Caterpillar Inc.

Broadwind Sends Letter to Shareholders

Retrieved on: 
Wednesday, April 26, 2023

As the 2023 Annual Meeting of Stockholders approaches on May 23, 2023 (the “2023 Annual Meeting”), we urge you to vote to support Broadwind, Inc.’s (“Broadwind” or the “Company”) directors on the WHITE proxy card.

Key Points: 
  • As the 2023 Annual Meeting of Stockholders approaches on May 23, 2023 (the “2023 Annual Meeting”), we urge you to vote to support Broadwind, Inc.’s (“Broadwind” or the “Company”) directors on the WHITE proxy card.
  • WM Argyle, which claims to be “one of Broadwind's largest shareholders” while only owning approximately 1% of Broadwind’s outstanding common stock, appears to have been formed specifically to disrupt Broadwind.
  • Over the past several years, Broadwind has taken decisive steps to drive long-term value creation for shareholders.
  • WM Argyle claims Broadwind must invest in the creation of intellectual property, an initiative that Broadwind has been undertaking for several years and is already showing results.

Caterpillar and NMG Strengthen their Zero-Exhaust Emission Collaboration Through Definitive Agreements for Sourcing the Matawinie Mine’s Fleet and Infrastructure, Plus an Offtake MoU Targeting NMG’s Battery Materials

Retrieved on: 
Thursday, April 20, 2023

Moreover, NMG and Caterpillar have signed a non-binding memorandum of understanding (“MoU”) to advance commercial discussions targeting NMG’s active anode material.

Key Points: 
  • Moreover, NMG and Caterpillar have signed a non-binding memorandum of understanding (“MoU”) to advance commercial discussions targeting NMG’s active anode material.
  • View the full release here: https://www.businesswire.com/news/home/20230420005408/en/
    Denise Johnson and Eric Desaulniers, surrounded by members of their respective electrification leadership teams.
  • And now, our new commercial relationship for NMG’s battery materials further elevates the impact of our collaboration with Caterpillar and the relevance of NMG’s business strategy.
  • The offtake MoU between NMG and Caterpillar targets NMG’s active anode material to be produced at the Company’s Matawinie Mine and Bécancour Battery Material Plant.

Optimas Appoints Industry Veteran Phil Battaglia as Chief Financial Officer

Retrieved on: 
Tuesday, April 18, 2023

WOOD DALE, IL, Apr 18, 2023 - (ACN Newswire) - Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced today the appointment of Phil Battaglia as Chief Financial Officer.

Key Points: 
  • WOOD DALE, IL, Apr 18, 2023 - (ACN Newswire) - Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced today the appointment of Phil Battaglia as Chief Financial Officer.
  • Battaglia possesses over 25 years of financial management and reporting expertise, most recently leadership experience at Caterpillar Inc.
    Phil Battaglia, CFO of Optimas Solutions.
  • Phil Battaglia comes from Caterpillar to become Optimas Solutions' new CFO.
  • We believe Phil will be essential to strengthening Optimas' solid financial foundation and partner with us to ultimately enhance how we serve our customers."

Patrick Industries, Inc. Announces Departure of Chief Financial Officer; Appoints Interim CFO

Retrieved on: 
Monday, April 17, 2023

Mr. Petkovich, who has served as CFO of Patrick since November 2020, will remain in his current position until that time and provide support to ensure an orderly transition.

Key Points: 
  • Mr. Petkovich, who has served as CFO of Patrick since November 2020, will remain in his current position until that time and provide support to ensure an orderly transition.
  • "The Board of Directors and I want to thank Jake for his tremendous contributions to the Patrick family," said Andy Nemeth, Chief Executive Officer.
  • In alignment with the Company's executive succession plan, the Board of Directors has approved the appointment of Matthew Filer as Interim Chief Financial Officer, effective upon Mr. Petkovich's departure in May 2023.
  • The Company is initiating a formal search process, which includes the assessment of internal and external candidates, for the selection of its permanent Chief Financial Officer.

Caterpillar Inc. to Announce First-Quarter 2023 Financial Results on April 27

Retrieved on: 
Thursday, April 13, 2023

IRVING, Texas, April 13, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release first-quarter 2023 financial results at 5:30 a.m. CDT on Thursday, April 27.

Key Points: 
  • IRVING, Texas, April 13, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release first-quarter 2023 financial results at 5:30 a.m. CDT on Thursday, April 27.
  • 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 Thursday, April 27.

FREYR Battery Targets Strategic Coalition with Four Major Global Partners

Retrieved on: 
Tuesday, March 28, 2023

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that the Company has entered into discussions on a potential strategic coalition with Glencore Plc (LN: GLEN), Caterpillar Inc. (NYSE: CAT), Siemens AG (GY: SIE), and Nidec Corporation (TSE: 6594) to pursue the scale up of sustainable battery solutions across Europe, North America, and beyond.

