SAI.TECH Announces Seed Financing of HEATNUC, its SMR subsidiary
- SINGAPORE, July 17, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”, NASDAQ: SAI), announced today that its subsidiary, Atomic Evolution Limited (doing business as “HEATNUC”), has entered into a seed financing subscription agreement with JIUDE Capital, a venture capital investor with a post-investment valuation of US$50 million. The seed financing allows HEATNUC to accelerate its team building process, which aims to attract and secure key research and development personnel.
- 07/17/2023
|
MG owner eyes Europe for new site in potential return for former British brand
- Chinese carmaker SAIC Motor has pointed to Europe for its latest electric vehicle factory, potentially marking a return to the continent for former British brand MG SAIC, which owns MG, pointed to strong demand for its electric vehicles in Europe, amid a 40% jump in sales outside of China during the first three months of the year. MGs had been built in Birmingham until 2016, but saw production moved to China by the state-owned company which dubbed the UK as was no longer “required” at the time.
- 07/06/2023
|
SAI.TECH to Participate in the Bitcoin Mining Virtual Conference Presented by Maxim Group LLC and hosted by M-Vest on Tuesday, May 16th at 9:00 A.M. ET
- SINGAPORE, May 16, 2023 (GLOBE NEWSWIRE) -- SAI.TECH Global Corporation ("SAI.TECH" or "SAI" or the "Company", NASDAQ: SAI), a Sustainable Bitverse Operator, announced today that the Company's Chief Financial Officer (CFO) Ian Chow, and Director of Strategy and Investments Jack Xie, have been invited to present at the Bitcoin Mining Virtual Conference, presented by Maxim Group LLC and hosted by M-Vest, on Tuesday, May 16th, 2023, at 9:00 a.m. ET.
- 05/16/2023
|
Penny Stocks To Buy Now? 5 With Big News Today
- Penny stocks news sparks momentum in the stock market today. The post Penny Stocks To Buy Now?
- 04/21/2023
|
Why Is SAI.TECH Global (SAI) Stock Down 32% Today?
- SAI.TECH Global (NASDAQ: SAI ) stock is down on Monday despite a lack of news concerning the Bitcoin ( BTC-USD ) mining company. Instead, today's movement is likely tied to a recent rally the company's shares went through on Friday.
- 04/17/2023
|
Buying Energy Penny Stocks? 3 Methods to Use
- Investing in energy penny stocks? Here's some top tips The post Buying Energy Penny Stocks?
- 04/16/2023
|
Motorola Solutions, SAIC to Jointly Market RhoMobile Suite to 1.5
Million Potential IT Customers
- SCHAUMBURG, Ill.--(BUSINESS WIRE)--Motorola Solutions Inc. (NYSE: MSI) and Science Applications International Corporation (SAIC) (NYSE: SAI) today announced a strategic alliance focused on changing the way modern enterprise and government users mobilize their employees, partners and customers. The alliance creates a flexible and optimized path to buying, building and managing mobile solutions through a software-as-a-service (SaaS) approach. SAIC will leverage Motorola’s RhoMobile Suite to offer an open architecture and secure mobile applications and solutions to its government and enterprise users while also delivering mobile services to 1.5 million potential information technology (IT) customers. The RhoMobile technology also enables SAIC to extend its customers’ enterprise and mobile application environments with minimal effort and consistent reliability. SAIC's Integrated Services Management Center (ISMC) is a horizontal IT outsourcing delivery center that provides customer-centric IT services to global customers representing nearly 1.5 million seats in both the federal and enterprise space. Within the ISMC, Motorola’s RhoMobile Suite will allow SAIC to provide application development and application management services along with numerous internal apps from several different SAIC organizations in its Enterprise App Store. The award-winning RhoMobile Suite was launched earlier this year and is a true HTML5 cross-platform development framework that allows developers to write an application once and have it look and act the same on different mobile devices, regardless of the current operating system (OS). This technology helps reduce operating expenses by virtually future-proofing applications that will continue to run and perform on current and next generation enterprise and consumer devices. Combining the features of RhoElements, RhoConnect and RhoStudio into one solution, RhoMobile Suite fills a gap found in traditional web technologies because it can synchronize data and operate in either a connected or disconnected environment. KEY FACTS RhoMobile applications are OS-agnostic and able to support enterprise- and consumer-class operating systems including Microsoft Windows® Embedded Handheld, Microsoft Windows® Embedded Compact, Microsoft Windows® Phone 7 Series, Apple® iOS, Android® and BlackBerry®. The RhoMobile 2.1 and RhoConnect 3.3 release included support for building desktop ("Big Windows") and iOS 6 apps, advanced security with PKI encryption, expanded device capabilities and advanced bundled push notification service. The ISMC delivers managed services for SAIC and has a wide variety of application build and operate contracts in place to deliver hosted environments (including ISO 27001 certified environments) to meet all levels of requirements. This allows the ISMC to deliver a Federal Cloud FedRAMP/FISMA certified path to market for Motorola’s individual software vendor partners and customers requiring certified hosted environments. SUPPORTING QUOTES Linda Howard, senior vice president and general manager, Homeland and Civilian Solutions Business Unit, Science Applications International Corporation “We are excited to address the growing demand for managed application distribution. SAIC's investment in RhoMobile technology makes creating a custom-branded App Store and managing different types of applications on multiple devices a compelling offering.” Paul Mueller, vice president, Federal Sales, Motorola Solutions “The combination of SAIC's certifications and Motorola Solutions’ leading products present an opportunity to deliver even more value to our customers, in many cases using business models not previously available. This will help drive the larger mobility agenda, grow our collective customer base and position our customers for long-term success.” SUPPORTING RESOURCES Website: RhoMobile Suite Website: Motorola Solutions LaunchPad Developer Community Website: InfoWorld's 2012 Technology of the Year Award Website: Science Applications International Corporation Twitter: @RhoMobile Facebook: Motorola Solutions About SAIC SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The Company's approximately 40,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of approximately $10.6 billion for its fiscal year ended January 31, 2012. For more information, visit http://www.saic.com/. SAIC: From Science to Solutions® About Motorola Solutions Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com. For ongoing news, please visit our media center or subscribe to our news feed. MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective owners. ©2012 Motorola Solutions, Inc. All rights reserved.
- 11/15/2012
|
Accunet Solutions Completes State-of-the-Art Data Center Build-Out
for Frederick National Lab
- WASHINGTON--(BUSINESS WIRE)--Accunet Solutions, Inc. (Accunet) has completed the build-out of a fully integrated and scalable computing infrastructure for data-intensive operations at the Frederick National Laboratory for Cancer Research (FNL). “The system, housed in our new, state-of-the-art R&D facility in Frederick, Maryland, will enable us to keep pace with the escalating amounts of biomedical data that our scientists work with every day,” said Greg Warth, Director of IT Operations at SAIC-Frederick, Inc., the prime operations and technical support contractor for FNL. Fully optimized across all tiers, the efficient, cost-effective and scalable infrastructure includes: Fabric technology and cloud-capable UCS platform servers from Cisco Systems, Inc. Server and data center virtualization technologies from VMware, Inc. SAN and NAS storage for Tiers 1-3 from EMC Corporation and EMC Isilon Network data management from CommVault Systems, Inc. The next-generation platform ensures high-performance “big data” protection, availability and management for a distributed, worldwide network of biomedical researchers. “This project is a significant source of pride for all of us at Accunet Solutions,” commented Alan Dumas, President and CEO. “Informed by our deep experience with the unique IT concerns of bioinformatics organizations, we were able to work side-by-side with the visionary National Cancer Institute and SAIC-Frederick team to architect an Advanced Technology Research Facility solution that is capable of supporting their vital work — both now and in the future.” The project was funded by the National Cancer Institute through a $15 million subcontract with SAIC-Frederick (HHSN261200800001E). About Accunet Solutions Inc. For more than 15 years, Accunet Solutions has been providing superior, comprehensive systems integration and IT services to many of the largest and most complex organizations in North America. With the highest certifications in all aspects of storage, network infrastructure, security, virtualization and cloud computing, the company’s experienced IT experts assess, design and deploy innovative and dependable infrastructure solutions to improve performance, ensure scalability, deliver IT-as-a-Service capabilities and drive cost savings. Follow Accunet Solutions on Twitter at http://twitter.com/AccunetSolution. About SAIC-Frederick Inc. SAIC-Frederick Inc. is the prime contractor for NCI's research and development center in Frederick, MD. This is a national laboratory dedicated to rapidly translating basic research into new technologies for diagnosing, treating and preventing cancer and AIDS. SAIC-Frederick conducts basic research and maintains a full suite of advanced technologies in areas such as nanotechnology, genomics, proteomics and imaging. The company operates the federal government's drug and vaccine manufacturing facilities, operates the high-performance Advanced Biomedical Computing Center, and supports more than 300 clinical trials for patients in the United States and around the world. SAIC-Frederick is a wholly owned subsidiary of SAIC, a Fortune 500® company (NYSE: SAI).
