Sumitomo Group

SpinLaunch and Sumitomo Form Strategic Partnership to Expand Global Commercialization of Sustainable, Low-Cost Space Solutions

Retrieved on:

Thursday, September 7, 2023

SpinLaunch , a pioneering space company enabling rapid and sustainable low-cost access to space, and the Sumitomo Corporation (“SC”) of Japan, a leading Fortune 500 global trading and business investment company, have formed a strategic partnership to expand the global market for affordable and sustainable space services.

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SpinLaunch , a pioneering space company enabling rapid and sustainable low-cost access to space, and the Sumitomo Corporation (“SC”) of Japan, a leading Fortune 500 global trading and business investment company, have formed a strategic partnership to expand the global market for affordable and sustainable space services.
SpinLaunch has also developed satellite solutions that complement its low-cost and high-cadence approach to space, meeting upcoming LEO constellation needs.
“This strategic partnership marks a milestone in SpinLaunch’s journey towards becoming the leading provider of low-cost space solutions globally,” said Wen Hsieh, Board representative of Kleiner Perkins.
We are excited about the potential of this strategic partnership and our ability to collectively expand our technology capabilities and bring massive disruption to the space economy.”

Strider Technologies and Sumisho Aero-Systems Corporation Announce Strategic Partnership

Retrieved on:

Tuesday, September 12, 2023

Indo-Pacific, Strategic intelligence, Partnership, National security, University, Research, SALT, Sumitomo Corporation, SAS, Sumitomo Group, Strider

SALT LAKE CITY and TOKYO, Sept. 11, 2023 /PRNewswire/ -- Strider Technologies, Inc. ("Strider") and Sumisho Aero-Systems Corporation ("SAS"), a Sumitomo Corporation company, have agreed to a strategic partnership that will bring and expand Strider's unique technology solution in the Japanese market, together with Sumitomo Corporation and Sumitomo Corporation of Americas (collectively with SAS, "Sumitomo").

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SALT LAKE CITY and TOKYO, Sept. 11, 2023 /PRNewswire/ -- Strider Technologies, Inc. ("Strider") and Sumisho Aero-Systems Corporation ("SAS"), a Sumitomo Corporation company, have agreed to a strategic partnership that will bring and expand Strider's unique technology solution in the Japanese market, together with Sumitomo Corporation and Sumitomo Corporation of Americas (collectively with SAS, "Sumitomo").
Strider is the leading provider of Strategic Intelligence for companies, governments, research institutions, and universities.
The partnership with SAS will enable Strider to deliver cutting-edge solutions to address economic security threats to talent, technologies, and supply chains emanating from nation-state actors to the Japanese market.
"We are pleased to enter into a strategic partnership with Strider and announce it today," said Hiroshi Ogawa, President & CEO of SAS.

Global Report Explores Synergy of Green Hydrogen, Ammonia, and Steel Markets, Forecasting a Decarbonized Future by 2040 - ResearchAndMarkets.com

Retrieved on:

Wednesday, September 6, 2023

The trio of green hydrogen, green ammonia, and green steel are pivotal in paving the way for a departure from fossil fuels.

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The trio of green hydrogen, green ammonia, and green steel are pivotal in paving the way for a departure from fossil fuels.
Green ammonia plays a critical role as a bridge connecting green hydrogen production to significant end-use applications like the manufacturing of green steel.
Green ammonia emerges as a vital conduit, linking the supply of green hydrogen to major industrial uses, particularly in green steel production, and also offers a means to export renewable hydrogen.
These sectors—green hydrogen, green ammonia, and green steel—lay the foundation for a sustainable and decarbonized industrial future.

Kenorland Minerals Receives Notice of Exercise of Top-Up Right from Sumitomo and Announces New Omnibus Share Incentive Plan

Retrieved on:

Friday, September 1, 2023

Exercise, TSX Venture Exchange, AGM, FSE, IRA, Sumitomo Group, Financial adviser, Kenorland

The Company announces that its board of directors has approved the replacement of its existing stock option plan and long-term incentive plan with a new omnibus share incentive plan (the "New Plan").

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The Company announces that its board of directors has approved the replacement of its existing stock option plan and long-term incentive plan with a new omnibus share incentive plan (the "New Plan").
Shareholders will be asked to ratify and confirm adoption of the New Plan at the next annual general meeting to be held on September 22, 2023.
The New Plan remains subject to the final approval of the TSX Venture Exchange.
Details of the New Plan can be found in the Company's 2023 AGM information circular on its website at www.kenorlandminerals.com/investors/#agm-materials or on the Company's SEDAR+ profile.

Poxel Reports Cash and Revenue for the Second Quarter and First Half 2023 and Provides Corporate Update

Retrieved on:

Wednesday, August 30, 2023

These factors have resulted in a much higher increase in demand for TWYMEEG than expected by Sumitomo, and thus inventories are temporarily tight.

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These factors have resulted in a much higher increase in demand for TWYMEEG than expected by Sumitomo, and thus inventories are temporarily tight.
For the Sumitomo FY 2023, as a conservative assumption in line with Sumitomo’s forecast, Poxel expects to receive 8% royalties on TWYMEEG net sales.
On July 5th, Poxel was chosen as the winner of the 2023 edition of the I-nov contest for its program in ALD.
As of June 30, 2023, cash and cash equivalents were EUR 7.6 million (USD 8.2 million), as compared to EUR 13.1 million (USD 14.0 million) as of December 31, 2022.

