Latest news with #Condition
The Sun
3 days ago
- Automotive
- The Sun
Phased repairs for hazardous roads to prioritise critical sections
KUALA LUMPUR: The process of repairing hazardous roads across the country will be carried out in stages, with priority given to sections with critical damage, said Works Minister Datuk Seri Alexander Nanta Linggi. He said the Ministry of Works (KKR) has identified nearly RM4 billion worth of repairs needed to address all hazardous roads. However, due to financial constraints, the improvements will be implemented in phases. 'We already have complete data on the dangerous roads and the financial requirements. If we were to repair them all at once, we would need RM4 billion. Since we don't have that allocation, we have to do it in stages,' he told reporters after attending the Gawai Open House @ KKR 2025, held here today. He was responding to questions regarding efforts by the ministry to identify and repair damaged roads following the tragic accident along the Gerik–Jeli stretch of the East–West Highway (JRTB) on June 9, which claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students. Nanta said improvements to the JRTB have already been planned this year, involving an allocation of RM55 million. The upgrades include the installation of 385 streetlights and road line markings to improve visibility and safety. He added that the ministry had already identified roads in the worst condition through its existing database, with repair works to be carried out based on urgency. 'We know which roads are severely damaged, and we will prioritise those. Roads that are damaged but not critically will be attended to later,' he said. To support the decision-making process, the ministry is also using the Pavement Condition Assessment (PCA) method to determine areas that need immediate attention. For the JRTB Gerik–Jeli route, the PCA was conducted from March 13 to May 13, using advanced technologies such as the Multi Laser Profiler (MLP) and Falling Weight Deflectometer (FWD) Commenting on suggestions to install guardrails at high-risk locations, Nanta said the ministry is open to public feedback, including views shared online. 'We take into account all views — from the public, netizens, and relevant stakeholders. We will evaluate every suggestion carefully,' he said. The Gawai Open House @ KKR 2025 held at Dewan Tan Sri Mahfoz Khalid, was attended by Prime Minister Datuk Seri Anwar Ibrahim, Deputy Prime Minister Datuk Seri Fadillah Yusof, Deputy Works Minister Datuk Seri Ahmad Maslan, Women, Family and Community Development Minister Datuk Seri Nancy Shukri, as well as senior ministry officials and staff.
Barnama
3 days ago
- Automotive
- Barnama
Phased Repairs For Hazardous Roads To Prioritise Critical Sections
KUALA LUMPUR, June 18 (Bernama) -- The process of repairing hazardous roads across the country will be carried out in stages, with priority given to sections with critical damage, said Works Minister Datuk Seri Alexander Nanta Linggi. He said the Ministry of Works (KKR) has identified nearly RM4 billion worth of repairs needed to address all hazardous roads. However, due to financial constraints, the improvements will be implemented in phases. 'We already have complete data on the dangerous roads and the financial requirements. If we were to repair them all at once, we would need RM4 billion. Since we don't have that allocation, we have to do it in stages,' he told reporters after attending the Gawai Open House @ KKR 2025, held here today. He was responding to questions regarding efforts by the ministry to identify and repair damaged roads following the tragic accident along the Gerik–Jeli stretch of the East–West Highway (JRTB) on June 9, which claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students. Nanta said improvements to the JRTB have already been planned this year, involving an allocation of RM55 million. The upgrades include the installation of 385 streetlights and road line markings to improve visibility and safety. He added that the ministry had already identified roads in the worst condition through its existing database, with repair works to be carried out based on urgency. 'We know which roads are severely damaged, and we will prioritise those. Roads that are damaged but not critically will be attended to later,' he said. To support the decision-making process, the ministry is also using the Pavement Condition Assessment (PCA) method to determine areas that need immediate attention. For the JRTB Gerik–Jeli route, the PCA was conducted from March 13 to May 13, using advanced technologies such as the Multi Laser Profiler (MLP) and Falling Weight Deflectometer (FWD) Commenting on suggestions to install guardrails at high-risk locations, Nanta said the ministry is open to public feedback, including views shared online.
