Memorandum

Leading Industrial Instrumentation, Controls Automation, and Electrical (ICE) provider Selects Revenue Rocket to facilitate a business combination

Retrieved on: 
Thursday, September 7, 2023

Project Dragon offers a fully integrated lifecycle of offerings across Engineering, Construction, and Field Services in industrial instrumentation, control automation, and electrical disciplines.

Key Points: 
  • Project Dragon offers a fully integrated lifecycle of offerings across Engineering, Construction, and Field Services in industrial instrumentation, control automation, and electrical disciplines.
  • Industrial controls engineering services include engineering of automation and control systems with expertise in Operational Technology, Industrial Internet of Things, instrumentation design, electrical design, and functional safety.
  • Field services include multi-discipline commissioning, regulatory inspections, facility turnarounds, and long-term maintenance of instrumentation, electrical and mechanical systems.
  • The parties are executing against Revenue Rocket's processes and anticipate indications of interest and potential letters of intent in September 2023.

Canadian Nuclear Laboratories and Kyoto Fusioneering Form Strategic Alliance to Advance Critical Path Fusion Energy Technology

Retrieved on: 
Wednesday, September 6, 2023

CHALK RIVER, Ontario, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, and Kyoto Fusioneering Ltd. (KF), a leader in fusion power plant technology development, are pleased to announce a Strategic Alliance Agreement (SAA).

Key Points: 
  • CHALK RIVER, Ontario, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, and Kyoto Fusioneering Ltd. (KF), a leader in fusion power plant technology development, are pleased to announce a Strategic Alliance Agreement (SAA).
  • With a large majority of the world’s fusion power plant designs using tritium, demand for tritium handling and tritium-compatible technology is rapidly growing.
  • Support Fusion Developers in Design and Development of Pilot Plants: Proving comprehensive design, consulting, engineering, testing and technology to meet the needs of public and private fusion energy development programs globally.
  • Our partnership with CNL merges KF's fusion technology with CNL's tritium management expertise, positioning us to tackle some of commercial fusion power's most critical challenges."

GENAI ANNOUNCES MOU TO SELL 85 MILLION AI COMPUTE HOURS OVER THE NEXT FIVE YEARS

Retrieved on: 
Friday, August 25, 2023

In consideration for Services, the Customer agreed to pay MAI Cloud a fee of approximately $70,000 per month ("Revenue").

Key Points: 
  • In consideration for Services, the Customer agreed to pay MAI Cloud a fee of approximately $70,000 per month ("Revenue").
  • If the terms of the Supply Agreement are completed for the full term, it is anticipated that MAI Cloud will receive an aggregate of approximately $6 million in Revenue at a gross margin of approximately $3.5 million.
  • Approximately $850,000 in Revenue will be paid in the first 12 months of the term at a gross margin of approximately $500,000.
  • The term of the Proposed Agreement is expected to be five years, extendable for an additional two years, from its execution, which is expected to occur in the next 30 days.

Qraft Technologies and Hex Trust Announce Strategic Partnership to Apply AI-Powered Risk Models in Digital Asset Investments

Retrieved on: 
Wednesday, August 16, 2023

Qraft Technologies , a leading invest-tech company specializing in artificial intelligence investing solutions, has formally entered into a strategic partnership with Hex Trust, the leading institutional-grade digital asset custodian licensed across global financial hubs.

Key Points: 
  • Qraft Technologies , a leading invest-tech company specializing in artificial intelligence investing solutions, has formally entered into a strategic partnership with Hex Trust, the leading institutional-grade digital asset custodian licensed across global financial hubs.
  • With the signing of the Memorandum of Understanding (“MoU”), Qraft will develop digital asset products based on its AI-driven asset allocation models for Hex Trust's clients.
  • "We are thrilled to team with Hex Trust and combine our respective strengths to generate a groundbreaking investment solution," said Francis Oh, APAC CEO at Qraft Technologies.
  • The enhanced risk management solutions specifically designed for Hex Trust are built upon Qraft’s successful cash allocation AI-powered risk model.

Parks Canada and the United States National Park Service sign a renewed Memorandum of Understanding and commit to a continued collaborative relationship

Retrieved on: 
Wednesday, August 9, 2023

Collaboration between Parks Canada and the United States National Park Service dates back over a hundred years to when the two organizations were established, in 1911 and 1916 respectively.

Key Points: 
  • Collaboration between Parks Canada and the United States National Park Service dates back over a hundred years to when the two organizations were established, in 1911 and 1916 respectively.
  • Today's signing renews the cooperative relationship between Canada and the United States as leaders in the conservation and presentation of cultural and natural heritage.
  • By signing this agreement, Parks Canada and the National Park Service are renewing our shared commitment to working together towards common goals."
  • President & Chief Executive Officer, Parks Canada
    "Parks Canada is the National Park Service's oldest international partner.

