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Mercury Systems Adds Over 50 Models To Its Rugged Server Product Line

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Extends leadership in rackmount server market for defense applications

ANDOVER, Mass., Oct. 08, 2018 — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it added more than 50 models to its EnterpriseSeries rackmount server product line, extending its leadership as one of the largest, most capable rugged rackmount server providers. Built from the ground up for mission critical applications where industry-leading performance, reliability, and SWaP are imperatives, Mercury’s servers are deployed in a variety of critical defense, industrial, and commercial applications.

“These new models in our EnterpriseSeries rackmount server line further expand Mercury’s capabilities in the C4ISR market,” said Scott Orton, Vice President and General Manager of Mercury’s Trusted Mission Solutions group. “We believe our knowledge and expertise in defense computing environments is second to none. With a multitude of form factors, configurations, and enhancement options – including nation-state-level security features – we can help our customers define the optimum server solution for their mission.”               The EnterpriseSeries Lineup

  • RES-XR6 computing on the edge: Packaging the latest Intel® Xeon® Scalable processors and 2666MHz DDR4 ECC memory, RES-XR6 servers are available in 1U, 1.5U, 2U, and 3U form factors with depths as shallow as 13”. RES-XR6 feature expansion slots, rear or front high-speed I/O, security features, and various storage options to deliver maximum system expansion and configuration versatility for current and future system requirements. Previous generation RES-XR5 systems are also offered – featuring 31 product options.
  • RES-NT2 Supercomputing and Virtualization: Designed for the most aggressive mission-critical workloads, RES-NT2 systems package up to eight NVIDIA® GPGPUs to increase throughput and accelerate applications. Currently offered in eight 1U, 2U, 3U, and 4U form factors with depths as shallow as 20”, RES-NT2 servers are suited for Signals Intelligence (SIGINT), Artificial Intelligence (AI), big data analytics, simulation, modeling, and computational physics applications.
  • RES HD modular and composable platforms: Featuring six “plug and play” compute, storage, networking, PCIe expansion, management, and GPGPU modules, RES HD is a scalable and extensible platform that can be configured according to application needs. Chassis options include the 10” wide HDslim and Themis RES-HD 2U/3U that integrate the latest Intel Xeon Scalable processors, as well as the 10” deep HDversa that holds up to twelve low power Intel Xeon D processors. RES HD chassis accommodate current, previous, and future generation RES HD modules – reducing the total cost of ownership by simplifying logistics and eliminating the need to rip and replace.
  • Small Form Factor Servers: The 15 lb. RESmini and 9 lb. Toughbox mobile computing systems are designed for space constrained expeditionary operations. The RESmini features one Intel Xeon Scalable CPU with up to 28 cores, 768GB memory, up to 240TB of storage, and an optional FAA-compliant UPS power case that provides over 100min of autonomous operation. The Toughbox integrates an Intel Xeon D-2183IT CPU with up to 16 cores, 512GB memory, and up to 128TB storage in a 4.5”x 9”x 8.5” form factor that operates on a +9VDC – +28VDC power source and features vehicle auto sense protection.

EnterpriseSeries Features & Capabilities

With a 30-year track record in delivering reliable server solutions for defense applications, Mercury’s servers are known for their long life-cycles, high-performance, environmental resiliency, interoperability, and SWaP optimization.

  • Enhanced Reliability: EnterpriseSeries servers meet a wide range of military specifications including MIL-STD 810G, 461F (EMI/RFI), 901D (shock), 167-1 (vibration), 1474-D (airborne noise), and 740-2 (structural borne noise). All servers operate in 0°C to +50°C ranges, with greater temperature extremes available for special configurations. Advanced thermal and mechanical design features deliver superior resilience to shock, vibration, dust, sand, and temperature extremes. Dual redundant, hot swappable AC or DC power supplies on select servers provide high availability. Additional reliability features, testing, and certifications are available upon customer request.
  • COTS Technology: EnterpriseSeries servers integrate leading-edge commercial components such as Intel processors, NVIDIA graphic cards, Mellanox switches. These commercial technologies are quickly and affordably adopted to maximize performance and improve interoperability.
  • Minimal Size, Weight, and Power (SWaP): EnterpriseSeries servers are designed to meet extreme installation constraints at the tactical edge–minimizing size, weight, and power requirements without compromising performance or reliability.
  • Enhancements: Designated G Series products offer multiple enhancement options such as a system control module for remote management, CAC reader for extra security measures, patented Aeroloc Baffle system for low airflow operations, remote battery bypass that enables BIOS battery replacement without system shutdown, and read/write switches to prevent accidental rewrite.
  • Modified COTS Expertise: For specialized applications, Mercury designs and builds modified COTS server solutions with customer-specific space, environmental, and performance requirements. In-house facilities support rapid prototyping of test and evaluation units with 3D model prototypes available within 48 hours. Environmental test labs include thermal chambers, air flow benches, acoustic chambers, shock tables, and vibration tables. Mercury’s AS9100D and ISO9001 facilities maintain quality and compliance to meet customer expectations.
  • Configuration & EOL Management: Mercury offers after-sale obsolescence management at product End Of Life (EOL) to support current and future deployments. G Series hardware and firmware management ensures delivery of the same server configuration over multiple years.

