Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Posts Tagged ‘investment’

Endeavor Bank Announces Extension of Investment Opportunity

Posted by fidest press agency su domenica, 8 dicembre 2019

Endeavor Bank (OTC Pink: EDVR) is pleased to announce that it has extended the investment cutoff date to invest in its capital offering from December 9, 2019 to January 24, 2020. Dan Yates, CEO, stated, “We are extending the offering to give us additional time to maximize the amount of capital we are seeking to raise and in consideration of the holiday season when many potential investors are unable to attend our information events.” Steve Sefton, President, added, “Many investors are investing through their Individual Retirement Accounts. Investing through an IRA takes much longer to process. Extending the date in order to relieve the time pressure during the holidays seemed like the right thing to do.”

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GE Healthcare confirms investment in CMR Surgical

Posted by fidest press agency su giovedì, 5 dicembre 2019

Cambridge. CMR Surgical (“CMR”), the Company developing, manufacturing and marketing the next-generation surgical robotic system, Versius®, notes the disclosure by GE Healthcare of its minority participation in the recent $240 million Series C financing round.
GE Healthcare’s investment in CMR Surgical Ltd., further demonstrates its commitment to improve outcomes for healthcare providers and therapy innovators around the world. This investment underlines the vision of both companies to bring the benefits of minimal access surgery to more patients around the world which can lead to less trauma during procedures and faster recovery times.Martin Frost, Chief Executive Officer of CMR Surgical, said: “We are delighted to have attracted investment from GE Healthcare, one of the world’s most respected healthcare companies, to bring advanced technologies to market in a way that has the potential to benefit surgeons and their patients.” GE Healthcare shares CMR Surgical’s vision of making minimal access surgery available to all,” stated Gustavo Perez-Fernandez, President and Chief Executive Officer, Image Guided Therapies at GE Healthcare. “We see the Versius surgical robotic system being a key ‘guiding companion’ for surgeons as they pursue minimal access surgery. Along with GE Healthcare’s advanced, high-quality imaging, digital and artificial intelligence tools, we can bring minimal access surgery to more people. CMR Surgical and GE Healthcare both have the potential to transform the way surgeries are performed worldwide and this investment underlines the shared ambition to do so.”GE Healthcare is currently present in operating rooms around the world, with the OEC portfolio of surgical imaging systems. The OEC systems provide real-time imaging to guide surgeons during procedures, enabling them to “see” inside a patient. CMR Surgical recently announced its first commercial installations of the Versius® surgical robotic system. Versius® is a small, modular, and cost-effective robotic system designed to help surgeons and healthcare providers bring the benefits of minimal access surgery to patients around the world.

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Newron Receives Second Tranche from Financing Agreement with European Investment Bank (EIB)

Posted by fidest press agency su giovedì, 28 novembre 2019

Newron Pharmaceutical S.p.A. (“Newron”) (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system, announces that it has received Tranche 2 under its financing agreement with the European Investment Bank (EIB) that was signed in October 2018 and comprises up to EUR 40 million, subject to achieving a set of agreed performance criteria. The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment plan for Europe. Tranche 2 consists of EUR 7.5 million and will primarily be used to support the Company’s development programs in diseases of the central nervous system. The first tranche of the loan, Tranche 1, was received by Newron in July 2019. In connection with Tranche 2, EIB has received warrants entitling it to purchase up to 151,344 ordinary shares of Newron at an exercise price of EUR 9.25 per share.

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Glu to Participate in the Stephens Nashville Investment Conference

Posted by fidest press agency su lunedì, 11 novembre 2019

Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games, today announced that Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer, is scheduled to participate in a fireside chat at the Stephens Nashville Investment Conference in Nashville, TN on Wednesday, November 13, 2019 at 4:00 p.m. Central time (2:00 p.m. Pacific time).A live webcast, as well as a replay, of the fireside chat will be available on the company’s investor relations website at http://www.glu.com/investors. Glu Mobile (NASDAQ: GLUU) is a leading creator of mobile games. Founded in 2001, Glu is headquartered in San Francisco with additional locations in San Mateo, Toronto and Hyderabad. With a history spanning over a decade, Glu’s culture is rooted in taking smart risks and fostering creativity to deliver world-class interactive experiences for our players. Glu’s diverse portfolio features top-grossing and award-winning original and licensed IP titles including, Cooking DASH, Covet Fashion, Deer Hunter, Design Home, Diner DASH Adventures, Kim Kardashian: Hollywood and MLB Tap Sports Baseball available worldwide on various platforms including the App Store and Google Play.

