OEM

FOMO WORLDWIDE SIGNS DEFINITIVE PURCHASE AGREEMENT WITH ECOCHEM ALTERNATIVE FUELS NORTH AMERICA; ENGAGED FOR REST OF WORLD AS MASTER AGENT

Retrieved on: 
Wednesday, April 3, 2024
Certification, Longevity, Projection, FOMO, Environment, Partnership, Federation, Gasoline, Tier 1, K12, IPO, Carbon, NSF, OEM, EPA, IP

The Company strives to bridge the growing gap between the demands of modern high-efficiency engines and increasingly compromised conventional fuel supplies.

Key Points: 
  • The Company strives to bridge the growing gap between the demands of modern high-efficiency engines and increasingly compromised conventional fuel supplies.
  • We have also executed a Master Agent Agreement to represent EcoChem worldwide, which paves the way for additional upside through licensing, joint ventures, or other strategic arrangements.
  • It’s a real game changer for FOMO WORLDWIDE as we enter a new chapter.
  • Stay tuned as we prepare to close this transaction within the next two weeks.”
    EcoChem Alternative Fuels LLC Presentation Deck with Y1-Y2-Y3-Y4-Y5 Projections Available Here:

Blackboxstocks Acquisition Target Evtec Reports Revenue Increased 115% in FY2023 Projects $52 Million for FY2024

Retrieved on: 
Tuesday, April 2, 2024
Aston, EV, Pressure, Growth, Aluminium, FY, Social media, Acquisition, Ford, OEM, McLaren (surname), Jaguar Land Rover, Engineering

Revenue for the twelve months of FY 2023 reached $30.9 million compared to $14.4 million for FY2022 ended June 30, 2022, an increase of 115%.

Key Points: 
  • Revenue for the twelve months of FY 2023 reached $30.9 million compared to $14.4 million for FY2022 ended June 30, 2022, an increase of 115%.
  • Revenue for the first half of fiscal 2024 was $21.3 million, an increase of 53% compared to $13.9 million for the first half of fiscal 2023, ended December 31, 2022.
  • Total projected revenue for FY 2024 ending June 30, 2024, is expected to increase approximately $21 million to $52 million.
  • Evtec Aluminum Limited (Evtec) has established itself as one of the leading OEM suppliers in the UK across the automotive, emobility, marine and power train sectors.

AMPURE, Formerly Webasto Charging Systems, and Transom Capital Group: Pioneering the Future of Electric Vehicle and Industrial Charging

Retrieved on: 
Tuesday, April 2, 2024
EV, CPO, ESG, Acquisition, Software, OEM, Ecosystem, Airport, Webasto, Transom, Kirkland & Ellis, Financial services

Webasto Charging Solutions is a leading provider of electric vehicle and industrial charging products and services.

Key Points: 
  • Webasto Charging Solutions is a leading provider of electric vehicle and industrial charging products and services.
  • Transom is acquiring a majority stake in the business and Webasto will remain a minority shareholder.
  • Ampure has an unwavering commitment to accelerating the transition to electromobility by defining the landscape of innovative and reliable charging for electric and industrial vehicles.
  • Transom Capital Group’s strategic investment underscores its steadfast confidence in Ampure to generate substantial value in the expanding electric vehicle charging ecosystem.

Power Solutions International’s new website now online

Retrieved on: 
Tuesday, April 2, 2024
OTC Markets Group, WOOD, OEM, Request for quote, PSI, Engineering, System, Online shopping

WOOD DALE, Ill., April 02, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“PSI” or “the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified engines and power systems, is excited to announce the launch of its new website.

Key Points: 
  • WOOD DALE, Ill., April 02, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (“PSI” or “the Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified engines and power systems, is excited to announce the launch of its new website.
  • The new site features a refreshed modern design and user-friendly navigation, allowing visitors to easily access information about our company, services and full range of engine and power systems products.
  • The new site is fully aligned with our mission and values, and is compliant with U.S. and European Union data privacy regulations.
  • An online fillable Request For Quote form is available for you to gather information about our engine applications.

NEXEN Tire expands its original equipment portfolio line for premium quality N’FERA SPORT tires

Retrieved on: 
Tuesday, April 2, 2024
Mercedes-Benz E-Class, ADAC, Nexen Tire, Auto Bild, OEM, Drainage, R18, XL

SEOUL, South Korea, April 02, 2024 (GLOBE NEWSWIRE) -- NEXEN Tire, a leading global tire manufacturer, announced its OEM approval for the latest model of the 11th generation of the Mercedes-Benz E-Class, which is provided for use on vehicles sold worldwide.

