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Visit One News Page for Marine news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Marine news headlines.

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    SUZHOU, China, Oct. 29, 2018 /PRNewswire/ -- PEACE Cable International Network Co., Ltd, a subsidiary of HENGTONG, is pleased to announce today, in conjunction with Huawei Marine Networks Co. Ltd, that the PEACE Cable project has entered into the cable and material manufacturing stage. The PEACE Cable system spanning 12,000 km will connect Asia, Africa and Europe and is targeted to be ready for service in the first quarter of 2020.

    Once completed, the high-speed, 200G, 16Tbps per fiber pair PEACE Cable system will offer the shortest routes from China to Europe and Africa, dramatically reducing latency and providing a new information expressway for interconnection between the regions. The system's open access and carrier neutral data centers will have a big impact in the countries connected to the cable system.

    This project's cable being used are from Hengtong Marine Cable Systems, whose submarine cables have been applied globally in recent projects such as the FOA project in Chile, the PNG project in Papua New Guinea, Avassa project in Comoros, the NaSCOM project in the Maldives, the Megacable project in Mexico, and the IGW project in Peru.

    Sun Xiaohua, Chief Operating Officer of PEACE Cable said, "PEACE Cable has created a new business model in the submarine cable industry that builds a bridge for these regions' communications and provides connectivity opportunities to players all along the route by investing in the branches and gaining bandwidth on the trunk efficiently."

    About PEACE Cable Project

    PEACE Cable Project is a privately owned cable system of 12,000 km and provides open, flexible and carrier-neutral services for its customers.

    The system design will adopt the latest 200G technology and WSS technology, which provides the capability to transmit over 16Tbit/s per fiber pair, servicing growing regional capacity needs.

    This network will provide a cost-effective, diverse route for the escalating demand for capacity among Asia, Africa and Europe, and the topology will substantially reduce network latency by adopting shortest direct route connectivity and enhancing route diversity between them.

    Related Links : Reported by PR Newswire Asia 14 hours ago.

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    Big brands - from Coke to Kellogg - pledged on Monday to cut all plastic waste from their operations in what the United Nations called the most ambitious effort yet to fight plastic pollution.

    The intiative comes as public pressure mounts on manufacturers and retailers to pare back the deluge of plastic packaging that is clogging landfills and choking the seas.

    "We know that cleaning up plastics from our beaches and oceans is vital, but this does not stop the tide of plastic entering the oceans each year. We need to move upstream to the source of the flow," said Ellen MacArthur, the record-breaking British sailor who is behind the plastic initiative.

    The pledge by 250 organisations included many of the world's biggest packaging producers, leading consumer brands, retailers and recyclers, as well as governments and NGOs.

    The Ellen MacArthur Foundation launched its New Plastics Economy Global Commitment in collaboration with the United Nations Environment Programme (UNEP).

    Signatories promised to eliminate single-use and unnecessary plastic and to innovate so that all packaging could be recycled, with targets to be reviewed regularly and updates posted on their progress to drive momentum, the Foundation said.

    UNEP has estimated that if current pollution rates continue, there will be more plastic in the sea than fish by 2050, as 8 million tonnes of bottles and waste swamp the oceans each year, killing marine life and entering the food chain.

    "Most efforts 'til now have been focused on cleaning up plastic pollution. This commitment is about eliminating pollution at its source," Rob Opsomer, who leads the foundation's New Plastics Economy initiative, told the Thomson Reuters Foundation.

    Erik Solheim, executive director of UNEP, described the commitment as "the most ambitious set of targets we have seen yet in the fight to beat plastics pollution."

    Last week, the European Parliament voted for a complete ban on single-use plastic items, including straws and cutlery, in a bid to curb pollution.

    Three of the brands that signed up, Coca-Cola, PepsiCo and Nestle, were recently named the world's worst plastic polluters, according to an index by the Break Free From Plastic movement.

    In North America, these three brands accounted for 64 percent of all plastic pollution identified in cleanups, according to the analysis.

    "We are focused on improving the sustainability of all of our packaging, regardless of the type, and increasing the amount of recycled and renewable material," Ben Jordan, senior director of environmental policy at Coca-Cola, told the Thomson Reuters Foundation.

    PepsiCo said it had made a number of pledges in a bid to "build a PepsiCo where plastics need never become waste".

    "Protecting our planet is hugely important to us. We are committed to achieving 100 percent recyclable, compostable or biodegradable packaging by 2025," PepsiCo spokesman Gian-Carlo Peressutti told the Thomson Reuters Foundation. 

    Article Type: 
    United Nations
    Mon, 29 Oct 2018-07:48am
    Date updated: 
    Monday, 29 October 2018 - 7:48am
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    Highlights:  Reported by DNA 13 hours ago.

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    Sale by tiny island nation is first with expressed purpose of protecting marine life Reported by 11 hours ago.

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    The federal government has picked marine ecologist Ian Poiner to head the Great Barrier Reef Marine Park Authority, an agency which oversees the world's largest collection of coral reefs. Reported by Brisbane Times 9 hours ago.

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    *Lead–Acid Battery Market by Construction (Flooded, VRLA), by Type (Standby, Motive, SLI), by Application (Automotive [Non-Electric Vehicles, Electric Vehicles, Transport Vehicles, Forklifts], Utilities, Oil & Gas, Construction, Telecommunication, Marine, UPS, Leisure), by Geography (U.S., Canada, Germany, France, Spain, U.K., China, Japan, India, Brazil, Mexico, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023*NEW YORK, Oct. 29, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, lead–acid battery market is projected to reach $70.7 billion by 2023. Increasing demand for electric vehicles and automobiles coupled with urbanization and industrialization in emerging economies are likely to create demand for applications of lead–acid batteries and thus expected to propel the market growth during the forecast period.

    *Request to get the sample pages:*

    On the basis of construction, the lead–acid battery market is categorized into flooded and valve regulated lead–acid (VRLA). Traditionally, flooded lead-acid battery held the larger share in the market, contributing more than 51.0% in terms of volume. This is in coherence with its cost-effectiveness for entry level start-stop vehicles over its counterpart. Additionally, increasing application of flooded lead–acid battery in marine applications is further estimated to augment its demand in the future.

    Based on type, the market for lead–acid battery is bifurcated into standby, motive, and starting, lighting, and ignition (SLI). In 2017, SLI category was the largest type in the market, constituting a market share of more than 55.0% in terms of volume. The wide range of advantages such as high durability, reliability, and low maintenance requirements are likely to increase its penetration in the automotive sector, which in turn, will drive its demand in the market during the forecast period.

