Pearson Yachts

TPI Composites Partners with University of Maine and Oak Ridge National Laboratory to Leverage One of the World’s Largest Polymer 3D Printers for Wind Turbine Tooling

Retrieved on: 
星期二, 五月 7, 2024
University, Composite, Element, Oak Ridge National Laboratory, Housing, Heat, Partnership, Transport, 3D, Wind, Pearson Yachts, TPI, Renewable energy, ASCC

The goal of this project is to understand how new technologies can provide faster, lower-cost precision manufacturing of large modular wind blade tooling.

Key Points: 
  • The goal of this project is to understand how new technologies can provide faster, lower-cost precision manufacturing of large modular wind blade tooling.
  • ASCC’s Composite Center’s Ingersoll MasterPrint®, the world’s largest polymer 3D printer can print modular wind blade tooling at 500lb/hour, with segments up to 18.3m long x 6.7m wide x 3.0m high.
  • "TPI Composites has a long-standing commitment to developing cutting-edge solutions for the wind energy industry," said Bill Siwek, President and CEO of TPI Composites.
  • The partnership with the ASCC and Oak Ridge National Laboratory demonstrates the possibilities of manufacturing next-generation wind turbine blades with improved performance and affordability, ultimately contributing to a cleaner and more sustainable future.

TPI Composites, Inc. Announces First Quarter 2024 Earnings Results – Results In-line with Company Expectations; Reiterate Full Year 2024 Financial Guidance

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星期四, 五月 2, 2024
Wind, Bankruptcy, EV, Proterra, ASP, Automotive industry, Pearson Yachts, Growth, Interest, Renewable energy

Estimated megawatts of energy capacity to be generated by wind blade sets produced during the period.

Key Points: 
  • Estimated megawatts of energy capacity to be generated by wind blade sets produced during the period.
  • Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.
  • Number of wind blade manufacturing lines installed and either in operation, startup or transition during the period.
  • Wind blade ASP represents the average sales price during the period for a single wind blade that we manufacture for our customers.

TPI Composites, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

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星期四, 四月 11, 2024
Pearson Yachts, Eastern Time Zone

SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2024 results after the market close on Thursday, May 2, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Key Points: 
  • SCOTTSDALE, Ariz., April 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its first quarter 2024 results after the market close on Thursday, May 2, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.
  • The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180.
  • A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.
  • The replay will be available until May 16, 2024.

Edward Hall Nominated to Join the Board of Directors of TPI Composites, Inc.

Retrieved on: 
星期二, 四月 9, 2024
Electricity, General Cable, Tufts University, Mechanical engineering, Pearson Yachts, AES Corporation, Wind, Wellesley Municipal Light Plant, TPI

SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024.

Key Points: 
  • SCOTTSDALE, Ariz., April 09, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (TPI) (Nasdaq: TPIC) announced today that Edward “Ned” Hall has been nominated to join its board of directors, and if elected, will become a director, effective immediately upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024.
  • TPI also announced that Philip Deutch and Linda Hudson were retiring from TPI’s Board of Directors, effective upon the conclusion of TPI’s annual meeting of stockholders on May 29, 2024.
  • Mr. Deutch and Ms. Hudson have served as directors since 2007 and 2020, respectively.
  • “We are excited to have Ned join our board,” said Bill Siwek, TPI’s President and CEO.

TPI Composites, Inc. Publishes its Annual Sustainability Report Reaffirming Its Commitments to a Zero-Harm Culture and Carbon Neutrality

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星期四, 三月 28, 2024
Carbon, Inclusion, Culture, LTIR, Growth, Pearson Yachts, IDEA, Wind, TPI, Supply chain, Safety, PPA, Total Recordable Incident Rate, Renewable energy

SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts related to sustainability.

Key Points: 
  • SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC), today published its 2023 sustainability report highlighting its progress on organizational and global impacts related to sustainability.
  • We formally established our sustainability program in 2019, and I remain proud of our associates’ continued engagement in this important work.
  • Exceeded our safety goals, achieving a Total Recordable Incident Rate (TRIR) of 0.21 and Lost Time Incident Rate (LTIR) of 0.10.
  • Supply Chain: Enhanced collaboration with suppliers by securing commitments from 96% of critical direct material suppliers to align with TPI's sustainability goals.

