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…
Overhead Intelligence Partners with Iris Automation for Large-Scale Magnetometer Survey
Working with safety innovator Iris Automation, Florida-based Overhead Intelligence has commenced its first major EVLOS (extended visual line of sight) plus BVLOS flight (with 50/50 split) operation using Casia I for the entire province of Newfoundland and Labrador.
Elbit Systems Awarded $70 Million Contract to Provide EW Solution to an International Customer
Elbit Systems Ltd. announced that it was awarded an approximately $70 million contract to supply an Electronic Warfare (EW) solution to an international customer. The contract will be executed over a period of two and a half years.
In Agritech News this week…
Farmmi Receives Multi-Product Order for Export to Japan
Farmmi, Inc. (“Farmmi” or the “Company”), an agricultural products supplier in China, announced that the Company received a multi-product order for export to Japan. The order for dried Shiitake mushrooms and dried black fungus is from one of the Company’s long-term customers.
Acadian Plant Health California Almond Water Use Study Delivers Promising Early Results for Growers
Acadian Plant Health™ (APH) announced the first results of its California almond water use study, which offers promising news for tree nut growers and the almond industry in the drought-affected growing region.
In Automotive News this week…
Solectrac Expands Nationwide Electric Tractor Sales Network with Three New Dealer Partnerships
Solectrac, makers of electric tractors and an operating company of Ideanomics announced the continued expansion of its certified dealer network with the addition of Ocala Tractor, LLC, Schow’s Inc. and Georgia Land Equipment in Florida, Idaho and Georgia respectively. Solectrac’s dealer network now spans the entire country.
Bloom Energy Drives Landmark Decarbonization with Ferrari
Bloom Energy set a new pace for Ferrari’s drive to achieve carbon neutrality in manufacturing by 2030, announcing a one megawatt (MW) installation of Bloom’s solid oxide fuel cells at Ferrari’s expanding manufacturing facility and headquarters in Maranello, Italy.
In news from the Banking, Finance, Securities and Insurance sector this week…
Paywallet Chosen to Join Mastercard Global Start Path Open Banking Program as Inaugural Member
Paywallet LLC www.yourpaywallet.com, a payroll-linked verification and remittance ecosystem, announced it was selected to join the Mastercard global Start Path Open Banking program to leverage Mastercard’s open banking expertise and market insights. Paywallet is the only U.S.-based startup to be included in the first cohort.
Brixey & Meyer Capital acquires Unistrut Midwest
Brixey & Meyer Capital announced it has acquired Unistrut Midwest from Mark and Dave Ellis. Unistrut Midwest is a value-added distributor, fabricator, and installer of a diverse range of products including but not limited to Unistrut branded metal framing products and accessories, Telespar, Food Grade Strut, Lockers, and Tate Access Floors.
In Energy and Power Sector News this week…
Georgia Power today filed a request with the Georgia Public Service Commission (PSC) that would enable the company to continue making investments in strengthening and further securing the electric grid, transforming its power generation to include cleaner and more economical energy resources and continue improving the customer experience.
Tailwater Capital Introduces Tailwater Innovation Partners
Tailwater Capital LLC (“Tailwater”), a private equity firm that takes a full immersion approach to investing in energy and growth infrastructure solutions, announced the formation of Tailwater Innovation Partners, LLC, a full-service environmental, social and governance (“ESG”), research and engineering solutions provider for Tailwater’s portfolio companies.
In IT news this week…
Folloze and Hunter & Bard, a leading account-based marketing (ABM) agency, announced a partnership that will bundle the Folloze B2B Buyer Experience Platform with Hunter & Bard’s extensive ABM services. Hunter & Bard will join the Folloze as a Service Technology (FaaST) program, bringing data-driven marketing engagement, personalization and turnkey campaign activation to the agency’s clients that need ABM expertise and deployment.
TransPerfect GlobalLink CCMS Releases Certified Acrolinx Connector for Astoria
TransPerfect, the world’s largest provider of language and technology solutions for global business, announced that its connector between the GlobalLink CCMS Astoria platform and Acrolinx has been upgraded and recertified by Acrolinx GmBH. This action marks the latest milestone in the strategic relationship between TransPerfect and Acrolinx that began in 2013.