4H0-004 questions - HCP-Hyperion System 9 Financial Management 4.1 Updated: 2023

Earl Joseph, CEO, Hyperion Research, at market update breakfast in Hamb

The HPC industry managed to achieve modest overall growth in 2022, but growth of any kind was in doubt right up to the end of the year, according to HPC-AI industry analyst firm Hyperion Research, which hosted its bi-annual HPC market update at a breakfast event this week during the ISC 2023 conference in Hamburg.

According to the firm’s findings, HPC grew by 4 percent last year, but “we were very concerned throughout the year,” said Hyperion CEO Earl Joseph, adding that “with all the supply chain issues and the economic impacts, it did not grow at the same rate we were hoping for.”

Growth in the larger HPC-AI sector is expected to be stronger in 2023, in part this is likely to reflect explosive growth in sales of AI accelerators and GPUs in servers used for generative AI workloads. Hyperion reported that 94.3 percent of sites surveyed have accelerators in their largest system today, up from 82.7 percent in 2021. Hyperion’s findings reflect the latest quarterly earnings from GPU market leader NVIDIA. Released this week, they were well above estimates and drove up NVIDIA shares higher by 25 percent.

Longer term growth in generative AI is expected to be a key HPC industry driver over the next four years, resulting in a sector CAGR for the 2021-2026 period of 17.9 percent, according to Hyperion.

“AI is becoming more pervasive,” Joseph said. “Chat GPT really put a spotlight on what AI can do, it’s a big success story and people are using it. We’re talking to a large number of users, buyers and consumers of products with all different ideas of how AI could be used, and Chat GPT is good sign of it.”

As for 2022, Joseph said the HPC industry’s 4 percent growth applies to the entire market, including on-premises servers, storage, middleware and application services, along with spending to run HPC workloads from the cloud. He said there had been hope that the industry would grow by 6 or 7 percent, “but some things (i.e., realized revenue) slipped from 2022 to 2023.”

Overall industry revenues were boosted by the $7.3 billion supercomputer segment (systems priced at more than $500,000), with revenue from leadership-class exascale and pre-exascale systems spurring growth.

In the ongoing horse race for HPC on-prem server supremacy, HPE held its lead over its perennial second-place rival Dell, according to Hyperion. HPE tallied $5.1 billion in server revenue in 2022 while Dell came in at $3.6 billion. They were followed by Lenovo ($1.2 billion), Inspur ($1.1 billion) and Sugon at $600 million. Other leading HPC server vendors, in order of sales: IBM, Atos (Eviden), Fujitsu, NEC and Penguin.

Divided by on-prem server market segments, the government lab sector was the largest ($3.3 billion), followed by university/academic ($2.7 billion), CAE ($1.8 billion), defense ($1.6 billion) and bio-sciences ($1.1 billion). If government labs and defense were combined into a single government category, it would amount to nearly $5 billion.

Looking ahead, Hyperion predicts “decent growth” in 2023 helped by acceptance of several exascale-class leadership systems along with growth in AI and cloud HPC spending. The firm said the market will reach approximately $17 billion in on-prem server revenues and $33 billion in total on-premises HPC spending this year.

Hyperion expects HPC cloud spending to grow from $6.3 billion in 2022 to $7.4 billion this year. Looking out further, cloud HPC is predicted to reach $11.6 billion in sales by 2026. During the 2020-2026 period, Hyperion said cloud HPC will enjoy a 17.9 percent CAGR.

Joseph said Hyperion anticipates a “tipping point” of rapid cloud HPC growth in part driven by AI.

“We think, with Chat GPT, generative AI, large language models and everything that’s happening in AI has shown a spotlight on how AI can be used and will cause and kind of trigger, that next tripping point,” he said. “…we’re looking at around 18 percent growth over a five-year window, which is just phenomenal growth here in the market. We’re expecting to see the spending for HPC in the cloud to be on the order of $12 billion by 2026.”

Europe continued in 2022 to emerge as a rising HPC region (two of the top four systems on the TOP500 list of the world’s most powerful supercomputers are on the continent). Hyperion reported that for the overall EMEA (Europe, Middle East and Africa), the supercomputer server sector will reach $2.2 billion in 2023, growing to $2.9 billion in 2026 for a CAGR from 2022-2026 of 9.3 percent.

