The grant for Purdue University is for a zero-waste food production system designed to convert nutrient-rich waste into energy for system operation and high-value bioproducts.
Turn Industry 4.0 from a concept into a tangible business use case with this helpful assessment. Discover the key elements to implementing a successful project that provides business results that align with your company goals.
The expansion, in South Windsor, Conn., comes as part of the company's strategic plan to expand its production capabilities, innovate and meet strong demand for its meal solutions products.
MÜNZING’s new facility in Clover, S.C. is situated on a swath of land that was formerly a tree farm, offsetting the company’s carbon footprint.
Believer Meats has signed a strategic partnership agreement with GEA to co-develop technologies and processes to improve the unit economics and sustainability of cultivated meat production.
Since its introduction in late 2019, Kinder Bueno has reached No. 17 in sales among mainstream chocolate brands, hitting more than $214 million in retail sales in the past year.
The projects will include the addition of five new cage-free layer houses across its locations in Florida, Georgia, Utah and Texas.
The production line is now fully operational, with the first ready-to-heat rice pouches rolling off the line and out to the retail market.
With the completion of Lamb Weston's second facility for frozen potato products in Kruiningen, The Netherlands, this site has expanded its production capabilities while integrating sustainable technologies to advance potato processing and product packaging.
Single-family and multifamily housing production accelerated in November, due to strong demand for new construction.
The fully continuous, automated and chilled dough substrate processing system reduces manufacturing costs and can produce range of plant-based meat products at volumes of 2,500-5,000 lb./hr. on a single processing line.
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Nornickel's plans to move copper plant production to China have raised questions both in the government and among experts. In April, Nornickel (Norilsk Nickel) announced plans to "create a joint venture with international partners and transfer part of the copper plant's capacities from Norilsk to China." The copper plant will continue to operate "modern copper concentrate preparation facilities and industrial 3D printers." "We are transferring our environmental problems, settlement problems, problems of market access and customization of our goods for the consumer market to where they can be solved most effectively — to China," Vladimir Potanin, co-owner of PJSC MMC Norilsk Nickel said in an interview with Interfax.
Epson, the printing technology solutions provider, has introduced its latest breakthrough in the signage printing market, the SC-S9100.
Source: Darren Aftahi 11/06/2024
Terawulf Inc. (WULF:NASDAQ) "gained better insight into its supply chain for delivering ~72.5MW of HPC capacity by 2Q25, with the potential to generate ~US$90M in annualized revenue with US$60M+ in profit," wrote a Roth MKM analyst in an updated report.Roth MKM analyst Darren Aftahi, in a research report published on November 5, 2024, maintained a Buy rating on Terawulf Inc. (WULF:NASDAQ) with a price target of US$7.50. The report follows TeraWulf's October production update and insights into its HPC capacity expansion plans.
Aftahi highlighted the company's HPC capacity development, stating, "WULF gained better insight into its supply chain for delivering ~72.5MW of HPC capacity by 2Q25, with the potential to generate ~US$90M in annualized revenue with US$60M+ in profit (exit run rate). Its 2.5MW concept building is now complete, and its 20MW facility is on schedule for 1Q25."
Regarding October's production metrics, the analyst noted, "WULF mined 150 BTC in October, up 7% m/m on a comparable basis to only Lake Mariner in September (140 BTC). The ending hash rate is now 8.1 EH/s (vs. 10) from the removal of Nautilus." He added that "machine efficiency is now 22 J/TH vs. the prior combined rate of ~24.6 J/TH."
The analyst observed operational improvements, commenting, "Avg. operating hash rate was ~6.8 or ~84%, slightly ahead of prior months (although reported in aggregate). Part of this is being driven by the accelerated replacement of older miners at Lake Mariner."
The report noted that upon reinstallation of damaged miners at Lake Mariner, the hash rate would increase to approximately 8.7 EH/s, though power cost per BTC increased about 5% month over month.
Roth MKM's valuation methodology is based on an EBITDA multiple approach. Aftahi explained, "We apply a ~24x multiple to our projected FY25 adj. EBITDA of ~US$120M to arrive at our price target of US$7.50."
The analyst outlined several risk factors, including Bitcoin price volatility, regulatory changes, unproven new business segments, capital requirements, weather impacts, competition, power contracts, and reliance on third-party suppliers.
In conclusion, Roth MKM's maintenance of their Buy rating and US$7.50 price target reflects confidence in TeraWulf's operational execution and growth potential in both Bitcoin mining and HPC capacity. The share price at the time of the report of US$5.98 represents a potential return of approximately 25.4% to the analyst's target price.
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Disclosures for Roth MKM, TeraWulf Inc., November 5, 2024
Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
Disclosures: Within the last twelve months, ROTH Capital Partners, or an affiliate to ROTH Capital Partners, has received compensation for investment banking services from TeraWulf, Inc.. Shares of TeraWulf, Inc. may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.
