February 12, 2025 - 03:37
Private equity firm Rhone and the Chatterjee Group are moving forward with plans for an initial public offering (IPO) of Lummus Technology in the United States. To facilitate this significant financial endeavor, they have enlisted the expertise of Goldman Sachs Group Inc. as the lead bank for the offering. This strategic partnership highlights the growing interest in the energy and technology sectors, especially as companies seek to capitalize on market opportunities in a post-pandemic economy.
Lummus Technology, known for its innovative solutions in the energy sector, is poised to leverage the IPO to enhance its market position and expand its operational capabilities. The decision to go public aligns with broader trends in the industry, where companies are increasingly looking for ways to raise capital and increase visibility among investors. As the IPO process unfolds, stakeholders will be closely watching how Lummus Technology navigates this critical phase in its growth trajectory.
June 8, 2025 - 07:33
Innovations in Advanced Recycling: A Look at New Technologies and TrendsIn a recent discussion, the CEO of a pioneering recycling company unveiled ambitious plans for a groundbreaking technology aimed at revolutionizing the recycling of hard-to-recycle mixed plastics....
June 7, 2025 - 20:23
Yageo Corp. to Retain Shibaura's AI Technology in Japan Following AcquisitionTaiwan`s Yageo Corp. has announced its intention to maintain the advanced artificial intelligence technology of Shibaura Electronics Co. in Japan, contingent upon a successful acquisition of the...
June 7, 2025 - 00:28
Pankaj K. Jha Awarded NSF Grant for Quantum Technology ResearchPankaj K. Jha, a prominent professor in the field of quantum technology, has recently been awarded a significant grant from the National Science Foundation (NSF) to further his research on...
June 6, 2025 - 01:39
Utilizing Smart Manufacturing Technology for the Next Generation of CNC MachinistsIn an era marked by rapid technological advancements, the manufacturing industry faces a pressing challenge: bridging the skills gap in the workforce. As smart manufacturing technologies continue...