Key Points: 
  • The N'FERA SPORT is a European premium sports tire manufactured at NEXEN Tire’s European plant.
  • It provides excellent drainage performance with a 3+1 wide groove and an asymmetric pattern suitable for high-speed driving, demonstrating excellent performance on wet and dry roads.
  • It also took the main prize in the product design category of the "Red Dot Design Awards" in Germany.
  • NEXEN Tire is supplying its N'FERA SPORT tires in size 225/55 R18 102Y XL.

Syntec Optics (Nasdaq: OPTX) Secures New Optics Order for Defense Head-Up Microdisplays

Retrieved on: 
Monday, April 1, 2024
OLED, Electronics, OEM, Original equipment manufacturer

These new orders add to orders received for other versions of microdisplay optics already in production.

Key Points: 
  • These new orders add to orders received for other versions of microdisplay optics already in production.
  • “I am excited to see how the Syntec Optics team is unique in producing lightweight freeform using advanced manufacturing techniques,” said Sara Hart, Sales Director of Syntec Optics.
  • Freeform prisms require intricate manufacturing techniques, and making them lightweight needs cutting-edge technology,” said Beth Blood, Program Manager at Syntec Optics.
  • US defense is actively fielding optical systems with advanced visualization techniques, requiring multiple orders of lightweight freeform prisms.

Shapeways Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Shapeways, Growth, Environment, Webcast, Sale, Software, CNC, OEM, MFG, Robotics, Traction

NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW) (“Shapeways” or the “Company”), a leader in the large and fast-growing digital manufacturing industry, announced its results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW) (“Shapeways” or the “Company”), a leader in the large and fast-growing digital manufacturing industry, announced its results for the fourth quarter and year ended December 31, 2023.
  • “Throughout 2023 we focused on executing our key strategic objectives of expanding our enterprise and software businesses,” said Greg Kress, Shapeways’ Chief Executive Officer.
  • To align with this backdrop, we have implemented a number of cost-reduction initiatives, including reductions in force completed in the fourth quarter of 2023, a reduction of new hires, and a reduction in non-critical capital and discretionary operating expenditures.
  • This online quoting portal allows seamless access for CNC customers and enhances Shapeways’ robust suite of enterprise manufacturing solutions.

TSS, Inc. Reports Fourth Quarter And Fiscal 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Growth, TSS, Webcast, Software, TSSI, OEM, Investment, ID, Calendar, Video game

Fourth quarter 2023 revenue of $24.4 million compared with $10.9 million in the fourth quarter of 2022.

Key Points: 
  • Fourth quarter 2023 revenue of $24.4 million compared with $10.9 million in the fourth quarter of 2022.
  • Procurement revenues were $20.8 million in the fourth quarter of 2023 compared to $7.6 million in the fourth quarter of 2022.
  • Operating income of $725,000 in the fourth quarter of 2023 compared to an operating loss of $723,000 in the fourth quarter of 2022.
  • Adjusted EBITDA of $923,000 in the fourth quarter of 2023 compared with Adjusted EBITDA loss of $491,000 in the fourth quarter of 2022.

Expion360 Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 28, 2024
Recreational vehicle, Entrepreneurship, Lithium iron phosphate, Webcast, Small business, OEM, IP, Lithium, Safety, Marketing, LP, GC2

REDMOND, Ore., March 28, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • REDMOND, Ore., March 28, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today reported its financial and operational results for the fourth quarter and full year ended December 31, 2023.
  • "The fourth quarter and full year 2023 was highlighted by continued momentum for our existing product line, new product development and launches, and additional operating liquidity,” said Brian Schaffner, Chief Executive Officer of Expion360.
  • “Fourth quarter sales continued to be impacted by the battery business for RVs and the lower sales of such vehicles industry wide.
  • Revenue in the fourth quarter of 2023 totaled $0.9 million, down 40% from $1.4 million in the prior year period.

Hammond Power Solutions Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Wednesday, March 27, 2024
Income tax, CFO, EV, HPS, Tax, OEM, Growth, Mining, Video game

GUELPH, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the fourth quarter 2023.

Key Points: 
  • The Company’s December 31, 2023 backlog increased by 19.9% as compared to December 31, 2022 and has decreased 3.2% from Quarter 3, 2023.
  • On a percentage-of-sales basis, total selling and distribution expenses decreased to 10.7% of sales for 2023 from 11.1% in 2022.
  • 2023 earnings before income taxes were $83,994 as compared to earnings of $57,169 in 2022 – growing by $26,825 or 46.9%.
  • Basic earnings per share were $1.68 for Quarter 4, 2023 versus $1.55 in Quarter 4, 2022, an increase of $0.13.