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Stephens 2019 Nashville Investment Conference

Posted by fidest press agency su domenica, 10 novembre 2019

Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announces that the company is scheduled to participate in the Stephens 2019 Nashville Investment Conference in Nashville, Tennessee. The fireside chat is scheduled to take place on Wednesday, November 13, 2019 at 3:30 p.m. Eastern Time. Matt Korenberg, CFO will attend for Ligand. Ligand is a biopharmaceutical company focused on developing or acquiring technologies that help pharmaceutical companies discover and develop medicines. Our business model creates value for stockholders by providing a diversified portfolio of biotech and pharmaceutical product revenue streams that are supported by an efficient and low corporate cost structure. Our goal is to offer investors an opportunity to participate in the promise of the biotech industry in a profitable, diversified and lower-risk business than a typical biotech company. Our business model is based on doing what we do best: drug discovery, early-stage drug development, product reformulation and partnering. We partner with other pharmaceutical companies to leverage what they do best (late-stage development, regulatory management and commercialization) to ultimately generate our revenue. Ligand’s Captisol® platform technology is a patent-protected, chemically modified cyclodextrin with a structure designed to optimize the solubility and stability of drugs. OmniAb® is a patent-protected transgenic animal platform used in the discovery of fully human mono-and bispecific therapeutic antibodies. Ligand has established multiple alliances, licenses and other business relationships with the world’s leading pharmaceutical companies including Novartis, Amgen, Merck, Pfizer, Celgene, Gilead, Janssen, Baxter International and Eli Lilly.

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Stephens Nashville Investment Conference

Posted by fidest press agency su domenica, 10 novembre 2019

Magellan Health, Inc. (NASDAQ: MGLN) today announced that Jonathan N. Rubin, chief financial officer of Magellan Health, will participate in a fireside chat at the Stephens Nashville Investment Conference on Friday, November 15, 2019, at the Omni Nashville Hotel in Nashville, Tenn. The fireside chat will begin at 8:15 a.m. Central Standard Time. The presentation will be webcast live and can be accessed through the investor relations page at IR.MagellanHealth.com. For those unable to listen to the live broadcast, an audio replay of the fireside chat will be available for 30 days following the presentation on the Company’s investor relations page at IR.MagellanHealth.com.
Magellan Health, Inc., a Fortune 500 company, is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan’s customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.

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Greenwich Associates Helps Banks That Are Betting Big With Massive Technology Investments

Posted by fidest press agency su venerdì, 18 ottobre 2019

Banks are collectively investing billions of dollars in new technology platforms, but when it comes to understanding how all that IT spending is actually affecting their competitive positioning, senior executives have been flying blind.A new solution from Greenwich Associates addresses this problem by helping banks to benchmark where on the digital continuum they sit relative to their peers. Performance is measured at both the overall level and in specific business functions like Onboarding, Payments, Credit Underwriting, and Sales. “As banking evolves into a technology and data business, banks that underinvest or invest poorly risk getting leapfrogged by competitors that successfully leverage tech to win market share and become more efficient,” says Don Raftery, Managing Director at Greenwich Associates. “The question for senior management is: How do you know you’re getting it right when the cost of not getting it right is large in terms of time and money?”

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Lazard Announces Leadership Appointments in UK Investment Banking

