14 companies will present live at Demo Day on June 14th, 2023 at The Four Seasons Hotel in Riyadh

RIYADH, Saudi Arabia–(BUSINESS WIRE)–500 Global, a leading multi-stage venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth, and small buyouts, today unveiled the 14 startups in Batch 5 of the Sanabil 500 MENA Seed Accelerator Program 2023.

The final set of companies that have been chosen are focused on developing solutions within a diverse range of sectors, including Fintech, Foodtech, SaaS, ML & Software, E-Commerce, and Proptech. Applicants come from the Middle East & North Africa, with Saudi Arabia, UAE, and Egypt as the top three countries. The 14 companies chosen were selected out of more than 610 applicants from MENA – making it one of the most competitive Batches since the inception of the Program.

The Sanabil 500 MENA Seed Accelerator Program provides pre-seed and seed-stage startups across the Middle East and North Africa with the foundation they need to validate and scale their business regionally and globally. More than 50 companies have already graduated from the program.

“We have been closely working with Batch 5 founders since March 2023 to help them pave their way to success. They join the 54 companies that have already graduated from the Sanabil 500 MENA Seed Accelerator Program since our launch back in early 2021. Despite global economic headwinds, we continue to strongly believe in the potential of the Saudi and MENA startup ecosystem,” said Amal Dokhan, General Partner at 500 Global MENA.

“We continue to see growing interest in the Sanabil 500 MENA Seed Accelerator Program as a new generation of entrepreneurs looks to develop their ideas and scale their businesses for success here and abroad. We’re attracting and enabling the brightest minds and best technologies that are improving the lives of people around the world, fortifying the economy and making the world a better place for all. We can’t wait to show the region and the world this next wave of innovators, thinkers, and builders,” said a Sanabil spokesperson.

The 12-week program offers founders one-on-one mentorship with a focus on business strategy development, fundraising and growth. It culminates on June 14, 2023 with Demo Day at The Four Seasons Hotel in Riyadh, in front of a live audience of key stakeholders, including accredited investors, corporates, and industry professionals. The event will also be livestreamed to a general audience on YouTube.

The following is the list of Batch 5 companies that have made it through to the final round:

Barakah (Saudi Arabia): Online marketplace for food retailers to sell their surplus products and meals.

Blassa (Tunisia): Optimizes the collection of user delivery information to help eCommerce players eliminate delivery failures and increase conversion rates.

byanat (Oman): Offers a SaaS analytics platform for telcos and utilities to scale and maintain their connected infrastructure.

CADO (UAE): Marketing tool for corporates to send custom gifts to their employees and clients, while being able to measure ROI.

Dillx (Egypt): Automates investment due diligence to mitigate risk and maximize returns.

Fintesa (Jordan): SaaS platform that allows any business to compliantly collect payments in over 200 countries for their products and services in just 10 minutes.

Konn (Jordan): SaaS platform that enables real estate developers to build fully customized homes.

LISAN (Saudi Arabia): AI-writing assistant that detects errors, understands and generates high quality content in Arabic.

LivLyt (UAE): Tech subscriptions platform that helps businesses to select and manage devices and software for their teams.

LNKO (Morocco): D2C eyewear offering affordably priced trendy eyewear by digitizing the optical value chain.

NoBueno (UAE): A talent matching platform that perfectly pairs the right companies with the right candidates.

Qardy (Egypt): A lending marketplace in MENA for Financial Institutions to fund Micro, Small & Medium Enterprises.

Sadq (Saudi Arabia): Enables individuals and businesses to execute and verify documents online to make them legally binding in seconds.

Taskheer (Saudi Arabia): An online platform that facilitates ROSCA deals and guarantees timely payments.

About 500 Global

500 Global is a multi-stage venture capital firm with $2.7B in assets under management that invests in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. We work closely with key stakeholders and advise governments on how best to support entrepreneurial ecosystems so startups can thrive. 500 Global has backed over 5,000 founders representing more than 2,800 companies operating in 80+ countries. We have invested in more than 50 companies valued at over $1 billion and 150+ companies valued at over $100 million (including private, public, and exited companies). Our 190+ team members are located in 28 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.

About Sanabil Investments

Sanabil is a financial investment company that commits approximately $2 billion in capital per annum into private investments that include venture capital, growth, and small buyouts. Since our 2009 inception with $8 billion in paid-up capital, we have seen firsthand how bold ideas can disrupt traditional business models; ideas that enable new and improved ways of producing, consuming, and experiencing things. We choose to partner with the architects of these ideas. We are a dynamic, nimble, and highly experienced team of investment professionals that provides partners with patient capital, the ability to invest across multiple funding rounds, and access to the GCC investment ecosystem. At Sanabil, we identify, invest in, and transform groundbreaking ideas into tangible realities.

Contacts

Media contact
Media Inquiries

press@500.co

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Reaffirms Phenom and its Intelligent Talent Experience platform’s consistent ability to serve EMEA’s largest companies’ complex talent demands

LONDON–(BUSINESS WIRE)–#HRTech—Phenom has been named a Strategic Leader in the 2023 Fosway 9-Grid^TM for Talent Acquisition for the third consecutive year, proving its ability to deliver higher levels of innovation, customer impact and advocacy compared to alternatives in the market. Fosway identifies Strategic Leaders as companies that provide a rich suite of capability across a broad scope of features and have the sophistication to consistently meet the needs of complex enterprise-scale customers.

Job vacancy rates recently reached record highs and the competitive talent market remains a priority on the European Union’s policy agenda, according to a European Labour Authority report. To better connect with candidates and quickly fill open roles in a scalable, sustainable way, CHROs and CEOs from today’s leading enterprises are choosing holistic solutions that leverage intelligence, automation and experience to reduce repetitive tasks, increase recruiter efficiency and hyper-personalize every part of the talent journey.

“Artificial intelligence (AI) is accelerating disruption in the TA market,” said David Wilson, CEO, Fosway Group. “Phenom’s position as a Strategic Leader on the 2023 Fosway 9-Grid for Talent Acquisition reflects the company’s continued innovation in AI and the candidate and talent experience. Recent acquisitions continue to give the company even greater traction in the European market.”

More than 500 global, diverse enterprises use Phenom’s vast network of data, contextual industry models and deep learning to achieve measurable, defensible results. Case studies of customers using the Intelligent Talent Experience platform document their ability to:

• Generate 11X more internal and external applications and achieved a 50% reduction in time to apply
• Drive a 176% increase in applications and 165% increase in hires YOY
• Deliver 8X more candidates and 20% faster hires
• Save up to 78% of recruiters’ time with automated screening and scheduling
• Decrease time to schedule an interview 98% (from 5 minutes to 5 seconds) with automation
• Increase recruiter productivity 567% and reduce agency spend
• Cut 65 days off time to hire

“Phenom continues to deliver innovation, scale technology and elevate customer support to solve the most complex talent demands of the largest enterprises across Europe,” said Mahe Bayireddi, CEO and co-founder of Phenom. “We are fully invested in the success of our customers’ teams, their outcomes and the incredible impact they’re able to drive for talent acquisition and management — and the business as a whole.”

