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General Dynamics European Land Systems – Steyr awarded $1.3 billion contract to build 225 PANDUR EVO wheeled armored vehicles for Austria

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VIENNA, Feb. 20, 2024 /PRNewswire/ — General Dynamics European Land Systems – Steyr (GDELS) announced that it has been awarded a contract to deliver an additional 225 PANDUR 6×6 EVO wheeled armored vehicles to the Austrian Armed Forces. The contract has an initial value of 1.2 billion euros (U.S. $1.3 billion).

GDELS already has 100 PANDUR EVO vehicles under contract, with the third batch currently in production and delivery. In addition to the delivery of state-of-the-art personnel carriers and flexible conversion kits for medical, and command & control missions, the order includes eight new vehicle variants, including vehicles equipped with a 120 mm mortar combat system, as well as mobile air defense and electronic warfare variants.

“Today’s procurement decision marks an extraordinary milestone in the history of our PANDUR and underlines the globally unique performance and multi-role capability of this wheeled armored vehicle family,” said GDELS President Antonio Bueno. “Since the very beginning, Austria has been one of GDELS’ home countries. Consequently, we are fully dedicated and proud to continuing our proven, trusted partnership by providing the Austrian Armed Forces with enhanced military mobility, while at the same time contributing to sustainable macroeconomic added-value together with our many industry partners.”

The compact, high-performance PANDUR EVO 6×6 is built at GDELS’ Steyr facility in Vienna Simmering, the national center of excellence for wheeled and tracked protected military mobility. Preceding versions of the PANDUR EVO have been in service with the Austrian Armed Forces since 1996. Around 850 PANDUR in 6×6 and 8×8 configurations are fielded worldwide today. Other users include Belgium, the Czech Republic, Indonesia, Kuwait, Portugal, Slovenia, and the U.S.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people across 65 countries worldwide and generated $42.3 billion in revenue in 2023. More information about General Dynamics is available at www.gd.com. More information about General Dynamics European Land Systems is available at www.gdels.com.

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SOURCE General Dynamics

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Margex Adds RLUSD Stablecoin as Collateral for Trading Crypto Pairs

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Margex announces the listing of RLUSD stablecoin on its platform for all users

VICTORIA, Seychelles, Jan. 1, 2025 /PRNewswire/ — Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce the listing of RLUSD stablecoin on its platform for all users.

Margex exchange is thrilled to be the first crypto platform to include RLUSD stablecoin as collateral for trading different cryptocurrency pairs. This enables its users to have access to reliable, flexible, and secure trading facilities.

Ripple USD (RLUSD) is a stablecoin designed to provide cross-border payment that is efficient and cost-efficient compared to traditional financial systems when carrying out large transactions. Ripple’s new stablecoin (RLUSD) is developed on the XRP ledger and Ethereum network, offering security, deep liquidity for users, and fast transactions as a competitive player in the stablecoin industry.

The Ripple stablecoin (RLUSD) is pegged 1:1 to the U.S. dollar (USD) to gain stability through a collateralization mechanism using dollar deposits, government bonds, and other cash equivalents to ensure reliable and secure digital currency.

Margex Integrates TradingView to Simplify Market Analysis for Users

Margex exchange also integrates the TradingView charting tool on its platform to elevate users’ trading experience. This tool enables users to access over 100+ technical indicators, 110+ drawing tools, and 17+ chart types without leaving the Margex platform.

About Margex

Margex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level. Users of all types can earn a return on their equity by replicating the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies.

With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry.

Follow Margex on Facebook, Twitter, Telegram, Discord, and YouTube, or join the Margex team.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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SOURCE Margex

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Rockford Fosgate celebrates its 45th Anniversary and continues to set the standard of excellence in the audio industry

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TEMPE, Ariz., Jan. 1, 2025 /PRNewswire/ — Rockford Fosgate (www.rockfordfosgate.com), a global leader in high-performance audio systems, proudly celebrates its 45th anniversary, marking nearly five decades of groundbreaking innovation, customer dedication, and industry leadership. Since its founding in 1980, the company has been at the forefront of audio advancements across mobile, marine, motorcycle, and motorsports platforms.