Not Covered [NC]: ROTH Capital does not publish research or have an opinion about this security. ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. The material, information and facts discussed in this report other than the information regarding ROTH Capital Partners, LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This report should not be used as a complete analysis of the company, industry or security discussed in the report. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this report are subject to change without notice. An investment in the stock may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, an investment in the stock may involve a high degree of risk and may not be suitable for all investors. No part of this report may be reproduced in any form without the express written permission of ROTH. Copyright 2024. Member: FINRA/SIPC.
( Companies Mentioned: WULF:NASDAQ, )
Vox Royalty Corp. (VOXR:TSX.V) reported its Q3 2024 financial results. Read more on how strong cash flow growth, record production, and key project milestones are driving these results.
The facility is now testing biodiesel fuel being produced by several companies in the region and from the harvest of crops growing around the landfill to test which ones grow best in the local climate while producing the best oils for biodiesel.
A new report from the National Research Council examines and, when possible, estimates hidden costs of energy production and use.
Although the current supply of molybdenum-99 and technetium-99m – isotopes used worldwide in medical diagnostic imaging – is sufficient to meet domestic and global demand, changes to the supply chain before year-end could lead to severe shortages and impact the delivery of medical care, says a new report by the National Academies of Sciences, Engineering, and Medicine.
A research team led by a Northwestern University scientist has discovered that male animals, through their invisible chemical "essence," prime female animals for reproduction but with the unfortunate side effect of also hastening females' aging process.
Top wearables brands such as Boat and Gizmore are making most products locally in key categories audio and smartwatch through electronics contract manufacturers such as Dixon Technologies and Optiemus Electronics. Domestic shipments of wearables jumped 81% on-year in the first quarter of calendar year 2023 to 25 million units, with India surpassing China to become the largest market in the world, according to IDC India.
Industry executives have informed the Ministry of Electronics and Information Technology (MeitY) about the extended timelines for acquiring BIS (Bureau of Indian Standards) certification. This is due to the mandatory separate tests for battery packs installed on laptops, after running viability tests for making the products with local contract manufacturers.
Artisan breads sales are on the rise. The global artisan bakery market is expected to increase at a rate of 4.1 percent from 2019–24 to reach a market value of $4.5 billion.
DIOSNA's new Internet of Things (Iot) solution is accessible anytime and anywhere and transforms existing manufacturing processes into the Industry 4.0 era.
Luxme International has supplied a SANILux Tubular Chain Conveyor with automated clean-in-place technology to nutrition bar manufacturer TruFood, enhancing food safety and increasing line efficiency at the company’s Pittsburgh-based facility.
tna completely redesigned and optimized the company’s manufacturing site in Parkersburg, West Virginia, achieving a 400% capacity increase.
Once constructed, the facility will produce The Cheesecake Factory’scheesecakes and signature bakery products for its restaurants and other foodservice wholesalers, retailers, and distributors.
Ingredion Incorporated has announced two new additions to its plant-based portfolio produced at the Company’s new pea protein manufacturing facility in South Sioux City, Nebraska—VITESSENCE Pulse 1853 pea protein isolate and PURITY P 1002 pea starch.
Reviewing and revising sanitation standard operating procedures (SSOPs) during the COVID-19 pandemic.
Compact belts and conveyors for snack and bakery production meet demands for cleanability and automation.
Consumer demand for artisanal baked goods and better-for-you snacks are making new laminators and sheeters must-have equipment for many manufacturers.
Biospringer North America Corporation has announced an expansion on its yeast extract site in Cedar Rapids, Iowa, to support the growing market trend for natural origin ingredients derived from fermentation.
Companies that make pans for the baking industry, whether for breads, baguettes, muffins, cookies, cakes, pies, etc., are focused on issues like larger sizes, a desire for energy and material efficiency, stick resistance, and the ability to help produce specialty and artisanal products.
Milk Specialties Global has doubled its lactose production following the expansion of its west coast processing facility in Visalia, CA.
According to SF&WB's 2019 State of the Industry analysis, the frozen retail pizza segment increased by 4.8 percent from 2018 to 2019 and has hit $5.0 billion in annual retail sales, per IRI.
Haas-Meincke food technologists helped develop Hup Seng recipes for its cookie assortment, which have been awarded with the Monde Selection International High Quality Trophy.
Cost, safety, efficiency, footprint, operator familiarity, and the ability to meet regulations are among the key factors that snack and bakery facilities need to consider when deciding whether to keep and refurbish an old piece of equipment, or send it to the scrap heap and buy new.
MECATHERM has joined forces with ABI LTD to launch MECABAGEL, an industrial production solution for bagels that is unmatched on the market.
In response to continued consumer demand for label-friendly ingredients, Cargill has expanded its processing capabilities of its sweetener plant in Cikande, Indonesia, to more than double the company’s production capacity for organic, non-GMO tapioca syrup.
Thanks to their new 22,000-sq.-ft. production facility in Cudahy, Wis., the folks at Angelic Bakehouse now have the room, additional equipment and the structure they need to efficiently produce sprouted whole-grain breads, buns, rolls and flatbread/pizza crusts using an unusual process.