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Partnership to strengthen Plug's supply chain and help meet growing demand for fuel cells and electrolyzers LONDON, Jan. 31, 2023 /PRNewswire/ -- Plug Power, (NASDAQ: PLUG) (Plug), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Johnson Matthey (JM), a global leader in sustainable technologies, today announced a long-term strategic partnership to accelerate the green hydrogen economy. JM will become an important strategic supplier of MEA components, providing a substantial portion of Plug's demand for catalysts, membranes, and catalyst coated membranes (CCM). Importantly, JM brings security of supply of precious metals, and unique recycling capabilities. This strategic partnership between Plug and JM will support Plug in delivering its targeted revenue of US$5 billion and US$20 billion by 2026 and 2030 respectively. To help achieve these targets, Plug and JM will co-invest in what is expected to be the largest (5GW scaling to 10GW over time) CCM manufacturing facility in the world. The facility will be built in the United States and likely begin production in 2025. Plug and JM will also continue to leverage government incentives from the Inflation Reduction Act in the US and REPowerEU in Europe to push for exponential growth across the hydrogen industry. "Plug is proud to expand our relationship with JM, a highly respected and skilled supply partner with a proven track record," said Plug CEO, Andy Marsh. "This partnership will help us strengthen our supply chain and underpin our ability to deliver on the growing demand for our fuel cells and electrolyzers. With a partner like JM, Plug is in a strong position to be the global leader of the green hydrogen economy." Liam Condon, CEO of Johnson Matthey, added: "For the rapidly developing hydrogen economy, this partnership is a game-changer. By bringing together one of the largest green hydrogen and fuel cell companies in the world with JM's technology and manufacturing capabilities, we're creating volume and scale for green hydrogen that hasn't existed until now. This partnership confirms JM's world class position in catalyst coated membranes, the key performance-defining components of electrolyzers and fuel cells." Plug Power is the leading user of liquid hydrogen with the world's largest fuelling station footprint, as well as over 60,000 fuel cell systems, operating more than one billion hours across the globe. Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers – including Amazon, Carrefour, Walmart and BMW – meet their business goals and decarbonize the economy. JM has been a leader in hydrogen for many years, founded on its core competencies in platinum group metal (PGM) chemistry and catalysis. It has an established Hydrogen Technologies business, with long-standing customer relationships and manufacturing capability of 2GW, with plans to expand to 5GW through a new 3GW gigafactory in Royston, UK. As the world's leading secondary refiner of PGMs JM has pioneered a circular business model for the scarce metals that will also be employed for this contract, and it will look to develop further closed loop solutions. About Plug Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 185 fuelling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolysers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit www.plugpower.com. About Johnson Matthey Johnson Matthey is a global leader in sustainable technologies, catalysing the net zero transition. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet's natural resources. Today, about 13,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information visit www.matthey.com Safe Harbor Statement This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug and JM, including but not limited to statements about: the expected benefits of the long-term strategic partnership between Plug and JM; the expectation that Plug's partnership with JM will strengthen its supply chain and allow Plug to meet its growing demand for electrolyzers and fuel cells; the expectation that the strategic partnership will support Plug in meeting its 2026 and 2030 forecasted revenue targets; the expectation that JM will become an important eternal supplier of MEA components; the ability of Plug and JM to construct the largest catalyst coated membranes manufacturing facility in the world, as well as the expected timing for the construction of such facility; the ability of Plug and JM to leverage government support and grow across the hydrogen industry;and Plug's ability to continue to build its end-to-end hydrogen ecosystem, become the global leader of the green hydrogen economy and decarbonize the economy. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, see Plug's public filings with the Securities and Exchange Commission (the "SEC"), including the "Risk Factors" section of Plug's Annual Report on Form 10-K for the year ended December 31, 2021 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and Plug and JM undertake no obligation to update such statements as a result of new information.
