The economics of taxes goes beyond public revenues. Taxes serve as important economic policy tools and growth drivers. Economic literature is fraught with case studies of countries that have leveraged taxation to stimulate consumption and grow local industries. Countries tend to reduce taxes during economic lull but increase the same during a boom. And there is often a trade-off between a higher tax burden and economic growth. Indeed, the questions relating to these decisions are not often as straightforward as they seem. Sometimes, such decisions could be as complicated as the devils choice; the alternative could, indeed, present themselves as the proverbial devil and the deep blue sea. Indeed, Nigeria is currently standing between the devil and the deep blue sea. Presently, the countrys documented sovereign debt has ballooned to about N35.5 trillion, with the Federal Government alone looking at borrowing close to half of the figure in the next three years as captured in the 2022-2024 Medium-term Expenditure Framework and Fiscal Stability Paper (MTEF/FSP). Thus, the country should, as suggested by the World Bank as well as the International Monetary Fund (IMF), look inward for resource mobilisation and think urgent tax reform as an important route to achieving this. The impact of such reforms in the form of additional burden however spells doom for existing tax payers. Yes, the fear of continuous debt accumulation could be the devil. But more taxes, of course, weaken the purchasing power of individuals and stifle consumption, with attendant consequences for social cohesion. Already, many Nigerians think the tax burden is already unbearable especially with the rising implicit component (the unnecessary cost inflicted on households because of neglect of social responsibilities of government), which the President of the African Development Bank (AfDB), Akinwumi Adesina, said has huge socio-economic impacts on households. In February 2020, the government adjusted the value-added tax (VAT) upward by 50 per cent through the Finance Act 2020 and argued that it would not have much impact on the poor as essential consumption was exempted pted. About two years later, Nigerians know better the implication of the increase. Inflation increased to a crisis level, pushing many companies into desperate cost-cutting options, including layoff and many consumers household incomes weakened. Last year also, the government expanded the band of excise duty, a category of tax originally known as sin tax (a name rooted in its prohibitive rather revenue-generating role). It was extended to the telecommunication sector. For a country whose unemployment, especially among the youth, has reached a crisis level, a contemplation of more taxes on businesses is like adding fuel to fire. At 33.3 per cent unemployment rate according to data from the National Bureau of Statistics (NBS), the country is in the league of five countries with the worst unemployment rates globally. Hence, some economists advocated the use of fiscal incentives as opposed to taxes to encourage the private sector to create the much-needed jobs. Earlier, excise duty was imposed on alcoholic beverages in defiance of the impact on the industry, which is known for its high labour factor intensity. And now, the non-alcoholic beverage is awaiting sugar tax as contemplated in the Finance Bill 2022. Unfortunately, the beverage has had to bear the brunt of cut-throat indirect taxes as there is a limit to how much tax burden a manufacturer can pass to the consumer when the underlying commodity or service is reasonably elastic. With competition from cheaper brands and sachet alcoholic drinks, brewing firms in the country are groaning under the burden of excise duty as they struggle to manage costs that would have hitherto been passed to consumers. Already, consumer purchasing power has continued to drop with preference for cheaper commodities taking the centre stage in many of such purchases. But the obsession for tax financing could worsen the already bad situation. For instance, the Federal Government had introduced a new excise regime in 2018 to address shortfalls in revenues; the new regime led to an increase of at least N30 per litre of alcohol consumed in the country. Another increase to N35 per litre was implemented in June 2019. With another adjustment imminent, operators are already concerned about their survival, especially as inflation continues to take of chunk of individuals real incomes, limiting household spending. Industry sources estimate the new excise on alcoholic beverage to hover at N50 per litre, representing over 40 per cent increase. At N50 per litre, the proposed increment is expected to impose an additional tax burden of between N10 billion to N30 billion in excise on companies that are already in loss position. You can see the elasticity curve. And beyond a certain price point, consumers switch to local products. That is why I sometimes say it is important that we are not overtaxed, because what you can get with excise increase etcetera, is that there is more and more a gap between ourselves and the locals. And actually, the government might get less tax income because simply the elasticity curve will move consumers to the local brews, the immediate past Managing Director of Nigerian Breweries PLC, Jordi Borrut Bel, had said at a yearly general meeting. Indeed, as every other industry, Nigerian brewers compete with a potpourri of local and, sometimes, unsafe brands smuggled into the country through the porous borders. Already, the assorted local mixtures from the neighbouring countries have siezed the Nigerian market by the jugular, selling in sachets, bottles, and other packages at the motor parks. This is the challenge: an overpriced bottle of beer in Nigeria is like selling the available jobs to neighbouring West African countries where the local brews are imported. But this is, perhaps, the most damaging aspect of unaffordable excise duty on beer beverages there is a high positive correlation between the tax and the growth of the illicit market. African countries are known for weak implementation of fiscal policies including taxes. While the formal corporate organisations that create jobs and grow the economy are held hostage by such policies, the government inadvertently hands over the market to smugglers and illicit traders. Kenya, South Africa, Zambia, and many other African countries have had their fair, unsavoury taste of how misapplied exercise duties could create an illicit market and weaken the formal sector. The Kenyan drive to reduce alcohol consumption through prohibitive excise duty in the 1990s and Diageos Senator Keg campaign is a classic case in branding and marketing. With the increase in excise duty, young Kenyans could only substitute popular beers, which turned out to have health consequences. Diageo decided to introduce an affordable beer (Senator Keg) to penetrate the illicit market. Diageo was able to introduce the product at 15-20 Kenyan shillings per glass with a 100 per cent excise remission. Senator Kegs price was marginally higher than illicit alcohol; thus, it reduced the size of the illicit market to about 50 per cent by 2013. However, tax remissions were reduced to 50 per cent in 2013, and that led to an 86 per cent decline in Senator Kegs volumes, 48 per cent reduction in outlets and thousands of job losses to farmers. But the government had to quickly intervene to save the industry and the value chain. About six years ago, it raised tax cutbacks back to 90 per cent, paving the way for a gradual recovery of the industry and jobs. In 2014, Zambias illicit alcoholic market stood at 40 per cent amid disjointed tax policies, weak enforcement and a rising misery index. Zambia has had high excise duties on alcohol, historically, and this has led to a large gap between legal and illicit prices. In 2001, there was an 85 per cent excise on clear beer, 125 per cent excise on wine and spirits and 35 per cent excise on opaque beer. The government had raised excise duty on clear beer to 60 per cent of its 2014 budget to check the social ills of alcohol abuse. Sadly, data from Euromonitor International shows that instead of a decline in cases of abuse, the reverse has been the reality. Zambias illicit alcohol market grew from 39 per cent in 2014 and it is currently 69.5 per cent. The excise rate was subsequently reduced, but Zambia is still battling the consequences. In any case, the government could be milking over-starved cows in its obsession with more taxes. Last year was particularly harsh for businesses. In the beer sector being targeted for more taxes, the books were generally red last year for obvious reasons. For instance, Nigerian Breweries profit after tax (PAT) fell by over 53 per cent to N7.5 billion while its key competitor, Guinness Nigeria Plc posted a N17.07 billion loss. International Breweries, on its part, closed the year with a loss of N12.4 billion. In 2019, it recorded a loss of over N27 billion. Still, the companies play their roles as responsible corporate citizens, paying their taxes and other collectibles, in billions yearly, while shouldering virtually the responsibilities of government in their host communities. In the face of daunting challenges last year, for instance, Nigerian Breweries, still remitted N4.2 billion in taxes, while International Breweries paid N12.5 billion. Last year alone, the government generated N112.84 billion in company income tax (CIT) and VAT from the brewery, bottling and beverage sector. That was about four per cent of the entire CIT/VAT income for the year. While there is no credible and verifiable data on the contribution of the sector in terms of jobs, many experts believe it is one of the leading employers of labour. In recent years, the leading players have embarked on aggressive backward integration, which has expanded the value chain and increased their relevance to rural areas. Hence, some members of the organised private sector (OPS) have urged the National Assembly and the Federal Ministry of Finance to suspend plans to impose excise duty on any segment of the Nigerian manufacturing sector. They have raised concerns about knock-on effect of re-introducing excise duty on the production of soft drinks in the country and the additional burden on beer beverages manufacturers. According to them, the adjustment in excise duty is not unconnected to the upward review of revenue target for the Nigerian Customs Service (NCS) in the 2021 budget year from N1.465 trillion to N1.679 trillion and advocacy for sin tax by the NCS, Colonel Hameed Ali (rtd.) during at an interactive session on the 2022-2024 MTEF. Economist and private sector advocate, Dr. Muda Yusuf, had stated that the proposed excercise duty was a negation of the economic recovery and job creation objectives of the federal government and detrimental to the job creation and poverty reduction commitments of President Muhammadu Buhari. Yusuf, a former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), described the move as ill-timed, inappropriate and detrimental to the growth of the manufacturing sector. According to him, Nigerian manufacturing companies and most investors are going through tremendous stress now, with many currently grappling with serious macro-economic challenges and structural constraints impacting on capacity utilisation, productivity, and competitiveness. He added that the implication of the challenges is affecting sales, turnover, profitability, shareholder value and the sustainability of investments, noting that the norm globally at this time, is to provide incentives for industries to aid their recovery from the shocks of the pandemic and escalating costs. On its part, the Chairman of Fruit Juice Producers branch of MAN, Fred Chiazor, stated that manufacturers are currently recording as much as 39.5 per cent loss due to imposition of various taxes with concomitant impact on jobs and supply chain businesses. MAN, therefore, called for the suspension of the fiscal policy, even as it noted that the proposed excise duty collection would shrink the sectors contribution to gross domestic products (GDP), which currently stands 35 per cent. He argued that the tough economic situation in the nation presently should see the government introduce fiscal palliatives and tax rebate instead of introducing excise duty collection. A member of the Nigerian Economic Summit Group (NESG), Dr. Ikenna Nwosu advised that the initiative be shelved for a minimum of one year to allow for robust discourse with industry stakeholders on the possible gains and shortcomings of the policy. Nwosu posited that the one-year waiting period would also enable the nations economy, especially its manufacturers, to recover from the debilitating effects of the COVID-19 pandemic. He argued that most global economic bodies including the International Monetary Fund (IMF) and World Trade Organisation (WTO) have been advising governments to suspend taxes for one year as part of efforts to support their businesses amid the global fiscal challenges. Rising from the ruins of COVID-19, countries have created several bounce-back schemes to help organisations survive the impacts of the pandemic. From Europe, Asia, America to Africa, companies are getting a helping hand in the form of grants and single interest loans to keep jobs and save the economy from the cliff. It may be understandable why the government cannot do much now to help struggling businesses cope with existing challenges and the new income crunch that comes with COVID-19. But, perhaps, the least the government could do now is to resist the temptation to impose more taxes on businesses. That will be as good as auctioning the few available jobs.

