SAN DIEGO, Jan. 12, 2021 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that Elekta has awarded it a contract for Federal Risk and Authorization Management (FedRAMP) advisory services. Kratos will support the development of a security authorization package for Elekta’s ProKnow Software-as-a-Service (SaaS) offering. For almost five decades, Elekta has been a leader in precision radiation medicine, with Elekta’s more than 4,000 employees worldwide committed to ensuring that everyone with cancer in the world has access to – and benefits from – more precise, personalized radiotherapy treatments.
FedRAMP is a U.S. government-wide certification program designed to ensure consistent security and compliance across federal agencies and to streamline approval and procurement processes. All Communications Service Providers (CSPs), such as Elekta, must meet rigorous government-mandated security requirements to be FedRAMP certified as a prerequisite to conducting business with any agency or department of the federal government.
Under this award Kratos will complete a compliant FedRAMP security authorization package that can be leveraged for the independent Third Party Assessment Organization (3PAO) audit for that offering, which should ultimately lead to obtaining an Authority to Operate (ATO) from the federal government.
This task will include guiding Elekta through the FedRAMP process, working closely with key Elekta security personnel to ensure that FedRAMP security requirements are implemented and authoring audit defensible documentation to support the FedRAMP security authorization. Through the expertise of Kratos’ experienced FedRAMP professionals, Elekta will ultimately be able to demonstrate a wholistic and mature approach to securing federal data within the ProKnow Cloud Service Offering and provide assurances that the confidentiality, integrity and availability of customer data is protected.
As Mark Williams, Vice President, Kratos Cybersecurity Services explained: “The ProKnow cloud-based retrieval and storage software features interactive viewers and big data analytics specifically designed for the radiation therapy workflow. Elekta’s subscription-based Platform-as-a-Service (PaaS) solution optimizes performance and scaling to meet the needs of all cancer clinics regardless of size, complexity or IT prowess. Kratos’ advisory services will facilitate Elekta’s FedRAMP’s assessment stage prior to receiving its Authorization to Operate (ATO) from the federal government.”
Kratos Cybersecurity Services
Kratos Cybersecurity Services has deep experience in security, compliance, government certification and in advising commercial organizations and government agencies on standards requirements. These include the Cybersecurity Maturity Model Certification (CMMC), for which Kratos was recently accredited as a CMMC Third Party Assessment Organization (C3PAO), Federal Risk and Authorization Management Program (FedRAMP), Federal Information Security Management Act (FISMA), and National Institute of Standards & Technology (NIST)/Risk Management Framework (RMF). As a leading FedRAMP Advisor and (3PAO), Kratos provides comprehensive solutions, including compliance, continuous monitoring, cloud security, and risk management.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 29, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Dassault Aviation: Total number of shares and voting rights – 31 03 21
French corporation (société anonyme) with a share capital of 66,789,624 euros
Headquarters: 9, Rond-Point des Champs-Elysées Marcel Dassault – 75008 PARIS
RCS PARIS 712 042 456
Information concerning the total number of voting rights and shares as per article L. 233-8 II of the French Commercial Code (Code de commerce) and article 223-16 of the General Regulations (Règlement Général) of the French Market Authority (Autorité des Marchés Financiers)
Total number of shares
Total number of voting rights
Theoretical voting rights:
Exercisable voting rights:
Dassault Aviation : Nombre total actions et droits de vote au 31 03 21
Société anonyme au capital de 66 789 624 euros
Siège social : 9, Rond-Point des Champs-Elysées Marcel Dassault
RCS PARIS 712 042 456
Informations relatives au nombre total de droits de vote et d’actions prévues par les articles L. 233-8 II du Code de commerce et 223-16 du Règlement Général de l’Autorité des Marchés Financiers
Nombre total d’actions composant le capital
Nombre total de droits de vote
|31/03/2021||8 348 703||
Nombre de droits de vote théoriques :
Nombre de droits de vote exerçables :
Xeriant Signs Joint Venture with Movychem
BOCA RATON, Fla., April 01, 2021 (GLOBE NEWSWIRE) — Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that its Czech Republic affiliate, Xeriant Europe s.r.o., has entered into a joint venture with Movychem s.r.o. (“Movychem”), a 27-year-old chemical company based in Slovakia, primarily to further develop applications and new markets for its breakthrough “green” fire retardant and fire resistant products under the brand name Retacell. Under the agreement, Xeriant Europe has a 50 percent stake in Movychem Holdings s.r.o., which will hold all intellectual property rights and patents, as well as exclusivity for distribution of Movychem products in the U.S. market.
