Category Archives: Technology

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Capacity heard from Gestor de Infraestructuras de Guinea Ecuatorial (GITGE) about the company's work in Equatorial Guinea

Q. How is Equatorial Guinea transforming into the next West Africa tech hub?

A tech hub is composed of an ecosystem. Connectivity is one art of the ecosystem, but education, and a culture of innovation is also key. We have been working hard on connectivity and today Equatorial Guinea is a key location as crossroad between Africa, Europe and theAmericas. Now we are working in bringing innovation through the creation of an innovation hub that will foster projects in education in science, technology and engineering orientated to African market and needs.

Q. How are the ACE, Ceiba-1, and Ceiba-2 subsea cables, along with the RNFO national fibre-optic backbone project, helping to boost this mission?

Having cost-effective broadband connectivity to the internet but also to our neighboring countries is key for the ecosystem development. Thanks to our systems of cables, we have direct connectivity to Europe, South Africa, the largest African markets as Nigeria as well as South America and the US. Under this positioning, Equatorial Guinea can be considered as a gateway for the African market.

Q. What new infrastructure will GITGE be responsiblefor over the coming 12 months that will further boost international connectivity in West Africa?

Looking at infrastructure, GITGE will continue deploying fibre networks, which are orientated to bring fibre broadband speeds to the citizens through the implementation of fibre-optic in the access, fibre to the home and providing large fibre connectivity for the operators deploying 4G and 5G networks in Equatorial Guinea. On West African connectivity, we will be building a direct branch to the SAIL cable, providing direct interconnection to the Americas and we are following closely the major submarine initiatives coming in West Africa in the next two years.

Q. What are GITGEs key strategic points of focus in 2020 with this mission statement?

GITGEs focus in 2020 and beyond is in triggering, from a connectivity point of view, the digital transformation in Equatorial Guinea. Digital transformation is about leveraging digitisation and digitalisation to transform our life, our business, and to innovate our way to approach to challenges and to our daily needs. In the current business environment, technology improves the businesses agility but also introduce means to innovate products and services, improving customer experience.

Q. How is GITGE working with international carriers and partners to leverage Equatorial Guinea as a tech hub?

GITGE is working actively with international carriers. GITGE has been and is present in the major telecommunications events and has started to be a player in the international market during 2019 and 2020. GITGE is working on a platform to make the use of international capacity from Equatorial Guinea to Africa from international carriers.

Dr. Oscar Ondo, is an entrepreneur and a revered thought leader in the African tech space. He currently serves as the Director-General of GITGE, Equatorial Guinea Fiber Optic Infrastructure Manager. He is extremely passionate about the promotion of the ICT industry in Sub Saharan Africa and works with the public and private sector to promote entrepreneurship, education and economic diversification throughout the ICT sector as well as improve access to internet and communications in rural and low-income urban areas.

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GITGE - The New West African Technology Hub - Capacity Media

DUBLIN--(BUSINESS WIRE)--The "Battery Technology Market by Technology Type (Lithium-Ion Battery, Lead Acid Battery, Nickel Metal Hydride Battery, Other Battery Technologies), Application (Power & Utilities, Transportation, Consumer Electronics) and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Battery Technology Market Size is Estimated to Grow from USD 92.0 Billion in 2020 to USD 152.3 Billion by 2025, at a CAGR of 10.6%.

Major factors fueling the market growth include increasing demand for electric and hybrid electric vehicles, high demand for battery technology in the renewable energy sector, upsurge in demand for automation & battery-operated material-handling equipment in industries, and high demand from the utility sector.

The market for lithium-ion batteries to grow at the highest CAGR during the forecast period.

Lithium-ion batteries are used mainly for automotive applications; in consumer electronics, such as smartphones, laptops, tablets, wearable devices, and other home applications. Electric vehicles are perceived as the future of the automobile industry and transportation system. The growing use of PHEVs is likely to drive the Li-ion battery market during the forecast period. Li-ion batteries are also used in a wide range of portable devices and industrial applications. Furthermore, Li-ion battery technology is used to increase efficiency and make devices easily customizable.

