Limited flexibility exchange rate system – Piazza Carlo Giuliani Sun, 28 Nov 2021 00:00:20 +0000 en-US hourly 1 Limited flexibility exchange rate system – Piazza Carlo Giuliani 32 32 Central bank chief sees negative fallout from IMF deal – the Island Sun, 28 Nov 2021 00:00:20 +0000

NEXT ECONOMY – Central Bank Governor Nivard Cabraal said seeking help from the International Monetary Fund (IMF) to resolve a debt and currency crisis would lead to currency depreciation and significantly higher interest rates, reducing the public sector and privatizing state enterprises.

However, several policy corrections, which are usually found in IMF agreements, are already being made, he said.

Sri Lanka was demoted to CCC by rating agencies indicating a higher risk of default as the country printed money to keep rates in a “monetary stimulus” in addition to “fiscal stimulus” and lost foreign exchange reserves because the printed money was exchanged for dollar reserves to maintain the exchange rate.

Ministers of President Gotabaya Rajapaksa’s ruling SLPP coalition discussed the possibility of the government seeking IMF assistance in resolving the external crisis as it became more difficult to import oil and other goods.

The party came to power blaming the last administration for going to the IMF, which led to tax hikes.

“If we want, there is no problem for the IMF. We had been there in 2009. So no one should think we are hesitant or afraid to go, ”Cabraal said at a press conference Thursday.

“The IMF could tell us to depreciate the rupee, raise interest rates by 30%, 40%, 50% more, reduce the number of public sector employees, reduce or reduce pension benefits and sell various state assets.

“These are conditions that they include in their reform program.

“Our point of view is that we don’t need this reform program at this point. Our point of view is that without going, we can repay our creditors. While we see some pressure during this time, we know it will ease in time to come. “

The latest IMF program failed to impose sufficient controls on the central bank, which gave it enough leeway to print money under flexible and discretionary inflation targeting and triggered a second monetary crisis in 2018 within the program, causing a production shock.

It also failed to impose spending controls on the treasury “as part of a so-called income-based fiscal consolidation” without “expenditure-based consolidation”, resulting in a sharp increase in government spending. and an increase in public sector pension rights.

The decline in the currency that usually results from an IMF program leads to lower real wages, lower consumption, higher unemployment and an economic slowdown – the inevitable consequence of monetary and budget excesses – which leads to voters unhappy if elections are held before growth resumes. .

Cabraal, however, said Sri Lanka itself has already done what the IMF might prescribe in a set of policies.

“The problem is we have to deal with the debt problem,” Cabraal said. “The main reason for the debt problem is that US $ 6.9 billion was borrowed in the form of loans via sovereign bonds from this country from April 2018 to June 2019. These loans put a lot of pressure on the country. the country’s debt.

“So we decided to eliminate this type of borrowing and reduce it while using other methods of borrowing. This is what we are doing now. It will be the same advice the IMF will give us. No further advice they will give.

“Debt restructuring is essentially about switching from one instrument to another. It was done with deep thought and in a scientific way. As we already do, we don’t need outside help to do it.

He also said the government has already taken decisions to change the maximum retail prices of commodities.

“In some cases we have removed them, which could be indicated by the IMF.”

The budget for 2022 had already frozen recruiting, increased corporate taxes, including turnover taxes, and there had been no salary increases for civil servants except for teachers on strike.

However, any IMF program will likely require currency float as a prior action to restore currency markets.

Fitch upgrades Seplat Energy to ‘B’, outlook stable – Blueprint Newspapers Limited Sun, 21 Nov 2021 21:32:31 +0000

Seplat Energy Plc, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has been reclassified to “B” from “B-” by Fitch Ratings on its Long Term Issuer Default Rating (IDR).

Fitch also confirms that Seplat Energy’s outlook is “stable” and has raised the company’s senior unsecured rating for the $ 650 million senior bonds due 2026 to “B” instead of “B-”. “, With a recovery note of” RR4 “.

The rating agency said: “The upgrade reflects improved financial flexibility and a strong liquidity profile following the debt refinancing in 2021, which we believe will help Seplat Energy survive for more than two years. in the event of force majeure without access to the Trans Forcados pipeline (TFP). The Amukpe-Escravos (AEP) pipeline, an alternative oil export route, has been completed and is being commissioned, according to Seplat, but there is no certainty as to when it will ship its first oil.

The rating incorporates Seplat Energy’s small scale of cash flow, the concentration of the company’s asset base in Nigeria (B / Stable) and a historically unstable operating environment in the struggling Niger Delta, including recurring problems with the oil transport system. The rating also reflects moderate leverage, prudent financial policies, competitive unit profitability, a life of 2P reserves at the end of 2020 of 27 years and growing domestic gas activity.