In addition to their existing talent acquisition technology — including Career Site, CMS, CRM, Video Assessments and AI Scheduling — Phenom recently announced Phenom X+, a new platform-wide generative AI capability that bolsters efficiencies by automating content creation, surfacing actionable intelligence, and eliminating time-consuming tasks. Phenom also unveiled 18 platform intelligence and automation innovations to further transform the way employers teams hire, develop and retain talent.

Platform innovation highlights include:

• Generative AI for TA — providing sourcers, recruiters, talent marketers, and other talent acquisition professionals the ability to generate personalized content that delights candidates and dramatically speeds up the hiring process by eliminating time-consuming, manual work.
• High-Volume Hiring — automating job discovery, application submission, and offering extension processes for frontline and hourly workers.
• Automation Engine — giving organizations the backend interface and control needed to configure and iterate on hiring workflows – complete with intelligence for ongoing monitoring and qualitative analysis of performance, plus recommendations to optimize in real-time.
• Interview Intelligence — eliminating the black box of the interview process by providing transcripts, key takeaways, and actionable guidance to the hiring team to move forward with decisions faster.
• Workforce Intelligence — providing context and oversight to HR teams within their organization, including hiring trends, churn rate, retention risks and high performers, to improve talent onboarding, development and retention.
• Candidate Hub – bringing transparency to candidates throughout the hiring process, making it easy to discover relevant roles, understand hiring status, prepare for interviews, and reschedule when conflicts arise.

Companies across EMEA are successfully adopting Phenom’s Intelligent Talent Experience platform to help candidates find and choose them faster, employees develop their skills and evolve, recruiters become wildly productive, managers build stronger-performing teams, HR align employee development with company goals and HRIS create a holistic tech infrastructure through seamless integrations.

To learn more about Phenom’s Strategic Leader position, read this blog.

To see the Phenom Intelligent Talent Experience platform in action, request a demo.

About the Fosway 9-Grid

Fosway Group is Europe’s #1 HR industry analyst. The Fosway 9-Grid provides a unique assessment of the principal learning and talent supply options available to organizations in EMEA. The analysis is based on extensive independent research and insights from Fosway’s Corporate Research Network of over 250 organizations, including BP, HSBC, PwC, RBS, Sanofi, Shell, and Vodafone. Visit the Fosway website at www.fosway.com.

About Phenom

Phenom has a purpose of helping a billion people find the right job. Through AI-powered talent experiences, employers are using Phenom to hire employees faster, develop them to their full potential, and retain them longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, hiring managers, HR and HRIS — empowering over 500 diverse and global enterprises with innovative products including Phenom Career Site, Chatbot, CMS, CRM, AI Scheduling, Video Assessments, Campaigns, University Recruiting, Talent Marketplace, Career Pathing, Gigs, Mentoring, and Referrals.

Phenom has earned accolades including: Inc. 5000’s fastest-growing companies (3 consecutive years), Deloitte Technology’s Fast 500 (4 consecutive years), five Brandon Hall ‘Excellence in Technology’ awards including Gold for ‘Best Advance in AI for Business Impact,’ Business Intelligence Group’s Artificial Intelligence Excellence Awards (3 consecutive years), and a regional Timmy Award for launching and optimizing HelpOneBillion.com (2020).

Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom.

For more information, please visit www.phenom.com. Connect with Phenom on LinkedIn, Twitter, Facebook, YouTube and Instagram.

Contacts

Media:

Jennifer Lyons

Director, Global Communications

267-379-5066

jennifer.lyons@phenompeople.com

The post Phenom Named Strategic Leader in Fosway’s 9-Grid™ for Talent Acquisition 2023 for Third Consecutive Year appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Critical Minerals & Energy Investment North America Conference and Exhibition” conference has been added to ResearchAndMarkets.com’s offering.

Explore North America’s Critical Minerals & Hydrogen Energy Opportunities Spurring Investment & Innovation As Well As Discover the Potential Of Critical Energy Resources For Mining, Renewable Energy, Automotive, Aerospace, Defence, Telecommunications, And Agritech Industries

• 250 Attendees
• 45 Speakers
• 25 Sponsors & Exhibitors
• 1 Conference

Critical Raw Materials Resilience – Charting A Path Towards Greater Supply Chain Security & Sustainability

Critical Minerals & Energy Investment North America Conference and Exhibition is the only event in the Americas dedicated to the critical minerals sector discussing all aspects of exploration opportunities for traditional and emerging commodities, investment strategies, development of new technologies from mobile phones to fighter jets, critical infrastructure, transport, security & renewable energy and expansion of downstream processing to meet future global demand.

The Governments of Canada and the United States are developing National Critical Minerals Strategies that focus on supporting domestic critical mineral and material supply chains in order to reduce dependency on other countries including China, where 90% of rare earths and 60% of lithium are processed.

Supporting supply chain diversification and security of supply is of paramount importance. The event looks at key elements of responsible sourcing and processing, recycling, and green investment economy, as well as hydrogen which plays a crucial role in the global energy market’s transition to a low-carbon economy.

The host anticipates 250 senior-level executives, including over 35 mining companies ranging from explorers, and juniors to mid-tier producers, majors, and processors for two days of partnering, networking, and business matching.

MINERS MEET INVESTORS

Our investors come from private equity, asset & investment management companies, sovereign wealth funds, hedge funds, venture capital, family offices or are HNWIs and private investors.

They join us from all over Americas, Europe, Asia, the Middle East, and Australia to look out for the latest mining projects and investment opportunities.

KEY THEMES

• Mining Investment Strategies & Trends
• Bridging Mining, Energy, Automotive, Space & Defence Industries
• Critical Materials Strategy, Supply & Trade
• Resources Security, Sustainability & Hydrogen
• Global
• Commodity Trends
• Battery Metals (Lithium, Vanadium, Cobalt, Nickel and Graphite) & Electric Vehicles
• Platinum Group Metals Developments
• Rare Earth Minerals
• Emerging Metals
• M&A, Capital Raising & Financing Environment
• Risk, Government Regulations & Policy Developments
• Junior Miners, New Exploration Projects & Discoveries
• Renewable Energy Prospects
• Mining Technology Advancements
• IoT, Blockchain & Future of Mining

WHAT TO EXPECT?

TOP SPEAKERS

• The industry leaders provide new perspectives, share cutting edge content and insights to understand the fast-changing global investment landscape.

