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Space42 Debuts on Abu Dhabi Securities Exchange Following Merger of Bayanat and Yahsat

  • Space42 is a new, UAE–based AI–powered SpaceTech company with a global reach, integrating satellite communications, geospatial analytics, and artificial intelligence capabilities
  • Space42 advances the UAE’s Space and AI Strategies and will be a strategic asset in diversifying the nation’s economy
  • Peng Xiao, Group CEO of G42 rang the ADX market opening bell to celebrate this significant milestone
  • Space42 will trade on ADX under the “SPACE42” ticker

ABU DHABI, United Arab Emirates, Oct. 01, 2024 (GLOBE NEWSWIRE) — Space42 (ADX: SPACE42) made its trading debut on the Abu Dhabi Securities Exchange (ADX) today following the successful merger completion of Bayanat, a leading AI–powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (Yahsat), the UAE’s flagship satellite solutions provider. Space42 is the UAE’s new AI–powered SpaceTech company with a global reach.

Integrating Bayanat’s advanced geospatial analytics and Yahsat’s leading satellite communications with AI capabilities enables Space42 to address the rapidly evolving needs of the global SpaceTech industry. The combined capabilities deliver advanced business intelligence solutions to governments, enterprises, and communities.

Led by Karim Michel Sabbagh as Managing Director, Space42 comprises two business units: Yahsat Space Services and Bayanat Smart Solutions. The Yahsat Space Services unit, led by Yahsat CEO Ali Al Hashemi, focuses on upstream satellite operations for fixed and mobility satellite solutions. The Bayanat Smart Solutions unit, led by Bayanat Managing Director Hasan Al Hosani, integrates geospatial data acquisition and processing with an AI–driven multi–intelligence platform, gIQ. Operating as one integrated company, the expertise of each unit aids in decision–making, enhances situational awareness, and improves operational efficiency. The executive team also includes Andrew Cole as Chief Financial Officer.

To celebrate this milestone, His Excellency Mansoor Al Mansoori, Chairman of Space42, commented: “The launch of Space42 represents a bold step forward, not just for our company, but for the UAE’s vision of becoming a global leader in AI and space technology. By integrating the strengths of Bayanat and Yahsat, we are expanding the horizon of what’s possible. Space42 is set to redefine the future of SpaceTech, and we invite the world to join us in this journey of imagination, collaboration, innovation, and boundless opportunity.”

Karim Michel Sabbagh, Managing Director of Space42, commented: “Space42 transforms the SpaceTech industry by optimizing Bayanat and Yahsat’s complementary strengths and scale. It reflects the UAE’s proactive approach to integrate AI and space technology to identify solutions that positively impact communities. At the intersection of space and AI, Space42 harnesses innovative, reliable, and cost–effective products and services that meet the expanding demands of our growing customer base.”

Abdulla Salem Alnuaimi, Group CEO of Abu Dhabi Securities Exchange (ADX), said: “Innovation is a key driver of progress and sustainable development. The merger of two leading entities to create Space42, which is now listed on ADX, represents a major milestone not only for the UAE but also for the global space technology and AI sectors. ADX is proud to have supported the successes of Bayanat and Yahsat, and we are now excited to support Space42 as it embarks on its journey as a newly formed, AI–enabled company. This public listing brings fresh investment opportunities and significant growth potential that will drive Abu Dhabi’s space ambitions while contributing to the nation’s broader economic strategy. We warmly welcome Space42 as the newest member of the ADX family and remain committed to supporting all our listed issuers in their growth and development.”

Hasan Al Hosani, Chief Executive Officer of Bayanat Smart Solutions, said: “Space42 marks a transformative moment in the SpaceTech landscape, uniting Bayanat and Yahsat to forge a new frontier in innovation. By seamlessly blending the UAE’s visionary approach to AI and space technology, we are set to unveil solutions that not only meet but exceed the evolving needs of the industry worldwide. At the crossroads of technology and exploration, Space42 is dedicated to pioneering breakthroughs that inspire progress and drive positive change on a global scale. Our mission is to harness the power of space and AI to empower a brighter future, reinforcing the UAE's role as a beacon of excellence and leadership in the global space economy.”

Ali Al Hashemi, Chief Executive Officer of Yahsat Space Services, added: “Our next chapter as Space42 will be filled with disruptive innovations. Space42 offers unparalleled solutions and services that advance the industry significantly. The unified efforts of our teams drive innovation and set new benchmarks for excellence in the SpaceTech industry, leveraging our advanced satellite infrastructure covering 80% of the world’s population. We are proud to be part of a milestone moment for the UAE and the industry and rise to the challenge of being a change agent for good.”

As the UAE positions itself firmly in the AI and Space industries, Space42 will contribute to advancing these technologies and solidify the country’s position as a regional leader and a significant player globally. Space42 aligns with the UAE’s accelerating efforts to achieve the objectives of the National Space Strategy 2030 and the AI Strategy 2031. The business is dedicated to boosting in–country manufacturing, positioning the UAE as a key provider across the space value chain. This commitment enhances national capabilities and strengthens efforts to nurture new generations of space and AI engineers and experts in a dynamic and rapidly evolving sector.

ABOUT SPACE42
Space42 (ADX: SPACE42) is a UAE–based AI–powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space42’s global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises of two business units: Yahsat Space Services and Bayanat Smart Solutions. The Yahsat Space Services unit focuses on upstream satellite operations for both fixed and mobility satellite solutions. The Bayanat Smart Solutions unit integrates geospatial data acquisition and processing with AI to inform decision–making, enhance situational awareness, and improve operational efficiency. Space42’s major shareholders include G42, Mubadala and IHC.

