SAN JOSE, Calif. - Friday, 28. October 2022

(BUSINESS WIRE) -- Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today that it has entered into a binding investment agreement dated October 27, 2022 (“Investment Agreement”) for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. (“Koito”) (TSE: 7276). As previously reported, the investment will be used to fund Cepton’s next stage of growth as it scales its lidar solutions for mass deployment.

Under the terms of the Investment Agreement, which has been unanimously approved by Cepton’s board of directors, Koito will purchase $100 million of convertible preferred stock (the “Preferred Stock”), with a purchase price of $1,000 per share. The Preferred Stock will be convertible, beginning on the first anniversar ... Read more »

PLATTSBURGH, N.Y. - Thursday, 27. October 2022

(BUSINESS WIRE)--Medisca, a global company offering pharmaceutical compounding products and services, mixing technology, manufacturing, education services and more, announces plans to lease a standalone 60,000 square foot building to consolidate repackaging and distribution operations in Plattsburgh, NY under one roof.

The new facility will feature state-of-the-art technology and processes designed to meet rigorous quality standards, while serving the ever-increasing capacity needs of customers as personalized medicine continues to accelerate in response to patient needs.

New Facility Leased to Streamline Operations with a Focus on Employee Wellness

The planned facility is the result of several years of preparation and refinement and will include a significant investment. Five different sites will be consolidated into the new, modern location that will generate a positive impact on o ... Read more »

• BRUSSELS - Thursday, 27. October 2022

HOUSTON - Thursday, 27. October 2022 

Complementary technologies elevate drilling performance benchmarks

(BUSINESS WIRE) -- SLB (NYSE: SLB) today announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions.

This combination will improve wellbore quality and reduce drilling risk to unlock even the most remote and complex reservoirs. Integrating three-axis solid state gyro measurements with the latest SLB technological innovations will help ensure tighter trajectory control, reduce data acquisition time and improve the decision-making process—resulting in greater overall drilling efficiency.

“The integration of Gyrodata’s innovative sensors ... Read more »

MELBOURNE, Australia & LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. - Thursday, 27. October 2022

AEMO Advanced Grid Studies for 500MWh Energy Vault BESS Solution kicks off in Australia

First BESS award for short duration storage in the Australian market follows previous announcements earlier this year of Gravity Energy Storage System (GESS) development on a multi-GWh basis for long duration energy storage in the region, demonstrating rapid execution and market adoption of Energy Vault’s solutions and hardware-agnostic software approach for energy management systems

(BUSINESS WIRE)-- Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced a Notice of Award from Meadow Creek Solar Pty Ltd ("Meadow Creek" or "Meadow") for the deployment of a 250MW/500MWh battery energy storage system (“BESS”) ... Read more »

New report from Inmarsat and Globant finds existing satellite technologies could save up to 5.5 billion tonnes of CO2 a year

(BUSINESS WIRE) -- Satellite technologies are already reducing carbon emissions by 1.5 billion tonnes (or 1.5 gigatons) every year, according to independent research commissioned by Inmarsat from leading consultants at Globant’s Sustainable Business Studio. This is equivalent to almost a third of the entire United States’ carbon emissions in 2021[1][2], or the lifetime emissions of 50 million cars[3].

Demonstrating the possibilities of space technologies in the race to Net Zero, the report focuses on three industry sectors: 1) transport and logistics, 2) agriculture, forestry and other land use and 3) energy systems. Together these account for approximately 60% of global emissions[4].

If satellite technologies were adopted universally by these industries, the CO2 savings currently being delivered through satellite technologi ... Read more »