Specifically, Fitch revalued Seplat Energy’s bonds of $ 650 million to B-. The upgrade reflects improved financial flexibility and a strong liquidity profile following the debt refinancing in 2021. Due to Seplat Energy’s cautious approach to financial management, Fitch believes the company has built a very solid balance sheet. Even though the Trans Forcados pipeline was in force majeure for two unprecedented years, Seplat Energy has sufficient strength to survive and service its debt.

No keyword for this post.

2016 Honda Civic 1.8 i-VTEC SE Plus 5-door Auto Cars For Sale Sat, 20 Nov 2021 03:01:52 +0000

£ 11,500

1.8 i-VTEC SE Plus 5-door automatic

Carz Aberdeen

Lang Stracht

Mileage 52,559 miles
Transmission Automatique
Form Tailgate
Color Red
Year 2016 16 entry
Fuel gasoline

Tire repair kit, Locks, ECU immobilizer, Remote central locking with 2 remote folding keys, Security alarm, Mobile “shark fin” antenna, 6 speakers, Auxiliary socket for external MP3 player, DAB audio, Radio MP3 / single CD player compatible, Steering wheel audio controls, USB connection, 5 three-point seat belts, ABS + EBD + Brake assist, Anti-whiplash front headrest, City safety braking system, System deflation detection system, Dual SRS front airbags, Front and rear curtain airbags, Front seat belt pretensioners, Front side air bags, Hill start assist, Passenger air bag deactivation switch, Automatic rear light function Arrival / Departure, Automatic headlamps with twilight sensor, Automatic windshield wipers with rain sensor, Body-color power heated exterior mirrors, Body-color bumpers rie, Power front / rear windows / one-button operation, Front fog lights, LED daytime running lights, Power folding exterior mirrors, Rear wiper, Tinted rear window, 2nd row 60/40 split / foldable seats, Boot lighting, B pedestal-mounted additional accessory socket, cargo hooks, center console accessory socket, fabric upholstery, driver’s seat height adjustment, dual-control air conditioning system, power socket for front accessories, front reading lights, front / rear courtesy lighting, driver / pass illuminated vanity mirrors with cover, Isofix system on the outer rear seats, Leather steering wheel and gearshift knob, Magic seat flexibility system, Passenger seat rear pocket, Pollen filter, Rear armrest, Steering wheel paddle shifters, Three height adjustable rear headrests, Adjustable steering in Clinching / telescopic steering wheel, Tonneau cover, Bluetooth hands-free phone connection, Cruise control + speed limiter, Emergency stop signaling system, Front and rear parking assistance, Intelligent multi-info display, MirrorLink, PAS, Camera rear parking, Vehicle stability aid,



The British-built Honda Civic Tourer is the next step in the development of the Japanese company’s oldest model line. The arrival of the five-door station wagon comes to flesh out a range that got off to a fairly slow start after its launch in 2012. It took the Civic Tourer two years to surface …

Civic (2012 - 2017)


Convenient, reliable and reliable. If we wrote a meetup ad for the Honda Civic, those would be the first words to come out of the block. This is the M&S oversized sweater in the family sedan segment. Sunday afternoon in front of a black and white film. This is all perfectly …

ICICI, Telecom News, ET Telecom Mon, 01 Nov 2021 08:43:00 +0000
Last Friday, Jio launched the highly anticipated JioPhone Next last Friday, which will be purchased from November 4, 2021 with an upfront payment of Rs 6,499. Users can also pay Rs 1,999 in advance and the rest via EMIs. spread over 18 or 24 months with service refills.

NEW DELHI: Reliance Jio aims to integrate 100 million users using its latest 4G smartphone, JioPhone Next, which was developed in partnership with Google, ICICI Securities said in a note Monday.

“We expect the company to focus heavily on converting JioPhone customers (whose three years are approaching expiration) to JioPhone Next,” the brokerage said.

Jio launched the highly anticipated JioPhone Next last Friday which can be purchased from November 4, 2021 with an upfront payment of Rs 6,499. Users can also pay Rs 1,999 in advance and the remaining amount via EMI over 18 or 24 months with service refills. Monthly payments start from Rs 300 to Rs 600.

“The price of the JioPhone Next is not disruptive as there are mobiles with similar functionality available in the market,” ICICI said, adding that the device comes with rich voice features such as read aloud, immediate translation and others.

The average revenue per user (ARPU) of the JioPhone Next will, however, be higher than existing smartphones.

“Our calculations suggest that the underlying base prices for the services are slightly lower than the existing base package; however, JioPhone Next has a significant restriction on voice minutes. Monthly data usage is limited to 5 GB and only 100 minutes will cost Rs113-119 per month, ”ICICI said, adding that charging the smartphone costs Rs 129 (or Rs 138, adjusted for 30 days) as well as calls unlimited voice and 2 GB of data.

Analysts said the price is higher than what is available in the market and therefore will not be able to bring the disruption it was intended for. They said Airtel and Vodafone Idea might not need to worry much about Jio’s offer as they can easily counter it with their bundles with handset brands.

