Piper says Masimo investors should pay attention to GE monitoring offerings » 09:2306/2306/23/22
Piper Sandler analyst…
Piper Sandler analyst Jason Bednar noted that GE Healthcare (GE) recently announced the introduction of Portrait Mobile, a wearable, wireless, continuous monitoring solution targeted at the general ward of hospitals that includes the capability for the data to be networked to a central viewing station of a hospital. For Masimo (MASI) investors, he said "this sounds a lot like the company's Patient SafetyNet solution," which is not individually a huge part of revenue. However, the competitive implication bears monitoring if GEHC were to creep increasingly into Masimo's end markets by leveraging its existing hospital relationships, said Bednar, who advises Masimo investors pay attention to further developments of Portrait Mobile and other offerings from GEHC in this area. Bednar keeps a Neutral rating and $130 price target on Masimo shares.
GE Healthcare introduces wireless patient monitoring solution » 09:2306/2306/23/22
With most hospitals…
With most hospitals around the world currently relying on manual "spot-checks" to monitor patient vitals, GE Healthcare has unveiled Portrait Mobile, a wireless patient monitoring system that enables continuous monitoring throughout a patient's stay. The system helps clinicians detect patient deterioration. Early detection of patient deterioration may help reduce length of stay and intensive care unit admissions - and improve patient outcomes. Portrait Mobile includes patient-worn wireless sensors which communicate with a mobile monitor. With Portrait Mobile, respiration rate, oxygen saturation and pulse rate for general ward and post-surgery patients can be captured wirelessly, continuously. This innovation allows caregivers to identify changes that may signal that cardiorespiratory complications or infectious disease may be developing. It gives clinicians the opportunity to act early and potentially avert serious adverse events. For patients, Portrait Mobile's wireless continuous monitoring helps with the ability to move about the hospital, without being restricted to the bedside. This also allows visitors to interact with the patient without technology getting in the way. Moreover, the solution provides patients and family members peace of mind knowing that monitoring is constant - even when the patient is out of their room.
General Electric participates in a conference call with Barclays » 10:0206/2106/21/22
Conference call to be…
Conference call to be held on June 21 at 10 am hosted by Barclays. Webcast Link
Janus International Group appoints Anselm Wong as CFO, effective July 1 » 07:0706/2106/21/22
Janus International Group, Inc. (JBI) announced the appointment of Anselm Wong as Executive Vice President and CFO, effective July 1. He will report directly to CEO Ramey Jackson. Wong will bring his 25 years of experience in finance leadership and strategy roles to oversee Janus's finance organization, including financial planning and analysis, accounting and reporting, internal audit, corporate development, and investor relations. Mr. Wong has a proven track record for driving financial performance and positioning technologically advanced market leaders for long-term growth. He joins Janus from General Electric (GE), where he served as CFO of GE Digital, contributing his strong experience across financial control and reporting, corporate strategy, and business transformation.
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GE Profile announces availability of washer with Alexa built in » 12:2206/1506/15/22
GE Profile (GE) announced…
GE Profile (GE) announced the availability of its Top Load 900 series, the first-ever washer with Alexa (AMZN) built in and latest addition to the series announced earlier this year as part of the new GE Profile laundry portfolio. GE Profile's decision to integrate Alexa into its latest laundry machines stemmed from consumer demand for a more personalized and smarter experience. As the first-ever washer with a built-in Alexa, owners can dance to their favorite song, check the weather, set their clean cycles to specific care instructions or stain removals, and more, the company said. "This product gives our owners a more personalized laundry experience by making the machine more intuitive to the needs of the household and those who live there," said executive director of clothes care at GE Appliances, Michael Mattingly. "You no longer have to know what setting washes grass stains or how to care for silk... just ask Alexa and the washer and dryer will do the rest."
