Elbit Systems Ltd. has been awarded a lucrative contract to enhance the firepower of General Dynamics European Land Systems’ armored vehicles. The $53 million agreement entails equipping the Pandur 6×6 APC wheeled armored vehicles with the state-of-the-art Crossbow Mortar Systems (Unmanned Turreted 120mm Soft Recoil Mortar Systems). The deal, which extends over a six-year period,…
EDXM Global launches innovative settlement platform in Singapore
SINGAPORE: EDXM Global (EDXMG), a pioneering digital asset company catering to institutional clients, has officially announced the debut of its state-of-the-art settlement platform. This groundbreaking development introduces a new era in the digital asset domain, offering unparalleled efficiency and reliability in over-the-counter (OTC) transaction settlements. In a landmark event, industry powerhouses GSR and Virtu Financial…
SentinelOne elevates cybersecurity with AI-driven Singularity Platform
SentinelOne revealed new features for its Singularity Platform, marking a significant advancement in cybersecurity operations. The platform’s latest capabilities are set to democratize high-level security operations, making them accessible to organizations of all sizes. Tomer Weingarten, CEO of SentinelOne, envisions a future where security solutions preemptively tackle threats, shifting from a reactive to a predictive…
Vår Energi sells Norne area assets and increases stake in Ringhorne East
SANDNES, NORWAY: Vår Energi ASA (OSE: VAR) agrees the sale of its Norne area assets to DNO Norge AS for a fixed after-tax consideration of USD 51 million, and DNO Norge AS will transfer to Vår Energi their stake in the Ringhorne East unit. The transaction with DNO is in line with Vår Energi’s stated…
Mobile Tornado secures major contract with Middle Eastern and African MNO
LONDON: Mobile Tornado, a pioneer in push-to-talk over cellular (PTToC) and workforce management solutions, has announced a landmark contract with a leading mobile network operator (MNO) in the Middle East and Africa. This partnership is set to introduce a suite of advanced technologies to the MNO’s service offerings. The MNO, which boasts a customer base…
Block Energy and Rustavi Azot embark on pioneering carbon capture project in Georgia
LONDON: Block Energy plc, a prominent player in the development and production sector in Georgia, has joined forces with JSC Rustavi Azot, a subsidiary of the esteemed Indorama Corporation Pte Ltd. The collaboration is set to explore the potential of a Carbon Capture and Storage (CCS) project within the prolific Patardzeuli-Samgori Middle Eocene reservoir. The…
Pathfinder Minerals announces strategic acquisition of Rome Resources Ltd
LONDON: Pathfinder Minerals PLC (AIM: PFP) has declared its conditional agreement to acquire Rome Resources Ltd. This transaction, announced on May 7, 2024, follows Pathfinder’s initial statement made on November 29, 2023. The acquisition process, termed as the “Arrangement,” is set to be executed through a court-sanctioned plan of arrangement in accordance with the British…
Lawrence Hutchings to be appointed CEO of Workspace Group Plc
LONDON: Workspace Group PLC, London’s leading owner and operator of sustainable, flexible work space today announced the appointment of Lawrence Hutchings as its CEO Designate. Lawrence will replace Graham Clemett, who informed the Board in January of his decision to retire from Workspace. Lawrence Hutchings has been Chief Executive Officer at Capital & Regional PLC…
Cadoux Limited acquires 50% Stake in Minhub Operations Pty Ltd
SYDNEY, AUSTRALIA: Cadoux Limited (ASX: CCM) has announced the acquisition of a 50% stake in Minhub Operations Pty Ltd (MOPL), an emerging name in rare earth production. The acquisition, which aligns with the Australian sovereign supply chain objectives, marks the completion of the first stage of a Share Purchase Agreement (SPA) outlined in a previous…
Humanaut Health raises $8.7 million seed investment
AUSTIN, Texas: Humanaut Health has successfully secured an $8.7 million seed investment. The funding round was spearheaded by The Kabech Fund and saw active participation from Midnight Venture Partners, along with the company’s founders and other key individual investors. The influx of capital is set to bolster the development of Humanaut Health’s innovative care model,…
Base Power unveils revolutionary home energy service in Texas
AUSTIN, Texas: Base Power has launched a new battery-powered home energy service, promising Texas homeowners a more reliable and cost-effective power supply. Amidst the state’s notorious power outages and soaring electricity prices, Base Power’s service is now available to select homeowners, with an eye on a national rollout. As the first company to offer an…
HSB Canada launches new liability insurance to protect small businesses
Toronto, Canada: HSB Canada, a subsidiary of Munich Re, has announced the launch of its new Employment Practices Liability Insurance, designed to safeguard small businesses against the rising tide of employment-related claims. This innovative coverage arrives at a time when small enterprises face increasing threats from a rapidly evolving social and legal landscape. Terry Smith,…