Lanco Infratech

Tim Ha of VIRNECT Honored for Driving Korean Digital Transformation

Retrieved on: 
Wednesday, February 15, 2023
Ministry of Science and ICT, KAIST, Lanco Infratech, Progress, Country, G20, Infrastructure, Work, XR, Research, Ministry, Country Progressive Party (Victoria), Knowledge management, Information technology, ICT, Advanced Innovation Design Approach, Cryptocurrency, Science

SEOUL, South Korea, Feb. 15, 2023 /PRNewswire/ -- Tim Ha, CEO of VIRNECT, a leading provider of extended reality (XR) technology solutions, has been recognized by the Ministry of Science and ICT for his contributions to Korea's digital transformation. On January 19, the Ministry commended Ha for finding innovative ways to integrate information technology into businesses and for his role in helping Korean companies expand globally through digital innovation.

Key Points: 
  • VIRNECT CEO Tim Ha Honored for Driving Korean Digital Transformation.
  • Ministry of Science and ICT Recognizes Contributions to the Country's Progress
    SEOUL, South Korea, Feb. 15, 2023 /PRNewswire/ -- Tim Ha, CEO of VIRNECT, a leading provider of extended reality (XR) technology solutions, has been recognized by the Ministry of Science and ICT for his contributions to Korea's digital transformation.
  • On January 19, the Ministry commended Ha for finding innovative ways to integrate information technology into businesses and for his role in helping Korean companies expand globally through digital innovation.
  • Ha, who founded VIRNECT in 2016 after serving as a research professor at KAIST UVR Lab, South Korea's first augmented reality laboratory has been researching XR technologies for over a decade.

Connectbase Raises $21 Million in Series C Funding

Retrieved on: 
Wednesday, October 12, 2022
Cloud, LinkedIn, Trust, Growth, NYSE, 100 Best Workplaces in Europe, Industry, Multimedia, Endgame, Inc., Lanco Infratech, Automation, The Connect World Tour (2018), Ecosystem, Connectivity, Connected, Mobile phone, Cryptocurrency, Online shopping

BOSTON, Oct. 12, 2022 /PRNewswire/ -- Connectivity marketplace platform Connectbase today announced that it has raised $21 million in its Series C funding round, led by DigitalBridge Ventures, the InfraTech initiative of DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge"). Connectbase secured the new equity investment to drive growth of its platform, fueled by the increasing global appetite for bandwidth. All existing Connectbase investors participated in the funding round, including Ascent Venture Partners, Harbert Growth Partners, Nauta Capital and Osage Venture Partners.

Key Points: 
  • Funding to enhance platform capabilities, fuel global digital services expansion and build out go-to-market capabilities
    BOSTON, Oct. 12, 2022 /PRNewswire/ -- Connectivity marketplace platform Connectbase today announced that it has raised $21 million in its Series C funding round, led by DigitalBridge Ventures, the InfraTech initiative of DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge").
  • Connectbase secured the new equity investment to drive growth of its platform, fueled by the increasing global appetite for bandwidth.
  • All existing Connectbase investors participated in the funding round, including Ascent Venture Partners, Harbert Growth Partners, Nauta Capital and Osage Venture Partners.
  • Connectbase digitizes and transforms the experience to enable buyers to directly connect to their ecosystem of service providers at scale.

Seventh Belt and Road Summit draws to successful close

Retrieved on: 
Friday, September 2, 2022
CEO, Technology, Research, Carbon, Public affairs, Natural Resources, Bank, Twitter, Belt and Road Initiative, CICC, GDP, Government, CLMV, China International Capital Corporation, HKSAR, History, Economic development, Partnership, Regional Comprehensive Economic Partnership, Industry, BRI, Hong Kong Trade Development Council, SME, JPMorgan Chase, Innovation, LinkedIn, Bank of China, Quality of life, Investment, Emaar Properties, Lanco Infratech, Infrastructure Partnerships Australia, Business, Transport, RCEP, Belt, Communication, HKTDC, Lion, HE, Knowledge, GBA, Life, Tutoring, Management, Drug, Renewable energy

The seventh Belt and Road Summit, which ran under the theme "Heralding a New Chapter: Collaborate and Innovate", attracted more than 80 government and business leaders to share their insights.

Key Points: 
  • The seventh Belt and Road Summit, which ran under the theme "Heralding a New Chapter: Collaborate and Innovate", attracted more than 80 government and business leaders to share their insights.
  • The business matching and project pitching sessions at the summit remained popular among project owners and attendees.
  • Combined with the joint effort of more than 180 countries connected through the Belt and Road Initiative, it will further strengthen regional economic integration around the world.
  • The seventh Belt and Road Summit was made possible by its Strategic Partner, China International Capital Corporation (CICC); Regional Banking Partner, Bank of China (Hong Kong); and Platinum Sponsors, China Mobile International and China Unicom.

