Mining for rare earth metals could become economically and environmentally feasible though a process developed and patented at Purdue University. Credit: Purdue University

The production of rare earth metals is a global $4 billion annual market that continues to grow as new electronics, computerized engines for aircraft, warships, electric automobiles, magnets and other critical products are developed that need rare earth metals to perform. The value of the products that require rare earth metals to function is valued at more than $4 trillion per year.

The current challenge is that just one country, China, owns the market on extracting and purifying this critical resource despite the fact that other global countries, including the U.S., are rich in such metals. The detrimental environmental impact of current acid based separation and purification of rare earth metals prohibits most companies across the globe from entering the…

HOUSTON–(BUSINESS WIRE)–Geospace Technologies (NASDAQ: GEOS) (the “Company”) today announced a net loss of $11.8 million, or $0.87 per diluted share, on revenue of $25.9 million for its second quarter ended March 31, 2020. This compares with net income of $0.7 million, or $0.05 per diluted share, on revenues of $26.1 million for the second quarter of the prior year.

For the six months ended March 31, 2020, the Company recorded revenue of $51.6 million compared to revenue of $44.0 million during the prior year period. The Company reported a net loss of $13.1 million, or $0.97 per diluted share compared to a net loss of $5.1 million, or $0.38 per diluted share for the prior year period.

Walter R. (“Rick”) Wheeler, President and CEO of the Company said, “Given the full extent of health and economic devastation foisted upon the world by the COVID-19 pandemic, we are very thankful that our second quarter of fiscal…

The virtual tools that home shoppers are relying on out of necessity during an era of social distancing are going to be expected of the real estate industry on the other side of this global crisis, Zillow CEO Rich Barton said on an earnings call with investors, Thursday.

Rich Barton | Photo credit: Zillow Group

Those tools from Zillow include virtual buying and selling, a rich media experience, 3D floor plans, virtual home tours and e-closing and signing of documents.

“The virtual tools home shoppers need for safety today, will become their expectations for convenience tomorrow,” Barton said. “Our focus now is not just on managing our way through this crisis, we’re also moving faster into…

Technology has done amazing things for us, as individuals and as a society. We take our ability to order items online and have them delivered to our front door for granted. 

We can order groceries online and either have them brought to our car in the parking lot without having to enter a store or have them delivered to our house. And that information we freely provide on Facebook and Instagram has allowed aspiring entrepreneurs to target us down to a specific niche with products we didn’t realize we wanted and most likely don’t need.  

But perhaps it takes a pandemic for us to appreciate this technology and expand it. Because there are many other areas of our lives that could be positively impacted by technology, if only we would allow it. 

As the coronavirus began to spread, two of the immediate healthcare concerns…

CLAYTON, Mo., May 7, 2020 /PRNewswire/ — Perimeter Solutions, the world leader in fire safety chemical solutions, announced today that it has completed the acquisition of Colorado-based LaderaTech, a biomaterials company with commercial technology in wildfire prevention and the delivery of agriculture chemicals. The acquisition includes LaderaTech’s FORTIFY^® Fire Retardant technology and rights to associated intellectual property. The addition of FORTIFY technology – which is used in ground-based applications – complements Perimeter’s industry leading PHOS-CHEK^® Fire Retardant aerial and ground technology. LaderaTech President & CEO Wes Bolsen will be joining Perimeter Solutions as the Director of Wildfire Prevention in Perimeter’s Fire Safety Solutions business.

According to Edward Goldberg, CEO of Perimeter Solutions, the acquisition of LaderaTech and FORTIFY^® is consistent with Perimeter’s to bring the world’s best fire…

Canadian startup, ColdBlock Technologies has completed a C$1.5 million Series A round of financing. ColdBlock’s financing results from investments by the Province of Ontario through OCE, istarthub and the Angel Investors Ontario. The completion of Series A brings ColdBlock’s total funding since it launched in March 2015, to C$3.5 million and will help the company accelerate development of its Generation-3 System with automation and aggressively scale up its overseas market growth. Istarthub’s Thomas Wong and Peterborough Angels’ Terry Windrem have joined ColdBlock’s Board of Directors.

ColdBlock’s Generation-3 product line with automation the company says will deliver the following significant benefits to laboratories that perform sample digestion processes:

1. Unmatched sample throughput with automation
2. Substantial cost reduction in sample preparation
3. Elevated workplace safety by reducing the need for and exposure to…

It takes a larger partner ecosystem to drive true innovation and disruption in supply chain execution, according to Andre Kaeber, chief executive officer of leogistics. Together as partners, leogistics and HERE Technologies broke new ground. With their shared business model, they can now offer customers a single, integrated platform for their supply chain execution needs.

Background

Trust is emerging as an essential commodity in today’s world. Consumers ordering everything from groceries or shoes order with the trust that their order will arrive when expected. Supply chain in major industries, like automotive or chemicals, operate on trust as well. Each participant needs to trust in the commitments their supply chain partners make. They require increasingly higher levels of transparency into the progress of shipments on the ground, road and waterways, and seek greater visibility into logistics in their yards, from load…

Microsoft has revealed some of the first third-party games that will be optimised for its next-generation console, the Xbox Series X.

The Xbox livestream featured previously unseen footage of the highly anticipated Assassin’s Creed: Valhalla.

But many viewers complained too little gameplay was displayed.

Both Microsoft and PlayStation-maker Sony have promised to deliver their latest consoles in time for Christmas 2020.

Typically, Microsoft holds an annual showcase of games at the E3 show in Los Angeles.

But this year’s conference was cancelled…

Device Technologies said it is currently considering how it can provide greater visibility to its supply chain for critical devices, such as ventilators, in light of the coronavirus outbreak.

Device Technologies business systems manager Tiina Kontkanen said one of those approaches is the implementation freight management platform that can be embedded into existing systems to track and report on the movement of these devices.

Another way the company plans on lifting visibility of its supply chain, Kontkanen said, speaking as part of SAP Virtual 2020, involves improving the company’s data strategy and providing “some insights to the customers and our suppliers on our products”.

“That’s something that I think you have to just collaborate on, and I think that’s the key to agility and breaking some of those silos that are in place at the moment,”…