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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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    · Revenues Increased 29%
    · Record Bookings of $36.5 million
    · Record Backlog of $23.6 million
    · Board of Directors Authorizes New $5.0 Million Share Repurchase Program

    SAN DIEGO, Dec. 13, 2018 (GLOBE NEWSWIRE) -- *LRAD Corporation (NASDAQ: LRAD)*, a global leader in long range voice broadcast systems, advanced mass notification systems, and distributed recipient software solutions, today announced financial results for its fiscal year ended September 30, 2018.

    “Revenues in fiscal year 2018 increased 29% from fiscal 2017 to $26.3 million,” remarked Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “The revenues came in under our expectations when $4.7 million in scheduled September shipments were delayed due to unexpected government funding issues primarily in one Asia Pacific country. We expect the government funding issues will be resolved and the orders to ship in fiscal Q2 and Q3 of 2019.”

    *Fiscal Year 2018 Financial Summary*

    *• Revenues*: Fiscal year 2018 revenues totaled $26.3 million, compared to $20.3 million in fiscal year 2017.

    · The 29% increase in revenues was primarily driven by increases of 24% and 16% in the acoustic hailing device (“AHD”) and mass notification (“MN”) business segments, respectively, and a $1.5 million partial-year contribution from Genasys Holdings S.L. (“Genasys”).
    · Domestic revenues increased 102% while international revenues decreased 11% due to the aforementioned shipment delays caused by unexpected government funding issues primarily in one Asia Pacific country.

    *• Net Loss*: The Company reported a net loss of $3.7 million, or $0.12 per share, for fiscal 2018, compared with a net loss of $877,000, or $0.03 per share, in fiscal 2017.

    · Net loss was higher in fiscal 2018 due largely to the previously announced $2.4 million non-cash income tax expense related to a reduction in the value of the Company’s deferred tax asset, which resulted from the reduction to the U.S. corporate income tax rate for the calendar year ended December 31, 2018.
    · Gross profit margin was 48.4%, compared to 50.6% in the prior fiscal year, largely due to higher manufacturing facility expenses associated with overlapping lease payments at two facilities.
    · Operating expenses increased $3.1 million, or 28%, from fiscal 2017, primarily due to $1.2 million of Genasys’ operations, acquisition related costs of $371,000, $352,000 of computer systems related expenses, and $239,000 of facility expenses due to the Company’s relocation to a larger facility and the overlap of leases.

    *• Balance Sheet*: Cash and cash equivalents totaled $11.1 million at September 30, 2018, down from $12.8 million at September 30, 2017.

    · Lower cash and cash equivalents were primarily due to $2.4 million of cash outlays to acquire Genasys Holdings in January 2018, $1.2 million to pay down Genasys’ promissory notes, and $725,000 used for Company stock repurchases, partially offset by $2.4 million of proceeds from the exercise of stock options.
    · Working capital totaled $21.1 million at September 30, 2018, compared to $25.4 million at September 30, 2017. The reduction in working capital was primarily due to the acquisition of Genasys.

    “Fiscal 2018 was a year of investment and transition for the Company as we made our first acquisition by purchasing Genasys, a leading distributed recipient software solutions provider, we relocated to a facility with more engineering and manufacturing space to support current and expected business growth, and we implemented a new ERP system to streamline our business processes,” Danforth added. “While making these investments, we grew bookings to a record $36.5 million, up 29% compared to last fiscal year, resulting in a record backlog of $23.6 million at September 30, 2018, almost double last fiscal year’s backlog.”

    *Select Fiscal Year 2018 Operating and Business Highlights*

    · Announced our largest domestic order to date, an $11.0 million U.S. Army Program of Record order that is part of a larger AHD requirement.
    · Acquired Genasys, a leading software provider of advanced location-based mass messaging solutions for emergency warning systems and workforce management. 
    · Received $5.4 million in AHD orders from Southeast Asia for public safety, law enforcement, defense, border, and maritime security applications.
    · Announced $5.3 million in other U.S. Military and Government AHD, spares, and accessories orders for the U.S. Army, Navy, Air Force, Marine Corps, and State Department.
    · Announced $2.5 million in mass notification orders for LRAD 360-XT systems integrated with a gas detection alarm and LRAD’s solar power option, and a Federal Emergency Management Agency (“FEMA”) funded critical infrastructure project.
    · Moved into a facility with expanded engineering and manufacturing capacity to support current and expected future business growth.
    · Repurchased 286,746 shares of LRAD common stock for $725,445, or $2.53 per share. $3.2 million remains on the buyback program as of September 30, 2018.

    The Company’s Board of Directors recently authorized a new share repurchase program, under which the Company may repurchase up to $5 million of its outstanding shares of common stock through December 31, 2020. The new program will take effect when the current repurchase program expires.

    “Since joining the Company two years ago, we have grown revenues 24% in fiscal 2017, 29% in fiscal 2018, and we expect revenue growth to accelerate in fiscal 2019,” concluded Danforth. “Based on our $23.6 million backlog at September 30, 2018, the strength of the current bookings forecast, and our substantial business pipeline, we expect positive cash flow, profitability, and record fiscal year revenues in 2019.”

    We include in this press release Non-GAAP operational metrics of bookings and backlog, which we believe provide helpful information to investors with respect to evaluating the Company’s performance. We consider bookings and backlog as leading indicators of future revenues and use these metrics to support production planning. Bookings is an internal, operational metric that measures the total dollar value of customer purchase orders executed in a period, regardless of the timing of the related revenue recognition. Backlog is a measure of purchase orders received that have not been shipped, but are planned to ship within the next 12 months.

    The Company may repurchase shares in open market transactions or under Rule 10b5-1 trading plans from time to time in its discretion, based on ongoing assessments of the Company’s capital needs, the market price of its common stock and general market conditions. Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices or under one or more trading plans adopted to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company will carry out all such repurchase transactions in compliance with Rule 10b-18 under the Exchange Act and other applicable laws, rules and regulations.

    *Webcast and Conference Call Details
    *Management will host a conference call to discuss fiscal year 2018 financial results this afternoon at 4:30 p.m. E.T. To access the conference call, dial toll-free 888.390.3967, or international at 862.298.0702. A webcast will also be available at the following link:
    https://www.webcaster4.com/Webcast/Page/1375/28649.

    A replay of the call will be available approximately four hours after the call concludes and remain available for 90 days at the aforementioned webcast link. Questions to management may be submitted before or during the call by emailing them to: investor@lrad.com.

    *About LRAD Corporation
    *The Company's proprietary Long Range Acoustic Devices^® and advanced Genasys™ mass notification systems and mobile alert solutions are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, resolve uncertain situations, and save lives.

    LRAD systems are in service in 72 countries around the world in diverse applications including mass notification, defense, law enforcement, public safety, homeland and border security, critical infrastructure protection, fire rescue, incident management, maritime and port security, and wildlife control and preservation. For more information, please visit LRAD.com.

