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Grace Files Flash Chromatography Patent Infringement Suit Against Teledyne Isco
2013-03-28 08:03:14| dairynetwork News Articles
On March 15, 2013, W. R. Grace & Co., through its wholly-owned subsidiary, Alltech Associates, Inc., filed a lawsuit in U.S. District Court for the District of Delaware against Teledyne Technologies, Inc., doing business as Teledyne Isco of Lincoln, Neb., for infringement of four Grace U.S. Patents that cover its proprietary Reveleris® X2 flash chromatography system.
Grace Announces Release Date for First Quarter 2013 Results
2013-03-26 13:00:00| W.R. Grace & Co.
COLUMBIA, Md.--(BUSINESS WIRE)--W. R. Grace & Co. (NYSE: GRA) announced today that it will release its first quarter 2013 financial results at 6:00 a.m. ET on Wednesday, April 24, 2013. A company-hosted conference call and webcast will follow at 11:00 a.m. ET that day. During the call, Fred Festa, Chairman and Chief Executive Officer, and Hudson La Force, Senior Vice President and Chief Financial Officer, will discuss the first quarter results and provide commentary on business performance. A question and answer session with analysts will follow the prepared remarks. Access to the live webcast and the accompanying slides will be available through the Investor Information section of the companys web site, www.grace.com. Those without access to the Internet can participate by dialing +1 877.299.4454 (U.S.) or +1 617.597.5447 (International). The participant passcode is 60991616. Investors are advised to dial into the call at least ten minutes early in order to register. An audio replay will be available at 1:00 p.m. ET on April 24. The replay will be accessible by dialing +1 888.286.8010 (U.S.) or +1 617.801.6888 (International) and entering the participant passcode 29840878. The replay will be available for one week. About Grace Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The companys three industry-leading business segmentsGrace Catalysts Technologies, Grace Materials Technologies and Grace Construction Productsprovide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,000 people in over 40 countries and had 2012 net sales of $3.2 billion. More information about Grace is available at www.grace.com.
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Grace Files Flash Chromatography Patent Infringement Suit against Teledyne Isco
2013-03-25 21:30:00| W.R. Grace & Co.
COLUMBIA, Md.--(BUSINESS WIRE)--On March 15, 2013, W. R. Grace & Co. (NYSE: GRA), through its wholly-owned subsidiary, Alltech Associates, Inc., filed a lawsuit in U.S. District Court for the District of Delaware against Teledyne Technologies, Inc., doing business as Teledyne Isco of Lincoln, Neb., for infringement of four Grace U.S. Patents that cover its proprietary Reveleris X2 flash chromatography system. Flash chromatography is a process to separate target molecules and purify a product from a complex mixture in minimal time, an important step in a broad range of scientific applications. Grace introduced the Reveleris flash chromatography system in 2009, bringing new advanced capabilities to flash chromatography. Since then, Grace has been granted four Reveleris-related U.S. Patents, in addition to many industry awards. Patent protection is absolutely essential in a marketplace that values innovation. Companies like Grace, who invest heavily in research and development, can only create the products customers demand if a return on that investment can be assured, said Laurie Andriate, Vice President/General Manager of Graces Discovery Sciences group. About Grace Grace is a leading global supplier of catalysts; engineered and packaging materials; and specialty construction chemicals and building materials. The companys three industry-leading business segmentsGrace Catalysts Technologies, Grace Materials Technologies and Grace Construction Productsprovide innovative products, technologies, and services that enhance the quality of life. Grace employs approximately 6,300 people in over 40 countries and had 2012 net sales of $3.16 billion. More information Grace is available at www.grace.com.
Wärtsilä signs five-year maintenance deal for Viking Grace
2013-03-18 01:00:00| Ship Technology
Wärtsilä has secured a five-year contract from Finnish ship owner Viking Line to maintain and service the liquefied natural gas (LNG)-fuelled passenger ferry 'Viking Grace'.
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Grace Catalysts Technologies Announces Price Increase
2013-03-13 22:40:00| W.R. Grace & Co.
COLUMBIA, Md.--(BUSINESS WIRE)--Grace Catalysts Technologies, an operating segment of W. R. Grace & Co. (NYSE: GRA) announced today pricing and market related actions in its Refining Technologies business. Grace is discontinuing the rare earth surcharge pricing mechanism it instituted in 2010 in response to the high volatility in the costs of various rare earths used in Grace's FCC catalysts and additives. Rare earth costs have stabilized in the past six months and the company believes the surcharge mechanism is no longer appropriate. Grace will reset the base price for FCC catalysts and additives to reflect current rare earth costs, and then raise those base prices for FCC catalysts and additives 10 percent, as contract terms allow. The price increases are necessary due to significant investments made in the businesses over the past few years and to support continued investment in R&D, technical services, and planned capital investments. About Grace Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The companys three industry-leading business segmentsGrace Catalysts Technologies, Grace Materials Technologies and Grace Construction Productsprovide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,300 people in over 40 countries and had 2012 net sales of $3.16 billion. More information about Grace is available at www.grace.com. This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words believes, plans, intends, targets, will, expects, suggests, anticipates, outlook, continues or similar expressions. Forward-looking statements include, without limitation, all statements regarding Graces Chapter 11 case; expected financial positions; results of operations; cash flows; financing plans; business strategy; budgets; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: developments affecting Graces bankruptcy, propose plan of reorganization and settlements with certain creditors, the cost and availability of raw materials (including rare earth) and energy, developments affecting Graces underfunded and unfunded pension obligations, risks related to foreign operations, especially in emerging region, acquisitions and divestitures of assets and gains and losses from dispositions or impairments, the effectiveness of its research and development and growth investments, its legal and environmental proceedings, costs of compliance with environmental regulation and those factors set forth in Graces most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Graces projections and forward-looking statements, which speak only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
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