Tag: technology (Page 11 of 19)

Popular and JetBlue Unveil Partnership & Two New Credit Cards

August 31, 2020 / WIL BALDWIN

Popular, the leading financial institution in Puerto Rico, and JetBlue (Nasdaq: JBLU), the largest airline in Puerto Rico, today unveiled their new partnership with the launch of two new credit cards for customers in Puerto Rico. As trusted brands on the island, both remain committed to the growth of Puerto Rico. With the new JetBlue Mastercard and the JetBlue Mastercard Eleva from Popular, every dollar gets cardmembers closer to traveling to the destination of their choice. Both cards provide an opportunity for customers to earn TrueBlue points – which never expire – even faster and on everyday purchases.

As an added benefit, both products offer a welcome bonus of either 5,000 or 25,000 TrueBlue points by meeting the purchase requirement during the first 90 days of opening the credit account. Both cards feature contactless technology that allows the customer to pay by bringing the credit card close to the Contactless Symbol of a payment terminal.

With this launch, the JetBlue Mastercard becomes the only travel card in Puerto Rico without an annual fee that allows customers to earn points for each purchase. JetBlue purchases will accumulate two TrueBlue points per $1 spent. All other purchases—groceries, restaurants, gasoline, etc.—accumulate one point per $1 spent.

The JetBlue Mastercard Eleva card, with a $99 annual fee, allows cardmembers to earn three TrueBlue points per $1 spent on JetBlue purchases and one point per $1 spent on all other purchases. This card also has additional benefits, such as a free checked bag for the cardmember and up to three travel companions when the card is used to purchase flights operated by JetBlue. It also provides a $100 annual statement credit on the purchase of a JetBlue Vacations package.

The TrueBlue loyalty program rewards members, regardless of their travel frequency. There are no blackout dates with all seats available for redemption, and points never expire. Members earn points for every dollar spent on the base fare for JetBlue-operated flights and bonus points by booking directly on jetblue.com, depending on the fare option selected. For more information regarding these products, interested parties may visit www.popular.com/jetblue.

Garmin Announce Certification of G1000 NXi Upgrade in Piper Meridian

August 20, 2020 / WIL BALDWIN

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced Federal Aviation Administration (FAA) certification and availability of the G1000 NXi upgrade for G1000-equipped Piper Meridian aircraft. The G1000 NXi integrated flight deck upgrade is available immediately for these aircraft through select Garmin dealers and features several new enhancements such as SurfaceWatch, visual approaches, geographical map overlay within the HSI and more.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200819005056/en/

State-of-the-art processors support faster map rendering and smoother panning throughout the G1000 NXi displays. The flight displays also initialize in seconds so pilots have immediate access to frequencies, flight plan data and more, saving valuable time in the cockpit. The G1000 NXi integrated flight deck also incorporates contemporary animations and LED back-lighting, offering increased display brightness and clarity, reduced power consumption and improved dimming performance.

– The G1000 NXi integrated flight deck boasts a comprehensive feature set with new and advanced capabilities. Unique features included as part of the G1000 NXi upgrade for the Piper Meridian include:SurfaceWatch runway monitoring technology, which provides visual and aural cues to help prevent pilots from taking off or landing on a taxiway, on a runway that is too short or on the wrong runway based on performance data entered during preflight.

– Visual approaches offer pilots enhanced guidance in visual flight conditions based on a three-degree glideslope from the threshold of the runway. Pilots can set customized minimums, select vectors or straight-in for the final approach intercept and fly a visual approach coupled with the autopilot.

– Geographical map overlay within the HSI supports the display of NEXRAD, Flight Information Service-Broadcast (FIS-B) weather, weather radar, SafeTaxiairport diagrams, traffic¹, terrain and more.

– Flight Stream 510 and Connext technology enables Database Concierge, the wireless transfer of aviation databases from the Garmin Pilot™ app on a mobile device to the G1000 NXi integrated flight deck. Flight Stream 510 also supports two-way flight plan transfer, the sharing of traffic, weather, GPS information and back-up attitude information.

– The G1000 NXi system supports the display of various Automatic Dependent Surveillance-Broadcast (ADS-B) In benefits via the GTX 345R transponder.

– Pilots can optionally overlay European Visual Reporting Points (VRPs) on the moving map, as VRPs are standard within the navigation database.

– Display of sectional charts, as well as IFR low/high enroute charts are available on the MFD.

