Vectrus Launches Expanded Converged Environment Service Offering to Support DoD Readiness and Modernization Initiatives

Research, News, and Market Data on Vectrus

 

 COLORADO SPRINGS, Colo., Feb. 1, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) is excited to announce the expansion of its Converged Environment service offering, which designs and implements integrated technology solutions to address installation management challenges faced by the Department of Defense (DoD). The Converged Environment incorporates and expands Vectrus’ existing Converged Infrastructure offering, creating operational efficiencies by integrating all aspects of physical and digital infrastructure. In doing so, the Converged Environment improves performance and reduces costs across communications, assets, logistics, supply chains, acquisition, cyber and physical security, facilities, and operational processes.

Much of the military’s base operations today relies on aging infrastructure and manual inputs, while leaving gaps in the information leaders need. The result is an operational model that falls short of the DoD’s modernization goals, which demand connected, resilient, and cost-effective solutions. The Vectrus Converged Environment approach is designed to meet and advance these needs.

“Unlike traditional solutions, the Vectrus approach exists at the intersection of technology, security, and assets, making us uniquely positioned to unlock the benefits that come with integration. Vectrus is also a service company, bringing highly expert leaders and users to these challenges, so we can shrink the cost and time between understanding an opportunity and implementing a converged solution,” said Corinne Minton-Package, Senior Vice President of Systems and Technology at Vectrus. “Our Converged Environment offering meets the demands of the military while promoting cost savings, increased security, and more strategic use of resources — and rapidly enabling critical data-driven decision-making for our customers.”

The Converged Environment approach is already in practice at Naval Base Coronado in San Diego. As prime contractor, Vectrus is integrating technology solutions and applications for a smart warehouse. This “warehouse of the future,” which involves transshipment between shore facilities and Naval units, will improve efficiency, accuracy, security, and safety of material across supply handling, management, storage, and distribution.

“Vectrus is a trusted partner of the U.S. military — our networked solutions enhance readiness, improve security, streamline logistics, and increase operational advantage. In short, we are the convergence point,” explained Minton-Package. “We are proud of this investment and are committed to developing tailored solutions to meet the DoD’s modernization objectives through the deployment of Vectrus Converged Environments.”

About Vectrus

Vectrus, a defense technology company, has provided mission critical support for the toughest operational challenges our customers have faced for more than 70 years. We leverage emerging technologies, unmatched technical expertise, exceptional talent, and deep domain knowledge to deliver innovative solutions for military and government customers worldwide. Whether it’s base operations support, converged environment solutions, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. 

Vectrus is headquartered in Colorado Springs, Colo., and includes about 9,200 employees spanning 206 locations in 27 countries. In 2020, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Media Contact:

Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.

 

Vectrus Launches Expanded Converged Environment Service Offering to Support DoD Readiness and Modernization Initiatives

Research, News, and Market Data on Vectrus

 

 COLORADO SPRINGS, Colo., Feb. 1, 2022 /PRNewswire/ — Vectrus, Inc. (NYSE: VEC) is excited to announce the expansion of its Converged Environment service offering, which designs and implements integrated technology solutions to address installation management challenges faced by the Department of Defense (DoD). The Converged Environment incorporates and expands Vectrus’ existing Converged Infrastructure offering, creating operational efficiencies by integrating all aspects of physical and digital infrastructure. In doing so, the Converged Environment improves performance and reduces costs across communications, assets, logistics, supply chains, acquisition, cyber and physical security, facilities, and operational processes.

Much of the military’s base operations today relies on aging infrastructure and manual inputs, while leaving gaps in the information leaders need. The result is an operational model that falls short of the DoD’s modernization goals, which demand connected, resilient, and cost-effective solutions. The Vectrus Converged Environment approach is designed to meet and advance these needs.

“Unlike traditional solutions, the Vectrus approach exists at the intersection of technology, security, and assets, making us uniquely positioned to unlock the benefits that come with integration. Vectrus is also a service company, bringing highly expert leaders and users to these challenges, so we can shrink the cost and time between understanding an opportunity and implementing a converged solution,” said Corinne Minton-Package, Senior Vice President of Systems and Technology at Vectrus. “Our Converged Environment offering meets the demands of the military while promoting cost savings, increased security, and more strategic use of resources — and rapidly enabling critical data-driven decision-making for our customers.”

