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Sypris Wins Awards From Two High-Pressure Energy Projects

first_img Pinterest TAGS  LOUISVILLE, Ky.–(BUSINESS WIRE)–Feb 8, 2021– Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received orders for its Tube Turns® D-bolt and Tool-less® specialty closures for use in high-pressure oil and gas applications, including the Anchor Field development project in the Gulf of Mexico and the planned upgrade of a natural gas pipeline system in North America. Production for both awards will begin immediately and are expected to be completed prior to year-end. Terms of the purchases were not disclosed. The Anchor Field development project is located in the Green Canyon area, approximately 140 miles off the coast of Louisiana in the Gulf of Mexico in water depths of up to 5,000 feet. The initial development of the project will require an investment of approximately $5.7 billion. Stage 1 of the Anchor Field development consists of a seven-well subsea development and semi-submersible floating production unit. First oil is anticipated in 2024. According to news sources, this will be the first-ever, high-pressure development in the deepwater gulf. The planned facility has a design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. Sypris will provide specialty, high-pressure Tube Turns® D-bolt closures that are rated up to 4,885 psi and use Inconel Alloy 625, a nickel-based superalloy that possesses high strength properties and resistance to elevated temperatures. The Company also received an award to supply the closures for a multiple compressor system upgrade on a natural gas transmission pipeline system located in North America. The project is part of an EPA program to reduce emissions from aging equipment to help reduce the negative impact on the ozone layer. Sypris will supply specialty Tube Turns® Tool-less® closures that are 72” in diameter, weigh 11.25 tons each and are rated to a pressure of 1,200 psi. Brett Keener, General Manager of Sypris Technologies, commented, “Sypris continues to be a leader in supplying engineered products to support major energy projects around the globe. We are able to meet the demanding requirements of these type of projects by leveraging our extensive experience in engineering and manufacturing high-quality products. We are proud to be a part of enhancing energy infrastructure and contributing to environmental protection.” Sypris Technologies, Inc. is a global leader in the manufacture of custom engineered closures for high-pressure, critical applications serving the oil and gas pipeline infrastructure, hydrocarbon and petrochemical processing, and utility industry since 1927. Headquartered in Louisville, Kentucky, the Company’s products are used worldwide, and can be found in projects ranging from the Trans-Alaska Pipeline and Strategic Petroleum Reserve in the U.S. to the Tengiz Oil Field in Kazakhstan and the Bonny Island Gas Field in Nigeria. For more information about the Company, visit its Web site at www.sypris.com. Forward Looking Statements This press release contains “forward-looking” statements within the meaning of the federal securities laws. Forward-looking statements include our plans and expectations of future financial and operational performance.Such statements may relate to projections of the company’s revenue, earnings, and other financial and operational measures, our liquidity, our ability to mitigate or manage disruptions posed by COVID-19, and the impact of COVID-19 and economic conditions on our future operations, among other matters. Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings. Briefly, we currently believe that such risks also include the following: the impact of COVID-19 and economic conditions on our future operations; possible public policy response to the pandemic, including legislation or restrictions that may impact our operations or supply chain; our failure to successfully complete final contract negotiations with regard to our announced contract “orders”, “wins” or “awards”; our failure to achieve additional orders for existing projects; our failure to achieve and maintain profitability on a timely basis by steadily increasing our revenues from profitable contracts with a diversified group of customers, which would cause us to continue to use existing cash resources or other assets to fund operating losses; dependence on, retention or recruitment of key employees and distribution of our human capital; the cost, quality, timeliness, efficiency and yield of our operations and capital investments, including the impact of tariffs, product recalls or related liabilities, employee training, working capital, production schedules, cycle times, scrap rates, injuries, wages, overtime costs, freight or expediting costs; disputes or litigation involving governmental, supplier, customer, employee, creditor, product liability or environmental claims; our inability to develop new or improved products or new markets for our products; cost, quality and availability of raw materials such as steel, component parts, natural gas or utilities; our reliance on a few key customers, third party vendors and sub-suppliers; unanticipated or uninsured disasters, public health crises, losses or business risks; unanticipated or uninsured product liability claims; volatility of our customers’ forecasts, scheduling demands and production levels which negatively impact our operational capacity and our effectiveness to integrate new customers or suppliers, and in turn cause increases in our inventory and working capital levels; our inability to patent or otherwise protect our inventions or other intellectual property from potential competitors; adverse impacts of new technologies or other competitive pressures which increase our costs or erode our margins; legal rights to operate, manage our work force or import and export as needed; inaccurate data about markets, customers or business conditions; or unknown risks and uncertainties. We undertake no obligation to update our forward-looking statements, except as may be required by law. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005056/en/ CONTACT: Brett H. Keener General Manager (502) 774-6271 KEYWORD: UNITED STATES NORTH AMERICA KENTUCKY INDUSTRY KEYWORD: OIL/GAS MANUFACTURING OTHER MANUFACTURING ENERGY ENGINEERING SOURCE: Sypris Technologies, Inc. Copyright Business Wire 2021. PUB: 02/08/2021 07:30 AM/DISC: 02/08/2021 07:30 AM http://www.businesswire.com/news/home/20210208005056/en Facebook By Digital AIM Web Support – February 8, 2021 WhatsApp Pinterest Facebookcenter_img Previous articleTumelo Skin Care Introduces So Sensitive! Body LotionNext articleMatterkind Expands Global Reach with Two Strategic Hires Digital AIM Web Support Sypris Wins Awards From Two High-Pressure Energy Projects Twitter Local NewsBusiness Twitter WhatsApplast_img read more