For more information, visit www.space42.ai, follow us on X @Space42ai, Instagram @Space42ai.

For media inquiries, please contact:
TrailRunner International
Hannah Guenther
space42@trailrunnerint.com
+971 58 591 0602

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/4eb70579–b355–4831–985c–9be615658356

https://www.globenewswire.com/NewsRoom/AttachmentNg/7ff48193–3d17–4931–ac64–36f8189ea714


GLOBENEWSWIRE (Distribution ID 1000995079)

PayMate Announces Intent to Acquire DigiAsia

Valuing DigiAsia at US $400 Million

Introduces PayMate in Indonesia with Immediate Market Share Expansion, Targeting 2025 Public Listing

MUMBAI, India and NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) — PayMate India (“PayMate”), a leading provider of B2B payments and services with reputable investors such as Visa & Lightbox, today announced that it has entered into a binding term sheet (the “Proposed Transaction”) for the potential acquisition of DigiAsia Bios Pte Ltd., Singapore, a leading Fintech–as–a–Service (FaaS) company in Indonesia and a fully owned subsidiary of DigiAsia Corporation (NASDAQ: FAAS) (“DigiAsia”).

Under the terms of the Proposed Transaction, an enterprise valuation of US $400 Million for DigiAsia’s business has been determined. Additionally, post the Proposed Transaction, PayMate intends to invest up to US $25 Million in cash, the aggregate financing structure and terms will be finalized in mutual agreement. PayMate and DigiAsia will continue joint due diligence on both entities, identification of the right transaction structure, entering into definitive agreements and the necessary corporate and regulatory approvals of PayMate and DigiAsia which is expected to take up to 60 days. Subsequent to the closing of the Proposed Transaction, PayMate intends to initiate proceedings to list the combined entity in India.

About PayMate

PayMate India Ltd – a leading digital B2B payments company that empowers businesses of all sizes to enhance financial efficiency and streamline B2B payments. The platform simplifies and digitizes B2B payment processes, optimizing working capital, and ensuring timely supplier payments. PayMate's solutions encompass Accounts Payable, Accounts Receivable, Invoice Discounting, Cross Border and Embedded Finance. In FY24, PayMate processed USD 10.5 billion in transactions, serving over 522,000 customers worldwide. With a strong presence in India, CEMEA, and APAC regions, PayMate is the trusted partner for businesses seeking to streamline payment processes.

For more information, visit https://paymate.in/ or follow us on LinkedIn.

About DigiAsia

DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model offering its complete Fintech solution in emerging markets. DigiAsia's fintech architecture offers small and medium business enterprises (SMEs) comprehensive embedded finance APIs to streamline processes across the commerce value chain of distributors and customers. DigiAsia's embedded fintech solutions equally address democratizing digital finance access that supports financial inclusion of underbanked merchants and consumers in emerging markets resulting in growth for enterprise business. The suite of B2B2X solutions provided by DigiAsia include, but are not limited to, cashless payments, digital wallets, digital banking, remittances and banking licenses. DigiAsia has recently established a strategic initiative to develop its embedded FaaS enterprise solution with AI capabilities in Southeast Asia, India, and the Middle East, with plans for global expansion. For more information, please visit DigiAsia’s Corporate website here or Investor Relations website here.

Forward–Looking Statements:

This press release may contain forward–looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward–looking statements. All statements other than statements of historical fact are statements that may be deemed forward–looking statements. These forward–looking statements including, but not limited to, statements concerning DigiAsia and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia’s Form 20–F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward–looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward–looking information, whether of the nature contained in this release or otherwise, in the future.

PayMate Contact DigiAsia Company Contact:
   
Vishvanathan Subramanian Subir Lohani
   
Wholetime Director & Chief Financial Officer Chief Financial Officer and Chief Strategy Officer
   
91–22–2661 6178 646–480–0142
   
Email: corporate@paymate.co.in Investor Contact:
   
  MZ North America
   
  Email: FAAS@mzgroup.us


GLOBENEWSWIRE (Distribution ID 9235533)

ZRG تستحوذ على Linked4HR وتعين Hicham Hachkal عضواً منتدباً لاستشارات توظيف التنفيذيين المؤقتين والموارد البشرية في منطقتي الشرق الأوسط وأفريقيا

نيويورك ودبي, Sept. 05, 2024 (GLOBE NEWSWIRE) — أعلنت اليوم شركة ZRG عن استحواذها على شركة Linked4HR Solutions لخدمات التعيينات التنفيذية المؤقتة واستشارات الموارد البشرية في منطقة الشرق الأوسط وأفريقيا وتعيين Hicham Hachkal عضواً منتدباً لاستشارات توظيف التنفيذيين المؤقتين والموارد البشرية.

يملك Hicham Hachkal خبرة عريضة كمدير تنفيذي للموارد البشرية؛ إذ يتمتع بمسيرة مهنية متميزة تمتد لأكثر من 25 عاماً شهدت تقلده مناصب قيادية في بيئات متنوعة متعددة الجنسيات. وقد أصبح، بفضل خبرته العريضة بجانب خلفيته الأكاديمية، رائداً ذائع الصيت في مجال الموارد البشرية.

