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- 11/15/18--13:20: _Global Ship Lease C...
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- 11/15/18--15:21: Gulf Island Completes Sale of Texas North Yard
- 11/15/18--15:49: Maybe Trump should have worn a MAGA rain hat?
- 11/15/18--16:38: ‘Pancake Batter’ Sea Creatures Are Thriving Near the Maine Coast
- 11/15/18--23:45: FRO - Third Quarter and Nine Months 2018 Results
- 11/16/18--05:40: Kitron signs NOK 150 million contract
- 11/16/18--09:45: Judge allows class-action lawsuit by mentally ill veterans
Doubles fleet size to 38 containerships and expands charter-adjusted fleet value to $1.3 billion while increasing net asset value per share by 52%
Expands contracted revenue to $720 million and further reduces leverage as a result of recent chartering and refinancing activity
Increases scale, reduces average fleet age by three years, enhances average vessel specification, and positions the Company to pursue growth and further deleveraging
LONDON, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (“GSL” or the “Company”), and Poseidon Containers Holdings LLC and K&T Marine LLC (together “Poseidon Containers”), announced today that they had (i) closed the previously announced stock-for-stock merger between the Company and Poseidon Containers and (ii) opportunistically refinanced $228.8 million of Poseidon Containers’ secured bank debt, crystalizing a debt reduction of $48.2 million. The combined company will have a fleet of 38 vessels with a total capacity of 198,793 TEU, and, as of September 30, 2018, an average fleet age weighted by TEU of 10.7 years, and with the recently announced new charters, contracted revenue of approximately $720 million.
*Closing of the Merger*
All conditions precedent were met and the Company closed on its stock-for-stock merger with Poseidon Containers. Under the terms of the merger agreement, the Company issued 24.045 million shares of Class A common stock and 0.250 million shares of Series C perpetual preferred stock, which are convertible in limited circumstances into an aggregate of 103.642 million shares of Class A common stock. Affiliates of Kelso & Company L.P. are the sole holder of the convertible preferred stock, which is not entitled to any preferred dividend payments other than any dividend which might be payable to common shareholders and represents approximately 49.2% of the voting power and approximately 56.4% of the economic interest in the Company. In aggregate, the owners of Poseidon Containers own approximately 69.5% of the economic interest of the Company. The Board of Directors of Global Ship Lease was expanded to eight directors, of whom two were nominated by Poseidon, and three, including two independent directors, were nominated by GSL. The remaining three independent directors have been selected jointly.
The closing of the merger creates a market leader with an asset base of more than $1.3 billion, which the Company believes will allow it to capitalize on favorable market fundamentals in the mid-sized and smaller containership segments.
Ian Webber, Chief Executive Officer of Global Ship Lease, commented, “The completion of this transformational merger marks an important milestone in the evolution of Global Ship Lease. This transaction provides us with an attractive portfolio of assets, greatly enhanced financial and strategic flexibility, and preferential access to a highly capable, integrated platform. In addition, the closing of Poseidon Containers’ refinancing prior to the closing of this transaction further reduces our pro forma leverage and adds significant net asset value beyond what was contemplated at the time of our original announcement. The additional equity value created through the merger transaction, including the refinancing and the new charters, results in a total net asset value per share increase of 52%, to $2.58.”
George Youroukos, Executive Chairman of Global Ship Lease, concluded, “With a modern, 38-vessel fleet of mid-sized and smaller containerships, we are in a strong position to provide leading liner companies with greater scale and vessel diversity to best meet their exacting needs. Our balance of fixed rate, longer-term charters and short-to-medium-term charters provides us with a solid base of predictable cash flows, while still maintaining exposure to significant cash flow upside in a rising charter market. Driven by supportive market fundamentals and the expanded capabilities and commercial relationships of the enlarged Company, we are confident in the long-term prospects for our newly expanded fleet and believe that GSL is in an excellent position to take advantage of attractive growth opportunities, further reduce leverage, and create lasting value for all stakeholders.”
*Opportunistic Refinancing of a Portion of Poseidon Containers’ Secured Bank Debt*
Prior to closing the merger, Poseidon Containers opportunistically refinanced $228.8 million of its secured bank debt that is collateralized by three new eco-design, wide-beam 9,115 TEU vessels. The refinancing achieved a 21% debt reduction of $48.2 million for no consideration. The new secured credit facility is for $180.5 million and matures in June 2022.
As a result of the opportunistic refinancing and the previously announced new charters, and based on gross debt and annualized third quarter Adjusted EBITDA, financial leverage will be approximately 4.7 times or 4.2 times based on debt net of cash. Further, the combined Company’s leverage is further reduced to 61% on a loan, net of cash, to charter-adjusted value basis.
*Previously Announced New Charters *
The Company previously announced that it has entered into the following new charters, materially improving its long-term cash flow visibility:
· Entered into five-year charters with CMA CGM for four 2013-built, 6,927 TEU containerships, Mary, Kristina, Katherine and Alexandra. The charters will deliver incremental annualized EBITDA of approximately $11.0 million compared to third quarter 2018 contracted rates. The new charter for Mary commenced recently, and the remaining three new charters will commence upon expiry of their existing charters during the first half of 2019. The new five-year charters are expected to generate total EBITDA of approximately $135 million over the five-year contract period.
· Entered into a new time charter with ANL, a wholly owned subsidiary of CMA CGM, for the 2003-built, 2,207 TEU containership, GSL Keta (formerly Delmas Keta). The new charter, commencing on or around November 20, 2018, is for a period of between seven and 10 months (at charterer’s option) at a rate of $8,450 per day, up from $7,800 per day under the preceding charter.
· Exercised options to extend the existing charters of the 2002-built, 2,207 TEU Marie Delmas and Kumasi to CMA CGM through December 31, 2019, at a rate of $9,800 per day. The Company retains additional options, in its favor, to further extend both charters through 2020.
The Company’s contracted revenue is approximately $720 million on a combined basis as of September 30, 2018. The enhanced long-term visibility through 2024 from contracted revenue and cash flow from new charters will strengthen GSL’s balance sheet and contribute to further deleveraging, which, together with increased EBITDA, will drive improvements in financial leverage, financial flexibility and refinancing opportunities.
