Day: December 26, 2023

   American Environmental to List on Nasdaq Upon ClosingUnder Ticker Symbol: AEPT CANONSBURG, PA, Dec. 26, 2023 (GLOBE NEWSWIRE) — via NewMediaWire –American Environmental Partners, Inc. (“American Environmental,” “AEPT” or “the Company”) (PINK: AEPT), a mission critical environmental services company focused on remediation and processing solutions for infrastructure and industrial companies, today announced that it has signed a definitive agreement and plan of merger on Dec. 21, 2023 with SCWorx Corp. (“Worx”). Upon completion of the transaction and approval of the business combination listing application by Nasdaq, the combined company will be named American Environmental Partners, Inc., and the shares will trade on Nasdaq under the ticker symbol “AEPT.” “This is a transformational event for American Environmental Partners and...

TORONTO, Dec. 26, 2023 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces the successful completion of the previously announced acquisition of all of the shares of Gulf Insurance Group K.S.C.P. (“GIG”) (KW: GINS) under the control of Kuwait Projects Company (Holding) K.S.C.P. and certain of its affiliates, which represents approximately 46.32% of the equity of GIG. On closing, Fairfax’s equity interest in GIG increased from 43.69% to 90.01%, and GIG will continue under the leadership of Khaled Saoud al Hasan, Group CEO of GIG, and Paul Adamson, CEO of GIG Gulf. In accordance with the regulations of the Capital Markets Authority of Kuwait, Fairfax intends to launch a mandatory tender offer to all other shareholders of GIG in the first quarter of 2024. “We are thrilled to have GIG and...

DAYTONA BEACH, Fla., Dec. 26, 2023 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Rex Caton and John Hosey, the owners of Caton-Hosey Insurance (“Caton Hosey”), today announced that Brown & Brown has entered into an agreement to acquire the assets of Caton Hosey. The transaction is expected to close in early January 2024, subject to certain closing conditions. Caton-Hosey shares roots with Brown & Brown in the Florida insurance market reaching back to 1948 with the founding of Caton Insurance in Volusia County. Throughout the 75 year history of the firm, Caton Hosey has been a fixture in central Florida providing personal service and unique insurance solutions for individual and commercial customers. Rex Caton took over the agency from his father Richard Caton...

Growing production of Polyethylene Terephthalate (PET) bottles is a major factor driving the alkylene oxides and glycols market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global alkylene oxides and glycols market size reached USD 48.08 Billion in 2022 and is expected to register a revenue CAGR of 4.9% during the forecast period, according to latest analysis by Emergen Research. Growing production of PET bottles is a major factor driving market revenue growth. Growing production of Polyethylene Terephthalate (PET) bottles is driving revenue growth of the alkylene oxides and glycols market. PET bottles are widely used for packaging beverages, food, personal care products, and other consumer goods owing to their excellent properties such as durability, lightweight, transparency, and resistance to chemicals. The...

Rising adoption of cloud computing and virtualization technologies and development of 5G infrastructure is a key factor driving Virtualized Evolved Packet Core (vEPC) market revenue growth. Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global Virtualized Evolved Packet Core (vEPC) Market size was USD 7.15 Billion in 2022 and is expected to register a steady revenue CAGR of 18.7% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of cloud computing and virtualization technologies is a key factor driving market revenue growth. vEPC refers to a framework that helps the convergence of voice and data on Fourth Generation (4G) and Fifth Generation (5G) networks. Need for vEPC is increasing due to rising acceptance of cloud computing and virtualization technologies. The adoption of cloud-based...

Industrial growth in emerging countries is a key factor driving polyamides (PA) and intermediates market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global Polyamides (PA) and intermediates market size was USD 27.02 Billion in 2022 and is expected to register a steady revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergent Research. Development of recycling technologies for PA is a key factor driving market revenue growth. Recycling technologies for PA have emerged as a significant trend in the industry, driven by rising demand for sustainable and eco-friendly solutions. There is a strong emphasis on finding efficient and effective methods to recycle PA products as concerns about environmental impact and resource conservation increases. The development of recycling technologies...

Rising demand for reduction in transmission and distribution losses is a major factor driving global substation monitoring system market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global substation monitoring system market size is expected to reach USD 10.22 Billion in 2032 and register a revenue CAGR of 7.8% during the forecast period, according to the latest analysis by Emergen Research. Developing IEC 61850 standard to enable interoperability between Intelligent Electronic Devices (IEDs) can be attributed to the steady market revenue growth. At the moment, electric power utilities are dealing with an issue of compatibility between Intelligent Electronic Devices (IEDs) provided by different businesses during extension of an existing electric substation. Recently, an attempt was made to create a global standard...

Rising adoption of surveillance drones and use in smart applications is a key factor driving Ultrasonic Sensor market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global ultrasonic sensor market size was USD 17.45 Billion in 2032 and is expected to register a steady revenue CAGR of 11.1% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of robotics in industrial sectors and  use of ultrasonic sensors in the Food & Beverage (F&B) sector and rising demand of ultrasonic sensors for vehicle parking are key factors driving market revenue growth. Ultrasonic sensor is used to calculate the distance of any object through emitting ultrasonic sound waves and converts the reflected sound into an electrical signal. These sensors are used in many applications and industries,...

Rapid depletion of freshwater resources and industrialization and increasing world population are major factors driving Water Desalination Equipment Market revenue growth Vancouver, Dec. 26, 2023 (GLOBE NEWSWIRE) — The global water desalination equipment market size was USD 15.56 billion in 2022 and is expected to register a rapid revenue CAGR of 9.8% during the forecast period. In response to the alarming depletion of freshwater resources, coupled with the rapid pace of industrialization and a surging global population, the water desalination equipment market is witnessing robust revenue growth. Desalination machinery, a key player in this market, is gaining traction for its ability to convert brackish water, seawater, and other sources into fresh, potable water. Municipalities worldwide are adopting this technology to address...