German

Spark Networks to Advance Transformational Journey on Stronger Financial Foundation

Retrieved on: 
Friday, January 5, 2024

The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.

Key Points: 
  • The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.
  • With the German Court’s approval, Spark will move forward with implementation of the Restructuring Plan, which, upon completion, will result in MGG Investment Group LP (“MGG”) becoming Spark’s sole equity owner.
  • “This milestone marks an important step as we prepare to begin a new era for Spark Networks.
  • “With our enhanced capital structure and MGG’s support, we look forward to continuing our transformation as we move into the future as a financially stronger company,” said Kristie Goodgion, Spark’s Chief Financial Officer.

EQS-News: GRENKE Corporate Governance scores top position in SDAX

Retrieved on: 
Saturday, December 30, 2023

Compared to the previous year, GRENKE improved significantly by 3.94 percentage points (2022: 3rd place SDAX, 74.13 %).

Key Points: 
  • Compared to the previous year, GRENKE improved significantly by 3.94 percentage points (2022: 3rd place SDAX, 74.13 %).
  • The DVFA Scorecard annually evaluates the quality of corporate governance of companies listed in the German DAX, MDAX and SDAX.
  • “We are proud, to have achieved a top position in the SDAX for our corporate governance again”, states Dr. Sebastian Hirsch, CEO of GRENKE AG.
  • “A strong corporate governance is the foundation for trust in the capital market and is of high importance to us.

EQS-News: NET DIGITAL AG has presented AI-supported control for smart traffic light systems at the Smart City Expo World Congress - first practical tests scheduled

Retrieved on: 
Saturday, December 30, 2023

Düsseldorf, 10 November 2023 – net digital AG (ISIN: DE000A2BPK34, ticker symbol: VRL) presented its innovative control for traffic lights based on artificial intelligence (AI) to a wide audience of experts for the first time at the Smart City World in Barcelona.

Key Points: 
  • Düsseldorf, 10 November 2023 – net digital AG (ISIN: DE000A2BPK34, ticker symbol: VRL) presented its innovative control for traffic lights based on artificial intelligence (AI) to a wide audience of experts for the first time at the Smart City World in Barcelona.
  • In addition, net digital will soon begin a practical test of a traffic light system in southern Germany following a successful learning phase for the artificial intelligence of the control.
  • Theodor Niehues, CEO of net digital AG: "We see the AI-based control for intelligent traffic lights as an opportunity for net digital to enter the billion-euro market for traffic sensor technology.
  • The very positive response at the Smart City Expo World Congress confirms our confidence.

Alpha Lithium Shareholders Approve the Privatization of Alpha Lithium by Tecpetrol

Retrieved on: 
Friday, December 15, 2023

VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha”) is pleased to announce that, at the special meeting (the “Meeting”) of holders of common shares of Alpha (“Alpha Shareholders”) held earlier today, Alpha Shareholders approved the privatization of Alpha pursuant to the amalgamation (the “Amalgamation”) of Alpha and 1446978 B.C.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha”) is pleased to announce that, at the special meeting (the “Meeting”) of holders of common shares of Alpha (“Alpha Shareholders”) held earlier today, Alpha Shareholders approved the privatization of Alpha pursuant to the amalgamation (the “Amalgamation”) of Alpha and 1446978 B.C.
  • The amalgamated company resulting from the Amalgamation will be known as “Alpha Lithium Corporation” (“Amalco”).
  • The Consideration is the same form and same amount of consideration offered to Alpha Shareholders under the Offer.
  • Alpha Shareholders who hold their Alpha Shares through an investment advisor, broker, bank, trust company, custodian, nominee or other intermediary must contact such intermediary for instructions and assistance in exchanging their Alpha Shares for the Consideration.

Ebenbuild to Receive Public Funding Under UBIC Consortium for Digital Lung Twin Project

Retrieved on: 
Tuesday, November 28, 2023

In total, the consortium will receive up to Euro 1.8 million in funding from the German Federal Ministry of Education and Research (Bundesministerium für Bildung und Forschung, BMBF) for its project "Personalized Lung Twins for the Treatment of Acute Respiratory Distress Syndrome (UBIC)".

Key Points: 
  • In total, the consortium will receive up to Euro 1.8 million in funding from the German Federal Ministry of Education and Research (Bundesministerium für Bildung und Forschung, BMBF) for its project "Personalized Lung Twins for the Treatment of Acute Respiratory Distress Syndrome (UBIC)".
  • As part of the UBIC consortium, Ebenbuild will receive up to Euro 900.000 to develop novel AI and simulation technologies for modeling and researching heterogeneously damaged lungs and to improve digitally assisted decision-making in intensive care.
  • Ebenbuild develops personalized lung simulation models based on patient-specific data.
  • “We are delighted about the funding and our participation in the project,” said Dr. Kei Müller, CEO and co-founder of Ebenbuild.

