Superior Wear-resistant Coating Devcon® Wear Guard™ 300RTC Highly Durable Compound for Elevated Temperature Applications

Devcon Wear Guard 300RTC Package

Devcon Wear Guard 300RTC Package

Devcon Wear Guard 300RTC Compound No Sag Vertical Application

No Sag Vertical Application – Devcon Wear Guard 300RTC Compound

Auger Coating - Equipment Protection - Devcon Wear Guard 300RTC Compound

Auger Coating – Equipment Protection – Devcon Wear Guard 300RTC Compound

ITW Performance Polymers has launched its next gen Wear Guard 300RTC designed to protect equipment in wet & dry environments. Room temperature cure coating.

DANVERS, MA, USA, September 23, 2021 /EINPresswire.com/ — ITW Performance Polymers launches Superior Wear-resistant Coating, Devcon® Wear Guard™ 300RTC, a Highly Durable Compound for Elevated Temperature Applications

Long-Lasting, Easy to Apply Room Temperature Cure Coating That Increases Equipment Life

ITW Performance Polymers has launched its next generation wear resistance compound, Devcon Wear Guard 300RTC designed to protect equipment in elevated temperature wet and dry environments. This superior room temperature cure coating is highly resistant to chemical attacks in high solid, wet environments up to 300⁰F / 149⁰C seen in cement plants, power plants, petrochemical plants, mining and pulp and paper mills.

“Our end-users continue to require products that last longer, apply easier, and withstand harsh conditions. Our team has developed this next generation erosion-resistant, corrosion-resistant compound to meet these challenging applications,” said Guil Silva, VP/GM, ITW Performance Polymers. This unique formulation enables customers to achieve superior equipment protection without the difficulties of expensive post baking seen with other brands. This allows customers to easily apply the product and quickly resume operations, resulting in increased equipment uptime.

Devcon Wear Guard 300RTC has gone through extensive testing and evaluation to ensure an exceptional customer experience affording impressive resistance to wear in dry and wet corrosive conditions up to 300⁰F / 149⁰C. Field trials have proven high product durability allowing customers to run their equipment longer before reapplying products or applying thinner coats resulting in higher product throughput. This flexibility allows customers to minimize equipment failures reducing maintenance costs.

As a room temperature cure product, Devcon Wear Guard 300RTC allows the product to be applied onsite reducing costly transportation and remote Post Cure expenses required with other systems. Eliminating the need of an oven baked post cure saves time, money and energy, while increasing equipment uptime.

“The unique properties of Devcon Wear Guard 300RTC give customers a durable, protective wear-resistant compound, that will outlast the competition and keep their equipment running even in harsh conditions,” added Guil Silva.

Devcon Wear Guard 300RTC wearing compound can be used in a number of applications including flotation tanks, scrubbers, ash handling systems, pipe elbows, screens, chutes, bins, hoppers, exhausters, housing fans, launderers, crushers and breakers.

About Devcon:

Devcon is a brand of ITW Performance Polymers. Devcon, is a market leader in maintenance and repair products that effectively rebuild equipment to their original specification or reduces early failures from occurring with a preventive maintenance program. With over 50 years of proven success, Devcon has supplied innovative solutions for the mining, coal-fired power, aggregate, petrochemical, and industrial OEM markets.

About ITW Performance Polymers:

ITW Performance Polymers, a division of Illinois Tool Works (ITW), is a world leader in the research, development and manufacturing of grouting and chocking compounds, structural and semi-structural adhesives, sprayable syntactic materials, and wear-resistant coatings and repair compounds. These value-added solutions are widely used in several markets including wind, transportation, marine, electronics, mining, petrochemical and other industrial OEM & MRO applications.

About ITW:

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues of $12.6 billion in 2020. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer focused solutions are required. ITW has approximately 43,000 dedicated colleagues in operations around the world who thrive in the company’s unique, decentralized, and entrepreneurial culture.

For further information about the new Devcon Wear Guard 300RTC, please contact:

Tony Mell, Product Manager

Email: mail@itwpp.com

Phone: (978) 646-5630
Website: itwpp.com

Tony Mell
ITW Performance Polymers
+1 (978) 646-5630
mail@itwpp.com

Devcon® Wear Guard™ 300RTC, a Highly Durable Compound for Elevated Temperature Applications from ITW Performance Polymers


Source: EIN Presswire

Green Mining Stock Defense Metals (TSXV: $DEFN.V; OTC: $DFMTF) Revaluates its Athabasca Basin Uranium Projects

Figure 1. Defense Metals Athabasca Basin Uranium Projects

Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) it has commenced an updated internal technical review of its Athabasca Basin uranium project holdings

Defense Metals Corp. (TSX:DEFN.V)

VANCOUVER, BRITISH COLUMBIA, CANADA, September 23, 2021 /EINPresswire.com/ — Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that in light of renewed and sustained uranium interest which has driven uranium spot prices to multi-year highs, it has commenced an updated internal technical review of its Athabasca Basin uranium project holdings.

During 2018, Defense Metals acquired 100% of the Geiger North and Klaproth projects for a combination of cash and share payments; with Geiger North being subject to a 2% net smelter return royalty. The projects comprise a total of five mineral claims totalling 9,363 hectares (ha) located in the northeast Athabasca Basin, with the Geiger North claims (1,233 ha) being in good standing until summer-fall 2022, and Klaproth (8,130 ha) in good standing until early 2023.

The Geiger North and Klaproth projects are located approximately 35 kilometres northwest of the McClean Lake mine and mill, in a relatively under-explored area of the Athabasca Basin adjacent to the Wollaston-Mudjatik transition zone – a major crustal suture related to most of the major uranium deposits in the eastern Athabasca Basin.

The Geiger North and Klaproth projects are surrounded by multiple major mining companies, giving the company a strategic foothold in a proven and prolific uranium mining district.

Uranium mineralization in the northeast Athabasca Basin and vicinity of the Geiger and Klaproth projects is typically associated sheared graphitic-gneiss basement rocks that present as prominent conductive anomalies. Defense Metals is currently initiating an updated review of historical exploration (diamond drilling, ground, and airborne magnetic and electromagnetic geophysical, and geochemical surveys) completed within the projects. The expectation is that results of the data review will form the basis for go-forward justification for renewed exploration up to and including commissioning of project wide airborne electromagnetic geophysical surveys to identify prospective basement conductive anomalies.

