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"The PSI program is an effective pipeline for adding well-trained, highly skilled employees to our workforce," said James A. Sears, Jr., vice president of Potomac Edison.  "By teaming with our veteran linemen and substation personnel, these new employees will help ensure reliable service for our customers, now and in the future." The new lines employees, hometowns and work locations are: Thomas Buch, Pittstown, N.J., Mount Airy, Md.; Garrett Clise, Frostburg, Md., Cumberland, Md.; Todd Custer, Oakland, Md., Oakland; Craig Elwood, Jr., Clear Spring, Md., Williamsport, Md.; James Fania, Annandale, N.J., Mount Airy, Md.; Darren Folk, Hedgesville, W.Va., Martinsburg, W.Va.;  Dalton Funk, Boonsboro, Md., Frederick, Md.; Craig Funk, Grantsville, Md., Cumberland, Md.; Tyler Johnson, Frederick, Md., Frederick; Colton Peck, Swanton, Md., Oakland, Md.; Tylar Penwell, Martinsburg, W.Va., Williamsport, Md.; Leif Sandy, Martinsburg, W.Va., Mount Airy, Md.; and Hunter Weaver, Hedgesville, W.Va., Martinsburg, W.Va. The new substation employees, hometowns and work locations are: Jordan Bobbins, Shinnston, W.Va., system crew; Joseph Klink, Hyndman, Pa., Williamsport, Md.; Bradley Reichard, Tariff, W.Va., system crew; Austin Statler, Core, W.Va., Frederick, Md.; and Ben Weimer, Lonaconing, Md., system crew. PSI is an award-winning, two-year educational program originally developed by FirstEnergy in 2000 to help prepare the company's next generation of utility line and substation workers. The PSI curriculum for lines employees requires two-and-a-half days each week spent at Blue Ridge completing academic course work, with the remainder of the week spent at a Potomac Edison training facility in Williamsport, Md.  The PSI curriculum for substation employees requires a half week spent at Pierpont completing academic course work, with the rest of the week spent at a FirstEnergy facility in White Hall, W.Va.  All students focus on safe work practices and procedures in the electrical environment.  The graduates earned an associate of applied science degree in Electric Utility Technology. Since the program's inception, FirstEnergy has hired 1,102 line and 360 substation personnel who completed PSI programs in Maryland, West Virginia, Ohio, Pennsylvania and New Jersey. For information about how to enroll in the PSI program, call 1-800-829-6801, or go to www.firstenergycorp.com/psi. Potomac Edison serves about 257,000 customers in seven Maryland counties and 137,000 customers in the Eastern Panhandle of West Virginia.  Follow Potomac Edison at www.potomacedison.com, on Twitter @PotomacEdison, and on Facebook at www.facebook.com/PotomacEdison. FirstEnergy is dedicated to safety, reliability and operational excellence.  Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.  The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions.  Visit FirstEnergy online at www.firstenergycorp.com and follow on Twitter at @FirstEnergyCorp. Editor's Note:  Photos of the recent Potomac Edison Power Systems Institute graduates are available upon request. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/potomac-edison-adds-new-line-and-substation-employees-from-power-systems-institute-training-program-300456924.html


News Article | May 8, 2017
Site: www.prnewswire.com

"Severe weather is the single leading cause of power outages in the United States. Don't wait until it's too late to protect your home and family," says Ed Del Grande, a home improvement columnist, author and TV host. "In addition to these simple power hacks, it's important to consider the ultimate power hack for your home this hurricane season – a standby generator." Generator manufacturers like Kohler produce a variety of standby generator models, as well as portable and industrial options depending on your needs. An automatic standby generator is permanently installed outside a home, similar to a central air conditioning unit, and runs on natural gas or liquid propane. When power is lost, a standby generator automatically turns on – often within seconds – meaning that a homeowner does not need to be present to start or refuel the generator. Depending on size, a standby generator can power everything in a home, including lights, heating/cooling systems, refrigerators, sump pumps, home security systems and more. To learn more about backup power options, sizing and costs, visit www.kohlergenerators.com. Kohler Generators – part of Kohler Power Systems – manufactures a complete line of automatic standby generators from 8 kW to 150 kW, which connect to the electrical system of a home or business and quickly restore power following an outage. For more information, visit www.kohlergenerators.com or www.facebook.com/KOHLERPower. Kohler Power Systems is a division of Kohler Co. and provides complete power systems, including generators (portable, residential, industrial, and marine), automatic transfer switches, switchgear, monitoring controls, and accessories for emergency, prime power and energy-management applications. Kohler Power Systems has delivered energy solutions for markets worldwide since 1920. Founded in 1873 and headquartered in Kohler, Wis., Kohler Co. is one of America's oldest and largest privately held companies comprised of more than 30,000 associates. With more than 50 manufacturing locations worldwide, Kohler is a global leader in the manufacture of kitchen and bath products; engines and power systems; premier cabinetry and tile; and owner/operator of two of the world's finest five-star hospitality and golf resort destinations in Kohler and St Andrews, Scotland. For more details, please visit kohler.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kohler-offers-homeowners-hacks-to-help-tackle-power-outages-this-hurricane-season-300453235.html


