Caterpillar Inc.

Wabtec Comment on Progress Rail Complaint

Retrieved on: 
Monday, September 11, 2023
Natural Resources, Rail, Maritime, Transport, Mining, Minerals, United States Department of Justice, Caterpillar Inc., GE Transportation, Corporation, Justice, Progress Rail, Progress, Wabtec

Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company:

Key Points: 
  • Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company:
    “We believe that Progress Rail’s recent complaint against Wabtec at its core is an unsupported attack on the merger of Wabtec and GE Transportation, which was completed over four years ago.
  • The merger has provided benefits to the entire industry, as well as Progress Rail itself.
  • Progress Rail actively participated in the U.S. Government’s review of that transaction and benefitted by entering into agreements with Wabtec that transferred Wabtec technology to it as part of the United States Department of Justice and global merger clearance process.
  • We also firmly believe that Progress Rail’s assertions that Wabtec breached agreements or engaged in other illegal conduct are wrong.

FREYR Battery Welcomes SAP to Energy Transition Acceleration Coalition

Retrieved on: 
Tuesday, September 5, 2023
Environment, Technology, Batteries, Sustainability, Alternative Energy, Energy, Software, Partnership, Nidec, Caterpillar Inc., FSE, Glencore, SAP, Recycling, SAP SE, ETAC, Mining, Battery, Siemens, SE, Business, NYSE, TSE, Automation, Mobile phone

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that SAP SE (FSE: SAP; “SAP”), one of the world’s leading producers of software for the management of businesses processes, has joined FREYR’s Energy Transition Acceleration Coalition (“ETAC”).

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that SAP SE (FSE: SAP; “SAP”), one of the world’s leading producers of software for the management of businesses processes, has joined FREYR’s Energy Transition Acceleration Coalition (“ETAC”).
  • “We are delighted to welcome SAP, one of the world’s premier software companies, into the ETAC on behalf of our other partners.
  • “We are honoured to be part of the ETAC and to support FREYR in developing decarbonized solutions through clean batteries.
  • The collective challenge faced by all stakeholders within the battery value chain is the scaling of the battery business.

From Trails to Tasks: Global ATV & UTV Market to 2032, Fueled by Green Shift and High-Octane Demand

Retrieved on: 
Friday, September 1, 2023
Herb Brooks National Hockey Center, Bobcat Company, Agriculture, Kawasaki Heavy Industries Motorcycle & Engine, Segment, ATV, Caterpillar Inc., Yamaha Motor Company, USD, John Deere, Polaris Inc., Side-by-side (vehicle), Bombardier Recreational Products, Growth, UTV, Kubota, Heavy equipment, Rail transport

The global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market is projected to reach a substantial value of USD 22,320.48 million by 2032.

Key Points: 
  • The global All-Terrain Vehicle (ATV) and Utility Task Vehicle (UTV) market is projected to reach a substantial value of USD 22,320.48 million by 2032.
  • These versatile vehicles offer exciting recreational experiences and practical utility, catering to a diverse range of needs and industries.
  • The market report delves into the current dynamics and anticipates future growth trends in this segment.
  • ATVs (All-Terrain Vehicles): ATVs, commonly referred to as quads or four-wheelers, are designed primarily for recreational use, offering thrilling riding experiences.

The Global Data Center Generator Market is Expected to Reach Revenues of $6.46 Billion by 2028

Retrieved on: 
Wednesday, August 23, 2023
EPSS, Tier 4, Data center, COVID-19, Caterpillar Inc., Microsoft, USD, Cloud computing, Traction, Investment, Natural gas, Growth, Cummins, AWS, Generac, Pharmaceutical industry, Renewable energy, Video game

DUBLIN, Aug. 23, 2023 /PRNewswire/ -- The "Data Center Generator Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 23, 2023 /PRNewswire/ -- The "Data Center Generator Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.
  • The global Data Center Generator Market is on the brink of a substantial growth trajectory, with forecasts projecting a remarkable increase from USD 4.98 billion in 2023 to an estimated USD 6.46 billion by 2028.
  • A significant trend prevailing in the Data Center Generator Market is the dominance of diesel generators as the preferred backup power option for data centers.
  • The Data Center Generator Market is characterized by a handful of major players, contributing to a consolidated market landscape.