*About Global Ship Lease*
Global Ship Lease is a leading independent owner of containerships with a diversified and fuel-efficient fleet of containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies.Global Ship Lease now owns 38 vessels ranging from 2,207 to 11,040 TEU, of which nine are Post-Panamax new-design eco wide beam, with a total capacity of 198,793 TEU and an average age, weighted by TEU capacity, of 10.7 years determined as at September 30, 2018.The average remaining term of the charters at September 30, 2018 was 2.4 years on a weighted basis.*Safe Harbor Statement*This press release contains forward-looking statements. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as "anticipate,""believe,""continue,""estimate,""expect,""intend,""may,""ongoing,""plan,""potential,""predict,""project,""will" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in "Risk Factors" in the Company's Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
The IGB Group
212-477-8438 Reported by GlobeNewswire 13 hours ago.
HOUSTON, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI), announced today that on November 15, 2018, the Company completed the sale of its North Yard facilities in Aransas Pass, Texas and certain associated equipment for $28 million. Kirk J. Meche, President and CEO of Gulf Island, stated, “The sale of the Texas North Yard is complete and is consistent with the timeline and proceeds previously announced in September of this year. The sale proceeds provide us with greater flexibility as we continue to strategically reposition ourselves to more diversified markets and customers. We continue to market our remaining assets held for sale.”
Gulf Island is a leading fabricator of complex steel structures, modules and marine vessels used in energy extraction and production, petrochemical and industrial facilities, power generation, alternative energy and shipping and marine transportation operations. The Company also provides project management for EPC projects along with installation, hookup, commissioning and repair and maintenance services. In addition, the Company performs civil, drainage and other work for state and local governments. The Company operates and manages its business through four operating divisions: Fabrication, Shipyard, Services and EPC, with its corporate headquarters located in Houston, Texas and fabrication facilities located in Houma, Jennings and Lake Charles, Louisiana.
*This press release contains forward-looking statements. Forward-looking statements are all statements other than statements of historical facts, such as projections or expectations relating to such topics as oil and gas prices, operating cash flows, capital expenditures, liquidity and tax rates. The words “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be,” “potential” and any similar expressions are intended to identify those assertions as forward-looking statements.
We caution readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking statements. Important factors that can cause our actual results to differ materially from those anticipated in the forward-looking statements include the cyclical nature of the oil and gas industry, changes in backlog estimates, suspension or termination of projects, timing and award of new contracts, financial ability and credit worthiness of our customers and consolidation of our customers, competitive pricing and cost overruns, entry into new lines of business, ability to raise additional capital, ability to sell certain assets, advancement on the SeaOne Project, ability to resolve dispute with a customer relating to a purported termination of contracts to build MPSVs, ability to remain in compliance with our covenants contained in our credit agreement, ability to employ skilled workers, operating dangers and limits on insurance coverage, weather conditions, competition, customer disputes, adjustments to previously reported profits under the percentage-of-completion method, loss of key personnel, compliance with regulatory and environmental laws, ability to utilize navigation canals, performance of subcontractors, systems and information technology interruption or failure and data security breaches and other factors described in more detail in “Risk Factors” in Item 1A of our annual report on Form 10-K for the year ended December 31, 2017, as updated by our subsequent filings with the U.S. Securities and Exchange Commission.
Investors are cautioned that many of the assumptions upon which our forward-looking statements are based are likely to change after the forward-looking statements are made, which we cannot control. Further, we may make changes to our business plans that could affect our results. We caution investors that we do not intend to update forward-looking statements more frequently than quarterly notwithstanding any changes in our assumptions, changes in business plans, actual experience or other changes, and we undertake no obligation to update any forward-looking statements.
For further information contact:
Kirk J. Meche
Chief Executive Officer
Westley S. Stockton
Chief Financial Officer
713.714.6100 Reported by GlobeNewswire 11 hours ago.
I am appalled that President Donald Trump did not show up to commemorate those who gave their lives at Belleau Wood. His chief of staff, retired Gen. John Kelly, a seasoned Marine and no stranger to inclement weather, was there. Trump could have put on his Make America Great Again baseball cap in case the […]
Reported by Seattle Times 11 hours ago.
Veteran university administrator Clive Houston-Brown, EdD, will join Western University of Health Sciences in 2019 in the newly created position of Vice President and Chief Technology Officer.
POMONA, Calif. (PRWEB) November 15, 2018
Veteran university administrator Clive Houston-Brown, EdD, will join Western University of Health Sciences in 2019 in the newly created position of Vice President and Chief Technology Officer.
Houston-Brown, currently Vice President for Human Resources, Information Technology, Facilities and Safety at the University of La Verne (ULV), will undertake his new position at WesternU effective February 1, 2019, following a transition period from his duties at ULV.
A strong consensus pick from a deep national pool of candidates, at WesternU Dr. Houston-Brown is tasked with envisioning and developing a comprehensive university strategy to implement and maintain optimal digital and information technology initiatives, services, and security while also leading other areas of University operations as directed by WesternU President Daniel R. Wilson, MD, PhD. He also will be a key member of the University senior management team and the Presidential Cabinet.
“Western University of Health Sciences warmly welcomes Dr. Clive Houston-Brown as he creates the role of Vice President and Chief Technology Officer,” President Wilson said. “We are most fortunate his talent and experience, broad and deep as they are, will help propel the mission of our special University forward. All at WesternU will come to know and appreciate Dr. Houston-Brown’s calm competence. As he joins the WesternU family early next year from our esteemed neighbor, the University of La Verne, he will ‘hit the ground with feet moving’!”
Houston-Brown joined ULV in 1997 as Director of Management Information Systems, and over the past 21 years served as Chief Information Officer, Associate Vice President for Facilities and Technology Services and CIO, and Vice President for Facilities and Technology Services before assuming his current title and duties in 2017. He arrived at ULV after a dozen years at California State University, Stanislaus, where he started as an administrative program analyst in 1985 before rapidly rising through the administrative ranks within Information Technology. He also taught undergraduate and graduate-level courses in business computing at CSU-Stanislaus and at ULV in residential, hybrid, and fully online courses focused on technology management.
Houston-Brown, a veteran of the U.S. Marine Corps, earned a doctorate in educational leadership from the University of La Verne, a master’s degree in systems management from Golden Gate University, and a bachelor’s degree in business administration from California State Polytechnic University, Pomona. He is a board member for Pomona Hope, and is current Foundation Chair and a past president of Pomona Rotary. He and his wife, Sherry, have five children and one granddaughter.
“I am honored to be selected for the position at WesternU and am excited by the opportunity to join such a fine institution,” Houston-Brown said. “I have always been impressed with the growth and success of the university and have enjoyed interacting and collaborating with its leaders and students over the years. WesternU’s mission and core values resonate with me; I look forward to becoming part of the team and participating in its continued success.” Reported by PRWeb 10 hours ago.
