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…
4AIR and NATA Announce First-Ever SAF Delivery Receipt for Business Aviation
The National Air Transportation Association (NATA) in partnership with 4AIR announced the release of a first-ever Sustainable Aviation Fuel (SAF) receipt for business aviation.
HawkEye 360 Opens New Satellite Manufacturing Facility
HawkEye 360 Inc., the world’s leading commercial provider of space-based radio frequency (RF) data and analytics, announced the grand opening of its Advanced Technology and Development Center in Herndon, Virginia.
In Agritech News this week…
Modular Hydroponic Farms like GrowPods Can Offer Security in Recessions
Advanced Container Technologies, Inc, announced that modular hydroponic farms like GrowPods are within a sector that may provide added security during a recession, according to a new report.
Origin Agritech Receives a $35 Million Order from Muyuan Foods
Origin Agritech Ltd., an agriculture technology company, announced that the company has received an order for its hybrid corn worth RMB240 million, or roughly $35 million, from Muyuan Foods.
In Automotive News this week…
SkyDrive Progress toward Acquiring Type Certification with Composite Vehicle’s Structure
SkyDrive Inc. (hereinafter “SkyDrive”), a developer of “flying cars” and “cargo drones” headquartered in Toyota City, Aichi Prefecture, has partnered with Toray Carbon Magic Co., Ltd. (hereinafter “TCM”), based in Maibara City, Shiga Prefecture, and providing advanced carbon fiber-reinforced plastic (CFRP) products for the automotive, aerospace and other industries, to develop a composite vehicle’s structure together.
Loop Energy and Mobility & Innovation Advance to Commercial Scale-Up Phase
Loop EnergyTM announces Mobility & Innovation (M&I) has purchased an additional 10 fuel cell systems to meet the growing demand for its hydrogen-electric city bus. The order sees Loop Energy progress to the Scale-Up Phase with a second bus manufacturer.
In news from the Banking, Finance, Securities and Insurance sector this week…
AssuredPartners Announces Acquisition of The Shepherd Agency, LLC
AssuredPartners, Inc. is pleased to announce that The Shepherd Agency of Fort Washington, PA has joined AssuredPartners. The Shepherd Agency marks the eleventh acquisition in 2022.
Zug-based fintech firm Alphanect has announced the launch of Alphanect Selection, an all-new curated portfolio of private market products for wealth managers and investors. Alphanect Selection facilitates access to private markets and is the latest addition to Alphanect’s suite of technology-driven investment solutions.
In Energy and Power Sector News this week…
General Motors and Livent Enter Long-Term Lithium Hydroxide Supply Agreement
Livent and General Motors Co. announced a significant multi-year sourcing agreement in which Livent will supply GM with battery-grade lithium hydroxide made primarily from lithium extracted at Livent’s brine-based operations in South America.
Minnesota Power, a utility division of ALLETE Inc., and Great River Energy announced their intent to build an approximately 150-mile, double-circuit 345-kV transmission line from northern Minnesota to central Minnesota near Becker that will support grid reliability in the Upper Midwest.
In IT news this week…
Schneider Electric, the leader in the digital transformation of energy management and automation, announced the launch of Cybersecurity Solutions for Buildings, a solution that helps all buildings customers secure their building management systems (BMS) to protect their people, assets and operations.
OpenText Launches Three New Solutions on Salesforce AppExchange
OpenText, announced the addition of three new solutions on the Salesforce AppExchange, bringing its total number of AppExchange offerings to six and enabling customers of any size to benefit from the governance, productivity, and efficiency of the OpenText content services platform.