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Business Wire
31 minutes ago
- Automotive
- Business Wire
Wallbox and PowerGo Announce Collaboration to Deploy EV Charging Solutions Across Hotels in the Netherlands
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has announced a collaboration with charge point operator PowerGo to accelerate the deployment of AC and DC charging infrastructure across Essendi hotels in the Netherlands. This collaboration brings together Wallbox's advanced charging technology and PowerGo's renewable energy-powered infrastructure to support the country's growing demand for sustainable mobility. The installations will feature Wallbox's Em4, a robust AC charger designed for high-traffic environments, and Supernova, the company's high-efficiency DC fast charger. Both models are designed to support a seamless user experience, remote management, and integration with renewable energy sources, aligned with PowerGo's green charging solutions. The collaboration has already reached key milestones, starting with Mercure Amsterdam City, where the first installation became operational. Since May, guests and visitors have been able to charge their EVs at six 22 kW AC charging points, with two 150 kW DC charging points planned to be installed once the upgraded grid connection is in place. In June, Novotel Amsterdam City also became operational, offering two 150 kW DC and six 22 kW AC charging points. These installations mark the beginning of a potential broader rollout within Essendi's hotel portfolio in the Netherlands. Upcoming installations are expected at multiple hotel locations in the provinces of North Holland and South Holland, including the Ibis and Ibis Budget Amsterdam Airport hotels at Schiphol, as well as the Novotel in Rotterdam Brainpark. 'At Wallbox, we develop smart charging solutions that make electrification accessible and scalable,' said Eduard Castañeda, Chief Fast Charging Officer and Co-Founder of Wallbox. 'Collaboration with PowerGo aims to deliver high-performance charging experiences in key locations, combining smart features, ease of use and robust design, while also showcasing the Wallbox portfolio.' PowerGo, a subsidiary of solar energy specialist PowerField, operates more than 1,700 public charging points across seven European countries. Its network is powered by solar energy generated from PowerField's solar parks, offering a truly green charging experience. By leveraging in-house expertise with strategic partnerships, PowerGo plays a leading role in accelerating the rollout of fast and public EV charging infrastructure. 'Our partnership with Wallbox enables us to expand the charging network across the Netherlands,' said Sander Bos, Project Manager for the Netherlands at PowerGo. 'By combining their technology with our solutions, we provide our partners and EV drivers with a reliable and future-proof charging experience. This collaboration is a great step towards making electric mobility more accessible and supporting a greener future.' About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 100 countries around the world. Founded in 2015 in Barcelona, where the company's headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit About PowerGo PowerGo is active in seven European countries and currently operates more than 1,700 charging points. The Charge Point Operator (CPO) develops public and fleet charging solutions for partners including HelloFresh, Basic-Fit, Jumbo, PLUS, Radisson Hotel Group, and various governments. More locations are underway as PowerGo continues to expand its presence across Europe. PowerGo is the subsidiary of PowerField, a Dutch organisation specialised in the production, storage, trade and energy management of solar energy. PowerGo's charging stations are powered by energy from PowerField's solar parks. Together, PowerField and PowerGo offer the full solution: production, storage, and use of renewable energy. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the 'Securities Act') and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's future operating results and financial position, long term profitability and costs optimization, business strategy and plans and market opportunity. The words 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'estimate,' 'expect,' 'focus,' 'forecast,' 'intend,' 'likely,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox's history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox's ability to successfully manage its growth; the accuracy of Wallbox's forecasts and projections including those regarding its market opportunity; competition; risks related to losses or disruptions in Wallbox's supply or manufacturing partners; impacts resulting from geopolitical conflicts; risks related to macro-economic conditions and inflation; Wallbox's reliance on the third-parties outside of its control; risks related to Wallbox's technology, intellectual property and infrastructure; occurrence of any public health crisis or similar global events as well as the other important factors discussed under the caption 'Risk Factors' in Wallbox's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the 'SEC'), accessible on the SEC's website at and the Investors Relations section of Wallbox's website at Any such forward-looking statements represent management's estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Time of India
37 minutes ago
- Business
- Time of India
IBM study: Indian CEOs double down on AI investments to drive long-term innovation
