HRC

Team HRC Wins 43rd Suzuka 8 Hours Endurance Race

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Monday, August 8, 2022 - 3:18am

TOKYO, Aug 8, 2022 - (JCN Newswire) - Team HRC (Tetsuta Nagashima / Takumi Takahashi / Iker Lecuona) won the 2022 FIM(1) Endurance World Championship 43rd "Coca Cola" Suzuka 8 Hours Endurance Race (Suzuka 8 Hours) held at the Suzuka Circuit in Mie, on Sunday, August 7.

Key Points: 
  • TOKYO, Aug 8, 2022 - (JCN Newswire) - Team HRC (Tetsuta Nagashima / Takumi Takahashi / Iker Lecuona) won the 2022 FIM(1) Endurance World Championship 43rd "Coca Cola" Suzuka 8 Hours Endurance Race (Suzuka 8 Hours) held at the Suzuka Circuit in Mie, on Sunday, August 7.
  • Team HRC's win marks Honda's 28th Suzuka 8 Hours victory, the first since 2014.
  • Team HRC returned to the Suzuka 8 Hours as Honda's factory team(2) in 2018 after a decade-long absence.
  • This win marks Takumi Takahashi's fourth Suzuka 8 Hours win, and a first for Tetsuta Nagashima and Iker Lecuona.

Algoma Steel Tables Revised Best and Final Offer in Collective Agreement Negotiations with USW Local 2251

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Saturday, August 6, 2022 - 1:19am

MARIE, Ontario, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company has submitted a revised best and final Collective Bargaining Agreement (CBA) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees.

Key Points: 
  • MARIE, Ontario, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company has submitted a revised best and final Collective Bargaining Agreement (CBA) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees.
  • Algoma has again received notice that the 2251 Negotiating Committee has refused the offer and is unwilling to bring the offer to employees for a vote.
  • We accomplished this with USW Local 2724, whose bargaining committee and membership approved largely the same offer we have presented to Local 2251.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Group Reports Fiscal 2023 First Quarter Results

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Wednesday, August 3, 2022 - 10:30pm

SAULT STE. MARIE, Ontario, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal first quarter ended June 30, 2022.

Key Points: 
  • MARIE, Ontario, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal first quarter ended June 30, 2022.
  • Michael Garcia, the Companys Chief Executive Officer, commented, The momentum we established in fiscal 2022 continued with another quarter of strong results in what has been a volatile operational environment.
  • Our results continue to reflect our differentiated execution, along with the hard work and dedication of the entire Algoma team.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

Honda to Extend Power Unit Technical Support Agreement with Red Bull Power Trains to End of 2025

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Wednesday, August 3, 2022 - 1:35am

TOKYO, Aug 3, 2022 - (JCN Newswire) - Following discussions between Red Bull and Honda, it has been agreed by both parties that Honda Racing Corporation (HRC), the Honda subsidiary that runs its racing activities, will continue to provide technical support for Red Bull Powertrains (RBPT) relating to Formula 1 power units from 2023 to the end of 2025.

Key Points: 
  • TOKYO, Aug 3, 2022 - (JCN Newswire) - Following discussions between Red Bull and Honda, it has been agreed by both parties that Honda Racing Corporation (HRC), the Honda subsidiary that runs its racing activities, will continue to provide technical support for Red Bull Powertrains (RBPT) relating to Formula 1 power units from 2023 to the end of 2025.
  • In 2022, HRC has been providing PU-related technical support in line with Red Bull's request to Honda, with both Oracle Red Bull Racing and Scuderia AlphaTauri therefore using the PU from the support program.
  • The extension of the existing agreement for HRC to continue providing technical support from 2023 to 2025 has now been mutually agreed between Red Bull and Honda.
  • We are excited to continue our partnership in F1 until the end of 2025 with the PU supplied by Honda.

Global Deployment of Daigas Group’s Onsite Hydrogen Generation Technology with Hyundai Rotem Company

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Wednesday, August 3, 2022 - 3:00am

Daigas Gas and Power Solution Co., Ltd. (DGPS), a 100% subsidiary of Osaka Gas Co., Ltd. (TOKYO: 9532), has established an expanded business collaboration for onsite hydrogen generator technology with Hyundai Rotem Company (HRC), an affiliate of Hyundai Motor Group, allowing HRC to sell the generators outside South Korea.