News Article | May 11, 2017
Site: www.prnewswire.co.uk

The Sacramento Metropolitan Air Quality Management District will hold an event on its all-electric school bus initiative May 12th at 10am, at Martin Luther King Jr. Technology Academy. "The Sacramento Regional School Bus Deployment Project is a great example of how our climate policies are reducing greenhouse gas emissions and creating jobs here in California," said Senator Bob Wieckowski, the chair of the Senate Environmental Quality Committee, whose district includes the City of Hayward, where Motiv Power Systems manufactures its powertrains. "Motiv Power Systems all-electric powertrain kits are increasing the number of students who are transported in zero emission vehicles.  This is especially beneficial to disadvantaged communities where poor air quality has severe health impacts for many residents. This grant puts us on the road to a cleaner California." Diesel-powered vehicles and equipment account for more than two-thirds of all PM emissions from US transportation sources. PM irritates the eyes, nose, throat and lungs, contributing to respiratory and cardiovascular illnesses. It's also estimated that tens of thousands of people nationwide die prematurely each year as a result of particulate pollution. However, research has found that children see improved lung function and have fewer sick days when schools implement cleaner fuel technologies. "Health and safety standards are always important and even more so when transporting our future generations. So seeing Motiv and its partners gain approval for both Federal Motor Vehicle Safety Standards and California Highway Patrol Certification was paramount in providing our district with the right all-electric buses to fit our requirements," said John Clements, retired Director of Transportation at Kings Canyon Unified School District. "Motiv Power Systems has worked with customers and built a great reputation for providing safe, clean and California standard-approved buses in this market. We're pleased to see more districts adopting the all-electric school bus technology we were first to deploy." The new all-electric buses will be powered by Motiv's award-winning all-electric powertrains, which are both designed and manufactured in California, supporting local manufacturing jobs. The buses, Trans Tech's all-electric eSeries built on the Ford E450 chassis, will be distributed by First Priority GreenFleet. "We are thrilled that our partnership with Motiv Power Systems allows us to bring our all-electric eSeries to Sacramento County and the state of California," said Trans Tech President, John Phraner.  "The eSeries is a tremendous complement to our proven lineup of fuel-efficient conventional school buses.  Combining our signature aerodynamic design with the Motiv Power Systems powertrain and Ford E450 chassis provides customers interested in an all-electric Type-A school bus the best choice on the market." "As a father of three small children, it excites me that improving air quality surrounding school transportation is increasingly within reach for many fleets," said Motiv Power Systems CEO Jim Castelaz. "The trend of transitioning from diesel to zero-emission busing is the future, and these 13 buses will be proof of that. We're proud to be working with the Sacramento City school district and hope that more school districts throughout the country follow this movement." As the only all-electric technology approved by Ford for its commercial chassis, the Motiv All-Electric Powertrain has successfully been scaled from school buses in California and New York, to shuttle buses funded by Google and the California Energy Commission, delivery walk-in vans for AmeriPride and North America's only all-electric refuse truck deployed by the City of Chicago. Founded in 2009 and based in Foster City, CA, the award-winning Motiv Power Systems designs and builds flexible and scalable All-Electric Powertrains for commercial medium and heavy-duty trucks and buses. As a Ford Qualified Vehicle Modifier, Motiv partners with existing truck builders who manufacture electric versions of their traditional fossil-fueled vehicles on their current assembly lines using the Motiv All-Electric Powertrain. Common vehicle types from these builders include work, delivery and refuse trucks, as well as school and shuttle buses. The Motiv All-Electric Powertrain is installed at the time of vehicle manufacture, similar to a natural gas or propane upfit. In 2014, Motiv All-Electric Powertrain was named one of Popular Science's Best of What's New technologies. For more information and career opportunities, please visit www.motivps.com and follow us on Twitter @motivps, Facebook and LinkedIn.


