MLC

Deloitte: Manufacturing Industry Expected to be Fundamentally Transformed by Industrial Metaverse

Retrieved on: 
Thursday, September 14, 2023
Metaverse, Organization, Knowledge, Growth, Lead, MLC, Investment, Risk, Computer security, Sales, Video game, Medical device, Management, Creative industries

A new report from Deloitte and the Manufacturing Leadership Council (MLC), " Exploring the Industrial Metaverse ," examines the opportunity for manufacturers to leverage next-gen technology by entering the industrial metaverse and its immersive three-dimensional virtual environments to spearhead ongoing transformation and improve operational efficiencies.

Key Points: 
  • A new report from Deloitte and the Manufacturing Leadership Council (MLC), " Exploring the Industrial Metaverse ," examines the opportunity for manufacturers to leverage next-gen technology by entering the industrial metaverse and its immersive three-dimensional virtual environments to spearhead ongoing transformation and improve operational efficiencies.
  • Deloitte survey shows 92 percent of manufacturing companies surveyed are leveraging the industrial metaverse currently.
  • "The manufacturing industry is positioned to springboard into the industrial metaverse.
  • " Exploring the Industrial Metaverse " is based on Deloitte and the MLC's survey of over 350 senior executives in the U.S. manufacturing industry in May 2023.

Press Release: Flavor and sustainability of plant-based food enhanced as Nicoya AB (publ) investment Foodiq OY takes global to local through its production line innovation

Retrieved on: 
Friday, September 1, 2023
Taste, CO2, MLC, Agility, Food industry, Nicoya, Agriculture, Nordic

With a focus on consumer well-being, innovation and sustainability, Foodiq's plant-based dairy process promises a brighter and greener future for the global food landscape.

Key Points: 
  • With a focus on consumer well-being, innovation and sustainability, Foodiq's plant-based dairy process promises a brighter and greener future for the global food landscape.
  • By minimizing reliance on the global raw material supply chain, this approach aims to create a more sustainable and resilient food industry.
  • "We are excited to lead the Plant-Based Food 2.0 movement with our innovative Multi-Layer Cooking (MLC) technology," said Robert Savikko, CEO of Foodiq.
  • "By combining sustainability, consumer satisfaction, and versatility, we aim to redefine the food industry, one plant-based product at a time."

Mount Logan Capital Increases Surplus with Issuance of US$12,000,000 Surplus Note

Retrieved on: 
Wednesday, August 30, 2023
Insurance, Surplus note, Growth, MLC, NEO, Reinsurance, Ability

TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) is pleased to announce that its wholly-owned subsidiary, Ability Insurance Company (“Ability”) has increased its surplus capital by raising proceeds of US$12 million through the issuance of a 10% surplus note due December 2032 (the “Surplus Note”).

Key Points: 
  • TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) is pleased to announce that its wholly-owned subsidiary, Ability Insurance Company (“Ability”) has increased its surplus capital by raising proceeds of US$12 million through the issuance of a 10% surplus note due December 2032 (the “Surplus Note”).
  • “This is an important step for Ability as we drive growth and make progress towards our long-term vision for the Company,” said Annie Elliott, the President of Ability.
  • Ted Goldthorpe, CEO of Mount Logan, added, “This is a key milestone for Mount Logan, as it allows us to continue to grow our insurance asset management business and execute on our business plan.”
    The proceeds from the Surplus Note provide additional surplus funds to Ability and will be used for general working capital purposes.
  • The note pays a 10% coupon quarterly in arrears, and performance is guaranteed by an affiliate of Ability.

Next-Generation Memory Market worth $17.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, August 21, 2023
Telecommunications, Enterprise, DSP, NRAM, SAS, NvSRAM, MLC, EHR, 3D NAND, Memory, Health information management, Configuration, MCU, Telehealth, FRAM, EEPROM, NAND, Electronics, Holographic Data Storage System, Biomedical Research, PCI Express, PMC, MTJ, Microchip Technology, NVM, Hardware, Everspin Technologies, Resistive random-access memory, MPU, MRAM, Tablet, Middleware, Honeywell, TLC, Formosa Plastics Group, Operating system, Form, SAMSUNG, EPROM, SATA, SLC, SRAM, Integrated circuit, Kioxia, Consumer electronics, FPGA, System size expansion, Computer data storage, Online shopping, Video game, Region, Software, Application, Interface, Health care, Automotive industry, Fujitsu, Flash, Geography

By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.

