IAE
Brno, Czech Republic
IAE
Brno, Czech Republic

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News Article | February 16, 2017
Site: www.greencarcongress.com

« Ballard signs $25M deal with Broad-Ocean for manufacture & sales of 30 and 85 kW fuel cell systems in China | Main | Hyundai begins rollout of Ioniq Hybrid, PHEV and EV; most efficient non-plug vehicle, most efficient EV in US; powertrain discussion » The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) and the Brazilian aerospace agency Agência Espacial Brasileira (AEB) have successfully completed the first burn tests for two newly designed injection heads enabling the development of a new rocket that is fueled with oxygen and alcohol. The final injection head will eventually be the core of the new L75 liquid propellant rocket engine (LPRE), intended to propel a Brazilian small launch vehicle in the future. The engine delivers 75 kN thrust, fueled with liquid oxygen and ethanol, with a burn time of up to 400 seconds. (For comparison, Space X’s Falcon 9’s second stage—used to place large payloads into orbit—is powered by a single Merlin engine with 934 kN thrust. Falcon 9’s first stage delivers 7,607 kN at sea level.) The burn test series for the upper stage engine was completed within the framework of a German-Brazilian partnership established in 2011. In order to find the optimum technology for the propulsion of a future German-Brazilian rocket, two injection heads based on different concepts were developed in parallel. In this first series, we have achieved all our major test objectives. A total of 42 ignitions were successfully carried out over a period of 20 days. During these tests, we were able to closely analyze, among other things, the ignition behavior and stability of the system during ignition and start-up of the thrust chamber. From this we have gained important insights for further engine development. The tests took place at the P8 test facility of the DLR Institute of Space Propulsion at the Lampoldshausen site between July and December 2016. The two injection heads differ in how the fuel is sprayed into the combustion chamber and mixed. One system was developed by the Instituto de Aeronáutica e Espaço (IAE) in Brazil; the other developed and built in Germany by Airbus Safran Launchers as part of the SALSA project (system design of an alcohol LOX propulsion as a substitute for storable fuels). The new technology makes it possible to use ethanol as fuel. Ethanol, like methane, is being considered as a greener alternative that is more environmentally friendly and has less adverse health effects than the hydrazine compounds generally used for space travel. In addition to these positive effects, these new fuels can also significantly reduce the cost of space travel, since the cost for safe storage and handling of these substances is significantly lower than that for hydrazine. In Europe, how long hydrazine will continue to be approved as a fuel under the REACH regulation (Registration, Evaluation, Authorization and Restriction of Chemicals) is questionable. This European Union regulation has been controlling the authorization and use of chemical substances since it came into force in 2007. In Europe, there is only one facility for testing engine components for orbital rockets—i.e. rockets that can transport a payload into orbit—with ethanol fuel: the P8 test facility at the DLR site in Lampoldshausen. The burn test series is part of a German-Brazilian partnership that was initiated in 2011 between the German Aerospace Center and the Brazilian space agency Agência Espacial Brasileira (AEB). It focuses on cooperation in the areas of engine development, high-altitude research rockets and research into weightlessness. The L75 engine and one of the two injection heads were developed, built and financed by the Instituto de Aeronáutica e Espaço in Brazil. The planning, execution and evaluation of the test series, as well as the production of the second injection head, were coordinated by Airbus Safran Launchers GmbH on behalf of the DLR Space Administration and carried out with funding from the German Federal Ministry for Economic Affairs and Energy (BMWi).


