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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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    The following information is based on a press release from Marine Harvest ASA (Marine Harvest) published on October 31, 2018 and may be subject to change.

    The board of Marine Harvest has resolved on 30 October 2018 to distribute a quarterly dividend of NOK 2.60 per share. The scheduled Ex-date is November 9, 2018. According to NASDAQ Derivatives Markets Rules and Regulations 3.5.3.6.1 adjustment for ordinary dividend shall be made for underlying specified with 100 % dividend adjustment in the Quotation list. NASDAQ Derivatives Markets will carry out a re-calculation of options, forwards and futures in Marine Harvest (MHGN, MHG).

    For further information please find the attached file. Reported by GlobeNewswire 1 hour ago.

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    Maine's mostly rural 2nd Congressional District was won by President Trump and Republican Bruce Poliquin currently holds the House seat. But former Marine Jared Golden hopes to flip it to Democrats. Reported by NPR 5 minutes ago.

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    Chile's environmental regulator on Wednesday charged the local unit of Norway's Marine Harvest with breaching the terms of its permits following the escape of hundreds of thousands of salmon from a facility in southern Chile in July. Reported by Reuters India 16 hours ago.

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  • 10/31/18--12:19: A wilderness 'horror story'
  • Producing the first comprehensive fine-scale map of the world's remaining marine and terrestrial wild places, conservation scientists say that just 23 percent of the world's landmass can now be considered wilderness, with the rest -- excluding Antarctica -- lost to the direct effects of human activities. Reported by Science Daily 15 hours ago.

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    Garbed as goofy Halloween characters, a group of scuba divers submerged 30 feet beneath the surface Wednesday to compete in an underwater costume contest in the Florida Keys National Marine Sanctuary off Key Largo. Reported by cbs4.com 13 hours ago.

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    KEMP, Texas, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Larson Electronics, a company with expertise in energy-efficient lighting systems and portable power distribution units, announced the release of a 15 KVA temporary power distribution station for industrial projects. The power distribution unit accepts 480V in the primary side and provides 120/240V single phase on the secondary side and is dolly cart mounted for easy transportation and temporary use.The MGL-480V-15KVA-1X50A.120240-4X120.20-100C temporary power distribution system gives operators the ability to power their 240 volt and 120 volt equipment from a single system. On the primary side, operators connect three-phase 480V line-in power with a 100 foot #8 SOOW cord that brings the voltage to a NEMA 3R 60-amp 480V three-phase primary disconnect. This disconnect contains two, 40-amp time delay fuses.

    This secondary side contains one, 50-amp 250V breaker protecting one, 50-amp 125/250V NEMA 14-50 receptacle and four, 125V breakers protecting four, 20-amp 125V duplex GFCI receptacles. The secondary side feeds a NEMA 3R 120/240V 100-amp MLO single phase circuit breaker panel.

    For maximum portability in industrial facilities, the NEMA 3R rated temporary power distribution station is mounted on a steel dolly cart with run flat tires. The steel cart and frame are powder coated for durability and resistance to corrosion and other harmful, outdoor elements. Applications for the portable power distribution system include: construction sites, MRO, plant operations, maintenance, repair, shipyards, concerts, events, warehouses, stadiums 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.com
    Website: https://www.larsonelectronics.com

    Photos accompanying this announcement are available at

    http://www.globenewswire.com/NewsRoom/AttachmentNg/5bc37d2c-7dd5-4551-9dfe-c0c9f4581748

    http://www.globenewswire.com/NewsRoom/AttachmentNg/b7e42a78-9670-4b00-9247-41cdf727c586http://www.globenewswire.com/NewsRoom/AttachmentNg/6c30cca9-0215-47c7-92a7-1e6837d87a7dhttp://www.globenewswire.com/NewsRoom/AttachmentNg/c382bae7-e85e-4e86-b83b-8d0e1061c5a0 Reported by GlobeNewswire 13 hours ago.

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    The fifth round of F1H2O World Championship, scheduled to be held from November 16 to 18 on the banks of Andhra Pradesh's River Krishna is all set to create a new benchmark in Amaravati. Reported by Sify 13 hours ago.