- 09/05/2012
|
Cohen Milstein Sellers & Toll PLLC Announces Class Action Lawsuit
Against SAIC, Inc.
- WASHINGTON--(BUSINESS WIRE)--Cohen Milstein Sellers & Toll PLLC announces that it has filed a class action lawsuit in the U.S. District Court for the Eastern District of Virginia on behalf of all purchasers of SAIC, Inc. (“SAIC”) (NYSE: SAI) common stock during the period between April 11, 2007 and September 1, 2011, inclusive (the “Class Period”). SAIC provides defense, intelligence, homeland security, logistics, energy, environment, and health solutions and services to federal, state, and local government agencies, foreign governments, and customers in select commercial markets. SAIC maintains its corporate headquarters in McLean, Virginia, which is within the Eastern District of Virginia where the Complaint was filed. The Complaint alleges that SAIC and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The claims arise from the massive fraud perpetrated by SAIC and its employees and/or agents against New York City in connection with a contract for the development and implementation of a payroll project known as CityTime. The Complaint alleges that SAIC used the CityTime project to fraudulently obtain hundreds of millions of dollars from New York City. The defendants were aware of the fraudulent conduct yet failed to disclose the fraud and SAIC’s potential civil and criminal exposure stemming from the fraud. In addition, the complaint alleges that the defendants failed to disclose that SAIC’s reported revenues and earnings were generated, in part, by its massive fraudulent scheme. As a direct result of the defendants’ false statements, SAIC’s common stock traded at artificially inflated prices during the Class Period and dropped substantially after the truth was revealed. Plaintiff seeks to recover damages on behalf of all those who purchased shares of SAIC common stock from April 11, 2007 through September 1, 2011. Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Chicago, and Palm Beach Gardens and is active in major litigation pending in federal and state courts throughout the nation. If you purchased the common stock of SAIC from April 11, 2007 through September 1, 2011, you may move the court no later than 60 days after February 23, 2012, and request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. You may retain Cohen Milstein Sellers & Toll PLLC, or other attorneys, to serve as your counsel in this action. The firm’s reputation for excellence has repeatedly been recognized by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total in the billions of dollars. If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following: Steven J. Toll, Esq.Cameron ClarkCohen Milstein Sellers & Toll PLLC1100 New York Avenue, N.W.West Tower, Suite 500Washington, D.C. 20005Telephone: (888) 240-0775 or (202) 408-4600Email: stoll@cohenmilstein.com; cclark@cohenmilstein.com
- 04/18/2012
|
Lieff Cabraser Heimann & Bernstein, LLP Reminds Investors of
Upcoming Deadline in Class Action Lawsuit Against SAIC, Inc.