Key Points: 
  • Daigas Gas and Power Solution Co., Ltd. (DGPS), a 100% subsidiary of Osaka Gas Co., Ltd. (TOKYO: 9532), has established an expanded business collaboration for onsite hydrogen generator technology with Hyundai Rotem Company (HRC), an affiliate of Hyundai Motor Group, allowing HRC to sell the generators outside South Korea.
  • View the full release here: https://www.businesswire.com/news/home/20220802005489/en/
    Daigas Group (formerly Osaka Gas Group) launched the first model of HYSERVE (*1), onsite hydrogen generator, in 2003 by adopting its accumulated knowledge on catalyst.
  • Then in 2019, DGPS granted HRC to manufacture and sell Hy-Green, hydrogen generator utilizing the technology of HYSERVE-300, enabling HRC to meet the increasing demand for hydrogen fueling stations in South Korea.
  • Onsite hydrogen generator developed and sold by Daigas Group.

Algoma Steel Announces Final Results of Substantial Issuer Bid

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Tuesday, August 2, 2022 - 12:42pm

MARIE, Ontario, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the final results of its substantial issuer bid (the Offer) under which it has purchased for cancellation 41,025,641 of its common shares (Shares) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million.

Key Points: 
  • MARIE, Ontario, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the final results of its substantial issuer bid (the Offer) under which it has purchased for cancellation 41,025,641 of its common shares (Shares) at a purchase price of US$9.75 per Share, for an aggregate purchase price of approximately US$400 million.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on position us firmly as your partner in steel.

Algoma Steel Announces 15 Day Extension

Retrieved on: 
Sunday, July 31, 2022 - 1:39am

MARIE, Ontario, July 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company and the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees, have agreed to a fifteen (15) day extension beyond the July 31, 2022 expiry of the collective agreement for the purpose of continued discussions.

Key Points: 
  • MARIE, Ontario, July 30, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company and the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees, have agreed to a fifteen (15) day extension beyond the July 31, 2022 expiry of the collective agreement for the purpose of continued discussions.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Outlines Best and Final Offer in Collective Agreement Negotiations with USW Local 2251

Retrieved on: 
Saturday, July 30, 2022 - 4:28am

SAULT STE. MARIE, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”) announced today that the Company has submitted its best and final Collective Bargaining Agreement (“CBA”) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (“2251”), the union representing Algoma’s hourly employees.

Key Points: 
  • MARIE, Ontario, July 29, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma or the Company) announced today that the Company has submitted its best and final Collective Bargaining Agreement (CBA) offer to the Negotiating Committee of United Steelworkers Local Union 2251 (2251), the union representing Algomas hourly employees.
  • Algoma has also received notice that the 2251 Negotiating Committee has refused the offer and is unwilling to bring the offer to employee members for a vote.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Our customer focus, growing capability and courage to meet the industrys challenges head-on, position us firmly as your partner in steel.

Algoma Steel Announces Preliminary Results of Substantial Issuer Bid

Retrieved on: 
Thursday, July 28, 2022 - 12:30pm

MARIE, Ontario, July 28, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the preliminary results of its substantial issuer bid (the Offer), which expired at 5:00 p.m. (Eastern Time) on July 27, 2022.

Key Points: 
  • MARIE, Ontario, July 28, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ, TSX: ASTL) (Algoma or the Corporation) today announced the preliminary results of its substantial issuer bid (the Offer), which expired at 5:00 p.m. (Eastern Time) on July 27, 2022.
  • Immediately following completion of the Offer, Algoma anticipates that 105,403,930 Shares will be issued and outstanding.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

PROPELLER.LA LAUNCHES CROWDFUNDING CAMPAIGN & ETHICAL INVESTMENT OPPORTUNITY VIA WEFUNDER

Retrieved on: 
Wednesday, July 27, 2022 - 4:00pm

LOS ANGELES, July 27, 2022 /PRNewswire/ -- Propeller, the game-changing digital platform that brings social activism, charitable efforts and impactful marketing campaigns together in an unprecedented and profitable way, is on track to have a wildly successful 2022. The company, which is set to double its revenue for the third consecutive year, recently launched campaigns in collaboration with high-profile artists including Lizzo, Justin Bieber, Demi Lovato, The National, Bon Iver, Lil Dicky, Kevin Gates, Aly & AJ, Jack Johnson and more; festivals and venues include Bonnaroo, Outside Lands and Red Rocks Amphitheatre; and both non- and for-profit organizations including NRDC, HRC, Planned Parenthood, The Trevor Project and Intrepid Travel.

Key Points: 
  • Lizzo's third annual Juneteenth Giveback raised nearly $125,000 from more than 38,000 participants, while Justin Bieber's Justice campaign generated more than $165,000 for Generosity Foundation and nearly 224,000 actions through Propeller.
  • It is now offering anyone the opportunity to support its continued growth for the first time.
  • With a minimum investment of $250 via fellow public benefit corporation Wefunder the country's first and largest crowdfunding platform everyone from traditional investors to someone making their first impact investment can feel good about where they are aligning their funds.
  • Headquartered in San Francisco with a distributed team across the country, Wefunder has fundamentally changed the regulation crowdfunding space from the regulations to making it accessible to all at scale.