Amended Bridge Financing Includes up to $45 Million in New Senior Secured Financing
Birch Lake Fund Management LP, Which Led Senior Bridge Financing Facility in 2019, Returns to Support Faraday Future
Faraday Future (FF), a California-based global shared intelligent mobility ecosystem company, today announced that it has completed the expansion and extension of the senior bridge financing facility put in place in 2019 to support the completion and launch of its flagship FF 91 EV and continue development of the mass-market FF 81. The amended bridge facility includes new senior secured financing of up to $45 million, which matures in October 2021.
As part of the expanded and extended financing agreement, Birch Lake, a Chicago-based merchant bank, has returned to support FF as the majority purchaser of the new senior secured financing. The principals of Birch Lake and co-investor, ATW Partners, a New York-based private equity firm, bring extensive experience
Pune, Maharashtra, India, October 13 2020 (Wiredrelease) Prudour Pvt. Ltd :Market.us delivers granular analysis of Ferrocene Market to Garner Bursting Revenues with Top Growing Companies During 2021-2030, which includes global industry analysis, key market trends, vendor classification with their market positioning, sales, revenue and market share with the product type and by applications. Likewise, The development ratio which is expected in perspective of the rational analysis provides thorough information concerning contributions by way of top key vendors, demand, and deliver complete evaluation as well as market proportion boom of the Ferrocene industry.
Ferrocene Market: An Structure Overview
Ferrocene Market play a vital role in chemicals and materials industry. This intelligence report along with (2021-2030) Forecast of Ferrocene market study exhibits a pattern of interpreting previous data sources gathered from the most reliable sources and sets a precedented growth trajectory for the Ferrocene.
The key to promoting the hydrogen economy represented by hydrogen vehicles is to produce hydrogen for electricity generation at an affordable price. Hydrogen production methods include capturing by-product hydrogen, reforming fossil fuel, and electrolyzing water. Water electrolysis in particular is an eco-friendly method of producing hydrogen, in which the use of a catalyst is the most important factor in determining the efficiency and price competitiveness. However, water electrolysis devices require a platinum (Pt) catalyst, which exhibits unparalleled performance when it comes to speeding up the hydrogen generation reaction and enhancing long-term durability but is high in cost, making it less competitive compared to other methods price-wise.
There are water electrolysis devices that vary in terms of the electrolyte that dissolves in water and allows current to flow. A device that uses
Recent work led by Carnegie’s Kamena Kostova revealed a new quality control system in the protein production assembly line with possible implications for understanding neurogenerative disease.
The DNA that comprises the chromosomes housed in each cell’s nucleus encodes the recipes for how to make proteins, which are responsible for the majority of the physiological actions that sustain life. Individual recipes are transcribed using messenger RNA, which carries this piece of code to a piece of cellular machinery called the ribosome. The ribosome translates the message into amino acids—the building blocks of proteins.
But sometimes messages get garbled. The resulting incomplete
(Reuters) – Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a “significant production risk”.
The U.S. electric carmaker plans to manufacture a new version of its Model Y crossover vehicle, and possibly even battery cells at the site. Last month, Musk said that Tesla will use its Germany-based plant to demonstrate a radical overhaul of how its cars are built.
The company plans to start the production of Model Y at Gigafactory Berlin during the second half of 2021.
Tesla’s new battery cell – a larger cylindrical format called 4680 that can store more energy and
India is giving more than a dozen companies new incentives to invest in the country’s smartphone industry, bolstering an ambitious campaign from Prime Minister Narendra Modi to rebrand the country as the world’s next manufacturing hub.
Foxconn Technology, the world’s biggest contract assembler of consumer electronics and main assembler of Apple products, says it has joined forces with a fellow Taiwanese hardware firm to delve further into electric vehicle production as the global market is set to grow.
The assembler founded by one of Taiwan’s richest people, billionaire Terry Gou, formed a “strategic alliance” with Yageo Group, Foxconn announced last week. The alliance will advance Foxconn’s fledgling electric vehicle business by sharing Yageo’s years of experience in EV components along with its knowhow in 5G technology and semiconductor packaging, the statement says.
“Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the
The Indian government on Tuesday said it was going to approve incentives to 16 companies, including a trio of top Apple suppliers, under a new plan to boost domestic smartphone production.
Smartphone manufacturing has become a cornerstone of a broader push by India to position itself as an export hub for consumer electronics and other products. The so-called “Made in India” drive will see $6.65 billion allotted toward a product incentive scheme to encourage local smartphone manufacturing.
Of the 16 companies approved in the scheme, three are prominent Apple supply chain partners: Foxconn, Wistron, and Pegatron, according to Reuters. Those companies, all of which help produce various iPhone models, must invest in local manufacturing to earn the incentives, however.
Although the Indian government did not specify how much Foxconn, Wistron, and Pegatron plan to set aside for local production, a previous report suggested that they could invest a combined
VIENNA (Reuters) – India and South Africa want the World Trade Organization (WTO) to waive intellectual property rules to make it easier for developing countries to produce or import COVID-19 drugs, a letter https://docs.wto.org/dol2fe/Pages/SS/directdoc.aspx?filename=q:/IP/C/W669.pdf&Open=True to the WTO shows.
In their letter dated Oct. 2 the two countries called on the global trade body to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which governs patents, trademarks, copyright and other intellectual property rules globally.
“As new diagnostics, therapeutics and vaccines for COVID-19 are developed, there are significant concerns (over) how these will be made available promptly, in sufficient quantities and at (an) affordable price to meet global demand,” the letter posted on the Geneva-based WTO’s website says.
The two countries said that developing nations are disproportionately affected by the pandemic and that intellectual property rights, including patents, could be a barrier to the provision of affordable
Billions of noble metal catalysts are used worldwide for the production of chemicals, energy generation, or cleaning the air. However, the resources required for this purpose are expensive and their availability is limited. To optimize the use of resources, catalysts based on single metal atoms have been developed. A research team of Karlsruhe Institute of Technology (KIT) demonstrated that noble metal atoms may assemble to form clusters under certain conditions. These clusters are more reactive than the single atoms and, hence, exhaust gases can be much better removed. The results are reported in Nature Catalysis.
Noble metal catalysts are used for a wide range of reactions. Among others, they are applied in nearly all combustion processes to reduce pollutant emissions. Often, they consist of very small particles of the active component, such as a noble metal, which are applied to a carrier material. These so-called nanoparticles are composed of