Enpro Inc., an industrial technology company, announced today that it will acquire Advanced Micro Instruments, Inc. (AMI), a maker of analyzers and sensors that monitor gas quality and reduce emissions. The deal, valued at $210 million in cash, is expected to close in early 2024. AMI, based in Costa Mesa, California, serves customers in various…
EIG to buy Brazilian offshore oil and gas company Ocyan for US$390 million
EIG, a global energy and infrastructure investor, announced today that it has agreed to buy Ocyan, a Brazilian offshore oil and gas solutions provider, from Novonor and BNDES for US$390 million. The deal will help Novonor pay off some of its debt to BNDES, the Brazilian development bank. Ocyan operates four floating production units in…
Things to Look For When Buying a Laptop Bag
You always need a laptop if you live in the digital world. Moving around with your laptop is more convenient when it is in a good bag. A laptop bag is essential whether you work as a professional or a student. Additionally, a dependable laptop bag involves more than just portability. It’s a valuable addition…
How to Choose the Right Size of Diesel Generator for Your Business
Diesel generators are a great option for businesses that need reliable and uninterrupted power supply during emergencies or power outages. Diesel generators have many advantages over other types of generators, such as: However, choosing the right size of diesel generator is not as simple as it may seem. If you choose a generator that is…
Enhancing AI with Transfer and Few-Shot Learning
The field of AI is progressing quickly and is now an essential component in multiple industries. Nonetheless, building AI models from the beginning requires a significant amount of time and resources. This is where transfer learning and few-shot learning techniques come into play. Understanding Transfer and Few-Shot Learning Transfer learning is an approach in AI…
Xiaomi launches its first EV and aims to join the top five carmakers
On Thursday, Xiaomi, a Chinese smartphone giant, unveiled its first electric vehicle and declared its goal to join the top five carmakers in the world. The SU7, a sedan model, is eagerly awaited by the market as it is expected to leverage its operating system that is compatible with the company’s phones. However, the car…
KuCoin Labs partners with OOFP to boost bitcoin asset services
KuCoin Labs, a global cryptocurrency exchange, has announced a strategic partnership with OOFP, a project that offers value-added services for Bitcoin assets such as inscriptions, runes, and NFTs. OOFP leverages a vault pool for mining and various strategies such as holding, staking, and DeFi to boost asset growth and appreciation. OOFP’s vision is to build…
Williams to buy Hartree Partners’ natural gas storage assets for $1.95 billion
Williams, a leading energy company, announced that it will acquire six underground natural gas storage facilities and related pipelines from Hartree Partners for $1.95 billion. The deal will boost Williams’ capacity and access to key markets, including LNG and Transco, the largest natural gas transmission pipeline in the US. The transaction is expected to close…
flyExclusive, a private jet charter company, has merged with EG Acquisition Corp
flyExclusive, a private jet charter company, has merged with EG Acquisition Corp., a SPAC backed by EnTrust Global and GMF Capital. The new entity, flyExclusive, Inc., will trade on the NYSE American under the ticker FLYX starting from December 28, 2023. The merger was approved by EG Acquisition Corp.’s shareholders on December 18, 2023, and…
Cyclo Therapeutics and Applied Molecular Transport complete merger deal
Cyclo Therapeutics, Inc. (Nasdaq: CYTH), a clinical stage biotechnology company, and Applied Molecular Transport Inc. (Nasdaq: AMTI), a biopharmaceutical company, have finalized their merger in an all-stock transaction. The new company will retain the name Cyclo Therapeutics, Inc. and the ticker symbol CYTH, and will focus on developing a treatment for a rare and neurological…
Bloom Energy and SK ecoplant to produce green hydrogen for Jeju Island
Bloom Energy (NYSE: BE) and SK ecoplant, a subsidiary of SK Group, have announced a sale of Bloom’s electrolyzer technology to Korea Southern Power Co., Ltd (KOSPO) and local government for a large-scale green hydrogen demonstration on Jeju Island, South Korea. The project, which will start in late 2025, will use 1.8 MW of Bloom’s…
Petro Rabigh announces unplanned shutdown of High Olefins Fluid Catalytic Cracker
Riyadh: Due to an unexpected issue, the High Olefins Fluid Catalytic Cracker (HOFCC) at Petro Rabigh has been shut down for urgent maintenance. The company is working to fix the problem and restore the unit’s safety and reliability. The shutdown will affect the company’s financial results for the last quarter of 2023 and the first…