News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

38-Year Printing Business Avante Print Center Converts to International Minute Press Franchise in Mesa, Arizona

Minuteman Press International Inc

For nearly 38 years, Carl Denti and his family operated their independent print shop Avante Print Center. In Feb. 2022, Carl sold the business to new owners Devin and John Weiss through Minuteman Press International’s conversion program, which connects sellers with qualified buyers. Carl says, “It was time for me to join my wife Patricia in retirement and I think the transition to International Minute Press has gone very well. I needed to like the people who bought the business and Devin and John are great. My daughter Renee has stayed on working in the business and we also have employees with 25 years of tenure, so it was important for us to be comfortable with everything.” Devin and John have rebranded as International Minute Press in Mesa, AZ, and are operating out of the same location at 218 West Hampton Avenue, Unit 13 that was home to Avante Print Center. Devin says, “We believe owning a business gives us a real sense of pride. By purchasing this established business, we strive to honor our clients, our community, and our staff with continued personalized service and outstanding support.” History of the Business On March 27 th, 1984, Carl Denti and his wife Patricia opened Avante Print Center in Mesa. Carl shares, “I had owned a previous business in Kansas City that I sold. We moved to Arizona and at that time I decided to invest in another business. I told my accountant I didn’t want anything in credit collections (which I did for 15 years) and I didn’t want to own a food-related business. One of the things he came up with was printing.” He adds, “Patricia was very influential in having us go into the printing industry as well. She previously had worked for Hallmark in Kansas City doing calligraphy, and she wanted something we could do together. In our first full year in business together, we made a 39.8% profit.” While printing proved to be a viable business for Carl and Patricia, he also appreciated the freedom it afforded him to pursue other passions. Carl says, “From 1992 – 2021, I also served as the pastor of a church in Arizona, which I never really considered to be work plus it didn’t really pay the bills. Printing was an easy business to market and sell, and I felt it had easier customer acquisition than other industries.” Over the years, Avante Print Center became a second-generation family business. Carl explains, “Patricia and I worked together in the business until she retired a few years ago, and my daughter Renee also worked with us and is still working in the business today even after it was sold.” Growing the Business For the 37-plus years he was in business, Carl operated on four key principles. He says, “No matter what business you own, for me the principles never change. We built Avante Print Center following these principles: Customer service was the apex. We decided that no one would out-service us. When we said we were going to do something, we did it. My goal was to get at least 98% (if not 100%) of all jobs out on time and done right. My definition of quality is that the job has to be accepted by the customer, that they will be happy with it and order it again, and that they will tell someone about the work that we did and refer our business. You have to be able to go after the market and you have to sell. One of the problems people run into when starting a business is that their goal is to simply unlock their doors. Instead, your goal needs to be to make a profit, which takes a lot more than turning the key and turning on lights. Know your numbers and live by your numbers. It’s as simple as that.” Selling the Business While Carl was thinking of retiring at some point, he actually wasn’t actively pursuing a sale of his printing business. He explains, “I did not have the business listed for sale but I’ve known Jack Panzer (Minuteman Press International Regional Vice President) for approximately eight years. When I received a letter and flyer in the mail that Jack could help sell my business, I thought that was very smart of Minuteman Press International do reach out. Jack was very laid back whenever we spoke, and he was always open and honest along with being knowledgeable about the industry.” At the beginning of 2021, the timing was right. Carl shares, “In January 2021, Jack approached me with a qualified buyer that he thought could be a fit for my shop. I told him what it would cost if someone wants to buy our business. I also consulted with my daughter Renee, who decided she didn’t want to take over the business. We started the sales process in March 2021 and it was finished