UK government extends airports' drone-restriction zone

The exclusion zone will be introduced on 13 March, the government states, in the wake of the serious drone-related disruption to London Gatwick operations last December. It says the change will “better protect” the country’s airports from operators who misuse the unmanned aerial vehicles. The government adds that it intends to supplement this restriction with extended police powers, to stop and search people suspected of breaching the restrictions, with a new piece of legislation to be introduced “in due course”. Police would also be able to access, with a warrant, electronic data stored on a drone.

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Emerging Technology

Mkango Subsidiary Maginito and CoTec Form HyProMag USA Joint Venture and Commence Process to Appoint EPCM Provider for the Feasibility Study

GlobeNewswire | January 04, 2024

CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce that CoTec and Maginito Limited ("Maginito") have formed a 50/50 joint venture entity which will roll out HyProMag Limited’s (“HyProMag”) Hydrogen Processing of Magnet Scrap (“HPMS”) recycling technology into the United States. The newly formed joint venture company, HyProMag USA, LLC (“HyProMag USA” or the “Joint Venture”), plans to develop a low cost, low carbon, sustainable rare earth magnet recycling and production business underpinned by HPMS. HyProMag has sublicenced the HPMS technology to HyProMag USA. HyProMag is 100 per cent owned by Maginito, which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec, and is commercialising rare earth magnet recycling in the UK, Germany and United States. Revenue from the Joint Venture is targeted for 2025/2026. HyProMag USA will initially focus on completing a bankable feasibility study (“Feasibility Study”) through a hub and spoke model using three HPMS vessels and one magnet manufacturing hub (together the “US Project”). The Joint Venture has recently initiated a “Request for Proposal” process from leading Engineering, Procurement and Construction Management (“EPCM”) providers and has ordered three HPMS reactors to expedite the development of the US Project. Following completion of the Feasibility Study, CoTec and Mkango will make a joint decision as to whether the Joint Venture will proceed with the construction of the US Project. Julian Treger, CoTec CEO commented: “HyProMag is supported by the Minerals Security Partnership1 and we are looking forward to working with leading EPCM providers to design and build these facilities using HyProMag’s considerable experience from the plants being developed in the UK and in Germany. CoTec and Mkango are focused on delivery and will be exploring US Government funding and strategic partnerships for feed supply and rare earth element (“REE”) magnet offtake in the first half of 2024. “We look forward to working and collaborating with local, state and federal stakeholders targeting the completion of the feasibility study”. Will Dawes, Mkango CEO commented: “We see the United States as a core component of our growth strategy and look forward to progressing the US feasibility study over the course of the year, in parallel with further development of operations in the UK, Germany and other jurisdictions. HyProMag’s recycling technology has major competitive advantages versus other recycling technologies and is a key enabler for cost effective and energy efficient separation, recycling and production of rare earth magnets with a significantly reduced carbon footprint. We are receiving strong interest for recycled magnets from potential customers and for recycling solutions from original equipment manufacturers (“OEMs”), and automotive and recycling companies.” HPMS technology was developed at the University of Birmingham, underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams –HPMS provides the solution. Maginito Maginito is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec. It is focused on developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies. Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, and a 100 per cent interest in Mkango Rare Earths UK Ltd (“Mkango UK”), a company focused on long loop rare earth magnet recycling in the UK via a chemical route. About Mkango Resources Ltd. Mkango's corporate strategy is to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. In parallel with development of its mining assets, Mkango plans to become a market leader in the production of recycled rare earth magnets and alloys via its interest in Maginito. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector. Mkango is listed on the AIM and the TSX-V. Mkango is developing its flagship Songwe Hill rare earths project (“Songwe”) in Malawi with a Definitive Feasibility Study completed in July 2022 and an Environmental, Social and Health Impact Assessment approved by the Government of Malawi in January 2023. Discussions regarding the Mine Development Agreement (“MDA”) for Songwe Hill are ongoing with the Government of Malawi. In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical manufacturer have agreed to work together towards development of a rare earth separation plant at Pulawy in Poland (the Pulawy Separation Plant) to process the purified mixed rare earth carbonate produced at Songwe Hill. Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project. About CoTec Holdings Corp. CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange (“TSX- V”) and the OTCQB and trades under the symbol CTH and CTHCF respectively. CoTec is an environment, social, and governance (“ESG”)-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities, as it transitions into a mid-tier mineral resource producer. CoTec is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. It has made four investments to date and is actively pursuing operating opportunities where current technology investments could be deployed.

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Cybersecurity

Resecurity Achieves Official Registration as Cybersecurity Provider with Saudi Arabia's NCA