Orillia Soldiers' Memorial Hospital implements GE Healthcare's Encompass system » 08:3106/0806/08/22
Orillia Soldiers' Memorial Hospital is implementing the first GE Healthcare Real Time Location System in Canada. Called Encompass, the equipment tracking system uses web-based and cloud-deployed technology to enable OSMH staff to locate and access the equipment they need. Healthcare assets are tagged with a Bluetooth Low Energy tracking beacon. Easier, faster access to equipment has the combined effect of improving patient experience and lowering equipment-related stresses for clinicians.
Sophia Genetics provides update on DEEP-Lung-IV study at ASCO 2022 » 11:1506/0606/06/22
SOPHiA GENETICS (SOPH)…
SOPHiA GENETICS (SOPH) provided an update on its multimodal DEEP-Lung-IV clinical study -- NCT04994795 -- at the 2022 American Society of Clinical Oncology Annual Meeting. To date, 19 sites across seven countries have signed up for participation in the study, including Roswell Park Comprehensive Cancer Center in New York. Early findings are promising and conceptually validate the potential for multimodal signatures to predict response to immuno-chemotherapy at the individual patient level, the company said, adding that first results will be discussed during SOPHiA GENETICS' joint Innovation Symposium with GE Healthcare on Monday, June 6, at 6:30 pm CDT. SOPHiA GENETICS has also entered into an agreement with GE Healthcare (GE) to utilize their Imaging Fabric Core and Imaging Fabric Annotation Template, as part of the Edison Digital Health Platform. In the context of the DEEP-Lung-IV clinical study, Imaging Fabric services will be used to visualize, segment, and annotate lung lesions for medical imaging visualization and annotation purposes. This allows SOPHiA GENETICS to further accelerate proprietary radiomics analytics workflows in the context of the study, in particular to move towards automatic whole-body tumor identification, segmentation, and quantification, the company said.
Timken providing bearings for GE's Haliade-X » 07:0606/0606/06/22
The Timken Company (TKR)…
The Timken Company (TKR) announced that it is designing and supplying main shaft bearings for GE Renewable Energy's (GE) Haliade-X, an offshore wind turbine. Each Haliade-X turbine will have a capacity of up to 14 MW and be able to generate up to 74 GWh of clean energy a year. Initial Haliade-X installations are scheduled to begin in 2023.
CFOs send letter to Treasury Secretary on foreign tax credit rules, WSJ reports » 06:3106/0606/06/22
KO, GE, DIS, VZ, PEP, CSCO, HPQ, IBM, YUM, JNJ
In a letter to Treasury…
In a letter to Treasury Secretary Janet Yellen dated June 3, the Chief Financial Officers, CFOs, from companies including Coca-Cola (KO), General Electric (GE), Walt Disney (DIS), and Verizon (VZ) said the new foreign tax credit rules have created a competitive disadvantage, Jennifer Williams-Alvarez of The Wall Street Journal reports. The new foreign tax credit rules restrict when U.S. companies can claim tax credits for payments made to foreign countries and will also reportedly double taxation, the CFOs wrote, according to the Journal. The new rules went into effect March of this year and the CFOs have begun to detail how these rules are impacting their first quarter earnings. In the letter, the CFOs said they have "serious concerns" about the regulations and claim these new rules are a "radical departure" from established law, the letter said, according to the Journal. PepsiCo (PEP), Cisco Systems (CSCO), HP (HPQ), International Business Machines (IBM), Yum! Brands (YUM), and Johnson & Johnson (JNJ) were also among the letter's 28 signatories. Reference Link
Chinese OEM competition a long-term risk for GE Renewables, says Jefferies » 09:0106/0206/02/22
Jefferies analyst Saree…
Jefferies analyst Saree Boroditsky said the firm's European team hosted a recent renewables conference that highlighted how Chinese OEMs continue to gain market share in the global wind turbine market and Boroditsky continues to see the global expansion of Chinese wind turbine OEMs as a risk to GE's target for Renewables to breakeven by 2024. The analyst, who sees long-term risk to the profitability goals of GE Renewables given the view that Chinese OEMs with a lower cost base may sacrifice margins for market share, has a Hold rating and $80 price target on General Electric shares.