‘Pancake batter’ sea creatures are claiming marine territory off the Maine coast and prompting local scientists to study their habitats. Marine scientists said these ‘pancake batter’ sea creatures, also known as sea squirts, […]
The post ‘Pancake Batter’ Sea Creatures Are Thriving Near the Maine Coast appeared first on Geek.com. Reported by geek.com 10 hours ago.
The threatening message was sent to Marine Scotland’s base in Caithness in the wake of the DeeAnn Fitzpatrick scandal.
Reported by Daily Record 6 hours ago.
Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three and nine months ended September 30, 2018:
· Net income attributable to the Company of $2.2 million, or $0.01 per share, for the third quarter of 2018.
· Net loss attributable to the Company adjusted for certain non-cash items of $8.4 million, or $0.05 per share, for the third quarter of 2018.
· Spot TCE of $22,000 for VLCCs less than 15 years of age in the third quarter.
· Spot TCE of $35,000 booked for 74% of vessel days for VLCCs less than 15 years of age in the fourth quarter.
· In November 2018, ordered exhaust gas cleaning systems ("EGCS") for a further 12 vessels from Feen Marine Scrubbers Inc. ("FMSI"), increasing commitment to installing EGCS on 20 vessels.
· In November 2018, extended the terms of its senior unsecured loan facility of up to $275.0 million facility with an affiliate of Hemen Holding Ltd. by 12 months to November 2020.
Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS commented:
"Tanker markets are beginning to rebalance following 18 months of extremely challenging conditions and we are optimistic that the market has now exited the cycle trough. Oil inventory draws, fleet growth and production cuts have been against us, but these important factors are now turning in our favor. The most important factor, oil demand, remains strong.
Frontline has actively positioned its fleet to participate in the market upturn. We have a large fleet of modern and fuel-efficient vessels, with an average age of 4.1 years and our cash breakeven levels are among the most competitive in the industry. We expects that our positioning for IMO 2020, with our equity investment in FMSI and the planned installation of scrubbers on a number of our vessels, will result in a significant increase in cash generation should our market view unfold."
The average daily time charter equivalents ("TCE") earned by Frontline in the quarter ended September 30, 2018, the prior quarters and in the year ended December 31, 2017 are shown below, along with spot estimates for the fourth quarter of 2018 and the estimated average daily cash break-even ("BE") rates for the remainder of 2018:
*Average daily time charter equivalents ("TCEs")*
($ per day) Spot Spot estimates % covered Estimated average daily cash BE rates
*YTD 2018* *Q3 2018* *Q2 2018* Q1 2018 2017 Q4 2018 *2018*
VLCC *15,400* *19,900* *11,700* 14,900 22,400 34,000 77% *22,400*
SMAX *14,300* *13,500* *14,100* 15,400 17,300 24,000 65% *18,600*
LR2 *13,600* *14,300* *11,700* 14,800 14,400 17,000 59% *16,400*
The estimated average daily cash break-even rates are the daily TCE rates the vessels must earn in order to cover operating expenses including dry docks, repayments of loans, interest on loans, bareboat/tc hire and general and administrative expenses.
Questions should be directed to:
Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84
Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76
Matters discussed in this report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
Frontline Ltd. and its subsidiaries, or the Company, desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. This report and any other written or oral statements made by us or on our behalf may include forward-looking statements, which reflect our current views with respect to future events and financial performance, and are not intended to give any assurance as to future results. When used in this documents, the words "believe,""anticipate,""intend,""estimate,""forecast,""project,""plan,""potential,""will,""may,""should,""expect" and similar expressions, terms or phrases may identify forward-looking statements.
The forward-looking statements in this report are based upon various assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
In addition to these important factors and matters discussed elsewhere herein, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter hire rates and vessel values, changes in the supply and demand for vessels comparable to ours, changes in world wide oil production and consumption and storage, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company's vessels, availability of financing and refinancing, our ability to obtain financing and comply with the restrictions and other covenants in our financing arrangements, availability of skilled workers and the related labor costs, compliance with governmental, tax, environmental and safety regulation, any non-compliance with the U.S. Foreign Corrupt Practices Act of 1977 (FCPA) or other applicable regulations relating to bribery, general economic conditions and conditions in the oil industry, effects of new products and new technology in our industry, the failure of counter parties to fully perform their contracts with us, our dependence on key personnel, adequacy of insurance coverage, our ability to obtain indemnities from customers, changes in laws, treaties or regulations, the volatility of the price of our ordinary shares; our incorporation under the laws of Bermuda and the different rights to relief that may be available compared to other countries, including the United States, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents, political events or acts by terrorists, and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission or Commission.
We caution readers of this report not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward looking statements.This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.*Attachment*
· Third Quarter 2018 Results.pdf Reported by GlobeNewswire 3 hours ago.
Reference is made to the stock exchange release issued on 7 November 2018, where Marine Harvest announced that it had exercised its right to redeem the outstanding bonds under the EUR 340 million five year convertible bond issued by Marine Harvest in 2015, maturing on 5 November 2020 (ISIN NO 001 0748742) par value plus accrued interest.
The loan agreement provided the bondholders the period up to and including 15 November 2018 to convert their bonds into shares.
Bondholders representing an aggregate principal loan amount of EUR 211.2 million have elected to convert their bonds into shares. The conversion price is EUR 13.0630 per share. Marine Harvest will accordingly issue approximately 16.2 million new shares. The new shares will be issued on or about 22 November 2018. As a consequence, some of the bondholders will receive the shares earlier than the conversion date pursuant to the loan agreement. Such early delivery shall not amend or affect the bondholders' rights under the loan agreement.
In addition, the company received a conversion notice of EUR 0.5 million on 6 November 2018, one day prior to exercising the call option, and will arrange for conversion in accordance with the bond agreement.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 2 hours ago.
For those who design and oversee the installation and integration of electronics systems in residences and commercial buildings, Smart Technology Systems (STS) is a professional and accredited certification program developed by ETA® International. The STS now includes the requirements of the Internet of Things being used within Smart Buildings and Smart Homes to validate the knowledge and skills required to be proficient in the many protocols used over diverse media to communicate with and control today’s residential and light commercial electronics systems.
GREENCASTLE, Ind. (PRWEB) November 16, 2018
As the Internet of Things (IoT) continues to grow, ETA International recognized that the professional trade association’s Residential Electronics Systems Installer (RESI) certification needed a revision to certify electronics technicians in the ever-growing field of Smart Technology Systems (STS).
