Technology

Aviat Networks Acquires 4RF, a Leading Provider of Industrial Wireless Access Solutions for Critical Infrastructure

Published

2 years ago

July 3, 2024

AUSTIN, Texas, July 2, 2024 /PRNewswire/ — Aviat Networks, Inc. (“Aviat”) (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today announced the acquisition of 4RF Limited (“4RF”), a leading provider of industrial wireless access solutions, including narrowband point-to-point/multi-point radios and Private LTE and 5G routers.

Designed specifically for critical infrastructure networks including utilities, oil and gas, mining, public safety and military, 4RF’s family of narrowband radios and LTE and 5G routers offer industry leading reliability and performance. Common applications include Private LTE/5G, smart grid, distribution automation, metering and renewables, as well as general supervisory control and data acquisition (SCADA) and telemetry applications.

Spending on critical infrastructure networks is increasing worldwide driven by growing demand for security, automation, and fixed and mobile data communications such as video. Additionally, the increasing availability of spectrum for private networks in various countries around the world is a catalyst for growth.

This acquisition opens new segments for Aviat: a $200M 1 narrowband connectivity segment and the Cellular (LTE/5G) Router market which is $1.4B 2 market today growing to $2.5B by 2027.

With a proven and established presence in over 300 critical infrastructure customers in 160 countries worldwide, 4RF’s portfolio augments Aviat’s established offering of wireless access and transport solutions for private networks. Approximately 90% of 4RF and Aviat Networks utility customers are distinct, creating the possibility for future cross-selling opportunities.

“Operators of mission critical networks around the world rely on Aviat Networks for ultra-reliable and high-performance wireless solutions,” said Pete Smith, President and CEO of Aviat Networks. “Our acquisition of 4RF will further strengthen and expand our product offering for the global industrial wireless access markets including Private LTE/5G.”

Aviat expects the transaction to be immediately accretive to Aviat’s gross margin and to be accretive to adjusted EBITDA and non-GAAP EPS in the first year. Terms of the acquisition were not disclosed.

About Aviat Networks
Aviat Networks, Inc. is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Facebook and LinkedIn.

Forward Looking Statements
The information contained in this document includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including Aviat’s beliefs and expectations regarding the transaction with 4RF and the previously announced transaction with NEC Corporation (“NEC”), outlook, business conditions, new product solutions, customer positioning, future orders, bookings, new contracts, cost structure, profitability in fiscal 2024 and 2025, process improvements, plans and objectives of management, realignment plans and review of strategic alternatives and expectations regarding future revenue, gross margin, Adjusted EBITDA, operating income or earnings or loss per share. All statements, trend analyses and other information contained herein regarding the foregoing beliefs and expectations, as well as about the markets for the services and products of Aviat and trends in revenue, and other statements identified by the use of forward-looking terminology, including “anticipate,” “believe,” “plan,” “estimate,” “expect,” “goal,” “will,” “see,” “continue,” “delivering,” “view,” and “intend,” or the negative of these terms or other similar expressions, constitute forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, forward-looking statements are based on estimates reflecting the current beliefs, expectations and assumptions of the senior management of Aviat regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should therefore be considered in light of various important factors, including those set forth in this document. Therefore, you should not rely on any of these forward-looking statements.

Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include the following: the disruption the 4RF and NEC transactions may cause to customers, vendors, business partners and our ongoing business; our ability to integrate the operations of the acquired 4RF and NEC businesses with our existing operations and fully realize the expected synergies of the 4RF and NEC transactions on the expected timeline; impact of COVID-19; disruptions relating to the ongoing conflict between Russia and Ukraine and the conflict in Israel and surrounding areas; continued price and margin erosion in the microwave transmission industry; the impact of the volume, timing, and customer, product, and geographic mix of our product orders; our ability to meet financial covenant requirements; the timing of our receipt of payment; our ability to meet product development dates or anticipated cost reductions of products; our suppliers’ inability to perform and deliver on time, component shortages, or other supply chain constraints; the effects of inflation; customer acceptance of new products; the ability of our subcontractors to timely perform; weakness in the global economy affecting customer spending; retention of our key personnel; our ability to manage and maintain key customer relationships; uncertain economic conditions in the telecommunications sector combined with operator and supplier consolidation; our failure to protect our intellectual property rights or defend against intellectual property infringement claims; the results of our restructuring efforts; the ability to preserve and use our net operating loss carryforwards; the effects of currency and interest rate risks; the effects of current and future government regulations; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States and other countries where we conduct business; the conduct of unethical business practices in developing countries; the impact of political turmoil in countries where we have significant business; our ability to realize the anticipated benefits of any proposed or recent acquisitions; the impact of tariffs, the adoption of trade restrictions affecting our products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; our ability to implement our stock repurchase program or that it will enhance long-term stockholder value; and the impact of adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions.

