The Prometheus League
Breaking News and Updates
- Abolition Of Work
- Ai
- Alt-right
- Alternative Medicine
- Antifa
- Artificial General Intelligence
- Artificial Intelligence
- Artificial Super Intelligence
- Ascension
- Astronomy
- Atheism
- Atheist
- Atlas Shrugged
- Automation
- Ayn Rand
- Bahamas
- Bankruptcy
- Basic Income Guarantee
- Big Tech
- Bitcoin
- Black Lives Matter
- Blackjack
- Boca Chica Texas
- Brexit
- Caribbean
- Casino
- Casino Affiliate
- Cbd Oil
- Censorship
- Cf
- Chess Engines
- Childfree
- Cloning
- Cloud Computing
- Conscious Evolution
- Corona Virus
- Cosmic Heaven
- Covid-19
- Cryonics
- Cryptocurrency
- Cyberpunk
- Darwinism
- Democrat
- Designer Babies
- DNA
- Donald Trump
- Eczema
- Elon Musk
- Entheogens
- Ethical Egoism
- Eugenic Concepts
- Eugenics
- Euthanasia
- Evolution
- Extropian
- Extropianism
- Extropy
- Fake News
- Federalism
- Federalist
- Fifth Amendment
- Fifth Amendment
- Financial Independence
- First Amendment
- Fiscal Freedom
- Food Supplements
- Fourth Amendment
- Fourth Amendment
- Free Speech
- Freedom
- Freedom of Speech
- Futurism
- Futurist
- Gambling
- Gene Medicine
- Genetic Engineering
- Genome
- Germ Warfare
- Golden Rule
- Government Oppression
- Hedonism
- High Seas
- History
- Hubble Telescope
- Human Genetic Engineering
- Human Genetics
- Human Immortality
- Human Longevity
- Illuminati
- Immortality
- Immortality Medicine
- Intentional Communities
- Jacinda Ardern
- Jitsi
- Jordan Peterson
- Las Vegas
- Liberal
- Libertarian
- Libertarianism
- Liberty
- Life Extension
- Macau
- Marie Byrd Land
- Mars
- Mars Colonization
- Mars Colony
- Memetics
- Micronations
- Mind Uploading
- Minerva Reefs
- Modern Satanism
- Moon Colonization
- Nanotech
- National Vanguard
- NATO
- Neo-eugenics
- Neurohacking
- Neurotechnology
- New Utopia
- New Zealand
- Nihilism
- Nootropics
- NSA
- Oceania
- Offshore
- Olympics
- Online Casino
- Online Gambling
- Pantheism
- Personal Empowerment
- Poker
- Political Correctness
- Politically Incorrect
- Polygamy
- Populism
- Post Human
- Post Humanism
- Posthuman
- Posthumanism
- Private Islands
- Progress
- Proud Boys
- Psoriasis
- Psychedelics
- Putin
- Quantum Computing
- Quantum Physics
- Rationalism
- Republican
- Resource Based Economy
- Robotics
- Rockall
- Ron Paul
- Roulette
- Russia
- Sealand
- Seasteading
- Second Amendment
- Second Amendment
- Seychelles
- Singularitarianism
- Singularity
- Socio-economic Collapse
- Space Exploration
- Space Station
- Space Travel
- Spacex
- Sports Betting
- Sportsbook
- Superintelligence
- Survivalism
- Talmud
- Technology
- Teilhard De Charden
- Terraforming Mars
- The Singularity
- Tms
- Tor Browser
- Trance
- Transhuman
- Transhuman News
- Transhumanism
- Transhumanist
- Transtopian
- Transtopianism
- Ukraine
- Uncategorized
- Vaping
- Victimless Crimes
- Virtual Reality
- Wage Slavery
- War On Drugs
- Waveland
- Ww3
- Yahoo
- Zeitgeist Movement
-
Prometheism
-
Forbidden Fruit
-
The Evolutionary Perspective
Daily Archives: June 24, 2021
Transhumanism and future of humanity towards digital slavery | Daily Sabah – Daily Sabah
Posted: June 24, 2021 at 11:35 pm
In the late 19th century, a society called X-Club was founded by a group of scientists in England. The "X" in the title of the club, where Charles Darwin gave lectures from time to time, symbolized change and evolution according to his esoteric beliefs. The most famous members of the club, also known as X-men, were social Darwinist Herbert Spencer and biologist Thomas Henry Huxley. In fact, Huxley was the one who asked Darwin to pen the theory of evolution he had shaped in his mind for years.
Along with the theory of evolution, Darwin introduced the notion of kabbalah that the human mind would develop into a god as a result of evolution to the world of science and he built the infrastructure of this belief among scientists. The club, supported by capitalists with very strong connections, chose the scientists of the time who believed in creation and ensured that the theory of evolution was accepted by the public. The theory of evolution began to appear in textbooks in England. Huxley was the member who demonstrated the most effort in the lectures and conferences he gave.
Inspired by Darwin and examinations of his ideas, German philosopher Friedrich Nietzsche introduced the idea of bermensch, or superman, taking humanity to the next stage in evolution in the eugenic sense. Hitler, who was a fan of Nietzsche and saw himself as a superman, began to work toward creating a superior race. The scientists who carried out these studies in Germany moved to the U.S. following World War II and established the Cybernetics Group under the control of the Central Intelligence Agency (CIA). Research would no longer be focused on race but on medicine and technology.
Big brother
The Fabian Society in England wanted to establish the socialist New World Order under the control of the capitalists. However, they did not want to do it the same way as in Soviet Russia; instead, they sought to carry out revolutions using an evolutionist approach. The members of the society did not remove Nietzsche's works from their bedside. This society, which involved Huxley's science fiction student H. G. Wells, included two famous writers. These writers, who put forward two dystopias, that is two visions of the future of the world, were George Orwell and Huxley's grandson Aldous Huxley. In both Orwell's 1984 and Huxley's Brave New World, the world is ruled by a certain party, a certain class. The concept of family disappears and a socialist order dominates society. The main difference between the two novels is that people in 1984 are forcibly enslaved by the party while the characters love slavery in Brave New World. Huxley not only wrote the novel but also went to the U.S. and participated in the work to create a superman with the team there.
While Aldous Huxley was conducting research on LSD to control the human mind in the U.S., his brother Julian Huxley introduced the term transhumanism to the literature in his book Religion Without Revelation. Transhumanism (humanity+) is a term used to describe people going beyond their current physical and mental limits through science and technology. According to transhumanists, since human evolution had stopped, it was necessary to push it forward using machines and drugs. One of Julian's favorite friends, who was also the first UNESCO director, was the Jesuit priest Pierre Teilhard de Chardin. Teilhard was known as the Catholic Darwin. He was a leading actor in the Piltdown Man fraud, in which the human skull and orangutan jaw were combined to demonstrate the transitional form in evolution, a development that went down in history as a scandal. De Chardin believed that the minds of all people would unite at a higher level of consciousness, which he called the "noosphere," meaning "mind sphere."
Internet
Studies in the U.S. bore fruit in a short time. Personal computers brought the internet into our lives and the ubiquitous "www," which can read as three waws, meaning 666 in Hebrew (and according to the abjad), which is also the sign of the Antichrist according to the Bible. PCs have replaced the drug LSD. The network, which the Jesuit de Chardin called noosphere and H. G. Wells called the world brain, was thus brought to life through computers and other electronic devices.
