Month: June 2022

Simplification of corporate structure of Casino Group in France Paris, 15th June 2022, Casino Group envisages to simplify its corporate structure and increase the legibility thereof by regrouping all its food retail entities in France (mainly Franprix, Monoprix, Distribution Casino France, Easydis and AMC) under a single holding company, 100%-held by Casino, Guichard-Perrachon. The Group’s financial reporting segments and the management structure would not be modified. The relevant employee representatives’ bodies will be informed and consulted in accordance with applicable legal requirements. Said corporate simplification is expected to complete before the end of 2022. Important Information This press release and the information contained herein does not constitute an offer to repurchase the bonds or an invitation to sell the bonds...

VICTORIA, BRITISH COLUMBIA, June 15, 2022 (GLOBE NEWSWIRE) — FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN: FSI, FRANKFURT: FXT), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. Today the Company is very pleased to announce food grade compliance at NanoChem’s Peru, Illinois factory. Dan O’Brien, CEO comments, “The NanoChem division in IL has spent substantial effort over the last 18 months and is pleased to have achieved food grade compliance for the entire Peru plant.” CEO O’Brien continues, “This is especially important for our expanding toll spray drying...

Recylex S.A. (Euronext Paris: FR0000120388 – RX) (the “Company“) announces today that a single offer to take over the two industrial sites located in Escaudoeuvres and Villefranche-sur-Saône was presented to the Paris Commercial Court at the hearing for the examination of offers on June 14, 2022. As a reminder1, this offer was made by the Belgian company Campine NV and covers the acquisition of the assets of the two used lead-acid battery recycling sites as well as the polypropylene waste recycling business of the subsidiary C2P S.A.S. (via an acquisition of the corresponding shareholding). The date of the final decision of the Commercial Court (deliberation) has been set for July 6, 2022. The Company will inform the market of the Court’s decision. The Company reminds that, given the importance of the debts and...

Real property management and development company Akropolis Group, the leader among shopping and entertainment centres in the Baltic States, has maintained its credit rating from the international rating agency S&P Global Ratings (S&P). Having assessed the financial situation of Akropolis Group and the prospects of its key indicators, the S&P agency decided to leave the BB+ credit rating with a stable outlook granted to the company last year. The report of the rating agency confirms, that Akropolis Group, being one of the core subsidiaries of Vilniaus Prekyba, has successfully handled the challenges of the pandemics period, company’s financial situation is robust, and the managed shopping centres are operating stably and have strong leading positions in the market. The report also states that operational financial results...

The accessibility of cloud gaming brings gaming to a wider audience and supports the uptake in mobile gaming LONDON, June 15, 2022 (GLOBE NEWSWIRE) — E-gaming providers are revamping their cloud gaming subscriptions, expanding their gaming portfolio, and making their games available across more platforms. All that is required for cloud gaming is a subscription, a smartphone, TV, or laptop, and an internet connection. Telcos are well positioned to take advantage of the cloud computing market. Telcos can provide the connectivity to end-users to support cloud gaming and the network infrastructure such as data centers for cloud gaming providers. The Europe E-gaming Market Research Report offered by GlobalData Plc highlights the latest developments among a selection of global e-gaming and entertainment companies. It also explores telco...

Loitering munitions are a rapidly expanding segment within unmanned systems and munitions LONDON, June 15, 2022 (GLOBE NEWSWIRE) — While loitering munitions have been in use for several decades, their use has increased significantly in the past years, with the coming decade expected to see unprecedented growth in the market. The loitering munitions market will benefit from increased modularity, increased use of artificial intelligence (AI), use of swarm technology, and increased sensor capabilities in the next ten years. The market will also benefit greatly from the increased proliferation of unmanned systems, as the mass use of such systems drives down the cost of mutual components, with the low cost of the systems being paramount to their application. The Loitering Munitions Market Research Report offered by GlobalData Plc provides...

The electric vehicles (EV) insurance market size was worth $49 billion in 2020 LONDON, June 15, 2022 (GLOBE NEWSWIRE) — Falling EV prices, greater battery ranges, and sufficient charging infrastructure will contribute to the worldwide proliferation of EVs, growing the market for EV insurance in parallel. The automotive industry is undergoing an unprecedented evolution, and the rapid, global spread of EVs is the most immediately pressing matter in the industry. The insurance industry must ensure it stays abreast of the changing motor vehicle landscape. Understanding and pricing the risk profile of these new vehicles without decades of data and experience is an immediate challenge, a race against time as insurers look to perfect this work as the prominence of EVs grows around the world. Battery costs, advanced in-vehicle technologies,...

The global virtual reality (VR) market size was worth nearly $5 billion in 2020 LONDON, June 15, 2022 (GLOBE NEWSWIRE) — The VR market is expected to grow at a CAGR of more than 25% during 2021-2030. GlobalData expects enterprises to become the key market for VR over the next three years, outpacing the consumer segment. VR is already in use across retail, defense, airlines, oil and gas, and healthcare, primarily for training. The COVID-19 pandemic triggered a shift to remote working that has boosted the adoption of VR by enterprises for training, collaboration, data visualization, and customer experience. VR will be a key technology in the future of work, and the development of enterprise-grade metaverse platforms will further enhance its appeal. The Virtual Reality Market Research Report offered by GlobalData identifies the key...

A UK client has chartered the Safe Boreas to provide gangway connected operations to support a platform shutdown in the UK North Sea. The firm duration of the contract, starting September 2022, is 21 days with up to 30 days of options. The value of the contract firm duration is USD 3.7 million. Jesper Kragh Andresen, CEO of Prosafe says: “The Safe Boreas is presently operational in the Norwegian sector and this contract will provide supplemental utilisation in 2022. Furthermore, this commitment from the client demonstrates the flexibility and value offered by the Safe Boreas for a relatively short duration workscope.” Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com ...

The battery market size was valued at $55 billion in 2020 LONDON, June 15, 2022 (GLOBE NEWSWIRE) — The batteries market is expected to grow at a CAGR of over 13% during the forecast period. The accelerating EV industry (passenger cars and commercial vehicles) will be front and center of the battery market growth over the next decade. Both the battery and EV industries will have to work closely with the public sector, capital markets, and other stakeholders to scale cheaper, longer life, cleaner, and more recyclable batteries, battery components, and battery materials. Also, the circular battery economy will be critical to the energy transition, and it is vital for nations (and companies) to develop domestic recycling. The Batteries Market Research Report offered by GlobalData Plc provides an overview of the battery market and the...