Connect with us

Technology

TÜV Rheinland Announces The Grand Opening of Its State-of-the-art Technology and Innovation Center in Boxborough, MA

Published

11 months ago

on

BOXBOROUGH, Mass., June 20, 2024 /PRNewswire/ — TÜV Rheinland North America proudly announces the grand opening of its Northeast Technology and Innovation Center located in Boxborough, MA. This advanced facility represents a significant investment for the leading company. Spanning 65,000 square feet, this state-of-the-art facility is equipped with cutting-edge infrastructure for electrical safety, wireless technology, EMC testing, environmental assessments, medical device testing and more.  

“The North American market is a key component of the company’s global strategy, serving as both a market and a center for advanced technology and industry. The opening of this new facility demonstrates TÜV Rheinland’s commitment to growth and innovation in the United States, where the testing, inspection, and certification market is expected to expand significantly in the coming years,” shared Dr. Michael Fübi, Chief Executive Officer of TÜV Rheinland.

The new laboratory is equipped with state-of-the-art amenities, including a 10-meter Semi-anechoic Chamber – ranking in the top 1% in the US for Equipment Size – this facility enables comprehensive testing for a wide range of products, from automotive vehicles to medical devices, elevators, and more. With a focus on EMC testing, product safety assessment, environmental testing, and beyond, the company empowers retailers and producers to streamline their product development processes, reduce time-to-market, and ensure full compliance with industry standards.

“Our primary focus is on bolstering our Products Business Unit within the US, recognizing its pivotal role in our North American growth strategy. Our commitment entails ongoing investments in innovation, strategic partnerships, and our talented teams. Notably, our investment in North America accounted for 7.2% of the total investment volume in the 2023 financial year, primarily allocated to the construction of the Northeast laboratory center in Boxborough,” highlighted Michael Cronin, Vice President of Sales Products at TÜV Rheinland.

With a focus on surpassing customer expectations, including supply chain concerns, TÜV Rheinland prioritizes satisfaction and safety. Its skilled professionals conduct thorough testing on technical systems and products worldwide, offering essential support for advancement and innovation. Their expertise instills confidence in products and processes, ensuring seamless operations across global value chains and logistics.

“This fully operational hub and innovation center provides comprehensive solutions throughout the client’s product lifecycle. This space enables us to maintain fruitful collaborations with key clients across various US industries, as we’ve done over the past four decades, while also unlocking new opportunities in sectors offering end-to-end solutions to address growing demands for transparency, traceability, and regulatory compliance globally. I would like to express my deep pride, gratitude, and appreciation for the team involved as they have laid the foundation for TÜV Rheinland’s future for years to come”, stated Ryan Braman, Director of Commercial and Solar Products and General Manager of the Boxborough Laboratory.

To commemorate this historic moment, a ribbon cutting ceremony was held to inaugurate the laboratory, and the company also planted a tree as a symbol of its commitment to shaping the future and advancing sustainability and technology in the Northeast region. The ceremony was attended by Dr. Michael Fübi, Chief Executive Officer of TÜV Rheinland, as well as Kimmo Fuller, Executive Vice President Products, and relevant customers from various industries who have collaborated with TÜV Rheinland, including key partners such as AMETEK-CTS, ETS-Lindgren, Fair-Rite, Innova, and Rohde & Schwarz.

In addition, four workshops were held on topics of great relevance to the products industry, focusing on Market Access, led by Tiffany Wong, Product Manager, and Lina Kwee-Nguyen, Global Business Development Manager, as well as a workshop on Sustainability Services  given by Geoffrey Bock, Field Sales, to learn the solutions concerning products, packaging, life-cycle, recyclability and energy use; one on EMC: Electromagnetic compatibility by Robert Mitchell, Director, Lab Technology & Innovation Commercial – Operations; and a workshop on Medical Electrical Product Safety Certification, by Gregory Chase, Technical Manager Medical Test.

Furthermore, TÜV Rheinland announced Procter & Gamble (P&G) as the distinguished recipient of the inaugural Excellence Safety and Sustainability Leadership Award. During the grand opening ceremony, Dr. Fübi issued the award to Philip Vita, Technical Director – Power, Control & Information Systems, and Travis Gombos, Grooming PS Sustainability Director at The Procter & Gamble Company – Gillette.