    Browse report overview with 165 tables and 26 figures spread through 169 pages and detailed TOC on *"Lead–Acid Battery Market by Construction (Flooded, VRLA), by Type (Standby, Motive, SLI), by Application (Automotive [Non-Electric Vehicles, Electric Vehicles, Transport Vehicles, Forklifts], Utilities, Oil & Gas, Construction, Telecommunication, Marine, UPS, Leisure), by Geography (U.S., Canada, Germany, France, Spain, U.K., China, Japan, India, Brazil, Mexico, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023"* at: **

    On basis of application, the lead–acid battery market is classified into automobile, utilities, construction, telecommunication, marine, leisure, uninterrupted power supply (UPS), and others. The others category comprises military and mining applications. Automotive was the largest application area in the market, contributing more than 65.0% share in terms of volume in 2017. This is ascribed to significant battery life; low cost; and high performance, a trait characteristic of lead-acid battery.

    Globally, the lead–acid battery market is expected to witness the fastest growth in APAC, in terms of volume, with 4.2% CAGR during the forecast period. This growth can be majorly attributed to growing demand of lead–acid batteries for applications in automotive sector and telecommunication networks. Furthermore, in addition to the aforementioned factor, increasing use of UPS in industrial sectors such as oil and gas, manufacturing, chemical, and healthcare are likely to open up new growth opportunities for the lead–acid battery market in the region.

    *Make enquiry before placing the order:*

    Some of the major players operating in the global lead–acid battery market include Johnson Controls International plc, GS Yuasa Corporation, Exide Technologies, EnergySys Limited, Fujian Quanzhou Dahua Battery Co. Ltd., B.B. Battery Co. Ltd., Yokohama Industries Berhad, Hitachi Chemical Energy Technology Co. Ltd., C&D Technologies Inc., ATLASBX Co. Ltd., AC Delco Corporation, First National Battery Corporation, and Amara Raja Corporation.

    *More Reports by P&S Intelligence*

    *Proppant Market*

    North America continues to hold the largest share in the proppant market. It contributed more than 70.0% share to the market in 2017. The growth of the market in the region is mainly driven by increased material loading levels and moderate recovery in oil prices. In addition, longer laterals are being utilized to boost natural gas production in region, which, in turn, requires the use of the sand material for fracturing purposes.


    *Hot Melt Adhesives Market*

    Asia-Pacific (APAC) is the fastest growing hot melt adhesives market. The market revenue in the region is expected to witness a CAGR of 6.7% during the forecast period. This is attributed to the increasing need of high-performance materials across various applications and industries such as automotive and electronics, in the region.


    *About P&S Intelligence*

    P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.


    P&S Intelligence

    Toll-free: +1-888-778-7886 (USA/Canada)

    International: +1-347-960-6455



    *Connect with us: *LinkedIn* | *Twitter* | *Google +* | *Facebook Reported by GlobeNewswire 8 hours ago.

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    PLC UUTECHNIC GROUP OYJ STOCK EXCHANGE RELEASE, 29 October 2018 at 9:00 a.m.  


    This business review presents the key figures of Uutechnic Group's continuing operations, main events in January-September 2018 and comparison figures for the previous year. The figures are unaudited.

    Uutechnic Group's turnover from continuing operations for 1 January-30 September 2018 was EUR 16.5 million (12.8 million), and its operating profit was EUR 1.7 million (0.5 million). The order book of Uutechnic Group's continuing operations stood at EUR 9.4 million (8.6 million) on 30 September 2018. The comparable order book of the Group's continuing operations, disregarding revenue recognition in accordance with IFRS 15, stood at EUR 11.5 million.

    On 28 September 2018, Plc Uutechnic Group Oyj announced that the sale of 81% of Japrotek Oy Ab's shares to the company's management was completed mainly as announced on 4 June 2018. In the Group's financial reporting, Japrotek Oy Ab is classified under discontinued operations and it is included in the Group's consolidated statement of income until 28 September 2018. The result of discontinued operations for the financial year stood at approximately EUR -1.2 million on 30 September 2018. The transaction sees Uutechnic Group focus increasingly on developing its mixing technology business in accordance with its strategy.


    *Key Figures, T EUR* *1-9 2018
    9 months* *1-9 2017
    9 months* *7-9 2018
    3 months* *7-9 2017
    3 months* *1-6 2018
    6 months* *1-6 2017
    6 months* * 1 - 12 2017
    12 months*
    Turnover, continuing operations 16 538 12 782 6 517 4 293 10 020 8 489 19 077
    Operating profit/loss, continuing operations 1 688 514 941 306 747 208 1 196
    Operation profit/loss continuing operations % 10 % 4 % 14 % 7 % 7 % 2 % 6 %
    Order backlog at the end of the period, continuing operations 9 355 8 555 9 355 8 555 9 365 7 769 8 049

    Uutechnic Group has implemented IFRS15 -standard Revenue from Contracts with Customers as accounting policy in the consolidated financial statement from 1.1.2018. In the implementation the reliefs allowed in the retrospective application has been applied so that the effect of applying IFRS15 is recognized as an adjustment to the opening balance of equity as at the date of initial application and the comparison figures have not been adjusted. The change in the revenue recognition principles increased the turnover of the Group's continuing operations by EUR 2.2 million and operating profit by EUR 0.6 million.

    * *

    *Mixing technology business*

    As planned, the order book has developed better than in the previous year. The record-high order book has been successfully converted into turnover and delays in deliveries have been avoided thanks to an increase in production capacity. 

    Production will be at full capacity in the fourth quarter and the order book for next year is larger than it was at the corresponding time last year. The recent difficulties experienced by component suppliers may be seen as a temporary decline in delivery reliability.

    The efficiency improvement programme launched this year has progressed according to plan.


    *Roll and pipe business*

    In the third quarter, the demand for rolls was very stable in the forest and energy industries.

    The demand for paper machine rolls was on a par with the first half of the year. However, the increase in the demand for pulp and packaging board was seen as a substantial increase in the demand for rolls and cylinders for packaging board and pulp drying machines.

    The demand for special pipes and structures manufactured for marine and offshore customers remained very low.

    New orders have been received at a steady rate throughout the year in the roll and pipe business, and production capacity has been fully utilised. The order book is at a good level, extending to the first quarter of 2019.

    All of Uutechnic Group's continuing business operations are reported under one segment.

    * *

    * *


    28.02.2018  Review of the financial statements for 1 January - 31 December 2017

    09.03.2018  Financial statements, corporate governance statement and remuneration statement for 2017 published

    19.0.32018  Invitation to the annual general meeting of Plc Uutechnic Group Oyj

    23.03.2018  Uutechnic Group received a remarkable order for complete delivery to Norway

    12.4.2018  The resolutions of the annual general meeting of Plc Uutechnic Group Oyj and the decisions of the board of directors

    27.04.2018  Uutechic Group's business review from January to March 2018

    04.06.2018  Uutechnic Group to sell 81% of Japrotek Oy Ab's shares to the company's management. The implementation of this transaction is conditional on the final decisions of the financiers.

