LONDON--(BUSINESS WIRE)--#GlobalRotarySealsMarket--Technavio has been monitoring the rotary seals market and it is poised to grow by USD 1.88 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A.W. Chesterton Co., AB SKF, CinchSeal, EnPro Industries Inc., ERIKS Seals and Plastics Inc., Freudenberg SE, Kalsi Engineering Inc., Parker Hannifin Corp., System Seals Inc., and Trelleborg AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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High demand from the water and wastewater industry has been instrumental in driving the growth of the market. However, frequent failures with rotary seals might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Rotary Seals Market 2020-2024: Segmentation
Rotary Seals Market is segmented as below:
Rotary Seals Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The rotary seals market report covers the following areas:
This study identifies the use of superior quality raw material as one of the prime reasons driving the Rotary Seals Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Rotary Seals Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#GasSeparationMembraneMarket--Technavio has been monitoring the gas separation membrane market and it is poised to grow by USD 956.85 million during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. L'Air Liquide SA, Air Products and Chemicals Inc., DIC Corp., FUJIFILM Holdings Corp., GENERON IGS, Honeywell International Inc., Membrane Technology and Research Inc., Parker-Hannifin Corp., Schlumberger Ltd., and Ube Industries Ltd. are some of the major market participants. The increasing demand for biogas will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Gas Separation Membrane Market 2020-2024: Segmentation
Gas Separation Membrane Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40424
Gas Separation Membrane Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gas separation membrane market report covers the following areas:
This study identifies increasing demand for MMMs as one of the prime reasons driving the gas separation membrane market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gas Separation Membrane Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor landscape
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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As building owners and managers plan for reopening of facilities, IoT solutions are an enabling tool to create smarter office, retail, and educational spaces
BOULDER, Colo.--(BUSINESS WIRE)--#COVID19--A new report from Guidehouse Insights examines the global Internet of Things (IoT) market for smart buildings, providing forecasts and revenue for annual IoT device unit shipments, software, and services, through 2029.
The IoT for smart buildings market is under strain from the coronavirus pandemic. Yet, despite challenges such as reduced budgets in the face of tenant failures and the lingering uncertainty of business reopening plans, the market is expected to have staying power. Click to tweet: According to a new report from @WeAreGHInsights, global IoT for smart buildings revenue is anticipated to grow from $19.8 billion in 2020 to $63.6 billion by 2029 at a compound annual growth rate (CAGR) of 13.8%.
“IoT technologies are useful for certain building categories that house organizations meeting the definition of essential,” says Neil Strother, principal research analyst at Guidehouse Insights. “For example, warehouses have been busy, and IoT solutions can help with asset tracking. In healthcare, the pandemic has created urgency for tracking assets and monitoring patients to keep them at safe distances as they access medical services.”
As building owners and managers plan for reopening facilities, IoT solutions are an enabling tool to create smarter office, retail, and educational spaces, according to the report. After the downward effects of the coronavirus pandemic fade in the long term, Guidehouse Insights expects this market to demonstrate resilience. The value of IoT technologies is expected to become more widely apparent, and the market for IoT solutions is expected to see steady growth through 2029.
The report, Market Data: IoT for Smart Buildings, has been prepared for IoT and smart buildings market stakeholders with analysis and forecasts of how the market is likely to evolve during the next 10 years. The study provides analysis of the market opportunities, key drivers of growth, and technology trends associated with the evolving IoT for smart buildings trend. The report’s purpose is to provide a strategic examination from an overall tactical business perspective. Market forecasts and revenue for annual IoT device unit shipments, software, and services extend through 2029 and are segmented by region and technology segment. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: IoT for Smart Buildings, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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DUBLIN--(BUSINESS WIRE)--The "Variable Valve Timing (VVT) Systems in Marine Engines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Variable Valve Timing (VVT) Systems in Marine Engines estimated at 90.9 Thousand Units in the year 2020, is projected to reach a revised size of 271.3 Thousand Units by 2027, growing at a CAGR of 16.9% over the period 2020-2027.
Mid-Power Output Marine Engines, one of the segments analyzed in the report, is projected to record 15.5% CAGR and reach 109.7 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High-Power Output Marine Engines segment is readjusted to a revised 17.9% CAGR for the next 7-year period.
The U. S. Market is Estimated at 24.5 Thousand Units, While China is Forecast to Grow at 21.6% CAGR
The Variable Valve Timing (VVT) Systems in Marine Engines market in the U. S. is estimated at 24.5 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 62.5 Thousand Units by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4y5i7k
ResearchAndMarkets.com
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LONDON--(BUSINESS WIRE)--DHL Express, the world’s leading international express delivery service provider, has launched London’s first riverboat parcel delivery service, which aims to ease congestion and provide a reliable and efficient way of transporting deliveries across the capital.
The innovative service has been introduced as part of DHL's commitment to using blended transport modes to improve access to urban areas and is an important step towards exploring the use of the river for small scale freight transport.
The riverboat service, operated by Thames Clipper Logistics, will run daily at 7:30am, transporting packages into London. The shipments will be loaded from electric vehicles onto the riverboat at Wandsworth Riverside Quarter Pier before travelling at high speed along the Thames into central London, docking at Bankside Pier for final mile delivery on DHL courier bicycles.