Mi-Jack® Continues Global Expansion with Acquisition of German Company Yardeye GmbH

Retrieved on: 
Wednesday, June 1, 2022
Software, Architecture, Hardware, Fleet Management, Technology, Automotive, Construction & Property, Trucking, Rail, Maritime, Transport, Other Technology, Logistics, Supply Chain Management, Newton, Collision avoidance system, CAS, Â, VP, RTLS, RTG, Corporation, Lanco Infratech, Company, Accounting, Real-time locating system, Solution, Multimedia, Real-time, ISO, Technology, Acquisition, Radar, Industry, RFID, GPS, GNSS, Automation, Tunnel, Warehouse

View the full release here: https://www.businesswire.com/news/home/20220601005458/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220601005458/en/
    Mi-Jack Products acquires Yardeye GmbH.
  • Executives from both companies stand in front of the Mi-Jack/Lanco world headquarters in Homewood, IL on May 31st, 2022.
  • Christian Augustin, Founder of Yardeye and managing director of indurad said, The team has been growing Yardeye since 2017 from a concept to a company with a global impact serving the intermodal and container handling industry.
  • Yardeye GmbH ( www.yardeye.com ) operates internationally with a focus on port automation and work zone protection in container terminals.

I Squared Capital Appoints a New Fund Partner and a New Senior Policy Advisor

Retrieved on: 
Wednesday, April 13, 2022
Other Transport, Technology, Finance, Transport, Utilities, Telecommunications, Professional Services, Alternative Energy, Energy, Board, Waste management, CEO, Financial plan, RTR, Lanco Infratech, Merrill (company), Punjab Board of Investment and Trade, Bank of America, Growth, Credit, I Squared Capital, Delhi Sikh Gurdwara Management Committee, Investment, Wind, Acquisition, Â, Renewable energy, Energia, Viridian

The Management Committee of I Squared Capital is pleased to announce that two dynamic industry veterans are joining our global team.

Key Points: 
  • The Management Committee of I Squared Capital is pleased to announce that two dynamic industry veterans are joining our global team.
  • Damian Darragh is joining as a Fund Partner for the ISQ Global Infrastructure Equity Funds covering renewables and the energy transition in the U.S. and Europe, bringing the total number of I Squared Capital partners to twelve.
  • Tito Vidaurri is joining as a Senior Policy Advisor focusing on Mexican investment opportunities, as well as Latin America more broadly.
  • Sadek Wahba, Chairman and Managing Partner of I Squared Capital said, This is an exciting time in the history of I Squared Capital as our platform and team continue to expand.

I Squared Capital Names Three New Partners

Retrieved on: 
Monday, April 11, 2022
Other Transport, Technology, Finance, Transport, Utilities, Telecommunications, Professional Services, Alternative Energy, Energy, I Squared Capital, Delhi Sikh Gurdwara Management Committee, Growth, Lanco Infratech, Capital, Â, Credit, Construction

The Management Committee of I Squared Capital is pleased to announce the appointment of Andreas Moon as Partner, Chenhua Shen as Fund Partner, and Enrico Del Prete as Fund Partner, bringing the total number of partners at I Squared Capital to eleven.

Key Points: 
  • The Management Committee of I Squared Capital is pleased to announce the appointment of Andreas Moon as Partner, Chenhua Shen as Fund Partner, and Enrico Del Prete as Fund Partner, bringing the total number of partners at I Squared Capital to eleven.
  • In our tenth anniversary year, I am so proud to be part of this extraordinary group whose combined talents have contributed so much to the success of the firm, said Sadek Wahba, Chairman and Managing Partner of I Squared Capital.
  • Our new partners have helped build I Squared Capital into a vibrant global platform with over $34 billion of assets under management and a diverse portfolio of infrastructure assets around the world.
  • I Squared Capital is an independent global infrastructure investment manager focusing on utilities, digital infrastructure, energy, transport and social infrastructure in North America, Europe, Latin America, and Asia.

5x5 Technologies Names Former Google Executive Erich Nachbar New Head of AI

Retrieved on: 
Wednesday, January 26, 2022
Storm, Intelligence, CTO, Lead, Doctor of Philosophy, MAK Technologies, Inc., SoftBank Group, X Development, Technology, Silicon, Apache Spark, Industry, Head, Scala, Alphabet Inc., Boštjan Nachbar, Lanco Infratech, Government, Carrier IQ, AI, Telecommunication, Yahoo!, Lumen Technologies, GLOBE, CEO, 3D printing, Management, Google, Apache Hadoop

ST. PETERSBURG, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- 5x5 Technologies Inc. today announced the appointment of Erich Nachbar to lead the company's artificial intelligence group.