    29.06.2018  Finalization for selling majority of Japrotek Oy Ab's shares is postponed, financial negotiations will continue.

    27.07.2018  Half Year Report 1 January - 30 June 2018

    17.09.2018  FIN-FSA impose penalty payment of EUR 50.000 on previous Vaahto Group Olc Oyj for violation of disclosure obligation

    28.09.2018  The sale of 81% Japrotek Oy Ab*s shares to the company's management, announced on June 4^th 2018, is completed

    *Stock exchange releases published after the review period*

    25.10.2018  Changes in Plc Uutechnic Group Oyj's management team


    In Uusikaupunki October 29, 2018

    **PLC UUTECHNIC GROUP OYJ*Board of Directors

    Further information:

    Jouko Peräaho, CEO Plc Uutechnic Group Oyj, +358 500 740 808



    Uutechnic Group is focused on improving the competitiveness of its customers by providing them advanced equipment technology and unique service concept worldwide. The product range includes agitators, different types of pressure vessels, process- and storage tanks, reactors and heat exchangers. Additionally, different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.

    The main industries are hydrometallurgy, mining-, pulp and paper-, food-, fertilizer-, other chemical industries and environmental technology.

    Plc Uutechnic Group's subsidiaries are AP-Tela Oy, Uutechnic Oy and Stelzer Rührtechnik International GmbH. Reported by GlobeNewswire 8 hours ago.

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    A new regulation targeting the international marine shipping industry could have a widespread impact on the economy, including the price of airline tickets and diesel at the pump. Reported by 7 hours ago.

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    Florida Realtor Susan Alaimo, of RE/MAX 5 Star Realty, spearheads holiday toy donation drive for Toys for Tots.

    HOLLYWOOD, Fla. (PRWEB) October 29, 2018

    Residential agent Alaimo is hosting a holiday toy donation drive for Toys for Tots as part of the NALA’s collective cause marketing program, which encourages business across the country to collect toys during this time of year. New, unwrapped toys can be dropped off at 4151 Hollywood Blvd., Hollywood, FL, from November 1-21.

    “I am honored to do my part for Toys for Tots. RE/MAX wants to show children in need they are not forgotten at Christmas, or at any time,” said Alaimo. “I encourage the community to participate by donating a toy for this worthy cause.”

    Toys for Tots, whose mission is to collect new, unwrapped toys each holiday season and distribute them as Christmas gifts to children in need, is a program run by the United States Marine Corps Reserve, which distributes toys to children who may not otherwise receive a gift for Christmas.

    Toys for Tots plays an active role in developing one of our nation’s most valuable resources, its children. It also unites members of local communities in a common cause each year during its annual toy collection and distribution campaign. Toys for Tots was founded in 1947, and since its inception the Marines have distributed over 530,000,000 toys to more than 244,000,000 children across the United States.

    Susan Alaimo is a condo specialist in Hollywood Beach. She has been a real estate professional since 2001. Alaimo is also a Words of Peace global volunteer.

    About Susan Alaimo, RE/MAX 5 Star Realty
    Susan Alaimo specializes in oceanfront condos and luxury properties. She works with both buyers and sellers. For more information, please call 954-540-8640, or visit

    For media inquiries, please call the NALA at 805.650.6121, ext. 361. Reported by PRWeb 7 hours ago.

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    The final stage of the Wines2Whales Chardonnay race concluded under clear blue skies, overlooking the azure waters of Walker Bay, at The Marine Hotel. Reported by News24 7 hours ago.

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    AIG Appoints Peter Bilsby Global Head of Specialty LONDON--(BUSINESS WIRE)--American International Group, Inc. (NYSE:AIG) announced today the appointment of Peter Bilsby as Global Head of Specialty. In this new role, Mr. Bilsby will report to Christopher Townsend, Chief Executive Officer of AIG General Insurance International, with responsibility for the global Energy, Marine, Aviation and Credit Lines businesses. Since 2016, Mr. Bilsby has served as Chief Executive Officer of the Talbot Group, AIG’s Lloyd’s of London insurance and reinsurance Reported by Business Wire 6 hours ago.

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    This picture has been circulating on the internet as an example of instant karma Reported by Exeter Express and Echo 5 hours ago.

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    *ERRIA A/S Announces Completion
    issuing of new shares*









    On the Extraordinary General meeting held on September 20 2018 the Board received mandate to increase the share capital of the Company with up to nominally DKK  789.668,60 in total by way of cash payment or fully or partially in-kind contributions, equal to 789,668.60 shares each having a nominal value of DKK 1.

    The board of directors (the “Board”) of ERRIA A/S (the “Company”) refers to the following announcements:

    1. its announcements no. 11 and 12 of August 29 and September 20, 2018, respectively summit and minutes of Extraordinary General Meeting giving the Board mandate to increase share capital.
    2. its announcement no. 14 of October 2, 2018 “completion of First Round of Funding and Changes in Ownership” explaining transactions in the capitalization process.




    *Share **issuing*


    The Board has today October 29 2018 used its mandate given in Articles of Associations §19 to issue 789,668 new shares to JPJ Invest Pte. Ltd whom now owns more than 15 percent of the share capital of the Company.The new shares are expected to be listed for trading at Nasdaq First North Denmark October 31 2018.

    The share capital of the Company are now DKK 8,686,354.00 divided into shares of DKK 1.00 each. The Company has changed Articles of Association accordingly.

    As a consequence of the higher share capital C.C.N. holding A/S now owns less than 5 percent of the share capital.

    Peter Kristian Ellegaard                                       Henrik N. Andersen
    Chairman of the Board                                        Group Chief Executive Officer

    For further information, please contact Henrik N. Andersen by phone at +45 3336 4400.





    *Headquartered in Denmark, ERRIA A/S is an international marine and logistics services company with operations in Denmark, Vietnam, Cambodia, Ghana and Venezuela.  With nearly 300 employees and associates across the world, the Erria Group every day serves the needs of container shipping companies, ship owners and several other actors in the shipping and logistics sector.  The Erria A/S stock is traded at the NASDAQ First North Denmark platform (Bloomberg code: ERRI:DK – **ISIN: DK0060101483)**.**




    *Certified Adviser*
    Peter Høgsted
    Kapital Partner ApS
    Havnegade 39
    1058 Copenhagen K
    Phone +45 8988 7846


    · Vedtægter Erria AS - Godkendt 2910-2018 Reported by GlobeNewswire 5 hours ago.