Craig Taylor, CEO of Defense Metals, stated: “The renewed interest in uranium has prompted Defense Metals to reassess its considerable land position in the prolific northeast Athabasca Basin. While the Company’s focus remains on advancing it flagship Wicheeda REE Deposit near Prince George, British Columbia, we look forward to further capitalizing on the shareholder value brought by the Geiger North and Klaproth Projects.”

Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein. Past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Company’s properties.

About Defense Metals Corp.
https://defensemetals.com/

For further information, please contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding “Forward-Looking” Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the Geiger North and Klaproth projects including any potential work programs, plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements and the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements or uranium, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

Paid News -Disclaimer/Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Source: EIN Presswire

Gupshup acquires leading RCS platform, Dotgo

Gupshup acquires Dotgo

Gupshup acquires Dotgo

Acquisition propels Gupshup into global leadership in RCS solidifying its IP-based conversational messaging platform and accelerating growth in Africa

With the addition of RCS, Gupshup will undoubtedly be the strongest IP messaging company, and thus helps us accelerate our mission”

— Dr. Inderpal Singh Mumick, co-founder and CEO of Dotgo

SAN FRANCISCO, CA, USA, September 23, 2021 /EINPresswire.com/ — Gupshup, the leader in conversational messaging, today announced that it has acquired New Jersey based Dotgo. Dotgo is the global industry leader in RCS business messaging (RBM), with award-winning technologies such as the RichOTP®, RichSMS™, Bot Store®, and Dotgo MaaP (Messaging as a Platform) that foster the growth of RCS Business Messaging. A strong partner of Google, Mavenir, Synchronoss, Vodafone, and Orange, Dotgo manages RBM in several markets, and operates the world’s largest RBM Hub with global connectivity to RCS users across the world. Dotgo is uniquely positioned to help brands integrate, with simple APIs, the RCS channel into their customer communications, whether for sales, support, services, or other business processes.

Dotgo, powered by a founding team with a rich history of tech innovation, is a Cohort 6 graduate of the IIT Startups accelerator. Dotgo grew rapidly in 2021 as RCS gained traction in North America, Europe, India, Brazil, and Nigeria. Dotgo’s MaaP, offered in partnership with, and pre-integrated with, Google Jibe platform, has been selected to operate RCS business messaging at several mobile network operators. Dotgo has been a leading contributor at the Mobile Ecosystem Forum and GSMA in defining standards and processes for RCS Business Messaging.

Dotgo will significantly strengthen Gupshup’s conversational messaging platform that enables businesses and developers to build rich customer experiences. Gupshup also plans to leverage Dotgo’s strong experience and presence in Africa to expand there.

“Conversational experiences are becoming the key to business-customer interactions, and the RCS messaging channel is a critical enabler,” said Beerud Sheth, co-founder and CEO, Gupshup. “Dotgo’s product innovation, market traction and thought leadership in the RCS ecosystem is truly impressive. Together, we’ll be able to offer a broader range of conversational messaging solutions to businesses and developers. We are excited to welcome them to the Gupshup family.”

Dr. Inderpal Singh Mumick, co-founder and CEO of Dotgo said “RCS business messaging is destined to change the way businesses communicate with their customers. We started Dotgo to create APIs that make it easy for brands and other players in the ecosystem to adopt RCS, while taking care of and hiding all the backend complexity from our customers. With the addition of RCS, Gupshup will undoubtedly be the strongest IP messaging company, and thus helps us accelerate our mission.”

Johanna Kollar, Partnerships Lead, Communication Products, Google said “We congratulate Dotgo and Gupshup on this acquisition. We have worked closely with Dotgo and are very impressed by the quality of their products and services. We look forward to growing our relationship as the Dotgo team becomes a part of Gupshup.”

“The Dotgo team members were visionaries in recognizing the potential of RCS at a time when it had little adoption. We congratulate them on building industry leading products that are being adopted by customers across the world, just as RCS is taking off. Their bet proved prescient and combining with an exceptional company like Gupshup will create a far stronger value proposition in the market”, said Naren Gupta, Managing Director, Nexus Venture Partners.

RCS will be a key messaging channel in Gupshup’s Conversational Messaging Platform, supplementing 30 other messaging channels available to customers via Gupshup’s Single API for messaging. RCS, a part of the 5G standard, is the next generation of SMS that includes pictures, audio, video, and presence, combined with enhanced security and encryption. RCS messages are delivered to native messaging apps such as Google Messages and Samsung Messages on Android phones. RCS Business Messaging uses the rich and interactive features of RCS to enable branded and secure business messaging. RCS is available globally with over 600M monthly active users, including about 20% of India’s smartphone users.

About Dotgo

Dotgo®, a global leader in RCS, is building the APIs and cloud platforms needed in a world where every business must have a presence inside messaging apps, just as they have web sites and smartphone apps. Dotgo’s APIs and services enable brands and developers to build conversational experiences that transform customer interactions, and help mobile operators to launch, manage, and monetize RCS business messaging. Dotgo is the provider of the Dotgo Bot Store®, world’s first and largest directory of RCS and WhatsApp bots, Dotgo MaaP, RichOTP®, RichSMS™, and the RBM Hub. Dotgo is a Google partner, a WhatsApp Business Solution Provider, and a member of the Mobile Ecosystem Forum. For more information, visit www.dotgo.com. Bot Store, Dotgo, and RichOTP are registered trademarks of Dotgo Systems Inc. in USA and other jurisdictions.

About Gupshup

Gupshup enables better customer engagement through conversational messaging. Gupshup is the leading conversational messaging platform, powering over 6 billion messages per month. Across verticals, thousands of large and small businesses in emerging markets use Gupshup to build conversational experiences across marketing, sales and support. Gupshup's carrier-grade platform provides a single messaging API for 30+ channels, a rich conversational experience-building tool kit for any use case and a network of emerging market partnerships across messaging channels, device manufacturers, ISVs and operators. With Gupshup, businesses have made conversations an integral part of their customer engagement success. Gupshup is present in India, LATAM, South East Asia, Middle East, Eastern Europe, Africa and the United States. Visit www.gupshup.io. Converse with the Gupshup bot.

