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News Article | May 10, 2017
Site: www.enr.com

Union Pacific will spend $3.1 billion in 2017 on various railroad infrastructure projects across its network. According to the firm, which operates railroad tracks and trains in more than 23 states, areas earmarked for rail infrastructure upgrades include: Texas, $452 million; California, $181 million; Arkansas, $135 million; Louisiana, $79 million; Oregon, $77.1 million; Kansas, $57 million; and Nebraska, $57 million. In the Southwest, that includes $26.8 million for Nevada and $24.7 million for Arizona. A dollar amount for New Mexico was not made available. Based in Omaha, the company is spending on its rail infrastructure to, “increase safety and minimize delays as trains travel through communities across Nevada,” said Wes Lujan, Union Pacific vice president of Public Affairs for the Western Region. A considerable amount of that money will be put towards track or bridge maintenance, or to install rock ballast, Union Pacific says. When it comes to the Arizona and Nevada projects, timelines are flexible, said Justin E. Jacobs, a Union Pacific spokesperson.  “We will do these as they become feasible,” Jacobs said. “It’s based on where the crews are.” Between 2012 and 2016, the company says it has invested more than $244 million to improve Nevada’s transportation infrastructure. The company says its Nevada projects in 2017 will be completed without assistance from taxpayers. Jacobs said Union Pacific will hire subcontractors to work on upcoming projects, but would not disclose which firms. Jacobs added that since 2000, Union Pacific has invested $51 billion of its own money throughout its network, or between $2 billion and $4 billion annually.


VISTA, Calif., May 08, 2017 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground service equipment, announced today the expansion of its national sales effort with the appointment of Tod Kilgore as National Accounts Sales Director and Jason Ladin as Regional Sales Manager, Western Region. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bce1cd40-e685-4cca-a4a7-d46d965c66f3 Messrs. Kilgore and Ladin are charged with accelerating sales of Flux’s innovative UL listed lithium-ion LiFT Pack batteries which replace conventional lead-acid batteries in walkie pallet jack forklifts. Walkies are the ubiquitous material handling workhorses for delivery trucks, retail stores, warehouses and depots within material handling-intensive industries such as food, beverages, groceries and snacks, retail and consumer products. Flux’s lithium-ion battery solutions deliver improved efficiency, performance, charging, safety and environmental impact and a substantially longer useful life that deliver compelling total cost of ownership savings that have garnered significant attention with fleet managers. Flux continues to ramp its LiFT Pack production that is focused on large business operations, producing 150 packs in March and targets reaching 250 packs per month this fall. Flux CEO, Ron Dutt, commented, “Tod and Jason have tremendous excitement and confidence in the opportunity for our lithium-ion batteries to deliver greater performance and return on investment in the material handling industry. Tod has the experience to lead and grow Flux’s sales team and reach into major national accounts across the U.S. Jason brings hands-on experience selling and servicing equipment for forklift customers as well as a detailed understanding of the realities of decade’s old lead-acid battery technology. “Their drive and proven ability to build enduring customer relationships should accelerate Flux’s ability to convert our broad base of customer interest – validated by LiFT Pack pilots and initial purchases – into expanded partner engagement and accelerating customer sales.” Mr. Kilgore commented, “I was attracted to Flux because of their clear differentiation in the market as well as their success in introducing new battery technology to a conservative industry in a relatively short period of time. Driving efficiency and reducing costs in the supply chain is one critical path to enhancing profitability in businesses that rely upon intensive material handling operations. Flux’s first-mover leadership in assisting customers achieve those objectives creates a very exciting career opportunity, particularly given that we are still in the early stages of the commercialization process.” Mr. Kilgore is a results oriented leader with strong track record of performance building and leading world-class sales and marketing teams for industrial technology based companies. He joins Flux Power from Sanmina Corporation where he served as Senior Director for Business Development, following prior leadership positions within the electrical equipment engineering and contract manufacturing industries. Mr. Ladin has sales experience, accomplishment and a network of client relationships from nearly a decade selling motive power batteries and chargers. Having seen first hand the potential for lithium-ion solutions to replace lead acid batteries, he decided to join Flux and help drive adoption of the new storage technology. About Flux Power Holdings, Inc. (www.fluxpwr.com) Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system (BMS) and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets. This release contains projections and other "forward-looking statements" relating to Flux’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, the Company’s ability to timely obtain UL Listing for its products, the Company’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Company believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, Company can give no assurance that such statements will prove to be correct, and that the Company’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Company assumes no obligation to update these statements or the reasons why actual results could differ from those projected. Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.