EXHIBITION

• Talk to miners & evaluate their resources projects and discover the very latest in technology and solution innovations to mining industry.

NETWORKING

• From speed networking, lunches, 1-2-1 meetings to drinks reception across 2 days you’re assured to make the right connections.

Speakers

Megan Joyce

Head of Corporate Finance, WA

ANZ

Graeme Testar

Executive Director, Corporate Finance

Argonaut Securities

Sonia Scarselli

Vice President

BHP Xplor

Rob Wilson

Head of Western Australia & Resources

Clean Energy Finance Corporation (CEFC)

Sarah Sargent

Mineral Investment Specialist

Department of Mines, Industry Regulation and Safety

Hon. Bill Johnston MLA

Minister, Mines, Petroleum, Energy & Industrial Relations

Government of Western Australia

Stephen Gauld

Managing Director & CEO

Infinite Green Energy

Ron Mitchell

Chairman

London Metal Exchange Lithium Committee

Frank van Rooyen

Senior Director – Resources & WA

Northern Australia Infrastructure Facility

Peter Pham

Managing Director & Principal Fund Manager

Phoenix Capital Group

Henk Ludik

Executive Chairman

Suvo Strategic Minerals Limited

Daniel Hynes

Senior Commodity Strategist

ANZ Research

Dr Amanda Murphy

Senior Advisor, Critical Minerals

Austrade

Bart Kolodziejczyk

Associate Director – Hydrogen and Clean Technologies

Boston Consulting Group

Namali Mackay

Managing Director

Critical Minerals Association Australia

Andrew Spinks

Managing Director

EcoGraf

Luke Cox

Chief Executive Officer

Green Technology Metals

Phil Hearse

Executive Chairman

International Graphite Ltd

Kylah Morrison

General Manager – Western Australia & South Australia

METS Ignited Australia

George Bauk

Executive Director

PVW Resources

Sam Rodda

Managing Director & CEO

Podium Minerals

Peter Nicholson

Senior Advisor Australia and Asia

Appian Capital Advisory LLP

Sam McGahan

Marketing Manager

Australian Vanadium Limited

Dr Chris Golding

Manager, Semiconductors, Electrification and Europe Team

Critical Minerals Office

Behyad Jafari

CEO

Electric Vehicle Council

Michael Brady

Partner, Commercial Contracting, Energy & Resources,

HWL Ebsworth Lawyers

Colin Locke

Executive Chairman

Krakatoa Resources

Richard Beazley

Non-Executive Chairman

MetalsGrove Mining

Matt Fifield

Managing Partner

Pacific Road Capital

Robert Gray

Chief Commodities Strategist

Resource Capital Funds

Gavin Lockyer

Managing Director

Arafura Resources Limited

Adam Myers

Partner, Corporate Finance

BDO

David Tasker

Managing Director

Chapter One Advisors

Andrew Hutchinson

General Manager

Critical Minerals Office

Dan Smart

Director, Project & Structured Finance

Export Finance Australia

Peter Kasprzak

Director

Hydrogen Society of Australia

Kristie Young

Non-Executive Director

Lithium Australia Ltd – ChemX Materials Ltd – Tesoro Gold Ltd

Miranda Taylor

CEO

National Energy Resources Australia (NERA)

Peter Clifford

Director

Paradigm Fuels

Noel Ong

Managing Director

Samso Capital

For more information about this conference visit https://www.researchandmarkets.com/r/5j78zt

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

The post North America Critical Minerals & Energy Investment Conference and Exhibition (New York, United States – June 8-9, 2023) – ResearchAndMarkets.com appeared first on Fintech News.

NEW YORK–(BUSINESS WIRE)–Flatiron Health today announced that the company and its collaborators will present a total of 12 abstracts accepted for poster discussion, presentation, and online publication at this year’s American Society of Clinical Oncology (ASCO) Annual meeting, to be held in Chicago this June.

“As demonstrated by our presence at ASCO this year, Flatiron is continuing to scale our ability to connect powerful data and novel technology to better design trials for diversity, accelerate clinical research timelines, reduce burden across teams and complete trials with more confidence,” shares Flatiron Health Chief Medical Officer Javier Jimenez. “Aligned with this year’s theme, Flatiron’s intimate knowledge of the oncology healthcare ecosystem and multi-faceted and deep understanding of EHR data positions us to continue developing technology and driving research to close the gap between care and research.”

Research highlights include:

• A Poster Discussion Session highlighting the mediators of racial and ethnic inequities in clinical trial participation among US patients with cancer.
• An Oral Abstract Session discussing a collaboration between Flatiron Health and Foundation Medicine to measure tumor mutational burden (TMB) from an FDA-approved assay and real-world overall survival (rwOS) on single-agent immune checkpoint inhibitors (ICI) in over 8,000 patients across 24 cancer types.
• An Oral Abstract Session discussing research done by the Health Equity One-Roche Collaboration (Flatiron Health, West Clinic, OneOncology, Foundation Medicine, and Genentech) to understand practice- and provider-level inequities in next-generation sequencing (NGS) testing by race/ethnicity for patients with advanced non-small cell lung cancer (aNSCLC) treated in the community setting. This study was invited to submit a manuscript for simultaneous publication in the Journal of Clinical Oncology – Oncology Practice.

Learn more about our abstracts and events by visiting our website.

Follow Flatiron Health on Twitter and LinkedIn for more updates from #ASCO23 and visit us in person at Booth #23127.

Poster Discussions and Presentations

Mediators of racial/ethnic inequities in clinical trial participation among US patients with cancer, 2011-2022.
Poster Discussion Session

Jenny S. Guadamuz, Xiaoliang Wang, Ivy Altomare, Gregory S. Calip

Tumor mutational burden (TMB) measurement from an FDA-approved assay and real-world overall survival (rwOS) on single-agent immune checkpoint inhibitors (ICI) in over 8,000 patients across 24 cancer types
Oral Abstract Session

Partner: Foundation Medicine

David R. Gandara, Neeraj Agarwal, Shilpa Gupta, Samuel Klempner, Miles Andrews, Amit Mahipal, Vivek Subbiah, Ramez Eskander, David Carbone, Jeremy Snider, Lilia Bouzit, Cheryl Cho-Phan, Megan Price, Gerald Li, Julia C. F. Quintanilha, Richard S.P. Huang, Jeffrey S. Ross, David Fabrizio, Geoffrey R. Oxnard, Ryon P. Graf

Practice- and provider-level inequities in next-generation sequencing (NGS) testing by race/ethnicity for patients (pts) with advanced non-small cell lung cancer (aNSCLC) treated in the community setting.
Oral Abstract Session

Partner: Health Equity One-Roche Collaboration — Flatiron Health, West Clinic, OneOncology, Foundation Medicine, and Genentech

