EnerSys Announces Closing of $300 Million Aggregate Principal Amount of Senior Notes
READING, Pa.–(BUSINESS WIRE)–EnerSys (NYSE: ENS) (“EnerSys” or the “Company”) announced today the closing of $300 million aggregate principal amount of its 6.625% senior notes due 2032 (the “Notes”). The Notes were issued at an issue price of 100% of the principal amount. The Notes are unsecured, unsubordinated obligations of the Company and are guaranteed by […]
Hawaiʻi Seaglider Initiative Launches with Airlines and Other Local Partners to Provide Affordable & Accessible Kamaʻāina Transportation
HONOLULU–(BUSINESS WIRE)– “I commend the Hawai‘i Seaglider Initiative partners from the private, public and community sectors for working together to explore sustainable transportation technology that is in line with our climate change and clean energy strategies,” said Governor Josh Green, M.D. “This investment in our interisland transportation network will provide a renewable transportation alternative that […]
Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers
Proposed Transaction Anticipated to Significantly Strengthen Xos’ Balance Sheet and Provide Growth Capital to Further Expand Xos’ Gross Margin Positive Vehicle Business Positions Combined Company for Sustainable Long-Term Value Creation with a Strengthened Financial Profile, a Substantial Backlog, and Strong Growth Potential Prospective Combined Company Expected to Benefit from Favorable Regulatory Tailwinds, Including California’s Mandate […]
City of Long Beach Awards Landi Renzo USA Two-Year Contract for New Super Duty Ford RNG Trucks
Landi Renzo’s advanced renewable natural gas trucks are a carbon-negative solution for fleets TORRANCE, Calif.–(BUSINESS WIRE)–Landi Renzo, the global leader in sustainable ecomobility™, announces a new two-year, multimillion-dollar contract with the City of Long Beach, California to deliver new Super Duty Ford Renewable Natural Gas (RNG) trucks. Landi Renzo USA’s “Long Beach’s ongoing partnership with […]
AI Powered Inventory Management System Predian Launches
New company revolutionizing dealers’ inventory management HADDONFIELD, N.J.–(BUSINESS WIRE)– Until now, the inventory management system was a division of Redline Automotive Merchandising. From now on, and under a new name, Predian will operate as a standalone business supporting automotive dealerships and several lot service companies directly. Serving more than 1,000 franchise dealers and growing, with […]
Mercedes-Benz USA Reports Q4 2023 Total Sales of 90,014 Vehicles
Q4 2023 sales up 2% from Q4 2022 with 90,014 vehicles sold. 2023 total sales of 351,746 units, up by 0.2% compared to 2022. Electric Vehicles (EV) sales growth of 248% in 2023 compared to 2022 with 43,202 units. EV sales comprised 15% of overall passenger vehicle sales in 2023. Vans sales are up 8% […]
Innovation Takes Center Stage as U.S. Boat Sales Cool Following COVID-Era Demand Surge
Economic Headwinds, Technology Advancements on the Radar for $59 Billion Recreational Boating Industry WASHINGTONWASHINGTON–(BUSINESS WIRE)– While most categories of new powerboats saw estimated unit declines in 2023, anywhere from 5% to 25%, the personal watercraft segment saw a significant increase, and is projected to be up between 20%-25% as final 2023 sales data are calculated. […]
OptiFuel’s Total-Zero™ 5600 hp RNG-Electric Line Haul Locomotive and RNG-Powered Tender are on Track for Testing at the Federal Railroad Administration’s Transportation Technology Center
See Figure #1 Renewable Natural Gas (RNG) Produced from 100% Existing USA Organic Waste Streams, is the Only Readily Available Turnkey Renewable Fuel with Negative Carbon Intensity, has the Lowest Cost, and can be Conveniently Accessed Through Existing Natural Gas Pipeline Infrastructure Running along US Railroad Right of Ways BEAUFORT, S.C.–(BUSINESS WIRE)–OptiFuel Systems (“OptiFuel”) announced […]
CCMP Growth Advisors Announces Partnership With Innovative Refrigeration
NEW YORK & LYNDHURST, Va.–(BUSINESS WIRE)–CCMP Growth Advisors, LP (“CCMP Growth”) and Innovative Refrigeration Systems, Inc. (the “Company” or “Innovative”), a family-owned business which is a leader in design build engineering and aftermarket services for industrial refrigeration systems, today announced that CCMP Growth has partnered with Founder and CEO Mike McGinnis to invest in the […]
Lattice Wins 2024 BIG Innovation Awards
HILLSBORO, Ore.–(BUSINESS WIRE)– “At Lattice, we’re committed to delivering innovation that makes it easier for our customers to achieve their design goals and get to market fast,” said Matt Dobrodziej, Corporate Vice President of Segment Marketing and Business Development, Lattice Semiconductor. “We thank the Business Intelligence Group for once again recognizing our commitment to delivering […]