Ms. Ciraolo and Mr. Nanavati will focus on complex and sophisticated civil tax controversies, including sensitive audits, administrative appeals, and litigation in in the U.S. Tax Court, federal district and appellate courts, and state tax tribunals; related tax advice, including advice on uncertain tax positions, financial reporting, claims for refund, amended returns, voluntary disclosures, and internal investigations; and representation of individuals and institutions in white collar and criminal tax investigations and prosecutions. "I am delighted to join the talented and distinguished team at Kostelanetz & Fink, a firm with a national and international reputation for effectively and efficiently resolving their clients' most challenging problems. I look forward to providing the unique insights I developed inside and outside of the Justice Department," said Ms. Ciraolo. Mr. Nanavati added "I am honored to join Kostelanetz & Fink. I have always held the firm's lawyers in great esteem for their commitment to providing their clients the finest legal services with creativity, efficiency and collegiality." As Acting Assistant Attorney General, Ms. Ciraolo managed all aspects of Tax Division operations, including the Swiss Bank Program, which, under her leadership, held 80 Swiss financial institutions accountable for facilitating tax evasion by U.S. accountholders. Her tenure at the Department also was marked by increased civil and criminal employment tax enforcement and a focus on traditional tax crimes. Previously, Ms. Ciraolo practiced in Baltimore, Maryland, representing clients in all phases of state and federal civil and criminal tax controversies. Mr. Nanavati spent more than a decade as a federal and state prosecutor, most recently serving as an Assistant Chief in the Tax Division's Criminal Enforcement Section for the Western Region.  He joins Kostelanetz & Fink from a leading national law firm, where he maintained an international practice, focusing on white collar criminal defense and investigations. He represents individuals and entities facing complex investigations and prosecutions. Kostelanetz & Fink, LLP enjoys an unparalleled national reputation for representing clients in sensitive and high-stakes negotiations and controversies with government agencies, including tax audits and trials, regulatory investigations, white collar criminal defense and complex litigation.  The Firm is dedicated to providing the finest legal services in all phases of representation, from factual development, through an audit or investigation, to trial or negotiated resolution. The Firm also maintains an active practice providing tax planning advice, estate planning and representation in government procurement and government contracting. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kostelanetz--fink-expands-to-dc-former-head-of-doj-tax-division-and-former-assistant-chief-of-criminal-enforcement-to-launch-new-washington-office-300456102.html


Ms. Ciraolo and Mr. Nanavati will focus on complex and sophisticated civil tax controversies, including sensitive audits, administrative appeals, and litigation in in the U.S. Tax Court, federal district and appellate courts, and state tax tribunals; related tax advice, including advice on uncertain tax positions, financial reporting, claims for refund, amended returns, voluntary disclosures, and internal investigations; and representation of individuals and institutions in white collar and criminal tax investigations and prosecutions. "I am delighted to join the talented and distinguished team at Kostelanetz & Fink, a firm with a national and international reputation for effectively and efficiently resolving their clients' most challenging problems. I look forward to providing the unique insights I developed inside and outside of the Justice Department," said Ms. Ciraolo. Mr. Nanavati added "I am honored to join Kostelanetz & Fink. I have always held the firm's lawyers in great esteem for their commitment to providing their clients the finest legal services with creativity, efficiency and collegiality." As Acting Assistant Attorney General, Ms. Ciraolo managed all aspects of Tax Division operations, including the Swiss Bank Program, which, under her leadership, held 80 Swiss financial institutions accountable for facilitating tax evasion by U.S. accountholders. Her tenure at the Department also was marked by increased civil and criminal employment tax enforcement and a focus on traditional tax crimes. Previously, Ms. Ciraolo practiced in Baltimore, Maryland, representing clients in all phases of state and federal civil and criminal tax controversies. Mr. Nanavati spent more than a decade as a federal and state prosecutor, most recently serving as an Assistant Chief in the Tax Division's Criminal Enforcement Section for the Western Region.  He joins Kostelanetz & Fink from a leading national law firm, where he maintained an international practice, focusing on white collar criminal defense and investigations. He represents individuals and entities facing complex investigations and prosecutions. Kostelanetz & Fink, LLP enjoys an unparalleled national reputation for representing clients in sensitive and high-stakes negotiations and controversies with government agencies, including tax audits and trials, regulatory investigations, white collar criminal defense and complex litigation.  The Firm is dedicated to providing the finest legal services in all phases of representation, from factual development, through an audit or investigation, to trial or negotiated resolution. The Firm also maintains an active practice providing tax planning advice, estate planning and representation in government procurement and government contracting. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kostelanetz--fink-expands-to-dc-former-head-of-doj-tax-division-and-former-assistant-chief-of-criminal-enforcement-to-launch-new-washington-office-300456094.html


