Connect with us

Technology

HydrogenPro ASA – Delivering positive EBITDA in Q4 2023

Published

on

OSLO, Norway, Feb. 27, 2024 /PRNewswire/ — HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the fourth quarter.

Achievements and highlights of the quarter:           

Revenues for the quarter of NOK 127 million and NOK 568 million year to date. For 2023 as a whole that represents a 10x increase on 2022.Gross Profit of NOK 56 mill (44% margin) and Adj. EBITDA of NOK 12 mill (10% margin)Received firm 100 MW Purchase Order from ANDRITZ for 18 cell stacksCompleted manufacturing and delivery of 220MW to the ACES projectStrengthened organisation with Jeff Spethmann to lead North American operations

Financials (Q3 2023 numbers in brackets):           

Revenues NOK 127 million (NOK 220 million)Gross profit NOK 56 million/44% gross margin (NOK 22 million/10% gross margin)Reported EBITDA NOK 17 million (NOK -30 million)Adj. EBITDA NOK 12 million (NOK -19 million)Net result NOK -1 million (NOK -35 million)Order backlog NOK 423 million (NOK 322 million)Cash balance NOK 161 million (NOK 133 million)

Jarle Dragvik, CEO of HydrogenPro, comments: “We are pleased to show that our business model deliver results, both operationally and financially. HydrogenPro is proving its pole position to generate industry leading returns by developing and manufacturing high quality electrolysers for an increasing global demand. We are now strengthening our foothold in both the US and the European markets and are taking a leading role in the development of the hydrogen industry.”

For further information, please contact: Martin Thanem Holtet, CFO, +47 922 44 902 

About HydrogenPro AS:

HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser systems for large-scale green hydrogen plants, all ISO 9001, ISO 45001 and ISO 14001 certified. The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.

The following files are available for download:

View original content:https://www.prnewswire.com/news-releases/hydrogenpro-asa—delivering-positive-ebitda-in-q4-2023-302072083.html

SOURCE HydrogenPro ASA

Continue Reading

Technology

SunTec India Introduces AI-Accelerated Digital Engineering, Integrating AI Across the Software Development Lifecycle

Published

on

By

Embedding AI across every stage—ideation, coding, testing, and deployment to help enterprises build and scale software faster while maintaining human rigor.

NEW DELHI, Sept. 7, 2026 /PRNewswire/ — SunTec India today announced the expansion of its Digital Engineering capabilities with AI-accelerated software development workflows. By embedding AI into every phase of the development cycle, from architecture to automated QA and deployment, the company expedites time-to-market without compromising code quality, security, or domain-specific logic.

Software Built to Last: Engineering at AI Speed, Quality at Human Standards.

While modern AI coding agents accelerate syntax writing, enterprise software engineering still demands strategic design, contextual understanding, and strict governance. Many agencies, hence, end up creating code that is standards-blind and compromises long-term architectural integrity.

But SunTec India’s AI-accelerated approach is fundamentally different. It is designed to utilize AI as a multiplier across the entire SDLC while keeping engineers firmly at the wheel. By automating repetitive engineering tasks, predictive bug analysis, refactoring, and test-case generation, their developers free up the bandwidth to focus on software integrity, security compliance, and user experience.

What their AI-Accelerated SDLC Delivers:

Intelligent Development: AI-first development with real-time code generation, refactoring, and security vulnerability scanning.Automated QA & Testing: Dynamic QA and testing with creation and execution of edge cases, minimizing post-deployment bugs.Optimized DevOps Pipeline: Automated build validation, predictive infrastructure monitoring, and seamless CI/CD integration.Human-in-the-Loop Governance: Enterprise-grade security protocols, architectural oversight, and subject-matter-expert code reviews before production deployment.

“We are not using AI to replace our software engineers; we’re using it to amplify them. By combining 25 years of engineering discipline with modern AI tooling, we give clients the best of both worlds; pairing the speed of AI with the security, precision, and contextual accuracy enterprises demand.” — Murli Pawar, VP of Technology, SunTec India 

Availability & Engagement

SunTec India’s AI-accelerated digital engineering services are available globally. Organizations looking to build a new product or modernize an old one can schedule a strategy session at info@suntecindia.com.

About SunTec India

SunTec India is an AI-enabled IT and Digital Services provider founded in 1999 and headquartered in New Delhi. Its 1,500+ professionals serve 8,500+ clients across 50 countries, spanning data services, eCommerce, digital engineering, ePublishing, and media handling. Gartner-recognized. CMMI Level 3 and ISO certified.

Contact: Rohit, rohit@suntecindia.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/suntec-india-introduces-ai-accelerated-digital-engineering-integrating-ai-across-the-software-development-lifecycle-302871314.html

SOURCE SunTec India

Continue Reading

Technology

Thermoplastic Polyimide Market worth $0.86 billion in 2032 – Exclusive Report by MarketsandMarkets™

Published

on

By

DELRAY BEACH, Fla., Sept. 7, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Thermoplastic Polyimide Market projected to grow from USD 0.56 billion in 2026 to USD 0.86 billion by 2032, at a CAGR of 7.4% during the forecast period.

