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Marine industry technology news ranges from engine and other product debuts to reports of executive promotions and interviews with CEOs.

Marine hardware company receives innovation grant

A marine hardware company in Mystic, Conn., is among the first 10 companies in the state to receive grants through a stimulus program. Tylaska Marine Hardware received $25,000 through the Small Business Innovation and Diversification Program, which is funded with $500,000 to help Connecticut’s small businesses develop, produce and get new products into the marketplace,…more

SmartPlug Systems seeks to expand

Seattle-based SmartPlug Systems is seeking strategic partnerships to help expand its ETL Listed line of electrical products into all markets worldwide. SmartPlug is evaluating partnerships with industry leaders because of increasing interest and demand for existing products in many new industry sectors and market verticals. Since the plug and connector were approved, sales have grown…more

Cummins to build plant in Turkey

Cummins will break ground early next year on a multiphased manufacturing site at the Aegean Free Trade Zone in Izmir, Turkey. The Columbus, Ind.-based company first plans to build a filtration manufacturing plant and will follow with a facility to produce alternators for its power-generation business. Production is expected to begin in early 2012 and…more

Volvo Penta, Yamaha sign control-systems deal

AB Volvo Penta and Yamaha Motor Co. today announced they have signed a technical agreement for the joint development of control systems for boats with outboard motors. “We are proud to be working with Volvo Penta,” Yamaha Marine Group president Ben Speciale said in a statement. “As a leader in outboard innovation, we look forward…more

Intellian moves to larger quarters

Intellian moved its U.S. headquarters and warehouse in Irvine, Calif., to a larger location and opened a new office in the Seattle metropolitan area. The Irvine office and warehouse is four times larger than its previous location, and the new Seattle-area location is home to Intellian’s growing marketing department and the director of VSAT sales…more

MTU Detroit Diesel plant opens in South Carolina

The new MTU Detroit Diesel engine production facility celebrated its grand opening Wednesday in Aiken, S.C. The plant will manufacture MTU Series 2000 and 4000 engines, primarily for the U.S. market. The assembly lines are the first step on the way to developing the Aiken plant into a broad production base in the United States.…more

Cobra Electronics reports 3Q results

Cobra Electronics Corp., a leading designer and marketer of mobile communications and navigation products, reported net earnings of $874,000, or 14 cents a share, for the third quarter. That compares with a net loss of $509,000, or 8 cents a share, in the third quarter of 2009. Results improved because of higher sales, an increase…more

Capstone Turbine enters into OEM agreement with Kilo-Pak

Capstone Turbine Corp., a leading manufacturer of clean technology microturbines, entered into an OEM agreement with Kilo-Pak for microturbine-based on-board power packages for the marine industry. Kilo-Pak, a Reagan Equipment subsidiary, developed a traditional on-board power generator for the luxury yacht market in 2008 that uses diesel engines. Recently, in response to interest across the…more

Firm set to bid for Dometic

Private equity firm Permira is among the potential bidders for Sweden-based Dometic, the marine refrigerator maker being sold by its banks. Banks took control of the business from buyout owners BC Partners in September 2009, Dow Jones Newswires reports. The auction is being run by Merrill Lynch and first-round bids are due Nov. 9. The…more

Cummins reports 3Q results

Cummins today reported that third-quarter sales and profits increased sharply from the same period a year earlier, with the company’s continued strong performance in international markets a primary driver of the improved results. Sales of $3.4 billion in the third quarter, which ended Sept. 26, rose 34 percent from $2.53 billion in the same quarter…more

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