The award recognized Procter & Gamble‘s achievements in safety and sustainability, including continuous innovation in safety practices, comprehensive employee training programs, strict compliance with safety standards, commitment to sustainability, and an integrated Health, Safety, and Environmental program. Philip Vita accepted the award for safety, while Travis Gombos accepted for sustainability.

This state-of-the-art Northeast Technology and Innovation Center will play a crucial role in TÜV Rheinland’s endeavor, enhancing its services to ensure the safety of products and processes.  With 40 years of achievement in the US, this new facility strengthens its leadership position, and as leaders in the sector, TÜV Rheinland is firmly committed to pioneering advancements that will contribute to a safer and more sustainable world.

To learn more about the Northeast Technology and Innovation Center visit its website [Brand new state of the art Technology and Innovation Center in the northeast (tuv.com)] and contact the industry-leading specialists in Medical Device Testing, EMC Testing, and Electrical Testing.

About TÜV Rheinland

Safety and quality in almost all areas of business and life: That’s what TÜV Rheinland stands for. The company has been active for more than 150 years and is one of the world’s leading testing service providers. TÜV Rheinland has more than 22,000 employees in over 50 countries and generates annual sales of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the globe, accompany innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In this way, the independent experts ensure trust along global flows of goods and value chains. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption. Website: www.tuv.com.

Press Contact:
Michael Garcia
Michael.Garcia@mex.tuv.com
+52 55 3488 2108

View original content to download multimedia:https://www.prnewswire.com/news-releases/tuv-rheinland-announces-the-grand-opening-of-its-state-of-the-art-technology-and-innovation-center-in-boxborough-ma-302178369.html

SOURCE TUV Rheinland

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Nagarro releases audited FY 2024 and unaudited Q1 2025 results, confirms existing guidance for 2025

Published

16 minutes ago

on

May 15, 2025

By

MUNICH, May 15, 2025 /PRNewswire/ — Nagarro, a global digital engineering leader, today announced its audited financial numbers for its full year ended December 31, 2024, and its unaudited financial numbers for the three months ended March 31, 2025. The Management Board and the Supervisory Board will propose to the Annual General Meeting a dividend of €1 per share.

Manas Human, Co-founder, said, “We are pleased to announce our robust results and confirm that we remain confident in our existing guidance for 2025. We have several growth and maturity initiatives now in motion, and we are excited about their potential to lift our trajectory in the months to come.”

2024 results

Revenue grew to €972.0 million in 2024, up from €912.1 million in 2023, a YoY growth of 6.6%. The constant currency growth in annual revenue was 7.2%. Gross profit grew to €295.8 million (as per the current method) and €253.9 million (as per the previous method) in 2024 from €235.7 million (as per the previous method) in 2023. As per the previous method, gross margin was 26.1% in 2024 compared to 25.8% in 2023. Adjusted EBITDA grew to €147.5 million in 2024 from €126.1 million in 2023. Adjusted EBITDA margin grew to 15.2% in 2024, up from 13.8% in 2023. EBITDA grew to €134.1 million in 2024 from €118.6 million in 2023. EBIT grew to €96.7 million in 2024 from €83.2 million in 2023. Net profit remained at €49.2 million in 2024, as in 2023. The number of clients doing more than €1 million in annual revenue with Nagarro rose from 181 in 2023 to 186 in 2024.

Operating cash flow grew to €86.5 million in 2024 from €79.7 million in 2023. Factoring utilization under the non-recourse factoring program was reduced by €3.5 million in 2024. Days of sales outstanding, calculated based on the quarterly revenue and including both contract assets and trade receivables, increased from 84 days on December 31, 2023, to 88 days on December 31, 2024.  

Nagarro’s cash balance at the end of 2024 was €192.6 million as against €110.1 million at the end of 2023. Nagarro’s loans and borrowings at the end of 2024 were €329.6 million as against €274.7 million at the end of 2023. The company reported 17,695 professionals as of December 31, 2024.