– Smart Airspace highlights the airspace nearest the aircraft’s current altitude and de-emphasizes non-pertinent airspace.

– COM frequencies are decoded and displayed on the PFD for easier interpretation.

– Decoded Terminal Aerodrome Forecasts (TAFs) can be viewed on the MFD.

– Split-screen functionality allows pilots to view flight plans, charts and more simultaneously.

– An optional audio panel upgrade offers advanced features such as 3D Audio, auto squelch and Bluetooth connectivity.

The G1000 NXi integrated flight deck upgrade for existing G1000-equipped Piper Meridian aircraft is available immediately through select Garmin dealers. Meridian owners and operators can easily upgrade to the G1000 NXi with minimal aircraft down time and disruption of the panel as the displays preserve the same footprint and connectors, so panel modifications are not required. The upgraded components of the G1000 NXi also come with a two-year warranty, which is supported by Garmin’s award-winning avionics product support team.

Alstom Delivers New Tramways for Dublin, Ireland

August 2, 2020 / WIL BALDWIN

55 meters: the longest Citadis tram in the world
Up to 98% recyclable
Alstom will extend 26 existing vehicles

Alstom has delivered the first of eight new Citadis tramways to Dublin, as part of a partnership with Transport Infrastructure Ireland (TII) and the National Transport Authority (NTA) that will also see it extend 26 existing vehicles.

The first of the new trams, manufactured in La Rochelle, have been shipped to Ireland and assembled in Transdev’s Sandyford depot. The first two new Citadis tramways will enter service today.

The eight newly-ordered tramways will be 55 meters long, the longest single unit Citadis trams in the world, offering more capacity to support demand in Dublin’s rush hour. Each of the 26 extended trams will also be 55 metres (from 43 metres currently).

Alstom has also agreed with TII and the NTA to fit its new eMapping technology to some of Dublin’s tramways fleet. By the end of the year, four tramways in the city will be fitted with remote sensors that compile data on energy usage. Alstom and TII are aiming to reduce energy consumption on Dublin’s tramways through a series of energy efficiency measures.

More than 2,600 Citadis tramsets have been sold to over 50 cities in five continents. They have been in operation since 2000. This experience enables Alstom to innovate, offering greater comfort for passengers and simplified commercial management for operators. Citadis is environmentally friendly being up to 98% recyclable.

Tesla Reports Q2 Profit, Announces Texas Gigafactory

July 26, 2020 / WIL BALDWIN

Tesla (TSLA) posted a surprise second-quarter profit last week on cost cutting and strong deliveries, offsetting the effects of its Covid-19 related factory shutdowns. The report may help the electric vehicle manufacturer gain inclusion into the S&P 500 index (^SPX).

Tesla announced earned net income of $104 million for the quarter, or $0.50 per share. This marks the first time the company has posted four straight quarterly profit, a benchmark for the company to be considered for inclusion in the highly coveted S&P 500.

This marks another major win for Chief Executive Elon Musk, whose quest to lead the global auto industry with Tesla, and the aerospace industry with SpaceX, has increasingly been making major leaps forward.

Musk said last Wednesday that the city of Austin, located in Travis County, would be the site of Tesla’s newest factory. The victory for Texas comes at a loss for Oklahoma, which also was seeking to have the factory land in Tulsa. The facility seeks to create as many as 5,000 new jobs. The County offered up to $65 million in tax rebates to entice the company, and plans to begin construction in the third quarter.

The additional plant is slated to produce Model 3 and Model Y vehicles for the Eastern half of the United States, as well as a potential new Tesla Semi truck and its Cybertruck pickup. Elon Musk has stated that his cars are not affordable enough yet for the average consumer, and he hopes to develop a plan to address that issue.

The company also needs to address its growing need for affordable battery cell production, and is looking to expand its partnerships with Panasonic Corp <PCRFY> and Contemporary Amperex Technology of China (CATL) <300750.SZ>.

Embraer Delivers First Enhanced Phenom 300E on Schedule

June 29, 2020 / WIL BALDWIN

Embraer announced the first delivery of its new, enhanced Phenom 300E — the fastest and longest-ranged single-pilot business jet, capable of reaching Mach 0.80 ― to Texas law firm Dunham & Jones, Attorneys at Law, P.C.

The firm, which also owns a Phenom 100EV, took delivery of the enhanced Phenom 300E last week during a ceremony at Embraer’s Global Customer Center in Melbourne, Florida.

