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Year: 2022

Global Fall Protection Equipment Market to Hit Revenue of $4.36 Billion by 2028 | 3M and Honeywell to Dominate Market

Global fall protection equipment market is valued at USD 2.61 billion in 2021, and it is anticipated to attain a value of USD 4.36 billion by 2028, at a CAGR of 6.1% over the prediction period (2022–2028). Westford, USA, Dec. 06, 2022 (GLOBE NEWSWIRE) — Global fall protection equipment market is expected to grow significantly in the next few years. This growth is driven by the increasing number of regulations and standards that require the use of fall protection equipment, as well as the growing awareness of the importance of safety in the workplace.   In terms of new regulations, the most notable recent development has been the introduction of a mandatory requirement for fall arrest systems in construction workplaces in the European Union. This regulation is expected to have a positive impact on the industry as a whole, as it...

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Global Magnesium Market to Worth $6.36 Billion by 2028 | China Produces 80% of Magnesium | SkyQuest Technology

Global magnesium market was valued at USD 4.37 billion in 2021, and the market size is estimated to reach USD 6.36 billion by 2028, at a CAGR of 5.50% over the forecast period (2022-2028). Westford, USA, Dec. 06, 2022 (GLOBE NEWSWIRE) — SkyQuest’s report on the magnesium market highlights the potential for growth in this sector. The report notes that, while magnesium production has traditionally been concentrated in China, there is increasing interest in developing magnesium deposits in other countries. This is due to the growing demand for magnesium-based products, particularly in the automotive and aerospace industries.  It is the lightest structural metal known, making it ideal for use in aviation and aerospace applications. Additionally, magnesium has a high strength-to-weight ratio, making it ideal for use in automotive...

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Vitru Announces Closing of Crescera Option

FLORIANÓPOLIS, Brazil, Dec. 06, 2022 (GLOBE NEWSWIRE) — Vitru Limited (Nasdaq: VTRU) (“Vitru”) today announced the closing of the rights offering shortfall option by Crescera pursuant to the investment agreement (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Investment Agreement”) entered into on September 27, 2022 with Crescera Growth Capital Master V Fundo de Investimento em Participações Multiestratégia and Crescera Growth Capital V Coinvestimento III Fundo de Investimento em Participações Multiestratégia (collectively, “Crescera”). As a result of the exercise of the option, Crescera has subscribed for 215,903 new common shares issued by Vitru (which, upon issuance, amount to approximately 0.6% of Vitru’s outstanding common shares) for a total consideration of US$3,458,766...

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Orbit International Corp. Reports Consolidated Bookings of Approximately $3,700,000 in November 2022

Both Electronics and Power Group Again Report Firm Booking Months Consolidated Bookings During Current Quarter Reach Approximately $8,700,000 HAUPPAUGE, N.Y., Dec. 06, 2022 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT), an electronics manufacturer and software solution provider, today announced that consolidated bookings for the month of November 2022 were approximately $3,700,000. Deliveries for some of these orders have already commenced and are expected to continue through the first quarter of 2024. Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that our consolidated bookings for the month of November were approximately $3,700,000. This firm booking month comes on the heels of orders received in excess of $5,000,000 for the month of October, representing our strongest...

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Global Backpack Market to Touch Sales of $25.8 Billion by 2028 | Premiumization is at Its Peak in Market | SkyQuest Technology

Global backpack market was valued at USD 19.2 billion in 2021, and it is expected to reach a value of USD 25.8 billion by 2028, at a CAGR of more than 6.4% over the forecast period (2022-2028). Westford, USA, Dec. 06, 2022 (GLOBE NEWSWIRE) — Global backpack market has been growing steadily for the past few years. However, SkyQuest’s analysis shows that there is scope for further growth. The main reason for this is the rising popularity of outdoor activities such as hiking and camping. The analysis shows that there are three main groups of backpackers: occasional, regular and hardcore. The occasional backpacker is the most common, accounting for 55% of all backpackers. They typically go on one or two trips per year and their main motivation is convenience. Regular backpackers make up 30% of all backpacker market and are more...

