Latest news with #PEM
Yahoo
28-05-2025
- Business
- Yahoo
UBS Lowers Price Target on Westlake (WLK), Keeps Buy Rating
On May 28, UBS lowered the firm's price target on Westlake Corporation (NYSE:WLK) from $118 to $101, while keeping a Buy rating on the stock. The adjustment reflects the near-term challenges for the company's Performance and Essential Materials (PEM) Segment. A closeup of a Petrochemical product being inspected for quality assurance. The company reported its fiscal first quarter results for 2025 on May 2. The company reported net sales of $2.85 billion down from $2.98 billion a year ago. The PEM segment faced headwinds from a strong run-up in feedstock and increased energy prices which led the net sales down from $1.91 billion in Q1 2024 to $1.85 billion in the recent quarter. The higher cost also led the EBITDA of the PEM segment to be $180 million lower than the previous year. The firm still sees Westlake Corporation's (NYSE:WLK) commodity products as favorably priced in the market. However, UBS anticipates continued challenges for the near-term at least thereby leading to a reduced price target. Westlake Corporation (NYSE:WLK) is an international manufacturer of materials and products. It provides building blocks for major industries including housing and construction. Packaging, healthcare, automotive, and consumer goods. It operates through two main segments: Performance and Essential Materials (PEM) and Housing and Infrastructure Products. While we acknowledge the potential of WLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WLK and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Korea Herald
19-05-2025
- General
- Korea Herald
Peabody Essex Museum reopens Korea gallery
The Peabody Essex Museum in Massachusetts, US, has reopened the Yu Kil-Chun Gallery of Korean Art and Culture. The gallery, receiving visitors since Saturday, is named after Yu Kil-chun, a reformist leader and diplomat who met Edward Sylvester Morse, the PEM executive director, while on Korea's delegation to the US in 1883. Their ties led to the US museum keeping a rich Korean collection, according to the National Museum of Korea, which had supported the reopening. The gallery displays over 100 items, spanning everyday items and contemporary artworks from the 19th to 21st century. Objects of significance include traditional chairs Korea showcased at the Chicago World's Fair in 1893 and a Western top hat made of Korean horse tail that was gifted to the museum by Percival Lawrence Lowell. Lowell was a US entrepreneur who authored "The Land of the Morning Calm: A Sketch of Korea" after extensively traveling throughout Korea in the 19th century. Also featured are Korean artifacts donated to the museum by the family of Edwin V. Morgan, the US deputy consul general of Korea in 1905. Among the artifacts is a family photograph of Lee Beom-jin, the minister at the Old Korean Legation whom Morgan had befriended. Works by contemporary Korean artists including Paik Nam-june, a pioneer of video art, are on display, according to the Peabody Essex Museum, which added that Korean communities in Massachusetts had contributed toward the latest expansion.
Associated Press
15-05-2025
- Automotive
- Associated Press
RONN Inc. Accelerates Global Hydrogen Manufacturing Initiative Amid Rising Diplomatic Engagement in Brazil and the U.K.
SCOTTSDALE, ARIZONA / ACCESS Newswire / May 15, 2025 / RONN Inc. (OTC:RONN), the U.S.-based pioneer in hydrogen mobility platforms, announced today that CEO Ronn Ford will travel to Ceará, Brazil, in late June for a high-level economic forum hosted by the State Government of Ceará and attended by the United Kingdom's foreign trade department. The dialogue will focus on the structuring of a $300 million loan and/or guarantee to launch the RONN-HES Joint Venture (JV) PEM electrolyzer manufacturing facility in Ceará. Additionally, the U.K. and Scotland are in discussions to explore additional financial frameworks that could anchor manufacturing capacities in Glasgow, fueling a tri-regional hydrogen ecosystem between South America, the U.K., and the Gulf. Ford stated, 'This is not just a factory. This is an anchor of a broader energy corridor that strategically links global demand nodes from Ceará to Glasgow to the Middle East.' This momentum follows heightened geopolitical interest in hydrogen technologies, amplified by the recent Saudi Arabia economic summit where global capital flows into green energy were reignited. Strategic Outlook RONN Inc. continues to execute a multi-regional strategy designed to position the company at the heart of the global hydrogen economy. With a focus on electrolyzer manufacturing, logistics solutions, and modular fueling systems, the company is building a scalable commercialization roadmap to support sovereign decarbonization mandates and industrial clean-tech adoption. IR contact Ronn Ford, CEO [email protected] ⸻ About RONN Inc. RONN Inc. (OTC:RONN) is a U.S.-based hydrogen technology company pioneering zero-emission supercars, modular fueling systems, and commercial mobility platforms. The company is rapidly expanding its global partnerships and is committed to enabling the hydrogen economy of the future through innovative, sustainable infrastructure and next-generation vehicle solutions. Forward-Looking Statements This press release contains forward-looking statements regarding RONN Inc.'s plans and future business activities. These statements are subject to risks and uncertainties that could cause actual results to differ materially. RONN Inc. assumes no obligation to update or revise these statements as new information becomes available. SOURCE: RONN press release
