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…
Phantom Space Wins Four New NASA Task Orders. Phantom Space Corp. announced it has been awarded four new NASA task orders to launch CubeSat satellites into space as part of the new VADR contract.
NASA’s VADR missions (for Venture-class Acquisition of Dedicated and Rideshare) missions intend to meet the agency’s needs for NASA payloads while also fostering the development of new launch vehicles from both emerging and established launch providers. VADR increases access to space by significantly reducing costs using less NASA oversight to achieve lower launch costs with payloads that can accept a higher risk tolerance.
In Agritech News this week…
Corteva Agriscience Signs Agreement to Acquire Stoller Group. Corteva, Inc. and Stoller Group, Inc. announced that Corteva has signed a definitive agreement to acquire Houston-based Stoller, one of the largest independent Biologicals companies in the industry. With operations and sales in more than 60 countries and 2022 forecasted revenues of more than $400 million, Stoller brings immediate scale and profitability, with EBITDA margins that will be accretive to Corteva.
The acquisition of Stoller reinforces Corteva‘s commitment to providing farmers with Biological tools that complement evolving farming practices and help them meet changing market expectations. Stoller’s superior reputation for farmer relationships and demand creation centers around a commercial model that’s built upon sharing knowledge with the channel and farmers. Stoller has been successful by demonstrating technical excellence and delivering benefits and value of integrated solutions in the field.
In Automotive News this week…
CarDoor Selects PAVE to Provide Inspections for Easy At-Home Consumer Vehicle Sales. PAVE, the world’s first automated vehicle inspection platform, announces that CarDoor, Canada’s fastest-growing online car retailer, uses PAVE to provide condition transparency for consumer at-home vehicle sales and trade-ins. PAVE streamlines this process for CarDoor by using consumer generated photos of vehicles to return accurate condition-adjusted trade-in and sale values.
PAVE removes friction from the car-buying and selling experience for CarDoor and their customers through a PAVE digital inspection. Within minutes of the consumer taking photos, CarDoor receives a graded vehicle inspection report, which provides transparency of the vehicle’s condition regardless of where the vehicle is located. PAVE enables CarDoor to effectively price and purchase potential trade-ins and vehicle sales without the consumer having to leave their home.
In BFSI sector news this week…
TimePayment Raises Its Automated Approval Limit to $25K. TimePayment, an award-winning FinTech company specializing in commercial and specialty equipment lease financing, has announced that it has raised its limit for automated approvals for qualified lessees from $15,000 to $25,000. By leveraging the FinTech firm’s multiyear investment in upgrading and automating its technology platform, the move allows TimePayment to better serve both its vendors and end customers in the face of rising equipment costs.
In Biotechnology news this week…
Wheeler Bio Licenses ATUM’s Proprietary Leap-In Transposase Technology. Wheeler Bio, Inc., a contract development and manufacturing organization (CDMO) specializing in the development and manufacturing of mammalian-expressed protein therapeutics, today announced it has been granted a license to ATUM’s proprietary Leap-In Transposase® and miCHO cell line development technology.
Wheeler Bio solves the typical momentum drop between discovery and development for monoclonal antibodies and other therapeutic proteins. This issue typically poses significant challenges for emerging companies – adding technical, financial, and regulatory risks. Wheeler Bio believes these lifecycle challenges can be reduced with access to industry-leading technologies and democratization of standardized manufacturing platforms. Adding ATUM’s powerful Leap-In Transposase® technology to Wheeler Bio’s cell line development toolbox provides Wheeler Bio’s clients with access to highly productive stable pools and clones with a significant regulatory track record and an industry-leading speed-to-clinic workflow.
In Chemicals sector news this week…
Univar Solutions Confirms Preliminary Indication of Interest from Brenntag SE. Univar Solutions Inc., a leading global solutions provider to users of specialty ingredients and chemicals, confirmed that it has received a preliminary indication of interest from Brenntag SE regarding a potential transaction. The Company does not intend to make any additional comments regarding this matter unless and until it is appropriate to do so.
Univar Solutions is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world’s leading producers.
In Energy & Power news this week…
Leeward Renewable Energy Completes Construction, Commences Commercial Operations. Leeward Renewable Energy announced that it has completed construction and commenced operations of its 100-megawatt (MW) Rabbitbrush Solar Facility located in Kern County, California, which also includes a 20 MW, 50 MWh battery energy storage system. As previously announced, the energy generated by the project will serve two not-for-profit, community-owned electricity providers, Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE), through two 15-year power purchase agreements (PPAs).
In Food & Beverage news this week…
New Take Root Organics Canned Tomato Line Brings Affordable Organics to Consumers Nationwide. Recently launched, Take Root Organics is a new line from Green Thumb Grown Foods offering a selection of flavorful and high-quality Certified USDA Organic, Non-GMO Project Verified canned tomatoes grown with the utmost care by family farmers in Central California. Various studies have shown the benefits of consuming organic food for health1 and the environment2, but budget-friendly options are not always available. Green Thumb Grown Foods, the largest producer of organic canned tomatoes in the Western US, is now providing the Take Root Organics line at an affordable price and available at major retailers nationwide so more people can easily choose organic and reap the benefits for their body and for the planet.
In IT news this week…
JupiterOne Announces Key Initiatives with AWS to Help Customers Strengthen Security Posture. JupiterOne, the industry’s leading provider of cyber asset attack surface management technology, entered Amazon Web Services re:Invent 2022 announcing support for key initiatives as a member of the AWS Partner Network (APN). A recognized AWS Rising Star Independent Software Vendor (ISV) Partner of Year 2022 and member of the AWS ISV Accelerate Program, JupiterOne helps organizations, from startups to enterprises, advance their cloud adoption journey and strengthen their security posture.