Tag: Group

Safire Group Awarded Added US Air Drive Modest Organization Innovation Exploration (SBIR) Section II Deal on Adapting the Company’s ground breaking Lithium-ion (Li-ion) Battery Protection Technological innovation

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Safire Team Awarded Added US Air Force Small Enterprise Innovation Research (SBIR) Phase II Deal on adapting the company’s ground breaking Lithium-ion (Li-ion) battery security technologies.

Safire Technology Team, Inc. (“Safire Group”) announces it has been picked by AFWERX for an extra SBIR Stage II in the sum of $1.25M concentrated on adapting the company’s ground breaking Lithium-ion (Li-ion) battery protection technological know-how, Harmless Effect Resistant Electrolyte (SAFIRE™), to improve the general performance and survivability of Unmanned Floor Vehicles (UGVs) and AI-driven surveillance systems in intense temperature environments for the Office of the Air Drive (DAF).

Safire Group’s proprietary ballistic/fireproof additive for Li-ion batteries gives enhanced thermal balance and functionality in severe climates, significantly improving the following technology of property remaining deployed for Pressure Security.

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The Air Force Research Laboratory and AFWERX have partnered to streamline the Compact Business enterprise Innovation Investigate (SBIR) and Tiny Small business Know-how Transfer (STTR) process by accelerating the compact business encounter as a result of a speedier proposal to award timelines, modifying the pool of potential applicants by growing opportunities to compact company and getting rid of bureaucratic overhead by regularly utilizing method enhancement changes in deal execution.

The DAF began presenting ‘The Open Topic’ SBIR/STTR application in 2018 which expanded the variety of innovations the DAF funded, and now Safire Team will continue its journey to make and offer progressive abilities that will reinforce the national defense of the United States of America.

About Safire

Safire Know-how Team, Inc. is a venture-backed corporation building innovative battery basic safety technological know-how that improves thermal balance and improves Li-ion based system performance. The company’s core know-how, Risk-free Impression Resistant Electrolyte (SAFIRE), is the world’s to start with patented and proprietary drop-in additive for Lithium-ion batteries that stops hearth and explosion as a result of an instantaneous shear-thickening upon kinetic impacts, such as electrical vehicle or e-bike crashes.

SAFIRE know-how provides a secure, conveniently integrable option for EVs and other Li-ion-powered units, ensuing in enhanced protection, thermal steadiness, and increased performance. For additional details, check out: www.safire.co.

About AFRL

Sole corporation top the preparing & execution of USAF & USSF science & engineering systems. Orchestrates a earth-large government, sector & academia coalition in the discovery, growth & shipping and delivery of a vast vary of revolutionary know-how. Delivers major-edge warfighting capabilities trying to keep air, area and cyberspace forces the world’s ideal. Employs 10,800 army, civilian, and contractor personnel at 17 research web sites executing an annual $4B spending budget. For far more information, pay a visit to: www.afresearchlab.com.

About AFWERX

AFWERX is an Air Power Investigation Laboratory Directorate that connects innovators across government, sector and academia. By innovation and collaboration with our nation’s top subject matter-make a difference industry experts, AFWERX harnesses the energy of ingenuity of inner talent while increasing engineering, expertise and changeover partnerships for speedy and very affordable industrial and army functionality. More data is offered at: www.afwerx.com/.

About AFVentures

AFVentures invests in emerging technologies to scale Division of

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RMR Science Systems Inc. Offers Update on Proposed Business enterprise Blend with Turnium Technological know-how Group, Inc.

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Vancouver, British Columbia–(Newsfile Corp. – April 8, 2022) – RMR Science Systems Inc. (TSXV: RMS.P) (“RMR” or the “Firm”) is delighted to supply an update with respect to the arm’s length company mix of RMR and Turnium Technology Group, Inc. (“Turnium”), pursuant to which RMR will acquire all of the issued and superb securities of Turnium (the “Transaction”). On completion, the Transaction will represent a reverse just take-about of RMR by Turnium which will represent RMR’s “Qualifying Transaction” below Plan 2.4 – Capital Pool Firms of the TSX Undertaking Exchange, with the resulting firm to be renamed “Turnium Technological innovation Group Inc.” (the “Ensuing Issuer”).

