LYC Healthcare Reports Strong Q3 FY2024 Results of RM36.0 Million
KUALA LUMPUR, Feb 28, 2024 – (ACN Newswire) – LYC Healthcare Berhad (“LYC Healthcare” or the “Group”), a leading provider of comprehensive healthcare and specialist in mother and child care services, is pleased to announce the financial results for the third quarter ended 31 December 2023 (“Q3 FY2024”), demonstrating significant revenue growth and an improvement in operational results.
In Q3 FY2024, LYC Healthcare achieved a robust revenue of RM35.9 million, a notable increase from RM23.5 million in the same quarter of the previous year (“Q3 FY2023”). This growth is primarily attributed to the Group’s strategic focus on nutraceutical business and beneficial outcomes from lease modifications. Despite facing industry-wide challenges, LYC Healthcare successfully narrowed Loss Before Tax (“LBT”) to RM1.2 million, down from RM1.8 million in the corresponding quarter of the previous year, underscoring the effectiveness of the Group’s operational and strategic initiatives.
On a regional basis, Malaysia segment continues to contribute significantly to the Group’s performance, generating RM24.0 million in revenue for the quarter, up from RM13.4 million in the previous year’s quarter. The LBT in this segment decreased to RM2.0 million from RM3.2 million, reflecting improved outcomes from the nutraceutical business.
In Singapore, the healthcare operations continued to excel, generating revenue of RM11.9 million and a profit before tax of RM0.8 million. This performance is an improvement in revenue compared to the previous year, although there was a slight decrease in profit before tax from RM1.5 million, attributed to strategic investments in the region’s healthcare sector for future growth plans.
Cumulatively, for the nine months ended 31 December 2023 (“9M FY2024”), LYC Healthcare posted a revenue of RM95.0 million, up from RM66.6 million in the same period last year. The Group’s LBT improved significantly to RM2.9 million from RM6.4 million, driven by contributions from profit guarantee contributions, gains on lease modifications, and robust performance in both the Singapore healthcare businesses and the nutraceutical sector.
On a quarter-on-quarter basis, LYC Healthcare’s revenue increased from RM32.4 million in the preceding quarter to RM35.9 million, with LBT narrowing to RM1.2 million from RM2.0 million, further evidencing the Group’s strong performance momentum.
Mr. Sui Dong Hoe, Managing Director cum Group Chief Executive Officer of LYC Healthcare expressed optimism about the Group’s direction, stating, “The positive trends we are observing in Q3 FY2024 are a clear indication that LYC Healthcare is on the right trajectory towards profitability and sustained growth. Our strategic investments, particularly in T&T Medical Group Pte Ltd (“T&T”) and HC Orthopedic Surgery Pte Ltd (“HCOS”), and operational enhancements are beginning to bear fruit. The full acquisition of T&T and HCOS, coupled with our plans to list these entities under LYC Medicare (Singapore) Pte Ltd on the Catalist board of the Singapore Exchange (“SGX”), showcases our commitment to capitalizing on these opportunities. These steps are pivotal in further strengthening our market position and delivering value to our stakeholders.”
Topic: Press release summary
Doubleview Reports Strong Massive Sulphide Intercept Logged in Drill Hole H067
Vancouver, British Columbia–(ACN Newswire – October 18, 2023) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the “Company or “Doubleview) is pleased to showcase a long intercept of massive sulphide mineralization in drill hole H068 at its Hat Project. The Hat polymetallic porphyry project in British Columbia’s Golden Triangle, has demonstrated that it contains several of the metals deemed as “critical metals” by the Canadian and American federal governments.
The accompanying photographs illustrate the character of the mineral zone. The long sulphide intercept will be transported under enhanced security protocols for analytical analysis. Assay results will be published in a subsequent news release upon receipt and verification. Further details, including collar coordinates and orientation, will be provided in the immediate future.
Drill hole H067 was collared 320 metres south of drill hole H034 and is directed to the projected south extension of the Lisle Zone. The strong sulphide mineralization appears to comprise sections of very strong chalcopyrite and pyrite, including about 2 metres of nearly massive chalcopyrite. [Chalcopyrite contains about 30% copper].
Further information and maps are being developed to demonstrate the southern extension of the Lisle zone. It is currently projected that the drilling will extend the deposit for another 450m by 340m towards the south while the deposit is open in all directions.
Farshad Shirvani, President and CEO, stated, “I am pleased to see that our modelling concept has been confirmed with drilling. I am also proud of our dedicated team, including our Tahltan Band members who put their utmost efforts into this season’s drilling campaign, which has been very cost effective and successful. We have drilled 1,500 meters in the past two weeks alone, and that has only been attainable due to the team’s hard work, preparation and efficient execution.”