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    Reported by SeekingAlpha 13 hours ago.

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    *Halloween snack packaging waste being used for R&D and engineered fuel *

    VANCOUVER, British Columbia, Oct. 31, 2018 (GLOBE NEWSWIRE) -- London Drugs has launched the first-ever Halloween candy wrapper recycling drive in BC. The retailer is now accepting chocolate bar and candy wrappers as well as potato chip bags as part of its Other Flexible Plastic Packaging recycling program and hopes to help keep Halloween snack packaging waste out of city landfills.

    “We want to help British Columbians celebrate Halloween with a bit less waste by making one simple suggestion: instead of throwing out your candy wrappers and chip bags, bring them to London Drugs for recycling,” says Maury McCausland, Retail Operations Sustainability Specialist London Drugs.

    Customers can bring their wrapper and Other Flexible Plastic Packaging to any British Columbia London Drugs location. The items collected will be sent to Merlin Plastics, a post-consumer processing company in Delta BC, and used for research and development as the company works to develop a commercially viable process for recycling these common but tough-to-process items. Material that cannot be recycled will be used to produce engineered fuel for commercial operations such as concrete plants.

    London Drugs’ Other Flexible Plastic Packaging recycling initiative is part of RecycleBC’s new take back program. These types of plastics are among the fastest-growing packaging forms on the market and are one of the largest categories of packaging particularly for confectionary and snack foods. According to Stats Canada, over $550 million worth of cookies, confectionery, and snack foods were sold across Canada last October, contributing significant amounts of packaging waste to landfills and the environment. Food wrappers are also a common source of marine litter and were among the top five items found in the Ocean Conservatory’s International Coastal Clean-up last year.

    “This is really a big problem; the volume of wrapper waste is significant. That’s why we’re making a commitment to help address it – not just at Halloween but year-round,” says McCausland.

    London Drugs is now accepting all sorts of items in the Other Flexible Plastic Packaging category including: stand-up and zipper lock pouches, like pouches for granola, frozen berries, etc.; crinkly wrappers and bags, like coffee bags, or cellophane; flexible packaging with plastic seal, like packaging for fresh pasta or pre-packaged deli meats; non-food protective wrap like bubble wrap or plastic envelopes; and net bags used for fruits and vegetables like onions, avocados and lemons.

    “Last year, with the help of our customers and staff, our stores celebrated a 93% waste diversion rate. This program will help get us one step closer to zero waste,” says McCausland.

    *ABOUT WHAT’S THE GREEN DEAL?*

    As a major Canadian retailer, London Drugs is part of the communities we serve. We know we have a part to play in helping make our world more sustainable. ‘What’s the Green Deal?’ is our commitment to continue searching for better, greener ways to do business, and to help our customers find answers. We address sustainability through a four-pillar approach: Energy & Operations, Waste Reduction, Upstream Purchasing and Communication & Education. And we will keep asking the tough questions and looking for answers, because sustainability is a journey, not a destination. www.greendeal.ca @WTGreenDeal

    *ABOUT LONDON DRUGS *

    Founded in 1945, B.C.-based London Drugs has 81 stores in more than 35 major markets throughout British Columbia, Alberta, Saskatchewan and Manitoba including its online store www.londondrugs.com London Drugs offers consumers a range of products from digital cameras and cosmetics to computers and televisions. Renowned for its creative approach to retailing, the company employs more than 7,500 people with pharmacy and health care services being the heart of its business. Committed to innovation and superior customer service, London Drugs has established itself as a reputable and caring company and continues to position itself for future growth and development. For more information, visit www.LondonDrugs.com.

    To schedule an interview or for more information please contact:

    *Angela Joyce,  *Media Relations
    *m. *1.403.681.9286
    *e.* aj@whiterabbitcommunications.com

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/8c6a0b28-e114-4f89-92bb-469154ce5bc5 Reported by GlobeNewswire 13 hours ago.

