Economics

Out-of-this-world technology could help oil sands take giant leap forward in reducing CO2 emissions

Retrieved on: 
Thursday, January 12, 2023

The same advanced optical technology used to search for trace amounts of potential carbon-based past life on Mars can detect precise amounts of solvents (hydrocarbons) in the oil production stream.

Key Points: 
  • The same advanced optical technology used to search for trace amounts of potential carbon-based past life on Mars can detect precise amounts of solvents (hydrocarbons) in the oil production stream.
  • Replacing steam in SAGD production with solvents could result in up to a 90% reduction of CO2 emissions.
  • This will help ensure the emissions reduction technology is advanced more quickly and cost effectively.
  • All net-zero references in this announcement apply to emissions from oil sands operations (defined as scope 1 and scope 2 emissions).

Ventyx Biosciences Appoints Allison J. Hulme, Ph.D. and Onaiza Cadoret-Manier to its Board of Directors

Retrieved on: 
Thursday, January 12, 2023

Dr. Allison Hulme currently serves as Chief Executive Officer, President and a board member of Aeovian Pharmaceuticals.

Key Points: 
  • Dr. Allison Hulme currently serves as Chief Executive Officer, President and a board member of Aeovian Pharmaceuticals.
  • Prior to this, she served as Chief Operating Officer, Head of Research and Development and a board member at Sophiris Bio.
  • Ms. Onaiza Cadoret-Manier currently serves as Executive Vice President, Chief Global Product Strategy and Operations officer at Ionis Pharmaceuticals.
  • “Allison and Onaiza’s deep industry experience and commercialization expertise will be an invaluable addition to our board of directors.

AMD Announces CFO Transition

Retrieved on: 
Wednesday, January 11, 2023

Kumar will remain at AMD through April 2023 to ensure a smooth transition.

Key Points: 
  • Kumar will remain at AMD through April 2023 to ensure a smooth transition.
  • “I want to thank Devinder for his many contributions to AMD.
  • He has been an outstanding CFO and partner whose leadership was instrumental in creating the financial foundation that enabled our significant revenue growth and success in recent years,” said AMD Chair and CEO Lisa Su.
  • “At the same time, I am very excited to welcome Jean to AMD.

WISeKey Davos 2023 Event: Surviving the Tech/Crypto Winter event announces the list of panelists and roundtables

Retrieved on: 
Wednesday, January 11, 2023

But to navigate the current economic downturn, looking back at what worked and didn’t will be essential.

Key Points: 
  • But to navigate the current economic downturn, looking back at what worked and didn’t will be essential.
  • The term " Tech/Crypto Winter" is often used to refer to a period of economic downturn or stagnation in the technology industry.
  • During a Tech/Crypto Winter, companies in the technology industry may struggle to maintain profitability and growth, and some may even go out of business.
  • During the event, discussions will also cover the crypto market and review recommendations of industry experts who have been warning of a Tech/Crypto Winter.

Broadwind Announces Transformational Two-Year, $175 Million Wind Tower Order With Global Wind Turbine Manufacturer

Retrieved on: 
Tuesday, January 10, 2023

CICERO, Ill., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced receipt of approximately $175 million in new tower orders from a leading global wind turbine manufacturer.

Key Points: 
  • CICERO, Ill., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced receipt of approximately $175 million in new tower orders from a leading global wind turbine manufacturer.
  • Fulfillment of the new order will occur during the full year 2023 and conclude by the end 2024.
  • The two-year order secures approximately 50% of optimal tower production capacity across Broadwind’s facilities in 2023 and 2024.
  • “This transformational new tower order is an historic accomplishment for our entire team, one that further establishes Broadwind as the leading precision manufacturer of heavy fabrications advancing the global energy transition,” stated Eric Blashford, President and CEO of Broadwind.

Solomon Partners Expands Industrials Investment Banking with Hiring of Kent Fisher

Retrieved on: 
Tuesday, January 10, 2023

NEW YORK, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Solomon Partners , a leading financial advisory firm and independently operated affiliate of Natixis, has expanded its Industrials investment banking group with the hiring of Kent Fisher who joins the firm as a Senior Advisor.

