JV

Beyond New Horizons Secures $3.7 Billion U.S. Air Force Test Operations and Sustainment (TOS) II Contract

Retrieved on: 
Monday, March 25, 2024
Hardware, Contracts, White House, Federal Government, Security, Aerospace, Data Management, Manufacturing, Technology, Other Policy Issues, Nanotechnology, Defense, Congressional News, Views, Public Policy, Government, Other Technology, Software, Networks, Joint venture, JV, BNH, AEDC, Wind, United States Air Force, Arnold Engineering Development Complex, Air cargo

Today Beyond New Horizons, LLC (BNH) announced it has been awarded the U.S. Air Force Test Operations and Sustainment (TOS) II contract valued at more than 3.7 billion dollars.

Key Points: 
  • Today Beyond New Horizons, LLC (BNH) announced it has been awarded the U.S. Air Force Test Operations and Sustainment (TOS) II contract valued at more than 3.7 billion dollars.
  • BNH is a Joint Venture (JV) between Astrion and Fluor specializing in testing and evaluation for military and space systems.
  • BNH will carry out test operations, technology development, equipment and facility sustainment, and capital improvements to ensure the continuity of the Arnold Engineering Development Complex (AEDC) ground test mission.
  • "Together, we are revolutionizing aerospace ground testing and sustainment operations, ultimately enhancing U.S. Air Force systems for years to come."

GreenStruxure® Renewable Energy Microgrids Enables Bimbo Bakeries USA Move Towards Net Zero

Retrieved on: 
Friday, March 15, 2024
Environment, Sustainability, Alternative Energy, Green Technology, Energy, Environmental Health, Climate Change, Electricity, EV, Grupo Bimbo, Schneider Electric, JV, Partnership, Bimbo Bakeries USA, Microgrid, Global warming potential, C&I, Carbon, Cloud computing, Renewable energy

GreenStruxure , a leading Energy as a Service company, recently commissioned state-of-the-art onsite renewable energy microgrids for Bimbo Bakeries USA , the leading baking company in the United States, at its California facilities.

Key Points: 
  • GreenStruxure , a leading Energy as a Service company, recently commissioned state-of-the-art onsite renewable energy microgrids for Bimbo Bakeries USA , the leading baking company in the United States, at its California facilities.
  • In 2022, GreenStruxure and Bimbo Bakeries USA entered into a long-term Energy Services Agreement to design, build, operate, and maintain onsite renewable energy microgrids systems for six of its California bakeries - Montebello, Placentia, Oxnard, San Luis Obispo, South San Francisco, and Sacramento.
  • As part of the Energy Services Agreement, GreenStruxure designed and built the on-site renewable energy microgrids that it now operates and maintains.
  • “It’s a cost-effective way for companies to mitigate risk while making a positive environmental impact.”
    The official ribbon-cutting ceremony for the renewable energy microgrids was held on March 12, 2024, at the Bimbo Bakeries USA Montebello bakery, the largest of the six microgrids.

Jacobs Awarded Federal Emergency Management Agency Response and Recovery Contract

Retrieved on: 
Thursday, April 4, 2024
Emergency, Health, Conversation, Longevity, Disaster, Infection, JV, Risk, Welfare, Mission, Management, Private sector, Security (finance), IDIQ, City, Federal Emergency Management Agency, Annual report, CDM, FEMA, Multimedia, Result, Analysis, Government, CDM Smith, Legislation, Nursing

DALLAS, April 4, 2024 /PRNewswire/ -- Jacobs (NYSE:J), the managing partner for a joint venture (JV) between Jacobs and CDM Smith, was awarded a Public Assistance Technical Assistance Contract V (PA TAC V) for continued support of the U.S. Department of Homeland Security's Federal Emergency Management Agency's (FEMA) mission. Through site inspection, field support, technical evaluation and cost analysis, Jacobs will continue to provide hazard mitigation strategies to re-build communities and critical infrastructure following disasters in the West Zone Regions.

Key Points: 
  • DALLAS, April 4, 2024 /PRNewswire/ -- Jacobs (NYSE:J), the managing partner for a joint venture (JV) between Jacobs and CDM Smith, was awarded a Public Assistance Technical Assistance Contract V (PA TAC V) for continued support of the U.S. Department of Homeland Security's Federal Emergency Management Agency's (FEMA) mission.
  • Jacobs also advises FEMA on use of sustainable, resilient practices that protect facilities from future events.
  • "For more than 20 years, Jacobs has deployed hundreds of local technical specialists to deliver public assistance to underserved communities in times of disaster," said Jacobs Senior Vice President Susannah Kerr.
  • Under previous contracts, the JV was awarded more than $951 million to provide public assistance, recovery operations, construction and project management and technical services.

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, April 2, 2024
JV, Capital expenditure, Public expenditure, Gemstone, Mountain Province Diamonds, Net, Adjustment, De Beers

TORONTO, April 2, 2024 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province Diamonds", or the "Company") (TSX: MPVD) (OTC: MPVD) today announces its financial and operating results for the fourth quarter ("the Quarter" or "Q4 2023") and the full year ended December 31, 2023 ("FY 2023").

Key Points: 
  • The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
  • Mountain Province Diamonds President and CEO Mark Wall commented:
    "Coming from record 2022 where multiple Company financial records were broken, 2023 saw reduced revenues primarily due to a softening market.
  • Initial stages of a recent G7 sanction banning imports of Russian-origin rough diamonds have increased efforts through the diamond pipeline to track and promote diamond's origin tracing.
  • The following table summarizes the key operating statistics for Q4 2023 and FY 2023, and the previous year, at the Gahcho Kué Mine.

