Economy of Germany

DGAP-News: FUCHS PETROLUB SE earns recognition as a John Deere 'Partner-level Supplier' and 'Parts Supplier of the Year'

Thursday, October 22, 2020 - 10:01am

Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies.

Key Points: 
  • Formed in Mannheim in 1931, the Group employs almost 6,000 people worldwide at 62 operating companies.
  • FUCHS is the world's largest independent lubricant manufacturer.
  • Its most important markets in terms of sales revenues are Western Europe, Asia and North America.
  • This press release contains statements about future developments that are based on assumptions and estimates by the management of FUCHS PETROLUB SE.

DGAP-News: ISRA VISION AG: Atlas Copco publishes quarterly figures

Thursday, October 22, 2020 - 8:01am

Darmstadt, October 22, 2020: Atlas Copco is publishing its quarterly figures today that contain the following information about ISRA VISION AG (ISIN: DE 0005488100):

Key Points: 
  • Darmstadt, October 22, 2020: Atlas Copco is publishing its quarterly figures today that contain the following information about ISRA VISION AG (ISIN: DE 0005488100):
    "On February 10, it was announced that Atlas Copco will partner with the global machine vision specialist ISRA VISION AG through a voluntary public takeover offer.
  • Together with payments made for previous share purchases of MEUR 150, Atlas Copco has paid MSEK 10 604 (MEUR 1 010) for 92.19% of ISRA VISION.
  • On August 3, it was announced that Atlas Copco has requested a squeeze out of minority shareholders in ISRA VISIONAG.
  • ISRA VISION specializes in machine vision solutions with leading technologies for surface inspection and 3D vision for robot guidance, quality inspection and 3D metrology operating through two business segments, Industrial Automation and Surface Vision.

Brookfield Renewable Ireland Selects PCI’s Enterprise Cloud Platform to Meet its Energy Billing Requirements

Tuesday, October 20, 2020 - 3:00pm

Brookfield Renewable Ireland has selected PCIs Enterprise Platform for management of its energy billing requirements in the Irish power market.

Key Points: 
  • Brookfield Renewable Ireland has selected PCIs Enterprise Platform for management of its energy billing requirements in the Irish power market.
  • PCI is pleased to be partnering with Brookfield Renewable Ireland and is looking forward to creating value for their business operations with our time-tested, scalable cloud platform, and unparallel 24x7 customer support, said PCI Vice President, Shailesh Mishra.
  • The PCI Platform offers unmatched functionality for renewable energy players to optimize their portfolios, including co-optimization of Energy Storage Systems (ESS) in wholesale power markets.
  • PCI works with numerous renewable energy providers throughout the world, including, RWE Renewables, Iberdrola, Acciona, and BHE Renewables.

DGAP-News: GRENKE AG: GRENKE provides an update on the status of Company-commissioned audits

Tuesday, October 20, 2020 - 1:11pm

Baden-Baden, October 20, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, reports on the preliminary interim status of the audits commissioned by the Supervisory Board of GRENKE AG.

Key Points: 
  • Baden-Baden, October 20, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, reports on the preliminary interim status of the audits commissioned by the Supervisory Board of GRENKE AG.
  • Priority is being given to validating the existence of cash and cash equivalents and the viability of the leasing business.
  • At the same time, however, we would like to provide some information on the current status.
  • Previously, on October 5, 2020, GRENKE AG announced that KPMG had provided evidence corroborating more than 98 percent of the GRENKE Consolidated Group's bank balances.

Siemens Mobility Austria GmbH Chooses the TrioMed Active Antimicrobial Mask to Protect Its Employees

Tuesday, October 20, 2020 - 1:00pm

MIRABEL, Quebec, Canada, Oct. 20, 2020 (GLOBE NEWSWIRE) -- i3 BioMedical Inc. is pleased to announce that its TrioMed Active Antimicrobial mask has been chosen by Siemens Mobility Austria GmbH.

Key Points: 
  • MIRABEL, Quebec, Canada, Oct. 20, 2020 (GLOBE NEWSWIRE) -- i3 BioMedical Inc. is pleased to announce that its TrioMed Active Antimicrobial mask has been chosen by Siemens Mobility Austria GmbH.
  • Siemens Mobility Austria GmbH did evaluate multiple options to protect its employees and selected the TrioMed Active Mask type IIR after a careful review of the different products available on the market.
  • The scientifically proven efficacy of the TrioMed Active Mask that deactivates within minutes over 99% of the Coronavirus pathogens that could be present on the masks external surface was a crucial selection parameter.
  • We are pleased to add Siemens Mobility Austria GmbH to the list of corporations that now use our TrioMed mask technology to provide an enhanced level of active protection to their employees, says Pierre Jean Messier, i3 BioMedicals CEO.