The Management Board and Supervisory Board will, for the first time, propose to the Annual General Meeting the distribution of a dividend of €1.00 per share. The proposed dividend marks an important milestone and underlines the company’s long-term value creation strategy.

As part of its commitment to strong corporate governance, the company will propose to the Annual General Meeting to expand the Supervisory Board. The newly proposed candidates – Martin Enderle, Hans-Paul Bürkner, and Jack Clemons – bring deep expertise in digital transformation, platform scaling, professional services, and finance and accounting. The company will also propose to reinstate Carl Georg Dürschmidt as a board member.

Q1 2025 results

Revenue grew to €246.9 million in 3M 2025, against €238.3 million in 3M 2024, a YoY growth of 3.6%. Gross profit was €75.5 million in 3M 2025, against €73.6 million in 3M 2024. Gross margin was 30.6% in 3M 2025, against 30.9% in 3M 2024. Adjusted EBITDA was €30.2 million in 3M 2025, against €39.2 million in 3M 2024. EBITDA was €33.0 million in 3M 2025, against €36.0 million in 3M 2024. EBIT was €24.1 million in 3M 2025, against €26.6 million in 3M 2024. Net profit was €11.2 million in 3M 2025, against €16.6 million in 3M 2024. The number of clients doing more than €1 million in annual revenue in the last 12 months with Nagarro rose from 181 on March 31, 2024, to 186 on March 31, 2025.

Operating cash flow grew to €29.8 million in 3M 2025, against €25.9 million in 3M 2024. Factoring utilization under the non-recourse factoring program was reduced by €6.7 million in 3M 2025 from December 31, 2024. Days of sales outstanding, calculated based on the quarterly revenue and including both contract assets and trade receivables, reduced to 81 days on March 31, 2025, from 88 days on December 31, 2024.

Nagarro’s cash balance at the end of March 31, 2025, was €162.2 million as against €192.6 million at the end of December 31, 2024. Nagarro’s loans and borrowings at the end of March 31, 2025, were €302.5 million as against €329.6 million at the end of 2024. The company reported 17,496 professionals as of March 31, 2025.

The summarized table for the twelve month period ended December 31, 2024, is as follows:

2024

2023

Growth

mEUR

mEUR

Revenue

972.0

912.1

6.6% YoY

7.2% YoY in constant currency

Gross profit (current method)

295.8

–

Gross profit (previous method)

253.9

235.7

7.7% YoY

Gross margin (current method)

30.4 %

–

Gross margin (previous method)

26.1 %

25.8 %

Adjusted EBITDA

147.5

126.1

16.9% YoY

Adjusted EBITDA margin

15.2 %

13.8 %

EBITDA

134.1

118.6

13.1% YoY

EBIT

96.7

83.2

16.3% YoY

Net profit

49.2

49.2

 

The summarized table for the three month period ended March 31, 2025, is as follows:

Q1

Q1

2025

2024

Growth

mEUR

mEUR

Revenue

246.9

238.3

3.6% YoY

2.4% YoY in constant currency

Gross profit

75.5

73.6

2.6% YoY

Gross margin

30.6 %

30.9 %

Adjusted EBITDA

30.2

39.2

Negative 22.8% YoY

Adjusted EBITDA margin

12.2 %

16.4 %

EBITDA

33.0

36.0

Negative 8.2% YoY

EBIT

24.1

26.6

Negative 9.5% YoY

Net profit

11.2

16.6

Negative 32.2% YoY

Nagarro SE will hold its analyst and investors meeting as a video call to discuss FY 2024 and Q1 2025 on May 15, 2025, at 1:00 pm CEST (4:00 am PT / 6:00 am CT / 7:00 am ET / 12:00 pm BST / 3:00 pm GST / 4:30 pm IST / 7:00 pm SGT / 8:00 pm JST).

 Nagarro SE will hold its retail investors call to discuss FY 2024 and Q1 2025 on May 15, 2025, at 2:30 pm CEST (5:30 am PT / 7:30 am CT / 8:30 am ET / 1:30 pm BST / 4:30 pm GST / 6:00 pm IST / 8:30 pm SGT / 9:30 pm JST).

