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EV Projects Lead Kentucky to $13.75 Billion in Industrial Manufacturing Projects, an Industrial Info News Alert

Retrieved on: 
Wednesday, February 14, 2024
EV, Electric Vehicles, Off-Road Trucks & SUVs, Batteries, Technology, Automotive, State, Local, Other Transport, Trucking, Air, Transport, Automotive Manufacturing, Public Policy, Government, Manufacturing, Navigator, Lincoln, Database, USD, Research, United Parcel Service, News, SUV, GMI, Ford Motor Company, Louisville International Airport, Super Duty, Expedition, Kenworth, Ford, UPS, SK Innovation, IIR, Renewable energy

Researched by Industrial Info Resources-- Toyota Motor Corporation ( NYSE:TM ) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects.

Key Points: 
  • Researched by Industrial Info Resources-- Toyota Motor Corporation ( NYSE:TM ) (Toyota City, Japan) last week announced it plans to invest an additional $1.3 billion to further electric vehicle (EV) production at its plant in Kentucky, where Industrial Info is tracking $13.75 billion worth of active and planned Industrial Manufacturing projects.
  • Toyota did not announce a planned kickoff or completion date for the project, but Industrial Info is tracking a tentative kickoff date of January 2025.
  • Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here to read a detailed project report.
  • The highest-valued non-automotive Industrial Manufacturing project in Kentucky is the construction of clean-energy storage company EnerVenue 's (Fremont, California) new 1 million-square-foot gigafactory in Shelbyville.

HealthTrackRx Awarded One Southern Indiana Economic Development Impact Project of the Year Award

Retrieved on: 
Wednesday, August 16, 2023
UPS, Infection, Louisville International Airport, Town, Economic development, Patient, PCR, Commerce, Drug

DENTON, Texas, Aug. 16, 2023 /PRNewswire/ -- HealthTrackRx, the nation's premier molecular diagnostic testing laboratory, today announced that it has been presented with the One Southern Indiana (1si) "Economic Development Impact Project of the Year" award. 1si is the economic development organization and chamber of commerce serving Clark and Floyd counties.

Key Points: 
  • 1si is the economic development organization and chamber of commerce serving Clark and Floyd counties.
  • To be considered for the "Economic Development Impact Project of the Year" award, an economic project must have been announced between July 2022 and June 2023.
  • "HealthTrackRx is a perfect match for the Town of Clarksville and Southern Indiana.
  • They have an incredible business model leveraged by our region's logistical advantage," says John Launius, Vice President and Director of Economic Development of One Southern Indiana (1si).

Registration Now Open for ASCM CONNECT 2023: North America

Retrieved on: 
Tuesday, June 6, 2023
Other Education, Other Transport, Supply Chain Management, Logistics, Education, Transport, Retail, Training, CONNECT, Manna, CAE, United Nations, ASCM, Overhaul, Organization, Louisville International Airport, Copper, CPA, Association for Supply Chain Management, Kentucky International Convention Center, Singularity Group, CSCP, Video game

The Association for Supply Chain Management (ASCM), the global leader in supply chain education, transformation, innovation and leadership, today announced that registration is now open for its annual conference, ASCM CONNECT 2023: North America.

Key Points: 
  • The Association for Supply Chain Management (ASCM), the global leader in supply chain education, transformation, innovation and leadership, today announced that registration is now open for its annual conference, ASCM CONNECT 2023: North America.
  • This year’s event will be held at the Kentucky International Convention Center in Louisville, Kentucky September 11 – 13, 2023.
  • Supply chains and how they are linked to global events are top of mind for anyone in business today,” said ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE.
  • To learn more and register for ASCM CONNECT 2023: North America, visit https://connect.ascm.org/

Metropolitan College partnership between UPS, higher education celebrates a quarter-century of success

Retrieved on: 
Tuesday, June 6, 2023
Metro, Partnership, University, College, Government of Louisville, Kentucky, Education, Institute of technology, Boston University Metropolitan College, Worldport, Jefferson Community and Technical College, Government, Human back, Accounting, Interface (computing), Louisville International Airport, Student, Dream, Metro FC (New Zealand), University of Louisville, Chills, UofL, Family, Tutoring, Nursing, Virginias, JCTC, UPS

LOUISVILLE, Ky., June 6, 2023 /PRNewswire-PRWeb/ -- Back in the late 1990s, UPS's Louisville air hub, known today as Worldport, was wrestling with a significant problem. Needing employees round-the-clock, the company was finding it difficult to retain workers for its overnight shifts. As it planned a much-needed expansion, the company knew the problem would only grow.