The Converged Environment approach is already in practice at Naval Base Coronado in San Diego. As prime contractor, Vectrus is integrating technology solutions and applications for a smart warehouse. This “warehouse of the future,” which involves transshipment between shore facilities and Naval units, will improve efficiency, accuracy, security, and safety of material across supply handling, management, storage, and distribution.

“Vectrus is a trusted partner of the U.S. military — our networked solutions enhance readiness, improve security, streamline logistics, and increase operational advantage. In short, we are the convergence point,” explained Minton-Package. “We are proud of this investment and are committed to developing tailored solutions to meet the DoD’s modernization objectives through the deployment of Vectrus Converged Environments.”

About Vectrus

Vectrus, a defense technology company, has provided mission critical support for the toughest operational challenges our customers have faced for more than 70 years. We leverage emerging technologies, unmatched technical expertise, exceptional talent, and deep domain knowledge to deliver innovative solutions for military and government customers worldwide. Whether it’s base operations support, converged environment solutions, supply chain and logistics, IT mission support, engineering and digital integration, security, or maintenance, repair, and overhaul, our customers count on us for on-target solutions that increase efficiency, reduce costs, improve readiness, and strengthen national security. 

Vectrus is headquartered in Colorado Springs, Colo., and includes about 9,200 employees spanning 206 locations in 27 countries. In 2020, Vectrus generated sales of $1.4 billion. For more information, visit the company’s website at www.vectrus.com or connect with Vectrus on Facebook, Twitter, and LinkedIn.

Media Contact:

Mike Smith, CFA
719-637-5773
michael.smith@vectrus.com

SOURCE Vectrus, Inc.

Tuesday, February 01, 2022

DLH (DLHC)
First Quarter Fiscal 2022 Results

DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of Defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

1QFY22 Results. Revenue totaled $152.8 million, up from $57.9 million in 1Q21. The short-term FEMA awards accounted for $91.1 million of the increase. Earnings were $7.8 million, or $0.55 per diluted share, compared to $1.8 million, or $0.13 per diluted share last year. Ex FEMA, DLH still reported excellent results. Revenue rose 7% year-over-year to $61.7 million, while earnings were $3.1 million, or $0.22 per diluted share. We had projected revenue of $158 million and EPS of $0.48.


Debt Paydown Continues.  During the quarter, DLH reduced the outstanding term loan to $42.9 million from the $46.8 million outstanding at fiscal year end. Mandatory principal amortization on the loan has now been satisfied until March 31, 2024. We expect debt reduction to continue to be a focus of management, all else being equal. With the rapid paydown, additional M&A, which remains a key aspect of …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Offshore Wind Farms Could Help Capture Carbon from Air and Store it Long-Term – Using Energy that Would Have Gone to Waste

 

Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approved utility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard.

By 2030, the Biden administration’s goal is to have 30 gigawatts of offshore wind energy flowing, enough to power more than 10 million homes.

Replacing fossil fuel-based energy with clean energy like wind power is essential to holding off the worsening effects of climate change. But that transition isn’t seen as happening fast enough to stop global warming. Human activities have pumped so much carbon dioxide into the atmosphere that we may have to remove carbon dioxide from the air and lock it away permanently.

Offshore wind farms are uniquely positioned to do both – and save money.

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of David Goldberg, Lamont Research Professor, Columbia University

 

 

Most renewable energy lease areas off the Atlantic Coast are near the Mid-Atlantic states and Massachusetts. About 480,000 acres of the New York Bight is scheduled to be auctioned for wind farms in February 2022. BOEM

As a marine geophysicist, I have been exploring the potential for pairing wind turbines with technology that captures carbon dioxide directly from the air and stores it in natural reservoirs under the ocean. Built together, these technologies could reduce the energy costs of carbon capture and minimize the need for onshore pipelines, reducing impacts on the environment.

