Manufacturing News

PASADENA, Calif.--(BUSINESS WIRE)--Norton Motorcycles has won Bronze at the International Design Excellence Awards (IDEA) for the Norton Manx R, the manufacturer’s flagship superbike....

PARIS--(BUSINESS WIRE)--The Fédération Internationale de l'Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, is celebrating almost a century of motor sport history and legacy in the United States ahead of the highly anticipated Freedom 250 NTT INDYCAR SERIES race this weekend marking 250 years of American independence. Motor sport safety has always been a central mission of the FIA and this weekend every driver lining up on the...

KARRATHA, Australia--(BUSINESS WIRE)--Rio Tinto is today celebrating 60 years in Western Australia, marking the anniversary of the first shipment of iron ore from Dampier to Japan. The shipment departed on 22 August 1966 aboard the ship Houn Maru, following a landmark agreement with Japanese steel mills to buy 65.5 million tonnes of iron ore over 15 years. At the time, it was the largest export deal in Australia’s history, and gave the commercial certainty needed to develop the Pilbara. Six dec...

SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers satellite buses, transportation and other in-space infrastructure services, announced today the granting of inducement awards to fourteen new employees under Momentus’ 2022 Inducement Equity Plan. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Momentus’ Compensation Committee and made as a material inducement to each employee’...

HOUSTON--(BUSINESS WIRE)--CoVolt Power, Inc. (“CoVolt Power” or the “Company”), today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of shares of its Class A common stock. The number of shares of CoVolt Power to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market and other conditions...

WILMINGTON, Del.--(BUSINESS WIRE)--Qnity Electronics, Inc. (“Qnity”) (NYSE: Q), a premier technology solutions leader across the semiconductor value chain, today announced that Jon Kemp, Qnity’s Chief Executive Officer, will have a fireside chat at the 2026 Goldman Sachs Communacopia and Technology Conference on September 10, at 8:10am PST. A live webcast of the presentation will be available at Events | Qnity Electronics, Inc. (Q). A replay of the webcast will be available following the conclu...

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc. Announces Closing of $3.2 Million Registered Direct Offering and Concurrent Private Placement...

MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”) announced today that it will close its facility in Upper Sandusky, Ohio, and move manufacturing requirements to the Company’s remaining welded wire reinforcement production facilities, which have ample open capacity to accommodate additional volumes. The consolidation of the Company’s welded wire manufacturing operations is expected to result in the elimination of up to 65 positions at the Upper...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that the U.S. Department of Energy (DOE) has established a framework for Cliffs to finalize negotiations and implementation plans for its Middletown Works investment, rescoping the previously awarded $500 million DOE grant. The optimization project represents a $1 billion total investment in Middletown Works, with funding shared equally between Cleveland-Cliffs and the DOE. The investment is expected to be...

REDMOND, Wash.--(BUSINESS WIRE)--Starcloud, the company pioneering data centers in space, today announced a $250 million Series A extension funding round at a $2.3 billion post-money valuation. The round was led by Manhattan West, with participation from existing investors Benchmark, EQT, Soma, NFX, 776, and others, alongside new investors NVIDIA, Cisco Investments, Cedar Capital, Goanna Capital, Standard Capital, and others. The funding brings Starcloud's total capital raised to $450 million s...