Key Points: 
  • NEW YORK, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Solomon Partners , a leading financial advisory firm and independently operated affiliate of Natixis, has expanded its Industrials investment banking group with the hiring of Kent Fisher who joins the firm as a Senior Advisor.
  • Mr. Fisher will work closely with Larry Gelwix, who recently joined Solomon Partners to lead the firm’s industrials practice.
  • He earned an MBA from the UCLA Anderson School of Management and a bachelor’s degree in Economics from Pomona College.
  • “Kent brings a tremendous amount of firepower to our team and will assist Solomon Partners in providing best-in-class financial advice to our clients in the aerospace and defense industries,” Mr. Gelwix said.

ATLAS GLOBAL BRANDS INC. PROVIDES CORPORATE UPDATE

Retrieved on: 
Tuesday, January 10, 2023

VANCOUVER, BRITISH COLUMBIA, CHATHAM, ONTARIO and TEL-AVIV, ISRAEL, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Atlas Global Brands Inc. (“Atlas” or the “Company”) (formerly Silver Phoenix Resources Inc. “Silver Phoenix”) (CSE:ATL), a global cannabis company operating in Canada and Israel with expertise across the cannabis value chain, is pleased to provide a corporate update on leadership and retention of service providers.

Key Points: 
  • VANCOUVER, BRITISH COLUMBIA, CHATHAM, ONTARIO and TEL-AVIV, ISRAEL, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Atlas Global Brands Inc. (“Atlas” or the “Company”) (formerly Silver Phoenix Resources Inc. “Silver Phoenix”) (CSE:ATL), a global cannabis company operating in Canada and Israel with expertise across the cannabis value chain, is pleased to provide a corporate update on leadership and retention of service providers.
  • The Board of Directors of Atlas (the “Board”) has appointed Peter Van Mol as Interim Chief Financial Officer effective January 10, 2023.
  • Jason Cervi is expected to become Atlas’ Chief Financial Officer upon conclusion of a transition period.
  • Her experience includes family law, employment litigation, intellectual property, securities, residential and commercial real estate, civil law, and corporate law.

Sage and Cebr Forecast US SMBs as a Jobs and Growth Engine, With SMBs Set to Employ Almost 45% of Business Workers by 2025

Retrieved on: 
Tuesday, January 10, 2023

Employment by United States SMBs is projected to grow by 0.6% and reach a record high of over 63.3 million jobs by 2025, making up 44.8% of all business workers.

Key Points: 
  • Employment by United States SMBs is projected to grow by 0.6% and reach a record high of over 63.3 million jobs by 2025, making up 44.8% of all business workers.
  • The study further outlines the role of SMBs in powering global economies, with the sector showing no signs of slowing.
  • By 2025, Cebr forecasts that the number of United States SMBs will grow by 36,000 and by nearly 1.2 million across the eight countries studied.
  • For example, in the US, employment by SMBs within this industry grew by 411,000 between 2010 and 2015.

Integra Announces Oxide Drill Results: 0.52 G/T Gold Equivalent Over 102 M and 0.97 G/T Gold Equivalent Over 24 M From Delamar Stockpile Drill Program, 1.38 G/T Gold Equivalent Over 67 M in Metallurgical Drilling

Retrieved on: 
Tuesday, January 10, 2023

Drill results from DeLamar stockpile drill program include:

Key Points: 
  • Drill results from DeLamar stockpile drill program include:
    The Company also announces drill results from metallurgical drill holes at DeLamar, including:
    The 11,000 m stockpile drill program at DeLamar continues to meet or exceed expectations in regard to grade and intercept.
  • To date, the Company has tested the North DeLamar backfill, Stockpile 1 and Stockpile 2.
  • In total the Company has drilled 3,980 m in 86 drill holes as part of this drill program.
  • The drill results announced today are from a metallurgical drill program at DeLamar as well as 24 additional drill holes from the 11,000 m stockpile drill program at the Project.

Hard Asset Management, Inc., One of the World's Largest Rare Coin and Precious Metals Dealers, Experienced Growth in Demand for Both 2021/22 for U.S. and World Rare Coins

Retrieved on: 
Tuesday, January 10, 2023

SAN JUAN, Puerto Rico, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The U.S. and World rare coin market saw demand soar in 2021 and continue in 2022.

Key Points: 
  • SAN JUAN, Puerto Rico, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The U.S. and World rare coin market saw demand soar in 2021 and continue in 2022.
  • In 2022 Hard Asset Management had one of its highest grossing years in terms of sales for both precious metals and rare coins, with 2023 starting off even stronger.
  • This success is a testament to the company's expertise in identifying undervalued rarities which are always sought-after regardless of economics.
  • Here are a few top gainers over the last 24 months as prime examples: