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Santo continued, “Operationally, last year we signed six new brand partnerships, launched over 100 new brand partner SKUs, and won multiple awards for outstanding products, including our recent edibles wins at NECANN last week for a newly launched chocolate we produce for our partner CODA and for our own house brand millionaire shortbread. We did maintain positive adjusted EBITDA and produced positive cash flow from operations for the year, and we are committed to upholding both these trends in 2023.” Our financial results were not immune to these patterns. “Our sector faced headwinds from the overall economic environment and, to a greater extent, the sector itself adapting to cannabis as a commodity more rapidly than expected. “2022 was a pivotal year for TILT and the cannabis industry at large,” said Chief Executive Officer Gary Santo. generally accepted accounting principles (“U.S. dollars and prepared in accordance with U.S. All financial information is reported in U.S. (“TILT" or the “Company”) (NEO:TILT) (OTCQX: TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, is reporting its financial and operating results for the three and twelve months ended December 31, 2022. PHOENIX, Ma(GLOBE NEWSWIRE) - TILT Holdings Inc. Recently completed refinancing of legacy debt, reducing principal debt outstanding by nearly half. FY 2022 cash from operations up significantly to $8.6 million, compared to cash used of $8.6 million in FY 2021. Hipparchus made his discovery around 130 BCE, based on comparisons of astronomical observations more than a century apart.- Q4 revenue up 9% quarter over quarter to $44.3 million. Greek astronomer Hipparchus of Nicea is historically credited as the man who first proposed that Earths axis gradually shifts, though very slowly. It outlines the shape of a pair of cones or two spinning tops connected at the tips, which would be at the center of Earth. A complete wobble of Earth's axis takes around 26,000 years. Acts Like Two Spinning TopsĪxial precession can be described as a slow gyration of Earth's axis about another line intersecting it. It is caused by the gravitational force from the Sun, the Moon, and other planets. This wobble motion is called axial precession, also known as precession of the equinoxes. The reason for this changing obliquity angle is that Earth's axis also wobbles around itself. The Arctic and Antarctic circles today are 1,2 m (4 ft) closer to the poles, and the Tropic of Cancer and Tropic of Capricorn are equally closer to the equator than 30 days ago.Įarth: The living planet The Tilt ChangesĮarth's axial tilt actually oscillates between 22.1 and 24.5 degrees. at noon, Earth's axial tilt, or mean obliquity was 23,43626° or 23☂6'10.5".Įarth's mean obliquity today is about 0,00001°, or 0.04", less than 30 days ago. We say 'at the moment' because the obliquity changes over time, although very, very slowly. This slant is the axial tilt, also called obliquity.Įarth's obliquity angle is measured from the imaginary line that runs perpendicular to another imaginary line Earth's ecliptic plane or orbital plane (see illustration).Īt the moment, Earth's obliquity is about 23.4 degrees and decreasing. The impact around 4.5 billion years ago is described in the Giant Impact Hypothesis, which is the current prevailing theory on how the Moon was formed and how Earth got its tilt.Įver since this impact, Earth has been orbiting the Sun at a slant. In our illustrations, Earth's axis is drawn as a straight red line. In astronomy, an axis refers to the imaginary line that an object, usually a planet, rotates around.Įarth's rotational axis is an imaginary straight line that runs through the North and South Pole. Business Date to Date (exclude holidays). It's more common for independent and smaller scale studios to crowdfund PC games, given the typical scale of developing games for current-gen consoles, and Gollop is ever-grateful to Snapshot's sister studio, Saber Interactive in Minsk. Like Chaos Reborn before it, Phoenix Point was also crowdfunded prior to development, which meant much of its initial player-base was PC players. So, yes, we quite shamelessly copied them on that or at least tried to match the quality of what they did there." Point of praise "You also always need an overview of the battlefield working, so there's a lot of inspiration there from the way they approached building things and presentation, the way some of the interface works, the fact you can see quite clearly where a character can move within a turn and things like that. The camera views and camera shots have these sort-of behind-the-shoulder views, so you need to make sure that graphically you can support that level of detail while still retaining this overall top-down view clarity that you get as a typical strategy game." Obviously, it has a fully 3D interactive environment with detailed models. We looked at some of the UI and presentation things they did and tried to match it, at least in terms of the way it works or in terms of the visual fidelity. "In terms of being inspired by Firaxis and