MOUNTAIN VIEW, Calif.: Mitra Future Technologies Inc. (Mitra Chem), a pioneering innovator in North American lithium-ion battery materials, today announced an investment from Alpha Wave Ventures as part of the company’s Series B funding round. As part of the investment, Elan Frantz has joined the company’s Board of Directors. Alpha Wave Ventures joins other distinguished…
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Madison Gas and Electric plans innovative solar and storage project
MADISON, Wis.: Madison Gas and Electric (MGE) has announced its proposal for a new solar energy initiative. The company is currently seeking the green light from the Public Service Commission of Wisconsin to construct the Sunnyside Solar Energy Center in Fitchburg, Wisconsin. This ambitious project includes a 20-megawatt solar array coupled with a 40-megawatt battery…
Cristiano Ronaldo joins WHOOP as an official global ambassador and investor
BOSTON: WHOOP, the human performance company, announced Cristiano Ronaldo, the legendary football icon, as an official global ambassador and investor. This represents one of Ronaldo’s most significant investments to date. Ronaldo joins the company’s growing roster of global ambassador investors, including Patrick Mahomes, Michael Phelps, Eli Manning, Rory McIlroy, and more. Announced earlier this morning…
United Fintech expands global reach with new office in Dubai’s financial hub
DUBAI: United Fintech has announced the opening of a new office in the Dubai International Financial Centre (DIFC). The expansion, led by Athena, a key partner company within United Fintech, is a strategic response to the strong market demand and highlights the United Arab Emirates’ pivotal role as a nexus for financial technology innovation. United…
Tenaris commences $300 million tranche of $1.2 billion buy back
Tenaris S.A., a global leader in steel tube manufacturing, has initiated the third tranche of its Share Buyback Program. The company, listed on multiple stock exchanges including NYSE, Mexico, and Italy, has confirmed the commencement of a $300 million buyback phase, starting May 13, 2024. This strategic financial maneuver is part of a broader $1.2…
Zinzino has acquired Luxembourg-based direct sales company Xelliss for EUR 2 million
Scandinavian health and wellness giant Zinzino has announced the acquisition of Luxembourg-based direct sales company Xelliss. The deal, which includes the rights to Xelliss’s distributor database, customer register, inventory, and intellectual property, marks a pivotal step in Zinzino’s ambitious growth strategy aimed at enhancing personal health and well-being worldwide. Xelliss, renowned for its natural wellness,…
U.S. celebrates launch of first American-built offshore wind service vessel
In a landmark achievement for the U.S. offshore wind energy sector, the nation witnessed the christening of the ECO EDISON, the first-ever offshore wind service operations vessel (SOV) constructed in America, owned by Americans, and operated by an American crew. This vessel is set to play a pivotal role in fostering domestic energy production and…
Wipro Limited appoints Vinay Firake as CEO of APMEA Strategic Market Unit
Wipro Limited, a global leader in technology services and consulting, has announced the immediate appointment of Vinay Firake as the new Chief Executive Officer for its APMEA (Asia Pacific, India, Middle East & Africa) Strategic Market Unit. Firake, a Wipro veteran of 26 years, will also serve on the Wipro Executive Board. Firake’s tenure at…
GeoPark signs new offtake agreement with Vitol in Colombia
GeoPark Limited, a prominent independent explorer and operator, has inked a pivotal offtake and prepayment agreement with Vitol, the global energy and commodity powerhouse. According to a press release, Under the terms of the agreement, GeoPark will supply Vitol with a minimum of 20,000 barrels of oil per day from the prolific Llanos 34 Block,…
Associated Terminals has acquired S.H. Bell Company
Associated Terminals, a premier provider of stevedoring and marine services, has announced the acquisition of the esteemed S.H. Bell Company and its subsidiaries. The move is set to bolster the global supply chain by integrating the strengths of both entities, a press release noted. S.H. Bell Company, recognized for its exceptional handling, storage, processing, packaging,…
Builders FirstSource has acquired Schoeneman’s Building Materials Center
1stWEST Mergers and Acquisitions, a premier investment bank specializing in M&A advisory, has successfully overseen the acquisition of its client, Schoeneman’s Building Materials Center, by the industry giant Builders FirstSource (NYSE: BLDR). The transaction, marked by 1stWEST M&A’s expert guidance, reached completion within a mere 45 days following the signing of the letter of intent,…
CoreWeave commits £1 billion to UK’s AI sector
CoreWeave, a leading provider of specialized cloud services for AI, has announced the establishment of its European headquarters in London. This move is part of the company’s wider strategy to expand across the European continent. The new office in London represents a substantial investment of £1 billion, aimed at enhancing the UK’s capabilities in AI….