OEM

Core Health & Fitness Overcomes Supply Chain Challenges with Redwood Logistics’ Innovative Integrated Solutions

Retrieved on: 
Wednesday, February 28, 2024

Core Health & Fitness selected Redwood to deliver end-to-end visibility via a fully integrated solution, enhancing its global manufacturing supply chain.

Key Points: 
  • Core Health & Fitness selected Redwood to deliver end-to-end visibility via a fully integrated solution, enhancing its global manufacturing supply chain.
  • With a firm commitment to enhancing the customer experience during this time, Core Health & Fitness sought a logistics partner with staying power.
  • "Our partnership with Redwood Logistics has been instrumental in overcoming the supply chain challenges brought forth by the pandemic," said Ken Eastman, Chief Information Officer, Core Health & Fitness.
  • Redwood delivered a unique combination of logistics execution and supply chain technology to improve overall business processes, service, and experience for Core Health & Fitness customers and internal stakeholders.

“It’s Been Off The Chart” – Demand For Carbon Revolution’s World-First Range Rover 23-Inch Carbon Fiber Wheels Hits Unprecedented Levels

Retrieved on: 
Wednesday, February 28, 2024

GEELONG, Australia, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that half of the 2025 Range Rover Sport SVs sold in the United States have been optionally equipped with Carbon Revolution’s carbon fiber wheels.

Key Points: 
  • GEELONG, Australia, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that half of the 2025 Range Rover Sport SVs sold in the United States have been optionally equipped with Carbon Revolution’s carbon fiber wheels.
  • This represents a massive take-up rate for Carbon Revolution’s world-first 23-inch carbon fiber wheels and demonstrates strong consumer preference for the Company’s disruptive lightweight technology.
  • As Road & Track’s Mike Duff writes , half of the Edition One Range Rover Sport SVs sold in North America have been equipped with Carbon Revolution’s wheels.
  • Speaking with Car Throttle’s Matt Robinson, JLR SV brand director Jamal Hameedi said, “We are building the carbon wheels as fast as we can,” adding that demand for Carbon Revolution’s wheels “has been off the chart.”

ECARX Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, February 28, 2024

SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.

Key Points: 
  • SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.
  • “ECARX closed out 2023 on a high note, delivering a 31% year-over-year increase in revenues and significantly narrowing our net loss for the full year,” said ECARX Chairman and CEO Ziyu Shen.
  • Total cash of RMB588.2 million (US$82.8 million), including RMB27.1 million (US$3.8 million) in restricted cash, as of December 31, 2023.
  • Full Year 2023 Financial Results:
    On June 30, 2023, ECARX signed transaction agreements to increase its investment and took a controlling financial interest in JICA Intelligent Robotics Co., Ltd. (“JICA”), an entity under common control.

FOMO WORLDWIDE TO ACQUIRE ECOCHEM ALTERNATIVE FUELS; TO ENTER THE $1 TRILLION GLOBAL FUEL MARKET

Retrieved on: 
Tuesday, February 27, 2024

Said Joshua Koch, Founder of EcoChem: “Here at EcoChem, we’re in the business of redefining global infrastructure through intelligent technology.

Key Points: 
  • Said Joshua Koch, Founder of EcoChem: “Here at EcoChem, we’re in the business of redefining global infrastructure through intelligent technology.
  • Each Tier 1 fuel station provider, railway company, shipping operator, or military organization delivers and/or uses billions of gallons of fuel each year.
  • I cannot think of a more fitting birthday present than announcing our exciting move into the world’s premium fuel market.
  • It’s a real game changer.”
    EcoChem Alternative Fuels LLC Presentation Deck with Y1-Y2-Y3-Y4-Y5 Projections Available Here:
    For further information, please see the investor sponsored FOMO WORLDWIDE, INC.

Standard BioTools and Next Gen Diagnostics Announce Partnership to Provide Complete Automation of Low-Cost Pathogen Sequencing

Retrieved on: 
Monday, February 26, 2024

Under the exclusive agreement, Standard BioTools™ will manufacture the NGD-100, a version of its microfluidics-based Biomark™ X9 System customized for NGD and optimized for automated pathogen WGS library preparation.

