Aviation

LEADING GLOBAL ENERGY COMPANY PUMA ENERGY GOES LIVE WITH GEP'S PROCUREMENT & SUPPLY CHAIN SOFTWARE, TRANSFORMING SOURCING TO DRIVE VALUE AND RESILIENCE

Retrieved on: 
Tuesday, April 12, 2022

Headquartered in Singapore, the privately held company operates 1,998 retail sites, facilities in 107 airports, and a network of storage terminals.

Key Points: 
  • Headquartered in Singapore, the privately held company operates 1,998 retail sites, facilities in 107 airports, and a network of storage terminals.
  • Puma Energy has successfully gone live on GEP SMART's sourcing solution to identify, evaluate and qualify new suppliers, achieve best-value agreements, and operate a resilient global supply chain.
  • GEP SOFTWARE provides award-winning digital procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable.
  • GEP SOFTWARE is part of Clark, NJ-based GEP the world's leading provider of procurement and supply chain strategy, software and managed services.

Brushless DC Motor Market to exceed USD 28 Billion by 2027 Globally |CAGR: 8%| UnivDatos Market Insights

Retrieved on: 
Tuesday, April 12, 2022

NOIDA, India, April 12, 2022 /PRNewswire/ --A comprehensive overview of the Global Brushless DC Motor Market is recently added by UnivDatos Market Insights to its humongous database.

Key Points: 
  • NOIDA, India, April 12, 2022 /PRNewswire/ --A comprehensive overview of the Global Brushless DC Motor Market is recently added by UnivDatos Market Insights to its humongous database.
  • Furthermore, this statistical market research repository examines and estimates the Global Brushless DC Motor Market at the regional & country levels.
  • The Global Brushless DC Motor Market is expected to grow at a CAGR of 8% from 2021-2027 to reach USD 28 billion by 2027.
  • By Type, the market is primarily bifurcated into:
    The Inner Rotor segment dominated the Brushless DC Motor Market and accounted for 81.5% market share.

Brushless DC Motor Market to exceed USD 28 Billion by 2027 Globally |CAGR: 8%| UnivDatos Market Insights

Retrieved on: 
Tuesday, April 12, 2022

NOIDA, India, April 12, 2022 /PRNewswire/ --A comprehensive overview of the Global Brushless DC Motor Market is recently added by UnivDatos Market Insights to its humongous database.

Key Points: 
  • NOIDA, India, April 12, 2022 /PRNewswire/ --A comprehensive overview of the Global Brushless DC Motor Market is recently added by UnivDatos Market Insights to its humongous database.
  • Furthermore, this statistical market research repository examines and estimates the Global Brushless DC Motor Market at the regional & country levels.
  • The Global Brushless DC Motor Market is expected to grow at a CAGR of 8% from 2021-2027 to reach USD 28 billion by 2027.
  • By Type, the market is primarily bifurcated into:
    The Inner Rotor segment dominated the Brushless DC Motor Market and accounted for 81.5% market share.

South Carolina Law Firm Names New Head of Complex Corporate Litigation

Retrieved on: 
Tuesday, April 12, 2022

ROCK HILL, S.C., April 12, 2022 /PRNewswire/ --The South Carolina-based firm that is renowned for its ability to handle large-scale civil actions and mass torts has appointed Tim McKissock as the firm's new Complex Corporate Litigation department head.

Key Points: 
  • ROCK HILL, S.C., April 12, 2022 /PRNewswire/ --The South Carolina-based firm that is renowned for its ability to handle large-scale civil actions and mass torts has appointed Tim McKissock as the firm's new Complex Corporate Litigation department head.
  • I am excited to take my experience as a corporate litigator and creative problem-solving approach to expand the Firm's business litigation practice."
  • "We are thrilled to welcome Tim to the McGowan, Hood, Felder and Phillips law family," said Chad McGowan, Founding Partner.
  • "Tim's vast knowledge of corporate litigation and decades of proven success in multimillion-dollar recovery suits made him a natural selection to head this new department within our firm."

Hyzon Motors Appoints Samuel Chong as Chief Financial Officer

Retrieved on: 
Tuesday, April 12, 2022

ROCHESTER, N.Y., April 12, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), today announced that Samuel Chong has been appointed Chief Financial Officer, effective April 12, 2022.

Key Points: 
  • ROCHESTER, N.Y., April 12, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), today announced that Samuel Chong has been appointed Chief Financial Officer, effective April 12, 2022.
  • Mr. Chong will succeed Mark Gordon, who has served as Hyzon's Chief Financial Officer since August 2020.
  • Mr. Chong comes to Hyzon with significant financial executive experience in companies engaged in innovative new technologies.
  • Prior to Gogo Inc., Mr. Chong was engaged in investment banking and proprietary investments at domestic and international financial institutions.

