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Month: August 2022

Power Rental Market Size to Reach USD 16.70 Billion at CAGR of 7.9% by 2028 | Escalating Demand for Efficient Backup Power Solutions to Favor Market Growth

Investments in Renewable Power Rental Solutions by Key Players to Intensify Competition Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global power rental market size is projected to reach USD 16.70 billion by 2028, exhibiting a CAGR of 7.9% during the forecast period. Increasing investments in renewables will create incredible opportunities for rental power providers, predicts Fortune Business Insights™ in its report, titled “Power Rental Market, 2021-2028”. The report states, the global market value stood at USD 8.85 billion in 2020 and USD 9.78 billion in 2021 respectively. Fortune Business Insights presented this information in recently published “Global Power Rental Market Forecast 2021-2028 Report”. Key Industry Development:October 2020: Aggreko announced the availability of its 1 MW solar power rental solution, optimized...

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OKYO Pharma Plans Q4 2022 IND Filing of OK-101 to treat Dry Eye Disease with Subsequent Phase 2 Initiation Alongside Peptide Manufacturing Partner, AmbioPharm

OK-101 to treat ocular diseases, including Dry Eye Disease (DED), uveitis, allergic conjunctivitis, and ocular pain. Successful pre-IND meeting with FDA in Q1 2022 and novel speed to market potential. IND filing on OK-101 to treat DED planned for Q4 2022, with first human trial designed as Phase 2 trial planned to begin in Q1 2023. Multibillion-dollar DED market whose medical needs remain largely unmet. AmbioPharm supporting OK-101 program with peptide synthesis and development.LONDON and NEW YORK and NORTH AUGUSTA, S.C., Aug. 30, 2022 (GLOBE NEWSWIRE) — OKYO Pharma Limited (NASDAQ: OKYO; LSE: OKYO), a biotechnology company focused on the discovery and development of novel molecules to treat inflammatory dry eye diseases and ocular pain, plans a Q4 2022 IND filing for OK-101 to treat dry eye disease (DED), with AmbioPharm playing...

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Mkango Releases Financial Statements and Management’s Discussion and Analysis for the Period Ending June 30, 2022

LONDON and VANCOUVER, British Columbia, Aug. 30, 2022 (GLOBE NEWSWIRE) — Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or “Mkango”), is pleased to announce that it has released the Financial Statements and Management’s Discussion and Analysis for the period ending June 30, 2022. The reports will be available under the Company’s profile on SEDAR (www.sedar.com) and on the Company’s website (https://mkango.ca/investors/financials/). For further information on Mkango, please contact:Mkango Resources LimitedWilliam DawesChief Executive Officerwill@mkango.caCanada: +1 403 444 5979www.mkango.ca@MkangoResources Alexander LemonPresidentalex@mkango.ca   BlytheRayFinancial Public RelationsTim BlytheUK: +44 207 138 3204     SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerJeff Keating,...

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Mobility as a Service Market Size to Hit USD 774.93 Billion by 2029 | Exhibit a CAGR of 18.5%

Growing Digitalization and Digital Payment Solutions to Propel Growth of Global Mobility as a Service Market Industry Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the global mobility as a service market size is projected to hit USD 774.93 billion by 2029 and exhibit a CAGR of 18.5% during the forecast period. The market size stood at USD 187.31 billion in 2021 and USD 236.42 billion in 2022. European countries to reduce CO2 emissions by 2035, to make Europe first Automotive Emission free continent in world, such factors boosting the mobility as a service market size in Europe. Increasing trend of digital payment to augment adoption of service. Industry DevelopmentFebruary 2022: Uber proclaimed the development of its offering to involve a B2B service called “Uber Bus for Business” as a...

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Metal Cutting Tools Market to Reach USD 105.46 Billion by 2029 | Great Demand for CNC Lathe Machines to Assist Metal Cutting Tools Market Growth

Companies covered in the metal cutting tools market are Yamazaki Mazak Corporation, Doosan Machine Tools Co., Ltd., Trumpf, Amada Machine Tools Co., Ltd, JTEKT Corporation, Okuma Corporation, Hyundai WIA, FANUC America Corporation, Komatsu Ltd., and more players profiled Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global metal cutting tools market size was valued at USD 73.29 billion in 2021. The market is projected to grow from USD 75.97 billion in 2022 to USD 105.46 billion by 2029, exhibiting a CAGR of 4.8% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Metal Cutting Tools Market, 2022-2029.” Get a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/metal-cutting-tools-market-101751 List of Key Players Mentioned in the Report:Yamazaki...

