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According to this latest study, In 2022 the growth of ITSM Software Market is projected to reach Multimillion USD by 2028, In comparison to 2021, Over the next Seven years the ITSM Software Market will register a spectacular spike in CAGR in terms of revenue, In this study, 2021 has been considered as the base year and 2022 to 2028 as the forecast period to estimate the market size for ITSM Software.

ITSM Software Market” Insights 2022 By Types, Applications, Regions and Forecast to 2028. The global ITSM Software market size is projected to Reach Multimillion USD by 2028, in comparison to 2022, with unexpected CAGR during the forecast period, the ITSM Software Market Report Contains Full TOC, Tables and Figures, and Chart with In-depth Analysis Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Region.

ITSM Software Market – Covid-19 Impact and Recovery Analysis:

We have been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. This report analyzes the impact of the pandemic on the ITSM Software market from a Global and Regional perspective. The report outlines the market size, market characteristics, and market growth for ITSM Software industry, categorized by type, application, and consumer sector. In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.

Final Report will add the analysis of the impact of COVID-19 on this industry.

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It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavours profitable in the process.

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ITSM Software Market – Competitive and Segmentation Analysis:

This ITSM Software Market report offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2017-2022. The report also includes company description, major business, ITSM Software product introduction, recent developments and ITSM Software sales by region, type, application and by sales channel.

The major players covered in the ITSM Software market report are:

  • Atlassian
  • ASG Technologies
  • CA Technologies
  • Microsoft
  • BMC Software, Inc.
  • IBM
  • LogMeIn, Inc.
  • ServiceNow
  • SolarWinds
  • Ivanti

Short Summery About ITSM Software Market :

The Global ITSM Software market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Highlights

The global ITSM Software market is projected to reach USD million by 2028 from an estimated USD million in 2022, at a magnificent CAGR during 2023 and 2028.

North American market for ITSM Software is estimated to increase from USD million in 2022 to reach USD million by 2028, at a Impressive CAGR during the forecast period of 2023 through 2028.

Asia-Pacific market for ITSM Software is estimated to increase from USD million in 2022 to reach USD million by 2028, at a magnificent CAGR during the forecast period of 2022 through 2028.

The global market for ITSM Software in Wired Telephone Network System is estimated to increase from USD million in 2022 to USD million by 2028, at a Impressive CAGR during the forecast period of 2022 through 2028.

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, ITSM Software, which accounted for % of the global market of ITSM Software in 2021, is expected to reach million USD by 2028, growing at a revised CAGR of % from 2022 to 2028.

Report Scope

This report aims to provide a comprehensive presentation of the global market for ITSM Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding ITSM Software.

The ITSM Software market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue (USD millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global ITSM Software market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the ITSM Software manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies and Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Get a trial Copy of the ITSM Software Market Report 2022

Report further studies the market development status and future ITSM Software Market trend across the world. Also, it splits ITSM Software market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.

On the basis of product type this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

On the basis of the end users/applications this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

ITSM Software Market – Regional Analysis:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of ITSM Software in these regions, from 2015 to 2027, covering

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Some of the key questions answered in this report:

  • What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of ITSM Software?
  • Who are the global key manufacturers of the ITSM Software Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
  • What are the ITSM Software market opportunities and threats faced by the vendors in the global ITSM Software Industry?
  • Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
  • What focused approach and constraints are holding the ITSM Software market?
  • What are the different sales, marketing, and distribution channels in the global industry?
  • What are the upstream raw materials and manufacturing equipment of ITSM Software along with the manufacturing process of ITSM Software?
  • What are the key market trends impacting the growth of the ITSM Software market?
  • Economic impact on the ITSM Software industry and development trend of the ITSM Software industry.
  • What are the market opportunities, market risk, and market overview of the ITSM Software market?
  • What are the key drivers, restraints, opportunities, and challenges of the ITSM Software market, and how they are expected to impact the market?
  • What is the ITSM Software market size at the regional and country-level?

Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

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Detailed TOC of Global ITSM Software Market Research Report 2022

1 ITSM Software Market Overview

1.1 Product Overview and Scope of ITSM Software
1.2 ITSM Software Segment by Type
1.2.1 Global ITSM Software Market Size Growth Rate Analysis by Type 2022 VS 2028
1.3 ITSM Software Segment by Application
1.3.1 Global ITSM Software Consumption Comparison by Application: 2022 VS 2028
1.4 Global Market Growth Prospects
1.4.1 Global ITSM Software Revenue Estimates and Forecasts (2017-2028)
1.4.2 Global ITSM Software Production Capacity Estimates and Forecasts (2017-2028)
1.4.3 Global ITSM Software Production Estimates and Forecasts (2017-2028)
1.5 Global Market Size by Region
1.5.1 Global ITSM Software Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028
1.5.2 North America ITSM Software Estimates and Forecasts (2017-2028)
1.5.3 Europe ITSM Software Estimates and Forecasts (2017-2028)
1.5.4 China ITSM Software Estimates and Forecasts (2017-2028)
1.5.5 Japan ITSM Software Estimates and Forecasts (2017-2028)

2 Market Competition by Manufacturers
2.1 Global ITSM Software Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global ITSM Software Revenue Market Share by Manufacturers (2017-2022)
2.3 ITSM Software Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global ITSM Software Average Price by Manufacturers (2017-2022)
2.5 Manufacturers ITSM Software Production Sites, Area Served, Product Types
2.6 ITSM Software Market Competitive Situation and Trends
2.6.1 ITSM Software Market Concentration Rate
2.6.2 Global 5 and 10 Largest ITSM Software Players Market Share by Revenue
2.6.3 Mergers and Acquisitions, Expansion

3 Production Capacity by Region
3.1 Global Production Capacity of ITSM Software Market Share by Region (2017-2022)
3.2 Global ITSM Software Revenue Market Share by Region (2017-2022)
3.3 Global ITSM Software Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 North America ITSM Software Production
3.4.1 North America ITSM Software Production Growth Rate (2017-2022)
3.4.2 North America ITSM Software Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe ITSM Software Production
3.5.1 Europe ITSM Software Production Growth Rate (2017-2022)
3.5.2 Europe ITSM Software Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 China ITSM Software Production
3.6.1 China ITSM Software Production Growth Rate (2017-2022)
3.6.2 China ITSM Software Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Japan ITSM Software Production
3.7.1 Japan ITSM Software Production Growth Rate (2017-2022)
3.7.2 Japan ITSM Software Production Capacity, Revenue, Price and Gross Margin (2017-2022)

4 Global ITSM Software Consumption by Region
4.1 Global ITSM Software Consumption by Region
4.1.1 Global ITSM Software Consumption by Region
4.1.2 Global ITSM Software Consumption Market Share by Region
4.2 North America
4.2.1 North America ITSM Software Consumption by Country
4.2.2 United States
4.2.3 Canada
4.3 Europe
4.3.1 Europe ITSM Software Consumption by Country
4.3.2 Germany
4.3.3 France
4.3.4 U.K.
4.3.5 Italy
4.3.6 Russia
4.4 Asia Pacific
4.4.1 Asia Pacific ITSM Software Consumption by Region
4.4.2 China
4.4.3 Japan
4.4.4 South Korea
4.4.5 China Taiwan
4.4.6 Southeast Asia
4.4.7 India
4.4.8 Australia
4.5 Latin America
4.5.1 Latin America ITSM Software Consumption by Country
4.5.2 Mexico
4.5.3 Brazil

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5 Segment by Type
5.1 Global ITSM Software Production Market Share by Type (2017-2022)
5.2 Global ITSM Software Revenue Market Share by Type (2017-2022)
5.3 Global ITSM Software Price by Type (2017-2022)
6 Segment by Application
6.1 Global ITSM Software Production Market Share by Application (2017-2022)
6.2 Global ITSM Software Revenue Market Share by Application (2017-2022)
6.3 Global ITSM Software Price by Application (2017-2022)