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  • 10/31/18--14:49: Ship traffic, November 1
  • Ship traffic Due to arrive today SHIP FROM PORT ANL Walwa Papeete, Tahiti OAK APL Esplanade Los Angeles OAK Delphinus Leader Kawasaki, Japan RCH Lodestar Princess Nanjing, China SCK MOL Motivator Los Angeles OAK NYK Adonis Long Beach OAK Rockies Highway Incheon, South Korea BNC Due to depart today SHIP TO PORT Bay Bridge Tokyo SFO CMA CGM Ivanhoe Hong Kong OAK CSCL Winter Xingang, China OAK CSL Frontier Port Unknown SFO CSL Tecumseh Port Unknown SFO F.D.Angelica Port Unknown SFO Halifax Express Long Beach OAK Henry Hudson Bridge Tokyo SFO Matsonia Honolulu OAK MOL Motivator Tokyo OAK MSC Saturn Port Unknown OAK Source: S.F. Marine Exchange Reported by SFGate 12 hours ago.

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    It’s Hammer Time: 17th Annual Solar Cup™ Launches LOS ANGELES--(BUSINESS WIRE)--Saws will be whizzing, drills will be buzzing and sawdust will be flying this Saturday (Nov. 3) as more than 400 students from high schools across five Southern California counties transform boxes of marine-grade plywood into 16-foot canoe-like hulls, kicking off the Metropolitan Water District of Southern California’s 17th annual Solar Cup™ competition. The nation’s largest contest of its kind, Solar Cup is a seven-month program in which high school teams use prob Reported by Business Wire 11 hours ago.

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    About 125 people attended the Marine Industries Association of South Florida's 5th Annual Global Business Luncheon on Oct. 31, which kicked off the 59th Annual Fort Lauderdale International Boat Show. The boat show runs Oct. 31-Nov. 4. It features superyachts, sports fishing boats, kayaks, jet skis, marine products and accessories. The annual event, which typically draws attendees from more than 50 countries, is considered the largest boat show in the world. View the attached gallery for an inside… Reported by bizjournals 10 hours ago.

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    The accused, Suyrakant Deshmukh, 55, was posted at MHADA's C-3 department at Chandanwadi, Marine Lines. Reported by DNA 9 hours ago.

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    NYSE-listed company was run by shipping magnate Dimitris ‘The Tiger’ Melissanidis Reported by FT.com 1 hour ago.

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    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) has received an award for a 3D marine seismic acquisition project in West Africa.

    The award comprises two surveys of approximately three months each, with the first survey expected to commence Q2 2019 and the second survey Q4 2019.

    *
    Contacts*

    Hans-Peter Burlid, CFO
    +971 50 559 8175
    hp.burlid@polarcus.com

    Lars Oestergaard, COO
    +971 54 791 0564
    lars.oestergaard@polarcus.com*About Polarcus*

    Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

     This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 4 hours ago.

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    By Jaya Ramachandran

    The Government of the Republic of Seychelles, an archipelago of 115 granite and coral islands in the Indian Ocean, off East Africa, has been acclaimed for showing “the leadership to create the world’s first sustainable Blue Bond”.

    The pioneering financial instrument was launched within four weeks of the High-Level Forum the government of Seychelles organised together with the 79-member African, Caribbean and Pacific (ACP) Group of States at the United Nations headquarters in New York focusing on the emerging new “blue economy” underlining the protection and preservation of the world’s heavily-exploited oceans.

    The concept for a Seychelles Blue Bond to support the island nation’s transition to sustainable fisheries was conceived in 2014 by The Prince of Wales’ International Sustainability Unit, says its former director Justin Mundy, Distinguished Fellow, World Resources Institute.

    “Therefore, I am delighted that the Government of the Seychelles has shown the leadership to create the world’s first sustainable Blue Bond,” adds Mundy. “The bond demonstrates that institutional investors can become involved in helping to build a truly sustainable blue economy that supports critical marine ecosystems while providing economic prosperity for local communities and Island Developing States.”

    Announcing the launch of the pioneering bond at the Our Ocean Conference in Bali on October 29-30, 2018, Vincent Meriton, Vice-President of the Republic of Seychelles said: “We are honoured to be the first nation to pioneer such a novel financing instrument.”

