Welding

LCN Capital Partners Purchases Lincoln Educational Services Corporation's New School Campus in the Philadelphia Metropolitan Area

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- LCN Capital Partners ("LCN"), a recognized leader in the primary sale-leaseback and build-to-suit market, has reached an agreement with Lincoln Educational Services Corporation ("Lincoln Tech") to purchase Lincoln Tech's Levittown, PA campus.

Key Points: 
  • NEW YORK, Feb. 13, 2024 /PRNewswire/ -- LCN Capital Partners ("LCN"), a recognized leader in the primary sale-leaseback and build-to-suit market, has reached an agreement with Lincoln Educational Services Corporation ("Lincoln Tech") to purchase Lincoln Tech's Levittown, PA campus.
  • Simultaneously, LCN leased the property back to Lincoln under a 20-year absolute triple-net lease.
  • It will replace Lincoln Tech's existing campus in Philadelphia and expand the school's areas of study to include HVAC, welding, electrical, and automotive technology.
  • Jared Ciejek, Partner at LCN, said: "We are pleased to partner once again with Lincoln Tech as it expands its Philadelphia presence by relocating to a larger and more modern suburban campus.

IPG Photonics Announces Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024

MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • "Fourth quarter revenue came in at the top of our expectations with higher sales in welding, cleaning, 3D printing and medical applications.
  • "In 2023, we focused on diversifying and growing our revenue outside of flat sheet cutting and away from China.
  • Fourth quarter revenue of $299 million decreased 10% year over year.
  • During the fourth quarter, IPG generated $106 million in cash from operations, and spent $25 million on capital expenditures and $64 million on share repurchases.

Global Welding Guns and Torches Market Outlook & Forecasts 2023-2028 Featuring Key Vendors - ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 7, 2024

Major players in the worldwide welding guns and torches market are ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect, which act as dominant forces in the industry.

Key Points: 
  • Major players in the worldwide welding guns and torches market are ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect, which act as dominant forces in the industry.
  • The Asia Pacific region dominated the global welding guns and torches market share in 2022, responsible for over 37% of the total revenue.
  • Advanced welding processes are a significant phenomenon driving the growth of the welding guns and torches market.
  • The global welding guns and torches market is highly diverse and segmented, with various types of equipment tailored to different welding processes.

LIS Technologies Inc. Welcomes Expert Talent to help Propel the Rebirth of the CRISLA Laser Enrichment Technology

Retrieved on: 
Wednesday, February 7, 2024

Kevin Duenow will take on the role of Senior Systems Engineer and Adam Duenow joins as a Laboratory Technician.

Key Points: 
  • Kevin Duenow will take on the role of Senior Systems Engineer and Adam Duenow joins as a Laboratory Technician.
  • These appointments are important to the Company's strategic initiative to reinvigorate CRISLA technologies with a clear and defined focus.
  • In the early 90’s he worked as a Laser and Electronics Engineer on the AVLIS laser enrichment program at LLNL.
  • This proprietary laser-based technique offers greater energy-efficiency and has the potential to be deployed with highly competitive capital and operational costs.

Ghana: Kumasi city’s unplanned boom is destroying two rivers – sewage, heavy metals and chemical pollution detected

Retrieved on: 
Wednesday, February 7, 2024

Kumasi, Ghana’s second largest city, has a high level of encroachment and this has led to the pollution of water bodies.

Key Points: 
  • Kumasi, Ghana’s second largest city, has a high level of encroachment and this has led to the pollution of water bodies.
  • As scholars of urban planning and chemistry, we conducted a study in the greater Kumasi metropolis to understand the extent of encroachment and pollution of two rivers, Subin and Wiwi.
  • We also wanted to know more about the extent of water pollution, land-use dynamics and water resources regulations, and how they influence the quality of water resources.
  • We recommend that the city authorities monitor what is happening better and do more to prevent degradation of Kumasi’s water bodies.

Effects of land use on the quality of water bodies

  • Also, the intense pressure of urbanisation on the available land has resulted in a high level of encroachment in wetlands.
  • As a result of limited investment in sewage plants, most of the city’s untreated waste water is discharged into the surface water bodies.
  • This has implications for the quality and sustainability of these water bodies.
  • During heavy rains, the refuse runs off into the water, affecting water quality and flow.
  • The industrial activities along the water bodies include washing bays, auto-mechanical activities, welding and wood processing.

Time for Kumasi to wake up

  • Urban growth can coexist with natural resources if human activities located near water bodies don’t threaten their quality and continued existence.
  • Our study shows that Kumasi has developed with little regard for its natural assets.
  • City authorities ought to put in place measures to clean the water bodies and convert buffer areas into parks and green spaces.
  • Ecologically sensitive areas that are 100 feet away from wetlands should be compulsorily acquired as natural assets for the public interest.