Transportation application to hold a major share of battery technology market during the forecast period.

The increase in the production of electric vehicles and subsequent demand for lithium-ion batteries is driving the battery technology market in transportation. With the new carbon emission standards in place, the need to adopt advanced battery technologies in the transportation sector has become even more urgent.

APAC to hold the largest market share for battery technology during the forecast period.

The adoption of battery technology is high in APAC as the region mainly comprises developing economies such as China and India, which have a huge potential for many application areas within the battery technology market. The presence of several electronic manufacturers such as Panasonic Corp. (Japan), Samsung SDI Co., Ltd. (South Korea), Contemporary Amperex Technology (China), BYD Auto Co., Ltd. (China), and LG Electronics Inc. (South Korea) is one of the key factors driving the market for batteries in APAC. The region has become an attractive automotive market. In recent years, it has emerged as a hub for automobile production. Recent infrastructure developments and industrialization activities in emerging economies have opened new avenues and opportunities for OEMs.

Reasons to Buy this Report:

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Study Scope

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research data

2.2 Market size estimation

2.3 Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Market Drivers

5.2.2 Market Restraints

5.2.3 Market Opportunities

5.2.4 Challenges

6 Industry Trends

6.1 Introduction

6.2 Value Chain Analysis

6.3 Emerging Battery Technologies

6.4 Standards & Regulations

7 Market by Technology Type

7.1 Introduction

7.2 Lithium-Ion Battery

7.2.1 Market for Lithium-Ion Battery, By Type

7.2.2 Market for Lithium-Ion Battery, By Power Capacity

7.3 Lead Acid Battery

7.3.1 Market for Lead Acid Battery, By Type

7.3.2 Market for Lead Acid Battery, By Construction Method

7.3.3 Market for Lead Acid Battery, By Technology

7.4 Nickel Metal Hydride Battery

7.5 Other Battery Technology Type

8 Market by Application

8.1 Introduction

8.2 Power & Utilities

8.3 Transportation

8.4 Industrial

8.5 Commercial & Residential

8.6 Consumer Electronics

8.7 Medical

9 Market by Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 APAC

9.5 Rest of the World (RoW)

10 Competitive Landscape

10.1 Battery Technology market Rank Analysis

10.2 Competitive Situations and Developments

10.3 Competitive Leadership Mapping

11 Company Profiles

11.1 BYD Company

11.2 Chaowei Power Co., LTD.

11.3 Clarios

11.4 East Penn Manufacturing Company, Inc.

11.5 EnerSys

11.6 Exide Industries

11.7 Hitachi Chemical Company, LTD.

11.8 LG Chem LTD.

11.9 Panasonic Corporation

11.10 Samsung SDI

11.11 Others

12 Appendix

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/mpwdpz

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Global Battery Technology Market Size is Estimated to Grow from USD 92.0 Billion in 2020 to USD 152.3 Billion by 2025, at a CAGR of 10.6% -...

PORT WASHINGTON, N.Y., March 5, 2020 /PRNewswire/ -- Sandata Technologies, LLC (Sandata), the leading provider of Sandata's Electronic Visit Verification (Sandata EVV) and home health technology solutions, announced that they will be demonstrating at HIMSS the use of Sandata's EVV software to deliver Care Coordination in the Home Care market.

The Sandata EVV solution ensures 21st Century Cures Act compliance by electronically capturing all the data elements required by the Centers for Medicare & Medicaid Services (CMS). Sandata offers flexible visit verification technologies, which include mobile/GPS, telephonic, and fixed visit methods to validate patient coverage and improve coordination in the field. When coupled with the Sandata Agency Management software solution, Sandata EVV can provide integrated access to schedules, patient specific plan of care, task reporting, and much more.

