Latest news with #NDT
Business Upturn
16-07-2025
- Business
- Business Upturn
Kenyan Cabinet Secretary Supports Private Sector Civic-Led National Digital Token as Symbol of Identity and Innovation
Nairobi, July 15, 2025 (GLOBE NEWSWIRE) — Nairobi, 13 July 2025 — In a significant endorsement of private sector innovation, the Cabinet Secretary for the Ministry of Information, Communications and the Digital Economy (MICDE), Hon. William Kabogo, today lauded a new civic digital initiative designed to celebrate Kenya's national identity, technological advancement, and inclusive participation in the country's burgeoning digital future. The statement, released via a video on the social media platform X, highlighted the government's support for citizen-driven projects that align with Kenya's 'Silicon Savannah' reputation. The Cabinet Secretary specifically discussed the Kenya Token ($KDT), a national digital token launched today on the Meteora decentralized platform and promoted on X under the hashtag #Kenya_NDT. In his remarks, Hon. Kabogo emphasized that the token is a purely private sector initiative, developed and distributed independently by Kenyan innovators. He praised this model as a powerful example of how public and private sector goals can converge to benefit the nation. 'The Kenya Token is a powerful testament to the ingenuity and forward-thinking spirit of our nation's innovators,' stated Hon. Kabogo. 'It is not merely a digital asset; it is a symbol of our shared identity and a beacon of what can be achieved when the private sector takes a civic-minded lead in shaping our digital destiny. This initiative perfectly complements the government's Digital Transformation Agenda by fostering digital literacy and economic empowerment from the ground up.' He further highlighted how such public-private collaboration can foster immense civic pride, drive meaningful economic inclusion, and enhance Kenya's global visibility as a tech powerhouse. He issued a call to action, encouraging all citizens, including the vibrant Kenyan diaspora, to engage with the project, learn about its potential, and help showcase Kenya's undisputed leadership in digital innovation across Africa. The project's technical foundation is the Solana blockchain, chosen for its high speed, global scalability, and exceptionally low transaction costs, making it ideal for a project aiming for mass adoption. Inspired by Solana's IBRL (Increase Bandwidth, Reduce Latency) AI Agent Framework, the Kenya Token project extends this vision beyond technical performance into a social mission for open access and equality. The initiative aims to empower every Kenyan citizen to participate freely and equitably in the digital world, breaking down traditional barriers to entry. The Ministry confirmed that it is monitoring innovations like the Kenya Token with keen interest. A spokesperson stated that the MICDE will continue to engage with stakeholders across the tech ecosystem to explore clear regulatory and strategic pathways. The goal is to create a supportive framework that encourages responsible, secure, and citizen-centered digital development, ensuring that Kenya remains at the forefront of the global digital economy. Building on this momentum, the Kenya Digital Token (KDT) project exemplifies these values and ambitions in action. $KDT (Kenyan Digital Token) is a next-generation digital token built on the Solana blockchain, designed to expand financial access, digital identity, and community-driven economic participation across Kenya. Inspired by Solana's IBRL (Increase Bandwidth, Reduce Latency) framework, $KDT reimagines blockchain as infrastructure for inclusion—deploying tools like pre-installed wallets, AR-powered education, and on-chain rewards in underserved regions like Kibera. With a mission to onboard 55 million Kenyans into the digital economy, $KDT marks a bold step toward open access and real-world Web3 adoption. This innovative project is expected to have a lasting positive impact on Kenya's digital landscape. Source ### For more information about The Ministry of Information, Communications and the Digital Economy (MICDE), contact the company here: The Ministry of Information, Communications and the Digital Economy (MICDE)The Ministry of Information, Communications and the Digital Economy (MICDE)+254-020-492000 [email protected] GPO TelPosta Towers, Koinange Street, Nairobi, Kenya
Business Wire
15-07-2025
- Business
- Business Wire
Acuren Corporation Announces Expiration of Go-Shop Period under Merger Agreement with NV5 Global, Inc.