Olisa Pal
Dotgo
+1 908-464-5566 ext. 2348
email us here
Visit us on social media:
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Twitter
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Source: EIN Presswire

Specialty Silica Market to is Set to Garner Staggering Revenues by 2030 | Latest TMR Study

ALBANY, NY, US, September 22, 2021 /EINPresswire.com/ —
In terms of value, the global specialty silica market is anticipated to expand at a CAGR of more than 6% from 2020 to 2030 and cross US$ 10 Bn by 2030. Asia Pacific dominated the global specialty silica market in terms of volume in 2019. It is estimated to be the leading region of the global specialty silica market during the forecast period. The rubber industry is projected to offer lucrative opportunities for the specialty silica market in the near future.

Specialty Silica Market: Major Drivers and Restraints

The increase in usage of specialty silica in the manufacture of tires is expected to drive the global specialty silica market during the forecast period. Specialty silica is being aggressively adopted by tire manufacturers as a reinforcement filler. It offers higher reinforcing ability and improves fuel efficiency due to stringent environmental norms. The rise in the demand for green tires is anticipated to boost the global specialty silica market during the forecast period, as the tire application segment accounts for the majority of consumption of specialty silica. Specialty silica products are versatile raw materials for cosmetics and personal care applications. They increase the viscosity of oils and emulsions, thus improving the stability and structure of creams, lipsticks, lotions, and make-up preparations.

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Specialty silica products transform cosmetic oils into highly viscous gels. This produces transparent products with the pseudo plastic flow behavior. Specialty silica products are used as thickening agents in toothpastes. This gives toothpastes the rheological body for good filling during the manufacturing process. Therefore, increase in usage of specialty silica in cosmetic and personal care products is anticipated to drive the global specialty silica market during the forecast period. Specialty silica is employed in end-use industries such as paper & pulp and textile apart from rubber. Paper & pulp and textile industries have been expanding at a sluggish pace, since the past few years. Traditionally, along with polymers, colloidal silica has been employed in paper and pulp mills for drainage aid systems. However, the demand for colloidal silica is projected to decline during the forecast period, due to the sluggish growth of the paper & pulp industry. This, in turn, is likely to marginally restrain the specialty silica market.

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Specialty Silica Market: Segmentation

Based on product, the precipitated silica segment held major share of the global specialty silica market in 2019. This trend is anticipated to continue during the forecast period. Precipitated silica is manufactured commercially by reacting sodium silicate with mineral acid. It is further precipitated under alkaline conditions. It is employed in many applications, including rubber, plastics, food processing, and pharmaceuticals. The rubber application segment constituted large share of more than 50% of the global specialty silica market in 2019. This trend is estimated to continue during the forecast period. On the other hand, the chemical mechanical planarization (CMP) segment is projected to expand at a rapid pace during the forecast period.

Competition Landscape of Specialty Silica Market

Key manufacturers operating in the global specialty silica market include Evonik Industries AG, Solvay S.A., PPG Industries, Inc., W. R. Grace & Co., Cabot Corporation, Wacker Chemie AG, PQ Corporation, and Tokuyama Corporation.

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Source: EIN Presswire

Processed Alumina And Aluminum Market Drivers Include Increased Construction Activity In Emerging Markets

 Alumina And Aluminum Market Report 2021 - COVID-19 Impact And Recovery

Processed Alumina And Aluminum Global Market Report 2021 – COVID-19 Impact And Recovery

The Business Research Company’s Processed Alumina And Aluminum Global Market Report 2021 – COVID-19 Impact And Recovery

LONDON, GREATER LONDON, UK, September 22, 2021 /EINPresswire.com/ — The alumina and aluminum market growth in the historic period was mainly driven by the increase in construction activity in emerging markets. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, China’s construction market grew from $1,653 billion in 2016 to $2,279 billion in 2019. This rapid growth in construction activity contributed to the growth of the alumina and aluminum production and processing market.

The global processed alumina and aluminum market size is expected to grow from $748.51 billion in 2020 to $804.12 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1093.06 billion in 2025 at a CAGR of 8%.

Read More On The Global Processed Alumina And Aluminum Market Report:
https://www.thebusinessresearchcompany.com/report/processed-alumina-and-aluminum-global-market-report

Major players covered in the global processed alumina and aluminum industry are Rio Tinto, Weiqiao/ Hongqiao Group, United Co RUSAL PLC, Alcoa, Norsk Hydro.

Asia Pacific was the largest region in the global processed alumina and aluminum market, accounting for 70% of the market in 2020. Western Europe was the second largest region accounting for 10% of the global market. South America was the smallest region in the global processed alumina and aluminum market.

TBRC’s global processed alumina and aluminum market report is segmented by type into aluminum products from purchased aluminum, secondary smelted and alloyed aluminum, refined alumina and primary aluminum production, by application into automotive, manufacturing, others.

Processed Alumina And Aluminum Global Market Report 2021 – By Type (Aluminum Products From Purchased Aluminum, Secondary Smelted And Alloyed Aluminum, Refined Alumina And Primary Aluminum Production), By Application (Automotive, Manufacturing, Others), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides processed alumina and aluminum market overview, forecast processed alumina and aluminum market size and growth for the whole market, processed alumina and aluminum market segments, and geographies, processed alumina and aluminum market trends, processed alumina and aluminum market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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Metal Global Market Report 2021 – By Type (Iron And Steel Mills And Ferroalloy, Processed Nonferrous Metal, Processed Alumina And Aluminum, Foundries, Steel Products), By End Use (Construction, Manufacturing), COVID-19 Impact and Recovery
https://www.thebusinessresearchcompany.com/report/metal-global-market-report

Metal Ore Mining Global Market Report 2020 – By Type (Gold Ore Mining, Iron Ore Mining, All Other Metal Ore Mining, Silver Ore Mining, Uranium Ore Mining, Vanadium Ore Mining), By Organization Size (Large Enterprises, Small And Medium Enterprises), COVID-19 Impact And Recovery
https://www.thebusinessresearchcompany.com/report/metal-ore-mining-global-market-report-2020-30-covid-19-impact-and-recovery

Metal And Mineral Manufacturing Global Market Report 2020 – By Type (Mineral Products, Metal Manufacturing, Metal Products)
https://www.thebusinessresearchcompany.com/report/metal-and-mineral-manufacturing-global-market-report

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Source: EIN Presswire

Mining Stock News -Defense Metals ( $DEFN.V) ( $DFMTF) Drills 215 Metres Carbonatite in First Hole At Wicheeda REE

Defense Metals Corp. is pleased to provide an update with respect to its ongoing Wicheeda REE deposit resource expansion and delineation diamond drill program.

