Other Manufacturing

Fluor Announces Pricing of Upsized Convertible Preferred Stock Offering

Friday, May 14, 2021 - 12:04am

b'Fluor Corporation (NYSE: FLR) (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cFluor\xe2\x80\x9d) announced today that it has priced its previously announced private placement of 525,000 shares of a newly created series of convertible preferred stock, to be designated as Series A 6.50% Cumulative Perpetual Convertible Preferred Stock (the \xe2\x80\x9cPreferred Stock\xe2\x80\x9d).

Key Points: 
  • b'Fluor Corporation (NYSE: FLR) (the \xe2\x80\x9cCompany\xe2\x80\x9d or \xe2\x80\x9cFluor\xe2\x80\x9d) announced today that it has priced its previously announced private placement of 525,000 shares of a newly created series of convertible preferred stock, to be designated as Series A 6.50% Cumulative Perpetual Convertible Preferred Stock (the \xe2\x80\x9cPreferred Stock\xe2\x80\x9d).
  • The Company has also increased the size of the offering to 525,000 shares from the previously announced 450,000 shares and has granted the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional 75,000 in shares of Preferred Stock.
  • The Company intends to use the net proceeds from this offering to redeem or repay outstanding indebtedness and for general corporate purposes.
  • The offering is expected to close on May 18, 2021, subject to customary closing conditions.\nThe Preferred Stock does not have a maturity date.

Luminar Launches With 2 New Series Production Manufacturing Partners; First Unit Rolls Off Line

Thursday, May 13, 2021 - 10:31pm

This complements Luminar\xe2\x80\x99s in-house advanced manufacturing facility in Orlando, Florida, which engineers process and manufacturing technology and techniques to deploy into production with its manufacturing partners.\nLuminar also announced it has achieved its critical milestone of bringing online the initial production line at Celestica\xe2\x80\x99s facility in Monterrey, Mexico.

Key Points: 
  • This complements Luminar\xe2\x80\x99s in-house advanced manufacturing facility in Orlando, Florida, which engineers process and manufacturing technology and techniques to deploy into production with its manufacturing partners.\nLuminar also announced it has achieved its critical milestone of bringing online the initial production line at Celestica\xe2\x80\x99s facility in Monterrey, Mexico.
  • [See: The Path to Series Production: Q2 2021 Update .]
  • \xe2\x80\x9cCelestica's experienced team and track record of tackling complex manufacturing challenges in series production is exactly what Luminar needs to accelerate manufacturing and deliver for our partners at scale and with great efficiency.
  • Luminar has rapidly gained over 50 industry partners, including 8 of the top 10 global automakers.

Nortech Systems Announces the Addition of Stacy Kruse to its Board of Directors

Thursday, May 13, 2021 - 10:30pm

Kruse will contribute strategic capabilities in finance and operations to support Nortech\xe2\x80\x99s growth initiatives and profitability objectives.

Key Points: 
  • Kruse will contribute strategic capabilities in finance and operations to support Nortech\xe2\x80\x99s growth initiatives and profitability objectives.
  • Ms. Kruse currently serves as Chief Operating Officer and Chief Financial Officer of Portico Benefit Services (Portico).
  • Ms. Kruse served on the Washburn Center for Children Board of Directors.
  • Nortech strives to be a premier workplace that fosters valued relationships internally and in our communities.\nAbout Nortech Systems Incorporated Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components.

CMTC Releases Season 2 of Modern Manufacturing Podcast “Shifting Gears”

Thursday, May 13, 2021 - 8:11pm

b'California Manufacturing Technology Consulting\xc2\xae (CMTC) announced today the release of Shifting Gears Season Two .

