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…
GITAI USA Launches Full Operations in US, Securing First Purchase Order from Major Local Space Company. GITAI USA is excited to announce the launch of its full operations in the US, along with the securing of its first purchase order from a major local space company. The company has also published an introduction movie about its new US office.
GITAI, founded in 2016 by Sho Nakanose, is a leading provider of space robots in Japan. The company’s expansion to the US marks a significant step in its growth and brings its innovative space robots to a wider market.
In Agritech News this week…
Re-Nuble Selected for $4.6 Million USDA Climate-Smart Commodities Award. Yesterday, Secretary of Agriculture Tom Vilsack announced the second-round awardees of the Partnership for Climate-Smart Commodities, a United States Department of Agriculture (USDA) effort to combat the climate crisis by partnering with agriculture, forestry, and rural communities to provide climate solutions that strengthen rural America. These projects were designed to provide innovative and meaningful opportunities for small and underserved producers to participate in, providing adaptation and/or mitigation efforts related to climate change.
In Automotive News this week…
Cenntro’s Logistar 400 All-Electric Commercial Vehicle Receives EPA’s Certificate of Conformity. Cenntro Electric Group Limited, a leading EV technology company with advanced, market-validated electric commercial vehicles, announced that its all-electric Class 4 Logistar 400 (“LS400”) model received a U.S. Environmental Protection Agency (EPA) Certificate of Conformity.
A Certificate of Conformity was issued by the EPA to Cenntro, the vehicle manufacturer, to officially confirm that the LS400 conforms to all EPA regulations and emission standards. The LS400 previously completed the EPA range test in October 2022.
In BFSI sector news this week…
CellPay Announces Partnership With MoneyGram to Expand Bill Payment Options for Consumers. CellPay, a leading telecommunications company that provides services through its telco and bill payment platform, and MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, announced a partnership that expands MoneyGram‘s leading bill pay capabilities. Through this partnership with CellPay, MoneyGram customers can access more bill payment options through both retail and digital channels expanding the Company’s footprint to over 30,000 billers.
In Biotechnology news this week…
PolarityTE Announces Entry Into a Letter of Intent For Acquisition of the Company. PolarityTE, Inc., a biotechnology company developing regenerative tissue products and biomaterials announced that it signed a non-binding letter of intent (the “LOI”) with Michael Brauser (“Brauser”) for him to make an offer to acquire 100% of the outstanding equity interests of the Company at a proposed offering price of $1.03 per common share, which would be paid entirely in cash. As of December 23, 2022, there were 7,256,786 shares of the Company’s common stock outstanding and unvested restricted stock units covering an additional 256,457 common shares.
In Materials sector news this week…
Entegris Announces Plans to Build New Manufacturing Center of Excellence. Entegris, Inc., a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, announced plans to build a new manufacturing center of excellence in Colorado Springs. The new facility expands Entegris’ significant presence in Colorado and enhances its ability to meet the needs of its customers as the semiconductor manufacturing industry continues its expansion in the United States.
The new facility will initially support production for Entegris’ Microcontamination Control (MC) and Advanced Materials Handling (AMH) divisions, which develop critical products used to manufacture semiconductors.
In Energy & Power news this week…
Suburban Propane Partners, L.P. to Acquire RNG Production Assets from Equilibrium Capital Group. Suburban Propane Partners, L.P., a nationwide distributor of propane and other energy products to local communities, as well as an investor in low carbon energy alternatives, announced that its wholly-owned subsidiary, Suburban Renewable Energy, LLC (“Suburban Renewables”), reached an agreement to acquire a platform of renewable natural gas (“RNG”) assets from Equilibrium Capital Group (“Equilibrium”), a leading sustainability-driven asset management firm. In addition to the purchase of two operational biogas facilities, the parties have formed a partnership to serve as a long-term growth platform for the identification, development and operation of additional RNG projects; including an existing pipeline of identified RNG projects that are in various stages of development.
In Food & Beverage news this week…
Cerebelly Becomes the First Baby Food Brand to Receive a U.S. Patent for its Food Composition. Cerebelly, the first and only science-backed, brain-focused baby food brand, announced that it has received a U.S. patent for food composition of 16 key nutrients to promote optimal infant neurodevelopment. This landmark achievement means Cerebelly is now the first baby food brand with a patented food composition designed for optimal nutrition. The patent was issued based on scientific research led by Neurosurgeon, PhD developmental neurobiologist, and Cerebelly Co-Founder Dr. Teresa Purzner and underscores the company’s commitment to providing superior nutrition critical for healthy brain development.
In IT news this week…
OKX Partners with DappRadar to Make Decentralized Applications Easily Accessible. OKX, the world’s second largest cryptocurrency exchange by trading volume, announced a strategic partnership with DappRadar, a global app store for decentralized applications (DApps), to offer OKX users new ways to connect, discover, and interact with Web3.
OKX has integrated DappRadar’s API into its platform, broadening the DeFi and GameFi applications that are discoverable with OKX’s DApp discovery tool. Further, the OKX Web3 Wallet is now available on DappRadar as a default connection option, enabling users to seamlessly access their web3 portfolios while shopping for DApps.