استفاد Hicham، بصفته المؤسس والرئيس التنفيذي لشركة Linked4HR، من خبرته الواسعة في إدارة خدمات استشارات الموارد البشرية المبتكرة وتوظيف التنفيذيين المؤقتين، حيث بنى من الصفر مؤسسة حديثة ومبتكرة شهدت نموًا هائلاً في جميع أنحاء الشرق الأوسط وأفريقيا وأوروبا. ساهمت قيادته في هذه المناطق بدور أساسي في تشكيل استراتيجيات موارد بشرية ناجحة وتحقيق نتائج استثنائية لمجموعة كبيرة من العملاء.

قبل ذلك، عمل Hicham مستشاراً تنفيذياً مؤقتاً في شركة Valtus، وهي شركة أوروبية رائدة في مجال توظيف التنفيذيين المؤقتين، حيث قاد عملية تحويل شركة ناشئة إلى مؤسسة من طراز عالمي. يُعرف معهد الابتكار التكنولوجي (TII) بأنه مركز عالمي رائد لأبحاث التكنولوجيا المتقدمة يتخذ من دولة الإمارات مقراً له ويركز على الأبحاث التطبيقية والتكنولوجيا الرائدة في مجال التشفير والأنظمة الآمنة والذكاء الاصطناعي/التعلم الآلي وأنظمة الروبوتات المستقلة والطاقة الموجهة والأمن الرقمي والمواد المتقدمة، والحوسبة الكمومية.

وقد شهد دوره كنائب رئيس الموارد البشرية في شركة Borr Drilling قيادة مبادرات استراتيجية للموارد البشرية ساهمت في تحقيق نمو كبير على مستوى العالم، بما في ذلك الإدراج الناجح للشركة في البورصة الأمريكية. من خلال المناصب السابقة التي شغلها Hicham في شركة Seadrill وBG Group (وهي الآن جزء من شركة SHELL)، وشركة Schlumberger، أثبت Hicham باستمرار قدرته على إدارة عمليات الموارد البشرية على نطاق واسع، ودفع عجلة التحول في الأعمال، وتعزيز الفعالية التنظيمية في مناطق متعددة.

“من جهته صرّح Larry Hartmann، الرئيس التنفيذي لشركة ZRG، قائلاً: “نحن سعداء بانضمام Hicham Hachkal إلى فريقنا في ZRG. ستضيف خبرته الواسعة وخلفيته التعليمية القوية وسجله الحافل بالنجاحات في قيادة الموارد البشرية وتوظيف التنفيذيين المؤقت قيمة لا تقدر بثمن في الوقت الذي نوسع فيه وجودنا وقدراتنا في الشرق الأوسط وأفريقيا. وتتماشى خبراته القيادية ورؤيته تماماً مع التزامنا بتقديم حلول مواهب عالمية المستوى لعملائنا.”

وقد أعرب Hicham Hachkal عن سعادته بالانضمام إلى ZRG Partners قائلاً “يسعدني أن أنضم إلى ZRG Partners. إن خبرتي كقائد في مجال الموارد البشرية في مختلف البلدان والصناعات، بالإضافة إلى رحلتي الناجحة في ريادة الأعمال مع Linked4HR، قد أعدتني لهذا الحقبة المقبلة في مسيرتي. يسعدني أن أنضم لشركة ZRG Partners لكي أصل إلى آفاق جديدة وأواصل تقديم قيمة استثنائية لعملائنا.”

حصل Hicham Hachkal على درجة الماجستير في إدارة الموارد البشرية من معهد Arts et Métiers كما درس دارسات عليا في الموارد البشرية من معهد الدراسات السياسية (Science Po) في باريس. وقد زودته خلفيته التعليمية بفهم قوي للجوانب الاستراتيجية والتشغيلية للموارد البشرية وهو ما طبقه طوال مسيرته المهنية.

نبذة عن ZRG

شركة ZRG هي شركة استشارية عالمية للمواهب تعمل إلى إحداث ثورة في كيفية توظيف الشركات للمواهب وإدارتها. تعمل ZRG على تغيير الطريقة التي يفكر بها العملاء في العثور على أفضل المواهب من خلال نهج قائم على البيانات في البحث التنفيذي والمهني. تجمع منصة Zi الرقمية الخاصة بالشركة بين ذكاء البحث عن المواهب وجمع معلومات متعمقة عن المرشحين وتحسينات عمليات التعيين لتقديم عمليات بحث عن الموظفين التنفيذيين بسرعة أكبر وبنتائج أفضل ثبت نجاحها.

وبدعم من شركة استثمارات الأسهم الخاصة RFE Investment Partners، تُعد ZRG واحدة من أسرع الشركات نموًا في مجال البحث عن الموظفين، حيث تقدم مجموعة كاملة من حلول البحث عن المواهب المحتفظ بها والمواهب عند الطلب والاستشارات والحلول الاستشارية في جميع أنحاء الأمريكتين وآسيا وأوروبا وأستراليا.

