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
Marine industry technology news ranges from engine and other product debuts to reports of executive promotions and interviews with CEOs.
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
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 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
Intellian announced its limited-time year-end rebate promotion, which runs through Dec. 31. During that time, customers who purchase an Intellian i2 or i3 satellite TV antenna can receive $100, and those who purchase the i4, i6, or an Intellian Fleet Broadband FB150 or FB250 communication system are eligible to receive a $200 cash rebate. “Our…more
New Mares models for 2011 will have Cummins diesels and Zeus pod drives, company president Lenny Noble announced. The first 43 Fly-Bridge and 43 Express are scheduled to arrive early next year. Mares has been building power catamarans from 38 to 100 feet for more than two decades. Click here for the full release.
Marine and fire safety equipment manufacturer Viking Life-Saving Equipment A/S recently acquired Hygrapha GmbH & Co. “The move sees the two former competitors joining forces to strengthen capabilities, with a strong strategic presence in Germany, where the deal will be a significant win for ship owners looking for global safety solutions,” the companies said in…more
Cobra Electronics launched a new website featuring easier navigation. The site is organized into product categories as well as lifestyle categories to make it easier for users to see everything they need for a specific activity, such as spending a day on the water or taking a road trip. Each product category is then divided…more
Indmar Marine Engines announced a new factory five-year warranty program available on all 2011 Indmar marine engines. The warranty is fully backed by Indmar and does not include an outsourced third party, the company said. The warranty is also fully transferable. “With five consecutive recognitions from the NMMA for outstanding customer service, offering the Factory…more
Cook Composites and Polymers announced a price increase of as much as 12 cents a pound for Chempol Acrylic Coatings Resins and Coroc Additives. The new prices are effective for orders shipped on or after Sept. 20. “This action is necessary due to continued cost increases and tight supply of acrylic monomers,” the company said…more