7 Key Companies Profiled
7.1 Company
7.1.1 ITSM Software Corporation Information
7.1.2 ITSM Software Product Portfolio
7.1. CITSM Software Production Capacity, Revenue, Price and Gross Margin (2017-2022)
7.1.4 Company’s Main Business and Markets Served
7.1.5 Company’s recent Developments/Updates

8 ITSM Software Manufacturing Cost Analysis
8.1 ITSM Software Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of ITSM Software
8.4 ITSM Software Industrial Chain Analysis

9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 ITSM Software Distributors List
9.3 ITSM Software Customers

10 Market Dynamics
10.1 ITSM Software Industry Trends
10.2 ITSM Software Market Drivers
10.3 ITSM Software Market Challenges
10.4 ITSM Software Market Restraints

11 Production and Supply Forecast
11.1 Global Forecasted Production of ITSM Software by Region (2023-2028)
11.2 North America ITSM Software Production, Revenue Forecast (2023-2028)
11.3 Europe ITSM Software Production, Revenue Forecast (2023-2028)
11.4 China ITSM Software Production, Revenue Forecast (2023-2028)
11.5 Japan ITSM Software Production, Revenue Forecast (2023-2028)

12 Consumption and Demand Forecast
12.1 Global Forecasted Demand Analysis of ITSM Software
12.2 North America Forecasted Consumption of ITSM Software by Country
12.3 Europe Market Forecasted Consumption of ITSM Software by Country
12.4 Asia Pacific Market Forecasted Consumption of ITSM Software by Region
12.5 Latin America Forecasted Consumption of ITSM Software by Country

13 Forecast by Type and by Application (2023-2028)
13.1 Global Production, Revenue and Price Forecast by Type (2023-2028)
13.1.1 Global Forecasted Production of ITSM Software by Type (2023-2028)
13.1.2 Global Forecasted Revenue of ITSM Software by Type (2023-2028)
13.1.3 Global Forecasted Price of ITSM Software by Type (2023-2028)
13.2 Global Forecasted Consumption of ITSM Software by Application (2023-2028)
13.2.1 Global Forecasted Production of ITSM Software by Application (2023-2028)
13.2.2 Global Forecasted Revenue of ITSM Software by Application (2023-2028)
13.2.3 Global Forecasted Price of ITSM Software by Application (2023-2028)

14 Research Finding and Conclusion

15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
15.4 Disclaimer

Continued….

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Killexams : One week until California decides the fate of rooftop solar

This is the Dec. 8, 2022, edition of Boiling Point, a weekly newsletter about climate change and the environment in California and the American West. Sign up here to get it in your inbox.

When California announced plans last month to reduce incentive payments for rooftop solar power, I wrote that monopoly utility companies had pushed them to do so — in part because rooftop solar undercuts the industry’s lucrative business model.

Pedro Pizarro — chief executive of Edison International, parent company of Southern California Edison — objected to my choice of words.

In a letter to the editor, Pizarro wrote that my coverage “propagates the solar industry version of the ‘big lie’ that the growth of rooftop solar in California hurts the business model of investor-owned utilities.” Solar companies, he suggested, were the ones whose profits were actually at stake.

It’s a bold claim. So I sat down with him at his office in Rosemead to put it to the test.

Pizarro told me Edison’s years-long campaign to slash rooftop solar incentives “has nothing at all to do with utility profits.” He noted that his company’s revenues — like those of Pacific Gas & Electric and San Diego Gas & Electric — are “decoupled” from electricity sales, meaning the utility doesn’t make more money if it sells more electricity.

Instead, Edison, PG&E and SDG&E make money by building power lines and other infrastructure, and charging customers a profit margin of about 10% on those expenditures — a return on equity guaranteed by regulators.

Edison customers, meanwhile, are paying billions of dollars a year in subsidies to homes and businesses with rooftop solar panels — subsidies that can account for 10% or more of customer electric bills, Pizarro said. And those subsidies largely support wealthier people who can afford solar, at the expense of lower-income people who can’t.

“We think some level of subsidy is absolutely appropriate,” Pizarro said. “But it’s just such a massive transfer of wealth.”

Edison International President and CEO Pedro Pizarro at his office in Rosemead, Calif.

Edison International President and CEO Pedro Pizarro at his office in Rosemead, Calif.

(Edison International)

Does his argument hold up to serious scrutiny? I’ll try to answer that question.

But first, let’s take a look at what’s been proposed by the California Public Utilities Commission and how it might affect solar.

The agency wants to overhaul a program called net metering, in which Edison, PG&E and SDG&E are required to pay homes and businesses for solar energy they generate during times of day when they don’t need it all themselves. The program has incentivized more than 1.5 million utility customers to go solar, by helping them make back their up-front investment — and ultimately save money — through lower electric bills.

It’s not just utility companies saying net metering offers an unfair subsidy. Prominent consumer watchdog groups and a handful of environmental nonprofits, including the Natural Resources Defense Council, have also urged the state to reduce payment rates for rooftop solar power — in part because electricity from large solar farms is cheaper.

After years of debate, the Public Utilities Commission heeded those calls last month. Commission staff issued a plan that’s more favorable to solar installers than a previous proposal, but which the solar industry says would still amount to a 65% drop in average payment rates to Edison customers for the solar they generate — and even bigger drop-offs for PG&E and SDG&E customers.

A vote is scheduled for Dec. 15.

“This is a recipe for crushing solar,” said Bernadette Del Chiaro, executive director of the California Solar & Storage Assn.

Del Chiaro told me she and her trade group’s member companies can live with incentive payments falling over time — but more slowly than state officials envision. She thinks the five-year “glide path” laid out by the commission — during which payment rates would decline year by year before leveling out — should be extended to eight years, with much more gradual reductions.

Commission staff say their plan would encourage homes and businesses to install batteries with their solar panels.

Although the plan would reduce the average rates that utilities must pay for solar, it would increase those rates during certain times, especially summer evenings. The result would be greater financial benefits for solar customers who use batteries to store electricity they generate during the afternoon, then supply it to the larger power grid after the sun goes down.

An employee of rooftop solar company Sunrun helps install a lithium-ion battery at a home in Granada Hills in 2020.

An employee of rooftop solar company Sunrun helps install a lithium-ion battery at a home in Granada Hills in 2020.

(Mel Melcon / Los Angeles Times)

In theory, it’s a win-win-win — California would have an easier time keeping the lights on during heat waves, utility companies wouldn’t have to buy as much polluting gas-fired electricity, and more homes would be prepared to withstand blackouts.

But Del Chiaro is convinced the commission’s plan would backfire. The main problem, she said, is that lithium-ion batteries are still a relatively nascent technology, with higher costs than solar panels. Just 14% of California homes and businesses that installed solar over the last year splurged for storage, too — a higher rate than anywhere else in the country but still far from 100%.

Solar installation companies are working feverishly to pivot to solar-plus-storage. But Del Chiaro said many of those companies — most of them small businesses — would have a hellish time adjusting to the new rules without a longer glide path.

“You can’t just make drastic changes overnight without there being a lot of dead bodies along the way,” she said.

By the trade group’s calculation, the “payback period” for solar paired with batteries — the number of years it takes for a home to make back its upfront investment, typically in the $30,000 range — would increase under the new rules to about nine years for Edison customers, up from about 7.5 years today. That could make a serious dent in installation rates, companies say.

“This isn’t going to accelerate the adoption of solar and storage. It’s going to make everything more expensive,” Del Chiaro said.

The Public Utilities Commission offered slightly rosier numbers. But agency staff still estimate the payback period for new solar-plus-storage systems would rise slightly if its decision is approved, for customers of all three monopoly utilities.

