Press release content from Business Wire. The AP news staff was not involved in its creation.
NOV Reports Fourth Quarter and Full Year 2020 Results
February 4, 2021 GMT
HOUSTON (BUSINESS WIRE) Feb 4, 2021
NOV Inc. (NYSE: NOV) today reported fourth quarter 2020 revenues of $1.33 billion, a decrease of four percent compared to the third quarter of 2020 and a decrease of 42 percent compared to the fourth quarter of 2019. Net loss for the fourth quarter of 2020 was $347 million, or -26.1 percent of sales, which included non-cash, pre-tax charges (“Other Items”, see Other Corporate Items for additional detail) of $236 million. Adjusted EBITDA (operating profit excluding depreciation, amortization, and Other Items) decreased $54 million sequentially to $17 million, or 1.3 percent of sales.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Nidec CorporationFebruary 4, 2021 GMT
KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”); all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by nine overseas subsidiaries (the “Stock Acquisition”). Accordingly, Nidec entered into a stock purchase agreement on February 5, 2
Press release content from Wired Release. The AP news staff was not involved in its creation.
Global Power Rental Systems Market In 2021: What Is The Potential For Future Growth?
January 29, 2021 GMT
Pune, Maharashtra, January 29 2021 (Wiredrelease) Market.Biz :Global Power Rental Systems Market 2021: By Type:(Peak Shaving, Continuous Power, Standby Power); By End Use Industry:(Government and Utilities, Oil, Gas and Mining, Construction, Industrial, Events); By Leading Players: (Aggreko, Caterpillar Inc, APR Energy, United Rentals); Regional Analysis; Historical Market and Forecast; Value Chain Analysis; Price Analysis; Market Dynamics; Industry Events and Developments.
The global Power Rental Systems market was hit extremely hard from the first wave of Covid-19. Now that we are beginning feel the effects of the second wave, especially in Europe and America. So to kick things off, we have discussed how the Power Rental Systems Industry reacted to the first wave of Covid back in S
Press release content from Accesswire. The AP news staff was not involved in its creation.
The Energy Harvesting System Market is Expected to Grow at a CAGR of 8%-10% by 2025
January 25, 2021 GMT
DALLAS, TX / ACCESSWIRE / January 25, 2021 / According to a new market report published by Lucintel, the future of the global energy harvesting system market looks promising with opportunities in the home automation, consumer electronics, industrial, transportation, and security industries. The global energy harvesting system market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $810 million by 2025 with a CAGR of 8%-10% from 2019 to 2025. The major drivers for this market are increasing adoption of energy harvesting system in home automation and wearable electronics industry, growing demand for clean energy, and increasing demand for powe