SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart sensing solutions, and the leading innovator in the space, today announced its plan to appeal the ruling by the Patent Trial and Appeal Board (PTAB) regarding the validity of Velodyne’s US Patent 7,969,558. Quanergy additionally announced that it… Continue reading Quanergy to Appeal PTAB Ruling in Velodyne Patent Case and to Assert its Patents
Author: BusinessWire Online News
Cummins and Isuzu Enter into Power-Source Partnership Agreement
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited announced another step forward in their partnership by entering into the Isuzu Cummins Powertrain Partnership agreement. The agreement formalizes a business structure for the two companies to evaluate and carry out opportunities to jointly develop and bring new diesel and diesel-based powertrains to global markets.… Continue reading Cummins and Isuzu Enter into Power-Source Partnership Agreement
Velodyne Wins Patent Challenge
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne has won a patent challenge brought by competitor Quanergy. In making its ruling the US Patent Trial and Appeals Board on May 23, 2019 upheld the patentability of all claims in Velodyne’s pioneering ‘558 patent. The ‘558 patent relates to a lidar based 3D point cloud measuring system used for Autonomous… Continue reading Velodyne Wins Patent Challenge
GILLIG Battery Electric Bus Unveiled
LOUISVILLE, Ky.–(BUSINESS WIRE)–GILLIG LLC and Cummins Inc. (NYSE: CMI) announced today that the GILLIG zero-emission battery electric bus, powered by Cummins, is now available. “As the leading provider of American-built buses, GILLIG is excited to expand our portfolio by offering the market’s most comprehensive battery electric bus solution. This best-in-class bus is designed on our… Continue reading GILLIG Battery Electric Bus Unveiled
Cummins Increases Presence and Footprint in Indiana
INDIANAPOLIS–(BUSINESS WIRE)–Today at the Indianapolis Motor Speedway, Cummins Inc. (NYSE: CMI) along with the Governor of Indiana and the Mayors of Columbus, Greenwood and Indianapolis, announced plans to expand its presence along the “Cummins Corridor” with new building projects and investment along I-65 in its global headquarters in Columbus, in Greenwood and in Indianapolis, Indiana.… Continue reading Cummins Increases Presence and Footprint in Indiana
Toyoda Gosei Invests in IMUZAK Inc., a Startup Specializing in Optics
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has invested in IMUZAK Inc., a startup located in Yamagata Prefecture, Japan, with strengths in optical design and assessment, to accelerate its development of interior and exterior modules for the age of autonomous driving. The evolution of autonomous driving technology is expected to increase the need for parts equipped… Continue reading Toyoda Gosei Invests in IMUZAK Inc., a Startup Specializing in Optics
Quanergy Achieves Compliance with Important Automotive Standards
SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart sensing solutions, today announced that, based on certification body audits, it has reached compliance with the automotive standard IATF 16949:2016 and the required automotive core tools and product standards. With this compliance, Quanergy has shown its readiness to… Continue reading Quanergy Achieves Compliance with Important Automotive Standards
Allison Transmission Announces Stock Purchase Agreement with Ashe Capital, a $1 Billion Increase to the Stock Repurchase Authorization and Declares Quarterly Dividend
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today announced that it has repurchased 4,977,043 shares of the Company’s common stock from Ashe Capital Management, LP (“Ashe Capital”) for $46.70 per share, or a total purchase price of approximately $232 million, representing a purchase price equal to… Continue reading Allison Transmission Announces Stock Purchase Agreement with Ashe Capital, a $1 Billion Increase to the Stock Repurchase Authorization and Declares Quarterly Dividend
Cummins Announces Strong First Quarter Results; Raises Full Year Profit Outlook
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the first quarter of 2019. First quarter revenues of $6.0 billion increased 8 percent from the same quarter in 2018. Increased truck production in North America and stronger demand in global construction and North American power generation markets drove the majority of the revenue increase.… Continue reading Cummins Announces Strong First Quarter Results; Raises Full Year Profit Outlook
Allison Transmission is Providing Its e-axle Solution to Peterbilt for Evaluation on Powerful Electric Class 8 Truck
INDIANAPOLIS–(BUSINESS WIRE)–Amidst the global pursuit of electrification in the commercial vehicle industry, Allison Transmission, a global leader in commercial-duty propulsion solutions, announced the development of highly efficient and powerful axles for electric vehicles. Allison’s AXE Series propulsion system will deliver viable, industry-changing electric solutions for the market. Launched at the 2019 Advanced Clean Technology (ACT)… Continue reading Allison Transmission is Providing Its e-axle Solution to Peterbilt for Evaluation on Powerful Electric Class 8 Truck