SIPA

Radia to Provide Low-Cost Clean Energy with the World’s Biggest Wind Turbines Enabled by the World’s Largest Aircraft

Retrieved on: 
Monday, March 18, 2024
Environment, Other Energy, Environmental Health, Utilities, Aerospace, Manufacturing, Alternative Energy, Green Technology, Energy, Aircraft, Electricity, International Energy Agency, Energy development, S&P Global, Farm, Growth, Assistant, EVS, Partnership, MIT, SIPA, Invenergy, Columbia University, Rolls-Royce North America, Software, Embraer, CERAWeek, Wind, Senior, Bloomberg L.P., FMR, Atmosphere, IEA, ConocoPhillips, Renewable energy

Radia, founded in 2016, publicly launched today with plans to meet this challenge by designing, building and operating the world’s largest aircraft.

Key Points: 
  • Radia, founded in 2016, publicly launched today with plans to meet this challenge by designing, building and operating the world’s largest aircraft.
  • This unique aircraft will enable the deployment of the largest and best-performing wind turbines of the present and future to locations currently inaccessible to wind energy at a scale and speed that was previously impossible.
  • Radia’s aircraft, called WindRunner™, will be able to fly large turbine blades and other components directly to wind farm sites.
  • In addition, Radia will lead onshore wind energy expansion in partnership with industry leaders, and work with development partners to create new onshore wind farms.

Fifteenth Pro Rata Interim Distribution of Recovered Funds to Madoff Claims Holders Commences; Totals More Than $78 Million

Retrieved on: 
Friday, February 23, 2024
BakerHostetler, Securities Investor Protection Corporation, Trustee, AlixPartners, SIPC, SIPA, Charles Ponzi, Madoff investment scandal

NEW YORK and WASHINGTON, Feb. 23, 2024 /PRNewswire/ -- Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that the fifteenth pro rata interim distribution from the Customer Fund to eligible BLMIS customers commenced today.

Key Points: 
  • The SIPA Trustee is distributing more than $78 million on a pro rata basis to BLMIS account holders with allowed claims.
  • The fifteenth interim distribution represents 0.419 percent of each allowed claim and will be paid on claims relating to 773 accounts.
  • The fifteenth pro rata interim distribution was reached as a result of settlements and litigation since the last interim distribution in February 2023.
  • Of these 2,290 accounts, 1,521 with claims up to $1.731 million will be fully satisfied following the fifteenth interim distribution.

Navigate's New Homes in Birmingham Win 2024 High-Performance Affordable Housing Award

Retrieved on: 
Wednesday, February 21, 2024
Sips, Navigation, Innovation, Hypericum concinnum, SIPA, Blight, Structure, Renewable energy

BIRMINGHAM, Ala., Feb. 21, 2024 /PRNewswire/ -- Navigate Affordable Housing Partners is proud to announce that our new homes at Goldwire Heights won the SIPA's 2024 High-Performance Affordable Housing Award.

Key Points: 
  • Structurally Insulated Panel Association (SIPA) Recognizes Navigate's Homes in North Titusville Neighborhood for Innovative, Affordable Design
    The homes boast a sustainable, energy-efficient design incorporating Structurally-Insulated Panels (SIPs).
  • Located in North Titusville's historic Goldwire Heights subdivision, these homes represent Navigate's commitment to revitalizing communities.
  • "The Goldwire homes are not only creating much-needed housing in a low-income community, but are delivering on our commitment to keep homes affordable by lowering energy costs while increasing comfort."
  • The 2024 High-Performance Affordable Housing Award marks Navigate's first win in the SIPA's prestigious Building Excellence Awards, a program with a 22-year history.

National Geographic Unveils Trailer for Captivating New Series PHOTOGRAPHER From Oscar®, Bafta and Emmy® Award-Winning Filmmakers E. Chai Vasarhelyi and Jimmy Chin

Retrieved on: 
Thursday, February 8, 2024
Arts, Museums, Entertainment, Other Entertainment, Film & Motion Pictures, General Entertainment, Mobile Entertainment, Books, Vanity Fair, The Times, Travel, Family, SIPA, Creativity, World Press Photo, Exploration, Marshall Curry, Photography, Science, Varma, Publication, The Red Bulletin, National Geographic Explorer, Human, Life, Society, Motion, Life (magazine), Social media, News, EDT, National Geographic, New York (magazine), Health, Refugee, School, Marine biology, NASA, Communication Arts (magazine), Pulitzer Prize, Communication, Lizzo, Kennedy Space Center, Communications satellite

Today, National Geographic released the trailer for the unprecedented six-part docuseries PHOTOGRAPHER from award-winning filmmakers E. Chai Vasarhelyi and Jimmy Chin.

