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Bearing AI Launches First AI-Powered Planning Tool for Shipping Liners

Retrieved on:

Tuesday, April 16, 2024

Intelligence, Deployment, Carbon, Bearing, Transport, PALO, Face, AI

The Bearing AI Deployment Planner equips liner shipping companies with the necessary tools to meet regulations and adapt to future changes.

Key Points:

The Bearing AI Deployment Planner equips liner shipping companies with the necessary tools to meet regulations and adapt to future changes.
Deployment Planner is part of a powerful suite of AI tools that allows vessel operators to easily answer questions such as: What’s the right vessel for the right contract?
“Environmental compliance is just one component in an increasingly complex balancing act for the marine shipping industry,” said Kristofer Maanum, Senior Product Leader at Bearing AI.
Our vision is to not only ease the industry's transition towards green shipping but also enable it to harness AI to make confident decisions that support commercial and sustainability goals.”

EQS-News: Schaeffler Group reappoints CEOs of both automotive divisions

Retrieved on:

Wednesday, March 13, 2024

Engineering, Marketing, Vitesco Technologies, Supervisory board, University, Automotive aftermarket, Herzogenaurach, Economics, Bearing, Management

Matthias Zink (54) has been a member of the Executive Board and the CEO of Schaeffler’s Automotive Technologies division since January 1, 2017.

Key Points:

Matthias Zink (54) has been a member of the Executive Board and the CEO of Schaeffler’s Automotive Technologies division since January 1, 2017.
Matthias Zink began his working life in 1994 as a test engineer with the LuK Group, which became wholly owned by Schaeffler in 2000.
In the years that followed, he held various leadership positions in the Automotive Technologies division, among others in China.
Matthias Zink holds a degree in mechanical engineering with a major in automotive engineering from the University of Karlsruhe.

EQS-News: Schaeffler Group improves profitability in 2023

Retrieved on:

Wednesday, March 13, 2024

Engine, Growth, Automation, Greater, Annual report, Central and Eastern Europe, Automotive aftermarket, Industrial, System, Bearing, Chemical

The Automotive Technologies division generated revenue of 9,772 million euros in 2023 (prior year: 9,498 million euros).

Key Points:

The Automotive Technologies division generated revenue of 9,772 million euros in 2023 (prior year: 9,498 million euros).
The marked increase in the EBIT margin before special items in 2023 was mainly due to the impact of volumes.
Automotive Aftermarket – strong growth, strong margin
The Automotive Aftermarket division reported revenue of 2,253 million euros in 2023 (prior year: 2,040 million euros).
The Industrial division increased its revenue by 3.9 percent at constant currency to 4,288 million euros in 2023 (prior year: 4,271 million euros).

Bearing AI Launches EU ETS Compliance Tool

Retrieved on:

Wednesday, March 6, 2024

Carbon, PALO, FDO, Ship, AI, Intelligence, Projection, European Economic Area, Bearing, Entrepreneurship, CII, Head

Compliance with EU ETS is an imposing challenge for the maritime sector.

Key Points:

Compliance with EU ETS is an imposing challenge for the maritime sector.
Bearing AI is meeting this challenge head-on with a new EUA forecast and simulation capability.
When uploading a vessel schedule to the FDO platform, our advanced AI provides a projection of specific vessels’ EU ETS obligations for that schedule.
This refined tool not only aids in navigating the immediate financial landscape shaped by the EU ETS but also aligns with long-term environmental stewardship by facilitating proactive carbon footprint management.

Global Bearing Steel Market Analysis and Forecast to 2028 - Growing Demand for Bearings from Automotive Industry - ResearchAndMarkets.com

Retrieved on:

Friday, December 22, 2023

Steel, Manufacturing, Carbon, Car, Stainless steel, Bearing, Internet, Internet of things, Artificial intelligence, Growth, Investment, Ball bearing, Urbanization, Ceramic

The "Global Bearing Steel Market: Analysis By Type (Carbon Steel, Stainless Steel and Others), By Application (Ball Bearing, Thrust Bearing, Roller Bearing, Plain Bearing and Others), By End User, By Region Size & Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Global Bearing Steel Market: Analysis By Type (Carbon Steel, Stainless Steel and Others), By Application (Ball Bearing, Thrust Bearing, Roller Bearing, Plain Bearing and Others), By End User, By Region Size & Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
In 2022, the global bearing steel market was valued at US$6.75 billion, and is probable to reach US$8.30 billion by 2028.
Further, global bearing steel market is expected to boost in the future due to various trends in the market.
Global Bearing Steel Market Dynamics:
Growth Drivers: Growing demand for bearings from automotive industry plays a pivotal role in driving growth in the global bearing steel market as the automotive industry expands, the demand for bearing steel increases proportionally.

Boca Bearings is Pleased to Announce We're Officially ISO 9001 Certified!

Retrieved on:

Saturday, November 18, 2023

Certification, Bearing, ISO, Professional, Trust, Audit, Customer service, Nursing

BOYNTON BEACH, Fla., Nov. 18, 2023 /PRNewswire-PRWeb/ -- Boca Bearings is thrilled to announce that our company has recently achieved a significant milestone - we are now officially ISO 9001 certified! This certification is a testament to the hard work and dedication of the Boca Bearings team to enhance customer satisfaction.

Key Points:

Boca Bearings is thrilled to announce that our company has recently achieved a significant milestone - we are now officially ISO 9001 certified!
This certification is a testament to the hard work and dedication of the Boca Bearings team to enhance customer satisfaction.
BOYNTON BEACH, Fla., Nov. 18, 2023 /PRNewswire-PRWeb/ -- Boca Bearings is thrilled to announce that our company has recently achieved a significant milestone - we are now officially ISO 9001 certified !
This certification is a testament to the hard work and dedication of the Boca Bearings team to enhance customer satisfaction.

