DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
PLS Reports Record Lithium Output as EV Demand Fuels Market Growth 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review 
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
Organon Stock Surges After Reports of $13 Billion Buyout Bid by Sun Pharma 
Mercedes-Benz Faces Rising Competition in China but Rejects Price War Strategy 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
WILMERDING, Pa., April 06, 2017 -- Wabtec Corporation (NYSE:WAB) has acquired Thermal Transfer Corp., a supplier of industrial heat exchangers. The company has annual sales of about $25 million.
Thermal Transfer manufactures heat exchangers and related components for a variety of industrial markets. The majority of its sales are in the U.S. and in the aftermarket.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Thermal Transfer will be an excellent strategic fit with our existing heat exchanger products for rail and industrial markets. The company offers a broad portfolio of heat transfer solutions for niche applications, which will enable Wabtec to diversify its product and market applications further. In addition, Thermal Transfer’s extensive design and engineering expertise will complement our existing capabilities.”
Thermal Transfer focuses on providing innovative and durable products in industrial applications where high temperatures and corrosive elements are present. The company has products installed worldwide.
Wabtec Corporation is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.
Contact: Tim Wesley Phone: 412.825.1543 E-mail: [email protected] Website: www.wabtec.com