    *Forward Looking Statements 
    *Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management’s expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2017. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

    *Company Contact
    *E. Brian Harvey
    Director, Investor Relations and Capital Markets
    858.753.8974  
    ebharvey@lrad.com

    *LRAD Corporation and Subsidiary*
    *Condensed Consolidated Balance Sheets*
    *(000's omitted)*
        * * * *  
        *September 30,*
        *(unaudited)* * * * *
        *2018* * * *2017*
             
    *ASSETS*        
    *Current assets:*        
    Cash and cash equivalents   $ 11,063   $ 12,764
    Short-term marketable securities     3,592     4,360
    Restricted cash     404     -
    Accounts receivable, net     2,786     5,682
    Inventories, net     6,734     5,257
    Prepaid expenses and other     3,091     983
    *Total current assets*     27,670     29,046
    *Long-term marketable securities*     1,201     711
    *Long-term restricted cash*     340     40
    *Deferred tax assets, net*     5,957     8,331
    *Property and equipment, net*     2,449     510
    *Goodwill*     2,446     -
    *Intangible assets, net*     1,557     56
    *Prepaid expenses and other - noncurrent*     241     164
    *Total assets*   $ 41,861   $ 38,858
             
    *LIABILITIES AND STOCKHOLDERS' EQUITY*        
    *Current liabilities:*        
    Accounts payable   $ 3,083   $ 1,112
    Accrued liabilities     3,200     2,562
    Notes payable, current portion     297     -
    *Total current liabilities*     6,580     3,674
             
    Notes payable, less current portion     53     -
    Other liabilities, noncurrent     1,739     -
    *Total liabilities*     8,372     3,674
             
    *Total stockholders' equity*     33,489     35,184
    *Total liabilities and stockholders' equity*   $ 41,861   $ 38,858
             

     

    *LRAD Corporation and Subsidiary*
    *Condensed Consolidated Statements of Operations*
    *(000's omitted except share and per share amounts)*
                   
      *Three months ended*   *Years ended*
      *September 30,*   *September 30,*
        *2018*       *2017*     *2018*       *2017*  
      *(unaudited)*   *(unaudited)*   *(unaudited)*   * *
                   
    *Revenues* $ 3,296     $ 7,501   $ 26,307     $ 20,314  
    *Cost of revenues*   2,248       3,090     13,567       10,036  
    *Gross profit*   1,048       4,411     12,740       10,278  
                   
    *Operating expenses:*              
    Selling, general and administrative   3,082       2,687     10,693       8,586  
    Research and development   859       641     3,523       2,500  
    Total operating expenses   3,941       3,328     14,216       11,086  
                   
    (Loss) income from operations   (2,893 )     1,083     (1,476 )     (808 )
    Other income and expense, net   33       34     107       129  
    (Loss) income before income taxes   (2,860 )     1,117     (1,369 )     (679 )
    Income tax (benefit) expense   (418 )     951     2,376       198  
    *Net (loss) income** * $ (2,442 )   $ 166   $ (3,745 )   $ (877 )
                   
    *Net (loss) income per common share - basic and diluted* $ (0.07 )   $ 0.01   $ (0.12 )   $ (0.03 )
    *Weighted average common shares outstanding:*              
    *Basic and diluted*   33,020,947       31,955,209     32,492,645       31,855,430  
                Reported by GlobeNewswire 7 hours ago.

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    Now with more torque and lower system weight than a gas-powered outboard system

    SEATTLE (PRWEB) December 13, 2018

    Located on the shore of Lake Union, Pure Watercraft set out to redefine boating with their Pure Outboard electric motor. In the process, they developed a battery pack with the highest energy density in marine, matching that of the best electric cars.

    The 118 lb battery pack uses industry-leading Panasonic lithium-ion cells and has a capacity of 8.85 kWh. More energy per pound means a boat can get up on plane more easily and stay on plane for longer. Active thermal management leads to longer battery life and the ability to travel greater distances at high speed.

    It’s also clean. The Pure Outboard emits no exhaust or noxious fumes, spills no oil or gas into the water, and is whisper quiet. It starts at the touch of a button, is immediately ready to drive, and charges easily via a standard 120V or 240V outlet available in most garages and marinas. Between the savings in fuel costs and the elimination of maintenance costs, a typical outing will cost about one or two dollars in electricity.

    “Our team built the outboard motor and battery pack system from the ground up,” says Andy Rebele, founder and CEO of Pure Watercraft. “Throughout the process, each component has been designed to maximize efficiency.”

    The current system is set to replace traditional combustion outboards up to 40 horsepower. Range depends on use: a typical 16’ aluminum fishing boat equipped with two battery packs could go 4-5 MPH for about 30 hours, or 25 MPH for about an hour. Charge time is as fast as 90 minutes from half to full charge using a 240V outlet.

    The quiet speed of the outboard has already caught the attention of anglers seeking a competitive edge. Likewise, elite rowing teams such as Harvard, Yale, Stanford and the University of Washington have pre-ordered the Pure Outboard for their coaches. “We’re eagerly awaiting the Pure Watercraft system because it will transform how we coach our team,” says Michael Callahan, Head Coach of men’s rowing at the University of Washington.

    Pure Watercraft is starting customer deliveries in January 2019 and is currently accepting $500 pre-order deposits. A system starts at $14,500 for a Pure Outboard motor and one battery pack.

    For more information and to pre-order your Pure Outboard now, please visit: https://www.purewatercraft.com/

    About Pure Watercraft
    Seattle-based Pure Watercraft was started by Andy Rebele in 2011 with the dream to make boating more enjoyable, accessible, and environmentally friendly than ever before.

    Media Contact:
    Nicole Brunet
    408-761-1803 Reported by PRWeb 6 hours ago.

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    KEMP, Texas, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting sector, announced the release of a temporary tunnel LED string light system providing 126,000 lumens for work areas in tunnels, overpasses or mines up to one mile in length. This unit is designed for high-output illumination and daisy chain connections up to a total length of 1,200 feet away from the power source.The WAL-SL-MJ-120-LED-10.4-L22 temporary tunnel string light features 120, 10-watt industrial grade LED lights with 10 feet of 10/4 SOOW cord between each unit stretching to 1,200 feet in total length. Each mason jar lamp comes with a high-output A19 style LED, each producing 1,050 lumens of light for a total lumen output of 126,000. Each 10-watt LED draws on 10% of the electrical power of a standard 100-watt bulb, making this unit suitable for standard and low voltage applications.

    Each LED is screwed into an E26 lamp socket and housed in a copper-free aluminum bird-cage-style metal guard fitted with a tempered glass diffuser. This string light set is connected to a 277V power source through an integrated five-foot line-in cable and comes with five feet of output whip. This unit also features quick disconnects every 300 feet for seamless installation.

