SIB

Manchester Community College Launches Free 12-Week Welding Boot Camp Funded by US Navy

Retrieved on: 
Tuesday, April 23, 2024
NCC, GSM, SIB, Granite State, Manchester Community College, Innovation, Partnership, United States Navy, Curriculum, CLB, Welding, Machinist, VCS, MCC, Student, Government, Columbia

MANCHESTER, N.H., April 23, 2024 (GLOBE NEWSWIRE) -- Granite State Manufacturing (GSM) and Manchester Community College (MCC) are thrilled to announce the creation of the MCC Workforce Development Welding Program.

Key Points: 
  • MANCHESTER, N.H., April 23, 2024 (GLOBE NEWSWIRE) -- Granite State Manufacturing (GSM) and Manchester Community College (MCC) are thrilled to announce the creation of the MCC Workforce Development Welding Program.
  • GSM's welding team reviewed and contributed to the curriculum, ensuring it aligns with the exacting standards required for submarine manufacturing.
  • This MCC welding program follows the successful model of the Machinist Training Pipeline Program, a free 10-week Precision Manufacturing Boot Camp at Nashua Community College (NCC), with GSM planning to hire 1-3 graduates from each cohort.
  • The launch of the welding boot camp at MCC marks a significant step towards addressing the crucial skills shortage in the submarine manufacturing industry.

Excite Credit Union Opens Headquarters and New Branch in South San Jose

Retrieved on: 
Tuesday, April 16, 2024
State, Community development financial institution, Credit union, SIB, School, Dykstra, CPA, Community development, CDFI, San Francisco Bay Area, Organization, SAN, Bank

SAN JOSE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Excite Credit Union proudly announced the official ribbon-cutting for its newest branch on Bernal Road, San Jose, will take place April 26.

Key Points: 
  • SAN JOSE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Excite Credit Union proudly announced the official ribbon-cutting for its newest branch on Bernal Road, San Jose, will take place April 26.
  • President and CEO of the California and Nevada Credit Union Leagues, Diana Dykstra, will share remarks on the credit union difference and the impact Excite CU imparts on the local community.
  • It is the fourth Excite CU branch in San Jose, located in the same building as their California headquarters.
  • Unique across the Bay Area, Excite is a Community Development Financial Institution (CDFI), Low Income Credit Union (LICU), and Juntos Avanzamos-designated.

EBC Financial Group (Cayman) Limited Granted Full Regulatory Licence from the Cayman Islands Monetary Authority (CIMA)

Retrieved on: 
Thursday, March 28, 2024
Financial Conduct Authority, ASIC, Environment, CASS, EBC, FCA, SIB, CIMA, Cayman Islands Monetary Authority, Investment, Proprietary company, Cayman, Barclays

HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC Group or EBC) is pleased to announce that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full Cayman Islands Monetary Authority (CIMA) licence.

Key Points: 
  • HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC Group or EBC) is pleased to announce that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full Cayman Islands Monetary Authority (CIMA) licence.
  • EBC Group, having undergone stringent scrutiny, secured a full regulatory licence, granting EBC Financial Group (Cayman) Limited comprehensive permissions in dealing, arranging, managing, and advising, all under CIMA's strictest regulations, including the Securities Investment Business (SIB) framework.
  • Before receiving the full regulatory licence from CIMA, EBC held two top global regulatory licences: EBC Financial Group (UK) Ltd is authorized and regulated by the UK's Financial Conduct Authority (FCA); EBC Financial Group (Australia) Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC).
  • Consistent with EBC Financial Group (UK) Limited's strict adherence to the FCA's CASS rules, EBC Financial Group (Cayman) Limited rigorously complies with CIMA's client fund protection regulations.

Navy's Submarine Industrial Base and BlueForge Alliance Partner with Nuts, Bolts & Thingamajigs

Retrieved on: 
Monday, April 8, 2024
Automation, Organization, Partnership, School, FMA, Welding, SIB, Student, Robotics, Workforce, NBT, BFA, Navy, Management

ELGIN, Ill., April 8, 2024 /PRNewswire/ -- Nuts, Bolts & Thingamajigs®, the Fabricators and Manufacturers Association's charitable foundation, is proud to announce a three-year educational partnership with BlueForge Alliance, a non-profit integrator supporting the efforts of the U.S. Navy's Submarine Industrial Base. This partnership includes a national sponsorship of all NBT Summer Manufacturing Camps to inform and encourage young students of career opportunities specifically in the submarine industrial sector. These camps will assist in developing a skilled manufacturing workforce to support the BFA and SIB mission to build and maintain America's next generation of undersea platforms.

Key Points: 
  • ELGIN, Ill., April 8, 2024 /PRNewswire/ -- Nuts, Bolts & Thingamajigs®, the Fabricators and Manufacturers Association's charitable foundation, is proud to announce a three-year educational partnership with BlueForge Alliance, a non-profit integrator supporting the efforts of the U.S. Navy's Submarine Industrial Base.
  • This partnership includes a national sponsorship of all NBT Summer Manufacturing Camps to inform and encourage young students of career opportunities specifically in the submarine industrial sector.
  • A key piece of the partnership between NBT and BFA involves the development of a new program for the foundation, Submarine Manufacturing Camps.
  • We are honored that the Navy's Submarine Industrial Base and BlueForge Alliance have entrusted us to continue our good work of building the manufacturing workforce for the future," said Ed Dernulc, NBT Foundation director.

Introducing New Lightweight Structural Sheathing Products from Perma R Products

Retrieved on: 
Tuesday, February 20, 2024
OSB, Longevity, Building, Construction, SIB, Engineered wood

Grenada, MS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Perma R Products is excited to announce the latest additions to our family of innovative building solutions - the Perma R Brace and Perma R Brace SIB.

Key Points: 
  • Grenada, MS, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Perma R Products is excited to announce the latest additions to our family of innovative building solutions - the Perma R Brace and Perma R Brace SIB.
  • At half the weight of your typical oriented strand board (OSB), the Perma R Brace and Perma R Brace SIB make installation a breeze.
  • "We are thrilled to introduce the Perma R Brace and Perma R Brace SIB to the market," said Tim LeClair, Vice President of Perma R Products.
  • For more information about the Perma R Brace and Perma R Brace SIB, please visit our website at www.permarproducts.com or contact your local sales rep. Perma R Products is a member of INDEVCO North America.

Illinois Manufacturing Excellence Center (IMEC) Launches Supply Chain Mapping Effort in Collaboration with BlueForge Alliance and the Illinois Manufacturers' Association (IMA)

Retrieved on: 
Tuesday, March 5, 2024
IMEC, Navy, Growth, EV, Workforce, SIB, BFA, IMA

CHICAGO, March 5, 2024 /PRNewswire/ -- We're excited to announce a new collaboration between the Illinois Manufacturing Excellence Center (IMEC), BlueForge Alliance (BFA), and the Illinois Manufacturers' Association (IMA).

Key Points: 
  • CHICAGO, March 5, 2024 /PRNewswire/ -- We're excited to announce a new collaboration between the Illinois Manufacturing Excellence Center (IMEC), BlueForge Alliance (BFA), and the Illinois Manufacturers' Association (IMA).
  • Together, we're launching a supply chain mapping initiative aimed at supporting submarine industrial base suppliers.
  • Our goal is simple: understand and meet the specific needs of these suppliers to strengthen the defense supply chain.
  • The portal has helped to spread the outstanding work done by Illinois manufacturers across the country, strengthening United States supply chains as a whole.

Consolidated Laser Technologies Completes U.S. Navy Contract

Retrieved on: 
Thursday, February 29, 2024
NSWC, Naval Surface Warfare Center, Government, CLT, NRL, BFA, Navy, Longevity, SIB

MOORESVILLE, N.C., Feb. 29, 2024 /PRNewswire/ -- Consolidated Laser Technologies (CLT), a Mooresville, North Carolina-based startup defense company, announced this week the completion of its work on the U.S. Navy's emergent technology designed to improve maintenance in underwater environments.

