Day: October 18, 2022

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Barclays PLC Investors to Secure Counsel Before Important Deadline in Securities Class Action – BCS

NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Barclays PLC (NYSE: BCS) between February 18, 2021 and March 25, 2022, both dates inclusive (the “Class Period”), of the important November 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Barclays securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Barclays class action, go to https://rosenlegal.com/submit-form/?case_id=8877 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements or omitted material information: (1) in Barclays reported financial statements (which have been restated); (2) by stating that Barclays internal controls over financial reporting were effective (which Barclays has admitted were not effective and had a material weakness); and (3) by failing to disclose the over-issuance, and that Barclays Bank PLC (“BBPLC”), a wholly owned subsidiary of Barclays, was violating U.S. securities laws and/or SEC regulations, subjecting Barclays to legal liability. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Barclays class action, go to https://rosenlegal.com/submit-form/?case_id=8877 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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Pakistan Backs Saudi Arabia Over OPEC+ Oil Production Cut

Pakistan put its weight behind the Kingdom of Saudi Arabia on Tuesday in the wake of “statements made against the Kingdom” in the context of the recent OPEC + decision.

 

OPEC+ had recently agreed on oil production cuts, causing a clash with the United States. Saudi Arabia, the de-facto leader of OPEC, said the output cut of 2 million barrels per day (bpd) was necessary to respond to rising interest rates in the West and a weaker global economy.

 

The production cut has come under criticism from the US, with the Biden administration saying that it will “re-evaluate” ties with Saudi Arabia. The Biden administration is also considering trying to discourage US companies from expanding business ties with Saudi Arabia.

 

“In the wake of statements made against the Kingdom in the context of the OPEC + decision, Pakistan expresses solidarity with the leadership of the Kingdom of Saudi Arabia,” said a statement from the Ministry of Foreign Affairs.

 

We appreciate the concerns of the Kingdom of Saudi Arabia for avoiding market volatility and ensuring global economic stability, the statement added.

 

“Pakistan encourages a constructive approach on such issues based on engagement and mutual respect,” the statement said further.

 

Source: Pro Pakistan

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Russian military plane crashes in city of Yeysk, killing 6

In Russia, at least six people were killed while twenty five others injured in an air crash in the southern port city of Yeysk.

 

In a statement, Russian Defence Ministry said a military plane was on training mission when it crashed into a residential building near the border with Ukraine due to engine failure.

 

Meanwhile, Russia has launched a criminal investigation into the incident.

 

Source: Radio Pakistan

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SIT Rolos opens its Machine Intelligence Platform to academia and business to accelerate the research

SCHAFFHAUSEN, Switzerland, Oct. 18, 2022 (GLOBE NEWSWIRE) — SIT Rolos announced today that it would bring research to a new level by opening its Machine Intelligence (MI) Platform to all scientific groups. Any researcher from academia or business can now configure, run and collaborate with others on their computational research project through Rolos Platform. Thanks to a user-friendly interface, no specific IT knowledge is required to use the Platform.

Rolos Platform addresses two major problems in research: infrastructure setup and teamwork. First, it provides premade infrastructure ready for research tasks with all the necessary resources out of the box – Graphics Processor Unit (GPU), Central Processing Unit (CPU), and storage. Researchers, therefore, no longer need to spend time on infrastructure setup and resource allocation. On the other hand, the Platform also ensures collaboration on a project – code and data versioning control, group editing, and consistent changes for all project participants.

Rolos allows its users to build their computational setups using the available cloud, on-premise servers, and High-Performance Computing (HPC) clusters and save costs on running simulation experiments. SIT Rolos can also provide its own resources from the cloud infrastructure in SIT data centers.

Rolos Platform is available through two types of deployments:

  • as a SaaS solution (Software as a Service) in Rolos Cloud, that can be accessed at http://my.rolos.com; or
  • as an on-premises installation on the customer’s hardware cluster that provides the full stack of software to create a computational research lab.

In the words of Konstantin Novoselov, Nobel Prize Winner, Professor of Physics at the National University of Singapore, Rolos Platform is used “to unify data from different scientists, unleash the power of Big Data, and achieve exponential progress in research projects.”

Rolos Platform features include:

  • Computing and storage resources automatic provisioning
  • Research environment management
  • A workflow manager
  • An Interactive Papers publishing module

Join the introduction to Rolos Machine Intelligence Platform for Computation and Data Management on October 18 at 10 am CEST: https://web.sit.org/simplify-and-accelerate-research-lifecycle-rolos-webinar-oct-2022

During the webinar, you will see an overview of the Platform’s essential features and deep dive into the main current research scenarios.

About SIT Rolos

SIT Rolos is part of the Schaffhausen Institute of Technology (SIT) group. SIT Rolos provides a Machine Intelligence Platform with consulting and applications for academia and business. The company has strong expertise in Machine Intelligence and Data Science in various application areas, including Scientific Research, Business Analytics, Professional Sports, Driverless Mobility, Robotics, and others.

SIT Rolos is a global company headquartered in Switzerland with a presence in the United States, United Kingdom, Netherlands, Germany, Singapore, Spain, Bulgaria, Serbia, and Turkey.

