OIC

Carbon Revolution Announces Record Revenue Results for First Half 2024

Retrieved on: 
Tuesday, April 9, 2024
Carbon, Dark, Wheel, OIC, Negotiation, Range Rover, Z06, Corvette Z06, Range, Ford, OEM, Revolution, Corvette, Fiscal

GEELONG, Australia, April 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 automotive carbon fiber wheels, today announced fiscal first half 2024 results for the period ending December 31, 2023 (unaudited). First half revenue was up 107% over the same period last year and second quarter revenue was also up 177% year over year. Net loss for the half was US$38.2 million compared to US$19.2 million a year ago with transactions costs comprising US$12.1 million for this half.

Key Points: 
  • First half revenue was up 107% over the same period last year and second quarter revenue was also up 177% year over year.
  • Net loss for the half was US$38.2 million compared to US$19.2 million a year ago with transactions costs comprising US$12.1 million for this half.
  • Carbon Revolution is an early-stage growth company that is reliant on new capital until it reaches profitability and positive free cashflow.
  • “Carbon Revolution reported half year revenue in the fiscal first half of 2024, up 107% year-over-year to US$26.1 million, driven by increased demand from the Corvette Z06 program, and the launches of the Range Rover Sport SV and Ford Mustang Dark Horse programs” said Jake Dingle, CEO of Carbon Revolution.

Avangrid Submits Multiple Proposals for Transformative New England Wind Projects to Regional Offshore Wind Solicitation

Retrieved on: 
Wednesday, March 27, 2024
Environmental Policy, Utilities, Sustainability, Environmental Health, Alternative Energy, Energy, State, Local, Environment, Labor, Green Technology, Climate Change, Public Policy, Government, Biophysical environment, Davit, Climate, Salem Harbor, City, Wind, Carbon, RFP, Commerce, EJ, Vineyard, Project, Partnership, BGS, Education, ROD, Bureau, Tenant, Economic development, Project Labor Agreement, Workforce, Primary energy, Greater Bridgeport, Hand, Commonwealth, Electricity, OIC, Climate change, Organization, COP, Large, Brayton Point Power Station, Student, Climate change mitigation, SOV, Family, Economics, Port, Chamber, PLA, MOU, Construction, Natural Resources, Crowley Maritime, BPS, Edison Chouest Offshore, Town, Flood, Diversity, Environmental justice, Heart, Salem Port, Geography, AGR, Multimedia, Renewable energy

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today submitted multiple proposals for mature, transformative New England Wind projects to the Massachusetts-Connecticut-Rhode Island multi-state solicitation for offshore wind power.
  • Avangrid submitted a bid for New England Wind 1, a second bid for New England Wind 1 and 2 combined, and additional bids for single-state procurements in Massachusetts, Connecticut, and Rhode Island.
  • “In powering up the first-in-the-nation Vineyard Wind 1 project, Avangrid proved that American offshore wind is possible.
  • New England Wind 1 will create more than 4,400 full-time equivalent jobs, and bring $3 billion of direct investment to the region.

Carbon Revolution Announces Board Changes - Bob Lutz Appointed Chair of the Board

Retrieved on: 
Wednesday, February 21, 2024
Carbon, New product development, Marine Corps Expeditionary Medal, General Motors, Exide, OEM, Partnership, OIC, Ford Motor Company, Tier 1, University, Chairperson, Remuneration, Committee, Production management, Vice, Chair, Communication, Management

(Bob) Lutz will become Chair of the Board.

Key Points: 
  • (Bob) Lutz will become Chair of the Board.
  • Mr. Lutz said “I am excited to become Chair of the Board of Carbon Revolution at this transformative time when the Company is disrupting the global automotive wheel market with its unique lightweight carbon fiber composite wheel technology.
  • With the listing complete, James Douglas will step down as Chair and will retire from the Board.
  • Mr. Lutz has served as a director since November 2023 and brings to the Board significant board and executive experience in the automotive industry.

Pioneering Quantum Computing in the Energy Industry: Chevron Joins OQC's $100 Million Round

Retrieved on: 
Tuesday, March 5, 2024
Engineering, Innovation, Paul Ruddock, University, News, Quantum, Transport, OIC, Growth, Carbon, Physics, UTEC, Chevron Corporation, CVX, Microscope

Chevron's investment marks a significant move by a supermajor into the rapidly evolving field of quantum computing.

Key Points: 
  • Chevron's investment marks a significant move by a supermajor into the rapidly evolving field of quantum computing.
  • The company aims to make it possible to offer hybrid computing, integrated quantum and high-performance computing, to the market.
  • To realise this future, the energy industry requires secure, accessible and powerful quantum computing that is integrated with existing high-performance computing.
  • We're excited to drive innovation and efficiency in exploration and renewables and pioneer enterprise-ready quantum in the energy sector."

Zeda Announces Acquisition of The Orthopaedic Implant Company

Retrieved on: 
Tuesday, February 13, 2024
Biotechnology, Health, Insurance, Manufacturing, Finance, Consumer, Surgery, Professional Services, Research, Medical Devices, Hospitals, Science, Other Manufacturing, Seniors, Acquisition, OIC, Patient, OEM, Entrepreneurship, Medical device

Zeda, Inc. (Zeda), a global leader in innovative healthcare solutions, proudly announced today the acquisition of The Orthopaedic Implant Company (OIC), an orthopaedic implant company recognized as the leader in value-based implants.