74% of surveyed CEOs say more budget flexibility is needed to capitalize on digital opportunities that drive long-term growth and innovation64% of surveyed CEOs strongly agree that their organization is realizing value from GenAI investments beyond cost reduction A new global study by the IBM (NYSE: IBM ) Institute for Business Value suggests that surveyed Indian CEOs are open to investing in digital opportunities that drive long term growth and innovation but need more budget flexibility to do so. They also cite lack of expertise and knowledge as a top barrier to innovation in their organization. The study also points to Indian CEOs investing in AI with purpose and having clear metrics to measure innovation ROI. The annual IBM CEO study , which surveyed 2,000 CEOs globally, revealed that executive respondents expect the growth rate of AI investments to more than double in the next two years. In India, 51% of surveyed CEOs confirm they are actively adopting AI agents today and preparing to implement them at scale. According to the findings, in India 58% of surveyed CEOs identify integrated enterprise-wide data architecture as critical for cross-functional collaboration, and 71% view their organization's proprietary data as key to unlocking the value of generative AI . However, the research indicates organizations may be struggling to cultivate an effective data environment: 53% of respondents acknowledge that the pace of recent investments has left their organization with disconnected, piecemeal technology. 'Indian CEOs are at the forefront of a massive transformation fuelled by technological advancements like generative AI and Agentic AI. It is no longer if they should adopt AI but where it can deliver the strongest competitive edge, and accelerated growth,' said Sandip Patel, Managing Director, IBM India & South Asia. 'To lead in this era, CEOs must see disruption as opportunity, focusing on tangible business outcomes while navigating constant change. At IBM, we're helping Indian enterprises scale AI responsibly and drive seamless AI adoption for long-term growth,' he added. Highlights for India from the IBM CEO Study include: Less Than a Third of AI Initiatives Met ROI Expectations, But Indian CEOs Stay Committed Surveyed CEOs report that only 25% of AI initiatives have delivered expected ROI over the last few years, and only 15% have scaled enterprise wide. To accelerate progress, 62% of CEO respondents say their organization is leaning into AI use cases based on ROI, with 66% reporting that their organization has clear metrics to measure innovation ROI effectively.64% of CEO respondents say their organization is realizing value from generative AI investments beyond cost reduction.69% of CEOs surveyed acknowledge that the risk of falling behind drives investment in some technologies before they have a clear understanding of the value they bring to the organization, but only 39% say it's better to be 'fast and wrong' than 'right and slow' when it comes to technology adoption. 44% of surveyed CEOs admit their organization struggles to balance funding for existing operations and investment in innovation when unexpected change occurs, as 74% of say more budget flexibility is needed to capitalize on digital opportunities that drive long-term growth and 2027, 84% of surveyed CEOs expect their investments in scaled AI efficiency and cost savings to have returned a positive ROI, while 78% expect to see a positive return from their investments in scaled AI growth and expansion. Indian CEOs Prioritize Strategic Leadership and AI Talent to Unlock Future Growth 67% of CEO respondents say their organization's success is directly tied to maintaining a broad group of leaders with a deep understanding of strategy and the authority to make critical decisions.61% of CEOs surveyed say that differentiation depends on having the right expertise in the right positions with the right cite lack of clear innovation strategy, aversion to risk and disruption, and lack of expertise and knowledge as top barriers to innovation in their organization.68% of CEOs say their organization will use automation to address skill gaps.54% of CEO respondents say they are hiring for roles related to AI that did not exist a year ago.
Business Wire
an hour ago
- Business
- Business Wire
IonQ and Kipu Quantum Break New Performance Records For Protein Folding And Optimization Problems
KARLSRUHE, Germany & COLLEGE PARK, Md.--(BUSINESS WIRE)--Kipu Quantum, a leader in application and hardware-specific quantum computing solutions, and IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, proudly announced a record achievement: the successful solution of the most complex known protein folding problem ever executed on a quantum computer. This joint effort is the largest known quantum computation of its kind to-date, and demonstrates the synergy between Kipu's innovative algorithmic framework and IonQ's state-of-the-art hardware. In their latest study, the teams solved: The largest known protein folding problem solved and executed on quantum hardware, comprising a 3D use case of up to 12 amino acids — an industry record on its own and a promising path towards commercial use of quantum computing for drug discovery. All-to-all connected spin-glass problems (QUBO) and MAX-4-SAT problems (HUBO) using up to 36 qubits, obtaining optimal solutions in all instances — an industry record for dense digital quantum computing problems executed on quantum hardware. All instances were executed on IonQ's Forte generation systems using Kipu Quantum's flagship BF-DCQO (Bias-Field Digitized Counterdiabatic Quantum Optimization) algorithm. The results advance the frontier of near-term quantum computing and have the potential to make a large impact on biology and drug development. BF-DCQO provides a non-variational, iterative method that is both accurate and resource-efficient. This algorithm can achieve better solutions with fewer quantum operations in each subsequent iteration. This is especially critical for protein folding, where several long-range interactions are present, making the all-to-all connectivity of IonQ's trapped ion systems an important asset. 'Connectivity between qubits in quantum computing impacts efficiency and accuracy. Having all-to-all connectivity means faster time to solution, with higher quality results, and is a unique characteristic of trapped-ion systems. Combining that with Kipu's unique quantum algorithms results in unparalleled performance with minimal resources, a sine qua non path to quantum advantage with IonQ's next-generation system,' said Prof. Enrique Solano, Co-CEO and Co-Founder of Kipu Quantum. 'This collaboration is not only breaking performance records, but is also positioning us to actively pursue quantum advantage using trapped-ion technologies with IonQ for a wide class of industry use cases.' 