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REC Silicon - Fourth quarter 2020 results Oslo Stock Exchange:REC

(MENAFN - GlobeNewsWire - Nasdaq) Oslo, Norway â February 19, 2021: REC Silicon ASA (REC Silicon) reported fourth quarter 2020 revenues of USD 36.0 million versus USD 30.3 million in the third quarter of 2020 and EBITDA of USD 1.9 million versus USD 17.9 million in the prior quarter. Third quarter EBITDA included a noncash adjustment of USD 16.0 million due to settlement of the property tax dispute announced on October 14, 2020.
REC Silicon reported a cash balance of USD 134.9 million on December 31, 2020 which is USD 99.0 million higher than September 30, 2020 due primarily to the private placement of equity for NOK 1 billion completed on October 14, 2020.
The Company reported EBITDA contributed by the semiconductor materials segment of USD 11.7 million for the fourth quarter compared to USD 7.3 million for the third quarter. This increase in EBITDA was driven by higher silicon gas sales volumes of 881 MT for the fourth quarter compared to 746 MT for the prior quart ....

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Killer quake: Sir John Key reflects on NZ's "darkest day"

Killer quake: Sir John Key reflects on NZ s darkest day
13 minutes to read
Sir John Key was Prime Minister when his hometown, Christchurch, was devastated in the February 22, 2011 earthquake. He was dropped into the still shaking, cracked chaos of New Zealand s darkest day . Ten years on,
he reflects on those horrific first 24 hours, and how a rebuilt Garden City could become our own Silicon Valley. Kurt Bayer reports.
The meeting, high on the ninth floor of the Beehive paused to ride out the shaking. Everyone stopped talking, looking at each other. Once it stopped, discussion resumed.
But moments later, Prime Minister John Key s trusty chief of staff Wayne Eagleson stuck his head in the door. ....

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Cambridge GaN Devices: Deep tech spinout raises $9.5 million Series A

Cambridge GaN Devices
Cambridge University spinout Cambridge GaN Devices has raised a $9.5 million Series A round.
Founded in 2016, CGD is creating more efficient power systems using gallium nitride instead of silicon.
The funding was led by Parkwalk Advisors, IQ Capital, and BGF.
Cambridge University spinout Cambridge GaN Devices has raised a $9.5 million Series A round.
CGD, founded in 2016, says it is creating more efficient power systems using gallium nitride (GaN) instead of silicon transistors.
The company was formed out of the university s engineering department to design, develop and commercialize power transistors and integrated circuits using GaN, which is billed as lighter and more efficient than materials used in regular power devices. ....

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Menarini Silicon Biosystems announces launch of CellMag product line offering affordable Gold Standard Circulating Tumor Cells capture

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CELLMAG - a cost effective, manual and simple approach for the enrichment and staining of extremely rare cells from blood
BOLOGNA, Italy and HUNTINGDON VALLEY, Pa., Feb. 16, 2021 /PRNewswire/ Menarini Silicon Biosystems, a pioneer of liquid biopsy and single cell technologies, announced today the launch of its innovative CellMag product line for the manual enrichment and staining of rare circulating tumor cells (CTCs). This new product line, composed of the CellMag CTC Epithelial Cell kit, a magnetic tool and consumables, will allow all liquid biopsy and CTCs Laboratories to have access to a manual system using the same ferrofluid technology offered by the Gold Standard CELLSEARCH system. ....

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Global UV LED market Size to Reach $1.71 billion by 2027 | 21.7% CAGR

(MENAFN - GetNews) UV LED MARKET BY TYPE (UV-A, UV-B, AND UV-C), MATERIAL (SILICON CARBIDE, GALLIUM NITRIDE, SAPPHIRE, AND OTHER), AND APPLICATION (CURING, PURIFICATION, INDOOR GARDENING, COUNTERFEIT DETECTION, AND OTHERS), AND INDUSTRY VERTICAL (HEALTHCARE & MEDICAL, AGRICULTURE, INDUSTRIAL, RESIDENTIAL, AND COMMERCIAL): GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST, 2020-2027
The global UV LED market size is expected to grow at a CAGR of 21.7% and cross $1.71 billion by 2027 from $0.35 billion in 2019. The significant growth in the market is observed owing to increasing adoption of eco-friendly curing technologies across the globe. Additionally, governments of several countries are also seen promoting use of UV LED s instead of traditional CFL technology to support the power saving initiative. ....

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