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Category Archives: Life Extension
Astroscale’s Largest Funding Round to Date Closes, Bringing Total Capital Raised To US $300 Million SatNews – SatNews Publishers
Posted: December 1, 2021 at 8:35 am
AstroscaleHoldings Inc. (Astroscale), provider ofsatellite servicing andlong-term orbital sustainabilityacross all orbits, announcedit closed its Series F round with additional funding of U.S.$109million from a group ofnewinvestors.Led byinvestors from THE FUND Limited Partnership in Japan,with participation frominternational investorsincludingSeraphim Space Investment Trustplc (SeraphimSpace)in the United KingdomandDNCA Invest Beyond Global Leaders,a sub-fund of the umbrella structured fundDNCA Investincorporated under the laws of the Grand Duchy of Luxembourg,managed by DNCA Finance,a Limited Partnershipin France. Thisis thelargestfunding roundin the companys historyandbrings the totalamountraised to U.S.$300 million,affirming investors confidence in therapidly expandingon-orbit servicingmarket.
SinceAstroscalesinception in2013,we have dedicated ourselves tosolvingthe technological, economic and policy aspectsofsatellite servicingto buildasustainableinfrastructurefor a thriving space ecosystem, said Nobu Okada, Founder & CEO ofAstroscale. This latest round of funding willdramaticallyaccelerateour abilityto makeon-orbit servicingroutine by 2030.It alsoshowsthatinvestorsaround the world,acknowledge the tremendouspotential in theemergingon-orbit servicing market, whichwill revolutionize thefuture of space.
The Series F funding round represents another significant milestone forAstroscale,and willrapidlyadvance therange ofmissions and servicesthat thecompanyis developingglobally.The End-of-Life Services byAstroscale-demonstration (ELSA-d)missionsuccessfully completed its first technical demonstrationinorbitin August,andAstroscaleispreparing for the capture without tumblingphase,which is expected to becompletedby the end of the calendar year.In Japan, the Active Debris Removal byAstroscale-Japan (ADRAS-J) spacecraft, which was selected by the Japan Aerospace Exploration Agency for Phase I of its Commercial Removal of Debris Demonstration Project, will enter the assembly phase in early 2022. In the UnitedKingdom, the team was recentlyawarded a bid to study the removal of two defunct satellitesfrom the UK Space Agency and is maturing the End-of-Life technology and capability towards a commercial service offering by 2024. TheAstroscaleU.S. and Israel teams are meeting milestones fortheLife Extension In-Orbit(LEXI) spacecraftandhave successfullyexecuted key tests.
The market opportunity for on-orbit servicing continues to develop andmultiple sources projectsignificant growth by the end of the decade.This includes not only end-of-life,activedebris removal,in situspace situational awarenessand life extensionservices, but many other capabilities thatwill actively contribute to the sustainable use of spaceandmaximize the use of expensivesatelliteassets in a sustainable manner.This expansion of serviceswill include in-orbit manufacturing,as well assatelliteassembly,refuelling, recycling and morein the near future.
Multiple new investors highlight the importance of taking steps to develop servicing technologies andaddress issues of sustainability.The investment fromSeraphimSpace,the worlds first listed fund focused on space technologies and a globally recognized leader in identifying promising space companies, isa strong signal thatAstroscaleis leading the development of the servicing market.The investment fromTHE FUND, one of the leading independent cross-over growthcapitalorganizationsin Japan, represents a long-term commitment from local financial marketsfor sustainable space utilization.Additionally, investmentfrom AXA Life Insurance Co.,Ltd. underpinsthefuturepotentialofthespacesector,including satellite services.
The long-term sustainable health of the space sector is becoming ever more important with tens of thousands of satellite launches planned in the coming years, saidMarkBoggett, CEO of SeraphimSpace.Astroscaleis already the category leader, the trailblazer in the globalon-orbit servicing market. Its founder and CEO Nobu Okada is credited worldwide as a key figure in galvanizing the space industry into action. The ball is now firmly rolling on regulation and self-regulation to protect the space environment. We believe that now is the optimum time to invest into this emerging market that will be worth billions over the coming decades.
This funding round will allowAstroscaletopioneersafe and cost-effective space capabilities across the servicing ecosystem, expand regional facilities for mass production in Japan, the United Kingdom, and the United States, and support global growth.Since its last funding round in October 2020,Astroscalehasincreased its global team by more than60 percent and now boasts approximately 250teammembers around the globe.
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‘He changed my son’s life’: How the Ravens Mark Andrews inspires others with diabetes – Baltimore Ravens Blog- ESPN – ESPN
Posted: at 8:35 am
BALTIMORE -- Ravens tight end Mark Andrews had finished his pregame warm-ups and was walking off the field in Chicago on Nov. 21 when he saw a sign that immediately caught his attention.
In purple lettering, it read: T1D.
Few in Soldier Field knew what it meant, but Andrews did -- its shorthand for Type 1 diabetes.