Posted by fidest press agency su venerdì, 13 settembre 2019

Lazard Ltd (NYSE: LAZ) announced today that it has named Cyrus Kapadia as Chief Executive Officer (CEO) of Lazard Investment Banking in the UK and William Rucker, CEO of the business since 2004, as Chairman, effective immediately. Archie Norman, Chairman of the business since 2013, will continue to serve Lazard as a Special Adviser to Lazard’s CEO.
Mr. Kapadia, most recently Deputy Head of UK Investment Banking, joined Lazard in 1996. He has worked with clients across numerous industry sectors and leads the Technology, Media and Telecommunications Advisory Group in London, one of Lazard’s most active teams in the UK. Mr. Kapadia has had a wide range of corporate finance experience including providing advice to many of the UK’s largest companies and private equity sponsors.Mr. Rucker has served as CEO of Lazard’s Investment Banking business in the UK for the past 15 years. He began his investment banking career at Lazard in 1987. As Chairman, he will continue to work closely with Mr. Kapadia and the UK Investment Banking team, focusing in particular on key client relationships and growth initiatives.Mr. Norman, a Senior Adviser for Lazard Investment Banking in the UK since 2003, has served as Chairman of Lazard UK Investment Banking since 2013. He was appointed Chairman of Marks & Spencer in October 2017.
Lazard in London is a principal office of the firm’s global network. It has been a major presence in London’s financial center since 1877, and added institutional asset management services in 1953. Located in the heart of Mayfair, it is one of Lazard’s largest offices, with senior professionals representing all of Lazard’s advisory services.
Lazard’s UK Investment Banking business has advised or continues to advise on a number of significant transactions. These include advising Blackstone, KIRKBI and the Canada Pension Plan Investment Board on its acquisition of Merlin Entertainments; Saputo on its acquisition of Dairy Crest; Takeaway.com on its acquisition of JustEat, PLC; WPP on the sale of 60% of Kantar to Bain Capital; Smith & Nephew on its acquisition of Osiris Therapeutic; Daily Mail Trust Group on the sale of its shares in Euromoney PLC; and Merck on its global alliance with GSK.

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TA Associates Announces Minority Investment in MISA

Posted by fidest press agency su mercoledì, 11 settembre 2019

TA Associates, a leading global growth private equity firm, today announced that it has completed a minority investment in MISA Joint Stock Company (“MISA”), a leading software provider in Vietnam. Financial terms of the transaction were not disclosed.
Founded in 1994, MISA provides accounting, financial, enterprise resource planning (“ERP”) and business management software to enterprises, government and individuals across Vietnam. The Company serves more than 70,000 government sector clients and 100,000 small and medium-sized enterprise (“SME”) clients across the country. MISA has more than 1,500 employees throughout its offices in Hanoi, Da Nang, Buon Ma Thuot, Ho Chi Minh City and Can Tho. “MISA is among the software industry leaders for both the public and private sectors in Vietnam, with a high quality business model and an impressive history of generating meaningful growth,” said Edward Sippel, a Managing Director at TA Associates and Co-head of Asia operations of TA Associates Asia Pacific Ltd who will join the MISA Board of Directors. “With its innovative product offerings, talented management team and commitment to customer service, we believe that MISA is well positioned to capitalize on both organic and inorganic growth opportunities. We are excited about this partnership, and are looking forward to working collaboratively with the MISA team.”

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21st Annual Global Investment Conference

Posted by fidest press agency su domenica, 8 settembre 2019

Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE:CFBI), a biotechnology company with a pipeline of proprietary small molecule drugs that bind specifically to the A3 adenosine receptor (A3AR), addressing cancer, liver and inflammatory diseases, announced today the Company’s CEO Dr. Pnina Fishman will present at the H. C. Wainwright 21st Annual Global Investment Conference to be held on September 8-10, 2019 at the Lotte New York Palace Hotel in New York City.Dr. Fishman will present on Tuesday, September 10th at 3:00 p.m. in the Kennedy I room, 4th floor. Company executives will also conduct one-on-one meetings with institutional investors.
Can-Fite BioPharma Ltd. (NYSE American: CANF) (TASE: CFBI) is an advanced clinical stage drug development Company with a platform technology that is designed to address multi-billion dollar markets in the treatment of cancer, inflammatory disease and sexual dysfunction. The Company’s lead drug candidate, Piclidenoson, is currently in Phase III trials for rheumatoid arthritis and psoriasis. Can-Fite’s liver cancer drug, Namodenoson, recently completed a Phase II trial for hepatocellular carcinoma (HCC), the most common form of liver cancer, and is in a Phase II trial for the treatment of non-alcoholic steatohepatitis (NASH). Namodenoson has been granted Orphan Drug Designation in the U.S. and Europe and Fast Track Designation as a second line treatment for HCC by the U.S. Food and Drug Administration. Namodenoson has also shown proof of concept to potentially treat other cancers including colon, prostate, and melanoma. CF602, the Company’s third drug candidate, has shown efficacy in the treatment of erectile dysfunction in preclinical studies and the Company is investigating additional compounds, targeting A3AR, for the treatment of sexual dysfunction. These drugs have an excellent safety profile with experience in over 1,000 patients in clinical studies to date. http://www.can-fite.com.

