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February 22, 2026

Author: admin

Cybeats Applauds New White House Memorandum Regarding … – Canada NewsWire

Sunday, 18 December 2022 by admin

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TORONTO, Sept. 22, 2022 /CNW/ – Cybeats Technologies Inc. (“Cybeats” or the “Company”) is pleased to comment on the memorandum (M-22-18) issued by the White House’s Office of Management and Budget on September 14, 2022 under President Biden’s May 2021 Cybersecurity Executive Order.
The memorandum, intended for the heads of executive departments and agencies, focuses on enhancing the security of the software supply chain through secure software development practices.1
The memo requires all federal agencies to complete a NIST-approved standardized self-attestation form before using any vendor’s or third-party software, including software renewals and major version changes. It also sets new deadlines for federal agencies with regards to their software inventory processes, communication and attestation processes, as well as organizational training needs. The memo further calls on the Cybersecurity and Infrastructure Security Agency (CISA) and the General Services Administration (GSA) to help develop a program plan for a government-wide central repository where software attestations and artifacts can be stored with mechanisms for information protection and sharing among federal agencies.
“By strengthening our software supply chain through secure software development practices, we are building on the Biden-Harris Administration’s efforts to modernize agency cybersecurity practices, including our federal zero trust strategy, improving our detection and response to threats, and our ability to quickly investigate and recover from cyberattacks,“2 stated the Federal CISO and Deputy National Cyber Director, Chris DeRusha.
“Following the recent rise of cyber-threats and an increased scrutiny of software supply chains, this memorandum comes at a crucial time for federal agencies and critical infrastructure departments” stated Yoav Raiter, CEO of Cybeats. “Cybeats applauds this memorandum and we will continue to put our efforts towards supporting the development of best practices for software supply chain intelligence and security.”
The full memorandum can be read here:
https://www.whitehouse.gov/wp-content/uploads/2022/09/M-22-18.pdf
The National Institute of Standards and Technology have released a Secure Software Development Framework (SSDF) on recommendations for mitigating the risk of software vulnerabilities. The SSDF Framework provides a core set of high-level secure software development practices that can be integrated into each SDLC implementation. The Framework highlights that “following these practices should help software producers reduce the number of vulnerabilities in released software, mitigate the potential impact of the exploitation of undetected or unaddressed vulnerabilities, and address the root causes of vulnerabilities to prevent future recurrences, and to foster communications with suppliers in acquisition processes and other management activities.“3
Cybeats SBOM Studio, already deployed commercially, helps companies to achieve compliance with the NIST SP 800-218 SSDF Framework as well as with U.S. and North American cybersecurity regulation at large.
SBOM Studio provides organizations with the capability to efficiently manage SBOM (Software Bill of Materials) and software vulnerabilities, and provides proactive mitigation of risks to their software supply chain. Key product features include robust software supply chain intelligence, universal SBOM document management and repository, continuous vulnerability, threat insights, precise risk management, software license infringement and utilization and SBOM exchange with regulatory authorities, customers and vendors.
Cybeats is a leading software supply chain intelligence technology provider, helping organizations manage risk, meet compliance and secure software from procurement, development through operation. Our platform provides customers with deep visibility and universal transparency into their software supply chain, as a result enables them to increase operational efficiencies and revenue. Cybeats.
Software Made Certain. Website: www.cybeats.com
Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE.
There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Under the parent company, Scryb Inc., company filings are available at sedar.com.
______________________________
1 https://www.whitehouse.gov/wp-content/uploads/2022/09/M-22-18.pdf 
2  https://governmentciomedia.com/white-house-issues-new-memo-secure-supply-chain
3 https://csrc.nist.gov/publications/detail/sp/800-218/final
SOURCE Cybeats Technologies Inc.
For further information: James Van Staveren, Corporate Development, Phone: 647-244-7229, Email: [email protected]
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Maxar Technologies To Be Acquired by Advent International for $6.4 Billion – Investing News Network

Sunday, 18 December 2022 by admin

Maxar stockholders to receive $53.00 per share in cash, a 129% premium to prior closing price
Maxar to remain U.S.-controlled and operated company following close
Advent brings 35+ year investment track record with significant experience in global security and defense
Transaction will support Maxar to accelerate investment in and development of the Company's next-generation satellite technologies and data insights for its customers
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) ("Maxar" or the "Company"), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that it has entered into a definitive merger agreement to be acquired by Advent International ("Advent"), one of the largest and most experienced global private equity investors, in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion. Advent is headquartered in the United States and has a demonstrable track record as a responsible owner of defense and security businesses. Following the close of the transaction, Maxar will remain a U.S.-controlled and operated company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221216005078/en/
Under the terms of the definitive merger agreement, Advent has agreed to acquire all outstanding shares of Maxar common stock for $53.00 per share in cash. The purchase price represents a premium of approximately 129% over Maxar's closing stock price of $23.10 on December 15, 2022, the last full trading day prior to this announcement, an approximately 135% premium to the 60-day volume-weighted average price prior to this announcement, and a premium of approximately 34% over Maxar's 52-week high.
Following the closing of the transaction, Maxar will benefit from the significant resources, operational expertise and capacity for investment provided by Advent. As a private company, Maxar will be able to accelerate investments in next-generation satellite technologies and data insights that are vital to the Company's government and commercial customers, as well as pursue select, strategic M&A to further enhance the Company's portfolio of solutions. This includes supporting the successful delivery of the new Legion satellite constellation, accelerating the launch of Legion 7 and 8 satellites and further growing the Earth Intelligence and Space Infrastructure businesses through investments in next-generation capabilities, such as advanced machine learning and 3D mapping. With approximately $28 billion invested across the defense, security and cybersecurity sectors in the last three years, Advent's portfolio companies have substantial expertise supporting many satellite and defense platforms which serve the U.S. government and its allies as well as companies across the globe.
"This transaction delivers immediate and certain value to our stockholders at a substantial premium," said General Howell M. Estes, III (USAF Retired), Chair of Maxar's Board of Directors. "Maxar's mission has never been more important, and this transaction allows us to maximize value for stockholders while accelerating the Company's ability to deliver its mission-critical technology and solutions to customers over the near and long term."
"Today's announcement is an exceptional outcome for stockholders and is a testament to the hard work and dedication of our team, the value Maxar has created and the reputation we have built in our industry," said Daniel Jablonsky, President and CEO of Maxar. "Advent has a proven record of strengthening its portfolio companies and a desire to support Maxar in advancing our long-term strategic objectives. As a private company, we will have enhanced flexibility and additional resources to build on Maxar's strong foundation, further scale operations and capture the significant opportunities in a rapidly expanding market."
"We have tremendous respect and admiration for Maxar, its industry-leading technology and the vital role it serves in supporting the national security of the United States and its allies around the world," said David Mussafer, Chairman and Managing Partner of Advent. "We will prioritize Maxar's commitment as a core provider to the U.S. defense and intelligence communities, and allies, while providing Maxar with the financial and operational support necessary to apply its technology and team members even more fully to the missions and programs of its government and commercial customers."
"In our view, Maxar is a uniquely positioned and attractive asset in satellite manufacturing and space-based high-resolution imagery, with an incredible workforce and many opportunities ahead," said Shonnel Malani, Managing Director and global head of Advent's aerospace and defense team. "We have strong conviction in the growing need for the differentiated solutions Maxar provides, and our goal is to invest in expanding Maxar's satellite constellation as well as supporting Maxar's team to push the boundaries of innovation, ensuring mission success for its customers."
Transaction Details
Under the terms of the agreement, which has been unanimously approved by Maxar's Board of Directors, Maxar stockholders will receive $53.00 in cash for each share of common stock they own.
Advent has arranged committed debt and equity financing commitments for the purpose of financing the transaction, providing a high level of closing certainty. Funds advised by Advent have committed an aggregate equity contribution of $3.1 billion and British Columbia Investment Management Corporation ("BCI") is providing a minority equity investment through a committed aggregate equity contribution equal to $1.0 billion, both on the terms and subject to the conditions set forth in the signed equity commitment letters.
The agreement includes a 60-day "go-shop" period expiring at 11:59 pm EST on February 14, 2023. During this period, the Maxar Board of Directors and its advisors will actively initiate, solicit and consider alternative acquisition proposals from third parties. The Maxar Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this "go-shop" will result in a superior proposal, and Maxar does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or otherwise required. The Company, Advent and BCI will contemporaneously pursue regulatory reviews and approvals required to conclude the transaction.
The transaction is expected to close mid-2023, subject to customary closing conditions, including approval by Maxar stockholders and receipt of regulatory approvals. The transaction is not subject to any conditionality related to the launch, deployment or performance of Maxar's WorldView Legion satellite program. Upon completion of the transaction, Maxar's common stock will no longer be publicly listed. It is expected that Maxar will continue to operate under the same brand and maintain its current headquarters in Westminster, Colorado.
The foregoing description of the merger agreement and the transactions contemplated thereby is subject to, and is qualified in its entirety by reference to, the full terms of the merger agreement, which Maxar will be filing on Form 8-K.
Advisors
J.P. Morgan Securities LLC is serving as financial advisor to Maxar and Wachtell, Lipton, Rosen & Katz is serving as lead counsel to Maxar. Milbank LLP is serving as Maxar's legal advisor with respect to certain space industry and regulatory matters.
Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are serving as financial advisors to Advent and Weil, Gotshal & Manges LLP is serving as lead counsel to Advent. Covington & Burling LLP is serving as Advent's legal advisor with respect to certain regulatory matters.
Skadden, Arps, Slate, Meagher & Flom LLP is serving as lead counsel to BCI. Freshfields Bruckhaus Deringer LLP is serving as BCI's legal advisor with respect to certain regulatory matters.
About Maxar
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. For more information, visit www.maxar.com .
About Advent International
Founded in 1984 and based in Boston, MA, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 400 private equity investments across 41 countries, and as of September 30, 2022, had $89 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 285 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. This includes investments in defense, security and cybersecurity as well as critical national infrastructure.
For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information, visit
Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international
About BCI
British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada with C$211.1 billion under management, as of March 31, 2022. Based in Victoria, British Columbia, with offices in New York City and Vancouver, BCI is invested in: fixed income and private debt; public and private equity; infrastructure and renewable resources; as well as real estate equity and real estate debt. With our global outlook, we seek investment opportunities that convert savings into productive capital that will meet our clients' risk and return requirements over time.
BCI's private equity program actively manages a C$24.8 billion global portfolio of privately-held companies and funds with the potential for long-term growth and value creation. Leveraging our sector-focused teams in business services, consumer, financial services, healthcare, industrials, and technology, media and telecommunications, we work with strategic private equity partners to source and manage direct and co-sponsor/co-investment opportunities.
For more information, please visit bci.ca.
LinkedIn: https://www.linkedin.com/company/british-columbia-investment-management-corporation-bci
Additional Information About the Merger and Where to Find It
This communication relates to the proposed transaction involving Maxar. In connection with the proposed transaction, Maxar will file relevant materials with the U.S. Securities and Exchange Commission (the "SEC"), including Maxar's proxy statement on Schedule 14A (the "Proxy Statement"). This communication is not a substitute for the Proxy Statement or any other document that Maxar may file with the SEC or send to its shareholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS OF MAXAR ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain the documents (when available) free of charge at the SEC's website, www.sec.gov , or by visiting Maxar's investor relations website, https://investor.maxar.com/overview/default.aspx .
Participants in the Solicitation
Maxar and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of Maxar's common stock in respect of the proposed transaction. Information about the directors and executive officers of Maxar and their ownership of Maxar's common stock is set forth in the definitive proxy statement for Maxar's 2022 Annual Meeting of Stockholders, which was filed with the SEC on March 31, 2022, or its Annual Report on Form 10-K for the year ended December 31, 2021, and in other documents filed by Maxar with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC in respect of the proposed transaction when they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements concerning general economic conditions, our financial condition, including our anticipated revenues, earnings, cash flows or other aspects of our operations or operating results, and our expectations or beliefs concerning future events; and any statements using words such as "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," "may," "estimate," "outlook" or similar expressions, including the negative thereof, are forward-looking statements that involve certain factors, risks and uncertainties that could cause Maxar's actual results to differ materially from those anticipated. Such factors, risks and uncertainties include: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement between the parties to the proposed transaction; (2) the failure to obtain approval of the proposed transaction from Maxar's stockholders; (3) the failure to obtain certain required regulatory approvals or the failure to satisfy any of the other closing conditions to the completion of the proposed transaction within the expected timeframes or at all; (4) risks related to disruption of management's attention from Maxar's ongoing business operations due to the proposed transaction; (5) the effect of the announcement of the proposed transaction on the ability of Maxar to retain and hire key personnel and maintain relationships with its customers, suppliers and others with whom it does business, or on its operating results and business generally; (6) the ability of Maxar to meet expectations regarding the timing and completion of the transaction; (7) the impacts resulting from the conflict in Ukraine or related geopolitical tensions; (8) the impacts of the global COVID-19 pandemic or any other pandemics, epidemics or infectious disease outbreaks; (9) Maxar's ability to generate a sustainable order rate for the satellite and space manufacturing operations and develop new technologies to meet the needs of its customers or potential new customers; (10) the impacts of any changes to the policies, priorities, regulations, mandates and funding levels of governmental entities; (11) the impacts if Maxar's programs fail to meet contractual requirements or its products contain defects or fail to operate in the expected manner; (12) any significant disruption in or unauthorized access to Maxar's computer systems or those of third parties that it utilizes in its operations, including those relating to cybersecurity or arising from cyber-attacks, and security threats could result in a loss or degradation of service, unauthorized disclosure of data, or theft or tampering of intellectual property; (13) satellites are subject to construction and launch delays, launch failures, damage or destruction during launch; (14) if Maxar satellites fail to operate as intended; (15) the impacts of any loss of, or damage to, a satellite and any failure to obtain data or alternate sources of data for Maxar's products; (16) any interruption or failure of Maxar's infrastructure or national infrastructure; (17) Maxar's business with various governmental entities is concentrated in a small number of primary contracts; (18) Maxar operates in highly competitive industries and in various jurisdictions across the world; (19) uncertain global macro-economic and political conditions; (20) Maxar is a party to legal proceedings, investigations and other claims or disputes, which are costly to defend and, if determined adversely to it, could require it to pay fines or damages, undertake remedial measures or prevent it from taking certain actions; (21) Maxar's ability to attract, train and retain employees; (22) any disruptions in U.S. government operations and funding; (23) any changes in U.S. government policy regarding use of commercial data or space infrastructure providers, or material delay or cancellation of certain U.S. government programs; (24) Maxar's business involves significant risks and uncertainties that may not be covered by insurance; (25) Maxar often relies on a single vendor or a limited number of vendors to provide certain key products or services; (26) any disruptions in the supply of key raw materials or components and any difficulties in the supplier qualification process, as well as any increases in prices of raw materials; (27) any changes in Maxar's accounting estimates and assumptions; (28) Maxar may be required to recognize impairment charges; (29) Maxar's business is capital intensive, and it may not be able to raise adequate capital to finance its business strategies, including funding future satellites, or to refinance or renew its debt financing arrangements, or it may be able to do so only on terms that significantly restrict its ability to operate its business; (30) Maxar's ability to obtain additional debt or equity financing or government grants to finance operating working capital requirements and growth initiatives may be limited or difficult to obtain; (31) Maxar's indebtedness and other contractual obligations; (32) Maxar's current financing arrangements contain certain restrictive covenants that impact its future operating and financial flexibility; (33) Maxar's actual operating results may differ significantly from its guidance; (34) Maxar could be adversely impacted by actions of activist stockholders; (35) the price of Maxar's common stock has been volatile and may fluctuate substantially; (36) Maxar's operations in the U.S. government market are subject to significant regulatory risk; (37) failure to comply with the requirements of the National Industrial Security Program Operating Manual could result in interruption, delay or suspension of Maxar's ability to provide its products and services, and could result in loss of current and future business with the U.S. government; (38) Maxar's business is subject to various regulatory risks; (39) any changes in tax law, in Maxar's tax rates or in exposure to additional income tax liabilities or assessments; (40) Maxar's ability to use its U.S. federal and state net operating loss carryforwards and certain other tax attributes may be limited; (41) Maxar's operations are subject to governmental law and regulations relating to environmental matters, which may expose it to significant costs and liabilities; and (42) the other risks listed from time to time in Maxar's filings with the SEC.
For additional information concerning factors that could cause actual results and events to differ materially from those projected herein, please refer to Maxar's Annual Report on Form 10-K for the year ended December 31, 2021 and to other documents filed by Maxar with the SEC, including subsequent Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. Maxar is providing the information in this communication as of this date and assumes no obligation to update or revise the forward-looking statements in this communication because of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221216005078/en/
For Maxar:
Investor Relations
Jonny Bell
(303) 684-5543
jonny.bell@maxar.com
Media Relations
Fernando Vivanco
(720) 877-5220
fernando.vivanco@maxar.com
OR
Scott Bisang / Eric Brielmann / Jack Kelleher
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
dgi-jf@joelefrank.com
For Advent:
Bryan Locke / Jeremy Pelofsky
FGS Global
(212) 687-8080
adventinternational-us@fgsglobal.com
News Provided by Business Wire via QuoteMedia

