LONDON: Great Places Housing Group has appointed current Deputy Chief Executive Alison Dean as its new Chief Executive Officer following a robust recruitment process. The decision was ratified by the Board at a meeting on 2 May 2024. Current CEO Matt Harrison who has led the group for over 10 years, and been with the…
DGI partners with EVAge Motors to manufacture world-class electric motor in India
LONDON: DG Innovate (LSE: DGI), the advanced R&D company developing pioneering solutions in sustainable mobility and energy storage, has entered into an MoU to establish a transformative joint venture (JV) with EVage Motors (EVage), the fastest-growing electric truck company in India. The planned JV will allow DGI to pursue a faster, lower-cost route to high-precision…
PetroTal announces acquisition of Block 131 in Peru
HOUSTON: In a significant expansion of its operations, PetroTal Corp. has announced the successful execution of an agreement to acquire CEPSA Peruana, S.A.C., thereby securing a 100% working interest in the Los Angeles field within Peru’s Block 131. The $5.0 million cash deal marks PetroTal’s first acquisition since its Peruvian debut in 2017 and represents…
Tesla & Ford Supply Chain & Battery executive Annie Liu joins TeraWatt Technology
TeraWatt Technology Inc., a next-generation battery producer announced the appointment of former Tesla & Ford supply chain & battery executive Annie Liu as an External director. Ms. Liu boasts a proven track record of securing transformative multi-billion-dollar partnerships across the battery supply chain, encompassing cell manufacturers and facilitating Gigafactory development. She is the Founder of…
Oneflow launches a new AI-powered platform
STOCKHOLM: Oneflow (Stockholm: ONEF) has unveiled its latest innovation, Oneflow AI, an AI-augmented platform designed to revolutionize the way businesses handle contracts. Promising to accelerate the contract writing, reviewing, and analyzing processes by tenfold, Oneflow AI stands poised to transform contract management at an unprecedented scale. Anders Hamnes, the visionary CEO and Founder of Oneflow,…
Elbit Systems secures $53 million deal for Crossbow Mortar Systems
Elbit Systems Ltd. has been awarded a lucrative contract to enhance the firepower of General Dynamics European Land Systems’ armored vehicles. The $53 million agreement entails equipping the Pandur 6×6 APC wheeled armored vehicles with the state-of-the-art Crossbow Mortar Systems (Unmanned Turreted 120mm Soft Recoil Mortar Systems). The deal, which extends over a six-year period,…
EDXM Global launches innovative settlement platform in Singapore
SINGAPORE: EDXM Global (EDXMG), a pioneering digital asset company catering to institutional clients, has officially announced the debut of its state-of-the-art settlement platform. This groundbreaking development introduces a new era in the digital asset domain, offering unparalleled efficiency and reliability in over-the-counter (OTC) transaction settlements. In a landmark event, industry powerhouses GSR and Virtu Financial…
SentinelOne elevates cybersecurity with AI-driven Singularity Platform
SentinelOne revealed new features for its Singularity Platform, marking a significant advancement in cybersecurity operations. The platform’s latest capabilities are set to democratize high-level security operations, making them accessible to organizations of all sizes. Tomer Weingarten, CEO of SentinelOne, envisions a future where security solutions preemptively tackle threats, shifting from a reactive to a predictive…
Vår Energi sells Norne area assets and increases stake in Ringhorne East
SANDNES, NORWAY: Vår Energi ASA (OSE: VAR) agrees the sale of its Norne area assets to DNO Norge AS for a fixed after-tax consideration of USD 51 million, and DNO Norge AS will transfer to Vår Energi their stake in the Ringhorne East unit. The transaction with DNO is in line with Vår Energi’s stated…
Mobile Tornado secures major contract with Middle Eastern and African MNO
LONDON: Mobile Tornado, a pioneer in push-to-talk over cellular (PTToC) and workforce management solutions, has announced a landmark contract with a leading mobile network operator (MNO) in the Middle East and Africa. This partnership is set to introduce a suite of advanced technologies to the MNO’s service offerings. The MNO, which boasts a customer base…
Block Energy and Rustavi Azot embark on pioneering carbon capture project in Georgia
LONDON: Block Energy plc, a prominent player in the development and production sector in Georgia, has joined forces with JSC Rustavi Azot, a subsidiary of the esteemed Indorama Corporation Pte Ltd. The collaboration is set to explore the potential of a Carbon Capture and Storage (CCS) project within the prolific Patardzeuli-Samgori Middle Eocene reservoir. The…
Pathfinder Minerals announces strategic acquisition of Rome Resources Ltd
LONDON: Pathfinder Minerals PLC (AIM: PFP) has declared its conditional agreement to acquire Rome Resources Ltd. This transaction, announced on May 7, 2024, follows Pathfinder’s initial statement made on November 29, 2023. The acquisition process, termed as the “Arrangement,” is set to be executed through a court-sanctioned plan of arrangement in accordance with the British…