Tag: Industrial

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.

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I.D. Systems Secures New Orders from Leading Global Intermodal Shipping Company for VeriWise® Intermodal Container Systems

WOODCLIFF LAKE, N.J., Sept. 14, 2016 (GLOBE NEWSWIRE) — The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has secured a new order from a global intermodal shipping company for 3,500 VeriWise® Container tracking systems to be deployed on its fleet of newly purchased containers.  The order follows a previous order placed in Q1 2016 from the customer for an initial 1,500 VeriWise Container tracking systems.  The customer, an industry leader in intermodal container shipping, chose Asset Intelligence to provide an advanced tracking solution for

Gladstone Commercial Corporation Announces $23.9 Million Office Property Acquisition in Fort Lauderdale, FL

MCLEAN, Va., Sept. 14, 2016 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (NASDAQ:GOOD) (“Gladstone Commercial”) announced today that it acquired a five-story, 119,224 square foot, single-tenant office building located in Fort Lauderdale, FL, for $23.9 million at an average cap rate of 8.3%. The property is leased to Citrix, under a triple-net (or NNN) lease. Citrix, a Fortune 1000 and S&P 500 company with a market capitalization of over $10 billion, provides a complete and integrated portfolio of Workspace-as-a-Service, application delivery, virtualization, mobility, network delivery and file sharing solutions that enables companies to ensure critical systems are securely available to users

Semtech UHD and HDR Solution Wins Best of Show Award at IBC 2016

CAMARILLO, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Semtech Corporation (Nasdaq:SMTC), a leading supplier of analog and mixed-signal semiconductors, won the NewBay Best of Show Award from TV Technology at the International Broadcasting Convention (IBC) 2016 for its newly-announced UHD-SDI retiming cable equalizer and cable driver for next-generation UHD and HDR applications. The award was announced at IBC on September 12. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9779f5f0-4c55-49bb-98ed-786dd4c91154 The GS12090, announced and demonstrated at the IBC show last week, is the industry’s highest performing, configurable 12G UHD-SDI cable equalizer/cable driver. It is ideally suited for use in applications

Alpha and Omega Semiconductor Expands Its New PairFET™ Family

SUNNYVALE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Alpha and Omega Semiconductor Limited (AOS) (Nasdaq:AOSL), a designer, developer and global supplier of a broad range of power semiconductors and power ICs, today introduced two new products based on its high efficiency XS-PairFET package and latest low voltage technology. The AOE6932 and AOE6936 are the newest extensions to the flagship device, AOE6930, that was released in 2015. Both products are newly optimized for enhanced driving and switching performance. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fc764aae-e177-4224-9941-f1590dc6ca40 AOE6932 improves gate driving performance and reduces power loss at relatively low output current.

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,

Hurco Companies, Inc. Announces Quarterly Cash Dividend

INDIANAPOLIS, Sept. 14, 2016 (GLOBE NEWSWIRE) — Hurco Companies, Inc. (Nasdaq:HURC), an international industrial technology company, announced today that its Board of Directors approved the payment of a cash dividend of $0.09 per share.  The dividend will be paid on October 17, 2016, to shareholders of record as of the close of business on September 30, 2016.  Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change. About the Company Hurco Companies, Inc. is an international, industrial technology, company that sells its three brands of computer

Plug Power and Mitsubishi Nichiyu Show Fuel Cell Powered Forklift at Logis Tech Tokyo

LATHAM, N.Y., Sept. 14, 2016 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, announces that Mitsubishi Nichiyu Forklift is displaying one of the company’s GenDrive fuel cell systems in its industrial trucks at Logis Tech Tokyo – the culmination of a year of product evaluation and engineering collaboration work by both companies. Mitsubishi Nichiyu will show the Plug Power GenDrive Model 1600 fuel cell in its own class 1 electric forklift truck. The company has been testing the fuel-cell powered forklift truck in Kyoto since June 2016. The