FOSTER CITY, California, May 11, 2017 /PRNewswire/ -- MotivPower Systems, in partnership with Type-A school bus manufacturer Trans Tech, is bringing Zero-emission school buses to the Sacramento region as local school districts lead the way in transitioning school bus fleets from diesel to all-electric. Elk Grove Unified School District and Twin Rivers Unified School District will be receiving buses thanks to a $7.5M grant from the California Air Resources Board (CARB) to build 13 zero-emission school buses as part of the Sacramento Regional Zero-Emission School Bus Deployment Project. This is the board's largest school bus grant to date and was the only application approved of all the school bus applications submitted to the state grant program. Beyond freeing buses from the volatility of oil prices, these buses will protect growing children from unnecessary exposure to fossil fuel pollution and particulate matter (PM), also known as soot, while also supporting local manufacturing in the production of the powertrains. The Sacramento Metropolitan Air Quality Management District will hold an event on its all-electric school bus initiative May 12th at 10am, at Martin Luther King Jr. Technology Academy. "The Sacramento Regional School Bus Deployment Project is a great example of how our climate policies are reducing greenhouse gas emissions and creating jobs here in California," said Senator Bob Wieckowski, the chair of the Senate Environmental Quality Committee, whose district includes the City of Hayward, where Motiv Power Systems manufactures its powertrains. "Motiv Power Systems all-electric powertrain kits are increasing the number of students who are transported in zero emission vehicles.  This is especially beneficial to disadvantaged communities where poor air quality has severe health impacts for many residents. This grant puts us on the road to a cleaner California." Diesel-powered vehicles and equipment account for more than two-thirds of all PM emissions from US transportation sources. PM irritates the eyes, nose, throat and lungs, contributing to respiratory and cardiovascular illnesses. It's also estimated that tens of thousands of people nationwide die prematurely each year as a result of particulate pollution. However, research has found that children see improved lung function and have fewer sick days when schools implement cleaner fuel technologies. "Health and safety standards are always important and even more so when transporting our future generations. So seeing Motiv and its partners gain approval for both Federal Motor Vehicle Safety Standards and California Highway Patrol Certification was paramount in providing our district with the right all-electric buses to fit our requirements," said John Clements, retired Director of Transportation at Kings Canyon Unified School District. "Motiv Power Systems has worked with customers and built a great reputation for providing safe, clean and California standard-approved buses in this market. We're pleased to see more districts adopting the all-electric school bus technology we were first to deploy." The new all-electric buses will be powered by Motiv's award-winning all-electric powertrains, which are both designed and manufactured in California, supporting local manufacturing jobs. The buses, Trans Tech's all-electric eSeries built on the Ford E450 chassis, will be distributed by First Priority GreenFleet. "We are thrilled that our partnership with Motiv Power Systems allows us to bring our all-electric eSeries to Sacramento County and the state of California," said Trans Tech President, John Phraner.  "The eSeries is a tremendous complement to our proven lineup of fuel-efficient conventional school buses.  Combining our signature aerodynamic design with the Motiv Power Systems powertrain and Ford E450 chassis provides customers interested in an all-electric Type-A school bus the best choice on the market." "As a father of three small children, it excites me that improving air quality surrounding school transportation is increasingly within reach for many fleets," said Motiv Power Systems CEO Jim Castelaz. "The trend of transitioning from diesel to zero-emission busing is the future, and these 13 buses will be proof of that. We're proud to be working with the Sacramento City school district and hope that more school districts throughout the country follow this movement." As the only all-electric technology approved by Ford for its commercial chassis, the Motiv All-Electric Powertrain has successfully been scaled from school buses in California and New York, to shuttle buses funded by Google and the California Energy Commission, delivery walk-in vans for AmeriPride and North America's only all-electric refuse truck deployed by the City of Chicago. Founded in 2009 and based in Foster City, CA, the award-winning Motiv Power Systems designs and builds flexible and scalable All-Electric Powertrains for commercial medium and heavy-duty trucks and buses. As a Ford Qualified Vehicle Modifier, Motiv partners with existing truck builders who manufacture electric versions of their traditional fossil-fueled vehicles on their current assembly lines using the Motiv All-Electric Powertrain. Common vehicle types from these builders include work, delivery and refuse trucks, as well as school and shuttle buses. The Motiv All-Electric Powertrain is installed at the time of vehicle manufacture, similar to a natural gas or propane upfit. In 2014, Motiv All-Electric Powertrain was named one of Popular Science's Best of What's New technologies. For more information and career opportunities, please visit www.motivps.com and follow us on Twitter @motivps, Facebook and LinkedIn.