“The Movychem JV is consistent with our strategy to acquire technologies that advance sustainability and safety in aerospace and can produce near-term revenue. Many of these innovations have applications in other industries. The new electric aircraft being developed will need to be optimized for aerodynamics and lightweighting, as well as safety, and Movychem’s Retacell has the potential to play a critical role in this mission,” stated Keith Duffy, CEO of Xeriant Aerospace.
Retacell is a breakthrough eco-friendly fire and thermal protection technology that is biodegradable and non-toxic, and can be infused into a variety of plastics, foams, sealants, fillers, adhesives and coatings, as well as textiles and wood-derived products. Movychem is in the process of initiating testing on Retacell treated plastics, textiles, wood-derived materials and carbon fiber. The number of potential applications is almost unlimited in the transportation and construction industries.
The breakthrough thermal and fire protection properties of Retacell could have broad implications in aerospace for the engine, wiring, structural and interior components of flight vehicles, including the insulation of batteries utilized in electric aircraft propulsion systems. Movychem initially plans to test Retacell on the thermoplastics and foams used in aircraft cabin interiors, for floors, ceilings, wall panels and seats. To achieve certification, Movychem plans to work with aircraft materials suppliers, component manufacturers and major airframe manufacturers to produce the safest and most durable materials, with the goal of exceeding all fire, smoke and toxicity requirements according to Federal Aviation Regulations.
“We invested nearly 20 years of R&D in Retacell to make this one of most important advancements in fire and heat protection. Our product is more cost-effective and safer for the environment than competing technologies, and there is greater application flexibility. Teaming up with Xeriant will best position our efforts to not only enter the U.S. market, but to compete for a piece of the global vehicle interiors markets, including aircraft and automobiles, as well as construction materials,” commented JUDr. Lubos Nemecek, Managing Member of Movychem.
About Movychem s.r.o.
Founded in 1993, Movychem s.r.o. (“Movychem”), the creator of Retacell, is a chemical manufacturing company that develops and distributes specialty materials, primarily in Central Europe. Their product line includes sealants, adhesives, fillers, additives, colorants, paints, coatings, fire retardants, and waterproofing materials for a variety of industries and applications. In 2001, Movychem began its research, development and testing of its fire and thermal protection technologies, called Retacell, which led to several global patents. Until 2019, the company was not engaged in the marketing and distribution of Retacell, because its focus was on R&D, testing and certification.
About Xeriant Europe
Xeriant Europe s.r.o., headquartered in Prague, Czech Republic, was founded with the purpose of identifying leading-edge green technologies with applications in aerospace, primarily from the Czech Republic, and promoting them on the world market, especially in the U.S. The company’s focus is on unique products that are either already being sold or are close to commercialization.
Xeriant, Inc. (d.b.a. Xeriant Aerospace) is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. The Company is an OTC Markets public company trading under the stock symbol, XERI.
For more information, please go to www.xeriant.com
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
XERIANT, INC. CORPORATE
DELTA DRONE – FY 2020: in accordance with the strategic plan, EBITDA is close to break-even in the second half of the year
FY 2020: in accordance with the strategic plan,
EBITDA is close to break-even in the second half of the year
March 31, 2021 to 6 PM.
- Excluding non-recurring expenses, EBITDA was close to break-even in the second half of the year (negative of 0.65 million euros).
- The volume of activity for the year (revenues) was stable at almost 17 million euros, despite a turnover impacted by billing deferrals related to the health crisis and taking into account 3.8 million euros of sales sold during the year.
- The backlog (signed contracts) is close to 25 million euros.
- At the end of 2020, the group’s financial structure is solid, with 12.6 million euros of equity, net cash of 4.7 million euros and limited financial indebtedness of 1.7 million euros.
|In K€||FY 2019||2020|
|S1 2020||S2 2020||FY 2020|
|a||b||a + b|
|Turnover||15 987||6 885||6 532||13 417|
|Inventoried products||-1||0||1 573||1 573|
|Capitalised production||569||1 019||853||1 872|
|GROSS PROFIT||16 555||7 904||8 958||16 862|
|Purchases of goods and raw materials consumed||3 208||1 312||2 469||3 781|
|Other external purchases and expenses||4 844||2 145||2 378||4 523|
|ADDED VALUE||8 503||4 447||4 111||8 558|
|Other income and expenses (net)||567||-172||43||-129|
|Staff costs||13 985||6 373||6 353||12 726|
|Gross operating income (1)||-4 915||-2 098||-2 199||-4 297|
|Non-recurring expenses (strategic impact plan)*||1 500||1 167||1 548||2 715|
|EBITDA – OPERATING RESULT BEFORE DAP**||-3 415||-930||-652||-1 582|
|Depreciation and amortization and provisions (2)||1 995||853||626||1 479|
|OPERATING RESULTS (1) – (2)||-6 909||-2 950||-2 826||-5 777|
|Exceptional result||-1 356||-51||-2 042||-2 093|
|Amortization of goodwill||1 670||920||860||1 780|
|CONSOLIDATED NET INCOME||-10 081||-4 403||-6 459||-10 862|
|SHAREHOLDERS EQUITY||9 734||8 758||12 571|
|NET CASH||1 817||2 158||4 731|
* Non-recurring operating expenses are those identified in the year corresponding to the activities sold and discontinued, as well as the staff costs of employees who have left and not replaced.