DHL has proven the effectiveness of combining land and waterways through its established canal delivery network in Venice, but the service in London represents its first high speed service.
Ian Wilson, Chief Executive UK&I, DHL Express said: “With heavy traffic and poor air quality becoming an increasing problem in urban areas like London, we're committed to finding a better blend of transport. This new and unique service, combining electric vehicles, riverboat and last-mile bikes creates fast and efficient access across the capital."
Sean Collins, CEO, Thames Clipper Logistics said: “We’re thrilled to be facilitating this service alongside DHL. As a business we strive to maximise the uses of the river as a mode of transport and will continue to reduce congestion on London’s roads.”
The riverboat service is the latest addition to GoGreen, DHL’s group-wide environmental protection program. GoGreen is the cornerstone of DHL’s sustainability work and focuses on reducing and avoiding emissions of greenhouse gases and local air pollutants. Within this is Mission 2050, targeting a reduction of all logistics-related emissions to zero by the year 2050.
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) announced an order with longtime partner Qatar Petroleum to supply multiple main refrigerant compressors (MRCs) for Qatar Petroleum’s North Field East (NFE) project, executed by Qatargas. The total award is part of four LNG “mega trains,” representing 33 million tons per annum (MTPA) of additional capacity, which will increase Qatar’s total liquefied natural gas (LNG) production capacity from 77 MTPA to 110 MTPA and help to propel the Gulf nation to global LNG production leadership by 2025. This order is among the largest LNG deals secured by Baker Hughes in the past five years, for both MTPA and equipment awarded.
The order reinforces more than two decades of trust and successful turbomachinery collaboration between Baker Hughes, Qatar Petroleum and Qatargas. With Qatargas already operating six existing LNG “mega trains” driven by Frame 9E gas turbine refrigerant compressors provided by Baker Hughes, the NFE project underscores the leadership of Baker Hughes LNG technology in the Gulf region and for the world’s most complex LNG projects.
“This milestone deal illustrates the continued strength of Baker Hughes’ partnership with Qatar Petroleum, which began 25 years ago upon our delivery of the first LNG train in Qatar,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “As we look ahead to the next two decades, in almost any scenario natural gas will be a key transition fuel, and likely a destination fuel for a lower carbon future. Building on our track record of delivering proven, reliable and highly efficient LNG technology, we remain committed to taking energy forward in Qatar for more years to come.”
As part of the company’s commitment to support customers in decarbonizing their operations, Baker Hughes has continuously invested in developing technology that enables customers to reduce emissions, enhance performance and optimize operations. The NFE project will feature the latest compression technology to reduce 60,000 tons of CO2 per train each year without any reduction in LNG production, representing a ~5 percent decrease versus previous technologies. The compression trains will also be produced using the latest manufacturing techniques, minimizing raw material and emission-intensive processes to reduce CO2 emissions during production by up to 10 percent.
Each MRC train will consist of three Frame 9E DLN Ultra Low NOx gas turbines and six centrifugal compressors across four LNG “mega trains” for a total scope of supply of 12 gas turbines to drive 24 centrifugal compressors. Packaging, manufacturing and testing of the gas turbine/compressor trains will take place at Baker Hughes’ facilities in Florence and Massa, Italy.
The North Field is the world’s single largest non-associated natural gas field. The NFE project, owned by Qatar Petroleum and operated by Qatargas, is the first phase of the North Field LNG Expansion Project, announced in 2017, and will increase Qatar’s LNG production capacity from 77 MTPA to 110 MTPA, which accounts for an LNG production capacity increase of approximately 43 percent. First gas from the Expansion Project is expected to be produced by the end of 2025. The second phase of the North Field LNG Expansion Project, called the North Field South project (NFS), will further increase Qatar’s LNG production capacity from 110 MTPA to 126 MTPA.
Qatargas is entrusted with executing the NFE project on behalf of Qatar Petroleum. As the world’s premier LNG company, Qatargas has an established history in delivering such major projects and in operating various onshore and offshore facilities in the North Field with a high degree of reliability and operational excellence. The project is in line with Qatar’s National Vision 2030, which aims for more sustainable development by 2030.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com
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DUBLIN--(BUSINESS WIRE)--The "Oil Refining Industry in The United States 2020" report has been added to ResearchAndMarkets.com's offering.
The downstream energy sector report, Oil Refining Industry in The United States is a complete source of information on The United States crude oil refining industry.
It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region. The report also covers complete details of major players operating in the refining sector in The United States and in depth analysis of the latest industry news and deals.
Report Scope
Key Topics Covered:
