Advanced Technology Group

Unico Introduces Powerful, Flexible and Cost-Effective Cell Formation and Test Channels for EV Testing

Retrieved on:

Tuesday, March 12, 2024

IDAC, Temperature, EV, Cell, PPS, Recycling, Calibration, Electronics, Acquisition, Ultra, Engineering, Advanced Technology Group, Laboratory, AC, Isolation, EOL, Ageing, Electric motor

ORLANDO, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- Unico , a leading provider of innovative EV test solutions, today introduced the BAT300 Series at the International Battery Seminar, setting a new standard in cell formation and testing.

Key Points:

ORLANDO, Fla., March 12, 2024 (GLOBE NEWSWIRE) -- Unico , a leading provider of innovative EV test solutions, today introduced the BAT300 Series at the International Battery Seminar, setting a new standard in cell formation and testing.
Unico's latest offering is a compact, all-in-one solution (480VAC to DC) that minimizes energy consumption while maximizing testing efficiency.
Basic cell test requirements such as remote voltage sense, temperature measurement for the cell, calibration, and DC contactor control can be included.
This innovative technology is ideally suited for cell formation in gigafactories, as well as for aging and functionality testing in R&D laboratories, and end-of-life (EOL) activities in cell/module manufacturing lines.

Pelican Energy Partners Announces Acquisition of Springs Advanced Technology Group from Machine Build Technologies

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Tuesday, November 21, 2023

Spring, LLP, Advanced Technology Group, ATG, Power plant engineering, Pelican

HOUSTON, Nov. 21, 2023 /PRNewswire/ -- Pelican Energy Partners Base Zero LP ("Pelican") is pleased to announce that it has acquired Springs ATG, LLC ("Springs ATG") from Machine Build Technologies.

Key Points:

HOUSTON, Nov. 21, 2023 /PRNewswire/ -- Pelican Energy Partners Base Zero LP ("Pelican") is pleased to announce that it has acquired Springs ATG, LLC ("Springs ATG") from Machine Build Technologies.
In conjunction with the transaction, Springs ATG will be rebranded as Advanced Technology Group ("ATG" or the "Company").
Kevin Oliver, president of ATG stated, "We are thrilled to partner with Pelican Energy Partners.
For more information on ATG please see the Springs ATG website: www.springsfabatg.com
Locke Lord LLP acted as legal counsel to Pelican Energy Partners, and Dvorak Law Group served as legal counsel to Machine Build Technologies.

Michael Happe of Winnebago Industries named Entrepreneur Of The Year® 2023 National Overall Award Winner

Retrieved on:

Sunday, November 12, 2023

PALM SPRINGS, Calif., Nov. 12, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Michael Happe , President and CEO of Winnebago Industries, a manufacturer of outdoor lifestyle products, has been named the Entrepreneur Of The Year ® 2023 National Overall Award winner.

Key Points:

PALM SPRINGS, Calif., Nov. 12, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Michael Happe , President and CEO of Winnebago Industries, a manufacturer of outdoor lifestyle products, has been named the Entrepreneur Of The Year ® 2023 National Overall Award winner.
Happe was selected by an independent panel of judges from 224 Entrepreneur Of The Year regional winners from 197 companies across the US.
He has transformed Winnebago from a single brand motorhome company to a leading North American manufacturer of outdoor lifestyle products.
We are so excited to celebrate him as the Entrepreneur Of The Year 2023 National Overall Award winner."

Servotronics Announces Second Quarter 2023 Financial Results

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Thursday, August 10, 2023

SVT, SG, CPG, History, Sale, ELMA, Wind, Advanced Technology Group, OKC, Ontario Knife Company, ATG, NYSE American, Growth, NYSE, Bank, Video game, Servotron 9000

ELMA, N.Y., Aug. 10, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today reported financial results for the second quarter ended June 30, 2023.

Key Points:

-- Results impacted by CPG divestiture, including asset impairment charges --
ELMA, N.Y., Aug. 10, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today reported financial results for the second quarter ended June 30, 2023.
Highlights for the second quarter financial results include the following:
Consolidated revenues were $10.6 million, up 21.7% from $8.7 million in the second quarter of 2022.
Gross profit increased to $1.6 million or 14.6% of revenue in the second quarter, up from $1.0 million, or 11.7% of revenue in the second quarter of 2022.
Selling, general and administrative (SG&A) costs increased $1.4 million to $3.3 million in the second quarter of 2023 compared to $2.0 million in the second quarter of 2022.

Servotronics Completes Sale of Ontario Knife Company Assets to Blue Ridge Knives, Inc.

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Thursday, August 3, 2023

SVT, Intellectual property, BRK, Sale, Ontario Knife Company, ELMA, Wind, Advanced Technology Group, OKC-3S bayonet, OKC, NYSE American, NYSE, Retail, Servotron 9000

ELMA, N.Y., Aug. 3, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today announced it has closed the sale of assets associated with its Ontario Knife Company (OKC) business to Marion, Virginia based Blue Ridge Knives, Inc. (BRK).