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H.C. Wainwright 21st Annual Global Investment Conference

Posted by fidest press agency su giovedì, 5 settembre 2019

New York, NY September 10, 2019 3:25-3:50 PM EDT Holmes I (4th Floor) room, Lotte New York Palace Hotel. Sesen Bio (Nasdaq: SESN), a late-stage clinical company developing targeted fusion protein therapeutics for the treatment of patients with cancer, announced it will be featured as a presenting company at the H.C. Wainwright 21st Annual Global Investment Conference.
Sesen Bio, Inc. is a late-stage clinical company advancing targeted fusion protein therapeutics for the treatment of patients with cancer. The Company’s lead program, Vicinium®, also known as VB4-845, is currently in a Phase 3 registration trial, the VISTA trial, for the treatment of high-risk, BCG-unresponsive non-muscle invasive bladder cancer (NMIBC). Vicinium is a locally-administered targeted fusion protein composed of an anti-EPCAM antibody fragment tethered to a truncated form of Pseudomonas Exotoxin A for the treatment of high-risk NMIBC. For more information, please visit the Company’s website at http://www.sesenbio.com.

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BlackRock LTPC Makes Strategic Investment in Authentic Brands Group

Posted by fidest press agency su mercoledì, 14 agosto 2019

BlackRock, Inc. announced today that entities affiliated with its Long Term Private Capital (LTPC) strategy have made a strategic investment in Authentic Brands Group (ABG), owner of a portfolio of iconic and world-renowned brands. LTPC will become the largest investor in ABG and will work closely alongside its management, led by founder, Chairman and CEO James Salter and President and CMO Nick Woodhouse. LTPC joins existing ABG investors including founding investor Leonard Green & Partners, General Atlantic, Lion Capital, Simon Property Group, Brookfield Properties’ retail group and Shaquille O’Neal.ABG has experienced significant growth since it was founded in 2010 and is now a world-leading brand development, marketing and entertainment company. The Company’s portfolio of over 50 brands generates close to USD $10 billion in annual worldwide revenue in more than 70 countries. ABG’s portfolio spans the luxury, specialty and mid-tier retail channels in both e-commerce and brick and mortar, and is diversified across the lifestyle, sports, celebrity, entertainment and media sectors. The ABG portfolio includes brands such as Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O’Neal, Greg Norman, Thalia Sodi, Neil Lane, Nautica, Aéropostale, Vince Camuto, Nine West, Juicy Couture, Frye, Spyder, Prince and Judith Lieber. ABG’s recent acquisition of Sports Illustrated, one of the most respected names in sports media, highlights the Company’s ability to expand a cultural centerpiece across digital, TV and social platforms and represents their increasing desire to converge content and commerce.“The strategic investment by LTPC is a testament to the success we have had building a leading platform for the ownership and development of brand and media content,” said Jamie Salter, Chairman and CEO at ABG. “We believe BlackRock’s scale, global footprint and digital capabilities will enable us to build out our organization and continue our domestic and international growth trajectory. This investment marks an important and exciting next phase of expansion for ABG.”

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TripleTree Deepens Healthcare Investment Banking Expertise in New York

