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has avoided serious injury and could play in the Wallabies' clash with Ireland after Australia had their on Sunday night. The was left clutching his right arm after attempting a tackle on Scotland player Sione Tuipulotu in the 30th minute at Murrayfield. Suaalii was forced from the field with what was initially feared to be a broken wrist, although the Wallabies later said they were confident the injury wasn't as bad as it first looked. And on Tuesday that was confirmed, with the team providing a positive update. "After making a tackle yesterday, Joseph Suaalii lost function and had severe pain in his right arm and was substituted," a team statement from Dublin said. "Since full-time and after travelling with the team to Ireland, his function is returning, and pain is subsiding. He was medically reviewed post-game and there is no evidence of a fracture and will be monitored throughout the week." Wallabies coach Joe Schmidt said after the 27-13 loss: "He's got a pretty numb arm, but we're hopeful it's not too bad." Wallabies great Tim Horan said in commentary at the time: "It was a good shot too on the 12. Tuipulotu came across inside and then you just saw him hold. As soon as he made the hit, his right wrist, he held it up. "You thought it might have been a stinger early on with his right shoulder. And then straight away he went off and Tuipulotu had a bit of a laugh to him. But that's huge. If he's got a broken arm or broken wrist, that's eight to 10 weeks at least. That's probably his season over." After in the first two games of their British Isles tour, the Wallabies had been hoping to become the to complete the famed 'grand slam' by also beating Scotland and Ireland. But they came undone at the hands of the Scots on Sunday night. Scottish captain Tuipulotu, who was born and bred in Melbourne, proved the difference as he came back to burn his birth nation. Tuipulotu played for Australia at Under-20 level, but will always be regarded as a Wallaby who get away. The Wallabies scored 13 tries in their first two matches, but only managed one through debutant Harry Potter in the 75th minute. Tries from Tuipulotu, a national record-breaking 30th for Ruhan van der Merwe, flanker Josh Bayliss and the brilliant Finn Russell were a fair reflection of the Scots' dominance. Suspected broken wrist for Wallabies recruit Joseph-Aukuso Suaalii. Not what the doctor ordered. — Christy Doran (@ChristypDoran) An interested spectator at Murrayfield in white beanie checking on former Roosters 🐓 teammate Joseph Suaalii. Hope Joeys wrist is ok. — OBBY (@OBBY001) Word out of the Wallaby camp is Joseph-Aukuso Suaalii's injury isn't as bad as first thought after coming off with a wrist/arm injury Will need further testing after game but could be right to go for next week — Nathan Williamson (@NathJWilliamson) Did we get an insurance policy for Suaalii? — Huw Tindall (@HuwTindall) Wallabies captain Harry Wilson said his team have been left "hurt" by the end of their British Isles grand slam dream. "It is disappointing. I know everyone really wanted to be part of history, so it does hurt," he said. The Wallabies lost key hooker Matt Faessler through injury and sick lock Jeremy Williams in the 24 hours before the game. But Schmidt wasn't making any excuses, even over the fact they couldn't train at times due to pitches being frozen. "We were already a little bit glued together," conceded Schmidt. "But it's a really good exercise for us to be put in that situation against a good team and I felt they stayed really competitive - albeit you can't miss 30-plus tackles in an international against a really good team and expect to get the result." Schmidt remains confident his side can take down Ireland in a return to Dublin to play his old charges next Saturday (Sunday Aussie time). "Scotland are a good side and, hopefully, people can still see there's some quality starting to be built through through an Australian side that's actually starting to show a bit of depth, albeit with some pretty inexperienced players," he said.Global stocks mostly fall ahead of ECB, US inflation data
, /PRNewswire/ -- This holiday season, Human-I-T, a nonprofit dedicated to providing equitable access to technology, is making it easier than ever for holiday shoppers to access affordable tech while giving back to their community. The "Mix and Match Deal," allows individuals to purchase devices and accessories at prices that fit any budget—all while supporting efforts to close the digital divide. "For the past 12 years, Human-I-T has been laser-focused on three things: making technology accessible and affordable, offering digital navigation support to those who need it most, and saving our planet by keeping e-waste out of landfills," said , Marketing and Content Manager at Human-I-T. "The 'Holiday Mix & Match Deal' helps us achieve all three goals, and the best part is that everyone benefits." Available from , the deal offers customers the chance to bundle one device—a tablet, Chromebook, or 2-in-1 device—with one accessory of their choice, including JBL speakers, headphones, a protective laptop sleeve, or a wireless keyboard for or less. For families, students, or job seekers who may struggle to afford essential technology, this initiative is more than a sale—it's a lifeline. Human-I-T believes that in today's digital world, access to reliable technology isn't a luxury; it's a basic human right. "This isn't just about shopping," added Jackson. "It's about providing hope, opportunity, and connection to those who need it most. When you shop with us, you're not only getting a great deal—you're helping to change lives." The Mix & Match Deal is only available for a limited time. By shopping at