Key Points:

"We are pleased to take another step forward in our strategic plan with the sale of the Ontario Knife Company's assets.
Phil Martin, President of Blue Ridge Knives, Inc., commented, "We are excited to add the longstanding heritage and brands of Ontario Knife Company to the BRK portfolio.
Servotronics sold substantially all inventory, intellectual property, tangible personal property and goodwill of the Ontario Knife Company to Blue Ridge Knives for an aggregate purchase price of $2.1 million, subject to a post-closing adjustment based on inventory values.
The company plans to use the funds to invest in organic growth initiatives within its core Advanced Technology Group.

Servotronics Announces Strategic Vision to Maximize Long-Term Shareholder Value

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Tuesday, April 4, 2023

Steps, SVT, Human resources, Culture, Continuity, CPG, Advanced Technology Group, Investment, ATG, NYSE American, Growth, NYSE, Safety, Operational excellence, Management, Asset management, Servotron

ELMA, N.Y., April 4, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today announced details of its strategic vision to improve operational effectiveness and help drive sustainable growth and long-term shareholder value.

Key Points:

Enhanced governance with the early elimination of the Company's shareholder rights plan for greater shareholder accountability.
Announced the pursuit of strategic alternatives for CPG to align long-term strategic focus on Servotronics' core aerospace business.
The core of Servotronics' new strategic vision is centered on four key objectives that will collectively drive shareholder value.
Servotronics has provided an updated investor presentation with detailed information regarding the strategic plan, business segment performance and long-term outlook.

Synopsys.ai Unveiled as Industry's First Full-Stack, AI-Driven EDA Suite for Chipmakers

Retrieved on:

Wednesday, March 29, 2023

SANTA CLARA, Calif., March 29, 2023 /PRNewswire/ --

Key Points:

Renesas, a leader in the automotive space, is already using Synopsys.ai to shave weeks off product development times with enhanced silicon performance and cost reduction.
The Synopsys.ai EDA suite includes AI-driven solutions:
Digital design space optimization to achieve power, performance and area (PPA) targets, and boost productivity ( used in 100 production tape-outs by January 2023 ).
Verification coverage closure and regression analysis for faster functional testing closure, higher coverage and predictive bug detection.
Automated test generation resulting in fewer, optimized test patterns for silicon defect coverage and faster time to results.

Servotronics, Inc. Enhances Strategic Focus with Additional Resources

Retrieved on:

Tuesday, February 21, 2023

ELMA, N.Y., Feb. 21, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today announced that it has strengthened its leadership team in-line with its recently adopted strategic plan.

Key Points:

"We are excited to welcome Dave and Joe to the Servotronics team.
His efforts will include the development of additional resources on the external facing sales team.
Mr. Bell has a tenured career in strategic implementation and will be assisting the Ontario Knife Company as the CPG business pursues profitable growth and continued operational excellence.
Mr. Bell will utilize his 30 years of experience to drive operational improvements as well as assisting in identifying and implementing future strategic plans for the business.

Chris-Craft unveils zero emission, all-electric concept boat

Retrieved on:

Wednesday, February 15, 2023

GTE, Advanced Technology Group, Launch, ATG, Water, Noise, Winnebago Industries, Miami International Boat Show, Winnebago, Chris Craft, Partnership, Industrial design, Transport

SARASOTA, Fla., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Chris-Craft, a subsidiary of Winnebago Industries and America’s boatbuilder since 1874, today unveiled its first, zero emission, all-electric concept boat – the Launch 25 GTe – at the 2023 Miami International Boat Show.

Key Points:

SARASOTA, Fla., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Chris-Craft, a subsidiary of Winnebago Industries and America’s boatbuilder since 1874, today unveiled its first, zero emission, all-electric concept boat – the Launch 25 GTe – at the 2023 Miami International Boat Show.
The creation of the Launch 25 GTe is an important step for the iconic boatbuilder on the journey to bring an electrified experience to the luxury boat market.
“The Chris-Craft brand has always been synonymous with the finest quality and craftsmanship in the industry, and today we unveil an all-electric concept boat that meets those same standards,” said Stephen Heese, president, Chris-Craft.
With a battery capacity of 133-kwh, the electric concept boat can achieve a top speed of 50 mph with run time estimated to be approximately two hours.

Cooper Standard Announces Fully Backstopped Private Offering of New First Lien Notes and Private Exchange Offer and Consent Solicitation for Existing Senior Notes as Part of Refinancing Transactions

Retrieved on:

Sunday, January 22, 2023

The Issuer will not receive any cash proceeds from the issuance of New Third Lien Notes in the Exchange Offer.

Key Points:

The Issuer will not receive any cash proceeds from the issuance of New Third Lien Notes in the Exchange Offer.
The Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation are conditioned upon the satisfaction or waiver of the conditions set forth in the Offering Memorandum.
The consummation of the Concurrent Notes Offering is cross-conditioned on the consummation of the Exchange Offer and the Consent Solicitation.
Eligible holders of 2026 Senior Notes should read carefully the Offering Memorandum before making an investment decision to participate in the Concurrent Notes Offering, the Exchange Offer and the Consent Solicitation.