Azure Dynamics Announces Filing of A Preliminary Short Form Prospectus for an Offering of Common SharesOAK PARK, Michigan, November 18 - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR Motors Liquidation Co. to Continue Sales Process for Facility in Strasbourg, FranceDETROIT - - Bank of America Merrill Lynch Retained as Financial Advisor Motors Liquidation Co. (MLC), formerly known as General Motors Corp., announced today it intends to continue with the sale process of its powertrain manufacturing and engineering facility in Strasbourg, France, which operates as a subsidiary of MLC. It was also announced that Bank of America Merrill Lynch has been retained as financial advisor for the sale. Court Confirms Hayes Lemmerz International, Inc.’s Plan of ReorganizationNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that the United States Bankruptcy Court for the District of Delaware (the “Court”) has confirmed a plan of reorganization for the Company and substantially all of its U.S. subsidiaries that will significantly improve the Company’s balance sheet and reduce its leverage. The Company’s total consolidated prepetition funded indebtedness of approximately US$720 million is expected to be reduced to approximately US$240 million upon emergence from Chapter 11. ‘Nexteer Automotive’ Announced as New Brand Name for Delphi’s Global Steering Division Following Completion of SaleSAGINAW, Michigan - - Sale positions steering supplier for a strong future with diverse and global customer base - Continued leadership on fuel-saving and emission-reducing Electric Power Steering (EPS) technology - Structure and policies implemented for customer confidentiality and intellectual property protection while under GM ownership Ponemon Institute and Imperva Survey Shows Companies Still Struggle to Protect Consumer Credit Card DataREDWOOD SHORES, California and TRAVERSE CITY, Michigan - - 71% of Companies do not Treat PCI as a Strategic Initiative - Yet 79% Have Experienced a Data Breach - 55% do not Secure Social Security Numbers, Driver’s License Numbers, and Bank Account Details; Consumers are More at Risk With Smaller Businesses - Data Security Leader Imperva Provides Recommendations to Consumers, Businesses and PCI DSS Council in Advance of the Oct 31st Deadline Hayes Lemmerz International, Inc. Realigns Global OperationsNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that effective September 1, 2009, the Company realigned its global operational sites into three regions. AEES Launches New Brand Identity, Marks New Vision as a Stand-Alone Global SupplierFARMINGTON HILLS, Michigan - AEES - a world leader in the design, development and production of high- quality electrical and electronic distribution systems for commercial and personal vehicles - today launched its new brand identity, which celebrates the company’s rich heritage while supporting its new strategic direction as a focused, stand-alone business. Hayes Lemmerz International, Inc. Reaches Agreement on Consensual Plan of Reorganization with Secured Lenders and Unsecured CreditorsNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (the “Company”) announced today that the Company has reached an agreement among its DIP lenders, pre-petition secured lenders and the Official Committee of Unsecured Creditors (the “Creditors’ Committee”) on the terms of a plan of reorganization. The Company also announced that on September 2, 2009, the Bankruptcy Court for the District of Delaware approved the Company’s disclosure statement with respect to the first amended plan of reorganization (the “Plan”) incorporating the terms of the agreement among these parties. The approval of the disclosure statement allows the Company to move forward in soliciting acceptances of the Plan from its pre-petition secured lenders and other creditors. The hearing to confirm the Plan has been scheduled for October 15, 2009. Azure Dynamics Announces Second Quarter 2009 ResultsOAK PARK, Michigan - - All Amounts in US$ Unless Otherwise Specified Azure Dynamics Corporation (TSX: AZD) - (”Azure” or the “Company”), a leading innovator in the development of environmentally friendly and cost effective hybrid electric and electric technologies for commercial vehicles, today reported its second quarter financial results for the period ending June 30, 2009. The Company also provided an update on corporate and product development activities. Alticor Enters Into Joint Venture Agreement With MetagenicsADA, Michigan and SAN CLEMENTE, California - - Metagenics to Operate as a Stand-Alone Entity Serving Health Care Professionals Terumo Heart Names Tom Gould and Mark Bullivant to Senior Management Positions in Left Ventricular Assist Device MarketANN ARBOR, Michigan - Terumo Heart, Inc., a wholly owned subsidiary of Terumo Corporation, today announced that it has named Thomas (Tom) B. Gould as Vice President, Clinical Affairs and Mark A. Bullivant, as Director, International Sales. PROTOMED SA