Latest news with #Phase
New Indian Express
20 hours ago
- Business
- New Indian Express
VS' stand against Dubai company proved crucial in SmartCity growth
KOCHI: Former Chief Minister V S Achuthanandan's stand— particularly his opposition to giving incentives to Dubai-based TECOM Investments — played a crucial role in the conceptual stages of the SmartCity Kochi project, then worth Rs 1,500 crore. Eventually, TECOM went on to hold 84% stake in the venture. As the leader of Opposition in 2005, VS built a strong campaign against the then Chief Minister Oommen Chandy's proposal to set up a multi-crore IT park on nearly 250 acres at Kakkanad, highlighting several clauses detrimental to the state's interests. A major point of contention was TECOM's demand for freehold rights over 12% of the land meant for the project. When the LDF government headed by VS came to power in 2006, it was determined to protect public assets and held hard bargains with TECOM. 'The hard line adopted by VS, first as leader of Opposition and then as chief minister, has played a crucial role in retaining the IT field in the public sector and paving the way for its substantial growth, thus proving it a successful model,' K Chandran Pillai, former MP and national secretary of CITU, told TNIE. 'Back then, VS had to bear much criticism for taking an anti-development stand.' In 2006, VS negotiated with the same company and changed the initial terms. 'VS said we will give land on lease but TECOM wanted it as a freeholding,' said Joseph C Mathew, who then served as the IT advisor to the CM. 'The reason was that TECOM, in the case of a lease, would only be able to sublease the land. They claimed it would turn away big names like Microsoft and Google. So, the state government said the land parcels earmarked will be given on freehold rights but will be converted into an SEZ later. That meant TECOM won't have alienable rights. In the last year of the VS government, all misunderstandings were cleared.' Pillai pointed out that VS put forward a new set of conditions acceptable to TECOM as well. 'We could foresee the huge potential of Kochi in the development of IT sector. We were confident of leveraging the IT sector even if the agreement reached by Oommen Chandy was discarded. Kochi has now turned into one of the best IT hubs after the implementation of Phase 1 and Phase 2,' he said. Citing the proposal to develop Kochi as a mega AI hub, with the state government ordering the acquisition of nearly 300 acres for Phase 3 development, Pillai said: 'All these have become possible because of VS' long-term vision and his hard stand against the wrong set of initial agreements 20 years ago.'
Business Insider
5 days ago
- Business
- Business Insider
Hyliion Holdings awarded U.S. Navy contract over KARNO power module
Hyliion Holdings (HYLN) announced it has been awarded a Phase II Small Business Innovation Research contract in the amount of $1.5M from the U.S. Navy to further develop and refine its scalable multi-megawatt platform for shipboard and stationary military applications. The newly awarded Phase II contract builds on the successful completion of Phase I, during which Hyliion completed the initial concept design and architectural planning for a multi-megawatt naval-compliant power generator system. Phase II will focus on key enabling technologies for the multi-KARNO Core architecture, including the development of integrated software and power electronics, motion control improvements, and communications systems essential for scaled system operation. Hyliion expects Phase II to commence immediately and continue for a period of 18 months. 'Advancing the scalability and operational control of the KARNO Modules is critical to meeting the Navy's future energy needs,' said Thomas Healy, Founder and CEO of Hyliion. 'This award allows us to lay the groundwork for a highly resilient and efficient power solution that can adapt to mission requirements across both stationary and mobile defense operations.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week.