Key Points: 
  • Today, National Geographic released the trailer for the unprecedented six-part docuseries PHOTOGRAPHER from award-winning filmmakers E. Chai Vasarhelyi and Jimmy Chin.
  • Along with the release of the trailer, National Geographic also announced today the names of the eight esteemed directors who have masterfully brought each of the photographers’ stories to life.
  • For over 135 years, National Geographic has built a storied legacy in visual storytelling, showing an interconnected world through the work of thousands of renowned photographers.
  • For Little Monster Films, E. Chai Vasarhelyi, Jimmy Chin and Pagan Harleman are executive producers, and Anna Barnes and Brent Kunkle are co-executive producers.

Structural Insulated Panel Association (SIPA) Names the 2024 Annual Building Excellence Award Winners

Retrieved on: 
Wednesday, January 31, 2024
SIP, Structure, House, Carbon, SIPA, Sips, Health, Injection moulding

PHOENIX, Jan. 31, 2024 /PRNewswire-PRWeb/ -- The Structural Insulated Panel Association (SIPA) announced the winners of the 22nd annual Building Excellence Awards at its member meeting on January 29-31, 2024. The industry's most prominent offsite construction awards program, the Building Excellence Awards showcase outstanding residential and commercial projects that demonstrate the design flexibility, long-lasting energy performance and resiliency of structural insulated panels (SIPs).

Key Points: 
  • Trade association recognizes outstanding projects that use SIPs, a green building envelope technology for eco-conscious builders and designers
    PHOENIX, Jan. 31, 2024 /PRNewswire-PRWeb/ -- The Structural Insulated Panel Association (SIPA) announced the winners of the 22nd annual Building Excellence Awards at its member meeting on January 29-31, 2024.
  • The annual Building Excellence Awards give SIP manufacturers and construction professionals an opportunity to showcase exemplary projects completed the year prior.
  • The 2024 Building Excellence Award judges evaluated each project on three criteria: design and structural engineering innovation, creative use of SIP construction and environmental sustainability.
  • SIPA's 2024 Building Excellence Award winners are as follows:
    HP Winner: Affordable SIP House - Birmingham, AL
    Classic Runner Up: SIP Farm Multi-Shop - Cottonwood, MN
    Classic Runner Up: SIP Campus Building – Berthoud, CO
    Classic Winner: SIP Research Center - Cape Shirreff, Antarctica

WEF24: Saudi Climate Envoy – Kingdom Setting Standards for Global Energy, Resource Security

Retrieved on: 
Thursday, January 18, 2024
Environment, Technology, Climate Change, Security, Environmental Issues, Other Energy, Alternative Energy, Green Technology, Energy, Steps, SIPA, Foreign Affairs, Multimedia, Minister, Saudi Vision 2030, WEF, Green Initiative, Mining, Sustainability, SGI, Playbook, First, Movement, Acceleration, Investment, Council, Private sector, Arabian Peninsula, Mineral Resources Limited, Climate, Gulf International Bank

“The world’s need for energy keeps expanding, and that extra need for energy has to be accommodated using alternative sources of energy.

Key Points: 
  • “The world’s need for energy keeps expanding, and that extra need for energy has to be accommodated using alternative sources of energy.
  • Renewables are a clear favorite,” Aljubeir added, pointing to the Saudi Green Initiative (SGI), which has implemented more than 80 public and private sector initiatives, representing an investment of over $188 billion towards achieving global climate goals.
  • ‘The Future of Banking and Technology in Saudi Arabia: What it Means for Investors’ hosted Ibrahim Almubarak, Assistant Minister of Investment, Saudi Arabia and CEO of the Saudi Investment Promotion Agency (SIPA), and Eng.
  • Abdulla bin Mohammed Al Zamil, Chairman, Gulf International Bank, Kingdom of Saudi Arabia.

Madoff Trustee Requests Allocation of More Than $66 Million to Customer Fund and Court Approval to Distribute More Than $45 Million to BLMIS Customers with Allowed Claims

Retrieved on: 
Friday, December 8, 2023
United States bankruptcy court, Distribution, Securities Investor Protection Corporation, AlixPartners, CGM, History, BakerHostetler, EST, SIPA, SIPC, Hearing, Madoff investment scandal, Motion, Bankruptcy, Music, Cryptocurrency, Insurance, Charles Ponzi, Bernie Madoff

"They have the full support of SIPC as well as our thanks for their commitment and accomplishments."

