SYDNEY: Mobilicom Limited has appointed Ofer Laufer as its Chief Operations Officer (COO) as it prepares to further enhance its penetration in the drone and robotics markets. At Friendly Robotics, as COO and OEM Manager, Mr Laufer scaled up the company’s production of its Robomow robotic lawn mowers and grew production and sales by 40…
BidEnergy Limited appoints Rodney Frye as President of Bid USA
SYDNEY: BidEnergy Limited has appointed Rodney Frye as President of Bid USA, and Fionn O’Keeffe as Chief Financial Officer (CFO). Rodney has commenced with the Company this week, and Fionn is scheduled to commence on 23 November 2020. Rodney is an experienced senior executive in the US enterprise software market having been responsible for the…
Buddy Technologies signs $20m loan facility with Partners for Growth
ADELAIDE, AUSTRALIA: Buddy Technologies Limited has executed a binding term sheet with Partners for Growth VI, L.P. (PFG) for the provision of a loan facility of up to US$20 million to refinance debt and fund growth, a news release said. Buddy Technologies, a leader in IoT and cloud-based solutions for making spaces smarter, will use…
Westpac Group selling its 10.7 percent stake in Zip Co Limited
SYDNEY: Westpac Group has announced it will be selling its 10.7% stake in Zip Co Limited by way of a fully underwritten book build to institutional investors domiciled in Australia and other relevant jurisdictions. The offer price for the shares is $6.65 per share, which equates to a discount of 6.07% to Zip’s last closing…
Guild Esports signs team for Valorant
LONDON: Guild Esports, a UK-based owner and developer of esports teams, announced the creation of its third professional team with the signing of a top-tier squad competing in Valorant, a major new 5v5 multiplayer tactical shooter game launched by Riot Games in June this year. This is the first new team signing by the Company…
Spectra executes comprehensive services contract with a central bank
LONDON: Spectra Systems Corporation has executed a comprehensive services contract with a central bank for the development, manufacture and servicing of a sensor system for this customer. Spectra Systems is a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software. The contract includes $1.9 million to initiate Phase 1 development…
Mode Global Holdings adopts Bitcoin as treasury reserve asset
LONDON: Mode Global Holdings has allocated up to ten percent (10%) of its cash reserves to purchase Bitcoin and adopt it as a treasury reserve asset. The move is part of Mode’s long-term goal to protect investors’ assets from currency debasement. With UK interest rates at a record low of 0.1%, Mode is also seeking…
PayPoint announces the sale of its Romanian business for £47 million
LONDON: PayPoint Plc has signed an agreement to sell its Romanian business, PayPoint Services SRL and PayZone SA (PayPoint Romania), to Innova Capital, a news release said. The cash consideration is expected to be circa £47 million based on current exchange rates on a debt free cash free basis, subject to a net working capital…
Seeing Machines signs MOU with L3Harris Technologies to enhance pilot training technology
LONDON: Seeing Machines Limited, the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has signed a non-binding Memorandum of Understanding (MOU) with global aerospace and defence technology company, L3Harris Technologies. The MOU frames the intent to enter into a global non-exclusive license agreement to collaborate to enhance pilot…
BreathTech and Cleveland Clinic partner to develop a rapid COVID-19 breath test
AUSTIN: Astrotech Corporation’s subsidiary, BreathTech Corporation has signed a joint development agreement (JDA) with Cleveland Clinic to explore leveraging Astrotech’s BreathTest-1000 mass spectrometer to rapidly screen for COVID-19 or related indicators. The goal of the agreement is to develop a non-invasive device that will use breath samples to identify COVID-19 strains, with the potential to…
Electrochaea GmbH all set to launch clean renewable methane technology in North America
SACRAMENTO: Electrochaea GmbH has established a Sacramento-based U.S. subsidiary, Electrochaea Corporation, to accelerate the commercial roll-out of its renewable methane technology in North America. The company offers a climate-friendly solution to store renewable electricity and recycle CO2 in the form of renewable methane. This technology is a major advancement toward the critical goal of transitioning…
FCPT buys an Olive Garden Property for $2.9 million
MILL VALLEY: Four Corners Property Trust (FCPT), announced that it has bought an Olive Garden property for $2.9 million. The property is located within a strong retail corridor in South Carolina and is occupied under a triple-net lease to Darden Restaurants with six years of term remaining. The transaction was priced at a 6.2% cap…