SOMERSET, N.J. – January 26, 2023 – Catalent, the leader in enabling the development and supply of better treatments for patients worldwide, today announced the opening of a new commercial-scale plasmid DNA (pDNA) manufacturing facility at its European center of excellence for cell therapies, in Gosselies, Belgium.
The state-of-the-art facility contains over 12,000 square feet (1,100 square meters) of development and manufacturing space across multiple cleanrooms for the dedicated production of CGMP-grade pDNA for clinical and commercial-phase supply. It has been designed to be EMA and FDA compliant to support customers with requirements for high-yielding processes at 50 and 300-liter fermentation scale. This will enable a wide range of batch sizes from milligram to multi gram scale.
At the new facility, Catalent will also produce a new range of ‘off-the-shelf’ plasmids to support cell and gene companies. These include adeno-associated virus (AAV) pHelper, which is available now, and Rep/Cap AAV2 and AAV5 plasmids, which will be available later this quarter. Rep/Cap AAV serotypes 1, 3, 6 and 10 will be available later this year.
This commercial-scale pDNA facility is the latest addition to Catalent’s Gosselies campus, which provides comprehensive services for all stages of cell and gene therapy development, including process and analytical development laboratories, technical transfer services, CGMP cleanrooms for manufacturing, dedicated quality control laboratories, Qualified Person (QP), as well as warehousing and logistics support.
“Catalent enables fully integrated viral vector and mRNA services-from our pDNA expertise in Gosselies, to clinical and commercial production of viral vectors for gene therapy, cell therapy, and mRNA in our network-providing critical supply chain continuity and a single CDMO partner from lead identification to commercial manufacturing,” said Manja Boerman, Ph.D., Catalent’s President, BioModalities (Cell, Gene and Protein Therapies). “Plasmid DNA is a critical component to many biological therapeutics, and Catalent has made this investment in additional manufacturing capacity in anticipation of supporting the growing number of programs through development towards commercialization.”
In December 2022, Catalent opened one of the world’s largest cell therapy commercial manufacturing facilities, also located on the Gosselies campus. The facility houses 60,000 square feet (5,600 square meters) of dedicated cell therapy manufacturing space housing multi-product, segregated suites designed to support autologous and allogeneic cell therapy manufacturing.
NOTES FOR EDITORS
ABOUT CATALENT CELL AND GENE THERAPY
Catalent Cell & Gene Therapy is an industry-leading technology, development, and manufacturing partner for advanced therapeutics. Its comprehensive cell therapy portfolio includes a wide range of expertise across a variety of cell types including CAR-T, TCR, TILs, NKs, iPSCs, and MSCs. With deep expertise in viral vector development, scale-up and manufacturing for gene therapies and viral vaccines, Catalent is a full-service partner for plasmid DNA, adeno-associated viral (AAV), lentiviral and other viral vectors, and oncolytic viruses. As an experienced and innovative partner, it has a global network of dedicated, development, clinical, and commercial manufacturing facilities, including an EMA- and FDA-licensed viral vector facility, and fill/finish capabilities located in the U.S. and Europe. With integrated solutions for plasmid DNA, viral vectors, and autologous and allogeneic cell therapies through clinical trial packaging and logistics, Catalent can provide full supply chain control, helping innovators get their advanced therapies to patients, faster.
ABOUT CATALENT
Catalent is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs.
Catalent helps accelerate over 1,000 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply around 80 billion doses of nearly 8,000 products annually. Catalent’s expert workforce of approximately 18,000 includes more than 3,000 scientists and technicians.
Headquartered in Somerset, New Jersey, the company generated nearly $5 billion in revenue in its 2022 fiscal year. For more information, www.catalent.com.
More products. Better treatments. Reliably supplied.™
Disclaimer
Catalent Inc. published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 14:12:09 UTC.
Publicnow 2023
|
|
|
|
|
|
Technical analysis trends CATALENT, INC.
Short Term | Mid-Term | Long Term | |
Trends | Bullish | Bearish | Bearish |
Income Statement Evolution
Sell ![]() Buy |
|
Mean consensus | OUTPERFORM |
Number of Analysts | 14 |
Last Close Price | 50,16 $ |
Average target price | 74,09 $ |
Spread / Average Target | 47,7% |
PRESS RELEASE
Frasers Property Group to acquire 50.0% interest in suburban retail mall NEX for S$652.5 million
- Acquiring stake in one of Singapore’s largest suburban retail properties
- NEX is a high-quality suburban retail mall with excellent connectivity to public transport network
- Investment in NEX is a strategic fit and complementary to Frasers Property Group’s retail portfolio
SINGAPORE, 26 JANUARY 2023
Frasers Centrepoint Asset Management Ltd. (“FCAM”) as the manager of Frasers Centrepoint Trust (“FCT”) (the “Manager”) and Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”), wish to announce the joint acquisition of 50.0% interest in Gold Ridge Pte. Ltd. (the “Target”) (the “Acquisition”) which holds the suburban retail mall NEX, located at 23 Serangoon Central, Singapore 556083 (the “Property”) for a purchase consideration of S$652.5 million (the “Consideration”).
The Acquisition agreement was signed today between Frasers Property Coral Pte. Ltd. (in its capacity as trustee-manager of NEX Partners Trust1, a private trust held by (i) HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of FCT) and (ii) FCL Emerald (1) Pte. Ltd., a wholly-owned subsidiary of Frasers Property) as purchaser, and Mercatus Tres Pte. Ltd. as vendor.
The Consideration was negotiated on a willing-buyer and willing-seller basis, taking into account, among others, the net asset value of 100.0% of the Target of S$1,305.0 million (as at 30 September 2022), with reference to the agreed property value of the Property of S$2,077.8 million (the “Agreed Property Value”). The appraised value of the Property by independent valuer Colliers International Consultancy & Valuation (Singapore) Pte. Ltd. appointed by FCT and Frasers Property is S$2,078.0 million as at 31 December 2022. The net property income (the “NPI”) yield based on the Property’s NPI in year 2022 is in the region of high 4%.