Key Points: 
  • Metropolitan College – a unique public-private partnership that dramatically increased retention among workers during the wee hours each night.
  • The program also provided more than 22,000 students over the past 25 years the opportunity to earn a college degree 100% debt-free.
  • The program launched in the fall semester of 1998 as a partnership among UofL, JCTC, UPS, Louisville Metro Government and the commonwealth of Kentucky.
  • "In addition to paying for college, Metro College provides a student with a livelihood while they are in college," said Ty Handy, JCTC president.

COMPETITIVE SOCIAL VENTURES GROWS THE PICKLE AND SOCIAL BRAND TO A MAJOR MARKET

Retrieved on: 
Wednesday, May 31, 2023
Basketball, Drawing, Partnership, Food, St. James Court Art Show, Kentucky Derby, Louisville International Airport, Hockey, Kentucky Bourbon Trail, Exchange, Golf, Marketing, American Cornhole League, CSV, City, Social, SVP, Football, Family, Social Venture Network, Bohnert, Tourism, Interior design, Nightclub, Pickle

Atlanta, GA, May 31, 2023 (GLOBE NEWSWIRE) -- Competitive Social Ventures (“CSV”) is proud to announce another location in the expansion of the Pickle and Social brand – Louisville, KY.  Pickle and Social Louisville will be CSV’s fourth Pickle and Social location announced, nationwide.

Key Points: 
  • Atlanta, GA, May 31, 2023 (GLOBE NEWSWIRE) -- Competitive Social Ventures (“CSV”) is proud to announce another location in the expansion of the Pickle and Social brand – Louisville, KY.  Pickle and Social Louisville will be CSV’s fourth Pickle and Social location announced, nationwide.
  • Pickle and Social Louisville is made possible by the Kentucky Tourism Cabinet’s commitment to local growth and development.
  • Pickle and Social Louisville will sit on approximately four acres and is projected to open in Fall 2024.
  • CSV will soon be announcing the expansion of the Pickle and Social brand in more major cities.

Court Approves SyBridge Technologies’ Acquisition of Fast Radius Assets

Retrieved on: 
Tuesday, December 13, 2022
Cloud, Lincoln International, Bankruptcy, United States bankruptcy court, Chapter 11, Title 11, United States Code, Title 11 of the United States Code, Security (finance), Vii, Sale, Fast Radius, Alvarez and Marsal, Form 10-K, Louisville International Airport, Investment, Debtor, Stretto, Uncertainty, UPS, Risk management

CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that the United States Bankruptcy Court of the District of Delaware has approved the sale of a majority of the Company’s assets to SyBridge Technologies.

Key Points: 
  • CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that the United States Bankruptcy Court of the District of Delaware has approved the sale of a majority of the Company’s assets to SyBridge Technologies.
  • Fast Radius, Inc. is a cloud manufacturing and digital supply chain company.
  • The Fast Radius Cloud Manufacturing Platform™ provides software applications and manufacturing solutions that help engineers design, make, and fulfill commercial-grade parts, when and where they are needed.
  • Founded in 2017, Fast Radius, Inc. is headquartered in Chicago with offices in Atlanta, Louisville, and Singapore, and microfactories in Chicago and at the UPS Worldport facility in Louisville, KY. To learn more about Fast Radius and how its digital manufacturing capabilities are helping companies, please visit Fast Radius .

Fast Radius Announces Acquisition by SyBridge Technologies, Pending Court Approval

Retrieved on: 
Friday, December 9, 2022
Cloud, Lincoln International, Bankruptcy, United States bankruptcy court, Chapter 11, Title 11, United States Code, Title 11 of the United States Code, Security (finance), Vii, Sale, Fast Radius, Court, Alvarez and Marsal, Form 10-K, Louisville International Airport, Investment, Debtor, Stretto, Uncertainty, UPS, Risk management, Purchasing, Fast

CHICAGO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that, following a comprehensive sale process and competitive auction conducted under Section 363 of the U.S. Bankruptcy code, SyBridge Technologies will acquire Fast Radius’ assets.