Now, all the conversations we have over the internet, all the messages and pictures we send, all the preferences we click, that is, all the information that introduces us better than ourselves is collected in the background and this is called Big Data. When a sufficient level of knowledge and technology is reached, the plan is for Big Data to turn into Big Brother thanks to artificial intelligence (AI), the god of transhumanists that will take its place at the top of the pyramid and take control from human hands.
Transhumanists
Although they have esoteric beliefs, transhumanists do not believe in the soul and instead see the human brain as a machine. They believe immortality will be possible by transferring the human mind to servers or other bodies/machines. There are agnostics in this community, as well as atheists like Max More, the head of the Alcor society, who deals with cryonics in order to resurrect people in the future through technology. In his article entitled "In Praise of the Devil," More says: "Lucifer means light-bringer ... The story is that God threw Lucifer out of heaven because Lucifer had started to question God ... Lucifer is the embodiment of reason, of intelligence, of critical thought. He stands against the dogma of God and all other dogmas. He stands for the exploration of new ideas ... God also hates it when we enjoy ourselves. If we let ourselves experience too much pleasure then we might lose interest in obeying him. Join me, join Lucifer, and join Extropy in fighting God and his entropic forces with our minds, our wills and our courage.
Cyborgs
Today, many projects are carried out by transhumanists with the aim of transforming people. Since there are still places in the world that do not have internet and electricity, Google's X Company and Facebook are spending millions to ensure that those who do not even have water to drink can benefit from the blessing that is the internet.
Former X employee Mary Lou Jepsen is striving to develop an MRI machine that can be worn as a beanie and read minds; Elon Musk, the owner of SpaceX, is working on a Neuralink project, in which chips and electrodes will be added to the brain and body to connect us to the network like computers. DARPA research and development agency, which serves the U.S. Army, is experimenting with cyborg soldiers with chips in their brains. The X Prize Foundation of Transhumanists also organizes competitions in the hopes of reaching the New World as soon as possible.
Brave new world order
We have stepped into the new world with new advents like robots, genetic engineering, virtual reality (VR), brain and space exploration, nanotechnology, artificial intelligence, cybernetics and synthetic biology to name a few developments. Esoterics, who were unable to evolve spiritually due to being on the wrong path, are realizing it physically and synthetically through technology, almost like a magician. Well, what will we do when the day comes that a chip is implanted into our brain like in "The Matrix," or when drugs in the movies Lucy and Limitless are introduced into the market? Will we resist or will we form queues in front of stores like when a new phone model comes out? I belive the second possibility will become a reality. After all, we live in a Brave New World, one where we are unwilling to give up our phones and internet, even after reading this article, and slavery is relished. As Elon Musk said, we have already turned into cyborgs thanks to computers and smartphones, which we cannot drop or operate without. All that remains is to install these technologies beneath the skin's surface.
Read the rest here:
Transhumanism and future of humanity towards digital slavery | Daily Sabah - Daily Sabah
Posted in Transhuman
Comments Off on Transhumanism and future of humanity towards digital slavery | Daily Sabah – Daily Sabah
UFOs and the Incarnation the possibility of life among the stars fascinates astronomer priests – Catholic Leader
Posted: at 11:34 pm
WITH the expected release this month of the United States Department of Defenses report on unidentified aerial phenomenon, or UAPs, the question of intelligent life beyond Earths solar system is back in the limelight.
The long-sought answer to Are we alone in the universe? has been contemplated by many, especially those who are curious about its scientific and theological implications.
In an interview in 2015, several months after the discovery of Kepler-452b a so-called super-Earth located approximately 1,400 light years away in the habitable zone of its star Pope Francis was asked for his thoughts on the possibility of intelligent life existing on other planets.
Honestly, I wouldnt know how to answer, he told French news magazine, Paris Match.
Until America was discovered, we thought it didnt exist, and instead it existed.
But in every case I think that we should stick to what the scientists tell us, still aware that the Creator is infinitely greater than our knowledge.
While science and religion were often pitted against each other as separate and irreconcilable camps, St John Paul II saw the benefit of a synergistic relationship that could lead humanity toward a greater understanding of the unknown.
Science can purify religion from error and superstition; religion can purify science from idolatry and false absolutes, he wrote in a 1988 letter to the late Jesuit Father George Coyne, former director of the Vatican Observatory.
Each can draw the other into a wider world, a world in which both can flourish.
This explains why so many Catholic scientists are active in the study of the possibility of intelligent extraterrestrial life.
Among them is Jesuit Father Jos Gabriel Funes, an astronomer and former director of the Vatican Observatory, who leads Project OTHER, a Spanish acronym that stands for Otros mundos, Tierra, Humanidad y Espacio Remoto (Other worlds, Earth, Humanity and Remote Space).
Fr Funes warned that while the subject of intelligent extraterrestrial life could spur interesting and exciting conversations, it also could veer into the realm of conspiracy theories that departed from true science.
We need to address the topic in a professional way. And by professional, I mean in an academic way, Fr Funes said.
Project OTHER, he said, brings together astronomers, biologists, philosophers and theologians at the Catholic University of Cordoba to not only study the possible existence of intelligent extraterrestrial life, but also the impact its potential discovery could have on the scientific, philosophical and religious comprehension of humanity.
Their possible existence raises religious questions, including questions involving the mystery of the Incarnation, in which the Word assumed human nature and thus, as described by the Catechism of the Catholic Church, Jesus is both true God and true man.
Whether the Incarnation is exclusive to Earth or repeated in other planets with intelligent life, Fr Funes said, has been pondered for decades by theologians.
Nevertheless, Fr Funes said, the incarnation of Christ was and remains a unique event.
Im not a theologian, but my conclusion is that one Incarnation is more than enough, he said.
We dont need to complicate things more than they are.
Its already difficult to understand one Incarnation, but this is my way of thinking.
Dominican Fr Thomas OMeara, a retired theology professor at the University of Notre Dame and author of Vast Universe: Extraterrestrials and Christian Revelation, echoed Fr Funes sentiment on the Incarnation, arguing that the Incarnation doesnt require that Jesus also be incarnate on other planets.
Regarding the existence of extraterrestrial life, Fr OMeara said the fact there are billions of planets increases the likelihood of planets with both life and intelligent life.
That belief, he added, would probably be supported by one of the churchs greatest scholars St Thomas Aquinas.
(St) Thomas Aquinas view of the world is that God has made a world that is quite vast and quite diverse, Fr OMeara said.
Now, of course, he had no idea how vast and diverse it was, but thats what he sees just from plants and flowers and fish and stars and things like that.
And he thinks that because the point of the universe is to show the richness and diversity of God.
The belief in the likelihood of extraterrestrial life is also shared by nonbelievers as well, including Anders Sandberg, senior research fellow at the Future of Humanity Institute at the University of Oxford.
Dr Sandberg said it is easy to believe that the existence of life on Earth is just a one-time miracle.
However, much like Fr OMeara, the Swedish transhumanist researcher said the probability that earthlings were alone in the cosmos was low.
Were probably not alone because the universe looks like its actually infinite, he said.
We havent found any evidence that there is any kind of edge on it or that its curving together.
However, with many seeing the upcoming Pentagon report as proof of alien life, Dr Sandberg told CNS that to immediately base a conclusion on inconclusive evidence, such as blurry images, is a mistake, and that the constant flood of information regarding unexplained phenomenon should be taken with a bit of caution.
