IHS Towers Signs Agreement to Sell Kuwait Operations to Zain Group

 LONDON & KUWAIT CITY -

(BUSINESS WIRE)--IHS Holding Limited, (NYSE: IHS) (“IHS Towers”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has signed a definitive agreement to sell IHS Towers’ 70% interest in IHS Kuwait Limited (“IHS Kuwait”) including its approximate 1,675 sites and an additional approximately 700 sites managed in Kuwait to Zain Group. The transaction is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the first half of 2025.

The terms of the transaction reflect an enterprise value1 of $230 million for the IHS Kuwait portfolio, implying a transaction multiple of 14.2x based on an estimated IHS Kuwait Adjusted EBITDA after leases2. This represents a significant premium compared to the current valuation multiple of the IHS Towers group.

Entering into this agreement is part of IHS Towers' ongoing strategic review targeted at shareholder value-creation options. As previously indicated, the proceeds will primarily be utilized to reduce company debt.

Sam Darwish, Chairman & CEO, IHS Towers, commented, “Today’s announcement forms part of our wider ambition to drive shareholder value and enhance our balance sheet. The transfer of IHS Kuwait to Zain, the largest mobile network operator in Kuwait, not only highlights the significant value contained within our portfolio but will also allow us to further reduce our net leverage.”

About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count and is solely focused on the emerging markets. The Company has over 40,000 towers across its 10 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Rwanda, South Africa and Zambia. For more information, please email: communications@ihstowers.com or visit: www.ihstowers.com

About Zain Group: Zain is a leading telecommunications operator across the Middle East and Africa, serving 47.2 million active customers as of 30 September 2024. With a commercial presence in 8 countries, Zain provides mobile voice and data services in: Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan and South Sudan. In UAE, ZainTECH, the Group’s one-stop digital and ICT solutions provider, is playing a key role in the transformation of enterprise and government clientele across the MENA region. Also, UAE based, Zain Omantel International (ZOI) is revolutionizing the international telecommunications wholesale landscape as the premier wholesale powerhouse serving regional operators, international carriers, and global hyper scalers. In Morocco, Zain has a 15.5% stake in ‘INWI’, through a joint venture. Zain is listed on the Boursa Kuwait (stock ticker: ZAIN). For more, please email info@zain.com or visit: www.zain.com

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates," “believes,” “estimates,” “forecast,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. You should read this press release and the documents that we reference in this press release with the understanding that our actual future results, performance and achievements may be materially different from what we expect. Further information on such assumptions, risks and uncertainties is available in our filings with the US Securities and Exchange Commission, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2023. We qualify all of our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of the date of this press release. Except as required by applicable law, we do not assume, and expressly disclaim, any obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of any new information, future events or otherwise.

Certain definitions

We define Adjusted EBITDA by segment as income/(loss) for the period, before income tax expense/(benefit), finance costs and income, depreciation and amortization, impairment of withholding tax receivables, impairment of goodwill, business combination transaction costs, impairment of property, plant and equipment, intangible assets excluding goodwill and related prepaid land rent, reversal of provision for decommissioning costs, net (gain)/loss on sale of assets, share-based payment (credit)/expense, insurance claims and certain other items that management believes are not indicative of the core performance of our business.

1 Enterprise value is defined as anticipated cash consideration to be received plus borrowings less cash in the business and stated for a 100% shareholding.

2 Estimated Adjusted EBITDA for the MENA segment for the year ended December 31, 2024, excluding non-Kuwait segment costs of $0.4 million, and reduced by $12 million for incremental lease costs in Kuwait.

 

 

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communications@ihstowers.com

www.ihstowers.com

The LYCRA Company Previews Bio-Derived LYCRA® EcoMade Fiber at ISPO

 WILMINGTON, Del. - Monday, 02. December 2024 AETOSWire 

 

(BUSINESS WIRE)--The LYCRA Company, a global leader in developing innovative and sustainable fiber and technology solutions for the apparel industry, announced today that it is promoting its bio-derived LYCRA® EcoMade fiber at ISPO, December 3 to 5. The company is showcasing samples featuring the renewable elastane in Hall A3, Stand 101, and offering visitors a fully immersive VR experience to learn about the product. It will also be featured in the Sustainability Hub (Hall A2) and is the subject of a presentation.

Bio-derived LYCRA® EcoMade fiber won two ISPO Textrends Awards for Fall/Winter 2026/27. In the fibers and insulation category, this renewable elastane won a “Top 5 Award,” and a garment made with the same fabric was recognized as a “Selection” in the pants & tights category. The Brazilian activewear and swimwear brand LIVE! produced the fabric and leggings using preview samples of this highly anticipated fiber.