For more information regarding the risks and uncertainties for Aviat’s business, see “Risk Factors” in Aviat’s Form 10-K filed for fiscal year ended June 30, 2023 filed with the U.S. Securities and Exchange Commission (“SEC”) on August 30, 2023, as well as other reports filed by Aviat with the SEC from time to time. Aviat undertakes no obligation to update publicly any forward-looking statement, whether written or oral, for any reason, except as required by law, even as new information becomes available or other events occur in the future.

1 Aviat Internal Research
2 Berg Insight, 2023. 5G router and gateway sales gain momentum (berginsight.com)

Contact
Investor Relations:
Andrew Fredrickson
Phone: (408) 501-6214
Email: andrew.fredrickson@aviatnet.com

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SOURCE Aviat Networks, Inc.

Technology

BC.GAME Token $BC Reaches New High, Gains More Than 260% Over the Past Year

Published

47 minutes ago

June 22, 2026

BC.GAME’s platform token continues its upward momentum as BC Engine cumulative rewards surpass 3.17 million BCD

BELIZE CITY, Belize, June 21, 2026 /PRNewswire/ — $BC has recently reached a new high.

TradingView data shows that $BC recently traded at around $0.01237. The token has posted gains across multiple timeframes, rising 20.13% over the past week, 75.30% over the past month, 115.16% over the past three months, 173.56% over the past six months, 175.68% year-to-date and 261.41% over the past year.

The latest move comes as BC.GAME continues to expand the utility of its platform token. According to data shown on the BC Engine page, stakers have received more than 3,176,311 BCD, a USD-pegged stablecoin, in cumulative rewards, representing approximately $3.17 million in value. Over the past 24 hours, around 80,406 BCD in new rewards were added.

BC Engine is the reward distribution mechanism built by BC.GAME around $BC. After users earn $BC through Play to Earn on the BC.GAME platform, the token can be automatically staked and used to participate in platform-related reward distribution. BC Engine also connects reward distribution, platform buybacks, token burns and ecosystem nodes, bringing user activity, platform operations and ecosystem revenue into one mechanism.

BC Engine currently features several Engine Nodes, including Croco Gaming, BC Originals and BETBY. As more platform businesses and ecosystem partners are connected, BC Engine is becoming a core entry point for linking user participation with platform reward distribution within the $BC ecosystem.

For $BC, the recent price performance has also brought renewed attention to its use case within the platform. Rather than serving only as a platform reward asset, $BC is entering a longer-term participation model through BC Engine, covering automatic staking, reward distribution, buybacks, token burns and ecosystem node contributions.

“$BC is not only about price performance, but about how it is used within the platform and how it connects with user participation, platform activity and ecosystem growth,” a BC.GAME spokesperson said. “The goal of BC Engine is to make $BC a more long-term and participatory part of the BC.GAME ecosystem.”

About BC.GAME

BC.GAME is a crypto-first iGaming and entertainment platform offering casino games, sports betting and original gaming experiences to a global player base across markets where permitted. The platform supports cryptocurrency-based gameplay and continues to expand its ecosystem through BC Originals, sports betting products, platform rewards and $BC-related mechanisms.

$BC is the platform token within the BC.GAME ecosystem. Through BC Engine, BC.GAME connects user participation, platform rewards, buybacks, token burns and ecosystem node contributions into a broader reward distribution mechanism.