The following photos depict the intersected mineralization (see this news release on the company’s website if the pictures are not visible).
Photo 1: Drill Core photo of H067 – Boxes 71-72-73
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Photo 2: Drill Core photo Close up from Box 73 – 1
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Photo 3: Drill Core photo Close up from Box 73 – 1
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Photo 4: Drill Core photo Close up from Box 71
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Photo 5: Drill Core photo of H067 – Boxes 49-50-51
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Photo 6: Drill Core photo Close up from Box 50 – 1
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Photo 7: Drill Core photo Close up from Box 50 – 2
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Photo 8: Drill Core photo Close up from Box 51 – 1
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Photo 9: Drill Core photo Close up from Box 53 – 1
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Doubleview maintains a website at www.doubleview.ca.
Qualified Persons:
Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview’s Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.
Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.
About Doubleview Gold Corp
Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (GER: A1W038) (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company’s portfolio of strategic properties provides diversification and mitigates investment risks.
On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer
For further information please contact:
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184408
Topic: Press release summary
Appia Reports Remarkable Drilling Results; Doubles Depth of Mineralized Zones at the PCH Ionic Clay Project, Brazil
Toronto, Ontario–(ACN Newswire – October 16, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the “Company” or “Appia”) announce results from the first 17 drill holes out of 147 completed to date from the Reverse Circulation (RC) drilling campaign at its PCH Ionic Clay Project in Goiás State, Brazil. The results from the first 17 RC drill holes represent a significant doubling in average depth of mineralized zones to 13 metres with overall weighted average grades of 1,566 parts per million (ppm) Total Rare Earth Oxides (TREO) which is comparable to, or surpasses, other well-known international deposits.
Summary:
- Reverse Circulation (RC) drill holes assayed: The first 17 RC drill holes of the Phase 1 drill program are all Rare Earth Element (REE) mineralized. A total of 147 holes have been completed to date with an accumulated total of 2,019 metres drilled.
- Average depth doubled: The average depth of RC drilling is over 13 metres from surface representing a significant doubling in average depth of the mineralized zones.
- Outstanding Grades: The results exhibit overall grades similar to or surpassing known deposits, with remarkable high-grade mineralization identified, including:
- PCH-RC-001 from 0m to 15m End of Hole (EOH):
- 1,914 ppm TREO and 510 ppm Magnet Rare Earth Oxides (MREO), or 27% of TREO, including 9m @ 2,300 ppm TREO and 632 ppm MREO, or 27% of TREO from 2m to 11m; and
- 291 ppm Heavy Rare Earth Oxides (HREO), or 15% of TREO, including 9m @ 366 ppm, or 16 % of TREO.
- PCH-RC-002 from 0m to 15m (EOH):
- 2,671 ppm TREO and 605 ppm MREO, or 23% of TREO, including 6m @ 5,389 ppm TREO and 1,189 ppm MREO, or 23% of TREO from 8m to 14m; and
- 220 ppm HREO, or 8% of TREO, including 6m @ 412 ppm HREO, or 8% of TREO.
- PCH-RC-008 from 0m to 18m (EOH):
- 2,752 ppm TREO and 741 ppm MREO, or 27% of TREO, including 15m @ 3,084 ppm TREO and 839 ppm MREO, or 27% of TREO from 2m to 17m; and 404 ppm HREO, or 15% of TREO, including 15m @ 460 ppm HREO, or 15% of TREO.
- PCH-RC-009 from 0m to 15m (EOH):
- 3,277 ppm TREO and 804 ppm MREO, or 25% of TREO, including 12m @ 3,594 ppm TREO and 886 ppm MREO, or 24% of TREO from 1m to 13m; and
- 251 ppm HREO, or 8 % of TREO, including 12m @ 275 ppm HREO, or 8% of TREO.
- PCH-RC-011 from 0m to 15m (EOH):
- 3,717 ppm TREO and 913 ppm MREO, or 25% of TREO, including 11m @ 4,182 ppm TREO and 1,035 ppm MREO, or 25% of TREO from 0m to 11m; and
- 286 ppm HREO, or 8 % of TREO, including 11m @ 327 ppm HREO, or 8% of TREO.
