BOULOGNE-BILLANCOURT: Renault Group and Alpine Racing announced the closing of the investment by Otro Capital of €200 million in Alpine Racing Ltd (based in England), announced on 26 June 2023, in the form of a 24% equity stake, to support Alpine’s growth strategy and sporting ambitions in Formula 1. Alec Scheiner, co-founder and partner of…
Tikehau Capital and Nikko Asset Management to form a business and capital alliance
PARIS, FRANCE: Tikehau Capital (Paris:TKO) and Nikko Asset Management, one of Asia’s largest asset managers, have entered into advanced discussion to form a business and capital alliance. The contemplated strategic partnership would involve Tikehau Capital and Nikko Asset Management entering into distribution agreements in Japan and elsewhere in Asia, as well as establishing a joint…
BrainChip and Unigen team up to deliver Cupcake Edge AI Server
BrainChip Holdings Ltd, a pioneer in neuromorphic AI technology, and Unigen Corporation, a leading provider of enterprise and industrial electronics, have joined forces to deliver a new version of the Cupcake Edge AI Server, a device that can run advanced AI applications without the need for cloud or internet. “The Cupcake Edge AI Server is…
Chinese auto firm expands in Romania amid nearshoring trend
AMSTERDAM: CTP, Europe’s largest industrial and logistics property developer, has leased 13,000 sqm of space at CTPark Deva II in western Romania to KSHG Auto Harness, a leading Chinese automotive component company. This is in addition to the 8,000 sqm of space that KSHG already occupies at the park since 2022, when it brought the…
ECR Minerals sells non-core assets for A$420,000
SYDNEY, AUSTRALIA: ECR Minerals plc, a gold exploration and development company in Australia, has announced the sale of two non-core assets by its subsidiary, Mercator Gold Australia Pty Limited. The assets are a Coretech Drilling Rig and an excavator, which were sold for A$350,000 and A$70,000 respectively. The drilling rig was sold under a hire…
Diversified Energy begins trading on NYSE
LONDON, UK: Diversified Energy Company PLC announced that trading in its ordinary shares will commence at U.S. market open today on the New York Stock Exchange (NYSE) under the ticker symbol “DEC” as part of the Company’s previously announced US listing process. The Company will retain its premium listing and will continue to trade on…
NARF Industries partners with MITRE and Red Balloon Security to secure critical infrastructure
LONDON, UK: NARF Industries plc, a cybersecurity group that specializes in threat intelligence for critical infrastructure, announced a collaboration with MITRE and Red Balloon Security to create a new threat model for embedded software and hardware. The model, called EMB3D™, will help organizations in the security ecosystem assess and mitigate the risks of cyber attacks…
Molecular Energies announces breakthrough in hydrogen-diesel hybrid technology
LONDON, UK: Molecular Energies (AIM: MEN), a leading alternative energy company, has achieved a significant technological and commercial breakthrough in its subsidiary Dual Fuel Limited (DFL), which develops hydrogen injection solutions for heavy-duty diesel vehicles. DFL’s proprietary dual-fuel technology, developed in collaboration with G-Volution Limited, can safely introduce up to 20% of hydrogen into a…
Games Workshop signs agreement with Amazon Content Services to develop films and television series
LONDON, UK: Games Workshop has entered into an agreement with Amazon Content Services LLC, a subsidiary of Amazon.com, Inc., for the prospective development by Amazon of Games Workshop’s Warhammer 40,000 universe into films and television series, together with associated merchandising rights. Under the terms of the agreement, Games Workshop has granted exclusive rights to Amazon…
Baron Oil to sell 15% stake in Chuditch PSC to TIMOR GAP
LONDON, UK: Baron Oil Plc (AIM: BOIL) has announced that it will sell a 15% working interest in the Chuditch Production Sharing Contract (PSC), offshore Timor-Leste, to its existing partner TIMOR GAP, the national oil and gas company of Timor-Leste. The deal is valued at US$8.5 million for Baron, which will receive cash payments and…
Flex Labs announces beta launch of AI Agent App Store
LONDON: Flex Labs (AQSE: FLEX) is excited to announce the beta launch of its artificial intelligence (AI) agent app store (AI Agent App Store or the Platform). This platform allows for the creation, distribution, and monetisation of AI agents, accelerating the adoption of AI agent technology for all humans. The Platform is available at: www.flexlabs.ai/apps…
Everest Global signs deal to acquire Precious Link, a wine retailer
LONDON, UK: Everest Global Plc has entered into a share purchase agreement (SPA) with PI Distribution Investment Ltd, to acquire the entire issued share capital of Precious Link. Under the terms of the SPA, PI Distribution Investment Limited, a company incorporated and registered in the British Virgin Islands, has agreed to sell its wholly owned…