Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘facility’

COVID-19: first go-ahead given to the new Recovery and Resilience Facility

Posted by fidest press agency su giovedì, 12 novembre 2020

On Monday, MEPs adopted the Recovery and Resilience Facility, an instrument designed to help EU countries tackling the effects and consequences of the COVID-19 pandemic. The Budgets and Economic and Monetary Affairs committees adopted the objectives, financing and the rules for providing funding from the Recovery and Resilience Facility (RRF), with 73 votes to 11 and 15 abstentions.MEPs also adopted a mandate to enter into negotiations with EU governments by 84 votes to 11 and 4 abstentions. They want the mandate to be announced during the upcoming plenary of 11-13 November, to be able to start the talks without delay.MEPs agreed that the RFF should only be made available to member states committed to respecting the rule of law and the European Union’s fundamental values. National recovery and resilience plans would be eligible for financing if they are consistent with six EU priorities – green transition, digital transformation, economic cohesion and competitiveness, social and territorial cohesion, institutional crisis-reaction and crisis preparedness, as well as with Next Generation EU policies, which include the European Skills Agenda, the Youth Guarantee and the Child Guarantee.MEPs also want each plan to contribute at least 40% of its budget to climate and biodiversity and at least 20% to digital actions. The plans should have a lasting impact on EU countries in both social and economic terms and provide comprehensive reform and a robust investment package.MEPs want the amount of €672,5 billion euros in grants and loans to be available to finance national measures designed to alleviate the economic and social consequences of the pandemic, which will be in place from 1 February 2020 onwards. They also want the funding to be available for four years (instead of three as in the Council position) and for EU governments to be able to request up to 20% pre-financing for their recovery and resilience plans, instead of proposed 10%, so that they can react faster and do more. MEPs from the both committees demanded that the Commission (responsible for the RFF implementation) be accountable to the EP, including by submitting a report twice a year outlining how the targets and milestones have been implemented as well as the amounts paid to each EU country. They also stressed that the recipients should ensure that spending under the RRF is visible by clearly labelling the supported projects as “European Union Recovery Initiative”.

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SCOR issues a new contingent capital facility

Posted by fidest press agency su sabato, 7 dicembre 2019

SCOR announces the launch of a new 3-year contingent capital facility. This takes the form of a contingent equity line, providing the Group with EUR 300 million coverage in case of extreme natural catastrophe or life events impacting mortality. The facility enables the Group to protect its solvency in case of catastrophe events and is consistent with the “Quantum Leap” strategic plan.
This is the fourth contingent capital facility launched by SCOR – its first, pioneering solution was launched on January 1, 2011. This new solution is consistent with the previous facilities.As part of the authorization granted by the General Meeting of SCOR shareholders in April 2019, SCOR has arranged a new contingent capital equity line with J.P. Morgan. This equity line facility will replace, as of January 1, 2020, the current contingent capital facility which comes to an end on December 31, 2019. This protection would be triggered in case of extreme life events impacting mortality, as well as natural catastrophe events. It is calibrated to safeguard SCOR’s solvency. The solution also allows SCOR to extend its solvency and offers a very cost-effective alternative to traditional retro and ILS.The probability that the events triggering the contingent capital facility will occur remains very low and is similar to the last contingent capital mechanism, which minimizes the probability-weighted costs for SCOR and its shareholders.Under the new facility, a drawdown may result in an aggregate increase in the share capital of SCOR up to EUR 300 million (including issuance premium), in respect of which SCOR has entered into a firm subscription commitment with J.P. Morgan. The issuance of the shares would be triggered when SCOR has experienced total annual aggregated losses or claims from natural catastrophes or extreme events impacting mortality claims above a certain threshold, which is not made public, between January 1, 2020, and December 31, 2022.As well as being accounted for in SCOR’s internal model, the solution has received substantial favorable qualitative and quantitative assessments from the rating agencies. Of course, in the absence of any extreme triggering event, no shares will be issued under the facility. It is therefore highly likely that this facility will reach its term without any dilutive impact for the shareholders.