The world is large, so one-in-a-trillion chances happen monthly and are reported globally, he said.
Instead of assuming that a weird blob in the sky was evidence of alien life, Dr Sandberg suggested people instead maybe say, There are more weird things in the world than I expected.
Intellectual humility is a very useful thing, he said.
Read this article:
UFOs and the Incarnation the possibility of life among the stars fascinates astronomer priests - Catholic Leader
Posted in Transhuman
Comments Off on UFOs and the Incarnation the possibility of life among the stars fascinates astronomer priests – Catholic Leader
On Caniglia v Strom and Community Caretaking: Q&A with Shay Dvoretzky and Emily Kennedy of Skadden – JD Supra
Posted: at 11:34 pm
"The Supreme Court reaffirmed that the Fourth Amendment protects the home as sacred..."
On May 17, 2021, the U.S. Supreme Court issued a unanimous opinion in the Fourth Amendment case Caniglia v. Strom. Shay Dvoretzky and Emily Kennedy of Skadden, Arps, Slate, Meagher & Flom, the lead lawyers representing Edward Caniglia, help explain the significance of the decision.
Q: What was this case about?
The question in this case was whether the "community caretaking" exception to the Fourth Amendments warrant requirement extends to homes.
The community caretaking exception originated with a 1973 Supreme Court decision, Cady v. Dombrowski, which upheld the warrantless search of a car that was in police custody. The officer in that case was looking for a gun that he believed was in the car and could have fallen into the wrong hands. In upholding the search, Cady recognized that police often perform noninvestigatory community caretaking functions, such as assisting with car accidents and traffic control.
Some lower courts, including the U.S. Court of Appeals for the First Circuit in Caniglia v. Strom, had extended the exception established in Cady to also allow warrantless searches of homes. In this case, Mr. Caniglias wife called the police to request a welfare check. The couple had argued the night before, and in a melodramatic gesture, Mr. Caniglia had placed an unloaded gun on the table and said, "Why dont you just shoot me and get me out of my misery?" His wife spent the evening at a hotel, and when she could not reach Mr. Caniglia the next morning, she called the police because she feared he had committed suicide.
...the Court held that the community caretaking exception does not extend to the home...
The police spoke with Mr. Caniglia at his home, and even though he was calm and denied any suicidal intent, they decided to send him involuntarily to a hospital for psychiatric evaluation. As soon as he left his home, they entered it and seized guns from his bedroom and garage. Although the hospital released Mr. Caniglia the same day (with a hefty bill for the police-ordered services), he was unable to retrieve his firearms from the police for months.
Mr. Caniglia sued the officers and the city for violating his Fourth Amendment rights, but the First Circuit upheld the officers actions as an exercise of their community caretaking functions. In a 9-0 opinion by Justice Thomas, the Supreme Court held that the community caretaking exception does not extend to the home, narrowing police powers to search homes without a warrant and repudiating the First Circuits decision.
Q: Why is this decision significant?
The Supreme Court reaffirmed that the Fourth Amendment protects the home as sacred.
The Courts holding is a significant victory for Americans concerned about the sanctity of their homes.
The government cannot intrude there without a warrant or a true emergency. The First Circuits now discarded standard would have allowed officers to demand entry into peoples homes based on subjective and undefined community caretaking needs. In rejecting that standard, the Supreme Court reaffirmed bedrock Fourth Amendment principles, and held that police do not have an open-ended license to perform community caretaking tasks in the home.
The Courts holding is a significant victory for Americans concerned about the sanctity of their homes. The diverse amicus support for Mr. Caniglia at the Supreme Court demonstrates the breadth of interests at stake: The ACLU and the American Conservative Union Foundation filed a joint amicus brief, and other amici included the Pacific Legal Foundation, the National Association of Criminal Defense Lawyers, the Institute for Justice, the American Association of Suicidology and several gun rights organizations.
Q: What do you make of the multiple concurrences, the length of which far surpasses the Courts opinion?
The Court is unanimous that there is no "community caretaking" exception to the Fourth Amendment for homes: Police either need a warrant or a true emergency to enter a home. The concurrences suggest that different Justices may feel differently about what constitutes a true emergency.
The argument spanned more than 100 minutes, and the rebuttal included an open floor for free-for-all questioning by the Justices.
At oral argument, several Justices pressed both sides and the United States on a range of hypotheticals rats in the Bubonic plague, elderly neighbors failing to show up for dinner dates, cats stuck in trees. Although the Court is notoriously rigid about the clock, and in the era of telephonic arguments about the sequencing of the Justices questions, the Chief Justice allowed the advocates extra time. The argument spanned more than 100 minutes, and the rebuttal included an open floor for free-for-all questioning by the Justices.
The concurrences touch on many of the hypotheticals expressed at argument. While they present important concerns, the defendants in Mr. Caniglias case didnt claim that they were responding to a true emergency. They relied solely on their community caretaking function, which the Court made clear does not justify warrantless intrusions of the home.
That such a lengthy argument generated an unusually short (4-page), unanimous opinion underscores Mr. Caniglias resounding victory on the "community caretaking" issue presented in the case.
Q: This was the first merits case youve handled since launching Skaddens new Supreme Court & Appellate practice. What has that been like?
The Court granted certiorari in Caniglia days before Skadden launched this practice, so our start has been exciting and rewarding.
Skadden has always been committed to pro bono work, and we have been grateful for the support of a robust pro bono practice, both in Caniglia and in other cases we are handling. Our group is also working on a number of appeals involving important business issues, in areas such as federal preemption, tax, energy and securities.
We look forward to what lies ahead as we continue to grow.
Read the rest here:
On Caniglia v Strom and Community Caretaking: Q&A with Shay Dvoretzky and Emily Kennedy of Skadden - JD Supra
Posted in Fourth Amendment
Comments Off on On Caniglia v Strom and Community Caretaking: Q&A with Shay Dvoretzky and Emily Kennedy of Skadden – JD Supra
GMS Reports Fourth Quarter and Fiscal Year 2021 Results – Business Wire
Posted: at 11:34 pm
TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE: GMS), a leading North American specialty distributor of interior building products, today reported financial results for the fourth quarter and fiscal year ended April 30, 2021.
Fourth Quarter Fiscal 2021 Highlights(Comparisons are to the fourth quarter of fiscal 2020, except where noted.)
Full Year Fiscal 2021 Highlights(Comparisons are to the full year of fiscal 2020, except where noted.)
We delivered a strong finish to fiscal 2021 as evidenced by record levels of net sales, net income and Adjusted EBITDA, said John C. Turner, Jr., President and Chief Executive Officer. During the fourth quarter, our entire team continued to effectively navigate what remains a very dynamic operating landscape. Through a sharpened focus on execution, we successfully capitalized on opportunities created by tailwinds from a strong residential market and robust demand in complementary products while also continuing to address challenges presented by a continued soft commercial market, supply constraints and meaningful inflation. At the same time, we further optimized our capital structure with a senior notes offering and term loan repricing. We also advanced our platform expansion with an acquisition in Canada and the opening of four greenfield locations in the U.S. and continued this momentum in May with the signing of a definitive agreement to acquire Westside Building Material, affording us a unique opportunity to expand our reach and capture significant growth opportunities in strategically important West Coast markets.
