In The Spotlight
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ITT Inc. (NYSE: ITT) today announced that it has appointed Carlo Ghirardo as President of its Motion Technologies business, reporting to Luca Savi, ITT’s Chief Operating Officer.
In this role, Ghirardo will be responsible for delivering the strategic and operating plans of ITT's Motion Technologies business, which employs about 4,400 people globally and had 2017 revenues of approximately $1.2 billion. The business designs and manufactures innovative braking technologies and shock absorbers for global transportation markets, as well as specialized sealing solutions for the transportation and industrial markets.
“We are very pleased to have Carlo joining ITT and the MT team,” said CEO and President Denise Ramos. “He is a strong global leader with an impressive track record, and his experience and capabilities will be a strong strategic fit for ITT. Carlo will complement the deep experience we have on our MT team and help the business continue to advance operational excellence and customer-driven innovation and growth.”
Carlo most recently worked for Eaton, where he held a number of senior leadership roles. Most recently President of the Vehicle Group’s EMEA (Europe, Middle East and Africa) region, he also served as Vice President and General Manager of the Engine Air Management Product Group as well as the Valvetrain Division. He also held global operational and manufacturing leadership roles at Eaton and at United Technologies Corporation.
“Carlo has delivered strong performance and results in areas such as strategy, lean manufacturing, customer intimacy, new product development and people leadership,” Savi said. “The industries and customers with whom he has partnered are very relevant to MT, and his experience will help us deliver our execution, innovation and growth priorities and build for the future.”
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2017 revenues of $2.6 billion. For more information, visit www.itt.com.
REDWOOD CITY, Calif., March 22, 2018 /PRNewswire/ -- Nevro Corp. (NYSE: NVRO), a global medical device company that is providing innovative evidence-based solutions for the treatment of chronic pain, today announced that full-body magnetic resonance imaging (MRI) conditional labeling is now available in the United States for the Senza Spinal Cord Stimulation (SCS) System delivering HF10 therapy.
This labeling expansion, which is now applicable in all our markets, adds to the previous labeling allowing head and extremity MRI scans, broadening the pool of patients who are eligible to receive the Senza SCS System. This approval is retroactive, meaning that the new labeling for expanded imaging applies to all patients currently implanted with the Senza SCS System and percutaneous leads. It is anticipated that a similar labeling expansion will follow for the Senza II SCS system.
"Expanding full-body MRI conditional labeling is a significant milestone in our continued launch of the Senza System in the United States. The efforts of our R&D and regulatory teams secured this labeling expansion for both current and future patients enabling us to better help individuals with chronic pain who may have additional imaging needs," said Rami Elghandour, President and CEO of Nevro. "We are dedicated to constantly improving the Senza System and the HF10 patient experience to positively impact many more lives with our best in class therapy."
"I incorporated HF10 therapy into my practice because of the compelling clinical evidence, and continue to use it because of the outcomes and benefits I'm seeing first hand with my patients," said Dr. William S. Rosenberg, a Neurosurgeon at the Center for the Relief of Pain in Kansas City. "Adding this expanded full-body conditional MRI compatibility allows me to deliver this effective therapy to an even greater number of patients in pain, while giving all of my patients more available imaging options."
About the Senza® System and HF10® Therapy
The Senza® and Senza II™ systems are the only SCS systems that deliver Nevro's proprietary HF10® therapy, an SCS therapy that provides electrical pulses to the spinal cord to alleviate pain. The electrical pulses are delivered by small electrodes on leads that are placed near the spinal cord and are connected to a compact, battery-powered generator implanted under the skin. HF10 therapy is the only SCS therapy indicated to provide pain relief without paresthesia (a stimulation-induced sensation, such as tingling or buzzing, which is the basis of traditional SCS) and is also the first SCS therapy to demonstrate superiority to traditional SCS for back and leg pain in a comparative pivotal study. Nevro's innovations in SCS, including the Senza System and Senza II System and HF10 Therapy, are covered by more than 150 issued U.S. and international patents.
Headquartered in Redwood City, California, Nevro is a global medical device company focused on providing innovative products that improve the quality of life of patients suffering from debilitating chronic pain. Nevro has developed and commercialized the Senza spinal cord stimulation (SCS) system, an evidence-based, non-pharmacologic neuromodulation platform for the treatment of chronic pain. The Senza® System and Senza II™ System are the only SCS systems that deliver Nevro's proprietary HF10® therapy. Senza, Senza II, HF10, Nevro and the Nevro logo are trademarks of Nevro Corp.