TREO = ([CeO2 ppm] + [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [La2O3 ppm] + [Lu2O3] ppm] + [Nd2O3 ppm] + [Pr6O11 ppm] + [Sm2O3 ppm] + [Tb4O7 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]). MREO = ([Dy2O3 ppm] + [Pr6O11 ppm] + [Nd2O3 ppm] + [Sm2O3 ppm] + [Tb4O7 ppm]). HREO = [Dy2O3 ppm] + [Er2O3 ppm] + [Eu2O3 ppm] + [Gd2O3 ppm] + [Ho2O3 ppm] + [Lu2O3] ppm] + [Sm2O3 ppm] + [Tb4O7 ppm] + [Tm2O3 ppm] + [Yb2O3 ppm]).
For a complete listing of all assay results, please click here.
“These exceptional drilling results have confirmed the potential of Target IV,” stated Stephen Burega, president. “The assay results received to date showcase substantial mineralization across 100% of the drill holes.”
Tom Drivas, CEO, said, “It’s very exciting to witness the PCH Ionic Clay project’s potential increasing through this Phase 1 drilling campaign with the average depth of mineralized zones increasing to 13 metres while consistently delivering extraordinary overall assay values which, in many cases, are from top to bottom of the hole.”
He continued, “Ionic Clay Rare Earths Deposits are usually found within the top 10-20m from surface; they are easier to mine, more environmentally friendly because they contain low or no radioactivity; exhibit simpler metallurgy therefore easier and cheaper to process; and contain good amounts of both the very valuable heavy and light magnet rare earths that are in high demand for cleaner electrification and use in a large number of high tech applications.”
The PCH Ionic Clay Project drilling has resulted in 17 holes with a weighted average value of 1,566 ppm TREO, which is comparable to, or surpasses, other well-known international deposits. “This initial batch of samples has revealed MREO that account for approximately 25% of TREO, producing notable overall values up to 1,189 ppm. We have identified high-grade values that are exceptional in terms of both width and grades,” stated Carlos Bastos, Brazilian Qualified Person and Geology Manager.
Target IV marks a significant milestone for Appia’s PCH Ionic Clay project, and the Company eagerly anticipates receiving further assay results from the SGS Geosol labs. “These results reaffirm our commitment to exploring the entire PCH project area which covers an impressive 17,551 hectares with a significant area still open to bluesky early-stage exploration, and we look forward to sharing more exciting developments in the near future,” commented Stephen Burega.
Background on the PCH Project
The PCH Project is located within the Tocantins Structural Province in the Brasília Fold Belt, more specifically, the Arenópolis Magmatic Arc. The PCH Project is 17,551.07 ha in size and located within the Goiás State of Brazil. It is classified as an alkaline intrusive rock occurrence with highly anomalous REE and Niobium mineralization. This mineralization is related to alkaline lithologies of the Fazenda Buriti Plutonic Complex and the hydrothermal and surface alteration products of this complex by supergene enrichment in a tropical climate. The positive results of the recent geochemical exploration work carried out to date indicates the potential for REEs within lateritic ionic adsorption clays and Niobium.
Reverse circulation (RC) drill holes are sampled at one metre intervals, resulting in higher average sample size of 5-25 kg. A small representative specimen was taken from each sample bag and placed into a chip tray for visual inspection and logging by the geologist. Quartering was performed at Appia’s logging facility using a riffle splitter and continued splitting until a representative sample weighing approximately 500g each was obtained, bagged in a resistant plastic bag, labeled, photographed, and stored for shipment.
The samples were sent to the SGS laboratory in Vespasiano, Minas Gerais. Despite the SGS Lab owning internal QA/QC, Appia has used its own control samples in each batch sent to the laboratory.
Quality control samples, such as blank, duplicate, and standard (CRM) were inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced every batch which comprise a full-length hole. The rigorous procedures implemented during the sample collection, preparation, and analysis stages underscore the robustness and reliability of the analytical results obtained.
All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of RC samples were provided by SGS Geosol, an ISO/IEC 17025:2005 certified laboratory, which performed their measure of the concentration of rare earth elements (REE) analyses by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) analytical methods.
The technical content in this news release was reviewed and approved by Mr. Don Hains, P.Geo, Consulting Geologist, and a Qualified Person as defined by National Instrument 43-101.
About Appia Rare Earths & Uranium Corp. (Appia)
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 113,837.15 hectares (281,297.72 acres) in Saskatchewan. The Company also has a 100% interest in 12,545 hectares (31,000 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario. Lastly, the Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project which is 17,551.07 ha. in size and located within the Goiás State of Brazil. (See June 9th, 2023 Press Release – Click Here)
Appia has 130.5 million common shares outstanding, and 143.3 million shares fully diluted.
Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For more information, visit www.appiareu.com
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (Twitter, Facebook, LinkedIn) please feel free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please click here.