Read the rest here:

As Government 'auctions' Few Available Jobs For Hike In Excise Tax - The Streetjournal

Global Excercise Bike Market report provides information regarding market size, share, trends, growth, cost structure, capacity, revenue and forecast 2026. Excercise Bike Market aims to provide Current market intelligence and help decision makers take sound investment evaluation.This report also includes the overall and comprehensive study of the Excercise Bike market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Excercise Bike industry and provides data for making strategies to increase the market growth and effectiveness.

Get a Sample Copy of the Report https://www.marketreportsworld.com/enquiry/request-sample/18410618

To Understand How COVID-19 Impact is Covered in This Report. Get Sample copy of the report at https://www.marketreportsworld.com/enquiry/request-sample/18410618

Excercise Bike Market report offers detailed coverage of the market which includes industry chain structure, definitions, applications, and classifications. The report offers SWOT analysis for Excercise Bike market segments. The report provides helpful insights into all the leading trends of the Excercise Bike market. It delivers a comprehensive study of all the segments and shares information regarding the leading regions in the market. It also provides statistical data on all the recent developments in the market. It also comprises a basic overview and revenue and strategic analysis under the company profile section. Excercise Bike market analysis is provided for the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status. This report also states import/export consumption, supply and demand Figures, cost, industry share, policy, price, revenue, and gross margins.

Top listed manufacturers for global Excercise Bike Market are:

Excercise Bike Market Analysis Report contains all Analytical and Statistical brief about Market Overview, Growth, Demand and Forecast Research with strong overview and solution in the composite world of Excercise Bike Industry. Excercise Bike Market Research Report Highlights include key Market Dynamics of sector. Various definitions and classification of applications of the industry and Chain structure with Upstream Raw Materials, Sourcing Strategy and Downstream Buyers are given. This Excercise Bike Market Research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts and Regional Analysis of the Market. Additionally, prime strategical activities in the market, which includes product developments, mergers and acquisitions, partnerships are discussed.

