General Electric

Atom Power Appoints New CEO as Company Enters Next Phase of Growth

Retrieved on: 
Wednesday, April 3, 2024
EV, General Electric, Culture, Growth, Partnership, Danaher Corporation, L.A. Live, IBM, Vats, SK Group, Artificial intelligence, Management

Vats, an accomplished and visionary leader, brings a wealth of experience to Atom Power.

Key Points: 
  • Vats, an accomplished and visionary leader, brings a wealth of experience to Atom Power.
  • With a proven track record of driving growth and innovation in technology and Artificial Intelligence in utilities, energy, and related industries, Vats is poised to lead Atom Power into a new era of success.
  • Vats joins Atom Power as the company ushers in a new phase of growth, spurred on by global demand for infrastructure to support EV adoption and related technologies.
  • His exceptional leadership skills, strategic insights, and deep industry knowledge make him the ideal choice to lead Atom Power.

SKYX Reports Record Sales of $58.8 Million for 2023 and Fourth Quarter Record Sales of $22.2 Million as it Continues to Enhance its Market Penetration for Both Retail and Pro Segments

Retrieved on: 
Monday, April 1, 2024
ALA, General Electric, Annual report, Tax, NAHB, BelAmi, Acceleration, Partnership, ANSI, International, Sale, Acquisition, National Electrical Code, Consumer Electronics Show, NEC, Investment, Safety, Depreciation, CES, IBS, Lighting, Data aggregation, Marketing, Video game

Generated a record $58.8 million in revenue in 2023, including E-commerce sales, smart home products and advanced plug & play products, as compared to $32,022 in 2022.

Key Points: 
  • Generated a record $58.8 million in revenue in 2023, including E-commerce sales, smart home products and advanced plug & play products, as compared to $32,022 in 2022.
  • Generated a record $22.2 million in revenue in the fourth quarter of 2023.
  • SKYX has started sales to the builder and pro segments and opened over 100 builder and pro accounts during the International Builders’ Show (IBS - NAHB) in Las Vegas.
  • Additionally, our e-commerce website platform continues to enhance the acceleration of marketing, distribution channels, collaborations, and sales to both professional and retail segments.

Vast Renewables Limited Announces Operational and Financial Results for First Half of Fiscal 2024

Retrieved on: 
Thursday, March 28, 2024
Hydrogen, Smith International, FEED, Bank of Montreal, Electricity, Financial management, General Electric, Solar, VS1, SM1, Électricité de France, CFO, Partnership, CSIRO, Oil Search, ARENA, California Resources Corporation, Aviation, Carbon, Eye, Investment, Convertible, Research and development, Occidental Petroleum, BMO Capital Markets, CSP, Business, Calendar, Government, Engineering, Renewable energy

SYDNEY, Australia, March 28, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (“Vast” or the “Company”) (Nasdaq: VSTE), a renewable energy company specializing in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat today announced operational and financial results for the first half of the Company’s fiscal 2024, comprising the six months ended December 31, 2023.

Key Points: 
  • During the first half of fiscal year 2024, Vast announced several funding commitments from strategic partners.
  • “The support Vast has received from our strategic partners has been very meaningful to the progress of our company, both from a financial as well as operational standpoint,” said Craig Wood, CEO of Vast.
  • During the first half of fiscal year 2024, Vast continued to make progress on its first utility-scale project for power generation, known as VS1, located in Port Augusta in South Australia.
  • As of December 31, 2023, Vast had total diluted common shares outstanding of 29,291,884.

