Business Wire News

LONDON--(BUSINESS WIRE)--#GasSeparationMembraneMarket--Technavio has been monitoring the gas separation membrane market and it is poised to grow by USD 956.85 million during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?
  • The water and waste treatment segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Increasing demand for MMMs is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 7%, the incremental growth of the market is anticipated to be USD 956.85 million.
  • Who are the top players in the market?
  • L'Air Liquide SA, Air Products and Chemicals Inc., DIC Corp., FUJIFILM Holdings Corp., GENERON IGS, Honeywell International Inc., Membrane Technology and Research Inc., Parker-Hannifin Corp., Schlumberger Ltd., and Ube Industries Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Increasing demand for biogas is one of the major factors driving the market. However, the high price of equipment restraints the market growth.
  • How big is the North America market?
  • The North America region will contribute 33% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. L'Air Liquide SA, Air Products and Chemicals Inc., DIC Corp., FUJIFILM Holdings Corp., GENERON IGS, Honeywell International Inc., Membrane Technology and Research Inc., Parker-Hannifin Corp., Schlumberger Ltd., and Ube Industries Ltd. are some of the major market participants. The increasing demand for biogas will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Gas Separation Membrane Market 2020-2024: Segmentation

Gas Separation Membrane Market is segmented as below:

  • Product
    • Polyimide and Polyamide
    • Polysulfone
    • Cellulose Acetate
    • Others
  • Application
    • CO2 Removal
    • Nitrogen-generation And Oxygen Enrichment
    • Hydrogen-recovery
    • Others
  • End-user
    • Water and Waste Treatment
    • Food and Beverage
    • Pharmaceutical
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40424

Gas Separation Membrane Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gas separation membrane market report covers the following areas:

  • Gas Separation Membrane Market Size
  • Gas Separation Membrane Market Trends
  • Gas Separation Membrane Market Analysis

This study identifies increasing demand for MMMs as one of the prime reasons driving the gas separation membrane market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Gas Separation Membrane Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist gas separation membrane market growth during the next five years
  • Estimation of the gas separation membrane market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the gas separation membrane market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gas separation membrane market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Polyimide and polyamide - Market size and forecast 2019-2024
  • Polysulfone - Market size and forecast 2019-2024
  • Cellulose acetate - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application placement
  • CO2 removal - Market size and forecast 2019-2024
  • Nitrogen-generation and oxygen enrichment - Market size and forecast 2019-2024
  • Hydrogen-recovery - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Water and waste treatment - Market size and forecast 2019-2024
  • Food and beverage - Market size and forecast 2019-2024
  • Pharmaceutical - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview

Vendor landscape

  • Landscape disruption
  • Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • L'Air Liquide SA
  • Air Products and Chemicals Inc.
  • DIC Corp.
  • FUJIFILM Holdings Corp.
  • GENERON IGS
  • Honeywell International Inc.
  • Membrane Technology and Research Inc.
  • Parker-Hannifin Corp.
  • Schlumberger Ltd.
  • Ube Industries Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

DUBLIN--(BUSINESS WIRE)--The "Marine Actuators and Valves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Amid the COVID-19 crisis, the global market for Marine Actuators and Valves estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027.

Actuators, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Valves segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $825.9 Million, While China is Forecast to Grow at 7.5% CAGR

The Marine Actuators and Valves market in the U.S. is estimated at US$825.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$864 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • AVK Holding A/S
  • Christian Burkert GmbH & Co. KG
  • Emerson Electric Company
  • Flowserve Corporation
  • Honeywell International, Inc.
  • Johnson Controls International PLC
  • KITZ Corporation
  • Rotork PLC
  • Schlumberger Ltd.
  • Watts Water Technologies, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Marine Actuators and Valves Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/zvfr4


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

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

DUBLIN--(BUSINESS WIRE)--The "Variable Valve Timing (VVT) Systems in Marine Engines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Amid the COVID-19 crisis, the global market for Variable Valve Timing (VVT) Systems in Marine Engines estimated at 90.9 Thousand Units in the year 2020, is projected to reach a revised size of 271.3 Thousand Units by 2027, growing at a CAGR of 16.9% over the period 2020-2027.

Mid-Power Output Marine Engines, one of the segments analyzed in the report, is projected to record 15.5% CAGR and reach 109.7 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High-Power Output Marine Engines segment is readjusted to a revised 17.9% CAGR for the next 7-year period.

The U. S. Market is Estimated at 24.5 Thousand Units, While China is Forecast to Grow at 21.6% CAGR

The Variable Valve Timing (VVT) Systems in Marine Engines market in the U. S. is estimated at 24.5 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 62.5 Thousand Units by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Denso Corporation
  • Eaton Corporation PLC
  • Delphi Automotive PLC
  • Hitachi Automotive Systems Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Variable Valve Timing System Market in Marine Engines Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Variable Valve Timing (VVT) Systems in Marine Engines Global Market Estimates and Forecasts in Units by Region/Country: 2020-2027
  • Variable Valve Timing (VVT) Systems in Marine Engines Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • Mid-Power Output Marine Engines (Segment) World Market by Region/Country in Units: 2020 to 2027
  • Mid-Power Output Marine Engines (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
  • High-Power Output Marine Engines (Segment) Potential Growth Markets Worldwide in Units: 2020 to 2027
  • High-Power Output Marine Engines (Segment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Variable Valve Timing System Market in Marine Engines Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Variable Valve Timing (VVT) Systems in Marine Engines Market Estimates and Projections in Units by Segment: 2020 to 2027
  • Variable Valve Timing (VVT) Systems in Marine Engines Market Share Breakdown by Segment: 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 58

For more information about this report visit https://www.researchandmarkets.com/r/4y5i7k


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

DUBLIN--(BUSINESS WIRE)--The "Portable Solar Charger Market - By Product (Small Portable Solar Charger, Foldable Solar Charger, and Backpack Solar Charger), Application (Individual and Defense): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.


The global portable solar charger market accounted for USD 492.20 Million in 2019 and is expected to Reach USD 1168.76 Million by 2026, growing at a CAGR of around 13.15 %.

Factors related to environmental concern such as reducing carbon emission and increasing consumer awareness are driving the growth of solar powered products. Companies and consumers are looking for solar products, as only renewables sources of energy will be used after the replenishment of non- renewable source of energy.

Further, clean energy products have various advantages over the traditional energy product. These advantages are expected to bolster the market of portable solar powered products. Apart from this, features such as renewable and environment friendly energy are expected to increase the demand for solar products in the near future.

Portable Solar Charger Market: Growth Factors

The portable solar chargers have the following features they are small, wearable and handy thus can easily carried by the consumers; it offers portability and enhances the mobile applications of the product which results in the quality end user experience. This fact is driving the growth of the portable solar charger market. The portable solar charger makes use of the non-renewable energy sources making it eco-friendly and it does not emit any type of toxic substances as the energy used by the charger is from the sun's energy.

This leads to an increased adoption of the portable solar chargers. Majority of the solar portable chargers make use of solar energy only, thus restricting its application in the night as there are chances of the energy draining out. Another factor that limits the growth of the portable solar chargers is they are unable to absorb 100% of energy which is provided by the sun.