111, Inc. Teams Up with Bayer Healthcare to Explore the Vast Blue Ocean of Online Healthcare

Monday, October 19, 2020 - 11:50am

SHANGHAI, Oct. 19, 2020 /PRNewswire/ -- On September 24, 111, Inc. (the "Company" or "111") entered into a strategic partnership (the "Partnership") with Bayer Healthcare Co. Ltd. ("Bayer Healthcare").

Key Points: 
  • SHANGHAI, Oct. 19, 2020 /PRNewswire/ -- On September 24, 111, Inc. (the "Company" or "111") entered into a strategic partnership (the "Partnership") with Bayer Healthcare Co. Ltd. ("Bayer Healthcare").
  • A trusted platform with reliable, easily accessible content on disease and healthcare management plays an essential role in empowering patients and healthcare provides to make more informed healthcare decisions.
  • Bayer is committed to the principles of sustainable development, and the Bayer brand stands for trust, reliability and quality throughout the world.
  • 111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading digital healthcare platform committed to digitally connecting patients with healthcare products and services in China.

Power Tools Market in US: COVID-19 Business Continuity Plan | Evolving Opportunities with ANDREAS STIHL AG & Co. KG and Apex Tool Group LLC | Technavio

Friday, October 16, 2020 - 4:30pm

In addition, the steady growth of major end-user industries is anticipated to boost the growth of the power tools market in US.

Key Points: 
  • In addition, the steady growth of major end-user industries is anticipated to boost the growth of the power tools market in US.
  • Besides, the growing number of home improvement stores has increased the availability of power tools for DIY projects in the US.
  • Major Five Power Tools Companies in US:
    ANDREAS STIHL AG & Co. KG
    ANDREAS STIHL AG & Co. KG operates its business through the Unified segment.
  • The company offers a wide range of power tools such as cordless tools and pneumatics tools, which include Bench and Stationary, Pneumatics & Compressors, Corded Power Tools, JobMax, and others.

vHive Secures $4M in an Investment led by Deutsche Telekom to Accelerate Expansion in the Enterprise Drone Hive Software Market

Wednesday, October 14, 2020 - 2:00pm

Deutsche Telekom, one of the world's leading integrated telecommunications companies is making a strategic investment in vHive to propel further expansion in the telecom industry.

Key Points: 
  • Deutsche Telekom, one of the world's leading integrated telecommunications companies is making a strategic investment in vHive to propel further expansion in the telecom industry.
  • Existing investors Octopus Ventures and StageOne Ventures participated in the funding, which will accelerate the company's growth and expansion in the enterprise drone software market.
  • Joel Fisch, Deutsche Telekom Vice President and TIP Co-managing Director has joined the Company's board of directors.
  • Deutsche Telekom, one of the world's leading telecommunication companies, is investing in vHive to fuel the company's continued expansion in markets that are going through digital transformation using autonomous drone hives.

DGAP-News: Wacker Chemie AG: WACKER Drives Implementation of Its 'Shape the Future' Efficiency Program Forward

Thursday, October 15, 2020 - 12:04pm

Munich, October 15, 2020 - Wacker Chemie AG is moving forward with "Shape the Future," its efficiency program initiated last November.

Key Points: 
  • Munich, October 15, 2020 - Wacker Chemie AG is moving forward with "Shape the Future," its efficiency program initiated last November.
  • In this regard, some 1,000 jobs in total will go in Germany by the end of 2022.
  • The job cuts will affect mainly WACKER's administrative departments and the indirect and non-operational functions of its business divisions.
  • WACKER does not plan to update its forward-looking statements, nor does it assume the obligation to do so.

Boehringer Ingelheim and Oxford BioTherapeutics Expand Collaboration to Discover Novel Selective Tumor Targets as First Bispecific Antibody Advanced into the Clinic

Wednesday, October 14, 2020 - 1:00pm

Boehringer Ingelheim will use OBTs OGAP platform to identify novel target opportunities for new immunotherapies utilizing their T-cell engager, cancer vaccine and oncolytic virus platforms.

Key Points: 
  • Boehringer Ingelheim will use OBTs OGAP platform to identify novel target opportunities for new immunotherapies utilizing their T-cell engager, cancer vaccine and oncolytic virus platforms.
  • OBTs platforms are designed to discover and validate novel therapeutic targets and we look forward to continuing our partnership with Boehringer Ingelheim to best address difficult-to-treat cancers.
  • In addition to the programs in the partnership with Boehringer Ingelheim, OBTs clinical assets have also been enabled through the OGAP discovery platform.
  • Under the terms of the agreement, Boehringer Ingelheim is responsible for the development and commercialization of antibody product candidates that interact with the novel targets identified by OGAP.