Category: Press Releases

SAN JOSE, Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) — NEUCHIPS, a leader in AI ASIC platforms for deep learning recommendation, today announced series B2 funding of $20M. The round includes strategic investors Wistron, JAFCO Asia, Powerchip Group and new investor Raydium Semiconductor Corporation.

Together with the UKAEA’s world-leading researchers, General Fusion progresses its Fusion Demonstration Program

VANCOUVER, British Columbia, Oct. 17, 2022 (GLOBE NEWSWIRE) — Today, General Fusion and the UKAEA kick off projects to advance the commercialization of magnetized target fusion energy as part of an important collaborative agreement. With these unique projects, General Fusion will benefit from the vast experience of the UKAEA’s team. The results will hone the design of General Fusion’s demonstration machine being built at the Culham Campus, part of the thriving UK fusion cluster. Ultimately, the company expects the projects will support its efforts to provide low-cost and low-carbon energy to the electricity grid.

General Fusion’s approach to fusion maximizes the reapplication of existing industrialized technologies, bypassing the need for expensive superconducting magnets, significant new materials, or high-power lasers. The demonstration machine will create fusion conditions in a power-plant-relevant environment, confirming the performance and economics of the company’s technology.

“The leading-edge fusion researchers at UKAEA have proven experience building, commissioning, and successfully operating large fusion machines,” said Greg Twinney, Chief Executive Officer, General Fusion. “Partnering with UKAEA’s incredible team will fast-track work to advance our technology and achieve our mission of delivering affordable commercial fusion power to the world.”

“Fusion energy is one of the greatest scientific and engineering quests of our time,” said Ian Chapman, UKAEA CEO. “This collaboration will enable General Fusion to benefit from the ground-breaking research being done in the UK and supports our shared aims of making fusion part of the world’s future energy mix for generations to come.”

Advancing polychromators for Thomson Scattering

General Fusion benefits from the UKAEA’s expertise in building polychromators, which are used in an industry-standard diagnostic called Thomson Scattering that measures electron temperature. The UKAEA will be building a new, larger Thomson Scattering system, which will be installed on General Fusion’s fusion demonstration machine at Culham. Electron temperature measurements are used for thermal confinement calculations, a fundamental calculation to determine experiment success.

Improving neutronics model development and simulation

Since its founding, General Fusion has formed over 200,000 hydrogen plasmas, averaging 100 neutron-generating plasmas per day. In its collaboration with the UKAEA, the company will harness UKAEA’s extensive neutron modelling software and expertise to simulate the neutron flux distribution from General Fusion’s operational large-scale plasma injector (PI3) as well as future machines. The simulation results from PI3 will be used to develop higher level physics models that will inform the design of neutron diagnostics on future machines, including the fusion demonstration and commercial power plants.

Customizing vacuum test steel for fusion demonstration vessel

In the past 20 years, enabling technologies, such as advanced composite materials and additive manufacturing, have offered innovative new pathways to resolve historical barriers to fusion energy. In General Fusion’s fusion demonstration, the design will use special steel that can withstand the high temperatures and compressive forces found in a fusion vessel. The UKAEA will use its vacuum facilities to test the specific steel that General Fusion will use and help inform the demonstration facility’s final design.

About General Fusion
General Fusion is pursuing a fast and practical approach to commercial fusion energy and is based in Vancouver, Canada, with locations in London, UK, and Oak Ridge, Tennessee, USA. The company was established in 2002 and is funded by a global syndicate of leading energy venture capital firms, industry leaders, and technology pioneers. Learn more at www.generalfusion.com.

General Fusion Media Relations
media@generalfusion.com
+1-866-904-0995

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About UKAEA
UK Atomic Energy Authority (UKAEA) carries out fusion energy research on behalf of the UK Government. We believe fusion will be part of the world’s future energy mix, and achieving this involves working at the forefront of science, engineering, and technology.

We oversee the UK’s fusion programme, headed by the MAST Upgrade (Mega Amp Spherical Tokamak) experiment. We also host the world’s largest fusion research facility, JET (Joint European Torus), operated for scientists from around Europe.