The use of EVV is required by CMS for Medicaid members, and Sandata will demonstrate how their EVV solution can be expanded to enable Care Coordination for members receiving services in the home and community. By expanding the value-proposition of the use of EVV beyond the Cures-specific functionality, Sandata will show payers and providers how to improve Care Coordination for medically fragile individuals.

Sandata is the first and only vendor to achieve CMS Certification for EVV. Sandata EVV is the state-selected solution in 14 states, has significant market share in provider choice states, and is actively involved in the procurement process with several additional states. "We're excited to offer our guidance and expertise to payers and providers at HIMSS as they invest in a technology solution that best fits the needs of their organization," said Steve Pellito, Sandata's SVP of Business Development.

Sandata's EVV solution will be on display inside the Verizon booth, #3345. Sandata EVV is an easy to use, industry leading technology that improves the delivery of patient care, delivers operational efficiencies for both caregivers and homecare agency staff, creates opportunity for cost savings, and ensures agencies meet compliance with state specific EVV regulations.

In addition to showcasing the Sandata EVV solution, Tom Underwood, Sandata's CEO, will be presenting an educational session for attendees on the topic "Care Coordination in the Home and Community" in the Verizon booth on March 11th 4:00pm.

About Sandata:

Sandata is a leading U.S. provider of home care solutions that enable government agencies, Managed Care Organizations, and home care providers to manage and optimize the delivery of services. Sandata's suite of products includes Sandata EVV, a market leading Cures Compliant EVV solution; Santrax Agency Management and Santrax Payer Management, web-based software solutions with features including a jurisdictional solution for states and other payers; and Santrax Member Management, an Rehabilitation Act Section 508 compliant member portal for self-directed programs. Sandata is the only vendor that has experience with all four models currently deployed for EVV compliance with the 21st Century Cures Act: Provider Choice, MCO Choice, State Choice, and Open Vendor.

SOURCE Sandata Technologies, LLC

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Sandata Demonstrates Enhanced Care Coordination with the use of EVV Technology at HIMSS - PRNewswire

SARATOGA COUNTY Middle school and high school students begin competing this month in the 2020 National Science Bowl, sponsored by the Department of Energy and managed by DOEs Office of Science, leading up to the National Championship in April 2020.

Buzzers, not bells, will ring in the New Year for thousands of middle- and high-school students all across the U.S. That's because they'll soon be pitting their math and science knowledge and their reflexes against one another in regional competitions of the Department of Energy's (DOE's) 30th National Science Bowl (NSB).

Students from Saratoga Springs High School and Burnt Hills-Ballston Lake High School will be participating, among several other schools in the Albany area.

The competitions start this month, with four students from each team facing off in a fast-paced, question-and-answer format. (More information about the date and location of specific regionals can be found through the NSB Homepage). The winning team from each of the 50 middle- and 65 high-school regions will compete in the National Finals, held in Washington, D.C. from April 30 to May 4, 2020. At the Finals, winning teams can score exciting adventure trips to Alaska and national parks across the country to learn first-hand about science in the field, as well as trophies, medals, and supplies for their schools' science departments. But to many, the ultimate prize simply would be the prestige of winning the National Championship.

Each year, the NSB draws more than 14,700 middle- and high-school competitors. More than 305,000 students have faced off in the NSB Finals since the first competition in 1991. The knowledge that former NSB competitors have acquired and more importantly, the habits of study that they've learned along the way have led them to success in a variety of fields. Many have become researchers; others are science and math professors at some of our nation's most prestigious universities.

While those career paths might seem intuitive, the math and science knowledge students need to be successful in the NSB also can lead to successful careers in other fields. The 2020 NSB competitors will follow in the footsteps of previous National Science Bowl contestants, and will blaze a trail for students in science, math and engineering for the next quarter-century.

The National Science Bowl is a nationwide academic competition that tests students' knowledge in all areas of science and mathematics. Middle and high school student teams from diverse backgrounds are comprised of four students, one alternate, and a teacher who serves as an advisor and coach. These teams face-off in a fast-paced question-and-answer format, being tested on a range of science disciplines including biology, chemistry, Earth and space science, physics, energy, and math. The U.S. Department of Energy Office of Science manages the National Science Bowl and sponsors the NSB finals competition.

