Steel

Optomec Announces 60% Growth in Additive Electronics and Metal System Orders

Retrieved on: 
Thursday, January 20, 2022 - 5:02pm

Optomec Inc., a profitable supplier of solutions for 3D Printed Electronics and 3D Printed Metal, today announced a sharp increase in bookings during fiscal year 2021, including nearly 60% growth in new orders for its proprietary Aerosol Jet and LENS industrial printers.

Key Points: 
  • Optomec Inc., a profitable supplier of solutions for 3D Printed Electronics and 3D Printed Metal, today announced a sharp increase in bookings during fiscal year 2021, including nearly 60% growth in new orders for its proprietary Aerosol Jet and LENS industrial printers.
  • Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems.
  • Optomec has delivered more than 500 of its proprietary Additive Manufacturing systems to more than 200 marquee customers around the world, for production applications in the electronics, energy, life sciences and aerospace industries.
  • LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005786/en/

OFFSITEK partners with Charlotte-area municipalities to deliver affordable housing using robots and steel

Retrieved on: 
Thursday, January 20, 2022 - 2:00pm

CHARLOTTE, N.C., Jan. 20, 2022 /PRNewswire/ -- OFFSITEK, a Charlotte-based integrated construction company, is using robots, steel and creative partnerships with local municipalities to give first-time homebuyers options that work within their budgets, are high quality and are better for the environment.

Key Points: 
  • CHARLOTTE, N.C., Jan. 20, 2022 /PRNewswire/ -- OFFSITEK, a Charlotte-based integrated construction company, is using robots, steel and creative partnerships with local municipalities to give first-time homebuyers options that work within their budgets, are high quality and are better for the environment.
  • "The city understands the need for affordable housing in Hickory.
  • "We are very excited to provide brand new, affordable quality homes to the residents of Charlotte," said Rick Admani Abulhaj, managing director of OFFSITEK.
  • The benefits of manufacturing a project offsite include significant improvement in productivity, efficiency and the quality of the construction process."

Frete.com Develops Revolutionary Technology, Advancing the Road Freight Industry in Latin America

Retrieved on: 
Thursday, January 20, 2022 - 2:00pm

Federico Vega, founder of frete.com, recognized the need for advancement in Latin America's freight market, with immediate attention pulling towards safety, distribution effectiveness, and extreme bureaucracy.

Key Points: 
  • Federico Vega, founder of frete.com, recognized the need for advancement in Latin America's freight market, with immediate attention pulling towards safety, distribution effectiveness, and extreme bureaucracy.
  • While freight robberies declined by 23% in 2021, financial impacts are still seen at almost 200 million USD for both cargo shippers and carriers, in Latin America's largest country.
  • With these considerable statistics, a team of entrusted software engineers from frete.com helped to materialize a revolutionary technology, pioneering advancements within the industry.
  • We can expect to see continued development in South America's road freight industry as companies recognize these innovations implemented through the use of these technologies developed by frete.com.

Protolabs Sets Conference Call to Discuss Fourth Quarter and Full Year 2021 Financial Results

Retrieved on: 
Thursday, January 20, 2022 - 2:00pm

Protolabs (NYSE: PRLB) announced today that it will issue its financial results for the Fourth Quarter and Full Year 2021 before the opening of the market on Friday, February 11, 2022.

Key Points: 
  • Protolabs (NYSE: PRLB) announced today that it will issue its financial results for the Fourth Quarter and Full Year 2021 before the opening of the market on Friday, February 11, 2022.
  • Protolabs will host a call to discuss the results at 8:30 a.m. EST on the same day.
  • A simultaneous webcast of the call will be available via the investor relations section of the Protolabs website at https://edge.media-server.com/mmc/p/cgi7nsd7 .
  • An audio replay will be available on the investor relations section of the Protolabs website beginning approximately two hours following the end of the conference call.

EIP Launches New Fund to Scale the Boldest Ideas in Climate Tech

Retrieved on: 
Thursday, January 20, 2022 - 11:02am

With a target of $350 million, the fund has already received commitments for more than $200 million from both new and existing EIP investors.