For further information, please contact:
Tom Drivas, CEO and Director: 416-546-2707, (fax) 416-218-9772 or (email) tdrivas@appiareu.com
Stephen Burega, President: (cell) 647-515-3734 or (email) sburega@appiareu.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/184083
Topic: Press release summary
BlackBerry Reports Preliminary Second Quarter Fiscal Year 2024 Results
WEBWIRE – Wednesday, September 6, 2023
- Preliminary second quarter fiscal year 2024 revenue for BlackBerry is estimated to be approximately $132 million
- IoT business unit revenue expected to be approximately $49 million, representing 9% sequential growth
- Cybersecurity business unit revenue expected to be approximately $80 million, lower than expected, primarily due to certain large government deals not closing in the quarter
- Licensing and Other business unit revenue expected to be approximately $3 million
- Full-year revenue outlook for Cybersecurity and Licensing reiterated, IoT outlook adjusted to reflect factors including revised production schedules at certain automakers
BlackBerry Limited (NYSE: BB; TSX: BB) today provided a business update and announced selected, unaudited preliminary financial results for the three months ended August 31, 2023 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).
Like many software companies, our Cybersecurity business has experienced elongated sales cycles, particularly in BlackBerrys core government vertical, where we have a strong market position. Given the product mix, delays inclosing certain large deals are expected to impact revenue recognized in the quarter. However, we expect to close these deals this fiscal year and are therefore reiterating the full-year outlook for the Cybersecurity business unitgiven previously, said John Chen, Executive Chair & CEO, BlackBerry. Our IoT business unit continues tocapitalize on its large market opportunity and multi-year secular tailwinds by securing new design wins at a strong rate. However, in the short term we are seeing some automakers shift the start of software development programs, as well as production schedules, and therefore weve revised our current year revenue outlook, but not our long- term targets.
Preliminary Second Quarter Fiscal 2024 Financial Results:
- Total company revenue expected to be approximately $132 million.
- IoT revenue expected to be approximately $49 million.
- Cybersecurity revenue expected to be approximately $80 million.
- Licensing and Other revenue expected to be approximately $3 million.
Outlook:
BlackBerry reiterates its full-year revenue guidance for both Cybersecurity and Licensing and Other.
Given the potential impact of factors that include, rescheduling of software development programs and production schedules at certain large automakers and uncertainty in the macroeconomic environment, the full-year revenue outlook for the IoT business unit is now expected to be in the range of $225M to $240M.
Preliminary Financial Results:
The preliminary financial results for the second quarter ended August 31, 2023, are unaudited estimates, and are based on information available to management as of the date of this release and are subject to potential further material changes upon completion of the Companys standard quarter-end closing procedures. In preparing this information, management has made subjective estimates about the appropriateness of certain reported amounts and disclosures. BlackBerrys actual financial results for the three months ended August 31, 2023, have not yet been finalized and remain subject to the completion of managements final review and our other closing procedures.
These preliminary estimated results do not represent a comprehensive statement of all financial results for the three months ended August 31, 2023.
Earnings Conference Call and Webcast:
A conference call and live webcast will be held on Thursday, September 28, 2023 beginning at 5:30 p.m. ET, which can be accessed using the following link (here) or through the Companys investor webpage (BlackBerry.com/Investors) or by dialing toll free +1 (877) 270-2148 and entering Elite Entry Number 6312676.
A replay of the conference call will be available at approximately 8:30 p.m. ET on Thursday, September 28, 2023, using the same webcast link (here) or by dialing Canada toll free +1 (855) 669-9658 or US toll free +1 (877) 344- 7529 and entering Replay Access Code 4522458.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 235M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems. BlackBerrys vision is clear – to secure a connected future you can trust.
BlackBerry. Intelligent Security. Everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.
Investor Contact:
BlackBerry Investor Relations
+1 (519) 888-7465
investorrelations@blackberry.com
This news release contains forward-looking statements within the meaning of certain securities laws, including under the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including statements regarding BlackBerrys plans, strategies and objectives including its expectations with respect to its second quarter and full fiscal year 2024 financial results, and the timing, structure and financial impacts of certain contracts under negotiation.
