ACC

Captive insurance to be a primary focus in Labuan IBFC's 5-year strategic roadmap

Friday, December 3, 2021 - 1:00am

KUALA LUMPUR, Malaysia, Dec. 3, 2021 /PRNewswire/ -- Labuan International Business and Financial Centre (Labuan IBFC) continues to expand with increasing demand for its varying captive structures from across the globe, charting a 28% increase in its premiums for captive business and 18 new captives approved as at the third quarter of 2021.

Key Points: 
  • "At the same time, the Labuan captive business model which utilises protected cell companies (PCCs) has gained traction as a cost-effective method of operating captives.
  • To date, there are approximately 7,000 captive insurance companies set up globally that enjoy this benefit.
  • Established in 1990, Labuan IBFC is regulated by the Labuan Financial Services Authority (Labuan FSA), statutory Regulator under the purview of the Ministry of Finance, Malaysia.
  • To keep up with everything about Labuan IBFC, follow us on LinkedIn, Facebook or Twitter @LabuanIBFC.

Acepodia Raises $109 Million Series C Financing to Advance Development of First-in-Class Antibody Cell Effector Therapies

Thursday, December 2, 2021 - 1:00pm

The funds will be used to further validate the companys ACC technology and advance its pipeline of antibody cell effector (ACE) therapies for patients with cancer with limited treatment options.

Key Points: 
  • The funds will be used to further validate the companys ACC technology and advance its pipeline of antibody cell effector (ACE) therapies for patients with cancer with limited treatment options.
  • Concurrent with the financing, Samuel Chen, Director at Digital Mobile Venture, will join the Acepodia Board of Directors.
  • Acepodia has raised $166 million to date in venture capital financing, including a $47 million Series B round completed in March 2021.
  • Acepodia is a clinical-stage biotechnology company developing first-in-class cell therapies with its unique Antibody-Cell Conjugation (ACC) platform technology to address gaps in cancer care.

Gerod W. King is recognized by Continental Who's Who

Wednesday, December 1, 2021 - 10:45pm

WEDDINGTON, N.C., Dec. 1, 2021 /PRNewswire/ --Gerod W. King is being recognized by Continental Who's Who as a Trusted Coach/Trainer for his dedication to the Business Coaching industry and in recognition of his exceptional work at his private practice, Gerod King and Associates LLC (GKA).

Key Points: 
  • WEDDINGTON, N.C., Dec. 1, 2021 /PRNewswire/ --Gerod W. King is being recognized by Continental Who's Who as a Trusted Coach/Trainer for his dedication to the Business Coaching industry and in recognition of his exceptional work at his private practice, Gerod King and Associates LLC (GKA).
  • To begin his career, Mr. King attended North Carolina Central University, graduating with a Bachelor's degree in Public Administration.
  • Mr. King served in the U.S. Army Reserve for 20 years, retiring at Fort Knox, KY in 2007.
  • He is passionate about helping others change how they think, lead, and live through his private practice, Gerod King and Associates LLC.

Lingering Impacts From Hurricane Ida Weighed On U.S. Chemical Production In October

Wednesday, December 1, 2021 - 9:41pm

The manufacturing sector is the largest consumer of chemical products, and 96% of manufactured goods are touched by chemistry.

Key Points: 
  • The manufacturing sector is the largest consumer of chemical products, and 96% of manufactured goods are touched by chemistry.
  • The U.S. CPRI was developed to track chemical production activity in seven regions of the United States.
  • The U.S. CPRI is based on information from the Federal Reserve,and as such, includes monthly revisions as published by the Federal Reserve.
  • The U.S. CPRI includes the most recent Federal Reserve benchmark revision released on May 28, 2021.

EQS-News: Holcim Group Statement following court interview of Lafarge SA on            29 November 2021, Paris, France

Wednesday, December 1, 2021 - 6:05pm

Given the gravity of the alleged offences, Beat Hess, Chairman of the Board of Holcim, accepted to represent Lafarge SA in the court hearing.

Key Points: 
  • Given the gravity of the alleged offences, Beat Hess, Chairman of the Board of Holcim, accepted to represent Lafarge SA in the court hearing.
  • At the closing of the interview, he said:
    'I cannot comment on the details of the case as the investigation is ongoing.
  • What I can say is that all the alleged charges against Lafarge SA are in stark contrast with everything that Holcim stands for as a company.
  • All events under examination took place before the merger of Lafarge and Holcim and were concealed to Holcim during the merger.