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that the National Oceanic and Atmospheric Administration (NOAA) has modified Maxar's remote sensing license to enable the non-Earth imaging (NEI) capability for its current constellation on orbit as well as its next-generation WorldView Legion satellites.
Through this new license authority, Maxar can collect and distribute images of space objects across the Low Earth Orbit (LEO)—the area ranging from 200 kilometers up to 1,000 kilometers in altitude—to both government and commercial customers. Maxar's constellation is capable of imaging objects at less than 6 inch resolution at these altitudes, and it can also support tracking of objects across a much wider volume of space. Taken together, these capabilities can provide customers with accurate information to assist with mission operations and help address important Space Domain Awareness (SDA) and Space Traffic Management (STM) needs.

"Maxar's NEI capability has been licensed at a pivotal time for the space industry, when the rapid proliferation of space objects is creating an increasingly crowded Low-Earth Orbital environment, creating new risks for government and commercial missions," said Dan Jablonsky, Maxar President and Chief Executive Officer. "Thanks to NOAA's support and hard work, we are now able to leverage our long-held NEI capability to support critical national security missions, help commercial customers better protect and maintain their assets in orbit and provide a new tool to assist with broader space resiliency initiatives."
The ability to provide high-resolution imagery of space objects is more important than ever. There are more than 4,800 active satellites on orbit today, and Euroconsult estimates that 17,000 more satellites will be launched in the next decade. At the same, it is estimated that there are millions of pieces of space debris in LEO, and an impact from even the smallest piece of debris can cause significant damage to a satellite in orbit.
NEI can help address these challenges by bringing more transparency to the near-Earth space domain, thus helping operators better protect and maintain their assets. Maxar will work closely with government and commercial customers to utilize its NEI capabilities to help with a wide range of use cases, including:
The company will begin deploying its NEI capability in 2023 with a select group of early adopters who need to understand and characterize space objects at scale.
To learn more about this capability, visit www.maxar.com/non-earth-imaging .
About Maxar
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
Forward-Looking Statements
This press release may contain forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Any such forward-looking statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including those included in the Company's filings with U.S. securities and Canadian regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as may be required under applicable securities law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221205005197/en/
Investor Relations Contact:
Jonny Bell
Maxar Investor Relations
1-303-684-5543
jonny.bell@maxar.com
Media Contact:
Fernando Vivanco
Maxar Media Relations
1-720-877-5220
fernando.vivanco@maxar.com
News Provided by Business Wire via QuoteMedia

SXM-11 and -12 join SXM-9 and -10 in Maxar development pipeline for SiriusXM
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) and SiriusXM (NASDAQ: SIRI) today announced a new agreement commissioning Maxar to build and deliver two new geostationary communications satellites for SiriusXM.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221129006004/en/
The Maxar-built SXM-11 and SXM-12 satellites for SiriusXM as shown in an artist rendering. Credit: Maxar.
The SXM-11 and -12 satellite orders increase the total number of spacecraft in development for SiriusXM by Maxar to four, following the 2021 agreement for the construction of SXM-9 and -10.
"This investment reaffirms our commitment to satellite content delivery systems and cutting-edge technology," said Bridget Neville, SiriusXM's Senior Vice President of Satellite and Terrestrial Engineering and Operations. "SXM-11 and -12, along with SXM-9 and -10, will allow us to innovate and improve our service offerings for subscribers and will extend the continuous and reliable delivery of our audio entertainment content."

"This agreement, in combination with SXM-9 and -10 ordered last year, shows one of Maxar's greatest strengths—the advantage of performance at scale," said Chris Johnson, Maxar's Senior Vice President of Space. "These satellites will provide more capability to SiriusXM's fleet, including an expanded service area and higher service quality. We continue to push for new ways to expand capability for commercial geostationary customers, keeping our leadership in this market secure and growing."
There are more than 150 million SiriusXM-equipped vehicles on the road today that rely on SiriusXM's proprietary satellite network, which is also a key delivery mechanism for the company's 360L platform. SiriusXM with 360L combines satellite and streaming to ensure the best possible coverage across the U.S. and Canada and the best customer experience. SiriusXM also offers a suite of satellite-delivered Marine and Aviation services that provide pilots and boaters important weather data and information directly to their cockpits.
SXM-11 and -12 will be twin high-powered digital audio radio satellites, built on Maxar's proven 1300-class platform at the company's manufacturing facilities in Palo Alto and San Jose, California. Maxar has been building satellites for SiriusXM for more than two decades, including the first-generation Sirius satellites launched in 2000; the second-generation Sirius satellites launched in 2009 and 2013; and the company's current third-generation satellites, the first one of which started service in 2021. The delivery of SXM-11 and -12 will bring the number of Maxar-built spacecraft for SiriusXM to 13.
About Maxar
Maxar Technologies is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
About SiriusXM
Sirius XM Holdings Inc. is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. SiriusXM's platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers in North America, and deliver music, talk, news, comedy, entertainment and podcasts. SiriusXM offers the most extensive lineup of professional and college sports in audio. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM's subsidiaries Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. The Company's advertising sales arm, SXM Media, leverages its scale, cross-platform sales organization, and ad tech capabilities to deliver results for audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com .
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: we have been, and may continue to be, adversely affected by supply chain issues as a result of the global semiconductor supply shortage; we face substantial competition and that competition is likely to increase over time; if our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business; we rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business; we may not realize the benefits of acquisitions and other strategic investments and initiatives; the ongoing COVID-19 pandemic has introduced significant uncertainty to our business; a substantial number of our Sirius XM service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain; our business depends in part on the auto industry; failure of our satellites would significantly damage our business; our Sirius XM service may experience harmful interference from wireless operations; our Pandora ad-supported business has suffered a substantial and consistent loss of monthly active users, which may adversely affect our Pandora business; our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business; if we are unable to maintain revenue growth from our advertising products our results of operations will be adversely affected; changes in mobile operating systems and browsers may hinder our ability to sell advertising and market our services; if we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners; privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities; consumer protection laws and our failure to comply with them could damage our business; failure to comply with FCC requirements could damage our business; if we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business; the market for music rights is changing and is subject to significant uncertainties; our Pandora services depend upon maintaining complex licenses with copyright owners, and these licenses contain onerous terms; the rates we must pay for "mechanical rights" to use musical works on our Pandora service have increased substantially and these new rates may adversely affect our business; failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results; some of our services and technologies may use "open source" software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses; rapid technological and industry changes and new entrants could adversely impact our services; we have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations; we are a "controlled company" within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements; while we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time; our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock; if we are unable to attract and retain qualified personnel, our business could be harmed; our facilities could be damaged by natural catastrophes or terrorist activities; the unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition; we may be exposed to liabilities that other entertainment service providers would not customarily be subject to; and our business and prospects depend on the strength of our brands. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2021, and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site ( http://www.sec.gov ). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221129006004/en/
Kristin Carringer
Maxar Media Relations
1-303-684-4352
kristin.carringer@maxar.com
Kevin Bruns
SiriusXM
Kevin.Bruns@siriusxm.com
News Provided by Business Wire via QuoteMedia

The satellite also known as EchoStar XXIV is expected to launch in the first half of 2023
EchoStar Corporation (Nasdaq: SATS) today announced an amended agreement with Maxar Technologies (NYSE:MAXR) (TSX:MAXR) for production of the EchoStar XXIV satellite, also known as JUPITER™ 3. The satellite, designed for EchoStar's Hughes Network Systems division, is under production at Maxar's facility in Palo Alto, CA. The amended agreement compensates EchoStar for past production delays by providing relief on future payments and expands EchoStar's recourse in the event of any further delays. The satellite is currently planned to launch in the first half of 2023.

EchoStar Corporation Logo. (PRNewsfoto/EchoStar Corporation)
"Launching and bringing the Hughes JUPITER 3 satellite into service is our highest priority to meet our customers' needs for connectivity," said Hamid Akhavan , CEO, EchoStar. "This agreement ensures that Maxar shares that priority with us and reinforces our joint commitment to complete production of the satellite to world-class standards, as expeditiously as possible."
"We look forward to continuing our strong collaboration with EchoStar to complete construction of the JUPITER 3 satellite in line with the current schedule," said Daniel Jablonsky , President and CEO, Maxar. "This agreement underscores Maxar's state-of-the-art manufacturing capabilities as we enter into the final phases of construction of this ground-breaking spacecraft."
Once in service, JUPITER 3 will deliver over 500 Gbps of high-throughput satellite capacity, doubling the size of the Hughes JUPITER fleet over North and South America . The satellite will bring ample capacity to grow the company's flagship satellite internet service, HughesNet ® , and help meet consumer, aeronautical and enterprise demand for more bandwidth and higher speeds.
The satellite is now undergoing final integration in preparation for dynamics testing. Remaining work on the satellite consists of the launch dynamics test, final spacecraft performance tests and shipment to the launch base.
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo. , and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit www.echostar.com . Follow @EchoStar on Twitter.
Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship Internet service, HughesNet ® , connects millions of subscribers across the Americas, and the Hughes JUPITER™ System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports nearly 500,000 enterprise sites with its HughesON™ portfolio of wired and wireless solutions. Headquartered in Germantown, Maryland , USA, Hughes is owned by EchoStar. To learn more, visit www.hughes.com or follow HughesConnects on Twitter and LinkedIn.
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers both create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
©2022 Hughes Network Systems, LLC, an EchoStar company. Hughes and HughesNet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.
Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/echostar-and-maxar-amend-agreement-for-hughes-jupiter-3-satellite-production-301685660.html
SOURCE EchoStar Corporation
News Provided by PR Newswire via QuoteMedia

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that Galaxy 31 and Galaxy 32, built for Intelsat, are performing as expected after being launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida.
These two geostationary satellites will enable Intelsat, operator of the world's largest integrated satellite and terrestrial network and leading provider of inflight connectivity, to transfer its services—uninterrupted—as part of the U.S. Federal Communications Commission (FCC) plan to reallocate parts of the C-band spectrum for 5G terrestrial wireless services. Galaxy 31 and Galaxy 32 are the first of five satellites that Intelsat contracted Maxar to build for the C-band transition. All five satellites will be built on Maxar's proven 1300-class platform , which offers the flexibility and power needed for a broad range of customer missions.