Market by Type:

Market by Application:

Market by Region:

Enquire before purchasing this report https://www.marketreportsworld.com/enquiry/pre-order-enquiry/18410618

Points Covered in The Report:

Key questions answered in the report:

Excercise Bike Market 2021 global industry research report is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis. The report begins from overview of industrial chain structure, and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type and end-use segment, in addition, the report introduces market competition overview among the major companies and companys profiles, besides, market price and channel features are covered in the report. Furthermore, market size, the revenue share of each segment and its sub-segments, as well as forecast figures are also covered in this report.

Research objectives:

Purchase this report (Price 4000 USD for single user license) https://www.marketreportsworld.com/purchase/18410618

Years considered for this report:

Detailed TOC of Global Excercise Bike Market Study 2021-2026

1 Excercise Bike Introduction and Market Overview 1.1 Objectives of the Study 1.2 Overview of Excercise Bike 1.3 Scope of The Study 1.3.1 Key Market Segments 1.3.2 Players Covered 1.3.3 COVID-19s impact on the Excercise Bike industry 1.4 Methodology of The Study 1.5 Research Data Source

2 Executive Summary 2.1 Market Overview 2.1.1 Global Excercise Bike Market Size, 2015 2021 2.1.2 Global Excercise Bike Market Size by Type, 2015 2021 2.1.3 Global Excercise Bike Market Size by Application, 2015 2021 2.1.4 Global Excercise Bike Market Size by Region, 2015 2026 2.2 Business Environment Analysis 2.2.1 Global COVID-19 Status and Economic Overview 2.2.2 Influence of COVID-19 Outbreak on Excercise Bike Industry Development

3 Industry Chain Analysis 3.1 Upstream Raw Material Suppliers of Excercise Bike Analysis 3.2 Major Players of Excercise Bike 3.3 Excercise Bike Manufacturing Cost Structure Analysis 3.3.1 Production Process Analysis 3.3.2 Manufacturing Cost Structure of Excercise Bike 3.3.3 Labor Cost of Excercise Bike 3.4 Market Distributors of Excercise Bike 3.5 Major Downstream Buyers of Excercise Bike Analysis 3.6 The Impact of Covid-19 From the Perspective of Industry Chain 3.7 Regional Import and Export Controls Will Exist for a Long Time 3.8 Continued downward PMI Spreads Globally

4 Global Excercise Bike Market, by Type 4.1 Global Excercise Bike Value and Market Share by Type (2015-2021) 4.2 Global Excercise Bike Production and Market Share by Type (2015-2021) 4.3 Global Excercise Bike Value and Growth Rate by Type (2015-2021) 4.3.1 Global Excercise Bike Value and Growth Rate of Rack and Pinion 4.4 Global Excercise Bike Price Analysis by Type (2015-2021)

5 Excercise Bike Market, by Application 5.1 Downstream Market Overview 5.2 Global Excercise Bike Consumption and Market Share by Application (2015-2021) 5.3 Global Excercise Bike Consumption and Growth Rate by Application (2015-2021) 5.3.1 Global Excercise Bike Consumption and Growth Rate of Automative (2015-2021) 5.3.2 Global Excercise Bike Consumption and Growth Rate of Mining (2015-2021) 5.3.3 Global Excercise Bike Consumption and Growth Rate of Oil & Gas (2015-2021) 5.3.4 Global Excercise Bike Consumption and Growth Rate of Other (2015-2021)

6 Global Excercise Bike Market Analysis by Regions 6.1 Global Excercise Bike Sales, Revenue and Market Share by Regions 6.1.1 Global Excercise Bike Sales by Regions (2015-2021) 6.1.2 Global Excercise Bike Revenue by Regions (2015-2021) 6.2 North America Excercise Bike Sales and Growth Rate (2015-2021) 6.3 Europe Excercise Bike Sales and Growth Rate (2015-2021) 6.4 Asia-Pacific Excercise Bike Sales and Growth Rate (2015-2021) 6.5 Middle East and Africa Excercise Bike Sales and Growth Rate (2015-2021) 6.6 South America Excercise Bike Sales and Growth Rate (2015-2021)

7 North America Excercise Bike Market Analysis by Countries 7.1 The Influence of COVID-19 on North America Market 7.2 North America Excercise Bike Sales, Revenue and Market Share by Countries 7.2.1 North America Excercise Bike Sales by Countries (2015-2021) 7.2.2 North America Excercise Bike Revenue by Countries (2015-2021) 7.3 United States Excercise Bike Sales and Growth Rate (2015-2021) 7.4 Canada Excercise Bike Sales and Growth Rate (2015-2021) 7.5 Mexico Excercise Bike Sales and Growth Rate (2015-2021)

8 Europe Excercise Bike Market Analysis by Countries 8.1 The Influence of COVID-19 on Europe Market 8.2 Europe Excercise Bike Sales, Revenue and Market Share by Countries 8.2.1 Europe Excercise Bike Sales by Countries (2015-2021) 8.2.2 Europe Excercise Bike Revenue by Countries (2015-2021) 8.3 Germany Excercise Bike Sales and Growth Rate (2015-2021) 8.4 UK Excercise Bike Sales and Growth Rate (2015-2021) 8.5 France Excercise Bike Sales and Growth Rate (2015-2021) 8.6 Italy Excercise Bike Sales and Growth Rate (2015-2021) 8.7 Spain Excercise Bike Sales and Growth Rate (2015-2021) 8.8 Russia Excercise Bike Sales and Growth Rate (2015-2021)

Continued

Request Complete Table Of Contents Of this Report https://www.marketreportsworld.com/TOC/18410618#TOC

At last, the report gives the inside and out examination of Excercise Bike Market took after by above components, which are useful for organizations or individual for development of their present business or the individuals who are hoping to enter in Excercise Bike industry.

