Aurora Closes Business Combination with Over $1.8 Billion in Gross Proceeds and Cash on Hand
Company to Begin Trading on November 4 on Nasdaq Under Ticker Symbol “AUR” Proceeds raised plus cash on balance sheet are expected to fund Aurora through commercialization milestone and into 2024 Proceeds from the business combination represent the largest-ever autonomous vehicle or robotics company primary raise in a go-public transaction PITTSBURGH–(BUSINESS WIRE)–#aurora–Self-driving technology company Aurora […]
Fisker Inc. Announces Third Quarter 2021 Financial Results
Q3 2021 operating results consistent with expectations and full-year total spending guidance unchanged. Successful Green Convertible Bond offering in August bolstered cash balance to $1.40 billion as of September 30, 2021 compared to $962 million as of June 30, 2021. Secured long-term commitment for over 5 GWh’s of initial annual battery supply from global leader […]
Iteris Reports 18% Revenue Growth Year Over Year for First Half of Fiscal 2022 and Maintains Full Year Revenue Guidance of $134 Million to $142 Million
SANTA ANA, Calif.–(BUSINESS WIRE)–$ITI #IoT—Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal second quarter 2022 ended September 30, 2021. During the first quarter of fiscal 2021, the company completed the sale of its Agriculture and Weather Analytics segment to DTN, LLC. The results of […]
The Manitowoc Company Reports Third-Quarter 2021 Results
Net Sales of $404.5 million, up 13.8% year-over-year Orders of $535.2 million, up 37.3% year-over-year Updates full-year guidance MILWAUKEE–(BUSINESS WIRE)–The Manitowoc Company, Inc. (NYSE: MTW), (the “Company” or “Manitowoc”) a leading global manufacturer of cranes and lifting solutions, today reported a third-quarter loss of $(0.2) million, or $(0.01) per diluted share. Third-quarter adjusted net income(1) […]
Wejo to Participate in Upcoming Conferences
MANCHESTER, England–(BUSINESS WIRE)–Wejo, a global leader in connected vehicle data, today announced that members of its management team will participate in the following conferences on November 17, 2021: Third Annual Needham Virtual Big Data/Infrastructure Software 1×1 Conference. CEO and Founder Richard Barlow will host investor meetings. Founders Conference. CEO and Founder Richard Barlow will participate […]
Motorcar Parts of America to Report Fiscal 2022 Second Quarter Results; Host Conference Call
LOS ANGELES–(BUSINESS WIRE)–Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2022 second quarter on Tuesday, November 9, 2021. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time […]
SES Unveils World’s First 100 Plus Ah Li-Metal Battery, Announces New Gigafactory at First SES Battery World
107 Ah Li-Metal battery marks a major milestone in demonstrating commercial readiness of Li-Metal battery technology for EV market BOSTON–(BUSINESS WIRE)–#ai–SES (formerly known as SolidEnergy Systems), a global leader in the development and initial production of high-performance hybrid lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, today announced Apollo™, a 107 Ah […]
Keysight Introduces Automotive Software Applications to Test Advanced Infotainment and Driver Assistance Systems
Enables accurate physical-layer design verification of high-speed automotive serializer/deserializer interfaces SANTA ROSA, Calif.–(BUSINESS WIRE)–$KEYS #ADAS–Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced new automotive serializer/deserializer (SerDes) transmit and channel test applications, as well as an automotive […]
Cummins Receives the Prince of Wales’ Terra Carta Seal for Commitment to a Sustainable Future
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) was named today one of 45 inaugural recipients of the Terra Carta Seal, an initiative led by the United Kingdom’s Prince Charles to recognize businesses for their commitment to environmental sustainability and decarbonization. Inspired by the Magna Carta, the medieval document that remains an important symbol of liberty around […]
Avanci Announces New Patent License Agreement With Jaguar Land Rover
Jaguar and Land Rover become licensees of the Avanci marketplace, obtaining a license to essential patented technology for connected vehicles DALLAS–(BUSINESS WIRE)–Today, Avanci announced that it has signed a patent license agreement with Jaguar Land Rover, increasing the total number of auto brands licensed through the Avanci marketplace to 25. By signing an agreement with […]