As Internet technology began to spread across the world, it was understood that the Internet Protocol version 4 (IPv4) would limit the growth of the Internet around the world and the Internet Engineering Task Force (IETF) initiated the design and development of IPv6 to support the expanding use of the Internet. Since IPv6 now allows for multiple levels of sub-netting and address allocation, it can support the massive proliferation of devices connected to the Internet.
Twenty years ago, if you wanted to connect devices such as lights, appliances, and HVAC system controls to a single remote control smart system, it was usually done using an X-10 controller system which could be programmed to turn things on and off based on time and a limited number of sensors. The X-10 used the AC wiring system in a building to carry the signals to the X-10 boxes scattered around the building, which each had its own discreet address based on an alpha numeric address scheme; however, the X-10 was not necessarily connected to the Internet.
With the development of additional radio wave technologies and optical cabling, devices within buildings can now be connected not only by local area networks (LANs), but also by Z-Wave, Zigbee, Bluetooth and local Mesh networks which allow devices to be located almost anywhere within a building without limiting their ability to communicate with the Internet.
Technicians now have a whole new world of connected devices to control within a home or building. Devices range from many different types of remote sensors to almost every appliance and electronics device that can be found in today’s modern buildings. Since many collections of devices within a smart building can now be addressed and controlled via the Internet with smart phones, tablets or remote computers, it is essential for technicians to be able to identify the ways that those devices and components within a smart building can be connected.
The STS focuses on proficiencies to produce a residential or light commercial electronics systems package that allows all data, control, and communication signals to be integrated at the premise controller and converged into one secure cohesive communication stream, to either be used within the premise or to be passed back and forth through the gateway. It addresses what smart technologies will mean for technicians and engineers based on American National Standards Institute (ANSI), Telecommunication Industry Association (TIA), and Electronic Industries Association (EIA) standards.
ETA offers two levels of expertise for those who install and integrate smart electronics technology into structural systems: the Basic STS and the Master STS. Basic STS installation technicians are responsible for interconnecting electronics communications, data, computer, control or entertainment equipment and converging signals into one faultless system. The Master STS certification prerequisites include successfully completing the Basic STS certification in addition to earning each of the four STS endorsements: Audio/Video, Computer Networking, Security/Surveillance, and Environmental Controls.
Endorsements for the STS are also being revamped. The Audio/Video endorsement will now include closed circuit TV (CCTV) systems, a new endorsement will be added for Environmental Controls (HVAC, automated lawn sprinkler systems, etc.), and once completed, Computer Networking and Security/Surveillance will round out the STS certification endorsements.
ETA has enlisted the help of many electronics technicians on the STS committee, including: Rich Agard, RESIma, Southeast PA Transit Authority; John Baldwin, CETsr; Clifton Beck, Jones Lang Lasalle Americas; Chuck Brooks, eITprep; John Bosnack, Hoosier WiFiGuy; Joseph Delio, CETma, IWA Technical Services Inc.; John Dings, RESI; Marilyn Fernandez, RESI, United States Marine Corp; Michael Goshen, CST, ITS, NST; J.B. Groves, FOIT, FOT-OSP, ITS, Wharton County Junior College (TX); Lawrence Hardman, US Army; Ed Kirkpatrick, PVI1; Rick Pinkava, Cuyahoga Valley Career Center; Charles Poole, MI Career and Technical Center; Randy Reusser, Gateway Technical College and John Rooks, AL State University.
About ETA - Since 1978, ETA has delivered over 200,000 certification examinations successfully. Widely recognized and frequently used in worker job selection, hiring processes, pay increases, and advancements, ETA certifications are often required as companies bid on contracts. ETA’s certifications are personal and travel with the individual, regardless of employment or status change and measure competencies of persons, not products or vendors. All ETA certifications are accredited through the International Certification Accreditation Council (ICAC) and align with the ISO-17024 standard. http://www.eta-i.org
Download this press release at – http://www.eta-i.org/pr/Industry_Changes_Prompt_ETA_to_Revamp_Smart_Technologies_Certification_Program.pdf
# # # Reported by PRWeb 2 hours ago.
Dublin, Nov. 16, 2018 (GLOBE NEWSWIRE) -- The "Gears, Drives and Speed Changers - Global Strategic Business Report" report has been added to *ResearchAndMarkets.com's* offering.The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets.
*This report analyzes the worldwide markets for Gears, Drives and Speed Changers by the following End-Use Sectors:*
· Others*The report profiles 298 companies including many key and niche players such as:*
· ABB Ltd. (Switzerland)
· Bharat Gears Ltd. (India)
· Bonfiglioli Riduttori S.P.A. (Italy)
· BorgWarner, Inc. (USA)
· Bosch Rexroth AG (Germany)
· Cone Drive (USA)
· Curtis Machine Company, Inc. (USA)
· Danfoss Group (Denmark)
· David Brown Santasalo (UK)
· Eaton Corporation Plc (Ireland)
· Emerson Electric Co. (USA)
· FLSmidth MAAG Gear (Switzerland)
· Horsburgh & Scott (USA)
· Hub City, Inc. (USA)
· Kanzaki Kokyukoki Manufacturing Co. Ltd. (Japan)
· Marine Gears, Inc. (USA)
· Oerlikon Graziano (Italy)
· Rexnord Corp. (USA)
· Schneider Electric (France)
· SEW Eurodrive (Germany)
· Siemens AG (Germany)
· Sumitomo Drive Technologies (USA)
· Twin Disc, Inc. (USA)
· ZF Friedrichshafen AG (Germany)
*Key Topics Covered*1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study
2. INDUSTRY OVERVIEW
An Introductory Prelude
Automotive Industry - A Bellwether of Market Prospects
Developing Countries Continue to be Growth Engines
Recovery in Global GDP Promises Stronger Growth for Gears, Drives & Speed Changers Industry
Acceleration in Global PMI Benefits Market Growth
Improving US Economy Augurs Well for the Market
Cyclical Upturn Encourages Positive Manufacturing Outlook in Asia-Pacific
Off-Shoring of Manufacturing Activity Boosts Demand in Developing Countries
3. MARKET TRENDS, GROWTH DRIVERS AND ISSUES
Growth in Automobiles Production Spurs Market Demand
Gears - Vital Component of Automotive Systems
Key Trends in Automotive Gearbox Market
Growing Popularity of Steer-by-Wire Technology Drives Future Demand for Power Steering Gears
Rising Average Vehicle Life Drive Demand for Aftermarket Gears and Drives
Industrial Gearboxes Market - An Overview
Asia-Pacific Leads the Industrial Gearboxes and Gear Motors Market
Growing Aerospace Sector Augurs Well for Market
Surging Air Traffic to Drive Growth in Aircraft Landing Gear Market
Landing Gears Market for Commercial Aircrafts Witness Surge Due to Growing Passenger Numbers
Heavy Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
Need for High Quality Gears for Uninterrupted Production Process Driving Gears Demand
Stable Outlook for Oil & Gas Bodes Well for Hydraulic Drilling Equipment
Steady Growth in Global Power Generation Activity Spurs Demand
Growing Focus on Exploiting Wind Energy Spurs Growth in Wind Turbine Gear Market
Gears Used in Nuclear Power Plants to Witness Growth
Robust Demand for Construction Equipment Offers Growth Opportunities
Growing Demand for Mining Equipment Boosts Growth in Gear & Gearbox Market
Mechanization of Agriculture Spurs Growth
A Segmental Overview
The Evolution of Industrial Gears
Plant Automation and Electromechanical Machinery Driving Gears Demand
Gear Assemblies Find Increasing Demand
Automatic Transmission Systems Gain Prominence - Drive Demand for Planetary Gears in Automotive Market
Commercial Aircraft Landing Gears Gain Rapid Acceptance
CVT: A Long Term Threat to Gear Market?