Key Points: 
  • By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.
  • This memory is well commercialized among next-generation non-volatile memory technologies.
  • Healthcare application segment is projected to grow at high CAGR of the next-generation memory market during the forecast period.
  • The Asia Pacific region is expected to hold the largest share of the next-generation memory market during the forecast period.

Next-Generation Memory Market worth $17.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, August 21, 2023
Telecommunications, Enterprise, DSP, NRAM, SAS, NvSRAM, MLC, EHR, 3D NAND, Memory, Health information management, Configuration, MCU, Telehealth, FRAM, EEPROM, NAND, Electronics, Holographic Data Storage System, Biomedical Research, PCI Express, PMC, MTJ, Microchip Technology, NVM, Hardware, Everspin Technologies, Resistive random-access memory, MPU, MRAM, Tablet, Middleware, Honeywell, TLC, Formosa Plastics Group, Operating system, Form, SAMSUNG, EPROM, SATA, SLC, SRAM, Integrated circuit, Kioxia, Consumer electronics, FPGA, System size expansion, Computer data storage, Online shopping, Video game, Region, Software, Application, Interface, Health care, Automotive industry, Fujitsu, Flash, Geography

By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.

Key Points: 
  • By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.
  • This memory is well commercialized among next-generation non-volatile memory technologies.
  • Healthcare application segment is projected to grow at high CAGR of the next-generation memory market during the forecast period.
  • The Asia Pacific region is expected to hold the largest share of the next-generation memory market during the forecast period.

Mount Logan Capital Inc. Obtains Loan of US$5,000,000 to Support Growth of Ability Insurance Company

Retrieved on: 
Tuesday, August 15, 2023
Debt, Loan, Partnership, MLC, Note, Judgement, NEO, Mount Logan, Bank

TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) is pleased to announce that Lind Bridge L.P. (“Lind Bridge”), a limited partnership of which Mount Logan is the sole limited partner and a wholly-owned subsidiary of Mount Logan is the sole general partner, has issued a term promissory note (the “Note”) for gross proceeds to Lind Bridge of US$5,000,000 (the “Loan Amount”).

Key Points: 
  • TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) is pleased to announce that Lind Bridge L.P. (“Lind Bridge”), a limited partnership of which Mount Logan is the sole limited partner and a wholly-owned subsidiary of Mount Logan is the sole general partner, has issued a term promissory note (the “Note”) for gross proceeds to Lind Bridge of US$5,000,000 (the “Loan Amount”).
  • Pursuant to the Note, Lind Bridge has borrowed the Loan Amount and has agreed to pay interest to the lender on the unpaid principal amount of the Note, including PIK Interest (as defined below) (the “Principal Amount”) at a rate per annum equal to 7.5% before and after demand, maturity, default and/or judgment until the full and final repayment of the Principal Amount.
  • Interest shall be calculated, compounded and paid-in-kind in by being capitalized and added to the outstanding principal balance of the Note quarterly in arrears on the first business day of the first month of each quarter commencing on October 1, 2023 (the “PIK Interest”), and shall be payable on April 1st, 2025 (the “Maturity Date”) together with the outstanding Principal Amount, provided that the amount repaid to the lender in full satisfaction of the obligations of Lind Bridge under the Note shall result in a minimum 4% return on the Loan Amount.
  • Lind Bridge intends to contribute the Loan Amount to its wholly-owned subsidiary, Ability Insurance Company (“Ability”) which amount will be used by Ability to support the reinsurance of additional annuities in order to grow Ability’s assets, and further diversity the business of Ability away from its long-term care business.

Mount Logan Capital Inc. Announces Entry into Business Combination With Canaccord Genuity G Ventures Corp.

Retrieved on: 
Monday, August 14, 2023
Odyssey, Ontario Superior Court of Justice, Insurance, Minority, LLP, Indian stock exchange, Par value, MI, Ontario Securities Commission, Model Business Corporation Act, NEO Exchange, Disclosure, Arrangement, Exchange, Part, Business analyst, Warrant, Blake, Cassels & Graydon, Prospectus, MLC, Per stirpes, Court, Growth, Multilateral, NEO, Combination, Security (finance), Mount Logan

Business Combination provides Mount Logan with capital to be utilized across the business to support growth initiatives and scale the business.