Business Wire
5 days ago
- Business
- Business Wire
Hyliion Awarded U.S. Navy Contract to Advance Multi-Unit KARNO Power Module
AUSTIN, Texas--(BUSINESS WIRE)-- Hyliion Holdings Corp. (NYSE American: HYLN), a leading provider of innovative KARNO TM Power Modules, today announced it has been awarded a Phase II Small Business Innovation Research (SBIR) contract in the amount of $1.5 million from the U.S. Navy to further develop and refine its scalable multi-megawatt platform for shipboard and stationary military applications. The newly awarded Phase II contract builds on the successful completion of Phase I, during which Hyliion completed the initial concept design and architectural planning for a multi-megawatt naval-compliant power generator system. Phase II will focus on key enabling technologies for the multi-KARNO Core architecture, including the development of integrated software and power electronics, motion control improvements, and communications systems essential for scaled system operation. Hyliion expects Phase II to commence immediately and continue for a period of 18 months. 'Advancing the scalability and operational control of the KARNO Modules is critical to meeting the Navy's future energy needs,' said Thomas Healy, Founder and CEO of Hyliion. 'This award allows us to lay the groundwork for a highly resilient and efficient power solution that can adapt to mission requirements across both stationary and mobile defense operations.' During Phase II, Hyliion will focus on the software required to manage and synchronize multiple KARNO Cores, ensuring they can deliver stable, dynamic power in high-demand environments. Additional work includes refining the integrated drive electronics to meet size, weight, power, and cost (SWaP-C) targets, and aligning control schemes with naval operating standards. These innovations are designed to accelerate Hyliion's timeline to deploy a full multi-megawatt shipboard generator system. Hyliion's KARNO Power Module is a linear generator powered by heat rather than combustion. Its external heat generation architecture, enabled by additive manufacturing, is designed to support operation on more than 20 fuel types and produce electricity with high efficiency, low maintenance requirements, and minimal acoustic and thermal signatures—making it well-suited for naval applications. Phase II development efforts will also align with Hyliion's commercial 2 MW product roadmap, allowing for shared learnings between defense and civilian applications. For more information about Hyliion and its modular power generation solutions, please visit For additional details on the SBIR, please visit About Hyliion Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company's primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit Forward Looking Statements The information in this press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward- looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading 'Risk Factors' in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10- K filed with the Securities and Exchange Commission (the 'SEC') on February 25, 2025 for the year ended December 31, 2024. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward- looking statements. Additional information concerning these and other factors that may impact Hyliion's operations and projections can be found in its filings with the SEC. Hyliion's SEC Filings are available publicly on the SEC's website at and readers are urged to carefully review and consider the various disclosures made in such filings.
Business Wire
14-07-2025
- Business
- Business Wire
Overwatch Imaging Awarded Phase II SBIR by the U.S. Navy
HOOD RIVER, Ore.--(BUSINESS WIRE)-- Overwatch Imaging, a leader in automated airborne intelligence technology, has been awarded a Phase II Small Business Innovation Research (SBIR) contract by the U.S. Navy (USN) to develop and demonstrate AI-enabled, automated imagery intelligence software for electro-optical and infrared (EO/IR) sensor platforms. By reducing reliance on human operators to perform repetitive and focus intensive EO/IR functions, this solution will accelerate the flow of actionable intelligence while freeing operators to focus on more complex situational awareness and decision-making. Share Under the two-year Phase II effort, Overwatch Imaging will deliver a solution to automate sensor control, real-time AI-based image analysis, data-reduced intelligence packaging, and seamless integration with USN mission systems. The project will provide capabilities compatible across all USN aircraft that lower operator workloads, utilize existing systems and data, increase speed of intelligence delivery, and provide real-time situational awareness to tactical and strategic leadership. This solution will build on Overwatch Imaging's commercially available Automated Sensor Operator (ASO) software, expanding it for USN-specific, joint, and U. S. Coast Guard mission contexts and operational environments. The U.S. Navy published its Priority Technology Areas in a June memo with a goal of 'accelerating the adoption of emerging technologies that will allow us to outpace adversaries and ensure readiness in an unpredictable world.' The first priority listed in the memo is AI / Autonomy, which is noted as capable of 'enabling decision advantage and enhancing the ability of human-machine teaming.' Specifically, the AI / Autonomy Level 1 priority is for 'AI-driven solutions for real-time data analysis and automated decision-making to enhance operational effectiveness.' This work is perfectly aligned with the Navy's technology priority as it enables seamless integration of AI / Autonomy into its existing and new imaging systems, in time to make a difference against current and emerging threats. 'This award represents an important step forward in our efforts to deliver a scalable, mission-ready solution for Naval operations facing time-critical detection challenges,' said Greg Davis, Founder and CEO of Overwatch Imaging. 'By reducing reliance on human operators to perform repetitive and focus intensive EO/IR functions, this solution will accelerate the flow of actionable intelligence while freeing operators to focus on more complex situational awareness and decision-making tasks.' This award follows a successful Phase I research effort and reinforces Overwatch Imaging's role as a key innovator in defense-oriented autonomous intelligence, surveillance and reconnaissance (ISR) solutions.