- SAN FRANCISCO--(BUSINESS WIRE)--The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the April 23, 2012 deadline to move for appointment as lead plaintiff in the securities class action against SAIC, Inc. (“SAIC” or the “Company”) (NYSE: SAI), brought on behalf of purchasers of SAIC common stock between April 11, 2007 and September 1, 2011, inclusive (the “Class Period”). If you purchased SAIC common stock during the Class Period, you may move the Court for appointment as lead plaintiff no later than April 23, 2012. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek lead plaintiff appointment. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action. SAIC shareholders who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Sharon Lee of Lieff Cabraser at (800) 541-7358. The complaint alleges that SAIC and certain current and former senior officials issued materially false and misleading statements during the Class Period regarding SAIC’s financial performance and business prospects. Specifically, defendants failed to disclose: (a) that SAIC had fraudulently overbilled New York City hundreds of millions of dollars on the “CityTime” project, a project focused on modernizing the City’s employee payroll system; (b) that, consequently, its financial results during the Class Period were materially misstated; (c) that SAIC’s overbilling practices subjected itself to numerous monetary and reputational risks; and (d) that defendants therefore lacked a reasonable basis for their positive statements about the Company. On August 31, 2011, SAIC announced an approximately 6% decline in revenue and a 23% decline in operating margin for the second quarter of 2012. Following this announcement, defendants disclosed during an earnings conference call with analysts and investors that SAIC’s revenues were negatively affected by the “wind[ing] down” of the CityTime contract and that it was “probable” that SAIC would have to make restitution to New York City for wrongful conduct on the contract. On this news, SAIC stock dropped nearly 14%, from $15.00 per share on August 31, 2011, to close at $12.97 on September 1, 2011. Lieff Cabraser is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. For more information about Lieff Cabraser and the firm’s representation of investors, please visit http://www.lieffcabraser.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
- 04/04/2012
|
Milberg LLP Announces Class Action Lawsuit Against SAIC, Inc.;
Launches Case Website
- NEW YORK--(BUSINESS WIRE)--Milberg LLP announces that a class action lawsuit was filed on behalf of all purchasers of SAIC, Inc. (NYSE: SAI)(“SAIC” or the “Company”) common stock between April 11, 2007 and September 1, 2011 (“Class Period”). Milberg LLP has created a website (www.saiclawsuit.com) that seeks to answer questions investors typically have about shareholder class actions. The complaint alleges that SAIC did not disclose that during the Class Period the Company had overbilled New York City hundreds of millions of dollars on the CityTime Project and as a result of SAIC’s known, but undisclosed, overbilling practices, its operating results were materially misstated. On August 31, 2011, SAIC issued a press release announcing its 2012 second quarter results, reporting an approximate 6% decline in revenue and a 23% decline in operating margin. SAIC said in a conference call that the Company’s revenues were, in part, adversely impacted by the “wind[ing] down” of the CityTime contract. In response to this revelation, shares of SAIC fell 14%, to $12.97. If you purchased SAIC shares during the Class Period you may, no later than April 23, 2012, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a class member that represents other class members in directing the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff, however, lead plaintiffs make important decisions that could affect the overall recovery for class members. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaint in this action was not filed by Milberg. Milberg LLP has represented individual and institutional investors for over four decades and serves as lead counsel in Courts throughout the United States. Visit the Milberg website (www.milberg.com) for more information about the firm. If you wish to discuss this matter with us, please contact the following attorneys: Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
- 03/29/2012
|
Cohen Milstein Sellers & Toll PLLC Announces Investigation of SAIC, Inc.
