Machine Industries

Boom Supersonic Announces New Aircraft, Engine, and Investment Milestones

Boom Supersonic Announces New Aircraft, Engine, and Investment Milestones

Boom Supersonic Announces New Aircraft, Engine, and Investment Milestones New strategic investment from NEOM comes as XB-1, Symphony™ and Overture achieve important program milestones DENVER, Nov. 2023 /PRNewswire/ -- Boom Supersonic, the company building the world's fastest airliner, announced today multiple milestones across the Overture airliner, Symphony engine, and XB-1 supersonic demonstrator programs. The company also confirmed closing of an investment round, including a strategic investment from the NEOM Investment Fund (NIF). Boom's total funding to date now exceeds $700 million. New strategic investment from NEOM Investment Fund comes as XB-1, Symphony and Overture achieve important program milestones.   "Our goal...

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BlueHalo to Integrate Directed Energy Capability on U.S. Marine Corps

BlueHalo to Integrate Directed Energy Capability on U.S. Marine Corps

BlueHalo to Integrate Directed Energy Capability on U.S. Marine Corps Joint Light Tactical Vehicle (JLTV) ARLINGTON, Va., Nov. 9, 2023 /PRNewswire/ -- BlueHalo has been awarded a contract from the United States Navy's Office of Naval Research and Naval Surface Warfare Center, Dahlgren Division to develop a High Energy Laser (HEL) Directed Energy Weapon (DEW) prototype, integrated onboard the Marine Corp's Joint Light Tactical Vehicle (JLTV). The company will adapt its LOCUST Laser Weapon System (LWS) for integration onto a JLTV, providing warfighters with advanced mobile air defense against unmanned aerial system (UAS) threats. BlueHalo to Integrate Directed Energy Capability...

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QuesTek Receives 3 New Patents for AM Alloys

QuesTek Receives 3 New Patents for AM Alloys

QuesTek Receives 3 New Patents for AM Alloys EVANSTON, Ill., Nov. 2023 /PRNewswire/ -- QuesTek Innovations, the primary operating arm of QuesTek International LLC, has been awarded three new patents for proprietary alloys specifically designed for additive manufacturing (AM). QuesTek Innovations   "We are honored to announce these patent awards," said QuesTek COO Bill Mahoney. "While QuesTek is delivering its overarching digital strategy to the market, one of our strategic initiatives is to continue to position our Materials by Design® technology at the forefront of materials innovation. The patents on these remarkable proprietary materials reinforce our technology's leadership position in...

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Hyperion expands PCD offering with addition of 2 new product lines

Hyperion expands PCD offering with addition of 2 new product lines

Hyperion expands PCD offering with addition of 2 new product lines P-Series & U-Series provide versatility, value in wide variety of machining applications WORTHINGTON, Ohio, Nov. 2023 /PRNewswire/ -- Hyperion Materials & Technologies, a leading manufacturer of hard and super-hard materials for a variety of demanding industrial applications, is excited to announce the launch of two new polycrystalline diamond (PCD) lines, the P-Series and U-Series, that expand the company's offering to the toolmaking industry. Hyperion Materials & Technologies' new P-Series PCD is specially designed for tools used in machining nonferrous and nonmetallic workpieces for automotive, aerospace, electronics and other precision...

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Tevva filing legal complaint against ElectraMeccanica following termination of proposed merger

Tevva filing legal complaint against ElectraMeccanica  following termination of proposed merger

Tevva filing legal complaint against ElectraMeccanica following termination of proposed merger   London, November 2023: Tevva Motors Limited (“Tevva”) is filing a lawsuit in the United States District Court in Arizona (the “Lawsuit”) against ElectraMeccanica Vehicles Corp. (“EMV”) as well as EMV’s CEO Susan Docherty seeking redress for the improper and unmerited purported termination of the binding merger arrangement agreement with Tevva. The Lawsuit exposes how EMV offered spurious, defamatory allegations in a thinly-veiled attempt to justify its abrupt termination of a binding merger agreement with Tevva – a merger agreement that was the product of thousands of hours of...

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