Mechanical

Analogue Records Net Profit of HK$251.5 Million in FY2023

Retrieved on: 
Monday, March 25, 2024
ICBT, Biophysical environment, Transient-voltage-suppression diode, Building automation, Building, Information, BMS, Precision, Internet of things, Mechanical, ELV, MIC, JCW, TEI, Communication, Multi, Safety, Municipal solid waste, HK1, ESG, Acquisition, MEP, Electricity, Digital twin, Escalator, Engineering, E&M, Building information modeling, O&M, Information and communications technology, Growth, Lift, Water, Business model, Government

-- Profit attributable to owners of the Company increased to HK$251.5 million, a year-on-year growth of 119.5%

Key Points: 
  • -- Profit attributable to owners of the Company increased to HK$251.5 million, a year-on-year growth of 119.5%
    The Group's revenue for the Year was HK$6,132.9 million and gross profit was HK$833.3 million.
  • Profit attributable to owners of the Company was HK$251.5 million, representing a year-on-year increase of 119.5%.
  • The Group's contracts-in-hand remained at a high level of HK$11,459.6 million, providing a solid foundation for the business going forward.
  • Revenue of the Environmental Engineering segment grew by 9.9% to HK$1,356 million year-on-year, with contracts-in-hand amounting to HK$4,165 million as at 31 December 2023.

Aemetis Allocated $10.5 Million IRA Section 48C Tax Credits by DOE and IRS for Biofuels Plant Efficiency Projects

Retrieved on: 
Tuesday, April 9, 2024
Mechanical, IRA, IRS, Natural gas, Sale, CEC, Biofuel, Carbon, Inflation, Internal Revenue Service, DOE, Mechanical vapor recompression, Average revenue per user, MVR, Renewable energy

The Aemetis Five Year Plan projects that Aemetis will receive a total of $450 million of IRA tax credits to support funding of its renewable fuels projects.

Key Points: 
  • The Aemetis Five Year Plan projects that Aemetis will receive a total of $450 million of IRA tax credits to support funding of its renewable fuels projects.
  • In October 2023, Aemetis completed the sale of $63 million of IRA tax credits to a single buyer and received $55 million in funding.
  • Aemetis was awarded the $10.5 million allocation of transferable tax credits to support the Mechanical Vapor Recompression (MVR) energy efficiency project and other energy efficiency projects at the Aemetis Keyes ethanol production facility in California.
  • The Section 48C tax credits are transferable from project developers to entities with income tax liabilities in order to provide funding to projects.

NewHydrogen CEO Steve Hill Discussed Use of Hydrogen for Aviation with University of Tennessee Expert

Retrieved on: 
Tuesday, April 9, 2024
Mechanical, Academic Press, Electricity, Paris-Saclay University, Mechanics, Combustion, Associate, National Science Foundation, École Centrale Paris, Airbus, Research, Aviation, University, Carbon, Student, Paris-Sud University, NASA, American Institute, Investment, Society, Hydrogen, Water, Frustration, Doctorate

SANTA CLARITA, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced that in a recent podcast the Company’s CEO Steve Hill spoke with Dr. Paul Palies, Associate Professor at the University of Tennessee Space Institute and founder of the Combustion and Propulsion for Aviation Research Center regarding future aviation based on hydrogen combustion for a decarbonized system.

Key Points: 
  • Dr. Palies said, “There is a need for a clean combustion system that doesn't add nitrogen oxide and completely removes the carbon footprint.
  • Dr. Palies said, “Our team is conducting research on premix combustion, a method that could reduce emissions while maintaining thermal power.
  • Mr. Hill thanked Dr. Palies for his insights, and briefly introduced NewHydrogen’s work on developing thermochemical approaches to affordable green hydrogen.
  • Dr. Paul Palies is Associate Professor at The University of Tennessee Space Institute where he established the Combustion and Propulsion for Aviation Research Center, his research group.

Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual Meeting

Retrieved on: 
Monday, April 8, 2024
Mechanical, Business administration, Chairperson, IDEO, Harvard Business School, Acquisition, Transport, Intuit, Stanford University, Bachelor, TrueCar, Fintech, Partnership, LendingTree, Annual general meeting, Management

Mr. Rodriguez would fill the vacancy created by Erin Lantz, who is retiring from service on the Board at the Annual Meeting.

Key Points: 
  • Mr. Rodriguez would fill the vacancy created by Erin Lantz, who is retiring from service on the Board at the Annual Meeting.
  • "On behalf of the entire board, I extend our heartfelt gratitude to Erin Lantz for eight years of dedicated service.
  • Her contributions have been invaluable, and we wish her the very best in her future endeavors," said Barbara Carbone, Board Chair.
  • He is currently a board member at LendingTree and was on the board of EngageSmart until its January 2024 acquisition.

Scott Monroe Appointed as Vice President of Sales at Encore Semi

Retrieved on: 
Friday, April 5, 2024
Mechanical, SOC, Cadence Design Systems, Growth, Mechanical engineering, SAN, University, MBA, ANSYS, IP, Texas A&M University, Intellectual property, Multimedia, Engineering, Sales

SAN DIEGO, April 5, 2024 /PRNewswire/ -- Encore Semi, a leading provider of tailored engineering solutions to accelerate projects, improve performance, and reduce risks in the development of next generation System-on-Chip (SoC), electronic subsystems, and intellectual property (IP), is pleased to announce the appointment of Scott Monroe as Vice President of Sales. In this role, Scott will spearhead the company's sales initiatives, leveraging his extensive experience and proven track record in driving strategic growth and fostering client relationships within the semiconductor industry and beyond.

Key Points: 
  • With over 25 years of experience in sales and sales leadership roles, he brings a wealth of expertise in strategic selling, enterprise client engagement, and sales management.
  • "We are thrilled to welcome Scott to our executive team," said Behrooz Abdi, Chief Executive Officer at Encore.
  • In Scott's new role, he will be responsible for developing and executing sales strategies, fostering client relationships, driving revenue growth, and expanding the sales team.
  • "I am honored to join the talented team at Encore and excited to lead the sales efforts during this pivotal time of growth and innovation," said Scott.

Tricares Announces the Appointment of Ahmed Elmouelhi as President & Chief Executive Officer

Retrieved on: 
Monday, March 25, 2024
Mechanical, SAS, American Heart Association, Percutaneous aortic valve replacement, Product marketing, Abbott Laboratories, Massachusetts Institute of Technology, Business, Patient, Business development, LAA, Medtronic, MD, Senior, Master, Retirement, TAVR, Marketing, Management

Paris, France and Munich, Germany, March 25, 2024 – TRiCares SAS (“TRiCares”) a privately held pioneer in the field of minimally invasive treatment of tricuspid regurgitation, today is pleased to announce the appointment of Ahmed Elmouelhi as President & Chief Executive Officer (CEO).

Key Points: 
  • Paris, France and Munich, Germany, March 25, 2024 – TRiCares SAS (“TRiCares”) a privately held pioneer in the field of minimally invasive treatment of tricuspid regurgitation, today is pleased to announce the appointment of Ahmed Elmouelhi as President & Chief Executive Officer (CEO).
  • In conjunction with this, and following eight years at the helm of the business, Helmut Straubinger is retiring as President & CEO.
  • Ahmed Elmouelhi is a seasoned professional with more than 20 years of medical device experience across strategy, sales and marketing, R&D, and clinical science.
  • Before joining TRiCares, Ahmed served as the Senior Vice President of Product Marketing, Strategy, and Business Development at AtriCure.

FormFactor Appoints New Board Member

Retrieved on: 
Thursday, March 21, 2024
Mechanical, Axcelis Technologies, Raytheon Company, Business administration, University, Factor of safety, Senior, Southern New Hampshire University, Manufacturing operations, Global Operations, Management

LIVERMORE, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced the appointment of Kevin Brewer to its Board of Directors effective immediately.

Key Points: 
  • LIVERMORE, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced the appointment of Kevin Brewer to its Board of Directors effective immediately.
  • “We are pleased to welcome Kevin Brewer to the Board of Directors of FormFactor,” said Tom St. Dennis, Chairperson of the Board of Directors.
  • “Kevin has a strong background in finance and operations that will be of great value to FormFactor as the company achieves and surpasses our target financial model.”
    Mr.
  • Brewer joins the FormFactor Board of Directors with over 40 years of experience in the semiconductor and high-tech industries.

FuelCell Energy Innovators to Highlight Advanced Clean Technologies at CERAWeek 2024

Retrieved on: 
Tuesday, March 19, 2024
Hydrogen, Mechanical, Hydrogen highway, Engineering physics, Conference, Growth, Physics, FuelCell Energy, Technology policy, H2, James W. Dally, Research, Electrolysis, Interview, Engineering, Leo, Carbon, B cell, Voelker, CO2, Society, Coal, Chemical engineering, Rensselaer Polytechnic Institute, Policy, Renewable energy

Both leaders are members of FuelCell Energy’s InsightFUEL bench of clean energy experts available for interviews with the media.

Key Points: 
  • Both leaders are members of FuelCell Energy’s InsightFUEL bench of clean energy experts available for interviews with the media.
  • Tony Leo joined FuelCell Energy in 1978 and has held key leadership roles in research, development, and commercialization of electrochemical systems during his tenure.
  • The Connecticut Power and Energy Society honored him with its 2023 Excellence in Energy Award.
  • Brent Voelker is Director of Solutions Engineering at FuelCell Energy, responsible for the development of site-level solutions on projects in renewable hydrogen production, long-term energy storage, electric power from renewable hydrogen, and carbon capture.

Alsym Energy Announces $78M Funding Round Led by Tata Limited and General Catalyst

Retrieved on: 
Wednesday, April 3, 2024
Other Manufacturing, Technology, EV, Electric Vehicles, Maritime, Automotive, Transport, Software, Manufacturing, Batteries, Logistics, Supply Chain Management, Mechanical, Mercury, Entrepreneurship, Partnership, Mechanical engineering, MIT, Risk, Tata Sons, LCOS, Nature, Wind, Three-wheeler, G-77, Safety, Thrive Capital, BESS, Renewable energy

Alsym™ Energy , a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst , a global venture capital firm.

Key Points: 
  • Alsym™ Energy , a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst , a global venture capital firm.
  • New York-based Thrive Capital and Toronto-based Thomvest also joined in the round, as well as existing investor Drads Capital .
  • Alsym will use the funds to grow its Boston-area team and expand its prototyping and pilot lines to address increasing demand for customer samples.
  • Alsym’s first product for this market, called Alsym Green, offers significantly higher system-level energy density than other non-flammable, non-lithium battery chemistries.

Westinghouse Announces Executive Management Appointments

Retrieved on: 
Monday, April 1, 2024
Other Energy, Environment, Utilities, Green Technology, Energy, Nuclear, Mechanical, Connectivity, Quality control, Health, General Electric, Westinghouse Electric Company, Mechanics, Engineering science and mechanics, Mechanical engineering, Business, CommScope, Aviation, Transport, University, Diaphragm, MBA, HS, University of Rochester, Engineering, Pennsylvania State University, Nuclear energy, Safety, Retirement, Multimedia, University of La Verne, Management

View the full release here: https://www.businesswire.com/news/home/20240401801853/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240401801853/en/
    Ron Timperio is appointed Chief Operating Officer and Executive Vice President, Global Operations Services
    Adam Silverstein is appointed Executive Vice President, Quality, Environment, Health & Safety
    “Strong execution across our global operations coupled with the highest standards of safety and quality is critical for both our day-to-day and long-term success,” said Patrick Fragman, Westinghouse President and Chief Executive Officer.
  • “Ron is a seasoned executive who brings to Westinghouse an unrelenting focus on performance and delivery through diverse, cross-functional experience across global industries.
  • He has 30 years of experience in manufacturing operations; supply chain management; environmental, health and safety; and quality control.
  • Adam Silverstein appointed Executive Vice President, Quality, Environment, Health & Safety
    Mr. Silverstein will lead Westinghouse’s nuclear safety, industrial safety and quality assurance programs.