News Article | February 17, 2017
Site: www.marketwired.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States ABERDEEN, SCOTLAND--(Marketwired - Feb 17, 2017) - Ithaca Energy Inc. (TSX: IAE) ( : IAE) ("Ithaca" or the "Company") is pleased to announce the successful start-up of production from the Stella field. Production has been started from the field and oil export to the adjacent shuttle tanker has commenced. The production ramp-up phase will commence when the on-going commissioning of the gas processing and compression facilities is complete. Further information on the status of Stella field operations will be provided when the Company issues its 2016 Financial Results in late March 2017. About Ithaca Energy Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com. Forward-looking Statements Some of the statements and information in this press release are forward-looking. Forward-looking statements and forward-looking information (collectively, "forward-looking statements") are based on the Company's internal expectations, estimates, projections, assumptions and beliefs as at the date of such statements or information, including, among other things, assumptions with respect to production, drilling, construction and maintenance times, inspection and remediation times, well completion times, development schedules, risks associated with operations, future capital expenditures, continued availability of financing for future capital expenditures and future cash flow. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. When used in this press release, the words and phrases like "anticipate", "continue", "estimate", "expect", "may", "will", "project", "plan", "should", "believe", "could", "target", "forecast" and similar expressions, and the negatives thereof, whether used in connection with operational activities, the initial production of hydrocarbons from the Stella field and the timing thereof, the completion of gas processing and compression facilities commissioning and the timing thereof, the ramp-up in Stella field production and timing thereof, production forecasts, duration and timing of planned maintenance shutdowns, anticipated capital expenditures and activities associated therewith, anticipated operating expenditures, estimated development costs, or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations, or the assumptions underlying these expectations, will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These forward-looking statements speak only as of the date of this press release. Ithaca expressly disclaims any intention or obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based except as required by applicable securities laws. Any "financial outlook" contained in this press release, as such term is defined by applicable securities laws, is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information on assumptions used to develop forward-looking information and on risk factors that could affect Ithaca's operations and financial results and / or cause actual results to differ materially from forward-looking information are included in the Company's Management Discussion and Analysis for the quarter ended 30 September 2016 and the Company's Annual Information Form for the year ended 31 December 2015 and in reports which are on file with the Canadian securities regulatory authorities and may be accessed through the Company's SEDAR profile on the SEDAR website (www.sedar.com). This information is provided by RNS The company news service from the London Stock Exchange


News Article | November 25, 2016
Site: www.marketwired.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") provides an update on the status of the on-going Stella field commissioning programme and the expected schedule for start-up of production. Activities on the offshore commissioning programme for the FPF-1 floating production facility are well advanced and preparation for start-up of the Stella field is on-going. During routine inspections, faults on a number of electrical junction boxes on the vessel's processing facilities have been identified and a programme of necessary repairs is underway. All other preparations are on plan. Start-up is now anticipated in early January 2017, upon completion of this additional work. Les Thomas, Chief Executive Officer, commented: "The safety and integrity of the facility is paramount and we must ensure that everything is done meticulously in advance of the introduction of hydrocarbons into the facility. Although any delay to start-up at this stage is frustrating, the value of a thorough inspection programme has been proven and we look forward to completion of this work and the imminent start-up of production." About Ithaca Energy Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com. Forward-looking Statements Some of the statements and information in this press release are forward-looking. Forward-looking statements and forward-looking information (collectively, "forward-looking statements") are based on the Company's internal expectations, estimates, projections, assumptions and beliefs as at the date of such statements or information, including, among other things, assumptions with respect to production, drilling, construction and maintenance times, well completion times, risks associated with operations, required regulatory, partner and other third party approvals, commodity prices, future capital expenditures, continued availability of financing for future capital expenditures, future acquisitions and dispositions and cash flow. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. When used in this press release, the words and phrases like "anticipate", "continue", "estimate", "expect", "may", "will", "project", "plan", "should", "believe", "could", "target", "in the process of", "on track","set to" and similar expressions, and the negatives thereof, whether used in connection with operational activities, the planned activities and durations associated with the FPF-1 offshore commissioning programme, the anticipated timing of Stella first hydrocarbons, production forecasts, projected operating costs, anticipated capital expenditures and capital programme, anticipated effects of securing access to the GSA oil export pipeline and the expected timing of securing such access, portfolio investment opportunities, expected tax horizon of the Company, planned maintenance shutdowns and the effects thereof, or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations, or the assumptions underlying these expectations, will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These forward-looking statements speak only as of the date of this press release. Ithaca Energy Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based except as required by applicable securities laws. Additional information on these and other factors that could affect Ithaca's operations and financial results are included in the Company's Management Discussion and Analysis for the three and nine month periods ended 30 September 2016 and the Company's Annual Information Form for the year ended 31 December 2015 and in reports which are on file with the Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). This information is provided by RNS The company news service from the London Stock Exchange


News Article | December 5, 2016
Site: www.marketwired.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 358,331 Common Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM. Admission of the newly issued Common Shares is expected to occur on 8 December 2016. Each new Common Share will rank pari passu with the existing Common Shares. Following the issue and allotment of the new Common Shares, the Company will have a total of 412,142,376 Common Shares in issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting shares in the Company is therefore 412,142,376. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Services Authority's Disclosure and Transparency Rules. The total number of Common Shares under option is now 25,369,805, representing approximately 5.8% of the total shares outstanding and under option. About Ithaca Energy Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States This information is provided by RNS The company news service from the London Stock Exchange


News Article | November 2, 2016
Site: www.prnewswire.com

AIR SHOW CHINA, Nov. 2, 2016 /PRNewswire/ -- Shenzhen Airlines has selected the V2500 engine to power 13 firm Airbus A320ceo family aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt...