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    SAO PAULO (AP) — The Latest on Brazil's presidential election (all times local):6 a.m.French far-right leader Marine Le Pen has sent a message of encouragement to Brazilian President-elect Jair Bolsonaro.Le Pen wished Bolsonaro... Reported by New Zealand Herald 5 hours ago.

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    Fire, medical and rescue crews across South Florida are now better trained for the next wide-scale emergency, due to a historic collaboration between Sheba Medical Center, Tel HaShomer, the most comprehensive and largest hospital in the Middle East, and Florida Atlantic University’s International Center for Emergency Management. A weeklong intensive training program, led by Sheba’s medical experts, taught first responders how to save the most lives during natural disasters and mass casualty incidents.

    Boca Raton, Florida (PRWEB) October 29, 2018

    South Florida’s first responders now have better skills and training to handle and recover from large-scale emergencies. World-renowned doctors from Israel’s Sheba Medical Center, Tel HaShomer recently taught a weeklong training course at Florida Atlantic University’s International Center for Emergency Management, during which emergency response students learned the best ways to quickly respond and effectively manage disasters.

    The participants in the training reviewed after-action reports from the Fort Lauderdale airport shooting and 2017 hurricane season, visited the Palm Beach Emergency Operations Center and took part in interactive drills, focusing on the best ways to handle a variety of emergency scenarios.

    FAU is now one of the few universities in the world to partner with an international hospital to develop emergency management training programs that are informed with a global perspective and world-respected expertise.

    Leading the intensive course was Prof. Yitshak Kreiss, M.D., former Surgeon General of the Israel Defense Forces (IDF) and Director General of Sheba Medical Center; Prof. Elhanan Bar-On, Director of the Israel Center for Disaster Medicine and Humanitarian Response at Sheba Medical Center; Prof. Kobi Peleg, Director of The National Center for Trauma & Emergency Medicine Research in The Gertner Institute for Health Policy & Epidemiology; Dr. Yoram Klein, Director of Trauma and Acute Surgery at Sheba Medical Center and Dr. Ross Gross, a Senior psychiatrist and PTSD specialist at Sheba. All are renowned experts who have traveled the world administering much-needed care in a wide range of disaster scenarios.

    “It was such an incredible opportunity to work with FAU,” said Prof. Yitshak Kreiss, Director General of Sheba Medical Center. “Sheba and FAU share the same vision when it comes to reaching out to the community and the world during catastrophic events. This training program was an inspiring collaboration and we look forward to working together again.”

    “What FAU benefits from is a partnership with not just any major international hospital, but with the most renowned in the Middle East, whose experts impart wisdom from a lifetime of disaster response and humanitarian missions across the globe. All the experts from Sheba who led this training were exceptional in their experience and their teaching methods,” said Rebekah Dickinson, Chief Program Officer at FAU.

    FAU plans to offer an enhanced version of this training with Sheba next year.

    For more information about the ICEM – academics, research, our leadership, events, and to register for training programs, please visit

    About Sheba Medical Center, Tel Hashomer
    Born together with Israel in 1948, Sheba Medical Center, Tel Hashomer is the largest and most comprehensive medical center in the Middle East. Sheba is the only medical center in Israel that combines an acute care hospital and a rehabilitation hospital on one campus, and it is at the forefront of medical treatments, patient care, research and education. As a university teaching hospital affiliated with the Sackler School of Medicine at Tel-Aviv University, it welcomes people from all over the world indiscriminately. To learn more, visit:

    About Florida Atlantic University
    Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU’s world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of critical areas that form the basis of its strategic plan: Healthy aging, biotech, coastal and marine issues, neuroscience, regenerative medicine, informatics, lifespan and the environment. These areas provide opportunities for faculty and students to build upon FAU’s existing strengths in research and scholarship. For more information, visit Reported by PRWeb 3 hours ago.

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    · Q1 Net Sales Increase 65.7% to $74,689,000, including the impact of the Veth acquisition

    · Gross Profit Percent Improves 110 Basis Points to 32.1% in Q1
    · Q1 EBITDA of $7,986,000 versus the prior year of $442,000
    · Six-Month backlog at $146,336,000 remains strong and increased 133.5% versus the prior year

    RACINE, Wis., Oct. 29, 2018 (GLOBE NEWSWIRE) -- *Twin Disc, Inc. (NASDAQ: TWIN)*, today reported financial results for the fiscal 2019 first quarter ended September 28, 2018. 

    Net sales for the fiscal 2019 first quarter were $74,689,000, compared to $45,064,000 for the same period last year.  The 65.7% increase in fiscal 2019 first quarter net sales was primarily due to the contribution from the Veth Propulsion acquisition, improved demand for the Company’s 8500 series transmission systems and aftermarket components from North American fracking customers, and improved activity in the global commercial marine market.

    Commenting on the results, John H. Batten, President and Chief Executive Officer, said: “We are encouraged with the start of the new fiscal year as a result of the favorable contribution of Veth Propulsion and improving global demand across many of our end markets.  Throughout the year, we are focused on fully integrating Veth into our organization and supporting their growth plans by accelerating sales and marketing opportunities.  Twin Disc’s size and global support and service capabilities have improved Veth’s competitiveness and helped Veth achieve significant orders during the first quarter.  Overall, Veth is performing in line with our expectations and providing the product and market diversification we anticipated.  We are excited by the long-term potential this acquisition has for our business, customers, and shareholders.”    

    Gross profit for the fiscal 2019 first quarter was 32.1%, compared to 31.0% for the same period last year. The 110-basis point increase in gross profit percent for the fiscal 2019 first quarter was primarily due to higher volumes, a more profitable mix of revenues and improved operating efficiencies.  Gross profit for the first quarter includes the amortization of a purchase accounting item related to the write-up of inventory ($1,171,000).

    For the fiscal 2019 first quarter, marketing, engineering and administrative (ME&A) expenses increased $5,592,000 to $18,986,000, compared to $13,394,000 for the fiscal 2018 first quarter.  The 41.8% increase in ME&A expenses in the quarter was primarily due to the addition of Veth, including the amortization of purchase accounting intangibles of $621,000.  Other changes included increased stock compensation expense, professional fees, salaries, travel and marketing expenses related to the Veth acquisition and the Company’s centennial celebration. As a percent of revenues, ME&A expenses fell to 25.4% for the fiscal 2019 first quarter, compared to 29.7% for the same period last year. 

    Twin Disc recorded restructuring charges of $173,000 in the fiscal 2019 first quarter, compared to restructuring charges of $1,218,000 in the same period last fiscal year. Restructuring activities during the fiscal 2019 first quarter related primarily to ongoing cost reduction and productivity actions at the Company’s European operations. 