Andrews veered over to 10-year-old Rhys Kinney, who made the placard for the Pro Bowl tight end. After giving Kinney a fist bump, Andrews told him: Anything you want to do is possible."
A Type 1 diabetic since childhood, Andrews has made it his mission to motivate those diagnosed with this chronic condition at a young age. His message: Dont let this disease define you.
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Andrews goal has never been to become the best tight end with diabetes. He wants to become the best tight end in football, and his 22 receiving touchdowns since 2019 -- the most by any tight end -- are a testament to his determination. Still, Andrews knows his success can make a difference off the field.
Type 1 diabetes is a 24/7 fight, and for a young kid to see someone performing at the highest level, I think thats encouraging, Andrews said. Thats a big moment.
Kinney, who lives approximately 30 miles outside of Chicago, was diagnosed with diabetes at the age of 5. He was in the hospital and scared, according to his father, Brett. His one question was whether he would ever play baseball again.
"Its not something that I can relate to him about, Brett said. "I can say that I can understand him getting frustrated, but I cant say that I can understand from experience.
I just like to get him around people like Mark so that he can laugh and make a joke about it, and theyre like, 'Yeah, I know exactly what youre talking about. That sucks. Why I really appreciate Mark is he made Rhys feel special, and not different. He has plenty of days where he feels different.
Rhys and Brett reached out to the Ravens a few weeks before they traveled to the road game against the Bears, and they soon received a letter. Andrews wrote to Rhys and explained diabetes made him the person he is today, and that he should view the disease as a benefit, not a hindrance. Andrews said he was forced to grow up very quickly because of his condition. At an early age, he learned how to count the carbs he would consume and calculate the correct insulin dosage he would inject into his body. Andrews said it pushed him to respect his body and his health.
Rhys was determined to meet Andrews in Chicago, and the Ravens told the Kinneys the best way to make it happen was to make a sign. So Rhys went to work. The sign had T1D on one side and Mark 89 Andrews on the other. To make sure Rhys, wearing his Andrews jersey, was perfectly positioned, his father got tickets by the tunnel where Ravens players entered and left the field.
The preparation paid off. After talking with Andrews before the game, Rhys made sure to wave goodbye after Baltimores 16-13 victory, and Andrews provided a souvenir by handing over his gloves. Rhys has rarely taken them off since, whether hes simulating one-handed grabs in the living room or even eating dinner.
"The amount of kindness that Mark showed my family, and the effect that he had on my son cannot be overemphasized, Brett said. "He really changed my sons life. Hell remember this forever.
The American Diabetes Association estimates 1.6 million people have Type 1 diabetes, an autoimmune disease that prevents your pancreas from producing insulin. Andrews has become one of the leading advocates for the diabetes community. Last year, he wrote a column for USA Today about how he didnt let the disease stop him from achieving his dreams. Over the years, Andrews has mentored boys and girls on eating right and staying active. Hes also counseled some who have become depressed after being diagnosed with diabetes.
"To be able to have that kind of impact, that means a lot to Mark. But, more importantly, he wants it to mean something to kids, said Martha Andrews, Marks mother. Whether you want to be a ballerina, a football player or baseball player, or you just want to be a fireman, you cant let this stop you. You've got to find a way to make it work. And Mark, he found a way. Hes lucky. But he just never took no for an answer.
Andrews life changed after a near-death experience.
Andrews experienced his first hypoglycemic incident, which caused him to lose consciousness, as a freshman at Oklahoma. His glucose levels dropped extremely low while he was napping after football practice. When Andrews roommate found him unresponsive, he shoved fruit snacks in Andrews mouth and called 911.
That kind of woke myself up and my family, Andrews said.
Andrews doctor told him about a continuous glucose monitor, which Andrews now wears every day. No more daily finger pricks. No more uncertainty about his blood sugar level.
His Dexcom G6 monitor uses a tiny sensor to send glucose levels to his phone, alerts him when his levels are too low or high and discreetly attaches to his hip. He wears it under his uniform.
Honestly, I dont even notice it, even when I get hit there, Andrews said. I forget its on me sometimes.
The glucose monitor provides real-time updates on his blood sugar level through an app, and the information is shared with family members, his agent and the Ravens' trainers. Andrews mother acknowledges she will check two or three times per day -- being a little bit nosey.
She intervenes only when she receives an alert, which indicates Andrews blood sugar level is below 60. If she sees double arrows down -- which means his levels are dropping fast -- Martha will send a one-word text to her 6-foot-5, 256-pound son: Sugar. This typically happens once a week.
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"Its very important to my sound mind, Martha said. "You can say, out of sight, out of mind, but you cant do that with diabetes. Its a worry 24 hours a day. But now I dont have to. I know my phone will buzz if I have to get involved.
Blood sugar levels can drop when someone exerts a lot of energy, so its important to keep an eye on Andrews when he suits up. During practices, Andrews gives his phone to a trainer, who follows him all around the field. After Andrews runs a couple of plays, hell come off the field and the trainer will give him his exact readings. In games, Andrews keeps a diabetes bag on the sideline thats filled with snacks and other supplies to help him maintain his blood sugar levels.