FREMONT, Calif., Jan. 30, 2023 /PRNewswire/ -- BizLink, a leading global interconnect solutions provider, is thrilled to present its comprehensive data center connectivity solutions at booth 1249 of DesignCon 2023 with its product highlights of internal cables, external cables, and power cables and connectors. BizLink commits itself to sustainability while providing high-quality and more efficient products for its customers. With its external active 100G per lane copper solutions, internal SFF-TA-1026 compliant PCIe6 products, and immersion cooling ready power and rack solutions, BizLink is meeting recent data center trends in computing efficiency and stability, data transfer speed, and thermal management. BizLink is thrilled to present its comprehensive data center connectivity solutions at booth 1249 of DesignCon 2023. BizLink's latest 800G active and passive external copper interconnects provide reliable high-speed 112 Gbps/Lane transmission meanwhile significantly reducing the cable outer diameters with ParaLink low dielectric, low loss bulk cables. BizLink's latest active 100G per lane solution over copper will be demonstrated live at booth 1249. With the SFF-TA-1026 NearStack internal interconnect product range, BizLink is able to support up to PCIe Gen6 with 1-meter possible reach distance of passive cables and maintaining pad-to-pad loss budget of ~32dB at 16 GHz for 64 GT/s PAM4 data rate. This makes the products faster and more efficient for cloud server providers. Due to all the components submerged in non-conductive liquid with more efficient thermal management systems, BizLink has developed power busbar connectors, 100G QSFP28 optical immersion cooling pigtails, and BzLiza 150s high-power connectors which are compatible with 3M immersion cooling fluid. BizLink has set up high standards of material selection and reliability tests with its immersion cooling systems. This can be illustrated with samples on DesignCon display. BizLink's product highlights include a comprehensive range of DACs, ACCs, AOCs, loopbacks, and internal high-speed interconnects for various form factors and combinations. BizLink's latest ParaLink twinaxial copper cable generations will be on display at booth 1249 with samples and expert talks, as well as its ORV3 external rack and power solutions of cables and connectors, which include AC power and DC busbar power solutions for power shelves, BBUs, and IT gear. Visit BizLink to learn more. About BizLink BizLink, founded in 1996, is headquartered in Silicon Valley, USA. Our mission is to make interconnection easier and to become a leading global interconnect solution supplier. We support environmentally-conscious industries and improve quality of life through providing essential components, wire harnesses, and cables to a wide variety of industries such as IT Infrastructure, Client Peripherals, Optical Fiber Communications, Telecom and Networking, Electrical Appliances, Healthcare, Factory Automation, Machinery and Sensors, Motor Vehicle, Rolling Stock, Marine, Industrial, and Solar. With flexible production resources and global R&D teams in America, Europe, and Asia, BizLink always provides reliable interconnect solutions in close proximity to markets. BizLink also specializes in offering one-stop EMS and NPI services based on customer's requests. At BizLink, we strive to keep collaborating closely with customers to turn their innovative ideas into reality.
Leading players from the woodworking and furniture manufacturing segment will converge at DELHIWOOD 2023 from the 2-5 March at India Expo Mart, Greater Noida (DELHI NCR) after 4 years. The 2023 edition of DELHIWOOD, organized by NuernbergMesse India will witness participation from 600+ brands from 37+ countries and 10+ country pavilions. NOIDA, India, Jan. 30, 2023 /PRNewswire/ -- THE EVOLUTION OF THE WOODWORKING INDUSTRY, INDIA AT THE FOREFRONT The demand for wooden furniture has increased manifold in India. India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture. The market was valued at $ 17.4 Bn in FY21 and is predicted to reach $ 37.7 billion by 2026. DW IME NM Logos Luigi De Vito, President, Eumabois (European Federation of Woodworking Machinery Manufacturers, SCM Group General Manager and SCM Wood Division Director is upbeat about the scope of the Indian market and Industry, "India enjoys a favourable place in the Asian market, it has the technology, the talent as also the demand. So, all in all it is for sure worthwhile to invest in India looking at the great potential the country has on offer". As a knowledge sharing forum, DELHIWOOD will feature multiple seminars on latest trends and innovations organized by leading Industry associations as well as Skill development programs organized by the Furniture & Fittings Skill Council of India. Visitors including furniture manufacturers, kitchen manufacturers, saw millers, board manufacturers, fittings and component manufactures, traders, architects, builders and interior designers can look forward to the latest in technologies, materials and innovations over the 4-day event. The second edition of 'Wood in Architecture and Design' - one day conference, to be held on the 3rd of March will explore through panel discussions, expert presentations and interesting case studies the application of wood as a construction material. https://w-a-d.in/ INDIA MATTRESSTECH + UPHOLSTERY SUPPLIES EXPO, held concurrently will have on display the latest technology for mattress production machinery and supplies, mattress finishing machinery and supplies, production tools and equipment, upholstery production technology, bed systems, new materials etc. Further information on the event is available at https://www.delhi-wood.com/, http://www.indiamattressexpo.com/ For further information, please contact: Exhibition:Pradeep Kumar GopalPortfolio DirectorE: pradeepkumar.gopal@nm-india.com T: +91-8046748888
