Agreement to Strengthen Financial Position and Reduce Debt by Approximately $250 Million Continuing to Deliver Industry-Leading Automotive, Industrial, and Residential HVAC Filtration Technology to Customers Worldwide Announces CEO Transition RIVERSIDE, Calif., Jan. 3, 2023 /PRNewswire/ — K&N Engineering, Inc. (“K&N” or the “Company”) today announced that it has taken steps to strengthen its financial foundation and… Continue reading K&N Reaches Agreement with 100% of Lenders and Equity Sponsor to Recapitalize its Balance Sheet and Position K&N for Future Success
Tag: Strategy
iRocket Appoints Kelyn Brannon to Board of Directors
NEW HYDE PARK, N.Y., Jan. 3, 2023 /PRNewswire/ — On January 3, 2023, the Board of Directors of Innovative Rocket Technologies Inc. (iRocket) has appointed Kelyn Brannon as a director. Continue Reading Kelyn Brannon Kelyn is a finance executive with experience leading three successful IPOs as CFO on both the NYSE and NASDAQ. Her 35… Continue reading iRocket Appoints Kelyn Brannon to Board of Directors
Foxconn Partners With NVIDIA to Build Automated Electric Vehicles
SANTA CLARA, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) — CES—NVIDIA and Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer, today announced a strategic partnership to develop automated and autonomous vehicle platforms. As part of the agreement, Foxconn will be a tier-one manufacturer, producing electronic control units (ECUs) based on NVIDIA DRIVE Orin™ for… Continue reading Foxconn Partners With NVIDIA to Build Automated Electric Vehicles
Bob Benjamin Appointed as Chief Operations Officer of Magnolia Wash Holdings
– Express Car Wash Operator Taps Industry Veteran to Maximize Business Operations – CHARLOTTE, N.C., Jan. 3, 2023 /PRNewswire/ — Magnolia Wash Holdings, a premium express car wash operator, has named Bob Benjamin as the company’s first Chief Operations Officer. In this new role, Benjamin will oversee and lead operations for Magnolia, where he will develop… Continue reading Bob Benjamin Appointed as Chief Operations Officer of Magnolia Wash Holdings
United Safety Acquires Allsalt Maritime
This acquisition will bring together United Safety’s specialty in preventing serious injury and death using advanced Active and Semi Active suspension systems and blast mitigation seating for military with Allsalt’s world class expertise in shock and vibration mitigation systems for marine applications. EXTON, Pa., Jan. 3, 2023 /PRNewswire/ — United Safety, a global manufacturer of… Continue reading United Safety Acquires Allsalt Maritime
Torc Robotics, a Daimler Truck Subsidiary, Forms a Strategic Collaboration with Foretellix
Torc Robotics is working with Foretellix, the leader in autonomous vehicles verification & validation, to enable the safe deployment of autonomous trucks TEL AVIV, Israel, Jan. 3, 2023 /PRNewswire/ — Torc Robotics, an independent subsidiary of Daimler Truck AG, announced a multi-year strategic collaboration with Foretellix, the leading provider of safety-driven verification and validation (V&V)… Continue reading Torc Robotics, a Daimler Truck Subsidiary, Forms a Strategic Collaboration with Foretellix
Space Launch Services Global Market Report 2022: Sector to Reach $42.9 Billion by 2030 at a 14.5% CAGR
DUBLIN, Jan. 3, 2023 /PRNewswire/ — The “Space Launch Services Market Share, Size, Trends, Industry Analysis Report, By Payload; By Launch Platform; By Service Type; By Launch Vehicle; By End Use; By Region; Segment Forecast, 2022 – 2030” report has been added to ResearchAndMarkets.com’s offering. The global space launch services market size is expected to… Continue reading Space Launch Services Global Market Report 2022: Sector to Reach $42.9 Billion by 2030 at a 14.5% CAGR
Nexus Circular Secures $150 Million to Accelerate Momentum of Advanced Recycling Solution for Plastics
The funding round, led by Cox Enterprises, will accelerate the growth of Nexus Circular’s market-leading advanced recycling process ATLANTA, Jan. 3, 2023 /PRNewswire/ — Today, Nexus announced it has agreed to terms for an equity raise of $150 million. Cox Enterprises, focused on building the world’s most innovative businesses in cleantech and environmental sustainability, led the… Continue reading Nexus Circular Secures $150 Million to Accelerate Momentum of Advanced Recycling Solution for Plastics
Castle Automotive Group expands its executive team to better position it for growth in 2023.
Castle is planning a more targeted and aggressive acquisitions strategy. Bob Politza named CFO, Mike Fullmer named COO. OAKBROOK TERRACE, Ill., Jan. 3, 2023 /PRNewswire/ — Moving forward in 2023 the Castle Automotive executive team will have a very busy schedule as it continues its mission to grow the group’s dealership footprint. In order to… Continue reading Castle Automotive Group expands its executive team to better position it for growth in 2023.
BMW Motorrad India achieves another record year in 2022 with 40% growth
As forecast accurately by Autocar Professional in July 2022, BMW Motorrad India, the two-wheeler arm of the German luxury carmaker, has achieved best-ever annual sales in CY2022. The company sold a total of 7,282 units, which constitutes 40% year-on-year growth in CY2022 (CY2021: 5,191 units). CY2021 saw it record 100% YoY growth at 5,191 units… Continue reading BMW Motorrad India achieves another record year in 2022 with 40% growth