by Feb. 2022.” As for the transition to the new owners, Carl says, “I think the transition has gone very well. I needed to like the people who bought the business and Devin and John Weiss are great. Renee has stayed on working in the business and we also have employees with 25 years of tenure, so it was important for us to be comfortable with everything.” “Jack Panzer is a terrific guy from top to bottom. He’s very transparent and open as is the team at Minuteman Press International. I don’t think there’s a better way to sell your business and here’s why: 1. You’re not paying any commission; 2. You’re working with a well-established 45-year company in Minuteman Press International; and 3. Your buyer is going to have a much better chance of succeeding with the support they are getting. If they succeed, then your employees will be taken care of… and that really means a lot to us.” -Carl Denti, Retiring Owner, Avante Print Center (now International Minute Press, Mesa, AZ Meet the New Owners Devin and John Weiss are no strangers to owning a business. Devin says, “ John and I have owned several diverse businesses but most recently I owned a dance studio for 25 years. When John and I met approximately 10 years ago, we started a business together shortly after, that we continue to operate.” When the opportunity came to buy an established business while also receiving additional support, Devin says, “Honestly, it was a no brainer. We had planned to open an International Minute Press in the area in 2020, just before the pandemic hit. A year and a half later, our Regional VP Jack Panzer, reached out with this opportunity to buy Avante Print Center and convert it to International Minute Press. It was such a great opportunity that we couldn’t pass it up!” When asked why they chose franchising, Devin answers, “We have looked at other businesses and franchises, and were completely impressed with Minuteman Press International by comparison. The amount of hands-on guidance and support are second-to-none. In the past, we have always done businesses independently, and having the support of this franchise in particular was a great draw.” “Jack Panzer and his team were with us every step of the way; they made the sale as easy as it could be. Since buying the business, the support has been great. From the training to the in-store training with the local field staff, it has superseded our expectations in every way. Their patience and knowledge gave us the confidence we needed to enter a new industry for us.” -Devin Weiss, Owner, International Minute Press, Mesa, AZ (formerly Avante Print Center) Entering the Printing Industry Now that Devin and John are operating their business, they are excited to hit the ground running and continue the legacy that Carl and family started. Devin says, “We believe owning a business gives you a sense of pride. By purchasing an established business, we strive to honor our clients, our community, and our staff with continued outstanding service and support.” As a full-service printing and marketing services provider, Devin and John are excited to help other local businesses and organizations with virtually everything they need to operate and promote themselves. Devin says, “Wide format printing is especially exciting right now. There is such a wide variety of custom printed products that we can provide to our clients – we haven’t found anything we can’t do yet in-house or with the help of our franchisor and vendors.” As she reflects on owning a business vs. having a job, one word comes to mind for Devin: “Freedom!” She elaborates, While you have to put in many hours as the owner of a business, they are on your own schedule and with your own priorities. You decide what your life entails every day, and we wouldn’t trade that for the world! We love to travel and the freedom makes that possible.” Advice for Others Devin shares this advice for others who are looking to buy a business right now: “Do your due diligence. A positive attitude is a must. Survey other business owners about their experiences, both good and bad. There is a lot of preparation that goes into buying a business, and having a successful franchise to guide you is a great option. Ultimately, no matter how prepared you are, it is a learning experience!” International Minute Press is located at 218 West Hampton Avenue, Unit 13; Mesa, AZ 85210. For more information, call 480-969-4888 or visit https://minuteman.com/us/locations/az/mesa21. Learn more about #1 rated Minuteman Press International franchise opportunities at https://minutemanpressfranchise.com. To find out how to sell your printing business through Minuteman Press International, visit https://bit.ly/minutemanpressconversions. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

