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 SES to be first customer for on-orbit satellite refuelling service and have more flexibility, resiliency in fleet management

LUXEMBOURG-Wednesday, June 28th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- SES (Euronext Paris:SESG) (LuxX:SESG) and MDA, a global communications and information company, announced today an agreement for an initial satellite life extension mission using an on-orbit refuelling vehicle being built by SSL, a US based subsidiary of MDA and a leading provider of innovative satellites and spacecraft systems.

SES will be the first commercial customer to benefit from the satellite refuelling service, and will be able to activate the service whenever required with minimal disruption to spacecraft operation. The agreement also includes an option for further life extension missions.

SES will work with a new venture, Space Infrastructure Services (SIS), which will commercialise sophisticated satellite servicing capabilities. SIS has contr ... Read more »

WESTLAKE VILLAGE, Calif. -Tuesday, June 27th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Dole Food Company, Inc. (“Dole”) announced today the commencement of a consent solicitation regarding certain amendments (the “Amendments”) to the Indenture, dated as of April 6, 2017, among Dole, DFC Holdings, LLC (“Holdings”), as a guarantor, the subsidiary guarantors party thereto, and Wilmington Trust, National Association, as trustee (the “Trustee”), governing its 7.25% Senior Secured Notes due 2025 (the “Notes”) (the “Indenture”). Currently, the aggregate outstanding principal amount of Notes is $300,000,000.

The Amendments would release Holdings from its guarantee under the Indenture (and its other limited obligations under the Indenture and the Security Documents (as defined in the Indenture)), in each case, upon the consummation of a Qualified IPO (as defined in the Indenture) with respect to the common s ... Read more »

Appoints Steve Bullock to drive growth in North America and Richard Eichhorn to strengthen presence in Europe, Middle East and Africa

LONDON-Friday, June 23rd 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- Sterlite Tech [BSE:532374, NSE:STRTECH], an end-to-end global technology leader in smarter digital networks, has strengthened its global leadership team with the appointment of Steve Bullock in North America and Richard Eichhorn in EMEA to lead and strengthen its business initiatives in these geographies.
Sterlite Tech engages in six continents and more than 100 countries, with a smarter digital networks focused business panning across optical communication products, system integration services and OSS/BSS software. The company has a unique silicon-to-software capability that enables it to design, build and manage smarter data networks for key customers such as global service providers, smart cities, rural broadband and large enterprises.
With 146 patents and ind ... Read more »

Dubai, United Arab Emirates -Tuesday, June 27th 2017 [ ME NewsWire ]
Europe provides many opportunities for entrepreneurs and investors looking to invest and do business in this progressive economy. Various countries in Europe have their own visa and immigration programs for entrepreneurs of foreign origin. Applying and obtaining an investor visa for Europe with WWICS’s expert immigration services is easy and convenient.
Cyprus and Portugal are the best economies to invest in Europe currently, with some great options that make getting a second passport a hassle-free experience for the aspirants.  Chance of becoming a permanent resident in under 3 months, no specific language requirements, dual citizenship, free trade within the EU and Low tax rates, no restrictions on living, working and studying in Europe and owning land in an EU member state are some of the benefits of living in Europe.
Cyprus is diverse, culturally rich and perfectly placed for workin ... Read more »

HOUSTON-Thursday, June 22nd 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Schlumberger Limited (NYSE: SLB) (“Schlumberger”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC Capital”) to purchase up to 2 million shares of Schlumberger common stock, representing approximately 0.14 percent of Schlumberger’s shares of common stock outstanding. TRC Capital’s offer price of $65.63 per share is approximately 4.3 percent below the closing price per share of Schlumberger’s common stock on June 16, 2017, the last trading day before the commencement of TRC Capital’s offer.

Schlumberger does not endorse TRC Capital’s unsolicited mini-tender offer and is not associated in any way with TRC Capital, its mini-tender offer, or its mini-tender offer documents.

Because TRC Capital’s offer price is at a price below the current market price for Schlumberger’s common stoc ... Read more »

Primacom to double broadband speeds by efficiently leveraging SES Networks’ fully-managed Maritime+ service

LUXEMBOURG-Monday, June 26th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- SES (Euronext Paris:SESG) (LuxX:SESG) announced today it has signed a multi-year agreement with leading Indonesian satellite communications provider Primacom (PT Primacom Interbuana). Primacom will use SES Networks’ Maritime+ service to deliver the highest levels of reliable high-speed broadband connectivity to vessels operating in Asia-Pacific region.

The innovative fully-managed service will enable Primacom to double broadband speeds for connecting vessels traversing international and domestic maritime routes within the Asia-Pacific region.

SES Networks’ Maritime+ service combines SES’s global ground and space infrastructure to deliver the highest levels of reliability and connectivity to vessels that are seeking connected and autonomous shipping ... Read more »

● Additional €500 million investment planned to increase production capacity at Bologna factory to meet growing adult smoker demand for HEETS for use with IQOS.

● Up to 600 new jobs expected to be created.

 LAUSANNE, Switzerland-Tuesday, June 27th 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today announced a plan to invest an additional approximately €500 million to expand capacity at the company’s smoke-free product manufacturing facility in Crespellano (Bologna, Italy).
The facility at Crespellano is PMI’s first dedicated manufacturing facility for large scale production of HEETS, the tobacco units used with the electronic tobacco heating device IQOS.
Completed in September 2016, the facility currently employs over 600 people with a high level of technical expertise in areas such as mechanical engineering electronics and chemistry. The expansion is expected to b ... Read more »

TOKYO-Thursday, June 22nd 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Toshiba Corporation (TOKYO:6502) hereby announces that its board of directors today resolved to select the consortium of Innovation Network Corporation of Japan, Bain Capital Private Equity LP, and Development Bank of Japan (“the Consortium”) a preferred bidder in respect of the sale of Toshiba Memory Corporation (“TMC”).

TMC was split from Toshiba Corporation on April 1, 2017, as a wholly owned subsidiary responsible for Toshiba’s memory business. This was done toward securing further management resources essential for the continued growth of the memory business, and to support Toshiba in enhancing its financial structure.

Toshiba has determined that the Consortium has presented the best proposal, not only in terms of valuation, but also in respect to certainty of closing, retention of employees, and maintenance of sensitive technology within Japan.

Followi ... Read more »

WALTHAM, Mass.-Tuesday, June 27th 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- Optimized for single-handed operation, the EPOCH 6LT flaw detector combines a leading-edge ergonomic design with powerful ultrasonic functionality in an instrument built specifically for rope access and high portability applications.
The design of the EPOCH 6LT flaw detector, from form factor to the user interface, is optimized for user comfort, making it easy to use with one hand, so rope access inspection technicians and users that require high portability can do their work comfortably and efficiently.
Fits securely in one hand with minimal wrist fatigue: weighs just 1.95 lbs (890 g) with a grip-oriented weight distribution
Attaches to a user’s leg or harness: rope access technicians can secure the instrument for hands-free operation
Users can navigate the menu using just their thumb: the rotary knob and simple button design make it easy to navigate through the UI, even whi ... Read more »