During a press conference on Wednesday, October 7, 2020, Undersecretary of Defense for Acquisition and Sustainment (USD-A&S) Ellen Lord announced Department of Defense’s (DoD) latest efforts to overhaul how it intends to procure weapons, goods and services—with an emphasis on speed from design to fielding and on cutting operations and maintenance costs. Additionally, on August 13, 2020, acting Undersecretary of Defense for Research and Engineering (USD-R&E) Michael Kratsios committed to “doubling“ efforts to work more closely with nontraditional commercial suppliers, most notably startup companies, to help the DoD strengthen and maintain the nation’s position as the global leader in emerging technologies.
Both developments suggest considerable pathways for commercial innovators of these new technologies to work with the DoD in furtherance of its acquisition and R&D priorities.
New DoD Acquisition Reform Initiative—AAF
According to Undersecretary Lord, the Department of Defense’s (DoD) new approach, called the Adaptive Acquisition Framework (AAF), will be
ALBANY, N.Y., Sept. 30, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announces today that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission (the “SEC”) to register its common stock under Section 12 of the Securities Exchange Act of 1934 (the “Exchange Act”). Once the Form 10 goes effective, which, unless withdrawn, will be on November 29, 2020, MTI will once again be subject to the reporting requirements of the Exchange Act and will resume filing annual, quarterly, and current reports, and annual proxy statements with the SEC. The Company also expects that its common stock will move from being quoted on the OTC Pink – Current Information tier to the OTCQB Venture Market tier of the OTC Markets Group quotation system upon effectiveness of the Form
Tesla’s delayed shareholder meeting and “Battery Day” kicked off on Tuesday afternoon outside the company’s Fremont, California, factory.
Following a short formal portion of the meeting, CEO Elon Musk gave a review of the company’s progress over the past year with heavy emphasis on software and manufacturing.
Musk touted new battery improvements that could make manufacturing cheaper and provide more power.
He also announced a yet-to-be-named future Tesla car that will be priced at $25,000 and a $140,000 “Plaid” version of its Model S.
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Elon Musk and other Tesla executives held an unusual outdoor version of the company’s annual shareholder meeting and a “Battery Day” presentation on Tuesday afternoon in Fremont, California.
Among the touted advancements in power technology and manufacturing, Musk announced a yet-to-be-named $25,000 Tesla car was in the works thanks to the cost savings in battery production that will touch