PR Newswire | January 08, 2024

Resecurity (USA), a global cybersecurity solutions provider protecting Fortune 500 and government agencies worldwide, proudly announces the successful completion of its official registration process with the National Cybersecurity Authority (NCA) in Saudi Arabia. This achievement solidifies Resecurity's status as a registered and authorized cybersecurity service provider within the Kingdom. Resecurity has been added to the list of accredited cybersecurity service providers on the official WEB-site of the NCA under number 248. Resecurity's comprehensive portfolio of services is tailored to government and law enforcement organizations, making them a trusted partner in the field of cybersecurity fully compliant with existing regulations and legislation. On April 25, 2022, the NCA issued a public call to entities providing cybersecurity services, solutions, or products in Saudi Arabia to register their data through the NCA's website. The initiative, which became a mandatory requirement for relevant entities starting August 1, 2022, aims to enhance the overall cybersecurity landscape in the Kingdom and foster a secure and reliable cyberspace conducive to growth. Separately, the NCA indicated that this requirement enhances the efforts made in developing and regulating the cybersecurity market and industry in the Kingdom of Saudi Arabia, and outlined the same precedes the issuance of necessary regulatory licenses to practice some activities related to the sector during the coming period. Upholding the Best Cybersecurity Standards Resecurity, in alignment with the NCA's vision, has successfully navigated the registration process, showcasing its commitment to upholding the highest standards of cybersecurity. As a registered service provider, Resecurity is well-poised to contribute to the development of the Kingdom's cybersecurity market. "Completing the official registration with the National Cybersecurity Authority is a testament to Resecurity's unwavering commitment to cybersecurity excellence and compliance. Our mission has always been to empower organizations with advanced security solutions, and this milestone underscores our dedication to fortifying the digital resilience of Saudi Arabia. We are excited to collaborate with the Kingdom in building a robust and secure cyberspace for its citizens and businesses." - Gene Yoo, CEO of Resecurity shared his perspective on this achievement: "Our journey in the Kingdom of Saudi Arabia is marked by this significant achievement. We are excited about the opportunity to contribute to the Kingdom's cybersecurity landscape and work collaboratively towards a digitally secure future in scope of Saudi Vision 2030." - said Mohammed Alghamdi, Managing Director of Resecurity in the Kingdom of Saudi Arabia: NCA's Vision for a Secure Digital Future The NCA's decision to enforce the registration requirement is rooted in its commitment to creating a safe and reliable Saudi cyberspace. By establishing a mandatory registration process, the NCA aims to ensure that entities providing cybersecurity services contribute to the overall security posture of the Kingdom. By completing the official registration with the NCA, Resecurity reinforces its commitment to delivering cutting-edge cybersecurity solutions. As a registered service provider, Resecurity is now better equipped to contribute to the advancement of Saudi Arabia's cybersecurity infrastructure and assist businesses in navigating the constantly evolving threat landscape. Moving Forward Together Resecurity looks forward to collaborating with the National Cybersecurity Authority and fellow registered entities in creating a secure digital environment that facilitates growth, innovation, and prosperity. Last year, Resecurity announced the appointment of Mohammed Alghamdi as the Managing Director for its operations in the Kingdom of Saudi Arabia (KSA). With a distinguished professional career spanning government relations management and successful collaborations with both private and public sector organizations, Mr. Alghamdi is well-equipped to lead Resecurity's strategic initiatives and business development in the region. Mr. Alghamdi's career includes notable tenures at prestigious global consulting firms, including Booz Allen Hamilton, Oliver Wyman, and Bain & Company. He specializes in addressing clients' most critical issues: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions (M&A), and sustainability across all industries and geographies. As the Managing Director for Resecurity in KSA, Mr. Alghamdi will play a pivotal role in overseeing government affairs and mission-critical operations specifically relevant to the national security, aerospace and defense (A&D) verticals. About Resecurity Resecurity, Inc. (USA) is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An Official Member and a Gold Sponsor of InfraGard National Members Alliance (INMA), AFCEA, NDIA, SIA, FS-ISAC and the American Chamber of Commerce in Saudi Arabia (AmChamKSA), Singapore (AmChamSG), Korea (AmChamKorea), Mexico (AmChamMX), and UAE (AmChamDubai).

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Emerging Technology

Thentia now working with AWS to drive innovation in the public sector

PR Newswire | January 20, 2024

Thentia, a leading innovator in regulatory technology, is pleased to announce that it is now working with Amazon Web Services (AWS) to drive continued innovation in the public sector. Thentia is empowering regulators to seamlessly tap into the company's comprehensive regulatory assurance Software-as-a-Service (SaaS) platform, Thentia Cloud, powered by AWS, fortifying the landscape of regulatory oversight. "We are thrilled to be working with AWS as we persist in our commitment to deliver an enhanced experience for government agencies and regulatory entities globally." says Julian Cardarelli, CEO, Thentia. "By leveraging the power of AWS, we solidify our position as a clear leader and a versatile multi-cloud provider in our category, affirming our commitment to ongoing excellence." Cardarelli adds, "With our world-class, fully integrated regulatory assurance platform now accessible on AWS, we strengthen our commitment to empower the public sector with sophisticated tools for unparalleled efficiency in fulfilling their mandate of public protection." Other key benefits of Thentia's relationship with AWS include working with AWS engineers and architects to optimize Thentia Cloud's performance, security, compliance, and reliability. Partnering with AWS also helps ensure that Thentia Cloud remains at the forefront of the latest advances in cloud computing. Designed for regulators by regulators, Thentia Cloud digitizes, streamlines, and consolidates all essential regulatory functions within a single and secure cloud-based environment. The platform is designed to empower regulators with a comprehensive 360-degree view of all licensee activities, giving them a much more modern, streamlined, and efficient way to work and ultimately meet their regulatory obligation to safeguard the public. Trusted by millions of licensed professionals, businesses, and entities globally, Thentia has been recognized by regulators worldwide for its enhanced blend of technological innovation and regulatory proficiency. In addition to AWS, Thentia Cloud is available on other cloud providers including Google Cloud, IBM Cloud, and Microsoft Azure. About Thentia Thoughtfully built for regulators, by regulators, Thentia is driving regulatory transformation for hundreds of regulators and regulatory agencies worldwide with a platform that handles all key department functions including licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, data analysis, and more. Thentia Cloud empowers regulators to transcend the constraints of legacy processes, custom-built solutions, and a web of disparate applications with a single unified 360-degree platform, setting new standards in efficiency and effectiveness. Thentia Cloud is available on all major cloud providers, including Google Cloud, Amazon Web Services (AWS), IBM Cloud, and Microsoft Azure.

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