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Outlook on the Aircraft Weighing System Global Market to 2027 – by Type, Application and Geography

DUBLIN, Jan. 28, 2021 /PRNewswire/ — The «Aircraft Weighing System Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Type…

DUBLIN, Jan. 28, 2021 /PRNewswire/ — The «Aircraft Weighing System Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Type (Floor-standing and Platform), Application (Commercial Aviation and Military Aviation)» report has been added to ResearchAndMarkets.com’s offering.

According to this report the global aircraft weighing system market was valued at US$ 102.76 million in 2019 and is projected to reach US$ 133.03 million by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 2027.

The global aircraft weighing system market includes a substantial number of market players operating in the market resulting in a fragmented global market. However, the market includes a selected number of prominent market players, such as HKM Messtechnik; NicolScales; McCoy Global Inc.; General Electrodynamics Corporation; Henk Maas; Intercomp; Jackson Aircraft Weighing Systems LLC; Langa Industrial S.A.; Vishay Precision Group, Inc; and Teknoscale OY, with substantial customer base and strong market positioning.

At present, the global aircraft weighing system market is principally dominated by the developed regions, such as North America and Europe, accounting for ~69.5% of the global market collectively. Significant factors, such as availability of rapid technological advancements, high disposable individual incomes, technological capabilities, presence of leading aircraft manufacturers, and presence of some of the well-established aircraft weighing system providers have contributed toward the significant consolidation of the market share in North America and Europe. APAC is anticipated to gain significant traction and expected to witness the highest CAGR during the forecast period. Rising MRO services, growing air traffic, and increasing number of low-cost carriers (LCCs) are some of the factors propelling the growth of the market in APAC.

Companies in the market are highly involved in offering aircraft weighing systems to the end users in order to gain traction in the market. For instance, in December 2017, HAECO Americas selected Intercomp for its AC60-LP platform scale systems for different HAECO Americas MRO locations. Intercomp’s aircraft scales offer high quality scales and accessories, ease of use, and solid-state technology. In the past years, HAECO used top-of-jack method for weighing operations; however, the swift deployment and weighing capabilities of the company’s platform scales provide MRO benefits with effectiveness and less time for the weighing procedure. In August 2020, Intercomp declared that Airborne Maintenance & Engineering Services, a US-based leading MRO, completed deployment and training on the company’s AC60-LP scale system. The accuracy and reliability provided by Intercomp’s weighing system is widely used among airlines, MROs, and airframe manufacturers globally.

On the contrary, due to ongoing pandemic, all the major regions, such as Europe, APAC, and North America, have imposed strict restrictions on business activities and movement of goods and people. These factors are anticipated to affect both supply of various aircraft components and parts as well as their demand. This, in turn, negatively impacts the revenue growth of the global aircraft weighing system market to some extent, especially in 2020 and early 2021.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global aircraft Weighing system market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global aircraft Weighing system market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Aircraft Weighing System Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis

5. Aircraft Weighing System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Deliveries and Orders of Aircraft
5.1.2 Growing Concern Related to Safety of Aircraft
5.2 Market Restraint
5.2.1 Concern Related to Aircraft Weight Range and the Tire Size
5.3 Market Opportunities
5.3.1 Surging Aircraft MRO Services in Emerging Economics
5.4 Trend
5.4.1 Rising Aircraft Fleets to Increase the Demand for Aircraft Weighing Systems
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft Weighing System – Global Market Analysis
6.1 Overview
6.2 Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking

7. Aircraft Weighing System Market Analysis – By Type
7.1 Overview
7.2 Aircraft Weighing System Market Breakdown, by Type, 2019 & 2027
7.3 Floor-Standing
7.3.1 Overview
7.3.2 Floor-Standing: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Platform
7.4.1 Overview
7.4.2 Platform: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)

8. Aircraft Weighing System Market Analysis – By Application
8.1 Overview
8.2 Aircraft Weighing System Market Breakdown, by Application, 2019 & 2027
8.3 Commercial Aviation
8.3.1 Overview
8.3.2 Commercial Aviation: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Military Aviation
8.4.1 Overview
8.4.2 Military Aviation: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)

9. Aircraft Weighing System Market – Geographic Analysis
9.1 Overview
9.2 North America: Aircraft Weighing System Market
9.3 Europe: Aircraft Weighing System Market
9.4 APAC: Aircraft Weighing System Market
9.5 MEA: Aircraft Weighing System Market
9.6 SAM: Aircraft Weighing System Market

