Tag: energy

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Huntington Ingalls Industries Selected To Perform Overhaul Work On USS Ramage (DDG 61)

PASCAGOULA, Miss., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has been awarded a $14 million base contract to perform an extended selected restricted availability on the Arleigh Burke-class (DDG 51) destroyer USS Ramage (DDG 61). With all options exercised, the total contract value would be $21.4 million. USS Ramage was originally built at Ingalls and delivered to the U.S. Navy in 1995. “Ingalls has a longstanding tradition in the overhaul/modernization business,” said Ingalls Shipbuilding President Brian Cuccias. “We are pleased with the Navy’s confidence in us to perform this work on DDG 61. It

Frequency Electronics, Inc. Announces First Quarter Fiscal Year 2017 Results

MITCHEL FIELD, N.Y., Sept. 14, 2016 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (NASDAQ:FEIM) reported revenues for the first quarter of fiscal 2017, which ended July 31, 2016, of $12.7 million as compared to $16.7 million in the same quarter of fiscal 2016.  The Company recorded operating loss of $796,000 for the quarter ended July 31, 2016, compared to an operating profit of $941,000 in the first quarter of fiscal 2016.  Net loss for the first quarter of fiscal 2017 was $706,000 or ($0.08) per diluted share compared to net income of $891,000 or $0.10 per diluted share for the first

Nasdaq Included in Dow Jones Sustainability Index

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq:NDAQ) today announced it has been selected to join the Dow Jones Sustainability Indices (DJSI). Nasdaq is one of 16 companies added to the Dow Jones Sustainability North America Index in 2016, which is comprised of 146 companies. Nasdaq actively supports its 3,500 listed companies in their sustainability efforts, and strives to create an open dialogue between listed companies, investors, analysts, regulators, and academics on the economic value of sustainability. Nasdaq also works closely with international groups such as the World Federation of Exchanges, The United Nations Sustainable Stock Exchanges Initiative, and

Huntington Ingalls Industries Awards Educational Scholarships

NEWPORT NEWS, Va., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its newly established Huntington Ingalls Industries Scholarship Fund has awarded 78 scholarships to pre-kindergarten and post-secondary students. HII first announced in March that it was establishing a scholarship fund that would be administered by Scholarship Management Services, a division of Scholarship America. The scholarship fund was formed to provide financial assistance to qualified and selected dependent children of HII employees who are pursuing a post-secondary college or technical/vocation degree and dependent children who are enrolled in quality pre-kindergarten school readiness programs. “It’s exciting to

PDC Energy Closes Common Stock and Convertible Senior Notes Offerings

DENVER, Sept. 14, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced that it has closed its previously announced concurrent underwritten public offerings of (i) 9,085,000 shares of its common stock (the “common stock”), which number of shares includes 1,185,000 shares issued pursuant to the exercise of the underwriters’ overallotment option, and (ii) $200 million aggregate principal amount of its convertible senior notes due 2021 (the “notes”), which aggregate principal amount includes $25 million issued pursuant to the exercise of the underwriters’ overallotment option. The net proceeds from the common stock offering were approximately $558.8

PHOTO RELEASE–Huntington Ingalls Industries Selected To Perform Overhaul Work On USS Ramage (DDG 61)

PASCAGOULA, Miss., Sept. 14, 2016 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has been awarded a $14 million base contract to perform an extended selected restricted availability on the Arleigh Burke-class (DDG 51) destroyer USS Ramage (DDG 61). With all options exercised, the total contract value would be $21.4 million. USS Ramage was originally built at Ingalls and delivered to the U.S. Navy in 1995. “Ingalls has a longstanding tradition in the overhaul/modernization business,” said Ingalls Shipbuilding President Brian Cuccias. “We are pleased with the Navy’s confidence in us to perform this work on DDG 61. It

ADISA’s 2016 Annual Conference & Trade Show on Pace for Record Attendance

LAS VEGAS, Sept. 14, 2016 (GLOBE NEWSWIRE) — ADISA, the nation’s largest trade association representing the alternative and direct investment industry, announced today that its 2016 Annual Conference & Trade Show is on pace for record attendance, including its highest registration to date of broker-dealers, registered investment advisors (RIAs), and registered representatives. Professionals of these specialties are expected to constitute nearly 50 percent of attendees at the conference.   “Hosted each fall, ADISA’s annual conference is an unparalleled event with in-depth and insightful education, as well as unrivaled networking opportunities,” said John Harrison, executive director and chief executive officer of