Defense Metals Corp. (TSX:DEFN.V)

VANCOUVER, BRITISH COLUMBIA, CANADA, September 21, 2021 /EINPresswire.com/ — Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE), is pleased to provide an update with respect to its ongoing Wicheeda Rare Earth Element (REE) deposit resource expansion and delineation diamond drill program. The first drill hole of the 2021 campaign testing the North Zone of the Wicheeda REE Deposit has intersected a 215-metre core interval of visually REE mineralized carbonatite, the longest carbonatite interval ever drilled on the Project (Figure 1). The program is progressing on schedule and is currently on the 4th drill hole, with over 750 metres drilled to date.

Read this news & see images featuring DEFN in full at https://www.investorideas.com/news/2021/mining/09211DEFN-Wicheeda.asp

The road accessible Wicheeda REE Property is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO1.

Drill hole WI21-33 (350az/-80o) was designed to test the North Zone of the Wicheeda REE Deposit, which remains open to expansion, and collared into visually REE mineralized carbonatite, and remained in carbonatite to a depth of 220 metres downhole. Significantly the intercept extends 120 metres vertically below the bottom of nearest mineralized drill hole (WI19-32) and 70 metres and below the base of the current resource pit shell, reinforcing that the north end of the Wicheeda REE Deposit is open to expansion (Figure 2).

The drill hole was designed to follow-up and expand to depth mineralization in nearby 2019 drill holes that yielded some of the highest REE grades to date including hole WI19-31 that intersected 4.43% LREO over 83 metres; including 5.47% LREO over 33 metres; and WI19-32 the final hole of the 2019 campaign that returned 4.01% LREO over 58 metres2 (see Defense Metals News Release Dated December 12, 2019).

The 2021 Wicheeda diamond drill program is designed to build on the successes of the 2019 campaign in support of future advanced economic studies. The 2021 drill program will focus on expanding the zone REE mineralized dolomite-carbonatite to the north, in addition to further delineating existing inferred resources within the central and northwestern areas of the deposit

Craig Taylor, CEO of Defense Metals, stated: “Defense Metals is extremely pleased to not only be making steady progress in completing our 2021 resource expansion and delineation drill program, but to have out first hole exceed our expectation in terms of visual indications of REE mineralization and being the longest carbonatite interval drilled to date on the Project. This reaffirms our believe in the significant expansion potential of the Wicheeda REE Deposit.”

About the Wicheeda REE Property
The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

Qualified Person
The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

About Defense Metals Corp.
Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

For further information, please contact:
Todd Hanas, Bluesky Corporate Communications Ltd. Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding “Forward-Looking” Information
See cautionary statement at https://www.investorideas.com/news/2021/mining/09211DEFN-Wicheeda.asp

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1 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

2 The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

Dawn Van Zant
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Source: EIN Presswire

Blue Marble Geographics releases Global Mapper version 23

Developed with customers in mind, Global Mapper aims to be an accessible and easy-to-use, cutting-edge GIS software program.

Global Mapper has the ability to undo many operations. The customizable undo manager allows the user to specify which actions to record in order to easily return to a previous data state.

Global Mapper v23 continues Blue Marble’s tradition of user-driven development incorporating new highly requested tools and functionality.

This release has some exciting new features that strengthen the usability of the software for spatial data presentation and analysis.”

— Katrina Schweikert, Product Manager

HALLOWELL, MAINE, UNITED STATES, September 21, 2021 /EINPresswire.com/ — Blue Marble Geographics® is pleased to announce the release of Global Mapper® v23. This version of the software includes new tools and expanded functionality useful for all GIS professionals.

Developed with customers in mind, Global Mapper aims to be an accessible and easy-to-use, cutting-edge GIS software program, affording users of any skill level the ability to analyze data and create maps. With the release of a new version of Global Mapper, Blue Marble continues to work with users to create a better GIS program.

A highly requested feature to ease the use of the program, undo and redo functions are now available, complete with a function manager and keyboard shortcuts. Improving how text labels are displayed in 3D, Global Mapper v23 contains new style options for 3D billboard labels that hover above features in the 3D Viewer and automatically orient to always face the user. The new version of Global Mapper also contains updated vector styling methods for the creation of choropleth maps. A new vector classification option uses statistical methods with numeric attribute values to better color and style features based on a selected color ramp. Expanding the capability of the Spatial Operations tool, which creates new features derived from the spatial relationships of existing ones, lines, points, and polygons are now able to be used as input and output geometry types.

“This release has some exciting new features that strengthen the usability of the software for spatial data presentation and analysis. Thanks to feedback from our existing users, we have implemented an Undo Manager that remembers nearly all changes to the data and display and provides flexibility in a workflow,” says Product Manager Katrina Schweikert. “With vector data, we have added options to classify numerical attributes using statistical breaks in the data, to produce choropleth maps in visually appealing and clear color palettes.”

As the Global Mapper program grows and evolves, the Blue Marble team values and carefully considers user feedback and new functionality suggestions. With the new tools and innovations in Global Mapper v23 and Global Mapper Pro, the program continues to be a comprehensive GIS solution suited for experienced or novice users.

