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Day: November 24, 2022

Infineon and Fingerprints step into cooperation on the all-in-one solution SECORA™ Pay Bio that will bring biometric payment cards to a new level

Munich, Germany and Gothenburg, Sweden – 24 November, 2022 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Fingerprint Cards AB (STO: FING B) today announced the signing of a joint development and commercialization agreement of a plug-and-play turnkey solution for a biometric payment smart card. The goal of the cooperation is to make biometric smart card production as simple and easy as producing a standard dual interface payment card. This comprehensive SECORA™ Pay Bio turnkey solution will include both Fingerprints’ FPC1323 sensor with its biometric software algorithm and Infineon’s upcoming SLC39B Secure Element. This off-the-shelf solution will come with a pre-certified Java Card™ operating system including Mastercard and Visa bio-applets. With the development of the innovative Infineon Biometric Coil on...

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OKYO Pharma Limited – PDMR dealing

LONDON and BOSTON, Nov. 24, 2022 (GLOBE NEWSWIRE) — OKYO Pharma Limited (LSE: OKYO; NASDAQ: OKYO), an ophthalmology-focused bio-pharmaceutical company which is developing OK-101 to treat dry eye disease to address the significant unmet need in the multi-billion-dollar market, announces that the board of directors of the Company (the “Board” or “Directors“), acting on a recommendation of the Remuneration Committee has awarded Mr Raj Patil, the Company’s Chief Scientific Officer, a total of 5,000,000 options at an exercise price of 6.25 pence per share, in recognition of his work in achieving the recent IND filing for OK-101. The options vest immediately and have a life of five years. This information set out below is provided in accordance with Article 19(3) of UK MAR. 1 Details of PDMR / person closely...

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Fanhua Announces Execution of a Term Sheet to Acquire Majority Interests in Zhongrong Smart Finance Information Technology Co., Ltd.

GUANGZHOU, China, Nov. 24, 2022 (GLOBE NEWSWIRE) — Fanhua Inc. (“Fanhua” or the “Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has signed a term sheet (the “Term Sheet”) with the existing shareholders of Zhongrong Smart Finance Information Technology Co., Ltd. (“Zhongrong”) to acquire 57.73% equity interests of Zhongrong in an all-stock transaction. The transaction is expected to be completed in January 2023, subject to certain customary conditions, including completion of satisfactory due diligence. Pursuant to the Term Sheet, the proposed transaction will involve the issuance of up to 62 million new ordinary shares of Fanhua, representing 5.44% of its enlarged share capital, in exchange for 57.73% of the equity interests of Zhongrong. Established in 2018, Zhongrong...

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Hexatronic acquires leading microduct business KNET for an expected USD 63 million

Press release November 24, 2022Gothenburg, Sweden Hexatronic acquires leading microduct business KNET for an expected USD 63 million Hexatronic Group AB (publ) (“Hexatronic”) has entered into a definitive agreement to acquire KNET CO., LTD (“KNET”) – one of the global leaders within microduct solutions for the telecommunication industry – for an expected enterprise value of USD 63 million. KNET KNET is a global leader and pioneer in the development and manufacturing of microduct solutions for the telecommunication industry. Since 2002 the company has delivered to more than 70 countries on 5 continents. Today the main markets are North America followed by Europe and Asia. KNET is headquartered in Seoul and has a manufacturing plant in Jeongeup-si in the Southern part of South Korea. The company also has offices in the US and...

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Adevinta ASA (ADE) – Adevinta reports strong third quarter performance; announces new appointments to its leadership team and assignment of vertical responsibilities

Acceleration of core markets revenue growth: +12% year-on-year EBITDA margin of 34.5%, excluding French DST1, benefiting from strict cost management New leadership team, with new key appointments; assignment of vertical responsibilities to align with the ‘Growing at Scale’ strategy: Re-Commerce, Mobility, Real Estate & Emerging VerticalsOslo, 24 November 2022 – Adevinta ASA (ADE) (“Adevinta” or “the Company”) reported strong revenue growth of 12% for core markets in the third quarter compared to the same period last year, as a result of strong recovery in Mobile.de and continued solid performance in other markets.Online classifieds revenues improved by 13% year-on-year, supported by double-digit revenue growth in Jobs and Motors benefiting from successful price increases, higher dealer penetration and high added-value...