1 Table of Contents
1.1 List of Figures
1.2 List of Tables
2 Introduction to United States Refining Markets
2.1 What is This Report About?
2.2 Market Definition
3 Refining Industry in United States
3.1 United States Refining Market Snapshot, 2019
3.2 Role of United States in Global and Regional Refining Markets
3.2.1 Contribution to North America and Global Refining Capacity, 2019
3.2.2 United States Average Nelson Complexity Factor (NCF) vs. North America and Global, 2019
4 United States Refining Market- Drivers and Restraints
4.1 United States Refining Industry: Trends and Issues
4.1.1 United States Refining Industry: Major Trends
4.2 Major Restrains of Investing in United States Refining Sector
5 United States Oil Products Demand and Supply Forecast to 2025
5.1 United States Refined Products Demand Forecast to 2025
5.1.1 United States Gasoline Demand Forecast to 2025
5.1.2 United States Diesel Oil Demand Forecast to 2025
5.1.3 United States Kerosene Demand Forecast to 2025
5.1.4 United States LPG Demand Forecast to 2025
5.2 United States Refined Products Production Forecast to 2025
5.2.1 United States Gasoline Production Forecast to 2025
5.2.2 United States Diesel Oil Production Forecast to 2025
5.2.3 United States Kerosene Production Forecast to 2025
5.2.4 United States LPG Production Forecast to 2025
6 United States Refinery Capacities Forecast to 2025
6.1 Location, Operator, Ownership, Startup Details of Operational Refineries in United States
6.1.1 Refinery Location, Operator, Ownership, Startup Details
6.2 United States Total Refining Capacity Historic and Forecast, 2012-2025
6.3 United States Refining Capacity Historic and Forecast, 2012-2025
6.4 United States Refinery wise Secondary Conversion Unit-1 Capacity, 2012-2025
6.5 United States Refinery wise Secondary Conversion Unit-2 Capacity, 2012-2025
6.6 United States Refinery wise Secondary Conversion Unit-3 Capacity, 2012-2025
7 United States Refining Industry- Future Developments and Investment Opportunities
7.1 Capital Investment Details of All Upcoming Refineries
7.2 Location, Operator, Ownership, Start Up Details of Planned Refineries in United States
7.2.1 Refinery Location, Operator, Ownership, Startup Details
7.3 Refinery Capacities of All Upcoming Refineries
8 Key Strategies United States Refining Companies
8.1 United States Company wise Refining Capacity Forecast, 2012-2025
9 Exxon Mobil Corporation Company Profile
9.1 Exxon Mobil Corporation Key Information
9.2 Exxon Mobil Corporation Company Overview
9.3 Exxon Mobil Corporation Business Description
9.4 Exxon Mobil Corporation SWOT Analysis
9.5 Exxon Mobil Corporation Financial Ratios - Capital Market Ratios
9.6 Exxon Mobil Corporation Financial Ratios - Annual Ratios
9.7 Exxon Mobil Corporation Financial Ratios - Interim Ratios
10 United States Refining Industry Latest Tenders and Contracts
11 United States Refining Industry Updates
12 United States Refining Industry Deals
12.1 Detailed Deal Summary
For more information about this report visit https://www.researchandmarkets.com/r/ao5qin
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DUBLIN--(BUSINESS WIRE)--The "Valve Positioners - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Valve Positioners Market to Reach US$1.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Valve Positioners estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027.
Oil and Gas, one of the segments analyzed in the report, is projected to grow at a 5.1% CAGR to reach US$414.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chemical segment is readjusted to a revised 4.5% CAGR for the next 7-year period. This segment currently accounts for a 15% share of the global Valve Positioners market.
The U. S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.5% CAGR for the Period of 2020-2027
The Valve Positioners market in the U. S. is estimated at US$348.2 Million in the year 2020. The country currently accounts for a 28.82% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$295.8 Million in the year 2027 trailing a CAGR of 7.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$295.8 Million by the year 2027.
Mining and Minerals Segment Corners a 11.9% Share in 2020
In the global Mining and Minerals segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$108.9 Million in the year 2020 will reach a projected size of US$140.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$224 Million by the year 2027, while Latin America will expand at a 4.2% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6jhw3r
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SOUTHFIELD, Mich.--(BUSINESS WIRE)--Power management company Eaton today announced that Dr. James E. McCarthy, Jr., has been awarded the 2020 Outstanding Mechanical Engineering Award from Purdue’s School of Mechanical Engineering for his work on conserving fossil fuels and reducing emissions.
McCarthy, a chief engineer with Eaton’s Vehicle Group, has led the development of numerous emissions-reducing and fuel-saving technologies, including variable valvetrain systems such as diesel cylinder deactivation (CDA). He’s also authored multiple white papers on the topic.
Cylinder deactivation is a fuel-efficient strategy to maintain desirable diesel aftertreatment temperatures for idle and low-load operation drive cycles, while at the same time producing a 4 percent to 35 percent reduction in fuel consumption. NOx emissions are reduced simultaneously as cylinder deactivation helps heat the exhaust for improved catalyst efficiency.
“This recognition of Jim McCarthy and his work in important research and development of fuel-saving and emission-reduction technologies is well-deserved,” said Karl Sievertsen, chief technology officer, Eaton’s Vehicle Group. “For nearly 20 years, Jim has proven to be an invaluable resource as we strive to produce technologies that make the transportation industry cleaner and more efficient.”
Every year, the School of Mechanical Engineering at Purdue University recognizes alumni who have demonstrated excellence in industry, academia, governmental service or other endeavors related to mechanical engineering. Honorees have shown outstanding character and leadership and have accomplished breakthroughs in research and development. Since 1991, 285 alumni have been honored with the prestigious Outstanding Mechanical Engineer Award.
Aside from receiving this award, McCarthy has also been previously recognized for his efforts as a dedicated mentor of young engineering students and for helping to establish the Society of Automotive Engineers (SAE) COMVEC Student Panel. Additionally, he’s taught classes at Purdue and other learning institutions.