University of Stuttgart and Hewlett Packard Enterprise to Build Exascale Supercomputer

Retrieved on: 
Tuesday, December 19, 2023

The University of Stuttgart and Hewlett Packard Enterprise (NYSE: HPE) have announced an agreement to build two new supercomputers at the High-Performance Computing Center of the University of Stuttgart ( HLRS ).

Key Points: 
  • The University of Stuttgart and Hewlett Packard Enterprise (NYSE: HPE) have announced an agreement to build two new supercomputers at the High-Performance Computing Center of the University of Stuttgart ( HLRS ).
  • Hunter will be based on the HPE Cray EX4000 supercomputer, which is designed to deliver exascale performance to support large-scale workloads across modeling, simulation, AI, and HPDA.
  • We look forward to building on our collaboration to pave the way to exascale for HLRS using the HPE Cray EX supercomputer.
  • We are particularly excited that we have found a globally leading partner for these topics in Hewlett Packard Enterprise, who together with AMD will open up new horizons of performance for our clients.”

OREiN by AiDot Wins German Design Award for OL005 Bathroom Fan with Bluetooth Speaker

Retrieved on: 
Friday, December 22, 2023

LOS ANGELES, Dec. 22, 2023 /PRNewswire/ -- OREiN by AiDot 's bathroom exhaust fan OL005 has been honored with Excellent Product Design at German Design Award 2024.

Key Points: 
  • LOS ANGELES, Dec. 22, 2023 /PRNewswire/ -- OREiN by AiDot 's bathroom exhaust fan OL005 has been honored with Excellent Product Design at German Design Award 2024.
  • Founded in 1953 by the German Design Council, the globally renowned German Design Award only considers designs recommended by the German Design Committee.
  • "OREiN by AiDot's OL005 is an interesting product with contemporary technology that strikingly reflects the progressive design language with its clear, modern design language," stated by the jury.
  • The OREiN OL005 introduces innovative features to redefine bathroom fan functionality beyond traditional options such as light or heating functions.

EQS-News: Delticom publishes Q3 business development: Increase in operating EBITDA by 43.0 %

Retrieved on: 
Tuesday, December 26, 2023

Delticom publishes Q3 business development: Increase in operating EBITDA by 43.0 %

Key Points: 
  • Delticom publishes Q3 business development: Increase in operating EBITDA by 43.0 %
    The issuer is solely responsible for the content of this announcement.
  • Delticom publishes Q3 business development: Increase in operating EBITDA by 43.0 %
    Hanover, November 9, 2023 – Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online retailer for tyres and complete wheels, publishes the key points of its business trends in the first nine months 2023 with this interim announcement.
  • In September, both the end customer business and the business with commercial customers were affected by the persistently warm weather.
  • The forecast for operating EBITDA for the full year of between € 14 million and € 18.9 million continues to be confirmed.

EQS-News: SMG Holding takes leading high-tech engineering company BigRep public - listing planned for the first quarter of 2024

Retrieved on: 
Friday, December 22, 2023

BigRep's listing on the regulated market of the Frankfurt Stock Exchange (General Standard) is planned for the first quarter of 2024.

Key Points: 
  • BigRep's listing on the regulated market of the Frankfurt Stock Exchange (General Standard) is planned for the first quarter of 2024.
  • For this purpose, a business combination agreement was signed between BigRep GmbH and the already listed SMG Technology Acceleration SE, a subsidiary of SMG Holding.
  • The renaming of SMG Technology Acceleration SE into BigRep SE and the listing of new public shares is expected to take place upon closing of the transaction in the first quarter of 2024.
  • Dr. Stefan Petrikovics, CEO of SMG Holding, comments: „BigRep is a fast-growing high-tech engineering company and an impressive example of German precision manufacturing with global distribution.

EQS-News: Schaeffler AG has secured 29.88 percent of Vitesco Technologies Group AG with its public tender offer

Retrieved on: 
Wednesday, December 20, 2023

Completion of tender offer and payment of consideration on January 5, 2024

Key Points: 
  • Completion of tender offer and payment of consideration on January 5, 2024
    Extraordinary General Meeting and separate meeting of non-voting common shareholders on February 2, 2024, as next step
    Herzogenaurach | December 20, 2023 | Schaeffler AG (“Schaeffler”) has announced the final result of the voluntary public tender offer (“tender offer”) for all outstanding shares of Vitesco Technologies Group AG (“Vitesco”).
  • Klaus Rosenfeld, CEO of Schaeffler AG, said: “We are very pleased with the result of the tender offer.
  • From January 5, 2024, Schaeffler AG will hold a stake of around 30 percent in Vitesco Technologies Group AG.
  • This publication is for information purposes only regarding the voluntary public tender offer (the “Offer”) of Schaeffler AG (“Schaeffler”) for all shares of Vitesco Technologies Group AG (“Vitesco” or the “Company”) and does not constitute a solicitation to sell or an offer to buy any of the securities of Vitesco.