Ravens backup tight end Nick Boyle has become more educated about diabetes because Andrews is one of his best friends on the team. He knows what the numbers mean and often looks at them when Andrews checks the readings on his phone.
"A lot of people dont even notice it because he does such a good job of managing and going out there and doing his job, Boyle said.
During the hot and humid training camp practices, Andrews never asks for a day off and battles linebackers and defensive backs like its a playoff game. He fights for contested passes over the middle and leaps for throws in the end zone.
But the sweat and grass stains still don't cover up the chip thats been on Andrews shoulder since he slipped to the third round of the 2018 draft.
"I know just going through the combine process and all that, Im sure theres teams and people that saw me and said, 'Oh, hes a Type 1 diabetic. Thats negative, Andrews said. "I dont think that, I know that.
It didnt take the Ravens long to know they had landed a special talent. Two days into Andrews' first offseason camp, then-tight ends coach Greg Roman told everyone in a meeting Andrews has a great feel for the game and natural instincts. Andrews knew how to set up defenders and get open consistently.
By the start of the regular season, Andrews had moved past first-round pick Hayden Hurst on the depth chart. By the end of it, he had already established himself as the favorite receiver for Lamar Jackson.
Andrews has now recorded three consecutive seasons with at least 50 receptions, 700 receiving yards and five touchdowns catches. Only the Kansas City Chiefs' Travis Kelce owns a longer such streak by a tight end with five season.
We have high expectations for Mark, said Roman, who is now the Ravens' offensive coordinator. "He does for himself, and thats where it all starts.
A week before this years opener, Baltimore rewarded Andrews with a four-year, $56 million extension. At $14 million per season, Andrews is the third-highest-paid tight end in the league, trailing the San Francisco 49ers' George Kittle ($15 million per season) and Kelce ($14.3 million).
The Ravens couldnt let Jacksons most trusted target reach free agency. Whenever Jackson needs to make a play downfield, it seems like hes looking to Andrews. Andrews' acrobatic catch in the end zone was the difference in the Ravens 16-10 victory over the Cleveland Browns on Sunday night. Andrews has now caught 187 passes from Jackson, 29 more than any other Ravens player.
He makes my job way easier, Jackson said. If a defensive back is guarding him, a safety, linebacker, it doesnt really matter hes going to get open and hes going to catch a touchdown nine times out of 10.
For Andrews, hes not just playing for the Ravens. Hes playing to inspire others.
"Theres a lot of people breaking that mold and showing people that we can do anything and we can be just like anybody else. We just have to do more than the average person, Andrews said. Thats one of the things that drives me is going out there and showing people that hey, Im a Type 1 diabetic, but Im going to go out and compete with the rest of them."
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As cool weather stunts grass, brush growth, hemlock is easier to find and kill – Bucyrus Telegraph Forum
Posted: at 8:35 am
It hasbeen nearlysix months since poison hemlock found prominence in the national news, its toxic juices ready then to wreak havoc on anything that touchedit.
The plant is still hazardous to mammals, but it's a lot smaller this time of year, according to Jason Hartschuh, Ohio State UniversityExtension agent for Crawford County.
That's why early winteris the best time to search for patches of tiny poison hemlock in fields and along the edge of trees, streams, lakes and roads.
"The nice thing about now is the grasses have gone dormant and are matted down so you can see them," Hartschuh said.
Poison hemlock is abiennial, meaning it takes two years to complete its biological lifecycle. The plant is hard to identify during its first year.All parts of the plant are toxic to humans and animals.
The giant plants that grew as tall as 10 feetover the summer were 2 years old, and have all died, permanently.
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The infant plants that just made it through their first year of life are in what's known as a rosette stage, and that's the plant that homeowners and land managers should seek out and eliminate before spring.
"The rosettes we see this year will become the bigger plants we see next year," Hartschuh said. "In year two it bolts and grows into a 5- or 6-foot-tall plant."
The rosettes will be about 8 inches tall this time of year.The plant is in the carrot family, as is Queen Anne's Lace, and their similarities can make them hard to differentiate.
The leaves of poison hemlock are similar to ferns, with leaflets divided into narrow sections.
Since the hazardous plant is a biennial, the rosettes that soon will celebratetheir first birthday are still alive. They act like a perennial during their first winter, and more like an annual going into their second.
"They shouldn't be affected that much by frost," Hartschuh said.
Poison hemlock is not even fully dormant over winter the rosettes on warm days are still gathering energy stores and sending them deep underground into their taproot system.
"In the spring when it bolts, it pulls all the energy out of that root system and puts it up into the plant," Hartschuh said.
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That head start tothe growing season is what allows it to quickly tower above its competitors early in the spring.
"It's almost like they go from nonexistent to 5-feet-tall overnight," Hartschuh said. "It's not that fast, but it sure seems like it."