VISTA, Calif., May 08, 2017 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground service equipment, announced today the expansion of its national sales effort with the appointment of Tod Kilgore as National Accounts Sales Director and Jason Ladin as Regional Sales Manager, Western Region. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bce1cd40-e685-4cca-a4a7-d46d965c66f3 Messrs. Kilgore and Ladin are charged with accelerating sales of Flux’s innovative UL listed lithium-ion LiFT Pack batteries which replace conventional lead-acid batteries in walkie pallet jack forklifts. Walkies are the ubiquitous material handling workhorses for delivery trucks, retail stores, warehouses and depots within material handling-intensive industries such as food, beverages, groceries and snacks, retail and consumer products. Flux’s lithium-ion battery solutions deliver improved efficiency, performance, charging, safety and environmental impact and a substantially longer useful life that deliver compelling total cost of ownership savings that have garnered significant attention with fleet managers. Flux continues to ramp its LiFT Pack production that is focused on large business operations, producing 150 packs in March and targets reaching 250 packs per month this fall. Flux CEO, Ron Dutt, commented, “Tod and Jason have tremendous excitement and confidence in the opportunity for our lithium-ion batteries to deliver greater performance and return on investment in the material handling industry. Tod has the experience to lead and grow Flux’s sales team and reach into major national accounts across the U.S. Jason brings hands-on experience selling and servicing equipment for forklift customers as well as a detailed understanding of the realities of decade’s old lead-acid battery technology. “Their drive and proven ability to build enduring customer relationships should accelerate Flux’s ability to convert our broad base of customer interest – validated by LiFT Pack pilots and initial purchases – into expanded partner engagement and accelerating customer sales.” Mr. Kilgore commented, “I was attracted to Flux because of their clear differentiation in the market as well as their success in introducing new battery technology to a conservative industry in a relatively short period of time. Driving efficiency and reducing costs in the supply chain is one critical path to enhancing profitability in businesses that rely upon intensive material handling operations. Flux’s first-mover leadership in assisting customers achieve those objectives creates a very exciting career opportunity, particularly given that we are still in the early stages of the commercialization process.” Mr. Kilgore is a results oriented leader with strong track record of performance building and leading world-class sales and marketing teams for industrial technology based companies. He joins Flux Power from Sanmina Corporation where he served as Senior Director for Business Development, following prior leadership positions within the electrical equipment engineering and contract manufacturing industries. Mr. Ladin has sales experience, accomplishment and a network of client relationships from nearly a decade selling motive power batteries and chargers. Having seen first hand the potential for lithium-ion solutions to replace lead acid batteries, he decided to join Flux and help drive adoption of the new storage technology. About Flux Power Holdings, Inc. (www.fluxpwr.com) Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system (BMS) and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets. This release contains projections and other "forward-looking statements" relating to Flux’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, the Company’s ability to timely obtain UL Listing for its products, the Company’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Company believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, Company can give no assurance that such statements will prove to be correct, and that the Company’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Company assumes no obligation to update these statements or the reasons why actual results could differ from those projected. Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.


