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TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million

CALGARY, Alberta, Nov. 14, 2024 (GLOBE NEWSWIRE) — HighlightsTransAlta and ECP have agreed to an $80 million purchase price reduction to reflect two required asset divestitures representing 97 MW (net ownership) Transaction revalued at approximately $542 million, inclusive of the assumption of $232 million of low-cost debt, and subject to a further favourable economic adjustment of approximately $80 million, reflecting the economic benefit of the Heartland business arising since the effective date of the transaction of October 31, 2023, prior to working capital adjustments Heartland portfolio valued at a net price of approximately $270 per kilowatt, with an expected EBITDA multiple1 of approximately 5.4 times Highly accretive to free cash flow, with an attractive cash yield upon closing underpinned by approximately 60% of revenues...

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Well Intervention Market to Drive Growth at USD 12.14 Billion by 2031 | SkyQuest Technology

Well Intervention Market size was valued at USD 8.34 billion in 2023 to USD 12.14 billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031). Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global well intervention market will attain a value of USD 12.14 Billion by 2031, with a CAGR of 4.8% during the forecast period (2024-2031). New oilfield developments and the rise in demand for energy are expected to fuel well intervention market growth. This rapid growth is driven by efforts being made to increase productivity gained from conventional fields in major countries. Market growth is expected to be driven by the large number of untapped hydrocarbon reserves and the importance of the oil and gas sector for various economies. Moreover, the increasing focus on deep and ultra-deep-sea explorations...

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Digital Payment Market to Surpass USD 21.83 Trillion by 2031 | Skyquest Technology

The substantial growth in Digital Payment Market statistics is an outcome of the growing e-commerce industry. Westford, USA, Nov. 14, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global digital payment market will attain a value of USD 21.83 trillion by 2031, with a CAGR of 9.55% during the forecast period (2024-2031). There has been an increase in the number of digital payments in the last few years due to the increasing smartphone usage and contactless payments. There’s an increase in global transactions made through digital payment methods, indicating consumers’ preference for convenience. The shift is also quickly taking shape in the emerging markets, as they are adopting mobile wallet and payment applications. Some of the traditional market players and other financial institutions have adapted to the market shift. Browse...

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Cloudera to Acquire Octopai’s Platform to Deliver Trusted Data Across the Entire Hybrid Cloud Data Estate

Octopai’s best-in-class data lineage and catalog platform to provide discoverability, quality, and governance for enterprises to enhance data-driven decision making SANTA CLARA, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, announced that it entered into a definitive agreement with Octopai B.I. Ltd. (Octopai) to acquire Octopai’s data lineage and catalog platform that enables organizations to understand and govern their data. The transaction will significantly add to Cloudera’s data catalog and metadata management capabilities. Enterprises are under increasing pressure to incorporate data-driven decision-making into their business operations. They want to utilize their data for AI, machine learning, and predictive analytics initiatives, requiring a comprehensive data...

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Repeat: Thunder Bridge Capital Partners IV, Inc. Announces Effectiveness of Registration Statement and Special Meeting Date for Proposed Business Combination with Coincheck, Inc.

Stockholder Meeting of Thunder Bridge Capital Partners IV, Inc. Scheduled for December 5, 2024To View the Meeting Documents, Please Visithttps://www.cstproxy.com/thunderbridgecapitalpartnersiv/2024/For Any Questions Regarding the Special Meeting or How to Vote Your Shares You May Call Sodali & Co, Thunder Bridge Capital Partners IV, Inc.’s Proxy Solicitor,at (800) 662-5200 (Toll Free); (203) 658-9400 (Collect)or e-mail at THCP.info@investor.sodali.com Great Falls, Va. and Tokyo, Japan, Nov. 13, 2024 (GLOBE NEWSWIRE) —  Coincheck, Inc. (“Coincheck”), a cryptocurrency trading service, which is currently in the process of consummating a proposed business combination with Thunder Bridge Capital Partners IV, Inc. (Nasdaq: THCP, THCPU & THCPW) (“Thunder Bridge IV”), a special purpose acquisition company, announced today that...

