HORSHAM: Ceres Power Holdings, a global leader in fuel cell technology and engineering, announcesd the appointment of Mark Garrett as Chief Operating Officer joining the Executive Management board, effective from 10 August 2020. Mark joins Ceres from Ricardo plc, where he held various positions including Chief Operating Officer and Group Strategy Officer. During his time…
Lloyd’s market set to pay out up to $4.3bn to customers
LONDON: Lloyd’s, the world’s leading (re)insurance market, revealed that it will pay out in the range of $3 billion to $4.3 billion to its global customers as a result of the far-reaching impacts of COVID-19. This is on a par with 9/11 in 2001 and the combined impact of hurricanes Harvey, Irma and Maria in…
HMS Group signs Rub 1.4bn oil & gas equipment contract
MOSCOW: HMS Group has signed Rub 1.4 billion contract to engineer and manufacture skids, vessels and a refrigerant compressor. The oil & gas equipment is to be delivered in 2020-2021 and installed at the client’s facility in southeast Siberia. HMS Group is the leading pump and compressor manufacturer, as well as the provider of flow…
NEXT Biometrics receives initial purchase order from new US partner, Credence ID
OSLO: NEXT Biometrics, a global company in fingerprint sensor technology, has received an initial purchase order for its FAP 20 sensor from Credence ID, a US based leader in global mobile biometrics and credential reading devices. Credence ID chose NEXT Biometric technology as it expands its existing high-end Android product line to now include a…
Atea Sweden wins large new public sector frame agreement
OSLO: Atea Sweden has been awarded a frame agreement from the public sector purchasing agency Statens Inköpscentral Kammarkollegiet. The frame agreement has three parts which cover client devices (PCs, tablets and mobile phones), as well as related services and accessories. Atea has been awarded as a supplier on all three parts of the frame agreement….
Cycladex signs agreement with LatCommodities for the commercialization of its technology
LONDON: Cycladex Ltd has signed an exclusive collaboration agreement with LatCommodities for the commercialization of its technology in Chile and certain other Latin America Countries. LatCommodities is a privately funded Company with a history of mining deals in South America. Cycladex Ltd is the developer of a patented environmentally clean, safe and effective gold recovery…
XPhyto Therapeutics signs agreement for cannabis-infused beverages with Oettinger
VANCOUVER: XPhyto Therapeutics Corp. has signed a standstill agreement and letter of intent for cooperation in the field of development, production, and distribution of new cannabis-infused beverages and products with the renowned German brewery OETTINGER Brauerei GmbH. XPhyto and Oettinger have agreed to pursue the signing of an exclusive definitive agreement in due course, specifically…
Oxford Biomedica receives MHRA approval for the first two manufacturing suites in Oxbox
OXFORD: Oxford Biomedica plc has announced the successful outcome of their recent UK Medicines & Healthcare products Regulatory Agency (MHRA) inspection, resulting in the issue of a Certificate of GMP compliance for the first two GMP manufacturing suites and supporting area such as warehouse, cold chain facilities and QC laboratories, in its new Oxbox manufacturing…
Gaming Realms signs 2-year agency agreement with Hasbro
LONDON: Gaming Realms plc, the developer and licensor of mobile focused gaming content, has signed a 2-year agency deal with Hasbro Inc, the global play and entertainment company committed to creating the world’s best play and entertainment experiences. Under the terms of the agreement, Hasbro will have exclusive rights to act as an agent on…
Featurespace completes £30 million funding round
LONDON: Featurespace Ltd, a leading provider of adaptive behavioural analytics for Enterprise Financial Crime prevention, has completed a £30 million fundraising to support continued growth. Featurespace Ltd is the portfolio company of IP Group plc, the developer of intellectual property-based businesses. The round was led by Merian Chrysalis Investment Company Ltd and also included further…
Intu completes disposal of intu puerto venecia
LONDON: intu properties plc has completed the sale of its interest in the intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH. Matthew Roberts, chief executive of intu, commented: “We are pleased to have successfully concluded this transaction which is another important step in our ultimate…
Russia’s Etalon begins sales with 6.5% subsidised mortgages
LONDON: Etalon Group Plc, one of Russia’s longest-established development and construction companies, has completed its first transactions using state-subsidised mortgages in both of its core regions. The subsidised mortgage programme is available from 17 April 2020 through 1 November 2020, while the preferential rate of not more than 6.5% is effective for the entire term…