More information: https://www.gov.uk/ukaea. Social Media: @UKAEAofficial

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A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/00210685-fc62-49ef-954d-a1a6eedd9b9b

TEWKSBURY, Mass., Oct. 17, 2022 (GLOBE NEWSWIRE) — Cambridge Isotope Laboratories, Inc. (CIL), the world leader in stable isotope chemistry and the separation of carbon-13 (¹³C), has embarked on the largest expansion in the company’s history. This strategic undertaking, which has been aptly named North Star, will significantly increase ¹³C production by building a separate cryogenic distillation facility for carbon monoxide.

In 1990, CIL constructed the world’s largest ¹³C isotope-separation plant, Cambridge Isotope Separations, LLC (CIS), located on 33 acres in Xenia, Ohio. Since then, the site has grown to 48 acres and there have been four expansions of ¹³C production. This investment, which began in 2020, is planned to be completed in 2024 and will dramatically increase CIL’s existing capacity of ¹³C production.

“North Star is a culmination of 30 years of knowledge and learning how to design, build, and operate isotopic separate systems,” states Mike Steiger, Vice President of Engineering and Project Execution at CIS. “Our experience allows us to continually make improvements in our design, execution of the project, and operation of our systems.”

“With each build and expansion of ¹³C, CIL accumulates vast amounts of information and learnings,” says CEO (Chief Executive Officer) Cliff Caldwell. “Although our earliest systems are fully operational and have been for decades, we continue to challenge what we know and can learn from each expansion to increase efficiency, reliability, and redundancy while reducing our environmental footprint. We are passionate about not just being the biggest but also the best.”

¹³C is a critical starting material used in the production of new and existing research and diagnostic chemicals. North Star will ensure that CIL’s committed, long-term customers will be guaranteed the additional ¹³C required for the current and increasing future demands for ¹³C-labeled compounds.

About Cambridge Isotope Laboratories, Inc.

CIL is the world’s largest manufacturer and global supplier of stable isotopes and stable isotope-labeled compounds used in research, environmental, neonatal, pharmaceutical, medical diagnostic, OLED, and industrial markets. Our CIL subsidiary, ABX in Dresden, Germany, is active in the development and commercialization of radio isotopic labeled compounds for the diagnosis and treatment of cancers. CIL is an operating business owned by Otsuka Pharmaceutical. The CIL business consists of two facilities in the Boston, MA, area; a large isotope-enrichment production plant in Xenia, OH; CIL China; CIL Canada; ABX in Dresden, Germany; and Eurisotop in Saclay, France. For more information on CIL, visit isotope.com.

Contact Information:
Crissy Krisko
crissyk@isotope.com
1.978.749.8000

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• EV Technology Group’s strategic partner MOKE International returns to the US with the improved and more powerful Electric MOKE Californian, 40 years since the original was last sold in America
• MOKE International’s Electric MOKE Californian will be the only highway-legal Moke vehicle available in the US and first genuine version of the original Mini Moke to go on sale since 1982
• MOKE International owns the original 1964 Moke trademark and over 100 other Moke marks; it is recognized in Europe as the direct descendant of the original manufacturer of the legendary Mini Moke
• The Electric MOKE Californian is highway-legal with a top speed of 50mph (80kph) and offers a range of 80 miles (120km) per charge (Subject to Worldwide Harmonised Light Vehicle Test Procedure (WLTP) testing)
• MOKE International is the first 1960s automotive brand to go 100% electric

TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that its strategic partner MOKE International Limited (“MIL” or “MOKE International”) will bring the MOKE brand back to America after 40 years, with the more powerful and highway-legal Electric MOKE Californian – a zero-emissions reimagination of the original 1964 Mini Moke. MOKE International owns the original 1964 British Motor Corporation Moke trademarks and is recognized in over 100 jurisdictions as the owner of the Moke brand.

The Electric MOKE Californian

The Electric MOKE Californian is hand-crafted in the United Kingdom to the same high specifications and standards as the Electric MOKE that recently went on sale in Europe, but its name is a US market-specific tribute to the 1977 Moke Californian – an uprated version of the Mini Moke that was sold in America and ceased production in 1982.