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Gritting does not guarantee ice free roads – Council

first_img DL Debate – 24/05/21 Twitter Google+ Facebook Twitter Homepage BannerNews Journey home will be easier – Paul Hegarty Gritting does not guarantee ice free roads – Council News, Sport and Obituaries on Monday May 24th Google+ Important message for people attending LUH’s INR clinic Pinterestcenter_img Pinterest Harps come back to win in Waterford Previous articleFrustration growing among flood-hit Inishowen familiesNext article€1,000 granted to every Gaeltacht school in Donegal News Highland RELATED ARTICLESMORE FROM AUTHOR By News Highland – November 30, 2017 WhatsApp Facebook WhatsApp A senior Donegal County Council roads engineer has said motorists should always drive to the conditions in the winter, and never assume that because a road has been gritted, it is ice free.Speaking on the Nine ’til Noon Show, Brendan O’Donnell said the council routinely grits 1,000 kilometres on 21 routes in the county as part of a programme agreed with elected members.He says gritting decisions are made daily based on weather forecasts, and the council regularly tweets to update motorists on its plans.However, Mr O’Donnell warned gritted roads can freeze over very quickly………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/11/brendangrit.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Arranmore progress and potential flagged as population growslast_img read more

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Gloria Gaynor lists longtime suburban NJ home

first_img Share via Shortlink Tags Celebrity Real EstateNew Jersey Gloria Gaynor (Getty, Douglas Elliman)Gloria Gaynor is saying goodbye to her longtime suburban New Jersey home.The Newark-born singer, best known for the megahit “I Will Survive,” is asking $1.25 million for the 5,318-square-foot in Green Brook, according to the New York Times.She previously put it on the market in 2019 and then again at the beginning of the Covid-19 pandemic. The housing market has picked back up in the past year.The home was built in 1988 by its architect, Jeffrey Beer. Gaynor and her former husband Linwood Simon bought the property in 1998, according to the publication.Gaynor said that over the years she has renovated the kitchen and bathrooms and finished the walkout basement. It has five bedrooms, four full bathrooms, and two half bathrooms.ADVERTISEMENTThe front entrance leads to a two-story octagonal foyer with marble floors. Off the foyer, there’s a master suite with a walk-in closet, sunroom and sitting room. The large sunken living room features a marble fireplace, and there’s a formal dining area.Gaynor said she regularly hosted parties at the house and — fittingly, for a disco queen — built a stage for dancing in front of the pool.Gaynor is now selling the property following health issues that have made its layout challenging for her, per the report. She’s currently building a house in Englewood Cliffs and plans to move in early next year.[NYT] — Dennis Lynch  Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

