NASA launches Parker Solar Probe to the Sun

NASA´s Parker Solar Probe launched from Cape Canaveral Air Force Station in Florida on August 12 to the Sun where it will undertake a landmark mission to understand the star that makes life on Earth possible, the company said.

Parker Solar Probe is humanity´s first-ever mission into a part of the Sun´s atmosphere called the corona. Here it will directly explore solar processes that are key to understanding and forecasting space weather events that can impact life on Earth.

The probe will transmit its first science observations in December.

The spacecraft lifted off at 3:31 a.m. EDT on a United Launch Alliance Delta IV Heavy rocket from Space Launch Complex-37 at Cape Canaveral Air Force Station. At 5:33 a.m., the mission operations manager reported that the spacecraft was healthy and operating normally.

The mission´s findings will help researchers improve their forecasts of space weather events, which have the potential to damage satellites and harm astronauts on orbit, disrupt radio communications and, at their most severe, overwhelm power grids.

Throughout its seven-year mission, Parker Solar Probe will make six more Venus flybys and 24 total passes by the Sun, journeying steadily closer to the Sun until it makes its closest approach at 3.8 million miles. At this point, the probe will be moving at roughly 430,000 miles per hour, setting the record for the fastest-moving object made by humanity.

Parker Solar Probe is part of NASA´s Living with a Star program to explore aspects of the Sun-Earth system that directly affect life and society. The Living with a Star program is managed by the agency´s Goddard Space Flight Center in Greenbelt, Maryland, for NASA´s Science Mission Directorate in Washington. APL designed and built, and operates the spacecraft.

Asiana Airlines selects Triumph to provide thrust reverser MRO services

Triumph Aviation Services Asia, Ltd. has announced it has been selected by Asiana Airlines Inc. to provide CF6-80C2 thrust reverser maintenance support and services for its fleet of Boeing 747-400 and 767-300, the company said.

Triumph Aviation Services Asia is an operating company of Triumph Product Support.

Under the new agreement, the Chonburi, Thailand-based Triumph facility will provide full maintenance and engineering capability, supply chain management and asset management support under an Integrate-Capability-Enhanced Program (ICEP).

Triumph Aviation Services Asia, a subsidiary of Triumph Group, Inc. (NYSE: TGI), repairs and overhauls a wide range of complex aircraft structures and components such as engine nacelles, flight control surfaces and various aircraft accessories.

Asiana Airlines is one of South Korea´s two major premium airlines and has operated commercial flights out of Incheon Seoul Korea International Airport since 1988. Asiana offers 76 international passenger routes to 63 destinations in 21 countries and 23 cargo routes to 26 cities in 11 counties. The airline operates cutting-edge fleet with in-flight connectivity to popular destinations including Hanoi, Los Angeles, San Francisco, Seattle and London.

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, and systems.

Mavenir brings Cloud RAN, vEPC to India and South Asia

Mavenir is focused on redefining mobile network economics for Communication Service Providers (CSPs) as they transition to the next generation of networks and introducing new business models in India and South Asia, key telecom growth markets, the company said.

Leveraging successes and momentum in other regions, and bringing cost reduction solutions like Cloud RAN and vEPC and revenue generation solutions like IMS Core and RCS/MaaP, Mavenir is ideally placed as a vendor of choice.

In this regard, Mavenir is announcing that Sanjay Bakaya has been appointed as the Regional Vice President for India/South Asia region.

Mavenir has over 1300 people in India/South Asia region with offices in Bengaluru, Mumbai and Gurugram with plans to further expand its R&D Center at Bengaluru.

Mavenir is purpose-built to redefine mobile network economics for Communication Service Providers (CSPs). Its innovative solutions pave the way to 5G with 100% software-based, end-to-end, Cloud Native network solutions. Leveraging industry-leading firsts in VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, vEPC and Cloud RAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 130 countries, serving over 50% of the world´s subscribers.