Marvel Studios has been on a roll with their Phase 5 slate, and it officially picked up with Guardians of the Galaxy Vol. 3 hitting theaters. The future of the Marvel Cinematic Universe features some movies and series, including the second season of Loki. It was previously rumored that Henry Cavill could be playing Squadron Supreme's Hyperion in the series, but nothing has been confirmed. One artist seems to think that Cavill would be great as the character and even created a concept that shows off how the Man of Steel star could look as the character. An artist on Instagram who goes by the handle @Spdrmnkyxxiii created a design last year that imagines how Cavill could look as Marvel's Hyperion in the MCU. In the fan art, Cavill gets Hyperion's classic costume from the comics, and it fits him pretty well. While Cavill isn't in the running for any MCU roles, Hyperion would be a great fit for his talents.

You can check out the fan art below.

Henry Cavill Recently Commented on Playing Hyperion in the MCU 

Cavill recently appeared at a live recording of Josh Horowitz's Happy Sad Confused podcast during a benefit for The 92nd Street Y in New York last year and addressed if he would appear as Hyperion in Loki Season 2. Cavill played the situation pretty coy and hinted that the jump from DC to Marvel wouldn't be impossible.

"As far as I know, I am not going to be in Loki..." Cavill revealed. "It would be a tricky one to handle at this stage…If James Gunn can do it, maybe I can too."

Who is Marvel's Hyperion?

Created by Roy Thomas and Sal Buscema in 1969's The Avengers #69, Hyperion is a mantle held by multiple men in the pages of Marvel Comics. Originally a member of the villainous Squadron Sinister, the character was later reintroduced as a hero named Mark Milton, the last surviving Eternal and a founding member of Earth-712's Squadron Supreme. A pretty clear pastiche of Superman, Hyperion plays a major role across the Squadron Supreme maxiseries, going blind in a fight with his evil counterpart, and falling in love with the group's take on Wonder Woman, Power Princess.

The character has been utilized multiple times ever since, has been canonized on Marvel's "main Earth" of Earth-616. Marvel fans have hypothesized about his arrival in the MCU a lot in recent years, both with Cavill playing him and just in general.

Loki Season 2 was expected to debut on Disney+ this Summer but it's looking more an more likely that it will premiere much later than that. Stay tuned to ComicBook.com for more updates on Hyperion, Henry Cavill, and Loki Season 2.

What do you think about the Hyperion fan art? Could you see Henry Cavill as the character? Let us know in the comments below or by hitting up our writer @NateBrail on Twitter!

Industry professionals can get expert insight into critical power trends and solutions for meeting power objectives.

FLORHAM PARK, N.J., May 11, 2023 /PRNewswire/ -- Power availability is a critical part of healthcare operations. From design to evolving compliance requirements, mission-critical facilities have a lot to consider when establishing a critical power system. ASCO Power Technologies, in partnership with CFE Media, is facilitating a free event to answer some of the most pressing and common critical power questions in healthcare.

"We will tackle Topics that can help facilities mitigate power-related life-safety risks and provide continuous patient care. The Q&A event will highlight best practices, code requirements, and innovative solutions that Improve power resilience," said ASCO Power Product Manager Peter Rossomando. "Attendees can learn valuable insights and actionable ideas from our esteemed panel of experts to strengthen their understanding of critical power systems."

The event titled Ask the Experts: Explore Critical Power Systems in Hospitals will happen on May 18, 2023, at 11 AM Eastern time. It will address key Topics such as:

• How to drive sustainability in electrical infrastructure
• The value of services in maintaining equipment performance
• Code requirements and how they help verify power availability and performance

To learn more about improving power resilience in healthcare facilities, register for the event here.

About ASCO Power Technologies 

ASCO Power Technologies has provided power reliability solutions for more than 125 years. As part of Schneider Electric, ASCO Power offers industry-leading power source and load management solutions that maximize resilience and sustainability to solve emerging power challenges.