April 19, 2022 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

National Marrow Donor Program®/Be The Match® Implements Comcast Business Wavelength Services to Help Match Cancer Patients With Donors

Comcast Twin Cities

Comcast Business today announced that it is providing the National Marrow Donor Program® (NMDP)/Be The Match®, the leading global leader working to save lives through cellular therapy with a 10 Gbps optical wavelength service. The high-capacity, low-latency network solution will help Be The Match strengthen network performance, keeping its clients and employees connected, and in turn helping to ensure that transplant donors are connected to patients in need. Be The Match provides patients access to more than 39 million donors worldwide who step up to donate their marrow or blood stem cells. By connecting patients with donors and delivering life-saving cells to them, Be The Match provides cures to patients with life-threatening blood cancers and 75 blood diseases. The organization continues to lead the way in developing new cellular therapies, and in improving transplant accessibility and outcomes. Conducting this life-saving research while supporting and connecting patients to the resources they need requires a high-bandwidth, low-latency network connection. “Our network is becoming more critical, especially as we move to the cloud. If our systems aren’t available, people’s lives could be at stake,” said Robert Hanson, Vice President, Information Security, Infrastructure and Architecture, at Be The Match. “Comcast Business’ network performance has been seamless.” Comcast Business Wavelength Services deliver superior connectivity over a dense wave division multiplexing (DWDM) optical transport network with high levels of performance. Wavelength technology provides users with the ability to transport both Ethernet and non-Ethernet protocols. The point-to-point optical fiber network helps deliver data across several of Be The Match’s locations, including its headquarters in Minneapolis, its branch offices and its data center location. Since implementing Comcast Business’ services, Be The Match has been able to continue supporting patients across its various locations without concerns over network connectivity. Additionally, the reliable and fast network connections help position the organization for rising bandwidth demands and network growth, setting it up to serve its clients into the future. “To stay swift and competitive, businesses across industries continue to incorporate cloud and data center operations into their daily functions. With this will come the need for networking technology that can not only support the shifts in business today, but the continually rising bandwidth needs that the future demands,” said Wolfgang Lewis, Vice President for Comcast Business, Twin Cities Region. “Comcast Business is proud to support National Marrow Donor Program/Be The Match with its network services and do its part in making a difference in our communities.” About Comcast Business Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. About National Marrow Donor Program®(NMDP)/Be The Match® The National Marrow Donor Program®(NMDP)/Be The Match® is the leading global partner working to save lives through cellular therapy. With more than 30 years of experience managing the most diverse registry of potential unrelated blood stem cell donors and cord blood units in the world, NMDP/Be The Match is a proven partner in providing cures to patients with life-threatening blood and marrow cancers and diseases. Through their global network, they connect centers and patients to their best cell therapy option—from blood stem cell transplant to a next-generation therapy—and collaborate with cell and gene therapy companies to support therapy development and delivery through Be The Match BioTherapies®. NMDP/Be The Match is a tireless advocate for the cell therapy community, working with hematologists/oncologists to remove barriers to consultation and treatment, and supporting patients through no-cost programs to eliminate non-medical obstacles to cell therapy. In addition, they are a global leader in research through the CIBMTR®(Center for International Blood and Marrow Transplant Research®)—a collaboration with Medical College of Wisconsin, investing in and managing research studies that improve patient outcomes and advance the future of care. Contact Details Comcast Jill Hornbacher Jill_Hornbacher@comcast.com Finn Partners Chloe Huard chloe.huard@finnpartners.com Company Website https://twincities.comcast.com/

April 19, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Maple Bridging Digital Divide For Students And Educators

Maple

Maple, a provider of reliable, remote online access for students and educators, announced its fully portable and pocket-sized WiFi hotspot connectivity solution will be available to schools and libraries as a new Emergency Connectivity Fund (ECF) application window opens. The Federal Communications Commission's ECF program provides more than $7 billion to meet remote learning needs. Maple leaders encourage schools to obtain their learning solutions by utilizing the third ECF opportunity launching on April 28, 2022. Maple technology provides students and educators with online connection by utilizing a pocket-sized router with a fast and reliable network connection. The ease of use, superior connectivity, security, and 24/7 bilingual technical support, make Maple a well-received partner of school systems in the United States and globally. "Maple provides a safe and reliable solution that unlocks opportunities and bridges the digital divide for students. Our technology solutions support learning in the classroom, at home, and in the community, giving students safe access to the internet," explained Michelle Mirshokri, Vice President at Maple. "Our school partners appreciate the customized settings available that include restrictions on web surfing, geolocation, and verification options that ensure students have safe experiences learning online." Conventional and “legacy” hotspots lack features school districts need, creating logistical challenges and added costs. Maple technologies are superior, providing unique benefits more desirable for schools in managing and students in utilizing. The cloud management capabilities allow for ease of tracking (making it nearly impossible to lose devices). The remote monitoring and shutdown features ensure students use the technology properly and lost/stolen equipment is promptly deactivated (messages on how to return devices are also displayed on the hostspot’s digital screen). Most importantly, Maple hotspots feature a proprietary and patented SIM management technology, that prevents disruptions in service as devices can switch seamlessly between mobile carrier networks to provide an optimal signal at all times. There are no SIMs in devices to remove or lose, saving schools time and money associated with the management and logistics of their fleets. Any changes to access or service, including website restrictions, are implemented remotely. The security, quality of connection, and cloud management are unparalleled. Schools may use the funds they secure through the ECF program to procure Maple's technology. A new application window opens from April 28 through May 13, where schools may request 100% funding for student connectivity needs. Maple also provides schools with a white-glove service, with end-to-end assistance on everything from government funding applications to hardware setup and device deployment. "We are proud to play a role in supporting students as virtual learning continues to open doors for more opportunities and experiences," Mirshokri continued. "We hope to help thousands more access a reliable, high-speed connection suitable for online learning.” Representatives from Beth Rivkah Colleges described their experience with Maple stating, "With Maple devices, we're able to provide portable internet devices to all of our students in need. This aids us in ensuring that no child falls behind and misses out on vital learning with their teachers and peers and allows them to remain connected." "The Maple team is pleased to assist schools with the ECF application process. The opportunity to provide internet access to all students is too important to pass up," Mirshokri said. "Remote and hybrid learning is here to stay, and Maple hotspots are the great equalizer in bridging access for so many." About Maple Maple provides trusted technology solutions for schools, students, and libraries that close the bridge divide by delivering high-quality internet access that unlocks valuable educational experiences for students. Please visit https://www.mapleconnect.co/. ### For more information or to schedule an interview with a Maple spokesperson please contact Dan Rene of kglobal, at daniel.rene@kglobal.com or 202-329-8357. Contact Details kglobal Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.mapleconnect.co/