** DAP: Depreciation and amortization allowances and provisions
Improved operational performance:
The inventoried products, essentially 20 automatic ISS Spotter systems, have been marketed or are in the process of being marketed. The shipment and installation of several of these systems had to be delayed due to the health crisis.
The Countbot inventory solution represents the majority of the capitalised production and will allow the development and deployment of the solution in the context of service missions, as soon as the general context is more favourable.
Purchases of goods and raw materials consumed:
For the past two years, it was the launch of industrial production in the first pre-series of professional solutions.
Other external purchases and expenses:
The drop of 300K euros between 2019 and 2020 is a direct result of the management efforts carried out under the 2020-2021 plan.
The cost reduction of 1.2 million euros also proves the efforts made to follow the plan. It resolutly contributes to the objective of achieving a fixed level of expenses in line with a profitable operation, without jeopardizing the Group’s development. Indeed, the staff out of the workforce corresponds to a rationalization of the organization more in line with the Activities of the Group.
The sale and discontinuation of several activities and entities that have become non-strategic and structurally loss-making explain the importance of the level reached in 2020. The complete disappearance of these expenses as early as the 2021 financial year will contribute decisively to the objective of reaching the break-even point for the Group.
The financial result increased from a positive balance of 513K euros in 2019 to a deficit of 583K euros in 2020, a deterioration of 1.1 million euros. These movements and their balance are always mostly registered with no impact on cash flow and in connection with the in-depth reorganization of the Group’s organization chart.
The exceptional result was strongly negative at 2.1 million euros. In particular, it corresponds to costs related to the operations of discontinuation of activities and disposal of entities, in connection with the effects also observed in terms of the financial result.
Equity and related assets:
Thanks to the financing program set up with the investment fund Yorkville Advisors, the Group can continue to pursue its development program with serenity, while securing its financial structure. This strategic choice is reinforced over the months, as the outcome of the health crisis remains uncertain, especially in terms of its inevitable economic consequences, while limiting indebtedness to institutional financial partners whose excessive and uncontrolled recourse would necessarily lead to a dangerous development in the coming years.
As of March 19, 2021, net cash amounted to 3.1 million euros.
Nb. The Group’s detailed accounts are available in French and English on the Group’s website (www.deltadrone.com).
Continuation of the 2020-2021 strategic plan:
It should be recalled in the preamble that the Group’s management is part of the 2020-2021 plan, the three main areas of which are a consolidated turnover of 30 million euros, a positive operating profitability equal to 10% of turnover and 30% of the activity carried out outside France.
The implementation of this plan is based on an organisation in two areas of activity, professional solutions and associated services, on the other hand on dynamic international development, mainly in Africa and Oceania. It requires sufficient financial resources to be carried out because it requires significant investments, both in terms of research and development, and industrialization, as well as in the resources needed for commercial development.
In terms of systems designed and manufactured, it is important to be particularly vigilant at a time when a “new world order” is emerging in the sector of civilian drones for professional use, gradually excluding any components of Chinese origin. Historically, Delta Drone has always chosen proprietary designs by using “on-shelf” components from Asia in a very marginal way. On the other hand, this evolution is likely to turn the tables on many players in the sector, often simple assemblers from purchased technologies.
Finally, it should be stressed that the strategy developed by the Group also relies on taking a stake in companies in the international drone ecosystem, so as to enable Delta Drone to have privileged relationships with innovative companies whose activities are in synergy with its own technical and commercial developments.
In the final analysis, the weight of the health crisis and the related uncertainties, especially over its duration, make it very difficult to project on the future.
The three major axes described in the 2020-2021 plan remain achievable, obviously more random. In this context, the Group continues to focus on achieving a profitability situation. The figures for fiscal year 2020, and even more so in the second half of the year, are encouraging in this regard and put us on the right track.
About Delta Drone: Delta Drone Group is a recognized international player in the civil drone industry for professional use. It develops a range of professional solutions based on drone technology as well as all associated services that form a complete value chain.
Delta Drone shares are listed on the Euronext Growth Paris market – ISIN Code: FR0011522168
Also listed on Euronext Growth of BSA Y – Code ISIN: FR 0013400991
Investor Contacts: Press Contact:
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