Replies to post #23795 on XNRGI Inc fka NPWZ

[ShortonCash]

Newly listed Advisor to Neah Power Systems..
Funny the link between DUBAI, United Arab Emirates and Chenghung chen had previously held various positions with The Carlyle Group (AP) — A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s investment strategy as it weathers a slump in oil prices.

The decision by Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan, will combine Mubadala Development Company and the International Petroleum Investment Company into a new entity that will hold roughly $135 billion in assets across businesses ranging from computer chips to renewable energy.


Both companies are owned by Abu Dhabi, the oil-rich capital of the seven-state Emirates federation, which includes the Gulf commercial hub of Dubai.

State news agency WAM said the tie-up would “create greater benefits and enhanced economic value” for the Abu Dhabi government.

The drop in oil prices over the past two years has led to a widening deficit and a slowdown in the UAE economy, and has prompted the government to cut back on generous energy subsidies. Abu Dhabi controls the bulk of the OPEC member’s 98 billion barrels of oil reserves, the world’s seventh largest.

Mubadala’s holdings include semiconductor maker Globalfoundries and renewable energy company Masdar, as well as stakes in Fairfield, Connecticut-based General Electric Co. and Washington-based private equity firm The Carlyle Group.

DUBAI, United Arab Emirates (AP) — A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s investment strategy as it weathers a slump in oil prices.

The decision by Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan, will combine Mubadala Development Company and the International Petroleum Investment Company into a new entity that will hold roughly $135 billion in assets across businesses ranging from computer chips to renewable energy.


Both companies are owned by Abu Dhabi, the oil-rich capital of the seven-state Emirates federation, which includes the Gulf commercial hub of Dubai.

State news agency WAM said the tie-up would “create greater benefits and enhanced economic value” for the Abu Dhabi government.

The drop in oil prices over the past two years has led to a widening deficit and a slowdown in the UAE economy, and has prompted the government to cut back on generous energy subsidies. Abu Dhabi controls the bulk of the OPEC member’s 98 billion barrels of oil reserves, the world’s seventh largest.

Mubadala’s holdings include semiconductor maker Globalfoundries and renewable energy company Masdar, as well as stakes in Fairfield, Connecticut-based General Electric Co. and Washington-based private equity firm The Carlyle Group.

[ShortonCash]

Wonder what became of the this and the Large south African based entity
NEAH POWER SYSTEMS SIGNS MEMORANDUM OF UNDERSTANDING WITH SOUTH AFRICAN ENTITY

Posted on December 23, 2015 by Neah Power
Licensing deal for serving the fast growing Africa market

Bothell, WA (Date, 2015) – Neah Power Systems, Inc. (OTCBB: NPWZ, NEAH POWER) an emerging leader in fuel cell-based power solutions and rechargeable lithium battery storage solutions for defense, commercial, and consumer applications, proudly announced that the Company has signed a memorandum of understanding (MOU) with a large South Africa based entity, to license the NEAH’s technology. This license would include the PowerChip® fuel cell technology, the Formira HOD® technology and theBuzzBar technology.

Chris D’Couto, President and CEO of NEAH POWER said, “We are pleased to announce this MOU with a well-established, significant South Africa entity (SAE). As we continue to innovate and develop products, this relationship will enable cost effective manufacturing in one of the fastest growing markets for these products, as well as the ability to get high volume supply from this factory to meet our worldwide needs”.

The Company and the entity are working diligently to finalize certain financial details including upfront license payments, equipment purchase and installation support payments, and royalty payments on a go-forward basis. The Company and the SAE expect to create a joint venture where the Company would have partial ownership. The Company is expected to release more details about this important strategic venture, and expects to formalize the various agreements, in first quarter of 2016.


Miller is chairman of NEAH Global Energy Solutions, a Dubai-based holding company incorporated in 2012 to provide integrated risk-management services to oil and gas, mining and manufacturing concerns doing business in Sub-Saharan Africa.

Working remotely from Wilmington, he oversees more than 500 GES employees who keep private- and public-sector clients out of harm’s way.


http://www.wilmingtonbiz.com/entrepreneurs/2016/12/16/wilmington_executive_making_business_safer_in_africa/15608

As part of its strategy to aggressively build its commercial business lines on the African continent, NEAH GES has appointed Carlyle co-founder Stephen Norris to its advisory board. NEAH is looking to tap into his substantial private equity investment and transaction expertise as well as his rolodex of relationships to expand its business in Africa.

GES Africa’s business divisions focus on a number of industry sectors, including power generation, infrastructure, maritime, aviation, ground logistics and emergency medical services. According to the press release, the appointment is expected to boost GES relationships across Africa with potentially major clients among oil, gas, mining and heavy industry businesses, as well as with local and sovereign governments.

Stephen Norris is currently Chair of his eponymous firm, Stephen Norris Capital Partners.

[ShortonCash]

He is currently an advisor to XNRGI on linkedin an to Neah Power on his own website along with being an investor..

https://www.linkedin.com/in/chenghung/

Chenghung is the Founder & CEO of Corniche Capital Holdings, an investment firm with over 50 portfolios. He was a Principal at Abu Dhabi Investment Council, one of the largest SWFs, where he had a catch-all mandate to invest and manage global direct/fund investments in all sectors and asset classes across the capital structure – he was the lead for over 20 investments. He had previously held various positions with The Carlyle Group, HBK Investments, UBS, and FedEx as well as board/board observer positions in companies such as NGM Biopharmaceuticals, Village Roadshow Entertainment Group, zSpace, ConforMIS, Allied Gold Corp., Allied Resources Limited, and Kito Corporation. He is currently an advisor to Intarcia Therapeutics, Lucidity Lights, seven dreamers laboratories, Knot Standard, Trusted Insight, Paack, Black Cube Solutions, DEWIonline, and XNRGI. Chenghung is also currently an active panel member at FundersClub and a mentor at TURN8, a startup accelerator program in Dubai. He received his B.S. in Operations Research from Columbia University, MBA from Harvard Business School, and MPA from Harvard Kennedy School.

https://angel.co/chenghung
ADVISOR
Trusted Insight, Neah Power Systems, Rishar, paack