Turner continued, As we look ahead to our new fiscal year, I would like to share my appreciation for all of our teammates who met and overcame the numerous challenges presented by the COVID-19 pandemic throughout the past year. Moving forward, we believe there is fundamental support for continued strength in residential construction and, while timing remains uncertain, early, but encouraging, indications of improvement in commercial construction are emerging. I am confident that our teams continued drive to execute and our relentless commitment to our strategic growth priorities of expanding share in core products, growing our complementary products offering, platform expansion, and improved productivity and profitability, position us to generate value for our shareholders well into the future.
Fourth Quarter Fiscal 2021 Results
Net sales for the fourth quarter of fiscal 2021 of $932.2 million increased 20.9% year over year, primarily due to strong residential end markets, favorable pricing across product categories and the acquisition of D.L. Building Materials, coupled with the negative impact of COVID-19 related shutdowns in the prior year period. Organic net sales increased 17.1%. As there was one more selling day in the fourth quarter of fiscal 2021 than the same period a year ago, net sales and organic net sales on a per day basis were up 19.1% and 15.3%, respectively.
Year-over-year sales increases by product category, which in all cases resulted from both higher volumes and higher price and mix combined, were as follows:
Gross profit of $293.9 million increased 16.8% compared to the fourth quarter of fiscal 2020. As anticipated, gross margin of 31.5% declined from 32.6% a year ago primarily due to a continuation of unfavorable mix and pressured price-cost dynamics for certain product categories.
Selling, general and administrative (SG&A) expense as a percentage of net sales was 22.2% for the quarter compared to 25.4% in the fourth quarter of fiscal 2020. Adjusted SG&A expense as a percentage of net sales of 21.9% improved 260 basis points from 24.5 % in the prior year quarter as a result of continued cost discipline as well as favorable operating leverage from higher pricing broadly across the Companys product lines.
Net income of $33.7 million, or $0.77 per diluted share, compared to a net loss of $41.5 million, or $0.98 per diluted share, in the fourth quarter of the prior fiscal year. Adjusted net income of $46.9 million, or $1.07 per diluted share, compared to $24.0 million, or $0.56 per diluted share, in the fourth quarter of the prior fiscal year. Adjusted EBITDA of $91.2 million increased 43.5% from the prior year quarter. Adjusted EBITDA margin of 9.8% improved 160 basis points from 8.2% a year ago.
Platform Expansion Activity
During the fourth quarter of fiscal 2021, the Company completed the previously announced acquisition of D.L. Building Materials, Inc., providing entrance to the Ottawa-Gatineau market in Canada, and also established four new locations, expanding its presence to two additional markets, Atlantic City, NJ, and Memphis, TN.
Subsequent to the end of the fourth quarter, on May 11, 2021, the Company announced a definitive agreement to acquire substantially all the assets of Westside Building Material, one of the largest independent distributors of interior building products in the U.S., for $135.0 million in cash. The transaction, which expands and enhances GMSs presence in multiple California metro areas and marks its entry into the Las Vegas market, is expected to close early in the third calendar quarter of 2021, subject to the satisfaction of customary closing conditions.
Balance Sheet, Liquidity and Cash Flow
As of April 30, 2021, the Company had cash on hand of $167.0 million, total debt of $978.4 million and $453.8 million of available liquidity under its revolving credit facilities. Net debt leverage was 2.5 times as of the end of the quarter, down from 2.9 times at the end of both the third quarter of fiscal 2021 and the fourth quarter of fiscal 2020.
During the fourth quarter of fiscal 2021, the Company issued $350.0 million aggregate principal amount of senior unsecured notes due May 2029 (the Senior Notes) in a private offering. The Senior Notes bear interest at 4.625% per annum and mature on May 1, 2029. Proceeds from the Senior Notes were used to repay a portion of outstanding borrowings under the Companys senior secured first lien term loan facility (the Term Loan Facility) and to pay related transaction premiums, fees, and expenses. As of April 30, 2021, $509.7 million remained outstanding under the Term Loan Facility. The Company also entered into the Fourth Amendment to its First Lien Credit Agreement (the Fourth Amendment) that, among other things, reduced the interest rate to LIBOR plus 2.50%, with a 0% floor, representing a 25 basis point improvement. As a result of the Fourth Amendment, the Company recorded a write-off of debt discount and deferred financing fees of $4.6 million during the fourth quarter of fiscal 2021.
The Company generated cash provided by operating activities and free cash flow of $84.8 million and $72.8 million, respectively, in the fourth quarter of 2021 compared to $167.7 million and $163.4 million, respectively, a year ago. The decrease from the prior year quarter was primarily due to the Companys efforts to preserve liquidity at the end of fiscal 2020 in response to the COVID-19 pandemic.
Conference Call and Webcast
GMS will host a conference call and webcast to discuss its results for the fourth quarter of fiscal 2021 ended April 30, 2021 and other information related to its business at 8:30 a.m. Eastern Time on Thursday, June 24, 2021. Investors who wish to participate in the call should dial 877-407-3982 (domestic) or 201-493-6780 (international) at least 5 minutes prior to the start of the call. The live webcast will be available on the Investors section of the Companys website at http://www.gms.com. There will be a slide presentation of the results available on that page of the website as well. Replays of the call will be available through July 24, 2021 and can be accessed at 844-512-2921 (domestic) or 412-317-6671 (international) and entering the pass code 13720195.
About GMS Inc.
Celebrating the 50th anniversary of its founding in 1971, GMS operates a network of more than 265 distribution centers across the United States and Canada. GMSs extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings.
Use of Non-GAAP Financial Measures
GMS reports its financial results in accordance with GAAP. However, it presents Adjusted net income, free cash flow, Adjusted SG&A, Adjusted EBITDA, and Adjusted EBITDA margin, which are not recognized financial measures under GAAP. GMS believes that Adjusted net income, free cash flow, Adjusted SG&A, Adjusted EBITDA, and Adjusted EBITDA margin assist investors and analysts in comparing its operating performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. The Companys management believes Adjusted net income, Adjusted SG&A, free cash flow, Adjusted EBITDA and Adjusted EBITDA margin are helpful in highlighting trends in its operating results, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which the Company operates and capital investments. In addition, the Company utilizes Adjusted EBITDA in certain calculations in its debt agreements.
You are encouraged to evaluate each adjustment and the reasons GMS considers it appropriate for supplemental analysis. In addition, in evaluating Adjusted net income, Adjusted SG&A and Adjusted EBITDA, you should be aware that in the future, the Company may incur expenses similar to the adjustments in the presentation of Adjusted net income, Adjusted SG&A and Adjusted EBITDA. The Companys presentation of Adjusted net income, Adjusted SG&A, Adjusted SG&A margin, Adjusted EBITDA, and Adjusted EBITDA margin should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. In addition, Adjusted net income, free cash flow, Adjusted SG&A and Adjusted EBITDA may not be comparable to similarly titled measures used by other companies in GMSs industry or across different industries. Please see the tables at the end of this release for a reconciliation of Adjusted EBITDA, free cash flow, Adjusted SG&A and Adjusted net income to the most directly comparable GAAP financial measures.
When calculating organic net sales growth, the Company excludes from the calculation (i) net sales of acquired businesses until the first anniversary of the acquisition date, and (ii) the impact of foreign currency translation.