Shortly after launch earlier today, both satellites deployed their solar arrays and began receiving and sending signals. Next, Galaxy 31 and Galaxy 32 will begin firing thrusters to commerce their journeys to final geostationary orbit.
"Today's launch of Galaxy 31 and Galaxy 32 is another milestone in Maxar and Intelsat's decades-long relationship," said Chris Johnson, Maxar Senior Vice President and General Manager of Space. "Our team will begin initial on-orbit checkout and Intelsat will proceed with commissioning activities of these satellites so that Intelsat can start moving their services to the new spectrum."
"The Intelsat Galaxy fleet is the most reliable and efficient media content distribution system in North America, enabled by Maxar's engineering and manufacturing expertise," said David C. Wajsgras, Intelsat CEO. "This investment will deliver a high-performance technology path through the next decade."
Maxar also manufactured Intelsat's Galaxy 35 and Galaxy 36, which are preparing for launch in mid-December 2022.
About Maxar
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com .
Forward-Looking Statements
This press release may contain forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Any such forward-looking statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including those included in the Company's filings with U.S. securities and Canadian regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as may be required under applicable securities law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221112005055/en/
Investor Relations Contact:
Jonny Bell
Maxar Investor Relations
1-303-684-5543
jonny.bell@maxar.com

Media Contact:
Kristin Carringer
Maxar Media Relations
1-303-684-4352
kristin.carringer@maxar.com
News Provided by Business Wire via QuoteMedia

The robotics industry is one of the largest markets in the technology space today, with applications across diverse sectors. However, this diversity may leave market watchers wondering how to invest in robotics.
In simple terms, robotics is defined as the "science and technology behind the design, manufacturing and application of robots." Robots themselves are devices that can perform tasks the same way people do, but without the assistance of human interaction.
Some experts believe a "robot revolution" will completely change the global economy over the next 20 years or so, and with the rise of robotics all but guaranteed, the Investing News Network has put together a primer on the sector. Read on to learn more.

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According to Market Research Future, the global robotics market is expected to grow at a compound annual growth rate (CAGR) of 22.8 percent between 2021 and 2030 to reach US$214.68 billion. This growth will be tied to the adoption of artificial intelligence (AI) and robotics technology across industries like defense and security, manufacturing, electronics, automotive and healthcare.
Research firm Markets and Markets projects that the industrial segment of the robotics market alone will grow at a CAGR of 14.3 percent from 2022 to 2027 to reach a value of US$30.8 billion. The outlet predicts that the robotics market will play a key role in the coming age of automation, with smart factories increasing demand for robots — in fact, robots are already making their way into consumer goods manufacturing, food processing and packaging and ecommerce supply chain automation.
Demand for industrial robots is also rising in the medical field, including surgical robotics. Grand View Research projects that this segment of the robotics market will experience a CAGR of 19.3 percent from 2022 to 2030 to reach US$18.2 billion.
Aside from that, the automotive industry has long been a sector where industrial robotics has played a hugely transformative role. Not long ago, auto manufacturer BMW (ETR:BMW) signed a supply agreement with robotics firm KUKA (OTC Pink:KUKAF,ETR:KU2) for 5,000 robots to help manufacture BMW's current and future vehicle models.
More recently, in 2021, Nissan (OTC Pink:NSANY,TSE:7201) announced its Intelligent Factory initiative, which will harness AI, the internet of things and robotics technology for vehicle manufacturing to create a zero-emission production system.
For investors looking to enter this emerging tech sector, robotics stocks may be a good place to start.
Stocks are generally the more popular route to take when it comes to investment opportunities, and there's certainly no shortage of robotics stocks to choose from. Major companies in the robotics sector include:
For investors who would rather put their money into the robotics sector as a whole as opposed to a single company, exchange-traded funds (ETFs) may be the way to go. There are a handful of robotics ETFs for investors to choose from, and they track a variety of companies in the industry. Here are three examples to consider:
In summary, the robotics industry isn't going anywhere anytime soon and it looks to have a wealth of investment heading its way. It seems likely to be an attractive space for investors for many years.

This is an updated version of an article originally published by the Investing News Network in 2017.

Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) ("Maxar" or the "Company"), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced financial results for the quarter ended September 30, 2022.
Key points from the quarter include:
"We made good progress in our business during the quarter. In Earth Intelligence, we continue to gain wider traction with the investments we've been making, especially in our 3D and platform capabilities, and are looking forward to the enhanced capacity coming online soon from the WorldView Legion satellites," said Dan Jablonsky, President and Chief Executive Officer. "The Space Infrastructure segment performed well this quarter, generating solid margin expansion and program execution; and continues to be well positioned for wins across national defense, commercial and civil missions."

"We generated positive free cash flow in the quarter and book-to-bill now stands at 1.8x on a year-to-date basis, driven by solid awards at both Earth Intelligence and Space Infrastructure," said Biggs, Porter, Chief Financial Officer. "With Legion nearing launch, our existing backlog and the growth we expect from our diverse and expanding product offerings, we remain committed to substantial growth in earnings and free cash flow next year and over the long term. We are maintaining our prior targets for 2023, having only adjusted them for our recent refinancing activity."
Total revenues remained relatively flat and were $436 million for the three months ended September 30, 2022, compared to $437 million for the same period of 2021.
For the three months ended September 30, 2022, our net loss was $4 million compared to net income of $14 million for the same period of 2021. The decrease in net income was primarily due to an increase in selling, general and administrative costs of $21 million, an increase in other expenses of $14 million, an increase in interest expense of $5 million and an increase in income tax expense of $5 million. This decrease was partially offset by a decrease in product costs of $19 million within our Space Infrastructure segment and a decrease in depreciation and amortization of $10 million for the three months ended September 30, 2022, compared to the same period of 2021.
For the three months ended September 30, 2022, Adjusted EBITDA was $110 million and Adjusted EBITDA margin was 25.2%. This is compared to Adjusted EBITDA of $113 million and Adjusted EBITDA margin of 25.9 % for the same period of 2021. The decrease was primarily driven by lower Adjusted EBITDA from our Earth Intelligence segment and an increase in corporate and other expenses. The decrease was partially offset by an increase in Adjusted EBITDA from our Space Infrastructure segment. The increase in corporate and other expenses was primarily driven by a $5 million foreign exchange loss for the three months ended September 30, 2022, compared to a $1 million foreign exchange loss for the same period of 2021.
We had total order backlog of $2,955 million as of September 30, 2022 compared to $1,893 million as of December 31, 2021. The increase in backlog was primarily driven by an increase in the Earth Intelligence segment partially offset by a decrease in the Space Infrastructure segment. Our unfunded contract options totaled $2,130 million and $650 million as of September 30, 2022 and December 31, 2021, respectively. Unfunded contract options represent estimated amounts of revenue to be earned in the future from negotiated contracts with unexercised contract options and indefinite delivery/indefinite quantity contracts. Unfunded contract options as of September 30, 2022 were primarily comprised of option years in the EOCL Contract (for the periods June 15, 2027 through June 14, 2032) and other U.S. government contracts. Unfunded contract options as of December 31, 2021 were primarily comprised of the option year in the EnhancedView Contract (September 1, 2022 through July 12, 2023) and other U.S. government contracts. On May 25, 2022, we were awarded the EOCL Contract by the NRO, which is a 10-year contract worth up to $3.24 billion, inclusive of a firm 5-year base contract commitment worth $1.5 billion and options worth up to $1.74 billion. The EOCL Contract transitioned the imagery acquisition requirements previously addressed by the EnhancedView Contract and, with this award, replaces the scope of the EnhancedView Contract with respect to such requirements.
Financial Highlights
In addition to results reported in accordance with U.S. GAAP, we use certain non-GAAP financial measures as supplemental indicators of its financial and operating performance. These non-GAAP financial measures include EBITDA, Adjusted EBITDA and Adjusted EBITDA margin . We believe these supplementary financial measures reflect our ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in its business.

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021
($ millions, except per share amounts)

Revenues
$
436

$
437

$
1,279

$
1,302

Net (loss) income
$
(4
)

$
14

$
(41
)

$
(25
)
EBITDA 1

94

112

291

311

Total Adjusted EBITDA 1

110

113

313

312

Net (loss) income per common share:

Basic
$
(0.05
)

$
0.19

$
(0.56
)

$
(0.36
)
Diluted
$
(0.05
)

$
0.19

$
(0.56
)

$
(0.36
)

Weighted average number of common shares outstanding (millions) :

Basic

74.3

72.6

73.8

69.9

Diluted

74.3

74.7

73.8

69.9

1 This is a non-GAAP financial measure. Refer to section "Non-GAAP Financial Measures" in this earnings release.
Revenues by segment were as follows:

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021
($ millions)

Revenues:

Earth Intelligence
$
275

$
271

$
810

$
804

Space Infrastructure

186

180

549

541

Intersegment eliminations

(25
)

(14
)

(80
)

(43
)
Total revenues
$
436

$
437

$
1,279

$
1,302

We analyze financial performance by segment, which combine related activities within the Company.

Three Months Ended

Nine Months Ended

September 30,

September 30,
($ millions)
2022

2021

2022

2021

Adjusted EBITDA:

Earth Intelligence
$
115

$
124

$
343

$
362

Space Infrastructure

33

14

71

29

Intersegment eliminations

(10
)

(5
)

(28
)

(17
)
Corporate and other expenses

(28
)

(20
)

(73
)

(62
)
Total Adjusted EBITDA 1
$
110

$
113

$
313

$
312

1 This is a non-GAAP financial measure. Refer to section "Non-GAAP Financial Measures" in this earnings release.
Earth Intelligence

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021
($ millions)

Revenues
$
275

$
271

$
810

$
804

Adjusted EBITDA
$
115

$
124

$
343

$
362

Adjusted EBITDA margin (as a % of total revenues)

41.8
%

45.8
%

42.3
%

45.0
%
Revenues from the Earth Intelligence segment increased to $275 million from $271 million, or by $4 million, for the three months ended September 30, 2022, compared to the same period in 2021. The increase was primarily driven by a $15 million increase in revenues from the U.S. government, including $11 million from crisis support services, and a $3 million increase in revenues from international defense and intelligence customers. These increases in revenues were partially offset by a $14 million decrease in revenues from commercial programs primarily driven by revenue recognized from a significant commercial contract in the third quarter of 2021.
Adjusted EBITDA decreased to $115 million from $124 million, or by $9 million, for the three months ended September 30, 2022, compared to the same period of 2021. The decrease was primarily driven by increased spending, including on marketing and sales costs of $5 million, IT costs of $4 million, our ERP project of $3 million and other selling, general and administrative costs partially offset by higher revenues.
Space Infrastructure

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021
($ millions)

Revenues
$
186

$
180

$
549

$
541

Adjusted EBITDA
$
33

$
14

$
71

$
29

Adjusted EBITDA margin (as a % of total revenues)

17.7
%

7.8
%

12.9
%

5.4
%
Revenues from the Space Infrastructure segment increased to $186 million from $180 million, or by $6 million, for the three months ended September 30, 2022, compared to the same period of 2021. Revenues for the three months ended increased primarily as a result of a $4 million increase in revenues from U.S. government contracts and a $2 million increase in revenues from recurring commercial programs.
Adjusted EBITDA in the Space Infrastructure segment increased to $33 million from $14 million, or by $19 million, for the three months ended September 30, 2022, compared to the same period of 2021. The increase was primarily due to higher margins driven by reduced risks on certain programs nearing completion for the three months ended September 30, 2022, compared to the same period of 2021.
Corporate and other expenses
Corporate and other expenses include items such as corporate office costs, regulatory costs, executive and director compensation, foreign exchange gains and losses, retention costs and fees for legal and consulting services.
Corporate and other expenses increased to $28 million from $20 million, or by $8 million, for the three months ended September 30, 2022, compared to the same period in 2021. The increase was primarily driven by a $5 million foreign exchange loss for the three months ended September 30, 2022, compared to a $1 million foreign exchange loss for the same period in 2021. The increase was also driven by a $3 million increase in selling, general and administrative costs.
Intersegment eliminations
Intersegment eliminations are related to projects between our segments, including the construction of our WorldView Legion satellites. Intersegment eliminations increased to $10 million from $5 million, or by $5 million, for the three months ended September 30, 2022, compared to the same period in 2021, primarily related to an increase in intersegment satellite construction activity.
MAXAR TECHNOLOGIES INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021
Revenues:

Product
$
161

$
166

$
469

$
498

Service

275

271

810

804

Total revenues

436

437

1,279

1,302

Costs and expenses:

Product costs, excluding depreciation and amortization

125

144

380

448

Service costs, excluding depreciation and amortization

95

93

280

286

Selling, general and administrative

110

89

320

261

Depreciation and amortization

64

74

199

221

Gain on sale of assets

(1
)

—

(1
)

—

Operating income

43

37

101

86

Interest expense, net

30

25

129

127

Other expense (income), net

12

(2
)

7

(6
)
Income (loss) before taxes

1

14

(35
)

(35
)
Income tax expense (benefit)

5

—

6

(10
)
Net (loss) income
$
(4
)

$
14

$
(41
)

$
(25
)

Net (loss) income per common share:

Basic
$
(0.05
)

$
0.19

$
(0.56
)

$
(0.36
)
Diluted
$
(0.05
)

$
0.19

$
(0.56
)

$
(0.36
)
MAXAR TECHNOLOGIES INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions, except per share amounts)

September 30,

December 31,

2022

2021
Assets

Current assets:

Cash and cash equivalents

$
28

$
47

Trade and other receivables, net

399

355

Inventory, net

39

39

Advances to suppliers

27

31

Prepaid assets

32

35

Other current assets

64

22

Total current assets

589

529

Non-current assets:

Orbital receivables, net

348

368

Property, plant and equipment, net

1,036

940

Intangible assets, net

712

787

Non-current operating lease assets

136

145

Goodwill

1,627

1,627

Other non-current assets

109

102

Total assets

$
4,557

$
4,498

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$
91

$
75

Accrued liabilities

73

43

Accrued compensation and benefits

65

111

Contract liabilities

245

289

Current portion of long-term debt

22

24

Current operating lease liabilities

33

42

Other current liabilities

70

38

Total current liabilities

599

622

Non-current liabilities:

Pension and other postretirement benefits

125

134

Operating lease liabilities

136

138

Long-term debt

2,172

2,062

Other non-current liabilities

64

79

Total liabilities

3,096

3,035

Commitments and contingencies

Stockholders' equity:

Common stock ($0.0001 par value, 240 million common shares authorized; 74.3 million and 72.7 million issued and outstanding at September 30, 2022 and December 31, 2021, respectively)

—

—

Additional paid-in capital

2,256

2,235

Accumulated deficit

(763
)

(720
)
Accumulated other comprehensive loss

(32
)

(53
)
Total Maxar stockholders' equity

1,461

1,462

Noncontrolling interest

—

1

Total stockholders' equity

1,461

1,463

Total liabilities and stockholders' equity

$
4,557

$
4,498

MAXAR TECHNOLOGIES INC.
Unaudited Condensed Consolidated Statements of Cash Flows
(In millions)

Nine Months Ended

September 30,

2022

2021
Cash flows provided by (used in):

Operating activities:

Net loss

$
(41
)

$
(25
)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

Depreciation and amortization

199

221

Stock-based compensation expense

35

31

Amortization of debt issuance costs and other non-cash interest expense

12

11

Loss from early extinguishment of debt

53

41

Cumulative adjustment to SXM-7 revenue

—

30

Deferred income tax expense

1

2

Other

11

(3
)
Changes in operating assets and liabilities:

Trade and other receivables, net

(31
)

(33
)
Accounts payable and liabilities

5

(57
)
Contract liabilities

(44
)

(20
)
Other

(9
)

(12
)
Cash provided by operating activities – continuing operations

191

186

Cash used in operating activities – discontinued operations

—

(1
)
Cash provided by operating activities

191

185

Investing activities:

Purchase of property, plant and equipment and development or purchase of software

(226
)

(156
)
Acquisition of investment

(2
)

—

Cash used in investing activities – continuing operations

(228
)

(156
)
Financing activities:

Cash paid to extinguish existing Term Loan B

(1,341
)

—

Proceeds from amendment of Term Loan B, net of discount

1,329

—

Repurchase of 9.75% 2023 Notes, including premium

(537
)

(384
)
Proceeds from issuance of 7.75% 2027 Notes

500

—

Net proceeds from Revolving Credit Facility

125

—

Debt issuance costs paid

(27
)

—

Settlement of securitization liability

(10
)

(9
)
Repayments of long-term debt

(12
)

(7
)
Net proceeds from issuance of common stock

—

380

Other

(10
)

(4
)
Cash provided by (used in) financing activities – continuing operations

17

(24
)
(Decrease) increase in cash, cash equivalents, and restricted cash

(20
)

5

Effect of foreign exchange on cash, cash equivalents, and restricted cash

—

—

Cash, cash equivalents, and restricted cash, beginning of year

48

31

Cash, cash equivalents, and restricted cash, end of period

$
28

$
36

Reconciliation of cash flow information:

Cash and cash equivalents

$
28

$
36

Restricted cash included in prepaid and other current assets

—

—

Total cash, cash equivalents, and restricted cash

$
28

$
36

NON-GAAP FINANCIAL MEASURES
In addition to results reported in accordance with U.S. GAAP, we use certain non-GAAP financial measures as supplemental indicators of our financial and operating performance. These non-GAAP financial measures include EBITDA, Adjusted EBITDA and Adjusted EBITDA margin.
We define EBITDA as earnings before interest, taxes, depreciation and amortization, Adjusted EBITDA as EBITDA adjusted for certain items affecting the comparability of our ongoing operating results as specified in the calculation and Adjusted EBITDA margin as Adjusted EBITDA divided by revenue. Certain items affecting the comparability of our ongoing operating results between periods include restructuring, impairments, insurance recoveries, gain (loss) on sale of assets, (gain) loss on orbital receivables allowance, offset obligation fulfillment and transaction and integration related expense. Transaction and integration related expense includes costs associated with de-leveraging activities, acquisitions and dispositions and the integration of acquisitions. Management believes that exclusion of these items assists in providing a more complete understanding of our underlying results and trends, and management uses these measures along with the corresponding U.S. GAAP financial measures to manage our business, evaluate our performance compared to prior periods and the marketplace, and to establish operational goals. Adjusted EBITDA is a measure being used as a key element of our incentive compensation plan. Our Syndicated Credit Facility also uses Adjusted EBITDA in the determination of our debt leverage covenant ratio. The definition of Adjusted EBITDA in the Syndicated Credit Facility includes a more comprehensive set of adjustments that may result in a different calculation therein.
We believe that these non-GAAP measures, when read in conjunction with our U.S. GAAP results, provide useful information to investors by facilitating the comparability of our ongoing operating results over the periods presented, the ability to identify trends in our underlying business, and the comparison of our operating results against analyst financial models and operating results of other public companies.
EBITDA, Adjusted EBITDA and Adjusted EBITDA margin are not recognized terms under U.S. GAAP and may not be defined similarly by other companies. EBITDA and Adjusted EBITDA should not be considered alternatives to net (loss) income as indications of financial performance or as alternate to cash flows from operations as measures of liquidity. EBITDA and Adjusted EBITDA have limitations as an analytical tool and should not be considered in isolation or as a substitute for our results reported under U.S. GAAP. The table below reconciles our net income to EBITDA and Total Adjusted EBITDA and presents Total Adjusted EBITDA margin for the three and nine months ended September 30, 2022 and 2021.

Three Months Ended

Nine Months Ended

September 30,

September 30,

2022

2021

2022

2021

($ millions)

Net (loss) income

$
(4
)

$
14

$
(41
)

$
(25
)

Income tax expense (benefit)

5

—

6

(10
)

Interest expense, net

30

25

129

127

Interest income

(1
)

(1
)

(2
)

(2
)

Depreciation and amortization

64

74

199

221

EBITDA

$
94

$
112

$
291

$
311

Restructuring

5

—

10

—

Transaction and integration related expense

—

1

1

1

Gain on sale of asset

(1
)

—

(1
)

—

Offset obligation fulfillment

12

—

12

—

Total Adjusted EBITDA

$
110

$
113

$
313

$
312

Adjusted EBITDA:

Earth Intelligence

115

124

343

362

Space Infrastructure

33

14

71

29

Intersegment eliminations

(10
)

(5
)

(28
)

(17
)

Corporate and other expenses

(28
)

(20
)

(73
)

(62
)

Total Adjusted EBITDA

$
110

$
113

$
313

$
312

Net (loss) income margin

(0.9
)
%

3.2

%

(3.2
)
%

(1.9
)
%
Total Adjusted EBITDA margin

25.2

%

25.9

%

24.5

%

24.0

%
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking statements" as defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and include statements regarding, among other things, our anticipated revenues, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could," "may," "estimate," "outlook" and similar expressions, including the negative thereof.
These forward-looking statements are based on management's current expectations and assumptions based on information currently known to us and our projections of the future, about which we cannot be certain. Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this press release. As a result, although we believe we have a reasonable basis for each forward-looking statement contained in this press release, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be accurate. Risks and uncertainties that could cause actual results to differ materially from current expectations include: risks related to the conflict in Ukraine or related geopolitical tensions; our ability to generate a sustainable order rate for our satellite and space manufacturing operations within our Space Infrastructure segment, including our ability to develop new technologies to meet the needs of existing or potential customers; risks related to our business with various governmental entities, which is subject to the policies, priorities, regulations, mandates and funding levels of such governmental entities; our ability to meet our contractual requirements and the risk that our products contain defects or fail to operate in the expected manner; the risk of any significant disruption in or unauthorized access to our computer systems or those of third parties that we utilize in our operations; the ability of our satellites to operate as intended and risks related to launch delays, launch failures or damage or destruction to our satellites during launch; risks related to the interruption or failure of our infrastructure or national infrastructure; the COVID-19 pandemic and its impact on our business operations, financial performance, results of operations and stock price; and the risk factors set forth in Part II, Item 1A, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 and filed with the Securities and Exchange Commission (the "SEC") on August 9, 2022, as such risks and uncertainties may be updated or superseded from time to time by subsequent reports we file with the SEC.
The forward-looking statements contained in this press release speak only as of the date hereof are expressly qualified in their entirety by the foregoing risks and uncertainties. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially adversely affect our business, prospects, financial condition, results of operations and cash flows. The Company undertakes no obligation to publicly update or revise any of its forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
Unless stated otherwise or the context otherwise requires, references to the terms "Company," "Maxar," "we," "us," and "our" to refer collectively to Maxar Technologies Inc. and its consolidated subsidiaries.
Investor/Analyst Conference Call
Maxar President and Chief Executive Officer, Dan Jablonsky, and Executive Vice President and Chief Financial Officer, Biggs Porter, will host an earnings conference call Thursday, November 3, 2022, reviewing the third quarter results, followed by a question and answer session. The call is scheduled to begin promptly at 3:00 p.m. MT (5:00 p.m. ET).
Investors and participants must register for the call in advance by visiting:
https://conferencingportals.com/event/poKRyurD
After registering, participants will receive dial-in information, a passcode, and registrant ID. At the time of the call, participants must dial in using the numbers in the confirmation email and enter their passcode and ID.
The Conference Call will be webcast live and then archived at:
http://investor.maxar.com/events-and-presentations/default.aspx
A replay of the conference call will also be available from Thursday, November 3, 2022 at 6:00 p.m. MT (8:00 p.m. ET) to Thursday, November 17, 2022 at 9:59 p.m. MT (11:59 p.m. ET) at the following numbers:
Toll free North America: 1-800-770-2030
International Dial-In: 1-647-362-9199
Passcode: 81317#
About Maxar
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We help government and commercial customers monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with speed, scale and cost-effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar's stock trades on the New York Stock Exchange and Toronto Stock Exchange under the symbol "MAXR". For more information, visit www.maxar.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20221103006220/en/
Jonny Bell | Investor Relations | 1-303-684-5543 | jonny.bell@maxar.com
Fernando Vivanco | Media Relations | 1-720-877-5220 | fernando.vivanco@maxar.com
News Provided by Business Wire via QuoteMedia

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Everything You Need to Know about Business Communication … – TechGenix