Key Points: 
  • CHICAGO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that, following a comprehensive sale process and competitive auction conducted under Section 363 of the U.S. Bankruptcy code, SyBridge Technologies will acquire Fast Radius’ assets.
  • Under SyBridge, Fast Radius will build its digital manufacturing and software business and will go to market under the Fast Radius brand name.
  • The transaction is subject to approval by the United States Bankruptcy Court for the District of Delaware (the “Court”) and certain other customary closing conditions.
  • A hearing to seek Court approval is scheduled for December 12, 2022, with the transaction expected to close before the end of 2022.

Fast Radius Establishes Timeline for Chapter 11 Sale Process

Retrieved on: 
Tuesday, November 15, 2022
Cloud, Marketing, United States bankruptcy court, Louisville International Airport, Chapter 11, Title 11, United States Code, Lincoln International, UPS, Investment, Fast Radius, Security (finance), Interest, Vii, Sale, Alvarez and Marsal, Bankruptcy, Entrepreneurship, Uncertainty, Stretto, Form 10-K, Auction, Risk management

This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our customers without interruption, said Lou Rassey, Co-Founder and CEO of Fast Radius.

Key Points: 
  • This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our customers without interruption, said Lou Rassey, Co-Founder and CEO of Fast Radius.
  • Founded in 2017, Fast Radius, Inc. is headquartered in Chicago with offices in Atlanta, Louisville, and Singapore, and microfactories in Chicago and at the UPS Worldport facility in Louisville, KY. To learn more about Fast Radius and how its digital manufacturing capabilities are helping companies, please visit Fast Radius .
  • Additionally, the Chapter 11 proceedings may result in holders of the Companys securities receiving no value for their interests.
  • Fast Radius does not give any assurance that it will achieve its expectations.

Fast Radius Receives Court Approval of First Day Motions to Support Business Operations

Retrieved on: 
Thursday, November 10, 2022
Cloud, GLOBE, Vii, Stretto, Forward-looking statement, Hearing, Investment, Fast Radius, Chapter 11, Title 11, United States Code, U.S. Securities and Exchange Commission, Nasdaq, Louisville International Airport, Sale, United States bankruptcy court, Interest, District, Solution, Alvarez and Marsal, Uncertainty, UPS, Bankruptcy, Lincoln International, Company, Form 10-K, Entrepreneurship, CEO, Security (finance), Risk management

The ruling enables Fast Radius to continue operations in the normal course including:

Key Points: 
  • The ruling enables Fast Radius to continue operations in the normal course including:
    Maintaining employee payroll and health benefits,
    Paying vendors for all post-petition goods and services,
    Other programs that are essential to continuing the business without disruptions.
  • We are pleased to have received approval of the first-day motions.
  • This allows us to continue providing our Cloud Manufacturing Platform to our customers without interruption, while maintaining our relationships with our vendors and business partners, said Lou Rassey, Co-Founder and CEO of Fast Radius.
  • Fast Radius does not give any assurance that it will achieve its expectations.

Fast Radius Commences Chapter 11 to Complete its Marketing and Sale Process

Retrieved on: 
Tuesday, November 8, 2022
Cloud, GLOBE, Vii, Stretto, Cloud computing, Forward-looking statement, Marketing, Investment, Fast Radius, Pink sheet, Chapter 11, Title 11, United States Code, U.S. Securities and Exchange Commission, OTC Bulletin Board, Nasdaq, Bankruptcy, Louisville International Airport, Sale, Hand, Our Boarding House, Board, Interest, Psyche rassei, District, Solution, Alvarez and Marsal, Uncertainty, UPS, Lincoln International, Company, Form 10-K, Radius, Entrepreneurship, Bankruptcy Code, CEO, Security (finance), United States bankruptcy court, Video game console, Risk management

The Company has requested that the court establish certain sale and marketing procedures, which include a proposed bid deadline of December 5, 2022.

Key Points: 
  • The Company has requested that the court establish certain sale and marketing procedures, which include a proposed bid deadline of December 5, 2022.
  • We have served over 2,000 manufacturing customers and 23,000 software users since 2020, said Lou Rassey, CEO and Co-Founder of Fast Radius.
  • Every year since our founding, Fast Radius has grown our revenue, expanded our customer base, and extended our service offerings.
  • Additionally, the Chapter 11 proceedings may result in holders of the Companys securities receiving no value for their interests.