Get in touch today and see how we can help you reach your business goals: https://rolos.com/about/

Natalia Tashkeeva
SIT VP of communications & events
+65 9643 9080 | nt@sit.org

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Mosa Meat Scaling Beef Cultivation to Industrial Production Levels

Recent expansion to 77,000 sq ft. makes Mosa Meat the largest cultivated meat campus in the world.

Maastricht, The Netherlands, Oct. 18, 2022 (GLOBE NEWSWIRE) — Mosa Meat, a leader in the cultivated meat space that grows beef directly from animal cells, and unveiled the first cultivated hamburger in 2013, has announced the next step in the scale up of the company’s cultivated beef production facilities.

A new industrial production development center is being developed close to Mosa Meat’s existing pilot facility in Maastricht. After demonstrating the beef cultivation process at pilot scale, Mosa Meat is now ready for the next phase of expansion, housing industrial-size production lines and enabling larger production quantities of beef.

“We’ve expanded our space by 30,000 square feet in our next phase, which brings Mosa Meat’s total footprint to over 77,000 square feet,” shared Maarten Bosch, Mosa Meat’s CEO. “This makes us the largest cultivated meat campus in the world, and provides a solid foundation for our European and global commercialisation plans.”

Global meat consumption is projected to grow more than 40% by 2030, and Mosa Meat is part of a growing global movement to transform the way meat is produced. Beef specifically, is the protein with the highest carbon footprint, which is why Mosa Meat has focused on it since the company was founded in 2016.

Mosa Meat has grown to over 160 employees, with over 80 scientists and the largest number of PhDs in the industry in just a few years’ time. The production team has grown five-fold in the last three months to 15 members. Simultaneously the company has also expanded its footprint at existing locations, including operations at Brightlands and the current pilot facility in Maastricht, where R&D capacity continues to grow. Together, this brings Mosa Meat one step closer towards commercialisation.

Mosa Meat plans to announce the launch of its industrial production development center in 2023.

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About Mosa Meat

Mosa Meat is a global food technology company pioneering a cleaner, kinder way of making real beef. Our founders introduced the world’s first cultivated beef hamburger in 2013, by growing it directly from cow cells. Founded in 2016, Mosa Meat is now scaling up production of the same beef that people love, but in a way that is better for people, animals, and the planet. A diverse and growing team of food-loving problem-solvers, we are united in our mission to fundamentally reshape the global food system. Headquartered in Maastricht, The Netherlands, Mosa Meat is a privately held company backed by Blue Horizon, M Ventures, Bell Food Group, Nutreco, Mitsubishi Corporation, Leonardo DiCaprio and other high-caliber investors.

Follow Mosa Meat on Facebook, LinkedIn, Twitter and Instagram or visit mosameat.com to learn more about why people #cravechange. Access the Mosa Meat press kit here.

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Tim van de Rijdt
Mosa Meat
press@mosameat.com

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Emerson’s First Power-Over-Ethernet Transmitter Supports Customers’ Upgrades and Retrofits

With small form factor and advanced software, the Micro Motion 1600 Coriolis Transmitter is a cost-effective, scalable PoE solution to help improve process efficiency

SINGAPORE, Oct. 18, 2022 /PRNewswire/ –Today Emerson introduced its first power-over-Ethernet (PoE) Coriolis flow measurement device for the food and beverage, life sciences and chemical industries. The Micro Motion 1600 Coriolis Transmitter is designed to be a scalable solution for facilities wanting to make a gradual transition to remote flow data collection, monitoring and configuration.

Micro Motion(TM) ELITE Coriolis Meter Consisting of CMFS050M Sensor and 1600 Transmitter

With traditional Ethernet, optional PoE and an additional licensable configurable output, the 1600 delivers a powerful solution for customers looking for a flow measurement device that will grow with their process and is easily integrated into a control system.

PoE can deliver power and data over a single Ethernet cable, which means no new cabling will need to be installed, saving customers up to 50% in installation and maintenance costs. The Micro Motion 1600 transmitter can use just PoE or have a separate direct current (DC) power input, depending on wiring availability. The smallest PoE Coriolis transmitter on the market, the 1600 is available in aluminum or hygienic stainless steel. The compact size and lightweight design are an added space-saving benefit for skid designers.

The transmitter is equipped with a multilanguage four-line local operator interface (LOI), a suite of advanced software solutions including Smart Meter Verification, Data Historian, Concentration Measurement and Advanced Phase Measurement, as well as an additional licensable channel that can be configured for analog, frequency or discrete output and a USB-C service port. The reliable, high-quality data it collects allows for greater process efficiency, which minimizes product and process waste, reduces emissions by giving visibility to entrained gas events, and results in a more efficient consumption of power.

“The Micro Motion 1600 transmitter offers customers a purpose-fit device in both form factor and capabilities for the demands of the food & beverage and life sciences industries as they strive to achieve more efficient, reliable and sustainable operations,” said Melissa Steigler, food and beverage industry director at Emerson.

Additional resources :

About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and software company providing innovative solutions for customers in industrial, commercial and residential markets. A leader in industrial automation, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals through its Automation Solutions and AspenTech businesses. Emerson’s Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.