Mercury’s EnterpriseSeries lineup will be on display this week at the AUSA Annual Meeting, Booth #1367 in Washington D.C as well during the Intel Federal Summit Technology Showcase in National Harbor, MD. To learn more visit mrcy.com/servers.

Mercury Systems – Innovation That Matters Mercury Systems is a leading commercial provider of secure sensor and safety-critical processing subsystems. Optimized for customer and mission success, Mercury’s solutions power a wide variety of critical defense and intelligence programs. Headquartered in Andover, Mass., Mercury is pioneering a next-generation defense electronics business model specifically designed to meet the industry’s current and emerging technology needs. To learn more, visit www.mrcy.com.

Forward-Looking Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to fiscal 2019 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. Federal government shutdown or extended continuing resolution, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. Government’s interpretation of, federal export contractor procurement rules and regulations, market acceptance of the Company’s products, shortages in components, production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, increases in interest rates, changes to cyber-security regulations and requirements, changes in tax rates or tax regulations, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2018. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

Contact: Robert McGrail, Director of Corporate Communications Mercury Systems, Inc. +1 978-967-1366 / [email protected]

Mercury Systems, Innovation That Matters and EnterpriseSeries are trademarks of Mercury Systems, Inc. Intel and Xeon are trademarks of Intel Corporation. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a6ffad5f-f4d2-4dc1-a9b0-42000a3468f2

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Mercury Systems RES HD rugged server
Mercury Systems RES HD rugged server

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Majority of Hong Kong HR executives indicate they are in post-recovery phase of COVID-19, digital technologies key for future, finds KPMG global survey

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Building talent through upskilling and reskilling identified as key factor for future workforce

HONG KONG, Sept. 22, 2020 /PRNewswire/ — A majority of human resources (HR) executives in Hong Kong (77.5%) indicate that they have passed the ‘recovery phase’ in terms of dealing with the impacts of COVID-19 and have entered into either the ‘resilience phase’ (62.5%) of supporting and developing leaders and employees to manage through uncertainty, or the ‘new reality phase’ (15.0%) of adapting to the new world. This is significantly higher compared to 59% of executives worldwide who indicate the same, according to a KPMG study.

Conducted in July and August 2020, the KPMG 2020 HR Pulse Survey is a special edition research initiative in place of the global annual Future of HR survey, with a special focus on exploring what the future holds as HR organisations contend with the impacts of the pandemic. Nearly 1,300 HR executives in 59 countries and territories and 31 key industry sectors took part in this year’s survey, with 320 (25% of the total respondents) coming from Asia, including over 60 executives from mainland China and Hong Kong.

Asia executives surveyed, including 42.5% of Hong Kong respondents, have ranked ‘managing performance and productivity in a predominantly remote environment’ as the top capability required by the HR function to add value in today’s environment. Naturally, ‘adopting digital technologies to support remote working and collaboration’ is identified as among, or for some markets like Hong Kong, the most important initiatives for the HR function in managing the implications of the pandemic and moving to a new working reality over the next 2 years.

Peter Outridge, Partner, Head of People & Change Advisory, KPMG China, says: "The priorities of the HR function have clearly shifted as a result of the pandemic. With the mass transition to remote working, HR leaders need to rethink their traditional work models and how to keep people in their organisations connected, engaged and productive. The HR function also needs to work with the rest of the C-suite to re-evaluate what productivity means in the new reality and architect the workforce of the future."