Forward-Looking Statements and Information:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by the Companys use of forward-looking terminology such as anticipate, believe, confident, continue, could, estimate, expect, intend, may, might, plan, potential, predict, seek, or should, or the negative thereof or other variations thereon or comparable terminology. In particular, statements about the markets in which GMS operates, including in particular residential and commercial construction, and the economy generally, actions taken to optimize our operations and align our business consistent with demand and in response to COVID-19, our ability to continue successfully navigating the evolving operating environment, our optimized capital structure, strategic growth priorities, growth opportunities from acquisitions, and the ability to generate value for our shareholders contained in this press release may be considered forward-looking statements. The Company has based forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control, including current public health issues that may affect the Companys business. Forward-looking statements involve risks and uncertainties, including, but not limited to, those described in the Risk Factors section in the Companys most recent Annual Report on Form 10-K, and in its other periodic reports filed with the SEC. In addition, the statements in this release are made as of June 24, 2021. The Company undertakes no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectation or otherwise. These forward-looking statements should not be relied upon as representing the Companys views as of any date subsequent to June 24, 2021.
GMS Inc.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)
Three Months Ended
Year Ended
April 30,
April 30,
2021
2020
2021
2020
Net sales
$
932,203
$
770,850
$
3,298,823
$
3,241,307
Cost of sales (exclusive of depreciation and amortization shown separately below)
638,353
519,256
2,236,120
2,178,093
Gross profit
293,850
251,594
1,062,703
1,063,214
Operating expenses:
Selling, general and administrative
207,321
195,609
Read more:
GMS Reports Fourth Quarter and Fiscal Year 2021 Results - Business Wire
Posted in Fourth Amendment
Comments Off on GMS Reports Fourth Quarter and Fiscal Year 2021 Results – Business Wire
US Scientist Finds Deleted Coronavirus Genetic Data – WebMD
Posted: at 11:33 pm
June 24, 2021 -- A scientist in Seattle found genetic data about the coronavirus that was stored on a National Institutes of Health archive and later deleted, according to The Washington Post.
Jesse Bloom, PhD, a computational biologist at the Fred Hutchinson Cancer Research Center in Seattle, posted about his recovery of deleted deep sequencing data on the bioRxiv preprint server on Tuesday. The paper hasnt yet been peer-reviewed or published in a journal.
Bloom said the data sheds more light on the early Wuhan SARS-CoV-2 epidemic, though the scientific significance of his report remains unclear. Scientists expressed both favorable and unfavorable opinions on Wednesday, as well as what the data could mean for the initial outbreak in China.
I recognize this is a hot-button topic, Bloom told the Post. Its not a highly traditional scientific study, but at least it has some new data and new information.
Bloom recovered deleted files from the Google Cloud that had been stored in the National Library of Medicines Sequence Read Archive. He then reconstructed partial sequences of 13 early epidemic viruses. Based on an analysis of the sequences, Bloom said the Huanan Seafood Market sequences that are the focus of the joint World Health Organization-China report on the origin of the outbreak dont fully represent the viruses that were in Wuhan at the beginning of the epidemic.
Instead, Bloom wrote, the initial sequences likely had three key mutations that are similar to coronavirus relatives in bats. He doesnt think the recovered data explains the origins of the coronavirus, but he believes that the virus was circulating in Wuhan before December.
This study provides no evidence either way, he told the newspaper. But it does indicate that we probably have not exhausted all relevant data.
The National Institutes of Health confirmed that the raw data had been deleted from the database, the Post reported. The information was included in a preprint paper that Chinese scientists posted in March 2020 and later published in the journal Small in June.
In a statement on Wednesday, the NIH said that a researcher who originally published the data asked for the information to be removed from the NIH database so it could be included in a different database. The NIH also said it is standard practice to remove data if requested.
These SARS-CoV-2 sequences were submitted for posting in [the Sequence Read Archive] in March 2020 and subsequently requested to be withdrawn by the submitting investigator in June 2020, the NIH wrote in a statement.
The requestor indicated the sequence information had been updated, was being submitted to another database, and wanted the data removed from SRA to avoid version control issues, the NIH wrote.
Other submissions have been removed from databases since the beginning of the pandemic. The NIH reported that the National Library of Medicine had identified eight instances when researchers had withdrawn submissions to the library. That includes the data retrieved by Bloom and the rest from submitters predominantly in the U.S., the newspaper reported.
Scientists who have been studying the origins of the coronavirus shared differing opinions online on Wednesday and with numerous news outlets, including reports in The New York Times and Science. Some said the data was nothing new and that it could still be found in scientific literature. Others said the early data needs to be better preserved and shared.
Either way, Blooms paper appears to be adding fuel to the discussion about the origins of the pandemic. Last month, President Joe Biden ordered intelligence agencies to conduct a 90-day review and provide a report. In an interview with Yahoo! News this week, Avril Haines, the director of national intelligence, said its possible that the answer will never be known.
The best thing I can do is present the facts as we know them and to present the analysis that weve done in as unbiased a way possible, she said.
WebMD Health News Brief
The Washington Post: Seattle scientist digs up deleted coronavirus genetic data, adding fuel to the covid origin debate.
bioRxiv: Recovery of deleted deep sequencing data sheds more light on the early Wuhan SARS-CoV-2 epidemic.
Small: Nanopore Targeted Sequencing for the Accurate and Comprehensive Detection of SARS-CoV-2 and Other Respiratory Viruses.
The New York Times: Scientist Finds Early Virus Sequences That Had Been Mysteriously Deleted.
Science: Claim that Chinese team hid early SARS-CoV-2 sequences to stymie origin hunt sparks furor.
Yahoo! News: Exclusive: Bidens top intelligence official says COVID origins may never be known.
Original post:
Posted in Corona Virus
Comments Off on US Scientist Finds Deleted Coronavirus Genetic Data – WebMD
Could a building collapse happen here? One of Utahs top engineers explains – ABC 4
Posted: at 11:33 pm
(ABC4) Luckily for local residents, the shocking collapse of a condominium building in the Miami area on Thursday morning is extremely rare, and a similar event has virtually no chance of occurring in Utah, according to one of the states top structural engineers.
Matthew Roblez, who heads up the structural engineering team at McNeil Engineering in Sandy and was named the 2016-17 Engineer of the Year by the American Society of Civil Engineers, tells ABC4 he was shocked by the news out of Florida due to the singularity of the event. Roblez says these kinds of collapses are virtually non-existent in the United States.
It could be any number of things, and thats what the investigation will be. So, it could be a design error, it could be a construction error, and it could have been, I hate to say it, but it could have been some form of sabotage, because quite frankly, what makes this so odd is were not a third world country and this just doesnt normally happen. Its just not a regular occurrence, Roblez explains.
At this point, what could have caused the 12-story building collapse in Surfside, Florida is up for speculation. The collapse reportedly occurred at around 1:30 a.m. on Thursday morning, and due to a high capacity of residents, many of the 130 affected unit inhabitants are feared dead. At least one death has been confirmed and search and rescue teams have already pulled 35 survivors from the rubble.
While some work was being performed on the roof the building, officials have all but ruled that out as a possible cause for the destruction.
Roblez guesses what could have happened was a long-term deterioration that was invisible to the naked eye and went unnoticed until the sudden disaster.
I cant think of anything else that would just cause all of that, he supposes. A lot of times in buildings, you might have a pipe leak that is just flowing and seeps into the concrete or something like that and destroys the real reinforcing. No ones going to know until theres an issue. A building is a lot like a car engine, you dont know theres something wrong until its really wrong.