This is the first time a genuine version of the original Mini Moke has gone on sale in the US in more than four decades, and the first time a highway-legal version of the original Mini Moke has been available in America, with a top speed of 50mph (80kph). Fully charged, the Electric MOKE Californian offers a range of 80 miles (120km) – enough to cruise Route 101 down to Malibu Beach from Santa Barbara. A full charge takes four hours on a US Type 1 charger.

MOKE International is the first 1960s brand to go fully electric, reinventing the Mini Moke through zero-emissions technology to continue its legacy as a design icon and beloved beach accessory.

Isobel Dando, CEO MOKE International, said: “This is a momentous time for MOKE International. It’s great to be able to offer the US market a genuine MOKE car for the first time in 40 years. The original Moke Californian represented an incredibly important chapter in the company’s rich history; we are proud that the MOKE lives on and can be enjoyed in the electric era.”

Wouter Witvoet, Founder and CEO of EV Technology Group, said: “The MOKE Californian’s return to US soil solidifies our approach to electrifying iconic brands. As we partner with iconic brands such as MOKE, we don’t just help them to transition to electric, but most importantly we delve into the brands roots and help to continue to write its history. As a company traded in the US via the OTCQB, there has already been a lot of interest in seeing our vehicles live in the US, so we expect that this announcement will be met with great excitement.”

The Electric MOKE Californian’s pure bloodline

MOKE International, maker of the new Electric MOKE Californian, continues the legacy of the legendary Mini Moke, but reinvented for the electric era. The Mini Moke was born in the heartland of Britain’s automotive industry, created by the father of the Mini, Sir Alec Issigonis.

With prototypes built by the British Motor Corporation in 1959, developed under the codename ‘The Buckboard’, the Mini Moke was originally intended to be a lightweight military vehicle that could be parachuted into warzones and help troops traverse rough ground quickly. Marketed domestically as a utility wagon for farmers and workers, it quickly found legions of fans across the globe, especially in the South of France and Australia, where its rugged nature and open top design made it the ultimate beach shuttle. Loaded with surfboards and refreshments, with the wind running through your hair, life was for living.

Countless admirers including The Beatles, The Beach Boys and Brigitte Bardot – all seen driving the Mini Moke in glamorous seaside locations like the French Riviera and the Caribbean – cemented its status as an icon of the Swinging ‘60s.

While there were many variants of the original Mini Moke made before production ceased in 1993, perhaps the most exciting and desirable was the Moke Californian, which was sold in the US from 1977-1982. Styling-wise, it was a departure from the Mini Moke’s utilitarian look which made it popular with a young, fashion-conscious crowd in sun-drenched locations like Playa del Rey and Cayucos.

Still built in the UK, the new Electric MOKE Californian embodies all of the same qualities of the original – fun, freedom, fresh air – but plays its role in keeping some of the world’s most beautiful locations clean through zero-emissions technology.

Using a 44hp electric motor and weighing less than 800kg, the rear-wheel-drive Electric MOKE Californian covers 0-34mph (0-55kph) in 4.3 seconds and achieves a top speed of 50mph (80kph). A full charge takes just four hours via a Type 1 port and the Californian covers up to 80 miles of range on a single charge. Further details on when the Californian will go on sale in the US, as well as pricing, will follow in the coming weeks.

Electric MOKE Californian Specifications

Range	120 km*
Charge	4 hours
Top speed	80 KM/h
0-55 KM/h	4.3 seconds
Power	33 kW
Battery	LITHIUM-ION
Made exclusively in the UK

*Subject to Worldwide Harmonised Light Vehicle Test Procedure (WTLP) testing

Media

Rachael D’Amore

rachael@talkshopmedia.com

+1519-564-9850

Investor Relations

Dave Gentry

dave@redchip.com

+14074914498

EV Technology Group

Wouter Witvoet

CEO and Chairman of the Board

wouter@evtgroup.com

About EV Technology Group

EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

About MOKE International

MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. The MOKE is a revitalized, re-engineered version of the iconic Mini Moke that was originally designed by the legendary Sir Alec Issigonis, the designer of the 1959 Mini, and launched in 1964. The Mini Moke was created as a low-cost and easy to maintain recreational and utility vehicle, but it quickly gained cult status in fashionable resorts such as the French Riviera and the Caribbean. It has been driven by Beatles, Bridget Bardot and James Bond alike. MOKE International has brought the Mini Moke into the modern age by integrating up-to-date driving technologies, including full electric power, while remaining faithful to the iconic design which made it a global hit in the 1960s. True to its heritage, MOKEs today are engineered and built in Northamptonshire, England. Production takes place at a 500,000sq ft state-of-the-art facility owned and operated by British automotive manufacturing services company, Fablink Group.

