NEMA Applauds Introduction of the
Intellectual Property Rights Enforcement Act
Senators Evan Bayh (D-IN) and George Voinovich (R-OH) recently introduced "The Intellectual Property Rights Enforcement Act" in the U.S. Senate. Their bill seeks to ensure continued improvement in domestic interagency coordination, as well as international coordination among nations committed to fair trade and shutting down counterfeiting and piracy networks.
"Counterfeiting in electrical products is on the rise and represents a growing public safety concern in addition to sales lost to the criminal enterprises that finance piracy and counterfeiting," said NEMA President Evan Gaddis. "More often than not, the counterfeit electrical product is a substandard product and an unsafe product. This is well documented."
For the entire press release, click here.
More information on NEMA's Anti-Counterfeiting program.
Contracts | Mergers & Acquisitions | Personnel | Awards
ABB India Wins Rs 311 Crore Power and Automation Order
ABB India recently announced that it has won a Rs 311 crore order for power and automation products and systems from Grasim Industries' Cement division and Ultratech Cement, part of the Aditya Birla Group, for their cement capacity expansions. 02/12/07
Lincoln Electric Announces Agreement With Robert Yates Racing
With the 2007 NASCAR racing season ramping up, Lincoln Electric has recently announced that it has formed a team-supplier agreement with Robert Yates Racing, home of drivers #38 David Gilliland, #88 Ricky Rudd, and #90 Stephen Leicht. 02/07/07
Siemens Awarded $50.8 Million Contract for LAX Baggage Handling System Siemens Energy & Automation’s Airport Logistics Division recently announced that it was awarded a $50.8 million contract from Clark/McCarthy for a baggage handling system with integrated explosive detection screening as part of the renovation of the Tom Bradley International Terminal at Los Angeles International Airport (LAX).
Siemens to Supply Key Technology for Clean Power Generation in U.S.
Siemens Power Generation (PG) has recently been awarded a major contract to supply key equipment for a new coal-fired power station in West Virginia. 02/05/07
GE Gains Additional Commitments for Power Projects in Saudi Arabia
GE Energy recently announced its commitments for major power plant projects in Saudi Arabia. 02/05/07
US Orthopedic Institute Chooses Sectra’s Orthopedic PACS
The Rothman Institute, recognized as one of the most prominent orthopedic care centers in the United States, has recently selected the medical IT company Sectra as their Orthopedic Picture Archiving and Communication System (PACS) provider. 02/02/07
ABB Wins $20 Million Order to Strengthen Power Supply in Mexico
ABB recently announced that it has won an order worth $20 million to supply a Static-Var Compensator (SVC). 02/01/07
ABB to Upgrade Control and Valve Cooling System for High Voltage Direct Current Station
ABB announced that it has recently been selected by the Public Service Company of New Mexico to upgrade the control and the valve cooling systems of their existing ABB high voltage direct current (HVDC) system delivered over 20 years ago. 01/30/07
Mergers & Acquisitions
Genlyte Group Announces Acquisition of Hanover Lantern Business
The Genlyte Group Incorporated recently announced that it has reached an agreement to acquire Hanover Lantern, located in Hanover, Pennsylvania. 02/12/07
Belden to Acquire LTK Wiring Based in Hong Kong
Belden, a provider of signal transmission solutions for data networking and electronics, announced that it has recently entered into a definitive agreement to purchase LTK Wiring Co. Ltd., a Hong Kong company, in an all-cash transaction for approximately $195 million. 02/09/07
Belden Agrees to Acquire Hirschmann Automation and Control
Belden recently announced that it has entered into a definitive agreement to purchase Hirschmann Automation and Control GmbH (together with certain affiliates, HAC) from HgCapital, a European private equity investor, for a cash purchase price of approximately $260 million. 02/02/07
Fujifilm Medical Systems USA Announces Acquisition of Problem Solving Concepts, Inc.
Fujifilm Medical Systems USA, Inc., recently announced the acquisition of cardiology PACS vendor Problem Solving Concepts, Inc. (ProSolv®), Indianapolis. 01/31/07
Khan Named President of OSRAM SYLVANIA Ltd.
OSRAM SYLVANIA Ltd. recently announced that it has named Abbas Khan as president. 02/09/07
GE Appoints Jeff Zucker as President and CEO of NBC Universal; Bob Wright to Serve as GE Vice Chairman
General Electric Company Chairman and Chief Executive Officer Jeffrey R. Immelt recently announced the appointment of Jeff Zucker as president and chief executive officer of NBC Universal, succeeding Bob Wright, who has served with distinction in this role for 21 years and will continue to serve as a GE vice chairman. 02/08/07
Rockwell Automation Elects New Board Members
Rockwell Automation Inc. recently announced that Chairman and Chief Executive Officer Keith D. Nosbusch, William T. McCormick Jr., and Barry C. Johnson Ph.D. have been elected to the board of directors with terms expiring in 2010. 02/08/07
Charles E. Golden Elected to Eaton’s Board of Directors
Eaton Corporation recently announced that Charles E. Golden has been elected to the company’s board of directors, effective immediately. 01/30/07
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Lighting Systems Index Tumbles at the Close of 2006
NEMA’s Lighting Systems Index fell 9.4 percent between the third and fourth quarters of 2006 and was off 5.6 percent on a year-over-year basis. 02/12/07
NEMA Calls for Renewal of Trade Promotion Authority
The National Electrical Manufacturers Association (NEMA) applauds U.S. Trade Representative Susan Schwab’s call today for the renewal of President Bush’s Trade Promotion Authority (TPA), which, barring Congressional action, is currently scheduled to expire on July 1. 02/12/07
Indices Point to Strong Finish to 2006 for Industrial Controls Market
The National Electrical Manufacturers Association’s (NEMA) Primary Industrial Controls Index jumped nearly 8 percent between the third and fourth quarters of 2006, its largest quarter-to-quarter increase since 1992. 02/02/07
Current North American Business Conditions Rebound in January
The National Electrical Manufacturers Association’s (NEMA) Electroindustry Business Confidence Index (EBCI) for current North American business conditions rebounded in January following two consecutive months of decline at the close of 2006. 01/31/07
ABB Sells Stakes in Power Projects in Morocco and India
ABB recently announced that it has agreed to sell its stakes in two independent power projects to Taqa, the Abu Dhabi National Energy Company, for $490 million.
Newly Combined Philips and Stereotaxis Technologies Improve Precise Navigation During Complex Heart Surgery
Royal Philips Electronics recently announced installations of new cardiac electrophysiology (EP) labs at University of California San Francisco Medical Center, San Francisco, and St. Elizabeth’s Hospital, Boston, designed to improve catheter navigation within the heart’s chambers. 02/06/07
Vivantes and Agfa HealthCare Complete First Phase of Germany's Largest Hospital IT Project
Agfa HealthCare recently announced that it has successfully completed the initial phase of the ORBIS Hospital Information System (HIS) implementation at the Vivantes Netzwerk für Gesundheit GmbH, Germany's largest municipal hospital group. 02/01/07
Cedara Software Announces Strategic Relationship With InSite One Inc.
Cedara Software, a Merge Healthcare company, recently announced a new strategic relationship with InSite One Inc. to provide online radiology services. 01/31/07
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