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Corvette E-Ray with Carbon Revolution Wheels Wins The Drive’s Best Performance Car of 2023 Award

Retrieved on:

Wednesday, March 20, 2024

The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.

Key Points:

The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.
“The General Motors Corvette Z06 and ZR1 have been some of Carbon Revolution’s most successful high-volume programs.
We expect that given the recent performance awards for the E-Ray, this program will continue the trend of success,” said Jake Dingle, CEO of Carbon Revolution.
The E-Ray’s optional five-spoke carbon fiber wheels, made by Carbon Revolution, cut 41 pounds from the Corvette’s unsprung, rotational curb weight compared with the forged aluminum option.

Carbon Revolution Appoints Chris Recktenwald to Lead Strategic Procurement and Supply Chain

Retrieved on:

Thursday, February 8, 2024

Carbon, Growth, OEM, Corporate average fuel economy, Interior (topology), General Motors, Ford Motor Company, EV, Jaguar Land Rover, NHTSA, CAFE, PRTM, Original equipment manufacturer, Ford, PwC, Renewable energy

GEELONG, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber automotive wheels, today announced the appointment of Chris Recktenwald as Vice President, Procurement and Supply Chain, to lead strategic procurement and supply chain initiatives for Carbon Revolution globally.

Key Points:

GEELONG, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber automotive wheels, today announced the appointment of Chris Recktenwald as Vice President, Procurement and Supply Chain, to lead strategic procurement and supply chain initiatives for Carbon Revolution globally.
Before joining Carbon Revolution, Recktenwald held multiple senior positions over his 10 years at Ford Motor Company, including, most recently, Global Director, Exterior and Structural Systems Purchasing.
Recktenwald also brings experience as the head of Purchasing and Supplier Quality for Ford of Mexico, where he was instrumental in establishing supply chain networks and purchasing organizations.
“Chris will play a critical leading role as we look to further expand our growing footprint among global auto OEMs,” said Jake Dingle, CEO of Carbon Revolution.

Roger Williams University Announces Endowed Faculty Professorships

Retrieved on:

Thursday, January 25, 2024

Student, Family, Learning, CAFE, CFOS, Business, GAMCO Investors, RWU, Yeaton

BRISTOL, R.I., Jan. 25, 2024 /PRNewswire/ -- Roger Williams University (RWU) has received a grant of $3 million to make four matching gifts to launch endowed professorships in the Mario J. Gabelli School of Business .

Key Points:

BRISTOL, R.I., Jan. 25, 2024 /PRNewswire/ -- Roger Williams University (RWU) has received a grant of $3 million to make four matching gifts to launch endowed professorships in the Mario J. Gabelli School of Business .
"This endowed professorship recognizes the outstanding achievements of Roger Williams University Gabelli School of Business faculty," said Mario J. Gabelli, investor and chairman and CEO of GAMCO Investors, Inc. "Under the leadership of Dean Diya Das, the business school will continue to grow as a business education leader and support centers of excellence."
"The Center for Advanced Financial Education is an outstanding example of Roger Williams University's commitment to preparing students through real-world education and powerful combinations of learning and hands-on experiences.
RWU will announce additional endowed professorships at the Gabelli School of Business in the years ahead.

Certified Age-Friendly Employer (CAFE) Program Expands Globally, Adding Employers In North America, Europe, South America and Australia

Retrieved on:

Monday, January 22, 2024

Commonwealth Bank, Employment, CAFE, Certification, Health, CBA, Workplace, Work, HR, Longevity, Organization, Tourism, Nursing

Commonwealth Bank of Australia (CBA) became the first Australian organization to earn this distinction, while Eaton became the first in Mexico.

Key Points:

Commonwealth Bank of Australia (CBA) became the first Australian organization to earn this distinction, while Eaton became the first in Mexico.
As employers, CBA and Eaton have demonstrated that they deeply value the contributions of older adults, and today's designations affirm that approach."
There are hundreds of employers in the program across all industries, including both the private and public sectors.
Affiliates and referral partners in Canada, Brazil and New Jersey are rapidly expanding employer participation in the program in their areas as well.

Carbon Revolution plc Wheel Production More Than Tripled in Q4 CY2023 from Previous Year Quarter

Retrieved on:

Tuesday, January 9, 2024

Carbon, General Motors, NHTSA, Jaguar Land Rover, Corporate average fuel economy, OEM, CAFE, Original equipment manufacturer, EV, Calendar, Ford Motor Company

GEELONG, Australia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”) a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced today that wheel production, as measured by wheels boxed for shipment, more than tripled in Q4 CY2023 from the year ago period and rose 84% in the second half of CY23 versus the previous half as the Company made strong progress ramping Mega-line capacity and throughput.

Key Points:

To fulfill the growing demand from Carbon Revolution’s OEM customers, capacity and throughput of the Company’s manufacturing facility grew steadily quarter on quarter during calendar 2023.
The Company achieved record production in the 2nd calendar half of just under 13,000 wheels.
Production in the 4th calendar quarter was also a record at 7,100 wheels.
As the global automotive industry shifts to electric power and other sustainable alternatives to fossil-fuel-based engines, Carbon Revolution is well positioned to capture OEM demand for weight-saving efficiency technologies.

