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Mads Nipper: In the long run, sustainable business models will be successful and create business opportunities Dubai, United Arab Emirates-Sunday, December 24th 2017 [ AETOS Wire ] Grundfos, the award-winning world leader in advanced pump solutions, took part with a keynote speech in the District Energy Systems for a Sustainable and Energy Efficient Future Conference 2017. The event, co-organized by the Danish Board of District Heating and the Trade Council of Denmarkin Turkey, was held on November 29 at the Swissôtel the Bosphorus, Istanbul. B2B meetings and roundtables explored market opportunities within the district energy sector in Turkey and best practice cases from Denmark, for a sustainable and energy efficient future and city transformation. In his speech, by which he tackled the “New Role of Business in Society”, Mads Nipper, Chief Executive Officer and Group President of Grundfos Holding A/S, focused on sustainability and business responsibility. “Running a sustainable b ... Read more »
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Dubai, United Arab Emirates-Sunday, December 24th 2017 [ AETOS Wire ] Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on a mezzanine lending opportunity in the United States, as part of the launch of a new strategy focusing on investments into debt structures. This first investment utilizes the innovative Property Development Certificate (“PDC”) instrument, which is an amortizing mezzanine loan, and has been structured in a Sharia-compliant manner. This first PDC finances the acquisition of a portfolio comprising three multifamily properties (“Portfolio”), consisting of 399 apartments located in Jackson, Mississippi, USA. The properties currently have an average occupancy of over 90%, and are rented just below market rates. The borrower is a specialist multifamily asset management company that is providing the equity to acquire the Portfolio, and has previously im ... Read more »
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COLOMBES, France-Friday, December 22nd 2017 [ AETOS Wire ] (BUSINESS WIRE) -- At the Trophées des cartes innovantes 2017 card innovation awards, e-money and payment professionals awarded the trophy for most innovative technology in the “Security - Identity - Authentication” category for the F.CODE Comfort biometric payment card to IDEMIA, the global leader in trusted identities for an increasingly digital world, and Groupement des Cartes Bancaires CB. As the number of contactless card payments continues to grow1, IDEMIA devised F.CODE Comfort, the card that uses biometric fingerprints to identify its holder, thus opening the way to raising the limit on contactless payments currently set at €30 per transaction on the French market. F.CODE Comfort is equipped with an integrated digital fingerprint reader providing instant authentication of the cardholder on each contactless payment. This cutting-edge technology, thoroughly tested in the Lab by CB, received the accolade of e-money and ... Read more »
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Company’s state-of-the-art motors and drives ensure safety and reliability on record-setting gondola system for Germany’s highest mountain ZURICH -Friday, December 22nd 2017 [ AETOS Wire ] (BUSINESS WIRE)-- Long queues waiting to ascend Germany’s tallest mountain may now be history. And that is not the only thing historical about the new ABB-powered cable car system that opened today and can take as many as 580 passengers an hour to the Zugspitze, the Bavarian Alps peak that is Germany’s highest. The cableway breaks three world records for a pendular, or hanging, cable car system: at 127 meters, its steel column is the tallest, with 1,950 meters it overcomes the highest elevation difference and with a total run of 3,213 meters from base station to peak, it has the longest span. The system replaces the 50-year-old Eibsee cableway and will help overcome the Eibsee’s notoriously long waiting times by transporting nearly three times the number of passengers per hour. Making the reco ... Read more »
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• Estonia station – first to utilize Proton PEM electrolysers with H2Station® fueling solutions in Europe • Akershus stations – vital links in Norway’s hydrogen fueling network WALLINGFORD, Conn.-Friday, December 22nd 2017 [ AETOS Wire ] (BUSINESS WIRE) -- Nel Hydrogen Solutions, a division of Nel ASA (Nel, OSE:NEL), has received $7.71 million in contracts for three hydrogen fueling stations. The first station will continue the success of combining Proton PEM Electrolysis with a Nel H2Station®, and follows the $8.3 million contract announced in September for Sunline Transit Agency in California. This Proton PEM Electrolysis/Nel H2Station® fueling solution will be built for NT Bene in Pärnu, Estonia and will have a hydrogen capacity greater than 400kg/day. In addition, Uno-X Hydrogen AS, a Nel ASA joint venture, has been awarded a grant from Enova SF, for two hydrogen fueling stations in Akershus, Norway. “We are pleased to make a first sale of using Proton PEM Electrolysis combi ... Read more »
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ISTANBUL-Tuesday, December 19th 2017 [ AETOS Wire ] (BUSINESS WIRE)-- The 8th annual Self-Organising Networks (SON) World was held in London on 16-18 October 2017. The event is the foremost gathering for the network optimization industry and mobile operators. In recognition of the successful automated network optimization project, Turkcell and P.I. Works received the “Leading Contribution to SON” award. Turkcell deployed P.I. Works uSON, the award winning centralized SON platform, to automate the most critical network management activities with significant impact on service quality. 23 SON modules have been activated nation-wide in a very short time-frame. P.I. Works solution uses adaptive algorithms and correlates network and customer experience management data to provide the best set of improvement actions. Turkcell Executive Vice President, Network Technologies Gediz Sezgin said “This award is a proof of the successful work carried out by both Turkcell and P.I. Works teams. By de ... Read more »
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NEW YORK-Saturday, December 23rd 2017 [ AETOS Wire ] (BUSINESS WIRE) -- First Eagle Investment Management (“First Eagle”) today announced that it has completed its previously announced acquisition of NewStar Financial Inc. (NASDAQ:NEWS) ("NewStar”), an established lender and investment manager specializing in direct lending to middle-market companies and management of broadly syndicated loans. NewStar’s credit platform and investment teams now form the alternative credit group of First Eagle. “We are very pleased to add NewStar, a high-quality alternative credit manager that will broaden our investment lineup for both institutional and retail investors,” said Mehdi Mahmud, president and chief executive officer of First Eagle Investment Management. “NewStar has a track record of prudent lending that dates back to before the global financial crisis of 2007-2008. Given where we are in the credit cycle, we think thoughtful investors will find NewStar’s approach compelling. We look forwar ... Read more »
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