“The most popular plan (1.5 GB of data per day) will cost Rs263-Rs269 per month, which is 23-26% more than the current price of Rs199 (Rs213, adjusted for 30 days),” ICICI said. “The price of the underlying services is also comparable to, or higher than, existing tariffs, which supports our argument in favor of an anticipated increase in tariffs… In addition, the increase in the tariffs of the existing packs will make the JioPhone Next services more affordable. In the coming months. RJio has priced the new product in such a way that it will help the industry to repair, ”he added.

The brokerage firm expects the prices of the services for JioPhone Next to become attractive with tariff increases and an anticipated tariff increase in the smartphone category could arrive soon.

“In this case, the prices of the JioPhone Next will seem affordable and this will allow RJio to attract more users. In our opinion, this is an early involvement of JioPhone Next on the rate hike, ”said ICICI.

Jio reported an ARPU of Rs 143.6 for the second quarter of 2021, up from Rs 138.4 quarter on quarter.

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Yahsat YahClick’s pan-African strategic partnership with iSat Africa – satnews Fri, 29 Oct 2021 05:38:51 +0000

YahClick announces expansion of its business satellite broadband solutions to Nigeria, Zambia, DRC and East Africa

Al Yah Satellite Communications Company PJSC (“Yahsat“Its subsidiaries, “the group” listed on the Abu Dhabi Stock Exchange “ADX”Under SYMBOL: YAHSAT, IS IN: AEA007501017), the UAE’s flagship satellite solutions provider, announced that its Data Solutions subsidiary, YahClick, has entered into a partnership with iSat Africa Ltd FZC to expand its enterprise solutions business in Nigeria, Zambia, DRC and in East Africa.

The new partnership will support iSAT Africa, a pan-African network operator present in 12 markets, to provide connectivity solutions for mobile cellular link services (CBH), business applications, supervisory control and data acquisition systems. (SCADA), as well as connectivity. to remote locations, including mines. Connectivity solutions will be delivered over the Ka-band capacity of YahClick’s High Speed ​​Satellite (HTS) to provide high speed broadband solutions, with service plans up to 100 Megabits per second (Mbps), reaching and serving remote locations.

Farhad Khan, CEO of YahClick noted, “This partnership with iSAT Africa is another step in our plans for growth and expansion across Africa. With our existing strong presence in these countries, our partnership with iSAT Africa will enhance our reach in unserved and underserved markets. We look forward to enabling greater connectivity for people and businesses across Africa in the coming months. ”

Covering several key African markets, this partnership further underscores Yahsat’s commitment to deliver rich solutions where capacity and connectivity are a key factor. The revenues of fixed satellite data services in Africa are expected to grow at an average rate of 15.8% per year between 2020 and 2029. The link with iSat Africa also highlights the huge opportunity that the growth of HTS capacity will have on the sub-Saharan African market, especially when it comes to unlocking high demand flexibility in applications such as Backhaul or Community WiFi.

Rakesh Kukreja, Managing Director of iSAT Africa added, “The new partnership with YahClick will bring significant improvement in services to our customers in these markets with business operations in remote areas. iSAT Africa will equip them with advanced and reliable technical capacities. Rural cellular backhaul will enhance the connectivity proposition for major mobile network operators (MNOs) in these countries, thereby bringing connectivity to the unconnected and bridging the digital divide in Africa. While embracing the new standard after COVID era, our connectivity solutions will enable branch office connectivity and communications, data collection, redundancy and disaster recovery solutions for our customers in Nigeria, DRC, Africa of the East and Zambia. Referenced solutions and other vital tasks will now become easier, more efficient and more reliable through this partnership.

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Listen: Why You Should Consider Investing In Infra Mutual Funds Wed, 20 Oct 2021 03:59:00 +0000 Hi hello. Welcome to ETMarkets Morning, the money, business and markets show. I am Nikhil Agarwal. Let’s start with the headlines first.

– Gita Gopinath leaves her post at the IMF
– The Center is considering amending the law on drugs to make it stronger
– Ola’s top executives exit ahead of potential IPO
– Gasoline and diesel prices jump after global crude rates soar

Now let me give you a quick overview of the state of the markets.

Dalal Street is expected to have a positive start this morning. The crafty futures on the Singapore Stock Exchange traded 22 points higher at 8:20 a.m. (IST). Most Asian stocks traded mixed on Wednesday, even as US stocks rallied overnight, supported by corporate earnings. The largest MSCI index of Asia-Pacific stocks excluding Japan rose 0.52 percent.

Elsewhere, the yield on 10-year Treasuries rose three basis points to 1.67%. U.S. bonds pushed currencies down on Wednesday, with a hike in long-term rates pushing the dollar to an almost four-year high against the yen, but shorter-term yields lowering it against the yen. to most other great peers. Bitcoin is on the verge of peaking in April. Oil prices fell after the Chinese government signaled it was looking for ways to bring record high coal prices under control and ensure coal mines are operating at full capacity as Beijing moves to ease a shortage electricity. Brent crude futures fell 43 cents, or 0.5%, to $ 84.65 a barrel, matching a rise of 75 cents in the previous session.