Posted by fidest press agency su martedì, 6 agosto 2019

TripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading healthcare technology and services companies, today announced the firm’s expansion into New York and the addition of Jeff Jones to the firm’s investment banking team as a managing director.“TripleTree’s increased presence in New York and Jeff’s deep experience and long-standing industry relationships represent the continued amplification of our firm’s impact across the healthcare industry,” said Justin Roth, head of investment banking. “Jeff is a cornerstone addition to TripleTree’s New York office and a great cultural fit with our firm. His proven experience across behavioral and addiction treatment services, specialty and institutional pharmacies, alternate / multi-site care, post-acute care, and technology-enabled services, deepens our commitment to our core healthcare services and technology end-markets.”
Jones commented, “I’m thrilled to join TripleTree. The firm has a proven track record of delivering successful outcomes for its clients and creating strategic value across the healthcare industry. The addition of a New York office represents the logical extension of the TripleTree platform. It’s an exciting time to work in healthcare and I look forward to collaborating with my new colleagues.”Prior to joining TripleTree, Jones spent the previous 15 years at Stifel, Deutsche Bank Securities and Banc of America Securities, where he was focused in Healthcare Services across the full range of investment banking advisory and capital raising services. Over his career, Jones has been involved in more than 95 transactions representing over $120 billion in transaction value. Previously, Jones was an M&A attorney with Vinson & Elkins in Dallas, TX and New York, NY. He received a BA from Princeton University and a JD from SMU School of Law.

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TripleTree Advises Sandata Technologies on its Significant Growth Equity Investment from Accel-KKR

Posted by fidest press agency su sabato, 27 luglio 2019

TripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading companies in healthcare, is pleased to announce that it advised Sandata Technologies on its significant growth equity investment from Accel-KKR. Sandata drives efficiency, transparency, compliance, and improved care outcomes across the entire home care market through frequent in-home touch points and the unique delivery of integrated technology solutions to a national network of payers, providers, and home care participants.“We could not be more excited to partner with Accel-KKR and leverage the firm’s experience and resources to help Sandata continue to execute on our vision and deliver value to our customers,” said Tom Underwood, Chief Executive Officer of Sandata. “TripleTree was an integral partner throughout this endeavor, contributing their unique market insights and a thorough approach that ultimately led to a fast, efficient process and a terrific outcome.”“Sandata’s integrated approach to home care management creates massive efficiencies and savings for the healthcare system by addressing some of the largest pain points for healthcare payers and providers,” said Brian Klemenhagen, Managing Director at TripleTree. “We are thrilled for Sandata and Accel-KKR as they continue to accelerate growth and leadership across the home care market.” TripleTree acted as the exclusive financial advisor to Sandata for this transaction.

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William Blair Expands Industrials Investment Banking Team

Posted by fidest press agency su giovedì, 11 luglio 2019

William Blair, a premier global boutique with expertise in investment banking, investment management, and private wealth management, today announced that Julien Darmon and Alvaro Hernandez joined the firm’s industrials investment banking team in the London office. Mr. Darmon joins as a managing director, and Mr. Hernandez as a director.
“Our European investment banking business continues to grow at a significant pace, and we are committed to attracting the highest levels of talent to ensure our clients’ ongoing success,” said Anu Sharma, head of European Investment Banking.Mr. Darmon joins from Robert W. Baird Ltd.’s London office where he was a managing director. Prior to that, he was a managing director at Harris Williams. Over the past two decades, Mr. Darmon advised on industry-shaping transactions involving private and publicly traded companies in the industrials sector, including the sale of Celli S.p.A. to Ardian, IP Cleaning S.p.A. to Tennant Company, Audiotonix Limited to Astorg Partners, and Cimbria Holdings Limited to AGCO.Mr. Hernandez most recently was a director for PricewaterhouseCoopers Corporate Finance in N.Y. Before that, he worked in Madrid for Rothschild and Société Générale. He has focused on the industrials sector for 14 years, completing global transactions including the sale of GE Appliances to Haier, Indal to Philips Electronics, and advised Gardner Denver Thomas in the multiple acquisitions of TriContinent, Zinsser Analytic, and ILS.“Julien and Alvaro bring a wealth of experience to our leading industrials investment banking team, and are highly respected for their deep industry knowledge,” said Matt Zimmer, head of Services & Industrials Investment Banking. “We welcome them to our growing team and are excited to continue our advisory transaction momentum globally.”
In 2018, William Blair was the No. 1 advisor to sponsor related deals for transactions under $2 billion¹. William Blair’s Services & Industrials Investment Banking team has been extremely active with more than 50 transactions in 2018 including Parenco’s €460 million sale to Smurfit Kappa, Nora’s €385 million sale to Interface, and Alpha’s $750 million sale to EnerSys.

