Press Releases
IsoTruss, Inc., an engineering, design, and manufacturing services provider, announced today it has received a funding award for $124,000 from the U.S. Department of Agriculture (USDA). In this rural broadband project, the enterprise will utilize its patented geometry to create a lightweight, space-saving mobile cell site to provide temporary network coverage, one that can be assembled and disassembled quickly, without additional equipment. The planned IsoTruss® mobile cell site will save
Read more...12 July 2022
Austal USA celebrated the start of construction on the company’s first steel ship today - a U.S. Navy Navajo Class Towing, Salvage, and Rescue Ship (T-ATS 11). The milestone was observed during a ceremony at which Congressman Jerry Carl, U.S. representative for Alabama’s first district, and Rear Admiral Thomas J. Anderson, U.S. Navy’s program executive officer for ships spoke alongside Austal USA Vice President of New Construction, Dave Growden. “It
Read more...12 July 2022
As per the latest report published by Fact.MR, a market research and competitive intelligence provider, the global isothermal forging market is anticipated to account for a valuation of US$ 8.6 billion in 2022 and expand at an impressive CAGR of 5.5% over the forecast period of 2022 to 2032. The market registered an annual growth rate of 1.3% between 2017 and 2021. Fact.MR anticipates significant potential in the market, due to the enhanced spending across end use industries. Isothe
Read more...Building on its rich heritage in cooking technology, SHARP Home Electronics Company of America (SHCA) today unveiled its latest smart kitchen appliance: The SHARP Smart Dishwasher (SDW6767HS). Hitting the market by late summer, the SHARP Smart dishwasher features premium functions such as Wi-Fi-enabled "Works with Alexa" for easy remote control, LED interior lighting, adjustable racks for efficient loading, a Power Wash sprayer for stubborn cookware, and Wash Zone options for focuse
Read more...MTE Corporation, a leader in power quality solutions, releases its Matrix Air EC Motor Filter that is designed to mitigate harmonics that are produced by electronically commutated motors (ECMs). This new solution is optimized for HVAC-R and data center cooling applications and can also be used anywhere ECMs are installed such as conveyance systems, variable refrigeration flow equipment, and refrigerated displays. ECMs combine the benefits of DC electric motors with integrated drives
Read more...Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Steel Connect, Inc. (NasdaqCM: STCN) to Steel Partners Holdings L.P. (NYSE: SPLP). Under the terms of the proposed transaction, shareholders of Steel Connect will receive only $1.35 in cash and one contingent value right (“CVR”) for each share of Steel Connect that they own. KSF is seeking to determine whether thi
Read more...7 July 2022
Martinez Steel , a leading infrastructure construction services company, announced today that it has completed a refinancing with KeyBank. Proceeds will be used to fund continued growth driven by strong infrastructure demand as well as expansion plans. Additional terms of the transaction were not disclosed. Martinez Steel is a portfolio company of New State Capital Partners ("New State"). Founded in 1994 and headquartered in Ontario, California, Martinez Steel is one of th
Read more...Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Steel Connect, Inc. (NasdaqCM: STCN) to Steel Partners Holdings L.P. Under the terms of the proposed transaction, shareholders of Steel Connect will receive only $1.35 in cash and one contingent value right (“CVR”) for each share of Steel Connect that they own. KSF is seeking to determine whether this consideration and th
Read more...Newmont Corporation today announced that it has reached a profit-sharing agreement with its represented workforce at the Company’s Peñasquito mine in Zacatecas, Mexico. The agreement supports the continued operation of Peñasquito into the future Consistent with other agreements across Mexico, Newmont Peñasquito will pay its represented workforce an uncapped profit-sharing bonus up to 10%, with an immediate cost equivalent of $70 million, which is rep
Read more...Action Target Inc., the global leader in modern live-fire shooting ranges, announces its new Portable Steel Target System, the PT RangerTM, is now available for purchase. The PT Ranger is a tough, portable, and rapidly deployable target system for pistol and rifle scenarios. Engineered for high-volume shooting – the PT Ranger is one of the market's most comprehensive and complete steel target training systems. Deploying the target system is quick and effortless, with rapid
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