The outlook could be even worse for businesses, farms, schools and other nonresidential utility customers who want to go solar under the new rules. They wouldn’t have any glide path, with payment rates bottoming out almost immediately.

Many clean energy advocates are furious with the commission, whose five voting members are appointed by Gov. Gavin Newsom. A coalition backed by the solar industry and hundreds of environmental groups held rallies across the state last week, urging the agency to change course. These activists tend to see rooftop solar as a crucial tool not only for combating the climate crisis, but also for taking power out of the hands of massive investor-owned utilities — and giving it to the people.

All of which brings us back to Pizarro, the Edison chief executive.

Pizarro’s company wants to see lots of solar panels installed in California, he told me — at large solar farms in the desert, and on rooftops. Edison estimates the state will need 80 gigawatts of new capacity from large solar and wind farms to reach 100% clean energy by 2045 — along with 30 gigawatts of smaller-scale solar at homes and businesses, still an enormous volume.

Employees of nonprofit solar installer GRID Alternatives place panels on the roof of a low-income home in Watts in 2021.

Employees of nonprofit solar installer GRID Alternatives place panels on the roof of a low-income home in Watts in 2021.

(Gary Coronado / Los Angeles Times)

In Pizarro’s telling, the problem with net metering isn’t that it encourages rooftop solar — it’s that the program is unfair to low-income families, and is actually making it harder for California to fight climate change.

He said subsidy payments to solar-powered homes and businesses are contributing to higher electric rates — high rates that in turn makes it less likely people will invest in electric cars, as well as electric appliances such as heat pumps and induction stoves. Those technologies are crucial to burning less oil and natural gas, two of the fossil fuels driving the climate crisis.

The transition to an ell-electric economy is also crucial to Edison’s business plans — which brings us back to the question of why investor-owned utility companies, in California and across the country, have fought to slash rooftop solar incentives.

Pizarro is correct that utilities don’t make less money if they sell less power. But the less electricity they send to customers from far-flung generators, the less they need to invest in power lines and other infrastructure — which is how they make money.

In California, especially, there’s a growing need for those investments. At Newsom’s direction, officials recently moved to end the sale of most new gasoline cars by 2035. A ban on gas heating in new homes is also on the horizon. Supplying power to tens of millions of electric vehicles, heat pumps and water heaters will require a massive expansion of the electric grid.

It’s a shift that’s badly needed to limit planet-warming pollution. And it stands to benefit electric utilities immensely.

Pizarro was quick to acknowledge the alignment between Edison’s business objectives and the state’s climate plans. But when I pressed him on rooftop solar — the more of it gets installed, the fewer long-distance lines and other profitable machines Edison is likely to build — he continued to insist his company’s efforts to slash net metering aren’t motivated by profits. So much power-grid investment will be needed, he said, that rooftop solar will make a small dent at most.

At the same time, Pizarro argued that high payment rates for rooftop solar power “crowd out other investment.” That’s because Edison’s millions of customers are on the hook for most of the company’s costs, through their electric rates. And state officials will allow those rates to get only so high — meaning Edison’s ability to invest in profitable infrastructure is not infinite.

“Is it bad for our business if things go badly for our customers? Absolutely,” Pizarro said. “And it’s bad for the state.”

Doesn’t that means there’s a connection between Edison’s lucrative business model and its push to cut rooftop solar incentives? I posed the question to Pizarro one last time on the way out the door. He offered a distinction I’m not sure I understand.

“It absolutely lines up with our business objectives. It just doesn’t line up with profits,” he said.

Electric transmission lines near Southern California Edison’s Vincent Substation north of Los Angeles.

Electric transmission lines run through a power corridor known as Path 26, near Southern California Edison’s Vincent Substation north of Los Angeles.

(Gary Coronado / Los Angeles Times)

Here’s the thing: We could argue all day about net metering, and it might not matter. Because as I wrote last year, much of the debate stems from a sharp philosophical divide about the best way to respond to climate and environmental calamity.

If you don’t trust Edison and other big energy companies — maybe because of the wildfires they’ve ignited, or environmental damage from the big solar and wind farms they’ve built, or the simple fact that they’re trying to make as much money as possible for their shareholders — you’re probably horrified that California is poised to make rooftop solar more expensive.

There’s research backing that up. A study last year from Washington State University and the University of British Columbia found that Californians who distrust their electric utility “are more likely to be interested in and to have rooftop solar panels.”

Alternately, if you’re less worried about the shortcomings of capitalism — and more interested in using capitalist systems to end the climate crisis — then you may be nodding along with Pizarro. The odds of killing off politically powerful utilities, and replacing them with solar on every rooftop, are pretty low. So why not take advantage of the financial heft they offer?

I can’t tell you how to feel. But I can point you to other analyses concluding that rooftop and large-scale solar are both needed — in huge quantities — to stave off the worst of the climate crisis. Even research funded by the rooftop solar industry and its supporters has found an enormous need for big solar farms, wind turbines and long-distance power lines.

So here we are, one week from the Public Utilities Commission’s high-stakes vote. The outcome is not guaranteed. Opposition from solar companies and climate activists prompted Newsom to quash the commission’s last net metering overhaul.

The governor could step in again — only this time, solar companies and the utility industry are both crying foul.

I’ll have more coverage next week. Until then, here’s what’s happening around the West:

TOP STORIES

An oil rig in the foreground and a playing field behind.

An oil rig next door to a baseball field in Wilmington.

(Jay L. Clendenin / Los Angeles Times)

Los Angeles City Council voted unanimously to phase out fossil fuel extraction within city limits — a historic decision for a metropolis built on oil. Details here from The Times’ Dakota Smith, who writes that oil and gas companies must end production within 20 years. Southern California’s air quality regulator, meanwhile, approved a major new smog-reduction plan that includes measures to phase out gas-fueled heaters, furnaces and stoves in homes, as my colleague Tony Briscoe notes in his story. If L.A. and neighboring cities want to encourage electric heat pumps and stoves, they might take some lessons from upstate, where the Sacramento Municipal Utility District is helping low-income households in one of Sacramento’s oldest neighbors transition from gas to electric appliances — at no cost to those people. CapRadio’s Manola Secaira wrote about that effort.

The federal government’s first-ever auction for the right to build floating wind turbines off the California coast drew more than $750 million in high bids. The winning bidders were mostly European companies, Reuters’ Nichola Groom reports, reflecting the reality that Europe is way ahead of America on this technology. Offshore wind could go a long way toward helping California meet its climate goals — but there are still many challenges to be worked through, possibly including century-old requirements for American-built ships, as MIT Technology Review’s James Temple notes in a detailed story.

Gov. Gavin Newsom has released a proposal to cap oil-refinery profits, as the state Legislature begins a special session to deal with high gasoline prices. The Times’ Taryn Luna detailed Newsom’s plan, which would give the Energy Commission broad discretion to adjust the profit cap, investigate violations and issue penalties as needed. Luna also explained the politics at work in Sacramento, where oil companies just spent millions of dollars to help elect Republicans and moderate Democrats favorable to their cause. And my colleague Russ Mitchell wrote about why gas prices are likely to keep rising in California — regardless of what happens in the Legislature — as the state moves toward a 2035 ban on the sale of new gasoline vehicles.

If California is trying to make it easier to ditch gas-fueled cars, should public transit be free? My colleague Ryan Fonseca — who writes our daily Essential California newsletter — asked L.A. Times readers that question, and shared what they had to say. An overwhelming majority of respondents said it’s the right idea, with some of them citing the urgency of the climate crisis.