Human-I-T's online store customers can brighten their holiday while directly supporting underserved communities. View original content to download multimedia: SOURCE Human-I-T Get local news delivered to your inbox!Australia's proposal to ban under-16s from social media platforms is "rushed", social media companies claimed Tuesday, expressing "serious concerns" about potential unintended consequences. The landmark legislation would force social media firms to prevent young teens from accessing their platforms or face fines of up to Aus$50 million (US$32.5 million). Platforms such as X, Snapchat, TikTok, and Meta have criticised the 24-hour time frame given for stakeholder comments, claiming a lack of consultation and inadequate details about how the legislation would work. X said in its submission that it had "serious concerns" the ban would have "a negative impact" on children, adding it breached their "rights to freedom of expression and access to information". The company added that the proposed law was "vague" and "highly problematic" and that there was "no evidence" that it would work. Australia is among the vanguard of nations trying to clean up social media, and the proposed age limit would be among the world's strictest measures aimed at children. The proposed laws, which were presented to parliament last week, would also include robust privacy provisions that require tech platforms to delete any age-verification information collected. The government is trying to approve the law this week, before parliament breaks for the rest of the year. Meta, which owns Facebook and Instagram, said in its submission the ban would "fail" in its current form because there was not enough consultation with stakeholders. "More time should be taken to get this bill right," it said. TikTok raised concerns over the privacy provisions -- including that they overlapped and contradicted other legislation -- and the limited time to consult stakeholders. More from this section "Its rushed passage poses a serious risk of further unintended consequences," the company's submission said. Key details about how social media companies are expected to enforce the ban remain unclear. Some companies will be granted exemptions from the ban, such as YouTube, which teenagers may need to use for school work or other reasons. Once celebrated as a means of staying connected and informed, social media platforms have been tarnished by cyberbullying, the spread of illegal content, and election-meddling claims. Australian Prime Minister Anthony Albanese insisted Tuesday that "social media is causing social harm". "It can be a weapon for bullies, a platform for peer pressure, a driver of anxiety, a vehicle for scammers and, worst of all, a tool for online predators," he wrote in an opinion piece. "And because it is young Australians who are most engaged with this technology -- it is young Australians who are most at risk." The laws would give families "peace of mind" that their children's well-being and mental health were being prioritised, he said. If the proposed law passes, tech platforms would be given a one-year grace period to figure out how to implement and enforce the ban. The proposal comes just months before Australians go to the polls in a general election that must be held in the first half of 2025. lec/arb/fox
MITCHEL FIELD, N.Y., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Frequency Electronics, Inc. ("FEI” or the "Company”) (NASDAQ-FEIM) is reporting revenues for the three and six months ended October 31, 2024, of approximately $15.8 million and $30.9 million, respectively, compared to revenues of $13.6 million and $26.0 million, for the same period of fiscal year 2024, ended October 31, 2023. Operating income for the three and six months ended October 31, 2024 was $2.6 million and $5.0 million, respectively, compared to operating income of $0.9 million and $3.0 million for the same period of fiscal year 2024. Net Income from operations for the three and six months ended October 31, 2024 was $2.7 million or $0.28 per diluted share and $5.1 million or $0.53 per diluted share, respectively, compared to a net income from operations for the three and six months ended October 31, 2023 of $0.8 million or $0.08 per diluted share and $2.9 million or $0.30 per diluted share, respectively. FEI President and CEO, Tom McClelland commented, "By all financial metrics the second quarter of fiscal year 2025 performance was excellent. For both the quarter and year to date, revenue, gross margin, and operating income have grown substantially. The backlog is also holding strong; at $81 million (an all-time high) compared to $70 million at the end of the first quarter, and $78 million at the end of last fiscal year. The results reflect continued solid growth in our core businesses, which show every indication of continuing. We are well into the execution phase of several key programs won over the last two years, and our gross margins (48% for the quarter, and 46% for the first half of FY2025) reflect our successful efforts to obtain work, and deliver it successfully. Our ability to perform at high operational standards on our heritage satellite programs allows us to pursue new developments (especially for proliferated small satellites), which at least initially may be at lower margins. As we have been successful obtaining a mix of heritage and new development work, we anticipate continued profitability going forward, though the mix in any given quarter could potentially cause variability. Nonetheless, we believe that the operational improvements we have made over the past few years will allow us to generally achieve higher, more consistent margins than we have experienced in the past. "In October, FEI hosted a 'Quantum