Mesa Air closes IPO

Mesa Air Group, Inc. has announced the closing of its initial public offering of 9,630,000 shares of its common stock, at a public offering price of USD 12.00 per share, raising gross proceeds of USD 115,560,000, the company said.

Mesa said it intends to use the net proceeds from the offering received by it to repay certain outstanding indebtedness, to pay fees and expenses related to the offering and for general corporate purposes. The Company will not receive any proceeds from the offering of the common stock by the selling shareholders.

Raymond James and BofA Merrill Lynch are acting as lead book-running managers for the offering. Cowen, Stifel and Imperial Capital are acting as additional book-running managers for the offering.

Mesa Air Group, Inc. is a regional air carrier providing scheduled passenger service to 110 cities in 38 states, the District of Columbia, Canada, Mexico, Cuba and the Bahamas. As of March 31, 2018, Mesa operated a fleet of 145 aircraft with approximately 610 daily departures.

PCTEL reports USD 21.6m in Q2 revenue

PCTEL, Inc. (Nasdaq: PCTI), a provider of Performance Critical TELecom solutions, announced its results for the second quarter ended June 30, 2018, the company said.

Revenue of USD 21.6 million in the second quarter and USD 43.3 million in the first half, unchanged in the quarter and down 3% in the first half compared to last year.

Connected Solutions revenue was up 4% in the quarter and 3% in the half. RF Solutions revenue was down 11% in the quarter and 22% in the half.

Gross profit margin of 36.1% in the second quarter and 36.2% in the first half, down 560 basis points in the quarter and 520 basis points in the half compared to last year. The two primary reasons for the decrease are lower revenue in the RF Solutions segment which has higher margin from its scanner products compared to antenna products, and price erosion in the small cell antenna market.

Net loss per share of USD 0.07 in the second quarter and USD 0.12 in the first half, compared to a net loss of USD 0.01 per share in the quarter and break even in the half last year.

PCTEL, Inc. provides Performance Critical TELecom technology solutions. For more information, visit https://www.pctel.com/.

Solo aviator to christen Goodyear's Wingfoot Three blimp

The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced aviator Shaesta Waiz, the youngest woman to fly solo around the world in a single-engine aircraft, will christen Wingfoot Three, the newest addition to its fleet of Goodyear blimps, the company said.

Waiz traveled more than 24,000 nautical miles on her record-breaking flight between May 13 — October 4, 2017. Along the way, the 30-year-old Afghan-American pilot visited 22 countries and promoted STEM education at outreach events for more than 3,000 girls and boys. Waiz continues advocating for STEM education through her nonprofit organization, Dreams Soar, Inc.

Since 1917, Goodyear has built more than 300 lighter-than-air vehicles for public relations and defense applications, many built at the Wingfoot Lake Hangar in Suffield, Ohio.

Goodyear has recognized noteworthy women for nearly a century through the tradition of christening Goodyear blimps. Celebrated aviator Amelia Earhart (1929), astronaut Dr. Sally Ride (2000) and “Good Morning America” host Robin Roberts (2014) are among those who have christened a Goodyear blimp. Akron native Savannah James served as the most recent christener of Wingfoot Two in 2016.

Goodyear is one of the world´s largest tire companies. It employs about 64,000 people and manufactures its products in 48 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

Cincinnati Bell brings free public Wi-Fi to Levitt Pavilion

Cincinnati Bell and Levitt Pavilion Dayton are announcing a partnership in which Cincinnati Bell will provide free public Wi-Fi for concertgoers over the next three years, the company said.

The Wi-Fi network was available for the opening of Levitt Pavilion´s season on Aug. 9, which featured a performance from Gina Chavez. Levitt Pavilion´s season goes through Oct. 7. Concerts will run Thursday-Sunday every week of the season.

With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed Internet, video, voice and data. For more information, visit www.cincinnatibell.com.

