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Intesa Sanpaolo presents Industrial Districts Report. Gros-Pietro, excellent rebound from Covid

MILAN, Italy, July 19, 2023 (GLOBE NEWSWIRE) — Focus on the rebound of businesses after the pandemic in Intesa Sanpaolo’s “Economy and Finance of Industrial Districts 2022” Report, now in its 15th edition. It was presented by the Intesa Sanpaolo Chairman Gian Maria Gros-Pietro, the Chief Economist Gregorio De Felice and the Head of Industry & Banking Research Fabrizio Guelpa. The Report illustrates the speed of the districts’ recovery after the 2020 crash. It goes on to describe the actions taken to counter energy price rises and quantifies the effects of the energy crisis on business margins. Finally, the Report focuses on priorities: a combined mix of technology, innovation and human capital, which are among the key elements to return to growth in 2024, when demand will recover. The analysis of the balance sheets of more than 90,000 enterprises shows the post-pandemic recovery of 22,302 enterprises belonging to 159 industrial districts, compared to 68,377 non-district enterprises specialising in district production. A better dynamics of district enterprises emerges, which in median terms already in 2021 recorded a turnover 5.2% above 2019 levels, two percentage points higher than in non-district areas. Profitability also strengthened: the EBITDA margin in the districts rose to 7.7%, three-tenths of a point higher than in 2019.

In 2022, district enterprises register a turnover dynamic of +16.7%, better than the manufacturing sector as a whole. For 2023-24, nominal turnover growth is estimated to be even higher than in manufacturing (+3.3% vs. +0.9%), in a context of virtually unchanged producer prices. And exports are also set to reach a record high of EUR 153 billion.

“The companies in the industrial districts have shown that they are capable of bouncing back very well from the pandemic and surviving even this war, which has caused a disruption of supply flows, a sudden increase in the cost of energy and other fundamental elements for production,” highlighted the Chairman Gros-Pietro.

And then there was the ability to react to the energy crisis. “There are already many companies in the industrial districts that are active in the self-production of energy: for a quarter, the energy bill paid to the utilities has dropped between 2019 and 2022,” explained Gregorio De Felice Chief Economist Intesa Sanpaolo.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45d3fb7b-48e6-4157-aa53-d55c5324685f

GlobeNewswire Distribution ID 8876995

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Constellation Brands Announces Governance Enhancements, Elects Two New Independent Directors

Luca Zaramella, CFO of Mondelēz International, and William T. Giles, Former CFO of AutoZone, to Join the Company’s Board of Directors

Constellation Enters into Cooperation and Information Sharing Agreements with Elliott Investment Management L.P.

Company to Host Investor Day This Fall

VICTOR, N.Y., July 18, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced the election of Luca Zaramella, Chief Financial Officer of Mondelēz International, and William (Bill) T. Giles, former Chief Financial Officer of AutoZone, to the company’s Board of Directors effective July 18, 2023, following the conclusion of the company’s 2023 Annual Meeting of Stockholders. Based on the preliminary results of the Annual Meeting, the 11 incumbent Directors that stood for reelection have each been reelected to the Board for a one-year term. Today’s election of Mr. Zaramella and Mr. Giles brings the size of Constellation’s Board to 13 members and comes as part of a comprehensive Board refreshment and governance enhancement process the company launched following its transition from a dual to a single class share structure last year.

As part of this process and to facilitate collaboration with Elliott Investment Management L.P. (together with its affiliates, “Elliott”), one of Constellation’s largest investors, Constellation has entered into Information Sharing and Cooperation Agreements with Elliott. Under the Information Sharing and Cooperation Agreements, Elliott has agreed to standstill, voting, confidentiality, and other provisions.

“We are excited to welcome Luca and Bill, who bring strong financial expertise that we believe will greatly benefit Constellation’s Board and management team, as we focus on long-range planning, capital allocation, and financing strategies,” said Constellation Brands President and Chief Executive Officer Bill Newlands. “We appreciate the perspective provided by our counterparts at Elliott, who have provided valuable input as we continue to take steps to enhance value to the company’s shareholders and other stakeholders.”

“After several months of constructive discussions with Constellation, we are pleased to have collaborated with CEO Bill Newlands and the Company on these governance enhancements, which build on the positive changes Constellation has already made,” said Elliott Senior Portfolio Manager Marc Steinberg and Portfolio Manager Michael Goldberg. “We are among Constellation’s largest investors because we believe the company’s meaningful growth potential, powered by its premier Mexican beer portfolio, is not currently reflected in the company’s stock price, and represents a significant amount of value that can be created from here. We believe that Bill and his team are the right leaders with the right strategy to deliver that value to shareholders through strong commercial execution and focused capital allocation.”