    The Blue Bond, which is part of an initiative that combines public and private investment to mobilize resources for empowering local communities and businesses, “will greatly assist Seychelles in achieving a transition to sustainable fisheries and safeguarding our oceans while we sustainably develop our blue economy,” Meriton added.

    Marine resources are critical to the country’s economic growth. After tourism, the fisheries sector is the country’s most important industry, contributing significantly to annual Gross Domestic Product (GDP) and employing 17 percent of the population. Fish products make up around 95 percent of the total value of domestic exports.

    The Seychelles is home to numerous beaches, coral reefs and nature reserves, as well as rare animals such as giant Aldabra tortoises. It also has the mountain rainforests of Morne Seychellois National Park and beaches, including Beau Vallon and Anse Takamaka.

    The Seychelles has a land area of 455 square km spread across an Exclusive Economic Zone of approximately 1.4 million square km. As one of the world’s biodiversity hotspots, Seychelles is balancing the need to both develop economically and protect its natural endowment.

    With this in view, Laura Tuck, Vice President of Sustainable Development at the World Bank, said: “The World Bank is excited to be involved in the launch of this sovereign Blue Bond and believes it can serve as a model for other small island developing states and coastal countries. It is a powerful signal that investors are increasingly interested in supporting the sustainable management and development of our oceans for generations to come.”

    CEO and Chairperson of The Global Environment Facility (GEF), Naoko Ishii, added: “The Seychelles Blue Bond is a significant milestone in our long-standing support for ocean conservation, and the GEF is proud to invest in developing national blue economies that protect the rich marine ecosystem while supporting economic growth, improved livelihoods and jobs.”

    The bond, which has raised US$15 million from international investors, demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. The World Bank assisted in developing the Blue Bond and reaching out to the three investors: Calvert Impact Capital, Nuveen, and U.S. Headquartered Prudential Financial, Inc.

    Proceeds from the bond will include support for the expansion of marine protected areas, improved governance of priority fisheries and the development of the Seychelles’ blue economy. Grants and loans will be provided through the Blue Grants Fund and Blue Investment Fund, managed respectively by the Seychelles’ Conservation and Climate Adaptation Trust (SeyCCAT) and the Development Bank of Seychelles (DBS).

    “We are privileged to be working with the many partners involved in this unique transaction, and we are excited about the possibilities to back pre-development and growth stage projects in support of Seychelles’ blue economy, said Martin Callow, CEO of the Seychelles Conservation and Climate Adaptation Trust, which will co-manage proceeds from the bond.

    “With these new resources, our guiding principles, and the blended finance structure that we have developed, we will support Seychelles’ ambitions to create a diversified blue economy and, importantly, to safeguard fisheries and ocean ecosystems,” Callow added.

    DBS CEO Daniel Gappy noted: “The Development Bank of Seychelles (DBS), through its mandate, is here to support Seychelles in its quest to promote and sustainably develop the country’s fisheries sector.”

    DBS will co-manage proceeds from the bond via the creation of the Blue Investment Fund.

    “Establishing the Blue Investment Fund will bring additional exposure both locally and internationally for the Bank and will provide opportunities to enhance our competency in fund management for positive environmental, social and governance outcomes,” Gappy said

    According to a press release, the Seychelles Blue Bond is partially guaranteed by a US$5 million guarantee from the World Bank (IBRD) and further supported by a US$5 million concessional loan from the GEF which will partially cover interest payments for the bond.

    Proceeds from the bond will also contribute to the World Bank’s South West Indian Ocean Fisheries Governance and Shared Growth Program, which supports countries in the region to sustainably manage their fisheries and increase economic benefits from their fisheries sectors.

    A World Bank team comprising experts from its Treasury, Legal, Environmental and Finance groups worked with investors, structured the Blue Bond and assisted the Government in setting up a platform for channeling its proceeds.

    While the business case for a sovereign Blue Bond was initially identified through support to Seychelles from Prince of Wales’ Charities International Sustainability Unit, Standard Chartered acted as placement agent for the bond and Latham & Watkins LLP advised the World Bank as external counsel. Clifford Chance LLP acted as transaction counsel, a World Bank press release said.