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that the Company has entered into discussions on a potential strategic coalition with Glencore Plc (LN: GLEN), Caterpillar Inc. (NYSE: CAT), Siemens AG (GY: SIE), and Nidec Corporation (TSE: 6594) to pursue the scale up of sustainable battery solutions across Europe, North America, and beyond.
  • “We are exceedingly pleased to announce the emergence of this new global strategic coalition with four premier global industrial and energy companies,” commented FREYR’s Co-founder and Chief Executive Officer, Tom Einar Jensen.
  • “This announcement represents an important first step for FREYR and our four potential global partners as we launch this commercial initiative.
  • Ultimately, FREYR’s vision for this coalition is to accelerate the energy transition across key sectors by scaling up clean battery production from FREYR’s gigafactories under development, and to incubate and develop innovative technology solutions together.”
    When formally formed, the strategic coalition of partners should facilitate exploration of mutual areas of interest along the battery value chain.

NMG Provides Operational Update and Files 2022 Financial Reports: Progress in Developing what is Planned to Be North America’s Largest Integrated Source of Natural Graphite Materials for the Energy Transition

Retrieved on: 
Friday, March 24, 2023

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Arne H Frandsen, Chair of NMG, declared: “North America and Europe are accelerating the development of their cleantech production capacity.
  • The push towards energy resilience and ESG compliance places NMG’s mining and advanced manufacturing operations in a privileged position.
  • Local, sizeable, carbon-neutral, traceable, ethical, scalable; NMG checks all boxes to become a supplier of choice to leading EV/battery manufacturers.
  • While much has changed in the last decade, there is still a lag in acknowledging minerals and advanced materials as the cornerstones of the energy transition.

Robotic Process Automation Is A Key Technology Being Implemented In The Autonomous Construction Equipment Market - By The Business Research Company

Retrieved on: 
Wednesday, March 22, 2023

LONDON, March 22, 2023 /PRNewswire/ -- As per The Business Research Company's Autonomous Construction Equipment Global Market Report 2023, the global autonomous construction equipment market size will grow from $11.8 billion in 2022 to $14.05 billion in 2023 at a compound annual growth rate (CAGR) of more than 18%. The global autonomous construction equipment market size is then expected to grow to $20.3 billion in 2027 at a CAGR of more than 9%. Going forward, rapid urbanization and a rise in construction activities will drive autonomous construction equipment market growth.

Key Points: 
  • Going forward, rapid urbanization and a rise in construction activities will drive autonomous construction equipment market growth.
  • Companies operating in autonomous construction equipment market are focusing on technology advancement and developing new technology-based products to strengthen their position in the market.
  • Robotic process automation is one of the technologies that autonomous construction equipment companies are adopting to improve efficiencies.
  • According to autonomous construction equipment market analysis , Asia Pacific was the largest region in the autonomous construction equipment market, accounting for 36.8% of the total in 2022.

Robotic Process Automation Is A Key Technology Being Implemented In The Autonomous Construction Equipment Market - By The Business Research Company

Retrieved on: 
Wednesday, March 22, 2023

LONDON, March 22, 2023 /PRNewswire/ -- As per The Business Research Company's Autonomous Construction Equipment Global Market Report 2023, the global autonomous construction equipment market size will grow from $11.8 billion in 2022 to $14.05 billion in 2023 at a compound annual growth rate (CAGR) of more than 18%. The global autonomous construction equipment market size is then expected to grow to $20.3 billion in 2027 at a CAGR of more than 9%. Going forward, rapid urbanization and a rise in construction activities will drive autonomous construction equipment market growth.

Key Points: 
  • Going forward, rapid urbanization and a rise in construction activities will drive autonomous construction equipment market growth.
  • Companies operating in autonomous construction equipment market are focusing on technology advancement and developing new technology-based products to strengthen their position in the market.
  • Robotic process automation is one of the technologies that autonomous construction equipment companies are adopting to improve efficiencies.
  • According to autonomous construction equipment market analysis , Asia Pacific was the largest region in the autonomous construction equipment market, accounting for 36.8% of the total in 2022.

Caterpillar Highlights Services, Technology and Sustainability at 2023 CONEXPO-CON/AGG

Retrieved on: 
Tuesday, March 14, 2023

IRVING, Texas, March 14, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) is showcasing its latest products, services and technologies at this year's CONEXPO-CON/AGG March 14-18 in Las Vegas, Nevada. More than 30 machines, including model unveilings and battery electric machine prototypes, will be on display at the company's largest exhibit to date at the event.

Key Points: 
  • "We'll also demonstrate how we're supporting customers on their sustainability journey through fuel efficiency and alternative power sources."
  • Visitors will see two main equipment demonstrations each day – one focused on the latest Cat technology, and one that will spotlight the company's full equipment lineup.
  • "From services to technology to sustainability, we are excited to demonstrate how we can deliver customer value through an easy to buy, easy to own experience."
  • The Sustainability Hub spotlights components of Caterpillar's total site solution for the energy transition including Caterpillar-designed batteries powering battery electric machines.