Other Manufacturing

3M and the Trump Administration Announce Plan to Import 166.5 Million Additional Respirators into the United States over the Next Three Months

Monday, April 6, 2020 - 11:58pm

Today 3M and the Trump Administration are announcing a plan to import 166.5 million respirators over the next three months to support healthcare workers in the United States.

Key Points: 
  • Today 3M and the Trump Administration are announcing a plan to import 166.5 million respirators over the next three months to support healthcare workers in the United States.
  • I want to thank President Trump and the Administration for their leadership and collaboration, said 3M chairman and CEO Mike Roman.
  • These imports will supplement the 35 million N95 respirators we currently produce per month in the United States.
  • 3M will import 166.5 million respirators over the next three months primarily from its manufacturing facility in China, starting in April.

Important Update for Snap-on Incorporated’s 2020 Annual Meeting of Shareholders

Monday, April 6, 2020 - 11:56pm

The Annual Meeting will continue to be held on Thursday, April 23, 2020, but will now occur at 11:30 a.m. Central Time in a virtual meeting format only, via live webcast.

Key Points: 
  • The Annual Meeting will continue to be held on Thursday, April 23, 2020, but will now occur at 11:30 a.m. Central Time in a virtual meeting format only, via live webcast.
  • Shareholders as of the close of business on February 24, 2020, the record date for the Annual Meeting, with a control number will have the opportunity to participate in the vote during the virtual meeting.
  • The Annual Meeting can be accessed directly at www.meetingcenter.io/216067983 or on the Companys website at www.snapon.com/EN/Investors/Investor-Events .
  • An archive of the Annual Meeting will be available on www.snapon.com for at least 90 days following the meeting.

Jason Industries Provides Update Regarding Strategic Alternatives Process; Executes Forbearance Agreement

Monday, April 6, 2020 - 10:41pm

Jason Industries, Inc. (OTCQX: JASN) (together with its subsidiaries, Jason or the Company) currently is considering strategic alternatives to right size its capital structure and position the Company for long-term growth.

Key Points: 
  • Jason Industries, Inc. (OTCQX: JASN) (together with its subsidiaries, Jason or the Company) currently is considering strategic alternatives to right size its capital structure and position the Company for long-term growth.
  • In that regard, Jason is engaged with an ad hoc group of first lien lenders, which represents more than two-thirds of its outstanding indebtedness under its First Lien Credit Agreement, dated as of June 30, 2014 (the Ad Hoc Group), regarding such potential strategic alternatives.
  • The Company and members of the Ad Hoc Group have executed a forbearance agreement with respect to that second lien interest payment.
  • And, pursuant to the Companys intercreditor agreement, second lien lenders are prohibited from exercising certain remedies with respect to this nonpayment for at least 180 days and as set forth more fully in that agreement.

Luxfer Declares Quarterly Dividend April 2020

Monday, April 6, 2020 - 10:01pm

The dividend will be payable on May 6, 2020 to shareholders of record at the close of business on April 17, 2020.

Key Points: 
  • The dividend will be payable on May 6, 2020 to shareholders of record at the close of business on April 17, 2020.
  • All holders of NYSE-listed ordinary shares will be paid in U.S. dollars through the Companys dividend disbursing agent.
  • For holders of ordinary shares not directly listed on the NYSE, the dividend will be paid directly by the Company.
  • If a holder of ordinary shares has previously requested and received a dividend payment in pounds sterling, they will receive this dividend payable on May 6, 2020 in pounds sterling, unless an election in writing to change the payment currency is received by the Company Secretary by April 16, 2020.

Alcoa Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Stockholders

Monday, April 6, 2020 - 9:15pm

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced a change in the format of its Annual Meeting of Stockholders (Annual Meeting) from in-person to virtual-only.

Key Points: 
  • Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced a change in the format of its Annual Meeting of Stockholders (Annual Meeting) from in-person to virtual-only.
  • Due to the public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of our stockholders, employees, and their families, the Company will hold its Annual Meeting in a virtual meeting format only, via webcast.
  • As previously announced, the Annual Meeting will be held on Wednesday, May 6, 2020 at 10:00 a.m. EDT.
  • As described in the Companys proxy materials previously distributed for the Annual Meeting, stockholders at the close of business on March 11, 2020, the record date, are entitled to attend and participate in the Annual Meeting.