    The fiscal 2019 first quarter tax rate of 23.4% reflects the impact of the U.S. Tax Cuts and Jobs Act signed in December 2017.  The fiscal 2018 first quarter tax benefit was primarily the result of the reversal of the valuation allowance ($3.8 million) in a certain foreign jurisdiction that had been subject to a full valuation allowance.  Improvement in operating results, along with tax planning opportunities, allowed for the reversal of this valuation allowance during the fiscal 2018 first quarter.    

    Net income attributable to Twin Disc for the fiscal 2019 first quarter was $2,862,000, or $0.24 per diluted share, compared to a net income attributable to Twin Disc of $3,392,000, or $0.29 per diluted share (which includes the favorable impact of the valuation allowance reversal), for the fiscal 2018 first quarter. 

    Earnings before interest, taxes, depreciation and amortization (EBITDA)* were $7,986,000 for the fiscal 2019 first quarter, compared to $442,000 for the fiscal 2018 first quarter. 

    Jeffrey S. Knutson, Vice President – Finance, Chief Financial Officer, Treasurer and Secretary, stated: “I am pleased with the success of the previously announced follow-on stock offering that was completed on September 25, 2018.  Twin Disc received net proceeds of $32,210,000, which was used to pay down debt associated with the Veth acquisition.  Our healthy capital position provides us with the flexibility to continue investing in growth producing and cost saving initiatives.  In addition, we expect to generate cash from operating activities during fiscal 2019 as we focus on improving our working capital requirements, primarily through reductions in inventory. For the first quarter of fiscal 2019, we invested $3,556,000 in capital expenditures and expect to invest approximately $14,000,000 to $16,000,000 in capital expenditures in total during fiscal 2019.  Capital expenditures are primarily focused on additional investments to upgrade our manufacturing capabilities and improve both quality and efficiencies.” 

    Mr. Batten concluded: “Our six-month backlog at September 28, 2018 was $146,336,000, compared to $114,979,000 at June 30, 2018 and $62,665,000 at September 29, 2017.  The 133.5% year-over-year improvement in our six-month backlog is primarily due to positive trends within our North American oil and gas markets, the contribution of the Veth acquisition and improving demand across many of our other markets.  Backing out Veth’s orders, our six-month backlog was up over 7% during the past three months, and up nearly 100% from September 29, 2017.  The fiscal 2019 first quarter included certain one-time expenses associated with the Veth acquisition, the September stock offering, and certain other non-recurring corporate expenses.  As a result of strong order trends and the positive impact of the Veth acquisition, we believe fiscal 2019 will be another strong year for the Company.”

    Twin Disc will be hosting a conference call to discuss these results and to answer questions at 11:00 a.m. Eastern Time on Monday, October 29, 2018. To participate in the conference call, please dial 866-548-4713 five to ten minutes before the call is scheduled to begin. A replay will be available from 2:00 p.m. October 29, 2018 until midnight November 5, 2018. The number to hear the teleconference replay is 844-512-2921. The access code for the replay is 5523869. 

    The conference call will also be broadcast live over the Internet. To listen to the call via the Internet, access Twin Disc's website at and follow the instructions at the web cast link. The archived webcast will be available shortly after the call on the Company's website.

    About Twin Disc, Inc.
    Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment.  Products offered include: marine transmissions, azimuth drives, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems.  The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.  The Company’s worldwide sales to both domestic and foreign customers are transacted through a direct sales force and a distributor network. 

    Forward-Looking Statements
    This press release may contain statements that are forward looking as defined by the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectations regarding important risk factors including those identified in the Company’s most recent periodic report and other filings with the Securities and Exchange Commission. Accordingly, actual results may differ materially from those expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the Company or any other person that the results expressed therein will be achieved.

    *Non-GAAP Financial Disclosures
    Financial information excluding the impact of asset impairments, restructuring charges, foreign currency exchange rate changes and the impact of acquisitions, if any, in this press release are not measures that are defined in U.S. Generally Accepted Accounting Principles (“GAAP”). These items are measures that management believes are important to adjust for in order to have a meaningful comparison to prior and future periods and to provide a basis for future projections and for estimating our earnings growth prospects. Non-GAAP measures are used by management as a performance measure to judge profitability of our business absent the impact of foreign currency exchange rate changes and acquisitions. Management analyzes the company’s business performance and trends excluding these amounts.  These measures, as well as EBITDA, provide a more consistent view of performance than the closest GAAP equivalent for management and investors. Management compensates for this by using these measures in combination with the GAAP measures. The presentation of the non-GAAP measures in this press release are made alongside the most directly comparable GAAP measures.

    Definition – Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
    The sum of, net earnings and adding back provision for income taxes, interest expense, depreciation and amortization expenses: this is a financial measure of the profit generated excluding the above mentioned items.


    (In thousands, except per-share data; unaudited)
    Quarter Ended
      September 28, 
    2018   September 29, 
    Net sales $ 74,689     $ 45,064  
    Cost of goods sold   50,704       31,072  
    Gross profit   23,985       13,992  
    Marketing, engineering and administrative expenses   18,986       13,394  
    Restructuring expenses   173       1,218  
    Income (loss) from operations   4,826       (620 )
    Interest expense   717       64  
    Other expense, net   319       569  
    Income (loss) before income taxes and noncontrolling interest   3,790       (1,253 )
    Income tax expense (benefit)   887       (4,658 )
    Net income   2,903       3,405  
    Less: Net earnings attributable to noncontrolling interest, net of tax   (41 )     (13 )
    Net income attributable to Twin Disc $ 2,862     $ 3,392  
    Income per share data:              
    Basic income per share $ 0.24     $ 0.29  
    Diluted income per share $ 0.24     $ 0.29  
    Weighted average shares outstanding data:              
    Basic shares outstanding   11,722       11,256  
    Diluted shares outstanding   11,799       11,259  
    Comprehensive income:              
    Net income $ 2,903     $ 3,405  
    Benefit plan adjustments, net of income taxes of $146 and $278, respectively   471       474  
    Foreign currency translation adjustment   (561 )     2,541  
    Comprehensive income   2,813       6,420  
    Less: Comprehensive income attributable to noncontrolling interest   (16 )     (7 )
    Comprehensive income attributable to Twin Disc $ 2,797     $ 6,413  

    (In thousands; unaudited)
      Quarter Ended
      September 28,
    2018   September 29,
    Net income attributable to Twin Disc $ 2,862   $ 3,392  
    Interest expense   717     64  
    Income taxes   887     (4,658 )
    Depreciation and amortization   3,520     1,644  
    Earnings before interest, taxes, depreciation and amortization $ 7,986   $ 442  