Browse 303 market data tables and 70 figures spread through 346 pages and an in-depth TOC on the “Thermoplastic Polyimide Market – Global Forecast to 2032”

Thermoplastic Polyimide Market Size & Forecast:

Market Size Available for Years: 2022-20322026 Market Size: 0.56 billion2032 Projected Market Size: 0.86 billionCAGR (2026-2032): 7.4%

Thermoplastic Polyimide Market Trends & Insights:

The industry is driven by the increasing growth of data creation and cloud computing. With more businesses being set up on cloud services and newer technologies like AI and big data, the processing load and heat generation of data centers increase, and they need proper cooling to operate at their best.Asia Pacific accounted for the largest share of the global thermoplastic polyimide market in 2025, at 35%, and is projected to register a CAGR of 8.3% between 2026 and 2032.By product type, the unfilled thermoplastic polyimide segment is projected to grow at a CAGR of 6.8% during the forecast period.By form, the resin segment is projected to reach the largest market size by 2032, registering a CAGR of 7.4% during the forecast period.By end-use industry, the electrical and electronics segment is projected to grow at a CAGR of 8.3% through 2032.By processing technique, the injection molding segment is projected to have the largest market share.Mitsui Chemicals, SABIC, and Mitsubishi Gas Chemical Company, Inc. were identified as some of the star players in the thermoplastic polyimide market (global), given their strong market share and product footprint.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171755767

The industry is driven by the increasing demand for lightweight, high-temperature materials in aerospace and defense applications. As demand grows for lightweight, high-temperature materials in aerospace and defense applications, thermoplastic polyimide is gaining adoption in components exposed to demanding thermal and mechanical conditions. Growing automotive and industrial applications are also increasing the need for materials that provide high-temperature performance, dimensional stability, chemical resistance, and wear resistance while enabling efficient processing.

The electrical & electronics segment, by end-use industry, is projected to hold the largest share in the thermoplastic polyimide market.

The electrical & electronics segment is projected to hold the largest share of the thermoplastic polyimide industry. Demand is supported by the increasing need for high-temperature, dimensionally stable, and electrically reliable materials. Thermoplastic polyimide is used in applications such as connectors, sockets, wire and cable components, optical components, semiconductor manufacturing equipment, and other precision electronic components. The growing complexity and performance requirements of electronic and electrical components are further driving the adoption of thermoplastic polyimide in applications exposed to demanding thermal and mechanical conditions. As the electrical and electronics industry continues to expand, demand for high-performance thermoplastic polyimide materials is expected to remain strong.

Resin, by form, is expected to account for the largest market share.

The resin segment, by form, is projected to account for the largest share of the thermoplastic polyimide market. This dominance is supported by the broad use of thermoplastic polyimide resin in injection molding and extrusion to produce complex and high-precision components. The material’s high-temperature performance, dimensional stability, mechanical strength, chemical resistance, and wear properties support applications across automotive, industrial machinery, aerospace and defense, and electrical and electronics industries. Thermoplastic polyimide resin is used in components such as bearings, seal rings, thrust washers, oil seals, impellers, wire coatings, films, and precision electronic components. Its ability to maintain performance under elevated temperatures while enabling efficient thermoplastic processing is expected to support continued demand for resin-form thermoplastic polyimide during the forecast period.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=171755767

Asia Pacific is the fastest-growing region in the thermoplastic polyimide market.

Asia Pacific is projected to be the fastest-growing region in the thermoplastic polyimide market, supported by expanding electrical and electronics, automotive, and advanced manufacturing activities across the region. Increasing investments in electronics and semiconductor manufacturing, automotive production, and high-value industrial applications are strengthening demand for high-performance materials. The region also has an established presence of thermoplastic polyimide suppliers and expanding manufacturing capabilities, particularly across China, Japan, and South Korea. These factors, together with increasing adoption of lightweight and high-temperature materials, are expected to support rapid growth of the thermoplastic polyimide market in Asia Pacific.

Key Players

Leading players in the thermoplastic polyimide companies are including Mitsui Chemicals (Japan), Sabic (Saudi Arabia), Solver Polyimide (China), Huntsman (US), Mitsubishi Gas Chemical Company, Inc. (Japan), Jiangsu Junhua Hpp Co., Ltd. (China), Changzhou Sunchem New Material Co., Ltd. (China), Wanhua Chemical (China), Arakawa Chemical Industries, Ltd. (Japan), Arkema (France), Evonik (Germany), Allstar Material (China), Jiangsu Qingquan Chemical Co., Ltd. (China), and Kingfa Sci. & Tech. Co., Ltd. (China).

