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…
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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…
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,…
Humanaut Health raises $8.7 million seed investment
AUSTIN, Texas: Humanaut Health has successfully secured an $8.7 million seed investment. The funding round was spearheaded by The Kabech Fund and saw active participation from Midnight Venture Partners, along with the company’s founders and other key individual investors. The influx of capital is set to bolster the development of Humanaut Health’s innovative care model,…
FIFCO USA invests $50M in the Genesee Brewery and Labatt USA
Rochester’s brewing industry, FIFCO USA, the parent company of Genesee Brewery and Labatt USA, has unveiled a $50 million investment plan spread over the next three years. This ambitious project aims to establish a state-of-the-art packaging facility and enhance innovation capabilities to meet the growing demand for Labatt Blue and Labatt Blue Light beers. The…
Deriva Energy Collaborating with Brookfield to deliver renewable power to Microsoft
Deriva Energy, under the Brookfield umbrella, is excited to be a key player in the landmark renewable energy framework agreement recently unveiled between Brookfield and Microsoft Corporation. This deal marks a commitment to supply Microsoft with over 10.5 gigawatts of clean energy globally. Deriva is set to contribute significantly to this endeavor, focusing on meeting…
Zanskar Geothermal & Minerals raises $30 million
Zanskar Geothermal & Minerals (Zanskar), a pioneer in geothermal exploration, has successfully secured $30 million in a funding round spearheaded by Obvious Ventures. This financial infusion, featuring contributions from both longstanding backers like Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, and First Star Ventures, and new investor Clearvision Ventures, is set to…
AstraZeneca bolsters stake in Cellectis with $140 million investment
AstraZeneca has completed a $140 million equity investment in Cellectis, a biotech firm at the forefront of gene-editing therapies. This transaction, which follows approval from the French Ministry of Economy, sees AstraZeneca acquiring 10 million Class A and 18 million Class B convertible preferred shares at $5 each. The Class A shares carry single voting…
Tech Data Capital to launch in Singapore, India, and Australia
Tech Data, a TD SYNNEX Company, has announced the launch of Tech Data Capital in key Asia Pacific markets. This initiative, which follows successful introductions in North America and Europe, is set to debut in Singapore, Australia, and India, providing tailored financing solutions in collaboration with select financial institutions. The launch of Tech Data Capital…
BrainChip and Frontgrade Gaisler to augment space-grade microprocessors with AI capabilities
BrainChip Holdings Ltd, a pioneer in neuromorphic artificial intelligence technology, has joined forces with Frontgrade Gaisler, a leader in space-grade system-on-chip solutions, to integrate BrainChip’s Akida™ neuromorphic processor into Frontgrade Gaisler’s advanced microprocessors. This collaboration marks a significant leap forward, aiming to create the world’s first space-grade system-on-chip (SoC) with true AI capabilities. The next-generation…
McAfee and Intel showcase AI-powered deepfake detection technology
McAfee has announced at the RSA Conference in San Francisco the enhancement of its AI-powered deepfake detection capabilities. The technology, which is integrated into the McAfee® Deepfake Detector, now leverages the Neural Processing Unit (NPU) in Intel® Core™ Ultra processor-based PCs to provide more robust protection against deepfake scams and misinformation. The Deepfake Detector, initially…
Ambri agrees to proposed sale of business to lenders
Ambri, the provider of long-duration Liquid Metal battery storage systems, has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders, pursuant to which the lender consortium would acquire substantially all of the assets of Ambri, subject to higher and better bids from other parties during an expedited sale…