    Multiple sting light sections can be daisy chained together with 10-foot whips terminated in twist lock connectors with a maximum of 15 stringer lights that can be daisy chained together for a total length of 6,000 feet. This unit features rear-mounted brackets and a hook eyelet on the back of each lamp housing for easy overhead hanging.

    *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

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4d1b1691-99b4-46c0-89b0-4d5b7ec89184 Reported by GlobeNewswire 6 hours ago.

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    WASHINGTON (AP) — U.S. Marine Corps leaders say it will cost around $3.6 billion to repair the extensive damage to Camp Lejeune in North Carolina from Hurricane Florence.The September storm caused massive flooding, coastal erosion... Reported by New Zealand Herald 6 hours ago.

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    American conservationist Kristine Tompkins says the creation of Argentina's first marine national parks is a milestone that gets it close to meeting its U.N. recommended goal for 2020 Reported by Newsday 6 hours ago.

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    LPG Carrier "LAUREL PRIME"Seventh Vessel of Its Type for Astomos Energy

    - Energy efficient vessel compatible with major LPG terminals worldwide and the expanded Panama Canal
    - Built by MHI Marine Structure in Nagasaki, with tank holding capacity of 83,000m3

    TOKYO, Dec 14, 2018 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, held a christening ceremony yesterday for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The new ship, named LAUREL PRIME, will be the seventh vessel of its type for Astomos Energy. In addition to energy saving performance, the ship will have the capability to adapt flexibly to major LPG terminals worldwide, as well as specifications compatible with the newly expanded Panama Canal. Completion and delivery is scheduled for the end of December 2018. The vessel will be operated by Nippon Yusen Kaisha (NYK Line).

    The christening ceremony, held at the Koyagi Plant of MHI's Nagasaki Shipyard & Machinery Works, was attended by representatives of the ship owner, along with many other guests. Astomos Energy President Seiya Araki named the ship, while his wife performed the ceremonial rope cutting.

    The LAUREL PRIME has a length of 230m, width of 36.6m, and depth of 21.65m, with a draft of 11.1m. Deadweight tonnage is approximately 48,300 tons, with total tank holding capacity of 83,000m3. Launching took place on September 12, 2018. Construction was managed by MHI Group Company, Mitsubishi Heavy Industries Marine Structure Co., Ltd., based in Nagasaki.
    The new vessel utilizes a unique hull form derived from the design and manufacturing capabilities, providing exceptional fuel efficiency and high compatibility to the various LPG terminals in the world. This is the 11th vessel in its LPG carrier series.

    Going forward, Mitsubishi Shipbuilding and MHI Marine Structure will continue development of LPG carriers with exceptional fuel efficiency and sustainable performance, in order to contribute to stable energy supplies and environmental conservation.

    About Mitsubishi Heavy Industries, Ltd.

    Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems,""Industry & Infrastructure,""Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

    For more information, please visit MHI's website: https://www.mhi.com
    For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com
    Contact:
    Corporate Communication Department
    Mitsubishi Heavy Industries, Ltd.
    Email: mediacontact_global@mhi.co.jp
    Tel: +81-(0)3-6716-2168
    Fax: +81-(0)3-6716-5860Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com Reported by ACN Newswire 1 hour ago.

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    Research unlocks secrets of iron storage in algae East Boothbay ME (SPX) Dec 14, 2018

    New research shows that phytoplankton iron storage strategies may determine which species thrive in changing oceans and impact marine food webs, according to a recent paper in the Proceedings of the National Academy of Sciences. The research examined two primary methods of iron storage and found that one makes species more resilient against shortages of the rare and essential element. "The Reported by Terra Daily 19 hours ago.

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    Climate change also wiped out life on Earth 252 million years ago Washington (UPI) Dec 13, 2018

    Some 252 million years ago, nearly all live on Earth vanished. The fossil record suggests some 96 percent of all marine life disappeared, and scientists suspect the magnitude of losses on land was similar. But until now, scientists weren't sure what exactly caused the massive Permian Period extinction, an even known as the Great Dying. Researchers knew a series of volcanic erupti Reported by Terra Daily 19 hours ago.

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    Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Electrostatic Precipitator - Global Market Outlook (2017-2026)" report has been added to *ResearchAndMarkets.com's* offering.

    Global Electrostatic Precipitator market accounted for $11.78 billion in 2017 and is expected to reach $18.76 billion by 2026 growing at a CAGR of 5.3% during the forecast period.

    Increasing stringency of international standards toward reducing air emissions coupled with rapid industrialization across the emerging economies are the key driving factors for the market growth. However, the emergence of different alternate &renewable energy sources for power plants is factors are hindering the market growth.

    Electrostatic Precipitator systems (ESP) are prominently used for controlling particulate being emitted during various industrial processes and boilers. Electrostatic precipitator uses electrostatic force to capture dust particles coming out of an incoming gas. An electrostatic precipitator system typically consists of following elements: a power supply such as transformer & rectifier, an ionizing source, dust removal mechanism, and an external enclosure to collect & discharge the dust. Eliminating harmful content coming out of flue gases is necessary in preventing water and soil acidification, maintain adequate ozone level at the ground level and to contain the risk of various respiratory or cardiovascular diseases, cancer and fertility problems.

    Based on End User, the Power generation accounted for considerable market share during the forecast period. Increasing electricity demand from emerging economies along with the need to curb SO3 emissions will stimulate the product demand across power plants. Adoption of several emission control measures across coal fired power plants will fuel the product adoption. Rising investments in refining capacities coupled with robust demand for superior petroleum products will substantially increase the product adoption. High potential of conversion to wide variety of industrial and consumer products including plastics, fertilizers, detergents, textiles and solvents will complement the global market scenario.

    By Geography, Asia Pacific market is likely to be one of the most attractive markets during the forecast period. Asia is the market leader for new systems as well as the repair & upgrade of existing ESPs. This is mainly due to addition of a large number of power plants in China and other emerging economies in this region. Major demand is also expected in India, where coal-fired generation occupies a majority segment of the overall power generation mix.

    Some of the key players profiled in the Electrostatic Precipitator Market include Airpol, Amec Foster Wheeler, Babcock & Wilcox, Balcke-Durr, Beltran Technologies, Ducon Technologies, EWK Umwelttechnik, FLSmidth, Fujian Longking, GE Power, Hitachi, Johnson Controls, PPCAIR, and Siemens.