Blue Marble will be presenting a live webinar on Wednesday, September 29, to showcase the new features in Global Mapper v23. During this hour-long presentation, scheduled to begin at 2 pm (EDT), attendees will see Global Mapper in action and will have the opportunity to ask questions about the new functionality. To register, visit: https://register.gotowebinar.com/register/6587609984359496717

For more information about Global Mapper and to download the application, visit https://www.bluemarblegeo.com/global-mapper/.

###

As a leader in GIS and software development, Blue Marble Geographics® provides professional-grade tools to GIS users at every level. Founded in 1993, Blue Marble’s expertise spans the geospatial technology sector with a particular focus on coordinate conversion and management, lidar and photogrammetric point cloud processing, and user-driven product development.

Blue Marble’s products include Geographic Calculator®, the industry standard for precise spatial data conversion and advanced coordinate system management; Global Mapper®, an all-in-one GIS application with a comprehensive array of data processing and analysis tools; and Global Mapper Pro®, a suite of advanced tools for optimizing workflow efficiency, and processing lidar and photogrammetric point clouds from drone-captured images. All of these desktop tools are also available as software developer toolkits and libraries.

For nearly three decades, Blue Marble’s products have been used and trusted by organizations around the globe — including government agencies, universities, and Fortune 500 companies. For more information visit: www.bluemarblegeo.com

Cintia Miranda
Blue Marble Geographics
+1 207-622-4622
cintiam@Bluemarblegeo.com
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Source: EIN Presswire

Nextech AR Provides Company Update to Shareholders – Link to Livestream Event Today

The metaverse  is going to arrive sooner then most people think and Nextechs Mini-Metaverse is already here!

The Metaverse is coming

Using AI the company has been able to scale the production of 3D models beyond what was thought possible

AI Powered AR Solutions

With blue chip customers and partnerships with MSFT, GOOG, Singtel and Ericsson the company is in a leadership position

Blue Chip Customers

AR product views on the web makes buying decisions easy with less returns creating huge ROI

Try Augmented Reality

The company is growing its technology business at a triple digit rate

Rapid Growth Fueled by Innovation

The transformation to a self-service Augmented Reality SaaS business model which will populate the world with 3D models and AR visualizations is underway

Nextech AR Solutions (NYSE:NEXCF)

With our acquisition of ARway, we have laid an important new foundation necessary to merge our augmented reality solutions with the Metaverse.”

— Evan Gappelberg-CEO

SAN JOSE, CALIFORNIA, USA, September 21, 2021 /EINPresswire.com/ — Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services is providing an update to shareholders and invites its shareholders to a Proactive Livestream event today at 1pm EST.

Livestream Details
Date: Tuesday, September 21, 2021
Time: 1:00 PM Eastern Time (US and Canada)
Register: https://zoom.us/webinar/register/WN_e7aUdaW6T0uoK9FNlH_APw

Introduction
Nextech AR Solutions is in the midst of an important period of growth and transition. With increasing attention from big tech, media and investors around the rapidly emerging augmented reality industry, which we anticipated with Nextech’s formation in 2018, the opportunity before us is greater than ever. In this letter we will review and clarify the strategic initiatives Nextech is taking in order to maintain and advance our leadership within this new frontier and capture market share with our entire suite of increasingly interconnected products.

As we move to Q4 and into 2022, we are focused on our development and release of multiple first to market SaaS platforms for Augmented Reality:
We are very excited that our AR for Ecommerce SaaS platform is launching in the next few weeks as we are seeing this market rapidly gain momentum.
We are also working on the following SaaS platforms:
● Education Technology (Q4-2021)
● CAD to POLY (Q2-2022)
● Spatial Mapping/Metaverse (Q2-2022)
● holoX – Human Holograms (Q4-2021)
● Ad Network – 3D AR (Q1-2022)
● Virtual/Hybrid Events (Q4-2021)
● WebAR/Threedy.ai for ecommerce (Q4-2021)

First Half 2021 Financial Recap
I will first provide you with a brief update on our second quarter 2021 financial results, which were announced in August.
● For the six months ended June 30th, 2021 revenue increased 130% to $13.8 million, compared to the same six months period last year, while gross profit increased 59% to $5.6 million over the same period.
● Revenue for the three months ended June 30th, 2021 was $6.1 million an increase of over 73% compared to the three months ended June 30th, 2020 of $3.5 million
● Gross profit for the three months ended June 30th, 2021 was $2.3 million an increase of over 6% compared to the three months ended June 30th, 2020 of $2.2 million
● Nextech cash on hand as of June 30th, 2021 was $15.4 million

I would like to make mention of the two transformative acquisitions we have made in 2021:
1) On June 25, 2021, we acquired 100% of the shares of Threedy.ai Inc, an AI-based end-to-end platform used to produce 3D augmented reality models, accelerating our delivery time to customers – in an all-stock transaction valued at US$9,500,000.

2) On August 26th, we finalized our acquisition of ARway in an all stock transition. With our acquisition of ARway, we have hired key founders Baran Korkmaz and Nikhil Sawlani. I will provide more detail on both of these acquisitions, and what they mean to our long-term strategy in this letter.

With respect to headcount, this year we have streamlined our staff, which we previously announced would result in $6 million in annual savings. I’m pleased to report that we are on track for this initiative. We made these adjustments with complete focus on forming a professional team aligned with our long-term strategic focus, that will strengthen our ability to execute and grow revenue across our business lines.

On the executive team, through our Threedy.ai acquisition, Nima Sarshar has been appointed as Nextech’s CTO of Visual Computing and Artificial Intelligence, and Max Huang has been appointed as our Senior Vice President of Engineering. Nima and Max bring with them a track record of innovation and deep understanding of AR solutions for ecommerce, that is already proving to be beneficial to Nextech’s product and solutions strategy roadmap. Innovative and product-applicable AI has always been Nextech’s competitive advantage as a provider of AR solutions. With the appointments of Nima and Max, we are reinforcing this competitive advantage.

Long-Term Strategic Initiatives
Nextech’s long-term strategic initiatives are focused on advancing and garnering greater industry leadership in the augmented reality space.

