Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network entered its sixth day and gasoline stations ran out of supply in some cities. A ransomware attack on the Colonial Pipeline last week halted 2.5 million barrels per day of fuel shipments in the most disruptive cyberattack on U.S. energy infrastructure. The pipeline stretches 5,500 miles (8,850 km) from U.S. Gulf Coast oil refineries to consumers in Mid-Atlantic and Southeast states. In Washington, D.C., top Biden administration officials met late Tuesday to discuss the incident and were considering ways to alleviate gasoline supply shortages, the White House said. Congressional committee members have asked that a White House interagency task force provide a formal briefing to discuss the federal response to the cyberattack.
Meritor and Norwayâs Hexagon Purus Partner on Zero Emission E-Mobility
Troy-based Meritor, a supplier of drivetrain and electric powertrain solutions, has announced it will collaborate with Norwayâs Hexagon Purus, which specializes in zero emission e-mobility.
Meritor has partnered with Hexagon Purus. The companies will integrate Meritorâs Blue Horizon 14Xe ePowertrain (pictured) with Hexagonâs contracted projects. // Image courtesy of Meritor
Troy-based Meritor, a supplier of drivetrain and electric powertrain solutions, has announced it will collaborate with Norwayâs Hexagon Purus, which specializes in zero emission e-mobility.
The companies will integrate Meritorâs Blue Horizon 14Xe integrated ePowertrain into Hexagon Purusâ contracted projects. Production is scheduled to begin in 2021.
Meritor Selected by Hexagon Purus to Supply Electric Powertrains
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TROY, Mich., May 4, 2021 /PRNewswire/ Meritor, Inc. (NYSE: MTOR) today announced it will be collaborating with Hexagon Purus, a global leader in zero emission e-mobility. The companies will work together to integrate Meritor s Blue Horizon™ 14Xe™ integrated ePowertrain into Hexagon Purus contracted projects that include Class 6, Class 7 trucks and Class 8 (6x4) vehicles. Production is scheduled to begin in 2021. We re proud to have Hexagon Purus as a customer and to align our electric powertrain technologies to their needs, said TJ Reed, vice president of Global Electrification for Meritor. This award builds on the commitment we ve made to invest in advanced technologies for customers around the world.
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Reference is made to section 6.8 Shareholdings and stock options of the Information Document for Hexagon Purus AS ( the Company or Hexagon Purus ), published on Friday 11 December, and prepared in relation to the listing of Hexagon Purus on Euronext Growth Oslo.
Hexagon Purus management investment program with PSU matching aims to align the objectives of shareholders and key employees in order to increase the value of the company in the long term.
Key members of Hexagon Purus management team have exercised their right to purchase the maximum number of shares allowable in the management investment program. Each member will in 2024 be entitled to up to three new shares in the Company per share invested, at no consideration, provided that the member is still employed in the Company at such date. The entitlement depends on fulfilment of three criteria, one per matching share. One criterion is tied to increase in share price, one is tied to Company performance and one is tied