In addition to historical information, this press release contains forward-looking statements with respect to our business, reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including our expectation of receiving full-body MRI conditional labeling of the Senza II SCS System. These forward-looking statements are based upon information that is currently available to us or our current expectations, speak only as of the date hereof, and are subject to numerous risks and uncertainties. These factors are described in greater detail in our Annual Report on Form 10-K that we filed on February 22, 2018, as well as any reports that we may file with the SEC in the future, and may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. We expressly disclaim any obligation, except as required by law, or undertaking to update or revise any such forward-looking statements.
Investor Relations Contact:
Nevro Investor Relations
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SOURCE Nevro Corp.
SAN JOSE, Calif., March 22, 2018 /PRNewswire/ -- 8point3 Energy Partners LP (NASDAQ: CAFD) announced that the Board of Directors of its general partner declared a cash distribution for its Class A shares of $0.2802 per share for the first quarter of 2018. The first quarter distribution will be paid on April 13, 2018 to shareholders of record as of April 3, 2018.
Additionally, the Partnership will announce its first quarter 2018 financial results on Wednesday, March 28, 2018 at 1:05 p.m. Pacific Time. As a result of the pending proposed transactions with CD Clean Energy and Infrastructure V JV, LLC, an investment fund managed by Capital Dynamics, Inc., and certain other co-investors, the Partnership will not be hosting a conference call to discuss its first quarter 2018 results.
About 8point3 Energy Partners
8point3 Energy Partners LP (NASDAQ: CAFD) is a limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. The Partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. For more information about 8point3, please visit: www.8point3energypartners.com.
View original content with multimedia:http://www.prnewswire.com/news-releases/8point3-energy-partners-declares-first-quarter-2018-quarterly-distribution-300618406.html
SOURCE 8point3 Energy Partners LP
SAN FRANCISCO--(BUSINESS WIRE)--To help meet the climate-driven challenge of increasing wildfires and extreme weather events, Pacific Gas and Electric Company (PG&E) today announced a comprehensive Community Wildfire Safety Program.
PG&E is working in close coordination with first responders, civic and community leaders and customers on this program. These efforts will have an immediate impact on reducing wildfire threats and improving safety, in advance of the start of wildfire season in Northern and Central California.
Years of drought, extreme heat and 129 million dead trees have created a “new normal” for California. In the interest of public safety, and following the wildfires in 2017, PG&E is implementing additional precautionary measures intended to reduce the risk of wildfires. PG&E is continuously evolving its operating practices in response to new standards and regulations – but this new normal means even more must be done in partnership to strengthen the safety and resilience of the state’s energy infrastructure.
The multi-faceted program focuses on three key areas:
- bolstering wildfire prevention and emergency response efforts;
- working with customers and first responders to put in place new and enhanced safety measures; and
- doing more over the long term to harden the electric system to help reduce wildfire threats and to keep customers safe.
“Our system and our mindset need to be laser-focused on working together to help prevent devastating wildfires like the ones in the North Bay in October and in Southern California in December from happening again, and in responding quickly and effectively if they do,” said Pat Hogan, PG&E’s senior vice president of Electric Operations. “Extraordinary times call for extraordinary measures, which is what the Community Wildfire Safety Program is all about.”
Among the actions that PG&E is taking:
Wildfire Prevention and Emergency Response
- Establishing a Wildfire Safety Operations Center to monitor wildfire risks in real-time and coordinate prevention and response efforts with first responders.
- Securing additional PG&E firefighting resources to respond to wildfires, protect poles, power lines and other electrical equipment during fires, and assist utility crews working in high fire danger areas.
- Expanding the company’s weather forecasting and modeling by installing a network of PG&E-owned and operated weather stations across the service area.
New and Enhanced Safety Measures
- Augmenting PG&E’s already rigorous vegetation management practices based on the High Fire-Threat District map adopted in January 2018 by the California Public Utilities Commission. New standards require keeping trees and limbs farther away from power lines. We also will be working to create fire safety zones around power lines in the highest fire-threat areas.
- Refining and executing protocols for proactively turning off electric power lines in areas where extreme fire conditions are occurring, and implementing the appropriate communications and resources to help inform, prepare and support our customers and communities.
- Expanding our practice of disabling line reclosers and circuit breakers in high fire-risk areas during fire season.
Electric System Hardening Over the Long Term
- Investing in stronger, coated power lines, spacing lines farther apart to prevent line-on-line contact during wind storms, and replacing wood poles with non-wood poles in the coming years.
- Expanding our practice of pre-treating electric poles with long-term fire retardant in areas where the fire danger is high.
- Partnering with communities to develop and integrate microgrids to help support community facility resilience in the event of major natural disasters.
Hogan, who has participated in recent legislative and regulatory hearings on wildfires, noted that PG&E won’t be able to do this alone. It will require a comprehensive and collaborative partnership that includes civic and community leaders, first responders and other public safety authorities, state leaders, and energy companies.
