Nord offers flexible drive solutions for the grain industry, including bucket elevators, screw, drag, and belt conveyors. These solutions are engineered to provide high load capacities with high output torques, quiet operation, and long service life. NORD’s modular design also makes these products versatile and highly configurable, meeting your exact requirements to achieve optimal system efficiency. Nord will be showcasing a variety of its solutions for the grain industry at GEAPS Exchange Online, February 23rd – 25th. As the annual conference of the Grain Elevator and Processing Society (GEAPS), the Exchange is the premier event for the grain handling and processing industry.

Register to learn from experts at Nord and how Nord’s high-efficiency gearmotors are powering bucket elevators, drag conveyors, screw conveyors, feeders, slide gates, and other grain applications.

Featured products include:

• MAXXDRIVE – MAXXDRIVE industrial gear units provide high output torque from 132,000 lb-in to 2,200,000 lb-in and are perfect for use in heavy duty applications, such as bucket elevators, agitators, conveyor belt drives, mixers, mills, drums, or crushers. MAXXDRIVE is available as a parallel shaft or helical bevel and comes in 11 sizes.
• MAXXDRIVE XT – The newest addition to MAXXDRIVE series, MAXXDRIVE XT delivers maximum thermal and mechanical load capacities for high-speed applications, such as continuous industrial conveying and bulk material handling. It offers the grain industry asymmetrical designed gearbox for mirror image installations, which drastically reduces spare parts costs and downtime. MAXXDRIVE XT comes in seven sizes and provides a torque range of 130,000 lb-in to 660,000 lb-in.
• Screw Conveyor Package – Available for both CLINCHER parallel shaft and helical bevel gear units, the Nord screw conveyor package offers a cost-effective drive solution in a powerful, compact footprint. Closely stepped speed reduction ratios combined with a directly coupled gear motor or NEMA C-face input design eliminate the need for top motor mounts, pulleys, belts, or guards. This minimizes parts inventory and eliminates belted input systems to provide easier system maintenance, increased reliability, and superior drive performance, and up to 97% gear efficiency.
• 90.1 Helical Bevel Gear Units – Featuring cast iron UNICASE housing, infinite life gearing, and high permissible radial forces. Nord’s 90.1 helical bevel gear units are efficient, versatile units that are adaptable to countless applications. Footed, flanged, foot/flange and CEMA standard screw conveyor mounting 1/2 designs are all available as well as both solid and hollow shaft designs. The 90.1 helical bevel gear units are available in 11 sizes and have a torque range of 1,593 lb-in to 442,500 lb-in.

Nord manufactures a wide selection of gearboxes, electric motors, and drive electronics in various sizes and configurations for companies in intralogistics, food and beverage, airport baggage handling, grain and bulk materials, and other demanding markets. The modular design offers unlimited versatility with more than 20,000,000 combinations of totally unique gear motors and speed reducers available – inline or right-angle, mounted by foot or flange, featuring solid or hollow shafts – to give customers complete freedom to specify a drive solution that’s perfect for the job.

The post Nord Showcases Products That Drive the Grain Industry at GEAPS Exchange Online 2021 appeared first on North America FarmQuip Magazine.

There were 15,370,048 Shares issued and outstanding as of September 3, 2020. Of this amount, 10,495,926 Shares constitute the “public float”, calculated in accordance with the rules of the TSX. Pursuant to the Bid, Cervus is able to purchase for cancellation up to a maximum of 1,049,592 Shares, being equal to 10% of Cervus’ “public float” outstanding on September 3, 2020.  Pursuant to the rules of the TSX, Cervus may not purchase more than 4,465 Shares in any one day, such amount being equal to 25% of the average daily trading volume of the Shares for the six months ended August 31, 2020. Notwithstanding the foregoing, pursuant to the rules of the TSX, Cervus may make one block purchase per calendar week that exceeds the daily repurchase restriction, subject to the maximum annual aggregate limit. Once the block purchase exception has been relied on, Cervus may not make any further purchases under the Bid for the remainder of that calendar day.

Purchases under the Bid will be made on the open market only through the facilities of the TSX and other Canadian marketplaces. Cervus has appointed Raymond James Ltd. as its broker, who will conduct the Bid on behalf of Cervus. The price that Cervus will pay for any Shares it purchases will be the prevailing market price of the Shares on the TSX at the time of such purchase. The actual number of Shares that may be purchased under the Bid for cancellation and the timing of any such purchases will be determined by Cervus.

In connection with the Bid, Cervus will enter into an automatic purchase plan (“Plan”) with its designated broker to allow for purchases of its Shares by the broker from time to time during the Bid including during internal blackout periods. Such purchases would be at the discretion of the broker based on parameters established by Cervus prior to any blackout period. Outside of these periods, Shares may be repurchased in accordance with management’s discretion, subject to applicable law and the rules of the TSX. The Plan may be terminated by Cervus or its broker in accordance with its terms or will terminate on the expiry of the Bid.

The Bid will commence on September 21, 2020, and will terminate on September 20, 2021, or such earlier time as the Bid is completed or terminated at the option of Cervus.

During Cervus’ last Normal Course Issuer Bid, which commenced on September 16, 2019, and terminated on September 15, 2020, Cervus repurchased 289,592 Shares at a weighted average price of $7.35 per share.

The Bid will provide Cervus with additional flexibility to manage capital and generate value for shareholders.

Source: Cervus Equipment

The post Cervus Equipment Corporation renews normal course issuer bid for its shares appeared first on North America FarmQuip Magazine.