SYDNEY: Simavita Limited, a leading developer of smart, wearable and disposable platform technologies for the USD64 billion global diaper industry has received CE Mark approval for Smartz. Smartz now meets those standards which enable the technology to be sold throughout the European Economic Area. “Achieving CE Mark enables Simavita to commercialise our disruptive technology for…
Nine months 2019 results show 13% underwriting income increase for U.S. P/C industry
OLDWICK: The U.S. property/casualty (P/C) industry’s net underwriting income improved in the first nine months of 2019 by 13% compared with the same prior-year period to $4.5 billion, as growth in net earned premiums offset year-over-year increases in incurred losses and loss adjustment expenses, underwriting expenses and policyholder dividends. This financial review is detailed in…
Reon Energy completes 10 MW solar project for Eni
KARACHI: Reon Energy Limited has announced the completion of the 10 MW captive solar power project for Eni, through its’ subsidiary Eni New Energy Pakistan, at Bhit, Sindh. The solar photovoltaic plant will free up the gas used in self-generation whilst optimizing operational costs. The 10 MW plant is expected to produce approximately 20 GWh…
Brooks Macdonald to acquire Cornelian Asset Managers for £39 million
LONDON, UK: Brooks Macdonald Group has entered into a binding agreement to acquire 100% of the issued share capital of Cornelian Asset Managers Group Limited, the Edinburgh based independent wealth and asset manager from its shareholders, including senior management. The total net consideration is expected to be up to £39 million, with initial consideration being…
Genex executes Mou with J-Power for Kidston Pumped Storage Hydro Project
SYDNEY: Genex Power Limited has signed a new Memorandum of Understanding (MOU) with Electric Power Development Co Ltd trading as J-POWER. The MOU provides that the parties will work together using their best endeavours to negotiate a transaction for the Kidston Pumped Storage Hydro Project (K2-HydroorProject) for J-POWER to acquire direct or indirect equity in…
Abacus Property to acquire 99 Walker Street for $311.3mn
SYDNEY, AUSTRALIA: Abacus Property Group has exchanged contracts for the acquisition of 99 Walker Street, North Sydney NSW, with settlement anticipated, subject only to FIRB approval, by calendar year end. Total consideration for the acquisition is $311.3 million, excluding transaction costs and reflects circa $16,100 per square metre of net lettable area (NLA). The property…
Live Company expands Nickelodeon partnership to international markets
LONDON: Live Company Group has reached an agreement for the expansion of the territories in which it can produce and exhibit themed tours associated with the Nickelodeon brand, including Nick Jr. as well as an update in respect of the Group’s BRICKLIVE Zoo programme. On 12 June 2019, the Company announced it had secured a…
Music technology company Jaxsta launches Jaxsta Pro
SYDNEY, AUSTRALIA: Music technology company Jaxsta has announced the launch of Jaxsta Pro (beta version), its paid business-to-business subscription-based service targeting music industry professionals. Jaxsta’s CEO and Co-Founder, Jacqui Louez Schoorl, said that the launch was a significant commercial milestone as the beta version of Jaxsta Pro is expected to generate the first revenues for…
Reverse circulation and diamond drilling program at Diamba Sud commences
SYDNEY, AUSTRALIA: Chesser Resources Limited has commenced Diamond Drilling and RC drilling at Area A and Area D within the Northern Arc discovery area. “We are delighted to have recommenced drilling at our Northern Arc discovery so early in the field season. The diamond drilling will assist us in improving our understanding of the controls…
Kin and Carta acquires Spire Digital for $14.8 million
LONDON: Kin and Carta plc has announced the acquisition of Spire Digital, Inc., a private US-based digital transformation (DX) consulting firm for a cash consideration of $14.8 million. The acquisition supports Kin + Carta’s stated ambition to grow both organically and through strategic acquisitions that complement its client offering and expand its geographic reach. It…
Calix Limited to join $150mn FBR-CRC as a key participant
SYDNEY, AUSTRALIA: Australian technology company Calix Limited will be joining the $150 million Future Battery Industries Co-operative Research Centre (FBI-CRC) after the official opening of its BATMn reactor for advanced battery materials by Senator David Van in Bacchus Marsh, Victoria. Calix has been invited to join the $150 million Future Battery Industries Co-operative Research Centre…
Comet Ridge signs gas processing and transport services agreement with Denison Gas
BRISBANE: Comet Ridge’s Mahalo North Project is a step closer to market after the company signed a non-binding letter of intent with adjacent gas producer and infrastructure owner Denison Gas (Queensland) Pty Ltd to explore possible options, for the provision to Comet Ridge, of gas processing and transport services. The deal will allow discussions for…