Portable Solar Charger Market: Regional Analysis

The geographical diversification of the global portable solar charger market includes North America, Asia Pacific, Western Europe, the Middle East and Africa, Latin America, and Eastern Europe. Among all the regions, it is North America that dominates the global portable solar charger market which is followed by Europe and Asia Pacific region. The increased adoption of the wearable products in the regions such as Asia Pacific and Europe increases the demand for the portable solar charger market.

Portable Solar Charger Market: Overview

The portable solar charger makes use of the solar energy from the sun in order to provide energy. There are some types of portable solar chargers available in the market that consists of the electronic wall outlet. The portable solar charger consists of different panels and functions over silicon. The portable solar chargers are used for the storage of the power or the energy.

Portable Solar Charger Market: Facts

The portable solar charger Fuse 6W Solar Charger is a very good option. The specifications of this solar charger are as follows its capacity is 4000 mAh, the output is 1 USB (1A), the weight of the device is 1.3 pounds, and the solar panel has the capacity 6.15 Watts. The unit has a universal attachment system that completes with a set of interlocking clips.

Portable Solar Charger Market: Segmentation

The global market for the portable solar charger is fragmented into its panel type and product type. Based on the panel type, the global market is segregated into mono-crystalline solar chargers, amorphous solar chargers, poly-crystalline solar chargers, and hybrid solar chargers. Based on the type of the portable, the market is divided into fold out portable solar chargers, small portable solar chargers, and backpack portable solar chargers.

Portable Solar Charger Market: Competitive Players

  • Cobra
  • Solio Solar Battery Products
  • Goal Zero
  • Poweradd Official
  • Philips Lighting Holding B.V.
  • Solartab Limited
  • Solar Frontier K.K.
  • Emponi
  • Anker Technology Co. Limited.

For more information about this report visit https://www.researchandmarkets.com/r/d02bnr


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

  • Order for main refrigerant compressors (MRCs) consists of 12 gas turbines and 24 centrifugal compressors, as part of four additional LNG “mega trains”
  • Among largest LNG deals for Baker Hughes in the past five years, for both MTPA and equipment awarded
  • Project represents a significant step toward boosting Qatari LNG production capacity from 77 million to 110 million tons by 2025, propelling Qatar to global LNG production leadership

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) announced an order with longtime partner Qatar Petroleum to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG “mega trains,” representing 33 million tons per annum (MTPA) of additional capacity, which will increase Qatar’s total liquefied natural gas (LNG) production capacity from 77 MTPA to 110 MTPA and help to propel the Gulf nation to global LNG production leadership by 2025. This order is among the largest LNG deals secured by Baker Hughes in the past five years, for both MTPA and equipment awarded.


The order reinforces more than two decades of trust and successful turbomachinery collaboration between Baker Hughes, Qatar Petroleum and Qatargas. With Qatargas already operating six existing LNG “mega trains” driven by Frame 9E gas turbine refrigerant compressors provided by Baker Hughes, the NFE project underscores the leadership of Baker Hughes LNG technology in the Gulf region and for the world’s most complex LNG projects.

“This milestone deal illustrates the continued strength of Baker Hughes’ partnership with Qatar Petroleum, which began 25 years ago upon our delivery of the first LNG train in Qatar,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “As we look ahead to the next two decades, in almost any scenario natural gas will be a key transition fuel, and likely a destination fuel for a lower carbon future. Building on our track record of delivering proven, reliable and highly efficient LNG technology, we remain committed to taking energy forward in Qatar for more years to come.”

As part of the company’s commitment to support customers in decarbonizing their operations, Baker Hughes has continuously invested in developing technology that enables customers to reduce emissions, enhance performance and optimize operations. The NFE project will feature the latest compression technology to reduce 60,000 tons of CO2 per train each year without any reduction in LNG production, representing a ~5 percent decrease versus previous technologies. The compression trains will also be produced using the latest manufacturing techniques, minimizing raw material and emission-intensive processes to reduce CO2 emissions during production by up to 10 percent.

Each MRC train will consist of three Frame 9E DLN Ultra Low NOx gas turbines and six centrifugal compressors across four LNG “mega trains” for a total scope of supply of 12 gas turbines to drive 24 centrifugal compressors. Packaging, manufacturing and testing of the gas turbine/compressor trains will take place at Baker Hughes’ facilities in Florence and Massa, Italy.

The North Field is the world’s single largest non-associated natural gas field. The NFE project, owned by Qatar Petroleum and operated by Qatargas, is the first phase of the North Field LNG Expansion Project, announced in 2017, and will increase Qatar’s LNG production capacity from 77 MTPA to 110 MTPA, which accounts for an LNG production capacity increase of approximately 43 percent. First gas from the Expansion Project is expected to be produced by the end of 2025. The second phase of the North Field LNG Expansion Project, called the North Field South project (NFS), will further increase Qatar’s LNG production capacity from 110 MTPA to 126 MTPA.

Qatargas is entrusted with executing the NFE project on behalf of Qatar Petroleum. As the world’s premier LNG company, Qatargas has an established history in delivering such major projects and in operating various onshore and offshore facilities in the North Field with a high degree of reliability and operational excellence. The project is in line with Qatar’s National Vision 2030, which aims for more sustainable development by 2030.

About Baker Hughes:

Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com


Contacts

Media contacts:
Chiara Toniato
+39 346 382 3419
This email address is being protected from spambots. You need JavaScript enabled to view it.

Helen Roberts
+44 755 781 2474
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations:
Jud Bailey
+1 281-809-9088
This email address is being protected from spambots. You need JavaScript enabled to view it.

LONDON--(BUSINESS WIRE)--#GlobalMetallurgicalCoalMarket--Technavio has been monitoring the metallurgical coal market and it is poised to grow by USD 14.91 billion during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The steelmaking segment is expected to be the leading segment based on application in the global market during the forecast period.
  • What are the major trends in the market?
  • Advances in the mining industry is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 2%, the incremental growth of the market is anticipated to be USD 14.91 billion.
  • Who are the top players in the market?
  • Anglo American Plc, Arch Coal Inc., Bharat Coking Coal Ltd., BHP, China Coal Energy Co. Ltd., China Shenhua Energy Co. Ltd., Coronado Global Resources Inc., Glencore Plc, Teck Resources Ltd., and Vale SA are some of the major market participants.
  • What are the key market drivers?
  • Demand for coal tar is one of the major factors driving the market.
  • How big is the APAC market?
  • The APAC region will contribute 87% of market growth

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Anglo American Plc, Arch Coal Inc., Bharat Coking Coal Ltd., BHP, China Coal Energy Co. Ltd., China Shenhua Energy Co. Ltd., Coronado Global Resources Inc., Glencore Plc, Teck Resources Ltd., and Vale SA are some of the major market participants. The demand for coal tar will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Metallurgical Coal Market 2020-2024: Segmentation

Metallurgical Coal Market is segmented as below:

  • Application
    • Steelmaking
    • Non-steelmaking
  • Geographic Landscape
    • The Americas
    • APAC
    • EMEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40815

Metallurgical Coal Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The metallurgical coal market report covers the following areas:

  • Metallurgical Coal Market Size
  • Metallurgical Coal Market Trends
  • Metallurgical Coal Market Analysis

This study identifies advances in the mining industry as one of the prime reasons driving the metallurgical coal market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Metallurgical Coal Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist metallurgical coal market growth during the next five years
  • Estimation of the metallurgical coal market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the metallurgical coal market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metallurgical coal market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

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
  • Steelmaking - Market size and forecast 2019-2024
  • Non-steelmaking - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Americas - Market size and forecast 2019-2024
  • EMEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increase in number of smart city projects
  • Advances in mining industry
  • Steel production through electrolysis

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Anglo American Plc
  • Arch Coal Inc.
  • Bharat Coking Coal Ltd.
  • BHP
  • China Coal Energy Co. Ltd.
  • China Shenhua Energy Co. Ltd.
  • Coronado Global Resources, Inc.
  • Glencore Plc
  • Teck Resources Ltd.
  • Vale SA

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

DUBLIN--(BUSINESS WIRE)--The "Valve Positioners - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Global Valve Positioners Market to Reach US$1.6 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Valve Positioners estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.

