PAS Global to be Acquired by Hexagon AB

Combined Company Creates a Powerhouse for Managing the Industrial Lifecycle

HOUSTON, Nov. 4, 2020 /PRNewswire/ — PAS Global, LLC (PAS), the OT Integrity company, today announced it has agreed to be acquired by Hexagon AB (Hexagon), a global leader in sensor, software, and autonomous solutions.

PAS, Inc.

With the combination of PAS and Hexagon, customers will benefit from a comprehensive software portfolio to manage the industrial lifecycle from plant design and maintenance, to real-time situation awareness in the control room, cybersecurity risk management, and industrial digital transformation. PAS also complements and significantly extends Hexagon’s global customer footprint in the process industries.

“Since 1993, PAS has delivered solutions that help industrial organizations improve process safety and profitability,” said PAS Founder and CEO Eddie Habibi. “As cyber risk in the industrial sector has grown, we have remained true to our mission by expanding our capabilities to further protect operational technology (OT) and have been recognized as a leading cyber asset management company. Now, PAS and Hexagon together will be a powerhouse solution provider for managing the entire industrial lifecycle.”

“Hexagon is committed to a mission of empowering the autonomous future by putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications,” said Hexagon PPM President Mattias Stenberg. “The strategic acquisition of PAS will expand our owner operator market presence and broaden our capabilities by extending Hexagon solutions to operational risk management and operational technology cybersecurity.”

“We have long admired Hexagon’s technology portfolio and team,” Habibi added. “There is strong technology and cultural fit across our two organizations, and we are excited to join forces with Hexagon to deliver more value to customers and empower the autonomous future.”

The acquisition represents a new cybersecurity-focused business segment within Hexagon’s PPM division, which will also provide opportunities with other Hexagon divisions. The process safety solutions brought to Hexagon from PAS will be integrated into the PPM owner operator line of business.

Completion of the transaction (closing) is subject to standard regulatory approvals.

Stifel Global Technology Group acted as exclusive financial advisor and Vinson & Elkins LLP provided legal representation to PAS Global in connection with this transaction.

About PAS Global, LLC
PAS Global, the OT Integrity company, delivers software solutions that prevent, detect, & remediate cyber threats; reduce process safety risks and optimize profitability; and enable trusted data for decision-making. With operations in over 70 countries, PAS helps many of the world’s leading industrial organizations ensure OT Integrity from the sensor to the cloud – including 13 of the top 15 refining, 13 of the top 15 chemical, 4 of the top 5 pulp and paper, 3 of the top 5 mining, and 7 of the top 20 power generation companies. PAS was recently named the #1 Global Provider of Safety Lifecycle Management and #1 Alarm Management Provider by ARC Advisory Group and is named as a Representative Vendor by Gartner for OT Network Monitoring and Visibility and OT Endpoints Security. For more information, visit www.pas.com. Connect with PAS on Twitter @PASGlobal and LinkedIn.

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‫”هيكساجون إيه بي” تستحوذ على “بي إيه إس جلوبال”

 تنشأ الشركة المشتركة مركز قوة لإدارة دورة الحياة الصناعية

هيوستن،, 4 نوفمبر/تشرين الثاني 2020  /PRNewswire/ — أعلنت PAS Global, LLC “بي أيه أس جلوبال” (بي إيه إيس (PAS))، شركة التكامل للتكنولوجيا التشغيلية، اليوم أنها وافقت على أن تستحوذ عليها شركة Hexagon AB “هيكساجون إيه بي” (هيكساجون (Hexagon))، وهي شركة عالمية رائدة في مجال أجهزة الاستشعار والبرمجيات والحلول المستقلة.

PAS, Inc.

من خلال الدمج بين شركة بي إيه إيس وشركة هيكساجون، سيستفيد العملاء من مجموعة برامج شاملة لإدارة دورة الحياة الصناعية من تصميم المصنع وصيانته، إلى الوعي بالموقف فوريًا في غرفة التحكم، وإدارة مخاطر الأمن الإلكتروني، والتحول الرقمي الصناعي. يكمل نظام شركة بي إيه إيس أيضًا ويوسع بشكل كبير بصمة العملاء العالمية لشركة هيكساجون في الصناعات العملية.

صرح مؤسس بي إيه إس ومديرها التنفيذي إيدي حبيبي (Eddie Habibi): “منذ عام 1993، قدمت شركة بي إيه إس حلولًا تساعد المؤسسات الصناعية على تحسين سلامة العمليات وقابليتها للربح”. “مع نمو المخاطر الإلكترونية في القطاع الصناعي، ظللنا متمسكين بالإيفاء بمهمتنا من خلال توسيع قدراتنا لتوفير مزيد من الحماية للتكنولوجيا التشغيلية (OT) وتم الاعتراف بنا كشركة رائدة في إدارة الأصول الإلكترونية. والآن، ستعمل شركة بي إيه إس وشركة هيكساجون معًا كمزودين لحلول الطاقة لإدارة دورة الحياة الصناعية بأكملها.”

