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Last $136.50 USD
Change Today +0.05 / 0.04%
Volume 1.6M
CMI On Other Exchanges
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As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cummins inc (CMI) Key Developments

Cummins Inc. Appoints Jim Fier as Vice President of Engineering, Heavy-Duty, Mid-Range and Light-Duty, Engine Business, Effective April 1, 2015

Cummins Inc. has announced the appointment of Jim Fier as vice president of engineering, heavy-duty, mid-range and light-duty, or HMLD, engine business, effective April 1, 2015. Fier began his career with Cummins in 1986 as a Service Engineer and over the course of his career he has held various roles including Executive Engineer - HMLD On-Highway, World Wide Chief Engineer, Technical Project Leader and Program Leader and currently serves as Executive Director - HMLD Engineering. In his current role, Fier has led all new product development and current product support of Cummins 2.8 to 15 liter on and off-highway products for the global market.

Cummins Inc. Announces Two New Nominees for its Board of Directors

Cummins Inc. announced two new independent nominees for its Board of Directors Thomas J. Lynch, Chairman and Chief Executive Officer, TE Connectivity, and Bruno Di Leo, Senior Vice President, Sales & Distribution, IBM Corporation. The two nominees will stand for election at Cummins' 2015 Annual Meeting of Shareholders on May 12, along with Cummins' returning eight Board members. Lynch is Chairman and CEO of TE Connectivity. He is credited with transforming the company as it transitioned from the former electronics segment of Tyco International to a separate and independent public company. Di Leo has more than 35 years of business leadership experience in multinational environments. During his 40-year career at IBM, Di Leo has worked in a number of executive positions with a focus on growing business in emerging markets. In his current role, he is accountable for revenue, profit and client satisfaction in Japan, Asia Pacific, Latin America, Greater China Group, and the Middle East and Africa.

Allison Transmission Holdings, Inc. and Cummins Inc. Receive Certification from the California Air Resources Board for Model Year 2015 H 40/50 EP System Paired with ISB6.7 and ISL9 Engines

Allison Transmission Holdings Inc. and Cummins Inc. announced that they have received certification from the California Air Resources Board (ARB) to sell the model year 2015 Allison H 40/50 EP hybrid propulsion system paired with the Cummins ISB6.7 and ISL9 diesel-electric hybrid engines for transit buses and coaches. The dual Executive Order (EO) issued by the ARB to both Allison and Cummins allows sales of the Allison H 40/50 EP with the Cummins ISB6.7 or ISL9 diesel-electric hybrid engine, and is valid for 2015 models. The ARB first provided approval in 2014, but the process requires the EO to be reviewed for renewal eligibility on a model year basis. Allison's H 40/50 EP hybrid propulsion system is used for both straight and articulated transit buses. It has been shown to improve fuel economy up to 25% over similar diesel buses. Additionally, its regenerative braking capability can significantly extend the brake change interval by as much as 350%. The Cummins ISB6.7 and ISL9 diesel-electric hybrid engines feature proven technology designed and developed in-house that is optimized to deliver the efficiency, durability and performance transit bus customers expect. The ISB6.7 diesel-electric hybrid engine is rated at 280 hp (209kW) while the ISL9 diesel-electric hybrid engine is rated at 330 hp (246kW) for the transit bus market.

Cummins and Tangent Energy Partner to Launch eDGegen™ Series Power Platform

Cummins Inc. and Tangent Energy Solutions are partnering to bundle clean diesel and natural gas generators with a Distributed Energy Resource Management System (DERMS) helping commercial and industrial customers manage energy consumption on the grid while reducing their costs. The partnership of Cummins and Tangent will make it easier for customers to dispatch generators during times of peak demand when costs on the energy grid are higher. eDGegen™ -- powered by Cummins® consists of a Cummins clean diesel or natural gas engine equipped with a suite of integrated technology and managed services provided by Tangent. The DERMS technology platform, Tangent AMP™, predicts and alerts customers ahead of peak demand periods and other economic opportunities on the energy grid. The managed service, Demand Design PLUS™, activates generator power and/or demand management strategies when energy grid capacity and prices are at their peak. Market factors, including power plant retirements and lower natural gas prices, are predicted to increase the industry’s reliance on customer-side energy resources to provide power and balance volatility on the energy grid. This shift toward the “grid edge” creates more economic opportunities for customers that are equipped to recognize and respond to market signals. At the same time these opportunities cannot interfere with the normal operation of customer energy systems. The eDGegen™ - powered by Cummins® product line consists of four generator-DERMS integrated power platforms ranging from 750kW to 2.0MW. These systems are designed to reduce customer capacity charges and other costs that arise during periods of peak energy demand or when premium charges apply. eDGegen™ - powered by Cummins™ will be rolled out to customers primarily through Tangent’s growing network of energy retailer and municipal utility partners who have an interest in reducing demand peaks and better integrating with customer assets.

Cummins Inc. Presents at Evercore ISI Annual Industrial Conference, Mar-03-2015 01:10 PM

Cummins Inc. Presents at Evercore ISI Annual Industrial Conference, Mar-03-2015 01:10 PM. Venue: St. Regis Hotel, New York, New York, United States. Speakers: Mark A. Smith, Vice President of Investor Relations.

 

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