While the attention around the virtual events space during the COVID pandemic, and particularly in 2020 has certainly given Augmented Reality and Nextech a welcome tailwind – we never considered this thematic boost to our business to be permanent, and we have always had our eye on the bigger prize. In contrast with the COVID wave, the emerging Augmented Reality wave driven by Big Tech adoption is here to stay and will be a multi-decade, multi-billion dollar per year wave. Mass adoption of AR is merely in its nascent stage. Big tech is building the AR ecosystem that Nextech eats and breathes in, and we feel strongly that Nextech’s realization of market share capture within this burgeoning new industry is at our fingertips.

Again, throughout 2021 we have made several advancements and announcements which have positioned us with a differentiated AR offering, and are important to the strategic direction of the company, including:
● our acquisition of ARway, providing our solutions a pathway to the Metaverse
● our acquisition of Threedy.ai and integration of 3D for ecommerce, enabling us to weave SaaS and self-serve across our product offering with tremendous implications for greater scale
● our appointment of Nima Sashar as CTO and Max Huang as VP of Engineering
● our Partnership with Google for 3D search indexing
● Our introduction of CAD to Poly capability, opening up an enormous new market opportunity for Nextech to address the ubiquitous use of CAD files across all industries which engage in product engineering and product manufacturing
● Our expanding partnership with Ryerson University where we were awarded Funds from the Ontario Government, for the creation and delivery of AR learning experiences for use within post-secondary education – creating the largest portfolio of AR labs for higher education with 85 labs!
● Approval of a Microsoft co-sell partnership for our EdTechX, serving higher education customers and built on Microsoft Azure – has achieved Co-sell Ready status, allowing the Company to work with Microsoft sales teams to actively fulfill customer needs across a global marketplace.

I would like to better define how these announcements fit together, as one cohesive and overlaying strategy that will uniquely position Nextech to attract more customers, grow revenue and succeed in this emerging, multi-billion dollar market.

The Metaverse
With our acquisition of ARway, we have laid an important new foundation necessary to merge our augmented reality solutions with the Metaverse. While Big Tech, analysts, and industry pundits have championed the Metaverse as “the future of the internet and computing”, they have yet to agree on a universal definition of exactly what the Metaverse is.

Nextech’s proven suite of AR solutions combined with ARway’s cloud and 3D mapping technologies, opens a unique, addressable market within the Metaverse. The “mini-metaverse” will become an available application for malls, university campuses, theme parks, stores, corporate headquarters, and other concise locations that lend themselves to geolocation mapping for improved user experience.

Once 3D maps are created, Nextech’s AR experiences such as wayfinding, human holograms, ads, products and more can populate the “mini-metaverse” at scale and provide immersive, engaging experiences for consumers. By scaling the creation of 3D maps to support geo-location-based AR experiences, Nextech's vision of “mini-metaverses” becomes a reality. Nextech will be the leader to market in the “mini-metaverse”, an opportunity we believe to be as large as the Metaverse itself.

ARway AR cloud and 3D mapping technologies have opened the door to the Metaverse, and no company has a better line of solutions prepared to populate the mini-metaverse than Nextech. Supported by Nextech’s global sales and marketing machine, our AR ecommerce, AR advertising, holoX Human Holograms and AR Portals are ready to populate mini-metaverses and will lead the market in their respective product categories.

The Path to SaaS and Self-Serve
I would now like to highlight the importance of Nextech’s acquisition of Threedy.ai in June of this year. Because of Threedy, the SaaS and self-service models are already available for 2D to 3D ecommerce sites and CAD to POLY for manufacturers and will become available across our entire solutions portfolio in the coming months. SaaS and self-service integration with our product line has enormous implications for the scalability of our product suite, and Nextech’s future revenue growth. With SaaS, Nextech will move away from managed solutions and toward monthly recurring revenue (MRR), business scalability, and low to no touch. This has already begun and we currently have over 30 accounts and growing contracts for $2 million in annual contracts representing about $150K in MRR across our platforms.

Nextech has spent the past three years, individually validating market acceptance for each of our product categories – AR for ecommerce with 3D/AR product visualization using WebAR, AR for advertising with 3D ads, AR for human holograms with holoX, AR for higher education with Ryerson Labs and ARitize for bespoke immersive AR experiences and AR Portals for 360 video visualization. To be an early developer of any emerging market individual solutions sales and white glove product creation are both required and are time consuming. However the process has proven successful with customer demand for Nextechs AR suite from blue-chip customers such as Ryerson University, Carnegie Mellon, Broad MIT Harvard, Kohls, Pier1, Kmart Australia, Johnson & Johnson, Dell, Verizon and many more. We have put in the work, and are integrating Threedy’s disruptive AI and computer vision technology with Nextech’s AR platform. Large customers who require scale for ecommerce and product manufacturing can eliminate the time consuming and expensive 2D to 3D process and convert images and CAD files to 3D/AR within just seconds, totally disrupting the multi billion dollar CAD and AR industry.

For example, in recent weeks we have announced self-serve availability for our 3D ecommerce solutions, as well as the imminent availability of SaaS for our recently announced CAD to POLY, a technology that will greatly reduce the cost and accelerate the CAD conversion process which we believe will disrupt industries.

Our August announcement of an early access partnership with Google, for their 3D AR Search Program further underscores the breadth of the market opportunity before us. Google processes over 3.5 billion searches per day and 1.2 trillion searches per year worldwide.

Nextech AR is building solutions that connect our customers to billions of people around the world. Google’s platform is now turning more towards indexing higher in search 3D assets which puts a huge tailwind behind anything that is on the web in 3D. We believe that we have the ONLY platform that can meet the enormous global demand that is coming for 3D product conversions from 2D to gain better search results on Google.

Nextech AR has granted exclusive early access of the 3D search program to its current Threedy.ai customers, which include some of the world’s largest furniture retailers: Pier 1, Lighting Plus and Kmart Australia. With Nextech 3D generated models showing up in Google’s 3D AR Search Program, brands that hire Nextech can now expect to see their products indexed higher as organic search results on Google.
Looking Forward

The most exciting thing happening today is that all objects are being turned into 3D on the Web with no app required. All objects refer not only to ecommerce but everything that is manufactured; apparel, automotive, electronics, aerospace, oil and gas, real estate etc. The reason why that’s so exciting is for two reasons: One, it's ubiquitous. The Web dial tone is everywhere. And anything that's ubiquitous gets interesting. Two, I think we have figured out a way to own it. What’s so compelling about creating and owning all these 3D assets is there's going to be a lot more innovation in AR and that will be foundational for the emerging Metaverse.

