Latest news with #catalysts
Associated Press
5 days ago
- Automotive
- Associated Press
Aether and City of Burnaby Extend USMEAP for 2025
Burnaby, British Columbia--(Newsfile Corp. - June 5, 2025) - Aether Catalyst Solutions, Inc. (CSE: ATHR) (FSE: 2QZ) ('ATHR' or the 'Company') is pleased to announce the extension of the Urban Small Motors Emissions Abatement Project (USMEAP) with the City of Burnaby for year five. The fourth season of field testing with the City of Burnaby wrapped up with NOx conversion remaining 100% on all units. Usage for several of the mowers was particularly high this season giving us added insights into durability. For year four, the program continued with the same six units equipped with Aether catalysts, highlights of year four of the USMEAP are as follows: Technical Highlights Program Highlights Taylor Procyk, Chief Operating Officer of Aether comments, 'The data generated by this project is crucial as Aether begins to commercialize our catalysts for Small Motors. It gives us a touchstone in discussions with industry manufacturers and supports our technical team as we evaluate configurations and approach Third Party Validation of our technology.' ABOUT THE CITY OF BURNABY: The City of Burnaby is a vibrant city at the geographic centre of Metro Vancouver. It has an amazing natural environment, a strong cultural mosaic and thriving town centres. To meet the aggressive carbon reduction targets established by Burnaby City Council, a framework called This is Climate Action has been developed to guide how the City will put into action its commitment to be 'carbon neutral' (no longer contributing to the carbon emissions that accelerate climate change) by 2050. ABOUT THE COMPANY: Aether Catalyst Solutions, Inc. is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting, or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small motors emissions - a significant contributor to urban air pollution. FOR FURTHER INFORMATION PLEASE CONTACT: Aether Catalyst Solutions, Inc. Paul Woodward President Tel: 604 690-3797 The Canadian Securities Exchange ('CSE') or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this management prepared news release. Forward-Looking InformationTo view the source version of this press release, please visit
Yahoo
23-05-2025
- Business
- Yahoo
Honeywell to Buy Johnson Matthey's Catalyst Unit for $2.4 Billion
U.S. industrials conglomerate Honeywell International said it agreed to buy Johnson Matthey's catalysts unit for 1.8 billion pounds ($2.42 billion), lifting shares in the British platinum refiner. The sale of the unit, which designs and produces catalysts for the chemicals and energy industries, is expected to deliver net sale proceeds of about 1.6 billion pounds to Johnson Matthey, the U.K. company said. How a New $40,000 SALT Cap Would Affect Your Tax Bill A Crypto Billionaire Who Feared Arrest in the U.S. Returns for Dinner With Trump Senate Votes to End California's EV Mandate Universal's $7 Billion Theme Park Sparks Arms Race With Disney The Bond Market Is Waking Up to the Fiscal Mess in Washington Honeywell said it expects the acquisition to be accretive to earnings in the first year. The combination of Johnson Matthey's Catalyst Technologies business with Honeywell's Energy and Sustainability Solutions unit will boost the group's growth and create cost synergies, the U.S. group said. The two businesses complement each other, Honeywell said, adding that it will for the first time be able to offer solutions for the production of lower emission fuels such as sustainable methanol, sustainable aviation fuel, blue hydrogen and blue ammonia. Following the transaction, Johnson Matthey will focus on its Clean Air business and the processing of platinum group metals, the London-listed group added. Shares in the U.K. chemicals company rose 33.2% in early morning trade Thursday on the back of the announcement. The stock is up 36% year to date, trading at 18.27 pounds. The disposal comes after Johnson Matthey came under pressure from its biggest shareholder, the U.S.-based conglomerate Standard Industries, which said that Johnson Matthey's board destroyed shareholder value. In an open letter sent in January, Standard Industries highlighted what it called the 'continued lack of urgency and incapacity of the current Board to do what is necessary to turn Johnson Matthey around and help it to realize its potential.' The deal is the latest in a series of acquisitions of U.K. assets by U.S. companies, including DoorDash's purchase of U.K. food delivery company Deliveroo. Meanwhile, Johnson Matthey posted revenue of 11.67 billion pounds for the year ended March 31, down 9% on year. Its operating profit grew to 538 million pounds from 249 million pounds, while pretax profit rose to 486 million pounds from 164 million pounds. Analysts had expected revenue of 12.08 billion pounds, pretax profit of 733.3 million pounds, and operating profit of 793.4 million pounds, according to company-compiled consensus estimates. The board proposed a final dividend of 55 pence a share. Write to Cristina Gallardo at Private Credit Has a Problem: Too Much Money Home Sales in April Fell for the Second Straight Month Apple, Tesla and Nvidia Shares to Trade as Digital Tokens on Crypto Exchange Kraken Rooftop Solar Takes Gut Punch in House Tax Bill Popular Fitness App Strava Clinches Valuation of More Than $2 Billion Sign in to access your portfolio
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
Honeywell to Buy Johnson Matthey's Catalyst Unit For $2.4 Billion
U.S. industrials conglomerate Honeywell International said it agreed to buy British platinum refiner Johnson Matthey's catalysts unit for 1.8 billion pounds ($2.42 billion). That the deal to buy Catalyst Technologies is expected to deliver net sale proceeds of about 1.6 billion pounds to Johnson Matthey, the U.K. company said. Following the sale of the unit, Johnson Matthey will focus on Clean Air and the platinum group metals, the London-listed group added. Meanwhile, Johnson Matthey posted revenue of 11.67 billion pounds for the year ended March 31, down 9% year-on-year. Its operating profit grew to 538 million pounds from 249 million pounds, while pretax profit rose to 486 million pounds from 164 million pounds. Analysts had expected revenue of 12.08 billion pounds, pretax profit of 733.3 million pounds, and operating profit of 793.4 million pounds, according to company-compiled consensus estimates. The board proposed a final dividend of 55 pence a share. Write to Cristina Gallardo at