Heinz to Speak at WEEC on Energy Modeling, Performance Contracting

STATE COLLEGE, PA., Sept. 14, 2016 (GLOBE NEWSWIRE) — Steve Heinz, founder and CEO of EnergyCAP, Inc., has been invited to speak at the World Energy Engineering Conference (WEEC) in Washington, DC, later this month. Heinz will be discussing the baseline modeling of building energy use and the challenges posed by extreme weather, especially when dealing with assessments for performance contracting. “In many energy performance contracts, contractor payments and performance guarantees are based on ongoing savings measurement and verification [M&V] reports,” said Heinz. “When the M&V process uses a comparison of post-project energy consumption with pre-project baseline consumption, adjustment for

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Warren Resources, Inc. To Contact The Firm Before Lead Plaintiff Deadline

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Warren Resources, Inc. (“Warren Resources” or the “Company”) (OTC:WRESQ) of the October 11, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers. The lawsuit has been filed in the U.S. District Court for the District of Colorado on behalf of all those who purchased Warren Resources common stock between November 4, 2014 and June 2, 2016 (the “Class Period”).  The case, Speiser v. Epstein et

Investment, Policy and Holistic Planning Integral to Drive Hydrogen Fueling Infrastructure

OVERLAND PARK, Kan., Sept. 14, 2016 (GLOBE NEWSWIRE) — A new white paper from Black & Veatch’s Smart Integrated Infrastructure (SII) business examines the current hydrogen fueling infrastructure in the U.S. and challenges that complicate development. Costs, financing, siting, policies and safety education are cited as the keys, and sometimes barriers, to greater fueling station deployment. Recent reports estimate that in California alone more than 34,000 hydrogen fuel cell electric vehicles (FCEVs) will be on the road by 2021. Even with states like California investing heavily in new hydrogen fuel stations, the rate of consumer adoption is quickly outpacing fueling

CSX Receives Award of Excellence for “CSX Rail Respond” Emergency Response Tool

WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — The National Alliance for Public Safety GIS (NAPSG) Foundation has granted an Award of Excellence in Public Safety to CSX for its “CSX Rail Respond” mobile-computing application, which provides firefighters, police officers and other emergency responders with easy mobile access to critical information about the commodities traveling on CSX rails in near-real time. CSX Rail Respond supports safe and effective response to rail-related incidents by allowing emergency first responders to determine the exact contents of any rail car on a CSX train, along with emergency response information and recommendations for protective action distances.

Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research

PENNINGTON, N.J., Sept. 14, 2016 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has been awarded a contract (or “Contract”), valued at nearly $250,000, by the U.S. Department of Defense Office of Naval Research (“ONR”) to conduct the design of a new mass-spring oscillating PowerBuoy for mission critical sensors.  Such a PowerBuoy differs from the current PB3 type in that it is self-contained and has no external moving components. Phase one of the contract scope includes the system design and laboratory testing of a proprietary, self-contained, inertia-based, mass-spring oscillator and power take-off

Repsol Selects CloudCraze to Bring its Commerce to the Cloud

LONDON, Sept. 14, 2016 (GLOBE NEWSWIRE) — CloudCraze, an enterprise digital commerce solution built natively on Salesforce, today announces that it has been selected as the commerce platform for Repsol, an integrated global energy company. This strategic initiative will provide Repsol, specifically its Chemicals Division, with a solution to enable B2B commerce on the cloud. “As our clients’ needs evolve, we want to provide a customer engagement platform that allows them to service themselves easily online. We also wanted a solution that we could adapt quickly due to the changing business climate and therefore help us remain competitive,” said Antonio

FTI Consulting Wins Mega Company Turnaround of the Year Award from Turnaround Management Association

WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its Corporate Finance & Restructuring segment received the Turnaround Management Association’s Mega Company Turnaround of the Year Award for its role in the Chapter 11 reorganization of automotive supplier Chassix Holdings, Inc.  Chassix produces and sells aluminum and iron castings and machining solutions to the automobile manufacturers, generating more than $1.4 billion in annual revenue. In late 2014, the company faced an over-leveraged balance sheet and a liquidity shortage compounded by

Rising Number of Business and Leisure Trips to Bolster Global Car Rental Market’s Growth until 2021

Brooklyn, NY,, Sept. 14, 2016 (GLOBE NEWSWIRE) — The research study has made use of several analytical tools to identify and analyze the potential opportunities in the car rental market across the globe. The key growth drivers, challenges, geographical segmentation, and the competitive landscape of the market have been mentioned in the scope of the research study. The inputs given by industry experts in the report are anticipated to guide the market players and decision-makers in formulating effective financial as well as business strategies effectively in the coming years. Get Sample Copy of Report for more Professional and Technical insights

Global Almond Oil Market to Witness Rapid Growth on Account of Rising Demand from Cosmetic Industry

Brooklyn, NY,, Sept. 14, 2016 (GLOBE NEWSWIRE) — Furthermore, the research study has provided the past performance of the global almond oil market along with the forecast figures with the help of tables, graphs, charts, and infographics. Inputs given by industry specialists have been added in the study to help the existing and new players in the market in formulating effective business decisions in the next few years. Get Sample Copy of Report for more Professional and Technical insights at: http://www.qyresearchreports.com/sample/sample.php?rep_id=734805&type=E The global almond oil market can be divided on the basis of product type into bitter almond oil and

Global and China Lithium-ion Battery Market to Witness Rapid Growth with Rising Number of Applications

Brooklyn, NY,, Sept. 14, 2016 (GLOBE NEWSWIRE) — The global market for lithium-ion batteries is projected to witness rapid growth in the forecast period, owing to the several advantages they offer such as longer life and higher efficiency compared to other types of batteries. Moreover, the rising number of applications of lithium-ion battery in diverse sectors, including buses and cars, is estimated to encourage the growth of the overall lithium-ion battery market in the near future. On the flip side, the low awareness regarding the advantages of lithium-ion batteries and their high costs are the key factors expected to curb

Miramar Labs’ miraSmooth Procedure Featured on The Rachael Ray Show

SANTA CLARA, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Miramar Labs, Inc., (OTCQB:MRLB), a global aesthetic company, announced today that its miraSmooth™ treatment was featured in the September 6th episode of “The Rachael Ray Show”, an award-winning and nationally syndicated daytime TV show. The theme of the episode, “Can 3 High-Tech Beauty Treatments Improve Your Problem Areas – Forever?” featured Dr. Whitney Bowe, a New York based board certified dermatologist, highlighting the miraDry/miraSmooth procedure. Dr. Bowe spoke about the benefits of miraSmooth’s microwave technology, including the permanent reduction of underarm sweat and hair of all color. The complete segment featuring

Five Below Announces First Stores Opening in Minnesota

PHILADELPHIA, PA, Sept. 14, 2016 (GLOBE NEWSWIRE) — Five Below (NASDAQ:FIVE) the trend-right, extreme-value brand for pre-teens, teens and beyond, is thrilled to announce the grand opening of its first Minnesota location in St. Cloud on September 23, 2016. Five Below will also be opening two other Minnesota locations in Brooklyn Center and Osseo on October 7, 2016. “This has been an incredible year of milestones for Five Below,” said Joel Anderson, CEO of Five Below. “As we enter our 31st state, we can’t say enough how thrilled we are to introduce our brand to more pre-teens and teens. We

Carpenter Technology Announces Retirement Plan Changes

Will freeze General Retirement Plan effective December 31, 2016 Aligns retirement benefit plans for most employees WYOMISSING, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE:CRS) (the “Company”) today announced changes to retirement plans it offers to certain employees. The Company will freeze benefits accrued to eligible participants of the General Retirement Plan (“GRP”) effective December 31, 2016. The GRP is a defined benefit pension plan that currently includes approximately 1,900 domestic current salaried and hourly employees. The affected employees will be transitioned to the Company’s 401(k) plan that has been in effect for eligible employees since 2012,