April 18, 2022 12:00 PM Eastern Daylight Time

Article thumbnail News Release

Agora Data Named as NIADA National Corporate Partner

Agora

Agora Data, whose suite of resources empowers independent auto dealers and finance companies to finance more non-prime customers, continues as a National Corporate Partner by the National Independent Automobile Dealers Association (NIADA). Agora is committed to leveling the playing field for non-prime auto loan originators, a market that has long been underserved and underbanked. The company plans to offer NIADA's 20,000 independent dealers the same advantages typically reserved for big franchise operations. For example, Agora made history with the first-ever crowdsourced subprime securitizations in the auto industry. They were completed in December 2020 and May 2021, and more securitizations are underway. Agora also recently unveiled the first-ever reducing interest rate line of credit. These new offerings pave the way to an unlimited borrowing capacity, the lowest interest rates, and the highest advances without requiring personal guarantees. The company combines its innovative financial solutions with a groundbreaking technology platform that calculates the book value of non-prime auto loans. Dealers and finance companies can now determine the value of their portfolios using Agora's patent pending predictive modeling. With this information, dealers can track the performance of their portfolios and optimize the capital they need to fuel growth by using a line of credit or by opportunistically selling a portion of their loans. "A single objective drives Agora - to remove the barriers dealers and finance companies face when attempting to access needed capital." said Steve Burke, CEO of Agora Data, Inc. "As a former Buy Here Pay Here dealer, I know firsthand how tough this industry can be for even the brightest entrepreneurs. It is amazing how auto loan originators can grow when the odds are stacked against them, so imagine what they can accomplish if these obstacles are removed." NIADA has been supporting independent dealers for 75 years, so it is the perfect fit for a strategic industry partner, says Burke. "NIADA built its reputation on connecting dealers with the most effective solutions providers in our industry. Agora is honored to continue being counted among those trailblazers." Agora Data will be attending and exhibiting at the upcoming NIADA Convention & Expo being held June 20-23, 2022, at the MGM Grand Las Vegas. The company plans to announce and demonstrate many innovative advancements, all designed to fuel growth for dealers and finance companies. About Agora Data, Inc: Agora Data's platform delivers a suite of tools to empower independent auto dealers and finance companies to finance non-prime customers. Agora's family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth, compete, and build wealth. Powered by patent pending technology, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolios. Agora Data made history by closing the first-ever crowdsourced subprime auto securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

April 18, 2022 09:03 AM Eastern Daylight Time

Article thumbnail News Release

G Medical Innovations Holdings Ltd Announces $7.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules

G Medical Innovations Holdings

TEL AVIV and NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- G Medical Innovations Holdings Ltd. (NASDAQ:GMVD) (the "Company"), a telehealth, medical device, and remote patient monitoring company providing clinical-grade solutions for consumers, medical professionals, and healthcare institutions, today announced that it has entered into a definitive agreement with a single healthcare-focused institutional investor to purchase 5,000,000 ordinary shares (or ordinary shares equivalents) in a private placement priced at-the-market under Nasdaq rules. The Company will also issue to the investor warrants to purchase up to an aggregate of 6,250,000 ordinary shares. The purchase price for one ordinary share and one warrant to purchase one ordinary share is $1.50. The warrants have an exercise price of $1.50 per ordinary share, will be immediately exercisable, and will expire five years from issuance. A.G.P./Alliance Global Partners is acting as the sole placement agent for offering. The gross proceeds from the private placement are expected to be $7.5 million before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for the repayment of existing debt and working capital purposes. The private placement is expected to close on or about April 20, 2022, subject to the satisfaction of customary closing conditions. The Company also has agreed that certain warrants to purchase an aggregate of 2,400,000 ordinary shares of the Company that were issued to the investor in February 2022 will be amended to have a reduced exercise price of $1.50 per ordinary share. The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Under an agreement with the investors, the Company agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") covering the resale of the ordinary shares to be issued to the investors (including the ordinary shares issuable upon the exercise of the warrants) no later than 30 days after the closing and to use commercially reasonable efforts to have the registration statement declared effective as promptly as practical thereafter, and in any event no later than 60 days in the event of a "full review" by the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About G Medical Innovations G Medical Innovations Holdings Ltd. is an early commercial stage healthcare company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease (or CVD), pulmonary disease and diabetes. The Company’s current product lines consist of its Prizma medical device (or Prizma), a clinical grade device that can transform almost any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography (or ECG) data continuously, including its QT Syndrome Prolongation Detection Capabilities Patch. In addition, the Company is developing its Wireless Vital Signs Monitoring System (or VSMS), which is expected to provide full, continuous, and real time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of Independent Diagnostic Testing Facility (or IDTF) monitoring services and private monitoring services. Visit https://gmedinnovations.com/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, G Medical is using forward-looking statements when it discusses the closing of the private placement and the expected use of proceeds. Because such statements deal with future events and are based on G Medical’s current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of G Medical could differ materially from those described in or implied by the statements in this press release. The forward looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in G Medical’s prospectus filed pursuant to Rule 424(b)(4), filed with the Securities and Exchange Commission (“SEC”) on June 28, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, the companies undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. G Medical and McDade Products are not responsible for the contents of third-party websites. Contact Details G Medical Innovations Kobi Ben-Efraim, CFO +972 8-958-4777 Kobi@gmedinnovations.com Company Website https://gmedinnovations.com/

April 18, 2022 07:00 AM Eastern Daylight Time

Article thumbnail News Release

Peninsula Fiber Network Continues to Grow Marquette Office

Peninsula Fiber Network, LLC

Peninsula Fiber Network, LLC (PFN), a leading provider of fiber optic-based telecommunications and Next Generation 911 services throughout Michigan, Wisconsin, and parts of Minnesota today announced the addition of Emily Poirier and Valerie Lamarche to its corporate engineering team based in Marquette. Poirier joins PFN as Project Coordinator overseeing the delivery of fiber optic network services to its growing base of customers. She is a Summa Cum Laude graduate from Northern Michigan University with a Bachelor of Science degree in Business Management. She was the recipient of the Outstanding Graduate in the College of Business award. She and her husband Scott reside in Ishpeming. Lamarche joins PFN as Order Entry Specialist responsible for supporting PFN’s sales team. She brings 8 years of experience in the medical field and holds an Associate Degree is Office System and Medical Office administration. She is a typical Yooper enjoying the outdoors and remaining active. PFN has been exceptionally busy hiring new employees as its business continues to grow at a rapid pace. The hiring of Emily and Valerie represents 16 new hires since 2021. Todd Proehl, Director-Technical Operations, stated, “PFN continues to be blessed attracting and hiring talented employees. Emily and Valerie bring significant skills to PFN and we welcome their addition to our team.” Valerie Lamarche Lamarche is an 8-year veteran of the medical field joining PFN as Order Entry Specialist. She holds an Associate Degree in Office Systems and Medical Office administration. Valerie recently relocated to Marquette and enjoys mountain biking, fat tire biking, snow shoeing, four wheeling, and running. Emily Poirier Poirier joins PFN after successful roles in medical, insurance, and higher education. She is a Summa Cum Laude graduate of Northern Michigan University with a Bachelor of Science degree in Business Management. She was recognized as the recipient of the Outstanding Graduate in the College of Business. Poirier and her husband Scott residence in Ishpeming and enjoy reading, kayaking, and biking. Contact Details Peninsula Fiber Network, LLC (PFN) Scott Randall, General Manager +1 906-232-1012 srandall@pfnllc.net Company Website https://www.pfnllc.net/