Sensor Summit' in New York City, a technical conference bringing together experts from around the world to share insights and expectations regarding this rapidly developing area of technology. This event was well attended, and we have obtained a lot of positive feedback from it. Quantum sensors is a rapidly developing market, one which FEI is well positioned to participate in based on our existing expertise, and one which we are actively pursuing as an avenue to continued growth well into the future. To support this effort we pursue external development funding where possible, but are also using internal R&D funding as necessary. This year internal R&D expenditures are up significantly (10% of revenue) as we work to stay competitive in this arena, but we remain debt-free and are confident in our ability to invest for profitable growth, reward our employees for serving our customers and maintain flexibility for shareholder-oriented initiatives, such as the two special dividends we have paid over the past two years. "All and all, I am happy with our performance, excited about our future, and proud to lead a workforce of talented and very dedicated individuals who are the real reason behind our success.” Fiscal Year 2024 Selected Financial Metrics and Other Items As previously announced, the Company will hold a conference call to discuss these results on Tuesday, December 10, 2024, at 4:30 PM Eastern Time. Investors and analysts may access the call by dialing 1-888-506-0062. International callers may dial 1-973-528-0011. Callers should provide participant access code: 685880 or ask for the Frequency Electronics conference call. The archived call may be accessed by calling 1-877-481-4010 (domestic), or 1-919-882-2331 (international), for one week following the call (replay passcode: 51761). Subsequent to that, the call can be accessed via a link available on the Company's website through March 10, 2025. About Frequency Electronics Frequency Electronics, Inc. (FEI) is a world leader in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications. FEI's products are used in satellite payloads and in other commercial, government and military systems including C4ISR and electronic warfare, missiles, UAVs, aircraft, GPS, secure communications, energy exploration and wireline and wireless networks. FEI-Zyfer provides GPS and secure timing capabilities for critical military and commercial applications; FEI-Elcom Tech provides Electronic Warfare ("EW”) sub-systems and state-of-the-art RF and microwave products. FEI has received over 100 awards of excellence for achievements in providing high performance electronic assemblies for over 150 space and DOD programs. The Company invests significant resources in research and development to expand its capabilities and markets. www.frequencyelectronics.com FEI's Mission Statement: "Our mission is to transform discoveries and demonstrations made in research laboratories into practical, real-world products. We are proud of a legacy which has delivered precision time and frequency generation products, for space and other world-changing applications that are unavailable from any other source. We aim to continue that legacy while adapting our products and expertise to the needs of the future. With a relentless emphasis on excellence in everything we do, we aim, in these ways, to create value for our customers, employees, and stockholders.” Forward-Looking Statements The statements in this press release regarding future earnings and operations and other statements relating to the future constitute "forward-looking” statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, our inability to integrate operations and personnel, actions by significant customers or competitors, general domestic and international economic conditions, reliance on key customers, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, other supply chain related issues, increasing costs for materials, operating related expenses, competitive developments, changes in manufacturing and transportation costs, the availability of capital, the outcome of any litigation and arbitration proceedings, and failure to maintain an effective system of internal controls over financial reporting. The factors listed above are not exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our filings with the Securities and Exchange Commission. The Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2024, filed on August 2, 2024 with the Securities and Exchange Commission includes additional factors that could materially and adversely impact the Company's business, financial condition and results of operations, as such factors are updated from time to time in our periodic filings with the Securities and Exchange Commission, which are accessible on the Securities and Exchange Commission's website at www.sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New factors emerge from time to time and it is not possible for management to predict the impact of all these factors on the Company's business, financial condition or 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. Given these risks and uncertainties, investors should not rely on forward-looking statements as a prediction of actual results. Any or all of the forward-looking statements contained in this press release and any other public statement made by the Company or its management may turn out to be incorrect. The Company expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Steven Bernstein, Chief Financial Officer; Condensed Consolidated Statements of Operations (in thousands except per share data) Condensed Consolidated Balance Sheets (in thousands)Ronn Inc Speaks on Hydrogen Perspective 2025
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