Novarc Technologies Completes Series A Fundraising Round With Caterpillar Venture Capital

Retrieved on: 
Monday, August 14, 2023
Technology, Construction & Property, Software, Manufacturing, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Robotics, Other Construction & Property, Natural Resources, Artificial Intelligence, Innovation system, Caterpillar Inc., Intelligence, Multimedia, Caterpillar, MIND Technology, Inc., NYSE, Welding, Safety, Automation, EDC

Novarc Technologies Inc., a leading provider of advanced robotics solutions, announced today the company has successfully completed a Series A fundraising round with Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc. ((NYSE: CAT), a global leader in the manufacturing of construction and mining equipment).

Key Points: 
  • Novarc Technologies Inc., a leading provider of advanced robotics solutions, announced today the company has successfully completed a Series A fundraising round with Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc. ((NYSE: CAT), a global leader in the manufacturing of construction and mining equipment).
  • Caterpillar joins Graham Partners, Export Development Canada (EDC) and other syndicate investors, and provides strategic support to Novarc's vision to accelerate the development of a ground-breaking AI-powered robotics platform.
  • (Photo: Business Wire)
    "We are thrilled to welcome Caterpillar as an investor in Novarc.
  • “Together, through this relationship, we look forward to delivering innovative solutions that provide productivity, quality, and safety for our customers across the globe.”

NMG Provides a Quarterly Operational Update: Intense Commercial Engagement to Secure a Robust Foundation for Growth

Retrieved on: 
Friday, August 11, 2023
Mining, Minerals, Alternative Energy, Alternative Vehicles, Fuels, Batteries, General Automotive, Energy, Technology, Automotive, Natural Resources, Environment, Green Technology, Automotive Manufacturing, Manufacturing, Benchmark, International Sustainability Alliance, Graphite, Total Recordable Incident Rate, EV, Memorandum of understanding, Metal, ISO, Culture, Disclosure, Benchmark Mineral Intelligence, FOB, Caterpillar Inc., NMG, Carbon, BBA, Occupational Safety and Health Administration, EVS, Nickel, Engineering, Growth, NOU, ESG, Weather, Commercial, Cobalt, NYSE, Lithium, Management, Fine chemical, Renewable energy

NMG is working to secure long-term sales agreements for its active anode material and set up financial and operational conditions for the successful execution of its commercial plans comprising the Phase-2 Matawinie Mine and Bécancour Battery Material Plant.

Key Points: 
  • NMG is working to secure long-term sales agreements for its active anode material and set up financial and operational conditions for the successful execution of its commercial plans comprising the Phase-2 Matawinie Mine and Bécancour Battery Material Plant.
  • Commercial, financial, and operational building blocks are being aligned to form a solid foundation for the Company’s long-term success.”
    Eric Desaulniers, Founder, President and CEO of NMG, added: “Time to market is vital to the realization of our growth plans.
  • NMG is focused on setting up critical financial and operational conditions for success through long-term agreements and a modular pricing mechanism that reflects the Company’s value-added (e.g.
  • NMG has demonstrated its capacity to reach specifications with positive results on sample testing both at the Company’s laboratory and at a leading third-party facility.

FREYR Battery Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 10, 2023
Packaging, Technology, Manufacturing, Batteries, Alternative Energy, Energy, Online, Participation, Microsoft, McKinsey & Company, ESS, European Economic Area, Second, NYSE, Microsystems Software, Inc. v. Scandinavia Online AB, Automation, Software, EV, Capital market, Nidec, Research, LFP, Heads of terms, ETAC, Siemens, Central European, Caterpillar Inc., Cell, Rystad Energy, Battery, Engineering, Activities of Hillary Clinton subsequent to 2016, MSFT, United States Department of Energy, Partnership, GHG, Glencore, Recycling, IRA, DOE, Public expenditure, Mining, AI, TSE, Management, Renewable energy, Mobile phone, Oil, Fine chemical, Sales, Cryptocurrency, Risk management

FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the second quarter of 2023.

