LONDON, UK: President Energy’s subsidiary Atome has acquired a 75% interest in a Northern European based green hydrogen and ammonia company for nominal share value. Peter Levine, Chairman, commented: “The announcement today further reinforces the determination of President’s subsidiary, Atome, to fulfil its strategic objective to geographically expand its green hydrogen and ammonia portfolio to…
New and alarming findings on the rise of cryptocurrency-related scams
LONDON, UK: : BrandShield Systems, an online threat hunting company specialised in monitoring, detecting, and removing online threats, announced new and alarming findings on the rise of cryptocurrency-related scams, with Dogecoin domain registrations up by more than 700%. The findings come as cryptocurrency has exploded in popularity with retail investors, driving hundreds of billions of…
Kongsberg to supply Norway and Germany with NOK 8.2bn worth of ORCCA combat system and missiles
OSLO, NORWAY: Kongsberg Defence & Aerospace AS has entered into contracts with Norway and Germany to deliver ORCCA combat system elements to the six new 212CD submarines, and the Naval Strike Missile (NSM) to the two nations’ navies, a news release said. “The deliveries will last way into the 2030s and is an important and…
CMA considers launching market investigation into Motorola’s Airwave network
LONDON, UK: The Competition and Markets Authority (CMA) is consulting on whether to launch a market investigation into Motorola’s Airwave network – the mobile radio network used by all emergency services in Great Britain. The move follows concerns expressed about the impact of the dual role of Motorola as the owner of the company providing…
Sonde Health announces collaboration with Qualcomm
BOSTON: Sonde Health will work with Qualcomm Technologies to optimize Sonde’s vocal biomarker technology for use with the flagship and high-tier Qualcomm Snapdragon 888 and 778G 5G Mobile Platforms to help bring native, machine learning-driven vocal biomarker capabilities to mobile and IoT devices globally. The optimization has the potential to unlock several native health screening…
Dutch startup Prestato launches comprehensive business management App
GELEEN, NETHERLANDS: Prestato launched a new app designed to empower small businesses in the Netherlands with daily appointment management, accounts receivable processes and customer communications. The new app has been built in partnership with vcita, the Seattle-headquartered small business management platform, whose APIs and developer tools power much of Prestato’s technology. Prestato is a complete…
Ericsson and Samsung sign global patent license agreement
STOCKHOLM, SWEDEN: Ericsson and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021. Furthermore, Ericsson and Samsung have agreed on technology cooperation projects to advance the mobile industry in open standardization and create…
Meezan Bank and NCCPL collaborate to develop new shariah-compliant products for capital markets
KARACHI: Meezan Bank has collaborated with National Clearing Company of Pakistan Limited (NCCPL) for developing new Shariah-compliant products for the country’s capital market. Through this collaboration, Meezan Bank will extend its support in introducing Murabaha Share Financing System (‘MSF’), a new Shariah-compliant product, implemented by NCCPL, that will help in extending Shariah-compliant stock financing facilities to…
Entain increases investment in exclusive and innovative content
LONDON, UK: Entain Plc, the leading global sports betting and gaming entertainment operator, is doubling investment in its in-house games studios to accelerate and expand its ability to provide customers with new and exclusive products and experiences. Headcount will double to around 300 people across Entain’s three in-house studios in the UK, Italy, and India…
Subsea 7 agrees to combine its renewables business unit with OHT
LUXEMBOURG: Subsea 7 S.A. announced an agreement to combine its Renewables business unit with OHT ASA. The combined company will be renamed Seaway 7 ASA and will initially retain OHT’s listing on Oslo’s Euronext Growth market, with a view to a future listing on Oslo Børs. John Evans, Chief Executive Officer, Subsea 7 said: “This…
GC Rieber sells part of its holding in Shearwater Geoservices for $50.5 million
OSLO, NORWAY: GC Rieber Shipping has agreed to sell shares in Shearwater Geoservices Holding AS reducing its ownership from 17.0% to 8.5%, a news release said. Gross proceeds from the sale will be USD 50.5 million. The sold shares had book value of USD 41.6 million per 31 March 2021. Following the transaction, which is…
RWS Holdings acquires Horn & Uchida Patent Translation for £2.3 million
LONDON, UK: RWS Holdings plc announced that on 7 July 2021 it completed the acquisition of Horn & Uchida Patent Translation Ltd, a specialist in patent translation based in Osaka, Japan for cash consideration of Y349m (£2.3m). Horn & Uchida was founded in 2000 and has built a reputation for high quality services to Japanese…