That growth spurt takes place sometime in early April. Once it begins, the poison hemlock'stoxic sap is aplenty, ready to burn the skin of any person or animal who tries to cut back the plant.
The extension agent's recommendation is to deal with the dangerous plant while it is still a rosette.
"Sometime between now and March is the ideal time to spray it," Hartschuh said. "
Nearly every type of broadleaf weed killer will eliminate poison hemlock. Since the plant is never fully dormant, that application can be done now while the plants are easy to find and access.
"You can do it on warmer days in the winterif it's about 50 and above freezing that night," Hartschuh said. "It might take a week or two to kill them off. Things move a little slower in the winter."
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Another eradication option would be to mark the plant, then return multiple times over winter and early spring to chop off the stem, either at the surface or deep under ground.
The plant's roots also could be dug upif the soil isn't frozen. Just remember, the plant is very toxic to humans.
"If you want to pull it out by hand, you should wear gloves," Hartschuh said. "If you went from pulling it with your hands to touching your eyes or eating a sandwich and your hand had some juices on it, you could probably have a reaction."
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Adagio Therapeutics Reports That None of the Mutations Present in SARS-CoV-2 Variant, Omicron, Are Associated with Escape from ADG20 Neutralization In…
Posted: at 8:35 am
Additional in vitro studies to determine neutralization activity of ADG20 against Omicron are ongoing
ADG20 EUA submissions planned for prevention and treatment of COVID-19 in mid-2022
Inventory build continues in anticipation of EUA in second half of 2022, with 4 million doses available for distribution over the next two years
WALTHAM, Mass., Nov. 29, 2021 (GLOBE NEWSWIRE) -- Adagio Therapeutics, Inc., (Nasdaq: ADGI) a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, today provided information related to the potential of its lead SARS-CoV-2 antibody, ADG20, to address the Omicron SARS-CoV-2 variant, and other known variants of concern. ADG20 is an investigational monoclonal antibody (mAb) product candidate designed to provide broad and potent neutralizing activity against SARS-CoV-2, including variants of concern, for the prevention and treatment of COVID-19 with potential duration of protection for up to one year in a single injection.
The continued global scale of the COVID-19 pandemic has led to increased levels of immune pressure on the virus, which is driving the emergence of variants containing mutations associated with escape from common classes of neutralizing antibodies induced by natural infection or vaccination. Unlike most antibodies currently available under EUA, ADG20 has been shown to target an epitope that is highly conserved among clade I sarbecoviruses and that is not readily targeted by the endogenous neutralizing antibody response, said Laura Walker, Ph.D., co-founder and chief scientific officer of Adagio. Due to the highly conserved and immunorecessive nature of the epitope recognized by ADG20, we expect that ADG20 will retain activity against Omicron, as we have observed in in vitro models with all other variants of concern identified previously. Further, none of the mutations present in the spike protein of the Omicron variant have been associated with escape from ADG20 neutralization. ADG20 was engineered for potent and broadly neutralizing activity in anticipation of both the rapid antigenic evolution of SARS-CoV-2 and the emergence of future SARS-like viruses with pandemic potential.
ADG20 was uniquely designed to combine breadth, potency and duration of protection against SARS-CoV-2 for up to one year in a single injection. We did this anticipating that SARS-CoV-2 would continue to evolve and potentially render some early therapies and vaccines obsolete, said Tillman Gerngross, Ph.D., co-founder and chief executive officer of Adagio. Our global clinical trials are advancing with potential EUA submissions in mid-2022 for both prevention and treatment of COVID-19. We continue to engage with the FDA and other regulatory bodies and governmental agencies to discuss potential acceleration of development plans and the need for a portfolio of therapeutic solutions to combat the COVID-19 pandemic.
Given the significant potential health crisis resulting from the emergence of Omicron, Adagio is undertaking a number of activities to support ADG20s utility in addressing this newly emerged variant of concern, including:
Based on the data being generated, Adagio plans to engage with health authorities and government agencies to accelerate development and supply of ADG20 to combat SARS-CoV-2 and its variants of concern.
ADG20 and Variants of ConcernThe neutralizing antibody response induced by SARS-CoV-2 infection and vaccination is dominated by three classes of receptor binding domain (RBD)-directed antibodies (Class 1, Class 2 and Class 3), which often share common escape mutations. The newly emerged Omicron (B.1.1.529) variant identified in South Africa contains mutations associated with resistance to a large proportion of these commonly elicited antibodies, which may be due to immune pressure on these antigenic sites. Data for most antibodies available under EUA or in late-stage clinical development show they target one of these three dominant antigenic regions within the RBD.
