Day: July 1, 2024

Technology acquisition expands GF’s power management solutions and differentiated roadmap MALTA, N.Y., July 01, 2024 (GLOBE NEWSWIRE) — GlobalFoundries (Nasdaq: GFS) (GF) today announced that it has acquired Tagore Technology’s proprietary and production proven Power Gallium Nitride (GaN) IP portfolio, a high-power density solution designed to push the boundaries of efficiency and performance in a wide range of power applications in automotive, internet of things (IoT) and artificial intelligence (AI) datacenter. As the digital world continues to evolve with technologies like Generative AI, GaN stands out as a pivotal solution for sustainable and efficient power management particularly in datacenters. Today’s announcement reinforces GF’s commitment to large-scale manufacturing of GaN technology that offers a suite of benefits to...

Westford, July 01, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global electric car market will attain a value of USD 2258.12 billion by 2031, with a CAGR of 24.6% during the forecast period (2024-2031). The market for electric cars has been growing rather fast due to progress in technology, augmented concern for the environment, and actively stimulating policies. The growing concerns related to the increasing carbon footprint, greenhouse gas emission through the usage of conventional cars and growing awareness for the sustainable lifestyle among the consumers as well as the business that has fueled the market expansion. Various governmental support and policies have further accelerated the market’s growth. Download a detailed overview: https://www.skyquestt.com/sample-request/electric-car-market Browse in-depth TOC on “Electric...

NEWBURYPORT, Mass., July 01, 2024 (GLOBE NEWSWIRE) — UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products, today announced the acquisition of AJR Enterprises, LLC. Headquartered in St. Charles, Illinois, with additional manufacturing in the Dominican Republic, AJR Enterprises develops and manufactures single use safe patient handling systems. “We are very excited to add AJR Enterprises’ capabilities to our patient surfaces portfolio,” said R. Jeffrey Bailly, chairman and CEO of UFP Technologies. “Patient surfaces and transfer devices are a growing market due in part to government guidelines and legislation around safe patient handling. AJR’s ‘cut and sew’ manufacturing services and specialty fabrics...

Asset acquisition expands Merit’s endoscopy portfolio with a minimally invasive solution for patients suffering from chronic gastroesophageal reflux disease (GERD).  Asset acquisition projected to add approximately $30 million of revenue, on an annualized basis, in key gastrointestinal endoscopy market that leverages existing commercial footprint.   Merit reaffirms full-year 2024 financial guidance on standalone basis and updates full-year 2024 financial guidance to include projected partial-year impact from this acquisition.SOUTH JORDAN, Utah, July 01, 2024 (GLOBE NEWSWIRE) — Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced it has executed an asset purchase agreement with EndoGastric Solutions, Inc. for a total cash consideration of approximately $105 million. EndoGastric...