Contact Info:

Name: Ajay More

Email: [emailprotected]

Phone: US +14242530807/ UK +44 203 239 8187

Our other reports:

Creative Management Software Market 2021 by Industry Explosive Growth Opportunity, Consumption, Share, Size, Drivers, Trends, Key Findings, Regional Analysis, Future Demand, Research Methodology by 2026

Brassica Vegetable Seeds Market Size 2025 Trends and Growth, Segmentation and Key Companies with Impact of COVID-19 on Industry

Oil & Gas Software Market 2021: Global Industry Current Trends, Size, Share, Trends, Top Companies, Application, Growth Factors, Opportunities, Challenges, Development Forecast to 2026

Catheter Coatings Market 2021 Global Industry Share, Size Estimation, Current Status, Growth Opportunities, Top Key Players, Target Audience Forecast to 2026

Emi Shielding Film Market 2021 Analysis Type, Size, Share, Growth, Application, Industry Segment and Development Rate Forecast to 2026

Nutrition and Supplements Market 2021 Product Outlook, Size, Share, Growth, Key Companies, Trends, Restraints, Threat, Competitive Status and Trend Prediction Forecast to 2026

Medical Film Printers Market Size Report 2021|Business Scenario, Competition Strategy and Growth Analysis, Top Manufacturers with Future Scope Forecast to 2026 with Impact of Covid-19

Biohacking Market 2021 Global Industry Analysis by Trends, Size, Share, Company Overview, and Growth Forecast to 2027

E-Prescribing Market 2021 Analyzed by Development Factors, Size, Share, Key Players, Historical Analysis, Business Growth, Trends, Strategies, Future Prospects and Applications Forecast to 2027

Fishing Equipments Market is Anticipated to reach at a CAGR of 2.18% Globally with Top Countries Data | Analysis by Trends, Size, Share, Applications, Growth and Forecast 2021- 2027

Read more from the original source:

Excercise Bike Market 2021 Growth, Global Survey, Share, Key Findings, Comprehensive Analysis, Development Strategy, Emerging Technologies, Trends and...

Footage has emerged of Alfredo Morelos keeping active during his quarantine period by running around the car park of the hotel in which he was staying, temporarily.

Is this really how an elite sports person should be treated?

Yes, critics may say that most people are subject to quarantine regulations when arriving from a particular country in this case from red list Colombia but exemptions have already been in place for professional sports and their bubbles, the same one Morelos will rejoin very shortly.

Look at this scene below. It is commendable that the Colombian international has wanted to keep himself ticking over and getting some fresh air too, but it is not a sight that Rangers will be happy about.

An excercise bike was likely in place within his room but the question has to be asked overall, if this is a suitable situation for a professional sports person?

Morelos came through a positive covid test earlier this Summer and is now thought to be back at his home.

He did not travel to Sweden with the rest of the Rangers squad for the Champions League qualifier against Malmo on Tuesday evening.

Last week, Steven Gerrard would not set a date for Morelos return, adding:

Alfredo is ready and fit to start training once he is available to return he will rejoin sometime next week so the squad is looking really strong.

As things stand, this weekends clash with Dundee United is likely to come too soon for El Bufalo but he could be in contenton for a place in the squad for the return leg against Malmo.

See the original post:

Surreal scene as Morelos is filmed running around hotel car park - Vitalfootball

With the NHL draft lottery just a few days away, I thought it would be a fun excercise to take a look at who the Calgary Flames might consider drafting if they get extremely lucky and get themselves a Top 2 pick at this years draft. The lottery will be held on Wednesday June 2 and the Flames will come in with the 13th best odds. This means their chances of winning the lottery will be very slim, with just a 2.2% chance of the #1 overall pick, and a 4.6% chance of a Top 2 pick.

However, for the sake of content, lets say the Flames win a Top 2 pick. What would they do? This years draft class is a little bit different than other years in that there really isnt a consensus number one pick available, and surely isnt really a consensus number 2 either as a result. This would leave a lot of options for the Flames should they win a top pick.

I guess the biggest question we would want to answer first is what the Flames currently have for holes both at the NHL level and in the system. With recent first round picks Jakob Pelletier and Connor Zary in the forward system, it appears that the Flames would be wise looking at defence with the #1 pick.

After not selecting a defenseman since the first round of 2017 (Juuso Valimaki), the Flames chose four last year, including three consecutive picks in the 2nd and 3rd rounds (Yan Kuznetsov, Jeremie Poirier, Jake Boltmann). With Kuznetsov set to join Stockton next year, hes likely still at least a few years away from really factoring in at the NHL level.

I think its really a simple decision if the Flames get the first pick, and thats to draft Owen Power who has been the closest thing to consensus #1 throughout the year. With the development of Juuso Valimaki and likely departure of Mark Giordano in the near future, adding a LHD could really supplement the team well in the present and future.

I have watched Power at the World Championships over the last few weeks and have really been impressed with his play as hes earned more time in the lineup for Canada. I think it would make the most sense to add to the defensive core should the Flames have the top pick.

If the Flames end up with the 2nd overall pick, I think the answer on who they would draft is a lot more debatable. This years draft features a number of players who could climb to the #2 spot or fall back as the gap between each is fairly minimal.

I think it has become apparent that the Flames could use some help at the center position should they not make a blockbuster trade. Out of the available players, I think someone like William Eklund could be a good fit for the team. He is currently the top ranked European skater by Central Scouting and had a solid season playing in the SHL as an 18 year old.

Eklund is a very well rounded player both offensively and defensively with the ability to play both Center and Wing positions as needed. Even if hes not quite NHL ready this year, he would be a great piece to have in the system for a season.

Matthew Beniers is another center who has been projected to go as high as #2 in some mock drafts. He fell to #6 in the rankings among North American skaters but projects as a player who could be in the NHL as soon as this upcoming season.

If the Flames decide to stick with defense with the pick, adding Luke Hughes so they could have a Hughes brother would be a strong pick as well, although maybe a touch high for the #2 spot. Out of all the players mentioned, I would lean towards Eklund, but I could be swayed to any side really.

One thing that winning a lottery and getting a top 2 pick also does is provide the Flames with a ton of extra and unexpected trade value. If the Flames pick suddenly becomes Top 2, could they use it to entice Buffalo for a Jack Eichel trade?

I feel like Eichel is probably the only player worth trading a pick this high for, but it would certainly be an intriguing possibility especially if Buffalo wins the other lottery and can select 1-2 this year. Another option would be trading back as well and picking up some picks for later in this draft or next year. BT showed his mastery of that last year when he picked up a pair of 3rds and still got the player they wanted in Connor Zary.

Of course all of this probably wont matter with the Flames holding just a 4.6% chance of a top pick, but its fun to see what could happen. What will actually happen Im sure though is the team with the 12th best odds winning a lottery and the Flames missing out because they won an actual game against Vancouver. That would maximize the misery, and thats just what happens when youre a fan of the Flames. The lottery goes Wednesday night at 5:00 PM MT.

See the article here:

Who Would the Flames Pick if they Win the Draft Lottery? - Matchsticks and Gasoline

Baseball BC president Chris Balison stopped by McArthur Island on Wednesday (May 26) to catch a glimpse of return-to-play exuberance.

