General Electric

DGAP-News: Relay Medical Announces Closing of Private Placement for Proceeds of Over $600,000

Friday, May 29, 2020 - 11:02pm

Toronto, Ontario--(Newsfile Corp. - May 29, 2020) - Relay Medical Corp. (CSE: RELA) (OTCQB: RYMDF) (FSE: EIY2) ("Relay" or the "Company"), is pleased to announce the closing of a non-brokered private placement financing (the "Offering") of gross proceeds of $639,500 through the issuance of 3,522,777 Units (each, a "Unit") at a price of $0.18 per Unit.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - May 29, 2020) - Relay Medical Corp. (CSE: RELA) (OTCQB: RYMDF) (FSE: EIY2) ("Relay" or the "Company"), is pleased to announce the closing of a non-brokered private placement financing (the "Offering") of gross proceeds of $639,500 through the issuance of 3,522,777 Units (each, a "Unit") at a price of $0.18 per Unit.
  • Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.20 on or before May 29, 2022.
  • Gross proceeds raised from the Offering will be used for working capital and general corporate purposes.
  • The securities issued upon closing of the Offering are subject to a hold period until September 30, 2020, pursuant to applicable securities laws.

FTC Approves Final Order Settling Charges that Danaher Corporation’s Acquisition of GE Biopharma Was Anticompetitive

Friday, May 29, 2020 - 10:01pm

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Danaher Corporations acquisition of GE Biopharmawould likely reduce competition in highly concentrated markets that supply biopharmaceutical companies with key inputs.

Key Points: 
  • Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Danaher Corporations acquisition of GE Biopharmawould likely reduce competition in highly concentrated markets that supply biopharmaceutical companies with key inputs.
  • Danaher is divesting to Sartorius AG all rights and assets to research, develop, manufacture, market, and sell these products.
  • The Commission vote to approve the final order was 3-1-1, with Commissioner Rohit Chopra voting no and Commissioner Rebecca Kelly Slaughter not participating.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Approves Final Order Settling Charges that Danaher Corporation’s Acquisition of GE Biopharma Was Anticompetitive

Friday, May 29, 2020 - 10:00pm

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Danaher Corporations acquisition of GE Biopharmawould likely reduce competition in highly concentrated markets that supply biopharmaceutical companies with key inputs.

Key Points: 
  • Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Danaher Corporations acquisition of GE Biopharmawould likely reduce competition in highly concentrated markets that supply biopharmaceutical companies with key inputs.
  • Danaher is divesting to Sartorius AG all rights and assets to research, develop, manufacture, market, and sell these products.
  • The Commission vote to approve the final order was 3-1-1, with Commissioner Rohit Chopra voting no and Commissioner Rebecca Kelly Slaughter not participating.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

Freedonia Lighting Expert Weighs in on GE's Divestiture of its Lighting Unit: the End of an Era

Friday, May 29, 2020 - 4:29pm

Savant's purchase of GE Lighting will include a long-term licensing deal for the well-known GE Lighting brand.

Key Points: 
  • Savant's purchase of GE Lighting will include a long-term licensing deal for the well-known GE Lighting brand.
  • Consumers and businesses are looking to reduce the need for frequently touched surfaces, including light switches, and smart lighting fits the bill."
  • Additional analysis of the lighting industry can be found in the following Freedonia reports: Smart Lighting in the US , General PurposeLEDs & Other High-Efficiency Lighting , and General Purpose Lighting Fixtures .
  • About The Freedonia Group The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually.

Smart Homes Market Projected to Grow by $118.8 Billion During 2020-2027, Despite COVID-19 Implications

Thursday, May 28, 2020 - 8:30pm

DUBLIN, May 28, 2020 /PRNewswire/ -- The "Smart Homes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, May 28, 2020 /PRNewswire/ -- The "Smart Homes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Amid the COVID-19 crisis and the looming economic recession, the Smart Homes market worldwide will grow by a projected US $118.8 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 16.3%.
  • In addition, over US $4.9 Billion worth of projected demand in the region will come from Rest of European markets.
  • In Japan, the Lighting Control segment will reach a market size of US $3.9 Billion by the close of the analysis period.