‘Building talent through upskilling and reskilling’ is cited by 40% or more surveyed executives in mainland China, Hong Kong, and Asia overall as the most important factor for shaping their organisation’s future workforce composition. Most mainland China executives think around 11-20% of their organisation’s total workforce will need to be upskilled or reskilled in the next 2 years. This figure is higher in Hong Kong, with more executives seeing this need for up to 30% of their workforce.

Jonathan Lo, Partner, People & Change Advisory, KPMG China, says: "The pandemic presents HR with a unique opportunity to drive workforce connectivity and productivity through embracing a digital mindset. HR resources can be better used engaging in workforce shaping that is anchored by predictive analytics, information flows and process automation, among other digital capabilities, to help turn workforce insight into action."

Only half of the surveyed respondents in Asia, with the same percentage of Hong Kong respondents, indicate that HR in their organisation is proficient in using data and analytics to target and recruit their future workforce. This percentage is higher in mainland China, at 59%.

Most Asia HR executives, including more than 55% Hong Kong respondents, expect to make the biggest investment over the next 2 years on ‘new or updated learning and development platforms’ and ‘enterprise service management’ (i.e. connecting and automating their organisation’s back office across the enterprise to provide a connected employee experience). Mainland China executives also identified ‘advanced artificial intelligence, machine learning platforms, or related technologies’ as a key investment in the coming years.

Overall, a high majority (over 80%) of surveyed executive in mainland China and across Asia have found their function playing a leading role in their organisation’s response to the impacts of COVID-19; this number is even higher among Hong Kong respondents (93%). As talent risk emerges as the top challenge now faced by CEOs in China[1], it becomes even more crucial for the HR function to develop targeted talent management strategies to retain talent and support business growth.

About the survey

The HR Pulse 2020 survey covers 1,288 HR executives in 59 countries and territories (with majority representing from the largest economies in the world) and 31 key industry sectors (such as asset management, automotive, banking, consumer and retail, energy, infrastructure, insurance, life sciences, manufacturing, technology, and telecommunications).

A third of the companies (33 percent) surveyed are C-suite and 29 percent are HR executives such as senior vice presidents. Approximately 32 percent of companies surveyed report an annual revenue of US$1B+.

The survey was conducted in from July 21 to August 7. Note: some figures may not add up to 100 percent due to rounding.

About KPMG China

KPMG member firms and its affiliates operating in mainland China, Hong Kong and Macau are collectively referred to as "KPMG China". KPMG China is based in 26 offices across 24 cities with around 12,000 partners and staff in Beijing, Changsha, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Jinan, Nanjing, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Tianjin, Wuhan, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 147 countries and territories and have more than 219,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

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Farmmi’s Subsidiary Successfully Passes Stringent Double Certification Audit; Able to Fully Use Expected 20% Increase in Production Capacity

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LISHUI, China, Sept. 22, 2020 /PRNewswire/ — Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced one of its subsidiaries, Zhejiang Forasen Food Co, LTD, successfully passed the stringent BRC Global Standard for Food Safety and Hazard Analysis Critical Control Point ("HACCP") certification audits.  Passing the audit of two certifications, or the "Double Certification" audit, further validates the Company’s quality management and food safety management systems.

The Company began the certification process earlier this year as part of the final phase of its technology transformation project.  With the "Double Certification" granted, the Company will now be able to fully utilize its expanded production capacity.

Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, commented, "This is another important milestone for Farmmi. Our team worked hard to implement the major technology transformation project we started back in July 2019. The successful completion of the comprehensive and careful examination, and receipt of the ‘Double Certification’ will now allow us to fully utilize an expected 20% increase in production capacity achieved by our investment and technology transformation project. It is very timely for us to have the increased capacity given our accelerating sales channel development and demand growth. Our strategy of innovation-driven development and commitment to green, intelligent, high-end, standardized requirements, will help us to further improve quality and efficiency, and solidly promote the high-quality development of enterprises."

China Quality Certification Center conducted the audits. Its audit team carried out an expansive on-site inspection and audited the Company’s entire process from food inspection, production and storage to sales and distribution. After three days of comprehensive, careful examination, the audit team gave high marks for the Company’s food safety management and control, production site management and control, product traceability and product inspection capabilities and processes.