DOE's Office of Science is the single largest supporter of basic research in the physical sciences in the United States and is working to address some of the most pressing challenges of our time. For more information, please visit http://www.energy.gov/science.

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Inspiring and Challenging the Nation's Future Leaders in Science and Technology - Saratoga TODAY Newspaper

Company Named Winner in the Info Securitys PGs 16th Annual 2020 Global Excellence Awards

Cyware Labs, provider of advanced cyber fusion solutions, was awarded Gold in the Threat Intelligence Technology category in the prestigious Info Security Products Guides 16th Annual 2020 Global Excellence Awards. Cyware has also been recognized as a leading security startup with a Bronze in the Startup of the Year - Security Software category. The ISPG global awards celebrate the cutting-edge innovations in the security and technology sector by vendors that are setting new standards through their disruptive products, solutions, and services.

"We are proud to be recognized by Info Security Products Guide as an industry leader in the threat intelligence technology market," says CEO and Co-Founder, Anuj Goel. "With increasing cyber risks for organizations globally, Cyware is focused on developing security solutions to alleviate the pain points and limitations in modern security operations. Powered by threat intelligence automation and integrated threat response capabilities, Cywares security solutions help organizations proactively identify and counter advanced threats at an early stage of the attack lifecycle and stay ahead of the ever-evolving tactics and techniques of threats actors while also improving collaboration through its cyber fusion capabilities."

Cyware empowers organizations to collaborate and proactively respond to security threats with advanced cyber fusion solutions for threat intelligence sharing, threat response, and security automation. The Cyware suite enables organizations to aggregate and analyze threat intelligence from multiple sources agnostically, collaborate with partner organizations through intel sharing, and respond to all security threats in an automated manner with due human control. The core offerings in Cywares modular, integrated cyber fusion center include:

Cywares suite of cyber fusion solutions has enabled several Fortune 500 organizations and associations from Financial Services, Healthcare, Energy, and Retail, as well as Information Sharing and Analysis Centers (ISACs/ISAOs), MSSP, and National CERTs to improve their security maturity through the graduated deployment of its security solutions. The Cyware security suite provides a clear path to progressively address issues in different layers of security operations by boosting situational awareness, simplifying threat intelligence operations, integrating security functions through cyber fusion, and using security orchestration gateways to establish more efficient and automated security processes.

About Cyware

Cyware Labs is a product-based cybersecurity provider headquartered in New York, USA. Cyware offers a full-stack of innovative cyber fusion solutions for strategic, tactical, technical and operational threat intelligence sharing, security automation and full threat response. Cywares solutions are designed to inculcate cyber resilience and promote secure collaboration between organizations. Cywares products while enhancing threat visibility, also deliver the needed control for a proactive response by providing organizations with an automated context-rich analysis of threats without losing the element of human judgment. To learn more about Cywares Enterprise Solutions, please visit cyware.com, follow on Twitter or join Cywares LinkedIn Community.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200305005278/en/

Contacts

Sara Knott, 540-764-0043LaunchTech Communicationssknott@golaunchtech.com

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Cyware Recognized as Industry Leader in Threat Intelligence Technology - Yahoo Finance

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Looking at how policing with technology is done in Las Vegas - FOX5 Las Vegas

RESTON, Va.--(BUSINESS WIRE)--Ellucian, the leading provider of software and services built to power higher education and Kaufman Hall, a leading provider of enterprise performance management software, data, and management consulting services, announced today they now offer college and university financial professionals deeper, more actionable insights to strengthen financial performance and planning.

Colleges and universities using solutions from both vendors now have more efficient tools to expand data sharing, improve analysis, and increase access to intelligence that helps monitor financial performance and plan for the future.