The words expect, anticipate, estimate, may, will, should, could, intend, believe, target, plan and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BlackBerry in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BlackBerry believes are appropriate in the circumstances, including but not limited to, the matters noted above under preliminary financial results, BlackBerrys expectations regarding its business, strategy, opportunities and prospects, the launch of new products and services, general economic conditions, competition, and BlackBerrys expectations regarding its financial performance. Many factors could cause BlackBerrys actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following factors: BlackBerrys strategic review of its businesses, including risk related to BlackBerrys ability to realize the benefits of any strategic alternatives being explored and risk that uncertainty relating to the review may adversely impact the Companys business and relationships with its partners, customers and employees; BlackBerrys ability to enhance, develop, introduce or monetize products and services for the enterprise market in a timely manner with competitive pricing, features and performance; BlackBerrys ability to maintain or expand its customer base for its software and services offerings to grow revenue or achieve sustained profitability; the intense competition faced by BlackBerry; the occurrence or perception of a breach of BlackBerrys network cybersecurity measures, or an inappropriate disclosure of confidential or personal information; the failure or perceived failure of BlackBerrys solutions to detect or prevent security vulnerabilities; BlackBerrys continuing ability to attract new personnel, retain existing key personnel and manage its staffing effectively; litigation against BlackBerry; BlackBerrys dependence on its relationships with resellers and channel partners; acquisitions, divestitures and other business initiatives; the impact of the COVID-19 pandemic; network disruptions or other business interruptions; BlackBerrys ability to foster an ecosystem of third-party application developers; BlackBerrys products and services being dependent upon interoperability with rapidly changing systems provided by third parties; BlackBerrys ability to obtain rights to use third-party software and its use of open source software; failure to protect BlackBerrys intellectual property and to earn expected revenues from intellectual property rights; BlackBerry being found to have infringed on the intellectual property rights of others; the substantial asset risk faced by BlackBerry, including the potential for charges related to its long-lived assets and goodwill; BlackBerrys indebtedness; tax provision changes, the adoption of new tax legislation or exposure to additional tax liabilities; the use and management of user data and personal information; government regulations applicable to BlackBerrys products and services, including products containing encryption capabilities; environmental, social and governance expectations and standards; the failure of BlackBerrys suppliers, subcontractors, channel partners and representatives to use acceptable ethical business practices or comply with applicable laws; regulations regarding health and safety, hazardous materials usage and conflict minerals; foreign operations, including fluctuations in foreign currencies; adverse economic, geopolitical and environmental conditions; the fluctuation of BlackBerrys quarterly revenue and operating results; the volatility of the market price of BlackBerrys common shares; and rising inflation.
These risk factors and others relating to BlackBerry are discussed in greater detail in BlackBerrys Annual Report on Form 10-K and the Cautionary Note Regarding Forward-Looking Statements section of BlackBerrys MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov). All of these factors should be considered carefully, and readers should not place undue reliance on BlackBerrys forward-looking statements. Any statements that are forward-looking statements are intended to enable BlackBerrys shareholders to view the anticipated performance and prospects of BlackBerry from managements perspective at the time such statements are made, and they are subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting BlackBerrys financial results and performance for future periods, particularly over longer periods, given changes in technology and BlackBerrys business strategy, evolving industry standards, intense competition and short product life cycles that characterize the industries in which BlackBerry operates. Any forward-looking statements are made only as of today and the company has no intention and undertakes no obligation to update or revise any of them, except as required by law.
Investigation reports on four incidents involving Boeing 787 passenger aircraft published
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In the four incidents, the aircraft deviated from the localizer courses during Instrument Landing System approaches to landing at HKIA. The pilots then assumed manual control of the aircraft which landed safely afterwards. None of the aircraft was damaged and no one was injured in the incidents.
The investigation concluded that the incidents were caused by a software issue in the Autopilot Flight Director System of the aircraft. The investigation team has made one safety recommendation and the aircraft manufacturer has taken relevant action.
The investigation team also identified an audio quality issue during a review of audio recording of a cockpit voice recorder in one of the incidents. The investigation team has made one safety recommendation based on which the aircraft manufacturer is reviewing the necessary actions.
The investigation was conducted by a team of professional investigators in strict adherence to international standards established by the International Civil Aviation Organization (ICAO). “The objective of the investigation was to identify the circumstances and causes of the incidents with a view to preventing a recurrence,” an AAIA spokesperson said.
Throughout the investigation, all parties concerned were properly consulted on the reports. The reports are available for download on the AAIA webpage (www.tlb.gov.hk/aaia/eng/investigation_reports/index.html).
The AAIA is an independent investigation authority responsible for the investigation of civil aircraft accidents and serious incidents in accordance with the Hong Kong Civil Aviation (Investigation of Accidents) Regulations (Cap. 448B) and with reference to the ICAO’s standards.
Hong Kong – Investigation reports on four incidents involving Boeing 787 passenger aircraft published
The Air Accident Investigation Authority (AAIA) today (August 11) published the investigation reports (3/2023 to 6/2023) on the investigations into four incidents involving Boeing 787 passenger aircraft which deviated from their courses while approaching Hong Kong International Airport (HKIA) between July and October 2019.Ads
