Latest news with #StandardIndustries
Daily Mail
22-05-2025
- Business
- Daily Mail
Johnson Matthey shares soar as the chemicals giant announces the sale of its technologies business
Johnson Matthey shares soared by nearly a third after it announced the sale of its technologies business. In a welcome boost for investors, the chemicals giant promised to return £1.4billion to shareholders after announcing the sale. Its Catalyst Technologies arm will be sold to US conglomerate Honeywell for £1.8billion. Shares rocketed 30.7 per cent. Johnson Matthey's value plunged by 75 per cent from a pre-Covid high to a valuation of £2.3billion this week. It is streamlining after coming under pressure from activist shareholders, including largest shareholder Standard Industries.
Sky News
21-05-2025
- Business
- Sky News
Johnson Matthey to unveil £1.5bn-plus sale amid activist pressure
Johnson Matthey, the London-listed industrial group, will on Thursday announce the sale of a unit involved in the production of sustainable aviation fuel (SAF) as its board fends off pressure from an American activist investor. Sky News has learnt that Johnson Matthey will announce, as part of its full-year result, that it is selling its Catalyst Technologies arm - one of four main divisions at the company. Banking sources said the deal had been agreed for a price of between £1.5bn and £2bn - which at the upper end would equate to more than 80% of the group's entire £2.3bn market capitalisation. The identity of the buyer could not be established on Wednesday evening. Selling its Catalyst Technologies is expected to be welcomed by some shareholders who have argued that Johnson Matthey has been insufficiently focused on higher-growth businesses with more obvious potential to generate financial returns. The London-listed company has been under siege from Standard Industries, the US-based conglomerate which is its biggest shareholder with a stake of over 10%. Standard Industries wrote an open letter to Johnson Matthey's board in January, accusing it of destroying shareholder value. It said the British company's directors were guilty of a "continued lack of urgency and do what is necessary to turn Johnson Matthey around and help it to realise its potential". The Catalyst Technologies arm accounted for roughly a fifth of group sales in the half-year to the end of August, but about a third of group profit. As well as being involved in the production of technology needed to make SAF, the division is a market leader in supplying specialised services to the chemicals and energy sectors, with a particular focus on decarbonisation. More generally, Johnson Matthey is one of Britain's most significant industrial names, tracing its history back to 1817. A spokesman for Johnson Matthey, which has seen its shares slump by nearly a quarter over the last year, declined to comment on Wednesday.
Business Standard
21-05-2025
- Business
- Business Standard
Standard Industries reports consolidated net loss of Rs 4.45 crore in the March 2025 quarter
Sales rise 28.12% to Rs 8.84 crore Net loss of Standard Industries reported to Rs 4.45 crore in the quarter ended March 2025 as against net profit of Rs 9.99 crore during the previous quarter ended March 2024. Sales rose 28.12% to Rs 8.84 crore in the quarter ended March 2025 as against Rs 6.90 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 13.51 crore in the year ended March 2025 as against net loss of Rs 0.13 crore during the previous year ended March 2024. Sales rose 3.79% to Rs 27.92 crore in the year ended March 2025 as against Rs 26.90 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 8.846.90 28 27.9226.90 4 OPM % -39.14-38.99 - -41.22-42.71 - PBDT -3.725.10 PL -10.78-2.97 -263 PBT -4.394.44 PL -13.44-5.68 -137 NP -4.459.99 PL -13.51-0.13 -10292
National Post
15-05-2025
- Business
- National Post
Wi-Charge Secures $20 Million to Expand World's First Commercial Wireless Power Platform
Article content With over-the-air wireless power now live in global markets, Wi-Charge will use the new funding to scale production, fast-track OEM integrations, and meet growing partner demand. Article content Article content TEL AVIV, Israel — Wi-Charge, the global leader in long-range wireless power, today announced it has raised $20 million in Series C funding led by Standard Investments, the related investment platform of the global industrial company Standard Industries, with participation from existing investors and new investors, including the prestigious EIC Fund, the investment arm of the European Innovation Council. The investment will accelerate Wi-Charge's commercial rollout and expand its footprint across hospitality, smart home, commercial, retail, mobile device, and the fast-growing AR and wearables sectors. Article content This funding follows a series of commercial product launches that signal Wi-Charge's transition from research and development to real-world deployment. In recent months, the company has introduced multiple wirelessly powered display solutions, including the Wi-Poster, a 31-inch large-format color E-Ink display; Nine-inch Wirelessly Powered LCD Video Displays for retail, which bring video content directly to the point of purchase; and the first-of-its-kind digital out-of-home solution, over-the-air powered for retail environments. These launches expand the portfolio of products supported by Wi-Charge wireless power, including smart home devices like Alfred smart locks, and highlight both the versatility of Wi-Charge's technology and its readiness to scale across multiple industries. Article content 'Wi-Charge is at an inflection point with innovative technology, strong IP, and market timing converging,' said Peter Marturano, Technology Sector Head at Standard Investments. 'We believe Wi-Charge is uniquely positioned to lead the transformation to a wireless power future, and we're excited to support the team as they scale to meet the potential for vast global demand.' Article content Backed by more than 200 patents and over a decade of research and development, Wi-Charge is the first company to deliver and commercialize true over-the-air wireless power. Its proprietary, physics-based approach has enabled the company to overcome barriers that have stalled others in the space. With proven applications across smart home, hospitality, consumer electronics, retail, and digital signage, Wi-Charge is ready to power the next generation of connected devices. Article content 'Wireless power has been an impossible dream for so long—and now it's real. Deployed in the US, Europe and Asia, it is being used successfully by small and major brands, powering different devices from 30 feet away,' said Ori Mor, Co-Founder and Chief Business Officer of Wi-Charge. 'When people see it in action, there's this moment when it clicks. Suddenly, what seemed like science fiction becomes reality, and cables immediately seem cumbersome and outdated. We're seeing a wave of OEMs quickly moving to integrate wireless power, recognizing the value of offering freedom from wires and battery charging. This funding helps us move faster and scale to meet these new demands.' Article content The Series C round will help scale manufacturing, accelerate OEM integration, build out global distribution, and scale the commercialization team. With additional product launches and partnerships already in the pipeline, Wi-Charge is rapidly becoming the foundation for a wirelessly powered future. Article content 'We're unlocking a new era of truly wireless living—eliminating cables and batteries, one product at a time,' said Mor. 'As AR glasses, next-gen mobile devices, and edge AI hardware go mainstream, they'll all need reliable, long-range power. This funding helps us move faster to meet that need—and to make sure our partners are leading the charge, not playing catch-up.' Article content Wi-Charge is a long-range wireless power company founded to enable automatic charging of cell phones and other smart devices. Our patented infrared wireless power technology can safely and efficiently deliver several watts of power to client devices over room-sized distances. Giving end-users freedom and product designers the power they need for the next generation of mobile smart devices, Wi-Charge is the power of the future, beyond batteries and power cords. For more information, visit or follow us on LinkedIn. Article content Article content Article content Article content