Launching in 2025, bio-derived LYCRA® EcoMade fiber will be the world’s first large-scale commercially available renewable elastane. The award-winning product previewed at ISPO contains 70 percent renewable content and is certified under the USDA Bio-Preferred Program. The fiber delivers equivalent performance to the original LYCRA® fiber, and no re-engineering of fabrics, processes, or garment patterns is required.

“We believe bio-derived LYCRA® EcoMade fiber represents an exciting future where we can make real, transformative change in the industry without sacrificing performance,” said Steve Stewart, The LYCRA Company’s chief brand and innovation officer. “We are thrilled to receive this recognition from ISPO and applaud our customer LIVE! for creating the award-winning fabric and garment.”

The LIVE! brand is renowned for its high-quality, sustainable apparel, and its UpFit Capsule Collection includes the ISPO award-winning leggings, Bermuda-length leggings, a top, and a jumpsuit. These garments made with bio-derived LYCRA® EcoMade fiber provide exceptional comfort, fit, and flexibility with the added benefit of being a more sustainable fiber.

“At LIVE!, we believe the future of fashion must balance innovation with environmental responsibility,” said Joice Sens, founder and creative director at LIVE!. “This collection embodies the spirit of LIVE! FUTURE, our sustainable innovation lab, and highlights the importance of partnerships like this one with the LYCRA® brand, enabling us to develop products that combine cutting-edge technology with reduced impact."

Steve Stewart is presenting “All In: The Power of Partnership” on ISPO’s Green Stage on December 4 at 16:00 CET. His presentation details how collaboration has been critical to commercializing bio-derived LYCRA® EcoMade fiber and bringing it to market.

Visit The LYCRA Company’s ISPO Event Page for show information and to discover the range of sustainable solutions fueling its exhibit: COOLMAX® and THERMOLITE® EcoMade fibers made from textile waste, and LYCRA® FiT400™ fiber designed for circularity, are made with the planet in mind. To learn more about bio-derived LYCRA® EcoMade fiber, visit this webpage for product information.

About The LYCRA Company

The LYCRA Company is a leading global fiber and technology solutions provider to the apparel and personal care industries committed to offering sustainable products using renewable, pre-, and post-consumer recycled ingredients that reduce waste and help set the stage for circularity. Headquartered in Wilmington, Delaware, United States, it owns the LYCRA®, LYCRA HyFit®, LYCRA® T400®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX® and TACTEL® brands. The LYCRA Company adds value to its customers’ products by offering unique innovations that meet the consumer’s need for comfort and lasting performance. Learn more at lycra.com.

LYCRA®, COOLMAX® and THERMOLITE® are trademarks of The LYCRA Company.

 

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Izaskun Hernanz

izaskun.hernanz@lycra.com

Raxio Group, Africa's Most Expansive Data Centre Network, Appoints Robert Skjødt as CEO

AMSTERDAM - Monday, 02. December 2024 AETOSWire

(BUSINESS WIRE)--Raxio Group, the data centre provider with the widest footprint across African markets, has appointed Robert Skjødt as Chief Executive Officer. Leveraging his extensive background in management of infrastructure development and operations across Africa, Skjødt will spearhead Raxio's next phase of expansion, planning to at least double the company's presence across the continent within the next three years.

Skjødt brings more than 30 years of experience, with a career that spans leadership roles in major energy, renewables and infrastructure firms worldwide. For the last decade he focused on Africa, where he led the creation of BTE, a pan-African renewable energy company, which was acquired by global energy giant Engie in 2023. Skjødt previously held senior positions at ABB, a global leader in power and automation technologies, where he oversaw complex infrastructure projects and M&A activity across multiple continents.

With a network of state-of-the-art Tier III carrier-neutral data centres in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d'Ivoire, Tanzania and Angola, Raxio is uniquely positioned to meet the growing demand for reliable digital infrastructure in Africa's emerging economies. Under Skjødt's leadership, the company plans to enter additional high-growth markets while increasing its capacity in existing markets to support digital transformation on the continent.

"Our goal is to accelerate Africa's digital growth responsibly," said Robert Skjødt. "By combining Raxio's expertise in data centre development with sustainable energy practices, we can provide essential infrastructure that not only meets the needs of today but also preserves resources for future generations. I'm excited to lead Raxio in expanding our reach and deepening our commitment to environmental stewardship."