In vitro studies have shown that ADG20 binds to a highly conserved epitope within the RBD that is not targeted by any of the common classes of neutralizing antibodies induced by SARS-CoV-2 infection and vaccination. Thus, unlike many other clinical-stage antibodies, which were isolated from COVID-19 patients and recognize epitopes that are also targeted by endogenous neutralizing antibodies, there is limited immune pressure on the ADG20 binding site. The ADG20 epitope has remained conserved in 99.99% of the nearly 4 million full length SARS-CoV-2 viral sequences deposited in the GISAID database as of October 15, 2021, and, as shown in in vitro studies, ADG20 retains activity against prior variants of concern including Alpha, Beta, Delta, and Gamma. For the Omicron variant, none of the mutations present in the spike protein are associated with escape from ADG20 neutralization. Based on published epitope mapping and structural studies, Adagio anticipates that ADG20 will retain neutralizing activity against the Omicron variant whereas other mAb products may lose substantial activity against this variant.
Previously disclosed in vitro data demonstrated retained neutralizing activity of ADG20 against a diverse panel of circulating SARS-CoV-2 variants, including the recently emerged Lambda, Mu and Delta plus variants. Notably, findings from these in vitro studies showed that ADG20 demonstrated potent neutralizing activity against all SARS-CoV-2 variants of concern tested, including those with reduced susceptibility to mAb products currently available under EUA or in late-stage development.
About ADG20ADG20, an investigational monoclonal antibody targeting the spike protein of SARS-CoV-2 and related coronaviruses, is advancing through global clinical trials for the prevention and treatment of COVID-19, the disease caused by SARS-CoV-2. ADG20 was designed and engineered to possess high potency and broad neutralization activity against SARS-CoV-2 and additional clade 1 sarbecoviruses by targeting a highly conserved epitope in the receptor binding domain. ADG20 was further engineered to provide an extended half-life for durable protection. ADG20 has demonstrated potent neutralizing activity against the original SARS-CoV-2 virus, SARS-CoV-2 variants of concern Alpha, Beta, Delta, and Gamma, other SARS-CoV-2 variants to date, and additional SARS-like viruses in preclinical studies. ADG20 is administered in clinical trials by a single intramuscular injection. To date, ADG20 has been well-tolerated in a Phase 1 trial with no safety signals identified through a minimum of three months follow-up across all cohorts. ADG20 has not been approved for use in any country, and safety and efficacy have not yet been established.
About Adagio TherapeuticsAdagio (Nasdaq: ADGI) is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, including COVID-19 and influenza. The companys portfolio of antibodies has been optimized using Adimabs industry-leading antibody engineering capabilities and is designed to provide patients and clinicians with the potential for a powerful combination of potency, breadth, durable protection (via half-life extension), manufacturability and affordability. Adagios portfolio of SARS-CoV-2 antibodies includes multiple non-competing, broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. Adagio has secured manufacturing capacity for the production of ADG20 with third-party contract manufacturers to support the completion of clinical trials and initial commercial launch, ensuring the potential for broad accessibility to people around the world. For more information, please visit http://www.adagiotx.com.
Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as anticipates, believes, expects, intends, projects, and future or similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements concerning, among other things, the timing, progress and results of our preclinical studies and clinical trials of ADG20, including the timing of our planned EUA submissions, initiation, modification and completion of studies or trials and related preparatory work, the period during which the results of the trials will become available and our research and development programs; the expected neutralizing activity of ADG20 against the Omicron variant; our ability to obtain and maintain regulatory approvals for, our product candidates; our ability to identify patients, including in specific populations, with the diseases treated by our product candidates and to enroll these patients in our clinical trials; our expectations regarding the scope of any approved indication for ADG20; and the risk/benefit profile of our product candidates to patients; our manufacturing capabilities and strategy, including plans for doses available in the near future; and our ability to successfully commercialize our product candidates. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from the results described in or implied by the forward-looking statements, including, without limitation, the impacts of the COVID-19 pandemic on our business, clinical trials and financial position, unexpected safety or efficacy data observed during preclinical studies or clinical trials, clinical trial site activation or enrollment rates that are lower than expected, changes in expected or existing competition, changes in the regulatory environment, and the uncertainties and timing of the regulatory approval process. Other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are described under the heading Risk Factors in Adagios Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and in Adagios future reports to be filed with theSEC, including Adagios Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. Such risks may be amplified by the impacts of the COVID-19 pandemic. Forward-looking statements contained in this press release are made as of this date, and Adagio undertakes no duty to update such information except as required under applicable law.
Contacts: Media Contact:Dan Budwick, 1ABDan@1abmedia.com
Investor Contact:Monique Allaire, THRUST Strategic Communicationsmonique@thrustsc.com
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McDermott and SBM Offshore to Deliver Fourth FPSO in Guyana – Tyler Morning Telegraph
Posted: November 21, 2021 at 9:18 pm
HOUSTON, Nov. 18, 2021 /PRNewswire/ -- McDermott International and SBM Offshore have established a special purpose company to perform Front End Engineering and Design (FEED) for a FloatingProduction, Storage and Offloading (FPSO) vessel under contracts for the Yellowtail development project.
Through the special purpose company, McDermott and SBM Offshore will design and construct the FPSO project, which will follow the FEED and is subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil and Esso Exploration and Production Guyana Limited's (EEPGL) release of the second phase of work.