Business Wire
09-06-2025
- Business
- Business Wire
ForeSee Medical and Vim Announce Strategic Partnership to Enhance Risk Adjustment and Streamline Provider Workflows
SAN DIEGO--(BUSINESS WIRE)--ForeSee Medical Inc., a leading AI-powered risk adjustment software company, and Vim, a cutting-edge provider enablement platform for healthcare, have announced a strategic partnership aimed at transforming the delivery of patient insights and improving provider workflows at the point of care. 'We are excited to partner with Vim to bring our industry-leading, AI-powered risk adjustment capabilities directly into provider workflows,' said Dr. Sol Lizerbram, Executive Chairman at ForeSee Medical. Through this collaboration, ForeSee Medical's advanced risk adjustment technology, which assists providers in accurately identifying Hierarchical Condition Categories (HCC) coding while improving the quality of care, will seamlessly integrate into Vim's scalable and flexible platform. By leveraging Vim's unique and interactive integration layer, providers will gain access to enhanced data and patient insights directly within their Electronic Health Record (EHR) workflows—without disrupting existing clinical operations. 'We are excited to partner with Vim to bring our industry-leading, AI-powered risk adjustment capabilities directly into provider workflows,' said Dr. Sol Lizerbram, Executive Chairman at ForeSee Medical. 'This partnership ensures that providers can access accurate risk adjustment data in real time, ultimately leading to improved patient care and clinical outcomes. Our proprietary Natural Language Processing (NLP) along with unique features such as InstaVu®' greatly reduces the speed to achieve accurate HCC coding with the ability to instantly view disease source documentation.' Vim's provider enablement platform is designed to bridge gaps in interoperability and efficiency, enabling health organizations to enhance operational effectiveness. With ForeSee Medical's technology integrated into Vim's workflow solutions, healthcare providers will experience a streamlined approach to risk adjustment coding, reducing administrative burden and improving decision-making at the point of care. 'Our partnership with ForeSee Medical brings together two powerful capabilities—real-time data delivery and AI-driven risk insights—into one seamless experience for providers. At Vim, we're focused on turning fragmented healthcare data into actionable intelligence directly within clinical workflows,' said Tim Barry, Head of Partnerships at Vim. 'This collaboration is another step in our mission to power smarter, faster decisions at the point of care—without adding complexity.' This partnership represents a significant step forward in healthcare technology, ensuring that providers can leverage AI-driven insights effortlessly within their daily operations, leading to greater accuracy, efficiency, and overall quality of care.
Yahoo
05-06-2025
- Business
- Yahoo
Babcock & Wilcox Commences Cash Tender Offer For Two Series of Notes
AKRON, Ohio, June 05, 2025--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced today offers to purchase for cash (the "Cash Offers") up to a maximum $70 million aggregate amount (the "Offer Cap") of Tender Consideration (as defined below) of the Company's 8.125% Senior Notes due 2026 (the "February 2026 Notes") and 6.50% Senior Notes due 2026 (the "December 2026 Notes" and, together with the February 2026 Notes, the "Notes"), on the terms and conditions set forth in the Offer to Purchase, dated June 5, 2025 (the "Offer to Purchase"), and as described in the table below. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. Title of Series of Notes to be Purchased CUSIP No. Outstanding Principal Amount (in millions) Tender Consideration 8.125% Senior Notes due 2026 05614L 308 $109.02 $20.00 6.500% Senior Notes due 2026 05614L 506 $103.63 $16.25 The Notes are listed and admitted for trading on the New York Stock Exchange under the trading symbol "BWSN," with respect to the February 2026 Notes, and "BWNB," with respect to the December 2026 Notes. The Cash Offers are scheduled to expire at 5:00 p.m., New York City time, on July 11, 2025, unless extended or earlier terminated by the Company. Holders of Notes described in the table above may withdraw their validly tendered Notes at any time at or prior to 5:00 p.m., New York City time, on July 11, 2025, unless extended by the Company. In order to receive the Tender Consideration, Holders of Notes must tender and not withdraw their Notes at or prior to the Expiration Date. The Settlement Date will be the first business day after the Expiration Date and is expected to be July 14, 2025. Upon the terms and subject to the conditions set forth in the Offer to Purchase, including the Offer Cap and the Diamond Power Closing Condition (as defined below), Holders whose Notes are accepted for purchase in the Cash Offers will receive the Tender Consideration described in the above table (the "Tender Consideration") for each $25 principal amount of such Notes in cash on the Settlement Date. Our obligation to complete the Cash Offers is conditioned on the consummation, prior to or concurrently with the Expiration Date, of (i) the sale, to certain legal entities affiliated with Andritz AG, of the equity interests of Diamond Power International, LLC ("Diamond Power") and related legal entities, together with assets related to the Diamond Power business and (ii) the receipt of net proceeds from such sale in an amount sufficient to fund the Cash Offers, assuming the maximum Tender Consideration of $70 million (the "Diamond Power Closing Condition"). In addition to the Tender Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the Accrued Coupon Payment, representing accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Settlement Date. Interest will cease to accrue on the Settlement Date for all Notes accepted in the Cash Offers. The Company's obligation to accept for payment and to pay for Notes of any series validly tendered in the Cash Offers is subject to the satisfaction or waiver of the conditions described in the Offer to Purchase, including that the aggregate Tender Consideration for Notes purchased in the Cash Offers not exceeding $70 million, and that the Diamond Power Closing Condition shall have been satisfied. Subject to applicable law, the Company reserves the right to (i) extend any or all of the Cash Offers; (ii) waive any and all conditions to or amend any or all of the Cash Offers in any respect; or (iii) terminate any or all of the Cash Offers. Holders of Notes are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that beneficial owner to be able