IIoT Applications in the Oil and Gas Industry: The Installed Base of Wireless IIoT Devices in the Oil and Gas Industry Set to Reach 18.8 Million by 2028, Up from 7.8 Million in 2023 - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024
Technology, Energy, IOT (Internet of Things), Oil, Gas, Atmos, SCADA, Schneider Electric, FreeWave Technologies, Rockwell Automation, ABB, National Oceanography Centre, Southampton, LoRa, Quake Global, Internet of things, Honeywell, General Electric, Data management, RTM, LPWA, HMS Networks, Digi International, PSI, Industrial internet of things, Analysis of variance, Acquisition, Control system, Inductive Automation, NB, Peloton, Hitachi, Control theory, Temperature, Pressure, Growth, Blackline Safety, IA Financial Group, Sierra Wireless, Successors of Standard Oil, Ecosystem, LTE-M

This study investigates the worldwide market for wireless IoT applications in the oil and gas industry.

Key Points: 
  • This study investigates the worldwide market for wireless IoT applications in the oil and gas industry.
  • Oil and gas operators utilise wireless industrial IoT (IIoT) solutions to increase operational efficiency, secure assets and achieve regulatory compliance throughout the entire value chain.
  • The report estimates that the number of installed wireless devices featuring cellular, satellite and LPWA connectivity for oil and gas applications reached 7.8 million units worldwide in 2023.
  • Growing at a compound annual growth rate (CAGR) of 19.3 percent, the installed base is expected to reach 18.8 million units by 2028.

Technip Energies and GE Vernova Advance the UK’s Transition to Net-Zero with one of the World’s First Commercial Scale Gas-Fired Power and Carbon Capture Projects

Retrieved on: 
Friday, March 15, 2024
Carbon, Electricity, NZT, CCA, Natural gas, Shell, Letter, Heat recovery steam generator, Carbon capture, Consortium, HRSG, CO2, Technip Energies, Energy, BP, CCUS, General Electric, Government, State, Power, Renewable energy

This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year.

Key Points: 
  • This landmark project is poised to become one of the world’s first commercial scale gas-fired power stations with carbon capture, expected to capture up to 2 million tonnes of CO2 per year.
  • The Technip Energies and GE Vernova consortium, supported by leading infrastructure group Balfour Beatty, will play an important role constructing a highly efficient combined cycle plant.
  • Technip Energies , GE Vernova , and Balfour Beatty , supported by Shell in the UK are forming the Carbon Capture Alliance (CCA).
  • It’s a significant milestone in delivering the critical infrastructure needed to transition the UK to Net Zero.

Torc Robotics Names Richard Kannan as New Chief Financial Officer

Retrieved on: 
Thursday, March 14, 2024
General Electric, Forecasting, CFO, Business administration, Genworth Financial, Robotics, University, Torc Robotics, Management

BLACKSBURG, Va, March 14, 2024 (GLOBE NEWSWIRE) -- Torc Robotics , an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, today announced the appointment of Richard Kannan as the organization’s new Chief Financial Officer.

Key Points: 
  • BLACKSBURG, Va, March 14, 2024 (GLOBE NEWSWIRE) -- Torc Robotics , an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, today announced the appointment of Richard Kannan as the organization’s new Chief Financial Officer.
  • In his role, Kannan will manage all financial operations and lead the development of Torc’s overall financial strategy as it moves to bring its autonomous trucking technology to market.
  • “Richard has proven himself to be an invaluable asset to Torc during his time as interim CFO, and I am thrilled to welcome him as a permanent member of our executive team,” said Peter Vaughan Schmidt, Torc Robotics’ CEO.
  • “Being able to contribute to Torc’s vision of transforming the trucking industry with autonomous technology is an incredible opportunity, and one that I look forward to taking on as Chief Financial Officer," said Kannan.

Intrommune Therapeutics Strengthens Board of Directors with Appointments of Dr. Jonathan Rich and Hem Pandya

Retrieved on: 
Tuesday, March 12, 2024
Food, General Electric, IGI, Organization, OMEGA, Business, Executive, Cornell University, Boy, Sale, Rutgers University, Clinical trial, Therapy, DRL, Fortune 500

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Intrommune Therapeutics , Inc., a clinical-stage biotechnology company committed to developing a patient-friendly treatment platform for people with peanut and other food allergies, today announced the appointment of Dr. Jonathan Rich to its board of directors and Hem Pandya as Executive Chairman of the board of directors.