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Aurinia Establishes At-the-Market Facility

Posted by fidest press agency su martedì, 17 settembre 2019

Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH / TSX:AUP) (“Aurinia” or the “Company”), a late- stage clinical biopharmaceutical company focused on advancing voclosporin in multiple indications, today announced that it has entered into an Open Market Sales Agreement with Jefferies LLC (“Jefferies”) pursuant to which the Company may from time to time sell, through at-the-market (“ATM”) offerings with Jefferies acting as sales agent, such common shares as would have an aggregate offer price of up to US$40,000,000. Aurinia has also filed a prospectus supplement with securities regulatory authorities in Canada in the provinces of British Columbia, Alberta and Ontario, and with the United States Securities and Exchange Commission, which supplements Aurinia’s short form base shelf prospectus dated March 26, 2018, and Aurinia’s shelf registration statement on Form F-10 dated March 26, 2018, declared effective on March 29, 2018. The listing of any shares sold pursuant to the ATM offering is subject to the approval of the Toronto Stock Exchange and Nasdaq. Jefferies, at Aurinia’s discretion and instruction, will use its commercially reasonable efforts to sell the common shares at market prices from time to time. Sales in the ATM offering will only be conducted in the United States through Nasdaq or another exchange at market prices. No sales will be conducted in Canada or through the Toronto Stock Exchange.Aurinia currently intends to use the proceeds from sales related to the ATM offering, if any to fund its operations, which includes, but is not limited to, its dry eye syndrome program, clinical development of voclosporin, commercial production of voclosporin (whether for lupus nephritis or other indications), regulatory, pre-marketing and commercialization preparation activities for voclosporin primarily for lupus nephritis, and for general corporate purposes and working capital.

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ERI Launches A.I.-Driven Robotic System at Indiana Facility

Posted by fidest press agency su mercoledì, 1 Maggio 2019

ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company, has announced the installation and launch of its groundbreaking A.I.-driven robotic system at its Indiana facility.Following on the heels of ERI’s installation of its A.I. and robotics technology at its Fresno, California headquarters, the company has installed its Super Automated Machine (SAM) sorting robotic technology at its Indiana plant.The robotic system, designed by Colorado-based AMP Robotics, is integrated into ERI’s scrap metal sorting line. SAM separates shredded material such as aluminum, printed circuit boards, yellow brass, capacitors, and copper products into a clean stream, based off a vision system to identify the target material that then sends it to the A.I. (brain) that then determines what action the robot should pick. The picking is done via vacuum system. The robotic system at ERI can achieve about 70 picks per minute in its current configuration. Plus, it processes 10 different streams of shredded material.“With steady growth of 10-15 percent per year, we are always looking for innovative ways to enhance efficiency,” said John Shegerian, ERI’s Co-Founder and Executive Chairman. “Working with our friends at AMP we have developed smart technology that increases our sorting accuracy as our processing volume increases so we can free up our employees to perform ITAD and data wiping services. We are really excited about robots and A.I. and being the first in our industry to incorporate them into the process.” Shegerian added that by the end of 2019, the company will have added robotics and A.I. to its other facilities across the country.

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indiGO Auto Group Debuts Next-generation Porsche Facility, First-of-its-kind in the World