Chairman elected for CA Technologies board of directors

CA Technologies (NASDAQ: CA) has announced that CEO Mike Gregoire has been elected as chairman of its board of directors, the company said.

Former chairman Art Weinbach retired from the board of directors, during the CA Technologies 2018 annual meeting of stockholders.

The CA board of directors also designated Rohit Kapoor to serve as the lead independent director of the board of directors.

As previously announced, on July 11, 2018, CA Technologies entered into a definitive agreement to be acquired by Broadcom Inc. Subject to customary closing conditions, the transaction is expected to close in the fourth calendar quarter of 2018.

CA Technologies (NASDAQ:CA) creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. From planning, to development, to management and security, CA is working with companies worldwide to change the way we live, transact, and communicate — across mobile, private and public cloud, distributed and mainframe environments. Learn more at www.ca.com.

Air T reports 28% increase in Q1 2019 revenue

Air T, Inc. (NASDAQ: AIRT) has reported in the first quarter of fiscal year 2019, revenues rose to USD 60.9 million, a 28% increase over the prior year´s comparable quarter, the company said.

Operating income increased to USD 2.6 million, as compared to the prior quarter´s operating income of USD 2.2 million.

Non-cash bargain purchase gain of USD 2.0 million in the first quarter of fiscal 2019 versus non-cash bargain purchase gain of USD 0.5 million in the same quarter of the prior year

Net income attributable to Air T stockholders increased to USD 2.8 million, as compared to net income of USD 1 million in the first quarter 2018, with the increase primarily due to the USD 2.0 million non-cash bargain purchase gain recognized as part of the acquisition of the assets of Worthington Aviation

Diluted earnings per share increased to USD 1.38 compared to prior comparable quarter´s USD 0.47.

Air T, Inc.is organized as a powerful portfolio of businesses and financial assets, each of which is independent yet interrelated. These include overnight air cargo operations, ground support equipment manufacturing and local maintenance services, and commercial aircraft asset management and logistics.

Cable ONE reports Q2 2018 results

Cable One, Inc. (NYSE: CABO) has reported financial and operating results for the quarter ended June 30, 2018, the company said.

Net income was USD 43.8 million in the second quarter of 2018, an increase of 57.2% year-over-year. Adjusted EBITDA(1) was USD 127.1 million, an increase of 12.2% year-over-year. Net profit margin was 16.3% and Adjusted EBITDA margin(1) was 47.4%.

Net income and Adjusted EBITDA results for the second quarter of 2018 include a full quarter of NewWave Communications (“NewWave”) operations, while the comparable results for the second quarter of 2017 include only two months of NewWave operations. Excluding the contributions from NewWave operations, net income would have increased 57.1% year-over-year to USD 40.5 million and Adjusted EBITDA would have increased 6.2% to USD 108.4 million year-over-year. In addition, net profit margin would have been 18.4% and Adjusted EBITDA margin would have been 49.4%.

Net cash provided by operating activities was USD 101.9 million, an increase of 93.7% year-over-year. Adjusted EBITDA less capital expenditures was USD 77.3 million, an increase of 6.1% compared to the second quarter of 2017.

Total revenues were USD 268.4 million in the second quarter of 2018 compared to USD 241.0 million in the second quarter of 2017. Excluding the USD 49.0 million and USD 32.2 million contributions from NewWave operations in the second quarter of 2018 and 2017, respectively, total revenues would have been USD 219.4 million and USD 208.8 million, an increase of 5.1% year-over-year.
Residential data revenues increased 18.3% and business services revenues increased 18.4% year-over-year.

Cable ONE is among the 10 largest cable companies in the United States and a broadband communications provider. Serving residential and business customers in 21 states, Cable ONE provides consumers with a wide array of communications and entertainment services, including high-speed Internet and advanced Wi-Fi solutions, cable television and phone service. Cable ONE Business provides scalable and cost-effective products for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale and carrier customers.