DANBURY | Jotup

FuelCell Energy and Gyeonggi Green Energy Announce Agreement for Purchase of Fuel Cell Modules and Service Agreement for World’s Largest Fuel Cell Power Platform

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Dienstag, Mai 28, 2024

Hydrogen, Carbon, FuelCell Energy, B cell, Negotiation, ExxonMobil, Heat, Electricity generation, GGE, Toyota Motor North America, Particulates, Electrolysis, Natural gas, CO2, Environment, Electricity, Renewable energy

DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world’s largest fuel cell power platform, located in Hwaseong-si.

Key Points:

DANBURY, Conn. and HWASEONG-SI, Korea, May 28, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) and Gyeonggi Green Energy Co., Ltd. (GGE), today announced that pursuant to a long term service agreement GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world’s largest fuel cell power platform, located in Hwaseong-si.
The agreement, which constitutes a significant milestone for supplying clean baseload power to the Korean market, also includes a new seven-year service agreement pursuant to which FuelCell Energy will service the fuel cell modules.
In 2019, Korea announced its Hydrogen Economy Roadmap, which includes a goal to supply 15 gigawatts of power from fuel cells by 2040.
FuelCell Energy’s platforms are also scalable, and the company has deployed the largest fuel cell parks in the world.

FuelCell Energy Announces Second Quarter of Fiscal 2024 Results Conference Call on June 10, 2024 at 10 A.M. Eastern Time

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Mittwoch, Mai 22, 2024

FuelCell Energy, Webcast, Telephone, Hydrogen, Broadcasting

FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, June 10, 2024, to discuss the results and provide a business update.

Key Points:

FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Monday, June 10, 2024, to discuss the results and provide a business update.
Participants can access the live call via webcast on the Company website or by telephone as follows:
The live webcast of this call and supporting slide presentation will be available at www.fuelcellenergy.com .
Alternatively, participants can dial (888) 330-3181 and state FuelCell Energy or the conference ID number 1099808.
The replay of the conference call will be available via webcast on the Company’s Investors’ page at www.fuelcellenergy.com approximately two hours after the conclusion of the call.

MannKind Corporation Reports 2024 First Quarter Financial Results: Provides Clinical Development Update

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Mittwoch, Mai 8, 2024

Acquisition, Sale, Research, Bank statement, United Therapeutics, Investment, GAAP, EPS, Pharmaceutical industry

Commercial product gross margin in the first quarter of 2024 was 80% compared to 69% for the same period in 2023.

Key Points:

Commercial product gross margin in the first quarter of 2024 was 80% compared to 69% for the same period in 2023.
Cost of revenue – collaborations and services for the first quarter of 2024 was $14.8 million compared to $10.7 million for the same period in 2023.
Research and development ("R&D") expenses for the first quarter of 2024 were $10.0 million compared to $5.6 million for the same period in 2023.
Selling expenses were $11.6 million in the first quarter of 2024 compared to $13.3 million for the same period in 2023.

Ethan Allen Reports Fiscal 2024 Third Quarter Results Highlighted by Robust Balance Sheet, Strong Cash Dividends and Double-Digit Operating Margin; Lower Demand Reflects Post Pandemic Period

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Mittwoch, April 24, 2024

Investment, Interior, Responsibility, EPS, Marketing, GAAP, Video game

DANBURY, CT, April 24, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design destination, today reported its financial and operating results for the fiscal 2024 third quarter ended March 31, 2024.

Key Points:

DANBURY, CT, April 24, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design destination, today reported its financial and operating results for the fiscal 2024 third quarter ended March 31, 2024.
Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased with our financial performance and the continued strengthening of our enterprise.
In addition during the pandemic period, defined by us as fiscal years 2021 through 2023, we paid $137.9 million in dividends, including the payment of special cash dividends in each of the past three years.
Comparisons are to the third quarter of fiscal 2023.

Ethan Allen Increases Regular Quarterly Cash Dividend by 8.3%

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Montag, April 22, 2024

DANBURY, CT, April 22, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) announced today that its Board of Directors declared and increased the regular quarterly cash dividend to $0.39 per share, payable on May 23, 2024, to shareholders of record at the close of business on May 7, 2024.

Key Points:

DANBURY, CT, April 22, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) announced today that its Board of Directors declared and increased the regular quarterly cash dividend to $0.39 per share, payable on May 23, 2024, to shareholders of record at the close of business on May 7, 2024.
Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased to increase our regular quarterly cash dividend by 8.3% to $0.39 per share.
The Board’s decision today highlights our strong balance sheet allowing for these returns to shareholders.”
As previously announced on April 3, 2024, the Company will release its fiscal 2024 third quarter financial results on April 24, 2024.

