Day: June 4, 2024

NXP and ZF Collaborate on SiC-Based Traction Inverters to Boost Electric Vehicle Powertrains

NXP and ZF Collaborate on SiC-Based Traction Inverters to Boost Electric Vehicle Powertrains By leveraging NXP’s advanced GD316x high-voltage (HV) isolated gate drivers, the solutions are designed to accelerate the adoption of 800-V and SiC power devices. Safe, efficient and higher performance traction inverters enabled by the GD316x product family can be designed to extend EV range and reduce the number of charging stops while lowering system level costs for OEMs. NXP’s high-voltage isolated gate driver family is integrated into ZF’s next-generation 800-V SiC-based traction inverter solutions for EVs The collaboration aims at improving safety, efficiency, range and performance of EVs The GD316x product family implements a number of features to both protect and unleash the benefits of high-voltage SiC power switches EINDHOVEN,...

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INVL Partner Global Real Estate Fund I raises additional USD 3 million from investors

The INVL Partner Global Real Estate Fund I launched in January this year by INVL Asset Management, the leading Baltic alternative asset manager, raised an additional USD 3.075 million. This time investments in the open-ended fund for informed investors were made by a total of 13 investors.  The INVL Asset Management fund invests in real estate funds in the US and Western Europe managed by Brookfield Asset Management, one of the world’s largest real estate management companies. An offering of the fund’s investment units ran from 6 March to 31 May (inclusive), organized by INVL Financial Advisors, the financial brokerage company that owns the INVL Family Office brand. The minimum investment amount in this fund is USD 145,000.  “With the expectation that interest rates in the US have peaked, liquidity and transaction volumes are recovering....

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Baita Plai Q1 2024 Production Report and Aprelevka production update

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 4 June 2024 Vast Resources plc(‘Vast’ or the ‘Company’) Baita Plai Q1 2024 Production Report and Aprelevka production update Vast Resources plc, the AIM-listed mining company, is pleased to announce the Q1 2024 production report at its Baita Plai Polymetallic Mine (‘Baita Plai’) in Romania and to provide an update on production improvements at the Aprelevka a mine. Baita Plai Mine Production for the quarter is provided below with a comparison to previous quarters. Period Tonnes mined Concentrate produced (DMT) Cu concentrate grade Q1 2024 25,388 613 20% Q4 2023 24,178 562 18% Q3 2023 25,600 559 21% Q2 2023 23,372 468 21% Q1 2023 20,728 475 23% As expected, the copper content of concentrate has improved versus the previous quarter as the Company began to access...

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Virtualware Partners with AXXIST to Strengthen VIROO’s Presence in Latin America

Bilbao, Spain, Brazil 4 June 2024.– Virtualware (EPA: MLVIR), the European leader in virtual reality, has signed a partnership agreement with Axxist to boost VIROO’s presence in Latin America. The Guatemala City-based company specializes in delivering disruptive technology solutions focused on digital transformation and Industry 4.0 in Latin America and the United States. As a VIROO Value Added Reseller, Axxist will promote the adoption of the enterprise virtual reality platform in strategic sectors such as education, banking, manufacturing and production throughout its network in Mexico, Central America, the Dominican Republic and the United States. Axxist strengthens the VIROO community, adding nearly 20 partner companies, enhancing collaboration, and expanding virtual reality use in business and education. ‘Our customers...

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argenx to Present at Goldman Sachs 45th Annual Global Healthcare Conference

June 4, 2024 Amsterdam, the Netherlands – argenx (Euronext & Nasdaq: ARGX), a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases, today announced that members of management will participate in a fireside chat at the Goldman Sachs 45th Annual Global Healthcare Conference on Tuesday, June 11, 2024 at 2:40 PM ET in Miami, FL. A live webcast of the fireside chat may be accessed on the Investors section of the argenx website at argenx.com/investors. A replay of the webcast will be available on the argenx website for approximately 90 days following the fireside chat. About argenx argenx is a global immunology company committed to improving the lives of people suffering from severe autoimmune diseases. Partnering with leading academic researchers through its Immunology Innovation...