جهة الاتصال: John Mooney, Over the Moon PR, (908) 720–6057, john@overthemoonpr.com


GLOBENEWSWIRE (Distribution ID 9225679)

Integrated Power Services übernimmt Vermögenswerte des Geschäftsbereichs ABB Industrial Services

GREENVILLE, South Carolina, Sept. 05, 2024 (GLOBE NEWSWIRE) — Integrated Power Services (IPS), ein nordamerikanischer Marktführer für die Wartung, Entwicklung und Wiederaufarbeitung von elektrischen, mechanischen und Energiemanagementsystemen, hat die Übernahme des Geschäftsbereichs ABB Industrial Services mit Wirkung zum 31. August 2024 abgeschlossen. Mit Standorten in Arizona, Indiana, North Carolina, Alberta und Ontario bietet ABB Industrial Services Reparatur– und Vor–Ort–Service für Elektromotoren mit bis zu 50.000 PS und Nieder– und Mittelspannungsschaltanlagen von 480 V bis 15 kV in höchster Qualität. Diese Servicezentren führen auch Reparaturen an rotierenden Geräten wie Pumpen, Kompressoren, Gebläsen, Lagern, Getrieben und OHV–Antriebssträngen für den Bergbau durch.

„Diese Übernahme ermöglicht es IPS, Standorte hinzuzufügen, an denen Kunden uns aufgefordert haben, Dienstleistungen anzubieten“, so John Zuleger, President und CEO von IPS. „Diese fünf Standorte werden unsere Kapazitäten in den Bereichen erneuerbare Energien, Kupferabbau und industrielle Dienstleistungen im Bereich Energiemanagement auf dem Anschlussmarkt erweitern. Darüber hinaus wird IPS nun 115 weitere talentierte Mitarbeiter sowie die bewährte Technologie und das Know–how aus dem Portfolio von General Electric und ABB an diesen neu erworbenen Standorten beherbergen.“

Die Übernahme von ABB Industrial Services folgt der Übernahme des ABB–Geschäfts für die Reparatur von Wasserkraftgeneratoren und Transformatoren durch IPS im Juni 2022. Die fünf ABB–Servicecenter für Elektromotoren, Generatoren, Mechanik, Schaltanlagen und Leistungsschalter für die Industrie waren Teil einer Übernahme von General Electric Industrial Solutions durch ABB im Juni 2018.

„IPS ist auf 88 Standorte angewachsen und bedient die Vereinigten Staaten, Kanada, das Vereinigte Königreich, Europa und die Karibik“, so Zuleger. „IPS strebt danach, der einzige Ansprechpartner und vertrauenswürdige Berater für die kritischen Infrastrukturherausforderungen unserer Kunden zu werden. Mit einem Dienstleistungsangebot, das von der Stromerzeugung und industriellen Prozessen über Umspannwerke und Stromübertragung bis hin zu elektrischen Anlagen und Elektromotoren reicht, bietet IPS die breiteste Palette an Dienstleistungen und ist in der Lage, Probleme zu lösen, die nur wenige Anbieter bewältigen können. Wir sind bestrebt, die Zuverlässigkeit zu revolutionieren, indem wir unsere Vision und Fähigkeit weiterentwickeln, auf die größten Zuverlässigkeitsprobleme unserer Kunden zu reagieren, sie zu überdenken und zu lösen.“

Über Integrated Power Services (IPS)  
Integrated Power Services (IPS) ist ein führender Anbieter von Dienstleistungen, Entwicklung und Wiederaufarbeitung für elektrische, mechanische und Energiemanagementsysteme. Mit einem Schwerpunkt auf branchenspezifischem Fachwissen und einem umfassenden Leistungsspektrum unterstützt IPS kritische Infrastrukturen bei einer Vielzahl von Kunden. IPS hat seinen Hauptsitz in Greenville, South Carolina, und betreibt das größte Netzwerk der Branche mit Service– und Vertriebszentren, Außenstellen und strategisch günstig gelegenen Lagern in ganz Nordamerika, Großbritannien und der Karibik. Jeder Standort von IPS ist so ausgestattet, dass er komplexe Herausforderungen bewältigen, neu durchdenken und lösen kann. Er bietet Zugang zu einem umfangreichen globalen Talentpool und Ressourcen für nahtlose Lösungen aus einer Hand. Weitere Informationen finden Sie unter www.ips.us.

Zur sofortigen Veröffentlichung  
Medienkontakt: Casey Blevins, VP of Marketing 
pr@ips.us oder 864.451.5617

Ein Foto zu dieser Mitteilung ist verfügbar unter https://www.globenewswire.com/NewsRoom/AttachmentNg/d8d7aa53–e1c6–42e1–b5ef–dd18db565202


GLOBENEWSWIRE (Distribution ID 9225647)

Integrated Power Services fait l’acquisition des actifs de l’activité ABB Industrial Services

GREENVILLE, Caroline du Sud, 05 sept. 2024 (GLOBE NEWSWIRE) — Integrated Power Services (IPS), un leader en Amérique du Nord spécialisé dans l’entretien, l’ingénierie et la remise à neuf de systèmes électriques, mécaniques et de gestion de l’énergie, a finalisé le 31 août 2024 son acquisition de l’activité ABB Industrial Services. Depuis ses installations en Arizona, Indiana, Caroline du Nord, Alberta et Ontario, ABB Industrial Services offre des capacités de réparation et de service sur site de la plus haute qualité pour les moteurs électriques jusqu’à 50 000 HP et les équipements de commutation basse et moyenne tension de 480 V à 15 kV. Ces centres de service assurent également la réparation des équipements rotatifs, y compris les pompes, compresseurs, souffleurs, roulements, boîtes de vitesses et groupes motopropulseurs des véhicules hors route.