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to: the specifications of and consumer demand for the Electric MOKE Californian. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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Accompanying exhibition ‘From Spark to Spirit’ runs from November 3, 2022 – February 4, 2023

RIYADH, Saudi Arabia, Oct. 17, 2022 (GLOBE NEWSWIRE) — Noor Riyadh, the groundbreaking annual festival of light and art, will launch on November 3, 2022 (until 19 November 2022), accompanied by a 3-month art exhibition (November 3, 2022 – February 4, 2023) and dynamic public program.

Following the success of the festival’s inaugural edition in 2021, this edition will see the festival triple in size, with activations in 40 locations across the city of Riyadh. As one of the world’s most ambitious festivals of its kind, Noor Riyadh transforms the city into a dazzling night-time ‘gallery without walls’ across the largest city footprint of any light art festival worldwide. The festival brings together local communities, from families to artists, students, professionals and more, with international audiences from across the globe.

Noor Riyadh’s 2022 theme ‘We Dream of New Horizons’ is centered around a sense of hopefulness for the future, with connotations that are positive, optimistic and reflective of a confidence in renewal and transformation.

The much anticipated second edition showcases over 120 installations by more than 100 Saudi and international artists. The festival is co-curated by Hervé Mikaeloff, Dorothy Di Stefano and Jumana Ghouth. World renowned artists such as teamLab, Daniel Buren, Douglas Gordon and Alicja Kwade will be joined by Saudi talent including Muhannad Shono, Ayman Zedani, Sarah Brahim and Ahaad Alamoudi. The diverse forms of light art on show include immersive site-specific installations, monumental public artworks, ephemeral sculptures, art trails and virtual reality.

Additional highlights include the festival’s accompanying exhibition entitled ‘From Spark to Spirit’, taking place from November 3, 2022 to February 4, 2023 at JAX 03 (JAX District), Riyadh, curated by Neville Wakefield (lead curator) and Gaida AlMogren (associate curator). The exhibition traces the role light plays in shaping our relationship to a world for which light itself has become the signal of change, exploring themes such as the ‘Technologies of Light’, ‘Architectonics of Light’ and ‘Consciousness of Light’. Example artists include Doug Aitken, Zahrah Al Ghamdi, Refik Anadol, Larry Bell, Jim Campbell, John Edmark, Walaa Fadul, Lina Gazzaz, Phillip K. Smith III and Haroon Mirza.

Noor Riyadh was the first of the Riyadh Art programs to launch, inaugurating what is becoming the project’s legacy of transforming Riyadh into a gallery without walls. Comprising of 10 programs, delivering more than 1,000 public art installations across the city created by local and international artists, and supported by two annual festivals, including Noor Riyadh, Riyadh Art is working to transform the Capital into a vibrant, cosmopolitan city and enrich lives through creative joyful experiences, in line with Saudi Arabia’s Vision 2030 goals.

For more information regarding Riyadh Art and Noor Riyadh contact:

Zara Doshi at Pelham Communications zara@pelhamcommunications.com

Anastasia Lander at Pelham Communications anastasia@pelhamcommunications.com

Website: http://noorriyadh.sa

Noor Riyadh is presented by Riyadh Art and Royal Commission for Riyadh City.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/186a80ce-eb09-4521-bc9b-ea9cd43bbb4f

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Amsterdam – 17 October 2022 – Azerion has announced the completion of several acquisitions for an aggregated consideration of approximately €12 million (cash and share consideration). The acquisitions include Vlyby Gmbh, a fast growing ad tech company focused on programmatic video advertising and self-service publisher solutions, as well as a number of asset deals consisting of full monetization solutions for digital publishers in Italy (TakeRate) and France. These acquisitions generated approximately €14 million revenue in 2021.