The firm designs, manufactures, services, and supports automatic transfer switches, power control equipment, and critical power management appliances. ASCO products serve mission-critical functions in data centers, healthcare facilities, telecommunication networks, commercial buildings, and industrial operations.

To learn more about any of ASCO's critical power products and services, call (800) 800 ASCO (2726), email CustomerCare@Ascopower.com, or visit www.ascopower.com. For the latest news and updates, sign up for the newsletter and follow ASCO Power on Facebook, Twitter, and LinkedIn.

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Pennsylvania-based precision manufacturer will enhance Hyperion's finished component capabilities

WORTHINGTON, Ohio, May 18, 2023 /PRNewswire/ -- Hyperion Materials & Technologies, a leading global materials science company that develops advanced hard and super-hard materials for a variety of industries and applications, today announced an agreement to acquire Dura-Metal Products Corporation (Dura-Metal), a Pennsylvania-based company that manufactures wear- and corrosion-resistant precision tools and components from cemented carbides, advanced technical ceramics, ferroalloys, and high-speed steels.

"Dura-Metal has exceptional capabilities in machining and grinding of large components, electrical discharge machining (EDM), honing, lapping, and jig grinding that will expand and enhance our ability to serve customers in key markets that rely on custom precision wear parts, including aerospace, energy, battery manufacturing, electronics, medical, metalworking, and food and beverage," said Ron Voigt, Chief Executive Officer of Hyperion. "We're excited to bring the team into the Hyperion family, and we're already aligned in many important areas, including safety, quality, and building long-lasting relationships with our valued customers and business partners."

Dura-Metal has been making precision ultra-hard parts and tooling for more than 50 years. The company employs more than 100 people at its 48,000-square-foot manufacturing facility about 30 miles southeast of Pittsburgh.

"We're excited to combine Dura-Metal's application engineering and product finishing abilities with Hyperion's materials science expertise and global footprint," said Joe Freiland, CEO of Dura-Metal. "We're looking forward to this next chapter in our history and the exciting possibilities we can achieve together as we serve our collective and growing customer base."

In addition to serving its existing customers, Dura-Metal will become a vital part of the Precision Solutions by Hyperion® business unit that provides custom solutions and components for the most demanding applications. Precision Solutions includes Hyperion's global facilities and maximizes the collective strength of additional world-class manufacturers Crafts Technology, GLE Precision and Aggressive Grinding Service (AGS) to provide specialized finishing capabilities for tailored, high-quality wear components.

Story continues

Media Contact

David Means
Corporate Communications Professional
David.Means@HyperionMT.com

About Hyperion Materials & Technologies

Hyperion Materials & Technologies, headquartered in Worthington, Ohio, USA, is a global leader in hard and super-hard materials. Visit HyperionMT.com, LinkedIn or YouTube to learn more.

About Dura-Metal Products Corporation

Dura-Metal Products Corporation, headquartered near Irwin, Pa., USA, is a manufacturer of precision tooling and machined components that resist wear and corrosion for a variety of industries.

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SOURCE Hyperion Materials & Technologies

Hyperion Bancshares reelects its eight board members, hears strong report on its growth and industry segment

PHILADELPHIA, May 23, 2023 /PRNewswire/ -- At its annual meeting May 18, shareholders of Hyperion Bancshares, Inc., Hyperion Bank's holding company, heard from CEO and Chairman Charlie Crawford, who notes the bank continues its growth, with significant markers to demonstrate progress.

"We achieved exceptional loan growth which increased by 34% year over year," he says of Q1 2023 figures. "Our deposit growth was even stronger, increasing by 46% since the first quarter of 2022. These and other factors all contributed to our revenues increasing by 59% compared to the same period a year ago."

Crawford also shared that Hyperion's net loans since 2016 have a CAGR (compound annual growth rate) of 24.3%, with earnings and ROAA since 2016 at 37.4% CAGR.

"We were fortunate to be the new bank for at least one new customer whose banking relationship elsewhere was in flux due to the turmoil in the industry in the first quarter," says Hyperion President & COO Lou DeCesare. "We also were able to assist at least a couple of existing depositors who shifted additional accounts to us due to the turmoil, taking advantage of a program that covers account balances beyond the usual $250,000 FDIC limit. Notably, while the Depositors Insurance Fund, as it is called, has been on offer for some time now, we have not had customers take us up on that offering until now."