Key Points: 
  • Zeda, Inc. (Zeda), a global leader in innovative healthcare solutions, proudly announced today the acquisition of The Orthopaedic Implant Company (OIC), an orthopaedic implant company recognized as the leader in value-based implants.
  • Commenting on the acquisition, Shri Shetty, CEO of Zeda, expressed excitement about the collaboration: "The acquisition of OIC represents a pivotal moment for Zeda.
  • Under the terms of the acquisition by Zeda, OIC will operate worldwide as a Zeda Health company.
  • About The Orthopaedic Implant Company ( www.orthoimplantcompany.com ): OIC is a purpose-driven, forward-thinking company determined to change the way implants are manufactured and priced.

Arglass Secures Over $230 Million Investment for Second Cutting-Edge Facility

Retrieved on: 
Tuesday, February 6, 2024
Packaging, Other Manufacturing, Manufacturing, Partnership, OIC, Jefferies, Recycling, FDA, Hydrogen, CO2, Economic development, Investment, Industrial waste

Glass container manufacturer Arglass has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia.

Key Points: 
  • Glass container manufacturer Arglass has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia.
  • Arglass raised a combination of structured equity and debt to finance the construction.
  • Projected to be completed in Q2 2025, the new facility is expected to be capable of producing over 350 million sustainable glass containers annually.
  • Arglass also produces glass using its proprietary Arglass Biogenic® glass composition, which replaces traditionally mined material with a naturally renewing, carbon-negative biogenic component gently harvested from the ocean.

Dan Boxell Appointed as Chief Financial Officer of Olympus Insurance Company

Retrieved on: 
Tuesday, January 23, 2024
Insurance, Professional Services, KBRA, CFO, Multimedia, Treasurer, Intelligence, Accounting, OIC, MAX, Creativity, Baker University, Management

Gemini Financial Holdings Corporation (GFHC), the parent company of Olympus Insurance Company (OIC), announced Dan Boxell has accepted the position of Chief Financial Officer.

Key Points: 
  • Gemini Financial Holdings Corporation (GFHC), the parent company of Olympus Insurance Company (OIC), announced Dan Boxell has accepted the position of Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240123207915/en/
    Dan Boxell, CFO of Olympus Insurance (Photo: Business Wire)
    Boxell joins Olympus after having served as Chief Financial Officer, Secretary, and Treasurer of mid-west based Mutual Aid Exchange (MAX) for the past ten years.
  • Prior to his tenure at MAX, Mr. Boxell worked for Gateway Insurance Company beginning in 1982 holding various positions including Chief Financial Officer, Chief Operating Officer and President and Chief Executive Officer.
  • The appointment of Dan Boxell as Chief Financial Officer elicited excitement from Tim Stroble, CEO of Olympus Insurance.

Human medicines European public assessment report (EPAR): Moventig, naloxegol, Date of authorisation: 07/12/2014, Revision: 16, Status: Authorised

Retrieved on: 
Tuesday, January 2, 2024
People, Medical Subject Headings, Peripheral, Diarrhea, Flatulence, Marketing, European Commission, Agency, INN, Constipation, Risk, Movement, Opioid, ATC, Pain, International, European, OIC, Spinal cord, Headache, Nausea, Language, Brain, Abdominal pain, Laxative, Cancer, Disorder, Tablet, Chronic pain, Select, Patient, Safety, Naloxone, Anatomy, Medicine, Bowel obstruction, Risk management, IIA, CHMP, Medical device

Human medicines European public assessment report (EPAR): Moventig, naloxegol, Date of authorisation: 07/12/2014, Revision: 16, Status: Authorised

Key Points: 


Human medicines European public assessment report (EPAR): Moventig, naloxegol, Date of authorisation: 07/12/2014, Revision: 16, Status: Authorised

Alto Ingredients, Inc. Extends Term Loan Commitment Period

Retrieved on: 
Wednesday, December 6, 2023
OIC

PEKIN, Ill., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, announced that it has amended its $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital (“OIC”) to extend the commitment period for undrawn capital available under the term loan facility by one year to November 2024.

Key Points: 
  • PEKIN, Ill., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, announced that it has amended its $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital (“OIC”) to extend the commitment period for undrawn capital available under the term loan facility by one year to November 2024.
  • No other material terms were changed.
  • Alto Ingredients’ CFO, Rob Olander, said, “This extension of our commitment period by one year provides Alto additional liquidity and optionality as we continue to evaluate and fund our capital projects.
  • This extension also shows the level of cooperation we have had with OIC, and we believe their support demonstrates confidence in our strategy.”

Heliene Inc. Expands Minnesota Manufacturing Line, Driving Job Growth and Improving Efficiency

Retrieved on: 
Tuesday, December 5, 2023
Mountain Iron, Minnesota, Partnership, Topcon, OIC, Growth, Capital, Renewable energy

These upgrades will improve the efficiency of the line and enable Heliene to manufacture state-of-the-art TOPCon solar modules.

Key Points: 
  • These upgrades will improve the efficiency of the line and enable Heliene to manufacture state-of-the-art TOPCon solar modules.
  • “We’re proud to be delivering on our commitment to grow our U.S.-based manufacturing capacity and create new clean energy jobs with the refurbishment of Minnesota Line One,” said Martin Pochtaruk, CEO of Heliene.
  • Heliene also announced plans to pursue a new manufacturing facility in the greater Minneapolis area in 2024.
  • The Company will continue to leverage public and private funding to expand its manufacturing capacity and workforce to meet historic demand for high-quality, built-to-order solar modules.