MUNICH-Thursday 31 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Independence from fossil fuels is key for climate protection – and is of relevance for security policy in light of Russia’s war in Ukraine. Europe must make enormous strides towards renewable energies in order to achieve climate targets and ensure security of supply. At The smarter E Europe – Europe's largest platform for the energy industry – 1,450 exhibitors will present innovative products and solutions to 50,000 trade visitors over an exhibition area of 132,000 m2 from May 11 to 13 in Munich.

Rising electricity and gas prices and dependence on Russian gas are giving the energy transition a tailwind. The transition is urgently needed, and possible: photovoltaics (PV) have been successful for two decades, the energy storage industry has been gaining traction for ten years, and electromobility and charging infrastructure are booming. The solutions for an independent energy su ... Read more »

MUMBAI, India-Thursday 31 March 2022 [ AETOS Wire ]

Establishes Netcore Cloud as a one-stop marketing stack for digital eCommerce brands and provides a strong foothold in the US & developed markets

Marks Netcore Cloud's fourth investment over the last three years, after Quinto.ai (Conversational commerce), Boxx.ai (Product recommendation), and Hansel.io (Product Experience) and is funded by its internal accruals

Unbxd Inc. was previously backed by marquee investors like Nirvana Ventures, Chiratae Ventures, Eight Roads, and Inventus Capital.

(BUSINESS WIRE) -- Netcore Cloud, a profitable SaaS company and global leader in customer communication, engagement, and retention, bets big on Personalization with its investment of close to $100 mn to acquire a majority stake in US-based, search-personalization company Unbxd Inc. It will also be infusing additional funding into Unbxd to propel the company's growth in developed markets.

Founded ... Read more »

CAIRO-Wednesday 30 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Avanz Capital Egypt announced today the establishment of Avanz Manara for Private Equity, Company Limited by Shares (Avanz Manara), an investment holding company established under the oversight of the Financial Regulatory Authority.

Avanz Manara supports the growth of small and medium enterprises (SMEs) in Egypt and is designed to help Egyptian banks meet the Central Bank of Egypt’s requirement to provide financing to Egyptian SMEs. Avanz Manara will work in partnership with the growing number of private equity and venture capital funds investing in Egypt to provide capital and global best practices to grow the private equity and venture capital industry in Egypt and attract international investors to support the growth of the country’s private sector.

The authorized capital of Avanz Manara is EGP 2 billion, with initial subscribed capital of EGP 905 million from Egyptian institutiona ... Read more »

EMSA will be using SES’s multi-band, multi-frequency satellite services for Remotely Piloted Aircraft operations for security, rescue and pollution monitoring missions

LUXEMBOURG-Wednesday 30 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- The latest contract awarded by the European Maritime Safety Agency (EMSA) will see the agency continue to use SES’s high-performance satellite connectivity services for Remotely Piloted Aircraft Systems’ (RPAS) operations, SES and EMSA announced today. Under the new agreement, SES’s managed connectivity service will allow end-users to receive and exchange RPAS data in near real-time and support the operational needs of missions at sea.

SES has been a longstanding partner of EMSA in delivering integrated maritime services that support the EU’s objectives of creating a safe, secure, green and competitive maritime sector. The new multi-year contract follows a previously-awarded agreement that enabled ... Read more »

SHENZHEN, China-Wednesday 30 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- China’s leading vaping media, Bluehole New Consumption, today publishes an industry comment on SMOORE‘s establishment of the world’s first E&L testing laboratory in the vaping industry.

Here below is the full article:

SMOORE, a global leader in offering vaping technology solutions, today announced the establishment of the world’s first extractable and leachable (E&L) testing laboratory in the vaping industry.

Built in the last half of 2021, this laboratory conducts qualitative and quantitative analytical testing and health risk assessment of E&L substances of electronic atomization components, including metals, plastics and other polymers.