News Article | May 12, 2017
Site: news.europawire.eu

HELSINKI, 12-May-2017 — /EuropaWire/ — Lemminkäinen and the Norwegian Public Road Administration’s Northern Region have signed an agreement on the rebuilding of the FV6 Hagebyveien road in Harstad, northern Norway. Construction work is due to start in May 2017 and will be completed in November 2018. The contract includes the construction of sidewalks, public transport stops, concrete and stone walls as well as pipelines for water and sewage. In western Norway, Lemminkäinen and the Norwegian Public Road Administration’s Western Region have signed an agreement on the rebuilding of the FV556 Hjellestadvegen road between Blomsterdalen and the Ådland bridge. Construction work is due to start in May 2017 and will be completed in December 2019. The contract includes widening the road and building a cycle track with sidewalks. A 78-meter concrete bridge will be built in connection of straightening two sharp curves of the road. The total value of the contracts is approximately EUR 20 million. Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,700 professionals we employ, we build a sustainable society. In 2016, our net sales were EUR 1.7 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com


VISTA, Calif., May 08, 2017 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground service equipment, announced today the expansion of its national sales effort with the appointment of Tod Kilgore as National Accounts Sales Director and Jason Ladin as Regional Sales Manager, Western Region. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bce1cd40-e685-4cca-a4a7-d46d965c66f3 Messrs. Kilgore and Ladin are charged with accelerating sales of Flux’s innovative UL listed lithium-ion LiFT Pack batteries which replace conventional lead-acid batteries in walkie pallet jack forklifts. Walkies are the ubiquitous material handling workhorses for delivery trucks, retail stores, warehouses and depots within material handling-intensive industries such as food, beverages, groceries and snacks, retail and consumer products. Flux’s lithium-ion battery solutions deliver improved efficiency, performance, charging, safety and environmental impact and a substantially longer useful life that deliver compelling total cost of ownership savings that have garnered significant attention with fleet managers. Flux continues to ramp its LiFT Pack production that is focused on large business operations, producing 150 packs in March and targets reaching 250 packs per month this fall. Flux CEO, Ron Dutt, commented, “Tod and Jason have tremendous excitement and confidence in the opportunity for our lithium-ion batteries to deliver greater performance and return on investment in the material handling industry. Tod has the experience to lead and grow Flux’s sales team and reach into major national accounts across the U.S. Jason brings hands-on experience selling and servicing equipment for forklift customers as well as a detailed understanding of the realities of decade’s old lead-acid battery technology. “Their drive and proven ability to build enduring customer relationships should accelerate Flux’s ability to convert our broad base of customer interest – validated by LiFT Pack pilots and initial purchases – into expanded partner engagement and accelerating customer sales.” Mr. Kilgore commented, “I was attracted to Flux because of their clear differentiation in the market as well as their success in introducing new battery technology to a conservative industry in a relatively short period of time. Driving efficiency and reducing costs in the supply chain is one critical path to enhancing profitability in businesses that rely upon intensive material handling operations. Flux’s first-mover leadership in assisting customers achieve those objectives creates a very exciting career opportunity, particularly given that we are still in the early stages of the commercialization process.” Mr. Kilgore is a results oriented leader with strong track record of performance building and leading world-class sales and marketing teams for industrial technology based companies. He joins Flux Power from Sanmina Corporation where he served as Senior Director for Business Development, following prior leadership positions within the electrical equipment engineering and contract manufacturing industries. Mr. Ladin has sales experience, accomplishment and a network of client relationships from nearly a decade selling motive power batteries and chargers. Having seen first hand the potential for lithium-ion solutions to replace lead acid batteries, he decided to join Flux and help drive adoption of the new storage technology. About Flux Power Holdings, Inc. (www.fluxpwr.com) Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system (BMS) and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets. This release contains projections and other "forward-looking statements" relating to Flux’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, the Company’s ability to timely obtain UL Listing for its products, the Company’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Company believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, Company can give no assurance that such statements will prove to be correct, and that the Company’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Company assumes no obligation to update these statements or the reasons why actual results could differ from those projected. Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.