 

Capturing CO2 From the Air

Several research groups and tech startups are testing direct air capture devices that can pull carbon dioxide directly from the atmosphere. The technology works, but the early projects so far are expensive and energy intensive.

The systems use filters or liquid solutions that capture CO2 from air blown across them. Once the filters are full, electricity and heat are needed to release the carbon dioxide and restart the capture cycle.

For the process to achieve net negative emissions, the energy source must be carbon-free.

The world’s largest active direct air capture plant operating today does this by using waste heat and renewable energy. The plant, in Iceland, then pumps its captured carbon dioxide into the underlying basalt rock, where the CO2 reacts with the basalt and calcifies, turning to solid mineral.

A similar process could be created with offshore wind turbines.

If direct air capture systems were built alongside offshore wind turbines, they would have an immediate source of clean energy from excess wind power and could pipe captured carbon dioxide directly to storage beneath the sea floor below, reducing the need for extensive pipeline systems.

 

Climeworks, a Swiss company, has 15 direct air capture plants removing carbon dioxide from
the air. Climeworks

Researchers are currently studying how these systems function under marine conditions. Direct air capture is only beginning to be deployed on land, and the technology likely would have to be modified for the harsh ocean environment. But planning should start now so wind power projects are positioned to take advantage of carbon storage sites and designed so the platforms, sub-sea infrastructure and cabled networks can be shared.

Using Excess Wind Power When it isn’t Needed

By nature, wind energy is intermittent. Demand for energy also varies. When the wind can produce more power than is needed, production is curtailed and electricity that could be used is lost.

That unused power could instead be used to remove carbon from the air and lock it away.

For example, New York State’s goal is to have 9 gigawatts of offshore wind power by 2035. Those 9 gigawatts would be expected to deliver 27.5 terawatt-hours of electricity per year.

Based on historical wind curtailment rates in the U.S., a surplus of 825 megawatt-hours of electrical energy per year may be expected as offshore wind farms expand to meet this goal. Assuming direct air capture’s efficiency continues to improve and reaches commercial targets, this surplus energy could be used to capture and store upwards of 0.5 million tons of CO2 per year.

That’s if the system only used surplus energy that would have gone to waste. If it used more wind power, its carbon capture and storage potential would increase.

 

 Several Mid-Atlantic areas being leased for offshore wind farms also have potential for carbon storage beneath the seafloor. The capacity is measured in millions of metric tons of CO2 per square kilometer. The U.S. produces about 4.5 billion metric tons of CO2 from energy per year. U.S. Department of Energy and Battelle

The Intergovernmental Panel on Climate Change has projected that 100 to 1,000 gigatons of carbon dioxide will have to be removed from the atmosphere over the century to keep global warming under 1.5 degrees Celsius (2.7 Fahrenheit) compared to pre-industrial levels.

Researchers have estimated that sub-seafloor geological formations adjacent to the offshore wind developments planned on the U.S. East Coast have the capacity to store more than 500 gigatons of CO2. Basalt rocks are likely to exist in a string of buried basins across this area too, adding even more storage capacity and enabling CO2 to react with the basalt and solidify over time, though geotechnical surveys have not yet tested these deposits.

Researchers have estimated that sub-seafloor geological formations adjacent to the offshore wind developments planned on the U.S. East Coast have the capacity to store more than 500 gigatons of CO2. Basalt rocks are likely to exist in a string of buried basins across this area too, adding even more storage capacity and enabling CO2 to react with the basalt and solidify over time, though geotechnical surveys have not yet tested these deposits.

 

Planning Both at Once Saves Time and Cost

New wind farms built with direct air capture could deliver renewable power to the grid and provide surplus power for carbon capture and storage, optimizing this massive investment for a direct climate benefit.

But it will require planning that starts well in advance of construction. Launching the marine geophysical surveys, environmental monitoring requirements and approval processes for both wind power and storage together can save time, avoid conflicts and improve environmental stewardship.

 

Suggested Reading

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Lithium-Ion Power vs Hydrogen Fuel Cell

How Does Uranium Fit Into the ESG Energy Landscape?

Has 28 Years of Jumpstarting Renewable Energy Been Effective?