Fortigen Geneva, LLC Awards Matrix Service EPFC of 20,000 Ton Ammonia Tank

TULSA, Okla., Sept. 14, 2016 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq:MTRX) announced that its subsidiary, Matrix Service Inc. has been awarded the engineering, procurement, fabrication and construction of a 20,000 ton ammonia tank for Fortigen Geneva LLC’s new anhydrous ammonia fertilizer manufacturing plant in Geneva, NE. The plant is Fortigen’s first fertilizer manufacturing facility and will produce 100 tons per day of anhydrous ammonia. This facility will take advantage of the low cost of natural gas and reduced transportation costs to serve some of the most productive crop land in the world. “As we continue to execute our own growth

Low Smoke Halogen Free Flame Retardant PP Market Worth $893.9 Million By 2024: Grand View Research, Inc.

San Francisco, Sept. 14, 2016 (GLOBE NEWSWIRE) — The global low smoke halogen free flame retardant polypropylene (PP) market is expected to reach USD 893.9 million by 2024, according to a new report by Grand View Research, Inc. The increasing construction spending particularly in emerging economies is one of the major reason fueling the market growth. Favorable government regulations are further anticipated to benefit the overall market. The government bodies across the globe have been formulating new regulations and safety norms to reduce the occurrence of fire mishaps. Halogen-free flame retardant polypropylene is believed to be an effective way to overcome

Epoxy Resin Market Projected To Reach $14.26 Billion By 2024: Grand View Research, Inc.

San Francisco, Sept. 14, 2016 (GLOBE NEWSWIRE) — The global epoxy resin market is expected to reach USD 14.26 billion by 2024, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by end-use industries including automotive, aerospace, transportation, composites, decorative coatings, construction, industrial & marine coatings, electrical & electronics, especially in Asia Pacific. Epoxy resins are the most preferred thermoplastics for manufacturing composite materials owing to their superior properties as compared to other materials. Huge production capacities of epichlorohydrin and bisphenol A, especially in China, ensure consistent raw material supply. However, fluctuating raw

Griffin Capital Essential Asset REIT Engages Robert A. Stanger & Co. to Review Strategic Alternatives

EL SEGUNDO, Calif., Sept. 13, 2016 (GLOBE NEWSWIRE) — A special committee consisting of the nominating and corporate governance committee of the board of directors (the “Committee”) of Griffin Capital Essential Asset REIT, Inc. (“GCEAR”) announced today that it engaged Robert A. Stanger & Co., Inc. as a financial advisor to assist GCEAR in exploring strategic alternatives, including but not limited to, potential liquidity opportunities. While the Board has been analyzing potential strategic alternatives and speaking with several advisers for some time, the Committee determined that it wanted to take advantage of an exclusive relationship with Robert A. Stanger &

Hill International Receives $19 Million Contract Amendment for East Link Light Rail Extension Project Near Seattle

PHILADELPHIA and SEATTLE, Sept. 13, 2016 (GLOBE NEWSWIRE) — Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract extension from the Central Puget Sound Regional Transit Authority (Sound Transit) to provide design-build project management services during the next phase of the E360 Segment of the East Link Light Rail extension project near Seattle, Washington. Hill received its original contract in January 2015 for Phase I (pre-construction) services valued at approximately $1.0 million over a one-year period.  The recent amendment for Phase II (construction) services will have an estimated value to Hill of approximately $19.0 million over the

Fuel Economy and Stringent Emission Standards are Increasing Demand for Low-viscosity Grade Basestocks, According to Kline

PARSIPPANY, N.J., Sept. 13, 2016 (GLOBE NEWSWIRE) — The improving quality of finished lubricants and the burgeoning supply of high quality basestocks continue to create greater pressure on Group I basestocks to exit the market in the face of stagnant overall demand. In 2015, Group I basestocks account for less than half of the global basestock demand, down from over two-thirds a decade earlier, according to the recently published Global Lubricant Basestocks: Market Analysis and Opportunities report by global market research and management consulting firm Kline. Passenger car motor oils formulation changes are driven by improvements in fuel economy, increasing

