Strategic business unit

CUEN - Cuentas Announces Management Changes and Appoints New Financial Officer

Retrieved on: 
Thursday, October 19, 2023

MIAMI BEACH, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (Nasdaq: CUEN & CUENW), the developer of an alternative financial ecosystem for the underbanked, proudly announces significant management changes to fortify its foundation for future growth. The company’s latest move involves the appointment of Mr. Shlomo Zakai as Chief Financial Officer and Mr. Adiv Baruch as Strategic Business Officer.

Key Points: 
  • Cuentas appoints a new Chief Financial Officer and makes additional management changes in anticipation of future acquisition and impending product launch.
  • MIAMI BEACH, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (Nasdaq: CUEN & CUENW), the developer of an alternative financial ecosystem for the underbanked, proudly announces significant management changes to fortify its foundation for future growth.
  • The company’s latest move involves the appointment of Mr. Shlomo Zakai as Chief Financial Officer and Mr. Adiv Baruch as Strategic Business Officer.
  • Simultaneously, Cuentas is pleased to announce the appointment of Mr. Adiv Baruch as the Strategic Business Officer.

Society Pass Inc (Nasdaq: SOPA) Announces Plans to Spinout Two Profitable Business Units Into New Publicly-Traded Companies via Nasdaq IPOs in 2024

Retrieved on: 
Tuesday, October 10, 2023

As a result of these discussions, SoPa will pursue a spinout and initial public offering on Nasdaq in 2024 for its digital advertising ecosystem, Thoughtful Media Group Inc ("TMG"), and for its online travel platform, NusaTrip Inc ("NusaTrip").

Key Points: 
  • As a result of these discussions, SoPa will pursue a spinout and initial public offering on Nasdaq in 2024 for its digital advertising ecosystem, Thoughtful Media Group Inc ("TMG"), and for its online travel platform, NusaTrip Inc ("NusaTrip").
  • Nusatrip, a leading Indonesia-based online travel agency, offers a comprehensive range of airlines and hotels on its travel platform for corporate and retail customers across SEA.
  • Initially only focused on the Indonesian market, NusaTrip has expanded to other SEA countries to become a first-choice travel provider throughout SEA.
  • This new proposed group structure will further increase both their operational agility and ability to focus on delivering exceptional solutions to their customers."

Emerson Completes Acquisition of NI, Advancing Global Automation Leadership

Retrieved on: 
Wednesday, October 11, 2023

ST. LOUIS, Oct. 11, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today announced it has closed its acquisition of NI (Nasdaq: NATI), a leading provider of software-connected automated test and measurement systems, at an equity value of $8.2 billion.

Key Points: 
  • The acquisition of NI advances Emerson's position as a global automation leader and expands its opportunity to capitalize on key secular trends like nearshoring, digital transformation, and sustainability and decarbonization.
  • "Our acquisition of NI is a significant milestone in our efforts to transform Emerson and realize our vision of increasing growth, cohesiveness and end market diversification across Emerson's portfolio," said Emerson President and Chief Executive Officer Lal Karsanbhai.
  • NI will become a new reported segment within Emerson called Test & Measurement and will be consolidated into the Software and Control group.
  • Goldman Sachs & Co. LLC and Centerview Partners LLC served as financial advisors to Emerson and Davis Polk & Wardwell LLP served as legal advisor.

Clean Energy Appoints Mathieu Soulas to Board of Directors

Retrieved on: 
Thursday, September 21, 2023

Clean Energy Fuels Corp. (Nasdaq: CLNE ) announced today that Mathieu Soulas, Senior Vice President New Mobilities & Marketing at TotalEnergies, has been appointed to the Board of Directors effective immediately to replace Laurent Wolffsheim, who had served on the Board since October 2021.

Key Points: 
  • Clean Energy Fuels Corp. (Nasdaq: CLNE ) announced today that Mathieu Soulas, Senior Vice President New Mobilities & Marketing at TotalEnergies, has been appointed to the Board of Directors effective immediately to replace Laurent Wolffsheim, who had served on the Board since October 2021.
  • View the full release here: https://www.businesswire.com/news/home/20230921393847/en/
    “Mathieu brings a wealth of applicable experience to our conversations and decision-making process,” said Clean Energy Board of Directors Chairman Stephen Scully.
  • In his current position, he serves as Senior Vice President New Mobility and Marketing, which regroups various Business Units including Electric Vehicles, Hydrogen and Gas.
  • “It’s an honor to join the board of our good partner, Clean Energy, which is making great strides in expanding into the production of renewable natural gas, partly through the joint venture between the two companies,” said Mr. Soulas.

