Tag: Industries

Techtronic Industries Delivers Solid 2023 Annual Results

Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2023.  TTI delivered US$13.7 billion of sales in 2023, up 3.6% in reported growth and 3.9% in local currency. Both the MILWAUKEE and our Consumer group of businesses gained momentum in the second half of 2023. — TTI delivered record free cash flow of US$1.3 billion while outperforming the market in sales growth and ... Read more

Odin Industries CEO Named to NSBA Leadership Council for Economic Development

 Odin Industries LLC proudly announces the appointment of its CEO, Ryan Hawley, to the National Small Business Association (NSBA) Leadership Council for Economic Development. This prestigious appointment recognizes Hawley’s commitment to driving economic growth and fostering innovation within the small business community. As a distinguished member of the NSBA Leadership Council, Ryan Hawley brings a wealth of experience and insight to the table. His dedication to empowering small businesses and advocating for policies that promote economic prosperity aligns seamlessly with the NSBA’s mission to support and represent America’s small business owners. “I am honored to join the NSBA Leadership Council ... Read more

Biomed Industries Inc. Seeks Collaboration for New Diabetes/Obesity Drug

 Biomed Industries, Inc. (Biomed) announced today that it has developed a promising obesity drug, NA-921, which is poised for Phase 2/3 clinical trials. NA-921 is a small molecule drug available in oral formulation. The Company is in discussions with potential partners for collaboration on a Phase 3 trial of NA-921, a promising candidate for treatment of diabetic obesity. The drug is a once-a-day oral capsule based on a novel mechanism of action of GLP-1 and IGF-1 for which the Company has recently filed for patent protection. Its analogue/prodrug has already been approved by the FDA for a certain rare disease, ... Read more

Loop Industries Announces MOU For US$66 Million of Non-Dilutive Financing from Reed Management, as Part of a Joint Venture for European Infinite Loop(TM) Technology Roll-Out

MONTREAL, QUEBEC, Jan 19, 2024 – (ACN Newswire) – Loop Industries, Inc. (Nasdaq:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, announced today that the Company signed a non-binding Memorandum of Understanding (“MOU”) with Reed, a European investment firm focused on high impact and technology-enabled infrastructure. Loop and Reed intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture (the “JV”) to commercialize Loop’s technology in Europe. Reed intends to provide financing of €60 million ... Read more

Proteus Industries Inc. Announces Durable and Accurate Liquid Flow Products for the SEMI, Medical, and Industrial Markets

 Proteus Industries Inc. is a renowned provider of liquid flow sensing and control instruments, offering a wide range of high-precision products that can operate in extreme temperatures and rugged environments for the semiconductor equipment, medical, and industrial markets. According to Philip Frausto, Director of Marketing and Sales, “Proteus has established itself as a trusted brand, owing to its expertise in customizing long-lived flow control products according to client’s unique and complex requirements. An example of this is our industry-leading 5-year warranty for mission-critical applications. With proper maintenance, users can extend the life of their Proteus flow meters to 10 years ... Read more