    (In thousands; unaudited)
      September 28,   June 30,
      2018   2018
    *ASSETS* * *       * *    
    Current assets:              
    Cash $ 16,557     $ 15,171  
    Trade accounts receivable, net   45,887       45,422  
    Inventories   123,439       84,001  
    Prepaid expenses   7,287       8,423  
    Other   9,228       6,252  
    Total current assets   202,398       159,269  
    * * * *       * *    
    Property, plant and equipment, net   68,302       55,467  
    Deferred income taxes   13,838       18,056  
    Goodwill, net   24,896       2,692  
    Intangible assets, net   24,786       1,906  
    Other assets   4,168       3,850  
    TOTAL ASSETS $ 338,388     $ 241,240  
    * * * *       * *    
    *LIABILITIES AND EQUITY* * *       * *    
    Current liabilities:              
    Accounts payable $ 31,735     $ 29,368  
    Accrued liabilities   46,705       32,976  
    Total current liabilities   78,440       62,344  
    Long-term debt   37,446       4,824  
    Lease obligations   17,070       6,527  
    Accrued retirement benefits   19,985       21,068  
    Deferred income taxes   5,222       1,203  
    Other long-term liabilities   1,765       1,658  
    Total liabilities   159,928       97,624  
    Twin Disc shareholders’ equity:              
    Preferred shares authorized: 200,000; issued: none; no par value   -       -  
    Common shares authorized: 30,000,000; issued: 14,632,802; no par value   44,044       11,570  
    Retained earnings   188,661       178,896  
    Accumulated other comprehensive loss   (30,760 )     (23,792 )
        201,945       166,674  
    Less treasury stock, at cost              
    (1,567,274 and 1,545,783 shares, respectively)   24,005       23,677  
    Total Twin Disc shareholders' equity   177,940       142,997  
    Noncontrolling interest   520       619  
    Total equity   178,460       143,616  
    TOTAL LIABILITIES AND EQUITY $ 338,388     $ 241,240  


    * *(In thousands; unaudited)*
    * * * * * *
    * * For the Quarter Ended
    * * September 28, 
    2018   September 29, 
      * *       * *    
    Net income $ 2,903     $ 3,405  
    Adjustments to reconcile net income to net cash provided (used)              
    by operating activities:              
    Depreciation and amortization   2,349       1,644  
    Amortization of inventory fair value step-up   1,171       -  
    Restructuring expenses   (2 )     190  
    Provision for deferred income taxes   3,460       (4,842 )
    Stock compensation expense and other non-cash changes, net   892       500  
    Net change in operating assets and liabilities   (9,951 )     (2,328 )
    Net cash provided (used) by operating activities   822       (1,431 )
    Acquisition of Veth Propulsion   (59,649 )     --  
    Acquisitions of fixed assets   (3,556 )     (1,467 )
    Proceeds from sale of fixed assets   30       17  
    Other, net   (129 )     (129 )
    Net cash used by investing activities   (63,304 )     (1,579 )
    Proceeds from issuance of common stock   32,210       --  
    Borrowings under long-term debt agreement   35,000       --  
    Borrowings under revolving loan agreement   67,103       16,155  
    Proceeds from exercise of stock option   12       --  
    Repayments under revolving loan agreement   (45,231 )     (14,236 )
    Repayments of long-term borrowings   (24,234 )     --  
    Dividends paid to noncontrolling interest   (115 )     (172 )
    Payments of withholding taxes on stock compensation   (926 )     (213 )
    Net cash provided by financing activities   63,819       1,534  
    Effect of exchange rate changes on cash   49       570  
    Net change in cash   1,386       (906 )
    Beginning of period   15,171       16,367  
    End of period $ 16,557     $ 15,461  

    Contact: Jeffrey S. Knutson
    (262) 638-4242 Reported by GlobeNewswire 3 hours ago.

    0 0

    Pollution, overfishing and climate change are endangering the ocean. We are becoming 'ocean ambassadors' to help spark global marine protection efforts.

      Reported by 3 hours ago.

    0 0

    KEMP, Texas, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Larson Electronics, leader of the industrial equipment sector, announced the release of an explosion proof motor designed for installation in industrial systems in Class I Divisions 1 & 2 Groups C & D, and Class II Divisions 1 & 2 Groups E, F & G rated work sites. This unit is compatible with 230V AC single-phase 60Hz and offers 6.3 full-load amps and 4.2 amps of no-load current. This motor features a NEMA 56H motor frame and is Class F insulation rated.The EXP-MTR-1P-230-1HP-1.8K-56 is a fractional explosion proof motor for flammable work sites that is capable of generating 1,725 RPM. This motor provides 3 lb.-ft. of torque with 230% locked rotor torque and 270% break down torque. This unit is foot mounted and comes with 24 inches of +2/-0 leads for electrical connections and an aluminum conduit box that will require some assembly.

    This explosion proof motor is totally enclosed and fan-cooled (TEFC). The unit is IP55-rated and features a temperature rating of 50˚C. The EXP-MTR-1P-230-1HP-1.8K-56 motor comes with aluminum end shields and is protected by a NEMA 56H motor frame with a 1.0 service factor. Ideal applications include hazardous locations, industrial facilities, pumps, mixers, conveyors, manufacturing, food processing, chemical plants and more.

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, *President and CEO
    *Toll-free: 1-888-351-2363
    Int'l: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.comA photo accompanying this announcement is available at Reported by GlobeNewswire 1 hour ago.

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    Providing power for trolling and powering on-board accessories in harsh salt and fresh water conditions

    Clearwater, Florida, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Stinger Marine has announced two new marine batteries that are powerful enough to keep running all the on-board electronic accessories that today's yacht and boat owners want in their vessels. In addition, these batteries are designed to provide excellent power during trolling and starting, and they're ideal for use in recreational vehicles as well.

    As a starter battery, these new offerings from Stinger Marine have the power needed to turn over an inboard or outboard motor of any horsepower. Deep-cycling capabilities make it possible to keep your trolling motor, bilge pump, GPS or depth finder charged up, with hundreds of charge/discharge cycles in store. As boat and RV owners add more and more accessories to their vehicles, these batteries have plenty of power to keep everything juiced up.

    The more powerful of the pair of new batteries is the SEA31. This Group 31 battery fits in any position, making it a perfect choice when boat or RV owners need increased performance from their system. Its AGM design encapsulates battery acid for sealed, spill-proof safety. With a 20-hour rate of 5.75A/115Ah, a five-hour rate of 18A/90Ah, and a half-hour rate of 130A/65Ah, this powerful battery, weighing 70.5 pounds, is good for more than 400 full discharge cycles.

