Reef

ECM Appoints Seasoned Executive Mike Smith as CFO and COO to Steward Rapid Growth of Electric Motor CAD Business

Retrieved on: 
Wednesday, December 6, 2023

US Electric motor design and software company ECM PCB Stator Tech named Mike Smith as Chief Financial Officer and Chief Operating Officer.

Key Points: 
  • US Electric motor design and software company ECM PCB Stator Tech named Mike Smith as Chief Financial Officer and Chief Operating Officer.
  • ECM has seen rapid demand for its electric motor innovation and software technology from multiple sectors.
  • In his new role as ECM’s CFO and COO, Mike Smith brings decades of experience as a finance and operations executive in both private and public companies.
  • “It’s truly impressive how much disruptive innovation ECM brings to an electric motor space that hasn’t really revamped its design and performance capabilities for decades,” said ECM’s new CFO and COO Mike Smith.

Oyster Unveils Pearl, an AI-Powered Chatbot to Accurately Answer Complex Global Hiring and Remote Work Regulation Questions

Retrieved on: 
Tuesday, August 29, 2023

Oyster® , the global employment platform to hire, pay, and care for distributed teams, today launched Pearl, an AI-powered chatbot that can answer questions about global hiring and remote work regulations.

Key Points: 
  • Oyster® , the global employment platform to hire, pay, and care for distributed teams, today launched Pearl, an AI-powered chatbot that can answer questions about global hiring and remote work regulations.
  • Global hiring regulations are complex and ever-changing.
  • “Oyster’s platform empowers users to leverage extensive knowledge and insights on global employment, compliance, and compensation,” said Margaret Wu, Lead Investor at Georgian, an Oyster investor.
  • “It’s exciting to leverage AI alongside our insights in a chatbot that can help navigate the complexities of global and remote employment in a compliant, easy-to-use way.

Blackstone Announces Record Final Close for Fourth Flagship Tactical Opportunities Fund

Retrieved on: 
Monday, August 21, 2023

Blackstone (NYSE: BX) today announced that its Tactical Opportunities business closed its fourth flagship commingled fund, Blackstone Tactical Opportunities Fund IV (“BTO IV”), raising a record $5.2 billion of capital commitments.

Key Points: 
  • Blackstone (NYSE: BX) today announced that its Tactical Opportunities business closed its fourth flagship commingled fund, Blackstone Tactical Opportunities Fund IV (“BTO IV”), raising a record $5.2 billion of capital commitments.
  • Including other single-investor vehicles pursuing the same strategy, the combined BTO IV platform is currently expected to have nearly $10 billion of new capital in its fourth fundraising vintage.
  • This would be substantially higher than the BTO III platform ($4.2 billion for the flagship comingled fund, $8.7 billion inclusive of single-investor vehicles) and the largest-ever vintage of its kind.
  • Blackstone launched its Tactical Opportunities (Tac Opps) platform – a strategy the firm pioneered – in 2012 to invest across the landscape of private investment opportunities outside of traditional private equity and private credit.

Is the Great Barrier Reef reviving – or dying? Here's what's happening beyond the headlines

Retrieved on: 
Wednesday, August 9, 2023

For the last 37 years, our organisation has monitored the health of the world’s largest reef.

Key Points: 
  • For the last 37 years, our organisation has monitored the health of the world’s largest reef.
  • This lets us produce annual updates for the northern, central and southern regions of the Reef.
  • That makes us perhaps the team best qualified to answer the question many people have – how is the Reef going?
  • Last year, for instance, parts of the Reef experienced bleaching in the middle of La Niña – the first time that’s happened on record.

What’s happening on the Reef?

    • It’s a widely used, robust indicator of reef health, but it doesn’t tell the whole story.
    • We also collect detailed data on coral and fish populations, diversity, structural complexity, and abundance of juvenile corals.
    • And we take digital photographs and convert them into 3D photogrammetry models so we can analyse what’s happening in more depth than ever before.
    • Many reefs had a high proportion of Acropora corals, of which the best known are the staghorn and plate corals.

But what about recent heating?

    • Some reefs continued to recover, but these were offset by others which lost coral.
    • While the recovery we reported last year was welcome news, there are challenges ahead.
    • If we get mass bleaching like 2016 – or even worse – it could undo all the recent recovery.
    • Daniela Ceccarelli works for the Australian Institute of Marine Science which receives funding from the Australian Government to conduct the Long-Term Monitoring Program.

Gateway and Memorial Reefs Partner to Restore Ocean Habitat Through New Pet Reefs

Retrieved on: 
Tuesday, August 1, 2023

SARASOTA, Fla., Aug. 1, 2023 /PRNewswire/ -- Gateway Services Inc. and Pet Reefs by Memorial Reefs International LLC have entered into a 5-year agreement to build the world's largest artificial coral reefs dedicated solely to pets.

Key Points: 
  • SARASOTA, Fla., Aug. 1, 2023 /PRNewswire/ -- Gateway Services Inc. and Pet Reefs by Memorial Reefs International LLC have entered into a 5-year agreement to build the world's largest artificial coral reefs dedicated solely to pets.
  • Throughout this project, cremated pet remains will be built into artificial Reef Balls and respectfully laid to rest on the ocean floor.
  • Pet Reefs by Memorial Reefs International provides pet parents a unique final resting place for their companion animals that also creates and perpetuates marine reef ecosystems, essential to fish restoration and coral regeneration.
  • Pet Reefs' Undersea Memorial Gardens are located in areas where natural habitats have been weakened by climate change and human activity.

