SMT

EQS-News: SMT Scharf AG announces preliminary 2023 results 

Retrieved on: 
Wednesday, March 13, 2024

Significant growth in After-Sales business, but New Equipment business down

Key Points: 
  • Significant growth in After-Sales business, but New Equipment business down
    Hamm, February 28, 2024 – SMT Scharf AG (WKN 575198, ISIN DE000A3DRAE2), one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, reports revenue of EUR 73.2 million for the 2023 fiscal year, on the basis of preliminary results (2022: EUR 93.7 million).
  • The operating profit (EBIT) for the 2023 fiscal year amounts to EUR 3.6 million, on the basis of preliminary figures (2022: EUR 14.3 million).
  • As Volker Weiss, CFO of SMT Scharf AG, commented: “In the fourth quarter, we continued with our sales activities in our core markets worldwide.
  • Overall, the SMT Scharf Group is active with subsidiaries in seven countries, as well as commercial agencies worldwide.

EQS-News: Yankuang Energy Group becomes new strategic core shareholder of SMT Scharf AG

Retrieved on: 
Wednesday, March 13, 2024

52.66% of SMT Scharf AG by Yankuang Energy Group Company Limited, at a price of EUR 11.10 per share.

Key Points: 
  • 52.66% of SMT Scharf AG by Yankuang Energy Group Company Limited, at a price of EUR 11.10 per share.
  • The Managing and Supervisory Boards of SMT Scharf AG welcome the fact that Yankuang, as a strategic investor, intends to acquire a majority interest in SMT Scharf AG.
  • As Volker Weiss, CFO of SMT Scharf AG, commented: "We aim to maintain a close and regular dialogue with our new core shareholder in order to successfully further develop and advance SMT Scharf Group's business activities.
  • Yankuang Energy Group Company Limited focuses on the sectors of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing and intelligent logistics.

Sierra Metals Announces New Vice President, Health & Safety

Retrieved on: 
Monday, March 4, 2024

Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Astolfo Romero as Vice President, Health & Safety effective March 1, 2024 replacing Mr. Felix Guerra who is retiring after a very successful career in the mining industry.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Astolfo Romero as Vice President, Health & Safety effective March 1, 2024 replacing Mr. Felix Guerra who is retiring after a very successful career in the mining industry.
  • Ernesto Balarezo, CEO of Sierra Metals, commented, “We are very excited to have Astolfo join Sierra.
  • As a Postgraduate Teacher he received his Master's degree in Mining Management at GERENS and Pontificia Universidad Catolica del Peru.
  • Before joining Sierra, over the last 11 years, Mr. Romero served in multiple management positions in Volcan Compania Minera (Glencore) in areas such as Health & Safety, Operational Excellence, and Human Development.

Quectel Unveils Four New High Performance Wi-Fi and Bluetooth Modules to Increase Developer Options and Help Accelerate Digital Transformation

Retrieved on: 
Monday, February 26, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240226444518/en/
    Quectel unveils four new high performance Wi-Fi and Bluetooth modules to increase developer options and help accelerate digital transformation (Photo: Business Wire)
    “Adding the Quectel FCU741R, FCS950R and HCM010S to our portfolio enables developers and designers to select the module that best suits the needs of their use case,” said Norbert Muhrer, President and CSO, Quectel Wireless Solutions.
  • Quectel has also launched the Quectel HCM010S , high-performance MCU Bluetooth module which boasts an ARM Cortex M33 processor and supports both Bluetooth Low Energy (BLE) and Bluetooth Mesh technologies.
  • Quectel provides a comprehensive range of embedded and external antennas, offering end-to-end support from design to certification and post-deployment.
  • Quectel’s integrated approach with antennas, modules, and certifications significantly reduces cost and accelerates time-to-market, streamlining the journey from concept to mass market.

Sierra Metals Obtains Key Operating Permit for Yauricocha Mine in Peru

Retrieved on: 
Wednesday, February 21, 2024

Sierra Metals Inc. (TSX:SMT; OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has received the required permit to develop and mine below the 1120 level at its Yauricocha Mine (“Yauricocha”) in Peru.

Key Points: 
  • Sierra Metals Inc. (TSX:SMT; OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has received the required permit to develop and mine below the 1120 level at its Yauricocha Mine (“Yauricocha”) in Peru.
  • Ernesto Balarezo, Sierra Metals’ CEO, stated, “We are very excited to have received the environmental permit to mine below the 1120 level at our Yauricocha Mine.
  • The granting of the 1120 level permit has the potential to provide several significant catalysts for Sierra Metals, such as operational enhancements, maximized operating capacity and cost efficiencies.
  • Ramp up to full production levels will be progressive and is expected to take between six and nine months to achieve.