    Delivering an impressive 75Ah of power, the SEA27 Group 27 battery is compact in size, measuring only 8.31 x 12.09 x 6.65 inches, making it easy to connect it in any position. Despite its small size, it delivers all the power needed for high-end system performance, with a 20-hour rate of 3.9A/75Ah, a five-hour rate of 12.5A/62.5Ah, and a half-hour rate of 109A/54.5Ah. This compact battery, which weighs only 58.4 pounds, can be relied on for more than 400 full discharge cycles.

    SEA31 is available now with an MSRP of $840.00.

    SEA27 is available now with an MSRP of $720.00.

    For more information regarding Stinger Marine, contact your Stinger sales representative. If you are interested in becoming an Authorized Stinger dealer, visit our contact page to reach AAMP Global

    About AAMP Global:

    Established in 1987, owned by Audax Private Equity, and headquartered in Clearwater, Florida, AAMP Global restlessly pursues innovative ways to enhance what moves you. Global manufacturer of mobile aftermarket technology for consumer and commercial vehicles; developing safety solutions under EchoMaster, smartphone connectivity under iSimple, high performance audio enhancement under Stinger and Phoenix Gold, and OEM integration solutions under Autoleads and PAC.  AAMP enables you to define your drive, one vehicle at a time, anywhere in the world.



    · Marine Batteries
    · stinger marine logo

    CONTACT: Phyliss Robins
    AAMP Global
    8185223107 Reported by GlobeNewswire 51 minutes ago.

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    Machine Condition Monitoring Market (Component - Hardware, Software, Services; Type - Thermography, Vibration Monitoring, Lubrication Oil Monitoring, Acoustic Emission Monitoring, Ultrasound Monitoring, Corrosion Monitoring, Current Signature Monitoring; Solution Type - Online Monitoring, Integrated Monitoring, Continuous Remote Monitoring, Route Based Monitoring; End use Industry - Aerospace and Defense, Automotive, Oil and Gas, Metal and Mining, Marine, Food and Beverage, Chemicals and Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

    ALBANY, New York, Oct. 29, 2018 (GLOBE NEWSWIRE) -- The global* machine condition monitoring market* was valued at US$ 2,212.3 Mn in 2017 and is anticipated to expand at a stable CAGR of 8.1% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘*Machine condition monitoring Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026*.’ Advantages offered by machine condition monitoring, increased adoption of vibration sensors, increase in equipment performance and productivity, rise in the adoption of machine condition monitoring in the automotive industry, rise in online machine monitoring, and increase in equipment performance and productivity have increased the penetration and growth of the global machine condition monitoring market. The market in Asia Pacific is likely to expand at a rapid CAGR of 8.6% due to numerous technological innovations in equipment condition monitoring systems.

    *Rise in Demand for Online Monitoring to Drive Market Growth*

    Rise in predictive maintenance and need for accurate and time-efficient analyses of data have increased the demand for online machine condition monitoring globally. Manual collection of data can be performed only a limited number of times. On the other hand, online monitoring can collect large amounts of data at frequent points avoiding chances of human miscalculation in data collection. Numerous players from North America are continuously involved in acquisitions in order to offer advanced machine condition monitoring to people who need the information on machine conditions in a timely manner. In September 2018, Azima DLI, a provider of predictive machine condition monitoring and analysis services, launched ‘WATCHMAN,’ its portable online intensive care condition monitoring system that can be quickly deployed by personnel in machines. Key trends prevalent in the global machine condition monitoring market are integrated machine condition monitoring system, technological advancements, cloud technology, wireless condition monitoring, and strategic collaborations.

    *Request a Brochure -*

    *Increasing Adoption of Vibration Monitoring is Expected to Drive Growth of the Machine Condition Monitoring Market*

    In terms of type, the market has been divided into thermography, vibration monitoring, lubrication oil monitoring, acoustic emission monitoring, ultrasound monitoring, corrosion monitoring, current signature monitoring, and others. The vibration monitoring segment is anticipated to dominate the market due to rise in adoption of vibration sensors for assessing equipment condition. Vibration monitoring provides analysis of the overall vibrations of components or machinery in order to observe abnormalities that may indicate faults. Furthermore, potential advantages of machine condition monitoring such as improved efficiency, increased machine availability and reliability, extended operational life, reduced costs, and improved safety are driving the global machine condition monitoring market. The vibration monitoring segment is anticipated to expand at a significant CAGR of 8.6 % during the forecast period. The lubrication oil monitoring segment is projected to expand at a significant CAGR over the forecast period, owing to the increasing use of lubrication oil as it plays an important role in early machine failure detection.

    *Get a PDF Sample - *

    *Rise in Adoption of Machine Condition Monitoring Systems due to Technological Advancements and Increase in Adoption of Predictive Maintenance in the U.S., Germany, China, South Africa, and Brazil to Create More Opportunities in the Market*

    Geographically, the global machine condition monitoring market has been divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, Asia Pacific was the topmost revenue generating region, followed by North America. This is mainly attributed to advancements in technology and wide use of predictive maintenance techniques in various industries in order to determine the condition of equipment and foresee when and where maintenance is needed. The machine condition monitoring market in Asia Pacific is expected to expand at a rapid CAGR of 8.9% over the forecast period. China held a significant share of the market in Asia Pacific in in 2017 in. The market in the country is estimated to expand at a considerable CAGR during the forecast period. The market in North America is anticipated to expand at a significant CAGR during the forecast period, owing to the continuous technological advancements in wireless technology and remote monitoring. The market in Europe is anticipated to show substantial growth throughout the forecast period, due to a rise in the adoption of machine condition monitoring systems in the automotive industry and presence of a significant number of market players in the region. The market in Middle East & Africa and South America is expected to expand at a substantial pace due to the rise in government funding in the regions.

    *Get a Discount on this Report - *

    *ALS Limited, Brüel & Kjær Vibro GmbH, SKF, Emersion Electric Co and F. Honeywell International are Likely to Continue to Lead the Global Machine Condition Monitoring Market*

    The company profiling of key players in the global machine condition monitoring market includes company overview, major business strategies, SWOT analysis, and market revenues for years 2016 to 2018. The key players profiled in the global machine condition monitoring market report include ALS Limited, Brüel & Kjær Vibro GmbH, Emerson Electric Co., Fluke Corporation, General Electric, Honeywell International, Meggitt SA, National Instruments, Parker Hannifin Corp, PRÜFTECHNIK Dieter Busch AG, Rockwell Automation, Inc., and Schaeffler Technologies AG & Co. KG, SKF. Various players are introducing machine condition monitoring systems with cloud technology and establishing partnerships with other players to meet the continuously growing demand for accurate and reliable equipment condition monitoring.