For the first time in nearly two years, Kamloops Minor Baseball Association house league teams are playing games, with the pandemics grip loosening across the province.

The sheer joy and excitement, it was unbelievable, said Balison, the KMBA past-president who spoke for the organization on Thursday. Its exactly whats meant to occur at McArthur Island. Theyve been waiting a long time.

Step 1 of B.C.s restart plan began on May 25 and allows for local outdoor games and practices for both adult and youth teams. Indoor low intensity group exercise is allowed, with limited capacity.

Contact play, thats great, we can start getting into games, said Ciaran McMahon, technical director for the Kamloops Youth Soccer Association. Its starting to look like a normal season.

The general tone from local sports organizations contacted on Thursday was positive, but confusion, which has come to be expected during COVID-19 transitional stages, is accompanying Step 1.

Both the KMBA and KYSA are waiting for clarification on the definition of local, as the provinces restart plan can be interpreted to allow for more leeway than what is currently sanctioned under viaSport guidelines, which is games between teams from the same association.

ViaSport is the government agency that has been establishing return-to-play protocol throughout the pandemic.

Within KYSA, we havent had updates from viaSport or BC Soccer, McMahon said. Its mildly frustrating, but theyre not getting heads up from the provincial government. We have to define what local is within your zone.

For now, the KYSAs community-program teams can play each other. Select teams are limited to intrasquad matches, unable to travel to Kelowna, Penticton, Salmon Arm or Vernon.

The KYSAs current season wraps up at the end of June.

We want to offer more, McMahon said. Three or four weeks of games beats one or two weeks. Were hoping for clarification sooner than later.

KMBA rep teams are also awaiting clarification.

Until viaSport tells us exactly what we can do in terms of travel for sport, were in a holding pattern, Balison said, noting the current KMBA season wraps up near the end of June.

Clearly, these kids see everyone else playing on the fields and want to play themselves. These are athletes that play at the highest level for their age and theyre itching to play, anxiously waiting.

At the university sports level, TRU WolfPack athletics director Curtis Atkinson is thrilled with the return-to-play timeline.

Canada West recently established schedules and pushed back starting dates. Soccer season, traditionally the first TRU team-sport varsity campaign to begin, was pushed back to September from August.

The B.C. restart plan calls for a return to normal sport competitions on Sept. 7 at the earliest, with an updated COVID-19 safety plan in place.

It was as good of news as we hoped for, Atkinson said. It lines up perfectly with our season.

Canada West schedules for WolfPack teams in 2021-2022 will not feature out-of-province play during the regular season.

Fewer games will be on the Canada West schedule than in traditional years, both as a cost-cutting measure and to allow for rescheduled contests in off-weeks.

On the professional sports front, Sean Smith, business operations and events supervisor for the City of Kamloops, said the B.C. Lions have confirmed they expect to be in the Tournament Capital in July for training camp.

Farhan Lalji of TSN reported on Wednesday the CFL is aiming to open training camps on July 10.

Smith said the Lions players required to quarantine prior to camp are likely to begin arriving in Kamloops on July 1.

THE SPORTS PLAN

Below are the sports-and-excercise timelines outlined in the B.C. restart plan:

Step 1: Starting May 25

Indoor low intensity group exercise allowed with limited capacity

Outdoor games and practices for both adults and youth group/team sports allowed

No spectators at any indoor or outdoor sport activities

Step 2: Earliest start date June 15

Indoor high intensity group exercise allowed with reduced capacity

Indoor games and practices for both adults and youth group/team sports allowed

No spectators at any indoor sport activities

Outdoor spectators up to 50 allowed

Step 3: Earliest start date July 1

All indoor fitness classes allowed, usual capacity

Limited indoor spectators allowed

Step 4: Earliest start date Sept. 7

Return to normal sport competitions with an updated COVID-19 Safety Plan in place

Increased outdoor and indoor spectators

Original post:

Sports in Kamloops elation, confusion part of B.C. restart plan; Lions aiming to arrive in July - Kamloops This Week

Credit: Woodside National Historic Site

A go-to list of family activities and events in Kitchener Waterloo Region in June.

You can cast a line and reel in that big catch at Ontario Provincial Parks. However, please obey any fishing location restrictions in the park as well as all public health guidelines on group sizes and physical distancing.

Enjoy License Free Fishing on June 19 20, 2021. Fishing regulations and other rules still apply during license-free days and National Park fishing license is required to fish in Canadian National Parks.

What do you get when you bring together 5 esteemed musicians from Canada who also happen to be Eagles aficionados, who revere & feel privileged to perform the timeless music of the Eagles & Don Henley? You get EPIC EAGLES Canadas Definitive Eagles Tribute Band, bringing you back to the golden days of the legendary band the Eagles all the way through to the present. Details

Monday, June 14, 2021 | 8:00 PM

Bingemans Drive-in Amphitheatre, Kitchener at the Camping Resort Entrance

$44.24

Tired of staying at home? Head out for a small walk. Check out some of the green spaces in the Kitchener-Waterloo Region where you can enjoy a walk.

Do not travel to other regions and restrict your travel to nearer to you due to Covid-19.

Join a virtual tour as artist Esmaa Mohamoud and curator Matthew Kyba present the works in To Play in the Face of Certain Defeat. Taking inspiration from the African American writer Ralph Ellison, artist Esmaa Mohamoud explores the ways in which Black bodies at once appearand yet are rendered metaphorically invisiblewithin the spaces they navigate. Details

Various dates

Online

Free

Annual FCLMA Classical, Jazz & World Music Awards Gala.

Ft performances by: Mark Swan Music Quartet Marque W. A. Smith Tony Deluca Anthony Borek Magisterra Soloists Rant Maggie Rant Kings University College Chamber Choir Rachelle Courtney Jazz Vocalist Nevin Campbell Erich Knapp Camila Montefusco Matthew Bermudez Michael Vanhevel And a special performance by the Middlesex-London Health Unit #Allstars. Details

June 6, 2021

Facebook livestream

Presented by Unifor Canada with performances by Lost in Japan, Thunder Queens, Typo & King Cruff, Leanne Mayer, CJ Lee, and Patrick James Clark. Details

June 12, 2021

Facebook livestream

Shop groceries or weekend meals, including meat, produce, dairy, and specialty items from the Farmers Market. Details

Saturdays | 7:00 AM 2:00 PM

300 King St E, Kitchener

Enjoy a taste of Bingemans at home with turkey dinner, southern BBQ or a brunch. Details

Sunday Night Turkey Dinner | June 13, 2021 Fathers Day Southern BBQ | June 20, 2021 Extreme Brunch | June 27, 2021

Pick-up at Bingemans Commisary Kitchen, 40 Shirley Avenue

$44 $56; Add-ons available

View original work in print from members of the printmaking community at this Annual Juried Exhibition. Details

May 1 June 4, 2021

Online

Cycling is a great way to excercise and also to explore new places and well trod plaths. So wheel out your bicycle and check out the bike paths and lanes in your neighbourhood.