Venom Foundation Partners with the UAE Government to Launch National Carbon Credit System

Retrieved on: 
Wednesday, August 9, 2023

ABU DHABI, UAE, 09 August, 2023 – Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System.

Key Points: 
  • ABU DHABI, UAE, 09 August, 2023 – Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System.
  • This landmark partnership represents a significant step towards leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale.
  • Peter Knez, Chair of the Foundation Council at Venom Foundation, commented, "We are honored and excited to join hands with the UAE Government to build the National Carbon Credit System.
  • As the MOU between Venom and the UAE Government comes into effect, both entities eagerly anticipate the successful launch and implementation of the National Carbon Credit System.

Occidental and ADNOC to Evaluate Carbon Management Projects in the United States and United Arab Emirates to Accelerate Net Zero Goals

Retrieved on: 
Tuesday, August 1, 2023

Under the terms of the Memorandum of Understanding (MOU), ADNOC may evaluate participation in DAC plants and CO2 sequestration hubs under development in the United States by Occidental subsidiary, 1PointFive.

Key Points: 
  • Under the terms of the Memorandum of Understanding (MOU), ADNOC may evaluate participation in DAC plants and CO2 sequestration hubs under development in the United States by Occidental subsidiary, 1PointFive.
  • Through the collaboration, the companies will also consider opportunities to incorporate innovative CO2-based technologies into the UAE.
  • This includes technologies in which Occidental has made investments, such as emissions-free power and sustainable fuels.
  • “ADNOC’s is a pioneer in carbon management, exemplified by our industry leading low-carbon intensity and our operation of Al Reyadah, the region’s first commercial scale carbon capture facility.

USBC National Conference Soars with Frederick Haynes III, Mayor Bowser, Rev. Sharpton, Derrick Johnson, Baiju Bhatt, Rep. Horsford & Surprise Visit from President Biden

Retrieved on: 
Friday, July 28, 2023

WASHINGTON, July 28, 2023 /PRNewswire-PRWeb/ -- The 2023 U.S. Black Chambers, Inc. (USBC) National Conference, held from July 19th to 21st at the prestigious Waldorf Astoria in Washington, D.C., concluded with resounding success, gathering over 600 entrepreneurial enthusiasts from across the nation. The event was an unprecedented celebration of Black entrepreneurship, leadership, advocacy, and economic empowerment.

Key Points: 
  • During the event, Ron Busby, Sr. joined the stage with National Action Network President & Founder Rev.
  • Thursday, July 20th, was marked by a captivating keynote address from the newly appointed President of Rainbow PUSH Coalition, Reverend Dr. Frederick Haynes III.
  • During the USBC 2023 National Conference, outstanding individuals and organizations were recognized for their exceptional contributions to the Black business community.
  • The 2023 USBC National Conference embodied empowerment and unity, creating a platform for networking, knowledge exchange, and collaboration among attendees.

FiscalNote Announces Partnership With Korea’s Ministry of Foreign Affairs to Provide AI-Powered Policy and Data Intelligence, Legislative and Regulatory Monitoring, and Global Issues Management

Retrieved on: 
Thursday, July 20, 2023

In December 2022, FiscalNote entered into a similar agreement with Korea’s National Assembly — also the first of its kind between the institution and a commercial provider of legal, policy, and regulatory information.

Key Points: 
  • In December 2022, FiscalNote entered into a similar agreement with Korea’s National Assembly — also the first of its kind between the institution and a commercial provider of legal, policy, and regulatory information.
  • “Since we entered into a similar agreement with Korea’s National Assembly, the challenges of managing policy and regulatory risk, compliance, and tracking have only accelerated.
  • In this regard, the signing of an agreement with FiscalNote, which integrates artificial intelligence into legal analysis, is significant.
  • Through this opportunity, FiscalNote's expertise in legislative analysis and the Ministry of Foreign Affairs' work experience and know-how will create synergy.

NIKOLA AND FORTESCUE FUTURE INDUSTRIES COMMIT TO CREATING AMERICAN GREEN ENERGY JOBS WITH ACQUISITION OF NIKOLA'S PHOENIX HYDROGEN HUB

Retrieved on: 
Thursday, July 20, 2023

This agreement is fully aligned with Nikola's capital efficient energy strategy to collaborate with partners interested in the hydrogen energy ecosystem that Nikola is pioneering.

Key Points: 
  • This agreement is fully aligned with Nikola's capital efficient energy strategy to collaborate with partners interested in the hydrogen energy ecosystem that Nikola is pioneering.
  • The PHH is a fast-to-market, green hydrogen project located near Phoenix, in the city of Buckeye, Ariz., and is expected to be built in phases to scale alongside demand.
  • We are committed to helping turn North America into a world-leading global green energy producer," said FFI CEO, Mark Hutchinson.
  • FFI and Nikola are working towards a hydrogen supply agreement to support Nikola's hydrogen fuel cell electric vehicle demand.