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Site: http://www.greencarcongress.com/

« PennDOT selects Trillium CNG team for $84.5M CNG fueling station project | Main | Navigant Research projects annual capacity of second-life EV batteries for stationary energy storage to reach 11 GWh by 2035 » In a new report, Grand View Research, Inc. forecasts that the global lead acid battery market will reach US$76.44 billion by 2022. Growth of the automotive industry in Indonesia, Mexico, India, Vietnam and Thailand is expected to propel the industry. Growing preference for pollution free hybrid & electric vehicles along with technological development is expected to drive lead acid battery demand over the forecast period. VRLA (valve-regulated lead-acid) batteries are forecast to grow at a CAGR of 6.4% from 2015 to 2022 due to their increasing application in UPS systems, engines, security systems, backup power, emergency lighting systems, cell phone towers and radio communication systems. In addition, its low maintenance cost along with easy installation will fuel growth over the forecast period. Further key findings from the report suggest: SLI (starting, lighting, ignition) was the largest product segment and accounted for 60.3% of market share in 2014. The segment is likely to witness lucrative growth over the next seven years in light of its high rate cranking current delivery in automotive applications. Moreover, growing demand for passenger cars as a result of higher living standards and improving infrastructure facilities will promote growth over the forecast period. Materials handling vehicles were valued at $4.43 billion in 2014 and are expected to witness strong growth in light of increasing requirements for forklifts, mainly in China and India, due to their increasing prevalence as trading and transit hubs for logistic transport. High investment by players including Toyota and Konecranes will augment demand. Europe was the second-largest market and accounted for more than 24.8% of the global share in 2014. Increasing investment in eco-innovations including electric bikes, cranes and forklift will aid industry expansion. Growing demand for e-bikes along with solar power systems in UK, Germany, and Netherlands will stimulate industry growth. Asia Pacific will witness significant gains due to growing demand for UPS solutions owing to the rapid development of data centers and the IT sector. China is expected to witness high gains in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors. The global lead acid battery industry is dominated by Johnson Controls, Exide Technologies, GS YUASA, EnerSys, East Penn Manufacturing Co., and ATLASBX Co., Ltd.


News Article | January 19, 2016
Site: http://www.ogj.com

CNOOC Ltd. reported on its business strategy and development plans for 2016.


It was already on public record that Andrey Andreev, the low-profile Russian founder of European dating behemoth Badoo, is an investor in female-led dating app Bumble, the Tinder competitor founded by ex-Tinder founding team member Whitney Wolfe. However, TechCrunch can now reveal a number of previously unreported details of Wolfe and Andreev’s partnership, including that Andreev invested via Badoo Trading Ltd, the U.K.-registered operator of Badoo, and that the multi-billion dollar company is in actual fact the majority owner of Bumble. But before we dig a little deeper into Badoo’s relationship with Bumble, here’s a quick recap of Bumble’s founding story, which goes something like this: After Wolfe controversially left Tinder, including filing a lawsuit against the company for sexual harassment and workplace discrimination, she begun thinking about a new startup idea, a social network for young girls, focused on positivity. That’s when Badoo’s Andreev got in touch. The two met up in around August of 2014 and, after realising they both had a similar vision for where online dating could go next, a partnership was formed. Wolfe then went about assembling a team, including persuading two other ex-Tinder employees, Sarah Mick (previously VP of design at Tinder) and Chris Gulczynski (co-founder/CCO at Tinder), to come on board, initially as consultants. The new venture, Bumble, would launch on December 1st 2014. A recent company filing for Bumble Holding Limited — the U.K.-registered entity behind Bumble — shows the exact equity breakdown of the company. Most strikingly, Badoo has a whopping 79 per cent stake in Bumble, making it by far the majority owner. And, as you’d then expect, in second place is Bumble founder Wolfe with an ownership stake of 20 per cent. Fellow ex-Tinder employees, Mick and Gulczynski, make up the remaining 1 per cent. “Badoo and Bumble are separate companies. Andrey Andreev, via Badoo, invested in Bumble as a startup,” Bumble told me in a statement after I pressed for further details regarding the relationship between the two entities. “As is well publicized and documented, Andrey Andreev and Whitney Wolfe decided to partner on a new company in 2014. Badoo invested in this new project — the new project became Bumble.” The company also stressed that the investment is strategic from both sides, enabling Bumble to not simply fundraise, but to “strategically tap into the wealth of experience held by Badoo as a global market leader”. “It also allows for Bumble to scale, without needing to seek outside capital,” adds Bumble. “That is an important part of what makes this a highly unique and opportune deal. For a company like Bumble with such incredible growth, this strategic move has been invaluable when it has come to easily and seamlessly solving common startup issues such as scale and infrastructure.” And while the benefits of having a strategic investor with the deep pockets of Badoo shouldn’t be underestimated — the dating app space is incredibly competitive right now and isn’t easy for new entrants to break into — it’s worth re-iterating that Wolfe is in every sense the founder and CEO of Bumble. I’m told that the startup operates as an autonomous, independent company, and always will do, with its staff, head office, and HQ in Austin, Texas. It’s also my understanding that the thinking behind Badoo’s large stake in Bumble, and in turn, Wolfe’s smaller stake, is that it will enable the startup to grow indefinitely without the need for numerous further funding rounds, which would see Wolfe’s stake diluted significantly anyway. As the statement above says, Badoo’s investment should allow Bumble “to scale, without needing to seek outside capital”. None of which should take away from Wolfe and her team at Bumble’s success to date. The app boasts 3.5 million users since launching just shy of 15 months ago. It’s also been steadfast in its female-led approach, an underserved portion of the market. In Bumble, women are required to make the first move, and I’m told have done so over 36 million times via the app — a number that suggests Wolfe’s vision for a new type of dating app is actually working.


News Article | August 22, 2016
Site: http://www.ogj.com

Imperial Oil Ltd., Calgary, said the northern Alberta wildfires and planned maintenance contributed to a $181-million (Can.) loss in the second quarter. A year earlier, the company earned $120 million.


News Article | April 26, 2016
Site: http://www.ogj.com

Husky Energy Inc., Calgary, is to sell a 65% interest in certain midstream assets in the Lloydminster region of Alberta and Saskatchewan to Cheung Kong Infrastructure Holdings Ltd. and Power Assets Holdings Ltd. (PAH).

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