COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.57 dollars per share, payable on December 1, 2022, to shareholders of record on November 18, 2022. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design,… Continue reading Cummins Inc. Declares Quarterly Common Stock Dividend
Author: BusinessWire Online News
Velodyne Lidar Signs Multi-Year Agreement with Yamaha Motor
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement to provide its lidar sensors to Yamaha Motor for eve autonomy, a joint venture between Yamaha Motor and Tier IV, Inc. eve autonomy’s autonomous goods transport service eve auto provides logistical support for factories to improve efficiency and safety. Velodyne has… Continue reading Velodyne Lidar Signs Multi-Year Agreement with Yamaha Motor
Cummins drives domestic green hydrogen economy forward with first U.S. electrolyzer manufacturing facility
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) will begin producing electrolyzers in the United States, underscoring the company’s continued dedication to advancing the nation’s green hydrogen economy. Electrolyzer production will take place in Fridley, Minnesota, starting at 500 megawatts (MW) of manufacturing capacity annually, scalable to 1 gigawatt (GW) in the future. “Expanding Cummins’ electrolyzer manufacturing… Continue reading Cummins drives domestic green hydrogen economy forward with first U.S. electrolyzer manufacturing facility
Allison Transmission Introduces the eGen Force™ Electric Hybrid Propulsion System for Armored Combat Vehicles
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to introduce the eGen Force™ electric hybrid propulsion system for tracked combat vehicles. Designed for 50-ton tracked vehicles, the eGen Force meets the requirements for the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV) program. The… Continue reading Allison Transmission Introduces the eGen Force™ Electric Hybrid Propulsion System for Armored Combat Vehicles
Atura Power selects Cummins to design, manufacture 20 MW electrolyzer system for Niagara Hydrogen Centre
OAKVILLE, Ontario & COLUMBUS, Ind.–(BUSINESS WIRE)–Atura Power has selected Cummins Inc. (NYSE: CMI) to design and manufacture the electrolyzer system for its Niagara Hydrogen Centre in Niagara Falls, Ont. This will be Ontario’s first 20-megawatt (MW) green hydrogen facility. Cummins’ proton exchange membrane (PEM) electrolysis system will be manufactured at its Mississauga, Ont. facility and… Continue reading Atura Power selects Cummins to design, manufacture 20 MW electrolyzer system for Niagara Hydrogen Centre
Cummins’ Second Largest Solar Farm Goes Live at Rocky Mount Engine Plant
COLUMBUS, Ind.–(BUSINESS WIRE)–With a mission to power a more prosperous world, Cummins Inc. (NYSE: CMI) continues to make significant investments in solar energy with the installation of Cummins’ second largest solar array at Rocky Mount Engine Plant in North Carolina (U.S.). The RMEP solar installation will directly support the company’s environmental sustainability strategy, PLANET 2050,… Continue reading Cummins’ Second Largest Solar Farm Goes Live at Rocky Mount Engine Plant
Valmet Automotive reached the milestone of 1 million produced battery packs
Valmet Automotive has completed and delivered one million battery packs to automotive customers in less than three years. The company continues expanding its battery production capacities both in Finland and Germany. Valmet Automotive is a leading player in the European market for outsourced production of battery systems. In 2021, the company’s battery pack production was… Continue reading Valmet Automotive reached the milestone of 1 million produced battery packs
Velodyne Lidar Acquires AI Software Company Bluecity
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced the company has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic and infrastructure issues. The all-stock acquisition reinforces Velodyne’s commitment to enabling customer success by delivering industry-leading, AI-powered autonomous vision solutions. The addition of Bluecity is… Continue reading Velodyne Lidar Acquires AI Software Company Bluecity
Quanergy Announces Reverse Stock Split
SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., (NYSE:QNGY) (“Quanergy” or the “Company”) a leading provider of LiDAR sensors and smart 3D solutions, announced today that its Board of Directors has approved a reverse stock split of its outstanding shares of common stock (the “Common Stock”) at a ratio of 1-for-20 (the “reverse stock split”). The reverse stock… Continue reading Quanergy Announces Reverse Stock Split
Isuzu Launches New Allison-Equipped FVR Truck in Taiwan
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, is pleased to announce that Isuzu has introduced its new medium-duty FVR 18.5T truck featuring the Allison 3000 Series™ 6-speed fully automatic transmission… Continue reading Isuzu Launches New Allison-Equipped FVR Truck in Taiwan