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AHF Applauds U.S. Government Investment for Women and Girls, Urges Others to Follow

Posted by fidest press agency su domenica, 9 giugno 2019

AIDS Healthcare Foundation (AHF) applauds the U.S. Government for its recent commitment to allocate nearly $2 billion for women and girls worldwide through the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) program and urges other nations to follow this much needed and long overdue example. Every week, approximately 7,000 women ages 15-24 become infected with HIV around the world, and in sub-Saharan Africa, adolescent girls ages 15-19 account for 75% of new HIV infections. These disproportionate statistics are exacerbated by widespread inequality, threats of gender-based violence, and decreased access to healthcare and education.
“We welcome the U.S. Government’s generous allocation for one of the most marginalized groups across the globe—and particularly in developing countries,” said AHF President Michael Weinstein. “AHF has worked for years to highlight the inequality, stigma, discrimination and violence that women and girls face on a daily basis. Our Girls Act! campaign was created to empower those who have no voice and to help ensure women and girls get the support they need to protect themselves from HIV, so they may thrive and pursue their dreams—we hope other countries will follow the United States’ lead and boost their own contributions toward this vital goal.”The world’s wealthiest nations will have a chance to do just that at the Sixth Replenishment of the Global Fund to Fight AIDS, Tuberculosis and Malaria, which is set to convene in France in October of this year. Along with PEPFAR, the Global Fund has proven itself as the world’s best mechanism to fight our most deadly infectious diseases. But for it to effectively continue its lifesaving work, the Global Fund needs to raise at least $18 billion at this year’s Replenishment Conference—a substantially higher amount than the $14 billion fundraising goal it has set for itself.AHF urges world leaders to build on the momentum created by the United States to ensure women and girls have all they need to succeed in leading healthy and productive lives. To see the results of what increased resources can achieve, we invite you to watch a short AHF-produced documentary film titled “Girls Act!” to experience how young women everywhere are winning their battles against HIV and succeeding with confidence, empowerment and knowledge.

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OurCrowd & NOAH Advisors Partner to Jointly Promote Startup Investments in Europe

Posted by fidest press agency su giovedì, 6 giugno 2019

OurCrowd, a leading global investment platform and Israel’s most active venture investor, has announced a new strategic relationship with NOAH Advisors, a leading European corporate finance boutique and organizer of the NOAH Conferences. NOAH Advisors will support OurCrowd in expanding its European deal flow into top European startups, in countries such as Germany, Switzerland, and the UK. As part of the partnership, NOAH Advisors’ network of Family Offices, senior executives, tech investors, and startups will gain access to OurCrowd’s top investment opportunities. NOAH Advisors and selected clients will gain ‘VIP’ access to OurCrowd’s annual Global Investment Summit (February 11th – 13th, 2020) in Jerusalem.This partnership will launch at the NOAH Conference in Berlin (June 13th – 14th, 2019), which will feature selected OurCrowd portfolio companies, the principals of which will have the opportunity to showcase and expand business development relationships in Europe. OurCrowd Management will be speaking at NOAH Berlin, NOAH London (October 30th – 31st, 2019), and the newly announced NOAH Zurich (September 22nd – 23rd, 2020), which will be followed by the first Family Office Day (September 24th), co-hosted with the Family Office Circle (FOC). The Zurich conference is an invite-only event designed to connect international investors and Family Offices with Swiss startups and global success stories.
OurCrowd CEO Jon Medved said, “Europe is practically next door, with many Israeli startups choosing to focus on this market. We are excited to partner with NOAH in growing OurCrowd’s European activity both in terms of high-quality investors and impressive deal flow. There are amazing innovations being developed in Europe now, and now is the time to bring Israel and Europe closer, collaborating on new ideas and innovation finance.”
OAH Advisors founder and CEO Marco Rodzynek said, ”The partnership with OurCrowd allows NOAH to offer fantastic new investment products to our network. Family Offices and high net-worth individuals, who are increasingly interested in growth investments, get directly exposed to the best companies in Israel and globally. Moreover, OurCrowd opens up a new pool of capital to the best European growth companies.”