KYOCERA AVX Releases a New Range of Load Dump Varistors for Automotive Applications

Retrieved on: 
Monday, March 4, 2024

FOUNTAIN INN, S.C., March 4, 2024 /PRNewswire/ -- KYOCERA AVX, a leading global manufacturer of advanced electronic components engineered to accelerate technological innovation and build a better future, released the new range of load dump varistors as an extension of its trusted TransGuard Automotive Series.

Key Points: 
  • FOUNTAIN INN, S.C., March 4, 2024 /PRNewswire/ -- KYOCERA AVX , a leading global manufacturer of advanced electronic components engineered to accelerate technological innovation and build a better future, released the new range of load dump varistors as an extension of its trusted TransGuard Automotive Series.
  • The new TransGuard Automotive Series load dump varistors are characterized by higher peak current ratings than the rest of the series (2,000A), which make them even more effective at providing reliable protection against high-energy automotive load dump transients.
  • "When compared to similar competing parts, the new TransGuard Automotive Series load dump varistors outperform in energy handling while utilizing a smaller footprint and maintaining all necessary parameters," said Tyler Lagnese, Product Marketing Manager, KYOCERA AVX.
  • For more information about KYOCERA AVX's new TransGuard Automotive Series (VCAS) load dump varistors, please visit https://www.kyocera-avx.com/docs/literature/load-dump-varistors.pdf .

Everyone in Powersports Left Vegas a Winner

Retrieved on: 
Thursday, February 29, 2024

"We're seeing all-time interest in dealer participation since our strategic decision to focus on the industry and go trade-only with the show.

Key Points: 
  • "We're seeing all-time interest in dealer participation since our strategic decision to focus on the industry and go trade-only with the show.
  • And this year, we put on our best show yet — a direct result of the hard work, dedication, and tenacity of our team."
  • "On just the first day alone, we connected media with more than 10 OEMs launching new products.
  • Several electric-bike manufacturers also presented on the New Product Central stage, including Arctic Leopard USA, Denago Powersports, Greenger Powersports, JackRabbit Mobility, NIU, Rawrr eMoto, and Ryvid.

Global Linear Resistors Markets, 2019-2022 and 2023-2029: Rising Demand Fueled by Automotive Electronics Revolution and Advancements in Semiconductor Technology

Retrieved on: 
Tuesday, February 20, 2024

Since linear resistors are crucial parts of electronic circuits, demand for them is rising along with the number of electronic gadgets.

Key Points: 
  • Since linear resistors are crucial parts of electronic circuits, demand for them is rising along with the number of electronic gadgets.
  • Moreover, the need for linear resistors rises as the automobile sector continues to integrate more electronics for automation and connection.
  • With the rising adoption of smartphones, tablets, wearable devices, and other electronic gadgets, the demand for linear resistors has surged.
  • As the demand for EVs and advanced automotive technologies increases, so does the demand for linear resistors.

Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q4 2023 Financial Results

Retrieved on: 
Friday, February 16, 2024

SMV -- Superintendencia del Mercado de Valores -- Información Financiera

Key Points: 
  • Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the fourth quarter of 2023 ("Q4 2023").
  • The Company holds an 81.8% interest in Corona.
  • The unaudited Financial Statements and MD&A can be viewed at:
    To search for the Company’s financial statements, enter the following parameters in the empty fields:
    Sierra Metals will be releasing its Q4 2023 consolidated financial results pre-market on Monday, March 18, 2024, with management hosting a conference call and webcast on the same day at 11:00 AM EDT.

SMT ENERGY SELLS 400 MEGAWATTS OF BATTERY ENERGY STORAGE FACILITIES TO UBS ASSET MANAGEMENT

Retrieved on: 
Wednesday, February 7, 2024

LONDON and NEW YORK and DENVER, Feb. 7, 2024 /PRNewswire/ -- SMT Energy LLC (SMT), a developer, owner and operator of battery energy storage assets, announces its sale of ~400 MWs of battery energy storage projects to UBS Asset Management.

Key Points: 
  • LONDON and NEW YORK and DENVER, Feb. 7, 2024 /PRNewswire/ -- SMT Energy LLC (SMT), a developer, owner and operator of battery energy storage assets, announces its sale of ~400 MWs of battery energy storage projects to UBS Asset Management.
  • The battery systems, located in Texas and connected to the ERCOT power grid, are on track to come online in 2024 and 2025.
  • Battery storage is playing an increasingly large role in providing stability and reliability to the rapidly growing ERCOT system while reducing costs for ratepayers.
  • SMT was advised on the transaction by Stoel Rives.