OXFORD, UK: Sensyne Health plc, the British clinical AI technology company, has joined Bayer’s LifeHub UK in an extension of its existing collaboration with Bayer to accelerate the development of new treatments using clinical artificial intelligence. Sensyne Health will work in partnership with Bayer on novel projects at the LifeHub UK including its inaugural project…
Frasers Property Australia and Sekisui House Australia sell retail assets
SYDNEY: Frasers Property Australia and Sekisui House Australia, the joint venture partners behind the award-winning A$2 billion Central Park in Sydney CBD, have sold and settled the three final retail assets in the mixed-use community to a consortium comprising Fortius Funds Management and SC Capital Partners Group on behalf of its RECAP V Fund, for…
Tekmar signs agreement to acquire Pipeshield International
LOWESTOFT, UK: Tekmar Group, a market-leading technology provider of subsea protection systems has signed a sale and purchase agreement for the acquisition of Pipeshield International for a consideration of £6.5 million from its founder Steven Howlett. The consideration will be satisfied via £3.0 million in cash and £0.75 million through the issue of 573,833 new…
ProPhotonix Limited gets 5-year supply agreement from a Fortune 50 conglomerate
NEW HAMPSHIRE: ProPhotonix Limited, a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, today announced the award of a five year supply agreement, for custom LED illumination devices and maintenance products, from a Fortune 50 conglomerate. The custom LED illumination devices feature a unique…
IQGeo software selected by a major Japanese power provider
CAMBRIDGE: IQGeo Group plc has announced a new contract with one of Japan’s largest power providers. In September, Eastern Japan was hit by category 4 Typhoon Faxai, which resulted in power failure for over 640,000 homes. This customer worked with IQGeo, and its partner NESIC, to implement its geospatial platform. IQGeo’s mobile-first architecture enabled real…
Innovent and Hutchison China expand global collaboration
SUZHOU, CHINA: Innovent Biologics, Inc. and Hutchison China MediTech Limited announced the expansion of their global collaboration agreement to evaluate the safety and efficacy of Innovent’s Tyvyt® (sintilimab injection), a fully human anti-programmed cell death protein 1 (anti-PD-1) monoclonal antibody, in combination with Chi-Med’s surufatinib, a novel inhibitor of vascular endothelial growth factor receptor (VEGFR),…
Tata Motors’s global wholesales decline 27% in September 2019
MUMBAI: Tata Motors Group global wholesales in September 2019, including Jaguar Land Rover, were 89,912 units lower by 27%, as compared to September 2018. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in September 2019 were at 28,524 units, lower by 45%, over September 2018. Global wholesales of all passenger vehicles…
Deyaar completes Mont Rose project
DUBAI: Deyaar Development PJSC, one of Dubai’s largest property development and real estate services companies, and Millennium Hotels & Resorts, one of the fastest-growing hotel management companies in the region, announced that the project work of Millennium Executive Apartments Mont Rose is now completed and expected to be operational this October. Part of the three-tower…
AM Best affirms ratings of National Teachers Associates Life Insurance Company
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of National Teachers Associates Life Insurance Company and its affiliated entity, NTA Life Insurance Company of New York. Both companies are ultimately owned by Horace Mann Educators Corporation, and are collectively referred to as NTA…
LXi REIT announces acquisitions worth £23 million
LONDON: The Board of Directors of LXi REIT, the specialist inflation-protected long income REIT, announced long-let, index-linked acquisitions for a combined total investment of approximately £23 million. These Acquisitions are being funded by the Company’s new Revolving Credit Facility (RCF), announced on 22 July 2019. The Company is also in solicitors’ hands on additional acquisitions…
Pressure Technologies wins contract to supply nitrogen storage solutions to EDF Energy
LONDON: Pressure Technologies, the specialist engineering group, announced that its wholly owned subsidiary, Sheffield based Chesterfield Special Cylinders Limited (CSC), has secured a significant contract in excess of £3 million to supply nitrogen storage solutions to EDF Energy for its UK nuclear power plants at Heysham, Torness and Hartlepool. This design and supply contract comprises…
Frasers Property announces planned leadership changes for Singapore
SINGAPORE: Frasers Property Limited announced that Christopher Tang, Frasers Property Singapore Chief Executive Officer (CEO), who will turn 60 next year, will retire as CEO on 31 December 2019. The Company also announced a key leadership appointment and evolution of its Singapore business organisation as part of its planned leadership changes to ensure a smooth…