CNC

IperionX Drives Towards Commercial Scale Titanium Metal Production

Retrieved on: 
Wednesday, February 14, 2024
Machine Tools, Metalworking & Metallurgy, Mining, Minerals, Manufacturing, Natural Resources, Other Manufacturing, Machinery, CNC, Titanium, Multimedia, HAMR, Business Wire, Government, IPX, HSPT, Powder, ASX, Education minister, Printing, Heart, Laboratory, Extrusion

This large-scale titanium furnace is expected to be installed within the Titanium Production Facility during the second quarter, paving the way for the production of titanium metal in mid-2024.

Key Points: 
  • This large-scale titanium furnace is expected to be installed within the Titanium Production Facility during the second quarter, paving the way for the production of titanium metal in mid-2024.
  • A critical IperionX production asset, this large-scale, industrial titanium furnace leverages patented company technologies, such as HAMR1 and HSPT2, to produce sustainable, high-quality and high-strength titanium metal products at commercial scale.
  • In 2023, the IperionX technical team successfully completed two full-scale titanium production test runs that surpassed the core target production parameters for the Titanium Production Facility.
  • Construction Progress - Titanium Production Facility, Virginia
    Construction of the Titanium Production Facility is advancing to schedule, with the HAMR titanium furnace expected to be commissioned and to produce first titanium metal in mid-2024.

Truist Charitable Fund names 17 new grant recipients

Retrieved on: 
Wednesday, February 14, 2024
Professional, Education, Growth, Partnership, Success, Private law, Enterprise Community Partners, Consultant, Empowerment, Organization, Capital Good Fund, Workforce, Housing, CNC, LMI, Intellectual, Telephone directory, Small business, Transport, LISC, Truist Financial, Economic development, Community, Pathway, Human, CDFI, Naturally, TFC, VSH, Creativity, Employment, Prisoner, Knowledge, Poverty, Opportunity Center, Community Reinvestment Act, Quality of life, Child care, School, Policy, Center for Community Self-Help, CAP

CHARLOTTE, N.C., Feb. 14, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the initial recipients of its Truist Community Catalyst Initiative, a three-year Community Reinvestment Act program supporting local efforts with statewide impact. This initiative will support 17 efforts across 13 states, impacting 54 communities, allowing local nonprofit organizations to better respond to critical community needs within their state.

Key Points: 
  • The 2023-25 Truist Community Catalyst Initiative focuses on issues within four key focus areas: affordable housing, small business access to capital, workforce development and essential community services.
  • As each program expands, grant recipients will have the opportunity to reapply for additional funding annually through 2025.
  • Grant funding will expand the nonprofit's Naturally Occurring Affordable Housing Preservation Project and Housing Loan Fund to finance and secure affordable housing units.
  • Capital Good Fund: A CDFI with a mission to create pathways out of poverty and advance a green economy through inclusive financial services.

WellCare of North Carolina and Reinvestment Partners Join to Improve the Health of North Carolinians

Retrieved on: 
Tuesday, February 13, 2024
Well, CNC, Population health, Diet, RN, WellCare, Food, Conditional sentence, Centene Corporation, Health, Vegetable, Organization, Quality, Health equity, Food security, Partner, Insurance, Medicine, Partnership

DURHAM, N.C., Feb. 13, 2024 /PRNewswire/ -- WellCare of North Carolina, a wholly owned subsidiary of Centene Corporation (NYSE: CNC) announced today a partnership with Reinvestment Partners, a North Carolina non-profit organization dedicated to enhancing health by enrolling WellCare members in the Eat Well Program (Eat Well).

Key Points: 
  • DURHAM, N.C., Feb. 13, 2024 /PRNewswire/ -- WellCare of North Carolina , a wholly owned subsidiary of Centene Corporation (NYSE: CNC) announced today a partnership with Reinvestment Partners , a North Carolina non-profit organization dedicated to enhancing health by enrolling WellCare members in the Eat Well Program ( Eat Well ).
  • WellCare is planning to enroll more than 1,600 North Carolinians with complex health needs and chronic conditions in the program.
  • Eat Well reflects the state's commitment to addressing food insecurity and providing a healthier well-being for the people of North Carolina.
  • "WellCare is pleased to work with Reinvestment Partners to support the dual mission of enhancing the health of North Carolinians," said Frances Johnson, RN, Vice President, Population Health & Quality Improvement for WellCare of North Carolina.