That said, here’s what’s in the news.

Most brokerages maintained a bullish outlook on UltraTech Cement after the company announced a 7.6% year-on-year increase in net income for the quarter ended September to Rs 1,300.1 crore, which was lower than analysts’ expectations. HSBC said significant price increases are needed to offset rising input costs, which is a major concern to maintain growth momentum.

A resumption of the investment cycle argues in favor of a greater allocation to infra MF. Fund managers believe that over the past decade, many companies have deleveraged and repaired their balance sheets. In addition, interest rates are at their lowest for two decades and will act as a catalyst for infrastructure spending. The government’s national infrastructure pipeline initiative provides long-term visibility on spending in key sectors.

Hindustan Unilever’s September quarter results sparked a curious reaction from Street. Strong figures of 11% net sales growth, 9% net profit growth and a slight contraction in operating profit margin pushed the stock up initially by nearly 3%. However, volume growth of 4% – against expectations of 5-7% – ultimately disappointed the street as it indicated that the strong performance was due more to prices than to strong consumer demand.


The cost benefits that software service providers have so far enjoyed due to Covid-19 travel restrictions may be coming to an end. Executives at major IT companies reported a return to pre-Covid-19 margins and revenues while reporting September quarter results. The recovery in travel is estimated to increase costs, affecting margins by 1-3%.


NOW Before you go, here’s a look at some of the stocks that are buzzing this morning …

Shriram Transport Finance and Hero FinCorp (HFCL) plan to raise up to $ 600 million through a syndicated offshore loan to meet growing demand in logistics.

Engineering services firm L&T Technology Services (LTTS) reported net profit of Rs 230 crore, up 39% and revenue of Rs 1,608 crore, up 22% for the quarter ended September 30, 2021 .

ICICI Prudential Life Insurance Co announced a 48% increase in net income for the second quarter ended September 2021, driven by growth in premiums as well as investment income.

Large FMCG firm Nestlé India Ltd on Tuesday announced a 5.15% increase in net profit to Rs 617.37 crore for the third quarter ended September, largely on the back of strong single-digit volume growth over the internal market.


Also check out over two dozen stock recommendations for today’s trading from top analysts on

That’s all for the moment. Stay with us for all the market news throughout the day. Good investment!

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Legal action is taken against ABC for incorrect payments to staff – News Of The Area Sat, 16 Oct 2021 22:22:50 +0000

The Fair Work Ombudsman (FWO) initiated proceedings in the Federal Court against the Commonwealth Bank of Australia (CBA) and Commonwealth Securities Limited (CommSec) for alleged violations of the Fair Work Act for failing to pay 16.44 million dollars to 7,425 workers.

Australia’s largest bank revealed to the Fair Work Ombudsman and the Australian Securities Exchange in 2019 that it has been completing a company-wide review of compliance with its corporate agreements since 2010 and has identified breaches.

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Relevant staff played a variety of roles nationwide, but most were in customer service roles.

Following an investigation, the FWO alleges that CBA and CommSec violated clauses in its company agreements which required the two companies to ensure that staff paid under these agreements and individual flexibility agreements ( IFA) was overall better off.

FWO Alleges ABC and CommSec Did Not Reconcile To Ensure Employees Were Not Paid Overall Less Than Applicable Industry Instruments, And Did Not Make Top-Up For Any Shortfall .

This led to staff being paid less than their legal rights between October 2015 and December 2020.

Fair Work Ombudsman Sandra Parker said improving compliance at large companies was a priority.

“We allege that CBA and CommSec failed to meet their legal obligations to ensure that employees were better off overall, leading to thousands of CBA and CommSec employees across the country being financially disadvantaged. year after year, ”Ms. Parker said.

“Companies have a responsibility to their employees, customers and the Australian community to get it right by prioritizing compliance with workplace laws, investing in their payroll systems and performing audits.

“Boards should consider the legal payment of their employees as a fundamental governance requirement. “

The regulator also alleges that, for staff paid under IFAs, companies did not ensure that workers were better off overall than if they were paid under company agreements between October 2015 and June 2020 .

The regulator further alleges that the CBA and CommSec also applied invalid ACIs to certain staff, resulting in the non-payment of various fees, including minimum rates, overtime, penalty rates for weekends and public holidays and certain allowances.

The FWO alleges that, overall, the contraventions resulted in the non-payment of 7,425 current and former employees totaling $ 16.44 million between October 2015 and December 2020.

It is alleged that CBA did not pay $ 10.05 million to 4,999 employees, and CommSec did not pay $ 6.39 million to 2,426 employees, some of these workers performing work for both entities during the period.

The majority of workers have already been backpaid.

