CREV Stock Pops as Carbon Revolution Snags Chevrolet Supply Deal
- Automotive parts specialist Carbon Revolution (NASDAQ: CREV ) – which focuses on manufacturing carbon fiber ( CF ) wheels for vehicle manufacturers – saw its shares pop dramatically higher on Friday. Last night, the company revealed that it will supply the CF wheels available on the upcoming (and just revealed) Chevrolet Corvette ZR1.
- 07/26/2024
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Carbon Revolution Supplies Carbon Fiber Wheels For Chevrolet Corvette ZR1
- GEELONG, Australia, July 25, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it will supply the carbon fiber wheels available on the just-revealed Chevrolet Corvette ZR1. “It has been a great honor to work with General Motors (GM) again.
- 07/25/2024
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Carbon Revolution Secures Further Release of $5 Million from OIC as Company Hits Financing Milestones
- GEELONG, Australia, July 11, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has satisfied certain reserve release conditions and received US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $20 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding.
- 07/11/2024
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Carbon Revolution Secures $25 Million Financing Agreement with OIC to Fund Growth
- GEELONG, Australia, June 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$25 million in five tranches, each equal to US$5 million, subject to satisfying certain reserve release conditions. In connection with the release of each of the five tranches of US$5 million from escrow, the Company will issue to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding.
- 06/24/2024
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Carbon Revolution Appoints Industry Veteran Alia Comai as Chief Revenue Officer to Lead the Sales and Strategic Partnerships
- GEELONG, Australia, June 04, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pivotal leadership roles across product development, manufacturing, international business operations, program management, quality and sales.
- 06/04/2024
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Carbon Revolution Secures Further Release of $5 Million from OIC and is in Ongoing Negotiations with OIC for Further Releases
- GEELONG, Australia, May 24, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for the early release of a further US$5 million from the remaining US$30 million in escrow, by way of issuance of secured debt under modifications which have been agreed with existing financiers. After giving effect to the net proceeds of the US$5M release, the Company has approximately US$6.1M of unrestricted cash1 and US$4.9M in restricted Trust fund related to the PIUS agreement on the balance sheet.
- 05/24/2024
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Carbon Revolution Wins Automotive News PACE Awards
- GEELONG, Australia, April 30, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, achieved dual recognition at the recent PACE Automotive News awards ceremony held on April 29, winning two significant awards. The Company was honored with the prestigious 2024 Automotive News PACE Award, which recognizes automotive suppliers for superior innovation, technological advancement, and business performance.
- 04/30/2024
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Carbon Revolution (CREV) CEO on Carbon Fiber Wheels for E.V.s
- Carbon Revolution (CREV) manufactures carbon fiber wheels for E.V.s. CEO Jake Dingle discusses how carbon fiber wheels benefit electric vehicles.
- 04/17/2024
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OIC Funds Incremental Early Release of $5 Million to Carbon Revolution
- GEELONG, Australia, April 11, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that it has reached an agreement with Orion Infrastructure Capital ("OIC") for an early release of US$5 million from the US$35 million in escrow under its previously announced Structured Equity Facility with OIC for up to US$110 million, on the terms and conditions summarised in the Company's filing with the SEC, which can be accessed here.
- 04/11/2024
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Carbon Revolution Announces Record Revenue Results for First Half 2024
- - Achieved Record Half Year Revenue of US$26.1 million, up 107% year-over-year- Half Year Sales of 12.8k Wheels, More Than Doubling Volumes Compared to the Prior Year- Achieved Record Quarterly Revenue of US$14.8 million in 2Q24, up 177% year-over-year- Limited liquidity as of 31 March 2024, requires additional finance; discussion with OIC for potential early release of Escrow funds is ongoing- Issues Preliminary Estimate for Fiscal 3Q 2024 (Quarter Ended March 31, 2024) of $10 to $11 Million, Up 110% Year-Over-Year at the Mid-Point of the Range
- 04/09/2024
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Carbon Revolution Sets Date for Fiscal First Half 2024 (6-Month Period Ending December 31, 2023) Earnings Release and Conference Call
- GEELONG, Australia, April 03, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, plans to conduct a conference call with analysts to discuss its fiscal first half 2024 results and business outlook on April 9, 2024 at 8:00 a.m. Eastern time.
- 04/03/2024
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Carbon Revolution Announces Participation in the LD Micro Invitational XIV
- Geelong, Australia--(Newsfile Corp. - April 3, 2024) - Carbon Revolution (NASDAQ: CREV) announced today that it will be presenting at The 14th Annual LD Micro Invitational at the Sofitel New York on April 8th-9th, 2024. The event is expected to feature 80 companies presenting in half-hour increments, as well as private 1:1 meetings.
- 04/03/2024
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Carbon Revolution to Present at Emerging Growth Conference on Thursday, April 4, 2024
- GEELONG, Australia, March 27, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce that its CEO, Jake Dingle is scheduled to present at the Emerging Growth Conference on Thursday, April 4, 2024, at 4:25 PM ET / 1:25 PM PT. This live, interactive online event will give shareholders and the investment community the opportunity to interact with the Company's CEO in real time.
- 03/27/2024
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Carbon Revolution to Present at Webull Corporate Connect Technology Investment Webinar on March 27, 2024
- GEELONG, Australia, March 22, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce that its CEO, Jake Dingle, is scheduled to present at the Webull Corporate Connect Technology Investment Webinar on March 27, 2024. Mr. Dingle will present on Wednesday, March 27, 2024, at US 3:00 PM ET/US 12:00 PM PT.