VISTA, Calif., May 08, 2017 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground service equipment, announced today the expansion of its national sales effort with the appointment of Tod Kilgore as National Accounts Sales Director and Jason Ladin as Regional Sales Manager, Western Region. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bce1cd40-e685-4cca-a4a7-d46d965c66f3 Messrs. Kilgore and Ladin are charged with accelerating sales of Flux’s innovative UL listed lithium-ion LiFT Pack batteries which replace conventional lead-acid batteries in walkie pallet jack forklifts. Walkies are the ubiquitous material handling workhorses for delivery trucks, retail stores, warehouses and depots within material handling-intensive industries such as food, beverages, groceries and snacks, retail and consumer products. Flux’s lithium-ion battery solutions deliver improved efficiency, performance, charging, safety and environmental impact and a substantially longer useful life that deliver compelling total cost of ownership savings that have garnered significant attention with fleet managers. Flux continues to ramp its LiFT Pack production that is focused on large business operations, producing 150 packs in March and targets reaching 250 packs per month this fall. Flux CEO, Ron Dutt, commented, “Tod and Jason have tremendous excitement and confidence in the opportunity for our lithium-ion batteries to deliver greater performance and return on investment in the material handling industry. Tod has the experience to lead and grow Flux’s sales team and reach into major national accounts across the U.S. Jason brings hands-on experience selling and servicing equipment for forklift customers as well as a detailed understanding of the realities of decade’s old lead-acid battery technology. “Their drive and proven ability to build enduring customer relationships should accelerate Flux’s ability to convert our broad base of customer interest – validated by LiFT Pack pilots and initial purchases – into expanded partner engagement and accelerating customer sales.” Mr. Kilgore commented, “I was attracted to Flux because of their clear differentiation in the market as well as their success in introducing new battery technology to a conservative industry in a relatively short period of time. Driving efficiency and reducing costs in the supply chain is one critical path to enhancing profitability in businesses that rely upon intensive material handling operations. Flux’s first-mover leadership in assisting customers achieve those objectives creates a very exciting career opportunity, particularly given that we are still in the early stages of the commercialization process.” Mr. Kilgore is a results oriented leader with strong track record of performance building and leading world-class sales and marketing teams for industrial technology based companies. He joins Flux Power from Sanmina Corporation where he served as Senior Director for Business Development, following prior leadership positions within the electrical equipment engineering and contract manufacturing industries. Mr. Ladin has sales experience, accomplishment and a network of client relationships from nearly a decade selling motive power batteries and chargers. Having seen first hand the potential for lithium-ion solutions to replace lead acid batteries, he decided to join Flux and help drive adoption of the new storage technology. About Flux Power Holdings, Inc. (www.fluxpwr.com) Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system (BMS) and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets. This release contains projections and other "forward-looking statements" relating to Flux’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, the Company’s ability to timely obtain UL Listing for its products, the Company’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Company believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, Company can give no assurance that such statements will prove to be correct, and that the Company’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Company assumes no obligation to update these statements or the reasons why actual results could differ from those projected. Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.


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

According to India LLDPE Market Study,2011-2025, report studies the market size and share of various applications of the LLDPE market in India during 2011-2025. In the study, the market has been categorized into four broader applications that includes Butene film, higher-alpha-olefin (HAO) film, roto moulding, high flow and extrusion coating, wherein Butene film is the dominating application of LLDPE and HAO film registered as the fastest growing application during 2016-2025. The market dynamics section of the report elaborates the factors that are driving the market as well as the challenges inhibiting growth. The research study also includes insights of the key market trends, a detailed analysis of the changing competitive landscape, and revenue forecasts for each segment and sub-segment. In addition, report also provides customers analysis including current suppliers, procurement prices & quantity being purchased annually. All this information is provided to assist the established market players and new entrants in taking their strategic decisions, thereby aiding them in strengthening their market position in a highly competitive LLDPE market in India. India LLDPE Market Study, 2011-2025 report elaborates the following aspects of LLDPE market in India: - India LLDPE Market Size, Share & Forecast - Segmental Analysis - By Application (Butene Film, higher-alpha-olefin (HAO) Film, roto moulding, High Flow and extrusion coating); By Region (Western Region, Southern Region, Eastern Region, and Northern Region); By Company (Reliance Industries Limited (RIL), Gas Authority of India Limited (Gail), Indian Oil Corporation Limited (IOCL), Haldia Petrochemicals Limited (HPL)) - Market Attractiveness Index Analysis - Competitive Landscape - Leading Customer Analysis For more information about this report visit http://www.researchandmarkets.com/research/s2xjgl/india_lldpe Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/india-lldpe-market-analysis--forecasts-report-2011-2025---research-and-markets-300453198.html


