Plant

CRISPR Technology Takes Center Stage at SXSW 2024 for the First Time

Retrieved on: 
Friday, March 8, 2024

Durham, N.C., March 08, 2024 (GLOBE NEWSWIRE) -- The panel “The First CRISPR Foods Have Arrived” at this year’s SXSW Conference included leading agricultural scientists, researchers, and innovation drivers.

Key Points: 
  • Durham, N.C., March 08, 2024 (GLOBE NEWSWIRE) -- The panel “The First CRISPR Foods Have Arrived” at this year’s SXSW Conference included leading agricultural scientists, researchers, and innovation drivers.
  • “We have steadily seen an increase in consumer interest around using technology for produce innovation.
  • “With effective application of the technology, we can use CRISPR to deliver major societal and climate benefits through improvements in the food and agriculture sector.
  • This is an incredibly exciting time.”
    As CRISPR technology has advanced, it has attracted a new generation of researchers across the world.

Oil-Dri Achieves Record Results for the Second Quarter and Triples its Net Income

Retrieved on: 
Thursday, March 7, 2024

Increased sales of renewable diesel and cat litter products pushed our revenues to record highs for the second quarter.

Key Points: 
  • Increased sales of renewable diesel and cat litter products pushed our revenues to record highs for the second quarter.
  • Our net income more than tripled in the second quarter of fiscal 2024, compared to the prior year.
  • In the second quarter of fiscal 2024, consolidated operating income more than doubled to $15.2 million from $7.3 million in the second quarter of fiscal 2023.
  • The Company set a record for the highest second quarter net income attributable to Oil-Dri of $12.4 million in fiscal 2024, more than triple the prior year’s second quarter bottom line of $3.9 million.

FuelCell Energy Reports First Quarter of Fiscal 2024 Results

Retrieved on: 
Thursday, March 7, 2024

DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ: FCEL) -- a global leader in decarbonizing power and producing hydrogen through our proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its first quarter ended January 31, 2024.

Key Points: 
  • Note: All comparisons between periods are between the first quarter of fiscal 2024 and the first quarter of fiscal 2023, unless otherwise specified.
  • Operating expenses for the first quarter of fiscal 2024 increased to $30.8 million from $27.7 million in the first quarter of fiscal 2023.
  • Net loss was $(44.4) million in the first quarter of fiscal 2024, compared to net loss of $(21.1) million in the first quarter of fiscal 2023.
  • Adjusted EBITDA totaled $(29.1) million in the first quarter of fiscal 2024, compared to Adjusted EBITDA of $(14.4) million in the first quarter of fiscal 2023.

Vestaron Receives EPA Approval for Second Active Ingredient, BASIN® Bioinsecticide

Retrieved on: 
Thursday, March 7, 2024

Durham, North Carolina, March 07, 2024 (GLOBE NEWSWIRE) -- Vestaron Corporation, a leading innovator in sustainable crop protection solutions, proudly announces the Environmental Protection Agency (EPA) approval of its second novel-acting peptide-based insecticide, BASIN®.

Key Points: 
  • Durham, North Carolina, March 07, 2024 (GLOBE NEWSWIRE) -- Vestaron Corporation, a leading innovator in sustainable crop protection solutions, proudly announces the Environmental Protection Agency (EPA) approval of its second novel-acting peptide-based insecticide, BASIN®.
  • Vestaron’s first active ingredient, the award-winning SPEAR® bioinsecticide, was commercialized in 2020; it was the first new “neuromuscular” mode of action (IRAC group 32) since the diamides in 2007.
  • Juan Estupinan, Interim CEO and President of Vestaron, expressed his excitement about this milestone and its implications for the agriculture industry: “We are thrilled to receive EPA approval for our second active ingredient, BASIN.
  • For more information about Vestaron and its innovative portfolio, please visit www.vestaron.com .

Savaria finished FY2023 with its strongest quarter and year ever

Retrieved on: 
Wednesday, March 6, 2024

“2023 was a great year for Savaria and has set the stage for 2024 and beyond.

Key Points: 
  • “2023 was a great year for Savaria and has set the stage for 2024 and beyond.
  • Going back to 1992 when Savaria went public, I was the CEO of a company with sales of $50M.
  • For the fourth quarter, we delivered our best-ever adjusted EBITDA of $35.1M (16.2% of sales), fueled by a stronger gross margin of 34.3% up from 31.2% year-over-year.
  • We added strength to our management team in key areas of the business as part of our Savaria One program.

Plant-based Eggs Market to surpass $679 Mn by 2032, Says Global Market Insights Inc.