TOMBALL, Texas--(BUSINESS WIRE)--Acuren Corporation (NYSE: TIC) (' Acuren ') today announced the expiration of the 60-day 'go-shop' period ('Go-Shop Period') in connection with the previously announced Agreement and Plan of Merger with NV5 Global, Inc. ('NV5', Nasdaq: NVEE), dated as of May 14, 2025 (the 'Merger Agreement'). During the Go-Shop Period, NV5 was permitted to solicit and enter into negotiations with third parties that made a proposal or offer to acquire NV5. The Go-Shop Period expired at 11:59 p.m. ET on July 14, 2025. NV5 did not receive an NV5 Superior Proposal (as such term is defined in the Merger Agreement) during the Go-Shop Period. The transactions contemplated by the Merger Agreement (the 'Transactions') are expected to close in August of 2025, subject to customary closing conditions, including approval of each of Acuren and NV5's stockholders and receipt of regulatory approvals. About Acuren Acuren is a leading provider of critical asset integrity services. Acuren operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection, Certification, and Compliance (TICC) including Nondestructive Testing (NDT) in the field and the laboratory and in-lab destructive testing capabilities. More information can be found at About NV5 NV5 Global, Inc. (NASDAQ: NVEE) is a leading provider of tech-enabled engineering, testing, inspection, and consulting solutions for the built environment. NV5 specializes in engineering design, asset management, and geospatial data analytics to support infrastructure resilience and building systems performance throughout the entire asset lifecycle. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the NV5's website at Caution Concerning Forward-Looking Statements Certain statements in this press release concerning the Transactions, including any statements regarding the expected timetable for completing the Transactions, and any other statements regarding NV5's or Acuren's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts are 'forward-looking' statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words 'anticipate,' 'believe,' 'ensure,' 'expect,' 'if,' 'intend,' 'estimate,' 'probable,' 'project,' 'forecasts,' 'predict,' 'outlook,' 'aim,' 'will,' 'could,' 'should,' 'would,' 'potential,' 'may,' 'might,' 'anticipate,' 'likely' 'plan,' 'positioned,' 'strategy,' and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements include statements regarding the expected closing (the 'Closing') of the Transactions. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the possibility that stockholders of NV5 may not approve the Merger Agreement or stockholders of Acuren may not approve the issuance of Acuren common stock in the Transactions; the risk that a condition to Closing of the Transactions may not be satisfied, that either party may terminate the Merger Agreement or that the Closing might be delayed or not occur at all. Additional factors that could cause results to differ materially from those described above can be found in NV5's Annual Report on Form 10-K for the year ended December 28, 2024, as amended, which is on file with the SEC and available from NV5's website at under the 'Investor Relations' tab, and in other documents NV5 files with the SEC; and in Acuren's Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the SEC and available from Acuren' website at under the 'Investor Relations' tab, and in other documents Acuren files with the SEC. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither NV5 nor Acuren assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. Participants in the Merger Solicitation NV5, Acuren and their respective directors and certain of their executive officers and other members of management and employees may be deemed, under SEC rules, to be participants in the solicitation of proxies from NV5's stockholders and Acuren's stockholders in connection with the Transactions. Information regarding the executive officers and directors of Acuren is included in its Annual Report on Form 10-K filed with the SEC on March 27, 2025. Information regarding the executive officers and directors of NV5 is included in its amendments to its Annual Report on Form 10-K/A filed with the SEC on April 28, 2025 and May 30, 2025. Additional information regarding the persons who may be deemed participants and their direct and indirect interests, by security holdings or otherwise, is contained in the Registration Statement and other related materials which may be filed with the SEC in connection with the Transactions. Free copies of these documents may be obtained as described in the paragraphs above. No Offer or Solicitation This press release does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Important Additional Information Regarding the Transaction In connection with the Transactions, Acuren filed a registration statement on Form S-4 (the 'Registration Statement') with the SEC, which includes a joint proxy statement/prospectus of Acuren and NV5. Information in the joint proxy statement/prospectus may be changed. The Registration Statement was declared effective on June 27, 2025. Each of Acuren and NV5 delivered the definitive joint proxy statement/prospectus relating to the Transactions to their respective stockholders of record as of June 30, 2025, commencing on or about July 2, 2025. Stockholders of Acuren and NV5 and other interested persons are encouraged to read, when available, the definitive joint proxy statement/prospectus as well as other documents filed or to be filed with the SEC because these documents will contain important information about Acuren, NV5 and the Transactions. Investors and security holders may also obtain a copy of the Registration Statement, including the definitive joint proxy statement/prospectus, and other documents filed with the SEC by Acuren or NV5 without charge at the SEC's website (
Business Wire
08-07-2025
- Business
- Business Wire
Acuren Corporation Announces Upcoming Participation in the CJS Securities 25th Annual 'New Ideas' Summer Conference
