Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced today that it has signed a Share Purchase Agreement (“SPA”) to acquire Grupo Guascor S.L. (“GG”) for an enterprise value of euro 500 million ($690 million) in a cash and stock transaction. The enterprise value includes...
Atlas Copco has won a multi-million USD contract to supply six turboexpander compressors for a new type of application related to liquefied natural gas (LNG). The customer, Norway-based KANFA Aragon A.S., part of the Sevan Marine Group, will use the equipment for the world’s first floating natural gas liquefaction plant. Installed aboard a so-called...
Ronn Motor Company, Inc. announce that the Company has signed a Letter of Intent with SCS/Frigette, located in Ft. Worth, Texas, for the manufacturing and distribution of its proprietary H2GO(TM) Real-Time Hydrogen Injection System. Ronn Maxwell, CEO of Ronn Motor Company, said, “SCS/Frigette is recognized as a leader in the automotive industry...
Ronn Motor Company, Inc. announce the highly anticipated introduction of the world’s first eco-exotic supercar with the Scorpion(TM) making its world debut at the 2008 SEMA Show in Las Vegas, NV, November 4th – 7th. The first supercar of its kind to ever be created, the Scorpion(TM) is set to be unveiled at a show famously known for displaying...
Ronn Motor Company, announced that it has contracted with Steve Trindade, President of Automotive Technology Group (ATG), to lead the Federal Motor Vehicle Safety Standards (FMVSS) certification program. Automotive Technology Group is one of the few organizations with experience successfully certifying a boutique car through the FMVSS process. ATG is...
Ronn Motor Company, announced its successful completion of initial track testing for the Scorpion(TM) eco-exotic. During a rigorous evaluation, the highly anticipated 40 mpg eco-exotic performed superbly, delivering the caliber of outstanding performance expected from a 200 mph supercar. The car completed several high-speed passes, along with high-speed/high-angle...
Exterran Holdings reported net income for the second quarter 2008 of $21.7 million, or $0.33 per share, including $31.8 million in pretax charges, or approximately $0.29 per share, for estimated cost overruns in the fabrication segment. Net income was $49.4 million, or $0.73 per share, for the first quarter 2008 and $26.1 million, or $0.71 per share,...