Month: July 2024

XPENG and the Volkswagen Group will jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen’s China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform The first vehicle equipped with the jointly developed E/E Architecture will SOP (Start of Production) within approximately 24 months Both parties will actively explore further collaboration opportunities to expand the scope of the usage of the jointly developed E/E ArchitectureGUANGZHOU, China, July 22, 2024 (GLOBE NEWSWIRE) — XPeng Inc. (the “Company” or “XPENG”) and the Volkswagen Group are pleased to announce today that, further to XPENG’s announcement dated April 17, 2024 (the “Announcement”) in connection with the framework agreement on technical collaboration with respect to electrical/electronic architecture...

NEW YORK, July 21, 2024 (GLOBE NEWSWIRE) — Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, announced today that the confirmatory Phase 3 trial of its allogeneic, immunoselected, and industrially manufactured stromal cell product rexlemestrocel-L in patients with chronic low back pain (CLBP) due to inflammatory degenerative disc disease of less than five years duration has commenced enrollment at multiple sites across the United States. The United States Food and Drug Administration (FDA) has previously confirmed alignment with Mesoblast on the design of the 300-patient randomized, placebo-controlled trial and the 12-month primary endpoint of pain reduction as an approvable indication. Key secondary measures include improvement in quality of life, function, and...

Oslo, 21 July 2024         May 2024 June 2024Operated Boepd (1) Bopd (2) Boepd (1) Bopd (2)Colombia 661 443 629 412Argentina 1,662 284 1,090 185Total operated 2,323 727 1,719 597Total equity 1,154 411 885 348(1)   Barrels of oil equivalents per day (includes liquid and gas)(2)   Barrels of oil per day (represents only liquids) [boepd]: barrels of oil equivalents per day (includes liquid and gas)[Operated]: 100% field production operated by Interoil[Equity]        : Interoil’s share production net of royalties. Comments Interoil’s daily average operated production in June was 1,719 boepd, down 604 boepd compared with figures for May. June’s daily operated production reduction in Colombia drop by 31 boepd (24%), while output from Argentinian fields was down by 571 boepd (76%) compared with the month prior. In Argentina,...

FARNBOROUGH, United Kingdom, July 21, 2024 (GLOBE NEWSWIRE) — Lilium N.V. (Nasdaq: LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), today announced the next phase of its “POWER-ON” Aftermarket Services portfolio, providing a suite of digital solutions to ensure efficient and seamless operation of the Lilium Jet. The digital suite includes flight planning and aircraft performance ground and Electronic Flight bag solutions, a customer portal with access to technical publications and health monitoring and other ground operations and safety solutions for its customer base. The portal will integrate AI functions for more efficient workflows. These digital systems represent another step towards the Lilium Jet’s planned entry into service in 2026 and reflect the importance of robust digital systems...

Velocium is installing advanced computing capacity based on revolutionary high efficiency, high performance compute and AI- focused Velocium processing units (“VPUs”). Velocium eliminates idle capacity in an industry that’s grown exponentially and will continue to do so for the next decade. While also being dramatically more energy efficient than traditional data centers, Velocium aims to reduce latency for its customers and will go Public on Nasdaq via a Merger with Maquia Capital Acquisition Corp.Velocium’s processing units (VPUs) feature high density compute capacity and will address the growing demand driven by AI, HPC, and big data, by employing faster and more energy efficient AI infrastructure. VPUs significantly lower expenses for Velocium and its customers.Velocium has negotiated a supply framework for a revolutionary universal...

Sale marks completion of ESE’s $13M sale of GameAddik following sale of initial 70% interest last year VANCOUVER, British Columbia, July 19, 2024 (GLOBE NEWSWIRE) — ESE Entertainment Inc. (TSXV: ESE) (OTCQX: ENTEF) (“ESE” or the “Company”), a gaming and esports company that provides a range of services to leading video game developers and publishers, announces that it has completed the sale of its remaining 30% interest (the “Minority Interest”) in 9327-7358 Quebec Inc. dba GameAddik (“GameAddik”) to BPV Games Limited Partnership, an affiliate of BlackPines Capital Partners Ltd. (the “Purchaser”). Pursuant to the terms of a share purchase agreement dated July 14, 2024 (the “SPA”), the Company sold its Minority Interest to the Purchaser for consideration of $4,030,925, which was paid in cash on closing. The sale of the Minority...

Proceeds to fund programs with the Indonesian government, U.S. Air Force and other clients NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES ORDISSEMINATION IN THE UNITED STATES DENVER, July 19, 2024 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced an amendment to the terms of its financing announced on July 3, 2024. Due to strong demand from new and existing shareholders, the Company is now offering up to a maximum of 6,666,666 Class “A” common shares of the Company (“Common Shares”), which upon issuance will rank pari passu in all respects with the Company’s existing issued Common Shares at the same price of C$0.45 per Share for maximum gross proceeds of C$2,999,999.70 (the “Amended Offering”). In...

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia, July 19, 2024 (GLOBE NEWSWIRE) — Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the 2nd tranche of the previously announced non-brokered private placement financing (the “Offering”) of units (the ”Units”) for gross proceeds of $567,000 Canadian, resulting in aggregate gross proceeds of $772,750 raised in the Offering to date. The Company previously closed an initial tranche of the Offering for gross proceeds of $205,750 as described in the Company’s press release dated June 17th, 2024.The Company issued an aggregate of 5,670,000 Units at a price of $0.10 per Unit pursuant to the second tranche of the Offering announced on May 17th, 2024 with an oversubscription...