“This milestone delivery to our friends at Dunham & Jones is a testament to our ongoing commitment to providing the ultimate customer experience in business aviation,” said Michael Amalfitano, President & CEO of Embraer Executive Jets. “We are honored to help them grow their Embraer fleet with the world’s best-selling light jet for eight years straight, which has now been even further enhanced in terms of its technology, comfort and performance to ensure its market dominance in the industry.”

“Our clients rely on Dunham & Jones attorneys for personalized, one-on-one attention, and business aviation is the conduit to make that possible,” said Paul Dunham, Principal, Dunham & Jones, Attorneys at Law, P.C. “The speed, operating cost, and comfortable cabin pressurization of the new, enhanced Phenom 300E were certainly distinguishing factors in our selection process, as was our exceptional experience with the Phenom 100EV.”

With its unparalleled technology, exceptional comfort, and stunning performance, the Phenom 300E sets the standard for the light jet category. The aircraft received technology enhancements, including an avionics upgrade, which includes a runway overrun awareness and alerting system (ROAAS) ― the first technology of its kind to be developed and certified in business aviation ― predictive windshear, Emergency Descent Mode, PERF, TOLD, and FAA Datacom, among others. The Phenom 300E also features 4G connectivity via Gogo AVANCE L5.

The new comfort-enhancing features on this jet include a quieter cabin, more legroom in the cockpit, and a new premium interior option — the Bossa Nova edition. In terms of performance, the new, enhanced Phenom 300E is even faster, capable of reaching Mach 0.80, and delivers high-speed cruise of 464 knots, and a five-occupant range of 2,010 nautical miles (3,724 km) with NBAA IFR reserves.

The Phenom 300 series is in operation in more than 30 countries and has accumulated more than one million flight hours. It has been the world’s most delivered light jet for eight consecutive years, having accrued more than 540 deliveries since entering the market in December 2009.

Boeing Delivers First Super Hornet Blue Angel Test Jet

June 5, 2020 / WIL BALDWIN

Super Hornet to become the fourth Boeing platform for the flight demonstration team.
Boeing has modified Blue Angels since 2008 and delivered 23 aircraft to date.

Boeing [NYSE: BA] has delivered the first Super Hornet test aircraft for the U.S. Navy’s Blue Angel flight demonstration squadron. The unpainted aircraft now enters the flight test and evaluation phase at Naval Air Station Patuxent River in Maryland. Boeing expects to deliver a total of 11 aircraft for the squadron in 2020.

“The Super Hornet is an iconic representation of excellence in naval aviation,” said ret. Admiral Pat Walsh, vice president of U.S. Navy & Marine Corps Services for Boeing. Walsh flew with the Blue Angels from 1985 to 1987 as the Left Wingman (#3) and Slot Pilot (#4). “As Boeing continues to support the operational fleet of Navy Super Hornets, we are excited to see this platform enter a critical phase of its journey to joining the team.”

The flight demonstration squadron has flown Boeing or Boeing-heritage aircraft for more than 50 years, starting with the F-4J Phantom II in 1969, and then moving to the A-4F Skyhawk. The team currently operates the F/A-18A-D Hornet.

Boeing converts F/A-18 Hornets and Super Hornets into Blue Angels at the company’s Cecil Field facility in Jacksonville, Florida. Major modifications include the addition of an oil tank for the smoke-generation system, fuel systems that enable the aircraft to fly inverted for extended periods of time, civilian-compatible navigation equipment, cameras and adjustments for the aircraft’s center of gravity.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Alstom’s Prima Electric Locomotive Begins Indian Railways Operation

May 27, 2020 / WIL BALDWIN

The first of the 12000-horsepower, Prima T8 electric locomotives has been put into commercial service by Indian Railways. Built by Alstom and certified by the Ministry of Railways and Commissioner of Railway Safety/RDSO, the electric locomotives – known locally by the designation WAG-12 – are the most powerful locomotives to run on Indian rails. The 2015 contract will see a total of 800 locomotives built for Indian Railways.

Set to revolutionise freight logistics in the country, the e-locos will allow faster and safer movement of heavy freight trains, capable of hauling 6000 tonnes at a top speed of 120 km/h. Planned for deployment on Dedicated Freight Corridors (DFCs), they will increase the average speed of freight trains in India by approximately 25 km/h. Equipped with Insulated Gate Bipolar Transistors (IGBT) propulsion technology, the e-locos will also allow considerable savings in energy consumption thanks to the use of regenerative braking.