Constellation also will host an investor day later this year to provide an update on the strategic initiatives and outlook of the company and its Beer and Wine & Spirits Businesses. The event will include presentations and Q&A sessions with members of Constellation’s leadership team. In-person attendance for financial analysts and institutional investors will be by invitation only due to limited capacity, but presentation materials and a live webcast of the event, as well as replay of the webcast following the event, will be made available through the company’s Investor Relations website (ir.cbrands.com). The specific date, time, and location for the event will be announced at a later date.

ABOUT LUCA ZARAMELLA
Luca Zaramella has served as Executive Vice President, Chief Financial Officer of Mondelēz International (Nasdaq: MDLZ) (“Mondelēz”), a global snacking leader, since August 2018. In this role, he is responsible for the oversight of the company’s global Finance, Information and Technology Solutions and shared service functions. He previously served as Senior Vice President Corporate Finance, CFO Commercial, and Treasurer from June 2016 to July 2018, as Interim Lead Finance North America from April 2017 to November 2017, as Senior Vice President and Corporate Controller from December 2014 to August 2016, and as Senior Vice President, Finance of Mondelēz Europe from October 2011 to November 2014. He joined Mondelēz in 1996.

As a current chief financial officer, Mr. Zaramella brings to the Board his expertise in global finance, information and technology solutions, mergers and acquisitions, and shared service functions.

ABOUT WILLIAM T. GILES
William T. Giles served as Chief Financial Officer and Executive Vice President – Finance, Information Technology and Store Development, Customer Satisfaction for AutoZone, Inc. (NYSE: AZO) (“AutoZone”), the leading retailer and distributor of automotive replacement parts and accessories in the Americas, from 2007 to December 2020. Mr. Giles joined AutoZone in 2006 as Chief Financial Officer and Executive Vice President Finance. From 1991 to May 2006, he held several positions with Linens ‘n Things, Inc., a retailer of home textiles, housewares, and decorative home accessories, most recently as Executive Vice President and Chief Financial Officer. Prior to 1991, Mr. Giles was with Melville, Inc. and PricewaterhouseCoopers.

Mr. Giles serves on the board of directors for Brinker International (NYSE: EAT) and Floor and Decor Holdings, Inc (NYSE: FND). In addition, Mr. Giles is a member of the American Certified Public Accountants and the New York State Society of CPAs.

Mr. Giles brings to the Board more than three decades of financial proficiency and business leadership in retail products and skills as chief financial officer of a public company. He also provides insights into strategic, risk management, governance, and financial issues facing public companies in retail products.

ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future prospects, plans, and objectives of management and Constellation’s Board of Directors, the final result of the Company’s 2023 Annual Meeting of Stockholders, anticipated benefits of the agreements with Elliott, steps designed to enhance shareholder value, and the Company’s planned investor day, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such results will in fact occur. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the accuracy of all projections and other factors and uncertainties disclosed from time-to-time in Constellation Brands’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2023 and its Quarterly Report on Form 10-Q for the fiscal quarter ended May 31, 2023, which could cause actual future performance to differ from current expectations.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / amy.martin@cbrands.com Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/3cfaaf69-38c3-435d-a4e3-caa9ca657344

GlobeNewswire Distribution ID 8876596

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“Suthin” received a vote today, more tired than the first round.

Parliament, July 19 – “Suthin” prepares to nominate “Pita” as prime minister. in the second round of voting I admit this time it’s more tiring than the first round. Because you have to fight the issue of re-nomination?

Mr. Suthin Klangsaeng, Pheu Thai Party-list MP, revealed that today’s parliamentary meeting The Pheu Thai Party resolved for him to nominate Mr. Phitha. Lim Chareonrat be prime minister which represents the spirit of the party As for the game, will it turn around or not? have to wait and see due to controversy that Council meeting rules will be able to nominate Mr. Phitha Second round? And there are both parties who see that they cannot propose under Article 41 and those who see that they can repeat the proposal because it is in compliance with the constitution. It is believed that the Speaker of the National Assembly will have the opportunity to listen to various opinions. and finally had to hope that the president will be the judge or let the National Assembly pass a resolution which is considered an important checkpoint If this issue can be passed therefore will enter the process of selecting the Prime Minister’s vote But if you don’t pass this level, it’s the end.

“Confirmed that the 8 parties joining together to form a government continue to hold hands and move forward. But when it comes to a decision must decide together without any other political parties joining The results of this round of votes will come out, however, it will have to be discussed again. At the same time, asking for support is normal. For today, I think it’s more tiring than the 13th of July. Because having to fight in terms of opinions according to Article 41 is considered a mixed issue. The legislative team of the council still has a bipartisan view,” Sutin said.

