Sypris Reports Second Quarter Results

LOUISVILLE, Ky.-- Sypris Solutions, Inc. (Nasdaq/NM: SYPR) today reported financial results for its second quarter ended July 5, 2015.

HIGHLIGHTS

For the Second Quarter:

  • Revenue for the Company was $40.8 million, an increase of $3.7 million, or 10.1% sequentially from the first quarter of 2015.
  • The Company was breakeven at the gross profit line for the second quarter of 2015, for a sequential improvement of $3.1 million from the first quarter of 2015.
  • Revenue for the Industrial Group increased 14.0% sequentially to $32.0 million, while gross profit increased $4.7 million to $0.6 million, as compared to a loss of $4.1 million in the first quarter of 2015. EBITDA increased $7.2 million to breakeven for the quarter.
  • Subsequent to quarter end, the Company:
    Published: 20 August 2015
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Remy Signs Definitive Agreement To Be Acquired By BorgWarner

Combination enables new and innovative ways to approach engine and drivetrain efficiency

PENDLETON, Ind., July 13, 2015  -- Remy International, Inc. (REMY) today announced it has signed a definitive agreement to be acquired by BorgWarner Inc. (BWA), a product leader in highly engineered components and systems for powertrains around the world.

Commenting on the transaction, Remy Chairman John Weber said, "This transaction provides substantial value to our shareholders, our employees and business partners around the globe. It provides an opportunity to market our products to a much broader and diverse group of original equipment manufacturers. The product and technology synergies are obvious, resulting from each company's historical focus on separate areas of the global powertrain market." 

Published: 13 July 2015
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Westport Optimizes Alternative Fuel Options for Fleets by Providing Ford 5.0L F-150 with Dedicated Propane Package

~Alternative Fuel Provider Adds Greater Diversity and Stability to Fleet Customers' Supply Chain~

VANCOUVER, July 7, 2015 - Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), engineering the world's most advanced natural gas engines and vehicles, today announced the company will offer dedicated, liquid propane systems for 2016 Ford 5.0L  F-150 trucks. This new liquid propane system will be offered in addition to Westport's compressed natural gas (CNG) package for 2016 Ford F-150 trucks. Both fuel options are part of the Westport WiNG™ Power System and are expected to be certified to EPA and CARB standards.

Published: 07 July 2015
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CDTi Reports Compelling Vehicle Test Results for Spinel(TM) Technology

Tests on Two Car Models Show Spinel(TM) Eliminating Over 90% of PGMs on Underfloor Catalysts

OXNARD, Calif., June 2, 2015 -- Clean Diesel Technologies, Inc. (CDTI) ("CDTi" or "the Company"), a leader in advanced emission control technology, announced initial vehicle test results for Spinel(TM), its proprietary clean emissions exhaust technology that is expected to dramatically reduce the cost for auto manufacturers to attain increasingly stringent clean air standards.

Initial vehicle tests were conducted at an independent test facility using the industry standard Federal Test Procedure (FTP) on a model year 2014 Buick Regal 2.0 liter turbo-charged gasoline direct injection (GDI) engine. The data demonstrated that a Spinel underfloor catalyst with 97% less platinum group metal (PGM) achieved emissions control performance equivalent to the OEM catalyst.

Published: 02 June 2015
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CDTi Secures First Major Fleet Customer for DuraFit(TM)

CDTi to Supply DuraFit(TM) Diesel Particulate Filters for Department of Sanitation New York Fleet

OXNARD, Calif., May 11, 2015  -- Clean Diesel Technologies, Inc. (CDTI) ("CDTi" or the "Company"), a leader in advanced emission control solutions, will be a supplier of DuraFit(TM), its new line of original equipment manufacturer (OEM) replacement diesel particulate filters (DPFs), to the New York City Department of Sanitation (DSNY) fleet. The DSNY operates the largest municipal-owned sanitation fleet in the world consisting of approximately 3,000 vehicles including refuse collection trucks and mechanical street sweepers. Mondial Automotive, a regional distributor for CDTi, will supply DuraFit products to the DSNY fleet.

Published: 11 May 2015
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