“We’re excited to celebrate 45 years of serving our customers and shaping the audio industry,” said Zach Luke, President. “This milestone reflects the passion and hard work of our employees, the loyalty of our customers, and the strong partnerships we’ve built over the years. We look forward to continuing this journey into the future.”

Jim Fosgate, the visionary behind Rockford Fosgate, is widely recognized as the pioneer of the car audio amplifier. In the early 1970s, Fosgate and his fellow audio enthusiasts began experimenting with sound reproduction and automotive acoustics, leading to the debut of the first Fosgate Electronics® product at the 1973 Consumer Electronics Show in Chicago. Soon after, he developed the Punch Equalization circuit and introduced the first car stereo systems to the market. In 1980, with the help of investment partners, Rockford Fosgate officially launched and began revolutionizing the in-car audio experience.

To commemorate this significant milestone, Rockford Fosgate will unveil a series of special collaborations throughout the year. “This anniversary isn’t just about reflecting on our accomplishments; it’s about celebrating the people who’ve been part of our journey,” said Tammy Lowe, Director of Marketing. “We’re thrilled to share our excitement for what lies ahead.”

For more information, please visit rockfordfosgate.com

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

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SOURCE Rockford Fosgate

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Oceanfoam Becomes Carbon Positive in 2025: A Huge Milestone for the Sustainable Foam Roller and Workout Mat Brand

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The pioneering brand making foam products with algae and recycled foam has cleaned over 1m+ gallons of water, removed 1.3k+ tons of carbon dioxide from the atmosphere and removed 7.9k+ pounds of plastic from the ocean.

NAPLES, Fla., Jan. 1, 2025 /PRNewswire/ — Oceanfoam, an active lifestyle brand committed to sustainability, announces it has achieved a carbon positive status going into 2025. A newcomer in the fitness and wellness industry, the sustainable company is poised to continue simultaneously revolutionizing the fitness industry and helping the planet, making a significant environmental impact and raising awareness. The company designs fitness products made with Bloom algae and recycled material. In addition to foam rollers, Oceanfoam has released workout and yoga mats, wave ball rollers and workout blocks.

By prioritizing sustainability in the development of each item, Oceanfoam has made a significant environmental impact. The brand has cleaned over 1,026,896 gallons of water, removed 1,319.91 tons of carbon dioxide from the atmosphere and removed 7,947 pounds of plastic from the ocean. The algae used is harvested from North America’s overabundant supply (due to the rise of global temperatures), thus helping to clean the water and reduce the amount of carbon released into the air.

“We’ve been working on this for a year since we launched and Oceanfoam is now officially carbon positive!,” said Founder Zachary Quinn. “We believe products can be more than objects. Foam rollers live in our living rooms, bedrooms, offices, gyms and workout studios; they need to look good and make you feel good. We set out to design a foam roller that you didn’t have to put in your closet, and now we’ve made it one that you can be proud of.”

Oceanfoam achieved its carbon positive status through the following:

Algae-Based Materials: Producing products with Bloom Materials reduces plastic consumption while capturing carbon and cleaning water through removing algae from the environment.Carbon Offsetting: Partnering with Climate Partner, the team offset the remaining carbon emissions from all of its production and shipping to ensure its operations go beyond carbon neutrality.Ocean Plastic Cleanup: Through collaborations with 4Ocean and Ecodrive, the brand actively contributes to cleaning up plastic waste from the world’s oceans, helping to protect marine ecosystems. With every order, one pound of ocean plastic is removed.

This certification and offset will also add a “Climate Pledge Friendly” badge to all of Oceanfoam’s products on Amazon, alerting consumers of products that have sustainability features recognized by trusted certifications. For more information, visit oceanfoam.com.

About Oceanfoam:
Oceanfoam creates high-quality, durable and beautiful active lifestyle products with algae and recycled materials to create a healthier, cleaner environment – where beauty and function meet sustainability.

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SOURCE Oceanfoam

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