“Alstom is very pleased to be delivering these electric locomotives to Indian Railways. The introduction of the Prima locomotives into the IR fleet demonstrates our commitment to the country. This revolutionary product which will be faster, safer and more environmentally friendly, and it will help write a new chapter for India’s sustainable mobility journey. We are immensely proud to be a partner in this,” said Ling Fang, Senior Vice President of Alstom Asia-Pacific.

In line with the Make-in-India mandate, all the 800 Prima locomotives are being manufactured locally. Designed at Alstom’s Engineering Centre in Bengaluru, the Prima T8 WAG-12 are being built in one of India’s largest integrated greenfield manufacturing facilities at Madhepura in Bihar. Spread across 250 acres, with a production capacity of 120 locomotives per year, the Madhepura site is built to international standards of safety and quality. Two ultra-modern maintenance depots in Saharanpur and Nagpur will ensure the high service availability of the locomotives. The Saharanpur depot is already operational and the one in Nagpur is under construction. Equipped with the latest features, these depots will play a critical role in maintaining India’s most advanced freight locomotives at significantly lower costs.

As part of the largest Foreign Direct Investment (FDI) project of Indian Railways, in 2015 the Ministry of Railways and Alstom signed a contract worth €3.5 billion (INR 25,000 crore) and created a joint venture for the project. The contract allowed for the manufacture of 800 double-section, 12000-horsepower electric locomotives for freight service and associated maintenance for a period of 11 years. The scope also included the set-up of a manufacturing plant at Madhepura (Bihar) for building the e-locos and two maintenance depots at Saharanpur (Uttar Pradesh) and Nagpur (Maharashtra). A true embodiment of India’s vision, the project will create more than 10,000 direct and indirect jobs in the country (primarily in the states of Bihar, Uttar Pradesh and Maharashtra).

Boeing Delivers First CH-47F Chinook to Royal Netherlands Air Force

April 6, 2020 / WIL BALDWIN

Aircraft is first of 20 CH-47F Chinooks to be delivered to RNLAF
Netherlands is one of eight NATO nations to operate the heavy-lift helicopter

Boeing [NYSE: BA] recently delivered the first CH-47F Chinook with an upgraded cockpit to the Royal Netherlands Air Force (RNLAF), continuing a track record of on-time deliveries to customers. The RNLAF will operate a fleet of 20 CH-47F Chinooks, the newest configuration in use by countries around the world.

“The RNLAF made it clear to us that they need the advanced, proven capability of the CH-47F now,” said Andy Builta, vice president of Cargo & Utility Helicopters and H-47 program manager. “I want to thank our phenomenal team for working hard during a difficult situation to safely deliver these aircraft. This is a reminder to all of us of how important Chinooks are to our customers.”

The 20 CH-47F Chinooks will be a fleet equipped with the same state-of-the-art technology as the U.S. Army, including digital automatic flight controls, a fully-integrated Common Avionics Architecture System (CAAS) glass cockpit, and advanced cargo handling capabilities. The common configuration leads to lower overall life cycle costs.

The RNLAF currently flies a mix of F-model Chinooks with the Advanced Cockpit Management System (ACMS) and CH-47D Chinooks.

“It has been a pleasure to work closely together with the U.S. Army and Boeing teams to achieve this milestone,” said Col. Koen van Gogh, Netherlands Defence Materiel Organisation. “The Chinook helicopter is a vital asset for our missions and the in-time delivery certainly supports our operational planning. I salute the Boeing workforce for their continued efforts to make this happen in these troubling times, as well as the U.S. Army officials that helped keep us on track.”

Deliveries to the RNLAF are expected to continue into 2021. Chinooks are currently in service or under contract with 20 international defense forces, including the U.S. Army, U.S. Special Operations Forces and eight NATO member nations.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 160,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Siemens Mobility Receives First Battery Powered Train Order

March 24, 2020 / WIL BALDWIN

20 Mireo Plus B battery-powered trains for Baden-Württemberg
Maintenance contract for 29.5 years
Delivery of trains by June 2023

Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) has ordered 20 Mireo Plus B trains from Siemens Mobility. The two-car electric trainsets with 120 seats can operate on rail routes with or without overhead power lines thanks to their battery hybrid drive, and are scheduled to operate in Network 8 of the Ortenau regional system. The contract also includes maintenance of the trains by Siemens Mobility for a period of just under 30 years. State Minister for Transport Winfried Hermann said: “This marks the first time battery-powered trains will be used in the state. With this innovative technology, the electrification of rail routes without continuous overhead power lines will also be possible.”

