Orion Engineered Carbons to Increase Hard Carbon Black Capacity at Louisiana Plant

HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, announced today that next year the company will invest to convert a reactor line at its plant in Ivanhoe, La., from manufacturing soft carbon black to producing hard carbon black, commonly used in tire treads. “With the continued onshoring […]

Ouster Forms Advisory Board of Industry Leaders to Accelerate Digital Lidar Adoption

Ouster Advisory Board to provide strategic guidance and strengthen relationships with customers and partners across industries to drive growth SAN FRANCISCO–(BUSINESS WIRE)–$OUST–Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, smart infrastructure, and robotics industries, announced today the formation of an Advisory Board. The […]

Alcoa Announces Technology Roadmap to Support Its Vision to Reinvent the Aluminum Industry for a Sustainable Future

PITTSBURGH–(BUSINESS WIRE)–Alcoa Corp. (NYSE: AA) today unveiled a technology roadmap to support the Company’s vision to reinvent the aluminum industry for a sustainable future. The technologies in Alcoa’s roadmap, including a new, proprietary post-consumer scrap recycling process, have the potential to decarbonize a significant portion of the upstream aluminum supply chain and provide a competitive […]

Lemonade To Acquire Metromile

NEW YORK–(BUSINESS WIRE)–Lemonade (NYSE: LMND) the insurance company powered by AI and social good, and Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, have entered into a definitive agreement pursuant to which Lemonade will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, […]

Fifth Third Bank Names Craig Harter as Head of Automotive Lending

CINCINNATI–(BUSINESS WIRE)–Fifth Third Bank, National Association, today announced that Craig Harter has joined the Bank as head of auto lending. Fifth Third is one of the largest bank originators of indirect auto loans in the country, with an extensive dealer network across more than 40 states. Harter returns to the Bank with more than 30 […]

Ryder Sets Employee Giving Record with $900,000 Donation to United Way

MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and commercial fleet management solutions, is proud to announce the company’s annual United Way workplace campaign contributions for 2021 totaled $900,000—setting a record in the company’s 40-year history supporting United Way. The total 2021 pledge includes employee giving and a matching contribution […]

FullSpeed Automotive® Acquires Six New Centers in the Corpus Christi, TX Market

GREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities, announced that it has completed the acquisition of six quick lube and automotive service centers in the Corpus Christi, TX market. The six centers currently operate as Minit Man Oil Change (“Minit Man”), and will be rebranded […]

Diodes Incorporated & Transphorm Introduce 130W Active Clamp Flyback (ACF) SuperGaN USB-C PD Adapter Evaluation Kit

PLANO, Texas–(BUSINESS WIRE)–Diodes Incorporated (Nasdaq: DIOD), a broad supplier of high-performance power semiconductor products, has launched a complete 130W USB Type-C® power delivery (PD) 3.0 adapter evaluation and development kit. This new solution uses SuperGaN® FETs from Transphorm, Inc. (OTCQX: TGAN), a pioneer in and a global supplier of high-reliability, high-performance gallium nitride (GaN) power […]

Velotric, Led by Lime Co-founder, Debuts New E-Bike for U.S. Market

MENLO PARK, Calif.–(BUSINESS WIRE)–Velotric, a new e-mobility startup founded by Lime’s original hardware team and industrial experts, announces the launch of a crowdfunding [IndieGoGo] campaign for its debut product, the Velotric Discover e-bike. With a top speed of 20mph, Velotric Discover is designed to let you effortlessly explore the world in a comfortable, reliable, and […]

QuantumScape Secures Campus in San Jose, California

Expansion to three new facilities to scale advanced manufacturing capabilities SAN JOSE, Calif.–(BUSINESS WIRE)–QuantumScape Corporation (NYSE: QS) today announced QS Campus – the future hub of its upcoming manufacturing activities – after securing a new set of buildings in San Jose. The new campus comprises the current site of QS-0, QuantumScape’s pre-pilot production line, and […]