Atilla Aytekin, co-CEO of Azerion, commented: “Our M&A pipeline remains strong, as demonstrated through this latest round of acquisitions. With every new integration we are delighted to see the Azerion platform growing ever stronger and improving the way we are able to satisfy the needs of our customers and partners. We will continue working actively and selectively on strategic M&A opportunities to complement our organic growth.”

To further enhance its monetization capabilities, Azerion will integrate VlyBy’s advertising technology including a product suite that allows publishers to offer video advertising inventory to multiple demand partners simultaneously, optimize pricing with machine learning and combine high performance video player solutions with self-service management and real-time performing interface.

In addition, the asset deals (including TakeRate) will supplement the Azerion platform with fully managed solutions for publishers, simplifying the process of advertising sales and maximizing ad revenue. The acquired assets are already highly effective in solving publisher challenges, offering features such as fixed revenue guarantees based on page view performance. With these integrations Azerion will reinforce its full monetization offering in Europe and significantly improve its level of support for local customers.

The aggregated paid consideration includes up to approximately 50% cash payment (combination of upfront and deferred payments). The remaining balance is settled through an Azerion ordinary shares consideration, resulting in 785,540 treasury shares being transferred to the selling shareholders. The acquisitions were completed at the end of Q3 2022.

About Azerion
Azerion is a high-growth digital entertainment and media platform. As a content-driven, technology and data company, Azerion serves consumers, digital publishers, advertisers, and game creators globally. Azerion’s integrated platform provides technology solutions to automate the purchase and sale of digital advertising for media buyers and sellers, supported by in-market sales and campaign management teams. Through our technology, content creators, digital publishers and advertisers work with Azerion to reach the millions of people across the globe that play Azerion’s games and view its distributed entertainment content to increase engagement, loyalty, and drive e-commerce.

Founded in 2014 by two Dutch entrepreneurs, Azerion has experienced rapid expansion driven by organic growth and strategic acquisitions. Azerion is headquartered in Amsterdam, the Netherlands and is a publicly traded company listed on Euronext Amsterdam.

For more information visit: www.azerion.com.

Contact
Investor Relations ir@azerion.com

Media press@azerion.com

Anglepoint brings industry leading SAM expertise, speakers to Orlando

ORLANDO, Fla., Oct. 14, 2022 (GLOBE NEWSWIRE) — Anglepoint, the leader in Software Asset Management (SAM) Services for the Global 2000, is participating in the Gartner IT Symposium/Xpo, taking place Oct. 17-20 in Orlando, Florida.

Recently named a leader in the 2022 Gartner® Magic Quadrant for Software Asset Management Managed Services for the third year in a row, Anglepoint will present at the event showcasing its in-depth and wide-ranging experience in SAM Managed Services and demonstrate the critical importance of strong SAM policy for organizations around the world and across industries. To this end, Anglepoint will host the following speaking session including a client testimonial and an evening of networking:

Anglepoint’s Chief Product Officer Kristian Johnson will present alongside Jeffrey West, Senior Vice President of TBM, FinOps, and IT Asset Management at Northern Trust Corporation, one of Anglepoint’s clients. Johnson and West will offer practical, actionable insights for Chief Information Officers to avoid IT waste and drive agile forecasting, with unique insight from both a SAM service provider lens and a client perspective.

• Session Title: Eliminate Your Cloud, Software, and IT Waste
• Time: Oct. 17, 12:10 PM ET
• Location: IT Xpo Stage 3, Pacific

In partnership with Vertosoft and Emergent, Anglepoint will also host a Public Sector SAM focused Networking session. This will offer time to forge connections and discuss best practices for optimizing software applications through purchase, deployment, maintenance, utilization, and disposal of software assets specific to the unique demands of Public Sector agencies.

• Event title: Public Sector SAM Networking Session
• Time: Oct. 19, 6:30-8:30PM ET
• Location: Disney’s Boardwalk Inn, Seabreeze Point
• RSVP: https://www.anglepoint.com/public-sector-networking-event

As a sponsor of the event, Anglepoint will be located in booth #802.