    The significance of the world’s first Blue Bond was emphasized by investors.

    Jenn Pryce, CEO of Calvert Impact Capital, said: “The Blue Bond demonstrates the potential for capital markets to scale sustainable oceans solutions that expertly align marine conservation and economic opportunity.”

    The oceans finance market is quite nascent, but the need for capital to address threats to the health of our ocean is increasingly urgent. “The Blue Bond sets a great example of the type of bold leadership from governments and financing from public and private sectors that we need more of,” Pryce added.

    “Climate change has created both challenges and possibilities for investors. Its attractive relative valuation and the technical and financial support of the World Bank make the first Blue Bond a significant opportunity for our clients,” said Stephen M. Liberatore, manager of Nuveen’s ESG fixed income strategies, including the TIAA-CREF Social Choice Bond Fund.

    “Sustainable development of blue economies such as the Seychelles aligns with our view that investing with a responsible approach is both prudent and financially rewarding in the long-term. We hope this transaction serves as a template for creative impact investment solutions in the future,” Liberatore added.

    “Sustainable access to food sources, such as fisheries in the Seychelles, can have a transformative impact on communities, providing both sustenance and an opportunity for individuals to achieve financial stability,” said Andrea Kaufman, Vice President, Impact Investments at U.S. Headquartered Prudential Financial, Inc.

    “Prudential shares the long-term vision of the World Bank to make the Blue Bond a model for future investments to preserve the sustainability of water resources for generations to come,” Kaufman added.

    Daniel Hanna, Global Head of Sustainable Finance and Global Head of Public Sector & Development Organisations, Standard Chartered Bank, said: “Standard Chartered is proud to play a leading role in the world’s first sovereign Blue Bond. This landmark transaction is testament to our commitment to find innovative ways to mobilise capital to tackle development issues. The Seychelles Blue Bond will help protect the health of our oceans while developing a blue economy and serve as a powerful example for how finance can play a role as an important force for good.” Reported by Eurasia Review 4 hours ago.

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    Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) releases its third quarter 2018 financial statements.

    *HEADLINES Q3 2018:*

    · Segment¹ revenue of USD 55.2 million, up 14% from Q2 2018 (IFRS revenue of USD 87.0 million)
    · Gross cost of sales of USD 39.8 million, down 3% from Q2 2018
    · Segment¹ EBITDA of USD 7.3 million, up from USD 7.2 million in Q2 2018
    · Cash from operations of USD 0.4 million, impacted by USD 9.2 million negative working capital movements
    · Backlog of USD 170 million, up from USD 150 million last quarter and USD 125 million at same time last year

    ¹ All references in this report to "Segment" and "Segment reporting" are adjusted for IFRS 15 effects.

    "Q3 2018 marked the third consecutive quarter of improved utilization and increased revenue for Polarcus. Revenue was up 14% sequentially, driven by multi-client late sales and reimbursable revenue.

    "Focus on managing cost continues to be a high priority, reflected in the delivery of a 3% reduction in gross cost of sales despite an increase in utilization. General and administrative costs were 8% less than the previous quarter.

    "Cash from operations was USD 0.4 million, impacted by negative working capital movements of USD 9.2 million during the quarter arising from an increase in receivables from customers.

    "Global tender activity continued to improve, though near-term pricing remains competitive. The number of square kilometers tendered in the proprietary contract market during the first nine months of 2018 was up 15% year-on-year. The oil price continued to increase through Q3 2018 and is expected to have a positive impact on 2019 E&P company budgets that will be finalized during Q4 2018. Growth in tender activity, a strengthened oil price along with increasing E&P company exploration focus, point towards continued improvements to the 3D marine seismic acquisition market going in to 2019.

    "The Company has 100% of the fleet booked for the remainder of 2018 and 70% booked for Q1 2019. This is a very different picture compared to the same time last year with utilization of the Company's fleet for this winter expected to be strong. Pricing levels of recent awards represent an encouraging improvement in the global marine seismic acquisition market. The Company's backlog at 30 September 2018 and awards announced after the quarter end is estimated at USD 170 million."