Perma-Pipe International Holdings, Inc. Announces its Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Friday, September 15, 2023

Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter ended July 31, 2023.

Key Points: 
  • Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the second quarter ended July 31, 2023.
  • “Revenues for the second quarter were $35.1 million, a decrease of $1.9 million versus the same quarter last year.
  • The resulting income from operations of $2.7 million was below the $3.3 million earned in the same quarter of 2022.
  • Net sales were $35.1 million and $37.0 million in the three months ended July 31, 2023 and 2022, respectively.

FUJIFILM Diosynth Biotechnologies Announces New Strategic, Customer-Focused Business Structure

Retrieved on: 
Thursday, August 24, 2023

“We are confident this new structure will help to advance our customers’ goals while also creating new, exciting opportunities for growth,” said Toshi Iida, corporate vice president of FUJIFILM Corporation and chairman of FUJIFILM Diosynth Biotechnologies.

Key Points: 
  • “We are confident this new structure will help to advance our customers’ goals while also creating new, exciting opportunities for growth,” said Toshi Iida, corporate vice president of FUJIFILM Corporation and chairman of FUJIFILM Diosynth Biotechnologies.
  • Bilenberg joined FUJIFILM Diosynth Biotechnologies in 2019 as site head for the company’s expansion project in Holly Springs.
  • Prior to joining FUJIFILM Diosynth Biotechnologies, Madsen worked at Novo Nordisk for more than 15 years in various leadership roles, most recently as global project director.
  • Kingsbury will join FUJIFILM Diosynth Biotechnologies effective September 4, 2023.

Sword Group: Results for the Second Quarter of 2023

Retrieved on: 
Thursday, July 20, 2023

AAA, a Group subsidiary in Scotland, specialised in recrutment, was deconsolidated from the operating account on 1 June 2023 to enable Sword to focus on its long term core businesses.

Key Points: 
  • AAA, a Group subsidiary in Scotland, specialised in recrutment, was deconsolidated from the operating account on 1 June 2023 to enable Sword to focus on its long term core businesses.
  • Consolidated revenue for the 2nd quarter comes to €74.1m.
  • As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.
  • Sword optimises your processes and enhances your data.

Bionomics Announces Key Leadership Updates to Drive U.S.-Focused Transformation and Next Stage of Strategic Growth

Retrieved on: 
Monday, July 3, 2023

Mr. Fisher succeeds Errol De Souza, Ph.D., who remains on the Board as a Non-Executive Director.

Key Points: 
  • Mr. Fisher succeeds Errol De Souza, Ph.D., who remains on the Board as a Non-Executive Director.
  • Mr. Fisher commented, “On behalf of the Board, I would like to express my excitement for Bionomics’ prospects and confidence in the team being assembled.
  • “Collectively, Tim, Julie, and Atul bring over 50+ years of experience in the biopharma sector, and diverse expertise in developing and commercializing drug products.
  • His main areas of expertise include mergers and acquisitions, public and private equity raisings, business restructurings and strategic advice.

Long-Term Board of Director Announces Retirement and New Member Welcomed to the Board

Retrieved on: 
Friday, June 30, 2023

This transition marks an important milestone in the Company's leadership and governance, reflecting its commitment to sustained excellence.

Key Points: 
  • This transition marks an important milestone in the Company's leadership and governance, reflecting its commitment to sustained excellence.
  • Attorney Joseph G. Murphy, a highly respected and influential member of the board, has made the decision to retire for personal reasons, after serving over seventeen years as a Director of the Company and the Bank.
  • Reflecting on his time at PyraMax Bank, Director Murphy expressed gratitude for the opportunity to serve on the board.
  • In light of this transition, the Board of Directors announces the appointment of Kristina Hill as the newest member of the boards of directors of the Company and the Bank.

NETSOL Technologies Reports Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

Total net revenues for the third quarter of fiscal 2023 were $13.5 million, compared with $14.8 million in the prior year period.

Key Points: 
  • Total net revenues for the third quarter of fiscal 2023 were $13.5 million, compared with $14.8 million in the prior year period.
  • Gross profit for the third quarter of fiscal 2023 decreased to $4.7 million (or 34.8% of net revenues), compared to $5.8 million (or 39.4% of net revenues) in the third quarter of fiscal 2022.
  • Operating expenses for the third quarter of fiscal 2023 were $5.6 million (or 41.7% of sales) compared to $6.4 million (or 43.0% of sales) for the third quarter of fiscal 2022.
  • On a constant currency basis, GAAP net income attributable to NETSOL for the third quarter of fiscal 2023 totaled $1.2 million or $0.11 per diluted share.