Albany, New York (09/22/2014) – Ideal Power Inc (NASDAQ:IPWR) reported that it received multi-unit orders from Sharp Electronics Corporation. It is as per the previously announced purchase agreement entered with Sharp. The order is of 30kW battery converters. The delivery is expected to start in the month of September and will proceed through the end of 2014. The units will be used into Sharp’s SmartStorage™ systems. These Sharp systems are installed in commercial buildings in California. The new purchase orders signify that the demand for energy storage products is on the rise.
L Brands Inc (NYSE:LB) is continuously focusing on the new innovative measures for cost containment and inventory management. It is revamping its business model to boost incremental sales. It has taken speed-to-market initiatives to enhance its sales in a sluggish consumer environment. Bow it wants to focus on international markets that can provide it with long-term growth opportunities. The company wants to revamp its business structure by improving store experience, boosting the direct business and localizing assortments. L Brands expects fiscal 2014 earnings to come in the range of $3.03 to $3.18 per share compared to the previous projection of $3.00 to $3.15 per share.
M&T Bank Corporation (NYSE:MTB) said that Richard Gold will be the new chief risk officer of the company. He will take place of Donald Truslow who was hired by bank as CRO in 2013. Truslow will continue to serve the bank on a part-time basis. Gold is also named as Vice Chairman of M&T Bank. Gold has been with the bank from more than 25 years and has got wide experience in the retail division, mortgage division and business banking units.
Eagle Materials, Inc. (NYSE:EXP) can see a strong growth in the coming times as America’s oil and natural gas industry sees a boom. The product to reap huge benefits for Eagle Materials is Frac sand. Hydraulic fracturing or fracking is a new trend in the industry. The drilling companies are using the Frac sand in their operations. Frac sand is used as a proppant in the process to drill oil and natural gas from rocky regions including shale.