In a report conducted by research firm Technavio, it is forecasted that the Chinese electric vehicle (EV) charging station market will grow at a Compound Annual Growth Rate (CAGR) of 86% from 2010 to 2014.
According to Technavio, the EV Charging Station market reached $321 million in 2010 and is expected to grow to $1.2 billion in 2011 due to the huge investment being made to develop the infrastructure required by electric vehicles.
Johnson Controls (Milwaukee, Wis.), a company delivering energy efficiency in buildings, has completed the previously announced acquisition of EnergyConnect Group, Inc., a provider of smart grid demand response services and technologies. The acquisition was completed on July, 1, 2011.
According to a Johnson Controls spokesperson, the acquisition of EnergyConnect was report at $32.3 million dollars.
According to a report by Pike Research, a market research and consulting firm, energy markets in the Asia Pacific region are experiencing a period of significant growth and development, with a forecasted smart grid market growth of $16.9 billion in the next six years.
NASA last Friday announced an experiment titled “Advanced Diagnositic Ultrasound in Microgravity,” which involves crewmembers onboard a space shuttle conducting ultrasound exams on one another as they are instructed from a radiologist on the ground.
According to the announcement, “Crews traveling beyond Low Earth Orbit (LEO) need the telemedicine strategies this experiment investigates, should injury or illness occur in space. There are also widespread Earth applications for emergencies and rural care situations.”
Vodafone (London, England), a mobile operator, could receive an annual dividend of $5.5 billion from its stake in Verizon Wireless (New York, N.Y.), its finance officer said.
A spokesman said Andy Halford, Vodafone's chief financial officer, had told reporters in New Delhi on Wednesday that the $5.5 billion figure stemmed from an assumption that Verizon Wireless had an annual free cash flow of $10 billion to $12 billion.
Technology company, Samsung (Seoul, South Korea) asked the U.S. International Trade Commission to ban the importation of Apple's (Cupertino, CA) iPhones, iPads and iPods, following its dispute with Apple.
The filing, dated Tuesday, says Apple's iPhone, iPod digital music player and iPad tablet infringe on five of Samsung's patents involving telecommunications standards and user interface inventions.
LightSquared (Reston, Va.), a wholesale-only integrated 4G-LTE wireless broadband and satellite network, announced on Tuesday that it has raised $265 million in additional financing. The capital was drawn from both existing investors as well as new investors in the company.
According to LightSquared, the additional financing will be used for general corporate purposes, which includes constructing its 4G-LTE wholesale network. Over the last 12 months LightSquared has raised over $2.3 billion.
Philip Falcone’s Harbinger Capital has already put $3.1 billion into the company.
Spain kicked off its first-ever auction of mobile telecoms licenses on Wednesday in an internet contest the government hopes will generate at least $2.05 billion.
Eleven service operators applied and were granted the right to enter the auction, which is crucial in distributing enough mobile frequencies to allow operators to meet future customer demand for data use on smartphones and tablets.
Microsoft Corp (Redmond, Wash.) made its biggest move into the mobile, Internet-accessible world of "cloud" computing on Tuesday, introducing a revamped online version of its hugely profitable Office software suite.
Microsoft is putting its applications -- including Outlook email, Excel spreadsheets and SharePoint collaboration tools -- into an online format so that customers can use them on a variety of devices from wherever they can get an Internet connection.
Handset manufacturer, Nokia (Espoo, Finland) and Siemens AG (Munich, Germany), an engineering company, failed to secure a deal from investors for a controlling stake in their joint venture, Nokia Siemens Networks, The Wall Street Journal reported on Sunday.
On Monday Nokia claimed there were "multiple options" for its joint venture with Siemens AG, despite reports that talks to sell a controlling stake in the venture had failed.