    *Designs Covered:*

    · Plate
    · Tubular

    *Products Covered:*

    · Electric Ball Valve
    · Floating Ball Valve
    · Pneumatic Ball Valve

    *Technologies Covered:*

    · Wet ESP
    · Dry ESP
    · Plate-Wire ESP
    · Wire-Plate ESP
    · Wire-Pipe ESP

    *Applications Covered:*

    · Coal Fired Generation
    · Electric Arc Furnaces
    · Gas Turbines
    · Solid-Waste Incinerators
    · Industrial Power
    · Other Applications

    *End Users Covered:*

    · Cement
    · Chemicals & Petrochemicals
    · Food & Beverage
    · Manufacturing Industry
    · Marine
    · Metal Processing
    · Mining
    · Oil and Gas
    · Papermaking Industry
    · Petrochemical industry
    · Pharmaceutical
    · Power Generation
    · Pulp and Paper
    · Steel industry
    · Textile and wool industry
    · Water and Wastewater
    · Wood industry
    · Other End Users

    *Companies Mentioned *· Airpol
    · Alstom SA
    · Amec Foster Wheeler
    · Babcock & Wilcox
    · Balcke-Drr
    · Beltran Technologies
    · Clean Tunnel Air International AS
    · Ducon Technologies
    · EWK Umwelttechnik
    · FLSmidth
    · Fujian Longking
    · GE Power
    · GEECO Enercon Pvt Ltd
    · Hitachi
    · Johnson Controls
    · PPCAIR
    · Siemens
    · Thermax Ltd
    · Total Air Pollution Control Pty
    · Trion Inc

    For more information about this report visit https://www.researchandmarkets.com/research/4wsfph/global?w=12

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    CONTACT:
    CONTACT: ResearchAndMarkets.com
    Laura Wood, Senior Press Manager
    press@researchandmarkets.com
    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: Air Purification Reported by GlobeNewswire 17 hours ago.

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    Eberspaecher Yuchai Joint Venture Company Formally Incorporated SINGAPORE, Dec. 14, 2018 /PRNewswire/ -- *China Yuchai International Limited (NYSE: CYD) *("China Yuchai" or the "Company") announced today that, further to the press release on August 28, 2018, regarding the signing of a joint venture contract by a subsidiary of Guangxi Yuchai Machinery Company Limited  - Guangxi Yuchai Exhaust Technology Co., Ltd. ("YETC") and Eberspaecher Exhaust Technology International GmbH ("Eberspaecher"), the joint venture company, Eberspaecher Yuchai Exhaust Technology Co. Ltd. ("Eberspaecher Yuchai"), is now formally incorporated.

    Eberspaecher and YETC will respectively hold 51 percent and 49 percent shareholding interest of Eberspaecher Yuchai. The registered capital of Eberspaecher Yuchai is RMB 120 million, with YETC's share being contributed by internal funding.

    Eberspaecher Yuchai will develop, produce and market new exhaust emission control systems for trucks, buses, farming equipment and industrial machinery. Headquartered in Esslingen am Neckar, Germany, Eberspaecher is the world's leading exhaust technology provider with approximately 10,000 employees at 80 locations worldwide. As the most stringent emission standards for China are to be implemented in 2020, Eberspaecher Yuchai is strategically positioned for the trend of vehicle upgrades in both off-road and on-road markets as well as contribute to the future environmental balance in China.

    Weng Ming Hoh, President of China Yuchai, commented, "The Chinese government is determined to better the environment and reduce emissions in China. We take pride in our commitment to providing the best-in-class products to meet the fast-growing market demand for more stringent emission control systems."

    *About China Yuchai International*

    China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2017, GYMCL sold 367,097 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.

    *Safe Harbor Statement *

    This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward looking statements are applicable only as of the date it is made and the Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

    For more information, please contact:

    Kevin Theiss
    Tel: +1-212-521-4050
    Email: cyd@bluefocus.com

    View original content:http://www.prnewswire.com/news-releases/eberspaecher-yuchai-joint-venture-company-formally-incorporated-300765621.html

    Related Links :

    http://www.cyilimited.com Reported by PR Newswire Asia 17 hours ago.

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    According to the report, the global Nylon 66 market was valued at USD 4.63 billion in 2017 and is expected to reach USD 5.70 billion by 2024, growing at a CAGR of 3.0% between 2018 and 2024.

    New York, NY, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled *“Nylon 66 Market by Grade (Fiber Grade and Resin Grade) and by Application (Textiles, Industrial/Machinery, Carpets, Automotive, Consumer Goods & Appliances, Carpets, Packaging, Films & Textiles, and Other Applications (Wires & Cables, etc.)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024”*. According to the report, the global Nylon 66 market was valued at USD 4.63 billion in 2017 and is expected to reach USD 5.70 billion by 2024, growing at a CAGR of 3.0% between 2018 and 2024.

    Nylon 66 is widely used and most popular engineering thermoplastic materials. Nylon 66 has excellent mechanical properties apart from being cost-effective. Moreover, the Nylon 66 has the ability to resist high temperatures and hence it is highly preferred in high-temperature applications. It is synthesized by polycondensation of Adipic acid (ADN) and Hexamethylenediamine (HMDA).

    *Browse through 55 Tables & 33 Figures spread over 110 Pages and in-depth TOC on “Global Nylon 66 Market Size & Share 2018 Report: By Industry Type, Growth, Segments, Analysis and Forecast 2024”.*

    *Request Free Sample Report of Global Nylon 66 Market Report @ *https://www.zionmarketresearch.com/sample/nylon-66-market

    The Nylon 66 market is likely to be driven by increasing product use in the engineering plastics for engine mechanisms and vehicle engines and rising electronic and electrical production over the forecast time period. However, the unavailability of raw materials and rising prices of Nylon 66 might limit the market. Nevertheless, the key players are investing extensively in the market to enhance the production of Nylon 66, which is anticipated to create lucrative opportunities in the Nylon 66 market globally over the estimated timeframe.

    The Nylon 66 market is fragmented into grade and application. By grade, the Nylon 66 market is segmented into resin grade and fiber grade. The resin grade held the largest market share in 2017, both in terms of revenue and volume. Resin grade plays an important role in the manufacturing of electronic components and light-weight car engine components. It enhances the performance of glass fibers and helps in the manufacturing of light-weight vehicles. On the basis of application, the Nylon 66 market is segmented into textiles, carpets, industrial/machinery, consumer goods and appliances, automotive, packaging, films and coatings, and others (cables & wires, etc.). The automotive segment accounted for the largest market share in 2017, owing to its properties, such as lightweight and emission reduction.

    *Download Free Report PDF Brochure: *https://www.zionmarketresearch.com/requestbrochure/nylon-66-market

    North America held the highest share of Nylon 66 market in 2017. It is expected to be the dominating region in the projected years due to the rising presence of electronics and automotive industries in the region. The thriving electronic and automotive industries and the growing use of nylon 66 for the production of interior plastic equipment and component for electric appliances are anticipated to drive this market. In 2017, the U.S held the largest market share in North America and is anticipated to be the dominating country in the future. The high-temperature-resistant feature, growing demand for lightweight engineering plastics for electrical and electronics and automotive applications, and the presence of major players in the region are likely to drive the Nylon 66 market in the U.S.