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Geely Auto Gears up NEV Transformation and Innovation with Long-Term SiC Supply Agreement and Joint Lab with STMicroelectronics

Geely Auto Gears up NEV Transformation and Innovation with Long-Term SiC Supply Agreement and Joint Lab with STMicroelectronics ST’s third generation SiC MOSFETs help increase the powertrain efficiency for Geely Auto Group battery electric vehicles. Innovation Joint Lab set up to support the development of smart, electrified and connected cars. Beijing, China, June 4, 2024 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, and Geely Auto Group (HKEX: HK0175), a global leading automobile and new energy vehicle (NEV) manufacturer, today announced they have signed a long-term Silicon Carbide (SiC) supply agreement to accelerate their existing cooperation on SiC devices. Under the terms of this multi-year contract, ST will provide multiple Geely Auto brands with...

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CREDIT AGRICOLE SA: Indosuez Wealth Management, a subsidiary of Crédit Agricole S.A., finalises the acquisition of Degroof Petercam, of which it becomes majority shareholder alongside CLdN Cobelfret, its historical shareholder

Press release Paris, Brussels, 4 June 2024 Indosuez Wealth Management, a subsidiary of Crédit Agricole S.A., finalises the acquisition of Degroof Petercam, of which it becomes majority shareholder alongside CLdN Cobelfret, its historical shareholder The transaction, which has obtained the required approvals from the banking and competition authorities, allows Degroof Petercam teams to join forces with Indosuez Wealth Management, creating a European leader in wealth management. It strengthens Crédit Agricole’s presence in Belgium and will generate significant synergies with its various business lines. The foundation of a European leader in wealth management This acquisition is amongst the most significant transactions in the industry in the past 10 years in Europe. Indosuez Wealth Management, which has supported its clients for...

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Okeanis Eco Tankers Corp. – Ex dividend USD 1.10 per common share today

ATHENS, Greece, June 04, 2024 (GLOBE NEWSWIRE) — Reference is made to the key information relating to Q1 2024 dividend announced by Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE: ECO / OSE: OET) on May 16, 2024. The Company’s shares will be traded ex dividend USD 1.10 per common share on the Oslo Stock Exchange from today, June 4, 2024 and on the New York Stock Exchange from tomorrow, June 5, 2024. Contacts Company:Iraklis Sbarounis, CFOTel: +30 210 480 4200ir@okeanisecotankers.com Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, N.Y. 10169Tel: +1 (212) 661-7566okeanisecotankers@capitallink.com About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The...

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Hele Launches Tokyo Trip Giveaway with Hawaiian Airlines

HONOLULU, June 03, 2024 (GLOBE NEWSWIRE) — Hele Kamaʻaina Rewards members are winning at the pump and in the skies this summer! Hele app users not only save $0.25 per gallon every day, but they also have the chance to win round-trip airfare to Tokyo. Hele convenience stores are part of the Par Pacific Holdings, Inc. retail organization. From June 1 to August 31, 2024, customers with the Hele app can enter the “Hele Tokyo Flyaway” sweepstakes for a chance to win 220,000 HawaiianMiles, enough for a round-trip flight to Tokyo on Hawaiian Airlines. “This summer we are excited that Hele app users will save $0.25 per gallon, and can test their luck by entering the Hele Tokyo Flyaway,” said Brian Gray, Head of Marketing at Par Pacific Holdings. “We are delighted to offer our members exclusive giveaways alongside everyday savings.” There...

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CORRECTION – Lavoro Reports Fiscal Third Quarter 2024 Earnings Results¹

In a release issued under the same headline earlier this afternoon by Lavoro Limited (Nasdaq: LVRO, LVROW), please note that this version corrects various financial figures to align with the 6-K that was filed this afternoon. The corrected release follows: 3Q24 revenue increased 6% to $514.2 million, driven by continued market share gains and volume growth mitigating ongoing deflation in input prices throughout Brazil and Colombia. Gross profit decreased -16% to $60.2 million. Gross margins narrowed by -310 basis points to 11.7%, primarily due to the ongoing input price deflation and a less favorable sales mix resulting from a greater proportion of low margin Grain revenue. The Crop Care segment remained a strong performer, with revenue2 rising 30% to $22.1 million and gross profit up 14% to $9.1 million, mainly fueled by robust growth...

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