Sunday, 18 December 2022 by admin

Communication is the bedrock of human relationships and cooperation. And this is no different in the workplace. As we delve deeper into the 21st century, with technological advances, global teams, and remote work, it’s never been more important to ensure you have solid communication management in place. A breakdown in communication can affect employee morale, client satisfaction, and your bottom line. 
In this article, I’ll go over the communication management process, and we’ll see how you can implement it into your business!  
Communication management refers to the flow of information within a company and how that company manages it. To do that, you need to focus on the company’s target audience and plan out specific channels of communication. 
In a company environment, the main modes of this communication are generally email and instant messaging.
But, before implementing a communications management process, it’s essential to first understand the lines of communication within your business. For example, who is communicating with whom, when, and why? From here, you can determine whether the right people are sending, receiving and understanding the right information, at the right time. With these answers in mind, you’ll be able to start putting a strategy together. 
We’ll cover this process a bit later, but for now let’s dive into why communication management is important.
Communication management can help you avoid the pitfalls that come from poorly managed communication channels. More specifically, here are 3 recognizable problems that can manifest in your communication methods: 
With poor communication, employees at your company will likely experience increased misunderstandings. For instance, have you ever sent an email outlining a task you’d like an employee to do, only to realize it wasn’t carried out, or was carried out incorrectly when it’s already too late? 
Email was designed for instantaneous communication over the internet. But it doesn’t really work when it comes to assigning and distributing tasks. It’s hard to filter and sort task-based emails from the myriad of other emails your employees are receiving.
Instead, your communications management plan should include a direct way to assign tasks to employees, such as using project management software. Then, your employees will always have a central line of communication for work-related tasks. 
As a result, employees will have a clear understanding of what they need to do and by when. You’ll enhance accountability and empower your employees with clear instructions and workflows. 
When communication and information within your business is disorganized, customer service will suffer. If your employees can’t find documents, information, or resources to sort out a customer issue, the process will take longer than it needs to. This will likely upset your customer and lead to dissatisfaction.
With a clear communication plan in place, employees will be able to easily and efficiently access the information they need to solve a customer issue. With clear outlines of when to use which communication method, your employees should also know to rather call or set up a meeting with a customer when issues arise.  
And this way, you’ll solve problems faster and prevent unnecessary frustration. Clients will be satisfied, knowing you gave their issue the attention and efficiency it deserves. 
When internal communication is poor, workplace productivity will suffer. Employees won’t have easy and efficient access to people, knowledge, or the resources they need to do their jobs. 
You need to make sure your employees can access important information easily — and this includes being able to contact the people they need. And that’s an important part of a proper communication plan. For instance, don’t attach an important document an employee needs to do their job in a random email. It’ll likely get lost in their inbox. Instead, you should invest in tools that help you organize this information. 
As a result, your employees will be armed with all the tools they need to be productive and get their work done. They also won’t be wasting time looking for things in their disorganized inboxes.
You’ve now discovered some of the top issues with poor communication — and how communication management can help you overcome them. So now, let’s take a deep dive into emails versus IMs and see whether one tool stands above the other.  
Email and instant messaging are two of the primary modes of communication within most businesses. But you shouldn’t view them as either or. Instead, you should use them both as part of a successful communication management strategy. 
Essentially, instant messages can be a fantastic tool to complement email communication. But they can never replace email. Even with communication platforms like Slack or Discord, it’s still important to have email as the primary base.
IM should facilitate your secondary communication. To help your employees, your communication management strategy should clearly outline when you should use email or IMs. This way, you’ll use both tools effectively and streamline communication in your business. 
To help you use these tools effectively, I’ll cover some best practices next.
Effective communication systems allow your employees to gain access to useful and high-quality information. Because of this, the communications manager, the project manager, and the policy managers should always work in sync.
The easiest way to implement these systems is to rely on what your employees are already familiar with. Focusing on good email practices and common IM apps will reduce the time people need to adapt. You can look elsewhere if you’ve exhausted all familiar tools and communication issues still occur. Discover the problem and match it with the tools or practices that solve it.
But despite following these best practices — and using emails and IMs in tandem — you may still have problems in your communication. 
So you’ll need a communication management strategy in place to solve these problems. Your strategy will focus on communication as a whole to plug the gaps left by email and IMs. 
Implementing a good communication management strategy isn’t rocket science. But that’s often the reason people neglect it. Most company managers presume communication will come naturally for any collective, which isn’t the case.
You should focus on the following strategies for an excellent internal communication system.
When it comes to communication management it’s always best to have one person in charge of the process. This way, they’ll have complete oversight of your communication system and be able to identify any gaps and issues. Without one person in charge, issues will likely fall through the cracks and damage productivity and efficiency in your business. 
You should create a communication framework as soon as possible. This framework includes information about how your company should communicate with its employees, clients, suppliers and other important entities. On average, more than five people can’t communicate effectively without it. It should be simple and serve the primary purpose, which is clear and concise communication. You don’t need bells or whistles here, just the bare-bones framework.
Nothing frustrates an employee more than unnecessary meetings eating away at their time to complete work. So it’s important you manage your meetings effectively. This means you should know when to communicate something via email or IM, and when it should rather be a meeting. You should also ensure meetings are scheduled well in advance and that participants know if they need to prepare anything.
Constant monitoring is hard to keep up with. But it’s an important part of communication management. You need to monitor how well your communication plan is working. This will help you to determine what works, what doesn’t, and how this relates to certain teams or employees. Armed with this information, you’ll be able to optimize and streamline your communication plan.
While it might seem like an extra step you don’t have time for, you should archive all emails. In essence, old emails are essential for compliance and legal matters. Someone might request five-year-old emails to show track records, task explanations, and other things you’ve long since forgotten. Luckily, you can use email archiving tools to ensure you save an index of all emails and similar information. As a bonus, you’ll save on hardware space and be able to find any piece of information at a moment’s notice.
Thankfully, a variety of tools can help you with communication management. Next, I’ll go through 4 that have shown promise in recent years to narrow down your search.
Communication management tools (CMT) cover several communication-related key performance indicators. Additionally, they allow for better monitoring, active archiving, and network connection management. Let’s have a look at the 4 best tools on the market. Note I’ve mentioned them in no particular order. 
Adobe Workfront primarily focuses on managing workflow and streamlining projects. It’s a good way for communication managers to always be on top of things, especially in creative projects. Adobe Workfront is clean and easy to use, even for novices. Like the rest of their collection, Workfront can run on virtually any platform.
The downside of the platform is that its apps for iOS and Android are a far cry from their desktop option. This might reduce the product’s accessibility for industries such as sales, shipping, and communication, which need a CMT the most.
Wrike is a system that visually represents teams and the people inside them. It offers an excellent view of all relevant projects, files, and tasks. A top benefit of this tool is that it has an automated monitoring capability.
The downside is that communication isn’t the product’s main focus. If you’re using it for marketing and team management, that will be okay — otherwise, you should consider better options with more concise features.
GFI KerioConnect offers a full suite of internal email messaging and external email campaigns. It’s also natively available for virtually all devices, including mobile and Linux, with top email security and compliance standards.
While it has an exemplary user interface, it’s not as colorful as other options. But, if networking and communication are the core of your business, it’s a great tool to invest in.
But this tool’s instant message feature is very basic — it offers fewer choices than other providers, including free ones like Viber and WhatsApp.
With over 20 million users, Slack is probably the most popular on this list. But it’s also a communication platform first and a communication management tool second. Its advantage is that it’s extremely accessible, and quite popular. It also has tons of integrations so it can fit into any of your existing tools.
But Slack doesn’t have emails. In most cases, you’ll have to monitor and archive emails manually through Gmail or another service, which defies the point of having a tool.
To make your choice easier, check out how the best options stack against each other:
These products are pretty different. Hopefully, you could match my description with your company’s needs. Now I’ll wrap it up and take out some key points.
Communication management ensures that everyone in your business communicates as effectively as possible. Effective communication leads to greater business success and increased productivity. Your employees, clients, and your bottom line will benefit from a robust strategy.  
Email and instant messages are two top communication forms that businesses use. But you should know when to use email and when to use instant messages in your business. Regardless, you still need to implement a proper CM strategy to fill in the gaps where these methods fall short.
Learn more about communications management and similar topics with our FAQ and Resources section below!
While customer communication management (CCM) focuses on relations with the customer and retaining their trust, communication management focuses mainly on intra-company communication and improving the workflow. Your job is to ensure infrastructure works as intended and everyone understands their tasks.
Team management involves organizing tasks, determining the best person for each job, and ensuring tasks are completed on time. The communication manager ensures that the flow of information is going well, and while they might use the same team collaboration tools, the approach is different.
Communication tools, as far as software goes, are safe. But, same as email security, you must have some policies in place to ensure employees practice technical safety and personal information security.
As a communications manager, you can work independently or as part of a team. You will also work with IT Service Management (ITSM) and other sectors to ensure the adequate functioning of the communication infrastructure.
Although it is okay to write an email whenever you have the time, you should always expect an answer tomorrow. Using other productivity tools to find someone available for urgent problems is much preferable.
Explore the best practices and models for organizational change that can help your business.
Discover the top five characteristics of effective business communication.
Learn why voice-based communication is getting back to businesses.
Find out what communication compliance is for Office 365 and how you can get it.
Here are the intricacies of M2M communication and why you should consider it.
Read about the main reasons email communication is still in the lead.
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MyCase Announces Release of Accounting and Robust Document … – Business Wire

Sunday, 18 December 2022 by admin

SAN DIEGO–(BUSINESS WIRE)–MyCase, a leading provider of cloud-based legal practice management software and payment services to law firms, now has a built-in, fully integrated accounting solution in its legal platform and has added a robust document automation integration.

“It is critical for lawyers to streamline their practices by maintaining visibility and control over financial transactions while also automating their firm’s workflows,” said Dru Armstrong, CEO of MyCase. “By leveraging the technologies of two companies acquired last year, Soluno and Woodpecker, we’ve made both accounting and robust document automation available in the MyCase platform. Our acquisitions have enabled us to continue to expand the features and functionality of the MyCase platform so that we can provide law firms with the convenience and flexibility needed to get more done without ever leaving MyCase.”
MyCase Accounting
MyCase Accounting is custom-built for lawyers and offers full-featured, ethically compliant accounting capabilities. The addition of robust accounting to the MyCase platform centralizes law firm financial data, eliminates redundant data entry across multiple systems, and ensures regulatory compliance with easy, three-way trust reconciliation.
External integrations with other accounting software solutions are no longer needed. With all financial data stored in one location, MyCase customers can avoid duplicative data entry and the need to reconcile accounts across different platforms. With MyCase Accounting, client ledgers for three-way trust reconciliation can be automatically generated, and checks can be issued directly within MyCase, ensuring visibility and control over all law firm financial transactions.
“MyCase Accounting is much simpler than the previous software I used,” says Jonathan Watson, an attorney with Watson Law. “Even with little to no knowledge of accounting, I was able to reconcile accounts and run insightful reports in 30 minutes.”
Woodpecker Document Automation Integration
The recently-released Woodpecker integration saves time and money for lawyers by automating a firm’s standardized legal document-creation process. This new integration between MyCase and Woodpecker allows law firms to use case and client information from MyCase to create documents from Woodpecker templates, directly in the MyCase platform. Using conditional logic, the text and language of a document or contract can be easily revised, and multiple documents for one or more clients can be created quickly and efficiently with a few clicks.
“Woodpecker automation improved our efficiency in preparing documents for our firm before the integration with MyCase,” says Sarah Harrison, Practice Manager and Senior Paralegal at Corley Legal, PLLC. “Since the integration, using Woodpecker templates through MyCase has taken that efficiency to another level. It further speeds up the process of preparing documents and cuts down errors in the drafting of motions and documents.”
The announcement of MyCase Accounting and a robust document automation integration follow the news of the acquisition of MyCase by AffiniPay (parent company of LawPay), the product release of MyCase Drive, and MyCase’s acquisition of Docketwise. The latest additions are examples of the many value-added innovations to the MyCase platform that have established the company as the one-stop legal technology ecosystem for law firms. With robust legal accounting and document automation functionality now available in the MyCase platform, along with many new integrations, including LawPay, Intaker, Kenect, and Ruby, MyCase provides the tools lawyers need to get work done.
About MyCase
MyCase is complete legal practice management software designed for the modern law firm. MyCase covers the entire client lifecycle with Lead Management, Case Management, Billing and Invoicing, and robust Reporting. It includes market-leading features such as integrated Payments, 2-way text messaging, and the MyCase Client Portal to centralize client communication and share files securely. In 2022, MyCase was acquired by AffiniPay, parent company of LawPay, the market-leading payments platform. The AffiniPay family of brands includes MyCase, Soluno, CASEpeer, Docketwise, LawPay, and Woodpecker. Learn more at www.mycase.com.
About Woodpecker
Woodpecker was founded in 2017 to make robust document automation more intuitive and more accessible to solo practitioners and small law firms. As a Word Add-In, Woodpecker meets lawyers where they already work, requires no coding knowledge, and is compatible with Mac, PC, and Word Online. Woodpecker was acquired by MyCase in 2021. Learn more at www.woodpeckerweb.com.
Nicole Black
Legal Technology Evangelist
niki.black@mycase.com
(585) 210-0815
MyCase Announces Release of Accounting and Robust Document Automation Integration, Further Enhancing Legal Tech Platform
Nicole Black
Legal Technology Evangelist
niki.black@mycase.com
(585) 210-0815

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10 best Tech tools for Writers in 2022 – WITHIN NIGERIA — PIECE

Sunday, 18 December 2022 by admin

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10 best Tech tools for Writers in 2022

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10 Best Tools for writers in 2022

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Writing is Art and Art demands creativity; on the other hand, Gadgets have made writing easier, and more comfortable. The modern writer has an abundance of technical tools to help overcome the obstacles and challenges of crafting the perfect paper. These technologically advanced tools which are either softwares or hardwares have helped improve how writers work, either through research, collaboration or delivery.

From creative writing , copywriting, technical writing to bog writing, these are 10 of the best gadgets and tools every writer must use to develop or/and improve their writing skills and careers.


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Table of Contents

  • A Good Laptop or Tablet
  • Smartphones
  • A Good Internet Service Provider
  • Google Docs
  • Evernote
  • Grammarly
  • Project Management Tools – Trello & Asana
  • Headphones for Writers
  • Digital pen
  • Handheld voice recorder

A Good Laptop or Tablet

Who doesn’t use a PC these days? This is prolly the most obvious gadget for everyone. A laptop is a must-have gadget for any writer. It is hard to imagine a profession that doesn’t use PCs for work, not even when Mails, messengers, research, etc seem an integral part of the day.

Since most contents that writers write are pushed online, the easiest tools to curate such is the PC. Tablets can also do similar jobs since they have wide screens, which QWERTY keyboards can be attached to.


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The recent technology of voice input has made life easy for writers such that with voice commands, contents automatically gets written on the screens of PCs or Tablets. This ensures that typing becomes not the only option of creating a text – although it is still not perfect, so it requires corrections. Anyway, the PC is still a working instrument that every writer should have.

It is also important to get a good PC – one with a fast processor which won’t make work get delayed.

Smartphones

Smartphones need no introduction, they are all around us and have become integral parts of our lives. You’ll hardly see anyone in modern times who doesn’t have access to a smartphone, let alone a writer. The good thing is that everything is on the smartphone. Smart home, banking, games, books, music.

Some writers use smartphones to curate their contents especially when in transit, or when PC isn’t available. The con is just the small screen sizes which are not suitable for long working. It is perfect in emergency cases when thought appears, and you need to fixate it immediately. It is a perfect gadget thanks to the options that it provides.

A Good Internet Service Provider

Content writing allows you to be active in your field and present your business ideas in various forms and on multiple platforms. The world is online, as the internet has made the world a global village. Posting regular content online lets people know what your business is about. It informs them about what you do and how you can help them. More so, the internet allows you to source lots of information and do research about your write ups. It is very imperative for a writer to always be online. Many software that aid writing are cloud-based, therefore would need a good internet connection to be accessed.


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Having a good internet provider will help you achieve this and much more. Either using the phone’s hotspot or getting a modem or router, make sure your ISP gives you connectivity that makes your work go smoothly.

Google Docs
Google Docs

Google Docs

Google Docs is quickly becoming the “go-to” platform for a lot of writers. It is a free product that gives writers the ability to save documents in a cloud, such that these documents can easily be retrieved in any computer or phone as long as you have your Google account.

Apart from being free, housed on Google’s cloud sharing makes Docs a good collaboration tool. Docs are able to be shared between many people either as a read-only copy, or allow commenting and editing. Google Docs allows for documents to be merged with spreadsheets, graphs, and images conveniently. Continuous saving occurs, and documents prepared in Google Docs can be exported to many different formats including HTML pages for easy transitioning to publishing online.

Stress of usage of a software is the last thing a writer who has to be creative, would want. These advantages put Google Docs above other document softwares.

Evernote

Evernote
Evernote

Evernote is a very flexible software – It’s a software that lives on your desktop; it’s an app that lives on all your gadgets; and it’s a website where you can log in remotely and see your stuff.