10. Aircraft Weighing System Market – COVID-19 Impact Analysis
10.1 Impact of COVID-19 Pandemic on Global Aircraft Weighing System Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Overview
11.2 Market Initiative

12. Company Profiles
12.1 General Electrodynamics Corp.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henk Maas Weegschalen BV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Intercomp Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jackson Aircraft Weighing Systems LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Langa Industrial S.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vishay Precision Group, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teknoscale OY
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nicol Scales & Measurement
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 McCoy Global Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 HKM-Messtechnik GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/i83eg3

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SOURCE Research and Markets

Kelley Blue Book Digital Solutions Help Dealers Achieve Greater Efficiencies Without Sacrificing Profitability

IRVINE, Calif., Jan. 28, 2021 /PRNewswire/ — Kelley Blue Book, the No. 1 most trusted third-party automotive resource, is leaning into the first-ever virtual NADA with enhanced digital solutions that offer consumers a more seamless trade-in, car-buying, and owning experience while helping to ensure dealerships achieve greater efficiencies without sacrificing profitability. Kelley Blue Book’s newest offerings featured at NADA 2021 include…

«Last year was full of unexpected challenges and, ultimately, accelerated innovation. We are eager to maintain that momentum through our latest digital solutions,» said Randy Kobat, vice president of operations for Inventory Management Solutions at Cox Automotive. «And while some of 2020’s problems are rolling into 2021, acquiring profitable inventory and understanding consumers’ intent to purchase shouldn’t be negatively impacting your business by not knowing more about the consumers coming to your store.»

Kelley Blue Book® Instant Cash Offer Buying Signals Kelley Blue Book builds on its existing Instant Cash Offer tool to tap into data-driven insights to help unlock the full potential of dealerships’ Instant Cash Offers to customers. The industry-leading tool analyzes customer shopping behavior data from across Cox Automotive data sources to provide a more complete picture of the consumer, allowing for a more targeted approach to offers, and an understanding of their vehicle shopping preferences and purchase timeline without having to manually dig through data. In fact, Kelley Blue Book Instant Cash Offer leads with Buying Signals had a transaction completion rate nearly 24% better than leads without Buying Signals, whether the vehicle was sold through Instant Cash Offer or elsewhere, from July through October 2020.¹

«When a dealership starts the conversation knowing where customers are in their buying journey, they are taking a targeted approach to leads while providing a personalized customer experience,» said Kobat. «These actionable insights enable better engagement with consumers and a data-driven way to acquire profitable inventory.»

Kelley Blue Book Instant Cash Offer Buying Signals appear alongside the Instant Cash Offer within the Dealer Admin Tool and shoppers are tagged according to their purchase timeline, including «Casually Browsing,» «Actively Shopping,» and «Ready to Buy.» Plus, dealerships see shopping preferences like the year, make, model, mileage, and more.

«As an Instant Cash Offer client for many years, this tool has become a vital piece of our inventory acquisition process. Leveraging the data and information from one of the most trusted brands in the automotive market has helped us own more cars for less,» said Jonathan Hakes, used vehicle inventory director at Dorschel VW. «With new functionality from Kelley Blue Book’s Instant Cash Offer Buying Signals, we are eager to take our data-driven approach to the next level. The more we know about a customer, the better the experience we can deliver and make the most of that opportunity.»

Kelley Blue Book® Featured Auto Repair Center allows franchise dealers to turn KBB.com’s millions of service-ready consumer visits per month into new business. In fact, 63% of service customers coming from KBB.com are new to participating dealerships.² Consumers are increasingly looking for guidance on key maintenance, repair, and recall questions, including pricing. The Service and Repair Guide on KBB.com provides consumers with the trusted information they need to make confident decisions about their vehicles and connects them with Featured Auto Repair Center dealerships that can do the work. Also, Kelley Blue Book’s Fair Repair Range guides owners on service and repair price ranges based on regionalized service pricing.

If dealerships are looking to protect their market share and beat out local competition, as a Premium Featured Auto Repair Center dealer, dealerships can claim brand-exclusive placement on KBB.com’s Service and Repair Guide for their area, making it the first listing consumers see when searching for dealerships to service their vehicles.

The 2021 NADA Show will be held via a virtual experience February 9-11, 2021. To learn more about Kelley Blue Book Instant Cash Offer Buying Signals, visit https://b2b.kbb.com/ico/buying-signals/. To learn more about Featured Auto Repair Center, visit https://b2b.kbb.com/featured-auto-repair-center/.