Key Points: 
  • ST. PETERSBURG, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- 5x5 Technologies Inc. today announced the appointment of Erich Nachbar to lead the company's artificial intelligence group.
  • As Head of AI, he will advance 5x5's leading applications of artificial intelligence for industrial infrastructure analysis, workflow automation and digital transformation.
  • Nachbar is an accomplished executive, having held multiple technology leadership positions over 20+ years in professional life spanning work in the telecommunications and energy sectors.
  • X is the Alphabet Inc. division charged with creating "radical new technologies to solve some of the world's hardest problems."

Rio Tinto invests in InoBat

Retrieved on: 
Tuesday, November 16, 2021
Alternative Vehicles, Fuels, Technology, Automotive, Finance, General Automotive, Other Energy, Other Technology, Professional Services, Other Automotive, Energy, Human Resource Management Service of the Government of Serbia, Ecosystem, Lithium, Rio, Tinto, Technology, Research, Intention, Lanco Infratech, Government, Partnership, Australian Securities Exchange, IPM, Solution, Original equipment manufacturer, Rio Tinto, ASX, Competence, Iron ore

Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a European-based battery technology and manufacturing company.

Key Points: 
  • Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a European-based battery technology and manufacturing company.
  • Rio Tintos $2.4 billion Jadar lithium-borates project in Serbia is one of the largest greenfield lithium projects in development.
  • Marian Bocek, Chief executive officer of InoBat Auto said InoBat is thrilled to further partner with Rio Tinto.
  • Side-by-side with Rio Tinto, we are looking forward to further developing our manufacturing capacities and working closely on the downstream development of a battery ecosystem with common decarbonisation efforts at its core.

Thunderhead included in Lazard Venture Growth Index (T100)

Retrieved on: 
Tuesday, August 10, 2021
City, Software as a service, Industry, CEO, Lanco Infratech, Trust, Financial technology, Technology, Central, T100, Latin America, Omnichannel, Customer, Thunder, Real-time, Lazard, Movement, Software, CX, Forrester, Growth, Entertainment, Tourism

LONDON, Aug. 10, 2021 /PRNewswire/ -- Thunderhead, the global leader in enterprise-lead engagement and customer journey orchestration, has been included in the Lazard T100 Venture Growth Index (T100).

Key Points: 
  • LONDON, Aug. 10, 2021 /PRNewswire/ --Thunderhead, the global leader in enterprise-lead engagement and customer journey orchestration, has been included in the Lazard T100 Venture Growth Index (T100).
  • Created by the recently formed Lazard Venture and Growth Banking team, the Index categorises companies by growth stage across six sectors: Consumer, DeepTech, FinTech, Healthcare, InfraTech and Software-as-a-Service (SaaS).
  • Thunderhead is included in the Growth and SaaS categories of the Index.
  • "It's a great compliment to be included in this prestigious group of game-changing companies," commented Glen Manchester, CEO and founder, Thunderhead.

Renavotio Announces Record First Half 2021 Results

Retrieved on: 
Monday, August 9, 2021
GPS, FCC, Water, PPE, GLOBE, Personal protective equipment, PPP, The First Half of My Life, SBA, Forward-looking statement, Lanco Infratech, Natural gas, Industry, Acquisition, Government, UMC, Engineering, Telecommunication, Maintenance (technical), News, IOT, Forgiveness, Electricity, Utility, Personal, Securities Act of 1933, Intention, CARES Act, OTCQB, Provisions of the Affordable Care Act, Rural areas in the United States, An Act to exempt a particular class of securities from the Securities and Exchange Act, Security (finance), Goal, Energy Independence and Security Act of 2007, OK, Company, Animal, Financial adviser, Risk management, Online shopping

Financial Results for the First Half Ended June 30, 2021:

Key Points: 
  • Financial Results for the First Half Ended June 30, 2021:
    Revenue for the first half ended June 30, 2021, was $2.6 million, compared to nil for the first half ended June 30, 2020, which is incomparable because of the Infratech and Utility Management acquisitions in the second half of 2020.
  • Gross profit for the first half ended June 30, 2021, was $0.76 million, compared to nil for the first half ended June 30, 2020.
  • Depreciation expense was $0.2 million for the first half ended June 30, 2021 on the assets acquired as part of the UMC acquisition during the second half of 2020.
  • Net loss for the first half ended June 30, 2021, was $0.5 million, an increase of $0.2 million, compared to $0.3 million for the first half ended June 30, 2020.