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Elbit Systems Awarded $350 Million Contract to Supply an Array of Land Systems to an International Customer

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Elbit Systems Ltd. (NASDAQ: ESLT) and (TASE: ESLT) (“Elbit Systems”) announced today that it was awarded a contract valued at approximately $350 million to supply an array of land systems to an international customer. The contract will be fulfilled over a three-year period.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: “This contract award attests to the competitive advantage of our diverse portfolio of land systems. We are witnessing a growing demand in this field as Armed Forces increasingly seek to adopt sophisticated networked capabilities that enhance mission effectiveness and reduce collateral damage, while also improving economic efficiency”.

Artificial Intelligence

Latest Trend Study: Innovative Technologies are changing SAP© Application Management

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Companies expect cost savings of up to 30 percent through AI
–  Increasing complexity of the IT landscape makes seamless integration and communication between SAP and non-SAP applications a central concern for respondents.
–  Cloud is the trend: Over 70 percent of the surveyed companies opt for the latest version of SAP S/4HANA, preferably in the cloud.
–  High demands on SAP partners: Competencies in the security of SAP systems and smooth operation are among the must-have criteria at 77 percent.
BIELEFELD, Germany, July 2, 2024 /PRNewswire/ — To better understand the current status quo and future developments in SAP operations, the analyst firm PAC, commissioned by the global IT service provider NTT DATA Business Solutions, surveyed 200 SAP and IT managers in Europe and the USA. The results of the study “SAP Application Management in Europe and the USA”, conducted between January and March 2024, highlight the impacts and opportunities presented by innovative technologies. It provides insights into how companies manage their software applications and what challenges they face using SAP S/4HANA and developments in the areas of Cloud, Artificial Intelligence (AI) and other innovative topics.

Innovative technologies such as Cloud Computing, Automation and AI are transforming SAP Application Management (AM) by providing new possibilities for efficiency and performance optimization. Simultaneously, the complexity of the evolving IT landscape is increasing, leading to new expectations for IT service providers: They must be knowledgeable about the latest technologies but also able to integrate and manage them effectively. The SAP Business Technology Platform (BTP) will play a crucial role as the technological foundation, creating a central platform for implementing various technologies and systems.
New technologies open new opportunities
In the international sample, most respondents (>70%) indicated they chose the latest version of SAP S/4HANA, with the majority preferring a Cloud version. The decision for the public Cloud is accompanied by a choice of RISE with SAP for 67 percent. The use of SAP software outside Enterprise Resource Planning (ERP) is particularly strong in Customer Relationship Management and Customer Experience (CRM/CX), Human Capital Management (HCM) and Supplier Relationship Management and Procurement (SRM). With a share of 72 percent, Software as a Service (SaaS) models are mainly used to support individual business processes, such as SAP SuccessFactors for optimal management of all aspects of the employee lifecycle in Human Capital Management (HCM).
In addition to SAP systems, many organizations use other software products from other leading platform providers like Microsoft (35%), Salesforce (30%) and Adobe (26%). However, the variety of business applications companies use alongside the core SAP system presents new challenges. “Seamless integration and communication between SAP and non-SAP applications are essential for operating both systems in parallel long-term,” explains Ulrich Kreitz, Executive Manager at NTT DATA Business Solutions Germany and Head of Managed Services. “This often requires special interfaces, data integration strategies and tools, as well as solutions for managing user identities and access rights. Complex orchestration solutions must be implemented to monitor and control the performance, availability and security of on-premise and Cloud-based resources.”
Strong SAP partners are crucial for SAP system integration
Collaboration with external partners, particularly in SAP consulting and system integration, plays a crucial role for many companies as system complexity increases, especially when it comes to cloud solutions. The respondents set high demands for an SAP partner: expertise in SAP system security and smooth operations are must-have criteria for 77 percent.
IT partners such as NTT DATA Business Solutions offer expertise and support companies in the implementation, management and optimization of SAP systems in the cloud. “We know the best practices, tools and methods that support, automate and accelerate Cloud migration. Additionally, we offer our own frameworks that can partially or fully automate tasks such as system monitoring, troubleshooting or patch management,” adds Ulrich Kreitz. “The IT market is experiencing increasingly shorter innovation cycles. Soon, AI will take a firm place in SAP’s products and the entire portfolio. SAP users expect their partners to act proactively and inform them about the benefits, opportunities and risks of new technologies, going far beyond ensuring smooth, secure operations.”
Focus on Automation and AI
Respondents see significant potential in automated processes in SAP AM. The study found that the degree of automation is highest in the areas of Service Desk (31%), Security (37%) and Testing (46%). Automation not only increases efficiency but also reduces error susceptibility and identifies potential threats more quickly. Manufacturing companies particularly benefit from this, as operational interruptions are minimized and production continuity is ensured.
The majority of respondents expect further efficiency gains and cost savings of up to 30 percent from integrating AI into AM, especially in Monitoring (71%), Documentation (79%) and System Administration (76%). The results show that SAP BTP will form the technological foundation for all SAP cloud products in the near future, as well as for all functional extensions and innovations of SAP S/4HANA. It provides the ability to complement, extend and integrate solutions from SAP or SAP partners using the same data model. These help to develop innovations faster with traditional tools, no-code/low-code solutions, preconfigured analysis models and self-service analytics. As companies increasingly switch to the Cloud-based S/4HANA edition, the demand for SAP BTP also rises, as custom extensions need to be developed and integrated.
How complex digital transformation is for companies and what challenges it presents were highlighted by NTT DATA Business Solutions together with their subsidiary Natuvion GmbH in the recently released Transformation Study 2024: 1,200 CEOs, CIOs and IT decision-makers from 15 countries shared their experiences with and requirements for the transformation process.
About NTT DATA Business Solutions
NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 15,300 dedicated employees in over 30 countries work passionately every day to make it happen.
NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group.  
Press Contact NTT DATA Business Solutions
Jasmin StraeterHead of Global CommunicationsNTT DATA Business Solutions AGKönigsbreede 1, 33605 Bielefeld, GermanyPhone: +49 521 9 14 48 108Email: [email protected] 
 

