financetom
Business
financetom
/
Business
/
Blackline Safety Says Secured Largest Contract in Company's History at $8.5 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Blackline Safety Says Secured Largest Contract in Company's History at $8.5 Million
Jun 4, 2024 6:49 AM

09:20 AM EDT, 06/04/2024 (MT Newswires) -- Blackline Safety Corp. ( BLKLF ) , a global player in connected safety technology, announced Tuesday a $8.5 million expansion on the $3.5 million deal to protect over 850 workers announced in September 2023.

According to a statement, the midstream company purchased 1,025 G7 wearable gas-detection and lone worker devices, along with monitoring services. Combined with the previous deal, Blackline devices now protect all of the company's nearly 2,000 field and site workers, the statement said. The company also purchased 753 G7 Bridges to keep workers connected in remote areas via satellite, the statement added.

Blackline noted this announcement is the largest in Blackline's history, topping the $7.8 million utility industry announcement made in late 2021.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Rare Element Resources nears $553 million funding for Bear Lodge Project
Rare Element Resources nears $553 million funding for Bear Lodge Project
Mar 25, 2025
March 25 (Reuters) - Rare Element Resources ( REEMF ) said on Tuesday the U.S. Export-Import Bank has expressed willingness to provide a loan of up to $553 million for its rare earths Bear Lodge Project in northeast Wyoming. WHY IS IT IMPORTANT Earlier this month, U.S. President Donald Trump invoked emergency powers to boost domestic production of critical minerals...
Genelux Prices $10.5 Million Stock Offering
Genelux Prices $10.5 Million Stock Offering
Mar 25, 2025
09:14 AM EDT, 03/25/2025 (MT Newswires) -- Genelux ( GNLX ) said Tuesday it has priced an underwritten offering of 3 million shares at $3.50 apiece for expected gross proceeds of $10.5 million. Net proceeds from the offering, slated to close around Wednesday, will be allocated toward working capital and general corporate purposes, the company said. Genelux ( GNLX )...
PRESS DIGEST-Canada - March 25
PRESS DIGEST-Canada - March 25
Mar 25, 2025
March 25 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Blue Ant Media, founded by Canadian media luminary Michael MacMillan, plans to go public after reaching a deal to merge with Boat Rocker Media ( BRMIF ). **...
Core & Main Misses Q4 Earnings Estimates, Changes Leadership As Sales Reach $1.7 Billion
Core & Main Misses Q4 Earnings Estimates, Changes Leadership As Sales Reach $1.7 Billion
Mar 25, 2025
On Tuesday, Core & Main Inc. ( CNM ) reported fourth-quarter earnings of 33 cents per share, missing the consensus of 36 cents. Net sales increased 17.9% year over year to $1.69 billion, almost in line with the consensus estimate of $1.67 billion. Net sales increased primarily due to acquisitions and higher volume. They were partially offset by slightly lower...
Copyright 2023-2026 - www.financetom.com All Rights Reserved