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Aquanow receives full operational approval from Dubai’s VARA, commencing operations in the Middle East

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DUBAI, UAE, July 29, 2024 /PRNewswire/ — Aquanow, a leading crypto infrastructure provider, has received full operational approval from Dubai’s Virtual Asset Regulatory Authority (VARA). Aquanow’s Virtual Asset Service Provider (VASP) licence allows the company to offer Broker-Dealer, Lending and Borrowing, and Management and Investment Services across the region.

The licence from VARA marks a major milestone in the company’s international expansion plans, with the UAE poised to become a significant growth pillar. This positions Aquanow to commence operations and enable crypto financial services in partnership with major financial institutions in the Middle East. The approval comes after a rigorous application process, an indication of the robust regulatory regime that has been established in the UAE.

Aquanow, headquartered in Canada, and operating globally, works closely with leading financial institutions including top-tier banks, brokerages, payment service providers, and enterprises. In 2023, Aquanow ranked amongst the fastest growing financial technology companies in North America, with a four-year revenue growth rate of 1,842%, according to the Deloitte Technology Fast 500 list.

Dubai is leading the way in creating a progressive environment that enables financial innovation whilst maintaining world class customer protection, financial stability and market integrity,” said Phil Sham, Aquanow co-founder and CEO. “We look forward to continued collaboration with the regulator and our industry peers as we contribute to the advancement of digital assets in the Middle East.

To learn more about Aquanow, please go to aquanow.com.

About Aquanow

Aquanow is a leading digital assets infrastructure provider enabling crypto financial services for institutional clients. Each month, the company facilitates billions of dollars of trade volume for a broad range of use cases. Aquanow serves an international customer base that includes the world’s fastest-growing banks, neobanks, brokerages, and payment companies. Established in 2018 and headquartered in Canada, Aquanow currently has 100+ team members. In 2023, Aquanow ranked amongst the fastest growing companies with a four-year revenue growth rate of 1,842%, according to the Deloitte Technology Fast 500 list.

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For more information visit: vara.ae.

Contact: Aquanow, Chris DeLuca, chris@aquanow.com

View original content:https://www.prnewswire.co.uk/news-releases/aquanow-receives-full-operational-approval-from-dubais-vara-commencing-operations-in-the-middle-east-302208699.html

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Trakka Systems to Demonstrate Advanced ISR Capabilities at Farnborough International Airshow 2026

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ARLA, Sweden, July 20, 2026 /PRNewswire/ — Trakka Systems, a global leader in Critical Vision Technologies, will showcase its integrated ecosystem of mission-ready solutions at the Farnborough International Airshow 2026, taking place 20–24 July in Farnborough, United Kingdom. Visitors are invited to the Acron Aviation Flight Line Chalet (Stand C322), where Trakka will conduct live demonstrations of its flagship long-range imaging system and seamlessly integrated mapping and mission management solution while showcasing the broader Acron Aviation portfolio.

For the first time at Farnborough, Trakka Systems will conduct live demonstrations of the TrakkaCam® TC-375, giving visitors the unique opportunity to experience the system’s performance in real-world conditions. The demonstrations will also showcase the TrakkaMaps® TM-100 mapping and mission management system, providing a complete Total Mission Solution designed to enhance situational awareness, mission coordination, and operational effectiveness.

Live Demonstrations

The TrakkaCam® TC-375 is Trakka’s flagship long-range, gyro-stabilized EO/IR multi-sensor designed for the most demanding airborne ISR missions. Configured with multiple high-definition payloads, the demonstration system features:

High-definition electro-optical (EO) color cameraHD mid-wave infrared (MWIR) thermal imagerHigh-performance low-light cameraIntegrated laser rangefinder

Designed for military, border security, maritime surveillance, search and rescue, drug interdiction and law enforcement missions, the TC-375 delivers exceptional long-range target detection, recognition, and identification while maintaining outstanding image stability during dynamic flight operations.

