Day: January 31, 2024

DDC Products are Key Components of Infrastructure Supporting Artificial Intelligence ST. LOUIS, Jan. 31, 2024 (GLOBE NEWSWIRE) — Following an initial investment last year, Cequel III announced today that it, with Thompson Street Capital Partners, has taken a controlling interest in privately held DDC Cabinet Technology. Co-founders Chris Orlando and Mark Ortenzi, who launched the DDC Cabinet business in 2011, will continue as minority investors. Financial details of the transaction were not disclosed. DDC is a global leader in the design and manufacturing of innovative data center cabinet and cooling solutions. Among other uses, patented DDC solutions provide superior, cost-effective cooling options for high-density GPU and related computing clusters, which are required to run artificial intelligence (AI) and similar compute-intensive...

SkyQuest projects that the tube packaging market will attain a USD 17.21 billion value by 2030, with a CAGR of 6.1% over the forecast period (2023-2030). The tube packaging market is experiencing a notable surge, spurred by evolving consumer preferences favoring healthful and nourishing dietary choices, particularly in response to the escalating concerns surrounding obesity and the ageing demographic. The heightened awareness of the importance of a balanced diet has increased demand for dried fruit, recognized for its inherent nutritional value. Westford, USA, Jan. 31, 2024 (GLOBE NEWSWIRE) — According to SkyQuest, consumer awareness regarding food content has witnessed a marked evolution over the past few decades in the tube packaging market. As health consciousness becomes increasingly ingrained in consumer behaviors, a discernible...

Vessels chartered to a major energy company Three vessels to be delivered with Special-Survey passed LNG-powered tankers in TEN’s fleet increase to six 11 eco-friendly vessels to join the fleet ATHENS, Greece, Jan. 31, 2024 (GLOBE NEWSWIRE) — TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the acquisition of five high-spec environmentally-friendly vessels from Norway’s Viken Crude AS. The fleet is comprised of two 2023-built Dual-Fuel LNG LR2 aframaxes, one 2019-built super-eco suezmax and two 1A ice-class scrubber-fitted aframaxes built in 2018 and 2019 respectively. The vessels have an average employment of two years with fixed and profit-sharing features totaling over $100 million in minimum gross revenues. TEN will fund the purchase with cash-at-hand and bank finance. With this acquisition, TEN’s LNG-powered tankers, after...

NEW YORK, and HERZLIYA, Israel, Jan. 31, 2024 (GLOBE NEWSWIRE) — InterCure Ltd. (NASDAQ: INCR) (TASE: INCR) (dba Canndoc) (“InterCure” or the “Company“), the leading medical cannabis company in Israel and outside of North America, announced today that it has entered into a share purchase agreement (the “Agreement”) with the shareholders of Leon Pharm Ltd. (the “Sellers”, and “Leon Pharm”, respectively) to purchase Leon Pharm, a leading, Israel-based pharmacy chain specializing in dispensing medical cannabis in Israel, by way of a share purchase of all of the issued and outstanding share capital of Leon Pharm (the “Transaction”).   At the closing, InterCure will cause between 1,755,000 to 1,845,000 shares of the Company to be issued to the Sellers, depending on the share price of the Company at the time of...

GERMANTOWN, Md., Jan. 31, 2024 (GLOBE NEWSWIRE) — Orgenesis Inc. (Nasdaq:ORGS) (“Orgenesis” or the “Company”), a global leader in decentralizing cell and gene therapies (CGTs), today announced it has entered into a definitive agreement with MM OS Holdings L.P., an affiliate of Metalmark Capital Partners (“Metalmark”), for the acquisition of its approximate 25% stake in Octomera LLC (“Octomera”), the cell processing services subsidiary of the Company, thereby allowing the Company to have 100% ownership of this core strategic business unit. In exchange, Metalmark shall receive a royalty of 5% of the net revenue of Octomera’s cell processing services, for the three calendar years 2025-2027, along with a portion of the proceeds attributable to Octomera’s cell processing services should there be a change of control in the next 10 years. Vered...