On Wednesday, Shares of QUALCOMM, Inc. (NASDAQ:QCOM), gained 0.05% to $62.58.
Qualcomm Incorporated, declared that its partner, Qualcomm Technologies, has introduced its next-generation visual processing technology with new versions of its graphics processing unit (GPU) and image signal processing (ISP) unit, to deliver noteworthy advancements in performance, power efficiency and user experience to Qualcomm Snapdragon processors. The new Qualcomm Adreno 5xx GPU architecture delivers raised speed and efficiency over the previous generation and supports stunning high-definition mobile graphics while introducing general-purpose compute co-processing for exceptionally low power consumption. The first two GPUs accessible on the new architecture, the Adreno 530 and Adreno 510, will be accessible integrated within the forthcoming Snapdragon 820 and Snapdragon 620/618 processors. In addition, Snapdragon 820 will also debut the new 14-bit Qualcomm Spectra™ image signal processing (ISP) unit, designed to support superior DSLR-quality photography and improved computer vision. Devices based on Snapdragon 820 are predictable to be accessible in 1H 2016. Qualcomm Snapdragon, Qualcomm Adreno and Qualcomm Spectra are products of QTI.
“We’re significantly enhancing the visual processing capabilities of Snapdragon to support next-generation user experiences related to computational photography, computer vision, virtual reality and photo-realistic graphics on mobile devices, all while maximizing battery life,” said Tim Leland, vice president, product administration, Qualcomm Technologies, Inc. “Qualcomm Spectra ISP, together with our Adreno 5xx-class GPU, brings an entirely new level of imaging to smartphones, and is designed to allow Snapdragon-powered devices to capture ultra-clear, vivid photos and videos regardless of motion and lighting conditions and display them with the color accuracy that nature intended. In addition, as emerging growth segments such as automotive demand more immersive visual experiences, Snapdragon 820 will enable the next generation of infotainment, computer vision and advanced processing for instrument clusters.”
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Shares of Arthur J. Gallagher & Co. (NYSE:AJG), declined -1.15% to $47.17, during its last trading session.
Arthur J. Gallagher & Co., declared that it has accomplished the formerly revealed acquisition of William Gallagher Associates Insurance Brokers, Inc. headquartered in Boston, Massachusetts.
Arthur J. Gallagher & Co., an international insurance brokerage and risk administration services firm, is headquartered in Itasca, Illinois, has operations in 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Arthur J. Gallagher & Co., together with its auxiliaries, provides insurance brokerage and risk administration services in the United States and internationally. It operates through three segments: Brokerage, Risk Administration, and Corporate.
Finally, SunOpta, Inc. (USA) (NASDAQ:STKL), ended its last trade with -5.74% loss, and closed at $9.86.
SunOpta Inc., declared it has signed a definitive agreement to acquire the assets of Niagara Natural Fruit Snack Company Inc. (“Niagara Natural”). The acquisition closed contemporaneously with the execution of the definitive agreement.
Niagara Natural is a growing and innovative manufacturer of healthy non-GMO and organic fruit snacks, enhancing SunOpta’s existing healthy snack platform and focus on integrated consumer products. With the acquisition, SunOpta extends its market presence in fruit snacks and importantly will now have manufacturing operations in both the east and west, providing a competitively positioned platform to improve customer service and also generate meaningful operational and logistical synergies. The acquisition is predictable to be right away accretive to cash flows, and accretive in 2016 to earnings on a GAAP basis.
“Niagara Natural is a strong planned fit within our core vertically integrated consumer products strategy, aligning well with our focus on healthy and convenient snacking,” said Rik Jacobs, President and Chief Operating Officer of SunOpta. “Not only are we adding a growing business that enhances our leadership position in this on-trend category, but we are adding a talented team with operational expertise and a customer base comprised of high-quality, blue chip retailers.”
Based in the Niagara Region in Ontario, Canada, Niagara Natural is predictable to generate about CDN $10 million in revenue in 2015, and has about 35 employees, all of whom are predictable to join SunOpta. John Boot, who founded Niagara Natural in 2009 and serves as its President, will lead SunOpta’s combined fruit snack category. The transaction is valued at about US $6.7 million on a debt free basis, plus potential future payments based on specific performance targets, and is subject to certain post-closing adjustments. The purchase will be funded through cash on hand and existing credit facilities.
SunOpta Inc. sources, processes, packages, and markets natural, organic, and specialty food products in the United States, Canada, Europe, China, and Ethiopia. Its Global Ingredients segment offers identity preserved, non-genetically modified (non-GMO), and organic seeds and grains, counting soy, corn, and sunflower; seed and grain-based animal feed, and pet food products; and organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products.
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