The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

DCS Promotes Mike Smith to Executive Vice President and Sector Manager

Retrieved on: 
Tuesday, February 6, 2024

ALEXANDRIA, Va., Feb. 6, 2024 /PRNewswire/ -- DCS Corporation is pleased to announce the appointment of Mike Smith as Executive Vice President and Sector Manager of the Army and Marine Corps Sector.

Key Points: 
  • ALEXANDRIA, Va., Feb. 6, 2024 /PRNewswire/ -- DCS Corporation is pleased to announce the appointment of Mike Smith as Executive Vice President and Sector Manager of the Army and Marine Corps Sector.
  • "Mike brings a balance of defense industry knowledge and agile decision-making," commented Jim Benbow, DCS CEO.
  • "I am confident DCS will benefit from the depth and breadth of his technical and operational experience as we drive performance and deliver value for our customers."
  • in Electrical Engineering from Central New England College and holds a Master of Business Administration degree from Nichols College.

Robotics market set to grow by USD 22.27 billion from 2022-2027; The government initiatives in Europe to be a major trend - Technavio

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- The global robotics market size is estimated to grow by USD 22.27 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- The global robotics market size is estimated to grow by USD 22.27 billion from 2022 to 2027, according to Technavio.
  • Government initiatives in Europe, particularly through programs like Horizon 2020, are set to propel the global robotics market growth.
  • The warehouse Robotics Market is projected to grow by USD 4.1 billion with a CAGR of 13.31% during the forecast period 2021 to 2026.
  • The aerospace robotics market size is estimated to grow at a CAGR of 9.2% between 2023 and 2027.

RS Adds Three New Industrial Suppliers

Retrieved on: 
Monday, February 5, 2024

FORT WORTH, Texas, Feb. 5, 2024 /PRNewswire/ -- RS, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, recently added three new suppliers to its line card. The three new suppliers — Brennan, Fairview Microwave, and MENNEKES — provide RS customers with an even broader selection of electrical, electronic, and mechanical solutions engineered to deliver outstanding performance and value in applications extending throughout every segment of the industrial market.

Key Points: 
  • The three new suppliers — Brennan, Fairview Microwave, and MENNEKES — provide RS customers with access to even more electrical, electronic, and mechanical products proven to deliver outstanding performance and value in virtually every segment of the industrial market.
  • FORT WORTH, Texas, Feb. 5, 2024 /PRNewswire/ -- RS , a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions for industrial customers, recently added three new suppliers to its line card.
  • The three new suppliers — Brennan , Fairview Microwave , and MENNEKES — provide RS customers with an even broader selection of electrical, electronic, and mechanical solutions engineered to deliver outstanding performance and value in applications extending throughout every segment of the industrial market.
  • RS adds new products engineered to deliver outstanding performance and value in every segment of the industrial market.

Coherent Introduces ExactWeld 410 Laser Welding System for Medical Device Manufacturing

Retrieved on: 
Thursday, February 1, 2024

PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for precision manufacturing, today introduced the ExactWeld 410 laser welding system for medical device manufacturing.

Key Points: 
  • PITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for precision manufacturing, today introduced the ExactWeld 410 laser welding system for medical device manufacturing.
  • Medical devices are increasingly relied on to improve patient quality of life and longevity, driving the rapidly growing demand for high-quality and high-reliability precision welding in medical device manufacturing.
  • The ExactWeld 410 from Coherent is a new system that excels at the most demanding requirements for precision welding of medical devices.
  • Besides precision welding, Coherent offers the medical manufacturing industry a full range of laser systems for cutting and marking with its StarCut Tube , ExactCut , and ExactMark systems.

Exco Technologies Limited Announces Results for First Quarter Ended December 31, 2023

Retrieved on: 
Wednesday, January 31, 2024

Consolidated sales for the first quarter ended December 31, 2023 were $156.7 million compared to $139.1 million in the same quarter last year – an increase of $17.6 million, or 13%.

Key Points: 
  • Consolidated sales for the first quarter ended December 31, 2023 were $156.7 million compared to $139.1 million in the same quarter last year – an increase of $17.6 million, or 13%.
  • Adjusting for the strike impact, sales were up at all four of the segment’s locations compared to the prior year quarter.
  • The effective income tax rate was 23.6% in the current quarter compared 22.7% in the same quarter last year.
  • Non-cash working capital consumed $3.6 million of cash in the quarter compared to $3.4 million in the same quarter last year.