SYDNEY: Marine propulsion and gyro stabilization company, VEEM Ltd has successfully constructed the world’s largest and most powerful known gyrostabilizer for delivery to Europe’s second largest ship builder, Damen Shipyards. At 20 metric tonnes, the VG1000 SD easily eclipses the second largest gyro product VEEM produces, the VG260, which is approximately one quarter of the…
Walker Greenbank’s Scion homeware collaborates with NEXT
LONDON: Walker Greenbank, the luxury interior furnishings group, announced that its Scion brand has secured a licensing collaboration with major retailer NEXT, which will see NEXT create and sell an extensive range of homeware, nursery and fashion items. Launching in July this year, the range will be available both online at NEXT.CO.UK and in selected NEXT stores….
Flybe Limited not to operate its planned flight schedule
LONDON: Flybe Limited, a subsidiary within the Connect Airways group of companies, has ceased trading and will no longer be operating its planned flight schedule. Stobart Group, alongside its consortium partners, Virgin Atlantic and Cyrus Capital, are deeply disappointed that Flybe has been unable to secure a viable basis for its continuing operations and has…
SGX welcomes Memiontec Holdings to Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed Memiontec Holdings Ltd. to its Catalist under the stock code “SYM”. Memiontec Holdings Ltd. opened at S$0.225 today. Memiontec Holdings Ltd. is a water treatment company with more than 20 years of experience in the field of water and wastewater management services, with a presence in Singapore, Indonesia and…
Heartland launches digital home loans
AUCKLAND: Heartland Group has launched digital home loans with low 2.89% p.a. 1 year fixed rate. Heartland Home Loans offers New Zealand’s lowest 1-and 2-year fixed term home loan rates (2.89% p.a. 1 year fixed, 2.97% p.a. 2 year fixed), with no set up fees and an online application. Heartland Home Loans customers can apply…
ECS Botanics Hemp Seed Oil is on shelf in Woolworths
SYDNEY: ECS Botanics Holdings Ltd announced its Hemp Seed Oil is now on shelves in Woolworths stores nationally, following the deal signed through its distribution partner Just Foods Australia Pty Ltd (JFA) in November 2019. First cash receipts from JFA, for Woolworths stocked product, are expected during the current quarter. In addition, two varieties of…
TargetEveryone signs a partnership agreement with Binariks
OSLO, NORWAY: TargetEveryone has signed a partnership agreement with American tech company Binariks in order to co-develop Machine Learning algorithms into SpectrumOne. Binariks is Software Development and Consulting Company headquartered in Delaware, USA with development center in Ukraine. Binariks´ strong expertise in Artificial Intelligence and Machine Learning enabled platforms along with TargetEveryone platform capabilities bring…
Nel enters into strategic collaboration agreement with Kvaerner
OSLO: Nel ASA, dedicated hydrogen company, has entered into a strategic collaboration agreement with the global EPC company Kværner AS. The companies will collaborate on specific green hydrogen projects and standardisation of solutions for large scale hydrogen production plants. “We’re happy to enter into this collaboration agreement with Kvaerner, who have extensive experience from large…
Oakley Fund III agrees to acquire a majority stake in Globe-Trotter
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has agreed to acquire a majority stake in Globe-Trotter Group Limited, the British luxury luggage brand, from entrepreneur Toshiyasu Takubo. Takubo, who has developed the brand significantly in the Japanese market, will retain a minority stake in the company. Founded in 1897, Globe-Trotter…
Itaconix announces new collaboration in biodegradable packaging
NEW YORK: Itaconix Plc has signed a joint development agreement with a leading innovator in biodegradable packaging (the Partner). Itaconix develops and produces bio-based specialty ingredients that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling. Under the agreement,…
Abcam extends capabilities with the acquisition of Marker Gene Technologies
LONDON: Abcam Plc, a global innovator in life science reagents and tools, announced the acquisition of the entire issued share capital of Marker Gene Technologies (MGT). Financial terms of the acquisition have not been disclosed and are expected to have a minimal impact on revenue and earnings in the current financial year. Following the recent…
CloudCall launches services in Australia
SYDNEY: CloudCall Group, a software and integrated communications business that has developed and provides a suite of cloud-based software and communications products and services, has announced the launch of its services in Australia, together with the opening of a regional sales office in Sydney as a launchpad for the eventual expansion of operations into the…