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…
CTI Hires New CTO to Solidify Technical Core and Expand Key Portfolios
Chesapeake Technology International (CTI), a leader in rapidly delivering open technology solutions and multi-domain integration for the invisible battlespace, has hired Dr. Jay Moorman as its new Chief Technology Officer (CTO).
Jacobs Awarded ATOM-5 Contract at NASA Ames Research Center
Jacobs was awarded the Aerospace Testing and Facilities Operations and Maintenance (ATOM-5) contract at NASA Ames Research Center in Moffett Field, California.
In Agritech News this week…
Comvita, the global leader in Manuka Honey, announces the second year of its bee rescue program, partnering with beekeepers and rescuers to relocate hives set to be terminated. Bees are critical to pollination and the survival of the global ecosystem, but populations are rapidly declining.
Ben & Jerry’s is making a bold commitment to bring greenhouse gas emissions on 15 dairy farms to half the industry average by the end of 2024. Once proven, pilot project initiatives will be expanded to farms across Ben & Jerry’s global dairy supply chain.
In Automotive News this week…
Bird Global, Inc., a leader in environmentally friendly electric transportation, announced its new parking technology, Bird Visual Parking System (VPS), which is available for free to city partners and requires zero infrastructure or tech investments on behalf of the community.
Cummins Inc., a global power and hydrogen technologies leader, and Daimler Truck North America (DTNA), the largest heavy-duty truck manufacturer in North America, are collaborating to upfit and validate Freightliner Cascadia trucks with a Cummins hydrogen fuel cell powertrain for use in North America. Freightliner will leverage Cummins’ fourth generation fuel cell powertrain, which provides improved power density, efficiency and durability.
In news from the Banking, Finance, Securities and Insurance sector this week…
Global Payments to Participate in Barclays Emerging Payments and Fintech Forum
Global Payments Inc., a leading worldwide provider of payment technology and software solutions, announced that Jeff Sloan, Chief Executive Officer, presented virtually at the Barclays Emerging Payments and Fintech Forum on Monday, May 16, 2022 at 10:00 a.m. ET.
500 Global and Sanabil Investments Announce Batch 3 of the Sanabil 500 MENA Seed Accelerator
500 Global, a leading global venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth and small buyouts, unveiled today 14 startups in Batch 3 of the Sanabil 500 MENA Seed Accelerator Program 2022.
In Energy and Power Sector News this week…
Duke Energy Secures Offshore Wind Lease for Carolina Long Bay
Duke Energy Renewables Wind, LLC, a nonregulated subsidiary of Duke Energy, has been named a provisional winner of OCS-A 0546 lease area in the Carolina Long Bay offshore wind auction.
Liberty, a part of Algonquin Power & Utilities Corp., announced its collaboration with Meta on the new 112 MW Deerfield II wind project in Michigan. This long-term power purchase agreement (PPA) for 100 percent of the energy and environmental attributes from Deerfield II, builds upon the existing renewable energy partnership the companies have at the operating Altavista solar facility in Virginia.
In Chemicals News this week…
Chemours Announces Participation in Versogen’s Development of Clean Hydrogen Technology
The Chemours Company, a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced its participation in a fundraising for Wilmington, Delaware-based Versogen Inc., a leader in developing anion exchange membrane (AEM) technology for use in hydrogen production.
Flotek Announces Shareholder Approval of $2 Billion+ Long Term Contract
Flotek Industries, Inc., a leader in technology-driven specialty green chemistry solutions, announced that Flotek’s shareholders overwhelmingly approved the previously-announced agreement with ProFrac Holdings, LLC (“ProFrac”) to expand the existing long-term supply agreement with one of ProFrac’s affiliates.
In IT news this week…
MoovingON, a leader in CloudOps management solutions, announced that it will demonstrate its industry-leading, highly automated, self-healing solution at the AWS Summit Tel Aviv 2022 on May 18, 2022, at EXPO Tel Aviv.
Vecima Networks Inc. announced a new software release for its Entra™ Remote MACPHY and DPoE (DOCSIS Provisioning of EPON) / 10G EPON (Ethernet Passive Optical Network) Unified Cable Access Solution portfolio of products.