Oil and Gas, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$414.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chemical segment is readjusted to a revised 4.5% CAGR for the next 7-year period. This segment currently accounts for a 15% share of the global Valve Positioners market.

The U. S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR for the Period of 2020-2027

The Valve Positioners market in the U. S. is estimated at US$348.2 Million in the year 2020. The country currently accounts for a 28.82% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$295.8 Million in the year 2027 trailing a CAGR of 7.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$295.8 Million by the year 2027.

Mining and Minerals Segment Corners a 11.9% Share in 2020

In the global Mining and Minerals segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$108.9 Million in the year 2020 will reach a projected size of US$140.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$224 Million by the year 2027, while Latin America will expand at a 4.2% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • ABB Ltd.
  • Azbil Corporation
  • ControlAir, Inc
  • Crane Co. - Westlock Controls
  • Emersion Electric Co.
  • Fine Controls (UK) Ltd.
  • Flowserve Corporation
  • General Electric Company
  • Metso Corporation
  • Rotork PLC
  • SAMSON Controls, Inc.
  • Siemens AG
  • Trimteck LLC
  • VRG Controls, LLC
  • Yokogawa Electric Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Valve Positioners Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • World Current & Future Analysis for Valve Positioners by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
  • World Historic Review for Valve Positioners by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • World 15-Year Perspective for Valve Positioners by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2018 & 2027
  • World Current & Future Analysis for Oil and Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
  • World Historic Review for Oil and Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • World 15-Year Perspective for Oil and Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
  • World Current & Future Analysis for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
  • World Historic Review for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • World 15-Year Perspective for Chemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
  • World Current & Future Analysis for Mining and Minerals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
  • World Historic Review for Mining and Minerals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • World 15-Year Perspective for Mining and Minerals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027
  • World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
  • World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
  • World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2018 & 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/6jhw3r


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

Critical amenity has broader impact of encouraging Electric Vehicle adoption and reducing Greenhouse Gas emissions

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--#coliving--Property Markets Group (PMG), a leading modern urban developer, has partnered with OBE Power, the leading private network of smart, distributed electric vehicle chargers in Florida to offer Electric Vehicle Charging as a Service (EV CaaS) at Society Las Olas, a 639 unit apartment community in downtown Fort Lauderdale.


The first PMG property to integrate OBE Power’s networked charging solution is the largest co-living community in America, featuring stunning residences and amenities with a focus on sustainable living.

OBE Power’s Electric Vehicle Charging as a Service and digital platform allows PMG to integrate smart community charging into Society Las Olas’ unique approach to the resident experience. Miami-based OBE Power owns, installs, and manages the charging amenity. Property managers can oversee its administration through OBE Power’s user-friendly web portal, as well as track environmental benefits real time.

According to OBE Power’s Managing Director Alejandro Burgana, “Society Las Olas’ residents and retail guests can now conveniently switch to an electric vehicle that costs less to ‘fuel,’ is faster, safer, less costly to operate and emits zero tailpipe pollution.”

“We’re excited to offer residents a cost-effective and convenient EV charging solution that adds value to our projects while helping reduce emissions,” says Ryan Shear, Managing Partner of PMG.

PMG plans to partner with OBE Power at the firm’s Society Biscayne project at 400 Biscayne Boulevard in downtown Miami, and eventually roll out in Wynwood and Orlando.

Florida is the 2nd largest adopter of electric vehicles in the nation, attracting young professionals and talented entrepreneurs looking for cosmopolitan, sustainable living at reasonable prices.

Note to Editors: High resolution photos of Society Las Olas and EV charging station in Society garage are available upon request.


Contacts

OBE Power
Alejandro Burgana
This email address is being protected from spambots. You need JavaScript enabled to view it.
305-546-5407

Property Markets Group
Melissa Sweredoski
This email address is being protected from spambots. You need JavaScript enabled to view it.
410-610-6321

DUBLIN--(BUSINESS WIRE)--The "Solar Tracker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.


The global solar tracker market experienced robust growth during 2014-2019

A significant increase in the number of solar panel installations across the globe is one of the key factors driving the growth of the market. Furthermore, the implementation of favorable government policies promoting various solar energy projects driving the market growth. Due to the increasing preference for renewable energy sources among the masses and the growing emphasis on utility-scale projects, solar trackers are being deployed across the residential, commercial and industrial sectors.

Additionally, various product innovations, such as the development of more efficient and cost-effective solar photovoltaics and concentrated photovoltaics, are acting as other major growth-inducing factors. These systems are innovatively designed to facilitate low-cost power generation.

Other factors, including increasing off-grid energy demand, along with the integration of cloud computing and the Internet of Things (IoT)-based solutions, are expected to drive the market further. Looking forward, the publisher expects the global solar tracker market to continue its strong growth during the next five years.

Key Questions Answered in This Report:

  • How has the global solar tracker market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global solar tracker market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the tracking type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar tracker market and who are the key players?
  • What is the degree of competition in the industry?

Key Market Segmentation:

Breakup by Type:

  • Active Solar Tracker
  • Passive Solar Tracker

Breakup by Tracking Type:

  • Single Axis Tracking
  • HSAT (Horizontal Single Axis Trackers)
  • VSAT (Vertical Single Axis Trackers)
  • TSAT (Titled Single Axis Trackers)
  • PSAT (Polar Aligned Single Axis Trackers)
  • Dual Axis Tracking
  • TTDAT (Tip-Tilt Dual Axis Trackers)
  • AADAT (Azimuth-Altitude Dual Axis Trackers)

Breakup by Technology:

  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)
  • Concentrated Photovoltaic (CPV)

Breakup by Application:

  • Utility Sector
  • Residential Sector
  • Commercial Sector

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Companies Mentioned

  • Arctech Solar Holding Co. Ltd.
  • Array Technologies Inc.
  • Convert Italia SpA (Valmont Industries Inc.)
  • DEGER energie GmbH & Co KG
  • First Solar Inc.
  • Nextracker Inc. (Flex Ltd.)
  • Powerway Renewable Energy Co. (SinoTech Power Group)
  • Soltec Energias Renovables S.L.
  • Sunpower Corporation (Total S.A.).