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Vän Robotics Receives SC Launch, Inc. Investment

Posted by fidest press agency su sabato, 1 giugno 2019

SCRA announces a $200,000 SC Launch, Inc. investment in Vän Robotics. The innovative, Columbia-based company was accepted into SCRA’s entrepreneurial program, SC Launch, in January 2017. Vän Robotics is revolutionizing student learning by combining artificial intelligence and proven teaching techniques into friendly, approachable, and funny robots. The company’s initial robot, ABii, complements classroom learning, or can be used to facilitate learning at home. ABii is the first artificial intelligence tutor and was created by Laura Boccanfuso, Ph.D., based on ten years of research at University of South Carolina and Yale University and her passion for integrating technology into the classroom. In addition to the SC Launch, Inc. investment, Vän Robotics received three grants from SCRA to build a prototype that was used in product testing to get user feedback and to conduct larger consumer tests. The investment will be used to manufacture the company’s first 700 consumer robots.
SCRA is a state-chartered organization that fuels job creation and grows South Carolina’s innovation economy. Through SC Launch, early-stage companies are provided mentoring and grants and may be eligible for an investment from SC Launch, Inc. The SC Launch program is open to qualified South Carolina companies in the Advanced Materials/Manufacturing, Information Technology and Life Sciences sectors.

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The energy of the new technological cycle requires large-scale investments and decisive political action

Posted by fidest press agency su giovedì, 18 aprile 2019

Currently existing technologies for clean power requiring carbon capture and storage increase the cost of electricity by about 60%. New low-cost power systems based on oxy-fuel supercritical CO₂ will be commercially available in the mid-2020s. The so-called “Allam cycle” provides an opportunity not only to produce energy without harmful atmospheric emissions, but also has the additional advantage of low cost for electricity generation (6 cents per kilowatt).Sergey Alekseenko, the 2018 Global Energy Prize laureate, Head of the heat and mass transfer laboratory of the Institute for Thermophysics of the RAS Siberian Branch, underlined the importance of the development of environmentally friendly and efficient technologies to process fossil fuels. In particular, combined-cycle plants and advanced coal processing are the most important steps towards the decarbonization of energy. Although fossil fuels will remain a priority energy source for resource-rich countries Alekseenko stated the world energy mix will radically change due to the development of renewable energy sources (RES), which will start to dominate the global energy balance after 2050. Geothermal energy, and more specifically –petrothermal systems– ( based on hot dry rocks found from 3 to 10 km beneath the surface with temperatures up to 350°C) are the most promising procedures of generating alternative energy, Alekseenko highlighted. In contrast to the variability of sun and wind energy, “Petrothermal energy is on-demand and does not require any energy storage solutions. However, solar and wind energy will likely remain the predominant part of the global energy mix in the future. Therefore the development of renewable energy sources must be accompanied by the creation of efficient energy storage systems,” the scientist mentioned. Further elaborating on the imperative transition to renewable energy sources, Xiansheng Sun, Member of the Global Energy Prize International Award Committee and Secretary General of the International Energy Forum, stated that countries are trying to find an even balance between economic development and the solution of a variety of environmental issues. However, natural disasters caused by climate change are drivers that redirect counties’ development strategies. In pursuit of viable, sustainable energy markets, both corporations and developed countries are turning to new technologies, such as carbon capture, storage and utilization systems, big data analytics, automation, robotics, electric cars and smart grids.
Participants of the Summit concluded that the main challenge for the development of energy in the new technological cycle lies in the hands of political decision makers. While the leading scientists in the field are confident that efficient, environmentally friendly and economically viable technologies are available to provide holistic solutions that were previously impossible, politicians are called upon to take the necessary hard decisions today.

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Giant Chinese state investment fund drops coal

Posted by fidest press agency su domenica, 31 marzo 2019

China’s State Development and Investment Corp, a sovereign wealth fund with more than US$200 billion in assets under management, has announced that it will cease investments in coal power in favour of renewable energy. The announcement, made to Chinese reporters and confirmed by the Australian Financial Review, tracks a national policy of attempting to shift the country onto a cleaner energy track to reduce both emissions and air pollution in its major cities.The SDIC’s move brings it in line with other major investors—including banks, investment funds and state bodies, from the Norwegian sovereign wealth fund to the city of New York—who have reduced their exposure or entirely divested from coal and other hydrocarbons. Last September the investment firm Arabella Advisors estimated that investors representing more than US$6 trillion in assets under management had now divested from fossil fuels.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , | Leave a Comment »