ALD

Global Thin-Film Encapsulation (TFE) Market Report 2022: Growing Use of Thin-Film Barriers in Flexible and Organic Electronic Devices Bolsters Sector

Retrieved on: 
Friday, April 21, 2023

The growth of the thin-film encapsulation (TFE) market can be attributed to growing use of thin-film barriers in flexible and organic electronic devices and rising trend of TFE using inkjet printing technology.

Key Points: 
  • The growth of the thin-film encapsulation (TFE) market can be attributed to growing use of thin-film barriers in flexible and organic electronic devices and rising trend of TFE using inkjet printing technology.
  • The consumer electronics segment is expected to continue to account for the largest size of the TFE market during the forecast period.
  • The growth of OLED displays in the consumer vertical is expected to drive the TFE market growth.
  • The rising demand for OLEDs by the automotive and advertising markets will contribute significantly to the growth of the TFE market in the region.

Stellantis Strengthens and Streamlines European Financing and Leasing Services with Two New Simplified Organizations

Retrieved on: 
Tuesday, April 4, 2023

Banque PSA Finance is now renamed Stellantis Financial Services and will have a single financing entity per country covering all Stellantis brands, in partnership with BNP Paribas Personal Finance and Santander Consumer Finance.

Key Points: 
  • Banque PSA Finance is now renamed Stellantis Financial Services and will have a single financing entity per country covering all Stellantis brands, in partnership with BNP Paribas Personal Finance and Santander Consumer Finance.
  • Stellantis also announces the creation of a multi-brand operational leasing company, Leasys, which is a 50/50 joint venture with Crédit Agricole Consumer Finance following the consolidation of Leasys and Free2move Lease.
  • Its objective is to become the European leasing leader with the target of reaching a fleet of one million vehicles by 2026.
  • “Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer.

Moving iMage Technologies Awarded Contract for New Flix Brewhouse Dine-In Cinema in Mansfield, Texas

Retrieved on: 
Thursday, April 6, 2023

Moving iMage Technologies (NYSE American: MITQ) ("MiT"), a leading cinema technology company, today announced it received an award from Flix Brewhouse for a nine-screen luxury dine-in theater in Mansfield, Texas.

Key Points: 
  • Moving iMage Technologies (NYSE American: MITQ) ("MiT"), a leading cinema technology company, today announced it received an award from Flix Brewhouse for a nine-screen luxury dine-in theater in Mansfield, Texas.
  • "We are grateful for the opportunity to work with Flix on the Mansfield location," said Jerry Van de Rydt, senior vice president FF&E Sales.
  • Flix CEO Chance Robertson commented: “We are beyond thrilled to at last bring our unique brand of dining and entertainment to life in Mansfield.
  • The movies are back in force in 2023 and our team is thrilled to bring our tenth dine-in cinema brewpub nationally and fifth in Texas.

ALD Automotive and ChargePoint Create New EV Charging Business to Accelerate Electrification

Retrieved on: 
Tuesday, April 4, 2023

ALD Automotive, a leading global sustainable mobility player, has signed an international agreement with ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, to create a new EV charging business in Europe for international and local corporate clients.

Key Points: 
  • ALD Automotive, a leading global sustainable mobility player, has signed an international agreement with ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, to create a new EV charging business in Europe for international and local corporate clients.
  • The joint initiative aims to create a unique electric Mobility Service Provider (eMSP) to accelerate corporate fleet electrification.
  • View the full release here: https://www.businesswire.com/news/home/20230404005219/en/
    The joint initiative between ALD and ChargePoint aims to create a unique electric Mobility Service Provider (eMSP) to accelerate corporate fleet electrification.
  • This new EV charging business for fleets is a reinforcement of the partnership between ALD Automotive and ChargePoint who have been working closely since 2019 together to offer a comprehensive portfolio of bundled leasing and charging services.

Poxel Reports Financial Results for Full Year 2022 and Provides Corporate Update

Retrieved on: 
Thursday, March 23, 2023

POXEL SA (Euronext: POXEL - FR0012432516) (Paris:POXEL), a clinical stage biopharmaceutical company developing innovative treatments for serious chronic diseases with metabolic pathophysiology, including non-alcoholic steatohepatitis (NASH) and rare metabolic disorders, today announced its results for the year ended December 31, 2022 and provided a corporate update.

Key Points: 
  • POXEL SA (Euronext: POXEL - FR0012432516) (Paris:POXEL), a clinical stage biopharmaceutical company developing innovative treatments for serious chronic diseases with metabolic pathophysiology, including non-alcoholic steatohepatitis (NASH) and rare metabolic disorders, today announced its results for the year ended December 31, 2022 and provided a corporate update.
  • Based on recent sales trends, Sumitomo has increased its fiscal year 20223 forecast by 20% to JPY 1.8 billion6 (EUR 12.8 million)5.
  • For the Sumitomo fiscal year 2023 (ending March 31, 2024), as a conservative assumption, Poxel expects to receive 8% royalties on TWYMEEG net sales.
  • Beyond 2024, Poxel expects to receive escalating double-digit royalties as well as additional sales-based payments upon achievement of contractually based sales thresholds.