TOMBALL, Texas--(BUSINESS WIRE)--Acuren Corporation (NYSE: TIC) (the ' Company ' or ' Acuren '), a leading provider of critical asset integrity services, today announced that its senior leadership will be participating in the CJS Securities 25th Annual 'New Ideas' Summer Conference on Thursday, July 10 th, 2025 in White Plains, NY. About Acuren: Acuren is a leading provider of critical asset integrity services. The company operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection, Certification, and Compliance (TICC) including Nondestructive Testing (NDT) in the field and the laboratory and in-lab destructive testing capabilities. More information can be found at
New Straits Times
01-07-2025
- Business
- New Straits Times
DOSH announces stable gas supply for Putra Heights homes
KUALA LUMPUR: Stable gas supply will be restored through temporary piping to houses in Putra Heights affected by the April 1 gas pipeline fire, starting today. According to the Department of Occupational Safety and Health (DOSH), a temporary gas pipeline measuring approximately 210 metres in length has been installed to replace the pipe damaged in the incident. "Soil improvement and stabilisation were carried out at the site using a bridge foundation support structure measuring approximately eight metres by 100 metres to provide stronger support for the pipeline," DOSH said in a statement today. In addition, to ensure maximum safety, several stringent tests were conducted, including non-destructive testing (NDT) on welded joints and a 24-hour pressure test. It added that test results confirmed by DOSH and an independent third party showed no leakage or pressure drop. Phase Two of the project will involve replacing three gas pipelines, each approximately 200 metres long, at the affected sites. These pipes will be laid on concrete slab structures to ensure long-term safety and durability. "The engineering design for this phase is currently being finalised, with operations expected to commence in the third quarter of next year," it said. In addition, several geotechnical studies, including soil mapping, rock layer analysis, and ground movement monitoring, have been conducted to ensure the overall stability of the installation site. As an additional safety measure, Petronas has been instructed to provide real-time monitoring access to the pipe isolation valve system, enabling rapid closure in the event of an emergency. The department also assured that all work will be closely monitored and conducted impartially to safeguard the safety of workers, residents, and nearby businesses. "DOSH understands the urgent need for residents and businesses to have a safe and stable gas supply restored as soon as possible. We are committed to monitoring every stage of this project to ensure it is carried out responsibly and to restore consumer confidence in the safety of the gas pipeline system in the area," it added. The April 1 fire incident caused 81 homes to be completely destroyed, with structural damage exceeding 40 per cent; 81 homes partially damaged; 57 homes affected but not burned; and 218 homes left unaffected. - BERNAMA
Sinar Daily
01-07-2025
- General
- Sinar Daily
Putra Heights residents to receive gas supply starting today
A temporary gas pipeline measuring approximately 210 metres in length has been installed to replace the pipe damaged in the incident. 01 Jul 2025 03:12pm In addition, to ensure maximum safety, several stringent tests were conducted, including non-destructive testing (NDT) on welded joints and a 24-hour pressure test. - Bernama file photo KUALA LUMPUR - Residents of Putra Heights affected by the April 1 gas pipeline fire can now breathe a sigh of relief, as stable gas supply begins to be restored through temporary piping starting today. According to the Department of Occupational Safety and Health (DOSH), a temporary gas pipeline measuring approximately 210 metres in length has been installed to replace the pipe damaged in the incident. In addition, to ensure maximum safety, several stringent tests were conducted, including non-destructive testing (NDT) on welded joints and a 24-hour pressure test. - Bernama file photo "Soil improvement and stabilisation were carried out at the site using a bridge foundation support structure measuring approximately 8 metres by 100 metres to provide stronger support for the pipeline,' DOSH said in a statement today. In addition, to ensure maximum safety, several stringent tests were conducted, including non-destructive testing (NDT) on welded joints and a 24-hour pressure test. It added that test results confirmed by DOSH and an independent third party showed no leakage or pressure drop. It added that Phase Two of the project will involve replacing three gas pipelines, each approximately 200 metres long, at the affected sites. These pipes will be laid on concrete slab structures to ensure long-term safety and durability. "The engineering design for this phase is currently being finalised, with operations expected to commence in the third quarter of next year,' it said. In addition, several geotechnical studies, including soil mapping, rock layer analysis, and ground movement monitoring, have been conducted to ensure the overall stability of the installation site. As an additional safety measure, Petronas has been instructed to provide real-time monitoring access to the pipe isolation valve system, enabling rapid closure in the event of an emergency. The department also assured that all work will be closely monitored and conducted impartially to safeguard the safety of workers, residents, and nearby businesses. "DOSH understands the urgent need for residents and businesses to have a safe and stable gas supply restored as soon as possible. We are committed to monitoring every stage of this project to ensure it is carried out responsibly and to restore consumer confidence in the safety of the gas pipeline system in the area,' it added. The April 1 fire incident caused 81 homes to be completely destroyed, with structural damage exceeding 40 per cent, 81 homes partially damaged, 57 homes affected but not burned, and 218 homes left unaffected. - BERNAMA More Like This