صرح ماتياس ستينبيرج (Mattias Stenberg)، رئيس إدارة محفظة المشروع بشركة هيكساجون،: “تلتزم شركة هيكساجون بمهمة تمكين المستقبل المستقل من خلال استغلال البيانات لتعزيز الكفاءة والإنتاجية والجودة عبر تطبيقات الصناعة والتصنيع والبنية التحتية والسلامة والتنقل،”. “سيؤدي الاستحواذ الاستراتيجي لشركة بي إيه إس إلى توسيع وجودنا في سوق المشغلين المالكين وتوسيع قدراتنا عبر توسيع حلول شركة هيكساجون لإدارة المخاطر التشغيلية والأمن الإلكتروني للتكنولوجيا التشغيلية.”

كما أضاف حبيبي “طالما أُعجبنا بمحفظة تكنولوجيا هيكساجون وفريقها”. “هناك تقنية قوية وتناسب ثقافي عبر مؤسستينا، ونحن متحمسون لتوحيد جهودنا مع هيكساجون لتقديم قيمة أكبر للعملاء وتمكين المستقبل المستقل.”

يمثل الاستحواذ قطاع أعمال جديدًا يركز على الأمن الإلكتروني داخل قسم إدارة محفظة المشروع في هيكساجون، والذي سيوفر أيضًا فرصًا مع أقسام هيكساجون الأخرى. سيتم دمج حلول سلامة العمليات التي تم إحضارها إلى هيكساجون من شركة بي إيه إس في خط أعمال مشغل مالك إدارة محفظة المشروع.

يخضع إتمام الصفقة (الاختتام) للموافقات التنظيمية القياسية.

عملت مجموعة ستيفيل العالمية للتكنولوجيا (Stifel Global Technology Group) كمستشار مالي حصري ومثلت شركة فينسون والكينز شركة تضامنية محدودة المسؤولية (Vinson & Elkins) قانونيًا شركة بي إيه إس العالمية بهذه الصفقة.

عن شركة بي إيه إس العالمية، ذ.م.م.

 تقدم شركة بي إيه إس العالمية، شركة تكامل التكنولوجيا التشغيلية، حلول برمجية تمنع التهديدات الإلكترونية وتكتشفها وتعالجها؛ وتقليل مخاطر سلامة العمليات وتحسين الربحية؛ وتمكين البيانات الموثوقة لاتخاذ القرار. من خلال العمليات في أكثر من 70 دولة، تساعد شركة بي إيه إس العديد من المؤسسات الصناعية الرائدة في العالم على ضمان تكامل التكنولوجيا التشغيلية من المستشعر إلى السحابة – بما في ذلك 13 من أفضل 15 شركة تكرير، و13 من أفضل 15 شركة كيميائية، و4 من أفضل 5 شركات للباب الورق والورق، و3 من أكبر 5 شركات تعدين، و7 من أكبر 20 شركة لتوليد الطاقة. سُميت شركة بي إيه إس مؤخرًا بالمزود العالمي الأول لإدارة دورة السلامة والمزود الأول لإدارة الإنذارات من قبل المجموعة الاستشارية إيه أر سي (ARC Advisory Group) واشتهرت كمورد تمثيلي من قبل شركة جارتنر (Gartner) لرصد شبكة التكنولوجيا التشغيلية والرؤية وأمن نقاط النهاية لهذه التكنولوجيا. للمزيد من المعلومات، تفضل بزيارة www.pas.comتواصل مع شركة بي إيه إس على تويتر @PASGlobal وعلى لينكد إن.

 الشعار – https://mma.prnewswire.com/media/380080/PAS_Inc_Logo.jpg

SANANBIO ARK, the Mobile Farm for All Climates that Supplies Communities with Fresh Local Food

XIAMEN, China, Nov. 4, 2020 /PRNewswire/ — SANANBIO, a leading vertical farming solution provider announces the availability of its climate controlled mobile farm for growers globally.

SANANBIO ARK HIGHLIGHTS

“3,300-4,400 lbs of cucumbers, 7,700 lbs of arugula, or 8,000 lbs of lettuce. These are the proven annual yields that we’re confident to announce,” said Zhan Zhuo, co-founder and CEO of SANANBIO, “We ‘produce’ turnkey farms and this one is mobile.” It adapts to any climate thanks to its thermal insulation system with a thermal conductivity below 0.024w/(m·K). One of the mobile farms operated as usual in a coldness of -40 degree Fahrenheit in northern China, sustaining local communities with local produces at a reduced carbon footprint. It is shocking to find that our food travel 1,500 miles on average before reaching our plate. The CO2  generated, and the nutrients lost during the transportation, can’t be good for the planet or human beings. That’s why local food is advocated. “The ready-to-use farm is the solution we offer to regions where the environment is too harsh to support stable agricultural production,” said Zhan.