« Cette acquisition permettra à IPS d’élargir son offre dans les régions où les clients nous ont demandé des services », a déclaré John Zuleger, Président et PDG d’IPS. « Ces cinq sites renforceront nos capacités dans les domaines des énergies renouvelables, de l’extraction du cuivre et des services industriels après–vente de gestion de l’énergie. De plus, IPS accueillera désormais 115 employés talentueux supplémentaires, ainsi que la technologie et l’expertise issues de l’héritage de General Electric et d’ABB sur ces sites récemment acquis. »

L’acquisition d’ABB Industrial Services fait suite à l’acquisition par IPS de l’activité de réparation d’hydrogénérateurs et de transformateurs d’ABB en juin 2022. Les cinq centres de services industriels d’ABB pour les moteurs électriques, les générateurs, la mécanique, l’appareillage de commutation et les disjoncteurs faisaient partie de l’acquisition de General Electric Industrial Solutions par ABB en juin 2018.

« IPS a développé son activité dans 88 sites, couvrant les États–Unis, le Canada, le Royaume–Uni, l’Europe et les Caraïbes », a ajouté John Zuleger. « IPS aspire à devenir la seule référence, le conseiller de confiance auprès de nos clients pour relever les défis qu’ils rencontrent en matière d’infrastructures critiques. Avec une offre de services qui couvre la production d’énergie et les processus industriels, les sous–stations et la transmission, l’équilibre électrique de l’usine et les moteurs électriques, IPS fournit la gamme de services la plus large et peut ainsi résoudre des problèmes que peu de fournisseurs sont capables de traiter. Nous sommes déterminés à révolutionner la fiabilité en faisant progresser notre vision et capacité à relever, repenser et résoudre les plus grands défis de nos clients en matière de fiabilité. »

À propos d’Integrated Power Services (IPS)  
Integrated Power Services (IPS) est un leader spécialisé dans l’entretien, l’ingénierie et la remise à neuf de systèmes électriques, mécaniques et de gestion de l’énergie. En privilégiant une expertise propre à l’industrie et une gamme complète de compétences, IPS soutient les infrastructures critiques de clients très variés. Avec son siège à Greenville, en Caroline du Sud, IPS exploite le plus grand réseau du secteur, avec des centres de service et de distribution, des bureaux locaux et des entrepôts stratégiquement situés en Amérique du Nord, au Royaume–Uni et dans les Caraïbes. Chaque site IPS est équipé de manière à relever, repenser et résoudre des défis complexes, offrant un accès à une vaste réserve de talents et de ressources à l’échelle mondiale pour des solutions intégrées, provenant d’une source unique. Pour en savoir plus, consultez notre site sur www.ips.us.

Pour publication immédiate  
Contact médias : Casey Blevins, VP du marketing 
pr@ips.us ou 864.451.5617

Une photo accompagnant ce communiqué est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/d8d7aa53–e1c6–42e1–b5ef–dd18db565202


GLOBENEWSWIRE (Distribution ID 9225647)

ZRG Acquires Linked4HR, Adds Hicham Hachkal as Managing Director for Interim and HR Advisory in Middle East and Africa Regions

NEW YORK and DUBAI, Sept. 04, 2024 (GLOBE NEWSWIRE) — ZRG today announced the acquisition of Linked4HR Solutions' Executive Interim & HR Advisory services in the Middle East and Africa (MENA) region and the addition of Hicham Hachkal as Managing Director for Interim and HR Advisory.

Hicham Hachkal is a seasoned Human Resources executive with a distinguished career spanning over 25 years, marked by leadership in diverse, multinational environments. His deep expertise, combined with a strong academic background, has made him a recognized leader in the HR field.

As the Founder and CEO of Linked4HR, Hicham leveraged his extensive expertise to drive innovative HR consulting and interim executive placements, building from scratch a modern and innovative organization that experienced an exponential growth across the Middle East, Africa, and Europe. His leadership in these regions has been instrumental in shaping successful HR strategies and delivering exceptional results for a wide range of clients.

Prior to that, Hicham served as Interim Executive Consultant at Valtus, a leading European executive Interim firm, where he led the transformation of a start–up into a world–class institute. Technology Innovation Institute (TII) is recognized as a leading global advanced technology research center based in UAE and focuses on applied research and ground–breaking technology in Crypto, Secure System, AI/ML, Autonomous systems, Directed Energy, Digital Security, Advanced Material. and Quantum Computing.

His role as Vice President of Human Resources at Borr Drilling saw him spearhead strategic HR initiatives that drove significant growth globally, including a successful U.S. listing. With past roles at Seadrill, BG Group (now part of SHELL), and Schlumberger, Hicham has consistently demonstrated his ability to manage large–scale HR operations, drive business transformation, and enhance organizational effectiveness across multiple regions.

“We are thrilled to have Hicham Hachkal join our team at ZRG,” said Larry Hartmann, CEO of ZRG. “His extensive experience, strong educational background, and successful track record in HR leadership and interim executive placement will be invaluable as we expand our presence and capabilities in the Middle East and Africa. Hicham’s leadership and vision align perfectly with our commitment to delivering world–class talent solutions to our clients.”

Hicham Hachkal expressed his enthusiasm about joining ZRG Partners, stating: “I am delighted to be part of ZRG Partners. My experience as an HR leader across various countries and industries, combined with my successful entrepreneurship journey with Linked4HR, has prepared me for this next chapter. I am now thrilled to join forces with ZRG Partners to reach new heights and continue delivering exceptional value to our clients.”

Hicham holds a Master's degree in Human Resources Management from Arts et Métiers and a Postgraduate degree in HR from IEP (Science Po. Paris). His educational background has provided him with a robust understanding of both the strategic and operational aspects of HR, which he has applied throughout his career.