    *Browse Research Release -*

    The global machine condition monitoring market is segmented as follows:

    *Global Machine Condition Monitoring Market, by Component*

    · Hardware
    · Software
    · Services

    *Global Machine Condition Monitoring Market, by Type*

    · Thermography
    · Vibration Monitoring
    · Lubrication Oil Monitoring
    · Acoustic Emission Monitoring
    · Ultrasound Monitoring
    · Corrosion Monitoring
    · Current Signature Monitoring
    · Others

    *Global Machine Condition Monitoring Market, by Solution Type*

    · Online Monitoring
    · Integrated Monitoring
    · Continuous Remote Monitoring
    · Route-based Monitoring

    *Global Machine Condition Monitoring Market, by End-use Industry*

    · Aerospace and Defense
    · Automotive
    · Oil and Gas
    · Metal and Mining
    · Marine
    · Food and Beverages
    · Chemicals and Pharmaceuticals
    · Others (Paper & Pulp, Textile, Utility)

    *About Us*

    Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

    Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

    *Contact Us*

    Mr. Rohit Bhisey
    Transparency Market Research
    State Tower,
    90 State Street,
    Suite 700,
    Albany NY - 12207
    United States
    Tel: +1-518-618-1030
    USA - Canada Toll Free: 866-552-3453
    Research Blog: Reported by GlobeNewswire 51 minutes ago.

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    Company Announces Inauguration of Its New Wholly-owned Subsidiary, AF Cannabis, Located in Toronto, Canada

    MIAMI, FL, Oct. 29, 2018 (GLOBE NEWSWIRE) --  via NEWMEDIAWIRE -- Amazonas Florestal, Ltd.  ( (OTC PINK: “AZFL”), a natural resources company dedicated to innovative, sustainable forest management, Industrial CBD Hemp and the certification and sales of carbon credits, today announced that the Company has launched its new website: The Amazon Hemp CBD Supplements are now available for purchase online. Further, The Company has inaugurated a new subsidiary in Toronto, Canada and opened offices at The Toronto Airport Strip with the intention of completing business plans to grow Marijuana in Canada and apply to the CSE (Canadian Stock Exchange). 

    The Company added that the Company auditors have notified management that the audits should be completed and filed no later than November 10th, 2018. This will complete another important step forward in the new restructuring of management and business plans. The Company intends to go complete further requirements necessary to file an S1 and go fully reporting with intentions to apply during the first quarters of 2019 to OTC Markets QB Exchange.

    The Company also announced that its Business Plans for the Colorado Labs and Plantations have been completed and presented and are under review by more than a dozen qualified lenders and investors. The Company expects to close on a funding facility to effectuate these plans in Colorado with the purchase of property and construction of Greenhouses for Plant Development beginning no later than early 2019. 

    The Company further announced that it has hired the Consulting Services of Yasser Muñoz and Mobile Wraps, a publicity company that operates for more than a decade in Ontario, Canada. Mr. Muñoz, a Fortune 500 advertising professional, will be responsible for brand awareness and assist in the PR with the intention of better informing company shareholders as to the present happenings and direction of the Company. This addition will greatly enhance the company’s social media platforms and allow the Company to produce monthly corporate videos that will air on investment channels and social media, keeping the public and mass media informed of all new corporate developments.

    The Company further stated that it has closed an order for 110 Cubic Meters of Red Cumaru Decking with an important purchaser of wood products in Brazil, Marine Box, and will through this order restart the company wood products business in Brazil.  

    Ricardo Cortez, Company Chairman of Amazonas Florestal, Ltd said, “Management here at AZFL is very excited to report these additions to the Company. We had wanted to poise the Company for bigger and better things for some time now for the benefit of our shareholders. Last year’s failures will become this year’s success. The new website further enhances our commitment to market our own CBD products online and gain the exposure of our brands to the mass media. This step forward, coupled with the completion of the auditors’ work that will bring all of our financial records to date and audited, our new direction to enter the Cannabis business in Canada and the enhancement our publicity and mass media networks through the new addition of Yasser Muñoz, Mobile Wraps and their associates, will position the company in a way that will facilitate the acquisition of new funding facilities that we now expect will set our business plans in motion to build our plantations and labs in Colorado and revamp our lumber business.”   

    Mr. Cortez went on to add, “The Company is presently evaluating offers and commitments for financing our Business Plans to buy land in Weld or Boulder counties in Colorado, building greenhouses for plant development to develop and plant a minimum of 32,000 High CBD Hemp Plants in the fields in April or May of 2019.”

    Yasser Muñoz, President of Mobile Wraps and recently hired to direct Publicity efforts for the Company, stated, “We see an enormous potential in getting the Amazonas Florestal story out to the mass media. Our research has demonstrated that the Company has not been achieving proper exposure to mass media channels and for the products to be placed in the proper platforms. We will be working to improve the quality of this exposure on all social media platforms and to increase traffic to the new company website and promote the sales of its products online.”

    The Company’s financial highlights can be found in the recent filings already posted and online. During the last three periods the Company was able to reduce debt on its balance sheets and paid down many of its substantial monetary obligations. The new business plan calls for an invitation to new investors willing to bank on the experience already achieved last year by company operatives in Colorado that created enough intellectual property to now ensure its future success. This year, the construction of greenhouses for plant development will enable the planting of only female seedlings or clones, instead of seeds, from only proven and certified genetic lines. This experience, proper handling and earlier testing schedules will ensure the success of these new plantations that should come to fruition beginning in early September of 2019.

    Also, the Company announced that it will continue to develop markets for Amazon Hemp CBD now being sold online through the Company website, as its spearhead brand for placing product on the market. This activity is in preparation for the increased amounts of product that will become available for the Company market next year through its new ventures. * *

    *About Amazonas Florestal Ltd.*

    Amazonas Florestal Ltd. is a natural resources company dedicated to innovative, sustainable management of large tracts of land in the rainforests of Amazonas, Brazil, that include the certification and sale of carbon credits and the growth, harvesting, research and development of Industrial Hemp and related high CBD products in the U.S. and internationally.

    Headquartered in Miami, FL, Amazonas's goal is to become a leader in sustainable forest management and preservation, creating revenue while protecting the biodiversity of the rainforest ecosystem and enhancing the lives of the people who live in it. Through a strategy of selective harvesting, certification and sale of carbon, biomass and biofuel production, and conservation incentives, Amazonas Florestal Ltd. intends to help protect one of the world's greatest natural resources and show how its preservation can be a profitable activity. Visit the Company at:

    *Forward Looking Statements*

    Forward-looking statements in this release regarding Amazonas Florestal Ltd. are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

    CONTACT: Contact: 

    Amazonas Florestal Ltd



    Twitter: @AZFLUS

    Facebook Page: @ AZFLUS

    Web : Reported by GlobeNewswire 42 minutes ago.

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