COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2019. Third quarter revenues of $5.8 billion decreased 3 percent from the same quarter in 2018. Lower demand for trucks and construction equipment drove the majority of the decline. Sales in North America were flat while international revenues decreased 8 percent.… Continue reading Cummins Announces Third Quarter Results
Author: BusinessWire Online News
Cummins Unveils New Battery Powered Tactical Unit for U.S. Military
SHOREVIEW, Minn.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) debuted the Tactical Energy Storage Unit during the 2019 Association of the United States Army (AUSA) show at the Washington Convention Center, October 14 – 16. The new Tactical Energy Storage Unit is the first battery hybrid power generation system for military use, further enhancing the performance and reliability… Continue reading Cummins Unveils New Battery Powered Tactical Unit for U.S. Military
Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology
COLUMBUS, Ind. & SEOUL, Korea–(BUSINESS WIRE)–Hyundai Motor Company and Cummins Inc. (NYSE: CMI), announced today that the two global powertrain leaders have entered into a memorandum of understanding (MOU) to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains. These new powertrains are expected to be developed by combining Hyundai’s fuel cell… Continue reading Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology
Cummins Pilots New Experiment for On-Demand Multimode Transportation at Purdue University
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced a four-month pilot project in Indiana to evaluate an on-demand transit solution, in partnership with Purdue University and Energy Systems Network (ESN). The pilot begins September 30. The collaborative experiment, called Leaper X, includes a web-based mobile application powered by Cummins, and a small trial fleet of… Continue reading Cummins Pilots New Experiment for On-Demand Multimode Transportation at Purdue University
Allison Transmission Acquires Walker Die Casting
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today that it has acquired the assets and certain liabilities of Walker Die Casting located in Lewisburg, Tennessee and C&R Tool and Engineering located in Muscle Shoals, Alabama. “We are delighted to announce the acquisitions of… Continue reading Allison Transmission Acquires Walker Die Casting
Toyoda Gosei Invests in AI Startup TRYETING Inc.
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO: 7282) has invested in TRYETING Inc. (Nagoya, Japan) for the rapid development of materials using artificial intelligence (AI)1. TRYETING is a startup out of Nagoya University and provides an AI platform that integrates various types of software. One of the strengths of the company is materials informatics, a… Continue reading Toyoda Gosei Invests in AI Startup TRYETING Inc.
Optimus Ride Selects Velodyne Lidar’s Trailblazing Sensors to Power its Self-Driving Vehicles
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. today announced that Optimus Ride will use Velodyne’s groundbreaking lidar sensors in its entire fleet of self-driving vehicles. The sensors provide rich computer perception data that enables real-time object and free space detection for safe navigation and reliable operation. Optimus Ride, a leading self-driving vehicle technology company on a… Continue reading Optimus Ride Selects Velodyne Lidar’s Trailblazing Sensors to Power its Self-Driving Vehicles
Velodyne Files Patent Infringement Complaint with ITC Against Hesai and RoboSense
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. filed a patent infringement complaint with the U.S. International Trade Commission (ITC) against Hesai Photonics Technology Co., Ltd. and Suteng Innovation Technology Co., Ltd. (a.k.a. RoboSense) for violations of section 337 of the Tariff Act of 1930 which makes unfair methods of competition and importation of certain products into… Continue reading Velodyne Files Patent Infringement Complaint with ITC Against Hesai and RoboSense
Cummins To Acquire Hydrogenics
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today announced that it has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, all the issued and outstanding shares of fuel cell systems provider Hydrogenics Corporation (NASDAQ: HYGS: TSX: HYG) for US$15.00 per share in cash, other than shares already owned by The Hydrogen Company, representing… Continue reading Cummins To Acquire Hydrogenics
Toyoda Gosei Invests in QBIT Robotics Corp., a Robotics Service Provider
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has invested1 in QBIT Robotics Corporation (Tokyo, Japan), a provider of robotics services, to accelerate development of a practical robot hand with tactile sense using e-Rubber sensors.2 QBIT Robotics is a startup that develops systems3 centered on collaborative robots that work together with humans for use in the service… Continue reading Toyoda Gosei Invests in QBIT Robotics Corp., a Robotics Service Provider