It is alleged that the CBA and CommSec knowingly failed to comply with these “better-off global obligations” under their corporate agreements and that these violations meet the “serious contravention” threshold inserted by the 2017 amendments. on the protection of vulnerable workers under the Fair Work Act, due to the systematic nature of the alleged behavior.

The FWO also alleges that between June 2018 and August 2019, the ABC and CommSec made a false declaration to certain employees that they would be better off overall under their IFAs and that these agreements met their rights, in violation of the Fair Work Act.

The FWO is seeking sanction orders against CBA and CommSec.

For alleged serious violations, the maximum penalties for each business can be up to $ 666,000 per violation. For all other contraventions, companies face penalties of up to $ 66,600 per violation.

A hearing in Federal Court in Sydney has yet to be scheduled.

Employers and employees can visit or call the Fair Work Infoline on 13 13 94 for free advice and assistance on their rights and obligations in the workplace.

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Telesat chooses Ciena for Low Tue, 12 Oct 2021 13:01:33 +0000

OTTAWA and HANOVER, Md., October 12, 2021 (GLOBE NEWSWIRE) – Telesat, one of the world’s largest and most innovative satellite operators, is deploying Ciena (: CIEN) routing and switching platforms for its Telesat Lightspeed backhaul network. Ciena’s advanced routing and switching technology will ensure Telesat has a modern, cost-effective network that takes advantage of emerging technologies, including Network Function Virtualization (NFV) and edge computing to effectively meet current and future customer needs. .

Telesat’s Lightspeed network will initially consist of 298 advanced low earth orbit (LEO) satellites that integrate seamlessly with terrestrial networks. LEO satellites operate 25 to 30 times closer to the Earth’s surface than traditional satellites and can process data with ultra-low latency, generally comparable to fiber optic speeds, even in the most rural and remote locations. most remote in the world.

Ciena provides hardware and software that will provide high-speed, high-capacity connections to governments, telecom operators, mobile operators and other corporate customers for the provision of 5G, cloud computing, video and other bandwidth-intensive broadband services.

Telesat will use Ciena’s 3926 and 5170 platforms to deliver agile, MEF-compliant assured services to its points of presence (PoP), as well as terrestrial connectivity to no less than 50 land landing stations. Ciena platforms have advanced Quality of Service (QoS) mechanisms, including hierarchical ingress metering, which will provide Telesat with precise control over network traffic. Ciena’s Manage, Control and Plan (MCP) domain controller will provide highly efficient software control and automation to drive business agility.

In addition, Telesat uses Ciena Services for the design, implementation and testing of terrestrial networks.

Executive comments:

  • “As a leading provider of global Tier 1 operator connectivity, Ciena’s proven routing and switching technology will ensure flexible and reliable connectivity between our earth station antennas and points of presence around the world. The seamless integration of ground data networks with our state-of-the-art Telesat Lightspeed satellites will ensure unmatched speed and performance for our global businesses and government customers.
    – Aneesh Dalvi, Director, Landing Stations and User Terminals, Telesat
  • “Telesat’s business customers (ORM, ISP, airlines and shipping) are looking for high-speed, ultra-low latency connectivity to support delay-sensitive applications such as cloud services. Telesat Lightspeed, powered by Ciena ground-based networking technology, enables reliable satellite broadband at speeds comparable to fiber.
    – Bruce Hembree, Vice President and General Manager, Americas, Ciena

About Telesat

With a legacy of engineering excellence, reliability and cutting-edge customer service, Telesat is one of the world’s largest and most successful satellite operators. Telesat works with its customers to provide essential connectivity solutions that tackle the world’s most complex communications challenges, delivering powerful benefits that improve their operations and drive profitable growth.

Constantly innovating to meet the connectivity requirements of the future, Telesat Lightspeed, the company’s low Earth orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous demands of telecom, government, and government customers. maritime and aeronautical. Operating under its priority international rights to Ka-band spectrum, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with speeds similar to fiber.

A privately held company headquartered in Ottawa, Canada, with offices and facilities throughout the world, Telesat’s major shareholders are the Public Sector Pension Investment Board of Canada and Loral Space & Communications Inc. (LORL). For more information, visit

About Ciena

Ciena (: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the adaptive network in response to the ever-changing demands of their end users. By providing the best networking technology through highly tactile consultative relationships, we are building the world’s most agile networks with automation, openness and scalability. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog or visit

Media contacts

Lynette simmons
+1 613 748 8729
[email protected]

Colleen Seery
Ciena Company
+1 724 419 5753
[email protected]

Investor contacts

Gregg Lampf
Ciena Company
+1 410 694 5700
[email protected]

Michel Bolitho
+1 613 748 8828
[email protected]

Telesat Safe Harbor forward-looking statements
This press release contains statements that are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “may “And” “will”, or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from expectations expressed or implied in forward-looking statements due to risk and known and unknown uncertainties.Detailed information on some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the year ended December 31, 2020 and in Telesat Canada’s quarterly report on Form 6-K for the quarters ending March 31, 2021 and June 30, 2021, which may all s be obtained from the SEC website.

