Press Releases

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

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

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

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

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

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

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

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

ArcelorMittal announces that on 1 July 2022 it received a shareholding notification from BlackRock, Inc. According to the notification, the following threshold of (potential) voting rights was reached: This notification is available in the Luxembourg Stock Exchange’s OAM electronic database on www.bourse.lu and on the Company’s website corporate.arcelormittal.com  under ‘Investors - Corporate Governance - Shareholding structure’. This notificat

MagIron LLC  today announced that it has completed the purchase of selected assets from the receivership estate of Prairie River Minerals, LLC ("PRM") (the "Acquisition"). This follows entry of a court order approving the free and clear sale of PRM assets to MagIron by a State of Minnesota district court judge in the Assignment for the Benefit of Creditors action on May 13, 2022. Under the terms of the Acquisition, MagIron will pay total cash consideration of $2.6 mil