McCarthy holds both bachelor’s and master’s degrees in mechanical engineering, as well as a Doctor of Philosophy degree in mechanical engineering, all from Purdue University in West Lafayette, Indiana. He has worked at Eaton since 2003.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 93,000 employees. For more information, visit www.eaton.com.
Thomas Nellenbach
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DUBLIN--(BUSINESS WIRE)--The "Solar Tracker Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global solar tracker market experienced robust growth during 2014-2019
A significant increase in the number of solar panel installations across the globe is one of the key factors driving the growth of the market. Furthermore, the implementation of favorable government policies promoting various solar energy projects driving the market growth. Due to the increasing preference for renewable energy sources among the masses and the growing emphasis on utility-scale projects, solar trackers are being deployed across the residential, commercial and industrial sectors.
Additionally, various product innovations, such as the development of more efficient and cost-effective solar photovoltaics and concentrated photovoltaics, are acting as other major growth-inducing factors. These systems are innovatively designed to facilitate low-cost power generation.
Other factors, including increasing off-grid energy demand, along with the integration of cloud computing and the Internet of Things (IoT)-based solutions, are expected to drive the market further. Looking forward, the publisher expects the global solar tracker market to continue its strong growth during the next five years.
Key Questions Answered in This Report:
Key Market Segmentation:
Breakup by Type:
Breakup by Tracking Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ja8z9b
ResearchAndMarkets.com
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For sixth straight year, Garmin brings home top NMEA honors, adds to Product of Excellence winning streak with four awards
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electronics manufacturer1, today announced that it was named Manufacturer of the Year for the sixth consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards presentation held virtually on Sept. 26. The coveted Manufacturer of the Year honor is given to the most recognized company in the marine electronics industry for excellence in product service and support in the field.
Garmin was also awarded four NMEA Product of Excellence awards in the multi-function display (MFD), autopilot, multi-media entertainment and mobile application—utility categories. These awards are voted on by professional NMEA dealers who specialize in installing marine electronics, qualified NMEA technicians and fellow marine electronics manufacturers.
“It’s a true honor to be the NMEA Manufacturer of the Year for six years running,” said Dan Bartel, Garmin vice president of global consumer sales. “Working closely with our dealers, distributors, industry experts and NMEA technicians every step of the way, we’ve created a portfolio of some of the most innovative technology on the water, all backed by our first-class service and support. These awards are a true testament to Garmin’s commitment to excellence and reliability among our industry colleagues and customers, and validate the hard work and dedication of our entire team.”
Garmin won the Product of Excellence award in the MFD category for the sixth consecutive year for its GPSMAP® 8616xsv, a 16-inch chartplotter with a full HD in-plane switching (IPS) display with multi-touch control. It comes preloaded with the latest BlueChart® g3 coastal cartography and LakeVü g3 maps with integrated Navionics® data and Auto Guidance2 technology. The GPSMAP 8616xsv offers anglers exceptional sonar detail with built-in support for a wide range of CHIRP traditional and scanning sonars, Ultra High-Definition scanning sonar, and the entire Panoptix™ all-seeing sonar line, including Panoptix LiveScope™ live scanning sonar, recipient of the 2018 NMEA Technology of the Year award.
For eight years running, Garmin took the top spot in the autopilot category for its Reactor™ 40 Hydraulic Autopilot with SmartPump v2. The Reactor was Garmin’s first recreational autopilot system to utilize AHRS technology and boasts usability, installation flexibility, and many other features that prove to be valuable for any vessel.
Fusion® Entertainment, a Garmin brand, also received consecutive honors with a win in the multimedia entertainment category for the fifth year in a row for the Apollo™ RA770 marine entertainment system, the world’s first touchscreen marine stereo with Apple AirPlay®, built-in Wi-Fi and network audio sharing capabilities.
Finally, ActiveCaptain® was honored in the mobile application—utility category, extending Garmin’s winning streak in this category to six years. ActiveCaptain is a free all-in-one mobile app for mariners that delivers a seamless content management system with access to cartography, automatic delivery of the latest software available, off-vessel planning capabilities, connected services and so much more.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1Based on 2019 reported sales.
2Auto Guidance is for planning purposes only and does not replace safe navigation operations.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP, BlueChart, Fusion, ActiveCaptain and Navionics are registered trademarks and Panoptix, Panoptix LiveScope, Reactor and Apollo are trademarks of Garmin Ltd. or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2019, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Category: Marine
Carly Hysell
913-397-8200
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Three-year Initiative will Improve Traffic Flow and Safety Across Eight Southern California Cities
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has executed the final contract and received the formal notice to proceed for a $4.7 million initiative with the Orange County Transportation Authority (OCTA) for a regional traffic signal synchronization project.
The three-year project includes signal coordination and timing improvements, with the aim of improving traffic flow, enhancing public safety and decreasing stops.
Under the project agreement, Iteris will provide services that will upgrade traffic signal electronics and communications equipment, and optimize signal timing along Katella Avenue, a major east-west corridor that comprises key signalized intersections spanning eight cities – Anaheim, Orange, Garden Grove, Villa Park, Cypress, Los Alamitos, Stanton and County of Orange – in Orange County, California. On January 7, 2020, Iteris announced that it had been awarded a $3.6 million contract to perform the same services across Orange County’s Main Street corridor.
