SINGAPORE: Silverlake Axis Ltd has secured contracts to deliver innovative and transformative digital innovation enhancement solutions to 15 of its existing customers and one extended maintenance support contract during the third quarter ended 31 March 2020. The contracts are signed with 2 leading banks in Singapore, 6 large Malaysian banks, 3 banks in Indonesia, a…
Huawei opposes amendments made by the US Department of Commerce to its foreign direct product rule
NEW YORK: “Huawei categorically opposes the amendments made by the US Department of Commerce to its foreign direct product rule that target Huawei specifically”. This statement was issued officially by Huawei today. The statement further highlighted that the US government added Huawei to the Entity List on May 16, 2019 without justification. Since that time,…
Kongsberg Digital signs agreement for real-time software services worth $25 million
OSLO: Kongsberg Digital has signed a $25 million agreement for the delivery of real-time data aggregation and visualization software and various domain specific services for a major energy company. The agreement includes an upside potential of up to $5 million over the next five years, should the customer decide to expand delivery to all installations….
OPPO and Vodafone partner to bring OPPO products to Vodafone’s European markets
SHENZHEN: OPPO and Vodafone have announced a comprehensive partnership agreement that will bring a broad range of OPPO’s smartphones to Vodafone’s European markets starting from May 2020. As a leading smartphone brand with an innovative product portfolio, advanced 5G technology know-how, and annual handset shipments of more than 100 million, OPPO is a natural partner…
Directa Plus wins Technology Innovation Award from Frost & Sullivan
LONDON: Directa Plus Plc has received a Technology Innovation Award 2020 from global consultants Frost & Sullivan for its graphene based Grafysorber technology for treating waters and sludges contaminated by hydrocarbons. Directa Plus is a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets. In the report, ‘Graphene…
Vuuzle Media Corp announces Swedish merger, moves headquarters to Sweden
LONDON: Vuuzle TV is a premium streaming service that offers live video content, such as hit television shows, news, sports and feature-length movies. Vuuzle Media Corp (VMC) is the owner of Vuuzle TV and is an enterprise-level OTT platform. VMC is registered with the US Securities and Exchange Commission and incorporated in the state of…
Bevespi Aerosphere approved in China for patients with COPD
LONDON: AstraZeneca’s Bevespi Aerosphere (glycopyrronium/formoterol fumarate) has been approved in China as a maintenance treatment to relieve symptoms in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and/or emphysema. The approval by the National Medical Products Administration (NMPA) was based on positive results from the Phase III PINNACLE 4 trial in which Bevespi…
Total discontinues the acquisition of Occidental Petroleum’s assets in Ghana
PARIS: In August 2019, Total and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The PSA provided that the sale of the Ghana…
Total becomes one of the leading electricity and gas suppliers in Spain
PARIS, FRANCE: Total S.A strengthens its positions in generation and supply of electricity and gas in Spain through the acquisition of the Energías de Portugal’s portfolio of 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts. This transaction in Spain follows Total’s entry…
Oventus Medical signs agreement with Careica Health, Canada
BRISBANE: Obstructive Sleep Apnoea (OSA) treatment innovator, Oventus Medical Ltd has signed an agreement with Careica Health, one of western Canada’s largest privately-owned providers of diagnostics and treatment for obstructive sleep apnoea and home oxygen services. Under the agreement, patients will be referred from Careica’s 26 homecare locations which span the provinces of Manitoba, Saskatchewan,…
Craig International Ballistics gets million dollar contract from Australian Defence Force
SYDNEY: The Federal Government has announced the initial $1 million contract to Craig International Ballistics (CIB) for the Australian Defence Force (ADF) to receive 750 sets of soft armour. The soft armour using world-first body armour technology will provide superior protection, and is significantly lighter than the current soft armour and offers greater comfort for…
Avation Plc notifies Boeing 737 Lease Extension
SINGAPORE: Avation PLC, the commercial passenger aircraft leasing company, has negotiated a six year lease extension on an Asian flag carrier-operated Boeing 737-800 aircraft. The lease extension rent is at a market rate and the expiry date for the lease has been extended from June 2022 to June 2028. Jeff Chatfield, Executive Chairman of Avation,…