The part that was noted that if the meeting was allowed to vote There is a high chance that the motion will not pass. It’s hard to predict how it will vote. Therefore, it is considered that the sound is evenly matched.-Thai News Agency

Source: Thai News Agency

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Elections to ensure people decide leadership succession: Mahfud MD

There are indeed political ploys or intrigues in the election process Jakarta (ANTARA) – Coordinating Minister for Political, Legal, and Security AffairsMahfud MDhas said that the general elections are meant to ensure that the succession of leadership in Indonesia is determined by the people.”What is the purpose of the election? It is to implement or ensure leadership ‘circulation’ determined by the people themselves,” he explained here on Tuesday evening. “The country’s direction should be determined by the way of the people, by the people, and for the people and not of the people, by the oligarch, and for the elite,” he emphasized. Elections reflect Indonesia’s democracy, and it is hoped that the upcoming general election in 2024 can proceed peacefully, smoothly, and with integrity, he said. “There are indeed political ploys or intrigues in the election process. It is fine as long as it is not causing division and it does not disrupt our national system,” he added. He stressed that residents should accept whoever wins in the general election and pursue legal means if they are not satisfied with the election results. “If they are discontented, we have the Constitutional Court. But we hope the number of (election-related) lawsuits decided by the Constitutional Court is not too high,” Mahfud said. The minister also expressed the hope that the electoral organizers, such as the General Elections Commission (KPU) and General Election Supervisory Board (Bawaslu), can perform their duty well in 2024. “We hope the KPU can perform their duty well to ensure (election) freedom and smoothness, and Bawaslu supervises the election conduct,” he said. Indonesians will vote for the new president on February 14, 2024. On the same day, they will also cast their votes for House of Representatives (DPR) legislators, Regional Representative Council (DPD) senators, and province-, city-, and district-level legislature members.

Source: Antara News Agency

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LambdaTest partners with testRigor to empower businesses to do end-to-end automation testing on one integrated platform

Using LambdaTest and testRigor’s combined solution, businesses can write and execute tests on one integrated platform

San Francisco , July 18, 2023 (GLOBE NEWSWIRE) — LambdaTest, a unified enterprise test execution platform, today announced a partnership with testRigor, the human emulator-for-testing company. Through this collaboration, development teams will be able to write and execute tests on one integrated platform. Using testRigor, testers will be able to write end-to-end UI tests quickly, and can also create, edit, and update tests of any complexity. With LambdaTest’s integration, development teams can now easily run the created tests across 3000+ combinations of browsers, real devices, and operating systems thereby ensuring enhanced omnichannel digital experience for their customers.

“This will help our customers to get on the new level of convenience and ease of creating automated tests that run on all devices and browsers,” said Artem Golubev, CEO, testRigor.

“We are thrilled to partner with testRigor. Development teams have a hard time switching between various tools to effectively test and debug their applications. With this partnership, developers and testers can have a frictionless experience on one integrated platform that seamlessly does the heavy lifting for them. Teams can now effortlessly write and run tests thereby saving time and ensuring a high-quality digital experience for end users,” said Maneesh Sharma, COO, LambdaTest.

About testRigor

testRigor is the leading human tester emulator company that allows anyone who reads and writes English to create automated test cases using Generative AI with ease before or after engineering is done with writing the code. testRigor provides a scalable and secure way of building test automation for your team:

  1. Eliminate Testing
    With Specification-Driven Development you can now involve your product managers to build executable specifications before the functionality is built by developers eliminating the test automation step from your SDLC.
  2. Empower Manual Testers to Build Test Automation
    Anyone with or without technical skills will be able to build test automation
  3. Spend 200X Less Time on Test Maintenance
    testRigor almost completely eliminated test maintenance because it does not rely on details of implementation. Your end-to-end tests are not stable enough to be run as a gate-check in CD.
  4. AI-Based Test Generation
    Let Generative AI models generate test steps for you increasing the speed of test development. Speed up at least 20X compared to Selenium.

For more information, please visit us at https://testrigor.com/

About LambdaTest

LambdaTest is an AI-powered unified enterprise test execution cloud platform that helps businesses drastically reduce time to market through faster test execution, ensuring quality releases and accelerated digital transformation. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.

● Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.

● HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.