About ZRG

ZRG is a global talent advisory firm that is revolutionizing how companies hire and manage talent. With a data–driven approach to executive and professional search, ZRG is changing the way clients think about finding top talent. The company’s digital Zi platform combines talent intelligence, candidate insights, and process improvements to deliver executive searches more quickly and with proven better results.

Backed by private equity investor RFE Investment Partners, ZRG is one of the fastest–growing firms in the search industry, offering a full suite of retained search, on–demand talent, and consulting and advisory solutions across the Americas, Asia, Europe, and Australia.

Contact: John Mooney, Over the Moon PR, (908) 720–6057, john@overthemoonpr.com


GLOBENEWSWIRE (Distribution ID 9224973)

Integrated Power Services Acquires Assets of ABB Industrial Services Business

GREENVILLE, S.C., Sept. 03, 2024 (GLOBE NEWSWIRE) — Integrated Power Services (IPS), a North American leader in the servicing, engineering, and remanufacturing of electrical, mechanical, and power management systems, has finalized the acquisition of ABB’s Industrial Services business, effective August 31, 2024. With locations in Arizona, Indiana, North Carolina, Alberta, and Ontario, ABB Industrial Services provides the highest–quality repair and field service capabilities for electric motors up to 50,000 HP and low– and medium–voltage switchgear equipment from 480V to 15kV. These service centers also perform rotating equipment repair of pumps, compressors, blowers, bearings, gearboxes, and OHV mining drivetrains.   

“This acquisition will permit IPS to add locations where customers have urged us to offer services” said John Zuleger, IPS President and CEO. “These five locations will enhance our capabilities in renewables, copper mining, and power management aftermarket industrial services. Additionally, IPS will now be the home of 115 additional talented employees, and the legacy technology and expertise from the General Electric and ABB heritage of these newly acquired sites.”   

The acquisition of ABB Industrial Services follows IPS’s acquisition of ABB’s hydrogenerator and transformer repair business in June 2022. The five ABB electric motor, generator, mechanical, switchgear, and circuit breaker industrial service centers were a part of a General Electric Industrial Solutions acquisition by ABB in June 2018.  

“IPS has grown to 88 locations, serving the United States, Canada, the United Kingdom, Europe, and the Caribbean,” said Zuleger. “IPS aspires to become the single source, trusted advisor for our customers’ critical infrastructure challenges. With service offerings that span from power generation and industrial processes, to substations and transmission, to electrical balance of plant and electric motors, IPS delivers the widest range of services and is able to solve problems few providers can. We are committed to revolutionizing reliability, as we advance our vision and ability to respond, rethink, and resolve our customer’s biggest reliability challenges.”      

About Integrated Power Services (IPS)  
Integrated Power Services (IPS) is a leading provider of service, engineering, and remanufacturing for electrical, mechanical, and power management systems. With a focus on industry–specific expertise and a comprehensive range of capabilities, IPS supports critical infrastructure across a wide range of customers. Headquartered in Greenville, South Carolina, IPS operates the largest network in the industry, with service and distribution centers, field offices, and strategically located warehouses across North America, the United Kingdom, and the Caribbean. Each IPS location is equipped to respond, rethink, and resolve complex challenges, offering access to an extensive global talent pool and resources for seamless, single–source solutions. To learn more, visit www.ips.us. 

For immediate release  
Media contact: Casey Blevins, VP of Marketing 
pr@ips.us or 864.451.5617 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8d7aa53–e1c6–42e1–b5ef–dd18db565202


GLOBENEWSWIRE (Distribution ID 9224874)

Music Licensing, Inc. (OTC: SONG) gibt den Erwerb der Lizenzrechte an „Thank God I Got It“ von Desiigner bekannt und stärkt damit sein vielfältiges und starbesetztes Portfolio

NAPLES, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), ein führendes Unternehmen in der Musikindustrie, freut sich, den Erwerb der Lizenzrechte an „Thank God I Got It“ des bekannten Künstlers Desiigner bekannt zu geben. Diese Akquisition unterstreicht das Engagement von Music Licensing, Inc. bei der Diversifizierung seines Portfolios mit hochwertigen, Einnahmen generierenden Vermögenswerten.

Dieser strategische Kauf reiht sich ein in eine Reihe von Akquisitionen, die Music Licensing, Inc. in letzter Zeit getätigt hat, darunter Musikwerke von Künstlern wie Elton John, Miley Cyrus, Lil Wayne, Rihanna, The Weeknd, Kanye West, Justin Bieber, Mike Posner, Halsey und vielen anderen. Diese Akquisitionen stehen im Einklang mit der Strategie des Unternehmens, in ein breites Spektrum an musikalischen Talenten und Genres zu investieren, um das Angebot und die Attraktivität für ein weltweites Publikum zu erhöhen.

Jake P. Noch, CEO von Music Licensing, Inc., kommentierte die Akquisition: „Die Sicherung der Rechte an ‚Thank God I Got It‘ zusammen mit Werken von anderen Größen der Musikindustrie stärkt unser Portfolio erheblich und positioniert uns für weiteres Wachstum. Jeder dieser Künstler bringt einen einzigartigen Sound und eine einzigartige Fangemeinde mit, was das Potenzial für robuste Tantiemenströme erhöht und die Vermögensbasis unseres Unternehmens bereichert.“

Die Aufnahme von „Thank God I Got It“ in den Katalog von Music Licensing, Inc. ist Teil der breit angelegten Strategie des Unternehmens, hochwirksame Musikwerke, die nachhaltige Einnahmen und kulturelle Relevanz versprechen, zu nutzen. Durch die Investition in eine breite Palette von Musiklizenzen stellt das Unternehmen ein dynamisches Portfolio sicher, das den vielfältigen Geschmack des Musikpublikums trifft und seine Marktposition als führendes Unternehmen in der Musikindustrie festigt.