About Kelley Blue Book (www.kbb.com)

Founded in 1926, Kelley Blue Book, The Trusted Resource^®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book^® Trade-In Values and Kelley Blue Book^® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue Book^SM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.

About Cox Automotive

Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader^®, Clutch Technologies, Dealer.com^®, Dealertrack^®, Kelley Blue Book^®, Manheim^®, NextGear Capital^®, VinSolutions^®, vAuto^® and Xtime^®,are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com

¹Cox Automotive Data Analysis, July-October 2020

²Xtime Product Analytics Data Average 9/16/19-11/30/20

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SOURCE Kelley Blue Book

Electric Acceleration Tech leader makes social responsibility vision a reality

– Xledger introduces EVs to its UK fleet

– The move was supported by Synergy Car Leasing

– DRIVE’s ODO platform underpinning Xledger transition to EVs

– Xledger introduces EVs to its UK fleet

– The move was supported by Synergy Car Leasing

– DRIVE’s ODO platform underpinning Xledger transition to EVs

LONDON, Jan. 28, 2021 /PRNewswire/ — DRIVE Software Solutions («DRIVE»), a leading provider of fleet management technology, is pleased to announce that it is supporting Xledger UK in optimising its management of a greener fleet of vehicles. The move to DRIVE’s ODO platform was facilitated by Synergy Car Leasing («Synergy») which has been a customer of DRIVE’s for almost a year and provides Xledger UK with their vehicle and fleet management solutions.

Xledger is a leading provider of cloud-based finance software. With four global offices, Xledger help 10,000 organisations in 60 countries streamline, digitise and automate their finances. They have recently been classified as a Major Player in IDC’s Market Overview: Worldwide SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications 2020. Xledger is passionate about the role of digital transformation for the environment and is proud to be driving more sustainable futures for workplaces around the world. An effort which includes implementing a green fleet of vehicles for its employees. https://xledger.com/uk

Synergy Car Leasing is recognised as the fastest growing vehicle Leasing Broker in its class (2019 – 2020) by the Leasing Broker Federation. . As a component of its targeted growth in the provision of Fleet Management services to its customer base Synergy has adopted the DRIVE ODO system. This will facilitate its management of customer’s fleets and the transition to EV. https://www.synergycarleasing.co.uk/

Paul Parkinson, CEO and founder of Synergy Car commented;

«Xledger are a great example of an innovative tech business who don’t just talk about their social responsibilities, but who implement practical steps to reduce their impact on the environment. The introduction of EVs to their corporate vehicle fleet is just one example of their commitment. We have partnered with DRIVE in providing ODO to our customers, like Xledger, to ensure that we are able to effectively, and efficiently, manage their transition to a greener fleet. ODO gives us the visibility and automation to ensure that our customer’s fleet is compliant, cost efficient and green.»

Robert Gorby, Chief Commercial Officer at DRIVE, added;

«In the current environment, adapting to new locations, ways of working there and doing it all in a way which reduces our impact on the planet could become the abiding theme of the new decade. Which vehicles and for what purpose are likely to be key questions. ODO provides answers, enabling both parties to understand the demands of the new world and, therefore, manage it more effectively.»

For more information, please visit www.ododrive.com

About DRIVE Software Solutions

Drive Software Solutions’ developed technologies are responsible for the management of 1.5 million vehicles in 55 countries around the world. From bespoke software platforms and consultancy for individual corporates to ODO, our cloud delivered solution for fleet management, DRIVE is at the forefront of the automotive mobility sector.

DRIVE gives businesses a bespoke platform to manage their fleet and their drivers on the go at anytime, anywhere, using all devices.

Time to optimise your fleet. www.ododrive.com

About Synergy Car Leasing

Synergy Car Leasing was founded in 2006 by Paul Parkinson and is now one of the leading vehicle leasing providers in the UK. In 2021Synergy achieved the Feefo Platinum Trusted Service Award for the second consecutive year, the highest accolade for best-in class customer service, following six successive years of the Feefo Gold Trusted Service Award. Synergy is the fastest growing leasing broker in its class 2019-2020, awarded by the Leasing Broker Federation, following its achievement of Overall Leasing Broker of the Year 2018-2019. A member of the British Vehicle Rental and Leasing Association (BVRLA), Synergy is committed to the highest standards of service, fair terms & transparency. Paul Parkinson serves as Vice-Chancellor on the BVRLA National Leasing Broker Committee to further champion industry standards. Newable Ltd, a London-based financial services, professional advice and workspace provider, acquired a majority shareholding in the business in early 2020, to further Synergy’s growth plans. https://www.synergycarleasing.co.uk/

About Xledger

Xledger has been transforming the finance function of ambitious organisations for over 20 years with their cloud-based finance software. By utilising the powers of insight, automation, and scalability Xledger equips organisations to improve core business processes and decision making, while providing a complete overview of the business financials in real time. By running a leaner more efficient finance department, Xledger empowers organisations to concentrate on what matters most.

