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Dubai, United Arab Emirates-Sunday 9 May 2021 [ AETOS Wire ]

CE-Ventures, the venture capital platform of UAE-based Crescent Enterprises, has already invested AED 500 million in start-ups
Over AED 3.6 billion of follow-on funding raised to date by its investee companies
In Q1 2021, global venture investments reached AED 450 billion, marking a 94% increase year over year
CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion (USD 272 million) by 2022. Since its inception in 2017, CE-Ventures has already invested over AED 500 million (USD 136 million) in 32 start-ups and VC funds across the Middle East & North Africa (MENA), the US, India, and Southeast Asia.

Crescent Enterprises is a multinational company headquartered in the United Arab Emirates. It operates under four platforms: CE-Operates, CE-Invests, CE-Ventur ... Read more »

Electrical Distributor Installs Commercial Solar with Tigo Optimizers on Central Brazilian Headquarters
CAMPBELL, Calif.-Saturday 8 May 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, announced today that Stark Renováveis has used the Tigo TS4-A-O to mitigate energy lost due to shade on their corporate headquarters in São José do Rio Preto, Brazil. Their confidence in Tigo’s solution drove the selection of the products for their own use. The Tigo solution gives installers and commercial system owners the freedom to choose their preferred inverters and panels along with the right features for optimized, monitored and PV safe systems.

The Stark Renováveis team chose a rooftop PV system with 405 Wp modules organized in multiple strings and using GoodWeTM grid-tied inverters. The optimum placement of the modules was on a roof bordering a large construction wall wh ... Read more »

 SUNNYVALE, Calif.-Saturday 8 May 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- EAG Laboratories is expanding its medical device testing capabilities with a new 20,000 square-foot laboratory located in St. Louis, Mo.

The new laboratory is a bespoke design to support the requirements of the medical device industry. It increases EAG’s analytical capabilities, allows for improved turnaround times and helps meet evolving requirements from the FDA as well as the European Union Medical Device Regulations (MDR).

Specialty features of the laboratory include:

A cleanroom designed for particle isolation and identification
A dedicated medical device polymer analysis laboratory
State-of the-art instrumentation to support biocompatitility testing of ISO 10993-18 programs for medical devices and combination products
EAG scientists have been investigating and resolving product failures for more than half a century and have a deep understanding o ... Read more »

MIAMISBURG, Ohio-Saturday 8 May 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- Founded in 2013, Aerobiotix, a rapidly growing global medical company has raised a $25 million of growth equity financing. The round was led by Vivo Capital with participation by Asahi Kasei Ventures. The new funding will be used to accelerate sales, marketing, and new product development. The Company’s infection control products have been used to support thousands of procedures across multiple surgical specialty disciplines and in over 175 hospitals and multiple long-term care facilities.

Aerobiotix has developed a novel suite of FDA 510(k) cleared hospital-based air decontamination products and its devices are supported by multiple peer-reviewed research studies. Aerobiotix devices, such as the operating-room based ILLUVIA® system, are used by leading healthcare centers to reduce bacterial and viral contamination, including SARS-CoV-2 and other emerging pathogens. Aerobiotix products pr ... Read more »

New Climate Change Models Show Impact of Climate Change on Losses; Losses from Hurricanes Could Increase by 24 percent by 2050

NEWARK, Calif.-Friday 7 May 2021 [ AETOS Wire ]

(BUSINESS WIRE) -- RMS, the world’s leading catastrophe risk modeling and solutions company, revealed that according to its new Climate Change Models, and based on today’s exposures, insured average annual losses (AAL) from North Atlantic Hurricane wind could increase by as much as 24 percent by 2050*, and European Flood risk AAL could increase by up to 59 percent by 2050**, based on no mitigating factors taken.

The new RMS Climate Change Models combine the RMS financial impact modeling framework with the best climate science consensus, including from the Intergovernmental Panel on Climate Change (IPCC). Generally available in June 2021, these models provide the most comprehensive climate change insights for North Atlantic Hurricane, Europe Inland Flood, and Europe Win ... Read more »

Thousands of oxygen concentrators and converters, hundreds of thousands of masks among aid being airlifted to India

MEMPHIS, Tenn.-Saturday 8 May 2021 [ AETOS Wire ]

(BUSINESS WIRE)-- As India and its healthcare systems face a surge in COVID-19 infections across the country, FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is working with organizations around the world to deliver critical medical supplies and equipment during this crisis.

FedEx is currently supporting the transportation of more than 25,000 oxygen concentrators and converters through an initiative with the U.S.-India Strategic Partnership Forum and other multinational companies. An initial shipment of 1,000 critical oxygen concentrators was delivered by FedEx to New Delhi on April 30 as part of this collective.

On May 8, FedEx is donating a FedEx Boeing 777F charter flight to move more than 3,400 oxygen concentrators, ... Read more »