Time Business News
12-07-2025
- Business
- Time Business News
Belair at The Trump Estates: Where Luxury Meets Prestige
Set within the heart of one of Dubai's most distinguished master communities, Belair at The Trump Estates Phase 2 – DAMAC Hills represents the next chapter in ultra-luxury living. It is where architectural grandeur, elevated lifestyle, and exclusivity converge to offer a residential experience tailored for those who desire the best of both privacy and prominence. This exceptional enclave is a testament to the evolving vision of DAMAC DUBAI, a developer renowned for redefining the benchmarks of luxury real estate across the globe. With every element curated to reflect timeless elegance and modern sophistication, Belair is not just a residence—it's a status. Within Belair at The Trump Estates Phase 2 – DAMAC Hills, homes are not just designed—they are crafted with the ambition to inspire. Each villa features stately facades, grand entrances, expansive layouts, and finishes that rival those found in the finest resorts. These residences are surrounded by lush, private gardens and offer panoramic views of the Trump International Golf Club Dubai, further reinforcing their appeal to those with refined tastes. The enclave is designed for those who expect more than luxury. Here, prestige isn't just perceived—it's built into every corner of your environment. The floor plans are generously proportioned, offering five to seven-bedroom villas with multiple levels, private terraces, pools, and entertainment zones. Interior spaces flow seamlessly from room to room, blending warm natural tones with contemporary textures. Every detail—from imported marble floors to custom cabinetry—exemplifies the commitment of DAMAC DUBAI to deliver properties that resonate with global elegance. Situated within the prestigious DAMAC Hills community, the second phase of Belair enjoys a strategic location that provides both seclusion and connectivity. Major roads link the development to Downtown Dubai, Dubai Marina, and international airports in minutes. Residents of Belair at The Trump Estates Phase 2 – DAMAC Hills enjoy access to everything from international schools and healthcare facilities to fine-dining establishments and wellness centers—all within minutes of their doorstep. At the heart of the Belair experience is access to the world-renowned Trump International Golf Club. With an 18-hole championship golf course designed by Gil Hanse, members and residents can enjoy exclusive clubhouse privileges, fine dining, and leisure spaces that rival the world's top-tier resorts. In addition to the golf course, the community features landscaped parks, jogging tracks, tennis courts, and open-air fitness areas. This is where physical well-being meets indulgence—supported by the infrastructure of a world-class master plan from DAMAC DUBAI. Inside the villas, features such as walk-in wardrobes, smart home integration, spa-style bathrooms, and gourmet kitchens come standard. Everything about the design reflects an understanding of the expectations of today's global elite. The attention to detail across every aspect—from lighting plans to landscaped pathways—ensures that Belair at The Trump Estates Phase 2 – DAMAC Hills is not just opulent but intentional in how it enhances everyday living. While luxury is key, so is peace of mind. The gated community offers 24/7 security, advanced surveillance, and concierge-style services that provide support without intrusion. Residents enjoy the freedom to live in tranquility while being minutes away from the city's vibrant social and economic pulse. DAMAC DUBAI brings a wealth of experience and insight from various global projects. A fitting comparison lies in DAMAC Chelsea Residence, a London-inspired development that blends modern design with European finesse. Though the cultural tone of the project differs, the underlying ethos is the same: a commitment to excellence and elevated living. Where DAMAC Chelsea Residence embodies cosmopolitan urban chic, Belair at The Trump Estates Phase 2 – DAMAC Hills brings this refinement into a suburban setting, surrounded by natural beauty and architectural harmony. Both demonstrate how DAMAC tailors luxury to match lifestyle preferences in distinct global settings. Dubai's luxury property market has consistently attracted investors from around the world, and Belair at The Trump Estates Phase 2 – DAMAC Hills stands as one of the most attractive opportunities. The project's exclusivity, prime location, and premium offerings make it a strong contender for capital appreciation and long-term rental income. Buyers aren't just investing in a villa; they're securing a stake in a globally admired brand, a master-planned community, and the luxury reputation of DAMAC DUBAI. The seamless process offered by DAMAC for international buyers—including property management services, resale support, and residency assistance—makes investing in this iconic development easier and more accessible. Whether as a primary residence, holiday home, or income-generating asset, the project offers versatility and prestige. What sets Belair at The Trump Estates Phase 2 – DAMAC Hills apart is not just its stunning architectural profile, but its role in reshaping lifestyle expectations. This isn't a static living space; it's a dynamic experience that evolves with its residents. Whether enjoying a quiet evening by a private pool or hosting lavish gatherings in expansive entertainment areas, the possibilities are endless. While exclusivity is paramount, the community is designed to foster social connection through thoughtfully curated events, shared spaces, and leisure activities. This rare balance of privacy and community spirit adds another layer to the holistic experience envisioned by DAMAC DUBAI. As with landmark developments like DAMAC Chelsea Residence, Belair aims to leave a lasting legacy. With Phase 2 continuing the legacy of prestige from its successful first phase, it reflects DAMAC's ongoing commitment to offering a lifestyle that surpasses trends and focuses on timeless appeal. In a market filled with promises, Belair at The Trump Estates Phase 2 – DAMAC Hills delivers a statement of presence, purpose, and perfection. With the architectural leadership of DAMAC DUBAI and inspiration drawn from world-class projects like DAMAC Chelsea Residence, this development offers more than a home—it offers a future of unparalleled elegance. TIME BUSINESS NEWS