- 03/22/2024
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UPDATE - Corvette E-Ray with Carbon Revolution Wheels Wins The Drive's Best Performance Car of 2023 Award
- GEELONG, Australia, March 19, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce that the 2024 Chevrolet Corvette E-Ray, optionally equipped with Carbon Revolution's lightweight carbon fiber wheels, won The Drive's Best Performance Car of 2023 . The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution's class-leading carbon fiber wheels.
- 03/19/2024
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Corvette E-Ray with Carbon Revolution Wheels Wins The Drive's Best Performance Car of 2023 Award
- GEELONG, Australia, March 19, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce that the 2024 C8 Chevrolet E-Ray, optionally equipped with Carbon Revolution's lightweight carbon fiber wheels, won The Drive's Best Performance Car of 2023 . The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution's class-leading carbon fiber wheels.
- 03/19/2024
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Carbon Revolution to Attend Sidoti Small-Cap Virtual Conference on March 13-14, 2024
- GEELONG, Australia, March 08, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce that its CEO, Jake Dingle, CFO Gerard Buckle, and Commercial Director Nick Batchelor are scheduled to attend the Sidoti Small-Cap Virtual Conference on March 13-14, 2024. Management will present on Wednesday, March 13, 2024, at 4:00 PM ET/ 1:00 PM PT and host virtual one-on-one meetings on both days.
- 03/08/2024
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Carbon Revolution to Attend 36th Annual ROTH Conference from March 17-19, 2024
- GEELONG, Australia, March 06, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce it will attend the 36th Annual ROTH Conference from March 17-19, 2024.
- 03/06/2024
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Carbon Revolution To Present At The Emerging Growth Conference On Wednesday, March 6, 2024
- GEELONG, Australia, March 05, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, March 6, 2024, at 4:25 PM Eastern time for 30 minutes. This live, interactive online event will give shareholders and the investment community the opportunity to interact with the Company's CFO, Gerard Buckle, and Commercial Director, Nick Batchelor, in real time.
- 03/05/2024
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Carbon Revolution to Participate in the Baird 2024 Vehicle, Technology & Mobility Conference
- GEELONG, Australia, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, announced that CFO Gerard Buckle and Commercial Director Nick Batchelor will be presenting at the Baird 2024 Vehicle, Technology & Mobility Conference today at 4:35 pm ET. To view a copy of this presentation, please click here.
- 02/29/2024
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“It's Been Off The Chart” – Demand For Carbon Revolution's World-First Range Rover 23-Inch Carbon Fiber Wheels Hits Unprecedented Levels
- GEELONG, Australia, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that half of the 2025 Range Rover Sport SVs sold in the United States have been optionally equipped with Carbon Revolution's carbon fiber wheels. This represents a massive take-up rate for Carbon Revolution's world-first 23-inch carbon fiber wheels and demonstrates strong consumer preference for the Company's disruptive lightweight technology.
- 02/28/2024
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Carbon Revolution Announces Preliminary Fiscal Second Quarter Results
- Record Preliminary Fiscal Second Quarter Revenue of Approximately US$14.8 Million, up 177% Year-Over-Year Record Preliminary Fiscal Second Quarter Revenue of Approximately US$14.8 Million, up 177% Year-Over-Year
- 02/14/2024
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Carbon Revolution Appoints Chris Recktenwald to Lead Strategic Procurement and Supply Chain
- GEELONG, Australia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber automotive wheels, today announced the appointment of Chris Recktenwald as Vice President, Procurement and Supply Chain, to lead strategic procurement and supply chain initiatives for Carbon Revolution globally. Before joining Carbon Revolution, Recktenwald held multiple senior positions over his 10 years at Ford Motor Company, including, most recently, Global Director, Exterior and Structural Systems Purchasing.
- 02/08/2024
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Carbon Revolution plc Wheel Production More Than Tripled in Q4 CY2023 from Previous Year Quarter
- Company Made Continued Strong Progress Ramping Mega-line Capacity and Throughput Production Jumps 84% from Prior Half (H1 CY2023) The December quarter of 2023 Was Highest Wheel Production Quarter in Company History GEELONG, Australia, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”) a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology carbon fiber wheels, announced today that wheel production, as measured by wheels boxed for shipment, more than tripled in Q4 CY2023 from the year ago period and rose 84% in the second half of CY23 versus the previous half as the Company made strong progress ramping Mega-line capacity and throughput. To fulfill the growing demand from Carbon Revolution's OEM customers, capacity and throughput of the Company's manufacturing facility grew steadily quarter on quarter during calendar 2023.
- 01/09/2024
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Carbon Revolution Provides Business Update
- – Issues Outlook For Fiscal Second Quarter Revenue –– Conference Call and Investor Presentation Available on IR Site –
- 12/12/2023
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Why Is Carbon Revolution (CREV) Stock Down Today?
- Carbon Revolution (NASDAQ: CREV ) stock is falling on Wednesday after the company announced plans for a conference call. A press release from Carbon Revolution reveals that the company intends to hold a conference call on Dec. 12.
- 12/06/2023
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Carbon Revolution Announces First Fiscal Quarter FY2024 Business Update Conference Call Date
- GEELONG, Australia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today announced that the Company will provide a business update on December 12, 2023, on a conference call hosted by management at 5:00 p.m. (Eastern Time).
- 12/05/2023
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Why Is Carbon Revolution (CREV) Stock Up 362% Today?
- Carbon Revolution (NASDAQ: CREV ) stock is on the rise Monday after the company's shares made their public debut on Friday. Carbon Revolution stock went public through a merger with special purpose acquisition company (SPAC) Twin Ridge Capital Acquisition Corp. The company's focus is on the creation of lightweight carbon fiber wheels.
- 11/06/2023
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