Investment Funding

The thermoplastic polyimide market is seeing increasing investment and financing activity among companies in the market and the broader high-performance materials ecosystem. In 2025, Arkema completed EUR 400 million (approximately USD 464.9 million) undated hybrid bond issuance to diversify its financing resources and mainly refinance an existing hybrid bond. The financing activity reflects continued capital access among major specialty materials companies and supports their broader financial capacity for business development and technology investments. Leading thermoplastic polyimide producers are also expanding their product portfolios and application capabilities to address demand for high-performance materials.

Revenue Shift

The thermoplastic polyimide market is witnessing a gradual shift toward higher value and more specialized applications. Mitsui Chemicals states that the application range of AURUM thermoplastic polyimide is expanding across electrical and electronic components, semiconductor manufacturing equipment, automotive and transportation parts, industrial machinery, films, and aerospace applications. SABIC has also introduced new EXTEM thermoplastic polyimide grades for emerging optical interconnect applications. Wanhua Chemical has developed thermoplastic polyimide products and production capabilities as part of its specialty engineering materials portfolio, indicating increasing participation from Chinese manufacturers in the thermoplastic polyimide market. These developments indicate growing use of thermoplastic polyimide in applications that require high-temperature performance, dimensional stability, electrical properties, and precision processing.

Company Revenue Share Details

The combined market share of the top five players is estimated at approximately 60–70%, indicating a consolidated market. This level of concentration suggests that although leading vendors maintain strong market positions through diversified product portfolios and technological innovation, no single company has established dominant control, leaving ample opportunities for competition and future consolidation. The top five companies include Mitsui Chemicals, Inc., SABIC, Mitsubishi Gas Chemical Company Inc, Wanhua Chemical, and Kingfa Sci. & Tech. The presence of established specialty chemical manufacturers alongside engineering plastics producers reflects the evolving competitive landscape. As demand increases across electrical and electronics, automotive, aerospace & defense, industrial machinery, and other applications, companies are expected to strengthen their positions through product innovation, strategic partnerships, geographic expansion, and acquisitions.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=171755767

Browse Adjacent Market: Resins & Polymers Market Research Reports &Consulting

See More Latest Resins & Polymers Industry Reports:

Medical Plastics Market Medical Plastics Market by Type (Standard Plastics, Engineering Plastics, High-performance Plastics), Application (Medical Disposables, Medical Instruments & Devices, Prosthetics & Implants, Drug Delivery, Medical Packaging) – Global Forecast to 2031

Polyols Market by Type (Polyether Polyols, Polyester Polyols), Application (Flexible Polyurethane Foam, Rigid Polyurethane Foam, CASE), End-use Industry (Building & Construction, Furnishing, Automotive, Electronics), and Region – Global Forecast to 2031

PTFE Market by Form, Application, End-use Industry (Chemical & Industrial Processing, Automotive & Aerospace, Electrical & Electronics, Building & Construction, Consumer Goods), and Region – Global Forecast to 2031

Acrylic Emulsion Market by Type (Pure Acrylic Emulsion, Polymer & Copolymer Acrylic Emulsion), Application (Paints & Coatings, Adhesives & Sealants, Construction Additives, Paper Coatings) and Region – Global Forecast to 2031

Medical Tubing Market by Material (Plastics, Rubbers, Specialty Polymers), Application (Bulk Disposable Tubing, Catheters & Cannulas, Drug Delivery Systems), Structure (Single-Lumen, Multi-Lumen, Co-Extruded, Braided) – Global Forecast to 2031

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/thermoplastic-polyimide-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/thermoplastic-polyimide.asp

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/thermoplastic-polyimide-market-worth-0-86-billion-in-2032—exclusive-report-by-marketsandmarkets-302871130.html

SOURCE MarketsandMarkets

Continue Reading

Technology

CME Group Sets New FX Open Interest Record

Published

on

By

CHICAGO, Sept. 7, 2026 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced that its FX futures and options reached a new open interest record of 4,410,167 contracts on September 4, 2026, surpassing the previous record of 4,269,622 contracts on June 11, 2026.

The number of large open interest holders in FX futures reached an all-time high of 1,446 (as noted by the CFTC’s August 25 Commitment of Traders report). Asset managers for the first time exceeded $200 billion in FX futures notional open interest.

“The record participation we’re seeing underscores growing buy-side demand for the capital efficiencies, transparency and central clearing that futures provide,” said Paul Houston, Global Head of FX Products at CME Group. “From major currencies to emerging markets, clients are increasingly using our FX futures and options to manage risk across a broader range of currency pairs than ever before.”

For more information on CME Group FX futures and options, please visit here.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangecryptocurrencies, energyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cme-group-sets-new-fx-open-interest-record-302871306.html

SOURCE CME Group

Continue Reading

Trending