To attend, please register in advance at https://www.nagarro.com/en/investor-relations/quarterly-statement-call-q1-2025 

About Nagarro

Nagarro, a global digital engineering leader, helps clients become fluidic, innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its Fluidic Enterprise vision. Nagarro employs around 17,500 people in 39 countries. For more information, please visit www.nagarro.com.

(FRA: NA9) (ISIN DE000A3H2200, WKN A3H220)

For inquiries, please contact press@nagarro.com.

Logo: https://mma.prnewswire.com/media/844192/3850575/Nagarro_Logo.jpg 

 

View original content:https://www.prnewswire.com/news-releases/nagarro-releases-audited-fy-2024-and-unaudited-q1-2025-results-confirms-existing-guidance-for-2025-302456432.html

SOURCE Nagarro Software Private Limited

Continue Reading

Technology

Tianma introducing new AMOLED display technologies at Display Week 2025

Published

16 minutes ago

on

May 15, 2025

By

Tianma, a leading global manufacturer of flat panel displays, is exhibiting its family of AMOLED technologies and solutions at Display Week 2025, Booth #416, San Jose, California, May 13-15.

SAN JOSE, Calif., May 15, 2025 /PRNewswire-PRWeb/ — Tianma, a leading global manufacturer of flat panel displays, is exhibiting its family of AMOLED technologies and solutions at Display Week 2025, Booth #416, San Jose, California, May 13-15. Tianma is introducing the following AMOLED products:

6.51″ HOI – This display – the world’s first three-in-one photosensitive functional screen – is equipped with Tianma’s self-developed HOI (Hybrid Optoelectronic Integration) technology. This HOI technology incorporates three essential functions through its innovative embedded sensor design: fingerprint recognition, ambient light and color temperature sensing, and OLED emitter monitoring. Compared to traditional fingerprint solutions, our display offers a larger sensing area and faster recognition speed, significantly enhancing the user experience. The integrated ambient light and color temperature sensor continuously monitors environmental lighting conditions, allowing the system’s SoC to dynamically adjust display parameters for optimal visual comfort in real time. Additionally, the OLED emitter monitoring function tracks brightness data and leverages intelligent compensation algorithms to ensure consistently high display performance throughout the product’s lifecycle.

6.67″ Switchable Privacy Display – Based on Tianma’s own switchable privacy display technology, this module allows for independent switching between share and privacy display modes to cater to users’ needs for rapid sharing/privacy switching in different application scenarios. The process that allows for switchable privacy is built into the AMOLED construction, using a black matrix in the pixel definition layer (PDL), combined with a novel structure at the subpixel level. In share mode, it offers clearer and brighter picture quality along with a wide viewing angle. When switched to privacy mode, the viewing angle is narrowed, eliminating users’ concerns about screen information leakage and safeguarding their privacy.

6.78″ New Fluorescent Tech AMOLED Display – This 6.78-inch AMOLED display utilizes Tianma’s own Fluorescent materials innovation: a New Fluorescent Blue (NFB), and a Phosphor-Sensitized Fluorescent (PSF) green AMOLED. Combining these techniques allows the device to achieve an internal quantum efficiency (IQE) approaching the theoretical limit. This technique overcomes traditional technology limitations through an innovative approach to emissive OLED materials driving the next generation of ultra-efficient displays. These new materials enable the latest evolution of AMOLED devices with richer colors, reduced power consumption, and extended lifetimes.

More information about the innovative new display solutions being displayed by Tianma is available at Booth 416 at Display Week and in the Tianma press kits, accessible online at usa.tianma.com/press

Additional information can be found at usa.tianma.com.

About Tianma America, Inc.

Tianma America (TMA) is the leading provider of small- to medium-size display solutions to the Americas market utilizing advanced technologies and manufacturing resources of the Tianma Group Companies, which includes R&D and manufacturing locations in Chengdu, Wuhan, Xiamen, Wuhu, Shenzhen and Shanghai China. Tianma America technologies can be found in automotive cockpit and rear seat entertainment devices, smartphones, tablet PCs, industrial and medical instrumentation, wearables, home automation, household appliances, and office equipment. Additional applications include test and measurement systems, instrumentation equipment, point-of-sale and ATM systems, gaming systems, global positioning systems, radio-frequency identification devices and barcode scanners.