Poxel Announces Cash Runway Extended Through Q2 2025 Based upon Debt Restructuring Agreement and New Equity-linked Financing Facility

Retrieved on: 
Thursday, March 23, 2023

With these agreements, assuming the full drawdown of the new equity-linked financing facility, the Company has extended its cash runway and expects to fund its operations and capital expenditure requirements through Q2 2025.

Key Points: 
  • With these agreements, assuming the full drawdown of the new equity-linked financing facility, the Company has extended its cash runway and expects to fund its operations and capital expenditure requirements through Q2 2025.
  • Based on the conservative forecast agreed upon by the Company and its lenders, amortization payments would be postponed until Q1 2025.
  • In addition, the agreement with IPF now offers more flexibility under the financial covenants, as detailed in the dedicated section below.
  • According to a schedule based on conservative TWYMEEG revenue projections, the Company expects the debt to be fully repaid in Q2 2029 at the latest.

Stellantis and Crédit Agricole Consumer Finance Joint Venture Plans to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg

Retrieved on: 
Wednesday, March 22, 2023

This announcement constitutes an immediate acceleration of the two companies’ ambitions in mobility and vehicle long-term leasing.

Key Points: 
  • This announcement constitutes an immediate acceleration of the two companies’ ambitions in mobility and vehicle long-term leasing.
  • This announcement follows the partnership agreements between Stellantis and Crédit Agricole Consumer Finance announced in December 2021 regarding the creation of a common NewCo, a European leader in long-term vehicle leasing, and the takeover by Crédit Agricole Consumer Finance of 100% of FCA Bank’s capital.
  • “Together, Leasys and Free2move Lease currently represent a fleet of approximately 828,000 vehicles.”
    Stellantis and Crédit Agricole Consumer Finance also announce the signing of an agreement relating to the sale of ALD’s activities in Ireland, Norway and Portugal, as well as LeasePlan’s activities in the Czech Republic, Finland and Luxembourg.
  • These disposals would take place according to the commitments made by ALD to the European Commission in connection with the proposed acquisition of LeasePlan by ALD.

Global ALD Equipment Market 2022 to 2028: Seamlessly Growing Semiconductor Industry Fuels Demand

Retrieved on: 
Thursday, March 2, 2023

The Global ALD Equipment Market size is expected to reach $6.5 billion by 2028, rising at a market growth of 8.3% CAGR during the forecast period.

Key Points: 
  • The Global ALD Equipment Market size is expected to reach $6.5 billion by 2028, rising at a market growth of 8.3% CAGR during the forecast period.
  • This is anticipated to fuel the expansion of the ALD equipment market since ALD makes it possible to deposit ultra-thin Nanolayers on a variety of substrates.
  • Therefore, the growth of the ALD equipment market is witnessing exponential growth due to the increasing demand for photovoltaics.
  • This factor is impeding the growth of the ALD equipment market.

Wheels, Donlen and LeasePlan Unite Under Wheels Brand Name

Retrieved on: 
Tuesday, February 28, 2023

DES PLAINES, Ill. and ALPHARETTA, Ga. and HAMILTON, Bermuda, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Following the previously announced LeasePlan USA and Wheels Donlen merger under Athene, the company today announced that they will brand the combined organization as Wheels.

Key Points: 
  • DES PLAINES, Ill. and ALPHARETTA, Ga. and HAMILTON, Bermuda, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Following the previously announced LeasePlan USA and Wheels Donlen merger under Athene, the company today announced that they will brand the combined organization as Wheels.
  • The new Wheels brand builds on the shared history of all three legacy organizations as leaders in fleet management and mobility, while leveraging the strong brand recognition of the Wheels name.
  • Each company has many contributions and history within the industry, always putting clients at the heart of everything they do.
  • Although the name Wheels remains, this is a New Wheels which builds upon:
    CEO Shlomo Crandus said: “We’re thrilled to unify our three organizations into one cohesive business under the new Wheels brand.

Anovion and Forge Nano Sign Offtake Agreement for the Supply of Synthetic Graphite Anode Powders Optimized With Atomic Armor™ for Next-Generation Lithium-Ion Batteries

Retrieved on: 
Tuesday, February 21, 2023

CHICAGO and DENVER, Feb. 21, 2023 /PRNewswire/ -- Anovion, an innovation-led, U.S.-based producer of battery materials with the mission of securing the domestic lithium-ion battery supply chain, and Forge Nano, Inc., a global leader in precision nano-coating technology, have signed an agreement for the supply of Anovion's American-made, commercial-scale synthetic graphite anode products with Forge Nano's proprietary Atomic Armor™ surface technology platform for next-generation anode materials.

Key Points: 
  • This agreement ensures security of supply for Forge Nano's graphite anode demand for their planned lithium-ion battery cell manufacturing.
  • "We are thrilled to be taking this next step in our partnership with Forge Nano," said Eric Stopka, Chief Executive Officer of Anovion.
  • Forge Nano and Anovion have already completed initial development work together and demonstrated that ALD coatings on Anovion graphite anode materials can deliver industry-leading performance.
  • "We are excited to be partnering with Anovion to create the highest performance synthetic graphite anodes available using Atomic Armor™," said Paul Lichty, CEO at Forge Nano.