Bearing AI Releases Fleet Deployment Optimizer

Retrieved on:

Wednesday, October 25, 2023

Carbon, EU ETS, PALO, Artificial intelligence, Hapag-Lloyd, AI, Mathematical optimization, EU, CII, Renewable energy, Bearing

PALO ALTO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Bearing AI, the AI Decision Engine for the maritime industry, has launched an AI-powered Fleet Deployment Optimizer. This industry-first product was developed with in-depth feedback from leading global shipping company, and Bearing AI customer, Hapag-Lloyd.

Key Points:

Bearing AI announces the first AI-powered tool for tracking, predicting, and optimizing liner fleet emissions
PALO ALTO, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Bearing AI, the AI Decision Engine for the maritime industry, has launched an AI-powered Fleet Deployment Optimizer.
Built on Bearing AI’s Decision Engine platform, the Fleet Deployment Optimizer helps customers accurately simulate future emissions and instantly compare the efficiency of different vessels across potential schedules.
During the collaborative development of the Fleet Deployment Optimizer, Bearing AI combined its expertise in Artificial Intelligence with Hapag-Lloyd’s industry insights to ensure the Fleet Deployment Optimizer tackled some of the most pressing emissions-related challenges facing companies today.
“Fleet Deployment Optimizer is one of the most significant recent developments in fleet management and it's just the beginning – we’re excited to unveil its full potential, and continue to rapidly innovate with industry-leading customers like Hapag-Lloyd.”
As part of Bearing’s broader AI Decision Engine platform, Fleet Deployment Optimizer is continuously improving and Bearing plans on launching a series of enhancements in the near future.

EQS-News: Schaeffler AG to Launch Public Tender Offer for Outstanding Shares of Vitesco Technologies Group AGto Create a Leading Motion Technology Company

Retrieved on:

Tuesday, October 17, 2023

Public tender offer for all outstanding shares of Vitesco Technologies Group AG; offer price of 91 euros represents an attractive premium of around 20 percent on the 3-month volume-weighted average share price

Key Points:

Public tender offer for all outstanding shares of Vitesco Technologies Group AG; offer price of 91 euros represents an attractive premium of around 20 percent on the 3-month volume-weighted average share price
Compelling strategic logic through complementary technology portfolios, leveraging the accelerating growth opportunity in e-mobility
Herzogenaurach | October 9, 2023 | The Executive Board of Schaeffler AG (‘Schaeffler”) has, with consent of the Supervisory Board, decided today to launch a public tender offer for all outstanding shares in Vitesco Technologies Group AG (“Vitesco”) (ISIN: DE000VTSC017) to create a leading Motion Technology Company with four focused divisions.
Vitesco shareholders can tender their shares into the offer to realize the attractive premium offered by Schaeffler.
The tender offer is the first step of a planned three-step overall transaction that will lead to a merger of Vitesco Technologies Group AG into Schaeffler AG.
Klaus Rosenfeld, CEO of Schaeffler AG, said: “With the launch of the tender offer today, we are initiating a transformative move for Schaeffler.

Boca Bearings for the 4th Consecutive Year Joins the Global Fight Against Breast Cancer

Retrieved on:

Tuesday, October 10, 2023

National Breast Cancer Foundation, Breast cancer, Bearing, National Breast Cancer Foundation (United States), Cancer, Boca, Love, Woman, Social media, Birth control

BOYNTON BEACH, Fla., Oct. 10, 2023 /PRNewswire-PRWeb/ -- Boca Bearings is proud to announce the launch of its 4th-year Breast Cancer Awareness Campaign, aimed at spreading awareness and encouraging early detection and prevention. Breast cancer remains one of the most prevalent forms of cancer affecting women and men worldwide, and this campaign is dedicated to combating its impact. We thank the National Breast Cancer Awareness Foundation (NBCAF) for recognizing Boca Bearing's effort in this fight.

Key Points:

We thank the National Breast Cancer Awareness Foundation (NBCAF) for recognizing Boca Bearing's effort in this fight.
We thank the National Breast Cancer Awareness Foundation (NBCAF) for recognizing Boca Bearing's effort in this fight.
Moreover, our dedicated breast cancer awareness page contains vital information and resources for individuals seeking additional information about breast cancer screenings and prevention.
To learn more about the Boca Bearings 4th year Breast Cancer Awareness Campaign or get involved, visit https://community.bocabearings.com/
We thank you for your support and love.

The Boca Bearings Company Has Expanded Their Line of One-Way Bearings

Retrieved on:

Friday, September 29, 2023

HFL, Housing, OWC, Bearing, RCB, SCE, KF, CSK, Torque, FC, Temperature, RC, EWC, FCB, HK, Electric motor, Single, HF

BOYNTON BEACH, Fla., Sept. 29, 2023 /PRNewswire-PRWeb/ -- Boca Bearings is pleased to announce the release of its new and expanded One-Way Bearing Series. One-way clutch or Sprag style bearings are constructed from a drawn cup with needle roller clutches and have a small radial section height. They are often called one-way bearings, anti-reverse bearings, and clutch bearings.

Key Points:

They are often called one-way bearings, anti-reverse bearings, and clutch bearings.
BOYNTON BEACH, Fla., Sept. 29, 2023 /PRNewswire-PRWeb/ -- Boca Bearings is pleased to announce the release of its new and expanded One-Way Bearing Series.
They are often called one-way bearings, anti-reverse bearings, and clutch bearings.
The one-way clutch bearings (OWC), also known as Origin One Way bearings are extra narrow and high-performance bearings available as small as a 5.4mm width.