LafargeHolcim in the US Introduces ECOPlanet TerCem™ to Scale High-Performance Green Building Solutions

Wednesday, December 1, 2021 - 4:00pm

CHICAGO, Dec. 1, 2021 /PRNewswire/ --Today, LafargeHolcim in the US introduced a new ECOPlanet product, TerCem, an ultra-low carbon footprint cement.

Key Points: 
  • CHICAGO, Dec. 1, 2021 /PRNewswire/ --Today, LafargeHolcim in the US introduced a new ECOPlanet product, TerCem, an ultra-low carbon footprint cement.
  • As the United States doubles down on its commitment to lowering the carbon footprint of the built environment and improving national infrastructure, ECOPlanet cement products, along with TerCem will enable low-carbon construction at scale.
  • As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world.
  • Our customers rely on us to help them design and build better communities with innovative solutions that deliver structural integrity and eco-efficiency.

EQS-News: Holcim closes divestment of business in Zambia in line with portfolio transformation

Wednesday, December 1, 2021 - 8:02am

Jan Jenisch, CEO: 'This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in attractive growth opportunities.

Key Points: 
  • Jan Jenisch, CEO: 'This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in attractive growth opportunities.
  • Huaxin has been a trusted partner for many years and we see the company as an ideal owner to further develop the business in Zambia.'
  • The sale of Holcim's business in Zambia follows the divestment of the Indian Ocean cluster, which was closed at the end of October 2021.
  • As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world.

Spectra7 Announces Third Quarter Revenue Up 450% Year-Over-Year

Monday, November 29, 2021 - 1:00pm

SAN JOSE, Calif., Nov. 29, 2021 /PRNewswire/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, today announced financial results for its third quarter of 2021. A copy of the unaudited interim consolidated financial statements for the three and nine month periods ended September 30, 2021, prepared in accordance with International Financial Reporting Standards (IFRS), and the corresponding management's discussion and analysis (MD&A) will be available under the Company's profile on the Canadian Securities Administrator's SEDAR website at www.sedar.com. All amounts reported are in U.S. dollars unless otherwise noted.

Key Points: 
  • Revenue was $1.57 million for Q3 2021, an increase of approximately 114% sequentially from Q2 2021, and an increase of approximately 456% from the third quarter of 2020.
  • Non-IFRS operating expenses2 in Q3 2021 were $2.04 million, up approximately $0.25 million from the prior quarter, and up $0.97 million over the same quarter a year ago.
  • EBITDA3 loss was approximately $0.94 million, compared with a loss of $1.15 million in the prior quarter and $0.72 million in the same quarter a year ago.
  • "Our revenue continued its positive momentum in the third quarter, supported by increased customer volumes, record order backlog which has continued to grow and several new design-ins for our Active Copper Cable technology," said Spectra7 CEO Raouf Halim.

EQS-News: Holcim launches DYNAMax high-performance concrete to build more with less

Thursday, November 25, 2021 - 8:03am

Holcim introduces DYNAMax, the ultimate performance concrete, delivering high strength, durability and rigidity with design freedom and sustainability.

Key Points: 
  • Holcim introduces DYNAMax, the ultimate performance concrete, delivering high strength, durability and rigidity with design freedom and sustainability.
  • Jan Jenisch, CEO Holcim: 'I'm excited by the launch of our DYNAMax high-performance concrete, advancing our global range of innovative and sustainable building solutions.
  • With today's population and urbanization trends, DYNAMax is an ideal material to build smarter cities.
  • DYNAMax offers the broadest range of high-performance concrete, delivering superior compressive strength along with additional technical benefits from rigidity to durability.

The CBR1000RR-R Fireblade SP 30th Anniversary and New ADV350 Headline Honda's 2021 EICMA Line-up

Wednesday, November 24, 2021 - 12:57am

Headlining Honda's EICMA line-up is the new CBR1000RR-R Fireblade, Fireblade SP and Fireblade SP 30th Anniversary.

Key Points: 
  • Headlining Honda's EICMA line-up is the new CBR1000RR-R Fireblade, Fireblade SP and Fireblade SP 30th Anniversary.
  • To celebrate the original, ground-breaking Fireblade and 30 years of continuous challenges since the introduction of that 1992 game-changer, a stunning Limited Edition 30th Anniversary version of the Fireblade SP will be available in 2022.
  • The final drive sprocket also goes up 3 teeth, to 43, further boosting acceleration through each ratio.
  • A new material and surface finish for the Fireblade's front Nissin brake calipers' pistons improves braking performance and consistency in race conditions.