Deep-South Appoints Experienced Mining Lawyer Matthew Starnes as Independent Director

Retrieved on:

Wednesday, August 30, 2023

Allen & Overy, DSM, TSX Venture Exchange, General counsel, Sumitomo Corporation, History, Energy and Mineral Resources Division, Sierra Gorda, Mining, Ambatovy mine, McGill University, Management, Sumitomo Group

VANCOUVER, British Columbia, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Deep-South Resources Inc. ("Deep-South" or the Company) (TSX-V: DSM) announces the appointment of Matthew Starnes as an independent Director.

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VANCOUVER, British Columbia, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Deep-South Resources Inc. ("Deep-South" or the Company) (TSX-V: DSM) announces the appointment of Matthew Starnes as an independent Director.
Mr. Starnes is a lawyer with over 25 years of experience.
Mr. Starnes is currently a consultant Peerpoint lawyer with Allen & Overy in Tokyo specializing in mining law.
His vast experience in the mining industry and his qualifiquations add considerable strength to Deep-South.”
The appointment of Mr. Starnes is conditional to the approval of the TSX Venture Exchange.

Emergence of Green Steel in a Carbon-Free Era: In-Depth Analysis from to 2034 - Report on Global Markets for Green Hydrogen, Ammonia, and Steel

Retrieved on:

Wednesday, August 30, 2023

The markets for green hydrogen, green ammonia, and green steel are intricately intertwined within the broader context of the energy transition, mutually reinforcing each other's expansion as they collectively work to decarbonize heavy industry.

Key Points:

The markets for green hydrogen, green ammonia, and green steel are intricately intertwined within the broader context of the energy transition, mutually reinforcing each other's expansion as they collectively work to decarbonize heavy industry.
The trio of green hydrogen, green ammonia, and green steel are pivotal in paving the way for a departure from fossil fuels.
Green ammonia plays a critical role as a bridge connecting green hydrogen production to significant end-use applications like the manufacturing of green steel.
Green ammonia emerges as a vital conduit, linking the supply of green hydrogen to major industrial uses, particularly in green steel production, and also offers a means to export renewable hydrogen.

State and City Representatives Meet with Sumitomo Machinery Corporation of America's Leadership Team to Discuss Future Growth Opportunities

Retrieved on:

Wednesday, August 2, 2023

Workforce, Learning, SMA, Workforce Innovation in Regional Economic Development, Government, Competition, Michoud Assembly Facility, Acquisition, Investment, Ministry of Commerce, Trade and Industry, Economic development, Commonwealth, Cabinet Council on Commerce and Trade, Commerce, Ironworks, Tourism, Hampton Roads, Sumitomo Group

CHESAPEAKE, Va., Aug. 2, 2023 /PRNewswire-PRWeb/ -- The Sumitomo Drives Technology Executive Team met with a delegation of esteemed government officials from the Commonwealth of Virginia, which included Virginia's Secretary of Commerce and Trade, Caren Merrick, and Deputy Secretary of Commerce & Trade, Nicole Riley. Also in attendance were Steven Wright, Kerstin Plarr, Ben White, and Lloyd Jackson, representing Chesapeake Economic Development, and Cliff Copley from the Hampton Roads Alliance. The group toured the 350,000 square feet Chesapeake manufacturing facility, which also serves as the North American Headquarters for the company. The visit focused on future growth opportunities for Sumitomo Drive Technologies in the Hampton Roads area.

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The group toured the 350,000 square feet Chesapeake manufacturing facility, which also serves as the North American Headquarters for the company.
The visit focused on future growth opportunities for Sumitomo Drive Technologies in the Hampton Roads area.
Sumitomo Drive Technologies has been a significant player in the power transmission industry for years, fostering economic growth in its operating regions.
With the insights and discussions from this visit, Sumitomo looks forward to expanding its operations further, contributing to Virginia's economic landscape, and continuing its collaborations with city, state, and regional officials for future growth opportunities.

Thomas Marra Steps Down as Chair of Symetra Financial Corporation Board of Directors

Retrieved on:

Monday, July 31, 2023

Symetra Financial Corporation (“Symetra”), a wholly owned subsidiary of Sumitomo Life Insurance Company (“Sumitomo”), today announced the resignation of Thomas M. Marra as chair of its board of directors, effective July 31, 2023.

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Symetra Financial Corporation (“Symetra”), a wholly owned subsidiary of Sumitomo Life Insurance Company (“Sumitomo”), today announced the resignation of Thomas M. Marra as chair of its board of directors, effective July 31, 2023.
“On behalf of Sumitomo and the board, we thank Tom for his service and longstanding commitment to Symetra and its success,” said Kensei Kawaguchi, Managing Executive Officer, Sumitomo Life Insurance Company, and Symetra Financial Corporation board member.
“He played an essential role in Sumitomo’s acquisition of Symetra, and in developing the productive relationship between the two organizations as CEO and then as board chair.
We wish him well in his future endeavors.”
Mr. Marra joined Symetra in June 2010 as president and chief executive officer of Symetra Financial Corporation and its insurance subsidiaries, a role he held until February 2018.

Sumitomo Corporation Selects AWS to Drive Its Digital Transformation

Retrieved on:

Monday, July 31, 2023

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Sumitomo Corporation, a leading trading and investment conglomerate that operates 900 companies in 66 countries, is using AWS to power its digital transformation.

Key Points:

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Sumitomo Corporation, a leading trading and investment conglomerate that operates 900 companies in 66 countries, is using AWS to power its digital transformation.
Sumitomo Corporation has collaborated with AWS since 2017 to accelerate its digital transformation.
SCSK, a Sumitomo Corporation Group company and AWS Premier Consulting Partner, helped Sumitomo Corporation build a secure platform on AWS to help employees access data and easily build applications using advanced cloud technologies.
The modern cloud-based platform, dubbed the Sumitomo Corporation Digital Platform (SCDP), connects data across Sumitomo Corporation’s entire business.