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024

Retrieved on: 
星期四, 二月 22, 2024
Interest, Investment, Senior, Bankruptcy, Capital expenditure, Pearson Yachts, Public expenditure, Cryptocurrency

Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.

Key Points: 
  • Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.
  • Number of wind blade manufacturing lines installed and either in operation, startup or transition during the period.
  • Net cash used in operating activities for the year ended December 31, 2023, was $81.0 million compared to $62.3 million in 2022.
  • Capital expenditures were $36.1 million for the year ended December 31, 2023, as compared to $18.8 million in 2022.

TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
星期四, 二月 1, 2024
Pearson Yachts, Eastern Time Zone

The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180.

Key Points: 
  • The conference call can be accessed live over the phone by dialing 1-844-825-9789, or for international callers, 1-412-317-5180.
  • A replay will be available two hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.
  • Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of the Company’s website at www.tpicomposites.com .
  • The online replay will be available for a limited time beginning immediately following the call.

TPI and GE Vernova Expand Contract in Mexico 

Retrieved on: 
星期四, 一月 11, 2024
Partnership, Pearson Yachts, Wind, Global sourcing, TPI, General Electric, Renewable energy

SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today the signing of its expanded supply agreements with GE Vernova in Mexico with additional production lines in a third facility within TPI’s Juarez campus to manufacture GE Vernova’s “workhorse” wind turbine blade for the US market.

Key Points: 
  • SCOTTSDALE, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today the signing of its expanded supply agreements with GE Vernova in Mexico with additional production lines in a third facility within TPI’s Juarez campus to manufacture GE Vernova’s “workhorse” wind turbine blade for the US market.
  • “This expansion of our partnership supports GE Vernova’s ability to competitively serve the US market and represents a new level of technical collaboration between our teams for the launch of GE Vernova’s latest blade design,” said Bill Siwek, President and CEO of TPI.
  • Guy Lynch, Executive Director of Global Sourcing at GE Vernova Onshore Wind said, “GE Vernova has a long-standing partnership with TPI in Juarez, producing wind turbine blades for the US market.
  • This expansion of our partnership enables GE Vernova to best serve our customers who are delivering the future of renewable energy.”
    TPI has manufactured wind blades for GE Vernova since 2008.

TPI and Nordex Extend and Expand Contract in Türkiye

Retrieved on: 
星期二, 十二月 19, 2023
Wind, Pearson Yachts, TPI

SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye.

Key Points: 
  • SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it has extended and expanded its supply agreements with Nordex in Türkiye.
  • Under the terms of the amended agreements, TPI will add two lines of manufacturing capacity bringing the total capacity under contract in Türkiye with Nordex to eight lines serving domestic and export market needs.
  • “We are pleased to announce this expansion of our relationship with Nordex in Türkiye building on our strong collaboration over the past ten years and delivering cost-effective solutions to serve Nordex’s wider European market needs, including Türkiye,” said Bill Siwek, President and CEO of TPI.
  • TPI has manufactured wind blades for Nordex in Türkiye since 2013.

TPI Composites, Inc. Announces Refinancing Transaction with Oaktree, Significantly Strengthening Company’s Liquidity Position and Enhancing Financial Flexibility

Retrieved on: 
星期四, 十二月 14, 2023
Oliver Cromwell, Senior, Agreement, Oaktree Capital Management, Wind, Pearson Yachts, Lazard, Sullivan & Cromwell, Growth, Security (finance), TPI

SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- TPI Composites, Inc. (Nasdaq: TPIC) (“TPI” or “the Company”) announced today that it has entered into a binding agreement (the “Agreement”) with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to refinance Oaktree’s outstanding Series A Preferred Stock holdings in the Company. The refinancing closed concurrently with the execution of the Agreement.

Key Points: 
  • The refinancing closed concurrently with the execution of the Agreement.
  • Including Oaktree’s existing common equity position in TPI, Oaktree holds 9.9% of TPI’s common equity on a pro forma basis.
  • In connection with this refinancing, the maturity of the term loan was extended to March 31, 2027, from November 22, 2026, the optional redemption date for the Series A Preferred Stock.
  • Goodwin Procter LLP acted as TPI’s legal advisor and Sullivan & Cromwell LLP acted as Oaktree’s legal advisor.