 

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CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

Research, News, and Market Data on CoreCivic

 

BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022.

A live broadcast of CoreCivic’s conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company’s website at www.corecivic.com under the “Events & Presentations” section of the “Investors” page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact:

Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024 Media: Steve Owen – Vice President, Communications – (615) 263-3107

CoreCivic Announces 2021 Fourth Quarter Earnings Release and Conference Call Dates

Research, News, and Market Data on CoreCivic

 

BRENTWOOD, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 fourth quarter financial results after the market closes on Wednesday, February 9, 2022.

A live broadcast of CoreCivic’s conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 10, 2022, and will be accessible through the Company’s website at www.corecivic.com under the “Events & Presentations” section of the “Investors” page. The live broadcast can also be accessed by dialing 877-614-0009 in the U.S. and Canada, including the confirmation passcode 8591205. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:15 p.m. central time (2:15 p.m. eastern time) on February 10, 2022, through 1:15 p.m. central time (2:15 p.m. eastern time) on February 18, 2022. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8591205.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact:

Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024 Media: Steve Owen – Vice President, Communications – (615) 263-3107

	Image Credit: JJBers (Flickr)

Recent Patent Filings Show the Extent that Large Companies are Prepping for Blockchain Profits

 

What would a Walmart metaverse look and feel like? How valuable would a Walmart cryptocurrency become? Could the world’s largest department store, known for value-priced merchandise, successfully “stock” sought-after NFTs? As many as seven filings made Dec. 30 at the U.S. Patent and Trademark Office (USPTO) together could lay out a roadmap of Walmart’s intention to expand into digital assets and all the digital possibilities provided by the metaverse.

The world’s second-largest retailer by sales is following a number of other highly successful companies developing a digital arm with a look toward the perceived future. This includes blockchain products such as digital currency, NFTs, and the 3-D experiences available through the metaverse. If the business plan follows most others, one-of-a-kind digital products (NFTs) will be available on a metaverse platform with a virtual place to shop.  The currency? A Walmart coin.

The filings at the USPTO include the provision of a Walmart virtual currency including exchange services via blockchain technology. A separate application to the USPTO describes downloadable software for uses ranging from managing a portfolio of cryptocurrencies to e-commerce and augmented reality creation.

Games

In one of the filings, Walmart details the possibility of a virtual reality game and an online retail service with a marketplace of digital goods authenticated by NFTs. These goods could range from coffee makers, to exercise bikes, children’s toys, easy chairs, whatever makes the user’s experience more fulfilling in the Walmart metaverse.

According to a quote in Barrons’ attributed to a “company spokesman” Walmart routinely files patents. The spokesman said, “Walmart is continuously exploring how technologies may shape the future of shopping experiences.” The filings are described as “super intense” according to trademark attorney, Josh Gerben, “There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.” Gerben said that ever since Facebook announced it was changing its company name to Meta, signaling its ambitions beyond social media, businesses have been rushing to figure out how they will fit into a virtual world. “All of a sudden, everyone is like, this is becoming super real and we need to make sure our IP is protected in the space,’” said the trademark attorney.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading

Walmart’s Blockchain History to Add a New Chapter

With Inflation Pushing Up the COLA on Social Security, Investing Where Seniors Spend Could Pay Off!

Is Amazon Getting Primed for Cryptocurrencies?

Elon Musk, Jack Dorsey, and Cathie Wood Drop Bombshells at Bitcoin Conference

 

 

Sources

https://www.4029tv.com/article/amazon-surpasses-walmart/37342527#

https://www.uspto.gov/

https://www.gerbenlaw.com/news/cnbc-discusses-walmarts-metaverse-trademarks-with-josh-gerben/

https://www.cnbc.com/2022/01/16/walmart-is-quietly-preparing-to-enter-the-metaverse.html

https://www.barrons.com/articles/walmart-plans-to-enter-the-metaverse-with-crypto-and-nfts-51642421072

 

Stay up to date. Follow us:

	Image Credit: JJBers (Flickr)

Recent Patent Filings Show the Extent that Large Companies are Prepping for Blockchain Profits

 

What would a Walmart metaverse look and feel like? How valuable would a Walmart cryptocurrency become? Could the world’s largest department store, known for value-priced merchandise, successfully “stock” sought-after NFTs? As many as seven filings made Dec. 30 at the U.S. Patent and Trademark Office (USPTO) together could lay out a roadmap of Walmart’s intention to expand into digital assets and all the digital possibilities provided by the metaverse.

