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Month: January 2024

VIVOPOWER ANNOUNCES FOLLOW-ON STRATEGIC DIRECT INVESTMENT IN TEMBO AT US$120M PRE-MONEY VALUATION

Investment secured from private investment office backed by member of ruling Al Maktoum family of Dubai Initial US$2.5 million investment made in June 2023 included an option to increase investment to up to US$10 million based on meeting certain milestones Tembo has now met milestones to qualify for additional follow-on investment of US$5 million, for an aggregate total investment to date of US$7.5 million LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR, “VivoPower” or the “Company”) is pleased to announce that its subsidiary Tembo e-LV B.V. (“Tembo”) has met milestones to obtain a further follow-on strategic direct equity investment of US$5 million into Tembo, at a pre-money valuation of US$120 million. This is pursuant to a commitment received in June 2023 from a UAE based private investment...

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Sg Echo Awarded Record $11.3 Million Purchase Order to Supply Modular Units to Long-Standing Private Infrastructure Solutions Client

SG Echo Manufacturing FacilitySG Echo Manufacturing FacilityNew contract with recurring customer represents largest single order to date; reflects Company’s track record of quick, sustainable, and cost-efficient production Project to commence immediately and expected to be completed during the first half of 2024SG Echo Manufacturing FacilityMIAMI, FL, Jan. 11, 2024 (GLOBE NEWSWIRE) — Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, announced today that SG Echo, LLC, a wholly-owned subsidiary of Safe & Green Holdings Corp., today announced it has been awarded a purchase order to provide over 150 additional modular units to an existing infrastructure solutions customer. The purchase order is expected...

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Global Credit Union and First Financial Northwest, Inc. Announce Agreement for Global Credit Union to Acquire First Financial Northwest Bank

ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) — Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest. The transaction is structured as a purchase and assumption agreement with Global purchasing substantially all assets and assuming substantially all liabilities of First Financial Northwest Bank for the all-cash consideration of $231.2 million, subject to certain adjustments. The agreement has been unanimously approved by the boards of directors of both institutions. Following the purchase and assumption transaction, First Financial Northwest...

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Smart Government Market Size Worth USD 153.37 Billion in 2032 | Emergen Research

Increasing investment in smart government technologies and the adoption of Social, Mobile, Analytics, and Cloud (SMAC), are the key factors driving Smart Government market revenue growth. Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global smart government market size was USD 28.24 Billion in 2022 and is expected to register revenue CAGR of 18.5% during the forecast period. Increasing investment in smart government technologies and the adoption of Social, Mobile, Analytics, and Cloud (SMAC), are the key factors driving market revenue growth. Digital technologies facilitate the exploration of novel approaches to deliver services, optimize resource allocation through more prudent spending, and establish a connection between programme and service costs and the results they yield for citizens, fostering accountability and self-assurance...

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Woodworking Equipment Market Size Worth USD 7.56 Billion in 2032 | Emergen Research

Increasing adoption of precise engineering and rising awareness about environmental issues are key factors driving woodworking equipment market revenue growth. Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global woodworking equipment market size was USD 4.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.0% during the forecast period. Increasing adoption of precise engineering and rising awareness about environmental issues are key factors driving market revenue growth. The rising adoption of sustainable practices within the woodworking industry is another factor driving market revenue growth. With environmental concerns, such as deforestation, greenhouse gas emissions, pollution, and waste generation, becoming more prominent, both consumers and businesses are actively seeking eco-friendly and sustainable...

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Specified Relays Market Size Worth USD 9.95 Billion in 2032 | Emergen Research

Growing adoption of Industry 4.0 principles and automation across industries is one of the major factors driving specified relays market revenue growth Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global specified relays market size reached USD 6.52 Billion in 2022 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Growing technological advancements is the primary factors driving market revenue growth. Integration of smart features, such as microcontrollers and communication interfaces, enables intelligent relays which can provide advanced diagnostics, remote monitoring, and communication capabilities, contributing to improved control and maintenance hence contributing to market revenue growth. Specified relays are increasingly being designed to integrate...

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Seismometers Market Size Worth USD 190.1 Million in 2032 | Emergen Research

Rising demand for Oil & Gas (O&G) exploration, increasing and concerns about natural disasters, advancements in seismometer technology, and technological integration with Internet of Things (IoT) and big data are key factors driving Seismometers market revenue growth. Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global seismometers market size was USD 105.00 Million in 2022 and is expected to register a rapid revenue CAGR of 6.3% during the forecast period. Rising demand for Oil & Gas (O&G) exploration, increasing and concerns about natural disasters, advancements in seismometer technology, and technological integration with Internet of Things (IoT) and big data are key factors driving market revenue growth. Increasing investments in due to their role in enhancing safety measures infrastructure is another...

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Eye Melanoma Market Size Worth USD 9.56 Billion in 2032 | Emergen Research

Eye melanoma market revenue growth can be attributed to increasing prevalence of eye cancer across the globe, numerous Research & Development (R&D) activities by market players, and rising demand for minimally invasive treatment procedures for treatment of eye cancers Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global eye melanoma market size was USD 4.35 billion in 2022 and is expected to register a revenue CAGR of 8.3% during the forecast period. Eye melanoma market revenue growth can be attributed to increasing prevalence of eye cancer across the globe, numerous Research & Development (R&D) activities by market players, and rising demand for minimally invasive treatment procedures for treatment of eye cancers. Medical technology is shaping the future of ophthalmology industry, which includes significant...

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Ruthenium Market Size Worth USD 888.5 Million in 2032 | Emergen Research

Rising product demand from the electronics industry due to customer preferences, growing adoption of ruthenium as a catalyst, and in electrochemical sector, and increasing product of medical devices Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global ruthenium market size was USD 572.4 Million in 2022 and is expected to register a revenue CAGR of 4.7% during the forecast period. Rising product demand from the electronics industry due to customer preferences, growing adoption of ruthenium as a catalyst, and in electrochemical sector, and increasing product of medical devices such as Magnetic Resonance Imaging (MRI) imaging devices are expected to drive revenue growth of the market. Ruthenium refers to a chemical element that is one of the rarest metals on Earth. Ruthenium is being extensively used in various high-tech industries...

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Sodium Caseinate Market Size Worth USD 7.70 Billion in 2032 | Emergen Research

Rising product demand from the food and beverage industry, growing adoption of ready-to-drink beverages and protein enriched drinks, rising consumer awareness in health and wellness Vancouver, Jan. 11, 2024 (GLOBE NEWSWIRE) — The global sodium caseinate market size was USD 5.09 Billion in 2022 and is expected to register a revenue CAGR of 4.4% during the forecast period. Rising product demand from the food and beverage industry, growing adoption of ready-to-drink beverages and protein enriched drinks, rising consumer awareness in health and wellness and rising demand for cosmetics and personal care products are expected to drive revenue growth of the market. Sodium caseinate is being extensively used in various high-tech industries and specialized applications such as food and beverage, pharmaceuticals, cosmetics, chemicals, and...

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