Alloy

Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Depreciation, Kaiser, Pacific Ocean, Aluminium, News, Culture, Alloy, ID, Table, Food, Treasury, GAAP, Webcast, Eastern Time Zone, Security (finance), Central Time, EPS, Hand, Bank statement, Cost, Fine chemical

FRANKLIN, Tenn., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced fourth quarter and full year 2023 results.

Key Points: 
  • Conversion revenue for the fourth quarter 2023 was $361 million, reflecting a 2% increase compared to the prior year period.
  • Adjusted net income per diluted share was $0.60 for the fourth quarter 2023, compared to an adjusted net loss per diluted share of $0.35 for the fourth quarter 2022.
  • Adjusted EBITDA of $52 million in the fourth quarter 2023 increased $22 million compared to the prior year period and increased $4 million compared to the third quarter 2023.
  • Kaiser Aluminum Corporation will host a conference call on Thursday, February 22, 2024, at 10:00 am (Eastern Time); 9:00 am (Central Time); 7:00 am (Pacific Time), to discuss its fourth quarter and full year 2023 results.

Lincoln Electric Board Declares Dividend

Retrieved on: 
Tuesday, February 20, 2024
Engineering, Plasma, Alloy, Science, Lincoln Electric, Lincoln, LECO

CLEVELAND, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable April 15, 2024, to shareholders of record as of March 31, 2024.

Key Points: 
  • CLEVELAND, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable April 15, 2024, to shareholders of record as of March 31, 2024.
  • Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys.
  • Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world.
  • For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com .

Alloy for Embedded Finance launches for banks and fintechs to collaboratively manage identity and compliance risk

Retrieved on: 
Thursday, February 29, 2024
Alloy, AML, Risk management, Risk, Ernst & Young, As a service, Fintech, Child, Treasury, Pressure, Bank

NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Alloy, the identity risk management company behind nearly 600 leading banks and fintech companies, today announced Alloy for Embedded Finance, a new product custom-designed for sponsor banks, BaaS providers, and their fintech partners to collaboratively manage identity risk and stay ahead of regulatory requirements.

Key Points: 
  • Powerful new product gives sponsor banks comprehensive oversight and control of their fintech partners' compliance policies, without compromising the fintechs' user experiences
    NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Alloy, the identity risk management company behind nearly 600 leading banks and fintech companies, today announced Alloy for Embedded Finance , a new product custom-designed for sponsor banks, BaaS providers, and their fintech partners to collaboratively manage identity risk and stay ahead of regulatory requirements.
  • Oftentimes, sponsor banks have not had sufficient oversight or control over whether their fintech partners have adhered to the banks' government-mandated compliance requirements.
  • Alloy for Embedded Finance arrives during a period of massive potential for the embedded finance industry: Ernst & Young predicts that the global embedded finance market across the entire value chain will grow to $606B by 2025.
  • Alloy already works with many of the leading sponsor banks, BaaS providers, and fintechs in this space, including Grasshopper, Evolve Bank & Trust, Liberis, Treasury Prime, and Marqeta.

Canada to Boost Supply of Critical Minerals and Strengthen Value Chains With Investment in the Saskatchewan Research Council

Retrieved on: 
Thursday, February 15, 2024
Engineering, Research, Dysprosium, SRC, Investment, Mining, Mineral, Alloy, Terbium, TB, Hydrogen, Natural Resources, Carbon, Wind, Metal, Instrument, REE, Saskatchewan Research Council, Lighting, Knowledge, Laser, Development, Void coefficient, Magnet, Water, Rare earth, Light-emitting diode, Rare-earth element

That is why Canada is seizing this opportunity by making smart investments in critical minerals value chains to support the development and deployment of clean energy and technology.

Key Points: 
  • That is why Canada is seizing this opportunity by making smart investments in critical minerals value chains to support the development and deployment of clean energy and technology.
  • This will help increase the supply of battery metals that are needed for the development of a domestic electric vehicle value chain.
  • Further, once the project is complete, Canada will be able to produce these critical minerals at commercial scale — a Canadian first for rare earth element processing.
  • The Critical Minerals Research Development and Demonstration (CMRDD) program supports the development of Canadian critical minerals value chains.

ETCO Incorporated Introduces Electrical Connectors & Terminals for Industrial Heating System Requirements

Retrieved on: 
Tuesday, February 13, 2024
Original equipment manufacturer, Alloy, Silicon, ETCO, Electrical wiring

BRADENTON, Fla., Feb. 13, 2024 /PRNewswire-PRWeb/ -- ETCO Incorporated has introduced a wide range of electrical connectors and terminals plus silicon insulated boots designed for OEMs in the industrial heating and combustion systems industries.

Key Points: 
  • A wide range of electrical connectors and terminals plus silicon insulated boots designed for OEMs in the industrial heating and combustion systems industries has been introduced by ETCO Incorporated.
  • BRADENTON, Fla., Feb. 13, 2024 /PRNewswire-PRWeb/ -- ETCO Incorporated has introduced a wide range of electrical connectors and terminals plus silicon insulated boots designed for OEMs in the industrial heating and combustion systems industries.
  • ETCO Industrial Heating System connector and terminal products include locking ring terminals, insulated products, spades, disconnects, pins, receptacles, spark plug terminals, silicon insulated boots, and much more.
  • ETCO Industrial Heating System connector and terminal products include locking ring terminals, insulated products, spades, disconnects, pins, receptacles, spark plug terminals, silicon insulated boots, and much more.