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Aero Engine Composite Material Market to Reach USD 5.17 Billion by 2029 | Fortune Business Insights™

According to Fortune Business Insights, the Global Aero Engine Composite Material Market Size is projected to reach USD 5.17 Billion by 2029, at CAGR of 8.76% during forecast period 2022-2029 Pune, India, Dec. 06, 2022 (GLOBE NEWSWIRE) — The aero engine composite material market size was valued at USD 2.53 billion in 2021. It is projected to grow from USD 2.87 billion in 2022 to USD 5.17 billion by 2029 at a CAGR of 8.76% during the forecast period. The market is anticipated to ramp up due to its excellent properties, such as high hardness and strength, without losing its superior heat treatment properties. Fortune Business Insights™ stated this in a report titled, “Aero Engine Composite Material Market, 2022-2029.” COVID-19 Impact: Supply Chain Disruption Hampered the Product Demand The COVID-19 pandemic negatively...

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AITX Announces Filing of Prospectus Supplement and Updates Guidance

Artificial Intelligence Technology Solutions, Inc. AITX Announces Filing of Prospectus Supplement and Updates GuidanceCompany Files Prospectus Supplement and Forecasts Significant Growth with Updated Guidance Detroit, Michigan, Dec. 06, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced that today it has filed with the SEC a Prospectus Supplement (the “Prospectus Supplement”) to the Prospectus included in the Company’s Form S-3 registration statement that was declared effective by the SEC on September 10, 2021. The Prospectus Supplement discloses the terms of an Amended Purchase Agreement with GHS Investment, LLC (“GHS”), dated December 5, 2022, whereby GHS has agreed...

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Healthy Extracts’ Whitney Johns Launches Brain Activate ENERGY Gel Packs on WhitneyJohns.com

Brain Activate – ENERGY Gel Brain Activate – ENERGY Gel is a rapidly absorbed focus and cognitive enhancer that is ready to go when you are.EEG Brain Scan Images from EEG scans following the consumption of the company’s active ingredients. Orange and red indicate higher levels of brain activity.LAS VEGAS, Dec. 06, 2022 (GLOBE NEWSWIRE) — Healthy Extracts Inc. (OTCQB: HYEX), a leading innovator of clinically proven plant-based products for heart and brain health, announced its top brand influencer, Whitney Johns, has launched Brain Activate – ENERGY Gel™, a unique proprietary gel pack nootropic formulation available to order today from whitneyjohns.com. The concentrated natural gel formulation provides the perfect “brain food” for sustained mental energy and attention without added sugars. Clinical...

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Quantum Computing Inc. to Help Rabobank Fight Fraud with Entropy Quantum Computing

Quantum Computing Leader Enlisted by Global Bank to Demonstrate Quantum-Enhanced Detection of Fraudulent Payment Transactions LEESBURG, Va., Dec. 06, 2022 (GLOBE NEWSWIRE) — Quantum Computing Inc. (QCI) (NASDAQ: QUBT), a leader in accessible full stack quantum solutions, today announced that it will work together with Rabobank, one of the world’s largest banks in its sectors, for a project to demonstrate the application of its photonic quantum information technologies, including the Dirac 1 entropy quantum computing (EQC) system, to fraud detection. Fraudulent card transactions cost the banking industry billions of dollars annually as cybercriminals continue using increasingly sophisticated techniques to try to thwart online security measures. Forward-thinking banks are investigating advanced quantum computing technologies as a...

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Directed Energy Weapons Market to Reach USD 17.43 Billion by 2029 | Fortune Business Insights™

According to Fortune Business Insights, the Global Directed Energy Weapons Market Size is projected to reach USD 17.43 Billion by 2029, at CAGR of 9.48% during forecast period 2022-2029 | Directed Energy Weapons’ High Demand and Adoption Rate Will Fuel the Market Growth Pune, India, Dec. 06, 2022 (GLOBE NEWSWIRE) — The global directed energy weapons market size was valued at USD 8.54 billion in 2021. The market is projected to grow from USD 9.24 billion in 2022 to USD 17.43 billion by 2029, exhibiting a CAGR of 9.48% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Directed Energy Weapons Market, 2022-2029.” COVID-19 Impacts: Average Market Growth During the Pandemic Was Driven by High Development Costs and Lack of Significant Budgetary Allocation The COVID-19 pandemic’s...

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