LONDON: BATM Advanced Communications, a leading provider of real-time technologies for networking solutions and medical laboratory systems, announced that its Bio-Medical division has successfully developed a new diagnostics kit to detect COVID-19. Additionally, this kit has undergone testing by several central laboratories and hospitals that have now verified its ability to diagnose COVID-19. The Group…
Attraqt becomes BigCommerce Technology Partner
LONDON: Attraqt Group plc has been named a BigCommerce Technology Partner, providing more than 60,000 BigCommerce customers with access to Attraqt’s experience orchestration platform which enables retailers to implement highly relevant, cross-channel search, merchandising and personalisation capabilities at scale. BigCommerce provides a robust eCommerce solution that handles all of the transactional elements of the shopper…
Riverstone sells investment in Aleph to Vista Oil and Gas for $23.5mn
LONDON: Riverstone International Limited, the Manager of Riverstone Energy Limited (REL), has agreed to wind down its investment in Aleph Midstream through a sale to Vista Oil and Gas, S.A.B. de CV. REL is expected to receive $23.5 million in proceeds through a return of its invested capital at a 1.0x Gross MOIC. The transaction…
Hikma and Glenmark sign agreement to commercialise Ryaltris
LONDON: Hikma Pharmaceuticals and Glenmark Specialty, a Swiss subsidiary of Glenmark Pharmaceuticals, announced the signing of an exclusive US license agreement to commercialise Ryaltris (olopatadine hydrochloride and mometasone furoate nasal spray), an investigational fixed-dose combination nasal spray for the treatment of seasonal allergic rhinitis (SAR). Under the terms of the agreement, Glenmark will be responsible…
Frasers Property Retail announces Tenant Support Package across 14 malls
SINGAPORE: Frasers Property Retail is introducing a Tenant Support Package across Frasers Property Group’s combined retail portfolio of 14 malls in Singapore, which includes retail properties held under Frasers Centrepoint Trust as well as retail properties managed by Asia Malls Management. The relief measures are aimed at helping tenants overcome the business impact of COVID-19…
Axactor enters agreement with Resurs Bank in Norway
OSLO: Axactor SE has extended an existing agreement with Resurs Bank in Norway, the agreement now includes the banks “yA” brand, for both cards and loans. The loans will be purely acquisition, but the cards will include a solution rate guarantee where the first 90 days is effectively a 3PC servicing agreement, followed by acquisition….
MGC Pharma signs commercial supply deal for first products into Poland
PERTH, AUSTRALIA: MGC Pharmaceuticals has entered into an exclusive commercial wholesale supply agreement with Polish NGO Cannabis House Association (Stowarzyszenie Cannabis House) and the Forensic Laboratory of the Faculty of Law and Administration of the University of Łódź in Poland, a key EU market. The Agreement sets out the terms under which MGC Pharma will…
K2fly signs new RCubed customers for Proof of Concept Designs
SYDNEY: K2fly Limited announced that both Vale S.A. (Vale) and South 32 Limited (South32) have signed initial purchase orders to immediately commence work on proof of concept designs for the RCubed Resource Governance Solution. Vale is the world’s largest producer of iron ore and iron ore pellets and the world’s largest producer of nickel. Vale…
Titomic signs AUD25.5mn sales contract with Composite Technology
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…