Cummins

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Friday, October 23, 2020 - 3:45pm

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Key Points: 
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Portable Generators Market to reach $7.4 billion by 2026, says Global Market Insights, Inc.

Monday, October 19, 2020 - 9:00am

SELBYVILLE, Del., Oct. 19, 2020 /PRNewswire/ --Global portable generators market revenue is projected to cross $7.4 billion by 2026, as reported in the latest study by Global Market Insights, Inc.

Key Points: 
  • SELBYVILLE, Del., Oct. 19, 2020 /PRNewswire/ --Global portable generators market revenue is projected to cross $7.4 billion by 2026, as reported in the latest study by Global Market Insights, Inc.
  • Conventional portable generators accounted for over 65% of the global market share in 2019.
  • Some major findings of the portable generators market report include:
    Escalated power demand driven by growing population and urbanization rate will fuel the industry statistics.
  • Eminent players operating across the portable generators market include Honda, Yamaha, Cummins, Generac and Atlas Copco.

Cummins Launches New Digital Master Controls for Total System Control

Sunday, October 18, 2020 - 11:00pm

Cummins (NYSE:CMI) announced the addition of two new Digital Master Controls (DMC), DMC2000 and 6000 to their suite of PowerCommand power system paralleling products.

Key Points: 
  • Cummins (NYSE:CMI) announced the addition of two new Digital Master Controls (DMC), DMC2000 and 6000 to their suite of PowerCommand power system paralleling products.
  • The new Master Control products are enhanced to meet market needs while supporting a wide range of configurations suiting various design complexities.
  • The pre-engineered system level controls will enable faster delivery time to customers at an optimized price.
  • View the full release here: https://www.businesswire.com/news/home/20201018005007/en/
    Cummins launched two new Digital Master Controls (DMC), DMC2000 and 6000 to their suite of PowerCommand power system paralleling products.

NewAge DSD Division Experiencing Strong Growth

Thursday, October 15, 2020 - 1:00pm

Brent Willis, Chief Executive Officer of NewAge, said, The NewAge Direct-Store-Distribution (DSD) division, under the exceptional leadership of Josh Hillegass, is having one of its highest performing years on record.

Key Points: 
  • Brent Willis, Chief Executive Officer of NewAge, said, The NewAge Direct-Store-Distribution (DSD) division, under the exceptional leadership of Josh Hillegass, is having one of its highest performing years on record.
  • The model that NewAge is employing is consistent with what it has been doing with many of its long-standing partners like Sparkling Ice, Jarritos, and others that are recently experiencing record growth.
  • We continue to see milestones eclipsed month after month, from some of our longest standing partners who are achieving record sales heights, said Josh Hillegass, President of NewAges DSD Division.
  • NewAges DSD Division is one of the largest and fastest growing independent distributors in the country.

Cummins Inc. Increases Quarterly Common Stock Dividend

Tuesday, October 13, 2020 - 10:00pm

The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly cash dividend on common stock of 3 percent to 1.35 dollars per share from 1.311 dollars per share.

Key Points: 
  • The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly cash dividend on common stock of 3 percent to 1.35 dollars per share from 1.311 dollars per share.
  • The dividend is payable on December 3, 2020, to shareholders of record on November 20, 2020.
  • Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions.
  • See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on .

Cummins Elects Kim Nelson to its Board of Directors

Tuesday, October 13, 2020 - 9:52pm

Cummins Inc. (NYSE: CMI) announced today that it has appointed Kimberly Kim A. Nelson, former Senior Vice President, External Relations of General Mills, Inc., to its Board of Directors effective October 13, 2020.

Key Points: 
  • Cummins Inc. (NYSE: CMI) announced today that it has appointed Kimberly Kim A. Nelson, former Senior Vice President, External Relations of General Mills, Inc., to its Board of Directors effective October 13, 2020.
  • View the full release here: https://www.businesswire.com/news/home/20201013006116/en/
    We are pleased to welcome Kim to the Cummins Board of Directors.
  • Nelson brings significant experience in key priority areas for Cummins, including environmental, social and corporate governance to her work as a board member.
  • See how Cummins is powering a world thats always on by accessing news releases and more information at https://www.cummins.com/always-on .

NewAge Expands Operations To Brazil

Friday, October 9, 2020 - 1:00pm

NewAge established operations and its office in Sao Paulo in the second quarter and is now expanding operations to take advantage of the burgeoning opportunity there.

Key Points: 
  • NewAge established operations and its office in Sao Paulo in the second quarter and is now expanding operations to take advantage of the burgeoning opportunity there.
  • ARIIX has recently commenced operations in Brazil.
  • NewAge markets a portfolio of differentiated healthy functional brands in three category platforms including Health & Wellness, Healthy Appearance, and Nutritional Performance.
  • NewAge competes in a rapidly growing and transforming industry, and risk factors, including those disclosed in the company's filings with the Securities and Exchange Commission, might affect the Companys operations.

Cummins Continues to Power Bustech With New Battery Electric and Fuel Cell Electric Powertrains

Friday, October 9, 2020 - 1:00pm

The agreement provides for initial units to be developed for both battery electric and fuel cell electric, with plans to ramp up production in late 2021 and early 2022, respectively.

Key Points: 
  • The agreement provides for initial units to be developed for both battery electric and fuel cell electric, with plans to ramp up production in late 2021 and early 2022, respectively.
  • We are excited to continue working with Bustech to provide the next evolution in clean, dependable solutions from Cummins, said Amy Davis, President of New Power at Cummins.
  • Cummins battery packs, which form an integral part of the battery electric powertrain, are designed and built by Cummins.
  • The Cummins fuel cell electric powertrain will maintain a large amount of commonality with the battery electric system and will be built on the same chassis from Bustech.

Cummins Uses Ansys' Digital Transformation Technologies in Research and Development of Advanced Diesel Engines

Tuesday, October 6, 2020 - 12:00pm

Incorporating SPDM will help Cummins engineers achieve significantly faster throughput on simulation engineering workflows, make product design decisions much sooner, drive tighter collaboration among globally distributed teams and increase productivity to create advanced engines with more favorable environmental attributes.

Key Points: 
  • Incorporating SPDM will help Cummins engineers achieve significantly faster throughput on simulation engineering workflows, make product design decisions much sooner, drive tighter collaboration among globally distributed teams and increase productivity to create advanced engines with more favorable environmental attributes.
  • Leveraging physics-based digital twins will help engineers make confident product health management decisions that reduce the cost and risk of unplanned downtime and improve product development processes.
  • "Cummins continues to support its customers by investing in R&D to ensure next-generation engines are more fuel efficient than ever.
  • All other brand, product, service and feature names or trademarks are the property of their respective owners.

NewAge and ARIIX Update Merger Agreement

Thursday, October 1, 2020 - 9:30pm

NewAge has already identified more than $10 million in annualized synergies to be implemented this year from the combined group.

Key Points: 
  • NewAge has already identified more than $10 million in annualized synergies to be implemented this year from the combined group.
  • Fred Cooper, CEO of ARIIX said, The strength of our two companies coming together will have significant benefits to all our stakeholders around the globe.
  • On July 20, 2020, NewAge, Inc., announced the signing of an agreement to acquire ARIIX and four other e-commerce/direct selling companies.
  • NewAge is a Colorado-based organic and healthy products company dedicated to inspiring and educating consumers to Live Healthy.