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Tag: GE

  • Vietnam’s Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets

    Vietnam’s Bamboo Airways to sign $2 bln deal with GE for engines on Boeing jets

    Vietnam’s Bamboo Airways will sign a deal valued at nearly $2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday.

    The GEnx engines, due to be delivered in 2022, will be used on the airline’s wide-body Dreamliner fleet to operate planned non-stop routes between Vietnam and the United States, the company said.

    “This new signing agreement will be an important milestone for the airline to expand its transcontinental flight network, connecting Vietnam with medium- and long-range markets,” the statement said.

    The airline said it will open a representative office in the United States and sign agreements with San Francisco International Airport and Los Angeles International Airport this week, paving the way for its first test of a non-stop flight between the countries on Thursday.

    Bamboo said it aims to finalise procedures for non-stop commercial flights to the United Sates early next year, pending government approvals.

    Bamboo said it is also seeking to expand its international flight network and open more routes to Australia, the United Kingdom and Germany, using its Boeing 787-9 Dreamliner aircraft.

  • Shopify revenues grow 90 per cent

    Shopify revenues grow 90 per cent

    Shopify, the cloud-based, multi-channel platform designed for small and medium-sized businesses, has reported a 90 per cent increase in revenues for 2016.

    GMV rose 99 per cent to US$15.4 billion, figures which “speak to the enormous opportunity in retail right now and our strategic position within it,” according to CFO Russ Jones.

    Total revenue for the full year reached $389.3 million, compared with $205.2 million in 2015. Within this, subscription solutions revenue grew 68 per cent to $188.6 million and merchant solutions revenue grew 115 per cent to $200.7 million.

    But it still recorded a net loss of $35.4 million, almost double the $18.8 million of 2015.

    Merchants can use Shopify software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and physical retail locations. Shopify powers 377,500 merchants in some 175 countries. Its clients include Tesla, Nestle, GE, Red Bull and Kylie Cosmetics.

    “Our work at Shopify is to help entrepreneurs thrive in a space that’s changing all the time, and we did our job especially well this past holiday season,” stated Tobi Lütke, founder and CEO of Shopify. “That eight of our 10 top sellers over the Black Friday Cyber Monday weekend were merchants that had upgraded from lower-priced plans reminds us that today’s startups become tomorrow’s superstars, at a velocity that appears to be increasing all the time. As the engine powering the growth of these merchants, Shopify has an opportunity that stretches years into the future.”

    For the full year 2017, Shopify currently expects revenues in the range of $580 million to $600 million and an operating loss in the range of $73 million to $77 million.

  • GE’s Intelligent LEDs: How Light Makes the Future “Bright”

    GE’s Intelligent LEDs: How Light Makes the Future “Bright”

    No longer is lighting reserved for illumination alone. GE is connecting energy-saving LEDs with state-of-the-art software, unleashing a whole new potential for how we light and think about our world. The company recently announced several collaborations to enable intelligent cities, buildings and homes.

    “We’re in a whole new era where lighting harnesses the power of big data to create additional value streams for our customers,” said Henry Eng, President & CEO, GE Lighting Asia. “We’re giving lighting the ability to listen, learn and see, delivering innovative LED solutions customized to our customers’ unique needs.”

    Among GE Lighting’s latest intelligent innovations:

    Intelligent Buildings

    GE recently announced a collaboration with Qualcomm Atheros to bring indoor positioning technology — a form of Visible Light Communication (VLC ) — to major retailers. This collaboration allows LED bulbs and fixtures to “talk” to shoppers’ smartphones and tablets though unique lighting pulse patterns, delivering indoor navigation/mapping, product information and special offers or coupons for nearby products.

    “Today’s consumers want a customized experience — from the news they read, to the games they play, to the products they buy, they expect technology-driven personalization,” said Jeff Bisberg, Global General Manager, Indoor Location, GE Lighting. “Working with Qualcomm Atheros, GE is harnessing the power of our commercial LED lighting to give retailers the opportunity to create an enhanced experience for shoppers securely, while respecting their privacy.”

    Beyond the retail industry, lighting-based indoor positioning systems also could see application in airports, hotels, hospitals and many other environments where it is beneficial to know one’s exact location.

    Intelligent Cities

    From high street lighting costs to traffic congestion, parking allotments and emergency response, cities across the world juggle a variety of challenges. By repurposing street lights with LEDs containing sensors, controls, wireless transmitters and microprocessors, cities will be able to create new opportunities for reducing cost, optimizing their operations and creating value-added services for residents, making their cities even more livable and workable.

    Cities on both U.S. coasts — San Diego, Calif. and Jacksonville, Fla. — are the first to pilot GE’s Intelligent Environments for Cities solution, which uses LED street lighting installations to connect, collect and analyze data being generated, helping cities run more efficiently and providing new services and conveniences for residents and visitors.

    The potential opportunities for this solution are truly endless. For instance, parking downtown may be a pain, but not in the intelligent city of the future. Networked LED street lights will have the ability to direct drivers to available spaces with the help of built-in sensors and wireless transceivers. The same streetlight could serve as a sensor and give warnings in the event of a hurricane or other event through a public-address speaker concealed within the light post. In another scenario, microprocessors and other sensors could work together to give emergency responders real-time views of an area as they are responding to an emergency call before they even arrive on scene.

    These features are examples of what could be driven through this solution in the future.

    GE Intelligent Cities solution
    Intelligent Homes

    Affordable, connected solutions are even making it possible for people to manage the lighting in their homes from anywhere in the world, allowing dimming and scheduling, such as automating lights to turn on when you wake up, turn off when you leave or dim when bedtime approaches.

    In time, bulbs could even be “taught” to respond to an individual’s presence or a change in light level thanks to learning algorithms that record and recall personal preferences. The fact is lighting is just one aspect of the future connected home, where appliances such as washers, dryers, ranges and refrigerators all function from a single, unified hub.

    Wash the dishes, start the dryer and dim the lights all from the comfort of your couch? Well, why not!
    The power of the Industrial Internet is fast evolving the lighting industry. Thanks to smaller sensors, smarter processors — and big imaginations — the years ahead promise an unprecedented shift in the role lighting plays in our lives. We won’t know it at first, but when parking’s a cinch and shopping’s done in a snap, and we return to our lit homes, then we’ll feel light’s touch all around us, connecting us all in new ways.

    GE Lighting

    GE Lighting is changing the way people light and think about their world in commercial, industrial, municipal and residential settings. Light brightens our path to a better way of being. Today, light is intelligent. Light listens, learns and sees. GE. Where Light Is Bright. www.gelighting.com.