Deriving reliable and actionable financial insight from a complex array of data is an essential competency for colleges and universities to succeed in a highly competitive and changing higher education market, said Ellucian President and CEO Laura Ipsen. That is why we continue to offer these capabilities to our customers through Ethos integration and the Axiom Higher Education Suite. Not only can financial professionals efficiently gauge their historical and current performance, but they also can create forecasts to guide strategic planning and budgets.

We are excited to take the next step with Ellucian to deliver the data and insights higher education institutions need to succeed, said Kaufman Hall Software CEO Kermit S. Randa. This expanding partnership further demonstrates how innovation, collaboration, and choosing the right partners can help colleges and universities drive cost savings and increase contribution margins. We look forward to further opportunities to work with Ellucian to serve our shared clients.

Partnership details

The connection between Kaufman Halls Axiom Higher Education Suite and Ellucian Banner and Ellucian Colleague helps institutions tie general ledger, human resources, and student information with financial data to improve efficiency, expand data sharing and analysis, and increase access to intelligence that enables data-driven decision making and course correction when necessary. It removes the need for reliance on time-intensive, inefficient, manual processes and data input and empowers institutions to focus on strategic goals and long-term financial stability.

This powerful combination of industry expertise and innovative technology is exactly what colleges and universities need to tackle day-to-day challenges like budgeting and reporting, and big challenges, such as strategic planning and labor planning. Ellucian formally recognized this promising partnership while presenting the Rising Star Award to Kaufman Hall at its annual Technology Partner Forum, in conjunction with the EDUCAUSE Annual Conference, in October 2019.

Webinar: putting insights into action

Ellucian and Kaufman Hall will offer university financial professionals a webinar on March 19, 2020, to share new strategies for using data analytics and integrations to shorten budget cycles, boost reporting efficiency and expedite data-driven financial decisions.

According to Kaufman Halls 2020 Higher Education Financial Trends Report, 76 percent of finance leaders feel higher education lags other industries in adoption of modern tools and processes. Efficiency is a significant challenge for colleges and universities, as long budget cycles, a key indicator of inadequate tools, continue to increase steadily. Based on the research, budget cycles lasting for more than six months are up from 34 percent in 2018 to 43 percent in 2020.

During this webinar, Kristen Albritton, VP of finance and strategy at Community College of Rhode Island, will share her plans to streamline the budget cycle with Axiom software, which includes Ellucian integration. She will also share how the solution can help other institutions move away from spreadsheets, simplify labor planning, and streamline reporting to increase financial transparency across the institution.

Webinar details:

About Kaufman Hall

Kaufman Hall provides a unique combination of software, management consulting and data solutions to help societys foundational institutions to realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods, rigorous analytics and industry-leading solutions into their strategic planning and financial management processes, with a focus on achieving their most challenging goals.

Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.

Kaufman Hall software includes the Axiom Software Suite, providing sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting deliver decision support, reporting, and analytics within an integrated software platform.

About Ellucian

Ellucian is the market leader charting the digital future of higher education with a portfolio of cloud-ready technology solutions and services. From student recruitment to workforce analytics; from fundraising opportunities to alumni engagement; Ellucians comprehensive suite of data-rich tools gives colleges and universities the information they need to lead with confidence.

Working with a community of more than 2,700 customers in over 50 countries, Ellucian keeps innovating as higher education keeps evolving. Drawing on its comprehensive higher education business acumen and a suite of services, Ellucian guides its customers through manageable, sustainable digital transformationso that every type of institution and student can thrive in todays fast-changing landscape. To find out whats next in higher education solutions and services, visit Ellucian at http://www.ellucian.com.

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Ellucian and Kaufman Hall Technology Partnership Provides Powerful Financial Performance and Planning Insights to Higher Education Institutions -...

TEL AVIV, Israel--(BUSINESS WIRE)--Votiro, a global leader in content disarm and reconstruction (CDR) technology, today announced their receipt of two awards, attesting to the companys proven ability to proactively defend against file-borne malware. Votiro was named Best CDR Provider by the 2020 Cybersecurity Excellence Awards, and also received the 2020 bronze award for Hot Security Technology of the Year by the industrys leading information security research and advisory guide, Info Security Product Guides (ISPG) Global Excellence Awards.