Known risks and uncertainties include, but are not limited to: risks associated with the operation of satellites and the provision of satellite services, including delays in satellite construction or launch, launch failures, orbit or impaired satellite performance, the ability to successfully deploy an advanced global LEO satellite constellation of satellites, the availability of government and / or other funding for the LEO satellite constellation, receipt of revenue related to the reallocation of the C-band spectrum, exchange rate volatility, the risks and expenses associated with becoming a publicly traded company, the ability to expand our current use of satellites, and the risks associated with domestic and foreign government regulation . The foregoing list of important factors is not exhaustive. The information in this press release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this press release. Except as required by law, Telesat disclaims any obligation or commitment to update or revise the information contained in this document.

Note to Ciena investors
We encourage you to consult the Investors section from our website, where we regularly post press releases, SEC filings, recent news, financial results and other announcements. From time to time, we exclusively publish material information on this website as well as other disclosure channels that we use. This press release contains certain forward-looking statements based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or results may differ materially from those stated or implied, due to risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements about our expectations, beliefs, intentions or strategies and may be identified by words such as “anticipate”, “believe”, “might”, “estimate”, “expect”, “Intend”, “may”, “should”, “will” and “would” or similar words. Ciena assumes no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.

Telesat-Canada.png ]]> 0 Hybrid Drone Propulsion System Market Expected to Experience Huge Growth by 2028 | MicroMultiCopter Aero Technology Co. Ltd, Honeywell International Inc, Ballard Power Systems Inc Sat, 09 Oct 2021 07:54:04 +0000

JCMR recently announced a UAV Hybrid Propulsion Systems Study with over 200 market data tables and figures spread across pages and a detailed and easy-to-understand table of contents on ‘UAV Hybrid Propulsion Systems. . The report on Hybrid UAV Propulsion Systems industry allows you to get various methods for maximizing your profit. The research study provides estimates for the prediction of UAV hybrid propulsion systems through 2029 *. Some of the major key companies covered for this research are MicroMultiCopter Aero Technology Co. Ltd, Honeywell International Inc, Ballard Power Systems Inc, BRP-Rotax GmbH & Co. KG, Rolls-Royce PLC, Hirth Engines GmbH (UMS SKELDAR AG)

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– Here is the list of players currently featured in MicroMultiCopter Aero Technology Co. Ltd, Honeywell International Inc, Ballard Power Systems Inc, BRP-Rotax GmbH & Co. KG, Rolls-Royce PLC, Hirth Engines GmbH (UMS SKELDAR AG) report

** List of companies mentioned may vary in UAV Hybrid Propulsion Systems Final Report subject to name change / merger etc.

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In 2021, the global UAV hybrid propulsion systems market size was $ xx million and is expected to reach $ xx million by the end of 2029, with a CAGR of xx% in 2019-2029.

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The UAV Hybrid Propulsion Systems study is segmented into following product types and major applications / end users are as follows:

Major Types of Hybrid Drone Propulsion Systems Product Covered in This Report are:
All electric

The most widely used downstream areas of the UAV Hybrid Propulsion Systems Market covered in this report are:
Civil and Commercial

** The Hybrid Drone Propulsion Systems market is valued based on Weighted Average Selling Price (WASP) and includes all applicable taxes to manufacturers. All currency conversions used in creating this report have been calculated using constant 2021 annual average exchange rates.

To understand the global UAV Hybrid Propulsion Systems Market dynamics globally primarily, the Global UAV Hybrid Propulsion Systems Market is analyzed across major regions. The JCMR also provides customized reports at the regional and national level for the following areas.

• Industry of hybrid propulsion systems for drones North America: United States, Canada and Mexico.

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Competitive analysis:

The key players in UAV hybrid propulsion systems strongly focus innovation in production technologies to improve efficiency and service life. The best long-term growth opportunities for this sector can be seized by ensuring continuous process improvements and financial flexibility to invest in the optimal strategies of the hybrid propulsion systems for drones industry. Company profile section of players such as MicroMultiCopter Aero Technology Co. Ltd, Honeywell International Inc, Ballard Power Systems Inc, BRP-Rotax GmbH & Co. KG, Rolls-Royce PLC, Hirth Engines GmbH (UMS SKELDAR AG) includes its basic information such as legal name, website, head office, market position, history and the top 10 closest competitors by UAV Hybrid Propulsion Systems Market Capitalization / UAV Hybrid Propulsion Systems revenue as well as his coordinates. UAV Hybrid Propulsion Systems Each player / manufacturer’s revenue figures, UAV Hybrid Propulsion Systems growth rate and gross profit margin are provided in an easy-to-understand table form for the past 5 years and a separate section on recent developments like mergers, acquisition of UAV hybrid propulsion systems or any other new product / service launch including SWOT analysis of each key player in UAV hybrid propulsion systems etc.