He continues to explain that what typically happens is that a buildings maintenance staff should be walking around, making regular inspections. Should this person notice anything troublesome, a call is made to an engineer, like Roblez, who can come in, assess the situation, and make recommendations to correct any issues. Roblez explains he recently underwent this process on a downtown Salt Lake City parking structure that was built in the 1970s.
As for the building in Florida, which Roblez found was built in 1980, he is unsure of what could have happened. He wonders if perhaps the construction team, using technology and understanding that has since become outdated, did not foresee any issues that could occur as a result of building in Southern Floridas challenging climate conditions. Nowadays, and in Utah, when builders raise structures, they adjust the materials accordingly depending on what to expect as the seasons change.
When we do parking garages here in Salt Lake, we know theres going to be a lot of salt thrown down, so we take steps to put traffic coatings or admixtures in the concrete. Now maybe in 1980, in Miami, they may not have understood a lot of the climate issues, and so they just put regular concrete or something like that, he guesses.
While what is sure to be an upcoming investigation as to the cause should shed light on what happened on the other side of the country, Roblez is confident that a similar story of a sudden collapse in Utah is not a realistic possibility, even with earthquake concerns constantly looming. He says damage would likely clearly be shown before a building in Utah would come crashing down.
For something like this to happen is so extremely rare, I would say that there are zero worries for something like this to happen here.
Link:
Could a building collapse happen here? One of Utahs top engineers explains - ABC 4
Posted in Singularity
Comments Off on Could a building collapse happen here? One of Utahs top engineers explains – ABC 4
An ‘Uncrashable’ Car? Luminar Says Its Lidar Can Get There – Singularity Hub
Posted: at 11:33 pm
As a recent New York Times article highlighted, self-driving cars are taking longer to come to market than many experts initially predicted. Automated vehicles where riders can sit back, relax, and be delivered to their destinations without having to watch the road are continuously relegated to the not-too-distant future.
Theres not just debate on when this driverless future will arrive, theres also a lack of consensus on how well get there, that is, which technologies are most efficient, safe, and scalable to take us from human-driven to computer-driven (Tesla is the main outlier in this debate). The big players are lidar, cameras, ultrasonic sensors, and radar. Last week, one lidar maker showcased some new technology that it believes will tip the scales.
California-based Luminar has built a lidar it calls Iris. Iris not only has a longer range than existing systems, its also more compact; gone are the days of a big, bulky setup that all but takes over the car. Perhaps most importantly, the company is aiming to manufacture and sell Iris at a price point well below the industry standard.
Lidar scans a vehicles surroundings by sending out pulses of light in or near the visible spectrum, illuminating targets then analyzing the reflections that come back and using them to create high-resolution 3D maps. Advances in laser technology and computing speed over the last decade or so made lidar a more viable technology for widespread use.
Earlier iterations used spinning mirrors to direct the light beams, but that made for clunky systems with lots of moving parts. In 2016 Quanergy unveiled the first solid-state lidar, the S3, steered with a chip containing a million tiny antennas. With a range of 200 meters, the company planned to sell the S3 for $250 (at least three of these would be required to give the vehicle full visibility, putting the cost at $750).
Iris uses waves of light up to 1,550 nanometers long (905 nanometers is the standard). The longer length yields increased visibility, allowing the map to incorporate objects others might miss, whether because theyre small, dont reflect light well, or are too far away.
Luminar says Iris can detect and classify objects up to 250 meters away, or 500 meters for larger objects, and can detect the speed of moving objects in 3D (like a car changing lanes or a pedestrian stepping into the street). Rather than multiple lasers working in concert, Iris has just one laser and accompanying receiver, with two axis scanning mirrors giving the lidar a 120-degree by 30-degree field of vision.
Luminar CEO Austin Russell estimates Iris will initially be priced at around $1,000, and over time brought down to $500. Just two years ago, Wired reported industry leader Velodynes lidar costing about $75,000. Since then, though, Velodyne has also begun work on a solid-state lidar it aims to price below $500.
Luminar plans to integrate Iris into robotaxis and self-driving trucks through a design its calling Blade, a sleek gold-colored strip encircling the vehicle and containing all its sensors.
One of the most vocal detractors of lidar has been Elon Musk, who called the technology a fools errand and said anyone relying on it was doomed. A May sighting of a Tesla Model Y outfitted with Luminar lidar caused some speculation about whether Musk was reversing course, but as one analyst pointed out, its more likely that Tesla is using lidar to test and validate its own self-driving system, which relies primarily on cameras.
With or without Tesla as a customer, though, Luminar seems to be doing fine: the company made headlines last year when it secured a contract with Volvo, saying the Swedish automakers cars would reach Level 3 autonomy in 2022. As reported by The Verge, Luminar also has deals with Audi, Toyota Research Institute, Daimler, and Chinese automaker SAIC, among others.
A lot of the discussion around self-driving cars focuses on the supposed safety improvements the technology will herald. Humans, the story goes, are negligent and at times even reckless, the cause of over 33,000 accidents and 36,000 deaths per year in the US alone. But putting these huge-sounding numbers in context, you could actually argue that humans are very good at driving; theres about one death from motor vehicle crashes per 100 million miles traveled.
Nevertheless, no fatalities is better than some, and thats what Luminar wants (well, Luminar and anyone whos ever driven or ridden in a car). Russell told The Verge that the company is moving towards the vision of zero collisions, building the uncrashable car. It will be a while yet before we can determine whos the better driver, but incremental advances like Iris seem to indicate that computers are (slowly) catching up to us.
Image Credit: Luminar
See the article here:
An 'Uncrashable' Car? Luminar Says Its Lidar Can Get There - Singularity Hub
Posted in Singularity
Comments Off on An ‘Uncrashable’ Car? Luminar Says Its Lidar Can Get There – Singularity Hub
New Study Finds that EV Charge Automation Could Reduce Carbon Impact by up to 14% in US and by 43% in California – PRNewswire
Posted: at 11:33 pm
The potential reductions in California are more dramatic, with a potential for 43% carbon savings. California's grid relies on renewable energy for nearly half of its electricity, much of it from low-carbon sources such as solar and wind, which contribute to significant variations in carbon intensity, a measure of carbon emissions per unit of energy consumed. As states increase their reliance on renewable energy sources, their variability will increase, too, offering similar opportunities to shift usage to times when carbon intensity is lowest.
Carbon reductions from automated EV charging could have a significant impact on reaching carbon emissions goals to slow climate change, and while EV charging is the most obvious case, similar opportunities for savings apply to other large loads in the home. The best opportunities for load shaping are activities that can be scheduled flexibly, like running a dishwasher or washing machine during overnight hours to have clean clothes and dishes ready when they're needed in the morning. For these cases, automation can provide the right balance of meeting consumer needs and optimizing cost, carbon emissions, and constraints of the grid.
The study examined consumers' EV charging patterns using over 100,000 sessions of in-field EV charging data and time-based carbon intensity data for 30 major regional grid balancing authorities for utilities. It found that charging dynamically to minimize carbon utilization was consistently more effective at reducing carbon than Time of Use rates.
The results show that smart home automation can dynamically adjust energy usage to address both grid constraints and carbon emissions goals. A separate study of 1100 California homes conducted by Sense found that 55% of electricity usage in the evening time frame could be shifted to other times during the day or reduced. Using an automated, dynamic approach, utilities can incentivize customers to reduce peak emissions by shifting their activities, including EV charging, similar to the current incentives to reduce peak demand.