Iteris’ Intersection-as-a-Service™ end-to-end solution offering, a component of the ClearMobility™ Platform, will deliver proactive monitoring of traffic signal operations at all project intersections. The primary goal of this project is to deploy new intelligent transportation system (ITS) equipment and communication infrastructure to support the management of the cities’ transportation network, implement optimized coordination timing plans to achieve optimal traffic flow, and improve safety for all road users, including vehicles, buses, bicycles and pedestrians.
“We are proud to support OCTA’s goal of improving the safety and mobility of road users by embarking on this traffic signal synchronization project,” said Scott Carlson, vice president and assistant general manager, Transportation Systems at Iteris. “This initiative represents the continued expansion of Iteris’ traffic signal coordination services, as well as our Intersection-as-a-Service offering, across the west coast and will ultimately help to increase the value and effectiveness of the region’s existing transportation infrastructure, while also improving air quality and reducing fuel consumption.”
Iteris expects to commence the traffic signal coordination and ITS design project immediately.
The ClearMobility Platform is the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," “outlooks,” “target,” "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the timing, success, and benefits of the awarded contract. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to provide the services on a cost-effective basis; government funding and budgetary issues, and potential impacts related funding delays; project and contract cancellations; availability of resources, such as components and equipment necessary to perform the work for the project; the challenges in the development and deployment of software-based solutions generally; the impact of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
Media Contact
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
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DUBLIN--(BUSINESS WIRE)--The "Thailand Solar Photovoltaic Market By Product Type (Thin film, Multi-Si, Mono-Si), By Grid Type (Grid Connected and Off-Grid), By Application (Residential, Non-Residential/Commercial, Utility), By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Thailand Solar Photovoltaic Market is expected to grow at a formidable rate during the forecast period. The Thailand Solar Photovoltaic Market is driven by the growing demand for sustainable energy. Additionally, supportive government initiatives & policies are further expected to propel the market through 2025. Furthermore, the growing interest of the corporate sector in procuring solar photovoltaic power to meet their renewable energy targets is further expected to fuel the market during forecast years.
The Thailand Solar Photovoltaic Market is segmented based on product type, grid type, application, company and region. Based on product type, the market can be fragmented into thin film, Multi-Si and Mono-Si. The Mono-Si type is expected to witness significant growth during forecast period on account of their efficiency and long shelf life. Based on application, the market can be categorized into residential, non-residential/commercial and utility.
The utility application segment is expected to hold the largest market share during forecast period. This can be ascribed to the use of photovoltaic systems in power plant, military and defense, and space utility applications. Due to the increasing global energy demand, the photovoltaic power plant installations are being carried out, which is the one of the reasons for the high share of the utility application in the solar photovoltaic market.
Major players operating in the Thailand Solar Photovoltaic Market include Energy Absolute Public Companies, SPCG PCL, Symbior Energy Limited, Thai Solar Energy PLC, Trina Solar Co., Ltd (Trina Solar), Solaris Green Energy Co., Ltd., Solartron Public Company Limited, Yingli Green Energy Holding Co., Ltd, ItalThai, Toyothai and others.
The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID 19 on Thailand Solar Photovoltaic Market
4. Executive Summary
5. Voice of Customer
6. Thailand Solar Photovoltaic Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Thin film, Multi-Si, Mono-Si)
6.2.2. By Grid Type (Grid Connected and Off-Grid)
6.2.3. By Application (Residential, Non-Residential/Commercial, Utility)
6.2.4. By Region (Northern, Southern, Eastern, Central, Western, Bangkok)
6.2.5. By Company (2019)
6.3. Product Market Map
7. Thailand Grid Connected Solar Photovoltaic Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Application
8. Thailand Off-Grid Solar Photovoltaic Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Application
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
10.1. Feed-in-Tariff & Wheeling Charges
10.2. New Building Energy Code System & License
10.3. Hardware Commercialization
10.4. Private Power Purchase Agreements (PPAs)
11. Policy & Regulatory Landscape
11.1. Alternative Energy Development Plan
11.2. Government Agency and Agricultural Cooperatives Program
12. Competitive Landscape
12.1. Competition Outlook
12.2. Company Profiles
12.2.1. Company Details
12.2.1.1. Energy Absolute Public Companies
12.2.1.2. SPCG PCL
12.2.1.3. Symbior Energy Limited
12.2.1.4. Thai Solar Energy PLC
12.2.1.5. Trina Solar Co., Ltd (Trina Solar)
12.2.1.6. Solaris Green Energy Co., Ltd.
12.2.1.7. Solartron Public Company Limited
12.2.1.8. Yingli Green Energy Holding Co., Ltd
12.2.1.9. ItalThai
12.2.1.10. Toyothai
13. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/h1ja3f
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Green Data Center Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global green data center market grew at a CAGR of around 18% during 2014-2019
The market is primarily being driven by the growing requirement for energy-efficient computing systems, which is further facilitated by increasing digitization across industries. Moreover, rising environmental consciousness and the widespread adoption of data centers to store and manage the constantly increasing amounts of data, are driving the market growth.
Green data centers are usually designed with on-site wind and solar farms that are constructed on the terrace of the building or facility. They also use the wastewater by recycling it for cooling purposes. Additionally, various product innovations, such as the utilization of low-emission building materials, paints, carpets, waste recycling systems and sustainable landscaping, for the construction of these data centers, are acting as other growth-inducing factors.