Gordon Brothers Provides $5M Operating Lease to Aerospace & Defense Solutions Provider

Retrieved on: 
Tuesday, February 13, 2024
CNC, Knowledge, Gordon Brothers, Senior, Risk, 3D printing

Boston, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has provided a five-year operating lease to an Ohio-based aerospace and defense solutions provider for 15 late-model CNC machine tools worth more than $5 million.

Key Points: 
  • Boston, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has provided a five-year operating lease to an Ohio-based aerospace and defense solutions provider for 15 late-model CNC machine tools worth more than $5 million.
  • The provider will use the equipment in support of its precision manufacturing, fabrication and assembly services for the aerospace, defense and power generation industries.
  • “By delivering rapid liquidity solutions and hands-on support, we partner to help clients manage through operational challenges and market cycles to transform their businesses.”
    Gordon Brothers provides equipment financing solutions for clients with liquidity needs traditional banks and lenders cannot easily provide.
  • Our equipment finance and lease solutions leverage our deep industry expertise and extensive equipment knowledge.

Okuma America Corporation Appoints New VP of Engineering & Factory Automation Group

Retrieved on: 
Thursday, February 8, 2024
Okuma, CNC, Business administration, Engineering, Automation, Engine department, Southern New Hampshire University, Management

In this new role, Mr. Anderson will lead Okuma America Corporation's Engineering Department which includes applications engineering, product engineering, and quality assurance teams.

Key Points: 
  • In this new role, Mr. Anderson will lead Okuma America Corporation's Engineering Department which includes applications engineering, product engineering, and quality assurance teams.
  • Additionally, Mr. Anderson will continue to lead the Okuma Factory Automation Division, a business division created in 2023 to develop and expand a comprehensive line of CNC automation solutions to be used with Okuma machine tools.
  • "Wade embodies our mission, vision, and values through his strong and passionate leadership," said Jim King, President and COO of Okuma America Corporation.
  • "I am confident that his diverse background, deep process knowledge, and ability to build effective teams and programs will continue to drive excellence in engineering and automation technology at Okuma America."

Canada Nickel Company's NetZero Metals Intends to Develop Downstream Nickel & Stainless-Steel Processing Facilities in Timmins Region

Retrieved on: 
Thursday, February 8, 2024
Partnership, CNC, Growth, Nickel, City, Government, Feasibility study, Economic development, Stainless steel, MPP, Carbon, Investment, Vale S.A., CO2, Metal, NetZero, Indigenous, Taykwa Tagamou Nation, Woman, Palladium

Both processing facilities to be designed to be net zero-carbon – utilizing Canada Nickel Company's carbon storage capacity to store CO2 generated by each facility.

Key Points: 
  • Both processing facilities to be designed to be net zero-carbon – utilizing Canada Nickel Company's carbon storage capacity to store CO2 generated by each facility.
  • NetZero Metals led by Mike Cox with 35 years of nickel processing experience and senior leadership positions with Inco Ltd. and Vale SA overseeing a global portfolio of nickel refineries.
  • TIMMINS, ON, Feb. 8, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) announced today its wholly-owned subsidiary, NetZero Metals Inc. ("NetZero Metals" or the "Company"), intends to develop two processing facilities in the Timmins Nickel District: a nickel processing facility and stainless-steel and alloy production facility.
  • "These processing facilities will position the Timmins Nickel District and Canada at the forefront of the global transition to greener energy and materials," said Mark Selby, CEO of Canada Nickel Company.

Dassault Systèmes’ 3DEXPERIENCE World 2024 to Celebrate Imaginations, Innovations and Communities Shaping the Future of Design and Manufacturing

Retrieved on: 
Thursday, February 8, 2024
Thought Leadership, Software, Electronic Design Automation, Data Management, Professional Services, Technology, Apps, Applications, Other Technology, Robotics, CNC, 20th-century music, Senior, Data management, 3D, Euronext Paris, Artificial intelligence, Product lifecycle, Learning, PLM, Dassault Group, Imagination, Formula, Student

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced 3DEXPERIENCE World 2024 , its annual event dedicated to the 3DEXPERIENCE Works and SOLIDWORKS communities, in Dallas, February 11-14, 2024.