Tianma America’s technology portfolio comprises: Micro-LED; a-Si, LTPS and Oxide-TFT LCD; rigid, flexible and transparent AM-OLED; 3D, PCAP and In-cell/On-cell integrated touch. With a network of best-in-class distributors and value-added partners, Tianma America provides complete display module solutions for a broad base of customers and applications. For more information, visit us at usa.tianma.com or connect with us on LinkedIn.

The content in this press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.

Media Contact

Dale Maunu, Tianma America, Inc., 1 (408) 816-7003, Dale.Maunu@tianma.com, usa.tianma.com

Bill Maurer, Macrovision, 1 215-348-1010, bill@macrovis.com, www.macrovis.com

View original content to download multimedia:https://www.prweb.com/releases/tianma-introducing-new-amoled-display-technologies-at-display-week-2025-302456199.html

SOURCE Tianma America, Inc.

Continue Reading

Technology

KuCoin EU CEO Oliver Stauber Champions Trust and Innovation at HODL Summit 2025

Published

16 minutes ago

on

May 15, 2025

By

VICTORIA, Seychelles, May 15, 2025 /CNW/ — KuCoin, a leading global cryptocurrency exchange, proudly participated in the HODL Summit 2025, held on May 14-15 in Dubai. Oliver Stauber, CEO of KuCoin EU, joined distinguished panelists Gracy Chen, CEO of Bitget, Nils Andersen-Röed, Global Head of FIU at Binance, and moderator Nic Watson, Host of Encrypted Podcast, to discuss “Crypto‘s Trust Crisis: Navigating Security, Innovation & Adoption Post-Hacks.” During the panel, Oliver emphasized KuCoin’s commitment to security and trust, highlighting the industry’s resilience and unity in the face of challenges.

Strengthening Crypto‘s Foundation

“Innovation drives growth, but trust secures the future,” Oliver stated. “Security is the bedrock of KuCoin’s operations, paired with sustainable growth as our guiding principle.” KuCoin balances rapid global expansion with user asset safety through a focus on compliance and cutting-edge technology. The exchange has invested heavily in rebuilding its core systems, ensuring technical excellence and scalability for the long term.

Industry Unity and Resilience

During the panel, Oliver contrasted the crypto industry’s response to security challenges with the 2008 financial crisis. “When Lehman Brothers collapsed, trust among banks evaporated, leading to years of suffering for clients and the broader economy,” he said. “In contrast, when hacks occur in crypto, industry leaders collaborate swiftly. This unity ensures no user or the market as a whole suffers long-term damage, fostering trust from both users and the market.”

Rebuilding for a Secure Future

Oliver shared KuCoin’s proactive approach to security, noting that over the past years, the exchange has undertaken a comprehensive rebuild of its core systems. This initiative focuses on enhancing security protocols, improving scalability, and ensuring reliability to meet the demands of its growing user base while maintaining the highest standards of asset protection. These efforts reflect KuCoin’s commitment to staying ahead of threats and delivering a robust platform for its 40 million users worldwide.

Building Trust in the Crypto Ecosystem

“Exchanges are the backbone of crypto‘s future, built on transparency and trust. Our ISO 27001:2022 certification is a testament to our unwavering commitment to security,” Oliver asserted. KuCoin reinforces reliability with maintaining over 100% Proof of Reserves audited monthly by a third party, SOC 2 Type II certification, and the newly earned ISO 27001:2022 certification, announced May 13, 2025, as part of its efforts to build a more secure and trustworthy crypto ecosystem. Further, KuCoin recently announced its $2 billion Trust Project, aiming to set new benchmarks for security and compliance.

With five global regulatory licenses in hand, KuCoin plans to launch compliant platforms in Europe and Australia by late 2025, while expanding the KCS ecosystem to deliver greater value to its global community.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kucoin-eu-ceo-oliver-stauber-champions-trust-and-innovation-at-hodl-summit-2025-302456369.html

SOURCE KuCoin

Continue Reading

Trending