Visitors will also experience the TrakkaMaps® TM-100 mapping and mission management system operating alongside the TC-375. Purpose-built for seamless plug-and-play integration, TM-100 enables crews to view live sensor imagery, map targets, apply augmented reality (AR) overlays, record mission data, and coordinate operations through a unified touch-screen interface, extending the capabilities of the airborne imaging system.

An Integrated Ecosystem of Critical Vision Technologies

Trakka Systems continues to expand its portfolio of mission-critical technologies while maintaining the innovation, quality, and customer focus that have defined the company for more than 25 years. Trakka’s ecosystem of Critical Vision Technologies enables operators to rapidly detect, identify, illuminate, map, record, and share critical information during missions. The seamless integration of TrakkaCam®, TrakkaMaps®, TrakkaStream®, and the globally recognized TrakkaBeam® line of high-intensity searchlights reduces installation complexity, minimizes integration time, and provides operators with a complete mission solution from a single trusted provider.

Visit Trakka Systems at Farnborough

Farnborough International Airshow is one of the world’s premier aerospace and defense exhibitions, bringing together industry leaders, military organizations, government agencies, and aerospace innovators from around the globe. The event provides an ideal opportunity to explore emerging technologies, strengthen partnerships, and experience the future of mission-critical aviation.

Trakka Systems welcomes customers, partners, and industry professionals to visit the Acron Aviation Flight Line Chalet (Stand C322) to experience live demonstrations, meet with technical experts, and discover how Trakka’s Total Mission Solutions integrate seamlessly to deliver enhanced situational awareness, improved mission coordination, and greater operational effectiveness.

As a member of the Acron Technologies portfolio of companies, Trakka Systems helps innovate technologies that create safer skies and protect lives across air, land, sea, and space.

For more information about Trakka Systems and its innovative range of Critical Vision Technologies, please visit www.trakkasystems.com.

About Trakka Systems

Trakka Systems is a global leader in the design, development, and manufacturing of Critical Vision Technology solutions for airborne, maritime, and land-based missions. With more than 25 years of innovation, Trakka delivers advanced gyro-stabilized imaging systems, high-intensity searchlights, mapping and mission management software, and mission integration solutions that support defense, law enforcement, border security, search and rescue, utility, and special mission operators around the world.

As a member of the Acron Technologies portfolio of companies, Trakka Systems helps innovate technologies that create safer skies and protect lives across air, land, sea, and space.

For more information about Trakka Systems and its innovative range of Critical Vision Technologies, please visit www.trakkasystems.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/trakka-systems-to-demonstrate-advanced-isr-capabilities-at-farnborough-international-airshow-2026-302829145.html

SOURCE Trakka Systems

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JetZero and EXIM Sign Letter of Interest to Explore up to $3B in Financing for New Aerospace Manufacturing Campus in Greensboro, North Carolina

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Letter of Interest signed at the Farnborough International Airshow under EXIM’s Make More in America Initiative; project expected to create more than 14,500 direct jobs

FARNBOROUGH, U.K., July 20, 2026 /PRNewswire/ — FARNBOROUGH AIR SHOW– JetZero today announced that it has signed a Letter of Interest with the Export-Import Bank of the United States (EXIM) to explore up to $3 billion in potential financing support under EXIM’s Make More in America Initiative (MMIA) for the development of the company’s major advanced aerospace manufacturing campus in Greensboro, North Carolina.

The Letter of Interest, signed at the 2026 Farnborough International Airshow, establishes a framework for the two organizations to evaluate potential MMIA financing support for the construction of manufacturing facilities, production systems and equipment, and other eligible project costs. The agreement reflects a shared commitment to expanding U.S. manufacturing capacity while preserving EXIM’s full underwriting, due diligence, environmental review, and Board approval processes.

JetZero’s Greensboro campus represents a significant investment in domestic aerospace production capacity. The project is expected to create more than 14,500 direct manufacturing jobs in North Carolina, along with an estimated 53,000 additional indirect U.S. jobs, while strengthening critical industrial and supply-chain resilience and supporting future exports of U.S.-manufactured aerospace products.