Posted by fidest press agency su venerdì, 22 marzo 2019

Todd Blue, Founder and CEO of indiGO Auto Group, with award-winning dealerships in Palm Springs, Rancho Mirage and Riverside, CA; Houston, TX; and St. Louis, MO; has announced today the official opening of the prototype for Porsche’s next-generation showroom design, the first-of-its-kind in the world, in Palm Springs. Formerly Porsche of Rancho Mirage, indiGO’s new facility, Porsche Palm Springs is inspired by a vision between the manufacturer and dealership group to provide customers with architecturally iconic and tech-immersive elements designed to transform the future of luxury retail.The new “Destination Porsche” design offers an exclusive and immersive Porsche experience—from distinctive environments that reflect the spirit of each model offering, to luxurious customer-centric features, technology-driven conveniences and design innovation—this facility reflects Porsche DNA at every turn – past, present and future. Distinctive environments reflect each model offering including but not limited to the 911, Cayman, Cayenne, Macan, Boxster, Panamera, Exclusives, Classics and Taycan. These environments are designed to feature a one-of-a-kind experience through audio, visual and virtual reality elements to celebrate all facets of the brand.The Porsche brand, which recently celebrated its 70th anniversary, reached a new peak in deliveries in 2018, equating to a 4 percent increase worldwide. The U.S. market alone experienced a three percent increase, equating to 57,202 vehicle deliveries throughout the year. Porsche Palm Springs is located on a 2.7-acre lot on Highway 111 at 3737 East Palm Canyon Drive, adjacent to indiGO Auto Group’s BMW of Palm Springs dealership. Roughly 6 miles from the company’s luxury automotive campus in Rancho Mirage, the nearly 45,000-square-foot facility—which is 10 times larger than the old facility and will offer 30-40 percent more inventory—brings a new level of architectural innovation and modernism to the desert. From the building construction to the amenities, Porsche Palm Springs is representative of a forward-thinking and progressive future. The building is LEED-certified, utilizes solar power and is thoughtfully designed to retail and service the new Taycan, Porsche’s first all-electric vehicle scheduled to be released in 2020. The new facility also features fast charging portals where future Taycan owners can charge 62 miles of range in just four minutes.When entering Porsche Palm Springs, visitors are welcomed by a walkable road that leads them through the entire facility and into the distinct vehicle environments, creating the ultimate Porsche journey. A unique, walkable bridge seen overhead on the second floor mimics one found in Stuttgart, Germany where Porsche vehicle bodies sit on a moving conveyor belt, transporting them through a glass bridge and to their next stage of assembly. The bridge serves as a key design element in the new showroom.indiGO Auto Group customers can also expect an expansive, glass-enclosed Porsche boutique, multiple client lounges and cafes (including the world’s first 2nd floor VIP Lounge equipped with a full catering kitchen for small client events and private dinners), a fitting lounge with next-generation customization options and an expanded Parts Department. An expanded service department—offering 16 service bays and two additional electric bays—will decrease wait times and also provide the desert’s first-ever Porsche indoor air-conditioned reception lanes for service pick up and drop off. While furthering the indiGO standard of hand washing each vehicle, the new facility will also feature indiGO’s first-ever indoor hand wash bays.

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Invitation to Media – Ground-Breaking Event for the Rialto Bioenergy Facility

Posted by fidest press agency su lunedì, 19 novembre 2018

Rialto, CA Friday, December 7, 2018 10:00 a.m. to 12:00 p.m. 503 E Santa Ana Ave Anaergia Services, LLC (Anaergia) is pleased to invite the media to attend the ground-breaking event for the Rialto Bioenergy Facility (RBF).The RBF will help address two pressing waste management issues in Southern California: food waste diversion from landfills and biosolids management. The RBF will convert 700 tons per day of food waste and 300 tons per day of biosolids into renewable natural gas, renewable electricity, and Class A organic fertilizer. When construction is completed in 2020, it will be the largest food waste diversion and energy recovery facility in California. Anaergia is building the RBF in collaboration with Waste Management, Republic Services, Southern California Edison, Anaheim Public Utility, Southwest Gas Utility, City of Rialto, and the City of Los Angeles, Los Angeles County, and Orange County Sanitation Districts. It is co-funded by the California Energy Commission, U.S. Department of Energy, CalRecycle, State of California and significant private investment.

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Peninsula Clean Energy Starts Construction of 200-Megawatt Solar Facility