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Biobanking Market to Reach Market Valuation of USD 95.5 Billion by 2031 | SkyQuest Technology

Biobanking Market size was valued at USD 72 billion in 2023 to USD 95.5 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031). Westford, USA, Nov. 13, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global biobanking market will reach a value of USD 95.5 Billion by 2031, with a CAGR of 6.8% during the forecast period (2024-2031). The biobanking market has been experiencing notable growth in the past years due to mounting demand for personalized medicine, improvements in genomic research, and high incidences of chronic illnesses on the global scale. The market is also considerably impacted by advancements in data management and sample preservation, growing partnerships among biobanks and research institutions, and favorable regulations.  To Learn More About This Report, Request a Free Sample Copy –...

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Supply Chain Management Software Market to Reach USD 20.07 Billion by 2031 | SkyQuest Technology

The adoption of SCM software in various industries and organizations is increasing as it can effectively monitor the collection of raw materials, goods or any materials thus improving market growth. Westford, USA, Nov. 13, 2024 (GLOBE NEWSWIRE) — Supply Chain Management Software Market size was valued at USD 18.76 billion in 2023 to USD 20.07 billion by 2031, growing at a CAGR of 4.20% during the forecast period (2024-2031). The supply chain management software market comprises technologies and tools that help manage and optimize supply chain operations. The market is driven by the growing demand for transparency, efficiency, and cost-cutting in supply chains. The market is progressing on the back of the integration of technologies like ML and AI, the growing adoption of cloud-based solutions, and the emphasis on sustainability. Request...

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Comstock Completes GenMat Transaction

Strategic Investment in Artificial Intelligence for Materials Discovery in Energy Applications VIRGINIA CITY, Nev., Nov. 13, 2024 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the acquisition of 100% of the equity of GenMat Licensing LLC (“AICo”) in exchange for 100% of the Company’s equity in Quantum Generative Materials LLC (“GenMat”). AICo holds a non-exclusive end user right and license (“EULA”) to use GenMat’s now and hereafter existing artificial intelligence (“AI”) for materials science technologies, services and products, as well as all current satellite imaging and other data, analytics, and artificial intelligence and other models relating to Comstock’s mining properties in Nevada. AICo also holds a credit against the amounts payable under the EULA equal to 100% of the Company’s...

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AI Unlimited Group Enters B2B Market with Game-Changing Acquisition of Resolve Debt Platform

LOS ANGELES, Nov. 13, 2024 (GLOBE NEWSWIRE) — AI Unlimited Group Inc. (OTCQB: AIUG), a pioneering force in artificial intelligence innovation, is thrilled to announce the acquisition of Resolve Debt, a powerful AI-driven platform specializing in debt collection technology and accounts receivable automation. This transformative acquisition marks AI Unlimited’s strategic entry into the B2B space, expanding its portfolio beyond consumer solutions and paving the way for accelerated growth in the fintech landscape. Resolve Debt brings an unparalleled AI-powered approach to debt collection, designed to boost efficiency, optimize recovery rates, and enhance client relationships for businesses and financial institutions. By harnessing predictive analytics, AI-driven communication, and advanced sentiment analysis, Resolve Debt revolutionizes...

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ATIS acquires Vermont Elevator Inspection Services (VEIS)

ST. LOUIS, Nov. 13, 2024 (GLOBE NEWSWIRE) — ATIS, a premier provider of elevator and escalator safety inspections, consulting and managed services, has announced the acquisition of Vermont Elevator Inspection Services (VEIS). VEIS is a leading provider of elevator inspection services in Vermont with a strong reputation for reliability and regulatory expertise. Founded in 2005, VEIS has been dedicated to ensuring the safety and compliance of elevators throughout Vermont. With the backing of ATIS’ team and resources, VEIS is well positioned for accelerated future growth, while continuing to provide high quality services to its customers. Terms of the transaction were not disclosed. About ATIS ATIS (atis.com) is one of North America’s largest providers of vertical transportation consulting, inspections, and managed services. With...

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