News Article | May 9, 2017
Site: marketersmedia.com

supercapacitor is expected to grow from $1.8 billion in 2014 to $2.0 billion in 2015 at a year-on-year (YOY) growth rate of 9.2%.Pune , India - May 9, 2017 /MarketersMedia/ — About Supercapacitor Market Summary The global market for supercapacitor is expected to grow from $1.8 billion in 2014 to $2.0 billion in 2015 at a year-on-year (YOY) growth rate of 9.2%. In addition, the market is expected to grow at a five-year CAGR (2015 to 2020) of 19.1%, to reach $4.8 billion in 2020. Request for Sample Report @ https://www.wiseguyreports.com/sample-request/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020 The competition in the global super capacitor market is intense within a few large players, such as, AVX Corp., Axion Power International, Inc., Beijing HCC Energy Tech. Co., Ltd., CAP-XX, Elna Co. Ltd., Elton, Graphene Laboratories INC., Jianghai Capacitor Co., Ltd, Jiangsu Shuangdeng Group Co., Ltd., Jinzhou Kaimei Power Co., Ltd, KEMET, LS MTRON, Maxwell Technologies INC., Nesscap Energy Inc., Nippon Chemi-Con Corp., Panasonic Co., Ltd., Shanghai Aowei Technology Development Co., Ltd., Skeleton Technologies, Supreme Power Systems Co., Ltd., XG Sciences. Global Market for super capacitor, 2020" discusses the following aspects of global super capacitor market: Global super capacitor market size, share & forecast Segmental analysis of super capacitor, by region, end user industry by type and components Competitive vendor’s landscape and company SWOT analysis. Leave a Query @ https://www.wiseguyreports.com/enquiry/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020 Table Of Content Chapter: One 5 Introduction 7 Objectives 7 Scope 7 Data Sources 7 Disclaimer 8 Chapter: Two 9 Summary 9 Chapter: Three 12 Overview 12 Definition 12 History & Evolution Of Supercapacitor 12 Storage Principle 12 Electrostatic Double-Layer Capacitance 12 Electrochemical Pseudocapacitance 12 Supercapacitor Configuration 13 Electrode 13 Electrolyte 13 Separator 14 Supercapacitor Fabrication 15 Monopolar 15 Bipolar 15 Applications 16 Hybrid Vehicle 16 Electronics Applications 16 Others 16 Chapter: Four 17 Research And Development And Patent Analysis 17 Chapter: Five 28 Global Market Forecast For The Supercapacitor Market 28 Global Market Forecast For Supercapacitor By End Application 29 Global Market Forecast For Supercapacitor Market By Region 31 Global Market Forecast For Supercapacitor Market In Consumer Application By Region 33 Global Market Forecast For Supercapacitor Market In Industrial Application By Region 35 Global Market Forecast For Supercapacitor Market In Public Sector Application By Region 37 Global Market Forecast For Supercapacitor Market In Medical Application By Region 39 Global Market Forecast For Supercapacitor Market In Automotive Application By Region 41 Global Market Forecast For Supercapacitor Market In Aerospace & Defense Application By Region 43 Global Market Forecast For Supercapacitor Market In Energy Application By Region 45 Global Market Forecast For Supercapacitor Market In Smart Grid Application By Region 47 Global Market Forecast For Supercapacitor Market In Other Applications By Region 49 Global Market Forecast For Supercapacitor End Application By Type 51 Global Market Forecast For Supercapacitor For Consumer Products By Type 51 Global Market For The Supercapacitor For Industrial Products By Type 53 Global Market For The Supercapacitor For Automotive By Type 55 Global Market For The Supercapacitor For Energy Application By Type 57 Global Market For The Supercapacitor For Medical Products By Type 59 Chapter: Six 61 Market Drivers And Challenges 61 Smart Devices Changing The Demand Landscape 61 Increasing In Smart Grids And Renewable Energy 64 Growth Of Wind Energy Industry 65 Use Of Supercapacitors In Automotives 68 Operation In Wide Temperature Range 69 Supercapacitor Rapid Technological Advancement 71 Competition With Batteries Well-Established In Market 74 Chapter: Seven 76 Vendors Landscape And Company Profiles 76 Avx Corporation 77 Axion Power International, Inc 80 Beijing Hcc Energy Tech.Co. Ltd 82 Cap-Xx Ltd 83 Elna Co. Ltd 85 Elton 86 Graphene Laboratories Inc 87 Nantong Jianghai Capacitor Co., Ltd 88 Jiangsu Shuangdeng Group Co., Ltd 89 Jinzhou Kaimei Power Co., Ltd 90 Kemet 91 Ls Mtron 93 Purchase a Licensed Copy @ https://www.wiseguyreports.com/sample-request/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020 Continued.... Contact US: sales@wiseguyreports.com Ph: +1-646-845-9349 (US), Ph: +44 208 133 9349 (UK) Contact Info:Name: NORAH TRENTEmail: sales@wiseguyreports.comOrganization: WISE GUY RESEARCH CONSULTANTS PVT LTDAddress: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028Phone: +91 841 198 5042Source URL: http://marketersmedia.com/supercapacitor-market-2017-global-analysis-opportunities-and-forecast-to-2022/196274For more information, please visit https://www.wiseguyreports.com/sample-request/464917-global-market-for-supercapacitor-2015-2020-market-for-supercapacitor-2015-2020Source: MarketersMediaRelease ID: 196274