Another advantage is its syncing abilities. Add anything to Evernote, a photo, a document, an email, a website, it’ll sync across all your gadgets. You can automate this by having folders on your computer that Evernote monitors, and by making notes, taking pictures, or recording audio within the app. It uses the OCR technology, which helps detect text and handwriting in images. Evernote can scan documents, business cards, whiteboards, and receipts, etc. It also has a sophisticated organisation system that allows you to categorise notes into different notebooks. What else does a writer want ?

Grammarly

Grammarly
Grammarly

Grammarly is a cloud-based typing assistant that reviews spelling, grammar, punctuation, clarity, engagement, and delivery mistakes. grammar and spelling accuracy. It uses artificial intelligence to check submitted writing against 250 types of grammar mistakes over six different genres of writing.

Grammarly offers the distinct benefit of being a tutoring tool for writers to learn from their mistakes as they observe the suggested changes in the program. This is true not only for grammar but for spelling and vocabulary. Grammarly highlights spelling errors more consistently than Word’s spell check and points out many misused similar words such as affect/effect, lay/lie, etc. Grammarly can not only improve a writer’s expression of concepts but enable them to think with the multidimensionality which supports the novel synthesis of ideas. With Grammarly, you can be sure of fixing your typo-errors.

Project Management Tools – Trello & Asana

Project Management Tools
Project Management Tools

As a writer, you have lists of work to be done and deadlines to meet. In accomplishing this, a project management tool is needed. Although there are several, we recommend Asana or Trello.

Asana is ago-to project management tool that can help you organise and track your freelance assignments. The Asana project management platform will help you know what to work on and when it needs to be completed. It can be used on a laptop, desktop, tablet, or mobile device.

With Trello, there’s also a lot of flexibility when it comes to setting up a workflow. You can set up one singular “Freelance” board, and track assignments and projects there, or you could easily create boards for each client. You can use Trello to track pitch ideas and target publications.

Headphones for Writers

Headphones
Headphones for Writers

Maintaining focus while writing or developing an idea can be so challenging due to distractions. One way a writer can overcome this is by the use of headphones, especially the ones which help cancel noises. A good pair of noise cancelling headphones helps writers focus during their writing process. Brands like Sony, Bose, Skullcandy, JBL, and of course Apple Beats are all in the competition for the writers’ demographic.

Digital pen

Digital Pen
Digital Pen

Plenty of writers are going all-out digital. That makes digital pens one of the most useful (and fun) gifts for writers. A digital pen is an electronic device that saves handwritten text in a digital form and that can store handwritten notes on a computer or share them with other electronic devices. Many digital pens do more than just write or draw; they often have built-in capabilities to record audio as well.

A digital pen allows the writer to “write” on the device. The handwriting or drawing can then be loaded to a computer and displayed on the screen. Some modified digital pens have additional features. They can erase handwriting or record audio. While some digital pens require a special tablet or device, technology has made it possible for newer digital pens to be used on most electronic surfaces. Digital Pens are ideal for those who prefer writing by hand over entering information into a laptop computer or PDA.

Handheld voice recorder

Handheld Voice Recorder
Handheld Voice Recorder

Smart work is what is obtainable these days and for a writer, working smartly means you are able to get your ideas saved. This is where handheld voice recorders come in. You can use the voice function on your cell phone or even a free online app to record verbal notes and ideas. There are also digital voice recorders which help you achieve this. Writers A good handheld voice recorder must have these features: clear audio, voice activation recording, easy file transfer to computer, and plenty of recording time.

With technological advancement using AI to transcribe on the screen what is being recorded, as a writer, this tool is a must for you to work very fast and efficiently.

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Writing is Art and Art demands creativity; on the other hand, Gadgets have made writing easier, and more comfortable. The modern writer has an abundance of technical tools to help overcome the obstacles and challenges of crafting the perfect paper. These technologically advanced tools which are either softwares or hardwares have helped improve how writers work, either through research, collaboration or delivery.
From creative writing , copywriting, technical writing to bog writing, these are 10 of the best gadgets and tools every writer must use to develop or/and improve their writing skills and careers.
Table of Contents
Who doesn’t use a PC these days? This is prolly the most obvious gadget for everyone. A laptop is a must-have gadget for any writer. It is hard to imagine a profession that doesn’t use PCs for work, not even when Mails, messengers, research, etc seem an integral part of the day.
Since most contents that writers write are pushed online, the easiest tools to curate such is the PC. Tablets can also do similar jobs since they have wide screens, which QWERTY keyboards can be attached to.
The recent technology of voice input has made life easy for writers such that with voice commands, contents automatically gets written on the screens of PCs or Tablets. This ensures that typing becomes not the only option of creating a text – although it is still not perfect, so it requires corrections. Anyway, the PC is still a working instrument that every writer should have.
It is also important to get a good PC – one with a fast processor which won’t make work get delayed.
Smartphones need no introduction, they are all around us and have become integral parts of our lives. You’ll hardly see anyone in modern times who doesn’t have access to a smartphone, let alone a writer. The good thing is that everything is on the smartphone. Smart home, banking, games, books, music.
Some writers use smartphones to curate their contents especially when in transit, or when PC isn’t available. The con is just the small screen sizes which are not suitable for long working. It is perfect in emergency cases when thought appears, and you need to fixate it immediately. It is a perfect gadget thanks to the options that it provides.
Content writing allows you to be active in your field and present your business ideas in various forms and on multiple platforms. The world is online, as the internet has made the world a global village. Posting regular content online lets people know what your business is about. It informs them about what you do and how you can help them. More so, the internet allows you to source lots of information and do research about your write ups. It is very imperative for a writer to always be online. Many software that aid writing are cloud-based, therefore would need a good internet connection to be accessed.
Having a good internet provider will help you achieve this and much more. Either using the phone’s hotspot or getting a modem or router, make sure your ISP gives you connectivity that makes your work go smoothly.
Google Docs is quickly becoming the “go-to” platform for a lot of writers. It is a free product that gives writers the ability to save documents in a cloud, such that these documents can easily be retrieved in any computer or phone as long as you have your Google account.
Apart from being free, housed on Google’s cloud sharing makes Docs a good collaboration tool. Docs are able to be shared between many people either as a read-only copy, or allow commenting and editing. Google Docs allows for documents to be merged with spreadsheets, graphs, and images conveniently. Continuous saving occurs, and documents prepared in Google Docs can be exported to many different formats including HTML pages for easy transitioning to publishing online.
Stress of usage of a software is the last thing a writer who has to be creative, would want. These advantages put Google Docs above other document softwares.
Evernote is a very flexible software – It’s a software that lives on your desktop; it’s an app that lives on all your gadgets; and it’s a website where you can log in remotely and see your stuff.
Another advantage is its syncing abilities. Add anything to Evernote, a photo, a document, an email, a website, it’ll sync across all your gadgets. You can automate this by having folders on your computer that Evernote monitors, and by making notes, taking pictures, or recording audio within the app. It uses the OCR technology, which helps detect text and handwriting in images. Evernote can scan documents, business cards, whiteboards, and receipts, etc. It also has a sophisticated organisation system that allows you to categorise notes into different notebooks. What else does a writer want ?
Grammarly is a cloud-based typing assistant that reviews spelling, grammar, punctuation, clarity, engagement, and delivery mistakes. grammar and spelling accuracy. It uses artificial intelligence to check submitted writing against 250 types of grammar mistakes over six different genres of writing.
Grammarly offers the distinct benefit of being a tutoring tool for writers to learn from their mistakes as they observe the suggested changes in the program. This is true not only for grammar but for spelling and vocabulary. Grammarly highlights spelling errors more consistently than Word’s spell check and points out many misused similar words such as affect/effect, lay/lie, etc. Grammarly can not only improve a writer’s expression of concepts but enable them to think with the multidimensionality which supports the novel synthesis of ideas. With Grammarly, you can be sure of fixing your typo-errors.
As a writer, you have lists of work to be done and deadlines to meet. In accomplishing this, a project management tool is needed. Although there are several, we recommend Asana or Trello.
Asana is ago-to project management tool that can help you organise and track your freelance assignments. The Asana project management platform will help you know what to work on and when it needs to be completed. It can be used on a laptop, desktop, tablet, or mobile device.
With Trello, there’s also a lot of flexibility when it comes to setting up a workflow. You can set up one singular “Freelance” board, and track assignments and projects there, or you could easily create boards for each client. You can use Trello to track pitch ideas and target publications.
Maintaining focus while writing or developing an idea can be so challenging due to distractions. One way a writer can overcome this is by the use of headphones, especially the ones which help cancel noises. A good pair of noise cancelling headphones helps writers focus during their writing process. Brands like Sony, Bose, Skullcandy, JBL, and of course Apple Beats are all in the competition for the writers’ demographic.
Plenty of writers are going all-out digital. That makes digital pens one of the most useful (and fun) gifts for writers. A digital pen is an electronic device that saves handwritten text in a digital form and that can store handwritten notes on a computer or share them with other electronic devices. Many digital pens do more than just write or draw; they often have built-in capabilities to record audio as well.
A digital pen allows the writer to “write” on the device. The handwriting or drawing can then be loaded to a computer and displayed on the screen. Some modified digital pens have additional features. They can erase handwriting or record audio. While some digital pens require a special tablet or device, technology has made it possible for newer digital pens to be used on most electronic surfaces. Digital Pens are ideal for those who prefer writing by hand over entering information into a laptop computer or PDA.
Smart work is what is obtainable these days and for a writer, working smartly means you are able to get your ideas saved. This is where handheld voice recorders come in. You can use the voice function on your cell phone or even a free online app to record verbal notes and ideas. There are also digital voice recorders which help you achieve this. Writers A good handheld voice recorder must have these features: clear audio, voice activation recording, easy file transfer to computer, and plenty of recording time.
With technological advancement using AI to transcribe on the screen what is being recorded, as a writer, this tool is a must for you to work very fast and efficiently.
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Despite Layoffs, Salesforce.com Is Still Attractive – The Motley Fool

Sunday, 18 December 2022 by admin

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Customer relationship management (CRM) is an important tool for businesses of all sizes. CRM systems effectively serve as a “home base” for key metrics pertinent to a sales cycle. For example, users can input specific dates when they have meetings with potential clients, which can help leadership understand how deals are progressing through the pipeline.
While there are a number of CRM and project management software tools, perhaps the most well-known is Silicon Valley darling Salesforce.com (CRM -1.66%).  Founded over two decades ago by tech wunderkind Marc Benioff, Salesforce quickly rose in popularity due to its innovative, user-friendly features. In a way, Salesforce.com was the original CRM. 
However, throughout its history, Benioff had the foresight to understand what direction technology was moving. As a result, Salesforce.com developed quite the appetite for mergers and acquisitions. While the company has spent tens of billions of dollars acquiring competitors such as MuleSoft, Tableau, and Slack (just to name a few), it now faces new challenges.
Competitors like Microsoft and Oracle are beginning to catch up. Furthermore, Salesforce.com’s latest earnings report certainly contained some eyebrow-raising concerns. Let’s look at Salesforce.com’s year-to-date financial results, how Wall Street views the stock, and its valuation.
Benioff has always had a knack for the spotlight. He’s not afraid to make headlines by spending billions of dollars to gobble up competitors that, on the surface, seem tangential to Salesforce.com’s platform at best. However, as a visionary, Benioff has a proven ability to understand important trends in the technology landscape and figure out ways to partner with the best in the business. As a result, Salesforce.com has been able to broaden its scope of services, thereby allowing it to cross-sell new products to a wider base of potential customers.
However, exactly two years ago, Salesforce.com spent a whopping $27 billion to acquire chat and document management tool Slack Technologies. While this appeared to be yet another savvy move by Salesforce leadership, the last two years have not been without heavy turbulence. Salesforce.com has faced corporate budget cuts due to the pandemic and lingering inflation, integration problems for Slack, and leadership shake-ups. All these variables contributed their own unique challenges to Salesforce’s business.   
During the fiscal 2023 third-quarter earnings call, investors learned quite a bit about the current state of Salesforce’s business. For the three months ended Oct. 31, Salesforce reported operating cash flow of $313 million, down 23% year over year, and free cash flow of $115 million, down 52%. The company’s CFO, Amy Weaver, explained that lower billings was the primary culprit straining the business. 
Weaver went into more detail as to why billings are lower. She stated:
You recall that last quarter we noted measured customer buying behavior really beginning in July. This led to elongated sales cycles, additional deal approval layers, and deal compression, particularly in enterprise. As Q3 progressed, we saw an even more challenging buying environment, driving intense customer scrutiny on every investment dollar to ensure the highest return possible.
There’s a lot of important detail to unpack here. Effectively what leadership is explaining here is that due to the current macroeconomic environment, companies ( particularly large enterprises) are taking a closer look at budgets and scaling back investments.
As a result, deals will stay in Salesforce’s pipeline longer, leading to higher pressure to generate new sales and renew existing customers. As deals remain open, billings remain outstanding for longer compared to prior periods, resulting in less cash collected and lower operating capital. Unsurprisingly, Salesforce has joined its tech counterparts in companywide layoffs.      
Image source: Getty Images.
Over the last two weeks, Salesforce.com co-CEO Bret Taylor resigned, Slack CEO Stewart Butterfield also resigned, and the stock hit a 52-week low following its earnings report. While this may appear concerning, it’s not uncommon for leaders of acquired companies to depart after an agreed-upon exit date. Given that the Slack deal is coming up on its two-year anniversary, it’s not entirely surprising to see Butterfield leave.
Taylor’s departure, on the other hand, is a bit of a head-scratcher. As a serial entrepreneur, Taylor has a history of co-founding companies and successfully exiting via acquisitions. In fact, he sold his last company, Quip, to Salesforce in 2016 and quickly became a close ally of Benioff.
However, it should be noted that in addition to his responsibilities at Salesforce, Taylor was the former Chairman of the Board at social networking company Twitter. It’s been a volatile year for Twitter and its leadership, to say the least. At the end of the day, while Taylor’s departure is a blow for Salesforce, as investors we should also keep in mind that Benioff ran the company just fine for a decade and a half.   
At the moment, Wall Street seems divided on Salesforce stock. During a recent interview on CNBC’s Halftime Report, Jason Snipe of Odyssey Capital Advisors explained that his fund exited its position in Salesforce due to concerns over decelerating invoicing, longer sales cycles, and an overall bearish outlook on the software industry as a whole. It’s important to note that Snipe’s sell-off was before Butterfield’s exit, and he clearly stated that Taylor’s departure did not influence his decision. 
By comparison, Wedbush Securities analyst Dan Ives appeared on CNBC yesterday and explained his thesis on why he is bullish on the software landscape. According to Ives, his research suggests that big-tech valuations are trading below the last five-year average levels. He named Salesforce.com specifically as his favorite cloud stock and noted the company is ripe for an activist investor. While he calls this a “moment of truth” for Salesforce, Ives stated that the growth potential of the cloud market, combined with Salesforce’s existing install base and product suite, make its current drop in valuation look favorable. 
Salesforce’s leadership did not exactly give investors a bright outlook. However, the company is taking tough but necessary steps to reduce costs in the form of layoffs. Moreover, as inflation continues to cool down, corporations will eventually ratchet up investments in digital transformation again.
There are a multitude of ways Salesforce can generate growth, and for long-term investors, it’s difficult to argue against buying a blue-chip stock as it hovers around its lows. Now could be an ideal opportunity to dollar-cost average into an existing long-term position, or initiate a small position at favorable valuation levels.  
Adam Spatacco has positions in Microsoft. The Motley Fool has positions in and recommends Microsoft and Salesforce. The Motley Fool has a disclosure policy.
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Best Project Management Software for Lawyers in 2022: 5 Legal … – Cloudwards

