Wednesday, UTEK Corp. (UTK, UTK.L) said it assisted Artilium Plc (ARTA.L) with its recently announced acquisition of Trisent Communications Ltd.UTEK said that the acquisition has provided Artilium with Trisent's technology, which enables mobile network operators to deliver services to subscribing customers based on the geographic location of their mobile phones.UTEK also said that Trisent's Tri-Cell Intelligent Location System, offers real-time tracking service like GPS, but does not use satellites or require equipment to be installed on the network. The technology works by using standard phone handsets and offers several advantages over GPS, including significant cost savings, lower battery requirements, increased indoor coverage.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.