Chooses HyperWorks to Simulate Implantable Medical DevicesTROY, Michigan and MARSEILLE, France - - CAE suite and use of finite element analysis streamline development processes in the development of medical devices Hearing to Approve Hayes Lemmerz International, Inc. Disclosure Statement Adjourned to August 18, 2009; Restructuring Continues as PlannedNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that the hearing to approve the disclosure statement with respect to its proposed plan of reorganization (the “Plan”) has been adjourned to August 18, 2009. The Plan and disclosure statement were filed with the United States Bankruptcy Court for the District of Delaware on July 2, 2009 and the hearing to approve the disclosure statement was originally scheduled for July 30, 2009. The three-week adjournment will allow the Company additional time to continue negotiations with creditors and other constituents with respect to the final Plan. The Company already has the overwhelming support of its senior secured lenders regarding the reorganization contemplated by the Plan. Hayes Lemmerz International, Inc. Files Proposed Plan of Reorganization and Disclosure StatementNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that it has filed a proposed plan of reorganization (the “Plan”) and disclosure statement with the United States Bankruptcy Court for the District of Delaware (the “Court”). If confirmed by the Court, the Plan provides that the Company’s debtor-in-possession (”DIP”) lenders and prepetition secured lenders would own substantially all of the common stock of the reorganized Company and all of its global manufacturing locations, upon its emergence from Chapter 11. Altair Launches Analytics and Desktop-User Portal with New Release of PBS GridWorksTROY, Michigan - - Latest release delivers complete support for cost-effective, scalable private HPC compute clouds AVL Employs PBS GridWorks for Powertrain Engineering and DevelopmentTROY, Michigan - Altair’s PBS Professional Chosen to Manage Compute Intensive Workloads for Engine Component Design Hayes Lemmerz International, Inc. Receives Certificate of Achievement for QualityNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that its subsidiary, Hayes Lemmerz Werke GmbH, which operates the Company’s Konigswinter, Germany facility, has received a certificate of achievement from DAF Trucks N.V. and Leyland Trucks, both divisions of Paccar Inc. The certificate recognizes that Hayes consistently met or exceeded quality performance requirements for the parts supplied by Hayes to DAF and Leyland in 2008. EADS Defence & Security and Premium AEROTEC GmbH Extend Use of HyperWorksTROY, Michigan - Altair’s CAE product family helps streamline processes at EADS Defence & Security and aerospace companies Designed for Where You Want to Sit. Herman Miller Introduces Setu(TM) Chairs: The Next Generation of Multipurpose SeatingZEELAND, Michigan - Herman Miller, the international leader in ergonomic seating design, announces the next generation of multipurpose chair for all the places we work and live now. With Setu chairs, designed by Studio 7.5 of Berlin, Herman Miller applies its award-winning seating expertise to a major chair category that has seen little innovation in years. Hayes Lemmerz International, Inc. Wins Significant New BusinessNORTHVILLE, Michigan - Hayes Lemmerz International, Inc. (”Hayes” or the “Company”) announced today that it has received several new business awards from both existing and new customers. The Company’s Saraburi, Thailand plant will produce 16″ alloy wheels for the Toyota Scion. This new award provides additional volume for Hayes, which is a major supplier to Toyota in many parts in the world, including Japan and Thailand. In addition, the Thai plant received new business awards to produce 14″ alloy wheels for Nissan (an existing customer), as well as 15″ alloy wheels for a new customer, Autech Japan, Inc., a subsidiary of Nissan. Altair Releases HyperWorks 10.0 with Powerful New Solver Capabilities and Technology InnovationsTROY, Michigan - New release broadens CAE platform for simulation-driven product development Altair Engineering (www.altair.com), a global provider of technology and services empowering client innovation and decision making, today announced the release of Altair HyperWorks 10.0, an even more powerful version of its popular integrated computer-aided engineering (CAE) software suite. This new release builds upon the breadth of solver solutions and computation speed of RADIOSS, launches several first-to-market design optimization advancements, introduces a new mathematical analysis software technology, and extends its market leadership position in modeling and visualization technologies. Terumo Heart, Inc. Reaches Clinical Milestone as the 100th Patient Worldwide Receives the DuraHeart(TM) Left Ventricular Assist SystemANN ARBOR, Michigan - Terumo Heart Inc., a wholly owned subsidiary of Terumo Corporation, today