OEM

EQS-News: SIXT grows by 18% to record revenue in 2023 and achieves second-best result in the company’s history

Retrieved on: 
Wednesday, March 13, 2024

Pullach, 1 March 2024 – SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.

Key Points: 
  • Pullach, 1 March 2024 – SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.
  • Alexander Sixt, Co-CEO of Sixt SE: “Thanks to our customers’ trust in us and our employees’ excellent work, we were able to once more achieve a record revenue and have obtained the second-best yearly result in our company’s history.
  • We reached our ambitious goals in 2023, both in terms of our business figures and implementation of our strategy.
  • According to SIXT’s estimates, the lower demand compared to combustion engines resulted in a substantial loss of revenue.

Pacific Avenue Capital Partners Has Announced the Signing of a Put Option Agreement to Acquire Purflux, Currently Operating as the Filtration Business Unit of Sogefi S.p.A.

Retrieved on: 
Wednesday, March 6, 2024

The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment ("OE") customers globally.

Key Points: 
  • The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment ("OE") customers globally.
  • In 2023, the Company generated over $600 million of revenue and more than $100 million of adjusted EBITDA.
  • The sale and purchase agreement signing can take place after the France works counsel consultation process is complete and the put option agreement is exercised by Sogefi.
  • Pacific Avenue has positioned itself as a trusted partner to corporate sellers globally ensuring seamless transitions regardless of transaction complexity."

Hesai Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Monday, March 11, 2024

SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2023.

Key Points: 
  • Q4 2023 Total lidar shipments were 87,736 units, representing an increase of 84.6% from 47,515 units in the corresponding period of 2022.
  • “2023 was another record year for Hesai as we continued to substantially outperform our lidar peers and extend our leading market share.
  • We delivered stellar full-year financial and operational results, including robust revenue growth, soaring shipments and solid blended gross margin, all surpassing our prior expectations.
  • We expect the third and fourth quarters orders to jump even further to about 200,000 units per quarter, a 4x increase from our expected first quarter shipments.

MOBILEYE INVESTOR ALERT: Kirby McInerney LLP Alerts Mobileye Global Inc. (MBLY) Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

Retrieved on: 
Friday, March 8, 2024

The lawsuit alleges that Mobileye made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.

Key Points: 
  • The lawsuit alleges that Mobileye made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • Additional information about the firm can be found at Kirby McInerney LLP’s website: https://www.kmllp.com .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Carbon Revolution to Attend Sidoti Small-Cap Virtual Conference on March 13-14, 2024

Retrieved on: 
Friday, March 8, 2024

Management will present on Wednesday, March 13, 2024, at 4:00 PM ET/ 1:00 PM PT and host virtual one-on-one meetings on both days.

Key Points: 
  • Management will present on Wednesday, March 13, 2024, at 4:00 PM ET/ 1:00 PM PT and host virtual one-on-one meetings on both days.
  • Daniel Zlotnitsky, Carbon Revolution’s Head of Investor Relations, will follow with an additional presentation.
  • The March Small-Cap Virtual Conference is one of Sidoti’s longest-running annual events and is the most well-attended.
  • This strong sales performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.

Clarus Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

SALT LAKE CITY, March 07, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Selling, general and administrative expenses in the fourth quarter were $30.7 million compared to $29.9 million in the same year‐ago quarter.
  • Capital expenditures in the fourth quarter of 2023 were $1.2 million compared to $2.0 million in the prior year quarter.
  • Free cash flow for the fourth quarter of 2023 was $13.3 million compared to $30.3 million in the prior year quarter.
  • The Company will hold a conference call today at 5:00 p.m. Eastern time to discuss its fourth quarter 2023 results.

Unplugged Performance Unveils the UP-05 Forged Wheel, Bringing Hypercar DNA to Teslas

Retrieved on: 
Thursday, March 7, 2024

HAWTHORNE, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Unplugged Performance, the renowned global leader in high-performance aftermarket upgrades for Tesla vehicles, is proud to announce the official unveiling of the Unplugged Performance UP-05 forged wheel.

Key Points: 
  • HAWTHORNE, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Unplugged Performance, the renowned global leader in high-performance aftermarket upgrades for Tesla vehicles, is proud to announce the official unveiling of the Unplugged Performance UP-05 forged wheel.
  • This groundbreaking wheel represents a collaboration between Unplugged Performance and hypercar designer Sasha Selipanov, delivering an unparalleled blend of style and performance tailored specifically for Tesla vehicles.
  • Designed to infuse Teslas with hypercar DNA, the UP-05 boasts a unique and timeless design that seamlessly merges elegance with aggressive performance.
  • This wheel is the perfect fusion of hypercar design DNA paired with UP’s renown performance and durability found on all UP forged wheels."

Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.

Retrieved on: 
Thursday, March 7, 2024

Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.

Key Points: 
  • Further, in future partnerships with EV manufacturers, the SOLIS Cover itself can provide additional electric driving range and charging capabilities directly from the sun.
  • Worksport currently has open conversations with multiple OEM vehicle brands and has previously announced the production of prototypes for Hyundai.
  • Fitment of the Worksport SOLIS with the Tesla Cybertruck is yet to be determined, but possible.
  • For more information about Worksport Ltd., the SOLIS Solar Cover, and the COR Battery System, please visit investor.worksport.com/press-releases/ .

HP Unveils Industry’s Largest Portfolio of AI PCs

Retrieved on: 
Thursday, March 7, 2024

LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today announced the industry’s largest portfolio of AI PCs1 leveraging the power of AI to enhance productivity, creativity, and user experiences in hybrid work settings.

Key Points: 
  • HP introduces the industry’s largest portfolio of AI PCs1, featuring new HP Elite PCs, the world’s most advanced business laptops for collaboration,2 and Z by HP mobile workstations to unlock new levels of productivity and creativity.
  • HP announces the AI Creation Center, the world’s most comprehensive workstation solution for AI development3, including Z by HP AI Studio co-engineered with NVIDIA NGC libraries, enabling AI creation.
  • HP now has the largest portfolio of Intel® and AMD-based AI PCs14, demonstrating a commitment to innovation and performance.
  • Accelerate data science capabilities with the HP AI Creation Center, including Z by HP AI Studio
    HP is accelerating the AI era with customized data science solutions.

Motiv Power Systems Delivers 5 Electric Step Vans to Shasta Linen Supply

Retrieved on: 
Thursday, March 7, 2024

Shasta is paving the way as California-based companies begin to transition to electric in accordance with the state’s Advanced Clean Fleet (ACF) regulation.

Key Points: 
  • Shasta is paving the way as California-based companies begin to transition to electric in accordance with the state’s Advanced Clean Fleet (ACF) regulation.
  • ACF requires fleets to have 50% of their vehicles be all-electric by 2031, and Shasta’s five Motiv trucks now make up half of their fleet — establishing Motiv Power Systems as the electric truck OEM partner of choice.
  • “Community and sustainability go hand-in-hand for the team here at Shasta — and electrifying our fleet with the Motiv vehicles brings us one step closer to cultivating a cleaner and greener environment,” said Noël Hammer Richardson, President and CEO of Shasta Linen Supply.
  • Motiv rose to that challenge, and our partnership with Shasta Linen Supply has proven that the shift to EVs can be seamless when done right,” said Jim Castalez, Founder and Chief Technology and Revenue Officer of Motiv Power Systems.