The BRC Global Standard for Food Safety is one of the highest standards of the EU food safety system, and has become the internationally recognized food standard quality system audit standard. The audit standard includes all relevant employees of the application enterprise, product quality, the quality and safety and health assurance ability of food suppliers, and the safety assurance ability of food sales and inventory.

HACCP is an assessment of hazards that may occur during food processing and the adoption of a preventive food safety control system. HACCP can help prevent, eliminate or reduce hazards by taking effective corrective actions to ensure that food processors can provide consumers with safer food.

About Farmmi, Inc.

Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a leading agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and many other sought-after agricultural products. The Company’s Farmmi Liangpin Market serves as a trading platform for Chinese geographical indication agricultural products and is a large platform for consumers to access locally sourced agricultural products. For further information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including the potential impact of COVID-19 on our business within and outside of China. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

 

Related Links :

http://ir.farmmi.com.cn/

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IMA to Hold First Virtual AsiaPac Conference, Empowering Finance and Accounting Professionals

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IMA announces speaker line-up and the start of registration for its 2020 Virtual AsiaPac Conference for finance and accounting professionals

SINGAPORE, Sept. 22, 2020 /PRNewswire/ — IMA® (Institute of Management Accountants) the association of accountants and financial professionals in business, today announced the start of registration for its 2020 Virtual AsiaPac Conference. The conference, to be held on 17 October, 1pm to 5pm, will host an array of prominent industry and academia experts sharing exclusive content in a fully immersive, virtual experience. This event is free for all, and attendees can earn up to 3.5 CPE credits.

With world-class speakers from all around the globe confirmed from IBM, Johnson & Johnson, Grant Thornton, Deloitte and others, the IMA Virtual AsiaPac Conference will provide finance and accounting professionals with the right skills and opportunities to innovate and create value when it comes to being future-ready. The speakers represent a mix of senior accounting and finance leaders from the U.S., Singapore, Japan, and Australia, and will provide attendees with examples and insights covering topics such as the challenges the industry is facing today and in the future, especially with COVID-19, and how data is used to tell strategic stories to inform business decisions.

"This conference is an integral part of our region’s initiatives to support the advancement of the accounting and finance profession, and bridge the skills gap of the professionals by connecting them with some of the prominent industry leaders with the insights and analyses that will empower them to thrive and take on the future with confidence," said Josh Heniro, Ph.D., Senior Director, Southeast Asia & Australasia, IMA.

The IMA Virtual AsiaPac Conference presents a platform to discuss and engage in critical regional and global issues. Some of the keynote, panel and breakout presenters include:

  • Jeff Thomson, U.S. CMA, CSCA, CAE, President and CEO, IMA
  • Jim Gurowka, CAE, Senior Vice President, Global Business Development, IMA
  • Trinh Duc Vinh, Deputy Director, Accounting & Auditing Supervisory Department, Ministry of Finance, Vietnam
  • Tony Kam, U.S. CMA, Vice President, Corporate Development, M&A (APAC and Middle East), Cognizant
  • Angeline Chua, Chief Financial Officer & Chief Operating Officer, IBM ASEAN
  • Junko Watanabe, U.S. CPA, Board Member & Partner, Deloitte Asia Pacific and Deloitte Tohmatsu Japan Group
  • Maria Victoria C. Españo, Chairperson and CEO, P&A Grant Thornton, Philippines
  • Keyur Shah, Senior Finance Director, FP&A COE, APAC, Johnson & Johnson
  • Gillian Vesty, Ph.D., Associate Professor, School of Accounting, Information System and Supply Chain, College of Business and Law, RMIT University, Australia
  • Tae Hyoung Kim, U.S. CMA, U.S. CPA, EA, Tax Practice Group Associate, International Tax & Transfer Pricing, Yoon & Yang LLC, Korea
  • Robert Chen, Partner, Exec|Comm

For complete information about the IMA Virtual AsiaPac Conference and registration details, please visit: https://www.imanet.org/events/asia-pacific-conference

About IMA® (Institute of Management Accountants)

IMA®, named the 2017 and 2018 Professional Body of the Year by The Accountant/International Accounting Bulletin, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) and CSCA® (Certified in Strategy and Competitive Analysis) programs, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 125,000 members in 150 countries and 350 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/India. For more information about IMA, please visit www.imanet.org.

Logo – https://photos.prnasia.com/prnh/20191017/2614087-1LOGO?lang=0

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