Daily Archives: 20, February 2025

Safran and GAL Partner to Strengthen Support for UAE Mirage 2000 Fleet

(IN BRIEF) Safran Aircraft Engines and Global Aerospace Logistics (GAL) have entered into a strategic partnership to provide long-term support for the UAE Air Force & Air Defense’s Mirage 2000 fleet. The collaboration will ensure the operational readiness of the … Read the full press release

Milrem Robotics, EM&E Group, and Thales in Belgium Announce Strategic Partnership to Enhance UAE Defence Capabilities

(IN BRIEF) Milrem Robotics, EM&E Group, and Thales in Belgium have signed an MoU to collaborate on integrating advanced technologies into the THeMIS unmanned ground vehicle for the UAE. This strategic partnership aims to enhance capabilities in countering drone threats … Read the full press release

Wood Group Awarded $120 Million Contract Extension by Shell UK for Key Onshore and Offshore EPC Services

(IN BRIEF) Wood Group has been awarded a $120 million contract extension by Shell UK, continuing to provide brownfield engineering, procurement, and construction services for onshore and offshore assets in the UK. The extension includes new responsibilities at the Penguins … Read the full press release

Ludwig-Maximilians-Universität München (LMU) and University of Regensburg Reveal Epigenetic Target for New Malaria Drug Development

(IN BRIEF) A study led by researchers from LMU Munich and the University of Regensburg has revealed crucial insights into the gene regulation of the malaria pathogen, specifically identifying the role of the chromatin remodeler PfSnf2L. This discovery could pave … Read the full press release

Swisscom and Atlantic Ventures Report Highlights Growth and Trends in Sustainability Software Solutions

(IN BRIEF) Swisscom and Atlantic Ventures’ latest report reveals trends in the growing yet consolidating market for sustainability and carbon management software. The integration of AI is transforming the sector by enabling greater efficiency in achieving sustainability goals, automating key … Read the full press release

Sainsbury Centre at UEA Receives £1.28 Million Grant for Vital Upgrades and Future Exhibitions

(IN BRIEF) The Sainsbury Centre at UEA has received £1.28 million from Arts Council England to upgrade critical infrastructure, including environmental systems and a goods lift, ensuring the Centre’s continued success in hosting global exhibitions and serving as a hub … Read the full press release

Salzgitter and ANDRITZ Break Ground on 100 MW Green Hydrogen Plant for Low-Carbon Steel Production

(IN BRIEF) Salzgitter has officially broken ground on a 100 MW electrolysis plant designed to produce green hydrogen for low-carbon steel production as part of its SALCOS® program. The project, set to deliver hydrogen starting in 2026, will play a … Read the full press release

SAP Proposes 6.8% Dividend Increase for Fiscal Year 2024

(IN BRIEF) SAP SE is recommending an increase in its dividend for fiscal year 2024, proposing €2.35 per share, a 6.8% increase over last year. The total dividend payout would amount to approximately €2.741 billion, reflecting a payout ratio of … Read the full press release

STMicroelectronics Unveils Next-Gen Optical Interconnect Technologies to Drive AI Growth and Energy Efficiency

(IN BRIEF) STMicroelectronics has unveiled its new silicon photonics and BiCMOS technologies to meet the growing demands of AI and datacenter interconnects. With a focus on energy-efficient, high-speed solutions, these innovations are set to power the next generation of optical … Read the full press release

EIB Group Boosts Sweden’s Green Transition with €1.9 Billion Financing in 2024

(IN BRIEF) In 2024, Sweden received approximately €1.9 billion in financing from the European Investment Bank (EIB) Group, with over 65% directed toward climate and sustainability initiatives. This funding supported key projects in renewable energy, infrastructure, and digitalization, including wind … Read the full press release

Siemens Mobility Secures Framework Agreement for Up to 50 Vectron Locomotives with RIVE Private Investment and Northrail

(IN BRIEF) Siemens Mobility has signed a major framework agreement with RIVE Private Investment and Northrail for up to 50 Vectron locomotives. The deal includes an initial 15 locomotives and an eight-year full-service contract, with options to purchase additional locomotives … Read the full press release

Equinor Announces USD 0.70 Total Dividend for Third Quarter 2024

(IN BRIEF) Equinor ASA has declared a total dividend of USD 0.70 per share for the third quarter of 2024, consisting of an ordinary and an extraordinary cash dividend of USD 0.35 each. The corresponding NOK value is NOK 7.8274 … Read the full press release

KfW Research: Germany Faces Challenges in Heat Pump Adoption Despite Growing Market Demand

(IN BRIEF) The adoption of heat pumps in Germany remains slower compared to other European countries, largely due to the significant electricity-to-gas price ratio. However, recent findings from KfW Research suggest that adjusting these prices could significantly boost the number … Read the full press release

iSIM Technology: Driving Efficiency and Innovation in the Expanding Internet of Things Landscape

(IN BRIEF) The iSIM technology is revolutionizing the Internet of Things (IoT) by offering a more efficient, cost-effective, and sustainable solution for device manufacturers. By integrating connectivity directly into the device’s chipset, the iSIM reduces power consumption, production complexity, and … Read the full press release

Mesa Multiactor Foundation Launched to Lead Water Management Efforts in Chile’s Salar de Atacama

(IN BRIEF) As of February 2025, the Multi-Stakeholder Roundtable (Mesa Multiactor) has officially transitioned into an independent foundation, focusing on sustainable water management in Chile’s Salar de Atacama. The initiative, backed by major corporations like BASF, BMW, and Volkswagen, has … Read the full press release

Hexagon’s Xwatch Safety Solutions Unveils MK2 System at Bauma 2025 to Revolutionize Construction Safety

(IN BRIEF) Xwatch Safety Solutions, part of Hexagon, is unveiling the MK2 system at Bauma 2025, a cutting-edge safety and control system designed to enhance construction operations with improved precision and efficiency. The MK2 system builds upon the previous MK1, … Read the full press release

Hexagon Strengthens Partnership with Oracle Red Bull Racing Ahead of 2026 F1 Rule Changes

(IN BRIEF) Hexagon has renewed its long-standing partnership with Oracle Red Bull Racing, reinforcing its role as the team’s exclusive metrology partner. The collaboration spans 18 years and has been critical in ensuring the team’s performance with cutting-edge technologies like … Read the full press release

LANXESS Expands Innovation Capabilities with New Application Development Center in Mumbai

(IN BRIEF) LANXESS has inaugurated its India Application Development Center (IADC) in Thane, Mumbai, further strengthening its presence and innovation capabilities in the region. The new center will support customer-centric solutions in lubricant additives and material protection products. It will … Read the full press release

METRO AG Marks Strategic Milestone with New Leadership and Continued Growth Following sCore Strategy Implementation

(IN BRIEF) At METRO AG’s virtual Annual General Meeting, CEO Dr. Steffen Greubel provided an update on the company’s progress following the implementation of the sCore strategy, noting continued growth despite market challenges. Shareholders approved the actions of the Management … Read the full press release