Key Points: 
  • MOORESVILLE, N.C., Feb. 29, 2024 /PRNewswire/ -- Consolidated Laser Technologies (CLT), a Mooresville, North Carolina-based startup defense company, announced this week the completion of its work on the U.S. Navy's emergent technology designed to improve maintenance in underwater environments.
  • The $500,000 contract – CLT's first – was awarded in September 2023 and employed the U.S. Navy's novel ultra short pulse laser (USPL) surface preparation technology to assess the capability as an enhanced surface preparation tool on sensor cable connectors in subsurface environments.
  • "The group shares common goals intending to increase efficiency in new builds, reduce manpower-intensive maintenance, and increase the longevity of our Navy's assets and their critical components."
  • The effort was funded and supported by the U.S. Navy's Submarine Industrial Base (SIB), the Shipbuilding Industrial Base Task Force (SIB-TF), and BlueForge Alliance (BFA).

DVIRC to Support Five-Fold Increase in Submarine Construction Rates with Regional Manufacturing Supply Chain and Workforce Expansion

Retrieved on: 
Wednesday, January 31, 2024
Other Professional Services, Labor, Manufacturing, Nuclear, Public Policy, Government, Energy, Maritime, Professional Services, Defense, Transport, Contracts, Logistics, Supply Chain Management, Other Policy Issues, Steel, Multimedia, Growth, History, Rear, SIB, Navy, Workforce, Shipbuilding

DVIRC will create and deploy a regional strategy and taskforce to spur enterprise engagement, elevate opportunities to expand capacity, and connect more people to the mission across Southeastern Pennsylvania’s defense industrial base workforce.

Key Points: 
  • DVIRC will create and deploy a regional strategy and taskforce to spur enterprise engagement, elevate opportunities to expand capacity, and connect more people to the mission across Southeastern Pennsylvania’s defense industrial base workforce.
  • View the full release here: https://www.businesswire.com/news/home/20240131682567/en/
    “The U.S. Navy and its civilian workforce are building the most advanced sea-based strategic deterrent the world has ever known.
  • DVIRC is both honored and humbled to help find and contribute some of the additional workforce and manufacturing supply chain capacity needed to achieve the required submarine cadence,” said Chris Scafario, President & CEO, DVIRC.
  • “It is estimated that as much as 20 percent of the Columbia-class supply chain will come from the surrounding regions of the Delaware Valley.

Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2023 and Announces Total Dividends of $0.63 per share for the Quarter Ended March 31, 2024

Retrieved on: 
Monday, January 29, 2024
Increment, Small Business Administration, Share repurchase, Deutsche Bank, Sale, Commitment, SBA, Growth, Assumption, IRR, Revenue recognition, Pediatric dentistry, Equity, Small business, Orthodontics, SIB, UTI, NAV, CDC, Investment, Acquisition, Exercise, Preferred stock, Credit, SBIC, Treasury, Common equity, I-45, Line of credit, Note, Security (finance)

For the quarter ended December 31, 2023, total operating expenses (excluding interest expense) were $7.3 million, compared to $5.9 million in the prior quarter.

Key Points: 
  • For the quarter ended December 31, 2023, total operating expenses (excluding interest expense) were $7.3 million, compared to $5.9 million in the prior quarter.
  • For the quarter ended December 31, 2023, interest expense was $11.5 million as compared to $10.5 million in the prior quarter.
  • For the quarter ended December 31, 2023, total pre-tax net investment income was $29.8 million, compared to $26.4 million in the prior quarter.
  • During the quarter ended December 31, 2023, the Company did not repurchase any shares of the Company’s common stock under the share repurchase program.

Sodium-Ion Batteries: The Future of Sustainable Energy Storage

Retrieved on: 
Monday, January 8, 2024
Lithium, Advanced Functional Materials, Electrolyte, Attention, Potential, Research, Chemistry, SIB, Engineering, Dongguk University, Spectroscopy, Professor, Sibs, Sodium, Electric battery

SEOUL, South Korea, Jan. 8, 2024 /PRNewswire/ -- Lithium-ion batteries (LIBs) have become essential for energy storage systems.

Key Points: 
  • SEOUL, South Korea, Jan. 8, 2024 /PRNewswire/ -- Lithium-ion batteries (LIBs) have become essential for energy storage systems.
  • With the rapid increase in global energy demand and a growing shift toward renewable energy sources, lithium-ion batteries (LIBs) have become an indispensable part of our daily lives.
  • The team also highlighted future research directions, urging to eliminate the use of toxic substances in cathodes and design of volume-controlled anodes.
  • Title of original paper: Unleashing the Potential of Sodium-Ion Batteries: Current State and Future Directions for Sustainable Energy Storage