'Our collaboration with Kipu Quantum has delivered breakthroughs in both speed and quality that sets a new standard for what's possible in quantum computing today,' said Ariel Braunstein, SVP of Product at IonQ. 'This collaboration demonstrates the value of every part of IonQ's quantum computing stack – from the quality of our qubits and how they are connected, to our compiler and operating system to how error mitigation techniques are applied. Kipu's capabilities complement IonQ's cutting-edge systems perfectly and this collaboration is only the first step in our mutual pursuit of near-term commercial value for customers across multiple industries.' IonQ and Kipu Quantum will extend their collaboration with early access to IonQ's upcoming 64-qubit and 256-qubit chips, unlocking the potential to address even larger, industrially relevant challenges. Both companies are exploring additional use cases capable of delivering quantum-advantage in the near term across drug discovery, logistics, and material design. Read the full study here: About Kipu Quantum Kipu Quantum is a world-class German company dedicated to advancing application- and hardware-specific quantum computing solutions across diverse industries. Since its founding in 2021, Kipu Quantum has consistently delivered groundbreaking innovations, achieving runtime quantum advantage and pioneering first quantum products. These advancements underscore the company's commitment to addressing industry-relevant challenges through innovative algorithmic technology. The company offers its solutions as quantum software on its PLANQK platform, which enables frictionless access for more than 220 organizations to integrate quantum solutions into their existing processes. Kipu Quantum is also the pioneer in the core merging of artificial intelligence with quantum computing. Kipu Quantum designs and builds smart agents along quantum workflows involving hardware and software, giving rise to the novel field called Agentic Quantum Computing. Learn more at About IonQ IonQ, Inc. is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems and represent the forefront of the company's technological roadmap as it advances toward its goal of building quantum computers with 2 million physical qubits by 2030. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'accessible,' 'advance,' 'advances,' 'aimed,' 'available,' 'can,' critical,' 'cutting-edge,' 'delivering,' 'forefront,' 'goal,' 'growth,' 'impactful,' 'latest,' 'leading,' 'near term,' 'potential,' 'solving,' 'upcoming,' 'will,' and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ's quantum computing capabilities and plans; IonQ's technology driving commercial quantum advantage or delivering scalable, fault-tolerant quantum computing in the future; the relevance and utility of quantum algorithms and applications run on IonQ's quantum computers; the necessity, effectiveness, and future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, accuracy, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to deliver higher speed and fidelity gates with fewer errors, enhance information transfer and network accuracy, or reduce noise and errors; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; and IonQ's customers deciding or declining to extend contracts into new phases. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
Business Wire
an hour ago
- Business
- Business Wire
Redwire Successfully Completes Integration of Hammerhead Spacecraft for Upcoming European Mission
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced today that is has completed the integration of a Hammerhead spacecraft platform for an upcoming European Space Agency (ESA) mission at its facility in Kruibeke, Belgium. The Hammerhead spacecraft will support ESA's Atmospheric Limb Tracker for Investigation of the Upcoming Stratosphere (ALTIUS) mission. Redwire is the prime contractor for ALTIUS. This milestone marks the completion of Hammerhead spacecraft platform integration at Redwire's state-of-the-art satellite processing facility in Belgium. Following platform integration, the satellite will undergo platform system testing and payload integration, marking the completion of the full satellite. Hammerhead is Redwire's highly versatile low Earth orbit spacecraft platform, offering exceptional performance and a track record of outstanding reliability with 50 years of in-orbit performance without spacecraft failure. The ALTIUS satellite also features Redwire's third-generation Advanced Data and Power Management System (ADPMS-3) avionics. 'Redwire's Belgium facility has emerged as a world-class satellite processing facility with a proven track record of building satellites for groundbreaking multinational missions, including ESA's Proba-3 mission,' said Redwire President of Civil and International Space, Mike Gold. 'We are incredibly proud of the team's accomplishment in achieving this milestone, and we look forward to continuing to build on this track record of efficiency and on-time deliveries for ESA in support of a bold new era of European space exploration and development.' Redwire's facility in Belgium has more than 40 years of spaceflight heritage developing spacecraft platforms and success delivering innovative technology for game-changing ESA programs. Most notably, every spacecraft used for ESA's Proba missions (Proba-1, Proba-2, Proba-V, and Proba-3) have been developed and integrated at Redwire's Belgium facility. Leveraging its legacy of innovation and excellence, Redwire continues to manufacture spacecraft for important ESA programs, including Skimsat, a technology demonstrator for a small satellite platform designed to operate in very low Earth orbit. Disclaimer: The views expressed herein can in no way be taken to reflect the official opinion of the European Space Agency. About Redwire Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire's approximately 1,300 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit
Yahoo
an hour ago
- Business
- Yahoo
Is This New Crypto Stock the Best Growth Stock to Buy Today?
