Braemar Hotels & Resorts Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Braemar Hotels & Resorts Inc. is a real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury hotels and resorts. The Company conducts its business and owns all of its assets through its operating partnership, Braemar Hospitality Limited Partnership (Braemar OP). It operates in the direct hotel investment segment of the hotel lodging industry. It owns interests in approximately 14 hotel properties in six states, the District of Columbia and St. Thomas, the United States, Virgin Islands with approximately 3,875 total rooms. The Company owns 12 of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated entity. The Company's hotel properties include Marriott Seattle Waterfront, Sofitel Chicago Magnificent Mile, The Ritz-Carlton St. Thomas, The Ritz-Carlton Sarasota, Bardessono Hotel and Spa, The Ritz-Carlton Lake Tahoe, Pier House Resort & Spa, and Dorado Beach.

Closing Price
$4.53
Day's Change
-0.17 (-3.62%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.92
Day's Low
4.53
Volume
(Light)
Volume:
537,570

10-day average volume:
1,038,185
537,570

Gates Continues Digital Innovation Drive with Launch of Gates Design Power(TM)

11:30 am ET April 19, 2022 (PR Newswire) Print

Next-generation Software Platform Combines Six All-new or Significantly Updated Digital Design Tools

Gates (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced the launch of Gates Design Power(TM), a new software platform offering multiple digital design tools to support the engineering and specification of belt-drive systems across a broad array of applications, making the process easier and more robust than ever before.

https://mma.prnewswire.com/media/477169/Gates_Logo.jpg

"At Gates we are committed to relentless innovation and finding ways to make our customers' lives easier. Digital innovation is as important as product innovation in making this happen," said Tom Pitstick, chief marketing officer and senior vice president of strategic planning for Gates. "The new Gates Design Power(TM) software platform builds upon our existing design tools to support our Global 'Chain to Belt' initiative, making it even easier for engineers across all applications, from two-wheelers to manufacturing equipment, to design-in our products and get the most out of their belt drives."

This new digital toolkit consists of six modules, including four all-new applications and substantially upgraded versions of well-known Gates digital tools, Design IQ(TM) and Design Flex Pro(TM). Among the all-new programs is the industry-first Mobility Drive Analysis tool aimed at making it easier for engineers from bicycle, scooter, motorcycle, and power sports OEMs to design Gates clean, quiet, durable and low-maintenance Carbon Drive belt systems into their next-generation vehicles, further accelerating conversion from chain and other technologies.

The Gates Design Power(TM) platform includes the most sophisticated belt-performance models in the industry, based on data gathered at Gates state of the art, global test laboratories, to ensure that customers are designing robust, application-specific drive systems, ultimately improving safety and operating costs, while reducing energy consumption and downtime in their operations.

Gates Design Power(TM) is now available globally as a free download and includes 15 different languages for use across most regions. Development of the Design Power(TM) platform is ongoing, and additional features and enhancements are planned to roll out over the next 12 months, including mobile device compatibility.

For more information, please visit Gates.com/DesignPower.

About Gates Industrial Corporation plcGates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment manufacturers as specified components. For more than a century, Gates has pushed the boundaries of materials science to engineer products that exceed expectations in many sectors of the industrial and consumer markets. Our products play essential roles in a diverse range of applications across a wide variety of end markets including industrial on-highway, industrial off-highway, mobility and recreation, automotive, energy and resources as well as diversified industrial. Our products are sold in more than 30 countries across our four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India. More about Gates can be found at www.gates.com.

Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are related to and based on management's current expectations regarding the performance of the Company's business and its plans, objectives, and intentions. Such forward-looking statements are subject to various risks and uncertainties that could cause the Company's results to differ materially from those described in the forward-looking statements. Certain of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended January 2, 2021, filed with the Securities and Exchange Commission ("SEC"). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement should circumstances change, except as required by law.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/gates-continues-digital-innovation-drive-with-launch-of-gates-design-power-301528140.html

SOURCE Gates

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comtex tracking

COMTEX_405934926/1005/2022-04-19T11:30:10

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