For more information about this report visit https://www.researchandmarkets.com/r/ja8z9b


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

NEW YORK--(BUSINESS WIRE)--Tortoise Acquisition Corp. (NYSE: SHLL) (“TortoiseCorp”) today announced that its stockholders voted to approve the proposed business combination between TortoiseCorp and Hyliion Inc. (“Hyliion”) and certain related proposals and that it has adjourned its virtual Special Meeting of Stockholders to September 30, 2020 at 1:00 p.m., Eastern time (the “Special Meeting”) to provide its shareholders additional time to vote on one of the ancillary proposals described in TortoiseCorp’s definitive proxy statement, dated September 8, 2020 (the “Proxy Statement”). To attend the reconvened virtual meeting, please visit https://www.cstproxy.com/tortoiseacquisitioncorp/sm2020.

TortoiseCorp urges its stockholders who have not voted to do so as soon as possible. TortoiseCorp received overwhelming support from stockholders for the proposed business combination with Hyliion. A sufficient number of votes to approve the business combination were received and TortoiseCorp expects to close the transaction on Thursday, October 1, 2020. However, TortoiseCorp values the input of all stockholders and has adjourned the Special Meeting to provide stockholders who have not voted with additional time to vote their shares on one of the ancillary proposals. If you have any questions regarding the Special Meeting or need assistance voting your shares, please contact TortoiseCorp’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 662-5200 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

In connection with the proposed business combination, TortoiseCorp filed the Proxy Statement with the U.S. Securities and Exchange Commission (the “SEC”) on September 8, 2020, and the Proxy Statement and proxy card were mailed shortly thereafter to stockholders of record as of the close of business on August 24, 2020. The Proxy Statement is available on the Investor Information section of TortoiseCorp’s website, as well as www.sec.gov. TortoiseCorp stockholders are encouraged to read the definitive proxy materials, including, among other things, the reasons for TortoiseCorp’s Board of Directors’ unanimous recommendation that stockholders vote “FOR” the business combination and the other stockholder proposals set forth in the proxy materials as well as the background of the process that led to the pending business combination with Hyliion.

About Tortoise Acquisition Corp.

Tortoise Acquisition Corp. (NYSE: SHLL) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding TortoiseCorp’s proposed acquisition of Hyliion and TortoiseCorp’s ability to consummate the transaction are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, TortoiseCorp disclaims any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. TortoiseCorp cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of TortoiseCorp. In addition, TortoiseCorp cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TortoiseCorp or Hyliion; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of TortoiseCorp, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts TortoiseCorp’s or Hyliion’s current plans and operations; (v) Hyliion’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Hyliion to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) changes in applicable laws or regulations; and (viii) the possibility that Hyliion may be adversely affected by other economic, business and/or competitive factors. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TortoiseCorp’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2020 and June 30, 2020. TortoiseCorp's SEC filings are available publicly on the SEC’s website at www.sec.gov.


Contacts

Investor Contact:
Morrow Sodali LLC
Donna Corso or Ryan Loveless
(800) 662-5200
(Banks and Brokers call collect at (203) 658-9400)
This email address is being protected from spambots. You need JavaScript enabled to view it.

Three-year Initiative will Improve Traffic Flow and Safety Across Eight Southern California Cities

  • Project leverages Iteris’ traffic signal operations expertise to support region’s goal of improving the safety and mobility for road users

  • Initiative will improve coordination and safety across eight cities in southern California

  • Program includes Iteris’ Intersection-as-a-Service solution, which provides proactive signal operations and maintenance with 24/7 monitoring of device and system health

 



SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has executed the final contract and received the formal notice to proceed for a $4.7 million initiative with the Orange County Transportation Authority (OCTA) for a regional traffic signal synchronization project.

The three-year project includes signal coordination and timing improvements, with the aim of improving traffic flow, enhancing public safety and decreasing stops.

Under the project agreement, Iteris will provide services that will upgrade traffic signal electronics and communications equipment, and optimize signal timing along Katella Avenue, a major east-west corridor that comprises key signalized intersections spanning eight cities – Anaheim, Orange, Garden Grove, Villa Park, Cypress, Los Alamitos, Stanton and County of Orange – in Orange County, California. On January 7, 2020, Iteris announced that it had been awarded a $3.6 million contract to perform the same services across Orange County’s Main Street corridor.

Iteris’ Intersection-as-a-Service™ end-to-end solution offering, a component of the ClearMobility™ Platform, will deliver proactive monitoring of traffic signal operations at all project intersections. The primary goal of this project is to deploy new intelligent transportation system (ITS) equipment and communication infrastructure to support the management of the cities’ transportation network, implement optimized coordination timing plans to achieve optimal traffic flow, and improve safety for all road users, including vehicles, buses, bicycles and pedestrians.

“We are proud to support OCTA’s goal of improving the safety and mobility of road users by embarking on this traffic signal synchronization project,” said Scott Carlson, vice president and assistant general manager, Transportation Systems at Iteris. “This initiative represents the continued expansion of Iteris’ traffic signal coordination services, as well as our Intersection-as-a-Service offering, across the west coast and will ultimately help to increase the value and effectiveness of the region’s existing transportation infrastructure, while also improving air quality and reducing fuel consumption.”

Iteris expects to commence the traffic signal coordination and ITS design project immediately.

The ClearMobility Platform is the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information and join the conversation on Twitter, LinkedIn and Facebook.

Iteris Forward-Looking Statements

This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," “outlooks,” “target,” "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the timing, success, and benefits of the awarded contract. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to provide the services on a cost-effective basis; government funding and budgetary issues, and potential impacts related funding delays; project and contract cancellations; availability of resources, such as components and equipment necessary to perform the work for the project; the challenges in the development and deployment of software-based solutions generally; the impact of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).


Contacts

Media Contact
David Sadeghi
Tel: (949) 270-9523
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
(323) 468-2300
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Four small businesses to win a $45,000 makeover with a combination of energy efficient and cosmetic upgrades

BELLEVUE, Wash.--(BUSINESS WIRE)--With the impacts of the COVID-19 pandemic on small business owners, Puget Sound Energy is looking to help. Through the launch of its Small Business Energy Makeover contest, PSE will invest a total of $180,000 and provide four local small businesses a makeover that will help them save energy and trim operating costs. Each makeover will include $30,000 in energy efficiency upgrades and an additional $15,000 for needed cosmetic improvements.


“We care deeply about our community. Although small businesses are small in size, they’re large in numbers and the COVID-19 pandemic has left many operating on razor thin margins while trying to remain open,” said Leslie Myers, customer outreach supervisor at PSE. “Our Small Business Energy Makeover Contest is designed to give four small businesses a much-needed boost while serving as a model for others to learn valuable energy saving tips and other cost-saving measures.”

Winning business owners will work with a PSE energy expert to assess energy inefficiencies in their current operations and identify upgrades with the greatest impact, which may include installing new energy efficient equipment and programmable thermostats or updating lighting fixtures and HVAC systems.

PSE is encouraging customers to nominate their favorite local small business and business owners can also enter themselves into the contest. “We are hopeful to see entries from all types of small businesses, including those owned by Black, Indigenous and people of color, as the pandemic has hit these businesses particularly hard,” continued Myers.

A familiar local business leader is joining forces with PSE on this effort to transform small businesses, Chef Edouardo Jordan. Jordan is best known for his popular Seattle restaurants: Salare, JuneBaby and Lucinda Grain Bar.

“This is a unique and unprecedented time for all small business owners, and we’ve all been forced to be adaptive, creative and intentional with all of our decisions,” said Jordan. “The Small Business Energy Makeover Contest will support four local businesses while also making countless other companies aware of ways to lower operational costs and stay afloat.”

