On Tuesday, Shares of Alcoa Inc. (NYSE:AA), lost -0.17% to $11.74.
Alcoa, declared that it is supplying a high-strength, aerospace-grade aluminum to Samsung for its latest smartphones —the Galaxy S6 and S6 edge. This marks the first time the global electronic giant will use an aluminum frame for its Galaxy S flagship model. The Company’s aerospace-grade aluminum, 6013 Alcoa Power Plate™, is 70 percent stronger than standard aluminum used in similar devices, creating a thinner, lighter, sleeker design.
“When we designed the metal framed Galaxy S6 and S6 edge, it was important to find a strong yet light metal that would create a device capable of exciting our customers,” said DJ Koh, CTO and Executive Vice President of Mobile Communication Business at Samsung Electronics. ”Alcoa’s Power Plate is the perfect fit to create the phones that our customers want: thinner, lighter, and stronger.”
Smartphones with metal frames are predictable to grow almost 250 percent by 2016 from 2014, creating stronger demand for aluminum to protect mobile devices. Developed by Alcoa Technical Center scientists, innovators in metal science, the Alcoa Power Plate aerospace-grade aluminum combines advanced strength and corrosion resistance for products that require superior durability.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
Shares of Southwest Airlines Co. (NYSE:LUV), declined -0.60% to $34.58, during its last trading session.
Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, declared it will be providing spare engines to support the Southwest Airlines (LUV) fleet of Boeing 737NG aircraft over the next five years.
“With almost 700 aircraft in the Southwest fleet, counting more than 500 NGs, our agreement with Willis Lease allows us to deliver reliable service to our customers every day. Willis Lease has both the engine capacity and technical expertise to provide the additional spare engines we need to keep our fleet in optimum flying condition,” said Bill Tiffany, Vice President Supply Chain Administration for Southwest Airlines.
Under the terms of the agreement, Willis Lease will provide Southwest Airlines with CFM56-7B24 spare aircraft engines over the next five years.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Finally, Seagate Technology Public Limited Company (NASDAQ:STX), ended its last trade with -2.92% loss, and closed at $52.29.
Seagate Technology Public Limited Company, declared that its popular award-winning Backup Plus family of external storage offerings will now comprise 200GB of OneDrive cloud storage, an unmatched value for the category, and the addition of Lyve’s photo and video administration app. Seagate® Backup Plus drives come equipped with Seagate Dashboard software for easy plug-and-play PC backup in addition to the addition of mobile and social media backup. Seagate also declared a new high capacity for its Backup Plus portable at 4TB in a sleek 20.5mm form factor using a single platter portable drive.
“Seagate Technology continues to innovate at a fast pace based on the ever changing needs of its customers,” said Jingwen Li, research analyst, storage systems for IDC. “With features such as OneDrive cloud storage, Lyve app, and the new 4TB capacity point, Seagate Backup Plus family addresses the growing needs for data storage and backup with flexible data access and simple data administration in the personal storage market.”
Backup is the primary use case for external drives and Seagate has worked to make backup as convenient and hassle-free a chore as possible since the first introduction of Backup Plus and the Seagate Dashboard software in 2012.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid state hybrid drives, and solid state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems.
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