Companies rely on the ability to share electronic files when communicating with their employees, customers and vendors. Yet today, nearly 90 percent of cyber-attacks are carried into companies through the inadvertent receipt of malicious files. Votiros proprietary, next-generation CDR technology disassembles a document, and then reconstructs a perfect replica of that documentleaving out viruses and malware in a fraction of a second.

To date, Votiros technology has successfully processed over five billion documentsand did not allow a single breach, said Aviv Grafi, CEO, Votiro. Our customers no longer have to caution employees to think twice before clicking on shared documents. Votiro maintains high workforce productivity in conjunction with security, hardens networks and supports CISOs in positioning themselves as business enablers, rather than inhibitors.

Votiro holds more patents, 16 for CDR technology, and more customers than any competitors in the category. To date, the company has over 400 customers and 1.5 million users worldwide, many of them government agencies in Japan and Singapore that have mandated the use of Votiro Disarmer. Disarmer acts as a secure file gateway for email attachments, download and transfer files, shared content and removable media, while keeping performance and functionality intact. The technology can handle complex file structures, such as embedded macrosone of the most common exploitablesas well as .zip and password protected files.

Votiro will be attending various cybersecurity industry events in the spring and summer of 2020. The team traveled to the United States in February to attend the RSA Conference, where Grafi spoke with numerous partners and customers, as well as representatives from media outlets and analyst firms. While there, he also attended the Americas Growth Capital (AGC) Information Security & Broader Technology Growth Conference. To learn more about Votiro, please visit https://votiro.com/.

About Votiro

Votiro is an award-winning cybersecurity company with a mission of securing organizations throughout their digital transformation journey. Its proprietary next-generation CDR technology allows users to safely open email attachments, download and transfer files, share content, and use removable media, while keeping performance and functionality intact. With over 400 customers globally, Votiro has offices in US, Singapore, Australia, and Israel. Votiro is a Gartner Cool Vendor award winner and certified by the international standard of Common Criteria for Information Technology Security Evaluation (ISO/IEC 15408).

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Votiro Receives Industry Recognition for Content Disarm and Reconstruction Technology - Business Wire

Students at universities across the United States participated in protests to demand their schools refrain from using facial recognition on campus.

The protests on Monday came after pushback led by students and digital rights group Fight for The Future against a proposed facial recognition program at the University of California Los Angeles (UCLA) led the school to reverse course and drop the technology. Students at around a dozen schools staged protests on campus in person this week while 36 schools saw online actions including petitions.

Colleges are becoming a flashpoint in the fight against facial recognition and we are really seeing a huge surge in students, professors, faculty and researchers organizing around this, said Evan Greer, the deputy director of Fight for the Future.

In 2019, UCLA administrators proposed using facial recognition software for security surveillance on campus. In a campaign against the program, Fight for the Future ran facial recognition technology on more than 400 photos of UCLA faculty members and athletes and found the software incorrectly matched 58 of those with photos in a mugshot database. The majority of those misidentified by the database were people of color.

Following the changes from UCLA, students at a number of universities across the US sought to push back against proposed or actual programs at their own schools. On Monday, students from nearly a dozen schools including Kent State University, DePaul University, Yale Law School and University of Oregon sent letters and emails to administrators expressing opposition to facial recognition program.

Dominique Coronel, a student at DePaul University who participated in the action said he was compelled as a first generation Mexican-American college student disturbed by deportations carried out by US Immigration and Customs Enforcement (Ice) to speak out against the technology.

Now that we know (Ice) is likely using facial recognition, Im even more compelled to participate in campaigns to ban the technology from campuses, he said. Education should be a safe place, but this technology hurts the most vulnerable people in society.

