Daily Roundup

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Acusensus Expands Enforcement Contract in Western Australia

Acusensus, the traffic enforcement technology company, has announced a significant expansion of its agreement with the Western Australian government. The company will be deploying six additional trailer-based enforcement units throughout the state over the coming months, doubling the number of its transportable multi-function units in operation. This expansion underscores the effectiveness of Acusensus' unique platform in changing driver behaviors and supporting the WA Road Safety Commission's efforts to enhance road safety and reduce casualties.

Connexion Mobility Partners with GM Canada

In other news, Connexion Mobility has signed an agreement with General Motors Canada to provide its OnTRAC software platform as part of GM Canada's national launch of its Enhanced Exposure Program. This program aims to support GM's retail network in offering rental, courtesy transportation, and test drive experiences to customers. The collaboration will leverage Connexion's connectivity solutions to give dealers the tools they need to effectively manage these services.

Elanor Investors Group Achieves Key Milestones

Elanor Investors Group has announced several important developments in its business reset strategy. Securityholders have approved a recapitalization with Rockworth Capital Partners, which will help repay existing debt and stabilize the company's balance sheet. Elanor has also executed an asset realization program, including the sale of its co-investment in the Elanor Wildlife Park Fund. Additionally, the group has repaid $21 million of its senior secured facility. These steps are part of Elanor's efforts to strengthen its corporate governance and reposition the business for growth, including expanding its institutional capital partnerships and accessing Asian-based capital.

CSL Announces CEO Transition

In a leadership change, CSL Limited has announced the retirement of Dr. Paul McKenzie as Chief Executive Officer and Managing Director. The Board of Directors has appointed Gordon Naylor, a former senior executive at CSL, as the interim CEO and MD. Naylor brings a wealth of experience and deep knowledge of the company, having played a key role in CSL's global expansion over his 33-year tenure. The Board is confident in Naylor's ability to execute CSL's strategic transformation and deliver for patients, public health, and shareholders.

Pilbara Minerals Secures Offtake Agreement

Pilbara Minerals Ltd (PLS) has executed a binding two-year offtake agreement with Canmax Technologies Co. Ltd for the supply of 150,000 tonnes per annum of spodumene concentrate. The agreement includes a floor price of US$1,000 per tonne, providing downside protection while preserving full upside leverage. Canmax will also provide a US$100 million unsecured, interest-free prepayment to PLS, enhancing the company's near-term liquidity and demonstrating Canmax's confidence in the partnership and the long-term lithium market.