to participate in, or withdraw their instruction to participate in, a Cash Offer, before the deadlines specified herein. The deadlines set by any such intermediary and The Depository Trust Company for the submission of tender instructions will be earlier than the relevant deadlines specified herein. In connection with the Cash Offers, the Company has retained B. Riley Securities, Inc. as the Dealer Manager. Questions regarding the Cash Offers should be directed to B. Riley Securities, Inc. by email at corporateactions@ or by calling toll-free at (833) 528-1067. Requests for copies of the Offer to Purchase and related documents should be directed to D.F. King & Co., Inc., the Tender Agent and Information Agent for the tender offer, at (800) 769-4414 (toll-free) or 212-269-5550 (collect). This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Cash Offers described herein are being made solely by the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at Forward-Looking Statements B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the Cash Offers, satisfaction of the Diamond Power Closing Condition and the anticipated settlement of the Cash Offers. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. View source version on Contacts For more information, contact: investors@ +1-704-625-4944 For holders of Notes, contact: D.F. King & Co., (800) 769-4414 (toll free)212-269-5550 (collect)
Yahoo
03-06-2025
- Business
- Yahoo
North America Oil Condition Monitoring Industry Report 2025: Rising Adoption of Industry 4.0 Technologies and Shift Toward Predictive Maintenance Strategies Fuels Growth
The market is witnessing robust growth due to the . These approaches demand real-time, data-driven solutions to ensure optimal asset performance. Advancements in sensor technologies, wireless communication, and data analytics are enhancing the efficiency and accessibility of oil condition monitoring systems. Increasing regulatory emphasis on environmental protection and operational cost reduction is further driving organizations to adopt proactive lubrication management practices across North America. North American Oil Condition Monitoring Market Dublin, June 03, 2025 (GLOBE NEWSWIRE) -- The "North America Oil Condition Monitoring Market, By Country, Competition, Forecast and Opportunities 2020-2030F" report has been added to North America Oil Condition Monitoring Market was valued at USD 1.32 Billion in 2024, and is expected to reach USD 2.02 Billion by 2030, rising at a CAGR of 7.35%. Oil condition monitoring is a critical process that evaluates the performance and quality of lubricants used in industrial machinery to detect early signs of wear, contamination, and degradation. This helps extend equipment life, reduce maintenance costs, and minimize unplanned downtime across key industries such as manufacturing, automotive, aerospace, and energy. Increasing Adoption of Predictive Maintenance to Reduce Downtime and Operational CostsThe North America Oil Condition Monitoring Market is being driven by the growing reliance on predictive maintenance strategies. Predictive maintenance uses real-time data and monitoring tools to forecast equipment failures, allowing timely interventions before breakdowns occur. Oil condition monitoring plays a pivotal role in this strategy by offering precise insights into lubricant health, identifying signs of oxidation, contamination, or deterioration that can compromise equipment performance. By detecting issues early, organizations can schedule maintenance efficiently, reduce unexpected shutdowns, and lower repair expenses. Industries such as automotive, energy, and manufacturing are increasingly embracing predictive maintenance to enhance asset reliability, improve safety, and maximize operational Initial Investment and Integration CostsThe implementation of advanced oil condition monitoring systems presents a significant financial challenge, especially for small and medium enterprises. High initial costs related to sensors, diagnostic equipment, and data management platforms often deter adoption. Additionally, integrating these technologies into existing infrastructure - particularly in facilities using older equipment - can be complex and resource-intensive. The need for skilled personnel to manage and interpret oil data, along with the expense of staff training, adds further cost and complexity. During the transition phase, businesses may also face operational disruptions. These factors contribute to resistance from organizations accustomed to traditional, time-based maintenance practices, hindering widespread adoption despite the long-term efficiency Adoption of Predictive Maintenance Driven by Oil Condition Monitoring TechnologiesA growing trend in the North America Oil Condition Monitoring Market is the shift toward predictive maintenance models, enabled by advanced sensor technologies and real-time analytics. Companies across various sectors are leveraging oil condition monitoring tools to proactively assess equipment health, reducing the reliance on scheduled maintenance and minimizing unscheduled downtime. Internet of Things (IoT)-enabled devices and cloud platforms allow for continuous monitoring, remote diagnostics, and data-driven decision-making. This approach not only improves machinery reliability but also enhances maintenance planning and reduces lubricant waste. The focus on operational efficiency, cost control, and equipment longevity is making predictive maintenance via oil analysis a cornerstone of modern asset management strategies. Key Attributes: Report Attribute Details No. of Pages 120 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $1.32 Billion Forecasted Market Value (USD) by 2030 $2.02 Billion Compound Annual Growth Rate 7.3% Regions Covered North America Report Scope: Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in the North America Oil Condition Monitoring Market. Emerson Electric Co. General Electric Company Siemens AG Schneider Electric SE Honeywell International Inc. Fluke Corporation ABB Ltd. Rockwell Automation, Inc. North America Oil Condition Monitoring Market, By Technology: Spectroscopy Chromatography Electrical Monitoring Viscosity Measurement North America Oil Condition Monitoring Market, By Type: Fluid Condition Monitoring Wear Debris Analysis Oil Quality Monitoring North America Oil Condition Monitoring Market, By Application: Automotive Industrial Machinery Marine Aerospace Power Generation North America Oil Condition Monitoring Market, By Country: United States Canada Mexico For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment North American Oil Condition Monitoring Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