Research Parameter / Research Methodology of UAV Hybrid Propulsion Systems Industry

Main Research of Hybrid Drone Propulsion Systems Industry:

Primary sources involve experts in the UAV hybrid propulsion systems industry including management organizations, UAV hybrid propulsion systems processing organizations, UAV hybrid propulsion systems analysis service providers the industry value chain. All major sources were interviewed to collect and authenticate qualitative and quantitative information and determine future prospects for UAV hybrid propulsion systems.

In the broad primary research process of UAV hybrid propulsion systems undertaken for this study, the primary sources – UAV hybrid propulsion system industry experts such as CEOs, UAV hybrid propulsion systems vice presidents, UAV Hybrid Propulsion Systems Marketing Director, Linked UAV Hybrid Propulsion Systems and Technology Directors of Innovation, UAV Hybrid Propulsion Systems related founders and related key executives from various key global industry companies and organizations UAV hybrid propulsion systems were interviewed to obtain and verify the qualitative and quantitative aspects of this research study on UAV hybrid propulsion systems.

Secondary Research of Hybrid Drone Propulsion Systems Industry:

In secondary research, crucial information on UAV Hybrid Propulsion Systems industry value chain, the total pool of UAV Hybrid Propulsion Systems key players and application areas of UAV Hybrid Propulsion Systems industry UAV hybrid propulsion. It has also assisted in the segmentation of the UAV hybrid propulsion systems market based on industry trends at the lowest level, UAV hybrid propulsion systems geographies and key developments in the UAV hybrid propulsion systems market. and technological perspectives.

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In this UAV Hybrid Propulsion Systems Study, the years considered to estimate the market size of UAV Hybrid Propulsion Systems are as follows:

Industry History of Hybrid Drone Propulsion Systems Year: 2013-2019

UAV Hybrid Propulsion Systems Industry Base Year: 2020

UAV Hybrid Propulsion Systems Industry Estimated Year: 2021

Hybrid propulsion systems for drones industry forecast, year 2021 to 2029

Key players in the global UAV hybrid propulsion systems market:

Manufacturers of hybrid propulsion systems for drones

Distributors / traders / wholesalers of hybrid propulsion systems for drones

Manufacturers of sub-components of hybrid propulsion systems for drones

Hybrid Drone Propulsion Systems Industry Association

Downstream suppliers of hybrid propulsion systems for drones

** Actual figures and in-depth analysis, business opportunities, UAV Hybrid Propulsion Systems market size estimate available in the full report.

Buy the Latest UAV Hybrid Propulsion Systems Research Report Direct Instantly @

Thank you for reading this article; you can also get a version of the UAV Hybrid Propulsion Systems report by chapter or region like North America, Europe or Asia.

About the Author:

The global market intelligence and research consultancy JCMR is uniquely positioned to not only identify growth opportunities, but also empower and inspire you to create visionary growth strategies for the future, through our extraordinary depth and breadth of thought leadership, research, tools, events and experience. that help you make your goals a reality. Our understanding of the interplay between industry convergence, megatrends, technologies and market trends provides our clients with new business models and opportunities for expansion. We are focused on identifying ‘accurate forecasts’ in each industry we cover so that our clients can take advantage of early market entrants and meet their ‘goals and objectives’.

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IBC Advanced Alloys Announces Final Execution Thu, 07 Oct 2021 13:32:05 +0000


FRANKLIN, Ind., October 7, 2021 (GLOBE NEWSWIRE) – IBC Advanced Alloys Corp. (“IBC“or the”Society“) (TSX-V: IB; OTCQB: IAALF) announces that it has entered into a convertible securities financing agreement (the”Agreement“) for the issuance of a Convertible Note with a principal amount of US $ 1,500,000 (the”Safety of convertibles“) to Lind Global Fund II, LP, managed by The Lind Partners, LLC, a New York-based institutional fund manager (together, the”Investor” Where “Lind“).

Pursuant to the terms of the Agreement, the Convertible Note will have a principal amount of US $ 1,500,000 (the “The principal amount“) with an amount of prepaid interest of US $ 187,500, for a total face value of US $ 1,687,500 (the”Nominal value“), and have a duration of 24 months (the”Term“). The capital, less a closing costs of US $ 75,000, will be convertible into common shares of the capital of the Company, at the option of the investor, at a fixed conversion price per share of C $ 0.21, or 105%. of the last closing price. common shares of the Company on the TSX Venture Exchange (the “To exchange“) before the signing of the Contract. Subject to certain conditions, including the approval of the Exchange, at any time during the term, the investor will have the right to invest up to an additional 750,000 USD with an amount of additional interest of up to $ 93,750 with prorated terms and fees (the “Reinvestment option“).

Under the Agreement, the Company is required to make redemptions on the Face Value of the Convertible Note in the amount of US $ 75,000 per month after the first four months and until the Face Value is redeemed. , which redemption amount will be reduced by the amount converted into common shares.