Gregory Vidal, Neha Jain, Aaron Fisher, Danny Sheinson, Katherine T. Lofgren, Esprit Ma, Elaine Yu, Leah Comment, Rebecca Miksad, Davey Daniel

Technology-enabled clinical trials: Intentional capture of source data (IDC) in the electronic-health record (EHR) and direct transfer to trial database (electronic data capture [EDC]) in a phase II multicenter trial.
Trevor J. Royce, Sam Falk, Forrest Xiao, Mariel Boyd, Lindsay Bramwell, Addison Shelley, Lauren Sutton, Ruth M Morgan, Patricia Mader, Teresa Taiclet, Abigail Alve

Trial eligibility criteria (EC) and diversity among patients with advanced non small cell lung cancer (advNSCLC).
Maneet Kaur, Filip Frahm, Mustafa Ascha, Jenny Guadamuz, Adam Gottesman, Barry Leybovich, Arjun Sondhi, Yihua Zhao, Neal J. Meropol, Trevor Royce

Metastatic patterns and outcomes by HER2 and hormone receptor (HR) status in patients (pts) with metastatic breast cancer (mBC).
Qianyu Yuan, Emily Castellanos, Erin Fidyk, Karen Schwed, Melissa Estevez, Sheila Nemeth, Robin Linzmayer, and Aaron Cohen

Real-world response endpoints in patients with mNSCLC treated with chemotherapy across real-world datasets.
Partner: Friends of Cancer Research (FoCR) — FDA, Flatiron Health, Syapse, Cota, ConcertAI, McKesson, Tempus

Xinran Ma, Friends of Cancer Research, ASCO, FDA, ConcertAI, COTA, Guardian Research Network, IQVIA, Ontada, Syapse, and Tempus

Effectiveness of PARP inhibitor maintenance therapy (mPARPi) in advanced ovarian cancer (OC) by BRCA1/2 and HRD signature in real-world practice.
Partner: Foundation Medicine

Debra Richardson, Julia Quintanilha, Ryon Graf, Natalie Danziger, Christina Washington, Lauren Dockery, Tamara Snow, Anosheh Afghahi, Anthony Frachioni, Julia Elvin, Kathleen Moore

Survival analysis of patients treated at oncology practices with more aggressive end-of-life practice patterns.
Partner: Yale University

Maureen Canavan*, Xiaoliang Wang*, Mustafa Ascha, Rebecca Miksad, Timothy N. Showalter, Gregory Calip , Cary P. Gross, Kerin Adelson

*These authors contributed equally to the work.

Evaluating Generalizability of Practice-Changing Randomized Clinical Trials in Non-Small Cell Lung Cancer using Machine Learning-Based In-Silico Trials.
Partner: University of Pennsylvania

Ravi Parikh, Xavier Orcutt, Arjun Sondhi, Aaron Cohen

Clinical pathways innovation: A lesson on the value of clinician based feedback and collaboration with Flatiron Health
Partner: University of Pennsylvania

Christopher D’Avella, Erin Bange, Aditi Singh, David Dougherty, Peter Gabriel, Rebecca Maniago, Jennifer Miao, Colin Harvey, Marcello Ricottone, Lawrence N. Shulman

About Flatiron Health

Flatiron Health is a healthtech company expanding the possibilities for point of care solutions in oncology and using data for good to power smarter care for every person with cancer. Through machine learning and AI, real-world evidence, and breakthroughs in clinical trials, we continue to transform patients’ real-life experiences into knowledge and create a more modern, connected oncology ecosystem. Flatiron Health is an independent affiliate of the Roche Group. Flatiron.com @FlatironHealth

Contacts

Flatiron Health
Nina Toor

communications@flatiron.com

The post Flatiron Health Announces Research to be Presented at American Society of Clinical Oncology 2023 Annual Meeting appeared first on Fintech News.

LOS ANGELES–(BUSINESS WIRE)–#esg–Jon Powell, PhD, Sustainability Practice Global Lead for Salesforce, is a featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Chairman/CEO of ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company.

Salesforce empowers companies of every size and industry to connect with their customers in a whole new way through the power of AI + data + CRM. At Salesforce, Powell provides cross-industry sustainability expertise and trusted advisory to executives and leaders at dozens of the world’s largest companies, helping to accelerate their environmental, social, and governance journeys. Jon also works closely with Salesforce’s corporate Impact Team, Product Team, and Sales Teams to drive new product innovations and facilitate best-practice exchanges with internal and external stakeholders on pressing global ESG matters.

“It was an honor to have Jon, a truly impactful leader in the world of ESG and sustainability, on our show to share his story and tell our audience about the game-changing work that he and his colleagues at Salesforce are doing,” said Shegerian. “I’m sure our audience will be inspired by Jon’s message and work and how he and his colleagues at this iconic company endeavor daily to make our world a better place.”

“We are in a climate crisis, and there’s a wealth of opportunities out there to help meet the challenge that the crisis presents to the world,” said Powell. “My wide-ranging conversation with John Shegerian starting with my background but quickly transitioning to urgent and emerging topics like filling the global sustainability skills gap, the promise of AI-enabled tools like ChatGPT for driving sustainable outcomes, and how digital transformations work together to help solve some of the most intractable sustainability challenges, was a total delight. John’s a skilled and inquisitive conversationalist and I feel we just scratched the surface and am grateful he’s created such a wonderful platform that inspires so many.”

Impact Podcast guests are invited as thought leaders to share with listeners first-hand accounts of how they are able to help make the world a better place on a daily basis.

Recent guests have included leaders from Samsung, Best Buy, Amazon, Verizon, General Motors, Ford, Unilever, Procter & Gamble, Johnson & Johnson, JetBlue, Comerica Bank, Goodyear Tire, Virgin, Dell, GE, IBM, Qualcomm, Nestlé, BMW, The Home Depot, Texas Instruments, Adobe, Gap Inc., TIME, Kimberly-Clark, Timberland, Hearst, UPS, Hertz, The Hershey Company, FedEx, Intel, T-Mobile, NVIDIA, Lyft, HubSpot, T. Rowe Price, Ball Corporation, New York City, Beyond Meat, Panasonic, John Deere, Salesforce, Molson Coors, Seventh Generation, Amgen, Intuit, the NBA, the US Tennis Association, FICO, Waste Management, and a number of fascinating game-changers, including Martin Luther King III; best-selling author Ryan Holiday; Joanne Molinaro (The Korean Vegan); NFL legend Joe Theismann; Homeboy Industries founder Father Gregory Boyle; real estate powerhouse and television personality Ryan Serhant; writer/comedian/author Jeannie Gaffigan; ultra-endurance athlete Rich Roll; and hundreds more.

