Monday, August 8, 2022

The News This Week: Read Magazine’s Weekly News Roundup Featuring, NATA, SkyDrive, OpenText, And Alphanect

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.

Alphanect Announces the Launch of Alphanect Selection: A Curated Portfolio of Private Market Investments

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 and Great River Energy to Build Transmission Line to Bolster Electric Reliability in Northern Minnesota

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 and Claroty Launch ‘Cybersecurity Solutions for Buildings’ Reducing Cyber and Asset Risks

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.

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