Hyzon Motors Appoints Samuel Chong as Chief Financial Officer

Retrieved on: 
Tuesday, April 12, 2022

ROCHESTER, N.Y., April 12, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), today announced that Samuel Chong has been appointed Chief Financial Officer, effective April 12, 2022.

Key Points: 
  • ROCHESTER, N.Y., April 12, 2022 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), today announced that Samuel Chong has been appointed Chief Financial Officer, effective April 12, 2022.
  • Mr. Chong will succeed Mark Gordon, who has served as Hyzon's Chief Financial Officer since August 2020.
  • Mr. Chong comes to Hyzon with significant financial executive experience in companies engaged in innovative new technologies.
  • Prior to Gogo Inc., Mr. Chong was engaged in investment banking and proprietary investments at domestic and international financial institutions.

Aircraft Inventory Levels Improve Across Categories, but Values Still Rising or Holding

Retrieved on: 
Monday, April 11, 2022

Values in Sandhills marketplaces continued to ascend in most categories despite the new breathing room provided by the inventory increase.

Key Points: 
  • Values in Sandhills marketplaces continued to ascend in most categories despite the new breathing room provided by the inventory increase.
  • AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator .
  • This report includes detailed analysis of asking values and inventory trends in the worldwide used aircraft market along with charts that help readers visualize the data.
  • Inventory of turboprop aircraft improved by 3.4 percentage points over the month prior, but was still down by 66.5% YOY.

DGAP-News: Volatus Aerospace Provides Intelligence, Surveillance, and Reconnaissance Drones to Support Ukraine

Retrieved on: 
Tuesday, April 12, 2022

Volatus Aerospace Corp. (TSXV:VOL, OTCQB:VLTTF) ("Volatus" or "the Company") is pleased to announce that it has begun delivery of intelligence, surveillance, and reconnaissance ('ISR') drones to a consortium of organizations that are focused upon the three critical areas of support to Ukraine: medical supplies, non-lethal military equipment, and assistance to displaced persons.

Key Points: 
  • Volatus Aerospace Corp. (TSXV:VOL, OTCQB:VLTTF) ("Volatus" or "the Company") is pleased to announce that it has begun delivery of intelligence, surveillance, and reconnaissance ('ISR') drones to a consortium of organizations that are focused upon the three critical areas of support to Ukraine: medical supplies, non-lethal military equipment, and assistance to displaced persons.
  • To meet the growing need for this equipment, Volatus is prepared to fulfill continuing requirements for its products.
  • Volatus CEO, Glen Lynch, commented: "We are honoured and proud to support Second Front, Mriya Aid, and others.
  • Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe.

Vertex wins U.S. Navy contract valued up to $850 million

Retrieved on: 
Monday, April 11, 2022

MADISON, Miss., April 11, 2022 (GLOBE NEWSWIRE) -- The Vertex Company was awarded a U.S. Navy contract valued up to $850 million to support test aircraft for the U.S Navy.

Key Points: 
  • MADISON, Miss., April 11, 2022 (GLOBE NEWSWIRE) -- The Vertex Company was awarded a U.S. Navy contract valued up to $850 million to support test aircraft for the U.S Navy.
  • Vertex will provide aircraft maintenance to the Naval Test Wing Atlantic, known as NTWL, which has five squadrons comprising of a range of fixed-wing, rotary and unmanned aircraft.
  • The aircraft supported by this contract perform a variety of test and evaluation missions and the U.S.
  • Under the new contract, The Vertex Company will provide organizational level, known as O-level, maintenance to rapidly repair and maintain aircraft to meet testing needs.

Soluna Holdings Announces Sale of its MTI Instruments Business

Retrieved on: 
Monday, April 11, 2022

ALBANY, NY, April 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. ("SCI"), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the sale of its MTI Instruments subsidiary to Vitrek LLC, a strategic buyer in the test and measurement space. 

Key Points: 
  • Per the sale agreement, the Buyer is acquiring 100% of the common stock of MTI Instruments for $10.75 million.
  • By joining Vitrek, the MTI team will be working to accelerate the growth of Vitrek along with the growth of MTI Instruments product footprint well beyond what MTI Instruments would have been able to do on their own.
  • Solunas MTI Instruments division manufactures precision tools and testing equipment for electronics, aviation, automotive, power and other industries.
  • Both Soluna and MTI Instruments use technology and intentional design to solve complex, real-world challenges.Up to 30% of the power of renewable energy projects can go to waste.