Blackline Safety Announces Stock Option Grant

Monday, April 6, 2020 - 7:42pm

Blackline Safety Corp. (TSXV: BLN) today announced that 874,000 stock options were granted on April 6, 2019 to directors, officers and employees of the company.

Key Points: 
  • Blackline Safety Corp. (TSXV: BLN) today announced that 874,000 stock options were granted on April 6, 2019 to directors, officers and employees of the company.
  • These options are granted under Blackline's stock option plan as part of its annual compensation package.
  • About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day.
  • Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries.

Xerox and Vortran Medical Partnering to Mass Produce Disposable Ventilators

Monday, April 6, 2020 - 5:30pm

Together, Xerox and Vortran could produce as many as 1 million ventilators in the coming months.

Key Points: 
  • Together, Xerox and Vortran could produce as many as 1 million ventilators in the coming months.
  • Our smartest minds met (virtually) with Vortrans smartest minds and figured out how to mass produce this critical technology, said John Visentin, vice chairman and chief executive officer, Xerox.
  • VORTRAN Medical Technology has been providing medical device excellence since 1983.
  • Xerox is a trademark of Xerox Corporation in the United States and/or other countries.

Cognite Awarded Google Cloud Technology Partner of the Year 2019 for Manufacturing

Monday, April 6, 2020 - 5:00pm

Cognite , a global industrial DataOps and AI software-as-a-service (SaaS) company, was announced as the 2019 Google Cloud Technology Partner of the Year for Manufacturing.

Key Points: 
  • Cognite , a global industrial DataOps and AI software-as-a-service (SaaS) company, was announced as the 2019 Google Cloud Technology Partner of the Year for Manufacturing.
  • Were proud to recognize Cognite as our Technology Partner of the Year for Manufacturing, said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem at Google Cloud.
  • We look forward to a continued partnership with Cognite to help manufacturing businesses digitally transform with Google Cloud.
  • Cognite Data Fusion utilizes Google Cloud services like Cloud Bigtable, Kubernetes Engine, Stackdriver, Pub/Sub, Cloud spanner, Cloud Storage, Cloud SQL, Auto ML, and ML Engine.

Insights on the Worldwide SiC Fibers Industry to 2027 - Featuring American Elements, BJS Ceramics & COI Ceramics Among Others - ResearchAndMarkets.com

Monday, April 6, 2020 - 3:22pm

The "SiC Fibers Market to 2027 - Global Analysis and Forecasts By Form, Usage, End-Use Industry and By Geography" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "SiC Fibers Market to 2027 - Global Analysis and Forecasts By Form, Usage, End-Use Industry and By Geography" report has been added to ResearchAndMarkets.com's offering.
  • The global SiC fibers market accounted for US$ 270.0 Mn in 2018 and is expected to grow at a CAGR of 22.2% during the forecast period 2019 - 2027, to account for US$ 3,571.1 Mn by 2027.
  • SiC fibers are primarily composed of silicon carbide molecules, which generally ranges from 5-50 micrometers in the diameter.
  • SiC fibers are increasingly being used as a replacement of the metal alloys, as the former can be used for high-temperature applications.

Cummins and DuPont Partner to Use Filter Technology to Supply Critical Material for N95 Respirator Masks

Monday, April 6, 2020 - 3:00pm

As the COVID-19 pandemic spreads across the globe, Cummins Inc. (NYSE: CMI) and DuPont (NYSE: DD) are helping address the nations shortage of N95 respirator masks.

Key Points: 
  • As the COVID-19 pandemic spreads across the globe, Cummins Inc. (NYSE: CMI) and DuPont (NYSE: DD) are helping address the nations shortage of N95 respirator masks.
  • View the full release here: https://www.businesswire.com/news/home/20200406005502/en/
    The need for N95 masks has skyrocketed in recent weeks in response to the COVID-19 pandemic.
  • Many of the worlds leading mask manufacturers are in need of the critical materials to assemble the mask and are struggling to meet demand.
  • When Cummins NanoNet Media was tested using an industry standard testing method, it exceeded the performance requirements for N95 designation.