what they're doing with XCOM. It's great to have got the porting done, it will reach a wider audience there, and it's also great that it's on Game Pass, of course, because anybody subscribed will be able to get the best version of the game including all of its DLC. "Even given the fact that it's a pretty hardcore sort of strategy game, it still works on console. "I've always wanted the game to reach as wide an audience as possible," says Gollop. Granted the success of Chaos Reborn meant Snapshot was always likely to continue making turn-based strategy games, but it was the tangential success of the newly evolved X-COM series, now rebranded as simply XCOM, which guided Gollop and his studio's next move. It follows on from the developer's 2015 turn-based tactical role-playing game Chaos Reborn, and, by Gollop's own admission, wouldn't exist if not for Firaxis' slant on X-COM. Phoenix Point, for the uninitiated, is the latest venture from Snapshot Games – the studio Gollop co-founded in 2013 – which launched in 2019 on PC, and has just arrived on PS4 and Xbox One with future launches (free upgrades if you opt for last-gen now) on PS5 and Xbox Series X planned. Look out for some news on that in the near future." Julian Gollop, Snapshot Games "I can't say too much about what's next, but we do have another DLC in the works, which we haven't announced yet but I can assure you, it is all designed and is in production. Former vice president of global sales Zvi Lando, was appointed as CEO. In 2019 SolarEdge announced the acquisition of Gamatronic, a UPS manufacturer, and established its Critical Power divisionįollowing a battle with cancer, founder Guy Sella died in 2019. In January 2019 SolarEdge announced the acquisition of a majority stake in SMRE – an Italian EV powertrain manufacturer. In October 2018, SolarEdge announced agreements to acquire a major stake in Kokam, a South Korean provider of Lithium-ion battery cells, batteries and energy storage solutions. Over time, Tesla phased out its partnership with SolarEdge, with Tesla adding an inverter to its Powerwall 2 that was introduced in October 2016, and introducing its own solar inverter in January 2021 The SolarEdge inverter manages both the conversion of energy from solar panels along with charging and discharging of the Powerwall. In May 2015, SolarEdge partnered with Tesla Energy to develop an inverter that could charge the Tesla Powerwall home energy storage battery that was unveiled in April 2015. The shares began trading on the NASDAQ Global Select Market under the ticker symbol “SEDG.” Goldman Sachs and Deutsche Bank acted as joint book-running managers for the offering. In March 2015, SolarEdge had an initial public offering of 7,000,000 shares of its common stock at a price to the public of $18.00 per share, raising $126 million. The company started mass production of its products by contract manufacturer Flex at the end of 2009. The company was backed by venture capital from GE Energy Financial Services, Norwest Venture Partners, Lightspeed Venture Partners, ORR Partners, Genesis Partners, Walden International, Vertex Ventures Israel, JP Asia Capital and Opus Capital Ventures. SolarEdge was established in 2006 by Guy Sella, Lior Handelsman, Yoav Galin, Meir Adest and Amir Fishelov. The company was the first to successfully commercialize power optimizers, a device that offers module-level maximum power point tracking (MPPT), before feeding back the electricity generated into a central inverter. Established in 2006, the company also has offices in Germany, Italy, Japan, and United States. SolarEdge is an Israeli company that develops and sells solar inverters for photovoltaic arrays, energy generation monitoring software, battery energy storage products, as well as other related products and services to residential, commercial and industrial customers. Firefighters can also spray water on a SolarEdge optimised system because when the system is shut down the DC voltage is safe due to the optimisers isolating each panel from the next.Financials as of December 31, 2021. SolarEdge has arc fault detection, another feature unique to SolarEdge. The optimisers have a 25 year warranty and SolarEdge cover some of the costs of replacement too. The inverter has a 12 year warranty, 2 years longer than any other in the industry. The username is and the password is nakedsolar2 Great warranty Great MonitoringĬheck our live example to see how easy it is to use the SolarEdge monitoring portal. Not with SolarEdge, you can mix and match panels giving you freedom to choose. If you have a panel failure it can be difficult to source a suitable replacement as panel technology moves on. Instead of a full scaffold and 2 man team for a day, thanks to SolarEdge’s capability to pinpoint some faults it’s usually 1 man with an access tower for 1 hour. Many faults can be pinpointed by the SolarEdge system meaning investigation time is greatly reduced. SolarEdge has the capability to identify faults and will then send an automated email to Naked Solar so we can quickly arrange rectification, less down time, more energy generation. |