SUZUKA, Japan, Jan. 25, 2023 /PRNewswire/ -- NSXe Co. LTD., a Japan-based company providing services for mechanical equipment installation and maintenance, newly released a Wi-Fi vibration sensor, "conanair," in the U.S. in January 2023. NSXe's Wi-Fi sensor enables users to detect bearing damage at a much lower cost than before. The company has started its digital marketing through online database Engineering360. Engineering360's website:https://www.globalspec.com/specsearch/partspecs?partId={6FFA8E2F-947B-4AB7-A9D5-F891DA7B76F8}&comp=109&vid=489633&sqid=107562511 Photo1:https://kyodonewsprwire.jp/prwfile/release/M107523/202301101936/_prw_PI1fl_0UZeLc3o.png Photo2: https://kyodonewsprwire.jp/release/202301101936?p=images Wi-Fi vibration sensor "conanair" and "Under Sampling" technology Conventionally, expensive and high-resolution vibration sensors were thought to be required to capture the impact vibration caused by bearing damage. It has also been believed that inexpensive digital output sensors with low-sampling frequency cannot measure such vibrations, or that high-frequency impact vibrations create a large fold-back noise that impedes measurement. When a bearing is damaged, high-frequency impact vibrations are generated, and the bearing damage can be diagnosed by checking the envelope (change in amplitude) and the interval between the vibrations. (This is an established technology with a track record of more than half a century.) The technology called "Under Sampling" is mainly used in wireless communication systems that must handle high-frequency signals. It makes active use of aliasing noise to handle high-frequency signals even at low sampling frequencies. Using a general-purpose vibration sensor that is capable of "Under Sampling," NSXe confirmed the impact vibration intervals necessary for bearing diagnosis, and it succeeded in manufacturing the inexpensive, low-resolution "conanair." It can capture vibrations, enabling diagnosis of bearing fault. Affordable Wi-Fi vibration sensor "conanair"Just as a doctor would listen to a patient's heart during physical examination, the main purpose of "conanair" is to perform health checks on machinery and equipment. Until now, high-performance, expensive vibration sensors have been required for precision diagnosis, but with this new technology, most of the precision diagnosis of bearing fault can be covered by "conanair" (patent pending). Future developmentTo meet the needs for use in hazardous areas, an explosion-proof version is under development for release by the end of 2023. The company also expects that its inexpensive vibration sensors will be widely used to detect abnormalities in bearings, reduction gears, and various other machines, contributing to IT systems. Product website: https://conanair.com/
AACHEN, Germany, Jan. 23, 2023 (GLOBE NEWSWIRE) -- crop.zone, the specialist for herbicide-free siccation, continues to focus on new partnerships and cooperations. With Tobias Menne as a new member of the advisory board, the company has now gained an important expert in this field. In the long term, the crop.zone strategy is to be expanded and further improved by the competencies and the comprehensive network of the 46-year-old. Tobias Menne recently set up the SmartFarming joint venture between BASF and BOSCH and led it on the supervisory board. He now contributes this expertise to the crop.zone supervisory board in establishing new partnerships. This is an essential lever in managing the company and shaping a strategy to successfully bring crop.zone's hybrid herbicide technology to market. The board works closely with the leadership team to capitalize on future growth opportunities. "Without system breakers in weed management, farmers will not be able to grow sustainably. Digitalisation and sustainability are indispensable nowadays." - Menne In order to make the transition to a new technology accessible to farmers, new business models will emerge between farmers, agricultural machinery manufacturers and technology providers such as crop.zone. As an expert in digital solutions in agriculture, Tobias Menne brings his experience in creating outcome-oriented business models between agricultural retailers and crop protection manufacturers to the table here. "Without system breakers in weed management, farmers will not be able to grow sustainably. Digitalisation and sustainability are indispensable nowadays," explains Tobias Menne. Dirk Vandenhirtz, CEO of crop.zone, is looking forward to the support of Tobias Menne: "New partnerships are of high relevance to establish new innovative solutions and ultimately to advance the agricultural machinery industry and make it fit for the future." Tobias Menne started his professional career in 2003 at Bayer as Managing Director for Bulgaria and Managing Director for Ukraine. He then worked in various management positions at Mriya Agro Holding (Switzerland), Bayer, BASF, xarvio® Digital Farming Solutions. Since January 2023, he is Chief Commercial Officer at constellr, a manufacturer of aerospace components. Tobias Menne studied Digitalisation & Future of Industry at Singularity University in San Francisco and Strategy and Agricultural Economics at Harvard Business School. He completed his Master of Business Administration (MBA) at the University of Bradford with a focus on marketing and finance. Contact Information: Dirk Vandenhirtz CEO - crop.zone dirk.vandenhirtz@crop.zone +1 (919) 251-6320 / +49 2408 598 Related Files crop.zone Pressemitteilung Tobias Menne EN.pdf crop.zone Pressemitteilung Tobias Menne DE.pdf Related Images Image 1: Tobias Menne is appointed to the advisory board of crop.zone crop.zone, the specialist for herbicide-free siccation, continues to focus on new partnerships and cooperations. This content was issued through the press release distribution service at Newswire.com.