Sunday, 18 December 2022 by admin

We know that legal matters involve in-depth attention to detail and technicality. Have a look at the best project management software for lawyers to get started.
There are many skills a lawyer needs to be successful. With so many things to manage, strong organization is a must. Even the smallest details are important in the legal world, which is why having the best project management software for lawyers can make all the difference.
When dealing with numerous clients every day, it can be difficult to keep all of the case information straight. To help you out, we’ve lined up some of the best legal project management software options for you to check out. For a broader list of options, check out our choices for the best project management software in general.
Legal project management software lets you organize your cases and tasks, track time, and provide updates on events.
Although there is a lot of software available for the legal industry to take advantage of, monday.com is our top recommendation. With monday.com, you can manage your time efficiently and stay ahead of your deadlines.
In the legal field, it helps to have all the information for different clients and cases at arms reach — which is where a top project management tool for law comes in. Here are our top five recommendations.
There are a number of factors to consider when looking for the best project management tool for legal purposes. Law firms often work with a team of lawyers, and one of the most important ingredients for team success is coordination to ensure a smooth workflow.
While you coordinate with your team, you need to balance the workload. An uneven assignment of tasks can result in imbalance and productivity problems. Assigning actionable tasks without overburdening your team members ensures that sufficient project progress is made and helps you stay on track. This is key to overall case management. 
Some legal cases can be wrapped up quickly, whereas others take time. You need to be able to track both your time and the status of every case, while getting constant reminders and updates regarding the next steps. A good legal management tool does not only help in managing your database, but also helps you in improving your efficiency.
Time management is vital in legal work. When looking for the right legal project management software for your needs, you want a tool with a fantastic user interface that helps you maximize efficiency. Here are five of the best project management tools for lawyers. 
More details about monday.com:
Pros:
Cons:
With monday.com’s easy-to-use UI, project management becomes straightforward and stress-free. It’s packed with features to help you stay updated and keep a close eye on all your cases. A drag-and-drop feature helps you easily arrange your case files and relevant documents.
monday.com helps promote seamless collaboration through clear visibility and improved communication. You can help your team and clients stay in the loop throughout the whole case process. Use monday.com’s tools to seamlessly create tasks, organize, add files, attach messages, manage staff members and report status updates.
Security-wise, the company is SOC-2 Type II certified, and it uses TLS when transferring your data to AWS, a company with great security but with a history of leaky buckets.
monday.com provides a set of premade templates, which you can customize based on your needs and requirements. It saves a lot of your time, and you can easily access all relevant case files with a simple click. With a variety of available views like Kanban boards and timelines, monday.com can help you see the case from another angle.
Small legal teams can choose monday.com’s free plan. However, there are some limitations; you cannot have more than two individuals on an account, and there’s a max limit of 1,000 tasks and 500MB of file storage. 
For legal teams, we think the Pro plan is best, as it offers time tracking, private boards and documents, and 25,000 automations and integrations per month. It also comes with 100GB per user, unlimited guests and a one-year activity log. You can always try the 14-day free trial. Check out our monday.com review to learn more.
More details about ClickUp:
Pros:
Cons:
ClickUp lets you access almost all of its majority features for free. There are over 15 different view options for your data (like Gantt charts, calendars, timelines, etc.) and many customizable features. While you have access to various features, the extent to which you can use them is limited.
You can either choose and customize an existing template from the template center, or create, save and customize your own templates to be more adaptable to your style of work. Using its advanced whiteboard and mind map features, you can document important notes on the case and quickly track the information that needs more legal research and focus.
ClickUp has no known history of breaches and, like monday.com, it also stores your data with AWS, so you can trust that the storage is secure.
ClickUp’s whiteboard feature provides an easy and quick overview of all your cases and their stages. You can link tasks, establish dependencies between multiple tasks and navigate to other tasks with ease. Create additional columns and subtasks to assign them to your team and get a bird’s eye view on the progress of every case.
ClickUp’s free version comes with full-fledged accessibility to some major features. However, it’s worth noting some limitations. There’s a 100MB file-size limit, a limit of 100 automations as well as restrictions to the dashboard and Gantt chart views.
 Moreover, if you wish to collaborate and integrate data (such as a timesheet) with external apps (such as Google Drive or OneDrive), or have access to client collaboration, you should consider upgrading. 
For legal teams, the Business plan would be best, as it includes advanced time tracking, workload management, timelines and unlimited storage. For more details, take a look at our ClickUp review.
More details about Wrike:
Pros:
Cons:
Wrike provides an excellent user-friendly interface that can be easily understood and adapted by anyone. Its advanced project management features help you create a clear outline of all your cases. 
You can save time with the project templates and improve efficiency by using its tools for different tasks. You can also navigate through any files, documents and attachments by creating a specific folder for them.
By tracking edits, you can stay up to date on case activity, and compare updates and changes. Wrike also lets you generate detailed reports from various views, such as the Kanban board and Gantt chart, and the software automatically offers suggestions to improve your efficiency.
Wrike is one of the few services to host its own data, and encrypts it using AES-256 both at rest and in transit. This means Wrike offers excellent security. 
With Wrike’s cross-tagging feature, you can categorize and manage the workload of your team as well as their relevant case files. By adding agenda items to a shared list, you can receive and discuss team updates. Cross-tagging helps you save time and improve visibility without compromising on the details and clarity of your cases.
Wrike gives you access to some generous features, such as creating and managing tasks and subtasks. However, there is a limit of 2GB of storage, and a cap of 200 tasks that can be actively used. The paid plans can be a little expensive, but you should consider upgrading if you want to unlock features like multiple views and extra cloud storage. 
The Business plan would be the best option for lawyers, as it includes advanced reports, guest approvals and time tracking. However, note that this plan includes only 5GB per user, which is minimal compared to ClickUp’s unlimited space on paid plans or monday.com’s 100GB per user on the Pro plan. Learn more about the tool in our Wrike review.
More details about Asana:
Pros:
Cons:
Compared to the other entries on this list, Asana’s tools are more focused on deliverables and task management. Legal matters require proper communication, discussion and analysis throughout all stages, and Asana helps provide a complete overview of each activity. 
You can assign dependencies to the created tasks and delegate them to your team based on the available resources. This makes it a perfect tool for improving efficiency and balancing your team’s workload.
Asana’s workflow management and shared calendar ensures that you do not miss anything. You get to analyze your cases in detail with the help of hierarchical charts. You can review the case as a whole and even a particular task to get complete statistical information.
Like monday.com and ClickUp, Asana uses AWS. It holds certificates for SOC 2 Type I and II, and that data is encrypted with TLS when in transit. 
Using Asana’s strategic goal-setting feature, you can ensure that time is not unnecessarily wasted on irrelevant tasks. Clearly defined goals can guide your legal team in the right direction and free you of costly distractions.
With the universal reporting feature, you can track the progress of your cases from the dashboard and prioritize tasks based on available time and resources. You can also use the expense tracking feature to assess your operational costs.
Asana’s free plan provides some good basic features, and lets you collaborate with up to 15 members. You also get unlimited storage in the free plan. However, the file size is capped at 100MB per file. 
If you want to unlock advanced features like customizing fields and building workflows with the admin console page, consider upgrading to the Premium or Business plan. For more insight, check out our Asana review.
More details about Basecamp:
Pros:
Cons:
Lawyers come across rapid new developments in their cases every day. With Basecamp, you can communicate information with your team and assign tasks based on their category. Features include a message board, to-do list, group chat, schedule, automatic check-ins and file sharing.
With Basecamp’s advanced communication tools, you and your team can work remotely when out of town. However, only the basic calendar view is available; other advanced views such as Gantt charts or Kanban boards are not available.
Basecamp uses AWS, but encrypts data in transit and at rest with a reliable cipher. In 2014, extortionists carried out a DDoS attack against Basecamp, and in 2019 attackers staged a mass login attack — both times the company increased its security and also came forward with the news and advised users what to do to protect themselves.
As a legal counsel, your busy schedule can lead to missed meetings and calls. Basecamp’s advanced communication tools can help catch you up. With real-time communication, stay in the loop and ensure that you don’t miss out on any crucial information when you are otherwise engaged.
Basecamp usually provides a free trial for 30 days, where you get storage of up to 1GB with 20 users. However, Basecamp has a special offer where you get 12 months of free access for the first three users. You can extend your document storage capacity up to 500GB and create unlimited case projects. Read more in our Basecamp review.
Running a legal firm or being a lawyer can mean taking on increasingly complex projects. Efficient workflows help you stay on top of your deliverables. Now that you know the most important features of a great legal project management software, finding the right one that suits your requirements will be easier. 
If you want to simplify your workflow, improve efficiency by organizing your tasks and case files, and fulfill your firm’s requirements with great ease, we highly recommend choosing monday.com or Asana. 
We recommend ClickUp or Wrike if your workflow involves multiple levels of tasks and dependencies. If communication is of utmost importance to you, you can try Basecamp. 
Which among the mentioned software on this list did you like the most? Are there any we missed? What elements of legal work do you use these tools for? Let us know in the comments, and thank you for reading. 

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Don't Race Out To Buy Xerox Holdings Corporation (NASDAQ:XRX) Just Because It's Going Ex-Dividend – Simply Wall St

Sunday, 18 December 2022 by admin

Stock Analysis
Xerox Holdings Corporation (NASDAQ:XRX) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. In other words, investors can purchase Xerox Holdings' shares before the 29th of September in order to be eligible for the dividend, which will be paid on the 31st of October.
The company's next dividend payment will be US$0.25 per share, on the back of last year when the company paid a total of US$1.00 to shareholders. Calculating the last year's worth of payments shows that Xerox Holdings has a trailing yield of 7.0% on the current share price of $14.33. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Xerox Holdings can afford its dividend, and if the dividend could grow.
See our latest analysis for Xerox Holdings
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Xerox Holdings paid a dividend last year despite being unprofitable. This might be a one-off event, but it's not a sustainable state of affairs in the long run. Considering the lack of profitability, we also need to check if the company generated enough cash flow to cover the dividend payment. If Xerox Holdings didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. It paid out 87% of its free cash flow as dividends, which is within usual limits but will limit the company's ability to lift the dividend if there's no growth.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
When earnings decline, dividend companies become much harder to analyse and own safely. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. Xerox Holdings was unprofitable last year and, unfortunately, the general trend suggests its earnings have been in decline over the last five years, making us wonder if the dividend is sustainable at all.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Xerox Holdings has delivered an average of 3.9% per year annual increase in its dividend, based on the past 10 years of dividend payments.
Get our latest analysis on Xerox Holdings's balance sheet health here.
From a dividend perspective, should investors buy or avoid Xerox Holdings? First, it's not great to see the company paying a dividend despite being loss-making over the last year. On the plus side, the dividend was covered by free cash flow." With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of Xerox Holdings.
With that in mind though, if the poor dividend characteristics of Xerox Holdings don't faze you, it's worth being mindful of the risks involved with this business. To that end, you should learn about the 2 warning signs we've spotted with Xerox Holdings (including 1 which is a bit concerning).
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
Find out whether Xerox Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally.
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From Hot Wheels to handling content: How brands are using … – Microsoft

