During Friday’s Morning trade, Shares of NRG Energy Inc (NYSE:NRG), lost -17.46% to $9.05.
NRG Energy Inc, declared that David Crane is stepping down as President and Chief Executive Officer of NRG, effective right away. Mr. Crane has served in this position since 2003.
“During more than 12 years at the helm of NRG, Mr. Crane led the company from emergence from bankruptcy to its current position as leader in the wholesale and retail energy markets,” said Howard E. Cosgrove, Chairman of the NRG Board. “The Board thanks Mr. Crane for his leadership that assisted transform NRG into the Company it is recently.”
Replacing Mr. Crane will be Mauricio Gutierrez, who will be President and Chief Executive Officer and it is predictable that Mr. Gutierrez will be designated as a Director of NRG. Mr. Gutierrez has served as Executive Vice President and Chief Operating Officer since July 2010 and has been with the Company in various roles since August 2004.
Shares of Lattice Semiconductor (NASDAQ:LSCC), inclined 1.99% to $6.14, during its current trading session.
Lattice Semiconductor Corporation, declared a development platform for use in designing low-power wearable devices for consumers. Based on the iCE40 Ultra™ FPGA, the platform features a large number of sensors and peripherals, making it a compelling platform for the design of a wide array of wearable devices.
The iCE40 Ultra FPGA uses a package that is 60 percent smaller than alternative microcontrollers. The iCE40 Ultra FPGA also supports a low power standby mode for always-on functionality, making it an ideal choice for consumer wearables that need to operate for days between charges.
Hardware features and sensors supported by the iCE40 Ultra Wearable Development Platform comprise a 1.54-inch display, MEMS microphone, high-brightness LED, IR LED, BLE module and 32MB of flash memory. The platform also supports sensors capable of measuring heart rate/SpO2, skin temperature, and pressure in addition to an accelerometer and gyroscope. The platform comes in a wrist watch form factor (1.5-inches wide x 1.57-inches long x 0.87-inches high) with a wrist strap and a built in battery
Finally, Shares of Honeywell International Inc. (NYSE:HON), gained 1.64%, and is now trading at $104.08.
Honeywell (HON) declared that its natural gas technology and process automation have been selected by Texas LNG, a Houston-based energy company, to remove contaminants from natural gas in preparation for liquefaction and export to customers around the globe. The two-phase project, located on the north shore of the Port of Brownsville’s deep-water ship channel, will produce 4 million tons of liquefied natural gas (LNG) starting in 2020.
“Honeywell is poised to support the growing global demand for LNG,” said John Gugel, vice president and general manager of Honeywell UOP’s Gas Processing and Hydrogen business. “Honeywell’s integrated solution of advanced gas processing technology, combined with state-of-the-art automation and control systems, offers a streamlined approach to project execution that assists minimize project time, cost and risk. This approach will be critical in assisting the project meet operational and business readiness aims at startup.”
Langtry Meyer, chief operating officer for Texas LNG said, “As an independent liquefaction operator in a very competitive environment, bringing on board a company like Honeywell with such broad and integrated capabilities – proven in LNG – adds noteworthy credibility and value to our venture. We are confident this relationship will deliver over the long term for Texas LNG.”