announced reaching a critical milestone in the worldwide expansion of its DuraHeart(TM) Left-Ventricular Assist System (LVAS) as the 100th patient was treated by Latif Arusoglu, MD and Michiel Morshuis, MD, cardiothoracic surgeons at the Clinic for Thoracic and Cardiovascular Surgery, Heart and Diabetes Center NRW, University Hospital of the Ruhr-University of Bochum in Bad Oeynhausen, Germany. CPM Resource Center and The Shams Group Partner To Help Hospitals Integrate Evidence-Based Clinical Content Into Information SystemsGRAND RAPIDS, Michigan - For the First Time, Hospitals Using MEDITECH and Other HIT Solutions can use CPMRC’s Interdisciplinary Clinical Content Through TSG’s Integrated Portal Solutions Azure Dynamics Announces First Quarter Results for 2009OAK PARK, Michigan - Azure Dynamics Corporation (TSX: AZD) - (”Azure” or the “Company”), a leading innovator in the development of environmentally friendly and cost effective hybrid electric and electric technologies for commercial vehicles, today reported its first quarter financial results for the period ending March 31, 2009. The Company also provided an update on corporate and product development activities. Former Magna International Executive Joins Azure Dynamics’ Board of DirectorsOAK PARK, Michigan - Azure Dynamics Corporation (TSX: AZD & LSE: ADC) (”Azure” or the “Company”) a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced the appointment of J. Brian Colburn to its Board of Directors, subject to normal regulatory approvals and procedures. Colburn recently retired after serving as a senior executive at Magna International Inc. for almost 30 years. He replaces Robert A. Donaldson who is stepping down from the Azure Board of Directors after six years. Plastipak Packaging Announces Breakthrough Hot-Fill Lightweighting Technology Deal with Tecsor HRPLYMOUTH, Michigan - Plastipak Packaging, Inc. (”Plastipak”), a wholly owned subsidiary of Plastipak Holdings, Inc., is pleased to announce that it has entered into a perpetual and exclusive worldwide hot-fill technology license with Tecsor HR, a French corporation. Plastipak has the right to sublicense the technology, and also has an option to take an equity stake in Tecsor HR. Tata Technologies Brand Launches InternationallySINGAPORE, DETROIT, LONDON and PUNE, India - Consolidation of former operating companies yields all-new organization Study Data Show Positive European Experience With DuraHeart Left Ventricular Assist Device for Advanced Stage Heart Failure PatientsANN ARBOR, Michigan - Sustained Benefits for Patients Awaiting Transplantation The DuraHeart(TM) Left Ventricular Assist System (LVAS) shows sustained benefits in providing safe and reliable long-term circulatory support with an improved survival rate and an acceptable adverse event rate in advanced heart failure patients who were eligible for transplantation. These conclusions, based on the European experience with DuraHeart, the first active magnetically levitated centrifugal left ventricular assist system, are published on line in the European Journal of Cardio-thoracic Surgery (EJCTS) at dx.doi.org/10.1016/j.ejcts.2008.12.033. Azure Dynamics Corporation (”Azure” or the “Company”) - Notice of Cancellation of AIM ListingOAK PARK, Michigan - Azure Dynamics Corporation (TSX: AZD & LSE: ADC) (”Azure” or the “Company”) a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced following its announcement of 16 January 2009, detailing the Company’s planned restructuring and cost reduction plan, Azure hereby announces that, following a review of the Company’s AIM listing by its Board, the Company has decided to cancel the admission of its common shares to trading on AIM with effect from 0700 on 8 May 2009 (the “Cancellation Date”). The last trading day for the Company’s shares on AIM will be 7 May 2009. Visteon UK Ltd Enters Into Administration in United Kingdom, Affecting Three Manufacturing OperationsVAN BUREN TOWNSHIP, Michigan - Visteon Corporation (OTC: VSTN) today announced that one of its EADS Innovation Works Europe Adds HyperWorks to Their Set of Preferred CAE ToolsTROY, Michigan - Strategic decision for HyperWorks helps to enhance modeling and Azure Dynamics Reports Fiscal 2008 Year End ResultsOAK PARK, Michigan - Azure Dynamics Corporation (TSX: AZD & LSE: ADC) (”Azure” or the “Company”) a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced its financial results for the three and twelve-month periods ended December 31, 2008. The Company also provided an update on corporate and product development activities in the year. Chrysler LLC Statement in Response to the Announcement by the Administration, U.S. Treasury and President’s Auto Task Force Attributed to Chrysler LLC Chairman and CEO, Bob NardelliAUBURN HILLS, Michigan - Today marks an important milestone for Chrysler LLC. We are encouraged by /C O R R E C T I O N — Chrysler LLC/AUBURN HILLS, Michigan - In the news release, Chrysler LLC Statement in Response to the |