Key Points: 
  • With a target of $350 million, the fund has already received commitments for more than $200 million from both new and existing EIP investors.
  • We are looking for audacious entrepreneurs taking big swings at big problems in climate tech, said Shayle Kann, Partner in the EIP Frontier Fund.
  • The Frontier Fund has already made numerous investments into pioneers focused on decarbonizing everything from power generation to fertilizer production.
  • Mateo Jaramillo, CEO and Co-founder of Form Energy, said, EIP is a known leader in the climate tech investment space.

Insteel Industries Reports First Quarter 2022 Results

Retrieved on: 
Thursday, January 20, 2022 - 11:30am

Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its first quarter ended January 1, 2022.

Key Points: 
  • Insteel Industries Inc. (NYSE: IIIN) today announced financial results for its first quarter ended January 1, 2022.
  • For the first quarter of fiscal 2022, Insteel recorded record quarterly revenue of $178.5 million and record first quarter net earnings of $23.1 million, or $1.18 per diluted share, compared to $8.1 million, or $0.42 per diluted share, in the same period a year ago.
  • Operating activities generated $13.6 million of cash during quarter compared to $14.0 million in the prior year quarter.
  • The growth in net earnings substantially offset a $21.4 million increase in net working capital during the quarter.

Enviva Announces MOU With U.S. Customer, Provides Updates to Business and Sales Pipeline, and Accelerates Capacity Expansions

Retrieved on: 
Wednesday, January 19, 2022 - 9:33pm

Under the MOU, the customers refining process will convert Envivas woody biomass into a drop-in replacement for crude oil used for producing aviation fuel.

Key Points: 
  • Under the MOU, the customers refining process will convert Envivas woody biomass into a drop-in replacement for crude oil used for producing aviation fuel.
  • This contracted revenue backlog is complemented by a customer sales pipeline exceeding $40 billion, which includes contracts in various stages of negotiation.
  • Over the next 12 months, we expect to progress negotiations and convert several sales pipeline opportunities into binding contracts, including MOUs.
  • Consistent with prior updates, we expect Envivas previously announced Multi-Plant Expansions to be completed by year-end 2022.

ITT to Release 2021 Fourth Quarter and Full Year Results and 2022 Outlook Wednesday, February 9; Hold Conference Call Thursday, February 10

Retrieved on: 
Wednesday, January 19, 2022 - 9:14pm

January 19, 2022-- ITT Inc. (NYSE: ITT) will release its fourth quarter and full year 2021 financial results as well as its 2022 outlook after the close of The New York Stock Exchange on Wednesday, February 9, 2022.

Key Points: 
  • January 19, 2022-- ITT Inc. (NYSE: ITT) will release its fourth quarter and full year 2021 financial results as well as its 2022 outlook after the close of The New York Stock Exchange on Wednesday, February 9, 2022.
  • The company will hold a conference call on Thursday, February 10 at 8:30 a.m. Eastern Time to discuss the 2021 results and 2022 outlook.
  • To participate on the conference call, please dial +1 (646) 904-5544 approximately ten minutes before the 8:30 a.m. Eastern Time start.
  • ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries.

Liquidmetal Enters into Supply Agreement With Yihao Metal Technology

Retrieved on: 
Wednesday, January 19, 2022 - 6:30pm

Liquidmetal Technologies, Inc. (OTCQB: LQMT), the foremost supplier of applications for zirconium-based bulk metallic glasses (BMGs), has entered into a manufacturing supply agreement with Dongguan Yihao Metal Technology Co., Ltd. (Yihao), the worlds largest manufacturer of BMG products.

Key Points: 
  • Liquidmetal Technologies, Inc. (OTCQB: LQMT), the foremost supplier of applications for zirconium-based bulk metallic glasses (BMGs), has entered into a manufacturing supply agreement with Dongguan Yihao Metal Technology Co., Ltd. (Yihao), the worlds largest manufacturer of BMG products.
  • While Liquidmetal has already been working with Yihao as its contract manufacturer over the years, this supply agreement now solidifies our long-term relationship.
  • We are committed to the vision of bringing Liquidmetal technology to the masses and look forward to a long and prosperous business relationship, said Peter Gao, CEO of Dongguan Yihao Metal Technology Co., Ltd.
    For more information, refer to the Companys 8-K filing with the SEC on January 19, 2022.
  • China-based Dongguan Yihao Metal Technology Co., Ltd. was founded in November 2014 and has developed BMG technology for more than a decade to provide expertise in all aspects of BMG manufacturing.