April 18, 2022 05:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

NexWafe Closes Series C Investment Round

NexWafe

NexWafe GmbH (NexWafe) today announced it completed its Series C investment round with a second close completed in December 2021 led by one of Germany’s largest family offices. Including the second close, the Series C financing totals 39M Euros and will be used to complete product and technology development for NexWafe’s solar photovoltaic products on prototype lines in Freiburg. “NexWafe is accelerating the renewable energy transition with more efficient, lower cost, greener solar wafer technology for photovoltaic manufacturers globally, including strategic partners committed to gigawatt scale implementation of NexWafe epitaxial wafer production,” said Davor Sutija, CEO of NexWafe. NexWafe is creating processes to develop and produce monocrystalline silicon wafers directly from inexpensive raw materials, going directly from the gas phase to finished wafers. This unique, patented wafer manufacturing solution simplifies polysilicon production and reduces energy use and production time. The result is drastically lowered production costs. NexWafe is a member of the Ultra Low-Carbon Solar Alliance, Solar Power Europe and the European Solar Manufacturing Council. Investors joining NexWafe’s Series C growth round’s second close also include Ecosummit, an investment group that advises smart green startups on fundraising and strategy. Investors in the first close of the Series C Round include Reliance Industries Limited, InnoEnergy, HEMMA Group, Saudi Aramco Energy Ventures and others. At an extraordinary general meeting of shareholders in January, a new NexWafe board was elected, including Chairman Bart Markus, deep-tech investor and former General Partner of Wellington Partners; and Directors Marina Groenberg, Managing Director, Hemma Group; Thomas Koerner, Vice President, Canadian Solar; Sanjay Mashruwala, President of Reliance Industries Ltd., and Bruce Niven, Chief Investment Officer at Saudi Aramco Energy Ventures. About NexWafe GmbH NexWafe GmbH designs, develops and pilots a proprietary process to produce ultra-thin, high efficiency,monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. Fullycompatible with conventional solar cell manufacturing, NexWafe offers a 70% reduction in carbondioxide emissions during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturingprocess also minimizes waste, resulting in wafers that are 30% less expensive than conventional wafers.NexWafe’s in-line, ultra-scalable process shatters cost down roadmap barriers and inherently supportsthe industry’s extraordinary growth as the transition to solar power accelerates worldwide. Thecompany was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015. For moreinformation, please visit https://www.nexwafe.com and follow us on LinkedIn and Twitter. Contact Details Jenna Beaucage +1 508-340-6851 nexwafe@rainierco.com Company Website https://www.nexwafe.com

April 14, 2022 11:59 AM Eastern Daylight Time

Article thumbnail Digital Asset Direct

Phunware's PhunToken now available on the Uniswap decentralized crypto exchange

Phunware Inc

Contact Details Proactive Admin action@proactiveinvestors.com Company Website https://www.proactiveinvestors.com

April 14, 2022 10:56 AM Eastern Daylight Time

Video
Article thumbnail News Release

IMA Financial Group Introduces Advanced Industries Practice

IMA Financial

IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, insurance and wholesale brokerage, announced its Advanced Industries practice, demonstrating its commitment to serving industry sectors with increasingly complex risk profiles. The practice will offer new risk management services and insurance products to four key industry verticals: technology, life sciences, advanced manufacturing and digital risk. “As the industry evolves, so does IMA,” said Mark Ware, Advanced Industries National Practice Leader. “Our clients are at the forefront of change, thanks to remarkable innovation and courage, so we’ve assembled a robust practice of experts that can navigate today’s complex insurance market and look into the future to manage tomorrow’s increasing risks.” Ware, a 30-plus year insurance veteran and former chair of TechAssure, will oversee a team of insurance professionals highly experienced in sophisticated segments such as biopharma, cleantech, medical disposables and advanced manufacturing, along with unmatched expertise in the emerging segments of decentralized finance (DeFi), cryptocurrency and non-fungible tokens (NFT). “In the first two months of 2022, we added DeFi clients representing more than $250M in insurance premium,” reported Garrett Droege, IMA Financial Group Director of Innovation + Strategy. “We are responding to this success by offering a full suite of services to clientele with similarly complex risk profiles.” Droege, who joined IMA in 2021, has been seated at the intersection of technology and risk management for more than 15 years, including as Executive Director of TechAssure, an association of insurance brokers specializing in technology-related risks. His hire, and today’s announcement, are part of IMA’s long-term strategy to drive the future of insurance. In March, the company entered the metaverse with the digital ecosystem’s first insurance research and development facility and announced a partnership with The Institutes RiskStream Collaborative® to unlock the potential of blockchain in risk management and insurance. In 2021, it formed IMA Invest, a start-up-focused fund investing in insurtech, technology that solves problems for the trillion-dollar insurance industry. “We’ve taken bold steps,” said Ware. “But this is just the beginning of our efforts to protect the world’s most innovative companies and advance the industry.” About IMA Financial Group Based in North America, IMA Financial Group, Inc. is an integrated financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is employee-owned, its more than 1,800 associates are empowered to provide customized solutions for their clients’ unique needs. Contact Details Alexandra Campbell +1 720-989-3530 Alexandra@centerreachcommunication.com Company Website https://imacorp.com/

April 14, 2022 10:19 AM Eastern Daylight Time

1 ... 475476477478479 ... 642