Non-public Placement

In relationship with the completion of the Transaction, on April 8, 2022, Turnium completed a private placement of: (i) the brokered sale of 2,764,984 membership receipts (the “Subscription Receipts”) for combination gross proceeds of C$1.54 million at a rate of C$.56 per Subscription Receipt (the “Brokered Presenting”) and (ii) the non-brokered sale of 3,145,643 Membership Receipts for combination gross proceeds of C$1.76 million at a price of C$.56 for each Subscription Receipt (the “Non-Brokered Providing”, and collectively, with the Brokered Supplying, the “Private Placement”). The Membership Receipts were made and issued pursuant to the terms of a subscription receipt arrangement (the “Subscription Receipt Settlement”) involving Computershare Believe in Organization of Canada, as membership receipt agent, RMR, Turnium, Eight Cash and Canaccord Genuity Corp., on behalf of the Agents (as outlined below). Each individual Membership Receipt will be immediately converted on the fulfillment of particular escrow release situations established forth in the Membership Receipt Agreement, into a Turnium device (each individual, a “Turnium Unit”) comprised of a person Turnium common share and one particular-half of one Turnium prevalent share acquire warrant (each and every whole warrant, a “Turnium Warrant”). Each and every Turnium Warrant will entitle the holder thereof to invest in one particular widespread share of Turnium at a cost of C$.75 for each Turnium prevalent share on or right before April 8, 2024.

8 Capital and Canaccord Genuity Corp. acted as co-guide brokers for a syndicate of brokers, which included Echelon Prosperity Associates Inc. and iA Non-public Prosperity Inc. (collectively, the “Brokers”) pursuant to the conditions of an company agreement among Turnium, RMR and the Agents (the “Company Arrangement”). Pursuant to the phrases of the Agency Agreement, in consideration for their services in relationship with the Brokered Giving, the Agents been given (A) a money commission equivalent to: (i) 7.% of the combination gross proceeds of the Brokered Presenting excluding proceeds from subscribers on a president’s record as well as (ii) 3.5% of the gross proceeds of the Brokered Supplying from subscribers on a president’s record (the “Funds Fee”), and (B) these types of number of agents’ warrants (the “Payment Selections”) as is equal to: (i) 7.% of the mixture quantity of Subscription Receipts issued beneath the Brokered Providing excluding Subscription Receipts issued to president’s list subscribers and (ii) 3.% of the aggregate amount of Membership Receipts issued below the Brokered Giving

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Google Cloud Invests $1 Billion in CME Group to Tune Finance-Backing Tech

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Google Cloud has declared a mega financial commitment of $1 billion (roughly Rs. 7,434.9 crore) into US-primarily based derivatives marketplace CME Group as the two businesses enter into a new 10-12 months offer. The money providers provider will consider its processes on to Google Cloud servers. The two corporations are setting up on producing risk mitigation instruments and other consumer-benefitting platforms for people today getting into the room of “derivatives”, which are monetary instruments as a substitute of assets.

Noting that the deal would lead to price tag conserving, Terry Duffy, the Chairman and CEO of the CME Group then included, “it’s the growth and advancement of the enterprise,” though talking to a information reporter about the Google partnership.

The multi-billionaire businessman firmly thinks that each and every income stream requires to be backed up with technologies.

“Sometimes those technological innovation inputs could just take several years to apply. So this is a further way for us to capture revenues on a authentic-time foundation, acquiring underneath the Google umbrella, which is so big and huge,” Duffy extra.

The CME CEO explained the pandemic acquired him contemplating what would the environment glimpse like in the up coming five several years and so he arrived at out to Google to up the firm’s tech match.

In the meantime, Google Cloud has also acknowledged the new partnership on Twitter.

The CME team has not long ago been putting focus on featuring crypto-focussed economic providers. The enterprise has been growing its crypto offerings with micro Bitcoin and Ether futures as demand from customers for the 2nd-greatest electronic asset by market place valuation continues to increase.

Micro Bitcoin futures, for occasion, introduced in May and have since traded more than 2.7 million contracts, MSN information had claimed quoting the CME Team.

Google’s equity investment of $1 billion will be in a new series of non-voting convertible preferred stock of the CME Team.

“CME Team has a century-extended track record of serving to investors obtain new markets and is recognized for innovation in monetary marketplaces,” Thomas Kurian, CEO, Google Cloud claimed although commenting on the offer, as for every a report by the Wall Street Journal. He added that this offer will, “accelerate technological innovation in money marketplaces infrastructure”.

Interested in cryptocurrency? We explore all points crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is accessible on Apple Podcasts, Google Podcasts, Spotify, Amazon Tunes and wherever you get your podcasts.

Cryptocurrency is an unregulated digital forex, not a legal tender and subject matter to industry challenges. The details furnished in the posting is not intended to be and does not represent economical advice, trading assistance or any

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