Manufacturers are also using alternative technologies, such as evaporative cooling, heat pumps, photovoltaic cells and catalytic converters, for producing energy-efficient systems. This, along with significant growth in the information technology (IT) infrastructure, represents some of the other factors driving the market further. Looking forward, the publisher expects the global green data center market to continue its strong growth during the next five years.
Key Questions Answered in This Report:
Key Market Segmentation:
Breakup by Component:
Breakup by Data Center Type:
Breakup by Industry Vertical:
Breakup by Region:
Competitive Landscape:
For more information about this report visit https://www.researchandmarkets.com/r/pnmiu3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--Moody’s announced today that it has enhanced Moody’s CreditView, its leading research, data and analytics platform serving credit market professionals, with a wide range of environmental, social and governance (ESG) and climate analysis. The expansion of Moody’s CreditView is part of Moody’s broader effort to deliver a comprehensive, integrated suite of ESG solutions to the market and addresses user feedback that extra-financial information and analysis are becoming increasingly important for assessing an issuer’s risk profile.
Moody’s CreditView users can now access resources from Moody’s affiliates Vigeo Eiris (VE), a global leader in ESG data and tools, and Four Twenty Seven, a pioneer in climate-risk assessments. Featured VE content includes corporate and sovereign sustainability reports as well as ESG scores and sector reports. Users can also access Four Twenty Seven’s physical climate risk scores for corporates and US municipalities.
“The enhancements to Moody’s CreditView are part of our commitment to provide market participants with meaningful performance measurements and insights that help advance strategic resilience, responsible capitalism, and the greening of the economy,” said Andrea Blackman, Moody’s Global Head of ESG Solutions.
Moody’s CreditView continues to feature Moody’s Investors Service (MIS) credit ratings and analysis, which systematically integrate material ESG considerations, and MIS research and tools such as Credit Opinions, Environmental and Social Sector Risk Heat Maps, Corporate Governance Assessments, and Carbon Transition Assessments that provide increased transparency of how ESG and climate considerations impact credit.
“The expansion of Moody’s CreditView provides a wealth of ESG and climate resources in a single convenient solution to help customers make better decisions,” said Gus Harris, Executive Director at Moody’s Analytics (MA). “We will continue to enhance the Moody’s CreditView platform by actively expanding our ESG resources and coverage.”
ABOUT MOODY’S ESG SOLUTIONS
Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody's Investors Service (MIS) and Moody's Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.
For more information visit Moody’s ESG & Climate Risk hub at www.moodys.com/esg
For more information about Moody’s CreditView, visit: www.moodys.com/moodyscreditview
Moody’s CreditView:
Susan Stawicki
Director, Product Strategy
+1 (212) 553-4581
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Media inquiries:
Julian Knapp
VP, Communications
+44 (207) 772-1967
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LONDON--(BUSINESS WIRE)--#ComputationalFluidDynamicsCFDMarket--Technavio has been monitoring the computational fluid dynamics (CFD) market and it is poised to grow by USD 1.07 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions -
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altair Engineering Inc., ANSYS Inc., Autodesk Inc., COMSOL Inc., Convergent Science, Dassault Systemes SE, ESI Group, Hexagon AB, PTC Inc., and Siemens AG are some of the major market participants. The high adoption of electric vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Computational Fluid Dynamics (CFD) Market 2020-2024: Segmentation
Computational Fluid Dynamics (CFD) Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40496
Computational Fluid Dynamics (CFD) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The computational fluid dynamics (CFD) market report covers the following areas:
This study identifies an increasing number of strategic alliances as one of the prime reasons driving the computational fluid dynamics (CFD) market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Computational Fluid Dynamics (CFD) Market 2020-2024: Key Highlights
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
PART 14: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/
PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report third quarter 2020 results before the U.S. financial markets open on Oct. 29, 2020. The Company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec’s website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be available by calling (877) 344-7529 or (412) 317-0088 (access code: 10146787).
About Wabtec
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company’s new website at: www.WabtecCorp.com.
Wabtec Investor Contact:
Kristine Kubacki, CFA / This email address is being protected from spambots. You need JavaScript enabled to view it. / 412-450-2033
Wabtec Media Contact:
Deia Campanelli / This email address is being protected from spambots. You need JavaScript enabled to view it. / 773-297-0482
MONTREAL--(BUSINESS WIRE)--BrainBox AI, the pioneer provider of autonomous artificial intelligence (AI) technology for corporate and commercial buildings, is pleased to welcome Hong Kong-based Sunland Cleantech to its growing family of Licensed Reseller partners.
BrainBox AI offers building owners a unique technology combining deep learning, cloud-based computing and algorithms to support a self-operating building. BrainBox AI’s solution enables the HVAC (heating, ventilation and air conditioning) systems in a building to operate autonomously, in real-time, leading to a reduction of up to 25% in total energy costs in less than 3 months, a 20-40% reduction in carbon footprint and a 60% increase in occupant comfort.
Sunland Cleantech can now provide its clients with access to the latest energy consumption optimization technologies in-market and enable impactful utility bill savings for building owners. BrainBox AI technology can be installed in 2-3 hours and does not require the deployment of sensors.