THE LOREN HOTEL GROUP BREAKS GROUND IN TURKS & CAICOS TO MAKE WAY FOR THE LOREN AT TURTLE COVE HOTEL AND RESIDENCES AS BRAND CONTINUES TO EXPAND

Retrieved on: 
Wednesday, July 12, 2023

NEW YORK, July 12, 2023 /PRNewswire/ -- The Loren Group, a hotel and residences brand with the beautification of everyday living at its core, offering accommodations and residences, impeccable service and exclusive amenities, officially broke ground on their latest venture, The Loren at Turtle Cove, continuing their international expansion in Turks & Caicos. Joining the flagship location, The Loren at Pink Beach, in Bermuda, and the award-winning The Loren at Lady Bird Lake in Austin, the third location is perfectly situated in a private cove on Grace Bay, a reflection of the brand's growing demand for residences and hotel projects with naturally inspiring surroundings.

Key Points: 
  • "The Loren Hotels and Residences brings the elements of luxury living to those seeking a seamless blend of architecture and nature.
  • The Loren at Turtle Cove is a significant next step in our brand expansion as we continue to identify and secure future project sites," said Stephen King, Founder and CEO of The Loren Hotel Group.
  • The Loren at Turtle Cove is located within a five minute drive of the Providenciales airport and steps from Smith's Reef and Babalua Beach.
  • The Loren at Turtle Cove will participate in The Loren 2%

Blackstone Announces Majority Investment in New Tradition

Retrieved on: 
Monday, June 12, 2023

Blackstone (NYSE:BX) announced today that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have acquired a majority stake in New Tradition Media (“New Tradition” or the “Company”), a leading out-of-home media operator with assets across the nation’s largest markets.

Key Points: 
  • Blackstone (NYSE:BX) announced today that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have acquired a majority stake in New Tradition Media (“New Tradition” or the “Company”), a leading out-of-home media operator with assets across the nation’s largest markets.
  • Founded in 2010, New Tradition develops, owns and operates premium digital and static signage for leading national brands and advertising agencies.
  • Moelis & Company LLC served as a financial advisor to Blackstone, and Weil, Gotshal & Manges LLP served as a legal advisor to Blackstone.
  • Solomon Partners served as a financial advisor to New Tradition, and Lowenstein Sandler LLP served as a legal advisor to New Tradition.

The Belize Barrier Reef Has Beef

Retrieved on: 
Thursday, June 8, 2023

BELIZE CITY, Belize, June 8, 2023 /PRNewswire/ -- As a bold yet playful call to action for World Oceans Day 2023, the Belize Tourism Board launched today a social media campaign "Reef With A Beef," aimed to raise awareness on ocean sustainability through humor.

Key Points: 
  • BELIZE CITY, Belize, June 8, 2023 /PRNewswire/ -- As a bold yet playful call to action for World Oceans Day 2023, the Belize Tourism Board launched today a social media campaign "Reef With A Beef," aimed to raise awareness on ocean sustainability through humor.
  • As a 10,000-year resident of the ocean, the Belize Barrier Reef is a natural spokesperson to represent the frustrations of those who see what's happening.
  • The reef will call out anything and anyone who may be harming its habitat on a global scale.
  • The Belize Barrier Reef is a UNESCO World Heritage Site and the second largest barrier reef in the world.

Reef Labs is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East

Retrieved on: 
Monday, May 15, 2023

Empowering the projects by building decentralized applications on the Reef Chain.

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - May 15, 2023) - Reef is thrilled to announce the launch of a $10 Million Accelerator Program for Web3 projects building on the Reef Chain, which are based out of the Middle East.
  • The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain.
  • The rise of blockchain/Web3 applications in the Middle East are setting the stage for remarkable technological progress and innovation.
  • Reef Labs is Launching a $10M Accelerator Program to Empower Web3 Projects in the Middle East!

Reef Announces Proposed Transaction with MW Solar Corporation

Retrieved on: 
Wednesday, May 3, 2023

Calgary, Alberta--(Newsfile Corp. - May 3, 2023) - Reef Resources Ltd. ("Reef" or the "Company") is pleased to announce that it has signed a letter of intent (the "LOI") with MW Solar Corporation ("MW Solar"), a corporation incorporated under the Business Corporations Act (British Columbia) pursuant to which Reef and MW Solar propose to combine their respective businesses (the "Transaction").

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - May 3, 2023) - Reef Resources Ltd. ("Reef" or the "Company") is pleased to announce that it has signed a letter of intent (the "LOI") with MW Solar Corporation ("MW Solar"), a corporation incorporated under the Business Corporations Act (British Columbia) pursuant to which Reef and MW Solar propose to combine their respective businesses (the "Transaction").
  • The parties intend to seek approval to list on the Canadian Securities Exchange or another recognized Canadian stock exchange (the "Exchange") immediately following the completion of the Transaction.
  • The LOI contemplates Reef and MW Solar entering into a definitive agreement with respect to the Transaction on or before September 30, 2023 or such other date as may be agreed upon by the parties, failing which the LOI will terminate.
  • Following completion of the Transaction, MW Solar will be a wholly owned subsidiary of Reef (the "Resulting Issuer") and Reef will change its business to that of MW Solar.