- WASHINGTON--(BUSINESS WIRE)--Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether SAIC, Inc. (“SAIC” or the “Company”) and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. A class action lawsuit has been filed in the U.S. District Court for the Southern District of New York by another law firm on behalf of purchasers of the common stock of SAIC, Inc. (NYSE: SAI) between April 11, 2007 and September 1, 2011, inclusive (the “Class Period”). The complaint alleges that SAIC and certain of its officers and/or directors (“Defendants”) misrepresented and/or failed to disclose that: (1) over a multi-year period SAIC had overbilled New York City hundreds of millions of dollars on the CityTime project, an initiative to develop and implement a modernized payroll system for New York City employees; (2) as a result of SAIC's overbilling practices, its operating results during the Class Period were materially misstated and the Company was exposed to numerous undisclosed monetary and reputational risks; (3) SAIC violated applicable accounting standards associated with the recognition of revenue and loss contingencies; (4) certifications related to the Company's internal and disclosure controls were materially false and misleading; and (5) in light of the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company and its business and prospects. On December 21, 2010, the New York State Comptroller, Thomas DiNapoli, issued a statement announcing that he had rejected a $118 million contract between the New York City Transit Authority and SAIC citing “SAIC’s role in the CityTime scandal.” DiNapoli’s announcement came a day after the release of a letter in which a New York City official accused SAIC of, among other things, unnecessarily running up costs on CityTime by causing improper delays, attempting to rewrite contracts without the City’s involvement, failing to comply with industry standards, and using unqualified personnel. In May 2011, one of the defendants was arrested and charged with receiving more than $5 million in kickbacks, wire fraud conspiracy and money laundering by federal prosecutors in connection with a probe into the CityTime scandal. Following the arrest, Mayor Bloomberg said that the ongoing investigation had revealed that there “may well have been widespread fraud and gross negligence within SAIC” and vowed to seek recovery from all responsible parties. After the market close on August 31, 2011, SAIC released disappointing second quarter results and lowered its revenue forecast for the fiscal year ending January 31, 2012, citing a slowdown in U.S. government contracts. During the Company’s earnings call, one defendant indicated that the second quarter “revenue contraction” was partly attributable to the “foreseen wind down of the CityTime project.” The price of SAIC shares fell from $15.00 to $12.97 on September 1, 2011. Cohen Milstein encourages all investors who purchased SAIC common stock between April 11, 2007 and September 1, 2011 or former employees with information concerning this matter to contact the firm. If you are a SAIC shareholder and would like to discuss your right to recover for your economic loss, you may, without any cost or obligation, call Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202) 408-4600, or email him at stoll@cohenmilstein.com. If you purchased the common stock of SAIC and wish to serve as lead plaintiff, you must move the Court no later than April 23, 2012 to request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers & Toll PLLC or other attorneys to serve as your counsel in this action, or you may do nothing and remain an absent class member. Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Chicago, and West Palm Beach, and is active in major litigation pending in federal and state courts throughout the nation. The firm’s reputation for excellence has repeatedly been recognized by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars. Prior results do not guarantee a similar outcome. For more information visit www.cohenmilstein.com. If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following: Steven J. Toll, Esq.Cameron ClarkCohen Milstein Sellers & Toll PLLC1100 New York Avenue, N.W.West Tower, Suite 500Washington, D.C. 20005Telephone: (888) 240-0775 or (202) 408-4600Email: stoll@cohenmilstein.com; cclark@cohenmilstein.com Attorney Advertising
- 03/28/2012
|
Branham Law Group, LLP Investigating SAIC's Board of Directors for
Possible Breaches of Fiduciary Duty
- DALLAS--(BUSINESS WIRE)--Branham Law Group, LLP announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of SAIC, Inc. (NYSE: SAI). On February 23, 2012, a class action lawsuit was filed in the United States District Court for the Southern District of New York alleging that SAIC violated the federal securities laws between April 11, 2007 and September 1, 2011 (the “Class Period”). The lawsuit alleges, among other things, that SAIC overbilled New York City by hundreds of millions of dollars in connection with the CityTime Project. Branham Law Group, LLP’s investigation seeks to determine if the allegations contained in the class action complaint also warrant separate claims against the Board of Directors for breaches of fiduciary duty. Concerned shareholders -- or anyone with additional information about this matter -- who would like more information about their rights and potential remedies can contact attorney Trey Branham at (855) 722-5910 or tbranham@branhamlawgroup.com. The Branham Law Group, LLP has extensive experience in securities and commercial litigation and handled claims of investor fraud, partnership oppression, shareholder derivative suits, and class actions of all types. The Branham Law Group also advises whistleblowers on appropriate courses of action.
- 03/15/2012
|