Mr Richard Ng, Chief Executive Officer of FCAM, said, “NEX is a complementary fit to FCT’s existing suburban retail property portfolio. This acquisition will further enhance FCT’s portfolio diversification and strengthen its performance.”
Ms Soon Su Lin, Chief Executive Officer of Frasers Property Singapore, said, “Retail is one of the five asset classes in Frasers Property’s multinational portfolio. This investment in NEX further strengthens our focus in the suburban retail segment where we already have an established platform and strong capabilities.”
NEX is located within the Serangoon housing estate which has an estimated resident population of 68,800 with 21,634 Housing Development Board (HDB) flats in the area2. NEX is the largest suburban retail mall in Northeast Singapore with total net lettable area of approximately 634,631 square feet spread over seven retail levels, including two basement levels, and the committed occupancy was 99.9% as at end-November 2022. The notable brands among its 3323 stores include FairPrice Xtra, Isetan, Food Junction, Shaw Theatres, H&M, Food Republic, &Joy Japanese Food Street, Courts, Beauty in the Pot and Cold Storage Supermarket. NEX is easily accessible via the integrated Serangoon Bus Interchange and Serangoon Mass Rapid Transit (the “MRT”) station which connects to the North-East Line and Circle
- NEX Partners Trust is a 51%-49% joint venture between FCT and Frasers Property.
- Source: HDB website at https://www.hdb.gov.sg/about-us/history/hdb-towns-your-home/serangoon.
- Store count as of 30 November 2022
Frasers Centrepoint Asset Management Ltd | Frasers Property Limited
438 Alexandra Road #21-00 Alexandra Point Singapore 119958
T (65) 6276 4882
1
PRESS RELEASE
Line of the MRT network, making it a convenient destination for the surrounding residential population and commuters.
This press release is to be read in conjunction with the announcements by FCT and Frasers Property on the proposed joint acquisition of 50% of the shares of Gold Ridge Pte. Ltd. which holds the property at 23 Serangoon Central both dated 26 January 2023.
END
About NEX
Property information as at 30 November 2022
Tenure |
• 99 years from 2008 (85 years remaining) |
|||||
Description |
• 7 levels of retail space including 2 basements (total 332 stores) |
|||||
Green building certification |
• BCA Green Mark GoldPLUS certification |
|||||
GFA |
• |
942,131 square feet |
||||
NLA (including CSFS1 of 17,562 sf) |
• |
634,631 square feet |
||||
Committed occupancy |
• |
99.9% |
||||
Key tenants |
• FairPrice Xtra, Isetan, Food Junction, Shaw Theatres, H&M, Food |
|||||
Republic, &Joy Japanese Food Street, Courts, Beauty in the Pot, Cold |
||||||
Storage Supermarket |
||||||
Number of car park lots |
• |
400 |
||||
Connection to public transportation |
• |
Serangoon Bus Interchange |
||||
• Serangoon MRT station on Northeast Line (NE12) and Circle Line |
||||||
(CC13) |
||||||
1 Community/Sports Facilities Scheme.
Frasers Centrepoint Asset Management Ltd | Frasers Property Limited
438 Alexandra Road #21-00 Alexandra Point Singapore 119958
T (65) 6276 4882
2
PRESS RELEASE
About Frasers Centrepoint Trust
Frasers Centrepoint Trust (“FCT“) is a leading developer-sponsored retail real estate investment trust (“REIT“) and one of the largest suburban retail mall owners in Singapore with assets under management of approximately S$6.2 billion. FCT’s current property portfolio comprises nine retail malls and an office building located in the suburban regions of Singapore, near homes and within minutes to transportation amenities. The retail portfolio has approximately 2.3 million square feet of net lettable area with over 1,400 leases with a strong focus on providing for necessity spending, food & beverage and essential services.
The portfolio comprises Causeway Point, Northpoint City North Wing (including Yishun 10 Retail Podium), Changi City Point, Waterway Point (40%-interest), Tiong Bahru Plaza, White Sands, Hougang Mall, Century Square and Tampines 1 and an office property (Central Plaza). FCT’s malls enjoy stable and recurring shopper footfall supported by commuter traffic and residential population in the catchment.
FCT also holds a 30.53% stake in Hektar Real Estate Investment Trust, a retail-focused REIT in Malaysia listed on the Main Market of Bursa Malaysia Securities Berhad.
FCT is index constituent of several benchmark indices including the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), FTSE ST Real Estate investment Trust Index, MSCI Singapore Small Cap Index and the SGX iEdge S-REIT Leaders Index.
Listed on the Main Board of the Singapore Exchange Securities Trading Limited since 5 July 2006, FCT is managed by Frasers Centrepoint Asset Management Ltd., a real estate management company and a wholly-owned subsidiary of Frasers Property Limited.
For more information on FCT, please visit www.frasersproperty.com/reits/fct.
About Frasers Property Limited
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$40.2 billion as at 30 September 2022.
Frasers Property’s multinational businesses operate across five asset classes, namely, residential, retail, commercial
- business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries and more than 70 cities across Asia, Australia, Europe, the Middle East and Africa.
Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.
The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture.
For more information on Frasers Property, please visit frasersproperty.comor follow us on LinkedIn.
Frasers Centrepoint Asset Management Ltd | Frasers Property Limited
438 Alexandra Road #21-00 Alexandra Point Singapore 119958
T (65) 6276 4882
3
PRESS RELEASE
FOR QUERIES, PLEASE CONTACT: |
||
Frasers Centrepoint Asset Management Ltd. |
Frasers Property Limited |
|
Investor Relations |
Media Relations |
|
CHEN Fung Leng |
Adeline ONG / Kelvin LEE |
|
T |
+65 6277 2657 |
T +65 6932 2371 / +65 6277 2606 |
E |
fungleng.chen@frasersproperty.com |
comms@frasersproperty.com |
Media Relations |
Investor Relations |
|
Citigate Dewe Rogerson Singapore Pte. Ltd. |
Gerry WONG |
|
CHIA Hui Kheng / Jass LIM |
T +65 6277 2679 |
|
T +65 6589 2377 or 6589 2361 |
E ir@frasersproperty.com |
- fct@citigatedewerogerson.com
Frasers Centrepoint Asset Management Ltd | Frasers Property Limited
438 Alexandra Road #21-00 Alexandra Point Singapore 119958
T (65) 6276 4882
4
Disclaimer
Frasers Property Limited published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 14:02:05 UTC.