The FPSO will be the fourth to be deployed in Guyana and will be designed to produce 250,000 barrels of oil per day, will have associated gas treatment capacity of 450 million cubic feet per day and water injection capacity of 300,000 barrels per day. The FPSO will be spread moored in water depth of about 5,900 feet (1,800 meters) and will be able to store around two million barrels of crude oil.
"McDermott brings unrivaled project execution, integrated engineering and modularization and industry leadership to this important project," said Samik Mukherjee, McDermott Executive Vice President and Chief Operating Officer.
"We will leverage our worldwide engineering centers and access the modularization design and fabrication expertise of our Qingdao McDermott Wuchuan (QMW) fabrication yard in China. Thisand our shared vision with SBM Offshore for integrated solutions, optimized efficiency and delivery assurancewill enable success," said Tareq Kawash, McDermott Senior Vice President, Europe, Middle East, Africa.
McDermott and SBM Offshore will provide project management, basic design, procurement, engineering, integration and commissioning services. SBM Offshore will manage the transport and installation and then lease the FPSO and operate it for a period of up to two years.
About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructureempowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit http://www.mcdermott.com.
About SBM
The Company's main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation. As of December 31, 2020, the Company employs approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels. SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. For further information, please visit the website http://www.sbmoffshore.com.
Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected scope and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customer and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.
Contacts:
Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636
Local Media Relations
Barbara Knight
Senior Director, Area Communications and Marketing
+971 56 403 2903
View original content to download multimedia:https://www.prnewswire.com/news-releases/mcdermott-and-sbm-offshore-to-deliver-fourth-fpso-in-guyana-301428729.html
SOURCE McDermott International, Ltd
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COVID-19: Odisha CM seeks extension of free rice distribution by another eight months – The Hindu
Posted: at 9:18 pm
Odisha Chief Minister Naveen Patnaik has urged the Centre to consider extending additional allocation of rice at least for the next eight months under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for its free distribution.
In a letter addressed to Prime Minister Narendra Modi, he pointed out that vulnerable sections of population required free foodgrains as the impact of COVID-19 was yet to fully fade away.
Mr. Patnaik thanked Mr. Modi for providing seven months rice free of cost under PMGKAY for distribution to National Food Security Act (NFSA) beneficiaries in the State from May 2021 to November 2021 during the COVID-19 pandemic period.
Provision of foodgrains free of cost to people at this critical juncture ensured that not a single needy and vulnerable person was deprived of foodgrains during the pandemic, he said in the letter circulated on November 21.
Odisha has prioritised distribution of seven months quota of PMGKAY-III foodgrains to the NFSA beneficiaries and completed it by November 5, 2021. Similar facility was also extended to all the beneficiaries of the State covered under its own food security scheme, Mr. Patnaik said.
Stating that the effect of COVID-19 had not waned yet completely despite a fast-paced vaccination drive undertaken across the State as cases of new infection continued to surface, the Odisha CM said, other economic activities are yet to reach the pre-pandemic level as a result of which people still struggle to lead a normal life with sustainable means of livelihood.
Under the prevailing situations, it is felt highly necessary that the Government must provide relief to the vulnerable during these critical hours. A serious cause of concern in this ongoing pandemic scenario is the challenge of food security to the needy and vulnerable, he asserted.
Mr. Patnaik said adequate foodgrains were available at present with the Government. He requested the Prime Minister to consider extension of additional allocation of rice at least for the next eight months under PMGKAY for distribution among the beneficiaries under NFSA till the pandemic situation improved and complete normalcy was restored in the State.
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RESA Power Expands Operations into the Valley of the Sun – what’s up
Posted: at 9:18 pm
HOUSTON, Nov. 16, 2021 /PRNewswire/ --RESA Power, LLC, a market leader in power systems electrical testing, transformer services and life extension solutions for power distribution equipment, has announced the acquisition of Priority 1 Power Services, LLC.
Based in Phoenix, AZ, Priority 1 Power Services (P1PS) has been providing electrical testing services in the Phoenix Metropolitan Area and throughout Arizona since 1993. P1PS specializes in offering electrical testing services and maintenance, troubleshooting and start-up services for Automatic Transfer Switches (ATS) and Generator Parallel Switchgear.
Mark Angus, Chief Growth Officer at RESA Power, commented on the acquisition, "We have held ambitions to expand into the Greater Phoenix area and Arizona in general for a long time, and we are delighted to team up with Glade, Brandon and the rest of the Priority 1 team. This partnership gives RESA the ideal springboard from which to grow aggressively in the fast-growing Arizona market and provides us with the perfect location to better service our customers throughout the Southwest region."
Co-owners Glade Swenson, and Brandon Carrasco, view the new partnership with RESA Power as a critical step to position Priority 1 for accelerated growth. "I'm very proud of what we've achieved at Priority 1 over almost three decades and now the time is right to team up with a partner that has the resources to help take us to the next level," said Glade Swenson, Co-owner, and original Founder. Brandon Carrasco, who will assume the role of General Manager, added "We are fortunate to have earned the trust of a very loyal customer base and we are excited to be able to offer them the expanded range of resources, services and products that RESA brings."