« Motiv Power Systems to power 13 electric school buses in California pilot | Main | TM4 and Cummins jointly developing range-extended electric plug-in powertrain for Class 7/8 buses » Half-bridge circuits are the centerpiece of many voltage converters. Fraunhofer Institute for Applied Solid State Physics IAF has now produced and demonstrated the world’s first monolithically integrated GaN half bridge for the important 600 volt class. In power electronics components, this is the standard volt class for grid-connected electrical devices, ranging from tablets and washing machines to e-bikes and electric cars. Monolithic integration combines several components on a single GaN chip, enabling extremely small, powerful systems to be created. Besides being very compact, monolithically integrated half-bridge circuits have significantly better electronic properties. For example, the switching frequency can be improved by a factor of around 10 in comparison with conventional voltage converters. A switching frequency of up to 3 MHz allows us to achieve a much greater power density. This is very important in areas such as e-mobility, where many converters which are as efficient as possible have to be fitted in very little space. —Richard Reiner, research associate at Fraunhofer IAF in the Power Electronics business unit Monolithically integrated half bridges are more compact, are easier to assemble and improve reliability. Fraunhofer IAF’s half-bridge circuit comprises two GaN high electron mobility transistors (HEMT) and two integrated freewheeling diodes. The HEMTs have a breakdown voltage of more than 600 volts and an on-state resistance of 120 mΩ. A folded chip layout enables the DC link capacitance to be tightly connected between the supply voltage and ground. This design creates an optimized power path and allows for clean, stable switching at high frequencies. The operation of this circuit was demonstrated at the 4th IEEE Workshop on Wide Bandgap Power Devices and Applications (WiPDA) in a down converter from 400 to 200 volts at a switching frequency of 3 MHz. Even more complex circuits, such as a monolithically integrated multilevel inverter, have already been produced using this GaN-on-Si technology. In this topology, ten GaN power devices are placed on one chip with an area of 2 x 3 mm2. Each switch has a breakdown voltage of 400 volts in off state and a resistance of 350 mΩ in on state. Compared with conventional converters, multilevel inverters generate less noise during DC/AC conversion. This means that they require smaller output filters. Monolithic integration therefore not only reduces costs, but also makes voltage converters more compact and lightweight. This converter was demonstrated in inverters operating at the grid voltage level used in the US (120 volts). Covering long distances without generating any emissions requires not only powerful batteries but also the development of lightweight electric cars which generate as little energy as possible. This can only be accomplished using electronic components based on semiconductor materials such as gallium nitride (GaN), which in contrast to silicon carbide (SiC) can be grown as epitaxial layer on cost-effective, large area silicon substrates. When used to produce electronic components for electric vehicles, GaN enables higher power densities to be achieved more energy efficiently. The aim of car manufacturers and users is to develop extremely efficient on-board chargers for electric vehicles which take up as little space as possible. Their compact design minimizes negative influences such as line impedances, improving the electrical switching characteristics. The integration of additional sensor technology, such as a thermal monitoring system, improves operation even further. Fraunhofer IAF is presenting its monolithically integrated half-bridge circuit at PCIM Europe in Nuremberg, 16-18 May 2017.