Publicnow 2023
|
|
|
|
Technical analysis trends FRASERS PROPERTY LIMITED
Short Term | Mid-Term | Long Term | |
Trends | Neutral | Bearish | Bearish |
Income Statement Evolution
Sell ![]() Buy |
|
Mean consensus | HOLD |
Number of Analysts | 3 |
Last Close Price | 0,92 SGD |
Average target price | 1,18 SGD |
Spread / Average Target | 29,5% |
EQS-News: tokentus investment AG
/ Key word(s): Alliance
tokentus investment AG cooperates with Linqto, a platform that allows for early investments in potential IPOs of companies
26.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
tokentus investment AG cooperates with Linqto, a platform that allows for early investments in potential IPOs of companies
- tokentus already invested in Ripple Labs and PolySign via the SPV structure (Special Purpose Vehicle) provided by Linqto
- Upon successful IPO, tokentus will become a direct shareholder of the respective companies
Frankfurt am Main, 26 January 2023 – tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D), headquartered in Frankfurt am Main, Germany, cooperates with Linqto Inc. (www.linqto.com), headquartered in San Jose, California (USA). Linqto is an investment management platform that offers accredited investors fast, low-cost and easy access to early investments in potential IPOs of companies via special SPV structures (special purpose vehicle as an investment vehicle). Following an analysis by Linqto, companies that have or are planning an IPO are presented on the Linqto platform and shares in the relevant SPV, which in turn holds shares in the specific company, are offered for sale. Among them, Robinhood, Impossible Foods and Coinbase were already some well-known companies.
As of January 2023, tokentus investment AG has already made two currently indirect investments through this structure with a USD 50,000 investment in PolySign and a USD 100,000 investment in Ripple Labs. PolySign says it operates a secure and scalable blockchain-enabled infrastructure for institutional providers to manage digital assets in the capital markets and payments sectors. Ripple Labs, according to the company, operates a global trading venue that enables banks and financial institutions to make cross-border payments in its proprietary cryptocurrency XRP securely in a fraction of the time and at a significantly lower cost than traditional payment systems.
In these transactions, tokentus is a shareholder of a Linqto SPV, which holds shares in the respective companies on behalf of tokentus and other shareholders quasi fiduciary. In the event of an IPO, these shares are registered and subsequently listed and are thus freely tradable. The SPV is dissolved at that time and tokentus as well as the other investors become direct shareholders of the respective company.
“For a very long time and intensively, we have been looking for a way to do early investments in potential IPOs of interesting blockchain companies, such as Ripple Labs and have found what we consider to be an ideal partner in Linqto. Linqto opens the way to interesting later-stage investments for us,” said Oliver Michel, CEO of tokentus investment AG.
Joe Endoso, Chief Operating Officer and Board Director of Linqto, added: “We are pleased to have found an experienced investor in tokentus to use Linqto and look forward to further collaboration with the entire tokentus team. It looks like we have a real win-win situation here.”
About tokentus investment AG
tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges.
With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures. Thus shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.
For further information see: www.tokentus.com
Disclaimer
This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)). The securities have already been sold.
Contact for queries
Oliver Michel
CEO der tokentus investment AG
Tel: +49 175 7222 351
contact@tokentus.com
www.tokentus.com
26.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Item 1.01 Entry into a Material Definitive Agreement.
On
“Company”) investment in a student housing complex,
a direct, wholly-owned subsidiary of the Company (“ARF”) entered into guaranties
related to a
the Company has a membership interest. Pursuant to the Guaranty Agreement, dated
as of
the “Guarantors”) for the benefit of
“Lender”), the Guarantors provided limited (“bad boy”) guaranties to the Lender
pursuant to the
Drive East, LLC
Lender (“Loan Agreement”) until the earlier of the payment in full of the
indebtedness or the date of a sale of the property pursuant to a foreclosure of
the mortgage or deed or other transfer in lieu of foreclosure is accepted by the
Lender.
On
Agreement for the benefit of the Lender to guaranty the timely completion of the
project in accordance with the Loan Agreement, as well as a Carry Guaranty
Agreement, for the benefit of the Lender to guaranty the prompt and
unconditional payment by Borrower of all customary or necessary costs and
expenses incurred in connection with the operation, maintenance and management
of the property and an Environmental Indemnity Agreement jointly and severally
in favor of the Lender whereby the Guarantors serving as Indemnitors provided
environmental representations and warranties, covenants and indemnification
(collectively the “Guaranties”). The Guaranties include certain financial
covenants required of ARF, including required net worth and liquidity
requirements.
The foregoing description of the Guaranty Agreement, the Completion Guaranty
Agreement, the Carry Guaranty Agreement and the Environmental Indemnity
Agreement are only summaries, do not purport to be complete and are qualified in
their entirety by reference to the full text of such agreements, which are filed
as Exhibits 10.1, 10.2, 10.3 and 10.4 hereto and are incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. 10.1 Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.2 Completion Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.3 Carry Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.4 Environmental Indemnity Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. in favor ofOceanview Life and Annuity Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
——————————————————————————–
© Edgar Online, source
Highlights & business update of the 2nd half of 2022
-
Progress on green and renewable hydrogen production projects
-
Industrial and technological agreements to secure access to strategic equipment
-
Structuring of the company with a workforce of 150 employees by the end of 2022
-
Continuation of offshore developments
Commercial pipeline at the end of 2022: 9.8 GW of total installed production capacity
-
Targeted total installed capacity of 55 MW in 2024 and 200 MW in 2026
-
Targeted consolidated revenues of €200m and Group EBITDA[1] at breakeven in 2026
Nantes (France) – January 25, 2023 – 8:00 pm – Lhyfe (Euronext Paris – FR0014009YQ1 – LHYFE), one of the world’s pioneers in the production of green and renewable hydrogen to decarbonize industry and mobility, presents the highlights of the 2nd half of the year 2022 and gives an update on its development and on the advancement of the company’s projects at the end of the year.
