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Sun World International and Pairwise Launch Strategic Partnership to Develop a Holy Grail of Produce – the Pitless Cherry
Globenewswire· 2025-09-19 12:47
Core Insights - Sun World International and Pairwise have formed a joint venture to develop specialty fruit, starting with a pitless cherry, aiming for a first-to-market position in high-quality pitless cherries [1][3] - The partnership combines Sun World's fruit breeding expertise with Pairwise's Fulcrum® platform, which accelerates the development of desirable crop traits [3][4] - Sun World will invest strategically to fund the development of this new fruit variety, leveraging its existing germplasm and breeding infrastructure [4] Company Overview - Sun World International specializes in fruit variety development and licensing, with a focus on sustainability and innovation in table grapes, mandarins, mangoes, stone fruit, and cherries [5] - The company has a history of pioneering convenience-focused innovations, including seedless varieties of grapes and watermelons, and has been active in fruit genetics for over three decades [2][5] Industry Context - The collaboration aims to address unmet consumer and grower needs by utilizing advanced plant breeding techniques to support sustainable agriculture and reduce waste [4] - Pairwise, co-founded by the inventors of CRISPR, focuses on gene editing to create climate-resilient and nutritious crops, enhancing the speed of agricultural innovation [6]
Cohen & Steers and Lincoln Property Company Form Joint Venture on Cityline at Tenley Retail Center in Washington, D.C.
Prnewswire· 2025-09-18 20:30
Group 1 - Cohen & Steers and Lincoln Property Company have formed a joint venture to acquire Cityline at Tenley, a retail center located in Tenleytown, Washington D.C. [1] - Cityline at Tenley is strategically positioned above the Tenleytown Metro Station and is anchored by a high-performing Target store, attracting a diverse customer base from the surrounding affluent area [2] - The demographics of the area are strong, with a 3-mile population of 207,000 and a median household income of $142,000, ranking the Tenleytown zip code in the top 1% of zip codes for retail attractiveness [2] Group 2 - James S. Corl, Head of the Private Real Estate Group at Cohen & Steers, expressed optimism about the acquisition, citing a potential generational rent growth super-cycle due to low levels of retail property development and increased demand from retailers [3] - The current retail property market in the U.S. is characterized by high occupancy rates, making shopping centers the most occupied type of commercial property [3] - Cohen & Steers has published a whitepaper discussing their investment thesis on the retail sector, indicating a belief in a retail renaissance in private real estate investing [3] Group 3 - Cohen & Steers is a global investment manager specializing in real assets and alternative income, with a focus on various asset types including real estate, preferred securities, and infrastructure [4] - Lincoln Property Company is one of the largest private real estate firms in the U.S., providing a comprehensive range of real estate services across multiple asset types and managing over 680 million square feet of commercial space [5]
BOXABL and FG Merger II Corp. Announce Public Filing of Registration Statement on Form S-4 and Joint Proxy Statement/Prospectus in Connection with Proposed Merger
Prnewswire· 2025-09-18 20:30
Core Viewpoint - Boxabl Inc. is moving forward with its merger with FG Merger II Corp, aiming to become a publicly traded company, which is expected to enhance its market growth and value creation for customers and investors [4][7]. Company Overview - Boxabl is focused on innovative housing solutions, particularly through modular building systems that provide affordable and high-quality homes quickly [5]. - The flagship product, Casita, is a 361 square foot studio unit that can be set up in less than an hour [5]. - Boxabl is also developing smaller units like the Baby Box and plans for stackable models to create larger living spaces [5]. Merger Details - The merger values Boxabl at approximately $3.5 billion, with FG Merger II Corp. expected to issue 350 million shares to Boxabl stockholders [7][8]. - The combined company will trade on Nasdaq under the ticker "BXBL" after the merger [7]. - Completion of the merger is contingent upon SEC approval and stockholder votes from both companies [3][10]. Strategic Leadership - Boxabl's founders, Paolo and Galiano Tiramani, will continue to lead the combined entity post-merger [4]. - The leadership emphasizes that going public will facilitate the acceleration of their mission to deliver affordable housing solutions [4]. Regulatory Process - A registration statement on Form S-4 has been filed with the SEC, which includes a preliminary joint proxy statement and prospectus for stockholders [10]. - Stockholders are encouraged to review the registration statement for detailed information regarding the merger [3][10].
Colibri Resource Corporation Advances Growth Strategy to Unlock Value at EP Gold Project and Pilar Joint Venture
Newsfile· 2025-09-16 13:29
Core Viewpoint - Colibri Resource Corporation is advancing its growth strategy to unlock value at its EP Gold Project and Pilar Joint Venture, capitalizing on the strong precious metals market with gold and silver prices near historic highs [1][2]. Group 1: EP Gold Project - The EP Gold Project covers 4,766 hectares in the Caborca Gold Belt of Sonora, Mexico, strategically located within 25 kilometers of significant gold operations by Fresnillo Plc [2]. - Over 12,000 meters of drilling and more than 2,500 surface samples have been completed, revealing abundant high-grade gold values, yet only three of ten high-priority targets have been drill tested, indicating considerable exploration upside [6][7]. - The company is preparing for the next stage of work at EP, with plans to update investors on exploration phases in the coming months [7]. Group 2: Pilar Joint Venture - Colibri holds a 49% interest in the Pilar Gold-Silver Project, which has undergone over 24,000 meters of drilling and a 1,400-tonne bulk sample that returned an average head grade of 1.9 g/t Au with recoveries of approximately 63% [8][9]. - A 50,000-tonne pilot mine facility has been permitted, providing a strategic opportunity for larger-scale testing of the mineralized material at Pilar [9]. - Near-term catalysts for Pilar include the initiation of a pilot bulk sample program, delivery of a maiden resource estimate, and completion of a Preliminary Economic Assessment (PEA) [17]. Group 3: Corporate Strategy - Colibri is advancing a broader corporate strategy to support project milestones, including debt conversion, equity financing, and targeted marketing initiatives to enhance visibility and attract new investors [12][17]. - Management emphasizes the clear, staged growth plan at an opportune time for precious metals, positioning the company to deliver meaningful value for shareholders [13].
VergeIO and Cirrus Data Unite to End Infrastructure Sprawl with a Joint Universal Migration Path and Unifying Platform
Businesswire· 2025-09-16 12:50
ANN ARBOR, Mich.--(BUSINESS WIRE)--VergeIO, the leading VMware alternative, today announced a partnership with Cirrus Data Solutions (CDS), a leader in data mobility technology and services, to help enterprises eliminate infrastructure sprawl—the costly mix of multiple hypervisors, duplicate tools, and isolated stacks, that has crept into data centers. The collaboration combines Cirrus Data's patented software-only data mobility technology with VergeOS, the industry's only single-codebase infra. ...
HyOrc and Start Lda Sign Strategic Joint Venture to Launch National Green Methanol Platform in Portugal
Globenewswire· 2025-09-16 11:41
Core Insights - HyOrc Corporation has entered a joint venture with Start Lda to develop a national network of green methanol plants in Portugal, utilizing HyOrc's RDF-to-methanol technology [1][2] - The project aims to support Europe's transition from fossil fuels and aligns with decarbonization goals in shipping and heavy industry [2] Project Details - The initial phase will deploy a 35 Tons Per Day (TPD) launch unit in Porto, producing 8 TPD of methanol, with plans to scale to five full-scale sites, each processing 300 TPD of Municipal Waste to produce 80 TPD of green methanol [2] - Over a 10-year period, the project is projected to generate over $3.25 billion in total revenues, establishing a robust waste-to-fuel portfolio in Europe [3] Joint Venture Structure - The joint venture will have a 50/50 equity ownership structure, with HyOrc providing gasifiers, methanol technology, and project leadership, while Start Lda contributes land, permitting, and local infrastructure [8] - HyOrc retains intellectual property rights and appoints the Managing Director of the joint venture [8] Company Background - HyOrc Corporation specializes in developing advanced waste-to-methanol systems and hydrogen engines for various sectors, aiming to decarbonize hard-to-abate industries without relying on subsidies [5] - Start Lda focuses on waste processing, logistics, and clean fuel technologies, emphasizing sustainable practices and regional execution [7]
Surge Announces Letter of Intent with Evolution Mining Limited to Enter into a Joint Venture Agreement
Newsfile· 2025-09-16 11:00
Core Viewpoint - Surge Battery Metals Inc. has entered into a non-binding letter of intent with Evolution Mining Limited to form a joint venture for the development of the Nevada North Lithium Project, aiming to advance lithium exploration and meet the growing demand for battery metals [1][9]. Joint Venture Details - The initial focus of the joint venture will be to complete a Preliminary Feasibility Study (PFS) to evaluate the NNLP's development potential [2]. - The joint venture agreement is contingent upon due diligence, regulatory approvals, and Surge completing an equity financing of at least CAD$3,000,000 [2]. - Surge will hold a 77% ownership interest in the joint venture, while Evolution will own 23% [3]. Contributions and Funding - Surge will contribute all its mineral claims and rights for the NNLP, while Evolution will contribute its 75% mineral interest in an 880-acre private land portion and additional rights in over 21,000 acres surrounding the NNLP [4][5]. - Evolution will fund up to CAD$10,000,000 for the PFS, which could increase its ownership interest to 32.5% if fully satisfied [6]. Management and Governance - The joint venture will be governed by an operating committee from both parties, with Surge acting as the manager as long as it holds more than 50% ownership [7]. - A detailed budget and schedule for the PFS will be prepared and agreed upon before entering into the joint venture agreement [7]. Project Background - The Nevada North Lithium Project is located in the Granite Range, Nevada, and has identified a mineralized zone of lithium-bearing clays with an inferred resource of approximately 8.65 million tonnes of Lithium Carbonate Equivalent (LCE) [15]. - The project has a reported after-tax NPV of US$9.17 billion and an after-tax IRR of 22.8% at a lithium price of US$24,000 per tonne [15].
SuperX Forms Joint Venture with Zhonhen Electric to Revolutionize Global AI Data Center Power Infrastructure
Prnewswire· 2025-09-15 12:30
Core Viewpoint - SuperX AI Technology Limited has formed a joint venture with Zhonhen Electric to create SuperX Digital Power, focusing on High-Voltage Direct Current (HVDC) solutions to address the high energy consumption of AI computing globally, excluding Mainland China, Hong Kong, and Macau [2][3][9]. Company Overview - SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a range of products and services for AI data centers, including high-performance AI servers and HVDC solutions [11]. - Zhonhen Electric is a leading provider of HVDC technology in China, with established trust among major technology and telecom companies [6][10]. Joint Venture Details - The joint venture, SuperX Digital Power Pte. Ltd., aims to integrate Zhonhen Electric's HVDC technology with SuperX's AI infrastructure expertise, creating a comprehensive "Compute + Power" solution [3][8]. - This partnership is expected to enhance SuperX's capabilities, allowing it to offer a fully optimized solution from power-in to model-out, thereby gaining a competitive edge [13]. Technological Advantages - HVDC technology simplifies power distribution, reducing energy losses from approximately 10-15% in traditional systems to over 96% efficiency, significantly lowering operational expenditures [4][7]. - The new architecture allows for higher power density and a smaller footprint, potentially freeing up to 50% of facility space for additional AI servers [7]. Market Positioning - The collaboration positions SuperX to meet the urgent demand for energy-efficient AI data centers, providing a first-mover advantage in the global market [13]. - The partnership is seen as a strategic move to establish a new global standard for energy-efficient AI data centers, enhancing operational efficiency and reducing environmental impact [9].
Robo.ai Announces Joint Venture with Ewatt Aerospace to Establish Dubai eVTOL Company "RoVTOL"
Prnewswire· 2025-09-10 11:51
Core Viewpoint - Robo.ai Inc. and Ewatt Aerospace have established a joint venture named RoVTOL in the UAE, focusing on the global deployment of electric vertical take-off and landing (eVTOL) aircraft, marking a significant advancement in smart mobility solutions [1][2]. Group 1: Joint Venture Details - RoVTOL will leverage Robo.ai's local capabilities and regulatory support in the Middle East, along with Ewatt's eVTOL technology and products, to create a competitive edge in the global market [2][3]. - Key management appointments include Benjamin Zhai as Chairman and Steven Wang as CEO of RoVTOL [1]. Group 2: Business Focus and Strategy - RoVTOL will concentrate on global sales of eVTOL aircraft, with an initial focus on advanced models such as ET1, ET2, ET3, and ET9, and plans to establish a localized assembly facility in the UAE [4]. - The joint venture aims to build a global sales network under the "RoVTOL" brand and adapt existing products for regional markets, particularly in the Middle East and Europe, utilizing a "Technology + Resources + Localization" model [4]. Group 3: Product Lineup - The future product lineup includes: - ET1: Features intelligent fully autonomous control suitable for various scenarios [5]. - ET2: A two-seat model designed for low-altitude operations and tourism [6]. - ET3-e: An all-electric version with ultra-long endurance for public safety applications [7]. - ET3-h: A hybrid version with strong adaptability for high-frequency operations [8]. - ET9: An electric passenger aircraft designed for urban air mobility and emergency rescue [9]. - Derivative models based on ET9 for unmanned operations and logistics [10]. Group 4: Leadership Statements - Benjamin Zhai emphasized the establishment of RoVTOL as a milestone for Robo.ai, aiming to position it as a key player in the eVTOL market and contribute to Dubai's vision of becoming a "World Smart City" [11]. - Ren Wenguang highlighted the complementary strengths of both companies in accelerating technological achievements into market competitiveness [11].
FOR IMMEDIATE RELEASE UPDATE: NANO Nuclear Awarded AFWERX Direct to Phase II Contract for KRONOS MMR™ RDT&E at Joint Base Anacostia-Bolling
Globenewswire· 2025-09-09 14:42
Core Insights - NANO Nuclear Energy Inc. has been awarded a $1.25 million Direct to Phase II Small Business Innovation Research contract by AFWERX to develop the KRONOS MMR™ Energy System for the Department of the Air Force [2][4] - The KRONOS MMR™ is a high-temperature gas-cooled microreactor designed to provide 15 MWe (45 MWth) of carbon-free power, emphasizing safety and resilience [3][4] - The company aims to establish itself as a vertically integrated nuclear energy provider across multiple business lines, including microreactor technologies and nuclear fuel fabrication [5][6] Company Overview - NANO Nuclear Energy Inc. is focused on advanced nuclear technologies and aims to be a diversified company with five business lines: microreactor technologies, nuclear fuel fabrication, transportation, space applications, and consulting services [5] - The company is developing several reactor products, including the KRONOS MMR™, a portable solid core battery reactor named "ZEUS," and the space-focused LOKI MMR™ [6] Strategic Partnerships and Initiatives - The partnership with AFWERX aims to streamline the innovation process for small businesses, enhancing the speed from proposal to award [2][11] - NANO Nuclear's subsidiary, Advanced Fuel Transportation Inc., is working on providing commercial quantities of High-Assay, Low-Enriched Uranium (HALEU) fuel to various sectors, including military and national laboratories [7][8] Technological Innovations - The KRONOS MMR™ features "walk-away safety," allowing it to shut down and remain safe without human intervention, and can operate autonomously during outages [3][4] - The design of the KRONOS MMR™ allows for multiple units to be deployed together to meet varying power requirements, enhancing operational flexibility [4] Market Position and Future Outlook - NANO Nuclear is positioned as the first publicly listed portable nuclear microreactor company in the U.S., indicating a pioneering role in the market [5] - The company is exploring commercial applications of its technology in space, focusing on power systems for extraterrestrial projects [9]