Latest news with #LiDAR
Yahoo
8 hours ago
- Business
- Yahoo
Enablence Technologies Inc. Announces Third Quarter Fiscal 2025 Financial Results
Ottawa, Ontario--(Newsfile Corp. - May 30, 2025) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading provider of optical chips and sub systems that perform communications, sensing and computing datacom, telecom, automotive and artificial intelligence (AI) applications has filed its audited financial statements for the third quarter ending March 31, 2025 and related management's discussion and analysis and certifications (collectively, the "Financial Statements"). Electronic copies of the Financial Statements are available on SEDAR ( under Enablence's issuer profile. Commenting on the Company's third quarter, fiscal year 2025 performance, CEO, Todd Haugen stated, "The macro-economic outlook has been disrupted by recent, short-term geo-political events that impacted supply chain operations of Enablence and the industry at large. Despite the challenges posed by these extraordinary events, I am pleased to report that we have been able to minimize the global impact of these events on our operational plan for the time-being and can report another strong quarter. Consequently, we remain committed to the lower end of the previously stated guidance in respect of our revenue target for Fiscal Year 2025." "Our order book is strong, and we continue to grow revenue in our core datacom business which is strengthening in line with expectations," said Haugen. "In addition, we are gaining new market share and customers in artificial intelligence and advanced vision businesses, especially in the LiDAR space as evidenced by the recent Light IC announcement unveiling the first FMCW chip for LiDAR applications. In terms of our strategic growth plan, I can report that demand continues to be strong across all three businesses – optical communications, optical sensing, and optical compute." Financial Highlights Enablence is pleased to provide the following highlights for the third quarter 2025FY (all dollar figures are expressed in thousands of United States dollars): Revenue Growth: Revenue for the three months ended March 31, 2025 was $1,248 as compared to $412 for the same period in the prior year, an increase of $836 or 203%. For the nine months ended March 31, 2025, revenue was $2,869, up 294% from $977 in the same period last year. Gross Margin Improvement: The company's gross margin declined by $172, with a reported gross margin of $(782) for the quarter, compared to $(610) in the previous year. While there was a nominal decline, the gross margin percentage improved significantly as capacity increased. Net Loss Increase: Enablence reported a net loss of $3,023, compared to a $2,069 net loss in the same quarter last year, an increase of 46%. The slightly higher loss was driven by investments in Sales & Marketing, R&D and investments in capacity. Improved Comprehensive Loss Position: The company's comprehensive loss increased to $4,384 for the quarter, compared to $2,954 in the same period last year. Stronger Cash Position: Enablence ended the quarter with $3,422 in cash and cash equivalents, a significant increase from $614 as of March 31, 2024, supporting its ongoing operations and future growth initiatives. Continuing Investment: Investors injected another $4,528 in new funding over the period as the Company continues to invest in manufacturing capacity and R&D as its products continue to gain significant traction. Outlook Based on the Company's current business outlook, management expects the overall performance for Fiscal Year 2025 to be as follows: Guidance in respect of our revenue target for FY25 remains $6M +/- $0.5M Based on current updated projections, we expect to become gross margin positive in calendar year 2025. The "Financial Highlights" above are qualified in their entirety by the Financial Statements, which are available on SEDAR ( under Enablence's issuer profile. For additional information on the Company, please refer to the investor presentation of the Company, which is available on Enablence's website ( in the "Corporate - Investors" tab. About Enablence Technologies Inc. Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: For more information contact: Stan Besko, MBA, CFOEnablence Technologies Todd Haugen, CEOEnablence Technologies Ali MahdaviCapital Markets & Investor Relationsam@ Media and AnalystsAlison ParnellHill and Kincaid Marketing & PRpress@ Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR ( under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit
Yahoo
8 hours ago
- Business
- Yahoo
Enablence Technologies Inc. Announces Third Quarter Fiscal 2025 Financial Results
Ottawa, Ontario--(Newsfile Corp. - May 30, 2025) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading provider of optical chips and sub systems that perform communications, sensing and computing datacom, telecom, automotive and artificial intelligence (AI) applications has filed its audited financial statements for the third quarter ending March 31, 2025 and related management's discussion and analysis and certifications (collectively, the "Financial Statements"). Electronic copies of the Financial Statements are available on SEDAR ( under Enablence's issuer profile. Commenting on the Company's third quarter, fiscal year 2025 performance, CEO, Todd Haugen stated, "The macro-economic outlook has been disrupted by recent, short-term geo-political events that impacted supply chain operations of Enablence and the industry at large. Despite the challenges posed by these extraordinary events, I am pleased to report that we have been able to minimize the global impact of these events on our operational plan for the time-being and can report another strong quarter. Consequently, we remain committed to the lower end of the previously stated guidance in respect of our revenue target for Fiscal Year 2025." "Our order book is strong, and we continue to grow revenue in our core datacom business which is strengthening in line with expectations," said Haugen. "In addition, we are gaining new market share and customers in artificial intelligence and advanced vision businesses, especially in the LiDAR space as evidenced by the recent Light IC announcement unveiling the first FMCW chip for LiDAR applications. In terms of our strategic growth plan, I can report that demand continues to be strong across all three businesses – optical communications, optical sensing, and optical compute." Financial Highlights Enablence is pleased to provide the following highlights for the third quarter 2025FY (all dollar figures are expressed in thousands of United States dollars): Revenue Growth: Revenue for the three months ended March 31, 2025 was $1,248 as compared to $412 for the same period in the prior year, an increase of $836 or 203%. For the nine months ended March 31, 2025, revenue was $2,869, up 294% from $977 in the same period last year. Gross Margin Improvement: The company's gross margin declined by $172, with a reported gross margin of $(782) for the quarter, compared to $(610) in the previous year. While there was a nominal decline, the gross margin percentage improved significantly as capacity increased. Net Loss Increase: Enablence reported a net loss of $3,023, compared to a $2,069 net loss in the same quarter last year, an increase of 46%. The slightly higher loss was driven by investments in Sales & Marketing, R&D and investments in capacity. Improved Comprehensive Loss Position: The company's comprehensive loss increased to $4,384 for the quarter, compared to $2,954 in the same period last year. Stronger Cash Position: Enablence ended the quarter with $3,422 in cash and cash equivalents, a significant increase from $614 as of March 31, 2024, supporting its ongoing operations and future growth initiatives. Continuing Investment: Investors injected another $4,528 in new funding over the period as the Company continues to invest in manufacturing capacity and R&D as its products continue to gain significant traction. Outlook Based on the Company's current business outlook, management expects the overall performance for Fiscal Year 2025 to be as follows: Guidance in respect of our revenue target for FY25 remains $6M +/- $0.5M Based on current updated projections, we expect to become gross margin positive in calendar year 2025. The "Financial Highlights" above are qualified in their entirety by the Financial Statements, which are available on SEDAR ( under Enablence's issuer profile. For additional information on the Company, please refer to the investor presentation of the Company, which is available on Enablence's website ( in the "Corporate - Investors" tab. About Enablence Technologies Inc. Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: For more information contact: Stan Besko, MBA, CFOEnablence Technologies Todd Haugen, CEOEnablence Technologies Ali MahdaviCapital Markets & Investor Relationsam@ Media and AnalystsAlison ParnellHill and Kincaid Marketing & PRpress@ Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR ( under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit
Metro
15 hours ago
- Science
- Metro
‘Gateway to the underworld' discovered beneath ancient temple
Hiyah Zaidi Published May 27, 2025 4:46pm Updated May 27, 2025 4:46pm Link is copied Comments An ancient pyramid in Mexico was found to contain liquid mercury and experts believe it may have been considered as a 'gateway to the underworld'. It's thought that this finding could suggest the existence of a king's tomb or a ritual chamber below one of the most ancient cities of the Americas. The Quetzalcoatl temple – also known as the Feathered Serpent Pyramid – sits in the ancient city of Teotihuacan, Mexico, and is thought to have been built around 1,800 and 1,900 years ago (Picture: Yasemin Kalyoncuoglu/Anadolu via Getty) It remained mysterious for many years, until in 2015, when researchers discovered a large amount of liquid mercury, which they suggested meant the structure was used to 'look into the supernatural world'. Mexican researcher Dr Sergio Gómez had spent six years slowly excavating the tunnel, which was unsealed in 2003 after 1,800 years (Picture: REUTERS/Henry Romero) In the excavation, they found three chambers at the end of a 300ft tunnel that sat almost 60ft below the temple. Near one of the entrances, they found a trove of artefacts which includes jade statues, jaguar remains, and a box filled with carved shells and rubber balls. And of course, they also found liquid mercury. This is not the first time liquid mercury has been found at an ancient site. Dr Rosemary Joyce said at the time archaeologists have found mercury at three other sites around Central America (Picture: INAH/Handout via Reuters) Dr Gómez suggests that the liquid may have symbolised an underworld river or lake. This idea is echoed by Dr Annabeth Headreck, a professor at the University of Denver. She told the Guardian that the shimmering reflective qualities of liquid mercury could have resembled 'an underworld river, not that different from the river Styx' (Picture: REUTERS/Henry Romero) She said: 'Mirrors were considered a way to look into the supernatural world, they were a way to divine what might happen in the future. It could be a sort of river, albeit a pretty spectacular one' (Picture: Apolline Guillerot-Malick/SOPA Images/LightRocket via Getty) Over the next 16 years, Dr Gómez and his team excavated over 3,000 ceremonial and ritual artefacts and have now developed a comprehensive survey of the pyramid and tunnel using LiDAR scanners and photogrammetry. And a few archaeologists have contributed their knowledge of the pyramid site and its cultural significance to amplify their understanding of the site (Picture: DeAgostini/Getty) The temple of Quetzalcoatl is a monument which lies in the centre of the Mesoamerican Teotihuacan universe. It sits around 12 miles northeast of Mexico City in the ancient city of Teotihuacán. It was designated as a UNESCO World Heritage site in 1987, and receives around 4.5 million visitors annually. The Aztecs referred it as the place where the Gods were created, and the Quetzalcoatl is the third largest pyramid in the city (Picture: REUTERS/Henry Romero)
Yahoo
a day ago
- Business
- Yahoo
Deployment of BVLOS-Capable Drones Expands Market Reach in Large-Scale Oilfield Applications
Growth is driven by the increasing adoption of drones due to their efficiency and cost-effectiveness compared to traditional methods, advancements in sensor technology, and the heightened focus on environmental regulations and safety. Drones equipped with cutting-edge TDLAS, OGI, and LiDAR sensors provide precise and rapid leak detection, enhancing regulatory compliance and environmental stewardship. Drone-based Gas Leak Detection in Oil and Gas Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Drone-based Gas Leak Detection in Oil and Gas - Global Strategic Business Report" has been added to global market for Drone-based Gas Leak Detection in Oil and Gas was valued at US$8.2 Billion in 2024 and is projected to reach US$10.6 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Drone-based Gas Leak Detection in Oil and Gas market. Why Are Drones Emerging as a Game-Changer in Gas Leak Detection?Drone-based gas leak detection is rapidly transforming monitoring and safety protocols across the oil and gas industry. Traditional