Wide Scale Applicability Ensures Secure Future
Mechanical Drives Continues to Lose Share to Electric and Hydraulic Drives
Electric Drives - A Review
Advantages Offered by Electric Drive Technology Propel its Adoption in Hoists, Cranes and Elevators
Technological Innovations Power Replacement Market for Electric Drives
Global AC Drives Market Overview
Direct Torque Control: New Technological Development in AC Drives
Hydraulic Drives Too Grow in Popularity
Variable Frequency Drives Continue to Witness Growth
Growing Impact of Technology
Powder Metallurgy Makes Headway in Automotive Transmission Parts Production
CAD Furthers Gear Design
4. PRODUCT OVERVIEW
5. COMPETITIVE LANDSCAPE
Competitive Structure in AC Motor Drives Market
Medium and Low Voltage Motor Drive Market
5.1 Focus on Select Global Players
5.2 Product Launches
Tribine Launches Custom Rotor Gearbox
BorgWarner Launches High-Performance Electric Drive Module (eDM)
Affolter Unveils Micro Gear Hobbing and WSPS Solutions
Dana Launches New Series of Brevini Heavy-Duty Winch Drives
Nord Launches SK 02040.1 Helical Worm Gear Unit
Dana Unveils Spicer Select Drivetrain Products
5.3 Recent Industry Activity
Nidec Acquires MS-Graessner
Twin Disc Acquires Veth Propulsion
Meritor Acquires AA Gear & Manufacturing
DANA Corporation Acquires GKN Driveline
Bosch Acquires Hytec
Machinists Acquires The Gear Works
Yaskawa to Acquire Yaskawa Siemens Automation & Drives
Timken to Acquire Cone Drive
DBS Partners with Wrtsil to Deliver Gearboxes for the US Navy
Dana Collaborates with Mecalac to Develop Customized e-Drivetrain System
Triumph Wins Contract from Sierra Nevada to Produce Landing Gear System
Oerlikon Divests Drive Systems Segment to Dana
RANDYS Acquires Zumbrota Bearing and Gear
BG Engineering Acquires Pentag
The Hi-Tech Gears Acquires Teutech Industries
HBM Holdings Acquires Schafer Industries
6. GLOBAL MARKET PERSPECTIVE*Total Companies Profiled: 298 (including Divisions/Subsidiaries - 338)*
· The United States (70)
· Canada (3)
· Japan (12)
· Europe (211)
· France (6)
· Germany (76)
· The United Kingdom (40)
· Italy (35)
· Spain (7)
· Rest of Europe (47)
· Asia-Pacific (Excluding Japan) (40)
· Middle East (1)
· Latin America (1)
For more information about this report visit https://www.researchandmarkets.com/research/2sz452/gears_drives_and?w=12
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Belt and Chain Drives Reported by GlobeNewswire 13 minutes ago.
(2018-11-16) Kitron has signed a three-year manufacturing agreement for electronic modules for electric wheelchairs with a leading producer of complex rehab technology. In total, the agreement is expected to generate revenues of NOK 150 million.
Production will take place at Kitron's plants in Sweden and the US.
"The customer's focus on innovation and quality has led to solid growth, and this is an important agreement with significant present and future potential for Kitron," said Kitron COO and Sales Director Israel Losada Salvador.
*For further information please contact:*
Peter Nilsson, President and CEO, tel. +47 94 84 08 50
Israel Losada Salvador, COO and Sales Director, tel. +47 99 15 91 38
*Kitron* is one of Scandinavia's leading electronics manufacturing services companies for the Energy/Telecoms, Industry, Defence, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 2,4 billion in 2017 and has about 1,450 employees. www.kitron.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 21 hours ago.
DGAP-News: Pacific Green Technologies Inc. / Key word(s): Miscellaneous
16.11.2018 / 15:15
The issuer is solely responsible for the content of this announcement.
*SAN JOSE, CA / ACCESSWIRE / November 16, 2018 /* Pacific Green Technologies Inc. (PGT) (OTCQB: PGTK), owner of the ENVI-Marine ^TM Exhaust Gas Scrubbing System, is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc. (PGMT), has executed an agreement for US$17.9m to manufacture and install ENVI-Marine^TM Systems on six vessels owned by Ridgebury Holdings LLC.
PGT's JV partner, PowerChina SPEM Company Limited, will manufacture the systems at one of its factories in Wuxi, China with CSSC Chengxi Shipyard, Shanghai, China installing between June and September 2019 in advance of the IMO legislations for stricter sulphur emissions standards that come into force on 1 January 2020.
*About Pacific Green Technologies, Inc.*
Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting-edge technologies designed to meet increasingly stringent environmental standards.
For more information, visit PGT's website:
Neil Carmichael, President and Director
Pacific Green Technologies
T: +1 (408) 538-3373
*About Ridgebury Holdings LLC*
Ridgebury is a dynamic and resourceful company with a growing fleet of crude and refined-product tankers.
For more information, visit Ridgebury Holdings' website:
*About POWERCHINA SPEM Co. Ltd*
POWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC and owned by the Chinese Government. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGT technology throughout China.
*Notice Regarding Forward-Looking Statements:*
This news release contains 'forward-looking statements,' as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that PGT's emission control system has significant potential to be a market leader in China.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, and the continuation of the JV with POWERCHINA SPEM resulting in definitive agreements. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
*SOURCE:* Pacific Green Technologies Inc.
16.11.2018 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 --------------------
Company: Pacific Green Technologies Inc.
