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Day: March 22, 2022

Industrial Seals Market to Grow Exponentially; Rapid Industrialization to Foster Market Development: Fortune Business Insights™

Companies Profiled in global industrial seals market are SKF (AB SKF) (Sweden), Flowserve Corporation (U.S.), John Crane (Smiths Group plc) (U.S.), Trelleborg AB (Sweden), EnPro Industries, Inc. (Garlock GmbH) (U.S.), Dover Corporation (Waukesha Bearings) (U.S.), SHV (ERIKS Group) (Netherlands), Freudenberg SE (Germany), Tenneco Inc. (Federal-Mogul LLC) (U.S.), Fenner Group Holdings Limited (Hallite Seals) (U.K.) and others Pune, March 22, 2022 (GLOBE NEWSWIRE) — The global industrial seals market size was USD 11.78 billion in 2021. The market is expected to touch USD 17.86 billion by 2029 from 12.11 billion in 2022, exhibiting a CAGR of 5.7% during the forecast period. Rapid industrialization and customized elastomeric seals adoption are expected to propel market growth. Fortune Business Insights™ mentions this information in...

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Intelligent Pump Market to Exhibit a CAGR of 7.4% from 2021 to 2028; Rising Collaborative Efforts Between Dominant Players and Increasing Fluid Control Features to Assist Growth: Fortune Business Insights™

Companies in the Intelligent Pump Market are ITT Corporation, Xylem, KSB Aktiengesellschaft, Flowserve Corporation, Wilo SE, ABB, Grundfos Holding, Sulzar, Colfax Corporation, Regal Beloit, Wanner International, Kirloskar. Pune, India, March 22, 2022 (GLOBE NEWSWIRE) — The Intelligent Pump Market size was USD 0.78 billion in 2020. The market is projected to grow from USD 0.80 billion in 2021 to USD 1.32 billion in 2028 at a CAGR of 7.4% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Intelligent Pump Market, 2021-2028.” Attributes such as monitoring, energy management, and remote-control applications along with additional fluid control features and improved energy efficiency will boost the growth of the market during the forecast period. Additionally, an increasing...

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A.I.S. Resources Bright Gold Project Assay Results, Pathfinder Exploration Update and Historical Findings

Figure 1 Prospect location map for Bright-EL5193Figure 2 Figure 2 Massive pyrite associated with quartz-carbonate vein.Figure 3 Figure 3 Vein hosted massive euhedral arsenopyrite GBDD001 82.8mFigure 4 Figure 4 Drill Section for GBDD001 looking SEFigure 5 Figure 5 Massive arsenopyrite veinlet, 81.25m in GBDD001, preceding interval 81.75-82.5 which returned 2,949ppm AsFigure 6 Figure 6 Tray 1 for Home Reef horizon 78.9-82.95m in GBDD001 (see section in Figure 4)Figure 7 Figure 7 Tray 2 for Home Reef horizon 78.9-82.95m in GBDD001 (see section in Figure 4)Figure 8 Figure 8 Tray 3 for Red Leader Reef horizon 96.7-98.85m in GBDD001 (see section in Figure 4)Figure 9 Figure 9 Location map of holes GBDD001 and GBDD002, Golden Bar Prospect. Both Hole Reef targets and Golden Bar target zones in yellowFigure 10 Figure...

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OROCO CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, Canada, March 21, 2022 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce that it has closed the first tranche of the previously announced non-brokered private placement, issuing 8,054,885 units at a price of $1.70 per unit, for gross proceeds of $13,693,303.90 (the “Financing”).  Each unit consists of one common share and one common share purchase warrant.  Each whole share purchase warrant will be exercisable into one additional common share for a period of 24 months from closing at a price of $2.40 per share.  The Company anticipates closing the second tranche shortly. The proceeds of the Financing will be used, for the continued exploration of the Company’s Santo Tomas Project, provision of a reserve for acquisitions and for general working capital purposes. Pursuant...

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Osisko Development Provides Update on Previously-Announced Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTRÉAL, March 21, 2022 (GLOBE NEWSWIRE) — Osisko Development Corp. (“Osisko Development” or the “Corporation“) (ODV: TSX-V) is pleased to announce that it expects to close the second (and final) tranche of its previously-announced non-brokered private placement of subscription receipts (“Subscription Receipts“) on March 29, 2022. As previously announced, the first tranche of the Corporation’s non-brokered private placement closed on March 4, 2022, for gross proceeds of approximately US$84.8 million. The Corporation has increased the size of the second (and final) tranche of the offering by up to an additional US$10 million of Subscription Receipts to accommodate increased demand to invest in Osisko...

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Burning Rock Reports Fourth Quarter and Full Year 2021 Financial Results

GUANGZHOU, China, March 21, 2022 (GLOBE NEWSWIRE) — Burning Rock Biotech Limited (NASDAQ: BNR, the “Company” or “Burning Rock”), a company focused on the application of next generation sequencing (NGS) technology in the field of precision oncology, today reported financial results for the three months and the year ended December 31, 2021. 2021 Business Overview and Recent UpdatesTherapy Selection  Achieved 38% overall testing volume growth year-on-year during 2021 full-year, with accelerated transition towards the in-hospital segment, our strategic focus. 2021 fourth quarter testing volume growth accelerated to 33% year-on-year, from 14% year-on-year in the third quarter of 2021. Obtained the National Medical Products Administration (NMPA) approval for our second NGS-based companion diagnostics (CDx) kit and software.Minimal...

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Vigil Health Announces Final Order for Acquisition by ASSA ABLOY

VICTORIA, British Columbia, March 21, 2022 (GLOBE NEWSWIRE) — Vigil Health Solutions Inc. (“Vigil” or the “Company”) (TSXV: VGL) announced today that it has obtained a final order from the British Columbia Supreme Court approving the previously announced statutory plan of arrangement (the “Arrangement”) involving the Company and ABLOY Canada Inc. (the “Purchaser”), a subsidiary within the ASSA ABLOY Group, pursuant to which the Purchaser will acquire all of the issued and outstanding shares of Vigil. The granting of the Final Order was a condition to the completion of the Arrangement. The Arrangement is expected to close on or around April 1, 2022, subject to the satisfaction or waiver of conditions to closing, including receipt of the final approval of the TSX Venture Exchange (the “TSXV”), as set out in the Circular. Upon closing...

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