About Gartner IT Symposium/Xpo 

Gartner IT Symposium/Xpo is the world’s most important gathering for CIOs and other IT executives. IT executives rely on these conferences to gain insight into how their organizations can use IT to overcome business challenges and improve operational efficiency. For more information, please visit https://www.gartner.com/en/conferences/na/symposium-us.

About Anglepoint

Anglepoint is the leading provider of SAM & Technology Asset Management services to the Fortune 500 & Global 2000. Anglepoint’s services drive cost optimization, risk mitigation, & strategic planning within the cloud, SaaS, enterprise software & hardware estates of complex hybrid IT environments. We deliver comprehensive managed services including SAM strategy, execution, process automation, and technology selection & implementation.

For media inquiries, please contact: Alison Frederick, Analyst Relations at info@anglepoint.com.

Connect with Anglepoint on LinkedIn, Facebook, Twitter, and at Anglepoint.com.

Contact Information:
Alison Frederick
Analyst Relations Manager
info@anglepoint.com

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Registration is open until October 21 for international companies that wish to participate in the International InvestChile Forum. The 2019 edition brought together organizations from 21 countries with more than $7.2 billion in projects.

SANTIAGO, Chile, Oct. 14, 2022 (GLOBE NEWSWIRE) — The 6th International InvestChile Forum is set to take place in Santiago on Dec. 5-7. This event – the most important of its kind in Chile – will be held in-person for the first time since 2019 and is expected to attract over a hundred multinational companies.

The forum will include a plenary session with 450 attendees, which will be chaired by the President of Chile, Gabriel Boric. Participants with a range of perspectives will discuss the investment situation in a context of uncertainty and global challenges, local prospects for business development, and cases where foreign investment is being used to develop solutions for sustainability and inclusion in Chile.

Among the contributors from Chile who have confirmed their participation are Economy Minister Nicolás Grau, Treasury Minister Mario Marcel, and InvestChile Executive Director Karla Flores. Representatives from Séché Group (France), Aquafil (Italy), Phibion (Australia) and AWS (United States) will also take part. Representatives from the Mining Ministry, Energy Ministry and Public Works Ministry are also expected to participate and will announce investment opportunities within their respective portfolios.

Why should companies apply? 

As part of the event, InvestChile will stage exclusive breakout sessions, where foreign companies will have the opportunity to meet directly with relevant authorities and key players from specific sectors, who will give them first-hand information about the market, public portfolios, projections and country plans for these industries. The sectors that will be addressed are Global Services and Technology, Fintech, Circular Economy, Green Hydrogen and Tourism. A matchmaking session is also planned, where foreign companies will be able to meet potential partners and local suppliers.

“We wanted to include sectors that represent good investment opportunities in Chile, and which require foreign investment to help us take a leap in quality, speed up our development, and enhance the sustainability of our economy, as well as job creation. This is without neglecting the opportunities presented by the more traditional sectors,” stated InvestChile Executive Director Karla Flores.

More than one hundred companies from 21 countries participated in the last in-person edition of the event held in 2019, bringing more than US $7.2 billion in projects and taking part in more than 200 matchmaking meetings.

Foreign companies interested in participating in the activities and B2B meetings in person can apply until October 21 here.

Contact Information:
Claudio Álvarez
Head of Communications at InvestChile
calvarez@investchile.gob.cl

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The 6th International InvestChile Forum will take place in Santiago on December 5, 6 and 7, with a view to strengthening Chile’s position as a foreign investment destination and promoting new high-value sectors.

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NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $32 million loan to Vibrant Cities for a recently completed, eight-story mixed-use residential and retail property located in the Capitol Hill neighborhood of Seattle, Washington.