Do not travel to other regions and restrict your travel to nearer to you due to Covid-19.

You may like: Top Bicycle Tours to Explore Ontario

June 20th marks the 23rd Annual walk/run for prostate cancer. This signature event is one of Prostate Cancer Foundation BC (PCFBC) largest fundraisers which allows us to continue to promote awareness, assist support groups, and support research. Details

Sunday, June 20, 2021

Wherever You Are, Canada

Free to $35

On June 27, 2021, join the Brain Tumour Foundation of Canada for live-streamed opening ceremonies and gather a group of family and friends to #EndBrainTumours.

The Brain Tumour Walk Program raises money to fund brain tumour research, support services, trusted information, and advocacy to help brain tumour patients and survivors live longer, better, and with hope. Details

June 27, 2021

Wherever you are

Fundraiser

Spend the day at Laurel Creek Conservation Area. Their 4.5 km groomed and tracked pine forest trail network is ideal for hiking, and bird watching. Details

Daily | 8:00 AM 5:30 PM

Laurel Creek, 625 Westmount Rd. N., Waterloo

Admission fee when an attendant is on duty: $2.65 $6.64; Automatic Gate admission (attendant off duty) $13.27/vehicle

Get to know your city and explore new spaces near you. There are many fabulous birding locations in Ontario to visit,download a bird ID app, and try to name all the birds that you can spot. Details

Only visit places nearer to you due to Covid-19.

Join the Kitchener Market and Chef Rob from the comfort of your own home as we present our virtual cooking class series.

June 2 to 18

Fried Chicken Sandwich | Wednesday, June 2, 2021 | 6:30 PM 7:00 PM Art of Sous Vide Part 1 | Friday, June 11, 2021 | 6:30 PM 7:00 PM One Pan Shrimp and Chorizo Skillet | Wednesday, June 16, 2021 | 6:30 PM 7:00 PM Art of Sous Vide Part 2 | Friday, June 18, 2021 | 6:30 PM 7:00 PM

City of Kitcheners Facebook page

Explore 35 films from Indigenous artists and filmmakers from around the world. Find animated films, documentaries, short films, feature lengths films, and music videos, among others. Details

May 31 June 7, 2021

Online

$25

Enjoy a day out with family or bubble friends at Victoria Park! Pack a picnic with goodies and treats from your favourite restaurant and enjoy the beautiful surroundings. Enjoy a family time or just spend the day relaxing with a book from the Waterloo Public Library.

Learn more about this historic part of town with the free self-guided walking tour available from the city of Kitchener.

Join the Kitchener Market for a private virtual cooking class complete with ingredients, with Chef Rob and TWB Brewing in the comfort of your own home!

June 9 to 26, 2021

Pasta Family Meal | Wednesday, June 9, 2021 | 6:30 PM 8:30 PM Date Night with Chef Rob | Saturday, June 12, 2021 | 6:30 PM 8:30 PM Summer Solstice with Chef Rob | Monday, June 21, 2021 | 6:30 PM 8:30 PM Date Night with Chef Rob | Saturday, June 26, 2021 | 6:30 PM 8:30 PM

City of Kitcheners Facebook page

Virtual Kids in The Kitchen is an online version of our popular cooking classes that can be enjoyed by the whole family, right in your own home. Chef Nicole welcomes you into her kitchen every Saturday to make wonderful dishes. Details

Saturdays, June 5, 12, 19, 26, 2021 | 10:00 AM 11:00 AM

City of Kitcheners Facebook page

You might like: Chef D Tours the Farmers Market on Thursday, June 3, 2021 | 6:30 PM 7:30 PM

Enjoy a virtual tour of Resolution: A Century of Photographic Art with narration by curator Cassandra Getty. This exhibition has something for everyone including Micheal Lambeths early social realism, Suzy Lakes feminist portraits, the Indigenous voices of Shelley Niro and Greg Staats, and Osheen Harruthoonyans fantasy photographs. Details

Ontario provincial parks are open to visitors. Be it to enjoy a walk or just relax in the outdoors, fish or enjoy boating, provincial parks are great places to spend your time.

Did you know that Ontario Provincial Parks are Free to Visit Four Days a Week this Summer. You can also get permits in advance.

You can now visit Ontario parks for free by borrowing day-use permits from participating Ontario libraries.

Explore the manygeocaches located throughout the city. If you though geocaching is challenging, try geocaching in winter! This family-friendly activity uses a mobile app or a GPS device. Check out the trails where you can enjoy Geocaching Trails.

All outdoor courts and recreational areas like Baseball diamonds, Batting cages, Soccer, football and sports fields, tennis, platform tennis, table tennis and pickleball courts, basketball courts, BMX parks, skate parks, cycling tracks and bike trails, horse riding facilities, shooting ranges, including those operated by rod and gun clubs, playgrounds, portions of parks or recreational areas containing outdoor fitness equipment, arche1y ranges, lawn game courts, including lawn bowling, bocce and croquet courts are open.

Waterloo Park is open daily to enjoy. Have a picnic or enjoy a quiet walk. Do maintain physical distancing. Details

Daily | 6:00 AM 11:00 PM

Waterloo Park, 50 Young Street West, Waterloo Free vehicle parking is available from the Young Street West and Westmount Road North entrances to the park. Follow roads into the park and watch for signage. There is also free three-hour street parking along Father David Bauer Drive.

Come meet Chef Rob at the Kitchener Market to pick up a special Fathers Day BBQ Kit! This deluxe kit has everything you need for a BBQ dinner at home while supporting local KW businesses! Each kit includes steaks & chops from Charles Quality Meats, charcuterie supplies from Finest Meats and Sausage, Seafood from Caudles Catch, Bast Cheese, and Mickey McGuires Cheese, salads from Almadina Cuisine and Naranj Blossom, grilling potatoes from Gmach Gardens, mushrooms from Shrooms, and a fathers day beer and gift pack from TWB Brewing. Each kit has ingredients for a family of four to cook together. Details

Pick up on Saturday, June 19 | between 11:00 AM 1:00 PM

Marketplace on the upper level of the Kitchener Market, 300 King St E, Kitchener

$125; Registration is limited.