Frans Van Schaik, Chairman of Raxio Group, highlighted the strategic significance of Skjødt's appointment. "Robert's proven track record in pioneering infrastructure projects across Africa aligns perfectly with Raxio's vision for growth. His leadership will be pivotal as we scale our operations and enhance our services to meet the evolving needs of our clients," he said.

Raxio's expansion strategy focuses on underserved markets with significant growth potential, and is ideally positioned to respond to growing continental and global needs for data centre capacity while minimising electricity and water usage for power and cooling. By 2027, Raxio plans to establish data centres in at least five additional African countries, more than doubling current capacity and solidifying its position as the continent's leading data centre network. This ambitious growth plan is underpinned by Raxio’s unique track-record of building best-in-class data centres and an uncompromising commitment to customer service, safety and sustainability.

Skjødt, who will join Jan. 1, was appointed following a comprehensive search conducted by executive firm Egon Zehnder, reflecting Raxio's dedication to strategic leadership and continuity. The outgoing CEO, Robert Mullins, transformed Raxio from a single-project venture into a multi-country operation, and will remain an advisor to ensure a seamless transition.

"When we started, our mission was to build one data centre in Uganda," said Mullins. "Today, Raxio stands as the only operator with a presence in seven African countries. I am confident that under Robert Skjødt's leadership, the company will not only expand its footprint and capacity but also set new standards for sustainability and operational excellence in the industry."

Raxio Group's unique approach bridges the digital divide by providing high-quality, reliable infrastructure in markets often overlooked by larger operators. This strategy fosters local economic development and innovation by enabling businesses and institutions to access world-class data centre services.

"As we look to the future, our focus remains on delivering impactful infrastructure that empowers African economic leadership," said Van Schaik. "With Robert Skjødt at the helm, Raxio is poised to lead the way in sustainable data centre development, ensuring that our growth benefits both our clients and the communities we serve."

About Raxio Group

Raxio Group is Africa’s premier provider of Tier III carrier-neutral colocation data centres, offering reliable and scalable infrastructure to support the continent's digital transformation. With facilities in Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d'Ivoire, Tanzania, and Angola, Raxio delivers high-quality services that enable businesses and institutions to thrive in the digital age. Committed to sustainability and innovation, Raxio empowers economic growth across Africa.

 

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Gavin Serkin
gserkin@frontierintelligence.org
+44 7767 252489

South Korean Chungbuk National University to Install First Quantum Computer IQM Spark

  CHEONGJU, South Korea - Monday, 02. December 2024 AETOSWire 

This is the first full-stack quantum computer to be installed at the Chungbuk National University campus.

The university will use the system to drive quantum research and education programming.

IQM will deliver and install the system in the first quarter of 2025. This will also be the first quantum computer from IQM in South Korea, and second in the APAC region.

(BUSINESS WIRE)--Chungbuk National University (CBNU) today announces the purchase of its first quantum computer from IQM Quantum Computers (IQM), a global leader in designing, building, and selling superconducting quantum computers, aimed at driving quantum research and education programming while preparing students for the quantum workforce.

The recent adoption of the quantum computer marks a significant milestone as the first commercial quantum computer to be installed through the Korean government’s official procurement process.

The Chungbuk Quantum Research Center (CBQRC) in CBNU, established with support from the Chungbuk Provincial Government, has been instrumental in facilitating this initiative. Professor Kiwoong Kim, Director of the CBQRC, stated, “We hope that the introduction of this quantum computer will serve as a catalyst for accelerating quantum technology exchange and industrialization between Finland and Korea.”

The installation of the 5-qubit full-stack quantum computer named “IQM Spark” will begin in the first quarter of 2025. This announcement reflects Chungbuk National University and IQM’s shared commitment to support South Korean’s government efforts to promote quantum education and training.

The quantum computer to be deployed at the university’s campus is part of IQM’s global fleet of machines accessible through the cloud and on-site and delivered to customers in the US, France, Germany, Finland, among others.

“Having our on-site first quantum computer in South Korea and second in the APAC region is a significant achievement for us and has several benefits for Chungbuk National University,” said Dr. Mikko Välimäki, Co-CEO at IQM Quantum Computers. “Our system will give the university flexibility and control, while also providing students with practical experience in quantum computing.”

About IQM Quantum Computers:

IQM is a global leader in designing, building, and selling superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers anywhere in the world. IQM customers include the leading high-performance computing centres, research labs, universities and enterprises which have full access to IQM's software and hardware. IQM has over 280 employees with offices in Espoo, Madrid, Munich, Paris, Palo Alto, Singapore and Warsaw.