Key Points: 
  • NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Intrommune Therapeutics , Inc., a clinical-stage biotechnology company committed to developing a patient-friendly treatment platform for people with peanut and other food allergies, today announced the appointment of Dr. Jonathan Rich to its board of directors and Hem Pandya as Executive Chairman of the board of directors.
  • “We are delighted to welcome Hem Pandya as the Executive Chairperson of Intrommune’s Board of Directors and Dr. Jon Rich as a board member,” said Michael Nelson, CEO, Intrommune Therapeutics.
  • I look forward to supporting the development of Intrommune’s demonstrated safe and convenient food allergy therapies,” said Hem Pandya.
  • Along with serving as Executive Chairman for Intrommune, Mr. Pandya currently serves on the Board of Directors for Exchange Health, LLC, Senores Pharmaceuticals and on the Board of Advisors for Anodyne Nanotech, Inc.

Onapsis Appoints Tim McKnight to Board of Directors

Retrieved on: 
Thursday, April 4, 2024
Software, Internet, Data Management, Professional Services, Technology, Apps, Applications, Security, Business, Cloud, CIO, General Electric, Google Cloud, Organization, Thomson Reuters, AVG Technologies, Schlumberger, EVP, Northrop Grumman, Information, ERP, CISO, Research, SAP, Cisco, State bureau of investigation, J. R. Smith, Amazon Web Services, Fidelity Investments, Trellix, Grumman, Investment, Privacy, BAE Systems, Management

Onapsis , the market leader in business application security and compliance, today announced the appointment of Tim McKnight as an independent board director.

Key Points: 
  • Onapsis , the market leader in business application security and compliance, today announced the appointment of Tim McKnight as an independent board director.
  • Tim McKnight currently serves as an Operating Partner at SYN Ventures, leading the dedicated cyber seed fund focused on transformational and disruptive solutions.
  • McKnight is also a member of the Board of Security Advisors for Google Cloud and Amazon Web Services.
  • The Onapsis Platform is powered by the Onapsis Research Labs, the team responsible for the discovery and mitigation of more than 1,000 zero-day vulnerabilities in business applications.

GE Aerospace Launches as Independent, Investment-Grade Public Company Following Completion of GE Vernova Spin-Off

Retrieved on: 
Tuesday, April 2, 2024
Air, Transport, Aerospace, Manufacturing, GE Aviation, Tony Emmott, Forward, Culture, Appendix, Growth, Learning, Risk, UBS, DLA, FLIGHT, Bank statement, Morgan Stanley, Piper, BNP Paribas, GE HealthCare, Gibson Dunn, Annual report, GAAP, DLA Piper, PJT Partners, General Electric, Economics

GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off.

Key Points: 
  • GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off.
  • GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”.
  • ET, GE Aerospace and GE Vernova will ring the opening bell together at the NYSE.
  • GE Aerospace Chairman and CEO H. Lawrence Culp Jr., said, “With the successful launch of three independent, public companies now complete – today marks a historic final step in the multi-year transformation of GE.

GE Vernova Completes Spin-Off and Begins Trading on the New York Stock Exchange

Retrieved on: 
Tuesday, April 2, 2024
Alternative Energy, Energy, Utilities, GE Aviation, Electricity, Health, Research, History, Electrification, Quality of life, Bank statement, Safety, GAAP, Depreciation, General Electric, Renewable energy

GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today.

Key Points: 
  • GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today.
  • In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 AM ET.
  • “Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO of GE Vernova.
  • The spin-off of GE Vernova was achieved by GE’s distribution of all shares of the common stock of GE Vernova Inc. Each holder of record of GE common stock received one share of GE Vernova Inc. common stock for every four shares of GE common stock held on March 19, 2024.