Get creative this weekend with virtual paint nite. Browse through the many pictures, select the one that strikes your fancy, get your supplies and start! Details

Various dates

Online

$15

It is now the time for planning your summer vacation in Ontario. Gather your family and plan what you are going to do this summer.

Plan to go camping either in provincial parks or national parks (reservations open) and plan your Ontario adventure.

For more, see Explore Ontario

Ideas:

Original post:

Things to Do in Kitchener-Waterloo Region in June - To Do Canada

As Oslo and neighboring municipalities impose social lockdown with red level alert after an outbreak of the British variant of the coronavirus, also military activities in the north of the country is affected.

The Barents Observer could earlier in January report about a spike in COVID-19 cases among US Marines arriving for winter training to Setermoen camp in Troms. The American soldiers were, together with other allies and Norwegians, training cold climate snowy warfare. It was all supposed to culminate in the Joint Viking 2021 exercise in the end of February with about 10,000 soldiers.

Norway is facing a very demanding situation. Infection control measures [in the outbreak areas] are the most intrusive since the start of the corona pandemic, said Minister of Defense, Frank Bakke-Jensen. We must avoid the spread of the mutated virus, and after a comprehensive assessment of the situation, we have decided to cancel the allied activities in Troms, the minister said.

No new forces from other countries will travel to northern Norway. Forces that are already in place will make a controlled withdrawal, the defense ministry informs.

The means about 2,900 soldiers will have to pack up and go home. Of those are more than 1,000 from the United States, just under 1,000 from Great Britain, some 600 from the Netherlands and about 200 from Germany.

In total, 3,400 allied soldiers were supposed to come to Joint Viking before start on February 28.

About 45 of the U.S. and British soldiers tested positive for COVID-19 after arrival a month ago and where isolated at the camp in Setermoen. The virus did not spread to others.

Northern Norway have relatively few cases, but the government fears the mutated virus causing lockdown near Oslo could spread to other parts of the country. The same fear has triggered Norways Nordic neighbors, Sweden and Finland, to close their borders to Norway.

Last winter, the even larger exercise Cold Response was cancelled after 10 days, as the first wave of COVID-19 infections hit Norway. Then, the 15,000 soldiers from Norway and nine allied countries had to put down their weapons and pack up.

Due to the outbreak of the mutated virus, the Armed Forces haveintroduced restrictive measures on personell coming from red zones in South-Eastern Norway. This entails a halt in the drafting of new recruits from these municipalities for the time being, and commuter-travel to and from these zones is suspended for now. All scheduled leaves for Army personell are halted until further notice. To maintain national readiness, there will however, within current strict Covid-19 preventative measures, still be conducted national training and excercise-activity in the Troms region.

Continue reading here:

Norway cancels allied exercise over COVID-19 safety concerns - The Independent Barents Observer

On Tuesday January 26, Rwanda recorded 574 new cases of Covid-19, by far the highest number the country has ever registered in a single day.

The infections were detected from over 10,400 tests carried out in different parts of the country, with special focus on Kigali where the Ministry of Health is currently undertaking a random screening campaign at grassroot levels.

The number of tests carried out in a single day was yet another record.

The tests were part of an excercise that kicked off on January 23, and it targets to test 125 people in each of the 161 cells that constitute Kigali.

A staggering portion of Tuesday's new cases was detected in Kigali as the city continues to take the lead in infections, despite being on lockdown for a week now.

Kigali alone registered 440 on Tuesday. It was followed by Gicumbi with 16, Gakenke with 11, Ngoma with 10, Kirehe with 10, Gatsibo with 10, and Muhanga with 9.

Gisagara had 8, Kamonyi had 8, Rwamagana had 8 too, Kayonza had 7, Karongi had 6, Nyanza had 5, Huye had 5, and Rusizi had 5 too.

The rest of the cases were registered in Ruhango district which had 4, Nyagatare also with 4, Musanze with 3, Nyamagabe with 2, Rubavu with 2, and Rulindo with 1.

The total number of confirmed cases in the country is now 13,885. Of these, 8,861 have recovered, while 4,843 are the active cases.

The total number of Covid-19 related deaths in trecoe country is 181. On Tuesday, 2 more people were reported to have died in relation to the virus.

hkuteesa@newtimesrwanda.com

Originally posted here:

Rwanda registers yet another record number of new Covid cases in a day - The New Times

NBA Legend Shaquille ONeal talks about Lakers legacy and Clippers future, especially concerning Paul George.

On The Big Podcast with Shaq, Shaquille ONeal talks about a lot this episode. A conversation was initiated about whether LeBron would return to Cleveland again, and was laughed off immediately.

Then Shaq and guests went on to talk about what would it take for the current Lakers squad to solidify their legacy. They came to the conclusion that the Lakers need a 3-peat to be called a legacy.

Also Read: Lakers star LeBron James still best in the world, NBA 2k ratings say so

While talking about championships, they went to talk about the Clippers and how they signed Tyronn Lue as their new head coach. The co-host calls the Clippers a rudderless ship and Shaq weighs in too. According to Shaq, if the Clippers want to get better, they need to get rid of someone.

According to Shaq, the Clippers need to break the Kawhi-PG duo in Los Angeles. While it looks good on paper, it doesnt allow Kawhi to officially step up as the leader. Shaq needs Kawhi to be the man.

With Paul George, he feels the Clippers have a guy who thinks hes the man, a guy whos actually the man, and a guy coming off the bench(Lou Williams) thinking hes the man.

Paul George has been subjected to some heavy criticism this season, especially because of his playoff performances. The Clippers faithful echo what Shaq is saying in terms of how Paul George needs to step back and let Kawhi Leonard be the man.

However, that does not seem to be the case, as per all the locker room distress reports and hence trading PG13 could be an option they could excercise.

On the podcast Shaq conceded that Clippers needed to get rid of someone post Doc Rivers firing

[The Clippers] gotta get rid of someone. Shaq said

Other people on the show wanted Shaq to get rip the band-aid off and reveal the name of the player he wants traded.

Cmon, bro. Shaq smirked.

The co-host asked, Pandemic P? They aint gonna get rid of him, they gave up the farm for him.

Well, guess what? They gave up the farm, but we can change some crops on that mug. Shaq concluded.

Also Read: Dont date NBA Players: Shaquille ONeal to his daughters

Shaq goes on to say that the Clippers can trade Paul George for 2 good players, which would help the Clippers in the longer run.