Contest entrants must be small businesses operating within Puget Sound Energy’s service area. All nominated businesses will be eligible for a PSE energy assessment and everyone who nominates a business will be entered in a drawing for a chance to win one of five Nest smart thermostats. The deadline for entries is Sunday, Oct. 18.

To nominate your favorite local business or learn more about the contest, visit: www.king5.com/PSE.

Puget Sound Energy is proud to serve our neighbors and communities in 10 Washington counties.
We're the state’s largest utility, supporting more than 1.1 million electric customers and nearly 900,000 natural gas customers.
For more about us and what we do, visit pse.com. Also follow us on Facebook and Twitter.


Contacts

Andrew Padula, 1-888-831-7250, This email address is being protected from spambots. You need JavaScript enabled to view it.

 

DUBLIN--(BUSINESS WIRE)--The "Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.


The global green data center market grew at a CAGR of around 18% during 2014-2019

The market is primarily being driven by the growing requirement for energy-efficient computing systems, which is further facilitated by increasing digitization across industries. Moreover, rising environmental consciousness and the widespread adoption of data centers to store and manage the constantly increasing amounts of data, are driving the market growth.

Green data centers are usually designed with on-site wind and solar farms that are constructed on the terrace of the building or facility. They also use the wastewater by recycling it for cooling purposes. Additionally, various product innovations, such as the utilization of low-emission building materials, paints, carpets, waste recycling systems and sustainable landscaping, for the construction of these data centers, are acting as other growth-inducing factors.

Manufacturers are also using alternative technologies, such as evaporative cooling, heat pumps, photovoltaic cells and catalytic converters, for producing energy-efficient systems. This, along with significant growth in the information technology (IT) infrastructure, represents some of the other factors driving the market further. Looking forward, the publisher expects the global green data center market to continue its strong growth during the next five years.

Key Questions Answered in This Report:

  • How has the global green data center market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global green data center market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the data center type?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global green data center market and who are the key players?
  • What is the degree of competition in the industry?

Key Market Segmentation:

Breakup by Component:

  • Solutions
  • Power Systems
  • Servers
  • Monitoring and Management Systems
  • Networking Systems
  • Cooling Systems
  • Others
  • Services
  • System Integration Services
  • Maintenance and Support Services
  • Training and Consulting Services

Breakup by Data Center Type:

  • Colocation Data Centers
  • Managed Service Data Centers
  • Cloud Service Data Centers
  • Enterprise Data Centers

Breakup by Industry Vertical:

  • Healthcare
  • BFSI
  • Government
  • Telecom and IT
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • Cisco Technology Inc.
  • Dell EMC Inc.
  • Eaton Corporation
  • Ericsson Inc.
  • Fujitsu Limited (Furukawa Group)
  • HCL Technologies Limited
  • Hitachi Ltd
  • HP Inc.
  • Huawei Technologies Co. Ltd.
  • IBM
  • Microsoft Corporation
  • Schneider Electric SE
  • Siemens AG
  • Vertiv Co.

For more information about this report visit https://www.researchandmarkets.com/r/pnmiu3


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
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

Facility to provide renewable energy to fast-growing zone near Houston


OVERLAND PARK, Kan.--(BUSINESS WIRE)--Diode Ventures, a Black & Veatch company that develops global infrastructure projects, today announced that renewable energy leader ACCIONA has acquired 100 percent of a 240-megawatt (MW) ac/315 MW dc photovoltaic (PV) project in development in Fort Bend County, Texas.

With the transaction, ACCIONA extends its footprint in U.S. solar generation as demand for renewable energy grows due to increasing efforts to decarbonize the electric sector. Solar and wind projects owned and operated by ACCIONA generate more than 1,000 MWs of power in the United States and Canada, with more in development. With three wind power projects in Cameron County, Texas, the Fort Bend project represents ACCIONA’s fourth investment in the state, and its first solar PV project in Texas. When operational, Fort Bend will give the company more than 750 MWs of renewable capacity in Texas. ACCIONA has committed to delivering 1,600 MWs of new solar across the United States by 2023.

The project, expected to create about 300 jobs during the construction phase, will be within the territory of the Electric Reliability Council of Texas (ERCOT), a membership-based nonprofit corporation that manages electricity flow to more than 26 million Texas customers. That represents about 90 percent of the state’s electric load.

Diode Ventures, which offers clients reliable, turnkey asset-development solutions for large-scale infrastructure programs, has teamed with Enfinite Capital to develop the Fort Bend Solar project to a Full Notice to Proceed (FNTP) state. As an investment and asset management firm, Enfinite Capital specializes in renewable energy, infrastructure and real estate assets.

Diode bought the Fort Bend Solar project from global property group and contractor Lendlease in 2018.

“With solar power continuing to surge in demand as a cleaner, greener provider of electricity, we’re pleased to see this ambitious project advance closer to becoming a reality,” said Brad Hardin, Diode Ventures’ president. “This is another important step toward sustainability and lowering our carbon footprint in an evolving electric marketplace, and we’re proud to be part of it.”

“We are excited to invest in Fort Bend County and to bring this solar project forward,” said Rafael Esteban, CEO of ACCIONA’s energy division in North America. “This is an opportunity to continue our success in the State of Texas. The Fort Bend project will be a flagship of our US portfolio and a demonstration of our commitment to delivering value to our shareholders while advancing economic development and sustainability.”

About Diode Ventures

Diode Ventures is a developer of energy and data infrastructure, serving the commercial, industrial and technology sectors. With our partners, we offer our clients development services including site selection, capital assembly, project financing, EPC and O&M. Diode Ventures is a wholly owned subsidiary of Black & Veatch with a global presence in over 100 countries. To learn more, visit www.diodeventures.com.

About ACCIONA

ACCIONA is a global group that develops and manages sustainable infrastructure solutions, particularly in renewable energy. Its range of services covers the entire value chain of design, construction, operation and maintenance. ACCIONA's aim is to lead the transition to a low-carbon economy and does this by applying criteria of technical excellence and innovation processes to all its projects to design a better planet. The company earned revenues of 7,191 million euros in 2019, has a presence in more than 60 countries and carries out its activities within a commitment to the economic and social development of the communities it operates in.

In the field of energy, ACCIONA is a global operator in renewables with 30 years’ experience in the sector and 10,407 megawatts (MW) under its ownership, distributed in 16 countries on the five continents. It has 226 wind farms, 76 hydropower plants, 11 large photovoltaic plants, 3 biomass plants and a CSP plant. acciona.com


Contacts

ACCIONA Contact Information
David Jakubiak
+1 312-673-3086
This email address is being protected from spambots. You need JavaScript enabled to view it.

Diode Ventures Contact Information
Anna Goebel
+1 913-458-1688
This email address is being protected from spambots. You need JavaScript enabled to view it.

