GBT

Guerbet: Change in Guerbet’s Board of Directors.

Retrieved on: 
Wednesday, April 10, 2024

Guerbet: Change in Guerbet’s Board of Directors.

Key Points: 
  • Guerbet: Change in Guerbet’s Board of Directors.
  • Hugues Lecat’s appointment as a director will be submitted for approval at the next Shareholders’ Meeting.
  • The management experience acquired by Hugues in large companies in the pharmaceutical sector will help guide the Group in achieving further success.
  • Hugues was also a member of the Board of Directors of NOVASEP on behalf of BPI between 2012 and 2017.

Bannix and GBT Partner to Bring Revolutionary Imaging Tech "VisionWave" to Market

Retrieved on: 
Thursday, March 28, 2024

WEST HOLLYWOOD, Calif., March 28, 2024 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix” or the “Company”) together with GBT Technologies, Inc. (“GBT”), announced today that the Company and VisionWave Technologies Inc., which is partially owned by GBT ("VisionWave") have executed a binding Business Combination Agreement (“BCA”) with the goal of bringing a groundbreaking imaging technology called "VisionWave” to market. This technology platform, backed by a portfolio of patents, leverages the power of radio waves and machine learning to create a new frontier in computer vision.

Key Points: 
  • VisionWave has promise to revolutionize imaging and detection, particularly in military/combat and geological survey applications.
  • While the path to commercialization requires additional research, development, and strategic partnerships for successful market introduction, both Bannix and VisionWave are confident in the transformative potential of VisionWave.
  • This innovative technology has the potential to redefine imaging and detection across various industries, from military applications to security and medical diagnostics.
  • There is no guarantee that Bannix or Tokenize will overcome these hurdles.

Bannix and GBT Partner to Bring Revolutionary Imaging Tech "VisionWave" to Market

Retrieved on: 
Thursday, March 28, 2024

VisionWave has promise to revolutionize imaging and detection, particularly in military/combat and geological survey applications.

Key Points: 
  • VisionWave has promise to revolutionize imaging and detection, particularly in military/combat and geological survey applications.
  • While the path to commercialization requires additional research, development, and strategic partnerships for successful market introduction, both Bannix and VisionWave are confident in the transformative potential of VisionWave.
  • This innovative technology has the potential to redefine imaging and detection across various industries, from military applications to security and medical diagnostics.
  • There is no guarantee that Bannix or Tokenize will overcome these hurdles.

Amex GBT to Acquire CWT

Retrieved on: 
Monday, March 25, 2024

Based on CWT estimated 2024 revenue of approximately $850 million, Amex GBT acquiring CWT for 0.7x revenue multiple.

Key Points: 
  • Based on CWT estimated 2024 revenue of approximately $850 million, Amex GBT acquiring CWT for 0.7x revenue multiple.
  • Strong balance sheet and leverage profile: Amex GBT maintains a strong balance sheet and post-deal leverage stays within Amex GBT’s target range of 1.5x–2.5x.
  • Amex GBT acquiring CWT for pre-synergy multiple of 7.6x and post-synergy multiple of 2.5x Adjusted EBITDA, based on CWT estimated 2024 Adjusted EBITDA of $70 million –$80 million and $155 million identified synergies.
  • Amex GBT acquiring CWT for 0.7x revenue multiple, based on CWT estimated 2024 revenue of approximately $850 million.

Guerbet strengthens its Executive Committee with two new appointments to consolidate its medium and long-term ambitions.

Retrieved on: 
Wednesday, March 13, 2024

Guerbet strengthens its Executive Committee with two new appointments to consolidate its medium and long-term ambitions.

Key Points: 
  • Guerbet strengthens its Executive Committee with two new appointments to consolidate its medium and long-term ambitions.
  • Villepinte, 11 march 2024: Guerbet (FR0000032526 GBT), a global specialist in contrast agents and solutions for medical imaging, announces the strengthening of its management team with two appointments.
  • Christine Allard and Eva Ohlsson have joined the Group as senior Vice-President Public Affairs and Corporate Communications, and Senior Vice President Human Resources respectively.
  • Reporting directly to David Hale, Chief Executive Officer, they will both become members of Guerbet’s Executive Committee.