End of News DGAP News Service Reported by EQS Group 20 hours ago.
Magnify / A ridicule-up of what the Water-Cross-Spherical might seem like. Golden Gate 0 Emissions Marine All aboard: development of a hydrogen gas cellular boat, with objectives to be the primary of its form to run commercially, used to be introduced on Thursday in San Francisco. A startup known as Golden Gate 0 Emission Marine …
Reported by The News Articles 20 hours ago.
Houston, Texas, U.S., Nov. 16, 2018 (GLOBE NEWSWIRE) -- The International Association of Geophysical Contractors (IAGC) has launched a new website, ModernizeMMPA.com to highlight the impacts of bureaucratic red tape and misapplication of the Marine Mammal Protection Act (MMPA) on its members and the offshore energy industry at large.The website identifies specific flaws in the MMPA, including overlapping and burdensome regulations, lack of regulatory accountability, vague language and exploitation by anti-energy opportunists. As a result of these systemic shortcomings, the MMPA functions as a de facto ban on geophysical seismic surveying in some U.S. waters.
“IAGC is disappointed by the extensive delays and hurdles our members face as a result of the MMPA’s outdated language and redundant, complicated review processes,” said Nikki Martin, President of the IAGC. “We are launching this new website to draw attention to these issues and highlight the impact they are having on our members and the U.S. energy industry overall. Steps must be taken to reduce bureaucratic delay and cut the burdensome regulatory red tape holding back the offshore energy exploration industry in the U.S. In the time that our members have been waiting for MMPA authorizations, the country of Mexico has transformed its entire energy sector.”
In January 2018, the Government Accountability Office (GAO) released a report on offshore seismic surveys which found that current delays in the issuance MMPA authorizations is a result of bureaucratic dysfunction and unnecessary stalling. Last week marked the 1,200^th day of government delay and inaction on Atlantic Incidental Harassment Authorizations (IHAs) for seismic surveys off the U.S. East Coast, just one of the instances of extreme delays created by the MMPA.
Seismic surveying technology has been used extensively for over 50 years around the world, with no known detrimental impact to marine life, commercial fishing or tourism. Seismic surveying activity is a critical component of responsible energy resource development, contributes to reducing the overall environmental footprint associated with energy exploration and provides valuable data on the dynamic processes that shape our coasts.
Now, the U.S. is falling behind in seismic information gathering, exploration activity and energy development due to the bureaucratic delays caused by the vague language and broken regulatory processes in the MMPA. Since 2014, Mexico has leased over 21,000,000 acres of offshore area for exploration and production in the Gulf of Mexico, more than four times the acreage leased by the U.S. Meanwhile, the U.S. is the only Atlantic margin country that is not exploring its shores for oil and gas resources.
The IAGC supports and fosters science- and risk-based regulations consistent with existing practices that are proven to be environmentally responsible, effective and operationally feasible. Through our Modernize MMPA site and campaign, the IAGC urges lawmakers and regulators to help bring the MMPA into the 21st Century by enacting common sense modifications.
*About the IAGC*
The IAGC represents more than 110-member companies worldwide from all segments of the geophysical and exploration industry and is the only trade organization solely dedicated to representing the industry. It is the leader in geophysical technical and operations expertise. For more than 45 years, the IAGC has worked to optimize the business and regulatory climate, and enhances public understanding to support a strong, viable geophysical industry essential to discovering and delivering the world's energy resources.
CONTACT: Gail Adams-Jackson
International Association of Geophysical Contractors
email@example.com Reported by GlobeNewswire 20 hours ago.
Dublin, Nov. 16, 2018 (GLOBE NEWSWIRE) -- The "Oil & Gas Sensors Market by Type (Pressure, Level, Flow,Temperature), Connectivity (Wired, Wireless), Application (Remote Monitoring, Condition Monitoring, Analysis), Sector (Upstream, Midstream, Downstream), and Region - Global Forecast to 2023" report has been added to *ResearchAndMarkets.com's* offering.The oil & gas sensors market is expected to grow from USD 7.4 billion in 2018 to USD 9.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8%, from 2018 to 2023.The oil & gas sensors market is driven by various factors, such as increasing adoption of ultrasonic sensors and increasing demand for sensors due to refining capacity additions. However, rising investments in the renewable sector can hinder the growth of the oil & gas sensors market.
*"Pressure sensors segment is expected to grow at a higher CAGR during the forecast period"*
Pressure sensors segment is the fastest growing segment in the oil & gas sensors market. This sensor is used to measure the pressure of gases or liquids. They are used to provide accurate and reliable data to detect small changes in the pressure usually in the upstream and midstream sector. Hence, increasing use of pressure sensors for upstream and midstream applications is expected to result in the highest CAGR of pressure sensors segment.
*"Remote monitoring segment is expected to hold the largest market share during the forecast period"*
Remote monitoring includes pipeline integrity monitoring, tank level monitoring, equipment-based condition monitoring (CBM), pipeline Pressure Relief Valve monitoring, refineries Pressure Relief Valve monitoring, wellhead automation, and monitoring. Remote monitoring can reduce the maintenance cost in marine environments, which are mostly corrosive and require more maintenance.
*"Asia Pacific is expected to record the highest growth rate during the forecast period"*
Asia Pacific is expected to have the highest growth rate during the forecast period because of the increasing energy consumption in the region. The oil demand in Asia Pacific would grow by an average of 2% annually by 2023. This would be driven by the rising consumption of petrochemical materials such as ethane and naphtha. It is projected that Asia Pacific would account for roughly 60% of the global oil product demand growth in the next 5 years.
The oil & gas sensors market comprises major solution providers, such as Emerson (US), ABB (Switzerland), GE (US), Indutrade (Sweden), BD sensors (Germany), Lord (US), MTS Sensors (US), Bosch (Germany), Rockwell (US), TE Connectivity (Switzerland), Fortive (US), and Siemens (Germany). The study includes an in-depth competitive analysis of these key players in the oil & gas sensors market, with company profiles, recent developments, and key market strategies.*Recent Developments*
· In May 2018, Siemens introduced a new generation temperature transmitter for various sensor types that provide results in extreme temperatures up to -5 degree Celsius. It uses 4 wire connection for both sensors SITRANS TH420 and TR420 to increase data accuracy and reliability.
· In March 2018, ABB expanded its operations network with a new collaborative operations center for the oil, gas, and chemical industries in Norway.
· In May 2017, Emerson introduced a new platform for its Rosemount X-well technology for surface sensing temperature measurement solutions.