If I stand up and look at the other AR startups around me, we don’t fit into that group, as they are all point solutions. Where I see us fitting in is with the tech giants, who essentially own a market. Apple owns your phone, Google owns your search engine, Amazon owns your shopping, Facebook, SNAP or TikTok own your social media. As the owners of 3D model creation (and the models themselves), Nextech’s position at this table will become increasingly important to the development of an agnostic platform for edTech, ecommerce, and advertising, providing an ever growing revenue stream.

We currently have many customers that use our 3D modeling technology, including some of the biggest brands, but we are still just getting started. It feels like all our hard work is about to pay off as we are entering the 1st inning of our transformation to a self-service SaaS business model which will allow us to populate the world with 3D models and AR visualizations.

Sincerely,
On behalf of the Board of Directors, Nextech AR Solutions Corp.
Evan Gappelberg CEO and Director
For further information, please contact:
Evan Gappelberg
info@nextechar.com

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

Forward-looking Statements
The CSE and the NEO have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Evan Gappelberg
Nextech AR Solutions
+1 6316556733
email us here

AI Powered 3D Model Creation At Scale For E-commerce​


Source: EIN Presswire

Slitter Rewinder Machine Market : Industry Analysis & Opportunities-DataM Intelligence

Research Report

DataM Intelligence

The global slitter rewinder machine market is expected to grow at a CAGR of 3.5% during the forecasting period (2021-2028).

The global slitter rewinder machine market is expected to grow at a CAGR of 3.5% during the forecasting period (2021-2028).”

— DataM Intelligence

CLEVELAND, OHIO, UNITED STATE AMERICA, September 21, 2021 /EINPresswire.com/ —

Market Overview
The Slitter additionally called the Slitter Rewinder, is the standard system used to transform paper, film, and foil materials. The device is designed to convert a huge roll of fabric into numerous thinner rolls. The technique entails numerous steps; unwinding a grasp or mill roll is the number one step, followed through maintains with the aid of slitting the unwound fabric into diverse widths, and subsequently completes the technique by means of rewinding the slit cloth onto cores of diverse widths. Furthermore, those conversion machines are utilized by producers of flexible packaging materials at the side of rotogravure/flexographic printing and lamination gadgets to create laminated reels and pouches.

View full report: https://www.datamintelligence.com/research-report/slitter-rewinder-machine-market

Market Dynamics
An increasing call for transformed paper merchandise has created large possibilities for the slitter rewinder machines nowadays. The developing call for tissue paper merchandise has shown a mild increase for the reason that past few years, thereby anticipated to improve the call for slitter rewinder machines inside the forecast length

Increasing demand for converted paper products has created immense opportunities for the slitter rewinder machines in recent times
With the increasing intolerance closer to conventional plastics, the flexible packaging region has quickly shifted from plastic movies to bendy paper packaging answers. Flexible packaging has evolved and is still described with the aid of generation and innovation. According to this tri-fold, flexible packaging is at the leading edge of essential packaging traits such as product safety, layout and performance, client comfort, and sustainability. Furthermore, because of the elevated emphasis on sustainability, traditional flexible packaging solutions are being changed via ingenious and greater sustainable flexible packaging options. As a result, the demand for slitter rewinder machines for changing paper is swiftly growing. Furthermore, compared to center-floor slitter rewinder machines, surface wider slitter rewinder machines are extra fee-effective and capable of preserving low tension inside the rewinding material.

The growing demand for tissue paper products has shown a moderate growth over the past few years, thereby expected to improve the demand for slitter rewinder machines in the forecast period
According to RISI, global tissue production is expected to reach 44 million tonnes in 2021, up from 14 million tonnes in 2010. Tissue manufacturing era advances and the green use of uncooked materials will enhance both the design of tissue merchandise and the manner they are distributed. Furthermore, with an annual according to capita consumption of 27kg, the average American consumer ranks first within the global in terms of tissue paper usage in terms of volume. With the biggest subsector, lavatory paper, already having close to-a hundred percent household penetration, driving consumers to the excessive cease of the market has grown to be the primary boom engine. As an end result of the growing call for tissue paper goods, international tissue paper manufacturing capability has increased, developing a profitable potential for the worldwide surface winder slitter rewinder machines market.

Segment Analysis
By Machine
• Center Winder
• Surface Winder
• Center-Surface Winder
By Maximum Operating Speed
• Less than 300 m/min
• 300 to 600 m/min
• 601 to 800 m/min
• Above 800 m/min
By Substrate
• Paper
• Plastic
• Metal
• Textile

Download free sample: https://www.datamintelligence.com/download-sample/slitter-rewinder-machine-market

Geographical Analysis
The Asia-Pacific area is drawing slitter rewinder machine industry players due to the low-cost machinery and low-cost manufacturing rise in the number of paper and paperboard factories in nations like Japan, China, and India.

The Asia Pacific vicinity is predicted to grow strongly at some stage in the projected length. Regions swiftly growing economies, which include China and India. China is the most effective U.S.A. Within a world that has a large economic presence. Furthermore, low-cost machinery and occasional-value manufacturing permit it to export more than other regions inside the marketplace. Furthermore, call for might upward thrust within the forecasted time-frame as the wide variety of paper and paperboard factories in international locations like Japan, China, and India grows.

Competitive Landscape
The slitter rewinder machine market is consolidated with the presence of limited global companies. Some of the key players contributing to the market's growth include Hagihara Industries Inc, Kataoka Machine Co., Ltd., KAMPF Schneidmaschinen für SRF, Jiangyin Kesheng Machinery Co., Ltd. Yongsheng New Materials Equipment, Wenzhou Kingsun Machinery Industrial Co., Ltd, TS Converting Equipment Ltd., PSA Technology, Parkinson Technologies, and among others.