Hören Sie sich „Thank God I Got It“ von Desiigner hier an.

Über Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

Music Licensing, Inc. (OTC: SONG), auch bekannt als Pro Music Rights, ist eine diversifizierte Holdinggesellschaft und die fünfte in den Vereinigten Staaten gegründete Organisation für öffentliche Aufführungsrechte (PRO). Zu seinen Lizenznehmern gehören namhafte Unternehmen wie TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo und viele andere. Pro Music Rights hält einen geschätzten Marktanteil von 7,4% in den Vereinigten Staaten und vertritt über 2.500.000 Werke von namhaften Künstlern wie A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert und unzählige andere, sowie künstliche Intelligenz (A. I.) erstellte Musik.

Außerdem hat Music Licensing, Inc. (OTC: SONG) Lizenzrechte an dem Antiseptikum Listerine „Mouthwash“ und an Musikwerken von Künstlern wie The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne–Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, und zahlreichen anderen.

Zukunftsgerichtete Aussagen:

Diese Pressemitteilung enthält bestimmte zukunftsgerichtete Aussagen im Sinne von Abschnitt 27A des Securities Act von 1933 in seiner geänderten Fassung und Abschnitt 21E des Securities Exchange Act von 1934, die durch die dadurch geschaffenen Safe Harbors abgedeckt werden sollen. Investoren werden darauf hingewiesen, dass alle zukunftsgerichteten Aussagen Risiken und Ungewissheiten beinhalten, einschließlich, aber nicht beschränkt auf die Fähigkeit von Music Licensing, Inc. & Pro Music Rights, Inc. ihren erklärten Geschäftsplan zu verwirklichen. Music Licensing, Inc. und Pro Music Rights, Inc. sind der Ansicht, dass die Annahmen, die den hierin enthaltenen zukunftsgerichteten Aussagen zugrunde liegen, vernünftig sind, aber jede der Annahmen könnte sich als ungenau erweisen, und daher kann nicht garantiert werden, dass sich die in dieser Pressemitteilung enthaltenen zukunftsgerichteten Aussagen als richtig erweisen. In Anbetracht der erheblichen Ungewissheiten, die mit den hierin enthaltenen zukunftsgerichteten Aussagen verbunden sind, sollte die Aufnahme solcher Informationen nicht als Zusicherung von Pro Music Rights, Inc. oder Music Licensing, Inc. oder einer anderen Person angesehen werden.

Offenlegung nicht–rechtlicher Beratung:

Diese Pressemitteilung stellt keine Rechtsberatung dar, und den Lesern wird empfohlen, bei rechtlichen Angelegenheiten oder Fragen im Zusammenhang mit dem Inhalt dieser Pressemitteilung einen Rechtsbeistand zu konsultieren.

Offenlegung von Nicht–Anlageberatung:

Diese Mitteilung dient ausschließlich zu Informationszwecken und stellt in keiner Weise eine Empfehlung oder Aufforderung zum Kauf oder Verkauf von Wertpapieren, Rohstoffen, Anleihen, Optionen, Derivaten oder anderen Anlageprodukten dar. Alle Entscheidungen in Bezug auf Investitionen sollten nach gründlicher Recherche und nach Rücksprache mit einem qualifizierten Finanzberater oder Fachmann getroffen werden. Wir übernehmen keine Haftung für Handlungen, die auf der Grundlage der in dieser Mitteilung enthaltenen Informationen unternommen oder nicht unternommen werden.

Kontakt: investors@ProMusicRights.com

QUELLE: Music Licensing, Inc.


GLOBENEWSWIRE (Distribution ID 9223976)

Music Licensing, Inc. (OTC: SONG) anuncia aquisição de direitos autorais de “Thank God I Got It” de Desiigner, reforçando seu portfólio diversificado e repleto de estrelas

NAPLES, Flórida, Sept. 03, 2024 (GLOBE NEWSWIRE) — A Music Licensing, Inc. (OTC: SONG), uma entidade líder na indústria musical, tem o prazer de anunciar a aquisição dos direitos autorais de “Thank God I Got It”, do renomado artista Desiigner. Esta aquisição ressalta o comprometimento da Music Licensing, Inc. em diversificar seu portfólio com ativos de alta qualidade e geradores de receita.

Esta compra estratégica se soma a uma série de aquisições recentes da Music Licensing, Inc., incluindo obras musicais de artistas icônicos como Elton John, Miley Cyrus, Lil Wayne, Rihanna, The Weeknd, Kanye West, Justin Bieber, Mike Posner, Halsey e muitos outros. Essas aquisições se alinham à estratégia da empresa de investir em uma ampla variedade de talentos e gêneros musicais, aprimorando suas ofertas e atraindo um público global.

Jake P. Noch, CEO da Music Licensing, Inc., comentou sobre a aquisição: “Garantir os direitos de 'Thank God I Got It' juntamente com obras de outros gigantes da indústria musical fortalece significativamente o nosso portfólio e nos coloca em posição favorável para um crescimento contínuo. “Cada um desses artistas traz um som e uma base de fãs únicos, aumentando o potencial para fluxos de royalties sólidos e enriquecendo a base de ativos da nossa empresa.”

