Other

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

Cummins reports 4Q, year-end results

Cummins reported record profits for all of 2010, as well as record quarterly sales and profits for the fourth quarter. Fourth-quarter sales were $4.14 billion, up 22 percent from $3.4 billion during the same period in 2009. Earnings before interest and taxes were $541 million, or 13.1 percent of sales, a 41 percent increase from…more

Aqualuma raises money for Australian flood relief

In the wake of devastating floods in Queensland, Australia, Aqualuma announced it will donate $10 for every “underwater light” sold worldwide in the first quarter of 2011. The funds will be donated to the “Premiers Flood Relief Appeal.” “We are a proud Queensland company and this is our way of doing something for this great…more

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

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