The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com, Apple’s iTunes, Amazon Music, Google Podcasts, Spotify, libsyn, and as part of iHeartRadio’s digital broadcast, reaching over 120 million users.

For more information, visit ImpactPodcast.com

Contacts

Paul Williams, 310/569-0023, paul.williams@eridirect.com

The post Impact Podcast with John Shegerian Features Jon Powell of Saleforce appeared first on Fintech News.

CAMBRIDGE, Mass.–(BUSINESS WIRE)–#ArtificialIntelligence—Copernicus Space Corporation (“Copernicus”) is a novel space exploration company leveraging deep knowledge of astrophysics, space systems engineering and synthetic biology to pioneer a unique space technology platform for distributed, intelligent in situ Swarm Exploration. Copernicus develops and will deploy miniaturized, semi-autonomous space probes with in situ detection capabilities for Swarm Exploration, in particular for the search for extant or extinct microbial life in our solar system, and later for exploring nearby exoplanets in our galaxy. Copernicus today is very pleased to announce the appointment of Andrew Rush as its President and Chief Executive Officer.

Expressing his excitement, Andrew commented: “I am honored to join the Copernicus team and grateful to the Copernicus board of directors for this incredible opportunity. Together, we will foster the growth of the second golden age of space exploration by establishing Copernicus as a different kind of industry leader, developing disruptive and innovative products and services. Our focus on in situ Swarm Exploration, powered by artificial intelligence, high-speed computing, robotics and eventually synthetic biology will enable swarm-based missions for space exploration, scientific discovery, security applications, and commercial activities.”

Andrew Rush is an experienced and successful aerospace executive, company builder and thought leader in the emerging space economy. Starting in 2015, Mr. Rush served as President & CEO of Made In Space, which he developed from its early stages into a profitable space technology company with 140 employees. Under Andrew’s leadership, Made In Space became the first firm to manufacture in space, sell a space-built product to a customer on Earth, and develop the first-ever satellite that will manufacture and assemble parts in orbit. In 2020, Andrew led the successful sale of Made In Space to Redwire Corporation, where he became President & COO. At Redwire, Mr. Rush oversaw the business portfolio, long-term planning, and strategic investments. Under his guidance, Redwire diversified its portfolio across civil, national security, and commercial organizations, including boosting the International Space Station’s power-generating capability with roll-out solar arrays, building more than 40 antennas for a national security customer, and providing state-of-the-art digital engineering solutions for commercial providers. During Andrew’s time as President, Redwire increased annual revenue to $160M with over 700 employees, acquired multiple space technology companies, and went public on the New York Stock Exchange.

Dr. Frank H. Laukien, Copernicus Co-Founder and board chair, stated: “We warmly welcome Andrew to the Copernicus team as our President and CEO. His exceptional expertise and proven track record of fostering growth in the space industry make him the ideal leader to drive Copernicus towards becoming a novel type of space industry leader. With his visionary leadership, track record of growth, and deep understanding of cutting-edge space technologies, Andrew will drive new opportunities for our disruptive and innovative Swarm Exploration platform, products and services.”

Dr. Avi Loeb, Copernicus Co-Founder, Director and Chief Scientific Officer, highlighted the opportunities: “We are delighted to have Andrew lead Copernicus as CEO. His passion for space exploration and his commitment to pushing the boundaries align perfectly with our mission. Andrew will lead Copernicus to advance the frontiers of space technology and drive groundbreaking scientific discoveries and an extraordinary future of multiplex space exploration.”

Mr. Rush currently serves as a member of the NASA Advisory Council on Technology, Innovation & Engineering. Andrew is a member of the Physics Advisory Group at the University of North Florida (UNF), where he has been awarded the Young Alumni Achievement Award. Andrew earned a Bachelor of Science degree in physics from UNF, and a Juris Doctor degree from Stetson University, with focus on intellectual property (IP) law. From 2012-2015, Andrew was a partner at PCT Law Group, with extensive experience and work in space technology IP matters.

About Copernicus Space Corporation

Copernicus Space Corporation (“Copernicus”) is a novel space exploration company with astrophysics, space technology and synthetic biology founders, executives and scientific advisors. Copernicus advances a unique space technology platform strategy for scalable and distributed Swarm Exploration, breaking away from the traditional paradigms of n=1 probes or rovers, crewed space exploration, or sample-return missions. In its solar systems exploration phase, Copernicus is developing semi-autonomous swarms and networks of hundreds or thousands of miniaturized, intelligent in situ probes in search of extant or extinct microbial life, of scientific discoveries and commercial opportunities on interesting planets, moons and asteroids in our solar system. For its future interstellar phase, Copernicus will deploy millions and eventually billions of hybrid nanotechnology and synthetic biology-based space nanoprobes for exploring and seeding our galaxy to prepare humankind and terrestrial life for a multi-planetary future.

Copernicus enables the next generation of space exploration and operations by pioneering ever-increasing capabilities in sensors, scientific detectors, artificial intelligence, computing, and robotics. Copernicus products and systems will provide scalable platforms for distributed space exploration, solar system positioning, navigation and timing, security applications, and commercial endeavors. Copernicus-enabled swarm architectures aim to alter the paradigm of space exploration to create more highly scalable, cost effective, redundant, in situ-capable, intelligent and resilient systems.

Copernicus leverages differentiated and disruptive concepts and proprietary, novel technology combinations for next-generation, semi-autonomous exploration strategies. This will lead to a rich IP estate of patents, proprietary code and know-how. Copernicus also fosters ultralong-range thinking in human-directed interstellar exploration, and eventual hybrid nano- and biotechnological seeding of our galaxy. Copernicus leverages AI/ML-driven nanorobots, bioengineering for sensing and replication, as well as biology-derived ‘panspermia’ long-range information transmission.

Contacts

For press inquiries and questions, please email: Info@Copernicus.Space

The post Space Exploration Industry Leader Andrew Rush Joins Copernicus Space Corporation as President & CEO appeared first on Fintech News.

PARIS–(BUSINESS WIRE)–Regulatory News:

ACTICOR BIOTECH (FR0014005OJ5 – ALACT), a clinical-stage biotechnology company focused on the development of innovative drugs for the treatment of cardiovascular emergencies, in particular stroke, announces today that it will participate in the European Stroke Organization Conference (ESOC) 2023 on May 24, 25 and 26, 2023 in Munich, Germany.

ESOC is the leading European forum for stroke research and the preferred platform for the publication of major clinical trial data.

At this conference, the Company presented three posters on the clinical development of glenzocimab:

1) Design of the ACTISAVE study (Abstract N°2314 – Poster n° P0511- session of May 25, 2023) Authors: Y. Pletan et al.

This poster presents the methodology of the ACTISAVE study and the mapping of its global launch.