 

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Email: press@meetiqm.com

Mobile: +358504790845

www.meetiqm.com

Bureau Veritas completes the acquisition of The APP Group, strengthening its Buildings & Infrastructure leadership position in Asia-Pacific

 (BUSINESS WIRE)--Bureau Veritas, a global leader in Testing, Inspection, and Certification services, today announced that it has completed the acquisition of The APP Group, a leading Australian Property and Infrastructure leader, as stated in its communication to the market on November 4th, 2024. The company is headquartered in Sydney and delivered revenues of €87 million in 2023.

This acquisition is in line with Bureau Veritas’ LEAP | 28 strategy to expand leadership in Buildings and Infrastructure, diversifying its portfolio and investing in an attractive regional market. It will strengthen the Group’s Buildings and Infrastructure capabilities by adding significant project management assistance expertise to asset owners, as well as construction management, independent project verification and certification and benefiting from a leverageable regional scale.

“I am delighted to welcome our new colleagues from The APP Group. This is a major step forward in the execution of our LEAP | 28 strategy. The combined expertise of Bureau Veritas and The APP Group is not only strengthening our position in the Australian market but also providing us with a robust and sustainable platform to support B&I services growth in the wider Asia Pacific region,” said Hinda Gharbi, Chief Executive Officer of Bureau Veritas. “Bringing a team of more than 500 employees and access to a pool of over 200 specialist sub-consultants, the integration of The APP Group now establishes our position as a partner of choice to government, infrastructure owners, large corporations and private companies.”

About Bureau Veritas

Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress.

With a vision to be the preferred partner for its customers’ excellence and sustainability, the company innovates to help them navigate change.

Created in 1828, Bureau Veritas’ 83,000 employees deliver services in 140 countries. The company’s technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability.

Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

For more information, visit www.bureauveritas.com, and follow us on LinkedIn.

About The APP Group

The APP Group is a leader in Australian Property and Infrastructure, as a trusted partner, working together with clients and key stakeholders to create possibilities and shape progress for the organizations themselves and the communities they serve. Operating an integrated services model across the full asset capital investment lifecycle in the key sectors: Transport, Property, Social Infrastructure, Modern Methods of Construction, Energy & Utilities and Defense & Security.

The APP Group team provide market leading service solutions, expertise and advice to help tackle Australia’s most complex projects and challenges, backed by a 500 plus-strong nationwide team.

For more information, visit www.app.com.au

Our information is certified with blockchain technology.

Check that this press release is genuine at www.wiztrust.com.

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ANALYST/INVESTOR CONTACTS

Laurent Brunelle

+33 (0)1 55 24 76 09

laurent.brunelle@bureauveritas.com

Colin Verbrugghe

+33 (0)1 55 24 77 80

colin.verbrugghe@bureauveritas.com

Karine Ansart

+33 (0)1 55 24 76 19

karine.ansart@bureauveritas.com

MEDIA CONTACTS

Anette Rey

+33 (0)6 69 79 84 88

anette.rey@bureauveritas.com

Martin Bovo

+33 (0) 6 14 46 79 94

martin.bovo@bureauveritas.com

GE HealthCare to Acquire Remaining 50% Stake in Nihon Medi-Physics (NMP), a Leading Radiopharmaceutical Company in Japan, from Sumitomo Chemical

 GE HealthCare to acquire 50% stake from Sumitomo Chemical to assume full ownership of NMP, subject to regulatory approvals

As part of GE HealthCare, NMP, already a leading radiopharmaceutical company in Japan, will enhance patient access to next-generation radiopharmaceuticals that enable detection and diagnosis of disease

Acquisition positions NMP to become partner of choice for global innovators looking to bring novel radiopharmaceuticals to Japan and other Asian markets

Transaction bolsters GE HealthCare’s Pharmaceutical Diagnostics segment and demonstrates its commitment to shaping the future of Molecular Imaging

 

(BUSINESS WIRE)--GE HealthCare (Nasdaq: GEHC) has agreed to acquire full ownership of Nihon Medi-Physics Co., Ltd (NMP), by purchasing from Sumitomo Chemical (TYO: 4005) the 50% stake it does not already own. As part of GE HealthCare, NMP can build on its expertise developing and manufacturing proprietary and in-licensed radiopharmaceuticals used in single photon emission computed tomography (SPECT) and positron emission tomography (PET) molecular imaging procedures to detect and diagnose disease. Sumitomo and GE HealthCare expect the agreement to close in early 2025, subject to regulatory approvals.