For more information, please visit, https://www.lambdatest.com

LambdaTest press office: press@lambdatest.com

GlobeNewswire Distribution ID 8876293

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Acronis Welcomes Covenant Technology Solutions as New #TeamUp Partner for the Portland Timbers

Covenant Technology Solutions and Acronis will partner with the Portland Timbers to safeguard team data with cutting-edge cyber protection technology while boosting MSP recognition

Acronis TeamsUp with Covenant Technology Solutions and Portland Timbers

Covenant Technology Solutions and Acronis will partner with the Portland Timbers to safeguard team data with cutting-edge cyber protection technology while boosting MSP recognition

PORTLAND, Ore., July 18, 2023 (GLOBE NEWSWIRE) — Acronis, a global leader in cyber protection, and Covenant Technology Solutions, a leading premier Microsoft security and cloud IT solutions firm, are pleased to announce their official partnership with the Portland Timbers, the American professional soccer club. The partnership will enhance the team’s cybersecurity posture by protecting their critical data and systems using Acronis’ advanced technology and cyber protection solutions, while the Portland Timbers will provide Covenant Technology Solutions and Acronis with a range of marketing assets.

As part of the Acronis #TeamUp Program for service providers and through this partnership, Covenant Technology Solutions will be providing the Portland Timbers with Acronis’ cyber protection solutions, including Acronis Cyber Protect Cloud and Acronis Advanced Packs. These solutions will enable the Portland Timbers to manage their IT environment, streamline their operations, and gain deeper insights into their cyber protection and performance.

“We are thrilled to have partnered with Acronis and Covenant Technology Solutions to secure our team’s digital infrastructure,” said Robert Rice, Vice President of IT for the Portland Timbers. “Within this partnership, we have found a winning formula for data protection, ensuring our team can focus on what matters most – delivering exceptional performances on and off the field. Acronis is the true MVP when it comes to safeguarding our valuable information, leaving us free to chase our goals with peace of mind.”

The Portland Timbers will receive a range of IT managed services, including cloud-based storage and replication workflow. The partnership will also equip the MSP with a range of marketing assets, including suite nights, B2B networking events, pregame VIP experiences, in-stadium and online branding, and more. These marketing assets will provide the MSP with a boost in brand recognition, as well as additional opportunities for networking and client bonding.

“From Clive and Bainey, to Willie and Jimmy – Covenant’s passion for the Portland Timbers dates back nearly half a century. That’s why today, the Covenant Technology Solutions team is thrilled to bring its cybersecurity expertise to the Portland Timbers organization,” said Tim Choquette, President & CEO of Covenant Technology Solutions. “We are honored to be an Acronis #TeamUp partner, and are excited to employ our unique cybersecurity skillset to help fortify the Portland Timbers’ IT environment.”

The partnership between Covenant Technology Solutions, the Portland Timbers, and Acronis marks a significant milestone in Acronis’ goal to supply professional sports teams around the world with cutting-edge cyber protection solutions. The Acronis #TeamUp Program provides the MSP with a unique opportunity to showcase its expertise and capabilities to a global audience of sports fans.

“Just like the Portland Timbers bring passion, determination, and innovation to the pitch, Acronis brings cutting-edge solutions to the world of cyber protection. The Timbers’ relentless pursuit of excellence perfectly aligns with Acronis’ commitment to delivering cutting-edge solutions,” said Acronis Vice President and General Manager, Sales, Americas, Pat Hurley. “By leveraging Acronis solutions, the Timbers gain an unbeatable defense against data loss and downtime, allowing them to maintain their competitive edge and focus on achieving greatness. This partnership is a winning match.”

To learn more about the Acronis #TeamUp sports partnership program, please visit: https://www.acronis.com/en-us/lp/msp-sports/

About Covenant Technology Solutions
Covenant Technology Solutions has been helping businesses overcome their technology concerns since 2002. Covenant understands that you have a lot on your plate, which is why we aim to make your life easier by providing comprehensive IT services and solutions. Working with Covenant means you get a dedicated technology partner that ensures your team stays happy and productive by eliminating office disruptions and downtime, secures your information and keeps cybercriminals at bay, works with emerging technologies, and is always looking for the most cost-effective and strategic operational methods to increase work efficiency. Covenant does not shoe horn your business to a specific set of technologies, but works to understand how your business operates and aligns the appropriate technologies that fit your business and the way your employees work.

About Acronis
Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 2,000 employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 18,000 service providers to protect over 750,000 businesses.