    The Asia Pacific was the second largest Nylon 66 market share in 2017, owing to high demand from both the emerging and developed countries of the region. China was the largest market in 2017 and is estimated to maintain its dominance in the future. Major manufacturers of nylon 66 are expanding their manufacturing facilities in China. INVISTA established its manufacturing plant of Nylon 66 in 2016 in Shanghai Chemical Industry Park (SCIP) in China. Taiwan and India are likely to exhibit a substantial rate of growth during the projected years. Government incentives and availability of skilled labor at lower costs in developing countries are expected to spur this regional Nylon 66 market.

    Browse the full *"Nylon 66 Market by Grade (Fiber Grade and Resin Grade) and by Application (Textiles, Industrial/Machinery, Carpets, Automotive, Consumer Goods & Appliances, Carpets, Packaging, Films & Textiles, and Other Applications (Wires & Cables, etc.)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024"* Report At https://www.zionmarketresearch.com/report/nylon-66-market

    Nylon 66’s supply is anticipated to increase in the second half of 2018 in Europe, as Nylon 66 manufacturers are trying to solve the issues related to the production of caprolactam (Nylon 66’s raw material). Many manufacturers and sellers, including Ascends Performance Materials, have announced an increase in the costs of Nylon 66 fibers and resins in the Asia Pacific, Europe, and North America. Force majeure of various manufacturers and regular increase in the demand for Nylon 66 in Europe are likely to spur the product prices in the upcoming years.

    The Middle Eastern and African and Latin American markets are anticipated to exhibit sluggish growth over the projected years in the nylon 66, due to low economic growth and industrial growth and the region’s under-developed automotive and electronic industries.

    *Inquire more about this report before purchase @ *https://www.zionmarketresearch.com/inquiry/nylon-66-market

    The key players operating in the global Nylon 66 market are UBE INDUSTRIES, Ltd., BASF SE, Ascend Performance Materials LLC, Ensinger GmbH, LANXESS, RadiciGroup, Asahi Kasei Corporation, Royal DSM, DowDuPont Inc., CELANESE CORPORATION, and EMS-GRIVORY, among others.

    *Request customized copy of report @* https://www.zionmarketresearch.com/custom/3626

    *This report segments the Nylon 66 market as follows:
    Nylon 66 Market: Grade Analysis*

    · Fiber Grade
    · Resin Grade

    *Nylon 66 Market: Application Analysis*

    · Textiles
    · Industrial/Machinery
    · Carpets
    · Automotive
    · Consumer Goods & Appliances
    · Electrical & Electronics
    · Packaging
    · Films & Coatings
    · Others (Wires & Cables, etc.)

    *Nylon 66 Market: Regional Analysis*

    · North America

    · The U.S.

    · Europe

    · UK
    · France
    · Germany

    · Asia Pacific

    · China
    · Japan
    · India

    · Latin America

    · Brazil

    · The Middle East and Africa

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    · *Adhesives Films Market:* https://www.zionmarketresearch.com/report/adhesives-films-market
    · *Marine Lubricants Market:* https://www.zionmarketresearch.com/report/marine-lubricants-market
    · *Composite Coatings Market: *https://www.zionmarketresearch.com/report/composite-coatings-market
    · *3D Printing Metals Market: *https://www.zionmarketresearch.com/report/3d-printing-metals-market
    · *Coated Fabrics Market:* https://www.zionmarketresearch.com/report/coated-fabrics-market                                       

    *About Us:*

    Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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    *Blog:* http://zmrblog.com Reported by GlobeNewswire 17 hours ago.

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    Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Global Gangway Systems Market 2019-2023" report has been added to *ResearchAndMarkets.com's* offering.

    The gangway systems market will register a CAGR of more than 6% by 2023.

    Owing to the increased need for aiding the passengers and offering safety, various vendors in the market are introducing innovative features in gangways. Market players are also focusing on using robust material of construction which can resist high wear and tear.

    *Market Overview*

    *Rising investments in urban rail transit *

    The rising need for reducing traffic congestion and improving transportation facilities is propelling several economies in Asia for planning the mass transit metro railway projects in the urban areas. Countries including China and India are investing considerably in the mass transit rail projects, in turn, accelerating the growth of the market.

    *Delays in airport and railway constructions*

    Since the railway and airport projects are often constrained due to the lack of adequate permit issues and capital, there are frequent delays between planning, construction, and completion of the projects. Such delayed execution of projects often hampers the market revenue of vendors, in turn, hindering the market's growth.

    *Competitive Landscape*

    The market appears to be fragmented and the competitive environment is expected to turn quite intense owing to the increasing initiatives of the vendors to leverage modern technologies for offering safer and customized gangways catering to the evolving customer requirements. Due to the growing need to differentiate their products offerings, various gangway systems manufacturers are focusing on introducing new and improved products to attain competitive advantage and boost the gangway systems market value

    *Key Topics Covered:*

    *PART 01: EXECUTIVE SUMMARY*

    *PART 02: SCOPE OF THE REPORT*

    · Preface
    · Currency conversion rates for US$

    *PART 03: MARKET LANDSCAPE*

    · Market ecosystem
    · Market characteristics
    · Market segmentation analysis

    *PART 04: MARKET SIZING*

    · Market definition
    · Market sizing 2018
    · Market size and forecast 2018-2023

    *PART 05: FIVE FORCES ANALYSIS*

    · Bargaining power of buyers
    · Bargaining power of suppliers
    · Threat of new entrants
    · Threat of substitutes
    · Threat of rivalry
    · Market condition

    *PART 06: MARKET SEGMENTATION BY APPLICATION*

    · Market segmentation by application
    · Comparison by application
    · Trains - Market size and forecast 2018-2023
    · Airports and seaports - Market size and forecast 2018-2023
    · Buses - Market size and forecast 2018-2023
    · Market opportunity by application

    *PART 07: CUSTOMER LANDSCAPE*

    *PART 08: GEOGRAPHIC LANDSCAPE*

    · Geographic segmentation
    · Geographic comparison
    · APAC - Market size and forecast 2018-2023
    · EMEA - Market size and forecast 2018-2023
    · Americas - Market size and forecast 2018-2023
    · Key leading countries
    · Market opportunity

    *PART 09: DECISION FRAMEWORK*

    *PART 10: DRIVERS AND CHALLENGES*

    · Market drivers
    · Market challenges

    *PART 11: MARKET TRENDS*

    *PART 12: VENDOR LANDSCAPE*

    · Overview
    · Landscape disruption
    · Competitive scenario

    *PART 13: VENDOR ANALYSIS*

    · Vendors covered
    · Vendor classification
    · Market positioning of vendors
    · ADELTE Group
    · China International Marine Containers (CIMC)
    · Dellner Couplers
    · FMT Holding
    · HBNER

    *PART 14: APPENDIX*

    For more information about this report visit https://www.researchandmarkets.com/research/z6zs28/global_gangway?w=12

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    CONTACT:
    CONTACT: ResearchAndMarkets.com
    Laura Wood, Senior Press Manager
    press@researchandmarkets.com
    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: Maritime Reported by GlobeNewswire 16 hours ago.