Delivery of the trains is scheduled to be completed by December 2023. The trains will be built at the Siemens Mobility factory in Krefeld, Germany. The KfW IPEX Bank is financing the trains for Nahverkehrsgesellschaft Baden-Württemberg (NVBW). The financing of €77 million has a term of 28 years.

“With this order, the state of Baden-Württemberg is investing in the future of mobility. Our battery-powered train Mireo Plus B makes climate-friendly, locally emission-free passenger transport possible, thus offering a sustainable alternative to the use of diesel-powered trains on non-electrified rail routes. We will guarantee the availability of the fleet with our maintenance of the trains over their entire lifecycle,” said Sabrina Soussan, CEO of Siemens Mobility.

“In the interest of sustainability, we’ve deliberately opted for a “lifecycle model’,” said Winfried Hermann, Minister for Transport in Baden-Württemberg. “We’re breaking new ground in converting to climate-friendly propulsion systems in local transport by introducing this new technology and want to commit the company to this technology through contractual arrangements. Siemens is also responsible for energy consumption and energy costs over the entire contract period of 29.5 years. In this respect, we are entering new territory regarding public transport tenders in the state of Baden-Württemberg.”

The Mireo Plus B has a range of around 80 kilometers in battery operation under real conditions. The batteries can be charged via the overhead line while operating along electrified sections and by recuperating the train’s braking energy. The battery system is mounted underfloor and is installed in two battery containers. Lithium-ion batteries with a long service life are used in the system.

The Network 8 Ortenau comprises the routes:

Offenburg –Freudenstadt/Hornberg
Offenburg – Bad Griesbach
Offenburg – Achern
Achern – Ottenhöfen and
Biberach (Baden) – Oberharmersbach-Riersbach

thyssenkrupp Sells Elevator Technology Business for €17.2 Billion

March 16, 2020 / WIL BALDWIN

Consortium of bidders led by Advent, Cinven and RAG foundation

Sales proceeds pave the way for further transformation of thyssenkrupp

Cash inflow remains within the company

Buyers give far-reaching site and employment guarantees for tk Elevator

Closing and purchase price payment expected by the end of the current fiscal year

Martina Merz: “With the sale of Elevator, thyssenkrupp can pick up speed again. We will reduce the company’s debt as far as is necessary and at the same time invest as much as is reasonable in its further development.”

thyssenkrupp sells its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation. The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. The purchase agreement has been signed. Closing of the transaction is expected by the end of the current fiscal year. The purchase price is €17.2 billion. thyssenkrupp will reinvest part of the purchase price^[1] (€1.25 billion) in a stake in the elevator business. The transaction is subject to merger control approvals, although thyssenkrupp does not expect the competent authorities to have any reservations. The proceeds from the transaction will remain within the company and are to be used to the extent necessary to strengthen the balance sheet. Alongside this, the proceeds shall be used to advance the development of the remaining businesses and the portfolio. As announced at the Annual General Meeting at the end of January, thyssenkrupp is proceeding the analysis phase so that a decision on the concrete use of funds can be taken in May.

Martina Merz, CEO of thyssenkrupp AG: “With the sale, we are paving the way for thyssenkrupp to become successful. Not only have we obtained a very good selling price, we will also be able to complete the transaction quickly. It is now crucial for us to find the best possible balance for the use of the funds. We will reduce thyssenkrupp’s debt as far as is necessary and at the same time invest as much as is reasonable in developing the company. With this, thyssenkrupp can pick up speed again.”

The sale of Elevator is a favorable solution not only for the company, its shareholders, customers and employees, but also for the elevator business itself. In the consortium, thyssenkrupp has found new owners for the elevator business who have extensive industrial expertise and offer the workforce a high degree of security. The buyers have a strong track record in profitably growing and nurturing companies to become global champions.

In negotiations with employee representatives and the IG Metall trade union, the buyers have committed to far-reaching site and employment guarantees. In addition, it was agreed that the buyers will continue to manage thyssenkrupp Elevator as a global group. The company will also remain based in Germany and employee co-determination will continue. That means the solution is in line with thyssenkrupp’s understanding of corporate and social responsibility.

“We are not pleased to part with our employees and the elevator business. Nevertheless, today is a good day for everyone involved. With this step, we are opening up real prospects for the future: for the elevator business as an independent company and, with the financial solidity we have gained, also for all other areas of thyssenkrupp,” Martina Merz added.

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