“Partnering with BrainBox AI to deliver energy savings to our clients with zero CAPEX and short lead times helps us keep our commitment to reduce HVAC energy consumption in Asia,” shared Chad Sunde, Managing Director and co-Founder of Sunland Cleantech. “With the impact of climate change manifesting itself more every day, the BrainBox AI solution offers a better path to positive change.”
“We are very pleased to be partnering with Sunland Cleantech and bringing BrainBox AI to the Asian market. We look forward to Sunland Cleantech helping us achieve our mission of significantly decreasing the real estate industry’s energy consumption and consequently its impact on climate change,” stated Rainer Wellige, Chief Revenue Officer at BrainBox AI.
Since its launch in May 2019, BrainBox AI has already teamed up with over 30 partners across the world to deliver an industry-defining AI solution to market. Building owners located in Asia are encouraged to contact Sunland Cleantech to learn more about what BrainBox AI can do for their buildings today. Visit BrainBox AI’s website to learn more about the technology.
About Sunland Cleantech
Hong Kong-based Sunland Cleantech is a company with big dreams. We aim to be the #1 provider of technologies that reduce HVAC energy consumption in Asia. We are excited by new technologies coming to market that we can bring to Asia-based companies.
We are also very passionate about the world and we want to do what we can, to bring the current climate problems back to a more balanced and ultimately a safer place, for future generations. Learn more about Sunland Cleantech.
About BrainBox AI
Combining the leadership of Sean Neely, CEO and Co-Founder, and the expertise of Jean-Simon Venne, CTO and Co-Founder, BrainBox AI was created in 2017 with the goal of redefining building automation through artificial intelligence to be at the forefront of a green building revolution. Headquartered in Montreal, a global AI hub, BrainBox AI has a workforce of over 60 employees and supports real estate clients in numerous sectors, including office buildings, airports, hotels, multi-residential, long-term care facilities, grocery stores and commercial retail.
BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s École de technologie supérieure (ETS). Learn more about BrainBox AI.
For more information:
Sunland Cleantech
Chris Marland
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BrainBox AI
Perry Goldman
Director, Montieth & Co.
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Quasar’s unique technology will deliver vehicle-to-grid and vehicle-to-home functionality that will transform the energy ecosystem by enabling consumers to feed energy stored in their EVs back to the grid or to their homes
Octopus Electric Vehicles started installing the first units of Quasar as part of its energy management solution across the UK in August
LONDON--(BUSINESS WIRE)--Wallbox, the leading energy management company that manufactures smart EV charging solutions, will partner with Octopus Electric Vehicles to introduce its latest game-changing technology into homes across the UK.
Quasar, the world’s lightest and smallest bi-directional charger for the home, was first announced in June of last year. Wallbox has now started to deliver the first pre-ordered units, and the UK is the first market to have the product available.
In addition to providing DC charging capabilities for EVs, Quasar allows owners to pull energy from their cars’ batteries and export it into the grid, a capability referred to as vehicle-to-grid or V2G, as well as to power their own homes, known as vehicle-to-home or V2H, effectively converting their EVs into a powerful energy storage unit that can replace or add capacity to an energy system.
The partnership with Octopus Electric Vehicles will be focused on the V2G technology.
Enric Asunsión, CEO of Wallbox, explains the importance of this technology in the future of energy management: “There are three trends accelerating that will cause a paradigm shift in how we produce, store and use energy: rising demand for energy worldwide; electrification of the mobility sector; and the increase in production of renewable energy as a positive response to climate change. The new possibilities that emerge with this scenario will require technology to harness their potential. At Wallbox we are creating the first generation of products that will give consumers the ability to use their EVs as a source of energy for the grid or the home."
Wallbox creates smart charging systems that combine state-of-the-art technology with exceptional design, creating an intelligent ecosystem between car, charger and home. With Quasar, the company is bringing the grid into this ecosystem, giving consumers more control over how and when they use their energy.
As explained by Eduard Castañeda, co-founder and Chief Product Officer, “An EV stores enough energy to power a home for multiple days, and most drivers only use a fraction of this capacity on their daily commute. By enabling the transfer of energy to and from the battery to the grid and the home, consumers are empowered to use and share their energy in ways we didn’t even imagine until recently.”
Octopus Electric Vehicles offer Powerloop, the complete V2G package for a consumer: a lease on a brand new Nissan LEAF, a Quasar charger, a smart meter and a green energy tariff compatible with the charger. Using a dedicated app, the customer can ‘set and forget’ their charging schedule, and earn up to £30 cashback every month, just for allowing the car battery to be used to help the energy system.
Powerloop is Octopus Electric Vehicles’ market-leading large scale demonstration project for residential vehicle-to-grid. Octopus Electric Vehicles secured £3 million from Innovate UK, funded by the Department for Business, Energy and Industrial Strategy (BEIS) and the Office for Low Emission Vehicles (OLEV), to roll out V2G technology to over 130 homes in a consortium alongside their sister company - the green energy supplier Octopus Energy - and others including UK Power Networks (UKPN).
“The Wallbox Quasar enables us to bring V2G charging technology to our customers on the Powerloop project. We envisage a connected world of energy where your car is capable of supporting and strengthening the grid at times when renewable energy is abundant or when demand is high,” says Claire Miller, Director of Technology & Innovation at Octopus Electric Vehicles.