Press Contacts:
Julia Carfagno
Julia.Carfagno@acronis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c08fcecc-acb4-495d-97b0-6010f857490e

GlobeNewswire Distribution ID 8875554

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Fortinet NGFWs and FortiGuard AI-Powered Security Services Deliver 318% ROI and Payback in Six Months for the Enterprise Data Center

New FortiGate 3200F and 900G Drive Efficiencies, Improve Security, and Unify Management Across the Entire Hybrid Network

SUNNYVALE, Calif., July 18, 2023 (GLOBE NEWSWIRE) —

John Maddison, CMO and EVP, Product Strategy
“Fortinet is proven in the data center, delivering cutting-edge security and energy-efficient performance to today’s largest enterprise organizations. We believe the new Forrester Total Economic Impact™ study highlights what customers have said for years: The powerful combination of FortiGate NGFWs and FortiGuard AI-Powered Security Services not only strengthens security across the entire enterprise but also delivers incredible return on investment.”

News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced an independent analysis of the cost savings and business benefits of deploying FortiGate Next-Generation firewalls (NGFWs) and FortiGuard AI-Powered Security Services within the enterprise data center, including more than a 300% return on investment (ROI) over three years and payback in six months. Fortinet is also deepening its commitment to data center security with two new NGFW appliances: the FortiGate 3200F, which includes 380 Gbps of firewall throughput and 400GE interfaces to support hyperscale data centers, and the FortiGate 900G, which delivers 20 Gbps of threat protection in a compact form factor for the enterprise.

Key Findings from the Independent Study
To quantify the ROI of FortiGate NGFWs and services within the enterprise data center, Fortinet commissioned a “Forrester Consulting Total Economic Impact™ (TEI) study” to aggregate customer feedback. The results were combined to form a single composite organization, which has an annual revenue of $2.5 billion, more than 15,000 employees, and at least three data centers. The study found that the composite organization realized improved performance, increased productivity, and cost savings, as well as the following benefits:

  • 318% ROI and six months payback: Deploying FortiGate data center NGFWs with FortiGuard AI-Powered Security Services resulted in a 318% return on investment over three years, payback in less than six months, and more than $8 million in net benefits.
  • 90% reduction in time spent on manual updates: Because FortiGate NGFWs are simple to deploy and manage, they reduced the time networking teams spent on manual updates and fixes by 90%. This ease of use, combined with powerful automation, also resulted in a 50% reduction in device reimaging and 95% reduction in ancillary device connections.
  • 40% savings compared to previous NGFW solutions: FortiGate solutions converge networking and security, so customers can reduce the number of point products and services needed to protect their data centers, cutting costs by 40%.

New FortiGate NGFWs: Power and Performance for the Data Center
Furthering Fortinet’s commitment to the data center, the company is also announcing new FortiGate NGFWs with energy-efficient performance to protect modern enterprises while meeting sustainability goals. These new NGFWs are fully integrated with FortiGuard AI-Powered Security Services, including advanced intrusion protection, web security technologies like DNS and URL filtering, and content security to stop new and emerging file-based attacks. Two new models are:

  • FortiGate 3200F series is purpose-built for hyperscale data centers, delivering 4x the industry average firewall throughput, 4.7x the industry average SSL Inspection throughput, and 3.5x the industry average IPSec VPN throughput while consuming 72% less energy than competitors. It comes with four 400GE interfaces to seamlessly manage high traffic volume and scale according to business needs.
  • FortiGate 900G series is setting a new industry standard by delivering data center ready performance in a compact form factor. It boasts 6x the firewall throughput, 5x the IPSec VPN throughput, and 3x the threat protection throughput (20 Gbps) than the industry average, ensuring efficient and secure operations.

Below is a summary of target performance numbers of the FortiGate 3200F and 900G series compiled by Fortinet. Security Compute Rating is a benchmark (performance multiplier) that helps customers understand FortiGate performance.

FortiGate 3200F series

Specification FortiGate 3201F Security Compute
Rating		 Industry Average
Firewall 387 Gbps 4X 98.5 Gbps
IPSec VPN 105 Gbps 3.5X 30 Gbps
Threat Protection 45 Gbps 1.6X 27.5 Gbps
SSL Inspection 29 Gbps 4.7X 6.2 Gbps
Concurrent Sessions 70M 3X 22.5M
Connections per Second 800K 1.4X 565K
Specification FortiGate 3201F Energy Efficiency Industry Average
Watts/Gbps Firewall Throughput 2.25 3.6X 8W
Watts/Gbps IPsec VPN Throughput 8.29 4.6X 38.5W
BTU/h of Firewall Throughput 7.6 BTU 2X 15.7 BTU


FortiGate 900G series

Specification FortiGate 901G Security Compute
Rating		 Industry Average
Firewall 164 Gbps 6X 27 Gbps
IPSec VPN 55 Gbps 5X 11 Gbps
Threat Protection 20 Gbps 3X 6.5 Gbps
SSL Inspection 16.7 Gbps 2.5X 6.7 Gbps
Concurrent Sessions 16M 3.6X 3M
Connections per Second 720K 4.5X 173K
Specification FortiGate 901G Energy Efficiency Industry Average
Watts/Gbps Firewall Throughput 1.6W 6.6X 10.6W
Watts/Gbps IPsec VPN Throughput 4.8W 5.2X 25.1W
BTU/h of Firewall Throughput 5.25 BTU 6.4X 33.9 BTU
  • FortiGate 3200F and 900G Threat Protection performance is measured with Firewall, IPS, Application Control and Malware Protection, and Logging enabled.