NMP’s product portfolio includes GE HealthCare radiopharmaceuticals used to enable clinical images across neurology, cardiology and oncology procedures, such as its amyloid visualization radiotracer, VIZAMYL® Injection (Flutemetamol (18F) Injection), used in the Alzheimer’s pathway; DaTSCAN® Injection (Ioflupane (¹²³I) injection) used to evaluate patients with suspected Parkinson’s Disease or Dementia with Lewy Bodies; and MYOVIEW® (Technetium (99mTc) Tetrofosmin), used in SPECT myocardial perfusion imaging for the evaluation of known or suspected coronary artery disease. NMP, headquartered in Tokyo, was formed in 1973 and generated revenues of 28.2B JPY (~$183M) in 2023. In addition to 13 manufacturing facilities, NMP also focuses on research and development, including nonclinical and clinical development of radiotracers and theranostics research. GE HealthCare has held its 50% stake in NMP since acquiring Amersham plc in 2004 and holds three positions on its Board of Directors.

Kevin O’Neill, President & CEO of the Pharmaceutical Diagnostics (PDx) segment of GE HealthCare, said: “As the third largest pharmaceutical market in the world1, and amongst the leading countries by number of cyclotrons2, Japan is on a path to becoming a leader in the $7 billion molecular imaging global market and a center of excellence for Asian markets. NMP will play a key role in that journey, including bringing its deep expertise and scale to global innovators looking to bring novel products to the Japan market and beyond. This will strengthen our precision care strategy in Asia and our existing footprint in Japan, where our contrast media and medical devices are used every day to enable imaging procedures across the country.”

Hiroshi Ueda, Executive Vise President, Sumitomo Chemical, said: “We are proud of our 50-year relationship with NMP and our partnership with GE HealthCare to ensure patients in Japan could benefit from access to molecular imaging. At a time of exciting developments in the industry, following its discussions with Sumitomo Chemical, we believe GE HealthCare is the best owner to enable NMP to continue its successful growth journey. I would like to recognize NMP’s leadership and talented team for their significant achievements to date and their commitment to patients.”

As a leading global medical technology and pharmaceutical diagnostics innovator, GE HealthCare provides both molecular imaging equipment and proprietary radiotracers used across major patient care areas. The recent U.S. FDA approval of GE HealthCare’s first-of-its-kind PET radiopharmaceutical, Flyrcado™ (flurpiridaz F 18 injection), its in-licensing of Phase II FAPI assets and broadening theranostics offerings are all examples of the company’s commitment to novel diagnostics that are shaping the future of molecular imaging to drive improved patient outcomes. GE HealthCare’s PDx segment is a global leader in imaging agents used to support over 120 million patient procedures per year globally, equivalent to four patient procedures every second.

The Company expects this transaction to be neutral to Adjusted EPS3,4 in year one and accretive thereafter.

GE HealthCare was advised by Solomon Partners Securities, LLC.

Forward-Looking Statements

This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as “will,” “expect,” “may,” “would,” “could,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “potential,” “position,” “forecast,” “target,” “guidance,” “outlook,” and similar expressions. These forward-looking statements may include, but are not limited to, statements about the transaction, the completion and expected results of the transaction, and GE HealthCare Technologies Inc.’s (the “Company’s”) performance, growth opportunities, and strategy. These forward-looking statements involve risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause the Company’s actual results to differ materially from those described in its forward-looking statements include, but are not limited to, the conditions to the completion of the transaction may not be satisfied; closing of the transaction may not occur or may be delayed; the Company may be unable to achieve the anticipated benefits of the transaction; operating costs and business disruptions (including, without limitation, difficulties in maintaining relationships with employees, customers, and suppliers) may be greater than expected; the Company may assume unexpected risks and liabilities; and completing the transaction may distract the Company’s management from other important matters. Other factors that may cause such a difference also include those discussed in the "Risk Factors" section of the Company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission and any updates or amendments it makes in future filings. There may be other factors not presently known to the Company or which it currently considers to be immaterial that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements the Company makes. The Company does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.

About GE HealthCare Technologies Inc.

GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 125 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Advanced Visualization Solutions, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with approximately 51,000 colleagues working to create a world where healthcare has no limits.

Follow us on LinkedIn, X, Facebook, Instagram, and Insights for the latest news, or visit our website https://www.gehealthcare.com for more information.