Around 10 schools in the US are confirmed to be using facial recognition on campus, according to data from Fight for the Future, and even more have refused to say whether they are using it. About 50 schools, including Harvard, Columbia, University of Michigan, and most recently UCLA, have now committed to not using the technology after being pushed by Fight for the Future to take a stand publicly. Following Mondays day of action, Oberlin College in Ohio also committed to not using facial recognition technology.

At the heart of the campaign on Monday is an attempt to get more clarity around which schools use the technology, and which have pledged not to use it, Greer said, and ultimately action from legislators.

In the end, it shouldnt be up to some campus safety officer or even a college president or administrator to make decisions like this without having all the facts or knowing all the potential risks of implementing such a system, she said. This underscores the broad need for lawmakers to get off their asses, and do their jobs, and pass legislation to ban the use of this technology.

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'Ban this technology': students protest US universities' use of facial recognition - The Guardian

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General Motors has big electric-vehicle ambitions, and Wall Street appears to be impressed.

GM comes out swinging against Tesla, Wedbush analyst Dan Ives wrote in a Wednesday evening research report, following the companys electric-vehicle technology presentation near Detroit earlier in the day.

Ives covers Tesla (ticker: TSLA) stock but not General Motors (GM). He was interested in what the state of EV technology is at a traditional auto maker that predominantly builds gasoline-powered vehicles. We believe the event was a clear shot across the bow against [Elon] Musk and Tesla, which continues to lead the EV landscape by a clear margin.

Even though Ives thinks Tesla is in the lead, he said Musks company has to take GM seriously in this EV arms race.

GM CEO Mary Barra said Wednesday that from 2020 to 2025, we will allocate more than $20 billion of capital and engineering resources to our EV and [autonomous vehicle] programs. Our investments are delivering real results and as you will see here today, they will dramatically change the future of this company and of our industry.

GM wants to sell 1 million electric vehicles annually by the middle of the 2030s. It should be noted that Tesla plans to sell 500,000 electric vehicles in 2020. Thats part of the lead Ives mentioned.

GMs EV day should help show investors that GM is serious about decarbonization and has a strong plan, RBC analyst Joe Spak wrote in a Thursday research report. He noted that GM is planning to offer 20 battery-powered models by 2023. Spak is a GM bull, rating shares the equivalent of Buy. His price target is $49 for GM stock. Spak is also a Telsa skeptic. He ratse Tesla stock the equivalent of Sell and has a $530 price target for shares.

J.P. Morgan analyst Ryan Brinkman has the same rating structure on the stocksbuy GM, sell Tesla. GM showcased its work on a next generation of batteries it calls Ultium which possess performance characteristics when mated to its new drive units that we estimate are at least on par with or even exceed that of the most advanced competition, he wrote in a Thursday research report.

Brinkman noted that GM says its batteries can travel up to 400 miles on a charge without compromising performance, such as rapid acceleration. Telsas base Model 3 will go about 320 miles on one charge. That is one data point in favor of GM, but apples to apple comparisons are difficult. Factors such as how many battery cells are included in a cars battery pack isnt known. EVs, in theory, can increase range by adding battery cells. That, of course, adds cost and weight.

GM made a compelling presentation that it will be among the leaders globally in electric vehiclesand made a compelling case that along with its partner LG Chem, its battery science was at the leading edge, Benchmark analyst Mike Ward said in an interview. If Tesla made this presentation there is no telling where the stock would trade.

Thats a funny line. Ward has a point, though. Tesla stock is up 171% over the past year, crushing comparable returns of the S&P 500 and Dow Jones Industrial Average. Shares trade for about 89 times estimated 2020 earnings. GM shares, on the other hand, trade for about 5 times estimate earnings and are down about 21% over the past year.

GM partners with LG Chem (051910.Korea) on battery technology. Teslas battery partner is Panasonic (6752.Japan).

Write to Al Root at allen.root@dowjones.com

Link:

GM Came Out Swinging Against Tesla With Its Electric-Vehicle Technology - Barron's