News Article | May 9, 2017
Site: www.businesswire.com

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--H2O.ai, the company bringing AI to enterprises, today announced that it has partnered with IBM to offer its next-generation AI platform, GPU-powered machine learning, and best-of-breed Deep Learning on IBM’s Power® Systems platform. IBM has collaborated with fellow technology industry leaders through the OpenPOWER Foundation to radically redesign the platform at the chip and system levels by incorporating the use of a wide range of accelerators to achieve greater levels of performance than available on traditional commodity servers. IBM’s POWER architecture with the new NVLink™ interface provides an advanced and affordable platform for high performance analytics. The new NVLink™ interconnects seen in IBM Power Systems S822LC (codename: ‘Minsky’) machines open a much wider path between the CPU and GPU, enabling H2O’s next generation AI platform to get maximum performance gains possible. H2O.ai next generation AI software – best-of-breed Machine Learning and Deep Learning that is optimized for GPUs – can now take advantage of IBM’s POWER architecture to provide enterprises with fastest performance possible and the best price-performance advantage for AI computing. IBM customers can also run H2O algorithms through the IBM Data Science Experience platform to manage and collaborate on data science projects. In addition, H2O is also available on the IBM’s Biginsights and IOP platform for enterprises. “H2O’s interpretable, accurate and fast algorithms democratize the monetization of data with AI. IBM Power Systems provides a resilient and highly available computing platform for H2O.AI customers,” said Sri Ambati, CEO and co-founder of H2O.ai. “We are excited to partner with the IBM team to amplify the transformation of the enterprise with AI.” H2O is the standard open-source AI platform of choice for enterprise businesses. More than 9,000 enterprises and a third of the Fortune 500 Companies are using H2O.ai’s open source platform to derive value from data with machine learning and deep learning and receive real-time insights and make actionable decisions. “In 5 years, A.I. will be behind your every decision. We want to put the most powerful AI software in the hands of our customers and H2O is a complementary addition to the IBM PowerAI deep learning software distribution,” said Sumit Gupta, VP, HPC, AI and Analytic at IBM. “H2O running on IBM Power Systems enables enterprises to leverage the best of breed software on IBM’s powerful hardware to get more value of their data.” H2O.ai has enjoyed a banner year so far. Some of H2O’s mission critical applications include predictive maintenance, operational intelligence, security, fraud, auditing, churn, credit scoring, user based insurance, predicting sepsis, ICU monitoring and more. The company was named a Strong Performer in The Forrester Wave™: Predictive Analytics & Machine Learning (PAML) Solutions, Q1 2017 report by Forrester Research in March, a Visionary in Gartner’s February Magic Quadrant and one of CB Insights’ AI 100 in January. For more information about H2O.ai, please visit www.h2o.ai. H2O.ai is focused on bringing AI to businesses through software. Its flagship product is H2O, the leading open source platform that makes it easy for financial services, insurance and healthcare companies to deploy AI and deep learning to solve complex problems. More than 9,000 organizations and 80,000+ data scientists depend on H2O for critical applications like predictive maintenance and operational intelligence. The company -- which was recently named to the CB Insights AI 100 -- is used by 169 Fortune 500 enterprises, including 8 of the world’s 10 largest banks, 7 of the 10 largest insurance companies and 4 of the top 10 healthcare companies. Notable customers include Capital One, Progressive Insurance, Transamerica, Comcast, Nielsen Catalina Solutions, Macy's, Walgreens and Kaiser Permanente. Follow us on Twitter @h2oai. To learn more about H2O customer use cases, please visit http://www.h2o.ai/customers/ Join the Movement.


ARMONK, N.Y., May 10, 2017 /PRNewswire/ -- IBM (NYSE: IBM) today announced a significant new release of its PowerAI deep learning software distribution on Power Systems that attacks the major challenges facing data scientists and developers by simplifying the development experience with to...