In addition to adding new customers and otherwise growing during the past year, DeCesare notes Hyperion added five new team members, including a highly experienced U.S. Small Business Administration lender who is expected to grow the bank's SBA program significantly.

"I continue to be proud of our small and agile team, who are always ready to pivot, going above and beyond to do things like quickly onboarding these new customers," DeCesare says. "We continue to demonstrate the security that comes with smaller banks like ours; these new customers in particular affirm this."

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The meeting also saw the re-election of eight board members; reelected to serve another year are Crawford; DeCesare; Jill K. Jinks, Chief Executive Officer of Insurance House Holdings, Inc.; James J. McAlpin, Jr., Partner, Bryan Cave Leighton Paisner, LLP; Robert N.C. Nix, III, Founder and President, Pleasant News, Inc.; Michael J. Purcell, retired Audit Partner, Deloitte & Touché; Lara Rhame, Chief U.S. Economist, FS Investments; and Gretchen M. Santamour, a Partner in Philadelphia law firm Stradley Ronon.

The 16-year-old bank expanded to the Atlanta market in 2019 and in 2020 launched joint venture Hyperion Mortgage, which now does business in Alabama, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, South Carolina and Tennessee.

Founded in 2006, Hyperion is a full-service community bank, connecting with customers via technology and highly accessible, experienced, enthusiastic bankers who have local decision-making authority. The bank offers a full range of SBA and non-SBA lending products. Member FDIC. Equal Housing Lender. Offer of credit is subject to approval.

#communitybank #communitybanking #communitybanker #HyperionBank #HyperionMortgage #HyperionBancshares

Media inquiries
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678-637-5532

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SOURCE Hyperion Bank

After three long years, the COVID-19 global health emergency is over.

So says the World Health Organization, which made that declaration on May 5. WHO is the sole agency tasked with orchestrating global responses to health threats. And WHO says that while the coronavirus pandemic is not entirely over, with recent spikes in Southeast Asia and the Middle East, the situation is no longer a global emergency.

WORLD HEALTH ORGANIZATION DOWNGRADES COVID-19 FROM GLOBAL EMERGENCY

That marks a major milestone since the emergence of the virus. The announcement comes more than three years after the pandemic began in early 2020, resulting in 1,124,063 U.S. deaths from confirmed cases. In 2022, COVID-19 was the fourth leading cause of death, according to the Centers for Disease Control and Prevention. Globally, the pandemic triggered several social and economic disruptions, including widespread supply and food shortages.

But the rapid fall in cases led WHO to call an end to the pandemic. After having declared the outbreak a public health emergency of international concern on Jan. 30, 2020, the WHO began referring to it as a pandemic on March 11, 2020.

"This trend has allowed most countries to return to life as we knew it before COVID-19. It’s with great hope that I declare COVID-19 over as a global health emergency,” WHO Director-General Tedros Adhanom Ghebreyesus said.

In a press conference, Tedros said the pandemic has been on a consistent downward trend for over a year. It's a change in tone from the height of the pandemic when the director-general fiercely fought countries who hoarded COVID-19 vaccines, warning of “catastrophic moral failure.”

“That does not mean COVID-19 is over as a global health threat,” he added, “This virus is here to stay. It's still killing, and it's still changing.”

When the United Nations first declared COVID-19 an international crisis in January 2020, there were no major outbreaks outside of China. However, after three years, the virus has caused an estimated 764 million cases globally and more than 6 million deaths globally. Millions of others report they still suffer from the long-term effects of the virus.

Dr. Mike Ryan, executive director of WHO’s Health Emergencies Program, said, “There’s still a public health threat out there, and we all see that every day in terms of the evolution of this virus, in terms of its global presence, its continued evolution and continued vulnerabilities in our communities, both societal vulnerabilities, age vulnerabilities, protection vulnerabilities, and many other things. So, we fully expect that this virus will continue to transmit.”

