OKLAHOMA CITY, Dec. 4, 2024 /PRNewswire/ -- AirX Climate Solutions, Inc. ("ACS"), a leading full-service specialty HVAC solutions provider, announced today that it has acquired Powrmatic USA ("Powrmatic"), a leading specialty HVAC designer and manufacturer providing cooling and heating air turnover products and solutions. Powrmatic, located in Finksburg, MD with approximately 30 employees, is a value-added manufacturer of commercial and industrial heating and cooling systems and OEM heat exchangers. Powrmatic has helped define and shape the industrial and commercial air turnover market for over 70 years by producing solutions that provide customers upwards of 50% savings at a lower capital cost vs. alternative systems. "Powrmatic is highly complementary to the overall ACS portfolio," noted Rick Aldridge, CEO, ACS. "Powrmatic's legacy, brand, and technical solutions speak for themselves in the market and we believe when combined with ACS' robust commercial presence in the specialty HVAC landscape, together we will be able to unlock significant growth opportunities. Further, its strong presence in the mid-Atlantic/Eastern region of the U.S. is additive to ACS' growing footprint." Bob Ramsay, President of Powrmatic who will continue to lead the business, stated, "today's transaction represents yet another milestone for Powrmatic and presents an exceptional opportunity for me and the entire Powrmatic team to lean into the massive growth opportunity we see in front of ourselves." The Powrmatic acquisition follows ACS' July 2024 acquisition of Frederick, MD-based AboveAir Technologies and represents ACS' 4th transaction overall as it continues to pursue other M&A opportunities which address the specialty HVAC needs of mission-critical applications. ACS is a portfolio company of Gryphon Investors, a leading middle-market private equity firm with approximately $9 billion of assets under management. Gryphon invested in ACS in November 2023. Today's transaction represents the final divestment by Stamm International Corporation bringing to a close an association with the HVAC sector stretching back more than ninety years. "I'm thrilled to partner with ACS, whose vision presents an exceptional opportunity for Powrmatic's employees and for the legacy of the brand in the future," stated Marilyn Skony Stamm, CEO. About AirX Climate Solutions Founded in 1997 and headquartered in Oklahoma City, OK, ACS is a leading full-service, specialty HVAC solutions provider. ACS products are highly engineered to operate in mission-critical and harsh environments. The Company offers design, manufacturing, startup, commissioning, repair and maintenance of heating, ventilation, and air conditioning systems for specialized solutions across a diverse set of end markets, including data centers, energy storage, telecommunications, rental, educational, industrial, and commercial markets. ACS prides itself on delivering best-in-class service through its highly trained team and engineering capabilities. About Powrmatic Powrmatic is a pre-eminent value-added manufacturer of commercial and industrial direct and indirect fired heating and cooling systems and OEM heat exchangers. Based in Finksburg, MD Powrmatic's legacy spans 70+ years and today serves a variety of niche markets and applications worldwide. In particular, Powrmatic specializes in heating, cooling, and ventilating large spaces (Factories, Warehouses, Distribution Centers, Sport Facilities, etc.). Its Air Turnover units have been used to heat facilities up to 250,000 ft2 per unit and our cooling units up to 100,000 ft2 per unit. Contact: Caroline Luz Lambert by LLYC cluz@lambert.com 203-570-6462 View original content to download multimedia: https://www.prnewswire.com/news-releases/airx-climate-solutions-acquires-powrmatic-usa-302322615.html SOURCE Gryphon InvestorsAn elaborate parody appears to be behind an effort to resurrect Enron. Subscribe to continue reading this article. Already subscribed? To login in, click here.None

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A petition has been submitted to the Central Criminal Court for Corruption and Misconduct Cases against nine people involved in Khao Kradong's land ownership dispute. They include Interior permanent secretary Ansit Sampantarat and the Department of Land's (DoL) director-general Pornpoth Penpas. Natthaporn Toprayoon, a former adviser to the Chief Ombudsman, submitted the petition on Thursday, citing his rights as a citizen under Chapter 3 of the constitution. The nine named are accused of negligence and ethical misconduct over failing to comply with the court's final ruling to revoke the Khao Kradong land rights document. The disputed plots cover 5,083 rai in the Khao Kradong area in Muang district of Buri Ram province. The State Railway of Thailand (SRT) has been seeking to reclaim the land, accusing the department of wrongfully issuing land papers to people who illegally occupied the land. The Supreme Court recently ruled in favour of the SRT and ordered the DoL to work with the rail agency to examine the land boundaries. The first court session to hear testimony is on Dec 9. Mr Natthaporn earlier said on social media the DoL's decision not to revoke the land paper was unacceptable. Worse, he doubted if the case would reach the Constitutional Court, saying the court operates under the Upper House, which, in his opinion, is now working in favour of the government. Meanwhile, a source said the DoL published a statement on Thursday insisting on the decision of its land committee not to revoke the titles for the land in dispute. The committee was formed under Section 61 of the Land Code, consisting of local DoL offices and high-rank officers with a senior technician of the local office assigned as the committee's secretary-general. The committee had probed the issuing of the title and the results were published on May 12 last year. The DoL, however, insists the probe results are legal and the department has no authority to interfere with the committee's decision despite the court order.NAFDAC Reaffirms Ban On Sachet, PET Bottle AlcoholSingh won’t support Conservative non-confidence motion that uses his own words

NEW YORK, Dec. 08, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Light & Wonder, Inc. (NASDAQ: LNW) resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=29678 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On September 24, 2024, the Las Vegas Review-Journal published an article entitled “Slot manufacturer scores major win against Las Vegas-based rival.” It stated that “Aristocrat Technologies Inc.’s request for a preliminary injunction in its trade-secret and copyright infringement lawsuit against Light & Wonder” had been granted, and that the “order prohibits [Light & Wonder] from the ‘continued or planned sale, leasing, or other commercialization of Dragon Train,’ which Aristocrat claims uses intellectual property developed for its Dragon Link and Lightning Link games.” On this news, Light & Wonder common stock fell 19.49% on September 24, 2024. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com