The world’s second-largest retailer by sales is following a number of other highly successful companies developing a digital arm with a look toward the perceived future. This includes blockchain products such as digital currency, NFTs, and the 3-D experiences available through the metaverse. If the business plan follows most others, one-of-a-kind digital products (NFTs) will be available on a metaverse platform with a virtual place to shop.  The currency? A Walmart coin.

The filings at the USPTO include the provision of a Walmart virtual currency including exchange services via blockchain technology. A separate application to the USPTO describes downloadable software for uses ranging from managing a portfolio of cryptocurrencies to e-commerce and augmented reality creation.

Games

In one of the filings, Walmart details the possibility of a virtual reality game and an online retail service with a marketplace of digital goods authenticated by NFTs. These goods could range from coffee makers, to exercise bikes, children’s toys, easy chairs, whatever makes the user’s experience more fulfilling in the Walmart metaverse.

According to a quote in Barrons’ attributed to a “company spokesman” Walmart routinely files patents. The spokesman said, “Walmart is continuously exploring how technologies may shape the future of shopping experiences.” The filings are described as “super intense” according to trademark attorney, Josh Gerben, “There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.” Gerben said that ever since Facebook announced it was changing its company name to Meta, signaling its ambitions beyond social media, businesses have been rushing to figure out how they will fit into a virtual world. “All of a sudden, everyone is like, this is becoming super real and we need to make sure our IP is protected in the space,’” said the trademark attorney.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading

Walmart’s Blockchain History to Add a New Chapter

With Inflation Pushing Up the COLA on Social Security, Investing Where Seniors Spend Could Pay Off!

Is Amazon Getting Primed for Cryptocurrencies?

Elon Musk, Jack Dorsey, and Cathie Wood Drop Bombshells at Bitcoin Conference

 

 

Sources

https://www.4029tv.com/article/amazon-surpasses-walmart/37342527#

https://www.uspto.gov/

https://www.gerbenlaw.com/news/cnbc-discusses-walmarts-metaverse-trademarks-with-josh-gerben/

https://www.cnbc.com/2022/01/16/walmart-is-quietly-preparing-to-enter-the-metaverse.html

https://www.barrons.com/articles/walmart-plans-to-enter-the-metaverse-with-crypto-and-nfts-51642421072

 

Stay up to date. Follow us:

Tuesday, January 11, 2022

CoreCivic, Inc. (CXW)
A Significant Win

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. We are a publicly traded real estate investment trust and the nation’s largest owner of partnership correctional, detention and residential reentry facilities. We also believe we are the largest private owner of real estate used by U.S. government agencies. The Company has been a flexible and dependable partner for government for more than 35 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Arizona Win. Yesterday, CoreCivic announced that the Company was awarded a new contract with the state of Arizona for up to 2,706 adult male inmates to be housed at the Company’s 3,060 bed La Palma Correctional Center in Eloy, Arizona. This is a significant award for the Company, in our view, as it is the largest prison contract awarded in the private sector by any state in over a decade.


Contract Details.  The contract has an initial term of five years, with one extension option for up to five years. The Company and Arizona Department of Corrections are currently working on a ramp plan that is expected to begin late in the first or early in the second quarter of 2022. Upon full utilization of the new contract, the Company expects to generate approximately $75 million to $85 million …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Tuesday, January 11, 2022

The GEO Group, Inc. (GEO)
What Do The Debt Negotiations Reveal?

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Debt Negotiations. Late last week, GEO filed an 8-K with the SEC highlighting confidential discussions that the Company has engaged in with certain holders of its secured debt concerning a potential refinancing, exchange, recapitalization, or other transaction. While no agreement has been reached yet, negotiations are expected to continue.