     

    Duncan Eley

    *Chief Executive Officer, Polarcus*

     

    *Contacts*

    Duncan Eley, CEO
    +971 50 553 2198
    duncan.eley@polarcus.com

    Hans-Peter Burlid, CFO
    +971 50 559 8175
    hp.burlid@polarcus.com

     

    *About Polarcus*

    Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

     

    *Disclaimer*

    The information included herein may contain forward-looking statements. Forward-looking statements include all statements that are not historical facts, including but not limited to statements expressing or implying the Company's intent, belief or current expectations with respect to, among other things, forecasts, estimates, and predictions. Such forward-looking statements necessarily involve risks and uncertainties and are dependent on assumptions, information, data or methods that may be incorrect or imprecise. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealized. Some factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, developments in the oil and gas industry, the demand for seismic services, the demand for data from the Company's multi-client library, currency risks, political risks, regulatory risks, and unexpected operational setbacks. For a further description of other relevant risk factors we refer to our 2017 Annual Report. The reservation is also made that inaccuracies or mistakes may occur in the information given above concerning the current status of the Company or its business. Any reliance on the information given above is at the risk of the reader, and Polarcus disclaims any and all liability in this respect. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.*Attachments*

    · Polarcus Third Quarter 2018 Presentation.pdf
    · Polarcus Third Quarter 2018 Report.pdf Reported by GlobeNewswire 4 hours ago.

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    DGAP-News: AKASOL AG / Key word(s): Change of Personnel

    01.11.2018 / 07:30
    The issuer is solely responsible for the content of this announcement.
    --------------------

    *Focus on international expansion: Management Board appoints new Managing Director for AKASOL Inc. in the US*

    *Darmstadt, November 1, 2018 - AKASOL AG ("AKASOL"; ISIN DE000A2JNWZ9), a leading German manufacturer of high-performance lithium-ion battery systems for buses, commercial, rail and industrial vehicles, ships and stationary applications, is expanding its presence on the North American market as planned.*

    AKASOL Inc.'s production site is to be commissioned in late 2019 in the USA and will have an annual production capacity of 300 MWh. In early October this year, Roy Schulde was appointed Managing Director of the subsidiary. He has a broad international background and diverse experience in product management, global business development, engineering, sales and marketing. Mr. Schulde will oversee the ramp-up of series production in the US.

    Sven Schulz, CEO of AKASOL AG: "The North American automotive and commercial vehicle markets are extremely important factors in the growth strategy of AKASOL AG. This site is therefore an important milestone in our company history. We are delighted to be joined by such a proven, experienced automotive sector expert as Roy Schulde."

     

     

    *Contact*

    Isabel Heinen

    Phone: +49 (0) 6103 48567-26 | Email: isabel.heinen@akasol.com*About AKASOL*

    AKASOL is a leading German manufacturer of high-performance lithium-ion battery systems for buses, commercial vehicles, rail vehicles, industrial vehicles, marine and stationary applications. Building on nearly 30 years of experience, AKASOL is a pioneer in developing, testing and manufacturing certified battery systems for the commercial transport sector. AKASOL AG's shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange since June 29, 2018.

    Based in Germany, AKASOL operates a facility in Langen with an annual capacity of up to 300 MWh which is planned to be expanded to 600 MWh by 2020. To AKASOL's knowledge, this is Europe's largest production plant for commercial vehicle lithium-ion battery systems, currently capable of producing high-performance battery systems for up to 1,500 fully electric buses or up to 6,000 commercial vehicles per year, depending on battery size. AKASOL's systems are manufactured to the industry standards demanded by leading OEM clients. Current clients include Daimler, a Scandinavian bus and truck manufacturer, Alstom, Bombardier, Rolls-Royce Power Systems (MTU Friedrichshafen) and Medatech. AKASOL boasts a technology-independent product portfolio. This allows the Company to choose the best battery cells and battery chemistry according to the clients' individual needs.*DISCLAIMER*

    Statements contained herein may constitute "forward-looking statements." Forward-looking statements are generally identifiable by the use of the words "may,""will,""should,""plan,""expect,""anticipate,""estimate,""believe,""intend,""project,""goal" or "target" or the negative of these words or other variations on these words or comparable terminology.

    Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Group's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the Group does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.

     
    --------------------

    01.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de --------------------

    Language: English
    Company: AKASOL AG
    Landwehrstrasse 55
    64293 Darmstadt
    Germany
    Phone: +49 6151/800 500
    E-mail: info@akasol.com
    Internet: www.akasol.com
    ISIN: DE000A2JNWZ9
    WKN: A2JNWZ
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
     
    End of News DGAP News Service Reported by EQS Group 3 hours ago.

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    Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 6.0 million in the third quarter 2018, down from USD 10.7 million in the third quarter 2017 and down from USD 7.9 million in the second quarter 2018. Contract sales and other revenues totalled USD 1.3 million, while multi-client sales amounted to USD 4.7 million in the third quarter 2018.

    The Company increased the quarterly cost base, consisting of all operational costs including multi-client investments from USD 9.1 million in the third quarter last year to USD 11.9 million in the third quarter 2018. EMGS had two vessels on hire this quarter compared to one vessel in the third quarter last year. The Company recorded an EBITDA of negative USD 4.0 million, down from USD 4.9 million in the third quarter 2017. Free cash decreased with USD 5.9 million from the previous quarter mainly due to negative cash flow from operating activities and investing activities.

    During the quarter, the Atlantic Guardian has acquired data in the Norwegian Sea and in the North Sea, while the BOA Thalassa has been idle.

    "The quarter has been slow as reflected in the numbers. However, we were very pleased to announce the recent LOA for the work in South America and are encouraged by a number of opportunities that continue to develop in a positive direction," says CEO of EMGS, Christiaan Vermeijden.

    Please find the full report for the third quarter 2018 and the presentation enclosed. The results will be presented at 10:00 CET today. The presentation will be held by CEO Christiaan Vermeijden and CFO Hege A. Veiseth and will be broadcasted live over the Internet. The webcast can be accessed here. It will be possible to post questions through the webcast.

    *Contact
    *Hege Veiseth, CFO, +47 99 21 67 43

    *About EMGS
    *EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company's services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.

    EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston, Mexico City, Rio de Janeiro and Kuala Lumpur.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    *Attachments*

    · Third quarter report 2018.pdf
    · Third quarter presentation 2018.pdf Reported by GlobeNewswire 3 hours ago.

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    Colorado Springs Realtor Annette Virgil, of RE/MAX Properties, Inc., and The Virgil Team spearhead holiday toy donation drive for Toys for Tots.

    COLORADO SPRINGS, Colo. (PRWEB) November 01, 2018

    RE/MAX Realtor Annette Virgil and The Virgil Team, Blake Szentmartoni and Randy Virgil, are 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 at the same time. New, unwrapped toys can be dropped off at the Virgil Team’s office located at 1740 Chapel Hills Drive, Colorado Springs, CO 80920 from November 1 to December 14.

    Spanning three generations, The Virgil Team, Annette, Randy and Blake, specialize in residential and rural real estate, including horse properties. Giving back to the community is a big part of who they are and what they do. “We are doing a holiday drive to help children in need have some well deserved holiday magic,” said Annette. “I encourage anyone to participate by stopping by the office and simply donating a toy for this worthy cause. Just one toy can make a difference in a child’s life.”

    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.

    Annette and the Virgil Team specialize in residential and rural real estate, including horse properties. In addition, the Virgil Team represents clients not only in the Colorado Springs area, but in Denver and all of the markets in between.

    About Annette Virgil, RE/MAX Properties, Inc.
    Annette Virgil is a residential and rural specialist. She works with both buyers and sellers in Colorado Springs, Black Forest, Castle Rock, Monument, Highlands Ranch, Peyton, Calhan and the surrounding areas of El Paso, Elbert and Douglas Counties, CO. For more information, please call (719) 330-1307, or visit http://www.virgilteam.com. RE/MAX Properties, Inc. is located at 1740 Chapel Hills Drive, Colorado Springs, CO 80920.

    For media inquiries, please call the NALA at 805.650.6121, ext. 361. Reported by PRWeb 58 minutes ago.

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