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Abrasives Market to Reach USD 64.81 Billion by 2029 | Abrasives Industry to Grow at a CAGR of 5.9% During 2022-2029

Key companies covered in Abrasives Market are The 3M Company (U.S.), Saint-Gobain (U.S.), Krebs & Riedel (Germany), Asahi Diamond Industrial Co., Ltd. (Japan), Robert Bosch GmbH (Germany), Fujimi Incorporated (Japan), Henkel AG & Co. KGaA (Germany), Carborundum Universal Limited (India), NIPPON RESIBON CORPORATION (Japan), KWH Mirka (Finland), NORITAKE CO., LIMITED (Japan) and Other Key Players. Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global abrasives market size was USD 41.05 billion in 2021. The market is projected to grow from USD 43.43 billion in 2022 to USD 64.81 billion by 2029 at a CAGR of 5.9% during the 2022-2029 period. Fortune Business Insights™ publishes this information in a report titled, “Abrasives Market, 2022-2029”. As per the report, the market is expected to grow during the projected...

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Food Service Market Projected to Reach USD 5,194.60 Billion by 2029 | At 10.76% CAGR During Forecast Period 2022-2029

Key companies covered in food service market are McDonald’s (U.S.), Starbucks (U.S.), Yum! Brands, Inc. (U.S.), Darden Restaurants, Inc. (U.S.), Restaurant Brands International Inc. (Canada), The Wendy’s Company (U.S.), Bloomin’ Brands, Inc. (U.S.), Papa John’s International, Inc. (U.S.), Chipotle Mexican Grill, Inc. (U.S.), Domino’s (U.S.) ajnd many more Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global food service market size crossed USD 2,323.29 billion in 2021. The market value is projected to rise from USD 2,540.05 billion in 2022 to USD 5,194.60 billion by 2029 at a CAGR of 10.76% during 2022-2029. Growth can be attributed to the rising disposable incomes of consumers, evolving lifestyles of consumers, particularly millennials, and the rising number of cafes, restaurants, and fast-food chains. Growing...

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Schlumberger, Aker Solutions and Subsea 7 Create Joint Venture

Luxembourg – 30 August 2022 – Schlumberger, Aker Solutions and Subsea 7 today announced an agreement to form a joint venture to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil and lower development costs while simultaneously delivering on their decarbonization objectives. The proposed joint venture will comprise the subsea businesses of Schlumberger and Aker Solutions, with Subsea 7 purchasing 10% of the joint venture for $306.5 million. This combination brings together deep reservoir domain and engineering design expertise, an extensive field-proven subsea production and processing technology portfolio, world-class manufacturing scale and capabilities, and a comprehensive suite of life-of-field solutions to customers all over the world. The transaction is subject...

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Adevinta ASA (ADE) – Adevinta reports strong Q2 2022 financial performance; confirms targets for Core Markets, FY 2022 and Synergies

New CEO, Antoine Jouteau, appointed 15 August 2022 Core markets revenues up 10% year-on-year and Group EBITDA margin up 260 basis points vs. Q1 2022  Portfolio optimisation progressing at pace, with exit process underway for Mexico along with the sale of Australia and South Africa announced Continued delivery on strategy for growth businesses; FY 2022, mid to long term and synergy targets confirmedOslo, 30 August 2022 – Adevinta ASA (ADE) (“Adevinta” or “the Company”) reported strong revenue growth of 8%1 in the second quarter compared to the same period last year. This can be attributed to strong recovery in Mobile.de and continued solid performance in other core markets, with Adevinta’s core markets posting a combined 10% year-on-year revenue growth. Online classifieds revenues improved by 11% year-on-year, supported by double-digit...

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Powder Coatings Market to Reach USD 18.95 Billion by 2028 | Powder Coatings Industry Exhibit A CAGR of 6.2%

Key companies covered are PPG Industries, The Sherwin-Williams Company, Jotun, Akzo Nobel N.V., Kansai Nerolac Paints Limited, Berger Paints India Limited, TCI Power, BASF SE and more players profiled in a powder coatings market research report. Pune, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global powder coatings market size was USD 11.58 billion in 2020 and is anticipated to reach USD 18.95 billion by 2028, exhibiting a CAGR of 6.2% from 2021 to 2028. The growth can be credited to the rising product deployment in a range of end users powered by the lower costs of operation and the ease of application in thicker layers. As cited by Fortune Business Insights™ in its research report, titled “Powder Coatings Market, 2021-2028”, the expansion of the construction industry is one of the major factors driving product demand over the forecast...

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