SCOTTSDALE: Limelight Network Inc. and its Board of Directors announced that Bob Lyons, previously CEO at Alert Logic, has been named President and CEO and will join the company and the board of directors effective February 1, 2021. Bob Lento, President, CEO and Director since 2012, is retiring. Lyons is a proven technology executive with…
The $628 million dispute between Sui Southern Gas and K-Electric taking further toll on power utility
ISLAMABAD: The over Rs100 billion ($628 million) dispute between Sui Southern Gas Company (SSGC) and K-Electric Limited (KE), which is already deterring acquisition of KE by Shanghai Electric, is going to delay the commissioning of 450MW RLNG based power plant, which could force KE to run the $650 million plants on expensive diesel. SSGC is…
Mercury NZ Limited notifies changes to executive structure
AUCKLAND: Mercury NZ Limited Chief Executive Vince Hawksworth has announced changes to his executive structure as the renewable electricity generator and electricity retailer looks to the future. Mercury will realign its business with seven executive roles reporting to the Chief Executive: three current roles of Chief Financial Officer, Chief Marketing Officer, and General Manager People…
PointsBet obtains approval to go live with online sports betting in Michigan
MELBOURNE: PointsBet Holdings Limited announced its wholly owned subsidiary PointsBet Michigan LLC has been authorised by the Michigan Gaming Control Board (MGCB) to commence online sport betting operations on Friday, 22 January 2021. Michigan will become the sixth operational US state for PointsBet, following successful launches in New Jersey, Iowa, Indiana, Illinois, and Colorado. The…
Downer EDI exits Underground mining services
AUCKLAND: Downer EDI Limited announced that underground mining services at OZ Minerals’ Carrapateena mine will transition from Downer to Byrnecut Australia. The Chief Executive Officer of Downer, Grant Fenn, said the transition was another step in Downer’s strategy to exit its capital-intensive Mining businesses and focus on its Urban Services strategy. “Downer’s exit from Underground…
Pilbara Minerals completes acquisition of Altura Lithium Project following cash payment of $155 million
SYDNEY: Pilbara Minerals Limited has completed the acquisition of the Altura Project, a news release said. Pilbara Minerals has acquired all of the shares in Altura Lithium Operations Pty Ltd (ALO), the entity which owns the Altura Lithium Project, in consideration for an upfront cash payment of $155 million (A$201million). Deferred consideration is also payable…
European patent for VSPC nano-powder production granted
SYDNEY: Lithium Australia NL announced that its subsidiary VSPC Ltd has received European patent for VSPC nano-powder production. The European Patent Office has granted the VSPC patent entitled ‘Method for Producing Fine-Grained particles (EP 1 812 340 B1)’. This technology is relevant to advanced nano-structured materials used in a wide variety of existing and emerging…
Ascential Plc announces sale of Groundsure for £170 million
LONDON: Ascential plc has sold Groundsure, a brand within its Built Environment & Policy segment, to a subsidiary of ATI Global Limited, the global legal technology, software and information services group. The purchase price of £170 million comprises an initial cash consideration of £140 million (subject to customary closing adjustments) plus a £30 million interest-bearing…
Grieg Seafood enters JV for post-smolt and land-based salmon farming
OSLO: Grieg Seafood has entered into joint venture for post-smolt and land-based salmon farming, a news release said. The joint venture Årdal Aqua will produce at least 3 000 tonnes of post-smolt annually and grow fish all the way to harvest size in a new land-based facility in Rogaland in Southern Norway. Grieg Seafood owns…
Everfuel signs green hydrogen distribution contract with Ørsted
HERNING: Everfuel A/S has signed a contract with Ørsted for the offtake and distribution of green hydrogen to zero emission mobility, produced at the H2RES demonstration project on Avedøre Holme in Copenhagen, Denmark. The contract was signed as Ørsted announced its final investment decision for the H2RES project’s electrolyser facility, which will be the company’s…
Supply@ME’s Shariah Compliant platform officially approved
LONDON: Supply@ME Capital plc (SYME) announced that the authorisation process for SYME’s Shariah compliant Inventory Monetisation Platform has been successfully completed. Following the announcement of 3 November 2020, the Company, with the support of the Shariah Funding Specialist and iMASS, has received the following communication: “An official pronouncement has been released by Sheikh Dr. Mohamed…
Tekmar Energy secures major contract for offshore wind project
LONDON: Tekmar Group, a leading provider of technology and services for the global offshore energy markets, announced that Tekmar Energy Limited has secured a significant contract to supply its products to protect subsea cables on a major operational offshore wind farm project. The contract includes work for Tekmar Energy’s sister companies Subsea Innovation and AgileTek…