POLITICAL CLIMATE

Democratic congressional leaders tried to honor the deal they made with Sen. Joe Manchin in exchange for his decisive vote on climate legislation, and push a “permitting reform” bill through Congress this year. The West Virginia Democrat had hoped to see faster approval for energy projects of all kinds, fossil and renewable. But Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer were unable to bring permitting reform to a vote, stymied by opposition from Republicans and progressive Democrats, Emma Dumain reports for E&E News. Regardless, the climate bill known as the Inflation Reduction Act is the law of the land — in part because electric utility companies went to bat for it, after years of opposing climate policy. The New York Times’ Eric Lipton wrote a fascinating story on how those utility companies shaped the bill to their benefit.

L.A. City Council finalized a series of ordinances tightening restrictions on single-use plastics and prohibiting the sale of Styrofoam. Details here from The Times’ Gregory Yee; also see Susanne Rust’s earlier coverage for background on the scourge of plastic pollution in Los Angeles. City Council also voted this week to finalize a ban on most gas appliances in new homes, a course I wrote about when the council took its initial vote earlier this year. In other local climate news, L.A. County’s Board of Supervisors is taking early steps toward reducing flood risks and making disadvantaged communities more resilient, following new research on the potential for devastating floods. My colleague Louis Sahagún wrote about the county’s latest efforts.

“Lula is our only hope. He will help us.” Indigenous communities in the Amazon are ready for Brazil’s new president to follow through on his promises to beat back deforestation. It’s one of the most important climate stories in the world, as Ana Ionova writes for The Times. Humanity’s heat-trapping carbon dioxide pollution is expected to hit a record high this year, per Shannon Osaka at the Washington Post — a reality that makes it more important than ever to keep carbon-sucking forests intact.

WATER IN THE WEST

Fields are seen next to a body of water with a mountain in the distance.

A vineyard along the banks of Clear Lake in Northern California.

(Gary Coronado / Los Angeles Times)

The Pomo Indian tribes of Clear Lake are urging Interior Secretary Deb Haaland to protect the 12-inch minnow they’ve feasted on for hundreds of generations before it goes extinct. “I have almost zero confidence in state or federal officials to save the chi and our way of life. Of course, a miracle could happen,” Ron Montez, tribal historic preservation officer for the Big Valley Band of Pomo Indians, told my colleague Louis Sahagún. It’s a sad example of the ecological suffering that humans have brought to bear on the planet. So is this year’s record-low survival rate for winter-run chinook salmon in the Sacramento River, as detailed by Damon Arthur at the Redding Record Searchlight.

Californians should brace for another year of brown lawns, tight water restrictions and increased calls for conservation. So writes The Times’ Hayley Smith, in a story about local water agencies being told to expect just 5% of their requested supplies from the State Water Project next year, at least if conditions hold. It’s not ideal, but it’s the reality we live in. And it doesn’t help that state regulators don’t have much ability to prevent literal water theft from rivers. Grist’s Jake Bittle has a wild story about the state’s limited enforcement tools, focused on a guy caught stealing water from the Tuolumne River and bottling it for sale to Starbucks, among other buyers. Seven years later, regulators are still tangling with him in court, as he allegedly steals more water.

The federal government is once again threatening major Colorado River cutbacks if California and other Western states can’t agree to do it themselves by a deadline — just like the deadline that passed in August. Only this time there’s a formal legal process accompanying the threat, per Tony Davis at the Arizona Daily Star. In other interesting Colorado River reporting, Voice of San Diego’s MacKenzie Elmer talked with Imperial Valley farmers who actually want to be charged more for water, because they think it will incentivize conservation and help protect the valley against legal challenges to their water rights.

THE ENERGY TRANSITION

President Biden’s Commerce Department is once again raising the specter of tariffs on cheap solar panels imported from Southeast Asia, which solar installers say would be a disaster for business. The tariffs would be implemented in 2024, which wouldn’t give U.S. companies much time to ramp up manufacturing, Canary Media’s Eric Wesoff writes. (When I asked Biden’s energy secretary, Jennifer Granholm, about the possibility of tariffs earlier this year, she was visibly frustrated, describing them as “friendly fire” on the administration’s clean energy agenda.) In other less-than-ideal news for solar — but arguably good news for human rights — the Wall Street Journal’s Phred Dvorak reports that solar projects across the country are getting delayed due to a shortage of photovoltaic panels, as the Biden administration attempts to cracks down on labor abuses in China.

In Rock Springs, Wyo., the West’s largest coal-fired power plant is moving toward closure — and a California startup wants to build a massive carbon capture project. Inside Climate News’ Nicholas Kusnetz wrote about the startup’s “direct air capture” proposal, which has been embraced by some local residents as a new source of jobs to replace some of what’s being lost with coal — and opposed by others because it would disrupt habitat for sage grouse, pronghorn and other at-risk wildlife species.

The legacy of the Cold War is alive and well across the American West in the form of continued radioactive pollution from uranium mining, milling and atomic tests. That’s the key takeaway from an eye-opening ProPublica investigation finding in part that at least 84% of the country’s uranium mills and related sites have polluted groundwater, and nearly three-quarters continue to pose the threat of groundwater pollution due to inadequate safety measures. Statements like this one made my head spin: “More than 40 million people rely on drinking water from the Colorado River, but [federal regulatory agencies] allowed companies to leak contamination from mill waste directly into the river, arguing that the waterway quickly dilutes it.” I was also deeply moved by this story from the Center for Public Integrity’s Yvette Cabrera about a Navajo Nation activist who spent decades fighting for justice for tribal members stricken by potentially radiation-linked cancer before being diagnosed with lymphoma himself.

ONE MORE THING

A small group of people, some of them wearing reflective vests, stand outdoors at a power plant.

Edison International President and CEO Pedro Pizarro, left center with gray hair, joins U.S. Energy Secretary Jennifer Granholm at a tour of Edison’s shuttered San Onofre nuclear plant in April.

(Allen J. Schaben / Los Angeles Times)

Speaking of nuclear power ...

As I’ve referenced in previous newsletters, I continue to make my way through “The West Wing” for the first time, and I continue to be amazed by the TV show’s wildly prescient discussion of energy, climate change and other environmental issues.

This week I watched the 2006 episode “Duck and Cover,” which focuses on a radiation leak and near-meltdown at a nuclear plant in the fictional California city of “San Andreo.” It’s clearly a stand-in for San Clemente, the coastal town just north of the real-life San Onofre Nuclear Generating Station. The real-life plant is owned by Southern California Edison and was shut down just a few years after the episode aired because of — you guessed it — a small radiation leak that led to the discovery of larger problems.

As an energy nerd, I enjoyed that the “West Wing” writers didn’t shy away from wonky concepts; one character explains that most nuclear plants are built close to major population centers because “they lose too much power in transmission.” There are also two uses of the acronym PSI — pounds per square inch! — and detailed discussion of Southern California’s Santa Ana winds.

But mostly, it was fascinating for me to watch the characters debate the merits of atomic energy, especially as Gov. Gavin Newsom and President Biden push to rescue California’s last operating nuclear plant, Diablo Canyon, from closure. The episode features the following speech from the show’s Republican presidential candidate, a veteran senator from California:

“You know why Europe’s greenhouse emissions are so much lower than ours? Nuclear power! Totally emissions-free! You know how many Americans die from oil refinery explosions? From coal soot in the air? Tens of thousands!”

Sixteen years later, nuclear energy proponents continue to make similar arguments. They also continue to face questions about uranium pollution — and about the reality that on the rare occasions a nuclear plant does falter, the results can be devastating.

ACTUALLY, ONE MORE THING

Remember when Florida lawmakers voted to revoke Walt Disney World’s self-governing privileges, in an act of retaliation led by Gov. Ron DeSantis, who was mad at then-Disney CEO Bob Chapek for coming out against Florida’s “Don’t Say Gay” law?

Well, a compromise plan is being crafted that would reestablish Disney’s self-governing rights, according to Christopher Grimes at the Financial Times. One important caveat, though: The company would lose the right to build a nuclear power plant, which it was somehow granted by the Florida Legislature back in 1967.

