Pearson Yachts

Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.

Retrieved on: 
Tuesday, April 9, 2024
Electricity, General Cable, Tufts University, Mechanical engineering, Pearson Yachts, AES Corporation, Wind, Wellesley Municipal Light Plant, TPI

SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024.

Key Points: 
  • SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024.
  • TPI also announced that Philip Deutch and Linda Hudson were retiring from TPI’s Board of Directors, effective upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024.
  • Mr. Deutch and Ms. Hudson have served as directors since 2007 and 2020, respectively.
  • “We are excited to have Ned join our board,” said Bill Siwek, TPI’s President and CEO.

TPI Composites, Inc. Publishes its Annual Sustainability Report Reaffirming Its Commitments to a Zero-Harm Culture and Carbon Neutrality

Retrieved on: 
Thursday, March 28, 2024
Carbon, Inclusion, Culture, LTIR, Growth, Pearson Yachts, IDEA, Wind, TPI, Supply chain, Safety, PPA, Total Recordable Incident Rate, Renewable energy

SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts related to sustainability.

Key Points: 
  • SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts related to sustainability.
  • We formally established our sustainability program in 2019, and I remain proud of our associates’ continued engagement in this important work.
  • Exceeded our safety goals, achieving a Total Recordable Incident Rate (TRIR) of 0.21 and Lost Time Incident Rate (LTIR) of 0.10.
  • Supply Chain: Enhanced collaboration with suppliers by securing commitments from 96% of critical direct material suppliers to align with TPI's sustainability goals.

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024

Retrieved on: 
Thursday, February 22, 2024
Interest, Investment, Senior, Bankruptcy, Capital expenditure, Pearson Yachts, Public expenditure, Cryptocurrency

Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.

Key Points: 
  • Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.
  • Number of wind blade manufacturing lines installed and either in operation, startup or transition during the period.
  • Net cash used in operating activities for the year ended December 31, 2023, was $81.0 million compared to $62.3 million in 2022.
  • Capital expenditures were $36.1 million for the year ended December 31, 2023, as compared to $18.8 million in 2022.

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Thursday, February 1, 2024
Pearson Yachts, Eastern Time Zone

The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180.

Key Points: 
  • The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180.
  • A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.
  • Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company’s website at www.tpicomposites.com .
  • The online replay will be available for a limited time beginning immediately following the call.

TPI and GE Vernova Expand Contract in Mexico 

Retrieved on: 
Thursday, January 11, 2024
Partnership, Pearson Yachts, Wind, Global sourcing, TPI, General Electric, Renewable energy

SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today the signing of its expanded supply agreements with GE Vernova in Mexico with additional production lines in a third facility within TPI’s Juarez campus to manufacture GE Vernova’s “workhorse” wind turbine blade for the US market.

Key Points: 
  • SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today the signing of its expanded supply agreements with GE Vernova in Mexico with additional production lines in a third facility within TPI’s Juarez campus to manufacture GE Vernova’s “workhorse” wind turbine blade for the US market.
  • “This expansion of our partnership supports GE Vernova’s ability to competitively serve the US market and represents a new level of technical collaboration between our teams for the launch of GE Vernova’s latest blade design,” said Bill Siwek, President and CEO of TPI.
  • Guy Lynch, Executive Director of Global Sourcing at GE Vernova Onshore Wind said, “GE Vernova has a long-standing partnership with TPI in Juarez, producing wind turbine blades for the US market.
  • This expansion of our partnership enables GE Vernova to best serve our customers who are delivering the future of renewable energy.”
    TPI has manufactured wind blades for GE Vernova since 2008.

TPI and Nordex Extend and Expand Contract in Türkiye

Retrieved on: 
Tuesday, December 19, 2023
Wind, Pearson Yachts, TPI

SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye.

Key Points: 
  • SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye.
  • Under the terms of the amended agreements, TPI will add two lines of manufacturing capacity bringing the total capacity under contract in Türkiye with Nordex to eight lines serving domestic and export market needs.
  • “We are pleased to announce this expansion of our relationship with Nordex in Türkiye building on our strong collaboration over the past ten years and delivering cost-effective solutions to serve Nordex’s wider European market needs, including Türkiye,” said Bill Siwek, President and CEO of TPI.
  • TPI has manufactured wind blades for Nordex in Türkiye since 2013.