“All of us need to work together to make decisions and put in place solutions based on the dynamics of climate change and severe weather events,” Hogan said. “Our communities are depending on us to take strong and preventive actions that will protect our state’s energy future and help reduce the risk of wildfire in California.”
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and pge.com/news.
DUBLIN--(BUSINESS WIRE)--The "U.S. Power, Distribution, And Specialty Transformer Market - Analysis And Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The report provides an in-depth analysis of the U.S. power, distribution, and specialty transformer market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
- Power and distribution transformers, excluding parts
- Specialty transformers, excluding fluorescent lamp ballast
- Fluorescent lamp ballasts
- Commercial, institutional, and industrial general-purpose transformers, all voltages
- Power regulators, boosters, and other transformers and parts for all transformers
- Power, distribution, and specialty transformer manufacturing
Key Topics Covered:
1.1 Report Description
1.2 Report Structure
1.3 Research Methodology
2. Executive Summary
2.1 Key Findings
2.2 Market Trends
3. Market Overview
3.1 Market Value
3.2 Trade Balance
3.3 Market Opportunities
3.4 Market Forecast to 2025
4. Domestic Production
4.1 Production in 2008-2016
4.2 Production by Type
4.3 Production by State
4.4 Producer Prices
5.1 Imports in 2007-2016
5.2 Imports by Type
5.3 Imports by Country
5.4 Import Prices by Country
6.1 Exports in 2007-2016
6.2 Exports by Type
6.3 Exports by Country
6.4 Export Prices by Country
7. Competitive Landscape
7.1 Industry Snapshots
7.2 Industry Life Cycle
7.3 Business Locations
7.5 Annual Payroll
7.6 Industry Productivity
7.7 Establishment Size and Legal Form
8. Company Profiles
- Weg Electric Corp.
- C.D. Technologies
- Powell Industries
- Intermatic Incorporated
- Spellman High Voltage Electronics Corporation
- Cooper Power Systems
- Bellofram Corporation
- Transistor Devices
- Delta Star
- Power Partners
- Electro-Mechanical Corporation
- Solomon Transformers
- Kentucky Association of Electric Cooperatives
- Universal Lighting Technologies
- SPX Transformer Solutions
- Central Moloney
- Pioneer Power Solutions
- Pennsylvania Transformer Technology
- Cg Power Systems USA
- Power Paragon
- SPD Electrical Systems
- Instrument Transformers
- GE Drives & Controls
- Pulse Electronics
- ABB Holdings
- Asea Brown Boveri
- ABB Power T & D Company
- Power Products
- GE Grid Solutions
For more information about this report visit https://www.researchandmarkets.com/research/rh5pb2/united_states?w=4
LAS VEGAS--(BUSINESS WIRE)--Xtreme Green Electric Vehicles (XGEV), one of the premier manufacturers of 100 percent electric specialty vehicles, announced that they have officially been granted GSA (Government Services Administration) approval with contract number GS-03F-093AA.
Since 2007, XGEV has been a leader in creating the environmentally green standard for police, military, security, maintenance, and landscaping and off-road commercial users. Each vehicle is designed with the latest technology and the most advanced energy management and electric propulsion systems. XGEV vehicles include all-terrain vehicles (ATVs), police mobility vehicles (PMVs) and the premier three and six-seater X-Force PRO utility terrain vehicles (UTVs).
XGEVs are the brand of choice for corporations and government agencies looking for zero emission vehicles. XGEVs have all the power and ability of gasoline engines, without the particulate pollution or noise pollution and no carbon footprint. Notably, XGEV is the first company in the world to manufacture a full line of zero-emission lithium iron phosphate battery-powered vehicles.
Via the GSA program, states, local, regional and government agencies worldwide, will have the ability to acquire XGEV’s energy efficient vehicles that cost a fraction of what it costs to power gas and diesel-powered engines. Also, with almost 75 percent fewer parts, XGEV vehicles require dramatically less maintenance.
“When I look at our electric vehicles, I am extremely proud of the achievements we have made,” said XGEV Chief Operating Officer, Neil Roth. “The GSA program has solidified XGEV as a brand defined by reliable, efficient and sustainable products, and we feel privileged to be included in their list of exclusive service providers.”
For more information on Xtreme Green Electric Vehicles, visit xgev.com
About Xtreme Green Electric Vehicles
Founded in 2007, Xtreme Green Electric Vehicles is the first company in the world to manufacture a full line of zero-emission lithium iron phosphate battery-powered specialty vehicles, including ATVs, UTVs and PMVs. Each XGEV vehicle has the power and ability of vehicles with internal combustion engines, without the pollution, noise, heat or carbon footprint. The gold standard of environmentally green products, XGEV vehicles are proudly made in the USA, in North Las Vegas, Nevada. For more information, visit: xgev.com.