GREENWICH, Conn. -Thursday 28 October 2021 [ AETOS Wire ]

JET Management Has Failed to Fix Deep and Damaging Undervaluation of Equity

JET Stock Price Embeds Significant Negative Value for Grubhub Despite $10 billion of GMV

Cat Rock Urges Immediate Action to Unlock Grubhub Value via Sale or Spin-Off

(BUSINESS WIRE)-- Cat Rock Capital Management LP (together with its affiliates, “Cat Rock Capital”), a long-term oriented investment firm and holder of approximately 13.8 million shares in the capital of Just Eat Takeaway.com NV (“Just Eat Takeaway.com”, “JET”, or “the Company”) (LSE: JET, AMS: TKWY, NASDAQ: GRUB), representing circa 6.5% of Just Eat Takeaway.com’s outstanding shares, today sent a letter to the JET Management Board. Cat Rock urges the announcement of a sale or spin-off of Grubhub by 31 December 2021 to refocus JET’s business and address the deep and damaging undervaluation of the C ... Read more »

LAUSANNE, Switzerland-Thursday 28 October 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Philip Morris International Inc. (PMI) (NYSE: PM) today announced its plans to dedicate a further USD 200 million to minority investments in early and growth-stage companies through PM Equity Partner (PMEP), PMI’s corporate venture capital arm. This allocation follows a 2016 commitment of USD 150 million that PMEP has since fully invested and is intended to support PMI’s smoke-free and beyond nicotine ambitions.

With this latest round of funding, PMI will leverage its strengths to help investee companies translate innovation into commercial success. Developed through PMI’s journey to replace cigarettes with smoke-free alternatives, the company’s best-in-class capabilities include advanced life science expertise, preclinical and clinical research, and aerosolization.

PMEP is focusing its investment activities on four distinct technology segments:

Li ... Read more »

DUBAI, UNITED ARAB EMIRATES.-Thursday 28 October 2021 [ AETOS Wire ]

As part of a long-term strategy to ramp up its presence in the global and regional smart logistics market, autonomous cargo transportation company, Evocargo has signed a cooperation agreement with Roads & Transport Authority (RTA) to showcase and initiate trials of Autonomous Logistics via its unmanned all-electric Hydrogen vehicles.

Mr. Andrei Bolshakov, founder and chief business development officer, Evocargo International Holdings Limited said, "We have ambitious targets to create awareness of smart logistics service provided by full-size unmanned vehicles EVO.3 (N3 class) and EVO.1 (N1 class),  which significantly impacts the logistics industry. With UAE being the best place to develop new business connections and potential clients, our cooperation with RTA of Dubai offers us an ideal platform to highlight our latest Autonomous innovations in Smart Logistics service.”

... Read more »

ExaGrid’s New EX84 Lauded with Bench Tested Product of the Year, Storage Product of the Year, and Return on Investment awards and ExaGrid Recognized as Company of the Year

MARLBOROUGH, Mass.-Thursday 28 October 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that the company was honored with four awards at the annual Network Computing Awards ceremony, held in London on October 21, 2021.

ExaGrid was voted the “Company of the Year” award for the second year in a row, and the ExaGrid Tiered Backup Storage solution was selected as the “Bench Tested Product of the Year” by Network Computing Magazine’s judges, following an independent product review published earlier in the year. ExaGrid’s new EX84 appliance also received distinction, winning the “Return on Investment” award and the “Storage Product of the Year” awa ... Read more »

SHENZHEN, China-Thursday 28 October 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- Fibocom, together with China Mobile, China Telecom, China Unicom, Qualcomm, UNISOC, MediaTek and many IoT industry partners, officially launched the "5G AIoT Commercialized Products Handbook (CN)" On September 6, 2021. The handbook breaks the industry boundary with collective power and exploring new business value with technology integration. The English version has been released for the global readers before MWC LA (Mobile World Congress Los Angeles).

IoT, 5G, AI, block chain, cloud computing, big data and AR/VR converge and develop together to form an integrated solution for IoT. As a leading global IoT wireless module and solution provider, Fibocom continues to launch high-performance and cost-effective 4G/5G modules, smart modules and automotive-grade modules for the industry, realizing the precise matching of chip technology to industry demand, driving the maturity of IoT indust ... Read more »

No-cost “Learning License” Software and Resources Offered to Students and Educators

EXTON, Pa.-Tuesday 26 October 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, as a commitment to expand access to its professional applications to education, today announced the global expansion of the Bentley Education program – offering seamless access to learning licenses of over 60 popular Bentley applications, at no cost, to all eligible students and educators, from middle schools through higher education levels, via the Bentley Education portal.

Following on the initial May 3, 2021 announcement of the launch of Bentley Education in the pilot countries of Australia, the UK, Singapore, Lithuania, and Ireland, the program is gaining a resounding response, with more than 500,000 students and educators across many countries visiting the Bentley Education portal. Now, w ... Read more »