LONDON, UK: bpha, Futures Group and Flagship Group announced that should the partnership proposal go ahead, the new organisation would be led by David McQuade (Flagship CEO) who has been appointed CEO Designate. Flagship Chair, Peter Hawes has also been appointed Chair Designate for the new organisation with Mike Stevenson (Futures Chair) and Paul Leinster…
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Avation PLC sells ATR72-600s to Aegean Airlines
LONDON, UK: Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, has completed the sale of the second of a series of ex-Virgin Australia Airlines ATR72-600s to Aegean Airlines. Avation’s Executive Chairman, Jeff Chatfield said: “Avation continues to reduce its few remaining unutilised aircraft in the fleet. We anticipate zero unutilised aircraft by the…
Hitachi Energy launches power semiconductor module globally for all electric vehicles
ZURICH, SWITZERLAND: Hitachi Energy will launch globally RoadPak, its pioneering power semiconductor module for electric vehicles at PCIM Europe, the world’s leading power electronics trade fair in Nuremberg, Germany, May 10-12. RoadPak sets a new benchmark in electric vehicle performance. This compact module uses state-of-the-art silicon carbide (SiC) technology to achieve exceptional levels of power…
LocoSoco and SulNOx to further develop partnership
LONDON, UK: SulNOx Group has agreed to further develop its relationship with LocoSoco Group Plc. LocoSoco, which is listed on the Direct Market segment of the Vienna MTF, promotes eco-friendly, sustainable and ethically sourced products & services. LocoSoco become an Independent Sales Organisation for the SulNOx in November 2021, and both companies have now agreed to…
LISA from BLACKPINK Joins MetaCity M as a Model
TAIPEI , TAIWAN: The world’s first ever metaverse mobile game: MetaCity M, developed by Gamamobi today, officially announces LISA, a member of BLACKPINK, a girl group who is massively popular across the entire world, will join MetaCity M as a global model under YG Entertainment. The news of LISA from BLACKPINK becoming MetaCity M’s global…
Pak Kuwait Investment Company & Enertech Kuwait sign $750mn investment agreement
KARACHI, PAKISTAN: Pakistan Kuwait Investment Company (PKIC) has entered into a strategic alliance agreement with Enertech Holding Company KSC, a subsidiary of Kuwait Investment Authority, worth $ 750 million, with the objective to collaborate and jointly explore investment opportunities and business potential primarily within Pakistan. Embarking on this journey of alliance with this agreement, both…
Launch of AIB Foresight Impact Fund
LONDON, UK: Foresight Group Holdings Limited, a leading infrastructure and private equity manager, announced that it has been appointed by Allied Irish Banks (“AIB”), Ireland’s largest financial services provider, to manage a new small and medium-sized enterprise (“SME”) equity fund. AIB will be a cornerstone investor in the Fund, which aims to stimulate job creation…
Federated Wireless secures $14mn in Series D Funding for Private 5G
ARLINGTON: Federated Wireless, the leader in shared spectrum and CBRS technology, has closed on an additional $14 million in Series D funding bringing the total raised in the round to $72 million. With the additional funding, the company added affiliates of Fortress Investment Group, Giantleap Capital, and LightShed Ventures to its list of investors. Existing…
Energy technology firm ComboCurve announces $50mn Series B Financing
HOUSTON, TEXAS: ComboCurve, the cloud-based energy analytics and operating platform of choice for many of the world’s largest energy companies, has raised $50 million through a Series B funding round led by Dragoneer Investment Group and Bessemer Venture Partners. The additional capital comes on the heels of its Series A funding announced less than six…
Blackbird video study finds optimized cloud native production tools can transform inefficient workflows
LONDON, UK: Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, today announces the release of some data from the Company’s recent video industry study which finds the cloud is impacting production but the vast majority of workflows remain inefficient. However natively optimized production tools offer…
Schneider Electric introduces Easy Micro Data Centers
KARACHI, PAKISTAN: Schneider Electric has expanded its Micro Data Center solutions portfolio with the introduction of the Easy Micro Data Center Series for standard IT and commercial environments. Available in Pakistan Easy Micro Data Centers are designed to contain and deliver all compute, storage and necessary infrastructure to support edge computing applications, combining speed, reliability,…
Elon Musk’s The Boring Company raises $675mn Series C funding
NEW YORK: Elon Musk founded The Boring Company announced Series C funding round of $675 million, led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing now values The Boring Company at $5.675 billion. The funds from the round will be used…