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Turbo VPN Expands its Server Network to 111 Locations, Significantly Boosting Cybersecurity

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SINGAPORE, July 2, 2024 /PRNewswire/ — Turbo VPN, provider of the world’s fastest and most secure VPN connections, today announced a substantial expansion of its server network. Its number of available server locations has surged from over 50 to 111, marking a substantial growth in the company’s ability to deliver the powerful online protection it’s become known for.

This expansion won’t come a day too early. The 2023 Cybersecurity Ventures Cybercrime Report revealed that global cybercrime damages are expected to reach USD 8 trillion annually. By 2025, this figure is predicted to soar to USD 10.5 trillion, with global cybersecurity spending exceeding USD 1.75 trillion.
Turbo VPN is addressing these alarming statistics by providing users with improved protection through an expanded network. The increased number of server locations not only offers more options for changing IP addresses but also ensures faster, more reliable connections regardless of a user’s location. This development is particularly beneficial for individuals seeking to secure their online activities and access geo-blocked content without compromising speed or reliability.
In conjunction with its server expansion, Turbo VPN has introduced a new feature on its official website: ‘What is my IP address?’ This completely free tool allows users to easily check their IP addresses and understand any potential vulnerabilities. By making the feature freely available, Turbo VPN aims to widen the use of secure browsing practices.
“The digital space is an increasingly perilous place for everyone,” says spokesman at Turbo VPN. “We are intent on providing users with the tools and resources they need to protect themselves properly. Encrypting data via protocols like IPSec, TLS, and SSL, we secure everything from business and personal websites to private conversations and banking transactions. The web can be a hazardous place, but it doesn’t need to be.”
With their expanded VPN server network and the introduction of ‘What is my IP address?’, Turbo VPN will help users experience the web most securely and hopefully prevent them from becoming part of yet another frightening set of cybersecurity statistics.
For more information about Turbo VPN, please visit [www.turbovpn.com]
About Turbo VPN:
Turbo VPN, downloaded by over 300,000,000 users, is a world-leading provider of the most secure and fastest VPN connections. Founded in Singapore, Turbo VPN is focused on connecting the world safely through its use of cutting-edge technologies. 
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LumenHaus launches innovative sustainable platform and one-stop smart home energy solution

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MUNICH, July 2, 2024 /PRNewswire/ — LumenHaus, an innovative platform advancing the energy transition through decentralized, community-based, and sustainable energy supply, has launched a groundbreaking initiative in sustainability and unveiled its All-in-One smart home energy solution at CinemaxX, Munich.

The event attracted industry experts and media, including Eckhart Gouras, Managing Director PV Magazine; Andreas Hauer, VP of German Energy Storage Systems Association; Nils Kleefeld, influencer in renewable energies and electromobility; and Roman Eckschlager, founder and entrepreneur of Directoa Holding GmbH.
LumenHaus is committed to a sustainable future through its platform that benefits both partners and customers. Its latest innovative design leverages AI to drive technological advancements. For installers, LumenHaus offers a revenue-generating business model, while providing households with a comprehensive, AI-enabled energy solution.
Design Your System: Refreshing Smart home Energy Experience
LumenHaus proudly introduces an all-new smart energy experience for families with “Design Your System.” Developed by a team of expert algorithm engineers, data engineers, and grid service specialists, the system creates a library of intelligent algorithms that expose users to professionalism and efficiency, fueling your journey from program design and purchasing to installation. 
LumenHaus Smart Home Energy System: Adapting to Home Electricity Needs
LumenHaus combines high-efficiency all-black modules, All-in-One energy storage system, and EV charger. This comprehensive solution features fully integrated hardware and software capabilities, allowing for customized system services for end-users through rapid data learning and continuous product performance upgrades. This ensures that home energy systems remain in peak condition, providing a safer, more reliable, and high-quality smart energy experience.
The system also utilizes the location and mapping resources – including home location, roof size, light angles, raw solar information datasets, and more data —to accurately calculate a household’s specific energy needs. This approach maximizes the economic efficiency of home energy systems while supporting sustainable development goals
In addition, all LumenHaus products can be intelligently managed through the LumenHaus APP, a cloud-based home energy management system that includes Virtual Power Plant (VPP) services. This enables homeowners to enjoy reliable energy while contributing value to the grid.
“LumenHaus is committed to creating values through digital, intelligent technology upgrades and home energy services; we believe that the LumenHaus All-in-One ESS and energy management APP can facilitate more families to live a low-carbon lifestyle and build a green future together,” said  Mr. Martin Beyer, director of partnerships and business development, LumenHaus GmbH.
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