The issue of the Convertible Note will be carried out according to the rules of private placement with a holding period of 4 months plus one day. Prepaid interest will accumulate monthly and, subject to the approval of the Exchange, the investor will have the option, once every ninety days, to convert the accrued interest into common stock at 90 % of the last closing price of the Company’s ordinary shares on the day before the conversion.

In connection with the issuance of the convertible security, the investor will receive 4,270,591 ordinary share subscription warrants (“Mandates”) With an exercise price equal to CA $ 0.21 which expires 24 months from their date of issue. In addition, the investor will receive additional warrants if and when the investor chooses to proceed with the reinvestment option with an exercise price equal to 105% of the market price of the shares of the company immediately before the date. to which the investor chooses to proceed with the Reinvestment Option.

The Company has the right to redeem the unpaid amount of the Convertible Note at any time. In the event of a change of control of the Company, or if the Company exercises its redemption right, the Investor may convert 100% of the prepaid interest (both accrued and not yet accrued) into ordinary shares. In addition, the investor can also convert up to 33% of the capital if the company exercises its redemption right.

Under the Agreement, if the Company increases its total debt (including through the issuance of convertible debt, preferred stock, or continuous finance / royalties) above US $ 13 million, then the Investor will have the right to demand that such proceeds be used to repay any unpaid amount under the convertible security. Upon the occurrence of certain events of default, the Investor may declare that all unpaid amounts under the Convertible Note will become immediately due and payable and / or the Investor may terminate the Contract.

The closure (the “Closing”) Of the investment and issuance of the US $ 1,500,000 convertible security is expected to take place no later than October 15, 2021 and is subject to receipt of all necessary regulatory approvals, including the approval of the Stock exchange and other usual conditions. The Company intends to use the net proceeds from the financing for working capital and general corporate purposes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal, including titles in United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Law of 1933“) or any state securities law and may not be offered or sold in the United States or to, or on behalf of or for the benefit of, US Persons (as defined in Regulation S under 1933 Act) unless they are registered under the 1933 Act and applicable state securities laws, or an exemption from these registration requirements is available.

For more information on IBC and its innovative alloy products, go here.

On behalf of the Board of Directors:

“Marc Smith”

Mark Smith, President


Mark A. Smith, President
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203


@IBCAdvanced $ IB $ IAALF # Beryllium #Beralcast

About IBC Advanced Alloys Corp.

IBC is one of the leading advanced beryllium and copper alloys companies serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing and others. IBC’s Copper Alloys Division manufactures and distributes a variety of copper alloys in the form of castings and forgings, including beryllium copper, chromium copper and aluminum bronze. IBC’s Engineered Materials division manufactures the Beralcast® family of alloys, which can be precision cast and are used in a growing number of defense, aerospace and other systems, including the F-35 Joint Strike Fighter. IBC has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. The Company’s common shares trade on the TSX Venture Exchange under the symbol “IB” and on the OTCQB under the symbol “IAALF”.

About Lind Partners, LLC

The Lind Partners is an institutional fund manager and leading provider of growth capital to small and mid-cap companies listed on stock exchanges in the United States, Canada, Australia and the United Kingdom. Lind makes direct investments ranging from $ 1 million to $ 30 million, invests in syndicated stock offerings and selectively buys in the market. Lind has made over 100 direct investments totaling over US $ 1 billion in value and has been a flexible and supportive capital partner for corporate issuers since 2011. For more information, please visit http: //www.thelindpartners .com.


The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy of this press release. Neither the 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.

Certain information contained in this press release may be forward-looking information or forward-looking statements as defined by applicable securities laws. Forward-looking information and forward-looking statements are often, but not always, identified by the use of words such as “expect”, “anticipate”, “believe”, “expect”, “could”, “estimate”, ” goal ”,“ intend ”,“ plan ”,“ seek ”,“ will ”,“ can ”and“ should ”and similar phrases or words suggesting future results. This press release contains forward-looking information and statements concerning, among other things, the price and characteristics of the convertible security and the warrants, the exercise of the reinvestment option, the expected closing dates and the use of the product. Forward-looking statements involve substantial known and unknown risks and uncertainties, some of which are beyond the control of the Company, including:, risks associated with manufacturing activities, changes in laws and regulations, including the adoption of new laws and environmental regulations and changes in their interpretation and application, increased competition, lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, exchange or interest rates, volatility in equity markets and obtaining the required regulatory approvals. As a result of these risks and uncertainties, the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that deal with activities, events or developments that the Company expects, believes or anticipates will occur or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, its perception of historical trends, current conditions, expected future developments and other factors it deems appropriate in the circumstances.

Please see “Risk Factors” in our Annual Information Form available under the Company Profile at, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date of publication. The forward-looking information and statements contained in this press release represent our expectations as of the date of this press release. We disclaim any intention or obligation or commitment to update or revise any forward-looking information or statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. .

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