And WHO’s COVID-19 technical lead, Dr. Maria Van Kerkhove, warned COVID-19 could still be a threat.

“While we’re not in crisis mode, we can’t let our guard down,” Van Kerkhove said. The disease is “here to stay.”

According to WHO, over 13 billion doses of the COVID-19 vaccine have been administered around the globe.

WHO’s decision to conclude the emergency status comes days before the U.S. public health emergency declaration expires on May 11. The U.S. public health emergency’s expiration would mark the end of a significant number of measures that bolstered pandemic response, including some vaccine mandates and free testing.

WHO has been controversial in some quarters since the pandemic began. Many have considered the organization a contributor to its longevity and severity. It got involved in the politically thorny issue of the virus's origins, including potentially a Chinese lab.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

After a visit to China in 2021, WHO released a report that concluded COVID-19 likely came from animals but shortly backtracked, stating “key pieces of data” were still missing and, therefore, conceded the possibility of its origination from a lab leak.

And in January 2020, WHO praised China for its speedy and transparent responses. Meanwhile, private meetings obtained by the Associated Press showed top officials were frustrated with China’s lack of cooperation on the issue.

LOUISVILLE, Ky. (WDRB) -- Norton Healthcare continues to deal with fallout from a cyberattack on May 9. It is providing frustrated patients with guidance on how to communicate with doctors, hospitals and even its billing department.

Norton provides health care across the Louisville area and serves about 600,000 patients a year.

Since the attack, some people have had procedures or surgeries canceled, with the understanding they will be rescheduled. Others have had to spend days calling and being placed on hold trying to have prescriptions refilled.

Norton posted an update on its website late Wednesday giving patients detailed instructions on how to access care and get questions answered.

"Thank you for choosing Norton Healthcare and Norton Children's for your care. We are here to serve the community and we want to keep you informed about the cyber event that happened to our network on May 9. The event remains under investigation. We continue to bring systems back online and are closer to resuming all operations. Below is updated information about our systems and what patients can expect while the review is underway," said a statement on its website.

Here is the information posted on the Norton Healthcare website: 

Online Scheduling & e-Check-in

Online scheduling and e-Check-in are available through the Norton MyChart website and app. Norton eCare is also available. If you have questions, please call (502) 629-1234.

Billing Information

Billing information remains available within your Norton MyChart account. When we are able to accept online payments, patients will be notified.

Prescription Refills

If you are seeking a prescription refill, medications can be called into the pharmacy of the patient's choosing. If your prescription is not available at your pharmacy, please call your provider's office.

Test and Imaging Results

Our providers are working hard to communicate the results from tests and images and will share that information with you as quickly as possible.

Scheduled Procedures

If you have questions about a scheduled procedure, exam or appointment, please reach out to your provider's office directly or your provider will reach out to you if there is a need to reschedule.

Same-Day and Urgent Care

If you are seeking a same-day appointment for an illness or minor injury and do not need emergency care, you can visit Norton Prompt Care clinics and Norton Immediate Care Centers.

You can reserve a spot online for Norton Immediate Care Centers at NortonHealthcare.com/ICC. For Norton Prompt Care clinics, please call (502) 446-5555.

Communications

Patients are encouraged to call (502) 629-1234 with any questions they have about their care.

The answers to some of your questions may be available on NortonHealthcare.com or NortonChildrens.com. Providers are responding to voicemail messages as well as Norton MyChart messages as quickly as possible. We ask for patience as we are receiving more calls and messages.

Norton said it is getting help from experts to repair its system. "Norton Healthcare is working with third party specialists to carefully examine and safely restore all network applications following the cyber event. This process is a time consuming but critical part of the restoration process. We appreciate your patience as the investigation continues."

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LINCOLN, Neb. (KOLN) - Governor Jim Pillen said the $140 million he cut from the state budget with line item vetoes was excessive spending, but many of the most impacted organizations argue important services rely on those funds.

55% of Nebraska hospitals are running in the red right now, facing the dual pinch of rising costs of equipment and labor.

“As far as workforce and cost increase challenges, this ranks right up there with some of the toughest we’ve really faced,” said Jim Ulrich, the CEO of York General Hospital.

