CPI Card Group Inc., a leading provider in payment technology and credit/debit/prepaid solutions, has announced the appointment of Ravi Mallela to its Board of Directors. Effective from Nov. 15, 2023, Mallela will serve as an independent member of the board and will also be part of the board’s Audit Committee. Mallela is currently the chief…more
Commercial space travel firm Sierra Space announced a $290 million increase in its total investment income as a result of its second funding effort, known as Series B. Consequently, the company’s valuation has skyrocketed to a whopping $5.3 billion. This investment milestone powers the firm’s goal of enabling more frequent and universal space flights. Accordingly,…more
Sierra Space, an American commercial space company, has entered into a new strategic agreement with Mizuho Financial Group (MUFG) Bank, Kanematsu Corporation, and Tokio Marine Nichido Fire Insurance. This agreement is geared towards exploring opportunities arising from the growing commercial space business, marking a significant milestone for Sierra Space’s business expansion. The companies involved will…more
Viega, an industry leader in press technology, has announced plans to construct a new manufacturing facility in Shalersville, Ohio. The company, renowned for its ProPress and MegaPress products, aims to break ground this November, with the facility slated to be operational by early 2025. Markus Brettschneider, CEO and President of Viega LLC, is enthusiastic about…more
The U.S. Government has issued a contract to Colorado-based commercial space company Sierra Space for the development of advanced upper-stage rocket engines. Sierra Space, a subsidiary of privately held Sierra Nevada Corporation (SNC), is known for its suite of innovative space technologies and vehicles. The contract is part of an initiative towards U.S. independence in…more
DMC Global Inc. board of directors announced the appointment of Michael Kuta as the company’s president, chief executive officer, and director with immediate effect. Kuta, the former interim co-CEO and chief financial officer, has been with the company since 2014. Prior to stepping up as the interim co-CEO alongside DMC director David Aldous in January…more