Carbon reductions are influenced by the regional mix of energy sources, with some regions offering a potential for higher reductions because of greater variability of carbon intensity in their fuel sources. Among the top 10 balancing authorities, CAISO (California Independent System Operator) had the highest variation in carbon intensity at 307%, followed by SWPP (Southwest Power Pool) at 259%, ERCOT Electric Reliability Council of Texas) at 197% and BPAT (Bonneville Power Authority Transmission) at 181%. For more details, see the complete study.
The analysis showed that most regions can achieve significant carbon reductions by automating EV charging to take advantage of the cleanest energy sources as they come onto the grid. As more states and regions increase the share of energy produced by renewable sources, the carbon savings potential will increase across the country.
Said Sense CEO Mike Phillips, "This EV study is an example of what can be done as we add intelligence to home infrastructure. As we work on decarbonizing the grid, because of the increased use of intermittent low-carbon energy sources, it is becoming increasingly important to influence not only how much power is being used, but when it is used. Fortunately, there are many things in the home where people only care about the result - not when the energy is used. EV charging is a great example, but automation can extend to other key consumers of energy as we build intelligence into the infrastructure of the home."
Said Wenbo Shi, CEO and co-founder of Singularity Energy: "This study demonstrates the potential of data-driven carbon intelligence to improve energy management strategies and cost-effectively reduce carbon emissions. We are filling a gap between decarbonization targets measured in tons of carbon and existing energy management strategies that are still kWh and cost driven. There is a massive opportunity to apply the technology to EVs and other smart devices at scale to rapidly accelerate the transition towards a clean energy future."
Implications for Utilities' Demand Management Strategies With EV adoption predicted to grow rapidly, propelled in part by the Biden administration's plan to build out a national network of 500,000 EV charging stations, utilities are predicting big increases in electricity usage from EV charging over the coming decade. At the same, aggressive carbon reduction goals at the state and federal levels have mandated that utilities must reduce carbon emissions.
While meeting CO2 reduction goals and anticipating new energy loads from electric vehicles, utilities need to keep pace with more intermittent sources of power. The ability to jointly optimize for CO2, cost, and grid constraints can provide the best performance at a system level. Dynamic signals from the power grid combined with EV charging automation could be used to inform utilities' incentive programs, influence consumer behavior, modulate peak demand as EV adoption grows, and reduce carbon.
About the StudyThe study examined 100,000 sessions of in-field electric vehicle charging data and analyzed the location- and time-based fuel mix of the power grid to characterize the carbon intensity of common EV charging patterns. It drew on anonymized Sense home energy data and high-quality carbon intensity data from Singularity Energy's Carbonara platform. Previous analyses of carbon intensity have relied on annual averages that can be two or three years old. Combining these real-time data sets, the study simulated EV charging for carbon intensity to identify carbon reductions. For more details, get the complete study. To learn more about other studies from Sense, visit sense.com/utilities
About SenseSense's mission is to reduce global carbon emissions by making homes smart and efficient. We empower people to care for their homes and families while contributing to a cleaner, more resilient future. Founded in 2013 by pioneers in speech recognition, Sense uses machine learning technology to provide real-time insights on device behavior, even for those devices that are not "smart." Customers rely on Sense for a wide range of uses including monitoring their home appliances, determining whether they left appliances running and identifying how to reduce their energy costs. Sense has received investments from two of the world's largest energy technology companies, Schneider Electric and Landis + Gyr. Sense is headquartered in Cambridge, Mass. To make sense of your energy, visit sense.com.
About Singularity EnergySingularity Energy enables the future of decarbonization through actionable data and novel algorithms. Carbonara, a carbon intelligence platform built by Singularity Energy, provides high-quality, actionable grid carbon data and a suite of innovative products, developer APIs, and intelligent tools for companies to build data-driven decarbonization solutions. Use cases of Carbonara include planning, reporting, and optimization for decarbonization and electrification projects like EV fleets, battery storage, smart devices, and 24/7 clean energy. Singularity Energy is a winner of the Harvard Physical Science & Engineering Accelerator, the Greentown Labs Bold Idea Challenge in partnership with Schneider Electric, the National Science Foundation Small Business Innovation Research Grant, and a URBAN-X Cohort 09 company. To turn your electricity data into precise carbon emissions insights, visit: https://carbonara.energy/
Media contact: [emailprotected]
SOURCE Sense
Excerpt from:
Posted in Singularity
Comments Off on New Study Finds that EV Charge Automation Could Reduce Carbon Impact by up to 14% in US and by 43% in California – PRNewswire
Sense Debuts Carbon Intensity Tracking in the Sense App – PRNewswire
Posted: at 11:33 pm
In addition to tracking the home's carbon usage in real time, the Sense app has a look-ahead view that forecasts the carbon intensity (CI), so users can plan high energy tasks, such as laundry, dishwashing or charging electric vehicles, for times when carbon emissions will be lowest, reducing their home's overall carbon footprint.
In the app, users can also see a breakdown of the fuel types that are powering the home right now. The energy sources on the utility grid vary widely from region to region, and regions change their fuel mix over the course of a day, creating variations in CI.
The new CI feature is included in the Sense app for the Sense Home Energy Monitor and Sense Solar.It's also included in all Sense-enabled products, such as the Square D edition of the Sense app for the Wiser Energy Home Power Monitor and the Square D Energy Center from Schneider Electric.
What is Carbon Intensity?Carbon intensity is simply the amount of carbon dioxide emitted to generate a specific unit of power. The average CI across the country's utility grid is approximately 1 lb/kWh, which is roughly equivalent to the CI for natural gas. Consumers can lower their overall climate change impact by being aware of CI and shifting energy use to the times when the grid uses more green power.
In most regions of the country, the carbon intensity of electricity generated by utility power plants varies throughout the day. At some times of day, such as when solar and wind are generating lots of power, carbon emissions are low. During other times, power may come from sources that emit more carbon, like coal or natural gas power plants, increasing the carbon intensity of the power on the grid.
In regions that rely primarily on a single, continuous power source, like hydro or natural gas, the carbon intensity varies only slightly, while in others with diverse power sources, the carbon intensity (CI) can rise and fall over the course of a day or week.
How Sense Reduces Carbon EmissionsThe variability in CI offers an opportunity for Sense users to actively reduce their own home's impact on carbon emissions. In the Sense app, users can see their average CI and can see the current CI of the power they are using, which is based on dynamic data from the utility grid's regional balancing authority. The Sense app also shows a projection of carbon peaks and valleys over the next 12 hours. By scheduling activities when the CI from the grid is lowest, Sense users can reduce their own home's CI score and impact carbon emissions.
To provide this new functionality, Sense has partnered with Singularity and has integrated with their Carbonara platform for both real-time and projected CI. Carbonara analyzes and provides carbon intensity data for 30 grid balancing authorities across the country.
The Sense app already has several features that help homeowners reduce their home's energy usage and carbon footprints, including:
How Energy Smart Homes Can Address Climate ChangeIn the future, smart homes will be able to take advantage of these carbon intensity fluctuations automatically by responding to real-time signals from the utility grid. Said Sense CEO Mike Phillips: "Since the Sense app now knows the carbon intensity of power from the grid, we can start to automate activities in the home to take place when carbon intensity is low. For instance, in the future, Sense users will be able to schedule their dishwasher or EV charger to run when the CI is lowest. Smart homes can know the preferences of the residents (for instance, that the EV needs to be charged and ready to drive by 7am) and will take into account CI, energy costs, and constraints of the grid to find the right times to use energy, resulting in carbon and cost reductions and contributing to a more reliable power grid. This becomes increasingly important as we electrify our homes and cars, and as the grid uses more and more renewables."