· In May 2016, Fortive (Gems Sensors) launched a new Ultrasonic Level Sensor, XLS-1. The ultrasonic sensing technology enables the level sensor to sense oil, water, and harsh chemicals, while ignoring foam and condensation.
*Key Questions addressed by the report*
· The report identifies and addresses key markets for oil & gas sensors, which would help manufacturers review the growth in demand.
· The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
· The report will help key players understand the strategies of their competitors better and make better strategic decisions.
· The report addresses the market share analysis of key players in oil & gas sensors market, and with the help of this companies can enhance their revenues in the respective market.
· The report provides insights about emerging geographies for oil & gas sensors, and the entire market ecosystem can gain competitive advantage from such insights.*Key Topics Covered:**1 Introduction*
*2 Research Methodology*
*3 Executive Summary*
*4 Premium Insights*
4.1 Oil & Gas Sensors Market, By Country
4.2 Oil & Gas Sensors Market, By Connectivity
4.3 Oil & Gas Sensors Market, By Type
4.4 Oil & Gas Sensors Market, By Application
4.5 Oil & Gas Sensors Market, By Sector
4.6 Asia Pacific Oil & Gas Sensors Market
*5 Market Overview*
5.2 Market Dynamics
18.104.22.168 Increasing Adoption of Ultrasonic Sensors
22.214.171.124 Increasing Demand for Sensors Due to Refining Capacity Additions
126.96.36.199 Growing Iot in Oil & Gas Industry
188.8.131.52 Rising Investment in the Renewable Sector Would Affect the Demand for Sensors
184.108.40.206 Increasing Unconventional Drilling Techniques Such as Mpd and Directional Drilling
220.127.116.11 Growing Offshore Investments
18.104.22.168 Low Acceptance Level Toward Adopting New Technologies
*6 Oil & Gas Sensors Market, By Type*
6.2 Pressure Sensor
6.3 Temperature Sensor
6.4 Level Sensor
6.5 Flow Sensor
*7 Oil & Gas Sensors Market, By Application*
7.2 Remote Monitoring
7.2.1 Asia Pacific is Projected to Be the Largest Market for Remote Monitoring
7.3 Condition Monitoring & Maintenance
7.3.1 North America is Projected to Be the Fastest Growing Market for Condition Monitoring & Maintenance
7.4 Analysis & Simulation
7.4.1 North America is Expected to Hold the Largest Market Share
*8 Oil & Gas Sensors Market, By Connectivity*
8.2.1 North America is Expected to Be the Fastest Growing Market
8.3.1 Wireless is Expected to Be the Fastest Growing Segment
*9 Oil & Gas Sensors, By Sector*
*10 Oil & Gas Sensors Market, By Region*
10.2 North America
10.2.1 By Sector
10.2.2 By Type
10.2.3 By Connectivity
10.2.4 By Application
10.2.5 By Country
10.3 Asia Pacific
10.3.1 By Sector
10.3.2 By Application
10.3.3 By Type
10.3.4 By Connectivity
10.3.5 By Country
10.3.5.5 Rest of Asia Pacific
10.4.1 By Sector
10.4.2 By Type
10.4.3 By Connectivity
10.4.4 By Application
10.4.5 By Country
10.4.5.6 Rest of Europe
10.5 Middle East & Africa
10.5.1 By Sector
10.5.2 By Type
10.5.3 By Connectivity
10.5.4 By Application
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.5 Rest of Middle East & Africa
10.6 South America
10.6.1 By Sector
10.6.2 By Application
10.6.3 By Type
10.6.4 By Connectivity
10.6.5 By Country
10.6.5.4 Rest of South America
*11 Competitive Landscape*
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Mergers and Acquisitions
11.3.3 Expansions and Investments
*12 Company Profiles*
*13 Company Profiles*· ABB Ltd
· BD Sensors
· General Electric (GE)
· MTS Sensor Technologies GmbH
· TE Connectivity
For more information about this report visit https://www.researchandmarkets.com/research/f7qqv9/9_4_billion_oil?w=12
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Oil, Gas and Chemical Sensors Reported by GlobeNewswire 20 hours ago.
VALCOURT, Quebec, Nov. 16, 2018 (GLOBE NEWSWIRE) -- BRP Inc. (TSX: DOO; NASDAQ: DOOO) will hold its third quarter FY2019 financial results conference call on Friday, November 30, 2018 at 9 a.m.(ET). José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will discuss the results and address questions from analysts on a conference call.The press release will be distributed on Canadian and American newswires on Friday, November 30, at approximately 6 a.m. (ET).
For investors and analysts:
800-564-3880 (toll-free in North America)
Event code 4296044
Click here for international dial-in numbers
Webcast Click here to access the webcast
Business media are allowed to join the call but will not be permitted to ask questions. This webcast will also be live on the Internet here and accessible to media and interested participants. An archived recording will be available here two hours after the event for 30 days following the original broadcast.*About BRP
*We are a global leader in the world of powersports vehicles and propulsion systems built on over 75 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Alumacraft and Manitou boats, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. We support our lines of product with a dedicated parts, accessories and clothing business to fully enhance your riding experience. With annual sales of CA$4.5 billion from over 100 countries, our global workforce is made up of around 10,350 driven, resourceful people.
Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, Alumacraft, Manitou and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.
*For information: *
Senior Advisor, Media Relations
For investor relations:
Reported by GlobeNewswire 19 hours ago.
KEMP, Texas, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting and equipment sectors, announced the release of a hazardous location mushroom pushbutton switch for combustible areas. This hazardous location switch is made for sites with a Class I, Division 2, Class I, Zone 1 and Zone 21, Class II, Divisions 1 and 2 and Class III rating. This maintained-action, 1-HP rated unit that can handle up to 690V AC voltage and 20 amps.The HLSW-SS-PB20-ESTP hazardous location pushbutton switch comes equipped with a red mushroom head pushbutton switch that contains one normally open contact block, which does not flow current in its normal state. This unit also features one normally closed contact block, which does flow current in its normal state. This unit is compatible with requirements for wall or panel mounting and is equipped with four mounting slots on the back for easy mounting during installation.
Larson Electronics’ durable maintained contact switch is made of sturdy 316 stainless steel and features silicone gasketing throughout. This hazardous location pushbutton operates at a temperature range of -50˚C to +60˚C and has NEMA-rated protection for use in commercial and industrial settings that may be considered hazardous. For completing electrical connections, one 3/4” NPT stainless-steel hub is available.