LED Lighting Market Report 2020 - Projected to Recover from the COVID-19 Pandemic to Reach $78.7 Billion by 2027 - ResearchAndMarkets.com

Thursday, May 28, 2020 - 3:21pm

The "LED Lighting - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "LED Lighting - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • The global market for LED Lighting is projected to recover from the current COVID-19 pandemic to reach US$78.7 billion by 2027.
  • With the energy industry the hardest hit by the pandemic and the stringent lockdown and restrictions imposed by governments worldwide, LED lighting market will feel the shocks.
  • Spending on smart homes will be hit hard and LED Lighting will feel the pain as LED technology is the foundation for smart lighting.

360 Finance Announces First Quarter 2020 Unaudited Financial Results

Thursday, May 28, 2020 - 12:02pm

SHANGHAI, China, May 28, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (360 Finance or the Company), a leading digital consumer finance platform, today announced its unaudited financial results for the first quarter ended March 31, 2020.

Key Points: 
  • SHANGHAI, China, May 28, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (360 Finance or the Company), a leading digital consumer finance platform, today announced its unaudited financial results for the first quarter ended March 31, 2020.
  • Mr. Haisheng Wu, Chief Executive Officer and Director of 360 Finance, commented, The first quarter of 2020 was an unusual quarter, as the entire fintech industry essentially went through a COVID-19-induced extreme stress test in terms of business performance and asset quality.
  • Mr. Jiang Wu, Chief Financial Officer and Director of 360 Finance, stated, In compliance with FASB requirements, we adopted the new accounting standard ASC 326: Financial instruments Credit Losses starting this quarter.
  • 360 Finance currently expects total loan origination volume for fiscal year 2020 to be in the range of RMB 200 billion to RMB 220 billion.

COVID-19 Outlook and Impact- Automation Solutions Market in the Oil and Gas Industry 2020-2024 | Rise in the Global Demand for Oil and Gas to Boost Growth | Technavio

Thursday, May 28, 2020 - 8:00am

Our automation solutions market in the oil and gas industry report covers the following areas:

Key Points: 
  • Our automation solutions market in the oil and gas industry report covers the following areas:
    This study identifies the shift from on-premise to cloud-based systems as one of the prime reasons driving the growth of the automation solutions market in the oil and gas industry during the next few years.
  • Automation Solutions Market in the Oil and Gas Industry 2020-2024: Vendor Analysis
    We provide a detailed analysis of around 25 vendors operating in the Automation Solutions Market in the Oil and Gas Industry, including some of the vendors such as ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.
  • Backed with competitive intelligence and benchmarking, our research reports on the Automation Solutions Market in the Oil and Gas Industry are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Automation Solutions Market in the Oil and Gas Industry 2020-2024: Key Highlights

CORRECTED – OrgHarvest Inc. Completes First Seed International Stock Transfer Agreement

Wednesday, May 27, 2020 - 11:27pm

The corrected release follows:

Key Points: 
  • The corrected release follows:
    OrgHarvest Inc. , ( OTCMKTS: ORGH ) (OrgHarvest or the Company), a family of brands offering superior products from a new generation of innovators, today announces that a stock transfer agreement, effective Nov. 22, 2019, has been completed.
  • The transfer will allow for the rapid expansion of OrgHarvest, with an emphasis on superior ingredients for consumer products.
  • Through the transfer, OrgHarvest has received 2,275,000 shares of Zona Energy Inc. common stock from First Seed International and other participants.
  • First Seed International, Inc. and the transferring parties are shareholders in Zona Energy Inc., a Texas corporation.

Shorter Scans and Better Image Quality: Deep Learning-Based MR Image Reconstruction Tech From GE Healthcare Now FDA Cleared

Wednesday, May 27, 2020 - 9:30pm

This pioneering technology, using a deep learning-based neural network, improves the patient experience through shorter scan times while also increasing diagnostic confidence with better image quality across all anatomies.

Key Points: 
  • This pioneering technology, using a deep learning-based neural network, improves the patient experience through shorter scan times while also increasing diagnostic confidence with better image quality across all anatomies.
  • View the full release here: https://www.businesswire.com/news/home/20200527005903/en/
    AIR Recon DL delivers shorter scans and better image quality (Photo: Business Wire)
    Until now, there was an inherent compromise in MR between image quality and scan time.
  • Better image quality achieved through higher signal-to-noise (SNR) and/or spatial resolution needed to show anatomical detail necessitated long scan times.
  • GE Healthcare is the $16.7 billion healthcare business of GE (NYSE: GE).