News Article | December 12, 2016
Site: www.marketwired.com

TSX: IAE; LSE: IAE --- Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. (TSX: IAE; LSE: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 440,000 Common Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM. Admission of the newly issued Common Shares is expected to occur on 15 December 2016. Each new Common Share will rank pari passu with the existing Common Shares. Following the issue and allotment of the new Common Shares, the Company will have a total of 412,582,376 Common Shares in issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting shares in the Company is therefore 412,582,376. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules. The total number of Common Shares under option is now 24,929,805, representing approximately 5.7% of the total shares outstanding and under option. About Ithaca Energy Ithaca Energy Inc. (TSX: IAE; LSE: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States This information is provided by RNS The company news service from the London Stock Exchange


News Article | December 16, 2016
Site: www.marketwired.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca" or the "Company") announces that it has issued an additional 116,666 Common Shares in the Company resulting from the exercise of share options and has applied for these to be admitted to trading on AIM. Admission of the newly issued Common Shares is expected to occur on 22 December 2016. Each new Common Share will rank pari passu with the existing Common Shares. Following the issue and allotment of the new Common Shares, the Company will have a total of 412,699,042 Common Shares in issue with one voting right per Common Share. There are no Common Shares held in treasury. The total number of voting shares in the Company is therefore 412,699,042. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules. The total number of Common Shares under option is now 24,813,139, representing approximately 5.7% of the total shares outstanding and under option. About Ithaca Energy Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries and the exploitation of its existing UK producing asset portfolio. Ithaca's strategy is centred on generating sustainable long term shareholder value by building a highly profitable 25kboe/d North Sea oil and gas company. For further information please consult the Company's website www.ithacaenergy.com. Not for Distribution to U.S. Newswire Services or for Dissemination in the United States


News Article | November 2, 2016
Site: globenewswire.com

The Air France-KLM and Air France Boards of Directors met today and decided to change the Group's governance, to support the implementation of the Trust Together project and to enhance the decision-making process. The functions of Chairman and CEO of Air France are now separate, and Jean-Marc Janaillac, Chairman of Air France-KLM has also been appointed Chairman of Air France. Franck Terner, the current Executive Vice-President Engineering and Maintenance at Air France-KLM, has been appointed CEO of Air France. Frédéric Gagey has been appointed Chief Financial Officer of the Air France-KLM group, replacing Pierre-François Riolacci, who announced his intention to leave a few months ago. "I have complete faith in the qualities of Franck Terner to accelerate the transformation and growth of Air France, and mobilize all the Company's energy around the success of the Trust Together project. Franck Terner has spent his entire career in the Group, which he knows perfectly. He will be an excellent leader for Air France staff. He has a results-oriented culture and wide experience of social dialogue, which gives him everything he needs to succeed in his mission to serve the growth of Air France and the restoration of trust" declared Jean-Marc Janaillac. Born on 12 April 1960, Franck Terner is an Engineer, a graduate of the École Nationale Supérieure Electronique et Application (ENSEA), the Conservatoire national des Arts et Métiers (CNAM) and the Institut d'Administration des Entreprises (IAE) in Paris. Franck Terner joined Air France in 1988 as a Concorde production engineer. In 1989, he was in charge of scheduling and planning at the Maintenance Division of Air France and, in 1992, of production at repair workshops for on board equipment and in 1994, in charge of Concorde maintenance. In 1997, he took responsibility for Light Maintenance at Orly and, in 2000, for the Maintenance of the Air France medium-haul fleet. In 2002, he was appointed Head of Aircraft Maintenance at Regional, an Air France subsidiary, and in 2007 Executive Vice President Operations and Support at Regional. In 2008, he was appointed Chief Operating Officer at Regional. In 2010, he was appointed Vice President of Air France Industries. Since July 1st, 2013, he has been Executive Vice-President Engineering and Maintenance, Air France-KLM. He was appointed CEO of Air France on 2 November 2016.


AIR SHOW CHINA, Nov. 2, 2016 /PRNewswire/ -- Bank of Communications Financial Leasing Co., Ltd. has selected the V2500 engine to power 10 firm Airbus A321ceo aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose...


News Article | November 2, 2016
Site: www.prnewswire.com

AIR SHOW CHINA, Nov. 2, 2016 /PRNewswire/ -- Air China has selected the V2500 engine to power 18 firm Airbus A320ceo family aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt &...

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