I wonder if the folks who made “A Goofy Movie” will be disappointed.

We’ll be back in your inbox next week. If you enjoyed this newsletter, or previous ones, please consider forwarding it to your friends and colleagues. For more climate and environment news, follow me on Twitter @Sammy_Roth.

Thu, 08 Dec 2022 00:00:00 -0600 en-US text/html https://www.latimes.com/environment/newsletter/2022-12-08/one-week-until-california-decides-the-fate-of-rooftop-solar-boiling-point
Killexams : Cybersecurity resilience emerges as top priority as 62 percent of companies say security incidents impacted business operations

News Summary:

  • Security resilience is a high priority for 96 percent of executives, and rightfully so, as 62 percent of respondents say their organization experienced a recent security incident
  • Executive support and cultivating a security culture were two of the top three success factors for achieving resilience
  • Adoption of zero trust, secure access service edge, and extended detection and response technologies resulted in significant increases in resilient outcomes

MELBOURNE, Australia, Dec. 6, 2022 /CNW/ -- CISCO LIVE -- Cybersecurity resilience is a top priority for companies as they look to defend against a rapidly evolving threat landscape, according to the latest edition of Cisco's annual Security Outcomes Report launched today.

Titled, Security Outcomes Report, Volume 3: Achieving Security Resilience, the study identifies the top seven success factors that boost enterprise security resilience, with a particular focus on cultural, environmental, and solution-based factors that businesses leverage to achieve security. The findings are based on survey responses from over 4,700 participants across 26 countries.

Resilience has emerged as a top priority as a staggering 62 percent of organizations surveyed said they had experienced a security event that impacted business in the past two years. The leading types of incidents were network or data breaches (51.5 percent), network or system outages (51.1 percent), ransomware events (46.7 percent) and distributed denial of service attacks (46.4 percent).

These incidents resulted in severe repercussions for the companies that experienced them, along with the ecosystem of organizations they do business with. The leading impacts cited include IT and communications interruption (62.6 percent), supply chain disruption (43 percent), impaired internal operations (41.4 percent) and lasting brand damage (39.7 percent).

With stakes this high, it is no surprise that 96 percent of executives surveyed for the report said that security resilience is high priority for them. The findings further highlight that the main objectives of security resilience for security leaders and their teams are to prevent incidents, and mitigate losses when they occur.

"Technology is transforming businesses at a scale and speed never seen before. While this is creating new opportunities, it also brings with it challenges, especially on the security front. To be able to tackle these effectively, companies need the ability to anticipate, identify, and withstand cyber threats, and if breached be able to rapidly recover from one. That is what building resilience is all about," said Helen Patton, CISO, Cisco Security Business Group.

"Security, after all, is a risk business. As companies don't secure everything, everywhere, security resilience allows them to focus their security resources on the pieces of the business that add the most value to an organization, and ensure that value is protected," she added.

Seven Success Factors of Security Resilience

This year's report has developed a methodology to generate a security resilience score for the organizations surveyed, and identified seven data-backed success factors. Organizations that had these factors present were among the top 90th percentile of resilient businesses. Conversely, those lacking them placed in the bottom 10th percentile of performers.

The findings of the study underline the fact that security is a human endeavor as leadership, company culture and resourcing have an oversized impact on resilience:

  • Organizations that report poor security support from the C-suite scored 39 percent lower than those with strong executive support.
  • Businesses that report an excellent security culture scored 46 percent higher on average than those without.
  • Companies that maintain extra internal staffing and resources to respond to incidents resulted in a 15 percent boost in resilient outcomes.

In addition, businesses need to take care to reduce complexity when transitioning from on-premise to fully cloud-based environments:

  • Companies whose technology infrastructures are either mostly on-premise or mostly cloud-based had the highest, and nearly identical, security resilience scores. However, businesses that are in the initial stages of transitioning from an on-premise to a hybrid cloud environment saw scores drop between 8.5 and 14 percent depending on how difficult the hybrid environments were to manage.

Finally, adopting and maturing advanced security solutions has significant impacts to resilient outcomes:

  • Companies that reported implementing a mature Zero Trust model saw a 30 percent increase in resilience score compared to those that had none.
  • Advanced extended detection and response capabilities correlated to an incredible 45 percent increase for organizations over those that report having no detection and response solutions.
  • Converging networking and security into a mature, cloud-delivered secure access services edge boosted security resilience scores by 27 percent.

"The Security Outcomes Reports are a study into what works and what doesn't in cybersecurity. The ultimate goal is to cut through the noise in the market by identifying practices that lead to more secure outcomes for defenders," said Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco. "This year we focused on identifying the key factors that elevate the security resilience of a business to among the very best in the industry."  

Additional Resources:

About Cisco 

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Newsroom and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

SOURCE Cisco Systems, Inc.

For further information: Carro Halpin, Public Relations Manager, Security, [email protected], 774-258-0743

Tue, 06 Dec 2022 12:00:00 -0600 en text/html https://www.newswire.ca/news-releases/cybersecurity-resilience-emerges-as-top-priority-as-62-percent-of-companies-say-security-incidents-impacted-business-operations-899516254.html
Killexams : Growing leadership and business acumen for a new economy

NEW PERSPECTIVES FROM A GLOBAL EDUCATION

Like Mr Chen, Ms Jacilyn Tan, the finance director and head of parts and external manufacturing (global) at The LEGO Group, already had a strong background in a specialised field: Finance. After all, she holds a Bachelor of Accountancy from NBS. But in her quest for self-improvement, Ms Tan decided to broaden her knowledge by enrolling in an EMBA programme. 

She chose to return to NBS because she enjoyed her earlier learning experience. “The EMBA’s holistic and interdisciplinary curriculum, alongside the promise of networking with classmates who are leaders from different industries and backgrounds, attracted me,” added Ms Tan, who graduated with an EMBA in 2021.

The Nanyang EMBA offers students an opportunity to attend classes with top global universities, including the University of California, Berkeley, and Tsinghua University in China, to gain a holistic perspective of the world’s largest economies.

Ms Tan attended courses from the Haas School of Business at the University of California, Berkeley. The lessons on innovation, disruption, and the Fourth Industrial Revolution’s technologies – artificial intelligence, augmented reality, advanced robotics and the Internet of Things – were particularly insightful, she said. 

“The COVID-19 crisis accelerated changes, and my company needed to make optimal use of technological infrastructure to achieve its goals,” she explained. “With the integration and implementation of any game-changing technologies, teething issues and significant inertia towards adoption are not uncommon, but I learnt that these issues can be overcome.”

Thu, 01 Dec 2022 10:53:00 -0600 en text/html https://www.channelnewsasia.com/advertorial/growing-leadership-and-business-acumen-new-economy-3092726
Killexams : Calgon Carbon Reactivation Study Shows Removal and Destruction of PFAS

Peer-reviewed journal article details Calgon Carbon study findings

Pittsburgh, PA, Dec. 06, 2022 (GLOBE NEWSWIRE) -- A new study by Calgon Carbon Corporation (“Calgon Carbon”), a wholly owned subsidiary of Kuraray Co., Ltd. (TYO: 3405) (“Kuraray”), has provided a definitive response to a persistent question about the fate of PFAS during reactivation of activated carbon. Reactivation is a high temperature thermal process that is commonly used by municipalities and industrial users to recycle their used activated carbon and destroy contaminants it has removed.

“The single-biggest conclusion from the study is that PFAS compounds are effectively removed from spent carbon through the reactivation process, as well as showing greater than 99.99% destruction of PFAS through our furnace and abatement system,” explained Rebecca DiStefano, Senior Applications Engineer at Calgon Carbon.