ground-based and manned aerial surveillance methods are often time-consuming, expensive, and limited in scope, especially in vast or hazardous environments like offshore rigs, remote pipelines, and gas processing facilities. Drones equipped with advanced sensors - such as tunable diode laser absorption spectroscopy (TDLAS), optical gas imaging (OGI), and LiDAR - offer a cost-effective, rapid, and non-intrusive solution. These UAVs can cover large distances in less time while providing high-resolution spatial data on methane, propane, ethane, and other volatile gases, helping detect minute leaks early before they escalate into safety or environmental ability to fly at low altitudes and hover near high-risk infrastructure allows drones to capture detailed data inaccessible to conventional systems. Moreover, they minimize human exposure to dangerous zones, especially in high-pressure pipelines or flammable environments. In upstream exploration, drones help identify fugitive emissions around drilling operations; in midstream transport, they monitor transmission lines; and in downstream refining, they scan critical storage and processing zones. The precision and frequency of drone inspections also improve regulatory compliance with environmental mandates - such as those from the U.S. EPA, EU Methane Strategy, and Canada's Clean Fuel Regulations - further enhancing their market Key Technologies Are Advancing Drone-Based Detection Systems?The rise of drone-based gas leak detection is fueled by ongoing breakthroughs in miniaturized, high-sensitivity sensor payloads and integrated data analytics platforms. TDLAS systems, for example, can detect methane concentrations as low as parts per billion, while OGI cameras operating in the mid-wave infrared (MWIR) range provide real-time visual feedback on invisible hydrocarbon plumes. Paired with GPS and inertial measurement units (IMUs), these sensors offer geo-tagged leak data that can be mapped and analyzed to identify trends, hotspot areas, and maintenance priorities. Integration of AI and machine learning is further enabling drones to autonomously differentiate between false positives and real threats, thus enhancing detection accuracy and operational platforms and edge computing are making it easier to process and interpret leak data in real-time. Drones can now transmit leak intensity, GPS coordinates, and thermal imaging data instantly to control centers, enabling faster response actions. The addition of LiDAR technology is also enhancing structural modeling and fault prediction by providing 3D terrain and infrastructure mapping. Meanwhile, hybrid UAV designs with extended flight endurance - such as hydrogen fuel cell drones or tethered drones - are overcoming the battery limitations of conventional quadcopters, allowing longer surveillance missions. These technological advances are pushing drone-based leak detection from a pilot-stage innovation to a mainstream industrial Is Driving Market Growth and Commercial Investment?The growth in the drone-based gas leak detection market is driven by several factors related to sensor innovation, end-use expansion, and regulatory compliance needs. One of the primary growth drivers is the development of compact, lightweight gas detection modules compatible with commercial-grade drones. This has made deployment easier for smaller oil and gas operators, expanding the addressable market. Additionally, demand from midstream operators for pipeline monitoring - especially in politically or geographically sensitive areas - is increasing investment in long-range drone surveillance solutions equipped with AI-powered analytics and automated reporting market is also benefiting from the rising integration of UAV operations into enterprise asset management systems and environmental performance platforms. This convergence allows drone-collected data to feed directly into maintenance workflows, emission inventories, and ESG reporting dashboards. Meanwhile, regulatory shifts mandating frequent and verifiable leak detection in regions like North America, the EU, and the Middle East are compelling energy companies to adopt drone technology to avoid fines, improve transparency, and gain public trust. Moreover, the rise of service-based business models - wherein third-party providers offer drone-based detection as a managed service - is lowering adoption barriers and attracting new users. These developments are positioning drone-based gas leak detection as a strategic pillar in modern oil and gas operations, with continued growth expected through the end of the ScopeThe report analyzes the Drone-based Gas Leak Detection in Oil and Gas market, presented in terms of market value (US$ Thousand). The analysis covers the key segments outlined Technology (Fixed Gas Sensors, Open Path Gas Sensors, Portable Gas Sensors, Optical Gas Imaging, Infrared Imaging, UV Imaging, Other Technologies) Drone Type (Fixed-Wing Drones, Multirotor Drones, Hybrid Drones) Gas Type (Methane, Hydrogen Sulfide, Propane, Other Gas Types); Category (Onshore, Offshore) Key Insights: Market Growth: Understand the significant growth trajectory of the Fixed Gas Sensors segment, which is expected to reach US$2.8 Billion by 2030 with a CAGR of a 3.8%. The Open Path Gas Sensors segment is also set to grow at 3.3% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $2.2 Billion in 2024, and China, forecasted to grow at an impressive 7.8% CAGR to reach $2.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as ABB Ltd., Aeromon, ChampionX, DJI, FEDS Drone-powered Solutions and more. Tariff Impact Analysis: Key Insights for 2025Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments and incorporates forward-looking insights into the market analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and Attributes: Report Attribute Details No. of Pages 473 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $8.2 Billion Forecasted Market Value (USD) by 2030 $10.6 Billion Compound Annual Growth Rate 4.3% Regions Covered Global Key Topics Covered: MARKET OVERVIEW World Market Trajectories Drone-based Gas Leak Detection in Oil and Gas - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Stringent Emission Regulations Drive Adoption of Drone-Based Methane and Gas Leak Detection Technologies Integration of Infrared and Laser Spectroscopy Sensors Enhances Accuracy of UAV-Based Leak Surveys Growing Focus on Environmental Compliance Strengthens Business Case for Autonomous Drone Monitoring Cost Reduction in Pipeline Inspection Operations Spurs Demand for Aerial Leak Detection Drones Expansion of Remote and Hard-to-Reach Oilfields Propels Growth of Drone-Based Surveillance Systems Advancements in AI-Enabled Data Analytics Improve Detection Precision and Reduce False Positives Increased Frequency of ESG Audits Drives Oil Companies to Adopt Real-Time Leak Monitoring Technologies Integration of Cloud Platforms and Edge Computing Enhances Real-Time Gas Leak Reporting Capabilities Rising Incidents of Pipeline Failures Highlight Need for Preventive Aerial Gas Monitoring Solutions Deployment of BVLOS-Capable Drones Expands Market Reach in Large-Scale Oilfield Applications Energy Sectors Push for Digital Transformation Accelerates Adoption of Automated Leak Detection Systems Use of Multispectral Imaging in Drones Strengthens Detection Capabilities in Complex Environments FOCUS ON SELECT PLAYERS Some of the 32 companies featured in this Drone-based Gas Leak Detection in Oil and Gas market report include: Aeromon ChampionX DJI FEDS Drone-powered Solutions Flogistix LaSen, Inc. MFE Inspection Solutions Mile High Drones OSS Enviro Percepto Pergam-Suisse AG RAE Systems (Honeywell) SeekOps Inc. SensorUp Soarability Taurob Terra Drone Corporation Vision Aerial Volatus Aerospace For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Drone-based Gas Leak Detection in Oil and Gas Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Dubai Eye
2 days ago
- Dubai Eye
Abu Dhabi's jet-powered drone 'Suhail' to speed up emergency response
Abu Dhabi has unveiled a jet-powered firefighting drone to speed up emergency response and reach areas inaccessible to human crew. Making the announcement during Expo 2025 in Japan, Abu Dhabi Civil Defence Authority said 'Suhail' is equipped with smart systems and its jet power allows for rapid deployment and precise navigation in high-risk environment. The drone also integrates laser imaging detection and ranging (LiDAR) technology, which allows it to "see" in 3D. This enables Suhail to map surroundings, identify hazards and navigate through smoke-filled areas with enhanced situational awareness. مسؤولون في هيئة أبوظبي للدفاع المدني يتحدثون عن الطائرة المسيّرة "سهيل"، الأولى من نوعها في العالم التي تعمل بمحركات دفع نفاثة، التي كشفت عنها الهيئة خلال معرض إكسبو 2025 في اليابان، ويسلطون الضوء على ريادة #أبوظبي في مجالات السلامة العامة. — مكتب أبوظبي الإعلامي (@ADMediaOffice) May 28, 2025
