Latest news with #SES
Yahoo
9 hours ago
- Business
- Yahoo
SES AI (SES) Soars 15% on Reaffirmed Growth Outlook
We recently published . SES AI Corporation (NYSE:SES) is one of the best-performing stocks on Monday. SES AI jumped by 15.25 percent on Monday to close at $1.36 apiece as investors cheered its reaffirmation of growth guidance for full-year 2025 and release of preliminary earnings results. In the second quarter of the year, SES AI Corporation (NYSE:SES) said it expects to report $3.5 million in revenues for the second quarter of the year, pushing its first-half revenue to $9.3 million. The company is scheduled to release official results after market close on August 4, 2025, followed by a conference call later in the day. Following the preliminary results, SES AI Corporation (NYSE:SES) affirmed its year-end revenue target of $15 million to $25 million. In a separate statement, SES AI Corporation (NYSE:SES) announced plans to fully acquire energy storage systems provider UZ Energy for $25.5 million. UZ Energy specializes in designing and manufacturing ESS products for commercial and industrial applications. It has deployed over 500 MWh of ESS safely in over 60 countries with zero incidents. Photo by Kumpan Electric on Unsplash 'AI data centers in the US are on track to triple their share of national electricity usage by 2028. This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe's ability to deliver better ESS battery materials and health monitoring systems by providing real-world data to train our models,' said SES AI Corporation (NYSE:SES) founder and CEO Qichao Hu. While we acknowledge the potential of SES as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 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
Broadcast Pro
a day ago
- Business
- Broadcast Pro
SES and Luxembourg Government to develop second satellite for GovSat
Built by Thales Alenia Space on the Spacebus 4000B2 platform, the new satellite will expand connectivity services for government clients by offering broader coverage. SES and the Luxembourg Government have announced their plan for development of a second satellite for GovSat (LuxGovSat S.A.), the public-private partnership and 50/50 joint venture between SES and the Luxembourg Government that provides secure, reliable and accessible satellite communication services for governments. GovSat-2 will be positioned over the European satellite arc. It will join GovSat-1 in augmenting reliable connectivity services for government customers over the region. The satellite will be built by Thales Alenia Space on its Spacebus 4000B2 platform. Since launching in 2018, the joint ventures first defence satellite, GovSat-1, operated by GovSat from a secure mission operations centre in Luxembourg, has supported the Luxembourg Directorate of Defence, EU and NATO nations, the U.S. Department of Defence, and other governmental users. The state-of-the-art GovSat-2 satellite will extend the coverage and scale of GovSat, and is designed to address the needs of defence users at the highest Security and Service Assurance Level. The satellite will add new ultra-high frequency (UHF) channels, X- and military Ka-band and will include other security features such as dedicated hardening, an advanced anti-jamming system and embedded geolocation. The investment in GovSat-2 is in line with SES's stated financial policy criteria, and also in line with prior combined company CAPEX guidance. The satellite will be co-funded by SES and the Luxembourg Government, subject to approval of the corresponding draft law by Parliament. Yuriko Backes, Minister of Defence of Luxembourg, said: 'The procurement of GovSat-2 underscores the success of the GovSat public-private partnership to provide Luxembourg, our allies and partners with secure military satellite communications that supplement their national systems and support a wide range of critical military, defence and civilian security applications. With GovSat-2, Luxembourg will once again demonstrate its significant impact in the field of Space.' Adel Al-Saleh, CEO of SES, added: 'With geopolitical shifts and an increased need for scalable national security and defence capabilities, we are seeing growing demand for secure, reliable geostationary (GEO) connectivity with comprehensive coverage across Europe, the Middle East and Africa as well as the Atlantic and Indian Oceans, the Mediterranean and the Baltic Seas. As governments across Europe look to bolster their sovereign satellite communications for defence and intelligence needs, GovSat-2 gives GovSat additional MILSATCOM capacity to address this strategic area of growth.' Patrick Biewer, CEO of GovSat, stated: 'GovSat-2 reflects the growing demand in military satcom, allowing our GovSat public-private venture to scale and broaden the services we have been providing since 2018. For this brand new satellite, we are adding more frequency bands along with innovative functionalities for it to be well-positioned to address the future connectivity challenges the NATO and partner nations face.'