Remediation-The Journal of Environmental Cleanup Costs, Technologies, & Techniques, featured the findings of Calgon Carbon’s study in a peer-reviewed article published in the autumn issue of the esteemed quarterly journal that focuses on the practical applications of remediation techniques and technologies.

“The data detailed in our article effectively demonstrated the removal of PFAS compounds from granular activated carbon (GAC) and greater than 99.99% destruction of PFAS compounds through the furnace and off-gas abatement system,” said DiStefano, the lead author of the Remediation article.

The study’s findings come at a time of growing concern and increased focus about the impact of PFAS, often referred to as “forever chemicals” because of their inability to break down over time in the environment.

“This is research that no one else in the industry has published.,” DiStefano said. “We don’t want to have these unknowns stay out there and linger in people’s minds. We wanted to answer these questions and move the industry forward and continue promoting GAC as the best available treatment (BAT) technology for removing PFAS.”

Calgon Carbon’s FILTRASORB® GAC, sourced from bituminous coal, has demonstrated superior PFAS-removal capabilities compared to other carbons for two decades.

GAC is the most widely used and well-established treatment technology for the removal of PFAS contaminants from drinking water and wastewater. Thermally treating GAC at the end of its useful service life – known as spent carbon – is called reactivation, a process that vaporizes and destroys adsorbed contaminants at extremely high temperatures and restores the GAC to a near-virgin state so it can be reused.

In the first stage of Calgon Carbon’s proprietary reactivation process, PFAS-laden GAC is heated in a furnace for several hours at temperatures of up to 1750 degrees Fahrenheit, imparting enough energy to break down PFAS’s carbon-fluoride bonds, the strongest in chemistry.

The off gas from the reactivation furnace then moves into an abatement system, which features a thermal oxidizer/afterburner designed to destroy any organics that were not destroyed in the furnace. From there, it proceeds through a scrubber to neutralize any acid gases, such as hydrogen fluoride, and remove them from the abatement air. Finally, it passes through a baghouse to eliminate particulate matter.

“It’s a combination of our reactivation furnaces and the abatement systems that achieves these very high levels of destruction,” said John Matthis, Global PFAS Team leader at Calgon Carbon. “With other technologies, you may be removing PFAS from the water, but the question is, what do you do with that media once it has PFAS on it? Activated carbon and reactivation are unique because not only are we removing the contaminants from your water, we also are effectively removing them from the carbon – and from the environment as well.”

For its study, Calgon Carbon enlisted the services of an independent, third-party vendor to test air samples for 36 PFAS compounds. Another third-party vendor analyzed well water and treated motive water samples for PFAS, as well as analyzing samples of spent carbon, reactivated carbon, abatement dust, and bicarbonate raw material for extraction and targeted PFAS.

Since creating the first activated carbon products from bituminous coal in the 1940s, Calgon Carbon has been a pioneer in developing high-performing granular activated carbon products for water purification.

Jenalle Brewer, Senior Vice President – Drinking Water, Innovative Carbon Tech & Global Business at Calgon Carbon said, “PFAS is portrayed in the media as a relatively recent problem. However, we’ve been offering treatment solutions for PFAS for more than 20 years. Our FILTRASORB activated carbon products help to ensure that ‘forever chemicals’ are forever no more. It’s a problem people thought they had to live with, but as our study has proven, they really don’t.”

To learn more about Calgon Carbon’s study and the FILTRASORB product, visit NoMorePFAS.com.

About Calgon Carbon 
Calgon Carbon, a wholly-owned subsidiary of Kuraray Co., Ltd. (TYO: 3405) (Kuraray), is a global leader in the manufacture and/or distribution of innovative coal-, wood- and coconut-based activated carbon products – in granular, powdered, pelletized and cloth form – to meet the most challenging purification demands of customers throughout the world. Calgon Carbon provides purification solutions for more than 700 distinct applications, including drinking water, wastewater, pollution abatement, and a variety of industrial and commercial manufacturing processes. Headquartered in Pittsburgh, Pennsylvania, Calgon Carbon employs approximately 1640 people and operates 20 manufacturing, reactivation, innovation and equipment fabrication facilities in the U.S., Asia, and in Europe, where Calgon Carbon is known as Chemviron. Calgon Carbon was acquired by Kuraray in March of 2018.  With complementary products and services, the combined organization will continue to focus on providing the highest quality and most innovative activated carbon and filtration media products, equipment, and services to meet

Video Content

CONTACT: Amanda Lofty Calgon Carbon Corporation 724-541-2658 amanda.lofty@kuraray.com
Tue, 06 Dec 2022 02:30:00 -0600 en-CA text/html https://ca.finance.yahoo.com/news/calgon-carbon-reactivation-study-shows-163000689.html
Killexams : MDxHealth Provides Business Update

NEWS RELEASE – INSIDE AND REGULATED INFORMATION
29 NOVEMBER 2022, 4:00PM EDT / 22:00 CET

MDxHealth Provides Business Update

IRVINE, CA, and HERSTAL, BELGIUM – November 29, 2022 – MDxHealth SA (NASDAQ/Euronext: MDXH), a commercial-stage precision diagnostics company, today provided clinical and reimbursement product developments, updated guidance for 2022, and initial guidance for 2023.

Select mdx reimbursement update
Under the foundational LCD (Local Coverage Decision) process recently implemented by the Molecular Diagnostics Services (MolDX) Program administered by Palmetto GBA, all tests within an LCD-covered indication must submit a Technical Assessment (TA) for review and consideration. The indication for use of Select mdx is covered by Medicare's foundational LCD Molecular Biomarkers to Risk-Stratify Patients at Increased Risk for Prostate Cancer, which became effective in July 2022. The Select mdx TA has already been submitted and we are engaged in an interactive review process with MolDX. Based on our most recent communication with MolDX, a final coverage decision is not expected until H1 2023.

NCCN Guidelines expand Genomic Prostate Score (GPS) indication to include high-risk patients
The recently released NCCN for Prostate Cancer Guideline (Version 1.2023)* expands the indication for use of the GPS test to include high-risk patients with localized prostate cancer. In August 2022, mdxhealth announced that it acquired the Oncotype DX Genomic Prostate Score® (GPS) test from Exact Sciences, further solidifying the Company's leadership in the precision diagnostics urology market. This expanded criteria to address high-risk patients provides additional validation for the clinical utility of GPS in making prostate cancer treatment decisions and enables us to more fully serve our targeted patient population.

Michael K. McGarrity, CEO of mdxhealth, commented: "Securing Medicare reimbursement for new molecular diagnostic technologies is now a more rigorous and iterative process under the new Foundational LCD program. Due to the additional time required to obtain Medicare coverage, the Company no longer expects to receive Medicare payments for Select mdx tests in 2022. Based on this development, coupled with revenue cycle timing associated with the acquisition and integration of the GPS test, the Company is revising its 2022 revenue guidance to $36.5-37.5 million from $40-42 million. We remain confident in our ability to address any remaining questions with MolDX, which we believe will lead to a positive reimbursement decision for Select mdx in the first half of 2023. To further underscore the growing diagnostic value of Select mdx, we are also pleased to report that the results of an independent, multi-institutional clinical study was recently recognized as a best poster by the American Urological Association, demonstrating the diagnostic accuracy of Select mdx and as well as its complementary utility with mpMRI for the prediction of prostate cancer in biopsies.

"Further, we are also pleased to note the expanded indication for our GPS test in the recently updated NCCN Prostate Cancer guidelines", continued Mr. McGarrity. "The addition of GPS to our current menu of tests targeted into urology and prostate cancer reflects our strategy to generate sustainable growth and enable mdxhealth to become the leading precision diagnostics company with the most comprehensive test menu focused on prostate cancer. While early, we are well into our integration plan for our GPS test and have our expanded field sales organization in place to support continued growth. With multiple levers for sustainable revenue growth, the company is initiating 2023 revenue guidance of $65-70 million."