That’s why in the wake of Pillen’s wide-ranging line-item vetoes, some healthcare organizations and providers are sounding the alarm.

“Hospitals can close,” said Jeremy Nordquist the President of the Nebraska Hospital Association. “Certainly services can be cut. and that’s why we’ve got to make sure that we keep paying enough to sustain hospital services in rural Nebraska.”

Healthcare professionals are focused on a veto regarding the Medicaid reimbursement rate. Pillen wants to increase it by 3% next year but keep it flat the year after that, meaning $15 million in state and $30 million in federal funding won’t be available to providers in the state.

“Mandates that took place through the pandemic that increased our healthcare costs,” Pillen said Thursday. “We have to get back to normal quickly, and we have to be able to run our hospitals more efficiently. more money is not going to solve those problems.”

But margins for the minority of hospitals that stay out of the red are often paper thin. That’s the case at York General Hospital.

“All of our dollars that we put on the bottom line get re-invested back into our organization for needed improvements and paying the salary increases that are of huge demand today in our labor market,” Ulrich said.

Ulrich said the 3% increase next year was a compromise that didn’t go far enough. Now, with the flat rate the year after that, he is afraid York General may have to dip into its reserve fund or consider cutting some services.

The Nebraska Hospital Association said it’s working to get state senators to override that veto.

The vote could take place next Wednesday or Thursday, and it would require support from 30 senators.

Copyright 2023 KOLN. All rights reserved.

Pennsylvania-based precision manufacturer will enhance Hyperion's finished component capabilities

WORTHINGTON, Ohio, May 18, 2023 /PRNewswire/ -- Hyperion Materials & Technologies, a leading global materials science company that develops advanced hard and super-hard materials for a variety of industries and applications, today announced an agreement to acquire Dura-Metal Products Corporation (Dura-Metal), a Pennsylvania-based company that manufactures wear- and corrosion-resistant precision tools and components from cemented carbides, advanced technical ceramics, ferroalloys, and high-speed steels.

"Dura-Metal has exceptional capabilities in machining and grinding of large components, electrical discharge machining (EDM), honing, lapping, and jig grinding that will expand and enhance our ability to serve customers in key markets that rely on custom precision wear parts, including aerospace, energy, battery manufacturing, electronics, medical, metalworking, and food and beverage," said Ron Voigt, Chief Executive Officer of Hyperion. "We're excited to bring the team into the Hyperion family, and we're already aligned in many important areas, including safety, quality, and building long-lasting relationships with our valued customers and business partners."

Dura-Metal has been making precision ultra-hard parts and tooling for more than 50 years. The company employs more than 100 people at its 48,000-square-foot manufacturing facility about 30 miles southeast of Pittsburgh.

"We're excited to combine Dura-Metal's application engineering and product finishing abilities with Hyperion's materials science expertise and global footprint," said Joe Freiland, CEO of Dura-Metal. "We're looking forward to this next chapter in our history and the exciting possibilities we can achieve together as we serve our collective and growing customer base."

In addition to serving its existing customers, Dura-Metal will become a vital part of the Precision Solutions by Hyperion® business unit that provides custom solutions and components for the most demanding applications. Precision Solutions includes Hyperion's global facilities and maximizes the collective strength of additional world-class manufacturers Crafts Technology, GLE Precision and Aggressive Grinding Service (AGS) to provide specialized finishing capabilities for tailored, high-quality wear components.

Media Contact

David Means

Corporate Communications Professional

David.Means@HyperionMT.com

About Hyperion Materials & Technologies

Hyperion Materials & Technologies, headquartered in Worthington, Ohio, USA, is a global leader in hard and super-hard materials. Visit HyperionMT.com, LinkedIn or YouTube to learn more.

About Dura-Metal Products Corporation

Dura-Metal Products Corporation, headquartered near Irwin, Pa., USA, is a manufacturer of precision tooling and machined components that resist wear and corrosion for a variety of industries.

View original content to get multimedia:https://www.prnewswire.com/news-releases/hyperion-materials--technologies-to-acquire-dura-metal-products-corporation-301828624.html

SOURCE Hyperion Materials & Technologies