ad Celebrating its 60th anniversary this year, the 11-acre site was founded by John Gibson in 1965 and was originally known as the Annandale Tile Company (which later became Russell Roof Tiles) and employs a team of 50. Linde Forklift Truck in Action at Russell Roof Tiles Russell Roof Tiles has made huge strides in reducing its environmental impact, remaining ahead of schedule on the road to Net Zero for the third year running. Its most recent carbon reduction report revealed that in 2024 its emissions were 6.7 per cent below target levels, with the firm emitting 2,476.50 tonnes compared to the projected 2,655.27. Russell Roof Tiles' continued success on the road to Net Zero is thanks to its strategic site upgrades and product development. Most recently, the manufacturer strengthened its electric vehicle fleet company-wide with the acquisition of three new Lansing Linde electric forklift trucks. Three years after first investing in electric forklifts as part of its sustainability efforts, this brings the manufacturer's fleet to 12 in total, replacing old diesel forklift trucks across its Lochmaben and Burton on Trent sites to cut emissions and boost efficiency. Advertisement Hide Ad Advertisement Hide Ad This investment is one of the latest in a long line as part of Russell Roof Tiles' ongoing commitment to enhancing product offerings and advancing on its journey towards greater energy efficiency. L-R Chris Probert of Lansing Linde and Bruce Laidlaw, Operations Director at Russell Roof Tiles In 2023 Russell Roof Tile invested £750,000 in major upgrades at the Lochmaben plant, one of the biggest upgrades the site has seen since operations began in 1986. This work improved efficiency and sped up manufacturing and included a new, more-insulated curing chamber with a modern and improved heating system. This follows a £2.5 million investment in 2022. Andrew Hayward, Managing Director at Russell Roof Tiles, said: 'Another year of outstanding results highlights the powerful impact of our continued efforts to reduce our carbon emissions. We're focusing not just on our manufacturing impact but also on the influence of our products, which is why we are pleased to be bringing innovations like our Bute3® triple interlocking multipurpose roof tile to the market. With a 20 per cent more efficient production process and 40 per cent fewer deliveries required to site, we're significantly reducing the environmental impact of our products.'