About mdxhealth®

Mdxhealth is a commercial-stage precision diagnostics company that provides actionable molecular diagnostic information to personalize the diagnosis and treatment of cancer. The Company's tests are based on proprietary genetic, epigenetic (methylation) and other molecular technologies and assist physicians with the diagnosis of urologic cancers and prognosis of recurrence risk. The Company's European headquarters are in Herstal, Belgium, with laboratory operations in Nijmegen, The Netherlands, and U.S. headquarters and laboratory operations based in Irvine, California, with additional laboratory operations in Plano, Texas. For more information, visit mdxhealth.com and follow us on social media at: twitter.com/mdxhealth, facebook.com/mdxhealth and linkedin.com/company/mdxhealth.

For more information:

This press release contains forward-looking statements and estimates with respect to the anticipated future performance of MDxHealth and the market in which it operates, all of which involve certain risks and uncertainties. These statements are often, but are not always, made through the use of words or phrases such as "potential," "expect," "will," "goal," "next," "potential," "aim," "explore," "forward," "future," and "believes" as well as similar expressions. Forward-looking statements contained in this release include, but are not limited to, statements regarding the acquisition of Oncotype DX® GPS prostate cancer business from Exact Sciences including statements regarding the anticipated benefits of the acquisition; statements. Such statements and estimates are based on assumptions and assessments of known and unknown risks, uncertainties and other factors, which were deemed reasonable but may not prove to be correct. actual events are difficult to predict, may depend upon factors that are beyond the company's control, and may turn out to be materially different. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, product development efforts, our strategies, positioning, resources, capabilities and expectations for future events or performance. Important factors that could cause actual results, conditions and events to differ materially from those indicated in the forward-looking statements include, among others, the following: uncertainties associated with the coronavirus (COVID-19) pandemic, including its possible effects on our operations, and the demand for our products; our ability to successfully and profitably market our products; the acceptance of our products and services by healthcare providers; the willingness of health insurance companies and other payers to cover our products and services and adequately reimburse us for such products and services; our ability to obtain and maintain regulatory approvals and comply with applicable regulations; the possibility that the anticipated benefits from our business acquisitions like our acquisition of the Oncotype DX® GPS prostate cancer business will not be realized in full or at all or may take longer to realize than expected; and the amount and nature of competition for our products and services. Other important risks and uncertainties are described in the Risk Factors sections of our most recent Annual Report on Form 20-F and in our other reports filed with the Securities and Exchange Commission. MDxHealth expressly disclaims any obligation to update any such forward-looking statements in this release to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based unless required by law or regulation. This press release does not constitute an offer or invitation for the sale or purchase of securities or assets of MDxHealth in any jurisdiction. No securities of MDxHealth may be offered or sold within the United States without registration under the U.S. Securities Act of 1933, as amended, or in compliance with an exemption therefrom, and in accordance with any applicable U.S. securities laws.

NOTE: The mdxhealth logo, mdxhealth, Confirm mdx, Select mdx, Resolve mdx, Genomic Prostate Score, GPS and Monitor mdx are trademarks or registered trademarks of MDxHealth SA. All other trademarks and service marks are the property of their respective owners.

*NCCN Prostate Cancer Guidelines 1.2023 Discussion Update in Progress (Nov.29, 2022)


© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Tue, 29 Nov 2022 06:06:00 -0600 text/html https://www.benzinga.com/pressreleases/22/11/g29896718/mdxhealth-provides-business-update
Killexams : Video Capillaroscope Market Size, Growth 2023 Global Industry Revenue, Business Demand and Applications Market Research Report to 2028 No result found, try new keyword!Global Video Capillaroscope Market Research Report 2023 is spread across 109 pages and provides Size, Share, Growth, Forecast with an exclusive vital statistic, data, information, trends and ... Tue, 06 Dec 2022 18:09:00 -0600 en-US text/html https://www.marketwatch.com/press-release/video-capillaroscope-market-size-growth-2023-global-industry-revenue-business-demand-and-applications-market-research-report-to-2028-2022-12-07 Killexams : Study highlights the impact of COVID-19 pandemic on publishing in astronomy

The COVID-19 pandemic has had both positive and negative impacts on astronomy research, where overall the number of research papers being produced increased, but the number of new or junior researchers entering the field has dropped. The researchers who carried out the study also found that no single country's female astronomers were able to be more productive than their male colleagues on average, suggests a new study in Nature Astronomy.

In 2021, Project Associate Professor Jia Liu joined the Kavli Institute for the Physics and Mathematics of the Universe (Kavli IPMU) in Tokyo and settled into a new country and job in amidst a global pandemic.

As a new mother and an early career scientist, my life has been heavily affected by the pandemic –– lost childcare, dropped productivity, disconnection from my colleagues, and a tough job market. While rebuilding my research and life routines, I couldn't stop wondering: how are others in my field affected by the pandemic? Am I alone."

Jia Liu, Project Associate Professor

Collaborating with University of California, Berkeley, Postdoctoral Fellow Vanessa Böhm, the researchers decided to find out themselves after not finding the answers in the limited studies available at the time.

The computational cosmologists used their data mining skills to get more than 1.2 million records of astronomical publications since 1950. They wanted to analyze publication patterns by gender and country, but such information is confidential. So, the researchers assigned a gender probability to each author based on their given name and assigned a country based on the paper author's affiliation or affiliations listed in their paper.

The results were surprising, said Liu.

Overall output in astronomy, measured by the annual paper count, had increased.

"While one may assume that COVID has mostly negative impacts on the world, this positive phenomenon may not be hard to understand: COVID-induced changes such as increased flexibility in work arrangement, reduced commutes and business trips, as well as improved virtual technologies, among others, are potentially favorable for conducting scientific research," said Liu.

However, when the researchers looked into whether the positive outcome was result of more researchers entering the field, or an increase in individual productivity, they found the latter was mainly responsible for the trend.

"When we counted the average number of papers each researcher produced, we saw boosted individual productivity seen across most countries. Meanwhile, a decreasing number of incoming new researchers is seen in most of the countries we studied. This result indicates larger barriers for new researchers to enter the field, or for junior researchers to complete their very first project during COVID," said Liu.

Finally, the researchers found the productivity of female astronomers was worst affected. Fourteen out of 25 countries studied saw a smaller fraction of papers written by women, and fewer women researchers entering the astronomy field. During COVID-19 so far, no female researchers were able to be more productive than their male colleagues, even in countries including the Netherlands, Australia, and Switzerland, where female researchers had been as productive as male colleagues before the pandemic.

The researchers say their data only studies trends over a limited period of time as the pandemic still continues. While they were able to study quantitative outputs during the pandemic, the quality of these papers is yet to be studied.

Details of this study were published in Nature Astronomy on 28 November.

Source:

Journal reference:

Böhm, V & Liu, J., (2022) Impact of the COVID-19 pandemic on publishing in astronomy in the initial two years. Nature Astronomy. doi.org/10.1038/s41550-022-01830-9.

Mon, 28 Nov 2022 09:34:00 -0600 en text/html https://www.news-medical.net/news/20221128/Study-highlights-the-impact-of-COVID-19-pandemic-on-publishing-in-astronomy.aspx
Killexams : 22% of Costa Rica's ICT business park offers technologies linked to the Fourth Industrial Revolution
  • Technology 4.0 exports exceeded $11.4 million in 2021. 
  • Nearly 8 out of 10 of these companies are exporters. 

SAN JOSÉ, Costa Rica, Dec. 2, 2022 /CNW/ -- Companies linked to the Fourth Industrial Revolution made up at least 22% of the total ICT business park in Costa Rica in 2021 (estimated at 450 companies), according to findings from the study "Profile of the Costa Rican supply specialized in 4.0 technologies (II Edition, 2021)", prepared by the Foreign Trade Promoter of Costa Rica (PROCOMER).