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SOURCE BC.GAME

Technology

EV Battery Recycling Market to Reach USD 19.0 Billion by 2033, CAGR 45.0%, Creating Multi-Billion-Dollar Opportunity for Battery Recycling Companies

Published

47 minutes ago

June 22, 2026

Growing Demand for Sustainable Battery Management, Critical Mineral Recovery, and Circular Economy Initiatives Continues to Drive Industry Expansion

SAN FRANCISCO, June 21, 2026 /PRNewswire/ — The global electric vehicle (EV) battery recycling market is witnessing unprecedented momentum as governments, automakers, battery manufacturers, and sustainability stakeholders intensify efforts to establish circular supply chains for critical battery materials. According to the latest industry analysis by Grand View Research, the global EV battery recycling market was valued at USD 1.0 billion in 2025 and reached USD 1.4 billion in 2026. The market is projected to expand to USD 19.0 billion by 2033, registering a robust compound annual growth rate (CAGR) of 45.0% from 2026 to 2033.

The rapid expansion of electric mobility worldwide, combined with increasing concerns over critical mineral availability, battery waste management, and environmental sustainability, is transforming EV battery recycling from a supporting industry into a strategic pillar of the global energy transition.

Battery Recycling Emerges as a Critical Component of the EV Value Chain

As electric vehicles continue gaining market share across major economies, the volume of batteries approaching end-of-life is expected to increase significantly over the coming years. This growing battery inventory is creating substantial opportunities for recyclers, material recovery companies, and technology providers.

Battery recycling enables the recovery of valuable materials including lithium, cobalt, nickel, copper, and other strategic metals that can be reintroduced into battery manufacturing processes. This closed-loop approach not only reduces dependence on virgin raw materials but also supports sustainability goals established by governments and corporations worldwide.

Industry participants are increasingly investing in advanced recycling technologies capable of maximizing recovery rates while reducing environmental impact. These developments are expected to improve the economic viability of recycling operations and strengthen supply chain resilience across the battery ecosystem.

Get Free Sample of this Research Report for more Latest Industry Insights

Increasing Regulatory Support Drives Industry Expansion

Government regulations and sustainability mandates are becoming major growth catalysts for the EV battery recycling industry. Policymakers across North America, Europe, and Asia Pacific are implementing frameworks designed to improve battery collection, material recovery, and waste management practices.

These initiatives aim to reduce landfill waste, minimize environmental risks associated with battery disposal, and ensure responsible management of critical resources required for future electrification efforts.

As environmental regulations continue to evolve, manufacturers are increasingly integrating recycling partnerships into their long-term supply chain strategies. This trend is expected to create significant opportunities for battery recyclers and technology developers over the forecast period.

Asia Pacific Leads Global Market Growth

Asia Pacific emerged as the largest regional market, accounting for 43% of global revenue in 2025. The region’s leadership position is supported by extensive EV manufacturing activity, large-scale battery production facilities, and strong government support for electrification initiatives.

Countries such as China, India, Japan, and South Korea continue to invest heavily in battery manufacturing and recycling infrastructure, creating a favorable environment for long-term market growth.

The region’s dominance is further strengthened by the presence of major battery producers and automotive manufacturers seeking sustainable solutions for battery lifecycle management.

Lithium-Ion Batteries Dominate Recycling Demand

By battery type, lithium-ion batteries accounted for the largest revenue share of 60%% in 2025. The segment’s dominance reflects the widespread use of lithium-ion technology across passenger electric vehicles, commercial EVs, and energy storage applications.

Lithium-ion batteries are increasingly preferred due to their high energy density, chemical stability, and performance characteristics. As global EV adoption accelerates, the volume of lithium-ion batteries entering the recycling stream is expected to rise substantially.

This trend is encouraging recycling companies to invest in specialized technologies designed to efficiently recover high-value materials from lithium-ion battery systems.

Production Scrap Represents the Largest Source Segment

The production scrap segment accounted for 73% of total market revenue in 2025, making it the leading source category within the EV battery recycling market.

Growing battery manufacturing activity across major economies has resulted in increased volumes of production scrap generated during cell and battery pack manufacturing processes. These materials provide recyclers with an immediate and reliable feedstock source while supporting circular manufacturing objectives.

As battery gigafactory investments continue expanding worldwide, production scrap is expected to remain a significant contributor to recycling volumes throughout the forecast period.

