MELBOURNE: Titomic Limited, Australian Industrial Scale Additive Manufacturing Company, has entered into a binding agreement with Composite Technology, an Australian R&D and commercialisation division of a global defence product manufacturer. This contract will generate AUD$25.5 million in sales for Titomic from the provision of two Titomic Kinetic Fusion (TKF’) Systems for industrial scale metal additive…
Microsaic signs collaboration and commercialisation agreement with Axcend Corp
LONDON: Microsaic Systems, the developer of point of need mass spectrometry (MS) instruments, has signed a global integration and joint sales and marketing heads of terms with Axcend Corp to integrate the compact Microsaic 4500 MiD MS with the portable Axcend Focus LC (LC/MS system), and to commercialise the combined system globally using both companies’…
David Hunter appointed as non-executive chairman of Capital & Regional
LONDON: Capital & Regional Plc, the convenience and community focused shopping centre REIT, announced the appointment of David Hunter as non-executive chairman, which is proposed to take effect at the conclusion of the 2020 Annual General Meeting on 20 May 2020. David will initially join the board as a non-executive director from 9 March 2020….
Harebottle resigns from the office of Kropz CEO
LONDON: Kropz Plc, an emerging African phosphate explorer and developer, announced that Mr Ian Harebottle has resigned as its Chief Executive Officer (CEO) and director, with effect from 29 February 2020. As a result of Mr Ian Harebottle’s resignation, the Board has appointed Mr Mark Summers, currently the Company’s Chief Financial Officer, as its interim…
Trading in GFH Financial Group’s $300 million Sukuk begins
DUBAI: Jassim Alseddiqi, Chairman of GFH Financial Group (GFH), rang the market opening bell today at Nasdaq Dubai to celebrate the listing of the Group’s USD 300 million Sukuk on the region’s international exchange. The Sukuk is a landmark achievement for GFH as it enters the international debt capital markets. The capital raised supports the…
Panoro Energy farms into South Africa exploration license
OSLO: Panoro Energy ASA has signed a Farm Out Agreement (FOA) with a subsidiary of Africa Energy Corp. (AEC), part of the Lundin Group of Companies, which entails a wholly-owned subsidiary of Panoro acquiring a 12.5% interest in Block 2B located in the Orange Basin, offshore the west coast of South Africa. The exploration block…
Kongsberg wins contract to equip four new cruise vessels
OSLO: Kongsberg Maritime has won contracts worth approximately 300 MNOK to equip three adventure cruise ships, with a fourth to follow. Built by WestSea Viana Shipyard in Portugal and destined for delivery to Portuguese cruise company Mystic Cruises, the vessels are to be used for expeditions in the polar regions. The 126m, 9,300-tonne luxury craft…
poLight receives purchase order of TLens and ASIC drivers
HORTEN: poLight ASA announced that the company has received a purchase order of approximately NOK 250,000 of TLens and ASIC drivers. The purchase order is related to the two smartwatch phone design-wins announced earlier in 2020. “We are still in the early days since the market launch of the two smartwacthes and therefore very pleased…
Singapore Exchange launches methanol futures and swap contracts
SINGAPORE: Singapore Exchange (SGX) Monday launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. The SGX Platts Methanol CFR China Swap and the…
EMMAC launches UK’s first operational distance medical cannabis pharmacy, Medican
LONDON: EMMAC Life Sciences Group, Europe’s leading independent cannabis company, announced the launch of Medican, the UK’s first operational distance pharmacy dedicated to fulfilling medical cannabis prescriptions. It is a division of EMMAC’s wholly owned subsidiary, Rokshaw Limited, a leading UK EU-GMP certified Specials manufacturer. Medican has already processed more than 100 cannabis product prescriptions…
AstraZeneca to sublicense global Movantik rights to RedHill Biopharma
LONDON: AstraZeneca Plc has agreed to sublicense its global rights to Movantik (naloxegol), excluding Europe, Canada and Israel, to RedHill Biopharma (RedHill). RedHill will make an upfront payment of $52.5 million to AstraZeneca on closing and a further non-contingent payment of $15 million in 2021. Movantik is a peripherally acting mu-opioid receptor antagonist (PAMORA) indicated…
Tesco to sell 20% share in Gain Land for £275 million
LONDON: Tesco PLC has announced the sale of its 20% share in Gain Land to a subsidiary of its joint venture partner, China Resources Holdings (CRH). Gain Land is the Chinese joint venture with CRH that was established in 2014. The disposal will result in net cash proceeds to Tesco of £275 million which will…