In 2020, Xledger UK received numerous prestigious awards, including finalists at the Accounting Excellence awards for ‘Best Mid-market & Enterprise Accounting Software,’ 2nd place in the small companies category for the ‘UK’s Best Workplaces™ in Tech’ and an accreditation as a ‘Great Place to Work-Certified™ Organisation’.

The Bristol-based Xledger UK also have deeps roots in the local community and strong CSR initiatives. In 2020, Xledger solidified a groundbreaking partnership with Bristol Sport by sponsoring the South Stand at Ashton Gate Stadium for a second year, as well as becoming the principal partner of the Bristol Flyers and main sponsor of the Bristol Bears Academy – which includes an internship programme at Xledger. https://xledger.com/uk/about-xledger/

For more information contact Robert Gorby on 07861 234984 / robert@ododrive.com or Scott Fulton at scott@fulton-associates.com / 07788 144993

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Leading Corporate Citizen Hormel Foods Announces It Will Match 100 Percent of its Global Energy Use with Renewable Sourcing and Establish Science Based Targets for the Reduction of Greenhouse Gas Emissions

AUSTIN, Minn., Jan. 28, 2021 /PRNewswire/ — Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced its new set of leading environmental sustainability goals, which are part of the company’s 20 By 30 Challenge. In continuing with its corporate responsibility leadership, the company will strive to achieve 20 corporate responsibility goals by 2030 and will report its progress annually. The company’s new goals follow its previous set of sustainability goals in which…

The company’s new environmental sustainability goals include:

– Matching 100 percent of its global energy use with renewable sourcing.

– Establishing important science based greenhouse gas emissions reduction targets by 2023.

– Taking action across its supply chain to improve water quality, including the support of regenerative agriculture initiatives.

«For nearly 130 years, Hormel Foods has continued to showcase its citizenship and stewardship by using its size and resources to make a difference. From sustainable packaging initiatives to water and energy stewardship, our global team of inspired people is committed to making lasting and measurable progress in protecting our natural resources,» said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. «We know that good business and good stewardship go hand in hand, and these goals are designed to enable improvements that will ultimately make our food supply better for us all.»

«Our worldwide team of professionals and supply chain partners are ready to step up to the challenge to help us achieve these important sustainability goals,» said Mark Coffey, senior vice president of supply chain and manufacturing at Hormel Foods. «Together, we will deliver results that will make a significant contribution toward the reduction of greenhouse gas emissions, improvement of water quality and the continued advancement of sustainable agriculture practices in our supply chain.»

Hormel Foods continues to receive recognition for its corporate responsibility efforts and performance, including being named one of the 100 Best Corporate Citizens for 12 years in a row by 3BL Media and one of America’s Most Responsible Companies by Newsweek magazine for two consecutive years, in addition to many others.

Hormel Foods will release additional goals that are part of its 20 By 30 Challenge in future announcements, which will include goals surrounding education, community support and food security. More information about the company’s efforts can be found at https://csr.hormelfoods.com/ and https://www.hormelfoods.com/responsibility/.

ABOUT HORMEL FOODS — Inspired People. Inspired Food.™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY^®, SPAM^®, Hormel^® Natural Choice^®, Applegate^®, Justin’s^®, Wholly^®, Hormel^® Black Label^®, Columbus^® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the «Global 2000 World’s Best Employers» list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s «The 100 Best Corporate Citizens» list for the 12^th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world’s most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.

Contact:
Kelly Braaten
507-434-6352
media@hormel.com

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SOURCE Hormel Foods Corporation

Conner Named Vice President Of FERC And RTO Strategy & Policy

COLUMBUS, Ohio, Jan. 28, 2021 /PRNewswire/ — American Electric Power (Nasdaq: AEP) has named Amanda Riggs Conner vice president – FERC and RTO Strategy & Policy, effective Jan. 30.

Conner will be responsible for ensuring AEP’s generation and grid development businesses are represented in policy matters at the Federal Energy Regulatory Commission (FERC) and Regional Transmission Organizations (RTO). She will report to <span…

COLUMBUS, Ohio, Jan. 28, 2021 /PRNewswire/ — American Electric Power (Nasdaq: AEP) has named Amanda Riggs Conner vice president – FERC and RTO Strategy & Policy, effective Jan. 30.