Passenger Cars Account for the Largest Market Share

Passenger cars represented the dominant vehicle segment, accounting for 80% of market revenue in 2025. The segment’s leadership is directly linked to rising consumer adoption of electric passenger vehicles and increasing investments by automotive manufacturers in EV production.

Government incentives, emissions reduction targets, and advancements in battery technology continue to drive demand for electric passenger cars globally. As these vehicles reach the end of their battery lifecycle, recycling demand is expected to increase substantially.

The growing passenger EV fleet is anticipated to remain one of the most influential factors shaping future market expansion.

Browse more EV Industry Research Reports by Grand View Research

Industry Participants Focus on Innovation and Capacity Expansion

The competitive landscape is evolving rapidly as recycling companies, battery manufacturers, and technology providers pursue expansion opportunities across the value chain.

Key market participants are focusing on:

Advanced material recovery technologiesExpansion of recycling capacityStrategic partnerships with OEMs and battery producersDevelopment of closed-loop recycling systemsGeographic expansion into emerging EV markets

These initiatives are expected to strengthen supply chain efficiency while supporting the industry’s long-term sustainability objectives.

Outlook: Circular Battery Economy Becomes a Strategic Priority

The future of the EV battery recycling market will be shaped by continued growth in electric vehicle adoption, increasing demand for critical minerals, and expanding regulatory support for circular economy initiatives.

As the global transportation sector continues its transition toward electrification, battery recycling is expected to play an increasingly important role in securing raw material supplies, reducing environmental impact, and improving resource efficiency.

With market revenue forecast to reach USD 19.0 billion by 2033 and a projected CAGR of 45.0%, EV battery recycling is positioned to become one of the fastest-growing segments within the broader clean energy and sustainable mobility ecosystem.

To learn more about growth opportunities in the Electric Vehicle Battery Recycling Market, access the full report from Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Explore NeoImpact – Sustainability Intelligence Solution for Private Markets – Automating sustainability data, reporting, and risk intelligence across portfolios and enterprises.

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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SOURCE Grand View Research, Inc

Technology

Taylor’s University Ranked Among World’s Top 1%

Published

47 minutes ago

June 22, 2026

SUBANG JAYA, Malaysia, June 22, 2026 /PRNewswire/ — Taylor’s University has been ranked 272nd globally in the QS World University Rankings 2027, placing it among the top 1% of universities worldwide.

The position reflects the University’s continued focus on delivering education that is purposeful, globally connected, and future focused. As artificial intelligence (AI) reshapes industries and the nature of work, Taylor’s is reimagining education through a human led, AI enabled approach that equips students with the knowledge, adaptability, and real world capabilities needed to thrive in a rapidly evolving landscape.

A key example of this approach is Taylor’s Hybrid Flexible (HyFlex) learning framework, which combines physical, virtual, and self-directed learning into a connected learning experience. Rather than viewing AI as a replacement for teaching and learning, the University integrates technology to enhance personalisation, strengthen engagement, and support learning beyond the classroom.

“Strong graduate outcomes reflect how effectively students learn, adapt, and create value in a rapidly changing world. As technology transforms the way knowledge is accessed and applied, Taylor’s is committed to a human led, AI enabled education that combines personalised learning with real world application. We are preparing graduates with the curiosity, agility, and human capabilities needed to thrive in an evolving future,” said Professor Barry Winn, Vice Chancellor and President of Taylor’s University.

Looking ahead, Taylor’s will continue to advance personalised, industry connected, and purpose driven learning experiences while preparing graduates with the distinctly human capabilities that will remain essential in an AI enabled future.

For more information about Taylor’s University and its programmes, please visit the website here.

About Taylor’s University

Taylor’s University is the highest-ranked non-government-linked private university in Southeast Asia, ranked #272 in the QS World University Rankings 2027. This ranking places the university among the top 1% of global universities. Additionally, the university is ranked at No. 27 in Asia in the QS Asia University Rankings 2026 exercise. Taylor’s continues to play a strong role in developing Malaysia’s human resource capital, and boasts a 100,000-strong alumni, many of whom have become leaders in their respective fields.

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SOURCE Taylor’s University