Latest news with #watertechnology
The National
23-05-2025
- Business
- The National
Pictures of the week: From umbrellas in Dubai to a flying cow in Switzerland
Name: Kumulus Water Started: 2021 Founders: Iheb Triki and Mohamed Ali Abid Based: Tunisia Sector: Water technology Number of staff: 22 Investment raised: $4 million Monday, January 28 Iran v Japan, Hazza bin Zayed Stadium (6pm) Tuesday, January 29 UAEv Qatar, Mohamed Bin Zayed Stadium (6pm) Friday, February 1 Final, Zayed Sports City Stadium (6pm) %3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A %3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A EU fishing vessels guaranteed access to UK waters for 12 years Co-operation on security initiatives and procurement of defence products Youth experience scheme to work, study or volunteer in UK and EU countries Smoother border management with use of e-gates Cutting red tape on import and export of food %3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EEjari%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EYazeed%20Al%20Shamsi%2C%20Fahad%20Albedah%2C%20Mohammed%20Alkhelewy%20and%20Khalid%20Almunif%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EPropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ESanabil%20500%20Mena%2C%20Hambro%20Perks'%20Oryx%20Fund%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E8%3C%2Fp%3E%0A Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi Directors: Tarzan and Arab Nasser Rating: 4.5/5 Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes Premier League-standard football pitch 400m Olympic running track NBA-spec basketball court with auditorium 600-seat auditorium Spaces for historical and cultural exploration An elevated football field that doubles as a helipad Specialist robotics and science laboratories AR and VR-enabled learning centres Disruption Lab and Research Centre for developing entrepreneurial skills Fewer criminals put behind bars and more to serve sentences in the community, with short sentences scrapped and many inmates released earlier. Greater use of curfews and exclusion zones to deliver tougher supervision than ever on criminals. Explore wider powers for judges to punish offenders by blocking them from attending football matches, banning them from driving or travelling abroad through an expansion of 'ancillary orders'. More Intensive Supervision Courts to tackle the root causes of crime such as alcohol and drug abuse – forcing repeat offenders to take part in tough treatment programmes or face prison. Who inspires you? I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women's rights activist How do you relax? Yoga relaxes me and helps me relieve tension, especially now when we're practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres. What is favourite book? The Perks of Being a Wallflower - I think I've read it more than 7 times What is your favourite Arabic film? Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki What is favourite English film? Mamma Mia Best piece of advice to someone looking for a career at Google? If you're interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you're likely to identify the skills you need to develop. UAE coins Dh5 note Dh10 note Dh20 note Daniella Weiss and Nachala Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts. Harel Libi & Libi Construction and Infrastructure Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts. Zohar Sabah Runs a settler outpost named Zohar's Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel's State Attorney's Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat. Coco's Farm and Neria's Farm These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to 'serious abuse'. Mastery of audio-visual content creation. Cinematography, shots and movement. All aspects of post-production. Emerging technologies and VFX with AI and CGI. Understanding of marketing objectives and audience engagement. Tourism industry knowledge. Professional ethics. Sand storm Particle size: Larger, heavier sand grains Visibility: Often dramatic with thick "walls" of sand Duration: Short-lived, typically localised Travel distance: Limited Source: Open desert areas with strong winds Dust storm Particle size: Much finer, lightweight particles Visibility: Hazy skies but less intense Duration: Can linger for days Travel distance: Long-range, up to thousands of kilometres Source: Can be carried from distant regions Engine: Duel electric motors Power: 659hp Torque: 1075Nm On sale: Available for pre-order now Price: On request UAE fixturesMay 9, v MalaysiaMay 10, v QatarMay 13, v MalaysiaMay 15, v QatarMay 18 and 19, semi-finals May 20, final Director: Christopher McQuarrie Starring: Tom Cruise, Hayley Atwell, Simon Pegg Rating: 4/5 October 3: v Wuhan Jiangda Women's FCOctober 6: v Hyundai Steel Red Angels Women's FC October 9: v Sabah FA UAE coins Dh5 note Dh10 note Dh20 note AT4 Ultimate, as tested Engine: 6.2-litre V8 Power: 420hp Torque: 623Nm Transmission: 10-speed automatic Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800) On sale: Now A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities. Yadoo's House Restaurant & Cafe For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread. Golden Dallah For the cappuccino, luqaimat and aseeda. Al Mrzab Restaurant For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce. Al Derwaza For the fish hubul, regag bread, biryani and special seafood soup. In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders Director: Dean Fleischer Camp Rating: 4.5/5 %3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Ogram%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Kouatly%20and%20Shafiq%20Khartabil%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20On-demand%20staffing%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2050%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3EMore%20than%20%244%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Series%20A%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%2C%20Aditum%20and%20Oraseya%20Capital%3Cbr%3E%3C%2Fp%3E%0A Saturday (All UAE kick-off times) Cagliari v AC Milan (6pm) Lazio v Napoli (9pm) Inter Milan v Atalanta (11.45pm) Sunday Udinese v Sassuolo (3.30pm) Sampdoria v Brescia (6pm) Fiorentina v SPAL (6pm) Torino v Bologna (6pm) Verona v Genoa (9pm) Roma V Juventus (11.45pm) Parma v Lecce (11.45pm) Tonight's Chat is a series of online conversations on The National . The series features a diverse range of celebrities, politicians and business leaders from around the Arab world. Tonight's Chat host Ricardo Karam is a renowned author and broadcaster with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem. Intellectually curious and thought-provoking, Tonight's Chat moves the conversation forward. Facebook | Our website | Instagram Engine: 3.0-litre six-cylinder turbo Power: 398hp from 5,250rpm Torque: 580Nm at 1,900-4,800rpm Transmission: Eight-speed auto Fuel economy, combined: 6.5L/100km On sale: December Price: From Dh330,000 (estimate) Updated: May 23, 2025, 6:02 PM
The National
11-05-2025
- Business
- The National
Best photos of May 11:Devotees at Shwedagon Pagoda to mark Buddha's Birthday to Bus accident in Sri Lanka
Name: Kumulus Water Started: 2021 Founders: Iheb Triki and Mohamed Ali Abid Based: Tunisia Sector: Water technology Number of staff: 22 Investment raised: $4 million Stars: Toni Collette, Bella Heathcote, David Wenham, Omari Hardwick Director: Minkie Spiro Rating:2/5 Updated: May 11, 2025, 12:56 PM
Associated Press
08-05-2025
- Business
- Associated Press
Nephros Announces Financial Results for Quarter Ended March 31, 2025
First-Quarter Net Revenue of $4.9 million; Robust Growth Drives 38% Increase in Net Revenue SOUTH ORANGE, NJ - May 8, 2025 ( NEWMEDIAWIRE ) - Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration solutions to the medical and commercial markets, today announced financial results for the first quarter ended March 31, 2025. Financial Highlights 'Q1 2025 marked a strong start to the year, with a record quarterly net revenue of $4.9M characterized by robust growth and all-time highs in both core programmatic business and emergency response business. Net revenue increased by $1.4 million, or 38%, in the first quarter of 2025 compared to the same period in 2024,' said Robert Banks, President and Chief Executive Officer of Nephros. 'More specifically, the results of our programmatic business in the first quarter represent a pinnacle in performance, additionally complemented by a similar peak within our dialysis business. These increases in demand reflect improved reorder rates and, we believe, demonstrate the value of our product portfolio.' Robert Banks noted, 'As mentioned above, we saw a record escalation in emergency business along with more geographically diverse demand than in prior periods. While we continue to position ourselves as the company to rely on in a water-safety-related crisis, we do not anticipate this level of emergency activity to persist throughout the year, particularly with recent administrative changes and attitudes toward regulation. Rather, we continue to focus on our core programmatic business, an approach which continues to yield positive returns.' Commenting on overall performance and outlook, Robert Banks continued, 'Taking the totality of our business results into account, our first-quarter results highlight growing market adoption and operational momentum, as further evidenced by our expanding number of active sites - a record high of 1,600 in Q1 - and the hundreds of filter locations logged within our digital support app. Looking ahead, although the recent tariff activity has created some macro-economic uncertainties, we believe Nephros is well-positioned among long-term customers and with strong margins, to maintain our footing and weather challenges. To reinforce our standing, Nephros will continue to innovate with a pipeline of new product launches and capability advancements.' Financial Performance for the Quarter Ended March 31, 2025 Net revenue for the three months ended March 31, 2025, and 2024 was $4.9 million, and $3.5 million respectively, an increase of 38%. Our core programmatic revenue grew by 23% over the same period in 2024. The increase in programmatic sales reflects strong reorders, a number of new active sites, as well as some pre-ordering for the year ahead of a small price increase put through in February 2025. Cost of goods sold for the first quarter of 2025 was $1.7 million, compared with $1.3 million in the first quarter of 2024, an increase of 29%. Gross margin for the first quarter of 2025 was 65%, compared with 62% in the first quarter of 2024. The increase in gross margin was primarily driven by a price increase implemented during the first quarter and a more favorable product mix coupled with lower inventory reserves and write-offs compared to the prior period. Selling, general and administrative expenses for the first quarter of 2025 were approximately $2.3 million, compared with $2.1 million in 2024, an increase of 5% due to higher sales commissions resulting from increased revenue and stock compensation expense. Research and development expenses for the first quarter of 2025 were $0.3 million, compared with $0.2 million in the first quarter of 2024, an increase of 39% due to higher headcount. Depreciation and amortization expenses for the