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Bioplastics Market to Surpass USD 15,552.3 Million by 2028 | CAGR of 10.7%

Companies covered in Bioplastics Market are Toray Industries, Inc. (Japan), Kaneka Takasago (Japan), Taghleef Industries (U.A.E.), Matrìca S.p.A. (Italy), NatureWorks LLC (U.S.), PTT MCC Biochem Co., Ltd. (Thailand), Novamont S.p.A. (Italy), LyondellBasell Industries Holdings B.V. (Netherlands) and many more Pune, India, Nov. 24, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights™, the worldwide bioplastics market size is growing tremendously due to shifting trends toward biodegradable substances, as stated in a report title, “Bioplastics Market Size, Share and Global Analysis, 2021-2028.”As per the report, the market size stood at USD 7,043.9 Million in 2020. It is projected to grow from USD 7,616 Million in 2021 to USD 15,552.3 Million by 2028 at a CAGR of 10.7% during the forecast period. The demand for bioplastics...

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Ammunition Market to Hit USD 29.96 Billion by 2027 | Exhibiting a CAGR of 1.71% by 2020-2027

According to Fortune Business Insights, the Global Ammunition Market Size is projected to reach USD 29.96 Billion by 2027, at CAGR of 1.71% during forecast period 2020-2027 | Increasing Political Unrest to Accelerate Growth Pune, India, Nov. 24, 2022 (GLOBE NEWSWIRE) — The global ammunition market is set to gain momentum from the increasing usage of 9mm cartridge as compared to the other calibers. It is mainly occurring because of the ongoing technological advancement, as well as its ability to perform in a versatile way. This information is provided by Fortune Business Insights™ in a recent report, titled, “Ammunition Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027.” The report further mentions that the global market size was USD 25.46 billion in 2019 is projected to reach USD 29.96...

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Ground Penetrating Radar Market to Hit USD 612.6 Million by 2029 | At a CAGR of 7.58% by 2022-2029

Companies Covered in Ground Penetrating Radar Market are Chemring Group (U.K.), Geophysical Survey Systems Inc. (U.S.), Geoscanners (U.K.), Guideline Geo (Sweden), IDS Georadar (Italy), Israel Aerospace Industries Ltd (Israel), Pipehawk Plc (U.K.), Raytheon Technologies Corporation (U.K.), Radiodetection Ltd. (U.K.), Saab AB (Sweden), Thales Group (France) and Other key players Pune, India, Nov. 24, 2022 (GLOBE NEWSWIRE) — The ground penetrating radar market size was valued at USD 336.2 million in 2021. The market is likely to grow from USD 367.3 million in 2022 to USD 612.6 million by 2029, exhibiting a CAGR of 7.58% during 2022-2029. The rising adoption of real-time services and procurement of GPR systems are likely to boost industry growth. Fortune Business Insights™ presents this information in its report titled “Ground...

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Interim consolidated financial statement of Grigeo AB covering 9 months of 2022

Over 9 months of 2022, Grigeo AB company group (hereinafter – the Group), consisting of Grigeo AB, Grigeo Packaging UAB, Grigeo Baltwood UAB, Grigeo Klaipėda AB, Mena Pak AT, Grigeo Recycling UAB, Grigeo Recycling SIA and Grigeo investicijų valdymas UAB achieved the consolidated sales turnover of EUR 152.5 million. It is by EUR 34.8 million more than over respective period of 2021. Over the reporting period, the Group earned EUR 7.0 million profit before taxes, which is by EUR 4.7 million less than in the same period in 2021. Earnings before interest, taxes, depreciation, and amortization (EBITDA) of the Group, if compared with 9 months of 2021, decreased by EUR 5.1 million and reached EUR 14.1 million. Over the reporting period, Grigeo AB (hereinafter – the Company) sales amounted to EUR 64.7 million, which is by EUR 16.0 million more...

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Proactive news headlines including Jindalee Resources, Alto Metals, Accelerate Resources and Vango Mining

Sydney, Nov. 24, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:Jindalee Resources Ltd (ASX:JRL) has extended the area of mineralisation at its 100%-owned McDermitt Project in Oregon, USA, by delivering further broad, high-grade lithium hits from an ongoing drilling program with shares trading higher. Click here Alto Metals Ltd (ASX:AME) has been rewarded with more high-grade gold during reverse circulation (RC) drilling at the Sandstone Gold Project’s Indomitable camp in WA. Click here Accelerate Resources Ltd (ASX:AX8) has soared on identifying numerous outcropping pegmatites in maiden reconnaissance work at East Pilbara Lithium Project in Western Australia, highlighting the potential for lithium mineralisation. Click...

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