Associated Press
16-04-2025
- Business
- Associated Press
Exokinetics Launches Project ELEVATE Mobility Foundation -- Empowering Those in Need of Mobility Solutions
PHILADELPHIA, PA, UNITED STATES, April 16, 2025 / / -- Exokinetics, a leading mobility technology company and manufacturer of the groundbreaking Zeen mobility device, has officially launched its affiliate charitable foundation, Project ELEVATE Mobility (PEM). The PEM foundation helps provide life-changing Zeen devices to underserved individuals facing mobility challenges, empowering them with greater freedom, safety, and independence in their daily lives. Project ELEVATE Mobility is driven by a clear mission: help those who suffer from mobility loss and financial hardship to acquire the state-of-the-art Zeen mobility device. Zeen enables users to transition from sitting to standing, allowing them to walk upright, fully supported, hands-free, and without the fear of falling—transforming lives for individuals previously confined to a wheelchair or reliant on unstable walkers and canes ( See a Zeen Demo ). What sets Zeen apart is its revolutionary, non-motorized lift system, which gently raises users from a seated position to standing, providing safe, supported mobility while walking. Ideal for people with limited strength, balance, or endurance due to chronic conditions or injuries, the Zeen allows individuals to engage with their surroundings at eye level and perform everyday activities like cooking, reaching high shelves, or interacting socially. Zeen is proudly made in the USA and retails for approximately $5,000—an investment that is often not currently covered by insurance. Through PEM, accepted applicants receive generous grants matching up to $2,500 of an individual's contribution toward the purchase of their Zeen. This dollar-for-dollar matching creates a partnership, fostering a sense of ownership and dignity during the process. 'We created Zeen to help individuals safely reclaim their independence, mobility, and quality of life,' said Garrett Brown, creator of Steadicam® and Founder of Exokinetics. 'Our goal is to ensure that users can engage with the world around them at eye-level, without the fear of falling, while maintaining or regaining their physical strength and confidence.' The Zeen is suitable for children and adults weighing between 50 and 250 lbs, offering a unique solution for those experiencing mobility challenges from conditions such as Parkinson's disease, multiple sclerosis (MS), cerebral palsy, ataxia, or recovering from a stroke or injury. By promoting weight-bearing on the legs, walking with an upright posture, and reducing the fear of falling, Zeen supports overall health including cardiovascular function, muscle tone, digestion, and psychological well-being. Looking ahead, Project ELEVATE Mobility is committed to expanding its reach and supporting as many individuals as possible living with mobility challenges. For more information or to see a Zeen demonstration webinar (offered daily), please visit the website at About Exokinetics Exokinetics is a leading mobility technology company focused on restoring independence, mobility, and an active lifestyle to individuals affected by chronic conditions, age, or injury. The Zeen® is a revolutionary mobility device that helps users transition from sitting to standing and walking with ease and safety. Designed and manufactured in the USA, Zeen fills the gap between a wheelchair and a walker, offering a unique solution for individuals seeking greater mobility freedom in their daily lives. Jonathan Abramson Bluetone Marketing and PR +1 619-807-6349 [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
27-03-2025
- Business
- Yahoo
Nel ASA: Receives purchase order from Collins Aerospace for U.S. Navy stacks
OSLO, Norway, March 27, 2025 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for PEM electrolyser stacks for about USD 6 million from Collins Aerospace to be used by the U.S. Navy to produce oxygen for critical life support onboard submarines. "We are very proud of the long-standing partnership with Collins Aerospace and our exclusive supply agreement to produce equipment that is crucial for prolonged underwater submarine operations," says Nel's Chief Commercial Officer, Todd Cartwright. "This new order underscores the strength of our manufacturing capabilities and quality standards, along with the trusted performance of our PEM electrolyser technology," he says. The stacks will be delivered over several years, with initial deliveries in late 2025. This order is the most recent in a series of deliveries to the client, where Nel has a long track record of developing and delivering equipment for this application. The purchase order is for an undisclosed number of stacks that will be produced at Nel's manufacturing facility in Wallingford, Connecticut. For additional information, please contact:Kjell Christian Bjørnsen, CFO, +47 917 02 097Wilhelm Flinder, Head of IR, Communications and Marketing, +47 936 11 350 About Nel ASA | has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided. This information was brought to you by Cision View original content:
