Latest news with #MPS
Business News Wales
a day ago
- Business
- Business News Wales
Cierco Energy and Marine Power Systems Forge Strategic Partnership to Accelerate Deep-Water Offshore Wind Technology in the Celtic Sea
Cierco Energy and Marine Power Systems (MPS) have signed a Memorandum of Understanding (MoU) as a first step towards the deployment of MPS PelaFlex technology in one of the Llŷr Test and Demonstration projects in the Celtic Sea. The MoU formalises a strategic partnership which brings together Cierco's expertise in offshore wind project development and MPS's game-changing PelaFlex technology solutions. Designed for high performance and cost-effectiveness, specifically in deep water, PelaFlex significantly reduces weight, material use and installation timelines while supporting a regional supply chain through its modular design and compatibility with standard UK port infrastructure. Building on the UK's 20 years' experience gained in fixed-bottom offshore wind, both parties say they will prove how a transitional approach and maximising the use of existing infrastructure and supply chain capacity can significantly reduce the cost and risk when accessing deeper waters. 'We are excited to partner with Marine Power Systems as we work towards our shared vision of advancing deep-water offshore wind in the UK,' said Scott Harper, CEO of Cierco Energy. 'Together, we aim to unlock the potential of deep-water offshore wind technology, benefiting not only the energy industry but also positioning Wales as a leader in renewable energy. Initiatives like the Llŷr project are crucial for accelerating the growth of the offshore wind sector and establishing Wales as a hub for renewable energy innovation. These pioneering projects will play a vital role in building a resilient supply chain and enhancing investor confidence. Our commitment extends beyond low-carbon energy; we are dedicated to driving economic growth and creating high-skilled jobs within our communities.' Gareth Stockman, CEO at Marine Power Systems, said: 'Collaborating with Cierco on Llŷr is a defining moment for our journey to commercial scale. 'This partnership will expedite our path to market and will provide a real-world showcase of how PelaFlex meets the toughest challenges facing the offshore wind sector – cost, complexity, and scaling deployment in deeper waters. Our PelaFlex platform solutions unlock new horizons for offshore wind energy in depths that are beyond the realms of being economically viable with fixed bottom foundations. Designed for industrialisation and integration with UK ports, our technology solutions bring real value to the supply chain and regional economy. And with our headquarters in Wales, we're proud this innovation story starts at home.' The Llŷr projects, located around 40 km off the Pembrokeshire coast, will play a critical role in validating and refining deep water offshore wind technology at commercial scale ahead of industrial scale, developments. They'll also support the development of robust UK supply chains and help inform environmental, operational and consenting best practices for the wider industry.
Daily Express
4 days ago
- Business
- Daily Express
100pc rental hike for Sandakan stalls draws ire
Published on: Saturday, July 19, 2025 Published on: Sat, Jul 19, 2025 By: Abbey Junior Text Size: Tan talking to an affected hawker. SANDAKAN: A 100pc rental hike for stalls at Sandakan's central market night wholesale section has sparked outrage among traders, with a local leader urging the Sandakan Municipal Council (MPS) to step in. Warisan Pekan Sandakan branch chief Stanley Tan Vui Chung said he received complaints from hawkers operating in the late-night to early-morning section, where monthly rental has reportedly surged from RM150 to RM300. Advertisement This prompted him to visit the site and speak to the hawkers, many of whom were unhappy with the sudden increase. 'Most of them are upset because they don't understand why the rent has doubled overnight,' he said, adding that the section is managed by a private company appointed by MPS. About 80 hawkers are affected. Tan said they were previously charged RM2 per night (RM60 monthly), which was later raised to RM5 (RM150), and is now set to increase to RM10 per night (RM300 monthly). 'What makes this absurd is that these stalls don't even have basic amenities. No electricity, no water, no canopy — just a bare lot,' he said. In comparison, stalls inside MPS-controlled markets only pay RM60 a month and are equipped with fans, lighting, water supply and proper structures. 'Outside hawkers have to bring their own tents, lights, fans and water — and still pay more. It's unfair,' he added. Tan hopes the private company will reconsider the hike and take responsibility for providing basic facilities, saying the current situation is unacceptable. Although the fee was imposed by a private company, Tan reminded that the area still falls under the Council's jurisdiction and oversight. 'I urge MPS to inspect the site, review the charges imposed by the company and ensure fairness. The people are already burdened by the rising cost of living,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Business Standard
5 days ago
- Business
- Business Standard
MPS consolidated net profit rises 36.11% in the June 2025 quarter