Irish Independent
3 days ago
- Business
- Irish Independent
David Quinn: As ministers spend billions to mollify lobby groups, who is making the case for the taxpayer?
Reducing the tax burden on workers slips ever further down the Government's list of priorities. The Summer Economic Statement (SES) released last week massively prioritises increased public spending over tax reductions.
The Australian
3 days ago
- Climate
- The Australian
Seven hikers saved in Kosciuszko alpine rescue
A massive six-hour rescue operation has saved a group of hikers who were stranded in heavy snow in NSW's Snowy Mountains. The group of seven hikers activated a personal locator beacon (PLB) around 1.15pm on Saturday along a trek in the Kosciuszko National Park. Police, SES and NSW ambulance were part of the rescue team. The group, who were aged from 21 to 48, was found at about 7pm. They had reportedly become disoriented after a sudden change in weather on their hike. They were all assessed by paramedics at the scene and treated for exposure to the cold. The group were then taken to Thredbo Village using a specialised Snowcat vehicle. Seven people have been rescued overnight after becoming stranded in heavy snow while hiking in Kosciuszko National Park. Monaro Police say having a Personal Locator Beacon enabled a rapid, targeted deployment. Picture: NSW Police Monaro Police District Commander Detective Acting Superintendent Keith Price urged hikers to look for weather alerts before embarking on any treks. 'Activating the PLB meant rescuers had a precise location as well as information about the stranded group, enabling the appropriate resources to be deployed more quickly,' he said. 'Even experienced hikers with the right gear can be impacted by sudden weather changes and our advice to all hikers in the Alpine area is to always check for weather alerts, plan your route carefully, and take a PLB.' The Dead Horse Gap hike is considered one of the more accessible treks in the Thredbo region. It is a mostly downhill 10km circuit that takes hikers from the top of the Kosciuszko Chairlift to Dead Horse Gap. Read related topics: Weather Brendan Kearns Cadet Journalist Brendan Kearns is a cadet journalist with News Corp Australia. He has written for The Australian, the Herald Sun, the Geelong Advertiser, CHOICE, Cosmos, and The Citizen. He won Democracy's Watchdogs' Student Award for Investigative Journalism 2024 and hosted the third season of award-winning podcast Uncurated. He studied as Master of Journalism at The University of Melbourne, before that he worked as a video producer and disability worker. @brendandkearns Brendan Kearns
Yahoo
3 days ago
- Climate
- Yahoo
Seven hikers saved in alpine rescue
A massive six-hour rescue operation has saved a group of hikers who were stranded in heavy snow in NSW's Snowy Mountains. The group of seven hikers activated a personal locator beacon (PLB) around 1.15pm on Saturday along a trek in the Kosciuszko National Park. Police, SES and NSW ambulance were part of the rescue team. The group, who were aged from 21 to 48, was found at about 7pm. They had reportedly become disoriented after a sudden change in weather on their hike. They were all assessed by paramedics at the scene and treated for exposure to the cold. The group were then taken to Thredbo Village using a specialised Snowcat vehicle. Monaro Police District Commander Detective Acting Superintendent Keith Price urged hikers to look for weather alerts before embarking on any treks. 'Activating the PLB meant rescuers had a precise location as well as information about the stranded group, enabling the appropriate resources to be deployed more quickly,' he said. 'Even experienced hikers with the right gear can be impacted by sudden weather changes and our advice to all hikers in the Alpine area is to always check for weather alerts, plan your route carefully, and take a PLB.' The Dead Horse Gap hike is considered one of the more accessible treks in the Thredbo region. It is a mostly downhill 10km circuit that takes hikers from the top of the Kosciuszko Chairlift to Dead Horse Gap.