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, April 2, 2024
JV, Capital expenditure, Public expenditure, Gemstone, Mountain Province Diamonds, Net, Adjustment, De Beers

The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.

Key Points: 
  • The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
  • Mountain Province Diamonds President and CEO Mark Wall commented:
    "Coming from record 2022 where multiple Company financial records were broken, 2023 saw reduced revenues primarily due to a softening market.
  • Initial stages of a recent G7 sanction banning imports of Russian-origin rough diamonds have increased efforts through the diamond pipeline to track and promote diamond's origin tracing.
  • The following table summarizes the key operating statistics for Q4 2023 and FY 2023, and the previous year, at the Gahcho Kué Mine.

PREIT Completes Financial Restructuring and Implements Changes to Management and Board

Retrieved on: 
Monday, April 1, 2024
Management, Bankruptcy, Plan, Howard Hughes Corporation, JV, LPT, COVID-19, FDP, PREIT, Brookfield Properties, Vicinity Centres, The Rouse Company, International Council, Realty Income, VEREIT, GGP, ICSC, Fashion District Philadelphia, LP

Trade creditors and property level mortgage debt were unaffected by the restructuring.

Key Points: 
  • Trade creditors and property level mortgage debt were unaffected by the restructuring.
  • As a result of its corporate reorganization and consolidation of equity holders, PREIT is no longer an SEC reporting company.
  • In support of its go-forward business plan, PREIT is also announcing certain changes to its management and Board.
  • Mr. Coradino led PREIT through its comprehensive financial and corporate restructuring as discussed above, and now that such restructuring has been successfully completed, Mr. Coradino will no longer serve as Chief Executive Officer and trustee of PREIT, effective as of April 1, 2024.

AGCO and Trimble Close Joint Venture, Form PTx Trimble

Retrieved on: 
Monday, April 1, 2024
Bank statement, TRMB, Farmer, Data management, Hand, JV, AGCO, Management

DULUTH, Ga. and WESTMINSTER, Colo., April 1, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) today announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

Key Points: 
  • AGCO has acquired an 85% stake in PTx Trimble, and Trimble will hold a 15% stake.
  • Going forward, the PTx Trimble JV will be consolidated into AGCO's financial statements.
  • "PTx Trimble will provide farmers greater access to next-generation precision ag tools, no matter what brands of tractors and implements they operate."
  • The formation of PTx Trimble enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.

AGCO and Trimble Close Joint Venture, Form PTx Trimble

Retrieved on: 
Monday, April 1, 2024
Bank statement, TRMB, Farmer, Data management, Hand, JV, AGCO, Management

DULUTH, Ga. and WESTMINSTER, Colo., April 1, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) today announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

Key Points: 
  • AGCO has acquired an 85% stake in PTx Trimble, and Trimble will hold a 15% stake.
  • Going forward, the PTx Trimble JV will be consolidated into AGCO's financial statements.
  • "PTx Trimble will provide farmers greater access to next-generation precision ag tools, no matter what brands of tractors and implements they operate."
  • The formation of PTx Trimble enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.

The INX Digital Company Reports Q4 2023 and Annual Financial Results

Retrieved on: 
Monday, April 1, 2024
Ethereum, JV, Partnership, Blockchain, RWA, KYC, Head, CBDC, Q4, Community business development corporation, INX, Reserve, Investment, Calendar, Privacy, Cryptocurrency

TORONTO, April 1, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, a U.S. broker-dealer, an alternative trading system, a transfer agent, and an inter-dealer broker (through its subsidiaries), announced Q4 and annual financial results for 2023.

Key Points: 
  • TORONTO, April 1, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, a U.S. broker-dealer, an alternative trading system, a transfer agent, and an inter-dealer broker (through its subsidiaries), announced Q4 and annual financial results for 2023.
  • Q4 2023 net revenue of $1.1M, primarily from transaction and brokerage fees, 14 percent lower compared to Q3 2023.
  • Q4 2023 net loss from operations of $4.4M, slightly lower compared to $4.7M in Q3 2023.
  • In Q4 2023, INX listed Republic Note on INX.One for secondary market trading and completed the integration of the Republic Wallet as a new custody solution for clients on INX.

AG&P LNG Awarded 20-year Contract by PLN EPI, Indonesia for Co-development, Ownership and Operations of LNG Import Terminals in Sulawesi-Maluku Power Cluster

Retrieved on: 
Tuesday, March 26, 2024
Energi, Carbon, SBS, Natural gas, MTPA, JV, AG, Partnership, Acquisition, LNG carrier, PLN, Consortium, Plant, Investment, FSRU, PT PLN

SINGAPORE, March 26, 2024 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P LNG, majority-owned by Nebula Energy, announced today that its subsidiary PT AGP Indonesia Utama (AG&P Indonesia), along with consortium members Suasa Benua Sukses (SBS) and KPMOG, collectively referred to as the Consortium, has won a large-scale 20-year contract for LNG infrastructure from PLN EPI in Indonesia. The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia. The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.

Key Points: 
  • PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia will be the customer and co-shareholder in the facility.
  • The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia.
  • The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.
  • Among its LNG terminal project portfolio, AG&P LNG is the operator of the first LNG import and regasification terminal in the Philippines, the Philippines LNG (PHLNG) Import Terminal located in Batangas Bay.