Sales rise 3.08% to Rs 186.28 croreNet profit of MPS rose 36.11% to Rs 35.24 crore in the quarter ended June 2025 as against Rs 25.89 crore during the previous quarter ended June 2024. Sales rose 3.08% to Rs 186.28 crore in the quarter ended June 2025 as against Rs 180.72 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 3 OPM %27.0022.71 -PBDT57.1442.92 33 PBT50.1336.08 39 NP35.2425.89 36 Powered by Capital Market - Live News
The Star
6 days ago
- Automotive
- The Star
Possible delay in parking deal
MPS, MBPJ, MBSA and MBSJ will set the policies in the privatisation of on-street parking under the SIP initiative. — Filepic THE planned Aug 1 rollout of Selangor's on-street parking privatisation exercise may be delayed if parties fail to agree on the terms. State local government and tourism committee chairman Datuk Ng Suee Lim said the privatisation under Selangor's Intelligent Parking (SIP) initiative hinges on final consent from all involved parties, including the four local councils involved in the first phase. While an in-principle agreement was in place, he said the finalisation of key details such as revenue sharing and contract duration was still underway and could delay the plan. 'We are currently finalising all the details. 'The Selangor state executive council may request a delay in implementation if certain parties are not agreeable to specific details,' he said. The four local councils (PBTs) involved in the first phase are Petaling Jaya City Council (MBPJ), Subang Jaya City Council (MBSJ), Shah Alam City Council (MBSA) and Selayang Municipal Council (MPS). Ng was speaking at a press conference to address concerns regarding Selangor's move to privatise on-street parking fee collection, enforcement and management under the SIP initiative. Ng (centre), Mohd Ramali (left) and Johary fielding questions on Selangor's move to privatise parking fee collection, enforcement and management. He said the tripartite agreement involved the PBTs as the policy-setters, Menteri Besar Incorporated's (MBI) subsidiary Rantaian Mesra Sdn Bhd as the system coordinator and a private concessionaire as the system operator. 'The agreement will streamline and centralise the on-street parking system across all PBTs in Selangor,' he said. Ng added that the move was in line with the Local Government Act 1976 (Act 171). 'The implementation of on-street parking management through a concessionaire is not new in Selangor, as it has been used since 1996. 'As of June, five PBTs, including MBSA and MPS, still use the concession method,' said Ng, without explaining the difference between the SIP and the current concession agreements. He said that under the new agreement, enforcement would remain under local council jurisdiction, while the concessionaire would pay the salaries of enforcement officers and handle operational costs. 'Parking revenue will be distributed between the PBTs, Rantaian Mesra and the concessionaire based on an agreed model. 'PBTs will not bear any operational costs and can expect higher long-term revenue.' He said the concessionaire would invest RM200mil in infrastructure for SIP, including installing about 1,800 CCTV cameras across the first phase's four local councils' jurisdiction. He acknowledged that the local councils might initially see a dip in revenue, but were projected to benefit significantly after three years. Also present at the press conference at the State Secretariat building in Shah Alam were MBI Selangor general manager Mohd Ramali Abu Bakar and Selangor Deputy State Secretary (Development) Datuk Johary Anuar. At an earlier event that day, Selangor Mentri Besar Datuk Seri Amirudin Shari had said that he would review the SIP initiative. 'I will look into this again since the issue has been brought up,' he said, confirming that Ng's statement on the privatisation of on-street parking were accurate. Amirudin said the state had received 26 Requests for Proposal by interested parties for the SIP and that MBI Selangor, which would oversee the concessionaire's performance, would prioritise the state's interest. 'We do not want to award it to just any party. 'In the past, some private operators were effective in collecting parking fees, while others were not,' he said.
Yahoo
15-07-2025
- Business
- Yahoo
Monolithic Power Systems to Report Second Quarter 2025 Results on July 31, 2025
KIRKLAND, Wash., July 15, 2025 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the second quarter ended June 30, 2025. MPS will report its results after the market closes on Thursday, July 31st. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the second quarter ended June 30, 2025. MPS will host a question-and-answer conference call at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at The Zoom webcast can also be accessed live over the phone by dialing (669) 444-9171; the webcast ID is 98147401910. A replay of the event will be available for one year under the Investor Relations website at two hours after the live event has concluded. About Monolithic Power Systems, Power Systems, Inc. ('MPS') is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS's mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at or its support offices around the world. ### Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries. Contact:Bernie BlegenExecutive Vice President and Chief Financial OfficerMonolithic Power Systems, 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