1 https://www.trade.gov/country-commercial-guides/japan-pharmaceuticals, accessed on October 29, 2024

2 https://nucleus.iaea.org/sites/accelerators/Pages/Cyclotron.aspx, accessed on October 29, 2024

3 See our latest earnings release dated October 30, 2024 for the definition of Adjusted EPS.

4 Non-GAAP financial measure

 

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Contacts

 

GE HealthCare Media Contact:

David Morris

M +44 7920 591370

david.j.morris@gehealthcare.com

Mathilde Bouscaillou

M +33 647 008271

mathilde.bouscaillou@gehealthcare.com

 

NetApp Announces Integrated Solution with AWS Outposts for Hybrid Cloud Deployments

SAN JOSE, Calif. - Monday, 02. December 2024

New integration simplifies the use of NetApp block storage with AWS Outposts

 

(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced NetApp on-premises enterprise storage arrays for AWS Outposts, a new integrated solution allowing AWS Outposts customers to simplify the use of external block data volumes running on NetApp on-premises enterprise storage arrays in AWS Outposts deployments directly through the Amazon Web Services (AWS) Management Console. AWS Outposts is a family of fully managed solutions delivering AWS infrastructure and services to virtually any on-premises or edge location for a truly consistent hybrid experience. This solution simplifies hybrid cloud deployments by combining NetApp’s unified data storage and intelligent services with powerful cloud infrastructure offered by AWS Outposts, helping customers optimize cloud deployments on-premises and at the edge.

“Whether customers are looking to use hybrid cloud infrastructure to increase resiliency or improve compliance, leveraging NetApp storage in AWS Outposts can help customers run applications securely and efficiently at the edge,” said Jonsi Stefansson, Senior Vice President and Chief Technology Officer at NetApp. “This solution makes it simpler for customers to leverage NetApp intelligent data infrastructure to manage their data in AWS Outposts deployments. By automating volume attachments, IT teams can now tap into the efficiency and power of NetApp on-premises storage arrays to power critical workloads.”

Customers with Outpost servers or racks can now use the AWS Management Console to simplify the use of external block data volumes for enterprise applications and database workloads running on Outposts and NetApp on-premises enterprise storage arrays. Customer benefits include:

Simplified User Experience: With this solution, customers can attach block data volumes backed by NetApp on-premises enterprise storage arrays to Amazon Elastic Compute Cloud (Amazon EC2) instances on Outposts directly from the AWS Management Console. This simplifies the user experience by automating volume attachments.

Resilient and Optimized Infrastructure: The solution allows customers to use the capabilities of NetApp’s intelligent data infrastructure such as NetApp SnapMirror® and NetApp Snapshot™ while tapping into the storage efficiencies in Outpost deployments for a resilient, compliant, and optimized infrastructure.

Seamless Hybrid Cloud: By leveraging NetApp’s unified approach to data storage, AWS Outposts users will have a seamless and certified hybrid cloud experience that uses industry-leading tools and services to manage and protect their data in Outposts deployments, AWS Local Zones deployments using Cloud Volumes ONTAP®, the rest of their own data centers, and the cloud when using services such as Amazon FSx for NetApp ONTAP.

Additionally, Spot by NetApp is releasing new capabilities for its automated infrastructure optimization solution for containers and Kubernetes, Spot Ocean. As organizations scale their cloud Kubernetes operations to meet increasing application workload demands, they need a solution that helps them optimize their infrastructure while controlling costs. The new capabilities in Spot Ocean help organizations achieve those goals with a new fast-response auto-scaler that ensures clusters have the infrastructure to meet workload requirements, a dynamic commitment utilization process that uses available resources before provisioning on-demand or preemptive instances, and a new dashboard that provides more visibility and insights into cost optimization efforts and infrastructure efficiency.

To explore these new capabilities and learn how NetApp can enhance your AWS environment, visit the NetApp booth #1748 at AWS re:Invent in Las Vegas from December 2-6, 2024.

Additional Resources

AWS Outposts

NetApp Storage Integration with AWS Outposts

Continuous Infrastructure Optimization—A Cornerstone to a Successful FinOps Strategy

About NetApp

NetApp is the intelligent data infrastructure company, combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, harnessing observability and AI to enable the industry’s best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility. In addition, our data services create a data advantage through superior cyber resilience, governance, and application agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload, or environment, with NetApp you can transform your data infrastructure to realize your business possibilities. Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

 

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