first quarter of 2025 were approximately $39,000, compared with approximately $33,000 in the first quarter of 2024. As a result of the improved sales and gross margins, net income for the first quarter of 2025 was $0.6 million, compared with a net loss of ($0.2 million) during the same period in 2024. We are extremely pleased to show our second quarterly net income in the Company's history. Adjusted EBITDA for the first quarter 2025 was approximately $0.7 million, compared with approximately ($0.1 million) in the first quarter of 2024. As of March 31, 2025, Nephros had cash and cash equivalents of approximately $4.1 million, compared to $3.8 million as of December 31, 2024, and remains debt free. Adjusted EBITDA Definition and Reconciliation to GAAP Financial Measures Adjusted EBITDA is calculated by taking net income (loss) calculated in accordance with generally accepted accounting principles ('GAAP') and excluding all interest-related expenses and income, tax-related expenses and income, non-recurring expenses and income, and non-cash items, including depreciation, amortization, non-cash inventory write-offs, and non-cash compensation. The following tables present a reconciliation of Adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure, for the first quarter of the 2025 fiscal year: Nephros believes that Adjusted EBITDA provides useful information to management and investors regarding certain financial and business trends relating to Nephros' financial condition and results of operations. Management does not consider Adjusted EBITDA in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of Adjusted EBITDA is that it excludes significant expenses and income that are required by GAAP to be recognized in Nephros' financial statements. In addition, Adjusted EBITDA is subject to inherent limitations as it reflects the exercise of judgments by management about which expenses and income are excluded or included in determining Adjusted EBITDA. To compensate for these limitations, management presents Adjusted EBITDA in connection with net income (loss), the most directly comparable GAAP financial measure. Nephros urges investors to review the reconciliation of Adjusted EBITDA to net income (loss) and not to rely on any single financial measure to evaluate the business. Conference Call Today at 4:30pm Eastern Time Nephros will host a conference call today at 4:30pm ET, during which management will discuss Nephros' financial results and provide a general business overview. Participants may dial into the call as follows: Domestic access: 1 (844) 808-7106 International access: 1 (412) 317-5285 Upon joining, please ask to be joined into the Nephros conference call. An audio archive of the call will be available shortly after the call on the Nephros Investor Relations page. Alternatively, a replay of the call may be accessed until May 15th, 2025 at 1 (877) 344-7529 or 1 (412) 317-0088 for international callers and entering replay access code: 5819979. About Nephros Nephros is committed to improving the human relationship with water through leading, accessible technology. We provide innovative water filtration products and services, along with water-quality education, as part of an integrated approach to water safety. Nephros goods serve the needs of customers within healthcare and commercial markets, offering both proactive and emergency solutions for water management. For more information about Nephros, please visit Forward-Looking Statements This release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding Nephros' expected future revenue growth and the timing of such growth, the effect of new regulations on future revenue growth, the expected competitive advantages and anticipated impact of new product offerings, and other statements that are not historical facts, including statements that may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including Nephros' ability to further develop its sales organization and realize increased revenues, the extent to which financial results based on emergency response sales can be outside Nephros' control, the extent to which U.S. tariffs may increase our expenses, inflationary factors and other economic and competitive conditions, the availability of capital when needed, dependence on third-party manufacturers and researchers, and regulatory reforms. These and other risks and uncertainties are detailed in Nephros' reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2024, which it may update in Part II, Item 1A – Risk Factors in its Quarterly Reports on Form 10-Q that it has filed or will file hereafter. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this release, and Nephros does not undertake any responsibility to update any forward-looking statements that it makes, except as may be required by law. Investor Relations Contacts: Kirin Smith, President PCG Advisory, Inc. (646) 823-8656 [email protected] Robert Banks, CEO Nephros, Inc. (201) 343-5202 x110 [email protected]
Bloomberg
07-05-2025
- Business
- Bloomberg
Veolia to Buy Rest of Water Tech Unit in $1.75 Billion Deal
French environmental services company Veolia Environnement SA agreed to buy the rest of Water Technologies & Solutions for $1.75 billion as part of a drive to expand in the US. The acquisition of the 30% stake, currently owned by Caisse de Depot et Placement du Quebec, will allow Veolia to fully merge the business with its own water technology division, the utility said in a statement Wednesday. Combining the two will yield €90 million ($102 million) in cost synergies by 2027, it said. Veolia CEO Estelle Brachlianoff speaks to Francine Lacqua on Bloomberg Television. (Source: Bloomberg)