To streamline the farming experience, the designer simplifies the start-up procedures to a single plug-in motion: power it up through a connector on the exterior and then even hydroponic beginners are set to grow. Moreover, growers can monitor and control farm metrics simply by moving fingertips on their phone.

“By simplifying modern agriculture, we offer more farming opportunities for kids and urban dwellers. We have a mobile farm deployed in a Malaysian suburb where kids from the neighborhood frequent the farm for hands-on hydroponic experience. It’s a perfect bonding time when families go there to pick their own salad ingredients. As a Photobiotech company, we’re nurturing a new generation of growers,” said Zhan.

For more info about the mobile farm, please visit www.sananbio.com/ark.

About SANANBIO

SANANBIO is a joint-venture by Sanan Optoelectronics, one of the world’s largest LED manufacturers, and the Institute of Botany of Chinese Academy of Sciences, a leading institute in plant science. Comprised of LED experts and plant scientists, SANANBIO is able to provide simple CEA solutions for growers globally. The RADIX, a Reddot award winner, has been widely endorsed by growers in more than twenty countries.

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CBD rings market-opening bell to celebrate listing of US$600mn bond on Nasdaq Dubai

DUBAI, Dr. Bernd van Linder, Chief Executive of Commercial Bank of Dubai, CBD, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a US$600 million AT1 conventional bond.

The six-year bond with a 6 percent interest rate was 2.1 times subscribed, and allocated to investors in the Middle East (61%), Europe (24%) and Asia (13%). It is the first bond issuance that CBD has listed on Nasdaq Dubai, the region’s international financial exchange.

CBD Chief Executive commented, “We are pleased with the outcome for CBD’s inaugural AT1 issuance. The success of the transaction and in particular the diversified interest reflect the confidence investors have in CBD’s strategy and execution as well as the strength of the UAE economy. The issuance will enable the bank to further support local UAE businesses now and into the future. We are also delighted with listing the securities on Nasdaq Dubai, which is the region’s international exchange and the preferred choice of most regional and local issuers.”

Darren Clarke, Chief Financial Officer of CBD, said, “The final pricing of the bond, being the lowest coupon paid by a Dubai based bank issuer on a Basel III compliant AT1 bond to date, has exceeded our expectations and underpins the confidence investors continue to have in UAE based issuers. The issuance further strengthens CBD’s capital profile and brings the bank back to the capital markets.”

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said, “CBD’s inaugural bond listing on Nasdaq Dubai underlines the growing role of the exchange in supporting capital-raising initiatives by leading Dubai and UAE entities, as they expand their activities for the benefit of the national economy and promoting prosperity. As the region’s international financial exchange, Nasdaq Dubai is committed to strengthening its leadership role as a centre for debt issuance by public and private sector issuers globally as well as in the MENA area.”

The value of new debt listings on Nasdaq Dubai so far this year has risen to US$17.15 billion, up 9 percent from US$15.85 billion in the same period of 2019.

Dubai is the largest venue in the Middle East for USD denominated debt listings, with a total value of US$87.4 billion. By value 52 percent are from UAE issuers and 48 percent from overseas issuers.

Hamed Ali, Chief Executive of Nasdaq Dubai, said, “Nasdaq Dubai is delighted to collaborate with CBD to support the important banking services that it provides for companies and individuals and facilitate its links with investors around the world. The listing of the bond on Nasdaq Dubai as the region’s international exchange demonstrates the sophistication and depth of Dubai’s capital markets infrastructure and its capacity to meet the fast-moving requirements of market participants.”

CBD’s US$600 million bond listed on Nasdaq Dubai on 21st October, 2020.

Source: Emirates News Agency

OPEC daily basket price stands at $38.44 a barrel Tuesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$38.44 a barrel on Tuesday, compared with US$35.89 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Source: Emirates News Agency

UAE announces 1,161 new COVID-19 cases, 1,493 recoveries, 2 deaths in last 24 hours

ABU DHABI, The Ministry of Health and Prevention, MoHAP, announced that it conducted 116,083 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment.

In a statement, the Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment.

As part of its intensified testing campaign, MoHAP announced 1,161 new coronavirus cases, bringing the total number of recorded cases in the UAE to 137,310.

According to the Ministry, the infected individuals are from various nationalities, are in a stable condition, and are receiving the necessary care.

MoHAP also announced two deaths due to COVID-19 complications, bringing the total number of deaths in the country to 505.

The Ministry expressed its sincere condolences to the family of the deceased and wished COVID-19 patients a speedy and full recovery, calling on all members of the society to cooperate with health authorities, adhere to the instructions and physical distance to ensure the health and safety of all.

MoHAP also noted an additional 1,493 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 134,983.

Source: Emirates News Agency