Circle Internet Group stock has taken off since going public this month. The company is an issuer of one of the most popular stablecoins in the crypto world, USDC. Circle Internet Group generated strong growth last quarter and even posted a solid profit. 10 stocks we like better than Circle Internet Group › The IPO market is alive and well, and the best example of that is Circle Internet Group (NYSE: CRCL). It's one of the hottest new crypto stocks on the market. It began trading on the New York Stock Exchange earlier this month, and from an initial public offering price of $31, it soared to a value of $133.56 as of June 13. It doesn't hold Bitcoins or other risky digital assets, and it instead gives you a supposedly more stable way to invest in the crypto world. Here's what you need to know about the latest new crypto stock, and whether it's worth adding it to your portfolio today. Unlike meme coins and risky, volatile assets, Circle Internet Group is an issuer of a stablecoin, USDC, which is pegged to the U.S. dollar. That means that by definition, it shouldn't experience a lot of volatility. Finding a stable investment while also investing in crypto is no easy task as often the big allure is to generate a huge profit from a fast-moving asset like Bitcoin. Circle Internet Group, however, could be a more enticing option for risk-averse investors. The company recently launched the Circle Payments Network, which connects the USDC to eligible banks. By providing "near-instant settlement," it can help facilitate transactions all over the world. The company says that interest is growing. "We are seeing growth in start-up banks and neo-banks in many emerging markets focused on providing digital dollar payment and settlement services using USDC and the Circle stablecoin network," the company said in its IPO filing. By having more people use the network and its stablecoin, that can help Circle drive more growth for its business in the long run. Circle generates revenue primarily from the interest it earns on cash it receives in exchange for USDC. Through the first three months of 2025, the company's revenue totaled $578.6 million, which was an increase of 58% from the same period last year. This was largely due to an increase in USDC in circulation, with daily averages rising by 93%. What was most impressive was Circle's bottom line, however. It totaled $64.8 million and was up 33%. With a profit margin north of 11%, this is an investment that looks a lot safer than many other crypto stocks; Circle's financials didn't feature any wild swings in value due to gains or losses on digital assets. The big risk with Circle is that inevitably, everything hinges on the success and popularity of its stablecoin, USDC. At its core, this can still be a volatile business. The most popular stablecoin right now is Tether, which has a market cap of $156 billion, versus $62 billion for USDC. If USDC's popularity suffers, that could pose a big risk to Circle's future growth and profitability. Another risk is that its revenue is vulnerable to changing interest rates. If rates decline, that will negatively impact Circle's financials, as interest rates along with USDC adoption drive its top line. While investors may like the idea of investing into a crypto stock with steady financials and sound operations, generating interest income on USDC funds doesn't exactly scream growth, and it may not be the type of investment that excites crypto investors in the long run. Circle's success depends on the overall popularity of USDC. Without significant and continued increases in adoption, this can quickly become a slow-growing business. Although it's been a hot buy since going public, Circle Internet Group stock may already be a bit of a pricey investment to be hanging on to today as its market cap is at around $37 billion, putting it at a price-to-revenue multiple of more than 19. It has a lot of potential growth ahead, especially as the crypto world grows in size, but there's a lot of competition in this space and although USDC is one of the top stablecoins today, that may not be the case in a few years. Paying such a high premium for the business may not make a lot of sense right now. Circle Internet Group's fundamentals look good, but with many question marks around its long-term future, I wouldn't rush to buy it, especially given how fast it has already rallied. It may be better to take a wait-and-see approach with this investment. Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Is This New Crypto Stock the Best Growth Stock to Buy Today? was originally published by The Motley Fool Error 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