LONDON--(BUSINESS WIRE)--#ComputationalFluidDynamicsCFDMarket--Technavio has been monitoring the computational fluid dynamics (CFD) market and it is poised to grow by USD 1.07 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions -

  • Based on segmentation by end-users, which is the leading segment in the market?
  • The aerospace and defense sector is expected to be the leading segment based on end-users in the global market during the forecast period.
  • What are the major trends in the market?
  • Increasing number of strategic alliances is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 9%, the incremental growth of the market is anticipated to be USD 1.07 billion.
  • Who are the top players in the market?
  • Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL Inc., Convergent Science, Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG are some of the major market participants.
  • What are the key market drivers?
  • High adoption of electric vehicles is one of the major factors driving the market.
  • How big is the APAC market?
  • The APAC region will contribute 35% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL Inc., Convergent Science, Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG are some of the major market participants. The high adoption of electric vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Computational Fluid Dynamics (CFD) Market 2020-2024: Segmentation

Computational Fluid Dynamics (CFD) Market is segmented as below:

  • End-user
    • Aerospace and Defense
    • Automotive
    • Electrical and Electronics
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40496

Computational Fluid Dynamics (CFD) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The computational fluid dynamics (CFD) market report covers the following areas:

  • Computational Fluid Dynamics (CFD) Market Size
  • Computational Fluid Dynamics (CFD) Market Trends
  • Computational Fluid Dynamics (CFD) Market Analysis

This study identifies an increasing number of strategic alliances as one of the prime reasons driving the computational fluid dynamics (CFD) market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Computational Fluid Dynamics (CFD) Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist computational fluid dynamics (CFD) market growth during the next five years
  • Estimation of the computational fluid dynamics (CFD) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the computational fluid dynamics (CFD) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of computational fluid dynamics (CFD) market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

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 END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Aerospace and defense - Market size and forecast 2019-2024
  • Automotive - Market size and forecast 2019-2024
  • Electrical and electronics - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Increasing shift toward cloud-based CFD
  • Technical advances
  • Increasing number of strategic alliances

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Altair Engineering Inc.
  • ANSYS Inc.
  • Autodesk Inc.
  • COMSOL Inc.
  • Convergent Science
  • Dassault Systemes SE
  • ESI Group
  • Hexagon AB
  • PTC Inc.
  • Siemens AG

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

Nasdaq Uplisting and Raise of $12.4M

VISTA, Calif.--(BUSINESS WIRE)--$FLUX #FY2020--Flux Power Holdings, Inc. (Nasdaq: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today reported financial results for its fourth quarter (Q4’20) and fiscal year (FY‘20) ended June 30, 2020.


Financial Highlights:

  • Q4’20 revenue grew 107% to $6.3M compared to Q4’19 revenue of $3.0M
  • FY’20 revenue increased 81% to $16.8M vs FY’19 revenue of $9.3M
  • Q4’20 gross margin increased to 17.0% compared to 7.3% in Q4’19
  • FY’20 gross margin improved to 13.0% vs FY’19 gross margin of 5.9%

Strategic Highlights:

“To support our projected rapid growth, we are very pleased to have uplisted to the Nasdaq Capital Market which we believe will increase investor awareness to our business and provide better access to growth capital,” Flux Power CEO Ron Dutt commented. “We expect this growth pace to continue in fiscal year 2021 and beyond as we are expanding penetration of our current large customer’s fleets and adding new customers by leveraging current successes.”

Q4’20 Financial Results

Revenue: Q4’20 revenue increased 107% to $6.3M compared to $3.0M in Q4’19, driven by sales of larger LiFT Packs.

Gross Profit: Q4’20 gross profit improved to $1.1M compared to a gross profit of $220,000 in Q4’19 principally reflecting higher sales volumes and benefits from Flux Power’s revenue growth and gross margin improvement program.

Selling & Administrative: Expenses increased to $2.7M in Q4’20 from $2.2M in Q4’19, principally reflecting increased staffing to support expanded operations and growth.

Research & Development: Expenses decreased slightly to $1.1M in Q4’20, compared to $1.2M in Q4’19 reflecting our continued product range evolution and optimization.

Net Loss: Q4’20 net loss decreased to $3.2M from a loss of $3.3M in Q4’19, principally reflecting higher operating costs and interest expense.

FY’20 Financial Results

Revenue: FY’20 revenues rose 81% to $16.8M compared to $9.3M in FY’19, reflecting the rollout of LiFT Packs for larger forklifts and electric trucks, rapid sales of battery packs for walkie pallet jacks, a four-fold increase in sales of GSE Packs to $1.5 million, and rising interest overall in lithium-ion storage solutions. During FY’20, Flux Power expanded its offerings for the Class 1, 2 and 3 forklift markets and continued to increase its new customer development.

Gross Profit: FY’20 gross profit improved to $2.2M compared to a loss of $549,000 in FY’19, based on higher sales and improved gross margins reflecting the benefit of sourcing initiatives, lower prices from higher volume purchasing, and specific design cost reductions.

Selling & Administrative: Expenses increased to $9.8M in FY’20 from $7.7M in FY’19, principally due to additional cash and stock-based compensation expense related to new hires across the business to facilitate production and market growth, and legal fees supporting debt and equity issuances.

Research & Development: Expenses increased to $5.0M in FY’20 from $4.1M in FY’19, reflecting development costs supporting the full product line as well as third party certification efforts such UL Listing and UN38.3 (transportation) requirements.

Net Loss: Net loss increased to $14.3M (a loss of $2.80 per share) in FY’20 from a net loss of $12.4M (a loss of $2.84 per share) in FY’19 mainly due to higher operating expenses and increased interest expense. Per share results are based on 5.1M and 4.4M weighted average basic shares outstanding at the end of FY’20 and FY’19, respectively.

Capital Structure

Flux Power completed equity private placements during Q4’20 totaling $1.3M, with an additional placement of $3.2M on July 24, 2020. Additionally, a total debt conversion to equity of $8.3M was achieved, with $7.9M on June 30, 2020 and $400,000 on July 22, 2020.

On August 18, 2020, Flux Power closed an underwritten public offering of its common stock priced at a public offering price of $4.00 per share for gross proceeds of approximately $12.4 million, which included the full exercise of the underwriter's over-allotment option to purchase additional shares, prior to deducting underwriting discounts and commissions and offering expenses payable by Flux Power. A total of 3,099,250 shares of common stock were issued in the offering, including the full exercise of the over-allotment option.

Fiscal Year 2021 Outlook

Flux Power anticipates revenue growth to continue its FY’20 momentum in FY’21 reflecting: (i) a growing preference for high performing, cost-efficient, and reliable lithium-ion battery solutions over legacy lead acid based solutions; (ii) the strength of its current order backlog and potential purchasing plans of existing customers; and (iii) the impact of a full product line of lithium-ion battery packs.

The first quarter (Q1’21) of the fiscal year is a seasonally slower revenue quarter, reflecting customers not purchasing or installing new equipment over the historically slower summer months of July and August. However, Flux Power anticipates significant year over year growth for the quarter, but a lower growth quarter compared with the prior two quarters. Based on an expanded line-up of product offerings, current pipeline of large customer procurement discussions, and projected new customer acquisitions, the current growth trajectory is anticipated to continue, with potential upside attributable to accelerating demand for lithium-ion solutions. Flux Power also expects to further enhance gross margins across its product lines as Flux Power implements a series of clearly defined initiatives to advance technology, design, production and purchasing efficiencies, as well as benefiting from growing economies of scale.

CEO Ron Dutt added, “While the timing of sales continues to be difficult to predict each quarter, we are ever confident in the outlook for fiscal 2021 based on customer dialogues across all product lines.”

About Flux Power Holdings, Inc. (www.fluxpower.com)

Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.