“This Letter of Interest marks an important step toward building the most advanced aerospace manufacturing campus in the country and bringing tens of thousands of high-quality jobs to North Carolina,” said Tom O’Leary, JetZero CEO and co-founder. “We are excited for EXIM’s interest in supporting American manufacturing leadership and exports.”

The Greensboro campus builds on JetZero’s existing progress with EXIM in supporting project tooling, and reflects the parties’ intent to explore broader financing support for the full manufacturing campus as discussions advance.

The Letter of Interest does not constitute a financing commitment, an obligation of federal funds, or approval of any loan transaction. Any future EXIM support remains subject to all applicable statutory requirements, due diligence, underwriting review, environmental review, legal review, and approval by EXIM’s Board of Directors.

About JetZero

JetZero is an American aerospace company developing a new generation of more efficient commercial and defense aircraft. The company partners with leading manufacturers and technology providers to advance the future of flight through innovation and American manufacturing excellence.

About the Make More in America Initiative

The Make More in America Initiative (MMIA) is an Export-Import Bank of the United States program that provides EXIM’s financing tools—including loan guarantees, direct loans, and insurance—in support of domestic manufacturing projects that create U.S. jobs and enhance the nation’s export capacity.

Media Contact
Press@JetZero.aero
Follow JetZero: LinkedIn |  Instagram

Media Assets
Images and video available on the JetZero Media Center page.

View original content to download multimedia:https://www.prnewswire.com/news-releases/jetzero-and-exim-sign-letter-of-interest-to-explore-up-to-3b-in-financing-for-new-aerospace-manufacturing-campus-in-greensboro-north-carolina-302829244.html

SOURCE JetZero

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CNPC launches China’s first full-chain green, low-carbon ethylene project

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BEIJING, July 20, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

China National Petroleum Corporation on Thursday officially put into operation the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility in Korla, Bayingolin Mongolian autonomous prefecture, Northwest China’s Xinjiang Uygur autonomous region. This marks the launch of the country’s first full-chain green and low-carbon ethylene project.

As the first demonstration project in China’s petrochemical industry to apply green and low-carbon development principles throughout the entire production chain, it combines renewable energy, carbon capture and the high-value utilization of by-products. The project is expected to reduce carbon emissions by 1.37 million metric tons annually, equivalent to the carbon sequestration capacity of 5.48 million mu, or about 365,333 hectares, of forest.

The project features several technological breakthroughs. It directly uses renewable energy generated by Tarim Oilfield’s photovoltaic facilities, with around 1 billion kilowatt-hours of green electricity supplied to the complex each year. It has also completed the construction of the world’s second and China’s first domestically developed electric-driven system for the three major ethylene compressors, shifting from thermal to electric power.

In addition, it has adopted a first-of-its-kind integrated carbon capture technology in China to recover low-concentration carbon dioxide from cracking furnace flue gas that would otherwise be emitted into the atmosphere. The captured CO₂ and recovered by-product hydrogen are reused in the production process, forming a closed-loop low-carbon industrial chain that connects green power, carbon capture, blue hydrogen, blue ammonia and lower-carbon fertilizer production.

The project also reflects China’s growing technological strength. Of its 11 major production units, ten use homegrown technologies — nine of which come from CNPC, and five have been applied at industrial scale for the first time. The overall localization rate of the project has reached 99 percent, with full localization achieved for several units, including hydrogenation of pyrolysis gasoline and butadiene rubber. The project also marks a breakthrough in the domestic manufacture of large-scale extrusion and pelletizing units.

With the project now in operation, it is expected to help fill gaps in the production of high-end polyolefins, synthetic rubber and other advanced materials in southern Xinjiang, while supporting the growth of downstream 100-billion-yuan industrial clusters. It is also projected to contribute to regional economic development and create employment opportunities in Korla and surrounding areas.

 

View original content:https://www.prnewswire.com/news-releases/cnpc-launches-chinas-first-full-chain-green-low-carbon-ethylene-project-302829457.html

SOURCE chinadaily.com.cn

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