TPI Composites, Inc. Announces Refinancing Transaction with Oaktree, Significantly Strengthening Company’s Liquidity Position and Enhancing Financial Flexibility

Retrieved on: 
Thursday, December 14, 2023
Oliver Cromwell, Senior, Agreement, Oaktree Capital Management, Wind, Pearson Yachts, Lazard, Sullivan & Cromwell, Growth, Security (finance), TPI

SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC) (“TPI” or “the Company”) announced today that it has entered into a binding agreement (the “Agreement”) with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to refinance Oaktree’s outstanding Series A Preferred Stock holdings in the Company. The refinancing closed concurrently with the execution of the Agreement.

Key Points: 
  • The refinancing closed concurrently with the execution of the Agreement.
  • Including Oaktree’s existing common equity position in TPI, Oaktree holds 9.9% of TPI’s common equity on a pro forma basis.
  • In connection with this refinancing, the maturity of the term loan was extended to March 31, 2027, from November 22, 2026, the optional redemption date for the Series A Preferred Stock.
  • Goodwin Procter LLP acted as TPI’s legal advisor and Sullivan & Cromwell LLP acted as Oaktree’s legal advisor.

EDP Renewables North America Launches the Close the Loop Program

Retrieved on: 
Tuesday, December 12, 2023
Entrepreneurship, Recycling, Government, Ally Energy, EDP, EDP Group, Biophysical environment, Globalization, ISO 9001, Business, Loop, ESG, NREL, EDP Renováveis, Pearson Yachts, EDP Renewables North America, ERI, Electronics, ISO, Certification, Environment, COP28, Partnership, CSA, Wind, Business development, EDPR, Renewable energy

The announcement comes on the heels of EDPR NA’s partnership with SOLARCYCLE , an advanced technology-based solar recycling company, alongside continuing work with 18 additional leaders in the recycling services sector throughout North America.

Key Points: 
  • The announcement comes on the heels of EDPR NA’s partnership with SOLARCYCLE , an advanced technology-based solar recycling company, alongside continuing work with 18 additional leaders in the recycling services sector throughout North America.
  • “As an innovative solar recycling company with industry-leading technology that can recycle and recover over 95% of the valuable material from a solar panel, we are thrilled that EDP Renewables North America has chosen SOLARCYCLE as a top, trusted partner for its new Close the Loop Program,” said Suvi Sharma, CEO and Co-Founder of SOLARCYCLE.
  • “We’re excited to be ending the year focusing on tackling one of the key challenges our industry has had to date – namely the sustainability practices associated with recycling of materials during and post-construction of renewables projects,” stated Sandhya Ganapathy, CEO of EDP Renewables North America.
  • Janette Freeman, Director of Business Development at Fabtech Solar Solutions added, “We’re looking forward to our continued collaboration with EDP Renewables North America on the launch of their Close the Loop Program in supporting a truly circular economy focused on recycling.

TPI Composites, Inc. Appoints Charles Stroo as Chief Operating Officer, Wind

Retrieved on: 
Monday, November 27, 2023
Collins Aerospace, Business administration, Science, St. Ambrose University, Pearson Yachts, Electricity, Iowa State University, TPI, Management

SCOTTSDALE, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has appointed Charles (Chuck) Stroo as Chief Operating Officer, Wind, effective November 27, 2023.

Key Points: 
  • SCOTTSDALE, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), announced today that it has appointed Charles (Chuck) Stroo as Chief Operating Officer, Wind, effective November 27, 2023.
  • In his role, Chuck will lead TPI’s global wind manufacturing operations.
  • Prior to joining TPI, Chuck served in multiple, global operational roles at Collins Aerospace, most recently as Vice President of Power & Controls Operations.
  • Chuck’s broad-based, global operational background will help us continue to focus on operating our business efficiently in a challenging macro environment and position TPI for long term, profitable growth.”

TPI Composites, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call

Retrieved on: 
Thursday, October 12, 2023
Eastern Time Zone, Pearson Yachts

SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2023 results after the market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 12, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2023 results after the market close on Thursday, November 2, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.
  • The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180.
  • A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.
  • The replay will be available until November 9, 2023.