Cautionary Statement Regarding Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:

Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power

FLUX POWER HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

 

 

June 30,

2020

 

 

June 30,

2019

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

Cash

 

$

726,000

 

 

$

102,000

 

Accounts receivable

 

 

3,069,000

 

 

 

2,416,000

 

Inventories

 

 

5,256,000

 

 

 

3,813,000

 

Other current assets

 

 

787,000

 

 

 

371,000

 

Total current assets

 

 

9,838,000

 

 

 

6,702,000

 

 

 

 

 

 

 

 

 

 

Right of use asset

 

 

3,435,000

 

 

 

-

 

Other assets

 

 

174,000

 

 

 

158,000

 

Property, plant and equipment, net

 

 

528,000

 

 

 

346,000

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

13,975,000

 

 

$

7,206,000

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ DEFICIT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$

4,648,000

 

 

$

2,483,000

 

Accrued expenses

 

 

1,400,000

 

 

 

858,000

 

Deferred revenue

 

 

4,000

 

 

 

-

 

Customer deposits

 

 

1,563,000

 

 

 

-

 

Due to factor

 

 

469,000

 

 

 

-

 

Short-term loans – related party

 

 

2,057,000

 

 

 

-

 

Line of credit - related party

 

 

5,290,000

 

 

 

6,405,000

 

Financing lease payable, current portion

 

 

28,000

 

 

 

29,000

 

Office lease payable, current portion

 

 

288,000

 

 

 

-

 

Accrued interest

 

 

50,000

 

 

 

571,000

 

Total current liabilities

 

 

15,797,000

 

 

 

10,346,000

 

 

 

 

 

 

 

 

 

 

Long term liabilities:

 

 

 

 

 

 

 

 

Financing lease payable, less current portion

 

 

-

 

 

 

29,000

 

Paycheck Protection Program loan payable

 

 

1,297,000

 

 

 

-

 

Office lease payable, less current portion

 

 

3,301,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

20,395,000

 

 

 

10,375,000

 

 

 

 

 

 

 

 

 

 

Stockholders’ deficit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding

 

 

-

 

 

 

-

 

Common stock, $0.001 par value; 30,000,000 shares authorized; 7,420,487 and 5,101,580 shares issued and outstanding at June 30, 2020 and June 30, 2019, respectively

 

 

7,000

 

 

 

5,000

 

Additional paid-in capital

 

 

46,985,000

 

 

 

35,902,000

 

Accumulated deficit

 

 

(53,412,000

)

 

 

(39,076,000

)

Total stockholders’ deficit

 

 

(6,420,000

)

 

 

(3,169,000

)

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders’ deficit

 

$

13,975,000

 

 

$

7,206,000

 

FLUX POWER HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 

 

Three months ended
June 30, (Unaudited)

 

 

Years ended
June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net revenue

 

$

6,257,000

 

 

$

3,020,000

 

 

$

16,842,000

 

 

$

9,317,000

 

Cost of sales

 

 

5,195,000

 

 

 

2,800,000

 

 

 

14,656,000

 

 

 

8,768,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

1,062,000

 

 

 

220,000

 

 

 

2,186,000

 

 

 

549,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling and administrative expenses

 

 

2,653,000

 

 

 

2,194,000

 

 

 

9,761,000

 

 

 

7,712,000

 

Research and development

 

 

1,085,000

 

 

 

1,196,000

 

 

 

4,973,000

 

 

 

4,088,000

 

Total operating expenses

 

 

3,738,000

 

 

 

3,390,000

 

 

 

14,734,000

 

 

 

11,800,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating loss

 

 

(2,676,000

)

 

 

(3,170,000

)

 

 

(12,548,000

)

 

 

(11,251,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

-

 

 

 

84,000

 

 

 

-

 

 

 

84,000

 

Interest expense

 

 

(574,000

)

 

 

(189,000

)

 

 

(1,788,000

)

 

 

(1,247,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,250,000

)

 

$

(3,275,000

)

 

$

(14,336,000

)

 

$

(12,414,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic and diluted

 

$

(0.63

)

 

$

(0.64

)

 

$

(2.80

)

 

$

(2.84

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding - basic and diluted

 

 

5,157,184

 

 

 

5,101,580

 

 

 

5,118,713

 

 

 

4,364,271

 

 


Contacts

Media & Investor Relations:
Justin Forbes
877-505-3589
This email address is being protected from spambots. You need JavaScript enabled to view it.

MONTREAL--(BUSINESS WIRE)--BrainBox AI, the pioneer provider of autonomous artificial intelligence (AI) technology for corporate and commercial buildings, is pleased to welcome Hong Kong-based Sunland Cleantech to its growing family of Licensed Reseller partners.


BrainBox AI offers building owners a unique technology combining deep learning, cloud-based computing and algorithms to support a self-operating building. BrainBox AI’s solution enables the HVAC (heating, ventilation and air conditioning) systems in a building to operate autonomously, in real-time, leading to a reduction of up to 25% in total energy costs in less than 3 months, a 20-40% reduction in carbon footprint and a 60% increase in occupant comfort.

Sunland Cleantech can now provide its clients with access to the latest energy consumption optimization technologies in-market and enable impactful utility bill savings for building owners. BrainBox AI technology can be installed in 2-3 hours and does not require the deployment of sensors.

Partnering with BrainBox AI to deliver energy savings to our clients with zero CAPEX and short lead times helps us keep our commitment to reduce HVAC energy consumption in Asia,” shared Chad Sunde, Managing Director and co-Founder of Sunland Cleantech. “With the impact of climate change manifesting itself more every day, the BrainBox AI solution offers a better path to positive change.”

We are very pleased to be partnering with Sunland Cleantech and bringing BrainBox AI to the Asian market. We look forward to Sunland Cleantech helping us achieve our mission of significantly decreasing the real estate industry’s energy consumption and consequently its impact on climate change,” stated Rainer Wellige, Chief Revenue Officer at BrainBox AI.

Since its launch in May 2019, BrainBox AI has already teamed up with over 30 partners across the world to deliver an industry-defining AI solution to market. Building owners located in Asia are encouraged to contact Sunland Cleantech to learn more about what BrainBox AI can do for their buildings today. Visit BrainBox AI’s website to learn more about the technology.

About Sunland Cleantech

Hong Kong-based Sunland Cleantech is a company with big dreams. We aim to be the #1 provider of technologies that reduce HVAC energy consumption in Asia. We are excited by new technologies coming to market that we can bring to Asia-based companies.

We are also very passionate about the world and we want to do what we can, to bring the current climate problems back to a more balanced and ultimately a safer place, for future generations. Learn more about Sunland Cleantech.

About BrainBox AI

Combining the leadership of Sean Neely, CEO and Co-Founder, and the expertise of Jean-Simon Venne, CTO and Co-Founder, BrainBox AI was created in 2017 with the goal of redefining building automation through artificial intelligence to be at the forefront of a green building revolution. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 60 employees and supports real estate clients in numerous sectors, including office buildings, airports, hotels, multi-residential, long-term care facilities, grocery stores and commercial retail.

BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s École de technologie supérieure (ETS). Learn more about BrainBox AI.


Contacts

For more information:
Sunland Cleantech
Chris Marland
This email address is being protected from spambots. You need JavaScript enabled to view it.