Business Model Highlights.  We believe the presentation highlights the strength of GEO’s operating model. For example, management’s long-term financial forecast anticipates relatively flat revenues, adjusted EBITDA, and unlevered free cash flow through the 2024 forecast period, even factoring in the negative impact of the President’s executive order …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

	Image Credit: Manhaii (Flickr)

Non-Fungible-Tokens Have Become a New Revenue Source for Once Stodgy Institutions

 

Announcements of innovative and creative uses for non-fungible tokens (NFT) have become almost weekly events. The underlying blockchain technology most recognized for its cryptocurrency benefits is seeing tremendous potential growth with NFTs. This week’s big NFT announcement is something that has never been done before. It came from the American news service, Associated Press (AP). The companies 175-year-old treasure trove of images will be used via NFT sales to fund growth into other journalistic pursuits.

In their news release, AP said they plan to open an NFT marketplace with the first offering to debut on Monday, Jan. 31. The initial collection will feature photography by current and former AP photojournalists and a selection of digitally enhanced depictions of their work. These works will include Pulitzer Prize-winning AP images.  The marketplace will use the Xooa platform.

“For 175 years AP’s journalists have recorded the world’s biggest stories, including through gripping and poignant images that continue to resonate today,” said Dwayne Desaulniers, AP director of blockchain and data licensing. “With Xooa’s technology, we are proud to offer these tokenized pieces to a fast-growing global audience of photography NFT collectors.”

Each NFT will include a comprehensive set of metadata to heighten collectors’ awareness of the time, date, location, equipment, and technical settings used for the shot.

The company said the initial collection will be released over a period of weeks beginning Jan. 31. NFT subjects will range from space, climate, war, and other images to spotlight the work of specific AP photographers.

NFT price points will vary. As a not-for-profit news cooperative, proceeds go back into funding AP journalism.

Collectors of all levels will be able to seamlessly buy, sell and trade official AP digital collectibles through the marketplace. It will support secondary market transactions and purchases using credit card payments as well as crypto wallets, including MetaMask, with support for Fortmatic, Binance, and Coinbase (NASDAQ: COIN) to come.

The NFTs will be minted on the Polygon blockchain, which is an environmentally friendly, Ethereum-compatible layer two solution.

“Xooa is proud to work with The Associated Press to launch AP’s NFT marketplace. Xooa’s work with brands around NFTs and metaverse marketplaces provides inherent scarcity and utility for collectors as well as a powerful connection between the virtual world and the real world,” said Zach Danker-Feldman, Xooa’s head of marketplaces. “In this marketplace deployment, emphasis has been placed on accessibility for all types of collectors to empower them to join a community that shares their interest in stunning photography.”

 

Take-Away

There are new ways companies are finding to benefit from blockchain-derived NFTs. Even a 175-year-old company is finding value and a way to unlock that value in its rich history of photos and other images. The AP plans to launch its NFT marketplace on January 31st. It will sell cryptographically-signed versions of its award-winning photographs.

 

Suggested Reading:

Making Sense of Non-Fungible Tokens – Living in a Digital World

Fractional NFTs, Metaverse-Museums, and Crypto-Brokers

Attend Paris Hilton’s Metaverse NYE Party

Blockchain 2022 – What’s Next?

 

Sources:

https://www.tweaktown.com/news/83925/associated-press-to-sell-decades-worth-of-historic-photos-as-nfts/index.html

https://apmarket.xooa.com/p/join-waiting-list

 

 

 

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Tuesday, January 11, 2022

The GEO Group, Inc. (GEO)
What Do The Debt Negotiations Reveal?

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Debt Negotiations. Late last week, GEO filed an 8-K with the SEC highlighting confidential discussions that the Company has engaged in with certain holders of its secured debt concerning a potential refinancing, exchange, recapitalization, or other transaction. While no agreement has been reached yet, negotiations are expected to continue.


Business Model Highlights.  We believe the presentation highlights the strength of GEO’s operating model. For example, management’s long-term financial forecast anticipates relatively flat revenues, adjusted EBITDA, and unlevered free cash flow through the 2024 forecast period, even factoring in the negative impact of the President’s executive order …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.