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The ants come marching

first_img“To know them is to love them,” proclaimed the big-screen slide projected behind Aaron Ellison at the Harvard Museum of Natural History.  That’s not a description usually associated with ants.A senior research fellow in ecology at Harvard Forest, Ellison was discussing his new book, “A Field Guide to the Ants of New England,” to an enthusiastic crowd that included members of the Harvard community and local fans of ecology.Beginning Thursday’s lecture, he asked for a show of hands: How many in the audience had taken a magnifying glass to ants on the sidewalk when they were young? Nearly a third raised their hands — almost all men, he pointed out, joking that it was a non-gender-neutral question.He flipped through his first few slides, of an ant farm from decades past, to an image of two human feet covered in ants. The air was sucked out of the room when the latter appeared, with the creepy-crawly horror it audibly invoked from the group.He quickly moved on. “It took an anthill” said another slide, and Ellison acknowledged his co-authors, including the book’s chief photographer, Gary Alpert, research associate at Harvard’s Museum of Comparative Zoology, and recently retired from Harvard’s Environmental Health and Safety Department. The other co-authors are Nicholas J. Gotelli, professor of biology at the University of Vermont, and Elizabeth J. Farnsworth, senior research ecologist at the New England Wild Flower Society.Ellison then delved into the importance of ants — and not just because, according to Alpert, Harvard happens to have the largest private collection of them in the world.Aaron Ellison and interns from The Nature Conservancy’sLeaders in Environmental Action for the Future (LEAF) program setting up ant sampling plots on Block Island. Photo by Elizabeth FarnsworthAnts, Ellison explained, turn over soil, bringing it up from as deep as two meters beneath the Earth’s surface. There are no earthworms native to New England, he said, or anywhere north of where the glaciers were. It is the ants that have spent the past 15,000 years making New England’s rich topsoil, one inch every 250 years.“No ants? No farms. No food,” he said.Ants also clean up the forest for us. Insects such as caterpillars, moths, and beetles die all the time, but ants are one of the reasons “we are not face deep in insect carcasses when we walk through the forest.”They also disperse about a third of the seeds of New England’s spring flowering woodland herbs.New England has 132 kinds of ants. Ellison said that approximately 14 are “tropical tramps” non-native to New England, and that there are probably closer to 150 or 160 different species, with 11 hiding around the region’s borders.The book is designed to be easy to follow, much like a field guide to birds. It has photographs of the ants in their natural habitats, and illustrations with guidance arrows showing where to look for identification, as well as maps. The book is the first of its kind.He encouraged audience members to go into the field to collect ants themselves, and even to send samples in via the book’s website, to be added to the database. Ants are easy to collect, Ellison said. Using your fingers to pick them up, he said, place them in a vial with a little bit of alcohol so they die. (Tequila or gin works just fine if you “don’t have access to lab-grade ethanol.”) Record where you found them in a notebook, using GPS. You can even bring some cookies along, to eat yourself or as a sugary treat for the ants.The “Lady Gaga,” or Pyramica, ant. Photo by Gary Alpert“They’re cool to look at,” said Ellison. “They’ve got hairs and different colors and cool heads.”Indeed, the “Lady Gaga” ant, as he calls it (actually a Pyramica), has a big head and even a “skirt” that covers its behind.“Ants are a chemical organism,” explained Alpert. “The same amount of information we get visually, they get chemically.”And, they’re being watched closely these days, said Ellison, for their relationship with climate change.last_img read more

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Gold Coast’s top 10 sales: take a look inside the best-selling properties