Global Jet Capital Completes Securitization, Raising $575M

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Dienstag, April 16, 2024

Morgan Stanley, Deutsche Bank, Bookrunner, S&P Global Ratings, ABS, Citigroup, BofA Securities

Danbury, CT, April 16, 2024 (GLOBE NEWSWIRE) -- Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the closing of its BJETS 2024-1 securitization, raising approximately $575 million.

Key Points:

Danbury, CT, April 16, 2024 (GLOBE NEWSWIRE) -- Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the closing of its BJETS 2024-1 securitization, raising approximately $575 million.
BJETS 2024-1 is Global Jet Capital’s seventh asset-backed security (ABS) offering, bringing total assets securitized to approximately $5.1 billion and bonds issued to approximately $4.2 billion.
Vivek Kaushal, CEO of Global Jet Capital, stated, “We are very pleased with the results of our latest successful issuance.
This successful issuance is underpinned by the hard work and dedication of the Global Jet Capital team, and I am grateful for their contributions.”

FuelCell Energy Technology to be Used in Sacramento Wastewater Biofuel Clean Energy Project

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Donnerstag, April 11, 2024

Congress, Public, B cell, Sulfur oxide, Particulates, FuelCell Energy, IRS, Electricity, Environment, CARB, Legislation, NOx, Inflation, Government, Renewable energy

DANBURY, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), announced that its carbonate fuel cell technology will be used in a biogeneration project developed by Ameresco for the Sacramento Area Sewer District (Sacramento Sewer) to convert on-site biofuel into clean electricity.

Key Points:

DANBURY, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), announced that its carbonate fuel cell technology will be used in a biogeneration project developed by Ameresco for the Sacramento Area Sewer District (Sacramento Sewer) to convert on-site biofuel into clean electricity.
FuelCell Energy platforms use an electrochemical reaction to create clean energy, rather than combustion, which has multiple benefits.
In addition to the environmental sustainability aspects of the platform, the project with Sacramento Sewer, Ameresco and FuelCell Energy demonstrates the use of available state and federal benefits designed to help communities develop clean energy projects.
Based on the rules issued by the IRS in 2023, FuelCell energy is a domestic content provider.

Ethan Allen Announces Earnings Release Date for its Fiscal 2024 Third Quarter Results

Retrieved on:

Mittwoch, April 3, 2024

Eastern Time Zone

DANBURY, CT, April 03, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) today announced that it will release its financial and operating results for the fiscal 2024 third quarter ended March 31, 2024, after the market closes on Wednesday, April 24, 2024.

Key Points:

DANBURY, CT, April 03, 2024 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) today announced that it will release its financial and operating results for the fiscal 2024 third quarter ended March 31, 2024, after the market closes on Wednesday, April 24, 2024.
Following the earnings release, the Company will host a conference call with investors and analysts at 5:00 PM (Eastern Time) to discuss these results.
The conference call will be webcast live from the Company’s Investor Relations website at https://ir.ethanallen.com .
The following information is provided for those who would like to listen to the conference call:
For those unable to listen live, an archived recording of the call will be made available on the Company’s website referenced above for up to six months.

ARKA Completes $85 Million Investment to Expand Connecticut Facility

Retrieved on:

Dienstag, April 9, 2024

Defense, Telescope, Engineering, Communications satellite

DANBURY, Conn., April 9, 2024 /PRNewswire/ -- ARKA Group, L.P. recently completed a major expansion of its 550,000 square-foot facility in Danbury, Connecticut, where the company is headquartered, to expand production capability of smallsat systems, payloads and optical coating capabilities.

Key Points:

DANBURY, Conn., April 9, 2024 /PRNewswire/ -- ARKA Group, L.P. recently completed a major expansion of its 550,000 square-foot facility in Danbury, Connecticut, where the company is headquartered, to expand production capability of smallsat systems, payloads and optical coating capabilities.
The two-year, 14,000-foot expansion provides modern cleanrooms for rapid alignment, integration and test of sub-meter aperture EO/IR telescopes and payloads.
The addition also features a custom-designed facility enabling world-class, resilient, space-qualified, thin film coatings on optics for all missions.
The expansion brings to closure the most recent tranche of capital investment in ARKA's engineering and manufacturing facility, which has totaled nearly $100 million over the past dozen years.