Key Points: 
  • Under the exclusive agreement, Standard BioTools™ will manufacture the NGD-100, a version of its microfluidics-based Biomark™ X9 System customized for NGD and optimized for automated pathogen WGS library preparation.
  • These systems will enable the cost efficiencies, flexibility and proven analytical performance that laboratories need to meet the increasing demands of pathogen testing.
  • “Standard BioTools’ microfluidics technology represents over 20 years of continuous refinement,” commented Michael Egholm, President and CEO of Standard BioTools.
  • “We have worked closely with NGD to develop this strategic partnership between our companies,” noted Alex Kim, Chief Operating Officer of Standard BioTools.

Kirby McInerney LLP Reminds Mobileye Global Inc. (MBLY) Investors of Class Action Filing and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, February 26, 2024

Investors have until March 18, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until March 18, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • 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.

Mobileye Global (MBLY) Faces Securities Class Action After Revealing Customers’ Excess Inventories – Hagens Berman

Retrieved on: 
Friday, February 23, 2024

SAN FRANCISCO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Mobileye Global Inc. (NASDAQ: MBLY) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Mobileye Global Inc. (NASDAQ: MBLY) investors who suffered substantial losses to submit your losses now .
  • The truth emerged on Jan. 4, 2024, when Mobileye revealed that its OEM customers have excess inventories totaling 6-7 million units of EyeQ SoCs.
  • This news sent the price of Mobileye shares crashing $9.75 (or nearly 25%) lower on Jan. 4, 2024.
  • "We are investigating whether Mobileye may have misled investors about the true driver for its 2021-22 sales growth,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

Fox Factory Holding Corp. Reports Fourth Quarter and Fiscal 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

DULUTH, Ga., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 29, 2023.

Key Points: 
  • DULUTH, Ga., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today reported financial results for the fourth quarter and fiscal year ended December 29, 2023.
  • Gross margin was 27.7% for the fourth quarter of fiscal 2023, a 430 basis point decrease from gross margin of 32.0% in the fourth quarter of fiscal 2022.
  • Adjusted EBITDA in the fourth quarter of fiscal 2023 was $38.8 million, compared to $76.8 million in the fourth quarter of fiscal 2022.
  • Adjusted EBITDA margin in the fourth quarter of fiscal 2023 was 11.7%, compared to 18.8% in the fourth quarter of fiscal 2022.

Medigus: ParaZero Ramps Up Partnership with US-Based Autonomous Drone OEM Vayu Aerospace Corporation

Retrieved on: 
Thursday, February 22, 2024

Tel Aviv, Israel, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that on February 20, 2024 ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, (18.68% owned by Medigus), announced that it has expanded its collaboration with Vayu Aerospace Corporation ("Vayu"), a US-based drone original equipment manufacturer (OEM) and subsidiary of Alpine 4 Holdings (“Alpine 4”) (Nasdaq: ALPP).

Key Points: 
  • The two companies worked together over the past two years enhancing safety solutions for Vayu’s commercial and military vertical take-off and landing (VTOL) aircraft.
  • With this new collaboration, ParaZero will customize its SafeAir system to be integrated at the design stage of Vayu’s G-1MKII VTOL aircraft.
  • Boaz Shetzer, Chief Executive Officer of ParaZero commented, “We are glad to strengthen our partnership with Vayu, an innovator in autonomous drone technology.
  • The system cuts power to the drone, alerts people on the ground with an audible alarm, and deploys a lightweight parachute, bringing the drone down to the ground in a safe, controlled descent.

Motorq Partners with BMW Group to Deliver Powerful Insights to More Customers Worldwide

Retrieved on: 
Thursday, February 22, 2024

Motorq offers a fast and secure way to monitor and track BMW fleets through their Connected Vehicle Platform: this enables hardware-free access to BMW data at the source.

Key Points: 
  • Motorq offers a fast and secure way to monitor and track BMW fleets through their Connected Vehicle Platform: this enables hardware-free access to BMW data at the source.
  • "BMW Connected FleetData’s innovative vehicle insights add unprecedented value to their customers across Europe,” said Arun Rajagopalan, CEO and Co-Founder, Motorq.
  • “We're thrilled about the opportunity to serve BMW Connected FleetData and their customers via our connected vehicle insights."
  • BMW Connected FleetData and Motorq will work together to prioritize mission-critical vehicle insights that enable fleet efficiency and sustainability.