Continued Recognition and Support for Hybrid Mesh Firewall Architecture
Fortinet and FortiGate NGFWs have been recognized by a number of third-parties and analysts, including positioning as a Leader in the 2022 Gartner® Magic Quadrant™ for Network Firewalls, as a Leader in the 2022 The Forrester Wave™: Enterprise Firewalls report, and with a “Recommended” rating from CyberRatings.org.

We believe these third-party recognitions are a result of Fortinet’s unique approach that converges networking and security. FortiGate NGFWs use a single operating system, FortiOS, and unified management console, FortiManager, to extend AI-powered security across all NGFWs within a hybrid environment, including on-premises, in the cloud, and within virtual machines. This makes FortiGate NGFWs an ideal fit for a hybrid mesh firewall architecture, which coordinates policies across firewalls to create a comprehensive security posture. FortiGate NGFWs are also easy to procure and deploy as part of FortiFlex, Fortinet’s usage-based licensing program.

Supporting Quotes
“Fortinet made deploying and managing next-gen firewalls across our on-premises, cloud, and virtual environments simple. With FortiManager, we can view performance, unify policies, and ensure our NGFWs are sharing threat information via a single pane of glass. We’re excited to continue working with Fortinet on our hybrid mesh firewall architecture and the overall security posture of our entire network.” – Joseph Neumann, Deputy Chief Information Security Officer, Digital Realty

Additional Resources

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner, Magic Quadrant for Network Firewalls, Rajpreet Kaur, Adam Hils, Tom Lintemuth, 20 December 2022

About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O
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Media Contact: Investor Contact: Analyst Contact:
Margaret Reeb
Fortinet, Inc.
408-235-7700
pr@fortinet.com		 Peter Salkowski
Fortinet, Inc.
408-331-4595
psalkowski@fortinet.com		 Brian Greenberg
Fortinet, Inc.
408-235-7700
analystrelations@fortinet.com 

GlobeNewswire Distribution ID 8875993
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Thai Union Launches SeaChange® 2030, Committing THB 7.2 Billion (USD 200 Million) to Advance Sustainability Goals

Global Seafood Leader Pledges Entire 2022 Net Profit Toward Meeting Broadest Reaching Commitments in the Industry

BANGKOK, Thailand, July 18, 2023 (GLOBE NEWSWIRE) — World seafood leader Thai Union Group PCL announced today the launch of SeaChange® 2030, the next stage of its sustainability strategy to help reshape the seafood industry with solutions across people and planet that better sustain a future for all. Climate change has become a “code red” for humanity, critical ecosystems are at risk and, according to the Food and Agriculture Organization of the United Nations, 600 million people directly or indirectly rely on the ocean as a source of jobs and food, especially in developing countries.

The time for change is now. That’s why Thai Union is committing the equivalent of its entire 2022 net profit of THB 7.2 billion (USD 200 million) to SeaChange® through 2030 and setting aggressive new goals that will impact the entire seafood value chain on a global scale.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

SeaChange® 2030

SeaChange® 2030 marks a significant expansion of the company’s sustainability strategy, first created in 2016, due to its 11 interconnected goals that will drive global impact for our people and our planet. The commitments, which actively support the delivery of 10 of the United Nations’ Sustainable Development Goals, comprise of:

  • PATH TO NET ZERO EMISSIONS: 42% reduction to Scope 1, 2 and 3 greenhouse gas emissions by 2030 and net zero by 2050
  • RESPONSIBLE WILD CAUGHT SEAFOOD: 100% of wild-caught seafood will be sourced responsibly or from a fishery in an improvement program and with responsible labor practices, extending Thai Union’s scope beyond tuna to other key species they source
  • RESPONSIBLE AQUACULTURE: 100% of Thai Union’s shrimp is produced minimizing ecosystem impact and meets current industry best practices in welfare and working conditions
  • ECOSYSTEM RESTORATION: Thai Union will contribute THB 250 million (more than USD 7 million) toward the protection and restoration of critical ecosystems
  • RESPONSIBLE AGRICULTURE: 100% of soy and palm oil will be certified, ensuring zero deforestation across the supply chain, and 100% of chicken will be responsibly sourced
  • BEST-IN-CLASS MANUFACTURING: Thai Union will implement zero water discharge, zero waste to landfill and zero food loss at its five key global facilities
  • SAFE, DECENT, AND EQUITABLE WORK: Thai Union will continue to ensure a safe, decent, diverse and inclusive workplace for all employees while also expanding its efforts to include:
    • 50% of management positions will be held by women
    • 100% of sourcing vessels will work to prevent illegal, unreported and unregulated (IUU) fishing and modern slavery
    • 100% of farms Thai Union sources from will use best labor practices
  • OCEAN PLASTICS REDUCTION: Thai Union will divert 1,500 tons of ocean-bound plastic from waterways and oceans
  • NUTRITION & HEALTH: 100% of branded ambient products will meet nutritional guidelines and 100% of new ambient products will drive positive nutrition
  • SUSTAINABLE PACKAGING: 100% of branded products will be in sustainable packaging by 2025 and Thai Union will advocate for at least 60% of private label products to be in sustainable packaging
  • CORPORATE CITIZENSHIP: Thai Union will contribute THB 250 million (more than USD 7 million) to give back to the communities in which it operates, in addition to ongoing support during times of crisis

Achieving these goals will help reduce carbon, minimize waste, safeguard and rebuild ecosystems, ensure safe, decent, and equitable work is a reality across the value chain, and advance a healthier world.

Thai Union is collaborating with some of the most impactful players in global sustainability and eco-leadership to launch its next stage strategy as the seafood industry’s leading agent of change, engaging thousands of vessels and farms to meet these goals. These partners include:

Further, the company is aligning its net zero targets with the Science Based Targets initiative (SBTi) and will drive the deployment of new environmental data collection tools to help deliver a net zero economy. Thai Union is the first global seafood company to set goals verified by SBTi, accelerating meaningful progress in the industry.

“The seafood industry needs to do more when it comes to caring for our people, our planet and our oceans,” said Adam Brennan, Chief Sustainability Officer of Thai Union. “The time for aggressive action is now. Through SeaChange®, we aim to drive meaningful improvements across the entire global seafood industry. Commitments this ambitious require the power and collaboration of communities, governments, and organizations that can help make long overdue structural changes a reality. Together with our partners, we’re asking the wider industry and our peers to join this effort.”

Thai Union launched SeaChange® in 2016. Through this work, the company has been ranked No. 1 on the Dow Jones Sustainability Indices (DJSI) and has been listed for nine consecutive years. The company also currently ranks No. 1 on the Seafood Stewardship Index.

“At Thai Union, we view SeaChange® as our license to operate,” said Thiraphong Chansiri, President & CEO of Thai Union. “We believe it is important to treat the resources we rely upon responsibly, so we can nourish people and provide work in communities all over the globe for generations to come. Our vision is to be the world’s most trusted seafood leader and SeaChange® 2030 helps us get there. The changes we will achieve through this strategy are crucial – not just for Thai Union, but for the good of us all.”

For more information about SeaChange® 2030, visit seachangesustainability.org.

About Thai Union
Thai Union Group PCL is the world’s seafood leader, bringing high quality, healthy, tasty and innovative seafood products to customers across the world for 46 years.

Today, Thai Union is regarded as one of the world’s leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 155.6 billion (US$ 4.4 billion) and a global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.

The company’s global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, Hawesta, and Rügen Fisch, Thai-leading brands SEALECT, Fisho, Qfresh, Monori, OMG Meat, Bellotta and Marvo, and ingredient and supplement brands UniQ®BONE, UniQ®DHA and ZEAvita.

As a company committed to “Healthy Living, Healthy Oceans,” Thai Union is proud to be a member of the United Nations Global Compact, a founding participating company of the International Seafood Sustainability Foundation (ISSF), and current Chair of Seafood Business for Ocean Stewardship (SeaBOS). Thai Union’s ongoing work through its SeaChange® sustainability strategy was recognized when the company was listed on the Dow Jones Sustainability Indices (DJSI) for the ninth consecutive year in 2022. The company was ranked number one on the Food Products Industry Index of the DJSI, a position it previously held in 2018 and 2019. Thai Union was also named to the FTSE4Good Emerging Index for the sixth straight year in 2021. Find out more about the Group’s sustainability at seachangesustainability.org.

