Recognized for innovation, performance, and reliability, R&M Materials Handling produces a wide range of products and services for the material handling industry. The advanced designs and manufacturing techniques of R&M Materials Handling ensure safe operation, reduced maintenance, and longer component life. Equipped to lift up to 5 tons, the LoadMate® Electric Chain Hoist by R&M provides precision gearing, ease of operation, and easy mounting through a compact design.
American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, announced today that it has received an order for a large-scale dynamic reactive compensation solution from National Grid (LSE: NG) (NYSE: NGG), one of the world's largest investor-owned energy companies, which manages the electricity network on Long Island under an agreement with Long Island Power Authority (LIPA). AMSC will install its proprietary D-VAR STATCOM solution on eastern Long Island to ensure the continued reliability of the local power grid. Reactive power compensation is necessary to stabilize voltage, relieve power grid congestion, improve electrical efficiency, and prevent blackouts in power grids.