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Day: January 16, 2023

Virtual Production Market Size Worth USD 7.19 Billion by 2029 | Report by Fortune Business Insights

According to Fortune Business Insights, the global Virtual Production Market size is projected to reach USD 7.19 Billion by 2029, at a CAGR of 14.1% during the forecast period, 2022-2029 Pune, India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global virtual production market size was valued at USD 2.54 billion in 2021. The market is projected to grow from USD 2.86 billion in 2022 to USD 7.19 billion by 2029, exhibiting a CAGR of 14.1% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Virtual Production Market Forecast, 2023-2029.” Key Industry Development The first turnkey virtual production product, VIVE Mars CamTrack, was just released by HTC VIVE. By combining the tracking workflow of an entire camera into a tightly packed, plug-and-play module with professional functionality,...

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IoT Connected Machines Market Size Worth USD 510.85 Billion by 2029 | Report by Fortune Business Insights

As per the report by Fortune Business Insights, the global IoT Connected Machines Market size is projected to reach USD 510.85 Billion in 2029, at a CAGR of 19.2% during the forecast period, 2022-2029 Pune,India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global IoT Connected Machines Market Size was valued at USD 128.05 billion in 2021. The market is projected to grow from USD 149.69 billion in 2022 to USD 510.85 billion by 2029, exhibiting a CAGR of 19.2% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “IoT Connected Machines Market, Forecast, 2023-2029.” Key Industry Development: The industrial IoT was updated by ABB Ltd. for its smart power facility in India. All industrial robots, machinery, and other devices that facilitate industrial digitalization are connected via...

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Barrick Targets 2028 for First Production from Reko Diq

All amounts expressed in US Dollars ISLAMABAD, Pakistan, Jan. 16, 2023 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick president and chief executive Mark Bristow has advised the Pakistan federal and Balochistan provincial government that, following the completion of the legal processes and definitive transaction agreements last month, the company plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production from the giant copper-gold mine in the country’s Balochistan province. Reko Diq will be operated by Barrick, which owns 50% of the project, with Balochistan holding 25% and three Pakistani state-owned enterprises sharing the remaining 25%. The shareholding structure is in line with Barrick’s policy of benefit-sharing partnerships with its host countries. As...

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Denarius Metals Announces Rights Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Denarius Metals Corp. (“Denarius Metals” or “the Company”) (TSXV: DSLV; OTCQB: DNRSF) announced today that it will be making a rights offering (the “Rights Offering”) to eligible holders of its common shares (the “Eligible Holders”) of record at the close of business on January 24, 2023. Pursuant to the Rights Offering, each Eligible Holder will receive one right (a “Right”) for each common share held to purchase one unit (a “Unit”) of the Company at a price of CA$0.40. Each Unit will consist of one common share and one transferrable common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one common share at a price of CA$0.60 per share for a period of three...

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Boreo executes its capital efficiency focused strategy by exiting from SANY excavator business in Finland and Sweden

BOREO PLC                        Investor news                       16 January 2023 at 14:00 EET Boreo executes its capital efficiency focused strategy by exiting from SANY excavator business in Finland and Sweden Boreo Plc and SANY Europe GmbH (“SANY”) have agreed to terminate their excavator dealership agreements in the Finnish and the Swedish markets. The existing dealership agreement for the Estonian market remains intact and HM Nordic Oü, a company part of Boreo’s Heavy Machines Business Area, continues to operate as the SANY dealer in the Estonian market. The decision of the termination follows SANY’s plans to reorganize its operations in the Nordic region and the updated strategy and strategic financial targets of Boreo published in September 2022. “Our ambition is to own businesses with potential to deliver stable earnings growth...

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Award Winning Communications Agency, Talk Shop Starts 2023 Strong, Acquires Jam PR

This move demonstrates Talk Shop’s market confidence and further establishes the agency as a key player in Canada’s communications industry VANCOUVER, British Columbia, Jan. 16, 2023 (GLOBE NEWSWIRE) — Talk Shop, one of Canada’s leading communications agencies, announced today its acquisition of Jam PR, a West Coast public relations firm that brings a journalistic approach to its clients services. This move solidifies Talk Shop as an industry leader making bold moves and further contributing to Vancouver’s economic ecosystem. Launched in 2017 by founder Ada Slivinski, Jam PR is known for its work in media relations, social media management, events, media training, and influencer collaborations. Slivinski brings a successful career as a journalist to her PR business, helping clients tell their stories through media. Slivinski works...

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Supremex Announces the Acquisition of Impression Paragraph Inc.

Transaction further enhances folding carton offering to niche markets MONTRÉAL, Jan. 16, 2023 (GLOBE NEWSWIRE) — Supremex Inc. (“Supremex” or the “Company”) (TSX: SXP), a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced today the acquisition of the shares of Impression Paragraph Inc. (“Paragraph”), an integrated provider of paper-based packaging, print and point of sale products for a broad range of commercial markets. The transaction was concluded for a total consideration of approximately $26.6 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Company’s existing credit facility. Founded more than 35 years ago, Paragraph operates two facilities located in Ville-Saint-Laurent and Saint-Hyacinthe, Québec....

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Allied to Offer Entire UDC Portfolio for Sale

Leading Provider of Distinctive Urban Workspace Reaffirms Mission and Maintains Commitment to Balance Sheet This news release constitutes a “designated news release” for the purposes of Allied’s prospectus supplement dated November 12, 2021, to its short form base shelf prospectus dated June 2, 2021, as amended on November 11, 2021. TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) recently completed the initial phase of its exploration of the sale of its network-dense, carrier-neutral, urban-data-centre (UDC) portfolio in Downtown Toronto (the “Portfolio”). Scotiabank acted as Allied’s exclusive financial advisor in this regard. The Portfolio is comprised of freehold interests in 151 Front Street West (“151 Front”) and 905 King Street West...

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Car Rental Market to Surpass USD 223.21 Billion by 2028 Owing to the Technological Advancement in the Service Offering

Global Car Rental market size was valued at USD 110.88 billion in 2021, and it is expected to reach a value of USD 223.21 billion by 2028, at a CAGR of 11.5% over the forecast period (2022–2028). Westford, USA, Jan. 16, 2023 (GLOBE NEWSWIRE) — SkyQuest’s analysis of the Car Rental market provides valuable insights. The industry is currently in a growth phase, with sales increasing at a rate of 11.5% per year. However, there is potential for further growth, particularly in the premium segment of the market. One of the key drivers is that Car Rental adoption is anticipated to increase as a result of people travelling for both business and pleasure around the world, which is accelerating the industry’s growth. Increasing internet penetration in both developed and emerging economies has aided market enterprises in capturing...

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Dundee Precious Metals Announces Discovery of Significant High-Grade Deposit at Čoka Rakita; Results Include Drill Intercept of 40 metres at 63.6 g/t Au and 0.11% Cu

Figure 1. Overview map with project location.Figure 2. Tilted slice looking down along high-grade skarn mineralization. along high-grade skarn mineralization.Figure 3. Long-section through Čoka Rakita looking east, displaying drilling intercepts, geology and exploration targets.Figure 4. Cross-section through Čoka Rakita looking north, displaying drilling intercepts, geology and exploration targets.Figure 5. Photographs of representative high-grade gold mineralized drill core from hole RADDMET001.TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce the discovery of a high-grade deposit at the Čoka Rakita exploration prospect in eastern Serbia and report exceptional results from recent drilling. Čoka Rakita is located three kilometres southeast...

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