2) Sub-analysis of the ACTIMIS study – Glenzocimab Tolerance in association with antithrombotics (Abstract N°2314 – Poster n° P0507 – session of May 25, 2023)

Authors: A. Peeters et al.

This poster presents the results of a subgroup analysis of the ACTIMIS study in patients who received antithrombotic therapy in addition to glenzocimab. This sub-analysis confirms the very good safety profile of glenzocimab in these patients.

3) Sub-analysis of the ACTIMIS study – Patients over 80 years old (Abstract N°618 – e-Poster n° P1018 – session of May 24, 2023)

Authors: S. Richard et al.

This poster presents results of a subgroup analysis of the ACTIMIS study in patients over 80 years of age who received the standard of care (thrombolysis + thrombectomy). These patients are frequently excluded from clinical trials because they are at higher risk. The results of ACTIMIS indicate that glenzocimab does not present safety issues in these patients and show a marked efficacy trend towards effectiveness in reducing disability and mortality.

Prior to this event, Acticor Biotech held a Scientific Committee meeting on Tuesday, May 23, 2023, to discuss the progress and prospects of the Phase 2/3 clinical trial, ACTISAVE, as well as the clinical study and registration plans for glenzocimab on the different continents. In addition, a round table for ACTISAVE investigators attending ESOC was held on Wednesday, May 24 to discuss the operational aspects of the trial. Professor Steve Watson (University of Birmingham) presented the history of the discovery of GPVI, the target of glenzocimab, and its antithrombotic properties without the risk of bleeding.

Sophie BINAY, Chief Operating Officer and Chief Scientific Officer, stated: “The posters presented at this key conference for stroke research and the holding of our Scientific Advisory Board and a round table discussion with the participation of numerous investigators and partners, underline the significant role played by Acticor Biotech in this ecosystem and the urgent need for new innovative treatments in stroke. We continue our efforts every day to develop our drug candidate glenzocimab to address the important medical challenge of stroke and cardiovascular emergencies in general.”

About ACTICOR BIOTECH

Acticor Biotech is a clinical stage biopharmaceutical company, a spin-off from INSERM (the French National Institute of Health and Medical Research), which is aiming to develop an innovative treatment for cardiovascular emergencies, including ischemic stroke.

In May 2022, Acticor Biotech presented positive results from its Phase 1b/2a study, ACTIMIS, at the ESOC, confirming the safety profile and showing a reduction in mortality and intracerebral hemorrhage in the glenzocimab-treated group in patients with stroke. The efficacy of glenzocimab is now being evaluated in an international Phase 2/3 study, ACTISAVE, which will include 1,000 patients. In July 2022, Acticor Biotech was granted “PRIME” status by the European Medicines Agency (EMA) for glenzocimab in the treatment of stroke. This designation will allow the company to strengthen its interactions and obtain early dialogues with regulatory authorities.

Acticor Biotech is supported by a panel of European and international investors (Mediolanum farmaceutici, Karista, Go Capital, Newton Biocapital, CMS Medical Venture Investment (HK) Limited, A&B (HK) Limited, Anaxago, and the Armesa foundation). Acticor Biotech is listed on Euronext Growth Paris since November 2021 (ISIN: FR0014005OJ5 – ALACT).

For more information, visit: www.acticor-biotech.com

Contacts

ACTICOR BIOTECH
Gilles AVENARD, MD

General Manager and founder

gilles.avenard@acticor-biotech.com
T. : +33 (0)6 76 23 38 13

Sophie BINAY, PhD

Chief Operating Officer and

Scientific Director

Sophie.binay@acticor-biotech.com
T. : +33 (0)6 76 23 38 13

NewCap
Mathilde BOHIN / Quentin MASSÉ

Investor Relations

acticor@newcap.eu
T. : +33 (0)1 44 71 94 95

NewCap
Arthur ROUILLÉ

Media Relations

acticor@newcap.eu
T. : +33 (0)1 44 71 00 15

The post Participation of Acticor Biotech in ESOC 2023, first European Forum for Stroke Research appeared first on Fintech News.

CHICAGO–(BUSINESS WIRE)–Zigler Law Group, LLC, a national class action firm announced today that it has filed a class action lawsuit against Letsgobrandon.com Foundation and LGBCoin, Ltd, James Koutoulas, Patrick Horsman, and the National Association for Stock Car Auto Racing.

The action, which was filed in the U.S. District Court for the Middle District of Florida and captioned De Ford et. al. v. Koutoulas et al., Case No. 6:22-cv-652, asserts claims under § 12(a)(1) of the Securities Act of 1933 (the “Securities Act”) and under §517.07 of the Florida Securities and Investment Protection Act for the sale of unregistered securities, as well as other Florida State law claims (including conspiracy, unjust enrichment, negligent misrepresentation, and promissory estoppel), on behalf of investors who purchased the LGBCoin unregistered securities, which were sold as LGBCoins on various cryptocurrency exchanges from November 2, 2021 through March 15, 2022 inclusive (the “Class Period”), and who were damaged thereby.

The complaint alleges that Letsgobrandon.com Foundation, LGBCoin, Ltd, Koutoulas, and Horsman sought to capitalize on the publicity surrounding the “Let’s Go Brandon” chant and conspired to violate provisions of the Securities Act and its Florida State law analog by selling the unregistered LGBCoins. Further the complaint alleges that Koutoulas and Horsman (and their agents) solicited sales of LGBCoins by making false and misleading statements concerning NASCAR’s approval of the LGBCoin sponsorship of Brandon Brown, the digital asset’s growth prospects, and financial benefits for LGBCoin investors, as well as using celebrity promoters to lure in unsuspecting investors so that Koutoulas, Horsman, and other insiders could sell the unregistered LGBCoin securities in violation of federal and state securities laws.

On January 5, 2022, NASCAR announced it would not approve LGBCoin’s sponsorship of NASCAR driver Brandon Brown. In the wake of this news, the price of LGBCoin fell to Class Period lows.

Lead Plaintiff Deadline

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain a member of the proposed class.

What You Can Do

If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Plaintiffs’ counsel, Aaron Zigler of Zigler Law Group, at (312) 673-8427 or via email at aaron@ziglerlawgroup.com.

About Zigler Law Group, LLC

Zigler Law Group attorneys have successfully litigated countless complex cases across multiple industries including consumer fraud, securities fraud, breach of contract, breach of warranty, breach of fiduciary duties, and wage and hour violations, among others. Our experience litigating some of the nation’s biggest cases enables us to quickly implement time-tested strategies and gives us the wisdom to know when only a novel approach will do.

Contacts

Aaron Zigler
Zigler Law Group
(312) 673-8427
aaron@ziglerlawgroup.com

The post Zigler Law Group Files Securities Class Action Against Letsgobrandon.com Foundation, LGBCoin, Ltd, James Koutoulas, Patrick Horsman, and NASCAR appeared first on Fintech News.