Key Points: 
  • b'California Manufacturing Technology Consulting\xc2\xae (CMTC) announced today the release of Shifting Gears Season Two .
  • CMTC originally launched the Shifting Gears podcast in February to help small and medium-sized manufacturers (SMMs) keep up with emerging technologies, regulations, and industry news.
  • Season Two ( available now ) further explores the value of apprenticeship programs and deep-dives into inbound marketing , the economic outlook in the wake of the pandemic , smart manufacturing , eCommerce , and women in manufacturing .
  • Shifting Gears\xe2\x80\x99 host, CMTC Director of Advanced Manufacturing Technologies Gregg Profozich, is joined by subject matter experts to explore each of these six topics.

Flexsteel Industries, Inc. to Present at Sidoti Virtual Investor Conference

Thursday, May 13, 2021 - 9:10pm

The presentation will be webcast live and available for viewing 90 days following the event.

Key Points: 
  • The presentation will be webcast live and available for viewing 90 days following the event.
  • Registration and viewing are available at: https://sidoti.zoom.us/webinar/register/WN_Zy4N7u47Szy5jmEPKKYRnw .\nFlexsteel Industries, Inc. and Subsidiaries (the \xe2\x80\x9cCompany\xe2\x80\x9d) is one of the largest manufacturers, importers and online marketers of furniture products in the United States.
  • A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name \xe2\x80\x9cFlexsteel\xe2\x80\x9d is derived.
  • The Company distributes its products throughout the United States through its eCommerce channel and direct sales force.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005902/en/\n'

nVent Receives Highest Honor at Fifth Annual Dow Safety Excellence Awards

Thursday, May 13, 2021 - 7:11pm

b"nVent Electric plc (NYSE:NVT) (\xe2\x80\x9cnVent\xe2\x80\x9d), a global leader in electrical connection and protection solutions, today announced the nVent Thermal Management Houston team earned the Dow Diamond Award\xe2\x80\x94the highest possible honor\xe2\x80\x94at the fifth Annual Dow Safety Excellence Awards ceremony.

Key Points: 
  • b"nVent Electric plc (NYSE:NVT) (\xe2\x80\x9cnVent\xe2\x80\x9d), a global leader in electrical connection and protection solutions, today announced the nVent Thermal Management Houston team earned the Dow Diamond Award\xe2\x80\x94the highest possible honor\xe2\x80\x94at the fifth Annual Dow Safety Excellence Awards ceremony.
  • \xe2\x80\x9cWe are proud of our Houston team for their hard work, dedication and continued commitment to safety as they adapted to unprecedented circumstances.
  • This recognition reflects the continual efforts of every Houston team member acting as a steward of safety at nVent.
  • Dow selected nVent from several contractors in the technical group, where nominees earn bronze, silver, gold or \xe2\x80\x9cbest in class\xe2\x80\x9d awards.

Hexcel To Build New Center of Excellence for Advanced Composites Innovation in Utah

Thursday, May 13, 2021 - 7:30pm

\xe2\x80\x9cTheir decision to grow here will create many high-paying jobs for Utahns in skilled science and advanced technology.

Key Points: 
  • \xe2\x80\x9cTheir decision to grow here will create many high-paying jobs for Utahns in skilled science and advanced technology.
  • This new R&T center will be the company\xe2\x80\x99s largest center for innovation and product development in North America and a showcase for the company\xe2\x80\x99s advanced composites technology, providing space for future growth and expansion in the years ahead.
  • The company\xe2\x80\x99s existing operations in West Valley City include its largest high-performance carbon fiber manufacturing facility in the world.
  • \xe2\x80\x9cThis expansion represents a long-term commitment by Hexcel, which includes great employment opportunities as well as joint long-term economic outcomes.

Fuel Tech Announces Annual Meeting of Stockholders

Thursday, May 13, 2021 - 9:15pm

Interested parties may call into the annual meeting by using the dial-in information shown below.

Key Points: 
  • Interested parties may call into the annual meeting by using the dial-in information shown below.
  • However, the Company expects that the meeting will be briefer than normal and be limited to the items to be voted on at the annual meeting.
  • A copy may be obtained free of charge at www.sec.gov\nDial-In Information for Fuel Tech, Inc.
  • Annual Meeting of Stockholders:\nPlease dial in using your phone.\nFuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services.