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    With the increasing demand for group II and group III base oil, manufacturers are prompted to produce more base oil, which is reflecting greatly on Marine Lubricants market.

    Albany, New York, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The global marine lubricants market is anticipated to grow steadily over the coming years, as reported by Transparency Market Research (TMR). The recent entry of several market players is expected to contribute towards making the competitive landscape fragmented. Earlier, the global marine lubricants market was composed of a handful of leading vendors. However, their dominance is being challenged by new entrants that are armed with technological expertise. The emergence of novel manufacturing techniques is being leveraged by new vendors to gain momentum in the global marine lubricants market.

    Established vendors in this market are expected to adopt several organic and inorganic strategies to reinstate their position. They are expected to invest in effective marketing ploys to demonstrate their continued integrity. At the same time, medium-sized players are expected to form strategic partnerships with smaller players to beat the larger vendors.

    *Request A Sample of **Marine Lubricants Market: **https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1096*

    Key vendors operating in the global marine lubricants market are Gulf Oil Marine Ltd., Royal Dutch Shell Plc, ExxonMobil Corp., China Petrochemical Corp., and Idemitsu Kosan Co. Ltd.

    The global marine lubricants market was estimated to be worth US$2.32 bn in 2015. According to TMR’s projections, the market is envisaged to rise at a 4.17% CAGR over the forecast period 2016 to 2024. By the end of 2024 the market is anticipated to be worth US$3.33 bn.

    *Request For Multiple Chapters: **https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=1096*

    *Surge in Sea-Borne Trade to Boost Growth*

    Over the globe, over 80% of exchange is done through seaways as it is the most cost-effective medium when contrasted with aviation routes and roadways. Lubricants with predominant attributes and quality will aid upkeep and support of water vessels, along these lines enhancing their timeframe of realistic usability. Positive pointers towards development in shipbuilding industry is foreseen to drive marine lubricants market. Solid application potential attributable to high film quality which results in consumption obstruction and enhanced gear dependability is probably going to the product demand in shipbuilding industry.

    Furthermore the expanding the travel industry exercises combined with recreational activities and cruising exercises will likewise bolster marine lubricants market growth. Expanding disposable incomes has prompted critical increment in marine activities, for example, water sports and yachting, along these lines boosting demand in the global marine lubricants market.

    *Request For Discount On This Report: **https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=1096*

    *Bio-based Oils to Emerge as Key Market Trend *

    Lubricants are accessible in different viscosities for various hardware work. The ship stacking limits are likewise viewed as while choosing marine lubricants. Mineral oil is better solvent with added substances and offers upgraded similarity with seal at low expenses. The interest for mineral oil is in this way most astounding in contrast with different lubricants. Manufactured lubricators are utilized in extreme natural conditions and are moderately more costly than mineral oil. Bio-based oils are degradable and accordingly meet the expanded natural wellbeing prerequisite, this has caused bio-based oils to acquire footing over different lubricants. The trend is expected to positively impact the global marine lubricants market in the coming years.

    *Browse Press Release: **https://www.transparencymarketresearch.com/pressrelease/marine-lubricants-market.htm*

    The review is based on TMR’s report titled “*Marine Lubricants Market (Product Type - Mineral Oil, Synthetic Oil, and Bio-based Oil; Application - Engine Oil, Hydraulic Oil, Gear Oil, Turbine Oil, Heat Transfer Fluids (HTFs), Compressor Oil, and Grease; Operation - Inland and Offshore Operation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.*

    The report segments the market into the following parameters:

    *Global Marine Lubricants Market, By Product Analysis*

    · Mineral oil
    · Synthetic oil
    · Bio-based oil

    *Global Marine Lubricants Market, By Application*

    · Engine oil
    · Hydraulic oil
    · Turbine oil
    · Gear oil
    · Heat Transfer Fluids (HTFs)
    · Compressor oil
    · Grease

    *Global Marine Lubricants Market, By Operation Type*

    · Inland
    · Offshore

    *Browse **Chemicals and Materials Market** Research Reports:*

    *Browse Popular Research Reports by TMR:*

    · *Synthetic Leather Market: **https://www.transparencymarketresearch.com/synthetic-leather-market.html*
    · *Aluminum Market: **https://www.transparencymarketresearch.com/aluminum-market.html*
    · *Lithium Ion Cell and Battery Pack Market: **https://www.transparencymarketresearch.com/lithium-ion-cell-battery-pack-market.html*

    *About Us*

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

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

    *Contact*

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    Transparency Market Research

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    Research Blog: https://cmfenews.com/ Reported by GlobeNewswire 16 hours ago.

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    The move comes after mounting concern about the effects of plastics on marine wildlife Reported by Independent 14 hours ago.

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    RELiON Battery's new strategic partnership with Lithium Power Inc. and BMTPOW will accelerate market growth and product innovation.

    CHARLOTTE, N.C. (PRWEB) December 14, 2018

    RELiON Battery LLC, a global developer in lithium battery technologies, today announced they have entered into a strategic partnership with Lithium Power Inc, a leader in turnkey lithium battery packs, and BMTPOW, a technology leader in battery management systems. The alliance is expected to accelerate worldwide growth for all three companies and further position RELiON as the leader in lithium drop-in replacements for lead acid batteries, as well as other proprietary projects.

    “RELiON has been searching for the right partnership to further advance our leading role in the lithium battery market. This exciting joint venture will allow us to not only strengthen the control and communication functionality within our products, but also offer enhanced solutions for our OEM customer base, as well as the aftermarket and the distribution networks we service,” stated Paul Hecimovich, CEO of RELiON Battery.

    The partnership will leverage the three companies’ resources, technologies, industry expertise, and market presence, and will include technical collaboration across the organizations as well as joint global go-to-market initiatives. The venture is expected to spark deep cycle battery innovation and additional R&D by maximizing the product development talents and resources at all three companies.

    “Today’s announcement is another solid step in our journey to build on our foundation in turnkey lithium battery packs and become a leader in the global lithium market,” said Stan Chan, Director of Product Development of Lithium Power Inc. “This partnership will help us fully deliver on our development strategy by giving us strong engineering capabilities and market position in deep cycle lithium technology. RELiON Battery and BMTPOW creates the perfect partnership to help us fully expand our technological capability long-term.”

    Together the companies plan to deliver customer value by:· Offering an end-to-end lithium battery product portfolio with unrivaled innovation
    · Creating the lithium battery solution of the future through proprietary technology
    · Channeling the combined scale and innovation of the three companies to accelerate market depth and aftermarket services

    “Our alliance with RELiON and Lithium Power Inc. enables us to bring our market leading control systems to a global audience. All three companies have unique strengths that will make the combined entity the leading lithium solutions provider in an array of markets,” said Wylie So, CEO of BMTPOW.

