Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace News this week…
Sidus Space Announces International Expansion and Plans to Open a Netherlands Office. Sidus Space, Inc., a Space-as-a-Service company focused on mission critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection announced plans to increase its presence in Europe by opening a new office in the Netherlands.
“Sidus Space recognizes the importance of global participation in the rapidly accelerating space economy,” says Carol Craig, Sidus Space Founder and CEO. “Establishing a presence in the Netherlands is an important strategic step in our international growth plan.”
In Agritech News this week…
Enviva Celebrates Hoke Community Forest Restoration Project with the Planting of Longleaf Pine. Enviva, the world’s leading producer of sustainably sourced woody biomass, partnered with the Sandhills Prescribed Burn Association and Milliken Advisors to sustainably thin the loblolly pine on over 500 acres of Hoke Community Forest in preparation for the establishment of a longleaf pine savannah. On Saturday, December 3, 2022, more than 15 organizations and 100 community residents gathered to plant the first longleaf pine seedlings as the project officially enters its second phase of restoration.
The large parcel of land, known as “Hoke Community Forest,” is one of a few community forests in the U.S. Southeast. This unique piece of land is dedicated to and managed for conservation, environmental education, and economic welfare. Hoke Community Forest is owned by Hoke County and is managed for the financial benefit and recreational use of the citizens of Hoke County.
In Automotive News this week…
Faurecia Aptoide and Vector Unit Partner up to Bring Beach Buggy Racing to Automotive. Faurecia Aptoide is a joint venture between Forvia, one of the world’s leading automotive technology companies, and Aptoide, one of the largest independent Android App Stores. Faurecia and Aptoide joined forces in 2019 to develop and operate Android App Store solutions for the global automotive market. Vector Unit are the creators of Beach Buggy Racing, a distinguished racing game series with 200M+ downloads on mobile phones and game consoles.
With the work Faurecia Aptoide and Vector Unit are doing together, drivers around the world will have the chance to play the Beach Buggy Racing game in their car, directly on the infotainment system. This partnership stands as a great opportunity to develop a more fun and dynamic car environment, where vehicle users will have access to different sources of entertainment on their dashboard.
In BFSI sector news this week…
MGIC Announces Partnership with Vesta. Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, announced that it is integrated with Vesta, a modern mortgage loan origination system (LOS) and software-as-a-service company. With this partnership, lenders using the Vesta platform will be able to seamlessly, and in real time, request quotes and order private mortgage insurance (MI) from MGIC without leaving the Vesta LOS.
“Small operational efficiencies can quickly add up to create notable time and cost savings, critical focuses for any lender in today’s environment. We’re excited to work with MGIC to deliver a straightforward and modern quoting and ordering experience,” said Mike Yu, Vesta CEO.
In Biotechnology news this week…
Solve Therapeutics Announces Mission to Advance Novel Antibody-Based Therapies Against Cancer-Specific Targets. Solve Therapeutics, Inc., an oncology-focused biopharmaceutical company, announced its mission to develop novel antibody-based therapies targeting tumor-specific antigens. The company’s formation reunites the former VelosBio Inc. (VelosBio) team, a highly experienced group with a proven ability to rapidly advance innovative therapeutics that address unmet medical needs in the treatment of cancer. SolveTx is supported by an accomplished board of directors and a top-tier investor syndicate. The company is fully operational with 25+ employees and is actively pursuing discovery and development efforts at its 10,000-square-foot, state-of-the-art laboratory in San Diego.
In Chemicals sector news this week…
Albemarle Announces North Carolina Technology Park for Advanced Lithium Technology. Albemarle Corporation, a leader in the global specialty chemicals industry, announced it has acquired a location in Charlotte, North Carolina, where it will invest at least $180 million to establish the Albemarle Technology Park (ATP), a world-class facility designed for novel materials research, advanced process development, and acceleration of next-generation lithium products to market. The company anticipates that innovations from the new site will enhance lithium recovery, improve production methods, and introduce new forms of lithium to enable breakthrough levels of battery performance.
In Energy & Power news this week…
E Source selected to design, build, and operate New York’s Integrated Energy Data Resource platform. E Source, the data solutions leader for the utility industry, announced that it has been awarded a milestone contract by the New York State Energy Research and Development Authority (NYSERDA) to develop the state’s Integrated Energy Data Resource (IEDR) platform. The first-of-its-kind platform will act as a secure, centralized repository of energy-related data for all electric, gas, and steam utilities—as well as other non-utility entities—across the state.
Key stakeholders—including Energy Service Entities such as solar, storage, and wind developers; utility customers; state agencies; and the utilities themselves—can access the platform on a self-serve basis and at a massive scale. The platform will provide the kind of data each stakeholder wants and needs to inform investment decisions, identify operational inefficiencies, monitor the effectiveness of policy objectives, promote innovation, encourage new business models, and better serve the clean-energy needs of disadvantaged communities.
In Food & Beverage news this week…
Knorr and Boys & Girls Clubs of America Partner with Mario Lopez to Help Community Health. Knorr is supporting Boys & Girls Clubs of America’s Healthy Habits program for the second year to continue building healthier futures together. As part of this continued collaboration in their shared commitment, Knorr is partnering with three Boys & Girls Clubs locations across the country to refresh their community kitchen and provide families with an inspiring place to create nutritious meals. Knorr will be updating appliances, refreshing cabinets and counters, providing new sinks, and adding a fresh coat of paint to improve the usability of these spaces.
Knorr and Boys & Girls Clubs of America will enlist two-time Emmy-winning television host and Boys & Girls Club alumni, Mario Lopez, to unveil the first kitchen in Burbank, C.A.. At this event, Mario will co-lead a live cooking class alongside a Knorr chef teaching participants how to make delicious and nutritious meals for under $4 per serving, such as the Knorr Chicken Tacos recipe.
In IT news this week…
Blackbaud Appoints Two New Directors to Its Board. Blackbaud , the world’s leading cloud software company powering social good, appointed two new directors to its board. Yogesh K. Gupta, president and CEO, Progress Software Corporation, and Rupal S. Hollenbeck, chief commercial officer, Check Point Software Technologies, have joined Blackbaud’s board of directors. In addition, Timothy Chou, Ph.D., and Joyce M. Nelson have retired from the Blackbaud board.
“We’re delighted to welcome Yogesh and Rupal to the Blackbaud board of directors,” said Andrew M. Leitch, chairman of the board. “Both individuals bring a wealth of knowledge in enterprise software, digital transformation, global operations and business growth.