This is the second edition of the study conducted by the Promoter, the first of which was conducted in 2019.

Marta Esquivel, director of business planning and intelligence at PROCOMER, explained that the services offered by these companies are mainly: cloud computing (20% of the companies), industry 4.0 integration (19%), the internet of things (13%), robotic process automation (10%) and big data(9%), among a total of 10 technological categories.

"By the Fourth Industrial Revolution, we mean the interaction between digital technologies, cyber-physical systems, and cloud networks, for example. The world is undergoing a dizzying transformation that is radically changing the way we produce, consume, market, and work. A process of change to which numerous companies have been added at the national level," stated Esquivel.

She added that, among the main technologies offered by this group of companies, it is industry 4.0 integration that recorded the greatest expansion between 2019 and 2021, going from 2% to 19% in the total number of companies in the sector that specialize in it.

In 2021, the sector was characterized by a greater number of small companies (54%) and micro companies (32%), that is, between 1 and 30 employees. Among the companies surveyed for this study, the sector registered 1,090 direct jobs, an increase of 120 positions compared to 2019, with companies specialized in cloud computing reporting the largest number of jobs.

Erick Apuy, economic analyst in charge of the study, explained that "these sized companies, measured in terms of employees, allow the sector to have some flexibility to develop their operations, not to mention that some of their services may have an experimental or exploratory aspect to them with high added value," said Apuy.

Export experience 

78% of these companies recorded exports, and in 2021, an estimated at least $11.4 million in international sales: Colombia (43% of exporters), Mexico (42%), the United States (40%), Panama (38%), and Guatemala (36%) the main destinations for the commercialization of 4.0 technologies.

In addition, Apuy stated that the local market is still the main consumer of 4.0 technologies for this sector, representing 63% of total sales in 2021 (close to $19.5 million), and this participation increased compared to 2019 when it recorded participation of 56%.

"This may show a greater openness on the part of local demand for digital transformation integration processes. Additionally, as demonstrated, there is still room to develop more local chains, more sales, and a closer relationship between the two parties," the analyst concluded.

Technology, health care, and the pandemic

The PROCOMER study shows that, between 2019 and 2021, a majority of the sector (78%) developed or prepared technological solutions in response to the needs raised by the pandemic, for example, solutions such as remote working, product traceability, digital payment systems, and others, such as applications for the health care sector.

Regarding this last area, Apuy points out that, in 2021, the sector showed customer growth in health care, medical devices, and the pharmaceutical industry, which reflects signs of the sector's ability to adapt and explore new value-added opportunities derived from the market post-pandemic.

SOURCE PROCOMER

For further information: Ofelia Fernández, [email protected]

Thu, 01 Dec 2022 23:58:00 -0600 en text/html https://www.newswire.ca/news-releases/22-of-costa-rica-s-ict-business-park-offers-technologies-linked-to-the-fourth-industrial-revolution-868543323.html
Killexams : Anteris Technologies Receives FDA Clearance to Initiate Early Feasibility Study for its Novel TAVR Product, DurAVR™

U.S. Clinical Trial Commencement Anticipated in 1Q2023

BRISBANE, Australia & EAGAN, Minn., November 28, 2022--(BUSINESS WIRE)--Anteris Technologies Ltd (ASX: AVR), a structural heart company developing DurAVR™, the world’s only balloon-expandable, 3D single-piece aortic valve shaped to mimic the native human valve, today announced the U.S. Food and Drug Administration (FDA) has conditionally approved the DurAVR™ Transcatheter Heart Valve (THV; TAVR) System for investigational device exemption (IDE) application to commence an Early Feasibility Study (EFS).

The EFS study will evaluate the safety and feasibility of DurAVR™ in the treatment of subjects with symptomatic severe native aortic stenosis (AS). The FDA concluded the Company provided adequate data to support the initiation of a clinical study in the United States. The EFS will enroll 15 subjects at 7 Heart Valve Centers of Excellence within the United States. It is anticipated the study will commence in early 2023, paving the way for a pivotal, registration AS trial in 1H2024.

The primary and key secondary endpoints of this trial include safety and device feasibility assessments such as success of implantation at the anatomically accurate position, and hemodynamic performance assessments including effective orifice area (EOA), mean gradient, aortic regurgitation, paravalvular leak (PVL) and Doppler Velocity Index (DVI). Patient outcomes such as stroke, myocardial infarction, life-threatening bleeds, and all-cause mortality are to be reported at 30 days, 3-months, and 1-year post implantation.

The FDA has categorized DurAVR™ in this study as a CMS Category B device, which permits the device to be sold during the study pending CMS approval.

"I am pleased and eager to begin the DurAVR™ THV EFS to further evaluate this promising novel technology. The single piece, native-shape valve design of the DurAVR™ THV represents an advancement to existing heart valve technologies. I am excited to see the potential of the DurAVR™ THV in treating patients suffering from severe aortic stenosis," stated Dr. Michael Reardon, Allison Family Distinguished Chair in Cardiovascular Research, Department of Cardiovascular Surgery, Professor of Cardiovascular Surgery, Houston Methodist Hospital, Houston, TX and Study Chair for the DurAVR™ THV Early Feasibility Study.

"The FDA approval to begin the DurAVR™ EFS is a critical milestone for Anteris achieving Pre-Market Approval in the United States. It is also another validation of the remarkable work done so far. This study will build upon clinical data from the DurAVR™ First-in-Human Study recently presented at the Transcatheter Cardiovascular Therapeutics (TCT) conference in Boston USA and London Valves in London, England. I am extremely proud of the entire Anteris Team for achieving this pivotal milestone in the clinical development of the DurAVR™ THV System," said Dr. Chris Meduri, Chief Medical Officer Anteris Technologies.

"This study sets up 2023 to be a significant year of milestones and catalysts as we continue to build our remarkable base of evidence amongst patients who have had DurAVR™ implanted. In the next year, we will significantly expand the patient population implanted with DurAVR™, a new class of valve made with a first-in-class, single-piece, native-like valve design built upon our breakthrough ADAPT® tissue treatment that has years of real world experience," said Wayne Paterson, Chief Executive Officer, Anteris Technologies.

DurAVR™ THV System is an investigational device, limited by federal law for investigational use only.

About Anteris Technologies Ltd (ASX: AVR)

Anteris Technologies Ltd is a structural heart company that delivers clinically superior and durable solutions through better science and better design.

Anteris is focused on developing next-generation technologies that help healthcare professionals deliver consistent, life-changing outcomes for patients.

Anteris’ DurAVR™ 3D, single-piece, aortic heart valve replacement addresses the needs of today’s younger and more active aortic stenosis patients by delivering superior performance and durability through innovations designed to last the remainder of a patient’s lifetime.

The proven benefits of Anteris’ patented ADAPT® tissue technology, paired with the unique design of our DurAVR™ 3D, single-piece, aortic heart valve, have the potential to deliver a game-changing treatment to aortic stenosis patients worldwide and provide a much-needed solution to the challenges facing doctors today.

Authorisation and Additional information

This announcement was authorised by Mr. Wayne Paterson, Chief Executive Officer.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221128005210/en/

Contacts

For more information:

Investor contact
Deanne Curry
GRACosway
E: investors@anteristech.com
M: +61 414 388 997

Media contact
Nick Howe
GRACosway
nhowe@gracosway.com.au
M: +61 407 183 221

www.anteristech.com
Twitter: @AnterisTech
Facebook: www.facebook.com/AnterisTech
LinkedIn: https://www.linkedin.com/company/anteristech

Sun, 27 Nov 2022 23:00:00 -0600 en-CA text/html https://ca.style.yahoo.com/anteris-technologies-receives-fda-clearance-130000814.html
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