Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Mammoth Energy Announces Growth of Engineering Services Company
Mammoth Energy Services, Inc.February 17, 2021 GMT
OKLAHOMA CITY, Feb. 17, 2021 (GLOBE NEWSWIRE) Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ:TUSK) today announced that its wholly owned subsidiary, Aquawolf, LLC (“Aquawolf”), has been awarded a contract by a major utility to provide engineering and design services. The three-year contract is expected to generate up to approximately $40 million in revenue over the contract term.
Engineering Services
Aquawolf has grown significantly since operations began in September 2019 and now has offices in Denver, Colorado, San Diego, California and Vancouver, Washington. Aquawolf provides the following engineering services:
Storage-as-a-Service Specialist Zadara Acquires Compute Developer NeoKarm
‘Most of our customers are MSPs who use our storage internally to offer to clients who pay for usage. It’s software-defined storage. No Capex. They like not needing Capex and like our flexibility. And they ask us why we don’t also provide Compute as a Service,” says Zadara CEO Nelson Nahum. By Joseph F. Kovar February 17, 2021, 09:19 AM EST
Zadara Storage, a developer of software-defined storage technology used to provide Storage as a Service, has added a compute element with the acquisition this week of NeoKarm.
NeoKarm’s technology, which was acquired from Stratoscale after that company closed its doors in late 2019, provides an Amazon Web Services-compatible cloud system that, when combined with Zadara’s hardware and software, gives MSPs an on-demand private cloud fully managed by Zadara, said Nelson Nahum, co-founder and CEO of Irvine, Calif.-based Zadara
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Comstock Secures Majority Interest in Lithium-Ion Battery Recycling Company; Facility Plans .
Comstock Mining Inc.February 17, 2021 GMT
VIRGINIA CITY, Nev., Feb. 17, 2021 (GLOBE NEWSWIRE) Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced transactions securing the rights to a majority equity stake in LINICO Corporation (“LiNiCo”), a lithium-ion battery (“LIB”) recycling company who recently acquired a state-of-the-art battery metal recycling facility from Aqua Metals, Inc. (“Aqua Metals”) located in the Tahoe Reno Industrial (“TRI”) Center in Storey County, Nevada. The Company will pay $4,500,000 in cash and 3,000,000 shares of its restricted common stock, representing up to $10,750,000 in consideration for up to a 64% ownership stake in LiNiCo. Aqua Metals is investing $2,000,000 for a 10% stake in LiNiCo.
Applied Insight s latest acquisition adds intell firm
Most private equity-backed firms are looked at as a merger and acquisition machine that closes one deal and simultaneously looks for the next one.
Early in its existence, Applied Insight fit that bill. It closed five deals in less than two years after it was created in 2018 through a spinoff from Intelligent Decisions.
But after August 2019, the company didn’t make another deal until this week when it acquired Bridges Inc. Terms were not disclosed.
The deal adds a variety of capabilities that compliment AI’s cloud and data analytics offerings, including Bridges cross-domain solutions in the intelligence market. Cross-domain solutions move data from unclassified networks to the classified side in a secure manner.