Retrieved on: 
Wednesday, March 6, 2024

Plant-based Eggs Market valuation is estimated to cross USD 679.3 million by 2032, as reported in a research study by Global Market Insights Inc.

Key Points: 
  • Plant-based Eggs Market valuation is estimated to cross USD 679.3 million by 2032, as reported in a research study by Global Market Insights Inc.
  • Plant-based eggs offer a versatile and nutritious solution, reflecting the taste and functionality of traditional eggs without animal products.
  • According to a recent survey, the number of vegans in the U.K. grew by 1.1 million between 2023 and 2024.
  • Plant-based eggs market from the algae-based source segment is projected to witness notable demand from 2024-2032.

Trends Shaping Canada’s Restaurant and Foodservice Industry in 2024

Retrieved on: 
Tuesday, March 5, 2024

TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- RC Show 2024 , Canada's leading hospitality and foodservice event, is set to showcase the latest trends and insights shaping the industry.

Key Points: 
  • TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- RC Show 2024 , Canada's leading hospitality and foodservice event, is set to showcase the latest trends and insights shaping the industry.
  • The concept of "eatertainment" is driving innovation in the industry, with restaurants leveraging interactive elements and entertainment to create memorable experiences that generate positive word-of-mouth.
  • This means there is a growing emphasis on transparency in the foodservice industry.
  • You will find more of these trends and solutions all under one roof at RC Show 2024, taking place April 8-10, where the industry will come together, be inspired and learn how to LEVEL UP!

Alimentaria&Hostelco 2024 will have record international participation

Retrieved on: 
Monday, March 4, 2024

BARCELONA, Spain, March 04, 2024 (GLOBE NEWSWIRE) -- The leading international business platform for food, beverages, food service and hospitality equipment will return to Fira de Barcelona's Gran Via exhibition center (Spain) from 18 to 21 March 2024, with a 15% increase in the number of foreign exhibitors compared to the previous edition. Of the 3,200 exhibiting companies, 900 will be international.

Key Points: 
  • Of the 3,200 exhibiting companies, 900 will be international.
  • Alimentaria&Hostelco 2024, which will bring together a high-quality, cross-cutting range of products and services, will beat its record for internationalization.
  • In this edition, business opportunities for the Horeca channel in the international sphere, especially in Europe, will be further boosted.
  • Some 100,000 trade visitors are expected, 25% of them international.

Doman Building Materials Group Ltd. Completes Acquisition of Southeast Forest Products Treated Assets

Retrieved on: 
Friday, March 1, 2024

VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) today announced that a wholly owned subsidiary in the United States doing business as Doman Lumber has acquired two lumber pressure treating plants, related equipment and the business (the “Plants”) formerly owned by Southeast Forest Products Treated, Ltd. in Richmond, Indiana and near Birmingham, Alabama (the “Acquisition”).

Key Points: 
  • VANCOUVER, British Columbia, March 01, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) today announced that a wholly owned subsidiary in the United States doing business as Doman Lumber has acquired two lumber pressure treating plants, related equipment and the business (the “Plants”) formerly owned by Southeast Forest Products Treated, Ltd. in Richmond, Indiana and near Birmingham, Alabama (the “Acquisition”).
  • The Acquisition adds approximately 300 million board feet of annual treating capacity to the Doman Lumber platform.
  • This strategic acquisition exemplifies our strategy of adding scale and volume to our US operations in pressure treated lumber and specialty wood products, headquartered in Dallas,” said Amar Doman, Chairman and CEO of Doman.
  • The Company expects the Acquisition to be accretive to earnings in the current fiscal year and in-line with its vision and overall growth strategy.

Martinrea International Inc. Publishes 2023 Sustainability Report

Retrieved on: 
Friday, March 1, 2024

VAUGHAN, Ontario, March 01, 2024 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX: MRE), a diversified and global automotive supplier engaged in the design, development, and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, announced the release of its 2023 Sustainability Report.

Key Points: 
  • VAUGHAN, Ontario, March 01, 2024 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX: MRE), a diversified and global automotive supplier engaged in the design, development, and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, announced the release of its 2023 Sustainability Report.
  • This report showcases Martinrea’s commitment to Environmental, Social, and Governance (ESG) by featuring sustainability achievements over the past year and our strategy for further improvement.
  • “By utilizing our expertise in product development and lightweighting technologies, we are committed to advancing our sustainability initiatives; helping to decrease global carbon emissions and remain ahead of market changes.”
    “Our sustainability and success also comes down to culture, as emphasized in our 2023 Sustainability Report,” said Rob Wildeboer, Executive Chairman.
  • To view or download Martinrea’s 2023 Sustainability Report, visit: www.martinrea.com/sustainability/