Conner, 46, currently serves as managing director in AEP’s Washington, D.C., office, focusing on FERC and federal legislative issues. She began working for AEP in 2012 as senior counsel in the Legal Department, representing the company in PJM transmission owner committees and handling transmission formula rate and market based rate issues before FERC.

«Amanda brings a wealth of knowledge and experience with federal regulatory and policy issues that will strengthen our efforts as we continue making investments in the energy solutions that improve service to our customers,» Smyth said.

Prior to joining AEP, Conner held a counsel position at Orrick, where she represented renewable developers in project finance and related matters before FERC, including market-based rate applications, qualifying facility self-certifications, applications for approval of transactions involving jurisdictional facilities, and interconnection of renewable generation. Previously, she was an associate attorney with Wright & Talisman, where she represented Southwest Power Pool and the MISO transmission owners in numerous FERC matters, including those involving energy market implementation and compliance with open access transmission directives. Conner earned her bachelor’s degree from Purdue University and her law degree from Indiana University – Maurer School of Law.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP’s approximately 17,000 employees operate and maintain the nation’s largest electricity transmission system and more than 221,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,300 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

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SOURCE American Electric Power

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO₂-based cooling system.

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO₂-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

BENTELER’s climate-friendly high-pressure heat exchanger delivers high cooling capacity for batteries during charging.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO₂ as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO₂ can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

Photo – https://mma.prnewswire.com/media/1428056/BENTELER_HP_Heat_Exchanger.jpg
Logo – https://mma.prnewswire.com/media/1428055/BENTELER_Logo.jpg

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO₂-based cooling system.

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO₂-based cooling system.

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com

About BENTELER Automotive

www.BENTELER-automotive.com/de/

Photo – https://mma.prnewswire.com/media/1428056/BENTELER_HP_Heat_Exchanger.jpg
Logo – https://mma.prnewswire.com/media/1428055/BENTELER_Logo.jpg

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com

About BENTELER Automotive

www.BENTELER-automotive.com/de/

View original content to download multimedia:http://www.prnewswire.com/news-releases/electric-vehicles-shorter-charging-times-thanks-to-high-pressure-heat-exchanger-from-benteler-301217106.html

SOURCE BENTELER

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com

About BENTELER Automotive

www.BENTELER-automotive.com/de/

View original content to download multimedia:http://www.prnewswire.com/news-releases/electric-vehicles-shorter-charging-times-thanks-to-high-pressure-heat-exchanger-from-benteler-301217106.html

SOURCE BENTELER

BNPL Users Opt-Out of Summer Travel According to Zip

SYDNEY, Jan. 28, 2021 /PRNewswire/ — Since early 2020, a ban on international travel for residing Australians has meant international travel is not an option. Domestic travel has also been hindered by the closure of state borders that have plagued the travel industry since March 2020.

While most locals have adapted to the idea that they won’t be able to leave the country for the foreseeable future, constantly changing border regulations have left many people…

While most locals have adapted to the idea that they won’t be able to leave the country for the foreseeable future, constantly changing border regulations have left many people unsure about booking a trip. Concerns about the risk of COVID-19 and too much uncertainty around the pandemic are the main reasons for a lack of intent to travel.

In a recent research report by Buy Now Pay Later (BNPL) provider Zip, 48% of respondents indicated they would spend less money on travel this summer due to Covid-19. The report, titled «A Very COVID Xmas» showed a total of 64% of respondents stated they would only be staying in their own city, a jump of 12% from a typical year.

Australian’s have also indicated that they’re less likely to travel to attend gatherings this year. Those polled were less likely to attend venues across the board, home gathering or host their own events compared to a year-over-year comparison.

Domestic trips and travel may be bolstered by the use of BNPL services. With the option to pay for a trip at a later date and book accommodation and transportation interest-free, more people can visit loved ones or take a short break to relax.

Survey respondents indicated that they would allocate money not spent on travel towards travel at a later date once restrictions had eased (32%) or put the money away long term (31%). This could indicate a future boom in the travel industry when the country is cleared for international travel once again.

Throughout a challenging year, Australians have postponed their travel plans in favour of staying home. While this will significantly affect the travel industry, some hope that BNPL services such as Zip can offer a lifeline to those who need to travel or find it safe to do so.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/bnpl-users-opt-out-of-summer-travel-according-to-zip-301216869.html

SOURCE Zip