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips currently holds a 50% interest as operator of Surmont and will own 100% upon closing. This transaction is subject to regulatory approvals and other customary closing conditions.

“Today’s announcement reflects our ongoing commitment to enhance our returns-focused value proposition, improving our ROCE, lowering our free cash flow breakeven and further supporting our $11 billion planned return of capital in 2023,” said Ryan Lance, chairman and chief executive officer. “Long-life, low sustaining capital assets like Surmont play an important role in our deep, durable and diverse low cost of supply portfolio. Upon close, we look forward to leveraging our position as 100% owner and operator of Surmont to further optimize the asset while progressing toward our overall interim and long-term emissions intensity objectives. We will remain on track to achieve our previously announced accelerated GHG intensity reduction target of 50-60% by 2030, using a 2016 baseline.”

The transaction is expected to close in the second half of 2023, with an effective date of April 1, 2023, and will be funded from either cash, short- and medium-term financing, or a combination of both. The transaction is subject to contingent payments for a five-year term of up to approximately $325 million (CAD$440 million) representing $2 million (CAD$2.7 million) for every dollar that WCS pricing exceeds $52 per barrel during the month, subject to certain production targets being achieved. Additionally, the transaction is structured as an asset purchase and the tax pools will be commensurate with the purchase price of the asset, including associated contingent payments.

Based on $60 WTI, the transaction will add approximately $600 million of annual free cash flow in 2024, inclusive of approximately $100 million of annual capex for maintenance and pad development costs. Since 2016, Surmont’s GHG emissions intensity has declined by about 20%, and ConocoPhillips has plans for future emissions reduction by applying both current and new technology. ConocoPhillips is also a member of the Pathways Alliance, working to advance carbon capture and storage in Alberta.

— # # # —

About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $91 billion of total assets and approximately 9,600 employees at March 31, 2023. Production averaged 1,792 MBOED for the three months ended March 31, 2023, and proved reserves were 6.6 BBOE as of Dec. 31, 2022. For more information, go to www.conocophillips.com.

NOTE

Where the company refers to a $60 WTI price, a $13 WCS differential is assumed.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflict between Russia and Ukraine, and the global response to such conflict, security threats on facilities and infrastructure, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; public health crises, including pandemics (such as COVID-19) and epidemics and any impacts or related company or government policies or actions; investment in and development of competing or alternative energy sources; potential failures or delays in delivering on our current or future low-carbon strategy, including our inability to develop new technologies; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; our ability to collect payments when due, including our ability to collect payments from the government of Venezuela or PDVSA; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following any announced or future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or insurance or significantly higher cost of capital or insurance related to illiquidity or uncertainty in the domestic or international financial markets or investor sentiment; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term “resource” in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.

Contacts

Dennis Nuss (media)

281-293-1149

dennis.nuss@conocophillips.com

Investor Relations

281-293-5000

investor.relations@conocophillips.com

The post ConocoPhillips Provides Notice that it is Exercising its Preemption Right to Purchase the Remaining 50% Interest in Surmont appeared first on Fintech News.

DUBLIN–(BUSINESS WIRE)–The “Western Europe Data Center Construction Market – Industry Outlook & Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The Western Europe data center construction market is expected to reach a value of $10.61 billion by 2028 from $8.22 billion in 2022, growing at a CAGR of 4.33% during 2022 to 2028

There is a high demand from organizations for retail colocation services in developing countries. Enterprises having limited budgets and demanding geographical distribution capacities will drive the demand for retail colocation services. There is an increasing demand for computing power from cloud providers, enterprises, IoT, and Big Data organizations, which will drive wholesale colocation demand.

Germany leads the Western Europe data center market with an overall investment of over USD 1.8 billion in 2022. The country’s cumulative growth is expected to be more than USD 12 billion during the forecast period. The growth in data center development has led the contractors to implement new sustainable methods, increasing the competition among them. Operators opt for these contractors to enhance their green credentials.

There is significant growth in greenfield and modular data center developments. The modular data center developments are increased as the construction methods are seemed inefficient due to labor shortages, budget constraints, and construction delays in certain countries across the region. The increased demand for modular solutions from data center operators is increasing the revenue of modular data center solutions providers such as Vertiv, Dell, and HPE, among others.

The power capacity is expected to grow significantly in the region with the advent of colocation and hyperscale operators investing highly in the market. There is a trend of procuring energy harnessed from renewable power sources by colocation, hyperscale, and colocation service providers.

KEY TRENDS & DRIVERS

Growing Adoption of Artificial Intelligence

The adoption of artificial intelligence is fueling data generation and the technology market, thereby increasing the need for data center construction. Eurostat released a report according to which Ireland ranks at the top in Europe in using AI/ML technologies by businesses and enterprises in their infrastructure or applications.

Several AI initiatives in countries across the region include global partnerships on artificial intelligence, a mission on artificial intelligence, a national strategy on artificial intelligence, and others. For instance, The Government of France invested around USD 1.7 billion in its National Strategy for Artificial Intelligence.

The high adoption of AI/ML solutions is prompting the installation of a highly efficient cooling infrastructure. Liquid cooling is the prominent technology for supporting AI/ML workloads in High-Performance Computing (HPC). Direct-to-chip and liquid-immersion cooling markets, through OEM, are making strong bonds.

Research & Development centers are being set up for innovations in AI and other applications across various Western European countries. For instance, R&D centers for AI have been set up by companies such as Google, Oracle, and Huawei.

Increase in Sustainable Initiatives

Data centers, the major sources of carbon emissions worldwide, are looking for sustainable initiatives to reduce the high quantity of CO2 emissions generated by the facilities. According to the Europe Climate act, a part of the European Green Deal, countries across the continent are aiming to achieve net zero carbon emissions by the year 2050.

Various operators in Western Europe are a part of the Climate Neutral Data Center Pact act, such as Interxion (Digital Realty), Aruba, OVHcloud, Equinix, and Scaleway data center, among 17 industry associations. The pact states that the facilities part of it must be powered completely using energy harnessed from renewable energy sources such as wind, hydro, solar, and others by 2030. The Government of the UK aims to achieve 100% renewable energy in its energy mix by 2035.

Rising Colocation Data Center Investments

The Western Europe data center construction market has shown signs of growth with the development of hyperscale data centers by cloud service providers such as Microsoft, IBM, Amazon Web Services (AWS), Oracle, Google, and Tencent. The prominent investors in the Western Europe data center construction include Equinix, Interxion (Digital Realty), NTT Global Centers, Echelon Data Centres, Iron Mountain, OVHcloud, Vantage Data Centers, and VIRTUS Data Centres.