Algoma Steel Group Reports Fiscal Third Quarter 2024 Financial Results

Retrieved on: 
Tuesday, February 6, 2024
EDGAR, Nature, EDT, Calendar, Natural gas, Legislation, International, News, Steel, Algoma Steel, Carbon, Adjustment, UAW, Alloy, TSX, Hand, EAF, Coke, Blast furnace, STE, Bank statement, Webcast, Insurance, ASTL, Earnout, Conference

SAULT STE. MARIE, Ontario, Feb. 06, 2024 (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 third quarter ended December 31, 2023.

Key Points: 
  • MARIE, Ontario, Feb. 06, 2024 (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 third quarter ended December 31, 2023.
  • As compared with the prior year quarter, steel revenue was $556.9 million, compared to $512.0 million, and revenue per ton of steel sold was $1,192, compared to $1,239.
  • Net loss in the third quarter was $84.8 million, compared to a loss of $69.8 million in the prior-year quarter.
  • We compensate for these limitations by relying primarily on our IFRS results using such measures only as supplements to such results.

Liberis Partners with Alloy to Accelerate International Expansion and Reduce Friction for Merchants

Retrieved on: 
Tuesday, February 6, 2024
Partnership, Fraud, KYB, KYC, Friction, Documentation, AML, Engineering, Alloy

"We're excited to partner with Alloy to help us achieve our global growth goals," said Alexis Alexander, Chief Legal & Compliance Officer of Liberis.

Key Points: 
  • "We're excited to partner with Alloy to help us achieve our global growth goals," said Alexis Alexander, Chief Legal & Compliance Officer of Liberis.
  • The collaboration between Liberis and Alloy will streamline the funding application process for merchants, minimising the paperwork involved.
  • By partnering with Alloy, Liberis can reduce the engineering resources required to support its international expansion and meet its compliance requirements.
  • This allows Liberis to focus resources on its core mission of providing merchants with the funding they need to grow and thrive through their partners.

Professor Jien-Wei Yeh Leads Taiwan's Scientific Influence Rankings

Retrieved on: 
Wednesday, January 31, 2024
Research, Steel, Manufacturing, Other Education, Machine Tools, Metalworking & Metallurgy, University, Other Science, Science, Education, Multimedia, Physics, Tin, Disorder, Element, Perseverance, Artifact, Mechanics, Chemistry, Alloy, Corrosion, National Tsing Hua University, NTHU, Nature, Student, Management

View the full release here: https://www.businesswire.com/news/home/20240131625242/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240131625242/en/
    NTHU Chair Professor Jien-Wei Yeh pioneered a groundbreaking field known as "Metal Mixology."
  • Stanford University's comprehensive analysis of 9.6 million scientists worldwide, utilizing Scopus, placed Yeh in the second position for global scientific influence in the materials field in 2022.
  • Yeh stressed that Stanford University's evaluation prioritizes the "quality" of papers, focusing on originality and influence, setting him apart.
  • Professor Yeh believes that, with ideas and perseverance, utilizing Taiwan's resources can lead to cutting-edge research that has the potential to be recognized worldwide.

Researchers from Pusan National University Employ Artificial Intelligence to Unlock the Secrets of Magnesium Alloy Anisotropy

Retrieved on: 
Friday, February 2, 2024
Intelligence, Metal, Machine learning, Pusan National University, Data science, Alloy, Hyperparameter, Data analysis, GAN, Journal, Learning, Architecture, Associate, Forecasting

In other words, their mechanical properties vary depending on the direction of the applied load.

Key Points: 
  • In other words, their mechanical properties vary depending on the direction of the applied load.
  • According to Metal Design & Manufacturing (MEDEM) Lab led by Associate Professor Taekyung Lee from Pusan National University, Republic of Korea, machine learning (ML) might hold answers to this prediction problem.
  • In their recent breakthrough, the team proposed a novel approach called "Generative adversarial networks (GAN)-aided gated recurrent unit (GRU)."
  • Let us hope that this groundbreaking study paves the way towards many more innovations in the fields of artificial intelligence and machine learning as well as computational materials science!

Carbon Monoxide Market to Reach $8.2 Billion, Globally, by 2032 at 4.1% CAGR: Allied Market Research

Retrieved on: 
Wednesday, January 24, 2024
Carbon monoxide, Carbon, Alloy, Table, PDF, Uncertainty, Data, Transport

WILMINGTON, Del., Jan. 24, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Carbon Monoxide Market by Purity (Below 99% and More Than 99%) and Application (Metal Fabrication, Chemicals, Pharmaceuticals, Electronics, Ore Processing and Extraction, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global carbon monoxide market was valued at $5.6 billion in 2022, and is projected to reach $8.2 billion by 2032, growing at a CAGR of 4.1% from 2023 to 2032.

Key Points: 
  • Uncertainty and geopolitical instability can lead to energy market volatility, influencing production costs and potentially affecting carbon monoxide pricing.
  • These events also influence market confidence and industry investments, potentially reshaping strategies and impacting overall carbon monoxide demand.
  • Fluctuations in currency values driven by geopolitical events can impact chemical import/export costs, adding complexity to the carbon monoxide market.
  • The metal fabrication segment claimed the largest share in the carbon monoxide market, driven by extensive use in metallurgical processes.