“This push button switch provides operators in hazardous locations with a simple solution to control mechanisms in heavy-duty machines,” said Rob Bresnahan, CEO of Larson Electronics LLC. “The unit is surface mount compatible, so it’s easily accessible and doesn’t invade on busy industrial operations.”
*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
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/70b77001-9f36-46b1-bc79-ab8fb0aaace2 Reported by GlobeNewswire 18 hours ago.
The 35-year-old blew her top when she saw woman chatting to Royal Marine she fancied. Then she blew her nose at policeman
Reported by North Devon Journal 18 hours ago.
HARTFORD, Conn. (AP) — Thousands of Navy and Marine Corps veterans of Iraq and Afghanistan who developed post-traumatic stress disorder but were denied Veterans Affairs health benefits have been given a green light to sue the military,...
Reported by New Zealand Herald 17 hours ago.
If you have, you will want to read AS Solution's new book Public Figures, Private Lives: An Introduction to Protective Security for High Net Worth Individuals and Family Offices.
BELLEVUE, Wash. (PRWEB) November 16, 2018
Available for sale now on Amazon, Public Figures, Private Lives: An Introduction to Protective Security for High Net Worth Individuals and Family Offices, by Christian West, Brian Jantzen, Ivor Terret, and Jared Van Driessche is a powerful read that provides real-life scenarios of what it takes to keep high profile individuals safe and secure. Family office CSOs and former Secret Service agents are calling this book the most informative book they've read on what actually takes place in the protection of the very prominent.
"Comprehensive, instructive and always practical, this book provides an outstanding overview for those new to the business and plenty of thoughtful insights for those who have been working in family security for years. A successful collaboration by four authors who know their material and are able and willing to share it." --ERIC POWELL, Chief Security Officer, Private Family Office
"Having served twenty years as a supervisory special agent in the United States Secret Service, my advice is this: If you're involved in protective security for high net worth families or individuals as a practitioner, principal, or anywhere else in the estate or family office you want to read this excellent introduction by the best guys in the industry. This is also a must-read for anyone who wants to transition into the field from government service." --SCOTT B. ALSWANG, Director of the Association of the Former Agents of the United States Secret Service, EVP SOS Security
"This book, definitely the first of its kind, is destined to become a bible for executive protection specialists and high net worth individuals and families around the globe. The authors are highly qualified and specialized in international executive protection and know their subject. No fairytales, no fiction, just real-world non-fiction. It s a pleasure to read and worth every minute of my time. Thank you, guys, for caring and sharing your deep insights." --THOMAS GEPPERT, Head of Corporate Security, Deutsche Börse Group
ABOUT THE BOOK:
Security experts Christian West, Brian Jantzen, Ivor Terret, and Jared Van Driessche draw on decades of experience to enlighten readers on the complex security required to protect high net worth individuals and families in today’s world.
This book has no intention of being a “how to” manual. Rather, it presents a pragmatic overview to inform those concerned or curious about what it takes to provide high-end security for prominent high net worth individuals and families with special protection needs. Whether you are a protector or a stakeholder in the family office and estate ecosystems, this book will provide you with a better understanding of real protective security and help remove any Hollywood misconceptions so that you can be better equipped to ask the right critical questions.
The book is structured in four parts: foundations of family protective security, management concerns, program transitions, and personnel issues. Each part begins with an anonymized, but illustrative story that brings home the personal and sensitive nature of executive protection when it is embedded inside a family. Finally, the book closes with 11 real-life cases drawn from AS Solution’s experience as the industry leader in providing protection for high net worth individuals and families.
ABOUT THE AUTHORS
Christian has been active in the executive protection industry since the late 1980s, when he worked for Danish musicians who relocated to Hollywood. Upon returning to Denmark, he founded his own EP company, which he quickly grew into Scandinavia's largest, before it was acquired by Securitas.
Christian founded AS Solution in 2003, and again in 2009 followed his international clients to the US, where he is now based. An active member of ASIS and a leader in the corporate executive protection industry, Christian has personally planned and led high-profile engagements in over 76 countries for a wide variety of corporate and high net worth individual clients, including the international roadshow for the biggest IPO in history.
After leaving the US Marine Corps as a captain in the early 1990s, Brian pioneered corporate executive protection services internationally for Fortune 500 companies, high net worth families and NGOs.
Brian has provided protection at the highest levels of corporate and philanthropic environments in over 35 countries. With his demonstrated ability to align security operations with both the client's organizational goals and personal preferences, Brian uses his strong relationship building, collaboration and project and vendor management expertise to create security solutions that deliver program efficiencies and customer satisfaction. Brian graduated from the University of Washington with a BA in Sociology and is the subject matter expert chair for the ASIS Executive Protection Council.
Ivor Terret, is currently based in Israel, where upon leaving national service in the Israel Defense force and Israeli Police he was selected to help found and architect a government Surveillance Detection and Covert Security Unit tasked with protecting Heads of State and Strategic Sites.
Ivor brings over two decades of international counter terror experience at both the official and private sector levels and holds an MSc in Security and Risk Management from the University of Leicester where he was awarded the esteemed Dissertation of the Year Award for his research. Ivor served as the elected Chairperson of the ASIS Israel Chapter for year 2016 and 2017.
Jared Van Driessche
Over the course of his diverse eighteen-year career, Jared has planned, executed and led close protection details for CEOs, dignitaries, board of directors, celebrities, media, and various public figures on more than 300 international trips to over 70 different countries. He has extensive international exposure, including the provision of close protection and threat assessment to clients in high-risk environments throughout Africa, Asia, Central America, South America, Europe, and the Middle East.
For over three years, Jared worked as the Director of Operations, for one of the nation's leading executive protection firms and was responsible for strategic leadership and oversight of all full-time embedded operations worldwide overseeing more than 400 protective and intelligence agents which entailed the cultivation, development and quality control of executive protection programs across the globe.
For over seven years, he was the detail leader of one of the largest private protective details in the country for a CEO and his family. While later serving as a Los Angeles & San Francisco Regional Director with a world renowned executive protection firm, Jared oversaw sixteen full-time protective details and managed over 80 full-time security agents in his region.
While working with various industry leaders, Jared has ensured the safety, security, and privacy of numerous at-risk public figures and their families -- providing them close-protection in all facets of their life to include: organizing scheduled (and non-scheduled) public appearances, motorcades, planning routes, establishing safe zones, maintaining site/venue security and liaising with foreign protective agents to ensure the safe arrival, stay and departure of traveling public figures.
In addition to his operational responsibilities, Jared has consulted large corporations on workplace violence, emergency planning, business vulnerabilities, executive safety, and threat mitigation practices. Reported by PRWeb 16 hours ago.