Testing, Inspection and Certification (T.I.C.) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Albany, NY , Sept. 13, 2016 (GLOBE NEWSWIRE) — The primary role of testing, inspection, and certification companies is to ensure the maintenance of health, safety, and quality requirements of their clients’ products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services wherein the major purpose is to help increase the productivity and also help local manufacturers to comply with the global standards. The global testing, inspection, and certification market on the basis of application has been segmented into seven types; oil & gas (onshore facilities and offshore facilities), aerospace (avionics, interior and exterior lighting systems,

CSX Marks Sixth Consecutive Year on Dow Jones Sustainability Index for North America

JACKSONVILLE, Fla., Sept. 12, 2016 (GLOBE NEWSWIRE) — CSX (Nasdaq:CSX) was named to the 2016 Dow Jones Sustainability Index for North America, recognizing the company’s leadership in sustainable and responsible business practices.  CSX was the only U.S.-based railroad and one of only three transportation companies included on the North American index. “Achieving the ‘right results, the right way’ is one of CSX’s core values, and we aim to live that value every day as we safely and efficiently move the goods that are essential to our communities,” said Michael J. Ward, chairman and chief executive officer. “By operating with respect

Champion® Brand, Yellow Bus Nation Join Forces to Promote Student Safety Through Use of High-Quality Bus Parts

SOUTHFIELD, Mich., Sept. 12, 2016 (GLOBE NEWSWIRE) — As the nation’s nearly 480,000 school buses embark on a new academic year, a leading purchasing network has turned to Federal-Mogul Motorparts’ iconic Champion® brand to help bus fleet operators promote student safety and improve vehicle reliability through the use of high-quality replacement parts. Federal-Mogul Motorparts is a division of Federal-Mogul Holdings Corporation (NASDAQ:FDML). Yellow Bus Nation will offer a full complement of premium Champion products – including ignition parts, filters, wipers and lighting components – to its members. Established in January, the purchasing group already serves school districts and third-party bus

Vishay Intertechnology’s Energy Storage Capacitors Honored in Electronic Products China Magazine’s 2016 Top-10 Power Product Awards

MALVERN, Pa., Sept. 12, 2016 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc. (NYSE:VSH) today announced that its Vishay BCcomponents 220 EDLC ENYCAP™ series of electrical double-layer energy storage capacitors has been named by Electronic Products China magazine and 21IC as a winner in the 14th Annual Top-10 Power Product Awards. The storage capacitors were honored with the “Green Energy Award” in recognition of their extremely high energy density for energy harvesting, power backup, and UPS power source applications. This is the seventh consecutive year that a Vishay product has been chosen as an Awards winner. The Top-10 Power Product Awards have

Novomet Commissions World's Smallest Rigless ESP

ODESSA, Texas, Sept. 09, 2016 (GLOBE NEWSWIRE) — The cable-deployed, inverted ESP system was landed in a modified x-nipple and sealed off at the wellhead with a modified stuffing box.  The unit started without issues and surfaced fluid within 30 minutes. A video accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/1ef12aa2-54b6-47e2-9f76-b5f2719b92a2 Initial production rate was exactly as predicted at 300 BFPD. Novomet USA, Inc. and WellPro Solutions LLC have successfully deployed and commissioned the world’s smallest diameter Electrical Submersible Pump (ESP) System inside of 2-7/8” tubing without using a conventional rig.  This feat was accomplished using a modified industrial cable spooling device and

Synthesis Energy Systems, Inc. to Report Fiscal 2016 Financial Results on Thursday, September 22, 2016

HOUSTON, Sept. 09, 2016 (GLOBE NEWSWIRE) — Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), the global leader in low cost, high performance clean energy gasification technology, will release financial results for its fiscal 2016 year and fourth quarter ended June 30, 2016, on Thursday, September 22, 2016. SES President and Chief Executive Officer DeLome Fair and Chief Financial Officer Roger L. Ondreko will report on financial results and provide a business update beginning at 4:15 p.m. EDT on September 22. To access the live conference call webcast, please log on to the Investor Center of the corporate website, www.synthesisenergy.com. Interested parties