Media Contacts:
North America: Melody Palatucci
mpalatucci@hunterpr.com
+1-212-679-6600

Europe & Africa: Markus Reber
markus.reber@thaiunion.com
+44 7779559551

Asia: Wiriyaporn Posayanonda (Pam)
Wiriyaporn.Posayanonda@thaiunion.com
+66(0) 99-154-1254

GlobeNewswire Distribution ID 8875948

Posted on

Energy, Gabetti Lab and Edison announce the entry into operation of the first three condominium energy communities

Energy, Gabetti Lab and Edison announce the entry into operation of the first three condominium energy communities

Gabetti Lab and Edison Energia announce the entry into operation of the first three consortium energy communities in Bergamo, San Lazzaro di Savena (BO) and Dalmine (BG).

MILAN, Italy, July 18, 2023 (GLOBE NEWSWIRE) — Gabetti Lab and Edison Energia announce the entry into operation of the first three consortium energy communities in Bergamo, San Lazzaro di Savena (BO) and Dalmine (BG). The agreement, started in 2021, envisages an ambitious plan to develop condominium energy communities in Italy.

To date, the two partners have more than 40 agreements in place for more than 2 MW of photovoltaic capacity in Veneto, Emilia Romagna, Lombardy, Calabria and Piedmont. Edison Energia recently announced its goal of creating 2,200 condominium energy communities for more than 120 MW of total photovoltaic capacity by 2030. The success of the partnership is demonstrated by the size of the existing portfolio, which is greater than the installed capacity at the end of 2022 of all the energy communities in Italy.

The first three condominium energy communities that came into operation, managed by administration offices affiliated to Gabetti Lab, are located in Bergamo, San Lazzaro di Savena (BO) and Dalmine (BG), and involve 58 households for a total of 123 kW. The condominium in Bergamo will be able to produce 52 MWh of renewable energy per year, the condominium in Dalmine 46 MWh, and the condominium in San Lazzaro di Savena 32 MWh. The three condominium energy communities will save more than 50 tonnes of CO2 per year.

“For the achievement of the challenging goals that we have set ourselves in the condominium energy communities development plan from now to 2030, it is essential to have a reliable partner like Gabetti Lab – says Massimo Quaglini, Managing Director of Edison Energia. Today we are happy to announce the commissioning of the first three condominium energy communities and to confirm our full confidence in our partner. For Edison Energia, condominium energy communities represent the perfect synthesis of an all-round sustainable project, through renewable production, focusing on saving families money and encouraging a more conscious and virtuous use of energy”.

“We have always supported the importance of energy requalification of the Italian residential building stock and the use of alternative energy sources. This innovative project was made possible thanks to the Network, our way of working ‘together’ allowed us to manage it in the best possible way. Communities have great potential,” explains Alessandro De Biasio, managing director of Gabetti Lab.

Condominium energy communities are associations between producers and consumers. Condominiums thus become prosumers, i.e. producers and at the same time consumers of the energy they produce through photovoltaic panels installed on the roof of the building. Condominium energy communities can make a concrete contribution to the ecological transition of our country by acting on two levers: on the one hand, through the installation of new renewable systems for self-consumption by households, and on the other hand, by inducing a more conscious use of resources by the households themselves, who produce the energy for their own needs. They also bring important economic benefits, an all-round sustainability. Edison Energia is the only energy operator that offers the market a service at “zero cost” for the community: it takes charge of the investment, installation and maintenance of photovoltaic systems on the condominium roof, recognising an economic benefit to the energy community.

The economic benefit that Edison Energia recognises to each member of the energy community is quantifiable, on average, in the savings of 2-3 monthly electricity bills each year for 20 years. If the members of the community subscribe to Edison Energia’s electricity and gas offer and follow virtuous self-consumption behaviour, the savings can further increase to double, thus halving the average annual electricity bill of a residential user. The economic benefit for each member of the community is greatest if the householder consumes at the time the photovoltaic system produces. This induces the householder to change his or her behaviour, shifting consumption from afternoon/evening to daytime hours, and favouring electrification of consumption by choosing electric appliances (induction hobs, electric boilers and heat pumps) over gas appliances.

Operating mechanisms
The condominium energy community involves the installation of a photovoltaic system on the roof of the condominium to produce green energy. The system occupies the space proportional to the thousandths of the condominium owners who decide to join the community. Once in operation, all the renewable energy produced is sold to the national electricity grid and this represents the community’s first source of revenue. The second comes from virtual self-consumption, which consists of consumption at the time the plant is producing. Edison Energia, which bears all the costs, retains a percentage of the two sources of revenue, with the condominium energy community receiving the remainder divided among its members on the basis of their own self-consumption.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cdf2aa11-6c21-425c-b32e-621b65e3b0a7

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire Distribution ID 8876131

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