What Shaquille ONeal says isnt totally off the mark here, but I believe the decision would end up going to Kawhi to decide what PGs fate would be. Whatever the case, everyone expects to see Kawhi Leonard step up and be the Alpha in the Clippers next season.

Read this article:

'Clippers need to trade Paul George; he thinks he is the man': Shaquille O'Neal on why Kawhi Leonard... - The Sportsrush

Robotics, AI (artificial intelligence) and VR (virtual reality) three buzzwords that have often been difficult for investors to wrap their heads around.

But like other sectors, the COVID-19 pandemic has been an accelerant for change in the use of robotics and machine learning.

A cohort of robotics and AI stocks are looking to capitalise with a partnership approach to established industries such as ecommerce and healthcare where demand has surged.

A good recent example of that is Vection Technologies (ASX:VR1), the only VR-focused company among ASX small caps.

The stock chalked up a 10x return this year amid a positive run of news flow through early October.

And speaking with Stockhead, chief operating officer Gianmarco Orgnoni said its key near-term focus is on deploying VR tech to assist hospitals in Europe combat the pandemic.

In terms of key drivers, we see healthcare as a very strong opportunity, Orgnoni said.

Especially with the Covid-19 situation in Europe. Hospitals and health departments are looking for solutions that enable them to continue to operate, while avoiding contact as much as possible between patients and doctors.

The company has commenced its first trial at Moscati hospital in southern Italy, for a wearable AR (augmented reality) device that allows surgeons to incorporate data from endoscopic equipment into their field of view.

Our strategic goal is to become the first accredited solution for the introduction of augmented reality, Orgnoni said.

In our view thats a very strong opportunity. Were currently in talks with multiple parties in the healthcare sector, and that will be one of our key drivers over the next six months.

Closer to home, Stockhead also took the opportunity to catch up with James Hemmings, Vice President of Perth-based advanced robotics company Stealth Technologies.

A subsidiary of listed research company Strategic Elements (ASX:SOR), Stealth has caught the markets attention with the development of its patented Autonomous Security Vehicle (ASV), in partnership with NYSE-listed engineering conglomerate Honeywell.

Earlier this month, the two companies successfully passed User Acceptance Testing (UAT) with the WA Department of Justice for the deployment of the ASV at Eastern Goldfields correctional facility.

Hemmings explained that the technology has been initially developed for two perimeter security use cases autonomous patrol and surveillance of a property perimeter, and automated testing of perimeter intrusion detection systems, performed by the ASVs onboard robotics.

If you look at how that work is traditionally done, patrol and surveillance is largely done manually via human labour, Hemmings said.

First that labour cost can be quite expensive. And second, you can find yourself with surveillance blind spots if the level of accuracy isnt where it should be, because of the mundane and highly repetitive nature of this work.

So that use case really lent itself to a robotics and automation solution in form of the ASV. For starters it has onboard technology capabilities which are far superior to that of a human security guard, in terms of video surveillance and sensor monitoring.

Additionally weve built the ASV from the ground up to operate, day and night in outdoor environments that are often subjected to variable and harsh weather conditions. And with its start of the art battery systems the ASV can operate continuously for hours at a time.

For sectors such as robotics and AI, the level of advanced innovation involved means identifying the next multi-bagger investment is a particularly tricky excercise.

And in that context, Stockhead got some interesting insights from Richard Lightbound, the London-based CEO of EMEA and Asia for ROBO Global.

Established in 2013, ROBO Global built the first global benchmark index series to track robotics & AI companies.

The indices are now used as a platform for exchange traded funds, such as the NYSE-listed Robo Global Robotics and Automation ETF.

We like the world of indexing for disruptive innovation because it brings a lot of structure, Lightbound said.

We can see robotics and automation is a multi-decade growth and return opportunity. But in the short term it can be difficult to pick winners. So weve created a platform that gives investors a broadly diversified basket of exposure.

ROBO Globals advisory panel includes industry luminaries such as Daniella Rus, director of the Computer Science and Artificial Intelligence Laboratory at MIT (the home of AI, Lightbound said.)

The companys robotics index is comprised of over 80 stocks across 12 sub-sectors in 14 countries.

We evaluate companies based on metrics such as revenue maturity, market leadership, and quality of the management team, Lightbound said.

We also factor in our ESG policy and a liquidity filter. That process gives us a score, and highest scoring companies go into the strategy.

Over a five year period, Lightbound said the index had posted an average return of 16.9 per cent.

So its been doing exactly what it was designed to do, which is outperform the global market and give investors something new.

Turning back to the ASX, both of the companies we spoke to also highlighted the commercial application of their technology across multiple sectors.

For Stealth, the broader strategic focus is to make inroads in the critical infrastructure market sectors where perimeter security is of particular importance.

What were seeing is very much an emerging theme from governments globally certainly in Australia and the US around proactive steps to strengthen and protect critical infrastructure, he said.

Amid that backdrop, Stealth has also flagged opportunities across utilities, transport, energy, communications and defence.

Our market research suggests all these sectors have some common attributes around maintaining high levels of perimeter security. So theyre all sectors were looking to test the ASV and validate market sector fit, Hemmings said.

In a recent report, industry research group Data Intelo said the global perimeter security market is projected to grow at a compound annual rate of 12 per cent over the next six years, reaching $US282.6bn in size by 2026.

Thats encompassing patrol and surveillance, and testing of perimeter intrusion detection systems, Hemmings said.

So through robotics and automation, were looking to really disrupt that and offer a higher quality solution, that generates a strong positive ROI for customers.

Hemmings said Stealths initial strategy is to deploy the technology with Honeywell across the Government correctional facility sector in Australia and then build upon this with entry into the US. But the broader market fit goes well beyond this.

For Orgnoni at VR1, the goal is to execute Vections operational strategy in an environment where the take-up of VR and AR has accelerated.

I think every investor is understanding that VR and AR are technologies that are becoming a must-have, not a nice-to-have for companies, he said.

He added that 5G will play a massive role in the rollout of VR solutions, by allowing for the effective deployment of heavy data across multiple devices.

From the investor standpoint particularly in the second half of this year weve received a lot of interest because people are understanding this tech isnt just a gimmick, Orgnoni said.

Thats why I firmly believe 2021 will really be the year this kind of technology will be deployed on a larger scale.

Get the latest Stockhead news delivered free to your inbox.

It's free. Unsubscribe whenever your want.

See original here:

The ASX robotics stocks looking to capitalise on the rise of the machines - Stockhead