Posted by fidest press agency su sabato, 13 ottobre 2018

California’s largest solar installation built exclusively for a Community Choice Aggregation (CCA) agency broke ground today in California’s Central Valley. Peninsula Clean Energy (PCE), the electricity provider for 290,000 San Mateo County customers, expects the 200-megawatt utility-scale Wright Solar project to come online in late 2019. “This is a huge step for Peninsula Clean Energy and our customers,” said CEO Jan Pepper. “The Wright Solar project moves us toward our goal of providing all customers with 100% renewable power by 2025. This long-term contract locks in the price we pay for electricity, which helps ensure that our rates will remain low. The size of the project is unique for a CCA and positions PCE as a leader in the industry.” Peninsula Clean Energy has an exclusive 25-year power purchase agreement with Wright Solar Park LLC to buy the solar facility’s electricity. The project is owned by Centaurus Renewable Energy and the construction and operations are managed by Clēnera, LLC. The solar facility is being constructed by Swinerton Renewable Energy with union labor hired from the surrounding areas. The facility will produce enough electricity to power more than 100,000 San Mateo County homes a year. “One of our primary objectives for PCE is to grow the supply of new renewable energy sources,” said Dave Pine, founding PCE Board Chair and President of the San Mateo County Board of Supervisors. “With the Wright Solar project, we are helping to fight climate change by adding 200 megawatts of new solar power. We’re also proud that the construction of this project will create approximately 400 union jobs in Merced County.” “This project will help the County achieve multiple goals,” stated Lloyd Pareira, Vice-Chairman of the Merced County Board of Supervisors. “From new construction jobs being created to millions of dollars in new tax revenues being realized, we are pleased this investment is being made in our county.” “An investment in solar energy provides value to American consumers and their communities on a local, state, and national level,” said George Hershman, President of Swinerton Renewable Energy. “Our team is proud to partner with Peninsula Clean Energy and Clēnera to bring affordable, clean power and hundreds of local jobs to California’s Central Valley.” Peninsula Clean Energy was the fifth Community Choice Aggregation entity formed in California. PCE launched its service in October 2016 and provides electricity to all of San Mateo County. PCE estimates its lower rates save San Mateo County customers approximately $17 million a year.

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Spazi meeting green

Posted by fidest press agency su sabato, 2 aprile 2011

Milano 19 aprile, presso l’Hotel NH Touring (via Tarchetti – zona piazza della Repubblica), con inizio alle 17.00 e conclusione alle 19.00 il Capitolo Italia di Green Meeting Industry Council vara il proprio programma formativo con un seminario di eccezionale rilievo: il titolo è Spazi meeting “green” – come progettare, realizzare e gestire una sala riunioni corporate o un grande centro congressi all’insegna dell’eco-sostenibilità. L’evento è rivolto in special modo ai responsabili delle meeting facility aziendali, la gestione delle quali si configura come un’importante voce di costo cui le tecniche green offrono insospettabili ed efficacissime aree di risparmio. Ne parlerà il bioarchitetto Massimo Duroni, noto esperto in materia e docente presso il Politecnico di Milano. L’altra parte dell’evento sarà a cura di Francesco Conci, direttore esecutivo di Fiera Milano Congressi, che presenterà in anteprima le risorse eco-compatibili del nuovo Mic Plus, il centro congressi più grande d’Europa, d’imminente apertura presso Fieramilanocity. Completano il panel la presidente di GMIC Italia Annamaria Ruffini CMP e un funzionario della catena ospite, NH Hotels, che illustrerà il prodotto Ecomeetings.

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Credit Facility

Posted by fidest press agency su martedì, 17 agosto 2010

New York (Nasdaq:HHGP), one of the world’s leading providers of permanent recruitment, contract professionals and talent management solutions, today announced that it closed its new $40 million revolving credit facility with RBS Business Capital on August 12.  The combination of the company’s credit facilities, including the new facilities with RBS and Commonwealth Bank of Australia (CBA), markedly improves the company’s access to capital.  The company’s worldwide liquidity, including cash and availability under all global credit facilities, is approximately $60.0 million.  As previously disclosed, the company will record $0.9 million in charges in the third quarter associated with the termination of its facilities with Wells Fargo Capital Finance.
Hudson Highland Group, Inc. is a leading provider of permanent recruitment, contract professionals and talent management services worldwide.  From single placements to total outsourced solutions, Hudson helps clients achieve greater organizational performance by assessing, recruiting, developing and engaging the best and brightest people for their businesses.  The company employs more than 2,000 professionals serving clients and candidates in approximately 20 countries.  More information is available at

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