BrainBox AI
Perry Goldman
Director, Montieth & Co.
This email address is being protected from spambots. You need JavaScript enabled to view it.

TES 668™ utilizes the latest developments in synthetic fluid formulation and additive technologies to meet the needs of current and future applications.

INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today a new formulation of its high-performing transmission fluid. TES 668™ is a modern formulation with many advantages compared to mineral-based, non-synthetic fluids. This next generation transmission fluid is specified for all Allison 1000 Series™, 2000 Series™, 3000 Series™ and 4000 Series™ automatic transmissions.


TES 668 builds on the demonstrated performance of TES 295® fluid in a number of key areas, such as oxidative stability, anti-wear performance and friction modifier durability. These factors improve the quality of the shifts and reduce the noise, vibration and harshness experienced as the fluid ages. Better friction performance provides more consistent clutch application—even across temperature variations and load sizes.

The robust formulation of TES 668 meets the most demanding specs related to fluid stability, lubrication and cold operation. This allows Allison to back long drain intervals, even when operating under heavy loads. TES 668 is specified for Allison products to ensure ideal operation. There are a range of problems that come from using an unapproved fluid in an Allison product, such as seal and friction issues, which will impact overall product durability. Using genuine automatic transmission fluid from an Allison Approved or Authorized partner is key to optimum performance and the long-lasting durability of Allison’s products.

“We are pleased to offer the enhanced fluid. This is yet another example of how Allison strives to continually progress our products and services with our mission of improving the way the world works,” said Brian Geiselhart, Allison Transmission Managing Director, Global Channel, Aftermarket & Warranty.

Allison Transmission is in the process of providing additional approvals for multiple oil marketers and our website will continually be updated to reflect that. Click here for the full list of TES 668 approved vendors.

-###-

About Allison Transmission

Allison Transmission (NYSE: ALSN) is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, as well as a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a market presence in more than 80 countries, Allison has regional headquarters in the Netherlands, China and Brazil with manufacturing facilities in the U.S., Hungary and India. Allison also has approximately 1,500 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.


Contacts

Claire Gregory
Director of Communications and Media Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
(317) 695-9124

AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that Bob Kenyon will be joining the company as Vice President, Sales & Marketing effective September 30, 2020. Kenyon will be succeeding Gary Haer following his decision to retire.


Kenyon brings deep knowledge of the oil and gas industry with more than 26 years of experience in fuels operations and downstream marketing. Most recently, Kenyon served as President of Atlas Oil Company in Taylor, MI. Atlas Oil Company is one of the largest fuels distributors in the country, delivering over 1 billion gallons of fuel annually to customers in 49 states.

“We are delighted to have Bob join REG. His extensive background in fuels marketing and downstream sales is a natural fit with our downstream growth plans,” said REG President & CEO Cynthia ‘CJ’ Warner. “Bob will lead our sales & marketing functions at an exciting time for REG as we grow our global footprint and customer base.”

As a member of the senior management team, Kenyon will lead the teams that oversee the sales, marketing and customer care for REG’s high quality products including biodiesel, renewable diesel, REG Ultra Clean® and blended fuels.

“I'm honored to be joining a team of dedicated professionals bringing clean energy solutions to the world,” said Kenyon. “REG is well positioned to lead the adoption of biofuels globally and I'm excited to lead our Fuel Forward sales and marketing strategy to partner with customers and drive sustainability initiatives.”

Bob holds a degree in Business Management from Eastern Michigan University. Bob serves on the board of the American Diabetes Association of Michigan and is a member of the Society of Independent Gasoline Marketers Association. He will be relocating to the Ames area.

After 20 years of dedication and advocacy for REG and the biodiesel industry, current Vice President, Sales & Marketing Gary Haer has decided to retire. Following a thorough handover and management of change process with Kenyon, Haer intends to retire from REG at the end of March 2021. Haer is truly one of the first pioneers of the industry and served as Chairman of the National Biodiesel Board during critical points for the industry.

“As one of the very first employees of REG, Gary has been instrumental in the growth of the company and the biodiesel industry at large,” said Warner. “Gary grew the sales organization from a single individual selling fuel to farmers, to leading a global team selling a half a billion gallons annually. Gary has inspired so very many people across the span of his career, has truly made a positive difference, and will always be considered a valued member of our team.”

About Renewable Energy Group

Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially are described in REG's annual report on Form 10-K for the year ended December 31, 2019, quarterly report on Form 10-Q for the quarter ended June 30, 2020 and from time to time in the Company's other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.


Contacts

Katie Stanley
Renewable Energy Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
(515) 239-8184

MINNEAPOLIS--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced today that its Board of Directors has appointed Kermit Crawford as a new director. Crawford currently sits on the board of directors at TransUnion, serving in this capacity since 2019, and is a member of TransUnion’s Audit and Compliance Committee as well as the Technology, Privacy and Cybersecurity Committee. Crawford has also served on the board of directors for The Allstate Corporation since 2013 and is currently Chair of the Audit Committee, as well as a member of the Risk and Return Committee.


“We are excited to have Kermit join C.H. Robinson’s Board of Directors and look forward to his contributions,” said Scott P. Anderson, Chairman of the Board of C.H. Robinson. “Kermit is a seasoned executive, with more than 30 years of experience in the retail industry. His operating experience at trusted national brands dedicated to providing an excellent customer experience will be an asset for our Board and will serve our company and shareholders well.”

Crawford, 61, served as president and chief operating officer of Rite Aid Corporation from 2017 to 2019. Prior to Rite Aid, he was an operating partner and advisor with private equity firm Sycamore Partners from 2015 to 2017. He previously worked for Walgreens from 1983 to 2014 and he served in multiple roles of increasing responsibility, including executive vice president and president of Pharmacy, Health and Wellness and executive vice president and senior vice president of Pharmacy Services. Crawford holds a Bachelor of Science from The College of Pharmacy and Health Sciences at Texas Southern University.

“Kermit brings a vast array of experiences from his more than 30 years in leadership in a dynamic business sector,” said Bob Biesterfeld, Chief Executive Officer of C.H. Robinson. “His deep background driving innovative operating models, as well as delivering a great customer experience for both businesses and consumers, make him a welcome addition to our Board.”

Crawford has received many honors for his expertise and contributions. Chain Drug Review honored him with the Lifetime Achievement Award in 2014, and Drug Store News presented him with its 2014 Pharmacy Innovator Award. Savoy Magazine named Crawford one of the Top 100 Most Influential Blacks in Corporate America in 2018, and Black Enterprise Magazine named Crawford to its prestigious list of America’s Most Powerful Black Directors in 2018.

“I am honored to join C.H. Robinson’s Board of Directors,” said Kermit Crawford. “C.H. Robinson is a highly regarded market leader known for its customer-centric execution, transformational technology and strong financial performance. I believe the company is well positioned for future success, and I look forward to adding my insights and voice to the board.”

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 119,000 customers and 78,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

Source: C.H. Robinson

CHRW-IR


Contacts

FOR INVESTOR INQUIRIES, CONTACT:
Chuck Ives, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

FOR MEDIA INQUIRIES, CONTACT:
Kelsey Soby, Director of Public Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Offshore Source Logo

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
8502 SW Kansas Ave
Stuart, FL 34997

info@tscpublishing.com