Key Points: 
  • "They have the full support of SIPC as well as our thanks for their commitment and accomplishments."
  • "Our legal team under David Sheehan continues to achieve judicial victories on behalf of Madoff claimants with allowed claims.
  • The aggregate amount distributed to eligible BLMIS customers will total approximately $14.43 billion, including approximately $849.9 million in advances committed by SIPC.
  • The Fifteenth Customer Fund Allocation and Distribution Motion can be found on the United States Bankruptcy Court's website at http://www.nysb.uscourts.gov/ ; Bankr.

Save® Announces Market Trust, an Innovative New Retirement Savings Program

Retrieved on: 
Wednesday, August 16, 2023
Securities Investor Protection Corporation, SIPA, Securities Investor Protection Act, FDIC, Congress, Market, Apex, Savings and loan crisis, Retirement, SIPC, Investment, Life annuity, Bank

Save expects the return potential of its Market Trust program to be higher than traditional high-yield interest savings accounts or market-driven retirement solutions.

Key Points: 
  • Save expects the return potential of its Market Trust program to be higher than traditional high-yield interest savings accounts or market-driven retirement solutions.
  • All program deposits are to be principal protected and designed to be held for the program term.
  • "Our Market Trust program can fundamentally change how people save for retirement."
  • "We're excited to work with Gainbridge® to build an entirely new approach to retirement savings," said Michael Nelskyla, CEO of Save.

Cornelis Networks Appoints David Joseph as Chief Financial Officer

Retrieved on: 
Wednesday, May 17, 2023
Morgan Stanley, International, Public affairs, SIPA, NYU, EBay, Government, Internet, Houghton Mifflin Harcourt, Fortune 500, HPC, CFO, Growth, AI, Renewable energy, Amazon

WAYNE, Pa., May 17, 2023 (GLOBE NEWSWIRE) -- Cornelis Networks , the leading provider of intelligent, high-performance networking solutions that accelerate the world’s most data intensive technical computing (HPC and AI) applications and workloads, is further strengthening its leadership team with the appointment of David Joseph as Chief Financial Officer.

Key Points: 
  • WAYNE, Pa., May 17, 2023 (GLOBE NEWSWIRE) -- Cornelis Networks , the leading provider of intelligent, high-performance networking solutions that accelerate the world’s most data intensive technical computing (HPC and AI) applications and workloads, is further strengthening its leadership team with the appointment of David Joseph as Chief Financial Officer.
  • As the demand for AI infrastructure has risen sharply this year, David joins Cornelis Networks during a period of rapid growth.
  • In his role, David is responsible for expanding the critical global financial, administrative, and operational functions to support this phase of growth, while working closely with management in leading the company’s financing, M&A, and strategic partnerships.
  • “As demand for high performance networking solutions continues to spike with the increasing adoption of AI, Cornelis Networks remains steadfastly focused on delivering our proven technology and multi-generational roadmap to our technical computing customers across government, academic, and commercial industries,” said Phil Murphy, CEO of Cornelis Networks.

New Study by Impact Capital Managers and Morrison Foerster Shows Almost Two-Thirds of Impact Exits Meet or Exceed Financial Performance Expectations

Retrieved on: 
Monday, May 8, 2023
Cloud, IPO, Cambridge Associates, International Finance Corporation, SIPA, Investment, ICM, Value, Impact investing, Exit, Energy, Research, KKR, Attention, Orientation, Columbia Business School, McKinsey & Company, Sale, TPG, LP record, Caprock, US, Clutch (eggs), Initial public offering, Growth, ESG, GP, Morrison & Foerster, HCAP, Renewable energy, Cryptocurrency, Risk management, Marketing, Management, Security (finance)

NEW YORK, May 8, 2023 /PRNewswire/ -- ICM Institute, a nonprofit research arm of the Impact Capital Managers (ICM), a membership association of leading private capital funds, together with leading global law firm Morrison Foerster, today published a new report, "Strengthening Outcomes: Impact and Financial Value at Exit," that shows almost two-thirds (65%) of impact exits meet or exceed financial performance expectations. The first-of-its-kind study draws on a sample size of 230 exits from ICM members, each of which manages a market-rate impact fund and is therefore uniquely positioned to provide data and insights into the success of impact exits and the key drivers of that success.

Key Points: 
  • The continued growth in impact investing has led to a parallel increase in exits by impact investors.
  • ICM Institute analyzed 230 exits and found that 42% outperformed financial expectations, 23% were "at target," and 35% underperformed.
  • The figures are similar when it comes to impact performance, with 42% outperforming impact expectations, 39% "at target," and 19% underperforming.
  • Investors' impact goals were met or exceeded in 81% of exits, reflecting a slightly higher level of performance in impact as compared to financial performance.