Industry News

Inventergy Global Inc, an intellectual property licensing company, announced on Thursday the successful amendment to its debt agreement with Fortress Investment Group. As a part of this amendment, Inventergy was provided with a moratorium on monthly debt amortisation payments until 30 September 2016.. Also, Inventergy will not be required to maintain a minimum cash balance of USD1.0m until 30 September 2016 and was allowed to retain the majority of the cash from a recently..."/>
Inventergy announces debt agreement amendment
ReneSola Ltd, a leading solar PV project developer and provider of energy-efficient products, today announced that it sold a 1.23 MW solar power project located in Ibaraki, Japan. The project qualifies for Japan's 32 Yen feed-in tariff. Revenue from the sale will be recognized in the third quarter and all proceeds have been collected."/>
ReneSola Announces Sale of Solar Project in Japan
Apple's devices have a well-deserved reputation for security. But if it wasn't clear before, it should be now: They're not invulnerable. And, in fact, they've become a prime target for hackers."/>
Apple devices now a juicy target for hackers [Mercury News]
Neonode Inc., the Optical Interactive Sensing Technology Company, has reached a major milestone in its go to market strategy for its revolutionary AirBar device. AirBar pre-order customers are being notified by email that they can convert their pre-orders for the 15.6 inch AirBar to firm orders.. Over 20,000 AirBar preorders have been placed through our official AirBar website, from customers in 40 different countries throughout the world,..."/>
Neonode is Ready for Business With AirBarĀ®
ON Semiconductor revealed on Friday that the US Federal Trade Commission accepted a proposed consent order for public comment and has terminated the Hart-Scott-Rodino waiting period applicable to the company's proposed acquisition of Fairchild Semiconductor International Inc. Pursuant to the order and to satisfy the FTC's remaining concerns before the acquisition of Fairchild, the company is required to sell its planar insulated gate bipolar transistor business..."/>
ON Semiconductor receives regulatory approval to acquire Fairchild Semiconductor
ON Semiconductor Corporation announced today that the U.S. Federal Trade Commission has accepted a proposed consent order for public comment and has terminated the Hart-Scott-Rodino waiting period applicable to ON Semiconductor's proposed acquisition of Fairchild Semiconductor International, Inc.. Under the proposed consent order and in order to satisfy the FTC's remaining concerns, prior to the closing of the acquisition of Fairchild, the FTC..."/>
ON Semiconductor Announces Receipt of Regulatory Approval for Acquisition of Fairchild Semiconductor
Facebook. The saga began when co-owner Marlene Goetzeler posted a photo of the cake Aug. 13 with the caption, "Ken's looking good." The buttermilk-flavored cake, which features the doll with a white tiara and pink dress, was custom ordered by a customer, according to Goetzeler."/>
Freeport Bakery stirs Facebook uproar with Ken doll cake [The Sacramento Bee]
Littelfuse Inc disclosed on Friday that it has signed a definitive agreements with ON Semiconductor Corporation, to acquire its product portfolio of transient voltage suppression diodes, switching thyristors and insulated gate bipolar transistors, for a combined purchase price of USD104m. Also, the company said that the transactions will close in late August 2016 and this portfolio has annual sales of about USD55m. Additionally, the company plans to invest about USD30m in..."/>
Littelfuse signs acquisition agreement for certain product portfolio from ON Semiconductor for USD104m
Wi2Wi Corporation announces results for the quarter ending June 30, 2016.. The decrease in revenues for the three month period ending June 30, 2016 as compared to the same period in 2015 was due to:. -The Shipment of a number of 2014 back-orders during the first and second quarters of 2015.."/>
Wi2Wi Corporation Announces Results for the Quarter Ending June 30, 2016
Net 1 UEPS Technologies, Inc. today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited in India. MobiKwik is India's largest independent mobile payments network, with over 32 million users and 100,000 retailers. MobiKwik's current shareholders include Sequoia Capital, Tree Line Asia, American Express, Cisco Investments, GMO Payment Gateway and MediaTek, as well as Bipin Preet Singh and Upasana..."/>
Net1 Invests in MobiKwik, a Leading Digital Payment Platform in India
AAC Technologies Holdings Inc. has today announced its unaudited interim results for the six months ended 30 June 2016. AAC Technologies finished the first half of the current fiscal year with solid results and has been selected as a constituent stock in the Hang Seng Index, effective on 5 September 2016, which positions the Company among the "blue chip" companies and reaffirms market recognition of its significant position in the technology sector..."/>
AAC Technologies Announces 2016 Interim Results
NuTonomy first to open service to public [Boston Herald]
Akamai Technologies Inc. with its "State of the Internet" reports. Enterprises, on the other hand, know Akamai for more than just that--as a content delivery network services company that helps them access a speedier and smarter Internet, and one that is reliable and secure. Much of what Akamai does is accomplished with the help of sophisticated algorithms, Tom Leighton, its chief executive officer, said in an interview in Mumbai."/>
Whatever we do is around mobile now: Akamai CEO Tom Leighton [Mint, New Delhi]
Target Corp. said it will end its business relationship with Welspun India Ltd, stating it had received bedsheets where Egyptian cotton was substituted with a cheaper variant. When stock market trading resumed on Monday, it was clear Welspun India wasn't worth the Rs.10, 370 crore valuation it enjoyed until the prior week. But how much was it now worth?"/>
How long does it take to discover Welspun India's new worth? [Mint, New Delhi]
Accenture analysis of data from CB Insights. Total investment in Asia-Pacific's financial technology sector reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015.. "China's established companies, rather than nascent start-ups, are at the forefront of the..."/>
Asia-Pacific beats North America in fintech investment: report [Mint, New Delhi]
Axis Bank Ltd, Union Bank of India, Federal Bank Ltd and Bank of Maharashtra on Thursday went live with National Payments Corporation of India's UPI apps on the Google Play Store. The UPI system will allow customers to safely and..."/>
UPI goes live, banks introduce payment apps on Google Play Store [Mint, New Delhi]
Double-winged flying car on the way? [East Bay Times]

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