VISTA, Calif., May 08, 2017 (GLOBE NEWSWIRE) -- Flux Power Holdings, Inc. (OTCQB:FLUX), a developer of advanced lithium batteries for industrial applications including electric forklifts and airport ground service equipment, announced today the expansion of its national sales effort with the appointment of Tod Kilgore as National Accounts Sales Director and Jason Ladin as Regional Sales Manager, Western Region. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bce1cd40-e685-4cca-a4a7-d46d965c66f3 Messrs. Kilgore and Ladin are charged with accelerating sales of Flux’s innovative UL listed lithium-ion LiFT Pack batteries which replace conventional lead-acid batteries in walkie pallet jack forklifts. Walkies are the ubiquitous material handling workhorses for delivery trucks, retail stores, warehouses and depots within material handling-intensive industries such as food, beverages, groceries and snacks, retail and consumer products. Flux’s lithium-ion battery solutions deliver improved efficiency, performance, charging, safety and environmental impact and a substantially longer useful life that deliver compelling total cost of ownership savings that have garnered significant attention with fleet managers. Flux continues to ramp its LiFT Pack production that is focused on large business operations, producing 150 packs in March and targets reaching 250 packs per month this fall. Flux CEO, Ron Dutt, commented, “Tod and Jason have tremendous excitement and confidence in the opportunity for our lithium-ion batteries to deliver greater performance and return on investment in the material handling industry. Tod has the experience to lead and grow Flux’s sales team and reach into major national accounts across the U.S. Jason brings hands-on experience selling and servicing equipment for forklift customers as well as a detailed understanding of the realities of decade’s old lead-acid battery technology. “Their drive and proven ability to build enduring customer relationships should accelerate Flux’s ability to convert our broad base of customer interest – validated by LiFT Pack pilots and initial purchases – into expanded partner engagement and accelerating customer sales.” Mr. Kilgore commented, “I was attracted to Flux because of their clear differentiation in the market as well as their success in introducing new battery technology to a conservative industry in a relatively short period of time. Driving efficiency and reducing costs in the supply chain is one critical path to enhancing profitability in businesses that rely upon intensive material handling operations. Flux’s first-mover leadership in assisting customers achieve those objectives creates a very exciting career opportunity, particularly given that we are still in the early stages of the commercialization process.” Mr. Kilgore is a results oriented leader with strong track record of performance building and leading world-class sales and marketing teams for industrial technology based companies. He joins Flux Power from Sanmina Corporation where he served as Senior Director for Business Development, following prior leadership positions within the electrical equipment engineering and contract manufacturing industries. Mr. Ladin has sales experience, accomplishment and a network of client relationships from nearly a decade selling motive power batteries and chargers. Having seen first hand the potential for lithium-ion solutions to replace lead acid batteries, he decided to join Flux and help drive adoption of the new storage technology. About Flux Power Holdings, Inc. (www.fluxpwr.com) Flux Power develops advanced lithium-ion batteries for industrial uses, including its first-ever UL 2271 Listed lithium-ion “LiFT Pack” forklift batteries. Flux solutions utilize its proprietary battery management system (BMS) and in-house engineering and product design. Flux batteries deliver improved performance, extended cycle life and lower total cost of ownership than legacy lead-acid solutions. Flux sells primarily to lift equipment OEM’s, their dealers and battery distributors. Current products include advanced battery packs for motive power in the lift equipment and airport ground support markets. This release contains projections and other "forward-looking statements" relating to Flux’s business, that are often identified by the use of "believes," "expects" or similar expressions. Forward-looking statements involve a number of estimates, assumptions, risks and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include the development and success of new products, projected sales, the Company’s ability to timely obtain UL Listing for its products, the Company’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Company believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, Company can give no assurance that such statements will prove to be correct, and that the Company’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Company assumes no obligation to update these statements or the reasons why actual results could differ from those projected. Flux, Flux Power and associated logos are trademarks of Flux Power Holdings, Inc. All other third party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

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