Carbon Revolution plc Awarded Program by Premium Brand of Major German Automaker

Retrieved on:

Monday, December 4, 2023

Carbon, OEM, EVS, Ford Motor Company, NHTSA, Jaguar Land Rover, CAFE, Original equipment manufacturer, General Motors, Corporate average fuel economy, EV, Automotive industry

GEELONG, Australia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”) a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced today that it has been awarded a program by a premium brand of a major German automaker, one of two previously announced OEM wheel programs awarded in recent months.

Key Points:

GEELONG, Australia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”) a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced today that it has been awarded a program by a premium brand of a major German automaker, one of two previously announced OEM wheel programs awarded in recent months.
“We are very excited to expand our reach with this strategically important German OEM,” said Carbon Revolution CEO Jake Dingle.
"We believe this is a testament to the strength and value proposition of our technology.
Carbon Revolution is well positioned to capture OEM demand for weight-saving efficiency technologies.

Carbon Revolution plc Begins Trading Today on Nasdaq Under the Symbol “CREV”

Retrieved on:

Friday, November 3, 2023

GEELONG, Australia, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc, parent of Carbon Revolution Limited (the “Company” or “Carbon Revolution”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced that its stock will begin trading today on Nasdaq under the symbol “CREV” following the business combination of the Company with Twin Ridge Capital Acquisition Corp. (“Twin Ridge”) today.

Key Points:

GEELONG, Australia, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc, parent of Carbon Revolution Limited (the “Company” or “Carbon Revolution”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced that its stock will begin trading today on Nasdaq under the symbol “CREV” following the business combination of the Company with Twin Ridge Capital Acquisition Corp. (“Twin Ridge”) today.
“We have come a long way over the last decade in developing and then further expanding the global footprint of our carbon fiber wheel technology, and we’re just getting started,” said Jake Dingle, CEO of Carbon Revolution plc.
“Today is a big day for Carbon Revolution as it begins to trade in the U.S. market,” said Bill Toler, Chairman of Twin Ridge.
Carbon Revolution has strong operating momentum having had a record sales quarter from July to September, with 24% growth over the prior quarter.

Mullen Automotive Announces Appointment of Marianne McInerney as Chief Strategy Officer

Retrieved on:

Monday, October 9, 2023

BREA, Calif., Oct. 09, 2023 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the appointment of Marianne McInerney as Chief Strategy Officer.

Key Points:

BREA, Calif., Oct. 09, 2023 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today the appointment of Marianne McInerney as Chief Strategy Officer.
Prior to Mullen, McInerney held key roles at next-generation vehicle OEMs, the U.S. Department of Transportation, and the American International Automobile Dealers Association.
McInerney served as Assistant Secretary and Director of Public Affairs for the U.S. Department of Transportation under Secretary Elaine L. Chao.
"Mullen is a strategically driven organization and its product line of advanced EVs for both commercial and consumer audiences are unrivaled," said McInerney, Chief Strategy Officer of Mullen Automotive.

Breakthrough Institute Highlights Critical Minerals' Role in Clean Transportation to Congress and Media

Retrieved on:

Thursday, September 28, 2023

The briefing highlighted some of the emerging challenges related to the United States’ shift toward clean energy and an increased adoption of electric vehicles (EVs).

Key Points:

The briefing highlighted some of the emerging challenges related to the United States’ shift toward clean energy and an increased adoption of electric vehicles (EVs).
Specifically, the emphasis was on the significant role of critical minerals and their broader implications for U.S. public policy.
Nunes' remarks highlight the looming challenges in achieving set EV adoption goals, underscoring the pertinence of the institute's report.
The research unveiled deep insights into the Environmental Protection Agency (EPA)'s new proposed rules, targeting an increase in nationwide EV sales.

Carbon Revolution Enters Into Structured Equity Facility For Up To US$110 Million With OIC

Retrieved on:

Monday, September 25, 2023

Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced that Carbon Revolution Public Company Limited, a public limited company incorporated in Ireland (“Carbon Revolution plc” or “MergeCo”) has entered into a Structured Equity Facility of up to US$110 million with two fund vehicles associated with Orion Infrastructure Capital (“OIC”), a leading infrastructure investment firm: OIC Structured Equity Fund I Range, LLC and OIC Structured Equity Fund I GPFA Range, LLC.

Key Points:

Carbon Revolution Limited (“Carbon Revolution” or the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced that Carbon Revolution Public Company Limited, a public limited company incorporated in Ireland (“Carbon Revolution plc” or “MergeCo”) has entered into a Structured Equity Facility of up to US$110 million with two fund vehicles associated with Orion Infrastructure Capital (“OIC”), a leading infrastructure investment firm: OIC Structured Equity Fund I Range, LLC and OIC Structured Equity Fund I GPFA Range, LLC.
The completion of this transaction will result in Carbon Revolution plc becoming the parent of Carbon Revolution and its subsidiaries and listing on an exchange in the United States.
The appointments become effective upon completion of the proposed combination with appointees serving on the Board of Directors of Carbon Revolution plc.
“OIC is excited to finalize our capital partnership with Carbon Revolution, which will support the Company’s growth plans and infrastructure expansion,” said Chris Leary, Investment Partner and Head of Infra Equity at OIC.