first_imgThe six-bedroom house fetched $5.225 million.The stone mansion, known as the Mandalay residence, sold in a $5.225 million off-market deal. The sprawling mansion at 79-81 Commodore Drive, Paradise Waters sold in June. The five-bedroom home at 1A Yacht St sold for $7 million.The impressive Hamptons-style mansion sold for the hefty figure under the hammer in June, more than a year after it hit the market. Several agents tried their hand at offloading the property but Ray White Prestige agent Jackson Paradise managed to ink the deal. 4. 45 Knightsbridge Pde West, Sovereign Islands — $6.98 million This Southport house came it at No. 3. It was once owned by Max Christmas.The waterfront mansion, once owned by Gold Coast property kingpin Max Christmas, sold under the hammer last month. At 45 Knightsbridge Pde West, it sold for $6.98 million.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoThe Sovereign Islands mansion fetched $6.98 million after spending almost 200 days on the market. The buyers bought the six-bedroom house in March as a holiday home. Amir Mian Presitge Property Agents’ Ivy Wu and Isaac Kim marketed the property. 5. 20-22 Parklane Tce, Sovereign Islands — $6.3 million It had several failed attempts at selling through different agencies, before Ray White Prestige Gold Coast agent Jackson Paradise relisted it in May. 10. 5724 Observation Cres, Hope Island — $5.225 million The sale of 311 Monaco St, Broadbeach Waters, was the first big deal made for the year.The six-bedroom mega mansion kicked off the eye-watering sales for 2019 when it changed hands for $7.5 million in January. Ray White Prestige agent Matt Gates handled the sale of the property which featured a fully equipped gym, expansive formal and informal living areas, an outdoor kitchen, double pontoon and state-of-the-art technology throughout. 3. 1A Yacht St, Southport — $7 million Placed fourth was this Sovereign Islands mansion. The four-storey mansion at 34 Admiralty Drive, Paradise Waters, sold in April. Two apartments from the Sea complex are in the top 10 sales for the year.The three-bedroom luxury apartment sold in April, with Kollosche director Michael Kollosche penning the deal. The beachfront skyhome sits two floors below this year’s top sale, the penthouse of the Main Beach Sea building. 9. 79-81 Commodore Drive, Paradise Waters — $5.3 million The luxury apartment sold for $8.25 million.The luxurious Main Beach penthouse sold in February through Michael Kollosche of Kollosche Broadbeach. The four-bedroom apartment notched multiple records, including being the highest sale for the first half of 2019, the third highest apartment sale and highest beachfront apartment sale on the Gold Coast. The two-storey residence tops the boutique Sea building and was designed by acclaimed architect Bayden Goddard. MORE NEWS: Half price sale on mansioncenter_img A home to the stars at 5724 Observation Cres, Hope Island, sold earlier this year in an off-market deal. MORE NEWS: Parents hope $5 lottery gets kids into property market The property was designed by internationally acclaimed architect Ralph Bailey and has been the backdrop for photo shoots and a temporary home to Hollywood stars. The deal was inked through Ray White Surfers Paradise. Other eye-watering sales at the premium end of the Gold Coast market have been notched, however not all prices or off-market deals have been entered into property records. 1 Rowes Court, Sorrento, sold in April.Ray White Broadbeach duo Sam Guo and Julia Kuo notched the big sale of the Sorrento house in April. The award-winning, five-bedroom, eight-bathroom mansion featured marble, granite and porcelain finishes as well as a cinema, study and multiple entertainment areas. 7. 34 Admiralty Drive, Paradise Waters — $5.7 million It fetched $5.7 million.The towering riverfront mansion was snapped up by local buyers before it was set to head under the hammer. The four-storey residence sold through Ray White Prestige agent Jackson Paradise. The statement home has five bedrooms, seven bathrooms and a range of luxury features.8. 5/3533 Main Beach Pde, Main Beach — $5.5 million 16-22 Parklane Terrace, Sovereign Islands sold for $6.3 million. 2. 311 Monaco St, Broadbeach Waters — $7.5 million It is a six-bedroom, six-bathroom mansion.Ray White Sovereign Islands agent Edin Kara sold the mega-mansion in Parklane Tce earlier this year. It had been on the market with other agents since September 2018. 6. 1 Rowes Court, Sorrento — $6.2 million Have a look through the properties which have notched the biggest sales so far for 2019.WE have hit the half way mark for 2019 and despite cooler market conditions, there have still been some massive property sales on the Gold Coast. Take a peek inside some of the Glitters Strip’s flashiest pads that have notched the top 10 sales for the year thus far. 1. 7/3533 Main Beach Pde, Main Beach — $8.25 million The Penthouse at 3533 Main Beach Pde, Main Beach, tops the list of 2019 sales.last_img read more

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