As China’s first electronic atomization company to develop a PMTA (Premarket Tobacco Product Applications)-compliant assessment system, including physical tests, chemical tests, non-clinical te ... Read more »

• Follow-up share buyback program expected to begin in April 2022 and run until 2023 Annual General Meeting.

• Buyback to exceed remaining $1.2 billion from Power Grids divestment
ZURICH-Friday 25 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- ABB has completed its share buyback program that was launched in April 2021 as part of the company’s commitment to return to shareholders cash proceeds from the Power Grids divestment of $7.8 billion. Through this buyback program, ABB repurchased a total of 90,066,100 shares – equivalent to 4.15 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $3.1 billion over the past 12 months. In total, since July 2020, ABB repurchased 218,686,689 shares under its Power Grids capital return program for a total amount of approximately $6.6 billion.

At today’s Annual General Meeting (AGM), as separately announced, ABB shareholders approved ... Read more »

i2c and Visa partnered into first of its kind agreement for onboarding fintechs in the MENA region, providing for modern payment and processing services

(BUSINESS WIRE) -- i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Visa, the world's leader in digital payments, as fintech processor in the MENA (Middle East and North Africa) region.

Through this arrangement, fintechs in the region will be able to access Visa’s global network as well as i2c’s agile issuing and processing platform by tapping into the combined companies’ suite of digital-first solutions and advanced payments technologies.

“We are honored to have partnered with Visa for Fintech Onboarding in the MENA region,” said Amir Wain, CEO of i2c Inc. “This agreement will allow the region’s financial visionaries to go-to-market quicker and to innovate across a broad range of products and features in ... Read more »

True Global Ventures' portfolio company Forge Global publicly lists on the New York Stock Exchange March 22nd, 2022
SINGAPORE-Friday 25 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- True Global Ventures’ ("TGV") portfolio company Forge Global Holdings, Inc (NYSE: FRGE) (“Forge”), a leading global private securities marketplace, completed its business combination with Motive Capital Corp ("MOTV"), a special purpose acquisition company sponsored by affiliates of Motive Partners, on the New York Stock Exchange on the 22nd of March, 2022. This combination allows Forge to become a publicly traded company on the NYSE.

True Global Ventures has been an ardent believer and long-time investor of the private securities market segment because of the trend of companies staying private longer than in the past. Since TGV Fund 1 in 2010, TGV made early investments into SharesPost, a company acquired by Forge in 2020, and made additional ... Read more »

(BUSINESS WIRE) -- The Medi-Globe Group has opened its own training and virtual test laboratory at its headquarters in Achenmühle, Germany. The Medi-Globe Group Campus (MGG Campus) has state-of-the-art equipment with which the company is further expanding its role as an innovative leader in medical technology.

In the future, innovative product ideas for the global customers of the Medi-Globe Group will be tested and optimized with the help of IT-controlled laboratory technology. Another important area in the new campus is the virtual product training for clinicians who will get their own online access to the Campus and can, therefore, get trained digitally. The new facility is also used for external and internal webinars and training courses.

Medi-Globe Group CEO Martin Lehner: “The MGG Campus stands for the strategic importance that the Medi-Globe Group attaches to innovation management and the training of customers and employees. The campus is a kind of ' ... Read more »

- Project receives Transformational Innovation award from the WateReuse Association -

TOKYO-Wednesday 30 March 2022 [ AETOS Wire ]

(BUSINESS WIRE) -- Yokogawa Electric Corporation (TOKYO: 6841) announces that it has successfully completed a proof of concept test of technology that reduces energy consumption and stabilizes the quality of the water discharged by the Tapia Water Reclamation Facility of the Las Virgenes Municipal Water District (LVMWD), located in Los Angeles County, California. This initiative was undertaken as part of the company’s proposal to improve the performance of existing wastewater reclamation facilities in conjunction with a program sponsored by the Japan Ministry of Economy, Trade and Industry that seeks to examine opportunities for the overseas deployment of high quality energy infrastructure.

Water stress is an increasingly pressing issue worldwide due to the effects of climate change and the rising demand for water driven by ... Read more »