Progress of projects
Lhyfe Pays de la Loire (Bouin, France)
The Bouin production unit, the first industrial site in the world directly connected to a wind farm, celebrated the delivery of its 100th container of hydrogen at the end of 2022.
The increase in production capacity was initiated in 2022 (authorization and equipment orders). The current production capacity of 750 kW will be increased to 2.5 MW (approx. 1 t./day) in early 2024 to meet increased customer demand in the region. Its storage capacity, currently around 700 kg, will also be increased to almost 5 tonnes.
Lhyfe Bretagne (Morbihan, France)
In the second half of 2022, Lhyfe obtained the building permit for a unit with a total capacity of 5 MW (i.e. approximately 2 t/day of green hydrogen) located in Morbihan in Bretagne. This unit, supported by the ADEME (French Environment and Energy Management Agency) to the tune of €2.8 million and expected to be operational in the second half of 2023, will be the company’s second hydrogen production site.
As a reminder, the consortium made up of the companies HyGO, GNVert and Lhyfe has been appointed by the Lorient agglomeration as the successful bidder for a Global Performance Contract for the design, construction, operation and maintenance of two renewable hydrogen refueling stations. Lhyfe will supply the renewable hydrogen for a period of 10 years.
Lhyfe Occitanie (Bessières, France)
In Occitanie (France), Lhyfe has also obtained the permit for the construction of the 5 MW production unit in Bessières (Haute-Garonne), which is scheduled to be commissioned at the end of 2023.
This project is the winner of the Corridor H2 tender for projects, supported by the Occitanie region, whose objective is to decarbonize the transport of goods and passengers on a North/South axis running from the Mediterranean to the North Sea, through the development of green hydrogen uses.
Lhyfe Bade-Würtemberg (Schwäbisch Gmünd, Germany)
In Schwäbisch Gmünd, Germany, Lhyfe has submitted the permit for the construction of a plant with a production capacity of 10 MW (about 3 t/day). The plant is expected to be commissioned in the first half of 2024. It will be accompanied by a hydrogen distribution station accessible to the general public, built and operated by a Lhyfe partner, and a pipeline to supply the future “H2-Aspen” technology park with green hydrogen.
This project is part of the HyFIVE (Hydrogen For Innovative Vehicles) project which has received €33 million in funding from the European Regional Development Fund (ERDF).
Lhyfe Groningen (Delfzijl, The Netherlands)
In the Netherlands, Lhyfe aims to build a large-scale renewable green hydrogen production plant in the Delfzijl chemical cluster in the northern province of Groningen. This plant could reach a production capacity of 200 MW (about 55 t/day).
Lhyfe has already secured the land and the electrical connection of the plant. The realization of the project is subject to obtaining the required operating licenses and building permits, as well as the financial investment decision. It is expected to be commissioned in 2026 at the earliest.
Signing of industrial and technological agreements for the supply of key equipment’s
Through these agreements, Lhyfe has secured its access to strategic equipment (electrolysers, compressors, distribution systems) for the construction of its production units, the production of green and renewable hydrogen and its logistical distribution throughout Europe.
Agreement with Hexagon Purus for the delivery of hydrogen distribution systems
Lhyfe and Hexagon Purus, a leading supplier of hydrogen systems, have entered into an agreement for the supply of hydrogen distribution systems with Hexagon Purus Type 4 composite high-pressure cylinders. Lhyfe will be able to deliver up to 19 tonnes of green hydrogen per trip, equivalent to the consumption of 650 buses.
Agreement with Hiperbaric for the supply of high-pressure compressors
Lhyfe and Hiperbaric, a Spanish group and world leader in high pressure technologies, have signed an agreement to supply high pressure compressors for the storage and transportation of green and renewable hydrogen.
The Hiperbaric hydrogen compression technology approaches an isothermal compression process, resulting in high reliability and low energy consumption. The Hiperbaric range of compressors is capable of compressing hydrogen from an input pressure of 20 bar up to 200-950 bar for storage tank filling.
Order of Plug electrolysers for a total capacity of 50 MW
Lhyfe has signed a purchase agreement for ten Plug electrolyser systems of 5 MW each with the American Plug Group, a major player in green hydrogen. These electrolysers, with a total capacity of 50 MW (up to 20 tonnes per day), are intended to enable Lhyfe to produce green hydrogen for mobility in several onshore plants across Europe, with delivery of the equipment from 2023.
The order follows on from a partnership with Plug to jointly develop green hydrogen production plants across Europe. The aim of the collaboration is to co-develop by 2025 a total hydrogen production capacity of 300 MW (up to 120 tonnes of green hydrogen per day) across Europe, which will mainly serve on- and off-road mobility applications.
Structuring & development of the company
Success of the 2022 recruitment plan
Lhyfe is pleased to announce the remarkable success of its 2022 recruitment campaign, a year marked by the arrival of more than a hundred new employees to support the increase in the number of projects and the internationalization of the company, with now 6 subsidiaries across Europe and a presence in 11 countries.
At the end of 2022, Lhyfe’s workforce will be 150 employees (vs. 57 at the end of 2021), of which 40% will be dedicated to engineering, in order to pursue the development of solutions and the deployment of production sites, and 40% to business development in all the geographical regions targeted by the company. By the end of 2022, 20% of Lhyfe’s workforce was internationally based.
In order to support its development, Lhyfe has continued to structure itself on a human level with the creation of key positions.
Philippe Desorme joined Lhyfe in 2022 as Vice President Sales & Business Development, to enhance Lhyfe’s business development capabilities alongside Taia Kronborg, Chief Business Officer. Prior to joining Lhyfe, Philippe Desorme spent most of his career since 1998 in the industrial gases sector at Linde Group where he held several position as Head of Market Segment & Application for the Southern Europe region and Sales Director in Africa and France.
In order to strengthen its health, safety and environment policy, Lhyfe has also recruited Clément Falk as HSE (Health, Safety and Environment) Director. An expert in process safety engineering and chemical technologies, Clément Falk has over 16 years of international experience in the chemical, oil and gas (onshore & offshore) and new energies (offshore wind farms) industries.
For international development, Colin Brown and Frans-Pieter Lindeboom have been appointed Country Manager UK & Ireland and Country Manager Spain respectively, following the incorporation of these two new subsidiaries in 2022. Colin Brown has held various Development positions in groups in the sector renewable energies (Aker, Vattenfall, SSE Renewables, etc.). Frans-Pieter Lindeboom has 20 years of experience in the energy sector, including nearly 15 years in the Spanish group Repsol, in charge of supply chain management for the group’s offshore platforms.
Finally, Nathalie Guillot joined Lhyfe in early 2023 as Human Resources Director. Prior to joining Lhyfe, Nathalie Guillot was Deputy Human Resources Director, in charge of France, for the Antargaz group.
Continued progress in offshore green hydrogen production
Inauguration of the world’s first offshore green hydrogen production pilot site
In September 2022, Lhyfe inaugurated its offshore green hydrogen production demonstrator, the world’s first offshore hydrogen production pilot plant, on the SEM-REV, Europe’s first multi-technology offshore test site off the coast of Le Croisic. The Sealhyfe platform has a capacity of 1 MW, which means it can produce about 400 kg of green hydrogen per day.
At the end of the 6-month test phase for all the equipment (desalination systems, cooling, stack behavior, remote control, energy management, resistance to environmental conditions, etc.) the Sealhyfe platform, docked in the port of Saint-Nazaire, will leave for a 12-month period off the Atlantic coast, less than 1 km from the floating wind turbine.
Collaboration with Nantes Saint-Nazaire Port to develop offshore green hydrogen
Lhyfe and Nantes Saint-Nazaire Port, France’s fourth largest seaport, have signed a partnership agreement to develop the renewable hydrogen sector at sea and thus accelerate the energy transition in the Loire estuary.
This collaboration should make it possible to identify port spaces and facilities likely to host prototypes and to test innovative solutions. The partnership also covers the identification of industrial needs related to the construction of equipment for the mass production of hydrogen at sea and the port infrastructures necessary for the production, launching and integration of this future equipment. Finally, the two parties are combining their thinking on the issue of repatriating the hydrogen produced massively at sea to land in order to define the industrial and logistical requirements for receiving and injecting the gas into the land network.
Offshore project of 10 MW in Belgium
The HOPE (Hydrogen Offshore Production for Europe) project, led by a consortium coordinated by Lhyfe, has received a positive evaluation under the 2022-TC01-10 call for projects of the Clean Hydrogen Partnership, co-funded by the European Union. As a result, the project partners started the preparation phase of the subsidy agreement, which will end no later than May 2023.
The project consists of designing, building and operating by 2025 the first 10 MW renewable hydrogen production unit in the North Sea off the coast of Belgium. The purpose is to prove the technical and financial viability of producing renewable hydrogen offshore and transporting it by pipeline to serve onshore customers. The project will produce a wide range of exploitable results, as well as pre-feasibility studies and techno-economic assessments of large-scale offshore concepts.
Commercial pipeline at the end of 2022: 9.8 GW of production capacity
Supported by the RepowerEU European Energy Independence Plan, Lhyfe’s commercial portfolio continued to strengthen in the 2nd half of 2022.
At the end of 2022, Lhyfe’s commercial pipeline[2] represented a total installed production capacity of 9.8 GW (unchanged from mid-September 2022).
Within this commercial portfolio, projects at an advanced stage of development[3] represented a total installed generation capacity of 759 MW at the end of the year (vs. 629 MW mid-September 2022).
With this strong commercial pipeline, Lhyfe confirms the objectives set at the time of its IPO to make the company one of the leaders in green hydrogen production in Europe[4].
Lhyfe aims to have a total installed capacity of 55 MW by 2024.
By 2026, Lhyfe aims to have a total installed capacity of 200 MW, as well as:
- around €200m in consolidated revenue;
- Group EBITDA[5] at breakeven.
By 2030, the company plans to become a green hydrogen production reference player and more specifically to have over 3 GW in total installed capacity.
Long term, Lhyfe is targeting a Group EBITDA margin above 30%[6].
Financial calendar
Date | Release |
Wednesday 22 March 2023 | FY 2022 results (audited) |
Tuesday 23 May 2023 | General Meeting |
Wednesday 20 September 2023 | H1 2023 results (audited) |
About Lhyfe
Lhyfe is a European group dedicated to the energy transition, and a producer and supplier of green and renewable hydrogen. Its production sites and portfolio of projects aim to provide access to green and renewable hydrogen in industrial quantities, and to enter into a virtuous energy model allowing the decarbonization of entire sectors of industry and mobility.
In 2021, Lhyfe inaugurated the world’s first industrial green hydrogen production site in direct connection with a wind farm. In 2022, Lhyfe inaugurated the world’s first pilot platform for green hydrogen production at sea.
Lhyfe is present in 11 European countries and has 150 employees at the end of 2022. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – mnemonic: LHYFE).
For more information go to Lhyfe.com
Contacts
[1] Group EBITDA: current consolidated operating profit before depreciation, amortisation and provisions
[2] The commercial pipeline does not include offshore projects
[3] Projects in “Tender ready”, “Awarded, or “Construction” phases. The definitions of these phases are detailed in Section 10.1 of the Registration Document approved by the AMF on 21 April 2022 and available on Lhyfe’s website
[4] Based on the assumptions detailed in Section 10.1 of the Registration Document approved by the AMF on 21 April 2022 and available on Lhyfe’s website
[5] Group EBITDA: current consolidated operating profit before depreciation, amortisation and provisions
[6] Group EBITDA margin: ratio of “EBITDA to revenue”
www.actusnews.com, it’s free
© 2023 ActusNews
PRESS RELEASE
Carbios strengthens Executive Committee in pivotal year for
industrial and commercial development
- Appointment of Martine BRISSET as General Manager Biodegradation Division, Senior Vice President of Carbios Group, and Executive Committee Member
-
Appointment of Delphine DENOIZÉ, Innovation Programs Funding, Regulation
and LCA Director, as Executive Committee Member
Clermont-Ferrand, France, 26 January 2023 (6.45am ECT). Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, has strengthened its leadership team with the appointment of Martine BRISSET as Senior Vice President from 1 January 2023. Martine will manage the Biodegradation Division and supervise the Human Resources, Legal, Regulatory, Project Management, Quality Health and Safety departments. Martine BRISSET joins the Group’s Executive Committee, as does Delphine DENOIZÉ, who remains Innovation Programs Funding, Regulation and LCA Director with an expanding team.
“Over the past six months, our teams have grown significantly in order to achieve our ambitious targets, and I am very pleased to appoint Martine and Delphine to the Executive Committee,” commented Emmanuel LADENT, Chief Executive Officer of Carbios. “Their proven track records, notably within the Carbios Group, strengthen the top management’s expertise and reinforces the diversity of skills needed to succeed in this pivotal year for Carbios’ industrialization and commercialization.”
Martine BRISSET, Senior Vice President of Carbios : “After having supervised the production of thousands of tons of plastic destined for the packaging sector, I am now focused on reducing plastic pollution with our biodegradation and biorecycling solutions. I’m very excited to take on this awesome and exciting challenge, one that makes sense for future generations and for industry.”
Martine BRISSET has over 30 years of General Management experience in major international groups within the plastic and paper packaging industry, most notably at Amcor, Huhtamaki, Linpac and Klockner Pentaplast. Since 2021, she has held the position of General Manager of Carbiolice in order to integrate this high-potential subsidiary dedicated to biodegradation within the Carbios Group. In her new position as Senior Vice President of Carbios, her main mission will be to successfully deploy the biodegradation technology, facilitate the international expansion of Carbios’ activities, organise the recruitment and training of the Group’s employees. With numerous recruitments planned throughout the company in 2023, building Carbios’ attractivity will be a strategic topic.
Delphine DENOIZÉ, Innovation Programs Funding, Regulation and LCA Director : “What drives me is the satisfaction of seeing a project through, from concept to reality. At Carbios, all our projects have a positive impact on the environment, and it’s rising to this challenge that makes me passionate about my work. By becoming a member of the Executive Committee, I will support these projects even more enthusiastically, in terms of their structuring and funding, but also in terms of their regulatory compliance and environmental performance.”
After several years working in innovation within the agricultural industry, it was during her time at Céréales Vallées cluster that Delphine DENOIZÉ discovered and assisted in the creation of Carbios. She joined the company in 2016 and was one of its first twenty employees. Initially in charge of Innovation Funding and Regulation, then Project Management for PET biorecycling, she now oversees all the Group’s projects. Her responsibilities include French and European public funding for innovation, regulatory compliance of processes and products around the world, and assessment of their environmental impact through specific tools such as Life Cycle Assessment.
Executive Committee Members of Carbios Group:
- Emmanuel LADENT, Chief Executive Officer
- Lionel ARRAS, Industrial Development Director
- Mathieu BERTHOUD, Sourcing and Public Affairs Director
- Pascal BRICOUT, Chief Strategy and Financial Officer
- Martine BRISSET, General Manager Biodegradation Division and Senior Vice President of Carbios Group
- Delphine DENOIZÉ, Innovation Programs Funding, Regulation and LCA Director
- Stéphane FERREIRA, Chief Business Officer
- Lise LUCCHESI, Intellectual Property Director
- Prof. Alain MARTY, Chief Scientific Officer
Visit Carbios’ website for biographies of each individual member: https://www.carbios.com/en/governance/
About Carbios
Established in 2011 by Truffle Capital, Carbiosis a green biotech company, developing biological and innovative processes. Through its unique approach of combining enzymes and plastics, Carbios aims to address new consumer expectations and the challenges of a broad ecological transition by taking up a major challenge of our time: plastic and textile pollution. Carbios deconstructs any type of PET (the dominant polymer in bottles, trays, textiles made of polyester) into its basic components which can then be reused to produce new PET plastics with equivalent quality to virgin ones. This PET innovation, the first of its kind in the world, was recently recognized in a scientific paper published in front cover of the prestigious journal Nature. Carbios successfully started up its demonstration plant in Clermont-Ferrand in 2021. It has now taken another key step towards the industrialization of its process with the construction of a first-of-a-kind unit in partnership with Indorama Ventures.
In 2017, Carbios and L’Oréal co-founded a consortium to contribute to the industrialization of its proprietary recycling technology. Committed to developing innovative solutions for sustainable development, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe joined this consortium in April 2019. In 2022, Carbios signed an agreement with On, Patagonia, PUMA, and Salomon, to develop solutions promoting the recyclability and circularity of their products.
The Company has also developed an enzymatic biodegradation technology for PLA-based (a bio sourced polymer) single-use plastics. This technology can create a new generation of plastics that are 100% compostable at ambient temperatures, even in domestic conditions, integrating enzymes at the heart of the plastic product.
For more information, please visit carbios.com/ Twitter: Carbios/ LinkedIn: Carbios/ Instagram: insidecarbios
Carbios (ISIN FR0011648716/ALCRB) is eligible for the PEA-PME, a government program allowing French residents investing in SMEs to benefit from income tax rebates.
CARBIOS |
Press Relations (Europe) |
Press Relations (U.S.) |
Press Relations (DACH) |
Melissa Flauraud |
Iconic |
Rooney Partners |
MC Services |
Press Relations |
Marie-Virginie Klein |
Kate L. Barrette |
Anne Hennecke |
melissa.flauraud@carbios.com |
mvk@iconic-conseil.com |
kbarrette@rooneyco.com |
carbios@mc-services.eu |
Benjamin Audebert |
+33 (0)1 44 14 99 96 |
+1 212 223 0561 |
+49 (0)211 529 252 22 |
Investor Relations |
|||
contact@carbios.com |
|||
+33 (0)4 73 86 51 76 |
Translation is for information purposes only.
In case of discrepancy between the French and the English version of this press release, the French version shall prevail
Disclaimer
Carbios SA published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2023 13:07:04 UTC.
Publicnow 2023
|
|
Technical analysis trends CARBIOS
Short Term | Mid-Term | Long Term | |
Trends | Bullish | Bullish | Bullish |
Income Statement Evolution
Sell ![]() Buy |
|
Mean consensus | BUY |
Number of Analysts | 2 |
Last Close Price | 39,10 € |
Average target price | 54,00 € |
Spread / Average Target | 38,1% |
1st jan. | Capi. (M$) | ||
![]() |
CARBIOS | 14.26% | 477 |
EQS-News: tokentus investment AG
/ Key word(s): Investment
tokentus investment AG invests in the Web3 community activation platform Playground
25.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
tokentus investment AG invests in the Web3 community activation platform Playground
- Playground is the community activation platform for Web3
- tokentus invests USD 200,000 via a SAFE (Simple Agreement for Future Equity) with a conversion option into equity of Playground NY Inc. (“Playground”)
- Investment additionally entitles tokentus to acquire a limited amount of Ground tokens at a discount from Playground
- Strong investor base to support global expansion of Playground
- Synergy effects in portfolio companies of tokentus to be leveraged by the Playground investment
Frankfurt am Main, 25. January 2023 – tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; Code: 14D), headquartered in Frankfurt am Main, Germany, acquires a security convertible into equity of Playground NY Inc. (“Playground”), the developer of the Playground, based in New York State (USA) for USD 200,000.
Playground is the community activation platform for Web3. Through its community management tools, Playground enables creators to connect, co-create and co-own, ultimately empowering communities to build their own tokenized world and movements, according to the company.
Playground delivers a critical component to any blockchain project, especially in the B2C space. Specifically, Playground serves creators, artists, and brands, bringing their fans and members together to participate and play through physical and digital activations.
Playground’s partner ecosystem spans global media agencies and top blockchain funds including (a) Anomaly, a leading global marketing company that works with great brands and major S&P 500 companies worldwide, (b) Animoca Brands, invested in over 300 blockchain companies across gaming digital property rights to the world’s gamers and Internet users, thereby creating a more equitable digital framework contributing to the building of the open metaverse (c) Republic Crypto, who strategically advises crypto projects, and (d) Polygon Ventures whose blockchain supports some of the biggest players in Web3. Access and distribution through these ecosystems will help onboard communities globally, according to Playground.
“Communities are essential to the success of Web3. Building a community is one thing. But running them successfully in business is another. In the creation and management of such communities specifically in the blockchain space, Playground is, in our view, very well positioned technically and investor-wise,” said Oliver Michel, CEO of tokentus investment AG. “We see great growth potential for Playground, not least because of what we see as its experienced team and strong investor base. According to our assessment, there is already a great demand for such solutions from the entire crypto market but also from existing Web2 platform operators,” adds Benedikt Schulz, Investment Manager at tokentus. “Playground’s community management tool can also lead to great network effects and thus further growth for some of our portfolio companies,” Mona Tiesler, Investment Manager at tokentus, adds.
About tokentus investment AG
tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges.
With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures. Thus shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.
For further information see: www.tokentus.com
Disclaimer
This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)). The securities have already been sold.
Contact for queries
Oliver Michel
CEO der tokentus investment AG
Tel: +49 175 7222 351
contact@tokentus.com
www.tokentus.com
25.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Sydney – Tuesday 24 January
In an industry first, Ampol has partnered with Australian commercial electric vehicle manufacturer SEA Electric to support the transition of companies to zero-emissions commercial electric vehicle technology.
Through the partnership, SEA Electric and Ampol will be working together to develop flexible, sustainable and seamless charging options to support the uptake of lower emissions commercial vehicles in key parts of the transport sector.
The partnership will also focus on building an integrated charging solution for SEA Electric customers on the road at Ampol forecourts, at destinations and solutions at the workplace.
James Myatt, Ampol’s General Manager, Energy, said Ampol will work with SEA Electric and leverage its knowledge and strong relationships across industries to help support commercial vehicle owners’ decarbonisation goals.
“Ampol is evolving to provide a range of fast and reliable charging solutions. We know our business customers are looking for lower emissions solutions and want to ensure their investment in commercial electric vehicles can be supported with efficient and reliable charging technologies,” Myatt said.
“Ampol is committed to developing an open access national charging network as well as home and business charging solutions to ensure vehicles can be on the road whenever needed.”
For SEA Electric, the partnership provides flexible charging options for electric truck owners, with many Ampol customers moving into the EV space in cars and now with light trucks. The partnership will help reduce range anxiety for businesses looking to invest in electric trucks to reduce their emissions.
“SEA Electric is proud to partner with Ampol on this project, as both companies lead the country in the transition to sustainable transport,” Bill Gillespie, SEA Electric President, Asia Pacific Region said.
“Through this collaboration, we are shining a light on the fact that electric powered truck fleets can be operationally flexible by accessing convenient charging infrastructure through the AmpCharge network.
“At SEA Electric, we are building an entire customer led ecosystem to simplify the transition to electrification, with a SEA Electric trained national dealer network for sales and service, full factory warranty, 24/7 support and roadside assistance, and a range of charging options at base or on the road.
“Ampol should be applauded for taking the lead with its future energy and mobility strategy, and we look forward to working together into the future on expanding the initiative.”
For further information on Ampol AmpCharge, visit ampcharge.ampol.com.au, with more on SEA Electric’s product range and dealer network available at www.sea-electric.com.au/en_au/.
Media contact:
media@ampol.com.au
The webinar takes place on
The panel and Q&A event is being hosted by
Event Details:
Title: Nu.Q Vet Commercial Strategy
Date:Thursday, January 26, 2023
Time: 12 noon Eastern,
Register at: https://edisongroup.zoom.us/webinar/register/WN_TjeTdVOLQry4PpBJyzLCpg
Dr.
‘We are now embarking on a pivotal phase for Volition as we continue to roll out our Nu.Q technology within the companion animal healthcare sector and capitalize on what we believe to be significant mass market opportunities. It is a hugely exciting time for the company.’
Volition is developing simple, easy-to-use, cost-effective blood tests to help diagnose and monitor a range of life-altering diseases including cancer in both humans and animals. For more information about Volition’s Nu.Q technology go to: www.volition.com.
About Volition
Volition is a multi-national epigenetics company that applies its Nucleosomics platform through its subsidiaries to develop simple, easy to use, cost effective blood tests to help diagnose and monitor a range of life-altering diseases, in both humans and other animals, including some cancers and diseases associated with NETosis such as sepsis and COVID-19. Early diagnosis and monitoring have the potential not only to prolong the life of patients but also to improve their quality of life. The tests are based on the science of Nucleosomics, which is the practice of identifying and measuring nucleosomes in the bloodstream or other bodily fluid – an indication that disease is present.
Volition’s research and development activities are centered in
The contents found at Volition’s website address are not incorporated by reference into this document and should not be considered part of this document. This website address is included in this document as an inactive textual reference only.
Contact:
Media
Volition
E: mediarelations@volition.com
T: +44 (0)7557 774620
Safe Harbor Statement
Statements in this press release may be ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that concern matters that involve risks and uncertainties that could cause actual results to differ materially from those anticipated or projected in the forward-looking statements. Words such as ‘expects,’ ‘anticipates,’ ‘intends,’ ‘plans,’ ‘aims,’ ‘targets,’ ‘believes,’ ‘seeks,’ ‘estimates,’ ‘optimizing,’ ‘potential,’ ‘goal,’ ‘suggests,’ ‘could,’ ‘would,’ ‘should,’ ‘may,’ ‘will’ and similar expressions identify forward-looking statements. These forward-looking statements relate to, among other topics, Volition’s estimated market opportunity, the effectiveness of Volition’s blood-based diagnostic, prognostic and disease monitoring tests, and Volition’s ability to develop and successfully commercialize such test platforms for early detection of cancer and other diseases as well as serving as a diagnostic, prognostic or disease monitoring tools for such diseases. Volition’s actual results may differ materially from those indicated in these forward-looking statements due to numerous risks and uncertainties, including, without limitation, results of studies testing the efficacy of its tests. For instance, if Volition fails to develop and commercialize diagnostic, prognostic or disease monitoring products, it may be unable to execute its plan of operations. Other risks and uncertainties include Volition’s failure to obtain necessary regulatory clearances or approvals to distribute and market future products; a failure by the marketplace to accept the products in Volition’s development pipeline or any other diagnostic, prognostic or disease monitoring products Volition might develop; Volition’s failure to secure adequate intellectual property protection; Volition will face fierce competition and Volition’s intended products may become obsolete due to the highly competitive nature of the diagnostics and disease monitoring market and its rapid technological change; downturns in domestic and foreign economies; and other risks identified in Volition’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as other documents that Volition files with the
Nucleosomics and Nu.Q and their respective logos are trademarks and/or service marks of
COLOMBO, Jan 20 (Reuters) – India has told Sri Lanka it is committed to boosting investment in its debt-ridden neighbour, to help pull it from its worst economic crisis in seven decades, Foreign Minister Subrahmanyam Jaishankar said on Friday during a visit.
The island nation of 22 million has grappled with challenges over the past year ranging from a shortage of foreign currency to runaway inflation and a steep recession, in its worst such crisis since independence from Britain in 1948.
Jaishankar, on a two-day visit, held talks on Thursday with his Sri Lankan counterpart, Ali Sabry, on co-operation in infrastructure, connectivity, energy, industry and health services.
“India will encourage greater investments in the Sri Lankan economy, especially in core areas like energy, tourism and infrastructure,” Jaishankar told reporters in the city of Colombo.
“We count on the government of Sri Lanka to provide a more business friendly environment to create a powerful pull factor.”
On Friday, he is scheduled to meet Sri Lanka’s president and prime minister.
During the visit, the neighbours are also expected to sign a memorandum of understanding for a renewable power project covering three islands in Sri Lanka’s north, two sources at the power and energy ministry said.
Sri Lanka is racing to secure a $2.9-billion bailout from the International Monetary Fund but requires the backing of both China and India, its biggest bilateral lenders, to reach a final agreement with the IMF.
India has told the global lender that it strongly supports Sri Lanka’s debt restructuring plan, with Sri Lanka owing about$1 billion to its nearest neighbour.
“We felt strongly that Sri Lanka’s creditors should take proactive steps to facilitate its recovery,” Jaishankar added.
“India decided not to wait on others but to do what we believe is right. We extended financial assurances to the IMF to clear the way for Sri Lanka to move forward.”
China is Sri Lanka’s largest bilateral lender and the last remaining major creditor to yet to agree to the plan.
Sri Lanka owed Chinese lenders $7.4 billion, or nearly a fifth of its public external debt, by the end of last year, calculations by the China Africa Research Initiative show.
Additional reporting by Devjyot Ghosal in New Delhi, writing by Sudipto Ganguly; Editing by Clarence Fernandez, Robert Birsel
Our Standards: The Thomson Reuters Trust Principles.