Saturday, 17 December 2022 by admin

John RoachJohn RoachOct 12, 2022
When designers at the toy company Mattel were asked recently to come up with a new Hot Wheels model car, they sought inspiration from DALL∙E 2, an AI system developed by OpenAI that creates custom images and art based on what people describe in plainspoken language.
Using the tool, designers can type in a prompt such as, “A scale model of a classic car” and DALL∙E 2 will generate an image of a toy vintage car, perhaps silver in color and with whitewall tires.
As a next step, the designer could erase the top of the car and then type, “Make it a convertible” and DALL∙E 2 will update the image of the car as a convertible. The designer can keep tweaking the design, asking DALL∙E 2 to try it in pink or blue, with the soft-top on, and on and on.
DALL∙E 2 is coming to Microsoft’s Azure OpenAI Service, by invitation, allowing select Azure AI customers to generate custom images using text or images, the company announced today at Microsoft Ignite, a conference for developers and IT professionals.
The availability of DALL∙E 2 through Azure OpenAI Service provides customers such as Mattel cloud AI infrastructure that blends the cutting-edge innovation of text-to-image generation with the compliance, responsible AI guardrails and certifications that Azure offers, Microsoft says.
The Mattel designers were able to generate dozens of images, each iteration sparking and refining ideas that could help design a final fleshed-out rendering of a new Hot Wheels model car.
“It’s about going, ‘Oh, I didn’t think about that!’” said Carrie Buse, director of product design at Mattel Future Lab in El Segundo, California. She sees the AI technology as a tool to help designers generate more ideas. “Ultimately, quality is the most important thing,” she noted. “But sometimes quantity can help you find the quality.”
Microsoft is also integrating DALL∙E 2 into its consumer apps and services starting with the newly announced Microsoft Designer app, and it will soon be integrated into Image Creator in Microsoft Bing.
The rollout of DALL∙E 2 across Microsoft products and services reflects how the company’s investment in AI research is infusing AI into everything it builds, produces and delivers to help everyone boost productivity and innovation.
Over the last 18 months, we’ve seen this transition in technology from proving that you can do things with AI to mapping it to actual scenarios and processes where it’s useful to the end user.
The trend is the result of nonlinear breakthroughs in AI capabilities achieved by bringing more compute to more data to train richer and more powerful models, according to Eric Boyd, Microsoft corporate vice president for AI Platform.
“The power of the models has crossed this threshold of quality and now they’re useful in more applications,” he said. “The other trend that we’re seeing is all the product developers are thinking through and understanding the ways that they can use AI in their products for both ease of use as well as saying, ‘Oh, I can make my product work better if I use AI.’”
DALL∙E 2 was trained on a supercomputer hosted in Azure that Microsoft built exclusively for OpenAI. The same Azure supercomputer was also used to train OpenAI’s GPT-3 natural language models and Codex, the model that powers GitHub Copilot and certain features in Microsoft Power Apps that run on Azure OpenAI Service. Azure also makes it possible for these AI tools to rapidly generate image, text or code suggestions for a person to review and consider using.
The addition of DALL∙E 2 builds on Microsoft and OpenAI’s ongoing partnership and expands the breadth of use cases within Azure OpenAI Service, the newest in the Azure Cognitive Services family currently in preview, which offers the security, reliability, compliance, data privacy and other enterprise-grade capabilities built into Microsoft Azure.
Other AI technologies developed by Microsoft and available through Azure Cognitive Services such as language translation, speech transcription, optical character recognition and document summarization are showing up in products and services such as Microsoft Teams, Microsoft Power Platform and Microsoft 365.
“Over the last 18 months, we’ve seen this transition in technology from proving that you can do things with AI to mapping it to actual scenarios and processes where it’s useful to the end user,” said Charles Lamanna, Microsoft corporate vice president of business applications and platform. “It’s the productization of these very large language models.”
These AI capabilities are aimed at eliminating tedious work and enabling employees to focus on higher-value tasks, such as freeing sales associates to engage in conversations with customers without having to take notes, Lamanna said. These new tools can also automate processes that currently eat up hours of people’s workdays such as writing summaries of sales calls and adding them to a client database.
“We can now inject AI that listens to our conversation and helps people be more productive by creating transcripts, capturing action items, doing summarization of the meeting, identifying common phrases or doing analysis about, ‘Am I a good listener?’” said Lamanna. “That required the advancement of the state-of-the-art AI and the advancement of these digital collaboration tools.”
Lamanna is focused on creating tools that enable anyone with a computing device to create their own AI-powered applications using the Microsoft Power Platform. For example, his team is rolling out a feature in Power Automate with AI powered copilot capabilities that allow people to use natural language to build workflow processes that connect various services running in the Microsoft cloud.
“Users in normal language can say, ‘Hey, whenever I get an email from my boss, send a text message to my phone and put a to-do in my Outlook,’” Lamanna explained. “They can just say that, and it gets generated automatically.”
YouTube Video
This ability to turn a sentence into a workflow dramatically expands the number of people who can create AI-powered software solutions, he said. People with a touch more technical know-how can further customize and refine their applications with low-code tools and graphical interfaces available in the Power Platform such as the intelligent document processing technology in AI Builder, he added.
A lawyer could use this technology to build a customized application that is triggered whenever a new contract is uploaded to the firm’s SharePoint site. This app could extract key information such as who wrote the contract, the parties involved and the industry sector and then email a summary of the contract with these details to lawyers in the firm who cover the sector or clients.
“That’s kind of magic,” said Lamanna, contrasting this type of AI automated workflow to how such tasks are typically accomplished today. “You check the SharePoint site, open a new file, and skim and try to summarize it to see if you have to do anything with it. AI is getting people out of this monotony and getting computers to do what’s best for them to do anyway.”
The digital transformation of the past several years has added to the flood of content that people around the world produce. Microsoft customers, for example, now add about 1.6 billion pieces of content every day to Microsoft 365. Think marketing presentations, contracts, invoices and work orders along with video recordings and transcripts of Teams meetings.
“They’re creating documents, they’re collaborating on them in Teams and they are storing them in SharePoint-powered experiences,” said Jeff Teper, Microsoft president of collaborative apps and platform. “What we want to do is integrate AI technologies with this content so clients can do more structured activities like contract approvals, invoice management and regulatory filings.”
That’s why Microsoft created Microsoft Syntex, a new content AI offering for Microsoft 365 that leverages Azure Cognitive Services and other AI technologies to transform how content is created, processed and discovered. It reads, tags and indexes content – whether digital or paper – making it searchable and available within specific applications or as reusable knowledge. It can also manage the content lifecycle with security and retention settings.
YouTube Video
For instance, TaylorMade Golf Company turned to Microsoft Syntex for a comprehensive document management system to organize and secure emails, attachments and other documents for intellectual property and patent filings. At the time, company lawyers manually managed this content, spending hours filing and moving documents to be shared and processed later.
With Microsoft Syntex, these documents are automatically classified, tagged and filtered in a way that’s more secure and makes them easy to find through search instead of needing to dig through a traditional file and folder system. TaylorMade is also exploring ways to use Microsoft Syntex to automatically process orders, receipts and other transactional documents for the accounts payable and finance teams.
Other customers are using Microsoft Syntex for contract management and assembly, noted Teper. While every contract may have unique elements, they are constructed with common clauses around financial terms, change control, timeline and so forth. Rather than write those common clauses from scratch each time, people can use Syntex to assemble them from various documents and then introduce changes.
“They need AI and machine learning to spot, ‘Hey, this paragraph is very different from our standard terms. This could use some extra oversight,’” he said.
“If you’re trying to read a 100-page contract and look for the thing that’s significantly changed, that’s a lot of work versus the AI helping with that,” he added. “And then there’s the workflow around those contracts: Who approves them? Where are they stored? How do you find them later on? There’s a big part of this that’s metadata.”
The availability of DALL∙E 2 in Azure OpenAI Service has sparked a series of explorations at RTL Deutschland, Germany’s largest privately held cross-media company, about how to generate personalized images based on customers’ interests. For example, in RTL’s data, research and AI competence center, data scientists are testing various strategies to enhance the user experience by generative imagery.
RTL Deutschland’s streaming service RTL+ is expanding to offer on-demand access to millions of videos, music albums, podcasts, audiobooks and e-magazines. The platform relies heavily on images to grab people’s attention, said Marc Egger, senior vice president of data products and technology for the RTL data team.
“Even if you have the perfect recommendation, you still don’t know whether the user will click on it because the user is using visual cues to decide whether he or she is interested in consuming something. So artwork is really important, and you have to have the right artwork for the right person,” he said.
Imagine a romcom movie about a professional soccer player who gets transferred to Paris and falls in love with a French sportswriter. A sports fan might be more inclined to check out the movie if there’s an image of a soccer game. Someone who loves romance novels or travel might be more interested in an image of the couple kissing under the Eiffel Tower.
Combining the power of DALL∙E 2 and metadata about what kind of content a user has interacted with in the past offers the potential to offer personalized imagery on a previously inconceivable scale, Egger said.
“If you have millions of users and millions of assets, you have the problem that you simply can’t scale it – the workforce doesn’t exist,” he said. “You would never have enough graphic designers to create all the personalized images you want. So, this is an enabling technology for doing things you would not otherwise be able to do.”
Egger’s team is also considering how to use DALL∙E 2 in Azure OpenAI Service to create visuals for content that currently lacks imagery, such as podcast episodes and scenes in audiobooks. For instance, metadata from a podcast episode could be used to generate a unique image to accompany it, rather than repeating the same generic podcast image over and over.

Five smartphones are in a row. On each screen is information about a podcast episode, and each episode contains unique cover art generated by DALL∙E 2. This use of DALL∙E 2
RTL Deutschland, Germany’s largest privately held crossmedia company, is exploring how to use DALL∙E 2 in Azure OpenAI Service to engage people browsing its streaming service RTL+. One idea is to use DALL∙E 2 to generate unique images to illustrate individual podcast episodes, rather than relying on the same podcast cover art.

Along similar lines, a person who is listening to an audiobook on their phone would typically look at the same book cover art for each chapter. DALL∙E 2 could be used to generate a unique image to accompany each scene in each chapter.
Using DALL∙E 2 through Azure OpenAI Service, Egger added, provides access to other Azure services and tools in one place, which allows his team to work efficiently and seamlessly. “As with all other software-as-a-service products, we can be sure that if we need massive amounts of imagery created by DALL∙E, we are not worried about having it online.”
No AI technology has elicited as much excitement as systems such as DALL∙E 2 that can generate images from natural language descriptions, according to Sarah Bird, a Microsoft principal group project manager for Azure AI.
“People love images, and for someone like me who is not visually artistic at all, I’m able to make something much more beautiful than I would ever be able to using other visual tools,” she said of DALL∙E 2. “It’s giving humans a new tool to express themselves creatively and communicate in compelling and fun and engaging ways.”
Her team focuses on the development of tools and techniques that guide people toward the appropriate and responsible use of AI tools such as DALL∙E 2 in Azure AI and that limit their use in ways that could cause harm.
To help prevent DALL∙E 2 from delivering inappropriate outputs in Azure OpenAI Service, OpenAI removed the most explicit sexual and violent content from the dataset used to train the model, and Azure AI deployed filters to reject prompts that violate content policy.
In addition, the team has integrated techniques that prevent DALL∙E 2 from creating images of celebrities as well as objects that are commonly used to try to trick the system into generating sexual or violent content. On the output side, the team has added models that remove AI generated images that appear to contain adult, gore and other types of inappropriate content.
We’re designing the interfaces to help users … use this tool to get the representation they want.
DALL∙E 2 is still subject to a challenge that many AI systems encounter: the system is only as good as the data used to train it. Without the benefit of context that provides insight to user intent, less descriptive prompts to DALL-E 2 can surface biases embedded in the training data – text and images from the internet.
That’s why Bird is working with Microsoft product teams to teach people how to use DALL∙E 2 in ways that help them achieve their goals – such as using more descriptive prompts that help the AI system better understand what results they’re after.
“We’re designing the interfaces to help users be more successful in what it’s generating, and sharing the limitations today, so that users are able to use this tool to get the representation that they want, not whatever average representation exists on the internet,” she said.
Buse recently joined the Mattel Future Lab, which is exploring ideas such as the metaverse and NFTs, or non-fungible tokens, to expand the reach of the toy business. She’s using DALL∙E 2 as a tool to help her imagine what these virtual experiences could look like.
“It’s fun to poke around in here to think about what would come up in a virtual world based on – pick a descriptor – a forest, mermaids, whatever,” she said, explaining that DALL∙E 2 is helping her team predict this future. “How do you predict the future? You keep feeding yourself more information, more imagery and thoughts to try and imagine how this would come together.”
Boyd, the Microsoft corporate vice president for Azure Platform, said DALL∙E 2 and the family of large language models that underpins it are unlocking this creative force across customers. The AI system is fuel for the imagination, enabling users to think of new and interesting ideas and bring them alive in their presentations and documents.
“What is most exciting, I think, is we’re just scratching the surface on the power of these large language models,” he said.
Related:
Sign up to receive the latest updates on how DALL·E 2 is being used in Azure OpenAI Service and across Microsoft
Learn more about Microsoft Syntex and Power Automate
Read: How AI makes developers’ lives easier, and helps everybody learn to develop software
Read: New Z-code Mixture of Experts models improve quality, efficiency in Translator and Azure AI
Read: New Azure OpenAI Service combines access to powerful GPT-3 language models with Azure’s enterprise capabilities
Top image: Mattel toy designers are investigating how to use images generated by DALL∙E 2 in Azure OpenAI Service to help inspire new Hot Wheels designs. By typing plain language prompts like “A DTM race car like a hot rod” or “A Bonneville salt flats racer like a DTM race car,” they can generate multiple images to help spark creativity and inform final designs. 
John Roach writes about Microsoft research and innovation. Follow him on Twitter.
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What is an Electronic Document Management System (EDMS … – Techopedia

Saturday, 17 December 2022 by admin

Machine learning operations (MLOps) is an approach to managing the entire lifecycle of a machine learning model — including its training, tuning, everyday use in a production environment and retirement.MLOps, which is sometimes referred to as DevOps for ML, seeks to improve communication and… View Full Term
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An electronic document management system (EDMS) is a software system for organizing and storing different kinds of documents. This type of system is a more particular kind of document management system, a more general type of storage system that helps users to organize and store paper or digital documents. EDMS refers more specifically to a software system that handles digital documents, rather than paper documents, although in some instances, these systems may also handle digital scanned versions of original paper documents.
An electronic document management provides a way to centrally store a large volume of digital documents. Many of these systems also include features for efficient document retrieval.
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