About RESA Power, LLC
RESA Power, a portfolio company of Blue Sea Capital, is a market leader in power systems services and life extension solutions for power distribution equipment used in mission critical environments. With locations across the United States and Canada, RESA Power is uniquely capable of ensuring our customers' critical power systems are safe, reliable, and operating at peak efficiency. The technicians and engineers at RESA are experts in testing and servicing transformers, relays, breakers and other key components of power distribution and control systems. RESA also provides quick turn-around custom manufactured or retrofit switchgear & breaker solutions and maintains an extensive inventory of obsolete and hard-to-find components. For more information about how to join the RESA Power group, visit https://www.resapower.com
Media contact:
Julia Baranava
Marketing Manager
832-900-8343
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Frozen for the future: Does Minnesota have any cryonics facilities? – Minneapolis Star Tribune
Posted: November 19, 2021 at 5:17 pm
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Minnesotans are used to life in subzero temperatures, but what about death?
Reader Sharon Carlson wanted to know if Minnesota is home to any cryonics facilities, where bodies are kept frozen until theoretical future technology is able to reanimate them. She posed the question to Curious Minnesota, the Star Tribune's reader-powered reporting project.
"I'm just kind of having a hard time with the idea of dying," said the 62-year-old Andover resident. "I'm not philosophical I'm kind of pissed off about it."
There are actually only two cryonics facilities in the nation, in Arizona and Michigan. But a number of Minnesotans have made plans to be frozen, and a passionate group of cryonics enthusiasts is trying to ease the transition from life to long-term storage.
Minnesota Cryonics Rapid Response counts about two dozen members. Most if not all have signed up to spend their postmortem days in large freezers at either the Cryonics Institute (CI) in Clinton Township, Mich., or the Alcor Life Extension Foundation in Scottsdale, Ariz.
When a member dies, time is of the essence.
Other Rapid Response members must stabilize the body as quickly as possible, usually by packing it in ice. The body must be kept cold until it can be shipped to CI or Alcor, where it will be "vitrified" at about 320 degrees below zero Fahrenheit in a vacuum-sealed tube of liquid nitrogen. The response team may administer anti-coagulants to keep the blood from thickening after death.
"Our biggest expense last year was about $150 for ice," said Chris Petersen of Minneapolis, a board member of the rapid response group. "Knowing where your closest 24-hour gas station with an ice freezer has turned out to be a big role."
'Freeze Hank'
Last year, the group launched a GoFundMe fundraiser to help get one of their members, Hank, to the Michigan facility after his death. The "Freeze Hank" campaign didn't raise much only about $2,300. But when Hank died earlier this year, members successfully preserved his body and got it to Michigan.
The primary goal of the fundraiser was to raise money for long-term needs such as an emergency vehicle and monitors that could alert the group when a member's vital functions are failing. They also hope to develop educational materials for paramedics, funeral homes and hospitals, to teach them how to process the body of someone who wants cryonic preservation.
Freezing and reanimation is a frequent theme of Hollywood, playing a prominent role in movies like "Captain America," "Demolition Man" and "Austin Powers."In fact, many of the members of the Rapid Response group were first drawn to cryonics through sci-fi.
"I've always liked the harder part of sci-fi, where the science is plausible," Petersen said. He admits that when he first heard about cryonics, "I thought it sounded kind of quacky."
But Petersen and others maintain that what seems out of the realm of possibility today may be routine in the future. Nobody thought humans could fly; then the Wright brothers did it. A century ago, nobody would have believed a heart transplant was possible, yet today they're not even newsworthy.
Advances in cellular and molecular science are opening doors to medical advances that would have been unheard of even a decade ago, said Dennis Kowalski, president of CI. Scientists routinely freeze and thaw human eggs, sperm, embryos and tissue samples with no ill effects. Who's to say a whole body couldn't be frozen and thawed successfully?
"I don't believe we're at the zenith of human technological knowledge," Kowalski said. "We're going to be smarter in the future than we are today."
Health care of the future
CI has about 200 bodies in vitrification right now, Kowalski said, along with about 200 pets. Walt Disney is not among them, despite rumors that the famed animator had his head frozen after death a rumor Kowalski said is false.
But there is at least one famous person at his facility, Kowalski said, although he can't reveal who it is.
CI, which is a nonprofit organization, requires a donation of $28,000 to be stored at the facility indefinitely, Kowalski said. Many members donate more, with the money often coming from life insurance policies. The institute invests the donations in mutual funds, which are expected to provide money to keep the facility operating into the future.
Of course, if you're frozen after dying of cancer, you will still have a cancer-ridden body when you wake up.
"The issue is when you wake up, they have to fix what killed you," said Gene Shaver of St. Louis Park, another rapid response team member. But that's where members believe science will find a way.