The 95-unit property, known as Pivot Apartments, received TCO in May, and is 69% leased to date. Additionally, Pivot contains 4,900 square feet of ground floor retail space that is fully leased to Wasabi Sushi, La Cocina Oaxaqueña, and Social Tea. Thirty of the property’s residential units are fully leased for use as short-term rentals to Sonder USA Inc., a boutique hospitality company and short-term rental manager. Located at 1208 Pine Street, Pivot is ideally situated for professionals directly off Interstate 5, within minutes of multiple public transit options, and borders Seattle’s Central Business District, home to Fortune 500 companies and popular Seattle tourist destination, Pike Place Market. The Property participates in Seattle’s Multifamily Tax Exemption Program by designating 20% of the residential units as affordable.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Pivot offers centrally located, flexible short- and long-term living options for Seattle’s robust employment market. We are pleased to further expand our presence in the Pacific Northwest by delivering a customized financing solution to Vibrant Cities, an experienced developer in Seattle with an extensive history of delivering high-quality multifamily properties.”

Ming Fung, Co-Founder and President of Vibrant Cities, added, “Madison Realty Capital’s team deeply understood our vision for Pivot Apartments and its place within Seattle’s most dense and hippest neighborhood located within walking distance to the core of downtown Seattle. Their reputation for professionalism and certainty of execution made them the best choice to complete this exciting new development in Seattle’s Capitol Hill.”

Pivot contains a unit mix of studio, one-, and two-bedroom residences with modern interiors, high-efficiency HVAC systems, LED light fixtures, and built-in closets, with some units offering private balconies and in-unit washer/dryers. Community amenities include an outdoor deck, parking garage, bike storage, on-site office, and fitness center for both long-term and short-term tenants.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been named to Commercial Observer’s prestigious “Power 100” list of New York City real estate players. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

CALGARY, Alberta, Oct. 14, 2022 (GLOBE NEWSWIRE) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce that Chubu Electric Power Co., Inc. (“CHUBU”) has entered an agreement to make a direct investment in Eavor and support the commercialization of Eavor-Loop technology.

Along with CHUBU’s investment they will have a representative on Eavor’s Board of Directors. CHUBU’s presence and influence will be of paramount importance as Eavor completes first projects and enters its global commercialization phase.

The Eavor-Loop system differs from conventional geothermal solutions as it uses conduction to retrieve heat from the earth’s subsurface, resulting in a long-term, reliable, predictable and independent supply of renewable energy. This completely closed loop system provides a highly scalable source of heat and power without the typical exploration risk.

Mr. Hiroki Sato, Senior Executive Managing Officer at CHUBU, commented: “A technology such as this is a true game-changer and represents a potential transformation to the world’s energy stack, addresses climate change as well as energy autonomy and independence issues simultaneously. CHUBU is excited to be working with Eavor and supporting a solution to some of the world’s most intractable problems. This is an important strategic step for CHUBU fully aligned with our Management Vision 2.0 which defines CHUBU’s efforts to achieve sustainable growth.”

John Redfern, President & CEO at Eavor, stated that: “The opportunity and plan for global deployment of this technology requires partners like CHUBU. The involvement of CHUBU as one of our partners and Board members represents a fantastic endorsement of our technology, its commercialization and global scalability. Ultimately, when it lives up to its potential, Eavor’s solution is not only the missing element needed to fully decarbonize the world’s energy supply, it is also an opportunity for localized economies to obtain resilient, independent, autonomous, domestic energy resources. This changes everything.”

Watch Our New Video: Eavor – The Complete Package: https://youtu.be/3cNO2cR5Azk

About CHUBU Electric Power Co., Inc.

CHUBU is one of the largest energy companies in Japan, listed on the Tokyo Stock Exchange (TSE:9502). CHUBU Group has more than seven decades history consisting of energy value chain which includes power generation, power transmission/distribution and energy retail business. Aiming for a decarbonized energy company, CHUBU is expanding its business territory on a global basis with the optimal business portfolio, which consists of four domains of (i) “green” business centered on renewable energy, (ii) “blue” business in relation to de-carbonization, (iii) “retail, power transmission and distribution, and new services” and (iv) “new technologies”. CHUBU is promoting decarbonizing business to create a synergy between domestic business in Japan and global business to enhance its corporate value. For more details, please visit https://www.chuden.co.jp/english/

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, BDC Capital and CHUBU. info@eavor.com

Contact Data

Eavor Technologies Inc.
John Redfern
President & CEO
John.Redfern@eavor.com
Tel: +1-650-269-2501