The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the slitter rewinder machine market's growth globally. The key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
For instance, On 6th June 2018, Goebel IMS has established a partnership with Laem System S.r.l., an Italy-based manufacturer of slitter rewinder machines, to improve its business at a global scale.

Related Topic’s
Deblistering Machine Market, Slide Stainer Market, Wheel Aligner Machine Market

Sai Kiran
DataM Intelligence 4Market Research LLP
+1 8774414866
sai.k@datamintelligence.com
Visit us on social media:
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Source: EIN Presswire

UrAmerica and Burkhan World sign $65m Termsheet To Take One of The Largest Uranium Deposits To Production in Argentina

UrAmerica

Burkhan World Investments

Burkhan World Investments

Shahal Khan Chairman of Burkhan

Argentina presents a key opportunity in natural resources & energy development in Latin America, Patagonia holds large Battery metals and Rare Earths

Major policy shifts, aggressive decarbonization goals and growing energy needs should bolster greater demand for uranium. These policies are to set the stage for a change in the energy sector
sector”

— Shahal Khan CEO of Burkhan World

WASHINGTON DC, WASHINGTON DC, USA, September 21, 2021 /EINPresswire.com/ — Washington, DC, September 20, 2021 / –

UrAmerica Ltd. (UrA), the leading Argentine uranium explorer and developer is pleased to announce that it has signed a Letter of Intent (LOI) and Term Sheet (TS) for $65,000,000 USD funding through BIDC, Inc. a Washington, DC based subsidiary of Burkhan World Investments.

The funding will be provided to accelerate the development and mining in the production for Uranium as well as fund analysis and feasibility for mining other critical battery metals for the clean energy economy including lithium, zirconium, gold, and copper.
Demand for nuclear fuel from domestic resources as well as global markets continues to outpace supply as countries look towards energy self-sufficiency and climate friendly solutions. UrAmerica is focused on development of uranium production via the low cost and low impact method of In-Situ Recovery (ISR) in Chubut Province. Six (6) barrels of Uranium produce the energy equivalence of two-hundred and twenty thousand (220,000) barrels of oil making it the optimal source of energy for rapidly addressing climate issues for nations globally.

Omar Adra, Executive Director, Chief Executive Officer of UrAmerica commented on the agreement, “UrAmerica is very excited to look towards this funding from Burkhan International Development Corporation, to build a world class mining platform supporting BIDC’s strategy of critical metals source thru clean energy production and infrastructure globally. UrAmerica is dedicated to make a significant global contribution to achieving the Net-Zero carbon goal that the planet needs”.

BIDC Chairman, Shahal Khan added, “BIDC is pleased to have signed this funding commitment with UrAmerica to enable a carbon free future as well as to develop what we feel are one of the largest potential strategic metals deposits in South America. This transaction is strategic to the United States for the future security of supply chain in that sector. We hope to list UrAmerica’s in the near future in the US stock market to allow it to accelerate its timing to production of uranium and exploration of key minerals such as Lithium.”

The funding will also lead to a re-structuring of the company to become a U.S. company based in Washington, DC.

Global Policy Initiatives Support Nuclear Energy, Biden’s proposed FY2022 budget includes production tax credits to support at-risk power plants ($9.7B through 2031). This is funding to procure advanced nuclear power ($3.5B through 2026). The EU indicated that nuclear energy does not cause significant harm and inclusion may help support continued and new investment in nuclear capacity in Europe, stemming early reactor closures. The U.S., Europe, China and Japan are recognizing nuclear’s vital role as a carbon-free energy source planning to produce 20% of electricity from non-fossil sources by 2030 expect nuclear power use to rise as much as 10% over the next decade, up from 5% in 2019.
China Japan

About UrAmerica Ltd.
UrAmerica is a private uranium exploration company incorporated in London with presence in Argentina and Paraguay. The company has focused its efforts on developing the properties and it has successfully consolidated a highly prospective land package in the Province of Chubut in Argentina. UrAmerica’s land position covers many areas for uranium exploration and the basin is known for hosting many other minerals, such us gold, copper, lithium, vanadium, molybdenum, REE, etc. The company upholds the highest environmental, safety and hygiene standards, in compliance with local laws and regulations and global market practices and is committed to the conservation of the environment and the progress of the communities in which we operate.
Website: www.uramerica.co.uk

About BIDC, Inc.
BIDC is a global infrastructure development company based in Washington, DC. We are focused on empowering the lives of communities throughout the world through bottom-up infrastructure solutions and building global platforms and supply chains with our partners to serve the new clean energy economy and Industry 4.0. We are leaders in finance, innovation, energy infrastructure, connectivity, and technology that can unlock communities’ circular economies to enhance their incomes, health, education, and wellbeing by leveraging smart community infrastructure towards a more climate friendly inclusive planet.
BIDC strives to become the leading US nation building development toolkit of choice to empower the lives of citizens around the world.

Website: www.burkhan.world
Websire: www.bidc.world

Press contact:
BIDC: Camille Chetrit: Camille@bidc.world
Phone:+12404235984

UrAmerica:
Omar Adra: omar@uramerica.co.uk

This press release contains forward-looking statements and information within the meaning of applicable securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that UrAmerica expects or anticipates will or may occur in the future, including statements as to the potential success of any current and future exploration, UrAmerica’s ability to discover and develop a world class uranium deposit in the Chubut Province, Argentina, the benefits to Provincial and Local communities, and the timely meeting of certain pre-determined milestones. When used in this press release, the words “potential”, “indicate”, “expect”, “intend”, “hopes”, “believe”, “may”, “will”, ”if” and similar expressions are intended to identify forward-looking statements and forward looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of UrAmerica to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, the risks and hazards associated with the business of mineral exploration, development and mining, the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, changes in national and local government, legislation, taxation, controls or regulations and political or economic developments in Argentina, risks concerning UrAmerica’s title to properties; potential effects on UrAmerica’s operations of environmental regulations in Argentina; risks due to legal proceedings; risks relating to political and economic instability Argentina. Although UrAmerica has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

Camille Chetrit
Burkhan
+1 240-423-5984
email us here

Analysis on Uranium 2021


Source: EIN Presswire