Key Points: 
  • Business Combination provides Mount Logan with capital to be utilized across the business to support growth initiatives and scale the business.
  • Subject to completion of the Business Combination, all members of the board of directors of Mount Logan are expected to continue as directors of Mount Logan.
  • Pursuant to the Arrangement Agreement, Mount Logan and G-Corp have agreed to use commercially reasonable efforts to assist G-Corp in completing the Business Combination.
  • Mount Logan and G-Corp also agreed to operate the business to be acquired by Mount Logan in the ordinary course pending completion of the Business Combination.

Micron Launches Memory Expansion Module Portfolio to Accelerate CXL 2.0 Adoption

Retrieved on: 
Monday, August 7, 2023
Database, Integrated circuit, Software as a service, CXL, DRAM, Marketing, AMD, TB, TEP, RDIMM, Micrometre, History, Architecture, Organization, AMD EPYC, Running, MLC, CPU, Engineering, Intel, TPC, Compute Express Link, Micron Technology, Ecosystem, AI, Maine Learning Technology Initiative, Supermicro, Xeon, Memory, GB, Computer data storage, Video game

By leveraging a unique dual-channel memory architecture and Micron’s high-volume production DRAM process, the Micron CZ120 delivers higher module capacity and increased bandwidth.

Key Points: 
  • By leveraging a unique dual-channel memory architecture and Micron’s high-volume production DRAM process, the Micron CZ120 delivers higher module capacity and increased bandwidth.
  • “Micron is advancing the adoption of CXL memory with this CZ120 sampling milestone to key customers,” commented Siva Makineni, vice president of the Micron Advanced Memory Systems Group.
  • “We have been developing and testing our CZ120 memory expansion modules utilizing both Intel and AMD platforms capable of supporting the CXL standard.
  • With the introduction of the CXL standard, we have extended our joint efforts to include the Micron CZ120 memory expansion module.

Catch the Cricket Fever: Sixes Social Cricket Opens to Rave Reviews in Dallas

Retrieved on: 
Tuesday, July 11, 2023
Heart, Sport, Music, Food, MLC, Family, Friends, Grand Prairie, Texas, Entertainment

Sixes Social Cricket has seamlessly blended the thrill of cricket with a lively and vibrant social atmosphere.

Key Points: 
  • Sixes Social Cricket has seamlessly blended the thrill of cricket with a lively and vibrant social atmosphere.
  • With its dynamic blend of cricket, music, food, and drinks, Sixes has redefined how cricket is enjoyed in the Dallas area.
  • Jeff Lind, President of Grandscape , says "Grandscape is proud to be the home of Sixes Social Cricket in Dallas.
  • Whether you're an avid cricket fan or simply seeking a new and exciting entertainment experience, Sixes Social Cricket offers something for everyone.

Mount Logan Capital Inc. Completes Transaction with Ovation Partners, LP

Retrieved on: 
Wednesday, July 5, 2023
Employment, ML, MLC, Investment, Growth, NEO, Bank, Cryptocurrency, Mount Logan, Ovation

Mount Logan Management LLC, a wholly-owned subsidiary of Mount Logan (“ML Management”) now acts as the adviser of the alternative income platform, which is focused on investments in commercial lending, real estate lending, consumer finance and litigation finance.

Key Points: 
  • Mount Logan Management LLC, a wholly-owned subsidiary of Mount Logan (“ML Management”) now acts as the adviser of the alternative income platform, which is focused on investments in commercial lending, real estate lending, consumer finance and litigation finance.
  • On closing, Mount Logan issued to Ovation an aggregate of 3,186,398 common shares of Mount Logan at a deemed price of C$2.83.
  • Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, said, “We are excited to announce the completion of this milestone transaction for the Mount Logan platform.
  • The transaction benefits Ovation’s existing investors, is highly strategic for Mount Logan and increases revenues generated from our management fee streams, consistent with our stated growth objectives.”
    Mike Rovner, Managing Partner of Ovation added, “We are excited to officially join the Mount Logan platform.