"Homes are on track to become the single-largest consumer of electricity and homeowners realize that many of the resources currently being consumed to produce that electricity are negatively impacting our environment," said Michael Mahan, Vice President, Home & Distribution North America, Schneider Electric. "Now greater energy intelligence is being built into homes, including smart electrical panels, providing information and tools that allow homeowners to modify their behavior, empowering them to impact change for the betterment of the environment and their electricity bill."
About SenseSense's mission is to reduce global carbon emissions by making homes smart and efficient. We empower people to care for their homes and families while contributing to a cleaner, more resilient future. Founded in 2013 by pioneers in speech recognition, Sense uses machine learning technology to provide real-time insights on device behavior, even for those devices that are not "smart." Customers rely on Sense for a wide range of uses including monitoring their home appliances, determining whether they left appliances running and identifying how to reduce their energy costs. Sense has received investments from two of the world's largest energy technology companies, Schneider Electric and Landis + Gyr. Sense is headquartered in Cambridge, Mass. To make sense of your energy, visit: https://sense.com.
About Singularity EnergySingularity Energy enables the future of decarbonization through actionable data and novel algorithms. Carbonara, a carbon intelligence platform built by Singularity Energy, provides high-quality, actionable grid carbon data and a suite of innovative products, developer APIs, and intelligent tools for companies to build data-driven decarbonization solutions. Use cases of Carbonara include planning, reporting, and optimization for decarbonization and electrification projects like EV fleets, battery storage, smart devices, and 24/7 clean energy. Singularity Energy is a winner of the Harvard Physical Science & Engineering Accelerator, the Greentown Labs Bold Idea Challenge in partnership with Schneider Electric, the National Science Foundation Small Business Innovation Research Grant, and a URBAN-X Cohort 09 company. To turn your electricity data into precise carbon emissions insights, visit: https://carbonara.energy/
Press contacts:[emailprotected][emailprotected]
SOURCE Sense
Read this article:
Sense Debuts Carbon Intensity Tracking in the Sense App - PRNewswire
Posted in Singularity
Comments Off on Sense Debuts Carbon Intensity Tracking in the Sense App – PRNewswire
CERN: How We’re Probing the Universe’s Origins Using Record Precision Measurements – Singularity Hub
Posted: at 11:33 pm
What happened at the beginning of the universe, in the very first moments? The truth is, we dont really know because it takes huge amounts of energy and precision to recreate and understand the cosmos on such short timescales in the lab. But scientists at the Large Hadron Collider (LHC) at CERN in Switzerland arent giving up.
Now our LHCb experiment has measured one of the smallest difference in mass between two particles ever, which will allow us to discover much more about our enigmatic cosmic origins.
The Standard Model of particle physics describes the fundamental particles which make up the universe, and the forces that act between them. The elementary particles include quarks, of which there are six: up, down, strange, charm, top, and bottom. Similarly, there are six leptons which include the electron, a heavier cousin called the muon, and the still heavier tau, each of which has an associated neutrino. There are also antimatter partners of all quarks and leptons which are identical particles apart from an opposite charge.
The Standard Model is experimentally verified to an incredible degree of accuracy but has some significant shortcomings. 13.8 billion years ago, the universe was created in the Big Bang. The theory suggests this event should have produced equal amounts of matter and antimatter. Yet today, the universe is almost entirely made up of matter. And thats lucky, because antimatter and matter annihilate in a flash of energy when they meet.
One of the biggest open questions in physics today is: why is there more matter than antimatter. Were there processes at play in the early universe that favored matter over antimatter? To get closer to the answer, we have studied a process where matter transforms into antimatter and vice versa.
Quarks are bound together to form particles called baryons (including the protons and neutrons that make up the atomic nucleus) or mesons, which consist of quark-antiquark pairs. Mesons with zero electric charge continually undergo a phenomenon called mixing by which they spontaneously change into their antimatter particle, and vice versa. In this process, the quark turns into an anti-quark and the anti-quark turns into a quark.
It can do this because of quantum mechanics, which governs the universe on the tiniest of scales. According to this counter-intuitive theory, particles can be in many different states at the same time, essentially being a mix of many different particles, a feature called superposition. It is only when you measure its state that it picks one of them. A type of meson called D0, for example, which contains charm quarks, is in a superposition of two normal matter particles called D1 and D2. The rate at which the D0 meson turns into its anti-particle and back again, an oscillation, depends on the difference in masses of D1 and D2.
It is difficult to measure mixing in D0 mesons, but it was done for the first time in 2007. However, until now, nobody has reliably measured the mass difference between D1 and D2 that determines how quickly the D0 oscillates into its antiparticle.
Our latest discovery, announced at the Charm conference, changes this. We measured a parameter that corresponds to a mass difference of 6.410-6 electron Volts (a measure of energy) or 10-38 grams, one of the smallest mass differences between two particles ever measured.
We then calculated that the oscillation between the D0 and its antimatter partner takes around 630 picoseconds (1 ps = 1 millionth millionth of a second). This may seem fast, but the D0 meson doesnt live long; it isnt stable in the lab and falls apart (decays) into other particles after only 0.4 picoseconds. So it will typically disappear long before this oscillation occurs, posing a serious experimental challenge.
The key is precision. We know from theory that these oscillations follow the path of a a familiar type of wave (sinusoidal). Measuring the start of the wave very precisely, we can infer its full period as we know its shape. The measurement therefore had to reach record precision on several fronts. This is made possible by the unprecedented amount of charm particles produced at the LHC.
But why is this important? To understand why the universe produced less antimatter than matter we need to learn more about the asymmetry in the production of the two, a process known as CP-violation. It has already been shown that some unstable particles decay in a different way to their corresponding antimatter particle. This may have contributed to the abundance of matter in the universe,with previous discoveries of it leading to Nobel Prizes.
We also want to find CP-violation in the process of mixing. If we start with millions of D0 particles and millions of D0 antiparticles, will we end up with more D0 normal matter particles after some time? Knowing the oscillation rate is a key step towards this goal. While we did not find an asymmetry this time, our result and further precision measurements can help us find it in the future.
Next year, the LHC will switch on after a long shut down and the new upgraded LHCb detector will take much more data, boosting the sensitivity of these measurements further. Meanwhile, theoretical physicists are working on new calculations to interpret this result. The LHCb physics program will also be complemented by the Belle-II experiment in Japan. These are exciting prospects for investigating matter-antimatter asymmetry and the oscillations of mesons.
While we cannot yet completely solve the mysteries of the universe, our latest discovery has put the next piece in the puzzle. The new upgraded LHCb detector will open the door to an era of precision measurements that have the potential to uncover yet unknown phenomena, and perhaps physics beyond the Standard Model.
This article is republished from The Conversation under a Creative Commons license. Read the original article.
Image Credit: motionstock from Pixabay
Read the original here:
CERN: How We're Probing the Universe's Origins Using Record Precision Measurements - Singularity Hub
Posted in Singularity
Comments Off on CERN: How We’re Probing the Universe’s Origins Using Record Precision Measurements – Singularity Hub