In August 2022, Proximity Data Centres opened a data center in Buckinghamshire. A loan of USD 30.8 million was granted to the operator for its UK expansion, with a total investment of USD 99 million. OVHcloud, a cloud computing, has planned to invest around USD 101 million by 2027 for its upcoming data center in Limburg.

Telehouse has planned an investment of around USD 988 million for its European expansion. Telehouse plans an investment of around USD 988 million for its expansion in countries across Western Europe and other regions in Europe. An increase in data center investment will provide huge revenue opportunities for construction contractors and colocation and infrastructure providers worth billions of dollars.

COMPETITIVE ANALYSIS

Some of the major vendors operating in the Western Europe data center construction market include Arup, AECOM, Ariatta, Bouygues, ICT facilities, Mercury, Metnor Group, Oakmont Construction, ARC:MC, Kirby Group Engineering, DPR Construction, Turner & Townsend, Gruner, Lupp Group, Max Bogl, Exyte, DBA PRO, Future-tech, ISG, and NORMA.

SEGMENTAL ANALYSIS

• Significant investment growth due to the advent of technologies such as cloud computing, Big data & IoT, and M/L Technologies.
• Increasing growth in the construction of modular data centers is being observed.
• Operators are adopting the turnkey approach for designing new data center facilities.
• Greenfield projects will encounter more growth as compared to brownfield.
• The brownfield development of data centers will continue to grow along with installing on-site renewable power sources.

Support of The Government For Data Centers

• One of the prominent enablers for the Western Europe data center construction market is breaks and tax incentives offered in various countries, which generate significant savings and incorporate other benefits.
• The Government of Spain is investing highly in the country’s overall digitalization. The government has planned around USD 720 million to strengthen Artificial Intelligence in the country.
• The Government of France reduced the electricity taxes and will help attract investments in the country.
• The UK government has placed a corporate tax of 20%, the lowest amongst G20 countries.
• The Federal Act on Data Protection (FADP) in Switzerland includes a few GDPR adaptations, which will aid in attracting further investments for data centers in the country.
• The French Government offers tax incentives for Research & Development up to 30% and has a limit of USD 97.48 million.
• The Dutch government is undertaking initiatives to bring the country to the forefront of the Western Europe data center construction market. The sales and VAT rate in the country is over 20%.
• The Government of the Netherlands is taking initiatives to increase the country’s data center market portfolio and reach. The VAT and sales tax in the country stands above 20%.
• Tax incentives are available in most Western European countries. More tax breaks will be concentrated on less developed countries to attract investment in the Western Europe data center construction market.

Key Attributes:

Market Overview

Data Center Design Certifications

• Uptime Institute Tier Standards
• Leed Certification
• Tia 942 Certification

Market Opportunities & Trends

• Higher Adoption of Artificial Intelligence
• Increasing Adoption of District Heating Systems
• Data Centers Prioritizing Sustainability
• Innovations in Data Center Technologies

Market Growth Enablers

• Increasing 5G Deployments Fueling Edge Data Centers
• Growth in the Adoption of Cloud Services
• Increasing Adoption of Big Data & Iot
• Support from the Government
• Modular Data Center Construction
• Growing Submarine & Inland Connectivity
• Adoption of Ocp & Hyperscale Infrastructure

Market Restraints

• Security Challenges in Data Centers
• Carbon Emissions Affecting Data Center Sustainability
• Location Constraints on Data Center Development
• Lack of Skilled Data Center Professionals

Prominent Support Infrastructure Providers

• 3M
• ABB
• Airedale International Air Conditioning
• Alfa Laval
• Carrier
• Caterpillar
• Condair
• Climaveneta
• Cummins
• D’HONDT THERMAL SOLUTIONS
• Daikin Applied
• Delta Electronics
• Eaton
• ebm-papst
• EMICON INNOVATION AND COMFORT
• Enrogen
• FlaktGroup
• Grundfos
• Guntner
• GESAB
• HiRef
• HITEC Power Protection
• Honeywell International
• Johnson Controls
• KOHLER-SDMO
• KyotoCooling
• Legrand
• Mitsubishi Electric
• Munters
• Nlyte Software (Carrier Global Corporation)
• Perkins Engines
• Piller Power Systems
• Riello Elettronica ( Riello UPS)
• Rittal
• Rolls-Royce
• Schneider Electric
• Siemens
• Socomec
• STULZ
• Trane (Ingersoll Rand)
• Vertiv
• ZIEHL-ABEGG

Prominent Construction Contractors

• AECOM
• AEON Engineering
• ARC:MC
• APL Data Center
• Ariatta
• ARSMAGNA
• Artelia
• Arup
• Atkins
• Basler & Hofmann
• BENTHEM CROUWEL ARCHITECTS
• Bouygues Construction
• Callaghan Engineering
• Cap Ingelec
• Collen
• Deerns
• DPR Construction
• Eiffage
• EYP MCF
• Ferrovial
• Future-tech
• ICT Facilities
• IDOM
• ISG
• JCA Engineering
• JERLAURE
• Kirby Group Engineering
• Linesight
• LPI Group
• M+W Group (EXYTE)
• Mercury
• Metnor Construction
• Nicholas Webb Architects (NWA)
• NORMA Engineering
• Oakmont Construction
• PM Group
• (PQC) Power Quality Control
• Quark
• RED
• Reid Brewin Architects
• Royal HaskoningDHV
• Skanska
• SPIE UK
• Starching
• STO Building Group
• STS Group
• TPF
• TTSP
• Turner & Townsend
• Winthrop Engineering and Contracting

Prominent Data Center Investors

• AtlasEdge
• Aruba
• China Mobile
• Colt Data Centre Services (COLT DCS)
• CyrusOne
• DATA4
• Digital Realty
• Echelon Data Centres
• EdgeConneX (EQT Infrastructure)
• Equinix
• Euclyde Data Centers
• Facebook
• Global Switch
• Google
• Iron Mountain
• KDDI
• Liberty Global
• Microsoft
• Nautilus Data Technologies
• NDC-GARBE Data Centers Europe
• NTT Global Data Centers
• Orange Business Services
• Proximity Data Centres
• Pure Data Centres
• T5 Data Centers
• Telecom Italia Sparkle
• Vantage Data Centers
• Virtus Data centers (ST Telemedia Global Data Centres)
• Yondr

New Entrants

• Global Technical Realty
• Stratus DC Management

For more information about this report visit https://www.researchandmarkets.com/r/4xh6h

About ResearchAndMarkets.com

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The post Western Europe Data Center Construction Market Outlook 2023-2028: Adoption of Ocp & Hyperscale Infrastructure & Increasing 5G Deployments Fueling Edge Data Centers – ResearchAndMarkets.com appeared first on Fintech News.