Key Points: 
  • Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced 3DEXPERIENCE World 2024 , its annual event dedicated to the 3DEXPERIENCE Works and SOLIDWORKS communities, in Dallas, February 11-14, 2024.
  • More than 5,000 users, business leaders, makers, entrepreneurs and students will attend the 25th anniversary of the world’s premier event for discovering the technologies, trends and strategies shaping the future of product design and manufacturing.
  • “For 25 years, our ‘World’ events have provided opportunities to celebrate attendees and facilitate community engagement while imagining all we can achieve in the future, together,” said Gian Paolo Bassi, Senior Vice President, 3DEXPERIENCE Works, Dassault Systèmes.
  • “3DEXPERIENCE World 2024 builds on this story of innovation, thought leadership, customer success, products and experiences.

Canada Nickel Announces Closing of Samsung SDI Equity Investment

Retrieved on: 
Tuesday, February 6, 2024
CNC, Samsung

TORONTO, Feb. 6, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) has completed its previously announced equity investment by Samsung SDI Co., Ltd. ("Samsung SDI") for aggregate gross proceeds of US$18.5 million (see Canada Nickel press release dated January 19, 2024).

Key Points: 
  • TORONTO, Feb. 6, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) has completed its previously announced equity investment by Samsung SDI Co., Ltd. ("Samsung SDI") for aggregate gross proceeds of US$18.5 million (see Canada Nickel press release dated January 19, 2024).
  • Samsung SDI has subscribed for 15.6 million common shares of the Company at C$1.57 per share.
  • Samsung SDI now holds 8.7% of the issued and outstanding common shares of the Company.

Europe Movie Market Analysis Report 2024-2030: IMAX, Dolby Atmos, and 3D Technology Transforming the Cinematic Experience, Streaming Services Propel the Popularity of European Films Across Genres - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 6, 2024
Women, Children, Entertainment, Men, Specialty, Family, TV and Radio, Film & Motion Pictures, Consumer, Retail, Atmos, 3-D, CNC, Virtual reality, IMAX, Government, Dolby Atmos, Prevalence, Exhibition, Federico Fellini, Marketing, Pathe, Female, New Wave, Film industry

Streaming services provide access to a considerable spectrum of content, contributing to the popularity of both mainstream and independent productions.

Key Points: 
  • Streaming services provide access to a considerable spectrum of content, contributing to the popularity of both mainstream and independent productions.
  • This cinematic landscape displays a dynamic fusion of global traits and excellent local narratives, growing a vibrant and captivating film-making experience in present-day Europe.
  • Besides, the evolution of movies in Europe is a rich and diverse adventure marked by artistic innovation and cultural exploration.
  • These screens, followed by Dolby Atmos sound and 3D technology, enhance the cinematic experience, engaging audiences in theatres.

Advantage Capital Invests $3 Million in Growing Military Aircraft Part Manufacturer Malone’s CNC Machining, Inc.

Retrieved on: 
Tuesday, February 6, 2024
Other Manufacturing, Other Defense, Steel, Finance, Engineering, Professional Services, Aerospace, Manufacturing, Machine Tools, Metalworking & Metallurgy, Defense, State, CNC, Growth, Capital, Senior, C-130, B-52, Renewable energy

Advantage Capital, a leading impact investment firm, announced today a $3 million investment in Malone’s CNC Machining, Inc.—a manufacturer of replacement parts and assemblies for United States military aircrafts.

Key Points: 
  • Advantage Capital, a leading impact investment firm, announced today a $3 million investment in Malone’s CNC Machining, Inc.—a manufacturer of replacement parts and assemblies for United States military aircrafts.
  • The company will use the financing to support the purchase of new equipment and address working capital needs.
  • “This financing is critical to support our upward trajectory, and we are excited about the growth potential,” said Derek Martin, President and CEO of Malone’s.
  • “We have operated in Grove for more than 30 years and are proud to provide quality manufacturing jobs to our surrounding community.