American Express and American Express Global Business Travel Launch New Integration to Help Streamline Spend Management for Small Businesses

Retrieved on: 
Monday, March 4, 2024

American Express (NYSE:AXP), American Express Global Business Travel (NYSE: GBTG):

Key Points: 
  • American Express (NYSE:AXP), American Express Global Business Travel (NYSE: GBTG):
    This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240304014854/en/
    American Express, a leader in global business payments, and American Express Global Business Travel (Amex GBT)1, a leader in B2B software and services for travel and expense, announce a new integration to help small and mid-sized businesses manage their spend and expenses.
  • Once enrolled, Card Members can simply add eligible American Express® Business or Corporate Card accounts into the platform2.
  • American Express and Amex GBT on-the-record:
    “American Express and Amex GBT are coming together to help improve spend management for small businesses.

Middleby Acquires GBT GmbH Bakery Technology

Retrieved on: 
Wednesday, February 7, 2024

The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT).

Key Points: 
  • The Middleby Corporation (NASDAQ: MIDD) today announced the acquisition of GBT GmbH Bakery Technology (GBT).
  • “GBT customizable equipment highly complements our existing bakery brands and allows us to strengthen our European presence in large scale baking,” said Tim FitzGerald, CEO of Middleby.
  • “The company brings German engineering capabilities and a broad knowledge of full line bakery solution integration to Middleby.
  • The systems, products and services offered by GMT will enhance the capabilities of Middleby Bakery full line solutions.

The effect of new housing supply in structural models: a forecasting performance evaluation

Retrieved on: 
Sunday, February 4, 2024
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Key Points: 

    GBT Intellectual Properties Portfolio Update

    Retrieved on: 
    Thursday, January 18, 2024

    Tokenize granted patent for predictive technology for designing and manufacturing three-dimensional, multi-planar semiconductors patent

    Key Points: 
    • Tokenize granted patent for predictive technology for designing and manufacturing three-dimensional, multi-planar semiconductors patent
      Tokenize granted patent for Photonic-based, 3D, multi-planar design architecture and manufacturing technologies for integrated circuits
      LOS ANGELES, Jan. 18, 2024 (GLOBE NEWSWIRE) -- GBT Technologies Inc. ( OTC PINK: GTCH ) ("GBT” or the “Company”), through its 50% subsidiary, GBT Tokenize Corp (“Tokenize”), is pleased to provide an update on its intellectual properties porfolio:
      Tokenize has filed a continuation patent for its microchip reliability verification and auto-correction technology, which has been assigned an internal name: Epsilon.
    • The continuation patent aims to broaden the technology's Artificial Technology (AI) capabilities to detect and auto-correct more complex reliability violations.
    • This will allow IC designers to analyze and fix circuits early during the design phase, with higher efficiency and in real time.
    • There is no guarantee that the Company or Tokenize will be successful in researching, developing or implementing the above systems.

    Amex GBT Receives Credit Rating Upgrade; S&P Global Ratings Upgrades the Company to B+

    Retrieved on: 
    Tuesday, December 12, 2023

    American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that it has received an upgrade from S&P Global Ratings (“S&P”) to its issuer credit rating to ‘B+’ from ‘B-‘ on rapid deleveraging and positive cash flows with a stable outlook.

    Key Points: 
    • American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced that it has received an upgrade from S&P Global Ratings (“S&P”) to its issuer credit rating to ‘B+’ from ‘B-‘ on rapid deleveraging and positive cash flows with a stable outlook.
    • At the same time, S&P raised its issue-level ratings by two notches in conjunction with the upgrade.
    • The upgrade reflects S&P’s view that market share gains and operating leverage will continue to support good operating performance and points to “continued underlying strength in business travel, strong momentum within the small to midsize enterprise (SME) segment (specifically from the unmanaged category), higher growth in Asia-Pacific, strength in hotel and air transactions, and continued share gains across both global multinational and SMEs.”
      Karen Williams, CFO of Amex GBT, stated: “We are pleased with the credit rating upgrade, which is a critical proof point that reflects our momentum and focus on the balance sheet.
    • The upgrade is further recognition of our commitments to 1) achieving outstanding financial results by growing revenue, growing Adjusted EBITDA and increasing Free Cash Flow, 2) continued margin improvement and 3) creating capacity to invest and drive long-term sustained growth.”