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SKF to showcase innovative solutions at the Tech and Innovation summit

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GOTHENBURG, Sweden, Dec. 4, 2024 /PRNewswire/ — SKF to unveil a broad range of products and solutions to continue serving customers with more efficient, reliable, and sustainable technologies. You are welcome to join the webcast on December 11 – 12. The Tech and Innovation summit, a one-hour virtual event, themed “Turning motion into meaning”, puts the spotlight on innovations essential for addressing urgent global issues like climate change and resource scarcity.

Innovation and technology development is core at SKF. The Group’s strategy is designed to create significant customer value in targeted markets through sustained innovation leadership and increased efficiency. With a focus on empowering customers to transform their operations and drive greater sustainability, SKF has during the last years transformed its R&D portfolio so that more than 90% of the projects are focused on high-growth segments.

“Today, customers across industries are looking for solutions that promote greater decarbonization and sustainability. We will showcase technologies that pave the way for customers to meet their evolving needs and accelerate sustainable growth. By doing so, we are advancing our strategy through enhanced innovation in high-growth segments,” says Rickard Gustafson, President and CEO.

The Tech and Innovation summit focuses on tailored solutions aimed at enhancing energy efficiency and reducing emissions for customers in industries like railways, machine tools, metals, mining, industrial electrical systems, and HVAC (Heating, Ventilation, and Air Conditioning).

“Exploring and maximizing the immense possibilities of technology to develop intelligent and clean solutions is what we do at SKF. We accelerate our efforts to develop and bring to market innovative solutions that enhance productivity, efficiency, reliability, and cost-effectiveness, and deliver sustainable value for industries and societies,” says Annika Ölme, CTO and Senior Vice President, Technology Development.

Read more on the Tech and Innovation Summit

The live webcast of the event will be available via this link – Join event

Dec 11: 10 am CET (EMEA), 10 am IST (India and Southeast Asia), 9 am PT / 12 pm ET (Americas)Dec 12: 12 pm CST (China and Northeast Asia)

A replay of the summit will be available after the event’s conclusion on the website for on demand watch.

For further information, or to book interviews please contact:  Aparna Srivastava, Head of Communication, Technology Development, +46 707 576 468; aparna.srivastava@skf.com

Products and solutions showcased at the Tech & Innovation summit

SKF Infinium – the next generation of bearings

SKF is transforming the manufacturing and use of bearings with a revolutionary model that maximizes material use through a circular approach. This model enables SKF Infinium – the next generation of bearings, where products have multiple lifecycles with significantly less energy consumption and raw materials compared to new manufacturing, reducing CO2 emissions through a circularity-focused design. Not only is this approach feasible, but it is also profitable for customers, as evidenced by SKF Infinium performing in some of the toughest operating environments. Link to press release 

Innovative HVAC solutions to address climate change

Buildings are responsible for approximately 40% of global greenhouse gas emissions, making energy-efficient HVAC solutions crucial for reducing environmental impact. High speed electric motors on Magnetic bearings have emerged as a leading technology in addressing the energy efficiency and environmental challenges of the HVAC industry. Magnetic bearings eliminate friction and wear, needing no oil lubrication and ensuring a clean, pollution-free operating environment. Already used in energy, semiconductor, and machine tool industries, this technology can boost energy efficiency by over 95%, far exceeding standard motors. Magnetic bearings provide a reliable, efficient, and sustainable solution in response to concerns about climate change and energy use.

Improved reliability in railways

SKF’s new range of tapered roller bearings, developed in close collaboration with the customer, enhances performance and durability for demanding track conditions. They can handle up to 1.5 times higher dynamic loads and reduce friction by up to 20% in output shaft bearings, leading to lower energy consumption and improved sustainability.

Performance-enabling solution for industrial electrical systems

With global businesses aiming for net zero, the need for electric solutions is increasing. At the summit, a key highlight is SKF Hybrid ceramic bearings designed for the evolving needs in electrification and automation. SKF Hybrid ceramic bearings, which integrate steel rings with engineered ceramic rolling elements, can reduce friction by up to 50% with an optimized machine design and boost operating speeds by up to 25% compared to all steel bearings. The bearings’ longevity, reduced energy use, and minimal maintenance requirements make them an efficient and sustainable choice for superior performance in many applications.

Advancing innovation with real-time load sensing in the mining sector

Mining companies need reliable data to optimize operations and meet growing demand for minerals. One of the most remarkable innovations introduced for the rapidly evolving mining industry is SKF Insight sensor-bearing system, providing real-time load data to the machine’s control system. This helps customers to increase output, efficiency, and productivity, thereby maintaining their competitiveness.

Innovative solutions for increased machine tool productivity

As precision, automation and miniaturization evolve, the demands on machine tools keep growing. Productivity is boosted by speed, so SKF has developed the innovative UltraFast series of Super-precision bearings, delivering a perfect balance between speed and stiffness for faster machine performance. These bearings also offer significantly reduced frictional torque and other features to support the drive towards reduced energy use.

CONTACT:

For further information, please contact:

Press Relations: Karin Markhede, PR-manager, +46 707 58 87 30; karin.markhede@skf.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-to-showcase-innovative-solutions-at-the-tech-and-innovation-summit,c4075266

The following files are available for download:

https://mb.cision.com/Main/637/4075266/3149906.pdf

SKF to showcase innovative solutions at the Tech and Innovation summit

https://news.cision.com/skf/i/annika-olme-cto-and-senior-vice-president-technology-development,c3357535

Annika Ölme CTO and Senior Vice President Technology Development

https://news.cision.com/skf/i/rickard-gustafson-president-and-ceo,c3357536

Rickard Gustafson President and CEO

 

View original content:https://www.prnewswire.com/apac/news-releases/skf-to-showcase-innovative-solutions-at-the-tech-and-innovation-summit-302322264.html

SOURCE SKF

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FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

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SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/octavio-marquez-elected-to-msa-safety-board-of-directors-302831265.html

SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bluefolder-field-service-software-launches-new-ai-powered-features-to-transform-how-teams-work-302831320.html

SOURCE BlueFolder

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