"Let's be very honest here," Petersen said. "This is a long shot that we're doing. But if humanity and civilization is still around 500 or 1,000 years from now, if they have the technology to bring someone back to life, they probably have the technology to do nanotechnology or gene therapy" to treat the cause of death.
And for cryonics advocates, that long shot is better than nothing at all.
As Kowalski put it: "I can be sure that if you don't try, you're going to be worm dirt."
If you'd like to submit a Curious Minnesota question, fill out the form below:
Read more Curious Minnesota stories:
How many people live their entire life in Minnesota?
How did early settlers survive their first Minnesota winters?
What's the truth behind Minnesota's Kensington Runestone?
Who is the oldest living Minnesotan and what is their story?
Are Minnesota's health care costs really the highest in the nation?
Where does Twin Cities electricity come from and how is it delivered to homes?
Correction: Previous versions of this article misspelled Chris Petersens name.
John Reinan is a news reporter covering Greater Minnesota and the Upper Midwest. For the Star Tribune, he's also covered the western Twin Cities suburbs, as well as marketing, advertising and consumer news. He's been a reporter for more than 20 years and also did a stint at a marketing agency.
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Native American Heritage Month Spotlight: Colville Reservation 4-H Extension | National Institute of Food and Agriculture – National Institute of Food…
Posted: at 5:17 pm
Thursday, November 18, 2021
The Colville Reservation Extension in Nespelem, Washington is one of two Federally Recognized Tribes Extension Program (FRTEP) in the state and is dedicated to ensuring the youth residents of the reservation have the necessary resources to prepare them for their future.
Learn more about a few members and their 4-H projects:
Amaya, Roland, Adonis, and Collise This group of cousins all contribute to the family tradition of raising livestock cattle, sheep, and horses. They also actively participate in the annual family cattle branding. These Kewa Hillbillies 4-H club members perform daily chores around the ranch, and train and ride their horses. They are also active in gardening, shooting sports, and fishing.
Inorah is a member of Keller Valley Highriders 4-H club. This is her third year in the horsemanship project. She loves riding and spends every moment that she can, working withher horse. She is alsoactive in shooting sports, creative arts, and foods preservation projects.
Stockton is a third-year member of Keller Valley Highriders 4-H club. His main projects are rabbits and poultry, but he also participates in shooting sports and creative arts. Along with raising poultry, Stockton also gathers and sells the eggs. This helps him to learn about financial responsibility and allows him to save money for future projects and education.Eli and Connor are members of the Keller Valley Highriders 4-H club. They stay busy year-round on the family ranch where they raise sheep, goats, and cattle. They experience all aspects of ranching life, from daily feeding and care, helping with new-born lambs, and grooming and training their 4-H projects.To learn more about the Colville Reservation visit here.
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McDermott and SBM Offshore to Deliver Fourth FPSO in Guyana – Yahoo Finance
Posted: at 5:17 pm
HOUSTON, Nov. 18, 2021 /PRNewswire/ -- McDermott International and SBM Offshore have established a special purpose company to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) vessel under contracts for the Yellowtail development project.
Through the special purpose company, McDermott and SBM Offshore will design and construct the FPSO project, which will follow the FEED and is subject to government approvals in Guyana of the development plan, project sanction including final investment decision by ExxonMobil and Esso Exploration and Production Guyana Limited's (EEPGL) release of the second phase of work.
The FPSO will be the fourth to be deployed in Guyana and will be designed to produce 250,000 barrels of oil per day, will have associated gas treatment capacity of 450 million cubic feet per day and water injection capacity of 300,000 barrels per day. The FPSO will be spread moored in water depth of about 5,900 feet (1,800 meters) and will be able to store around two million barrels of crude oil.
"McDermott brings unrivaled project execution, integrated engineering and modularization and industry leadership to this important project," said Samik Mukherjee, McDermott Executive Vice President and Chief Operating Officer.
"We will leverage our worldwide engineering centers and access the modularization design and fabrication expertise of our Qingdao McDermott Wuchuan (QMW) fabrication yard in China. Thisand our shared vision with SBM Offshore for integrated solutions, optimized efficiency and delivery assurancewill enable success," said Tareq Kawash, McDermott Senior Vice President, Europe, Middle East, Africa.
McDermott and SBM Offshore will provide project management, basic design, procurement, engineering, integration and commissioning services. SBM Offshore will manage the transport and installation and then lease the FPSO and operate it for a period of up to two years.
Story continues
About McDermottMcDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructureempowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit http://www.mcdermott.com.
About SBMThe Company's main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation. As of December 31, 2020, the Company employs approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels. SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. For further information, please visit the website http://www.sbmoffshore.com.
Forward-Looking StatementsMcDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected scope and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customer and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.
Contacts:
Global Media RelationsReba ReidSenior Director, Global Communications and Marketing+1 281 588 5636RReid@McDermott.com
Local Media RelationsBarbara Knight Senior Director, Area Communications and Marketing+971 56 403 2903BBKnight@McDermott.com
new McDermott logo (PRNewsfoto/McDermott International, Inc.)
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