AI-based predictive maintenance software firm Avanseus has agreed to merge with the Nasdaq-listed special purpose acquisition company (SPAC) Fat Projects Acquisition Corp. The business combination agreement between the two Singapore-based companies would give Avanseus a pro forma enterprise value of approximately $135.7 million, according to an announcement. Go to Source
Category: Automotive
Jokowi struggles to drum up investors for new Indonesia capital
In late June, Japanese investors appeared puzzled while visiting the construction site of a new presidential palace in the jungles of Borneo. Aside from trees, they could only see a white sign with the words, “titik nol,” indicating the center point of Indonesia’s future capital, Nusantara. “This makes it hard to get an idea of… Continue reading Jokowi struggles to drum up investors for new Indonesia capital
Cummins and Versatile Hydrogen Engine Collaboration Announced
BOONE, Iowa–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Buhler Industries Inc. (TSX: BUI), a leading tractor manufacturer under the Versatile brand, announced today that they have signed a letter of intent and plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. Versatile is a longstanding manufacturer… Continue reading Cummins and Versatile Hydrogen Engine Collaboration Announced
Cummins Powered CLAAS TRION Combine to Make North American Debut
BOONE, Iowa–(BUSINESS WIRE)–Visitors to Farm Progress will be able to get their first look at the Cummins powered CLAAS TRION 740. Cummins’ clean and efficient L9 engine offers farmers up to 430 hp in this state-of-the-art combine harvester. Ann Schmelzer, Managing Director of Cummins Global Agriculture Business, said: “Cummins has had a strong presence in… Continue reading Cummins Powered CLAAS TRION Combine to Make North American Debut
Lufthansa Group Receives First 787 Dreamliner
SEATTLE, Aug. 29, 2022 /PRNewswire/ — Boeing [NYSE: BA] and the Lufthansa Group today celebrated the delivery of the first 787 Dreamliner, a 787-9, to Europe’s largest airline group at Paine Field, Everett, Wash. The Lufthansa Group has 32 firm orders for the 787 and joins nearly 50 customers worldwide in operating the industry’s most… Continue reading Lufthansa Group Receives First 787 Dreamliner
Huntkey Provided Air Purification and Power Solutions in Space Experiments
SHENZHEN, China, Aug. 29, 2022 /PRNewswire/ — Huntkey, as a power supply partner for manned spaceflight technology, provided air purification services and stable charging equipment to participate in space experiments. Six volunteers participated in experiments that lasted for a month and was initiated by Space Science and Technology Institute (Shenzhen). Background Space Science and Technology Institute… Continue reading Huntkey Provided Air Purification and Power Solutions in Space Experiments
Boat Davits Market to Accrue $615.1 Million, Globally, by 2031 at 6.1% CAGR: Allied Market Research
Increase in marine freight transport worldwide and rise in implementation of marine safety norms drive the global boat davits market growth. PORTLAND, Ore., Aug. 30, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Boat Davits Market by Type (Gravity roller track davit, Single pivot gravity davit, Free fall davit, Quadrantal davit), by… Continue reading Boat Davits Market to Accrue $615.1 Million, Globally, by 2031 at 6.1% CAGR: Allied Market Research
Lucid Group Files Form S-3 Shelf Registration Statement
NEWARK, Calif., Aug. 29, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ:LCID), setting new standards with the award-winning Lucid Air, today announced that it has filed a “universal shelf” registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”). The registration statement would allow Lucid to raise up to an aggregate of $8… Continue reading Lucid Group Files Form S-3 Shelf Registration Statement
Tesla can’t stop employees from wearing union swag, labor board rules
Union swag at Tesla is in. The National Labor Relations Board (NLRB) said that Tesla’s current dress code policy was unlawful. Specifically, the part where it only allowed employees to wear Tesla or other pre-approved black tee shirts. That policy meant union swag was not allowed — a hindrance to anyone trying to organize or… Continue reading Tesla can’t stop employees from wearing union swag, labor board rules
@GM: Cadillac: 120 Years of Design and Engineering Innovation
Cadillac: 120 Years of Design and Engineering Innovation Storied past informs American icon’s charge into the future 2022-08-29 A brand synonymous with continuous innovation Twelve decades of trend-setting designs Exploring and expanding the definition of luxury motoring Detroit, MI – This month, Cadillac celebrates its 120th anniversary— 12 decades of industry leadership in engineering, design and innovation… Continue reading @GM: Cadillac: 120 Years of Design and Engineering Innovation