A adição de “Thank God I Got It” ao catálogo da Music Licensing, Inc. faz parte da estratégia mais ampla da empresa de alavancar obras musicais de alto impacto que prometem receita sustentável e relevância cultural. Ao investir em uma ampla variedade de royalties musicais, a empresa garante um portfólio dinâmico que atende aos diversos gostos do público ouvinte de música e consolida sua posição de mercado como líder na indústria musical.

Ouça “Thank God I Got It” de Desiigner aqui.

Sobre Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

Music Licensing, Inc. (OTC: SONG), também conhecida como Pro Music Rights, é uma holding diversificada e a quinta organização de direitos de execução pública (PRO) formada nos Estados Unidos. Entre seus licenciados estão empresas notáveis ​​como TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo e muitas outras. A Pro Music Rights detém uma participação de mercado estimada de 7,4% nos Estados Unidos, representando mais de 2.500.000 obras de artistas notáveis ​​como A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert e inúmeros outros, bem como música criada por inteligência artificial (IA).

Além disso, a Music Licensing, Inc. (OTC: SONG) possui participações em royalties no Listerine “Mouthwash” Antiseptic e em obras musicais de artistas como The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne–Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna e muitos outros.

Declarações prospectivas:

Este comunicado à imprensa contém certas declarações prospectivas dentro do significado da Seção 27A do Securities Act de 1933, conforme alterado, e da Seção 21E do Securities Exchange Act de 1934, as quais devem ser abrangidas pelos portos seguros criados por elas. Os investidores são advertidos de que todas as declarações prospectivas envolvem incertezas e riscos, incluindo, entre outros, a capacidade da Music Licensing, Inc. e da Pro Music Rights, Inc. de cumprir seu plano de negócios declarado. A Music Licensing, Inc. e a Pro Music Rights, Inc. acreditam que as suposições subjacentes às declarações prospectivas aqui contidas são razoáveis, cientes de que qualquer uma das suposições pode ser imprecisa e, portanto, não há garantia de que as declarações prospectivas incluídas neste comunicado à imprensa sejam precisas. Tendo em vista as incertezas significativas inerentes às declarações prospectivas aqui incluídas, a inclusão de tais informações não deve ser considerada uma representação da Pro Music Rights, Inc., Music Licensing, Inc. ou de qualquer outra pessoa.

Divulgação de aconselhamento não jurídico:

Este comunicado à imprensa não constitui aconselhamento jurídico, e os leitores são aconselhados a procurar aconselhamento jurídico para quaisquer questões ou dúvidas jurídicas relacionadas ao conteúdo aqui contido.

Divulgação de aconselhamento não relacionado a investimentos:

Esta comunicação tem fins exclusivamente informativos e não implica ou constitui de forma alguma uma recomendação ou solicitação para a compra ou venda de quaisquer papéis, commodities, títulos, opções, derivativos ou quaisquer outros produtos de investimento. Quaisquer decisões relacionadas a investimentos devem ser tomadas após pesquisa completa e consulta com um consultor ou profissional financeiro qualificado. Não assumimos qualquer responsabilidade por quaisquer ações tomadas ou não tomadas com base nas informações fornecidas nesta comunicação.

Contato: investors@ProMusicRights.com

FONTE: Music Licensing, Inc


GLOBENEWSWIRE (Distribution ID 9223976)

Music Licensing, Inc. (OTC: SONG) Announces Acquisition of Royalty Rights to “Thank God I Got It” by Desiigner, Bolstering Its Diverse and Star-Studded Portfolio

NAPLES, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), a leading entity in the music industry, is excited to announce the acquisition of the royalty rights to “Thank God I Got It” by the renowned artist Desiigner. This acquisition underscores Music Licensing, Inc.'s commitment to diversifying its portfolio with high–quality, revenue–generating assets.

This strategic purchase adds to a series of recent acquisitions by Music Licensing, Inc., including musical works by iconic artists such as Elton John, Miley Cyrus, Lil Wayne, Rihanna, The Weeknd, Kanye West, Justin Bieber, Mike Posner, Halsey, & many more. These acquisitions align with the company's strategy to invest in a broad range of musical talents and genres, enhancing its offerings and appeal to a global audience.

Jake P. Noch, CEO of Music Licensing, Inc., commented on the acquisition, “Securing the rights to 'Thank God I Got It' alongside works from other music industry giants significantly strengthens our portfolio and positions us for continued growth. Each of these artists brings a unique sound and fanbase, increasing the potential for robust royalty streams and enriching our company’s asset base.”

The addition of “Thank God I Got It” to Music Licensing, Inc.'s catalog is part of the company's broader strategy to leverage high–impact musical works that promise sustainable revenue and cultural relevance. By investing in a wide array of music royalties, the company ensures a dynamic portfolio that meets the diverse tastes of the music listening public and solidifies its market position as a leader in the music industry.

Listen to “Thank God I Got It” by Desiigner here.

About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as artificial intelligence (A.I.) created music.

Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine “Mouthwash” Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne–Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and numerous others.

Forward–Looking Statements:

This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward–looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward–looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward–looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward–looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Non–Legal Advice Disclosure:

This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

Non–Investment Advice Disclosure:

This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication.

Contact: investors@ProMusicRights.com

SOURCE: Music Licensing, Inc


GLOBENEWSWIRE (Distribution ID 9223975)