DALLAS, May 09, 2017 (GLOBE NEWSWIRE) -- P10 Industries, Inc. (OTC:PIOE), formerly Active Power, Inc., today announced that the OTC has established a new trading symbol for its shares of common stock, PIOE.  All holders of the company’s common stock are receiving new shares of common stock, on a 1:1 basis.  Before the shares can trade, after the effective date of its prepackaged plan of reorganization under Chapter 11 of the Federal Bankruptcy Code, a market maker in the common stock must file a Form 211 with FINRA, indicating compliance with Rule 15c2-11 under the Securities Exchange Act of 1934, before a broker-dealer can post a quotation for the company’s stock. Once the filing is completed and cleared by FINRA, trading in the stock will commence. The company has no control over the timing of the Form 211 process or when trading will commence. “It is our understanding that there are market makers that are engaged in the process of filing a Form 211 with FINRA, and we are hopeful that trading in our stock under the symbol PIOE will start once FINRA receives and approves the filings,” said Mark A. Ascolese CEO of P10 Industries. P10 Industries also announced that its financial results for the quarter ended March 31, 2017 will be available by the end of May. Certain statements in this press release are forward-looking and are based upon the company’s current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that the company plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future are forward-looking statements.  Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include, but are not limited to, the ability to implement the company’s business plan and known trends and uncertainties, as described in the company's Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the company's actual results and plans could differ materially from those expressed in the forward-looking statements. About P10 Industries P10 Industries is a company led by proven, experienced business leaders aimed at monetizing intellectual property assets and acquiring profitable businesses in the commercial and industrial markets to generate profit and positive cash flows, ultimately creating long-term shareholder value. P10’s current business commenced on November 19, 2016, following completion of an asset acquisition of its Active Power assets by Piller Power Systems, Inc. (formerly known as Piller USA, Inc.), a subsidiary of Langley Holdings PLC. Active Power changed its name to P10 Industries pursuant to the terms of the acquisition agreement. For more information, visit www.p10industries.com. P10 Industries stock trades on the OTC Pink Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. P10 Industries stock trades under the symbol “PIOE.”