    “The strategic partnership will be a key driver of growth and value for years to come. The vast backgrounds of the three companies will make this joint venture a true force going forward in lithium battery solutions”, added Hecimovich.

    About RELiON Battery
    RELiON is a global innovator of battery storage ideas. Founded in 2014, the company is on a mission to bring LiFePO4 battery solutions to the global market. RELiON products power a range of applications including, Recreational Vehicles, Marine, Electric Vehicles, Solar Powered Solutions and more. The company offers a full range of services and high-quality products that continue to pave the way forward to a greener and more efficient future for energy storage. For more information on RELiON, visit http://www.relionbattery.com.

    About Lithium Power Inc.
    Lithium Power, Inc. has been the industry leader in lithium battery technology for over a decade. The company offers turn-key lithium battery pack solutions for OEMs/ODMs that meet unique requirements of cost, performance, reliability, energy efficiency, longevity, light-weight design and mission critical applications. The company focuses on the design and development of lithium batteries for lower amp hour but high-end demanding applications. For more information on Lithium Power Inc, visit http://www.lithiumpowerinc.com.

    About BMTPOW
    BMTPow, formerly known as BMSPow Ltd and GammaComm Tech. Ltd., is a leading a smart battery technology & solution provider, with over 10 years of experience in Battery Management System (BMS) design. BMTPow conducts research, development and system engineering leading to the most cost-effective Battery Management Technologies in support of lithium battery applications. The company is positioned as a market leader for lithium battery management and continues to drive innovation in this realm. For more information on BMTPOW, visit http://www.bmtpow.com. Reported by PRWeb 13 hours ago.

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    Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "Global Lubricants Market, by Type, by Applications, by Additives, by Region; Size and Forecast, 2018-2025" report has been added to *ResearchAndMarkets.com's* offering.Global Lubricants Market report provides analysis for the period 2014-2025, wherein the period from 2018 to 2025 is the forecast period and 2017 is base year. The market study reveals that the Global Lubricants Market is expected to grow over a CAGR of 3.5% during 2018-2025 in terms of value.

    The increasing number of passenger vehicle, commercial vehicle, and growth in the aviation and marine industries are expected to drive the lubricants market, globally.

    The industrial sector growth is propelled by strong global trade, rising commodity prices and supportive domestic policies in developing economies like India, China, Indonesia and South Korea markets. Thus, Strong domestic growth, chiefly GDP growth fueled by private consumption and fixed investment has accelerated industrial sector progress which has positively influenced application of lubricants in industrial sector.

    *Select Findings*· Synthetic Lubricants segment is expected to grow at a rapid pace with a significant CAGR of 6.3% during the anticipated period owing to its better viscosity stability in extreme temperature conditions. Synthetic lubricants are manufactured by the combination of base oil and additives. Synthetic lubricants have enhanced quality and have several advantages over other conventional mineral-based lubricants. Synthetic lubricants help to increase the durability of the machineries and equipment.
    · General Industrial Oil & Process Oil Application is expected to grow with a CAGR of 4.4% during the forecast period. General Industrial oils are being increasingly used across several industrial applications as well in areas such as air compressors, auxiliary equipment, bearings, food machinery, gas engines, etc. Process oils increase the performance of rubber and tire products and provide high stability, with a relative inertness towards curing additives. Process oils have low volatility, and high viscosity and plasticity.
    · Middle-East & Africa is the fastest growing market for lubricants across the globe with a CAGR of 4.42%. The Middle East & Africa lubricants market is projected to grow exponentially in the next five years. The demand for Middle East & Africa lubricants is increasing and will continue to increase due to the tremendous growth in the transportation and industrial sector. The development of the tourism, mining, quarrying industries in Africa and crude oil and natural gas exploration, construction industries in the Middle East is significantly contributing to the increase in lubricants consumption in the region.*Key Stakeholders*

    · ExxonMobil Corporation
    · British Petroleum
    · Royal Dutch Shell
    · Total S.A.
    · ChevronCompanies in this industry are following different strategies to strengthen their market position. For instance, In April, 2018 Exxon Mobil has acquired the PT Federal Karyatama, the Indonesian manufacturer and marketer of lubricant. It includes the oil brand, the distribution as well as the blending plant. It strengthens the footprint of Exxon in Indonesia. They have a defined line of work and work close to consumer demands, thereby establishing a sustainable market across the globe.

    *Topics Covered*1. Research Framework
    1.1. Market Definition and Product Overview
    1.2. Market Segmentation

    2. Research Methodology

    3. Executive summary

    4. Industry Insights
    4.1. Industry ecosystem analysis
    4.1.1. Vendor matrix
    4.2. Raw Material Analysis
    4.3. Industry impact and forces
    4.3.1. Growth drivers
    4.3.2. Restraints
    4.4. Pricing Analysis
    4.5. Technological Landscape
    4.6. Regulatory framework
    4.7. Company market share analysis, 2017
    4.8. Growth potential analysis, 2017
    4.9. Porter's Five forces analysis
    4.10. PESTEL analysis5. Global Lubricants Market Overview
    5.1. Market Size & Forecast
    5.2. Market Share & Forecast

    6. Lubricants Market, By Types
    6.1. Key Lubricant Types Trends
    6.2. Mineral Oil
    6.3. Synthetic lubricants
    6.4. Greases
    6.5. Bio-Based Lubricants

    7. Lubricants Market, By Applications
    7.1. Key Application Trends
    7.2. Engine Oils
    7.3. Gear Oils
    7.4. Transmission & Hydraulic Fluid
    7.5. General Industrial Oils
    7.6. Process Oils
    7.7. Metalworking Fluids
    7.8. Others

    8. Lubricants Market, By Additive
    8.1. Key Additive Trends
    8.2. Dispersants
    8.3. Viscosity Index Improvers
    8.4. Detergents
    8.5. Anti-Wear Additives
    8.6. Antioxidants
    8.7. Friction Modifiers
    8.8. Others

    9. Lubricants Market, By Region
    9.1. Key Regional trends
    9.2. North America
    9.3. Europe
    9.4. Asia Pacific
    9.5. LATAM
    9.6. Middle East & Africa (MEA)

    10. Company Profiles
    10.1. ExxonMobil Corporation
    10.2. British Petroleum
    10.3. Royal Dutch Shell
    10.4. Total S.A.
    10.5. Chevron
    10.6. Pennzoil
    10.7. Amsoil Inc.
    10.8. Castrol
    10.9. Valvoline International Inc.
    10.10. PetroChina
    10.11. Sinopec Corp.
    10.12. Idemitsu Kosan Co. Ltd.
    10.13. Lukoil
    10.14. Petronas Lubricant International
    10.15. Fuchs GroupFor more information about this report visit https://www.researchandmarkets.com/research/h6wdkz/global_lubricants?w=12

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    CONTACT:
    CONTACT: ResearchAndMarkets.com
    Laura Wood, Senior Press Manager
    press@researchandmarkets.com
    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: Lubricants and Greases Reported by GlobeNewswire 13 hours ago.