Quasar, the world’s lightest and smallest bidirectional charger for the home
Quasar is the world’s lightest and smallest charger of its category. Combining innovation and design, this charger is a huge leap forward in the smart usage of sustainable energy. Not only will it increase the stability of the grid, but it will also empower consumers to sell the energy they have generated and stored, turning them into prosumers, active agents in the energy ecosystem.
Quasar buyers in the UK are eligible for the OLEV (Office for Low Emission Vehicles) grant, which encourages the adoption of low-emission vehicles and provides a 75% of discount in the cost of purchase and the installation of a domestic charging point, up to £500.
Quasar’s disruptive technology has been internationally recognized, winning four major awards at the Consumer Electronics Show (CES), the largest consumer technology event in the world in early 2020. Quasar won the Best of CES by Engadget award in the Transportation Technology category, in addition to being recognized as one of the most innovative products of the event with awards by the leading American publications Electrek, Newsweek, Robb Report. Recently, Quasar has won a Germany Design Award in the category Excellent Product Design. Quasar will soon reach beyond the UK, with Germany and Australia as its next target markets, and it will also be introduced into the US, where Wallbox already operates.
ABOUT WALLBOX: Wallbox is a leading energy management company that manufactures smart charging solutions for electric vehicles. Combining state-of-the-art technology with exceptional design, Wallbox creates a smart ecosystem that improves the way we manage, use and store energy. Created in 2015 and with its headquarters in Barcelona, Wallbox’ mission is to facilitate the adoption of electric vehicles today to make a more sustainable use of energy tomorrow. Envisioning a world free of fossil fuels, Wallbox™ technology enables people to create, use and share renewable energy in ways they never imagined. It currently sells to more than 40 countries and has 250 staff spread across offices in Europe, Asia, and America, as well as 2 factories of its own. Wallbox offers four types of chargers, including Quasar, the world’s smallest and lightest bidirectional charger for home use with advanced two-way charging technology. It was recognized with the highest distinction by CES, the world's leading technology trade show for the industry. During the first half of 2020 Wallbox completed a Series A round of investment of 23 million euros.
ABOUT OCTOPUS ELECTRIC VEHICLES: Octopus Electric Vehicles is a specialist EV leasing business, focused on making it easy for drivers to switch to clean, green driving.
Launched in 2018, it’s the UK’s only company to offer a complete solution for EV drivers. The expert team at Octopus can help you find the right EV for you - from Tesla to Nissan, Jaguar to Renault, VW to Polestar, and many more. And once selected, the team can help you with access to great finance, charging solutions and green energy tariffs designed especially for EV drivers - plus a free support helpline to help you on every stage of your electric journey.
Part of the Octopus Energy Group, Octopus EV are also cutting new ground where the energy and auto sectors collide: retailing the smartest charging solutions and even running one of the world’s largest Vehicle-to-Grid trials, Powerloop, supported by Innovate UK.
More information can be found at www.octopusev.com/powerloop
MEDIA ENQUIRES
Chris Spillane
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AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ: REGI) announced today that Bob Kenyon will be joining the company as Vice President, Sales & Marketing effective September 30, 2020. Kenyon will be succeeding Gary Haer following his decision to retire.
Kenyon brings deep knowledge of the oil and gas industry with more than 26 years of experience in fuels operations and downstream marketing. Most recently, Kenyon served as President of Atlas Oil Company in Taylor, MI. Atlas Oil Company is one of the largest fuels distributors in the country, delivering over 1 billion gallons of fuel annually to customers in 49 states.
“We are delighted to have Bob join REG. His extensive background in fuels marketing and downstream sales is a natural fit with our downstream growth plans,” said REG President & CEO Cynthia ‘CJ’ Warner. “Bob will lead our sales & marketing functions at an exciting time for REG as we grow our global footprint and customer base.”
As a member of the senior management team, Kenyon will lead the teams that oversee the sales, marketing and customer care for REG’s high quality products including biodiesel, renewable diesel, REG Ultra Clean® and blended fuels.
“I'm honored to be joining a team of dedicated professionals bringing clean energy solutions to the world,” said Kenyon. “REG is well positioned to lead the adoption of biofuels globally and I'm excited to lead our Fuel Forward sales and marketing strategy to partner with customers and drive sustainability initiatives.”
Bob holds a degree in Business Management from Eastern Michigan University. Bob serves on the board of the American Diabetes Association of Michigan and is a member of the Society of Independent Gasoline Marketers Association. He will be relocating to the Ames area.
After 20 years of dedication and advocacy for REG and the biodiesel industry, current Vice President, Sales & Marketing Gary Haer has decided to retire. Following a thorough handover and management of change process with Kenyon, Haer intends to retire from REG at the end of March 2021. Haer is truly one of the first pioneers of the industry and served as Chairman of the National Biodiesel Board during critical points for the industry.
“As one of the very first employees of REG, Gary has been instrumental in the growth of the company and the biodiesel industry at large,” said Warner. “Gary grew the sales organization from a single individual selling fuel to farmers, to leading a global team selling a half a billion gallons annually. Gary has inspired so very many people across the span of his career, has truly made a positive difference, and will always be considered a valued member of our team.”
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially are described in REG's annual report on Form 10-K for the year ended December 31, 2019, quarterly report on Form 10-Q for the quarter ended June 30, 2020 and from time to time in the Company's other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
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(515) 239-8184
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