The unique and scalable hardware and AI-powered software platform prevents downtime, increases productivity, and reduces emissions, decreasing costs and reducing time spent on physical maintenance. SAN ANTONIO, Jan. 23, 2023 /PRNewswire/ -- Recently, Frost & Sullivan researched the artificial intelligence (AI)-based predictive maintenance industry and, based on its analysis, recognizes Nanoprecise Sci Corp (Nanoprecise) with the 2022 North America New Product Innovation Award. The company provides customized Industrial Internet of Things (IIoT) and AI-based predictive maintenance and condition cum efficiency monitoring solutions for rotating machinery in industrial or building facilities. By effectively monitoring and analyzing vibration, acoustic emissions, magnetic flux, speed, and temperature data, Nanoprecise prevents machine downtime and enhances overall performance & lifespan, thereby reducing the associated emissions. Nanoprecise's IIoT- and AI-based predictive maintenance and condition cum efficiency monitoring solutions allow customers to reduce false positives to less than 5% and false negatives to less than 1%, providing seamless accessibility through an intuitive and open user interface. Nanoprecise Sci Corp MachineDoctor™ is the world's first and only IIoT hardware that offers real-time insights into the health and performance of industrial assets, by measuring 6 important parameters of vibration, acoustic, speed, magnetic flux, temperature, and humidity. It works on Cellular networks (3G/4G/5G) using an e-sim to connect the machines to the internet and lasts for 5 – 8 years in terms of battery life. MachineDoctor™ is Atex and IECEx Zone 0 certified, enabling it to be used within explosive atmospheres/hazardous industrial environments, thereby bringing productivity and safety benefits to manufacturing operations. They are truly wireless, which also helps to avoid the hassles of complex wiring. It offers extensive coverage and also provides a high level of security for communication. RotationLF™ is a scalable and Sensor agnostic platform that monitors the condition of the machines in real time and predicts their Remaining Useful Life. It automatically detects patterns by building a prediction model that identifies when a given piece of equipment and its components are approaching the end of their remaining useful lives or at risk of failure. It receives data from MachineDoctor™ sensors through an encrypted & secured network and analyzes it using a combination of Artificial Intelligence as well as physics-based models, to detect even small changes in the machine, thereby preventing unplanned downtime and increasing the overall efficiency of the manufacturing operations. NrgMonitor™ is an Energy Efficiency feature, which is an addition to the RotationLF™ platform and helps manufacturers track their energy efficiency & carbon footprint. Frost & Sullivan's Senior Consultant, Isaac Premsingh, noted, "Frost & Sullivan recognizes Nanoprecise for its visionary solutions and its continued success in addressing key challenges that customers face across various industries. Its successful use cases demonstrate the company's sought-after partnership position and flexible options for MachineDoctor™ to meet customer needs." "Nanoprecise's flagship products enable 24/7 monitoring and give access to end-to-end capabilities across various wireless connectivity options for all asset management system levels. The company continues to grow by building strategic partnerships across various industries and garnering customer trust, proven by successful use cases," added Steven Lopez, Frost & Sullivan's Best Practices Research Analyst. With its strong overall performance, Nanoprecise earns Frost & Sullivan's 2022 North America New Product Innovation Award in the AI-based predictive maintenance industry. Each year, Frost & Sullivan presents this award to the company that develops an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact:Lindsey WhitakerP: 1.210.477.8457 E: Lindsey.Whitaker@frost.com About Nanoprecise Nanoprecise Sci Corp is an automated AI-based predictive maintenance solution provider that facilitates early detection of even small changes in machine operations well before they impact production or cause downtime. Nanoprecise specializes in the implementation of Artificial Intelligence and IIoT technology for predictive asset maintenance and reducing the carbon footprint of manufacturing plants. We are defining the industry's service standard for the monitoring & analytics of all types of industrial machines, through our leading energy efficiency & health analytics platform for industrial assets. We work with companies across various sectors to help drive their Industry 4.0 journey. Contact: Sunil VedulaP: +1 780 680 2693E: svedula@nanoprecise.io
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