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    KEMP, Texas, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting sector, announced the release of an explosion proof 200-amp non-diffused disconnect switch that provides overcurrent and short-circuit protection of service entrance, feeder or branch circuits, lighting, heating, appliance, and motor circuits. This 3-poleswitch features an EHD frame and is suitable applications include hazardous locations such as petroleum refineries, storage areas and chemical processing plants.The EPNFDS-200A-3P explosion proof non-diffused disconnect switch is constructed of cast aluminum with stainless-steel cover bolts and hinges. This unit features a rectangular bolted cover design for uniform installations and has an external on/off lever that can be locked to ‘off’ allowing room for up to three padlocks for maximum security. The internal circuit breaker handle is a sliding plate type mounted to the cover. The circuit breaker itself is trip-free of the external handle.

    Larson Electronics’ non-diffused disconnect switch is rated for Class I, Divisions 1 and 2, Groups B, C and D; Class I, Zones 1 and 2, Groups IIB+ H2 and IIA; Class II, Divisions 1 and 2, Groups E, F and G; and Class III hazardous work areas. This unit is also NEMA 3, 4, 4X, 7 (B, C, D), and 9 (E, F, G) rated. This unit features an EHD frame with a 3-pole configuration and operates on a maximum of 600V AC with one cast 3” conduit hub on the top and one cast 0.5” conduit hub on the bottom.

    *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

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f749c9d6-cd39-4137-934b-b33543d4ef85 Reported by GlobeNewswire 13 hours ago.

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    Researchers praises widespread commitment but call for broader participation to better protect global marine ecosystems. Reported by Science Daily 9 hours ago.

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    HAMILTON, Bermuda, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units (NYSE:TGP PR A) and $0.5313 per unit on the Partnership’s Series B preferred units (NYSE:TGP PR B) for the period from October 1, 2018 to December 31, 2018. The cash distributions are payable on January 15, 2019 to all unitholders of record as at December 31, 2018.As previously-announced, Teekay LNG intends to amend its U.S. tax status to be treated as a corporation, instead of a partnership, for U.S. federal income tax purposes. This amendment is subject to common unitholder vote at a special meeting of common unitholders on December 18, 2018. If approved, common and preferred unit investors will receive Form 1099s instead of Schedule K-1s commencing in taxation year 2019.

    About Teekay LNG

    Teekay LNG Partners is one of the world’s largest independent owners and operators of LNG carriers, primarily providing LNG and LPG marine transportation services largely under long-term, fee-based charter contracts through its interests in 49 LNG carriers (including seven newbuildings), 22 mid-size LPG carriers, seven multigas carriers and three conventional tankers. The Partnership’s interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification facility, which is currently under construction. Teekay LNG Partners was formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG marine transportation sectors.

    Teekay LNG Partners’ common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.

    *For Investor Relations *
    *enquiries contact:*

    Ryan Hamilton
    Tel: +1 (604) 609-2963
    Website: www.teekay.com

    Forward-Looking Statements

    This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current views with respect to certain future events and performance, including statements, among other things, regarding: the effects of Teekay LNG’s proposed amendments to its U.S. federal income tax status. The following factors are among those that could cause actual results to differ materially from the forward- looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: the outcome of the common unitholder vote at the special meeting to approve the proposed amendments to the Partnership’s U.S. federal tax status and related amendments to its partnership agreement, and the actual tax implications of any such amendments on the Partnership and unitholders; and other factors discussed in Teekay LNG Partners’ filings from time to time with the SEC, including its Report on Form 20-F for the fiscal year ended December 31, 2017. The Partnership expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Partnership’s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based. Reported by GlobeNewswire 11 hours ago.

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    The United States Navy Memorial will dedicate a Lone Sailor statue in Guam to serve as a reminder of the historic and lasting relationship that Vietnamese refugees, including generations of Vietnamese-Americans, have with members of the U.S. Navy, Marine Corps and Coast Guard.

    WASHINGTON (PRWEB) December 14, 2018

    The Lone Sailor statue in the Territory of Guam will be dedicated at the Ricardo J. Bordallo Governor's Complex in a ceremony on Saturday, Dec.15.

    Guam, a strategically vital part of U.S. efforts to ensure a free and open Indo-Pacific, has long been home and a port-of-call to many Sailors and Marines.

    The effort to put a Lone Sailor statue in Guam is the initiative of the Vietnamese-American community to demonstrate the special relationship between the United States Navy, Guam and the thousands of Vietnamese refugees who were evacuated from Saigon in the closing days of the Vietnam War during Operation Enduring Freedom.

    More than 111,000 of the 130,000 evacuated Vietnamese refugees were transported to Guam. The greater majority of these refugees resettled in the United States and became citizens, today with thriving businesses and families.

    This statue will serve as a reminder of the historic and lasting relationship those refugees, including generations of Vietnamese-Americans, have with members of the U.S. Navy, Marine Corps and Coast Guard, who rescued thousands at sea, and built infrastructure in Guam.

    “Looking across the Pacific Ocean from the island of Guam, this Lone Sailor will also serve as a powerful reminder of our Navy’s heritage in this region,” said Rear Adm. Shoshana Chatfield, commander, Joint Region Marianas. “It honors all women and men who’ve donned the cloth of our nation and put their lives on the line to protect freedom, democracy, and our very way of life – right here in the on Guam, throughout the Marianas and western Pacific.”

    The Ricardo J. Bordallo Governor's Complex is an ideal location for the statue as it is open to the public, remains well-kept by groundskeepers, has ample security, and oversees the water – as a Lone Sailor should.

    The Lone Sailor signifies the men and women who have served, are serving, or will serve in the Navy. He’s called the Lone Sailor, yet he is hardly ever alone. He represents a Sailor who is about 25 years old, a senior second class petty officer who is fast becoming a seagoing veteran. He has done it all -- fired weapons in war, provided humanitarian assistance in far-away lands, been attacked by the enemy and defended our freedom. He has made liberty calls in great cities and tiny villages where he was a tourist, ambassador, adventurer, friend and missionary to those less fortunate. His shipmates remember him with pride and look up to him with respect.

    Efforts to raise funds for the construction of the plaza supporting the statue continue. As we strive to produce the most appropriate setting possible for the statue, all continuing support is greatly appreciated.

    For more information, please see navymemorial.org/lone-sailor-statue-guam or contact Brenda Osuch at BOsuch@NavyMemorial.org. Reported by PRWeb 11 hours ago.

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