GKN

Coda Octopus Group Appoints Gwenael Rouy Poirier to its Board of Directors

Retrieved on: 
Monday, April 15, 2024

Gwenael is an experienced business leader with over 27 years’ experience, mostly in the Aerospace and Defense industries.

Key Points: 
  • Gwenael is an experienced business leader with over 27 years’ experience, mostly in the Aerospace and Defense industries.
  • Residing in Switzerland, his international career has taken him to live and work in several countries in Asia, to the USA and the UK.
  • Commenting on his appointment Gwenael said “I am really excited to join the Coda Octopus Board.
  • The vacancy was a result of the Board of Directors expanding the number of seats on the Board.

Global Aircraft Brake System Market Anticipated to Reach $14.69 Billion by 2028 - Long-term Forecasts to 2033 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 24, 2024

The "Aircraft Brake System Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aircraft Brake System Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
  • The aircraft brake system market is witnessing a robust growth phase, projected to escalate from $9.64 billion in 2023 to an impressive $10.5 billion in 2024, marking a CAGR of 9.0%.
  • This momentum is expected to carry forward, leading to a significant increase in market value to $14.69 billion by 2028, at a CAGR of 8.8%.
  • Strategic partnerships and collaborations continue to bolster market development, allowing companies to pool expertise and expand market reach.

Parker Aerospace Joins HyFIVE Consortium to Advance Aviation Liquid Hydrogen Fuel System Development

Retrieved on: 
Wednesday, April 24, 2024

Parker Aerospace , a business segment of Parker Hannifin Corporation , the global leader in motion and control technologies, will participate in the HyFIVE consortium of industry and academic partners developing a world-leading liquid hydrogen fuel system and supply chain supporting zero-emission aviation in the 2030s.

Key Points: 
  • Parker Aerospace , a business segment of Parker Hannifin Corporation , the global leader in motion and control technologies, will participate in the HyFIVE consortium of industry and academic partners developing a world-leading liquid hydrogen fuel system and supply chain supporting zero-emission aviation in the 2030s.
  • In addition to Parker Aerospace, HyFIVE includes fellow industry partners Marshall and GKN Aerospace, as well as academic partners University of Manchester, University of Bath and Cardiff University.
  • The objective of the HyFIVE consortium is to develop, test and validate a modular and scalable cryogenic hydrogen fuel system architecture appropriate for multiple types of aircraft, and support of hydrogen electric propulsion or hydrogen combustion powertrains.
  • The initiative will address technology development for hydrogen fuel systems in five key areas: storage, conveyance, indication, fueling and venting.

Dowlais Group Plc Appoints New Chief Executive to GKN Powder Metallurgy

Retrieved on: 
Tuesday, March 12, 2024

Dowlais Group Plc, the specialist engineering firm focused on the automotive sector, has appointed Jean-Marc Durbuis as the new Chief Executive Officer of GKN Powder Metallurgy.

Key Points: 
  • Dowlais Group Plc, the specialist engineering firm focused on the automotive sector, has appointed Jean-Marc Durbuis as the new Chief Executive Officer of GKN Powder Metallurgy.
  • View the full release here: https://www.businesswire.com/news/home/20240312075077/en/
    Jean-Marc Durbuis, Chief Executive Officer of GKN Powder Metallurgy (Photo: Business Wire)
    Jean-Marc will bring extensive commercial, operational and leadership experience to GKN Powder Metallurgy as it positions itself for the transition to electric vehicles – a significant strategic opportunity for the business.
  • Liam Butterworth, CEO of Dowlais Group Plc, said: ‘I want to thank Diego for his 31 years at GKN.
  • He has achieved so much during this time at both GKN Powder Metallurgy and GKN Automotive.

GKN Powder Metallurgy Awarded Platinum Medal for Sustainability Excellence

Retrieved on: 
Tuesday, February 13, 2024

GKN Powder Metallurgy, a global leader in powder metallurgy and innovative, sustainable solutions for a wide range of automotive and industrial applications, has been awarded the EcoVadis Platinum Rating for outstanding performance in sustainability.

Key Points: 
  • GKN Powder Metallurgy, a global leader in powder metallurgy and innovative, sustainable solutions for a wide range of automotive and industrial applications, has been awarded the EcoVadis Platinum Rating for outstanding performance in sustainability.
  • View the full release here: https://www.businesswire.com/news/home/20240213254913/en/
    GKN Powder Metallurgy awarded the EcoVadis Platinum Medal (Graphic: Business Wire)
    Across all business units and with a total of 27 manufacturing sites worldwide, GKN Powder Metallurgy has been recognised with the Platinum Medal that puts the company in the top 1% of more than 125,000 companies assessed in the areas of Labour & Human Rights, Environment, Ethics, and Sustainable Procurement.
  • This award represents a benchmark for the companies demonstrating the highest standards of sustainability management.
  • Overall, the company's Powder Metallurgy process is largely based on recycled materials, contributing to a circular economy by reusing resources and conserving raw materials.

Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment

Retrieved on: 
Monday, January 22, 2024

Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces today that it has secured $50 million in committed funding from founder, majority owner and CEO, Stephen Fitzpatrick.

Key Points: 
  • Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, announces today that it has secured $50 million in committed funding from founder, majority owner and CEO, Stephen Fitzpatrick.
  • This funding comes at an important period for the company as it nears the completion of its second-generation, full-scale piloted VX4 prototype at GKN Aerospace’s Global Technology Centre.
  • Stephen Fitzpatrick, CEO & Founder of Vertical, said: “Since founding Vertical in 2016 I have continued to believe in the enormous potential the company has to pioneer zero carbon aviation.
  • The Company and Mr. Fitzpatrick have entered into a legally binding term sheet agreement in respect of an equity investment by Mr. Fitzpatrick.

IperionX Letter to Shareholders

Retrieved on: 
Tuesday, January 16, 2024

IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to release a letter to shareholders from the Company’s Chief Executive Officer Anastasios Arima.

Key Points: 
  • IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to release a letter to shareholders from the Company’s Chief Executive Officer Anastasios Arima.
  • In October, we received a Letter of Interest from the U.S. Export-Import Bank for the provisional sum of US$11.5 million.
  • I would like to thank the IperionX team for their relentless efforts and remarkable achievements in 2023.
  • I also want to express our appreciation to all our stakeholders, including our long-term shareholders, our customers, suppliers and government associates.

Alation Announces 2023 Data Radicals Award Winners at revAlation

Retrieved on: 
Thursday, November 9, 2023

REDWOOD CITY, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Alation, Inc. , the data intelligence company , today announced the winners of the 2023 Data Radicals Awards, presented at revAlation , Alation’s global conference series.

Key Points: 
  • REDWOOD CITY, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Alation, Inc. , the data intelligence company , today announced the winners of the 2023 Data Radicals Awards, presented at revAlation , Alation’s global conference series.
  • The Data Radicals Awards celebrate those leading the charge in driving data culture and consist of three categories: The Data Radical, The Culture Creator, and The Governance Groundbreaker.
  • “This year’s winners have transformed their organization’s data landscape with Alation, equipping everyone with the insights they need to be truly data-driven and tackle the most complex business challenges.”
    Winners of the 2023 Data Radicals Awards:
    The Data Radical – This award is the pinnacle of achievement in the data space, a recognition that sets the standard for excellence in the industry.
  • The Culture Creator – This award celebrates the customer who most clearly recognizes that connecting people with data starts with a strong data culture.

First high voltage electrical harnesses roll off the line for the all-electric Lilium Jet

Retrieved on: 
Thursday, October 12, 2023

The announcement marks another important achievement on the path to first assembly, industrialization, and entry into service of the revolutionary Lilium Jet.

Key Points: 
  • The announcement marks another important achievement on the path to first assembly, industrialization, and entry into service of the revolutionary Lilium Jet.
  • A collaboration between Lilium, its design and build partner for electrical wiring integration, GKN Aerospace, and connector supplier, Rosenberger, the high voltage electrical harnesses represent a critical system on the Lilium Jet.
  • The harness system, for which Lilium has been granted patents in the U.S. and Europe, is essential for the Lilium Jet’s safety critical power distribution architecture.
  • We look forward to extending our capabilities into the eVTOL space as part of the Lilium Jet team.”

GKN Aerospace Partners With IperionX to Advance Sustainable Titanium Manufacturing

Retrieved on: 
Monday, October 2, 2023

The collaboration with GKN Aerospace builds on the successful testing and validation of IperionX 100% recycled titanium powder made from GKN scrap titanium feedstocks.

Key Points: 
  • The collaboration with GKN Aerospace builds on the successful testing and validation of IperionX 100% recycled titanium powder made from GKN scrap titanium feedstocks.
  • This latest commercial partnership focuses on the manufacturing of high-performance titanium plate for testing by GKN Aerospace, which may also form part of further collaboration efforts between GKN Aerospace and IperionX – including projects linked to the U.S. Department of Defense.
  • “GKN Aerospace is a leader in sustainability and the precision manufacturing of titanium components for the aerospace, space and military markets,” said Taso Arima, CEO of IperionX.
  • “We are very proud to be working with GKN Aerospace to commercialize our market leading high-performance and sustainable titanium products.”