News Article | May 8, 2017
Site: globenewswire.com

ANN ARBOR, Mich., May 08, 2017 (GLOBE NEWSWIRE) -- Arotech Corporation (Nasdaq:ARTX) today announced financial results for the quarter ended March 31, 2017. “Arotech’s first quarter 2017 results, as anticipated, include revenue for the quarter that was less than a year ago, though better than the previous quarter. The engineering based development programs we are currently executing have required us to add engineering staff in both of our US operations to meet demand, but are absent the typical hardware components that help to immediately drive higher revenues,” said acting Arotech CEO Dean Krutty. “We continued to invest in the quarter in important hybrid power developments, bringing our total investment over the last five quarters to more than a million dollars in this technology, which we expect to be very meaningful to our future. Additionally, our contributions to the US Marine Corps’ Amphibious Assault Vehicle Survivability Upgrade program during the quarter supported important test milestones that have led to the beginning of low rate initial production.” “Our new battery plant in Sderot, Israel set a new standard for battery line efficiency in the quarter, and is achieving an exceptionally low failure rate after some earlier difficulties. This bodes well for the large backlog of battery orders we expect to deliver from that plant this year.” “And finally, we were pleased to announce the long anticipated sole-source follow on to our successful VCTS program for the US Army. We look forward to again meeting the Army’s challenge of providing technically exceptional solutions to train soldiers in route clearance tactics and procedures,” concluded Mr. Krutty. Arotech affirms its 2017 outlook for total revenue of $93 to $103 million, with adjusted earnings per share (Adjusted EPS) of $0.20 to $0.24, and adjusted EBITDA of $7.5 million to $8.5 million. This outlook includes only organic contribution, and does not take any potential acquisition activity into account. The financial guidance provided is as of today and Arotech undertakes no obligation to update its estimates in the future. Revenues from continuing operations for the first quarter were $22.3 million, compared to $25.4 million for the corresponding period in 2016, and $21.5 million in the preceding quarter. The decrease from a year ago is the result of a decrease in VCTS related revenue from a year ago. Gross profit for the first quarter was $6.5 million, or 29% of revenues, compared to $7.7 million, or 30% of revenues, for the corresponding period in 2016. Operating expenses were $6.7 million in the first quarter of 2017, down from $7.5 million for the corresponding period in 2016. “We continue to be vigilant in managing our overhead expenses. We have trimmed our G&A expenses while investing in our future growth through sales and marketing and research and development activities,” Krutty said in comparing first quarter 2017 to the first quarter of 2016. Operating loss for the first quarter of 2017 was $(227,000), compared to an operating income of $143,000 for the corresponding period in 2016. Arotech’s net loss from continuing operations for the first quarter of 2017 was $(768,000), or $(0.03) per basic and diluted share, compared to a net loss from continuing operations of $(382,000), or $(0.02) per basic and diluted share, for the corresponding period in 2016. Adjusted Earnings per Share (Adjusted EPS) for the first quarter of 2017 was $0.01, compared to $0.04 for the corresponding period in 2016. Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) for the first quarter of 2017 was $1.0 million, compared to $800,000 for the previous quarter, and $1.9 million for the corresponding period of 2016. Arotech believes that information concerning Adjusted EBITDA and Adjusted EPS enhances overall understanding of its current financial performance. Arotech computes Adjusted EBITDA and Adjusted EPS, which are non-GAAP financial measures, as reflected in the tables below. As of March 31, 2017, Arotech had $8.8 million in cash and cash equivalents, as compared to December 31, 2016, when Arotech had $7.4 million in cash and cash equivalents. As of March 31, 2017, Arotech had total debt of $16.1 million, consisting of $5.8 million in short-term bank debt under its credit facility and $10.3 million in long-term loans. This is in comparison to December 31, 2016, when Arotech had total debt of $13.5 million, consisting of $3.0 million in short-term bank debt under its credit facility and $10.5 million in long-term loans. Arotech also had $5.7 million in available, unused bank lines of credit with its primary bank as of Mach 31, 2017, under a $15.0 million revolving credit facility and a $10.0 million term loan and a $1.0 million mortgage that were secured by the assets of Arotech and Arotech’s U.S. subsidiaries. As of December 31, 2016, Arotech had net operating loss carryforwards for U.S. federal income tax purposes of $46.9 million, which are available to offset future taxable income, if any, expiring in 2021 through 2032. Utilization of U.S. net operating losses is subject to annual limitations due to provisions of the Internal Revenue Code of 1986 and similar state provisions. Arotech accrued $219,000 in non-cash tax expenses in the first quarter of 2017, reflecting the uncertainty of the deductibility of intangible expenses for federal income tax purposes. Arotech had a backlog as of March 31, 2017 of $52.2 million. This compares to a backlog of $57.7 for the same period last year and a backlog of $55.4 as of December 31, 2016. Arotech will host a conference call tomorrow, Tuesday, May 9, 2017 at 9:00 am Eastern Time, to review Arotech’s financial results and business outlook. To participate, please call one of the following telephone numbers. Please dial in at least 10 minutes before the start of the call: The conference call will also be broadcast live as a listen-only webcast on the investor relations section of Arotech’s website at http://www.arotech.com/. The online webcast will be archived on the Arotech’s website for at least 90 days and a telephonic playback of the conference call will also be available by calling 1-877-481-4010 within the U.S. and 1-919-882-2331 internationally. The telephonic playback will be available beginning at 12:00 p.m. Eastern time on Tuesday, May 9, 2017, and continue through 11:59 p.m. Eastern time on Tuesday, May 16, 2017. The replay passcode: 10370. Arotech Corporation is a leading provider of quality defense and security products for the military, law enforcement and homeland security markets, including multimedia interactive simulators/trainers and advanced battery solutions, innovative energy management and power distribution technologies, and lithium batteries and chargers. Arotech operates two major business divisions: Training and Simulation, and Power Systems. Arotech is incorporated in Delaware, with corporate offices in Ann Arbor, Michigan, and research, development and production subsidiaries in Michigan, South Carolina, and Israel. For more information on Arotech, please visit Arotech’s website at www.arotech.com. Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary materially. These risks and uncertainties include, but are not limited to, risks relating to: product and technology development; the uncertainty of the market for Arotech’s products; changing economic conditions; delay, cancellation or non-renewal, in whole or in part, of contracts or of purchase orders (including as a result of budgetary cuts resulting from automatic sequestration under the Budget Control Act of 2011); and other risk factors detailed in Arotech’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and other filings with the Securities and Exchange Commission. Arotech assumes no obligation to update the information in this release. Reference to Arotech’s website above does not constitute incorporation of any of the information thereon into this press release. To supplement Arotech’s consolidated financial statements presented in accordance with U.S. GAAP, Arotech uses a non-GAAP measure, Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA). This non-GAAP measure is provided to enhance overall understanding of Arotech’s current financial performance. Reconciliation of the nearest GAAP measure to adjusted EBITDA follows:

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