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today reported financial results for the second quarter of 2023.
  • Highlights of the Second Quarter 2023 and Subsequent Events:
    In a separate press release published this morning and available on FREYR’s website, FREYR announced appointments to the Company’s senior management team and Board of Directors in accordance with an established succession plan.
  • FREYR reported a net loss attributable to ordinary shareholders for the second quarter of 2023 of $(25.3) million, or $(0.18) per diluted share compared to net income for the second quarter 2022 of $4.7 million or $0.04 per diluted share.
  • A presentation will be held today, August 10, 2023, at 8:30 am Eastern Daylight Time (2:30 pm Central European Time) to discuss financial results for the second quarter 2023.

Bonnie J. Fetch Elected to Lincoln Electric’s Board of Directors

Retrieved on: 
Friday, July 21, 2023
Caterpillar Inc., Small business, University, Stanford University, National War Finance Committee, Audit committee, University of St. Francis, Lincoln Electric, Science, NYSE, Lincoln, Plasma, LECO, Engineering, CMI, Singularity Group, Cummins, Alloy, Committee on Finance, Management, Caterpillar

CLEVELAND, July 21, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Bonnie J. Fetch, Vice President, Global Supply Chain and Manufacturing, for Cummins Inc. (NYSE: CMI), has been elected to Lincoln Electric's Board of Directors, effective July 20, 2023. She will serve as a member of the Audit Committee and the Finance Committee. Ms. Fetch’s appointment expands Lincoln Electric's Board to 11 directors, 10 of whom are independent.

Key Points: 
  • CLEVELAND, July 21, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced that Bonnie J.
  • Fetch, Vice President, Global Supply Chain and Manufacturing, for Cummins Inc. (NYSE: CMI), has been elected to Lincoln Electric's Board of Directors, effective July 20, 2023.
  • Ms. Fetch’s appointment expands Lincoln Electric's Board to 11 directors, 10 of whom are independent.
  • “We are pleased to welcome Bonnie Fetch to the Board,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer.

Caterpillar Inc. to Announce Second-Quarter 2023 Financial Results on Aug. 1

Retrieved on: 
Tuesday, July 18, 2023
Telephone, Webcast, CDT, PR Newswire, Caterpillar Inc., News, NYSE, ID, Caterpillar

IRVING, Texas, July 18, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release second-quarter 2023 financial results at 5:30 a.m. CDT on Tuesday, Aug. 1.

Key Points: 
  • IRVING, Texas, July 18, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release second-quarter 2023 financial results at 5:30 a.m. CDT on Tuesday, Aug. 1.
  • The release will be available at investors.caterpillar.com/financials/quarterly-results , and the full text of the news release will also be available on PR Newswire at approximately 5:30 a.m. CDT.
  • The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules.
  • A real-time, listen-only teleconference and webcast of the quarterly results call that Caterpillar conducts with securities analysts and institutional investors will begin at 7:30 a.m. CDT on Tuesday, Aug. 1.

Generator Sales Market worth $34.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, June 27, 2023
Hydrogen, City Energy, Maintenance, Advertising, Combustion, Health, K&W, Generac, Rolls-Royce, Toho Gas, EPC, Caterpillar Inc., CCHP, Hotel, EPA, LNG, Investment, Caterpillar, Certification, Commercial, Cummins, MTU, Rolls-Royce Holdings, Video game, Natural gas

Based on end-user industry, the Generator Sales Market has been split into commercial, residential, industrial.

Key Points: 
  • Based on end-user industry, the Generator Sales Market has been split into commercial, residential, industrial.
  • Companies offering generators directly to end users or EPC contractors in different regions are considered under the direct sales segment.
  • North America is expected to be the second largest Generator Sales Market during the forecast period.
  • The new model complements the successful QSK60 series, extending its standby power range from 2500kVA to 2750kVA for 50Hz markets