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Explore how new valve technologies are improving residue hydrocracking processes, enhancing safety, efficiency and reactor performance in refinery operations.
Solid execution on strong order backlog and sustained momentum in bookings driven by robust demand from clean energy markets
MONTREAL, Quebec, October 9 ,2024 – Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, has been selected as a supplier by GE HitachiNuclear Energy (GEH) for Ontario Power Generation’s historic Darlington New Nuclear Project, the first Small Modular Reactor (SMR) initiative in North America
MONTREAL, Quebec, September 2, 2024 – Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today that it has entered into a Main Services Agreement (“MSA”) with GEH SMR Technologies Canada Ltd. (
Velan, a world leading manufacturer of valves, is pleased to announce its support for Canadians for CANDU.
MONTREAL, Quebec, July 11, 2024 – Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading manufacturer of industrial valves, announced today financial results for its first quarter ended May 31, 2024.
Bruce Power and Velan sign a 10-year Alliance Agreement
MONTREAL, May 17, 2024 - CORRECTION – Velan Inc. reports its fiscal 2024 fourth quarter and year-end results. Strong new order inflow and higher backlog entering fiscal 2025.
MONTREAL, April 25, 2024 – Velan Inc. (“Velan”) (TSX: VLN) today announces that its Board of Directors has appointed Mr. Daniel Desjardins as an independent director of Velan.
Velan Inc. (“Velan”) (TSX: VLN) today announces that its board of directors has appointed Mr. James Mannebach as CEO of Velan. Mr. Mannebach is the Chair of the Board of Directors of Velan and was previously the interim CEO.
Velan Inc. (TSX: VLN) (the “Company”), a world‐leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2023.
Mr. Bruno Carbonaro resigns as President, CEO and director ––– Mr. Rishi Sharma is promoted to Chief Financial and Administrative Officer
MONTREAL, October 5, 2023 – Velan Inc. (“Velan”) (TSX: VLN) today announces, in connection with the arrangement agreement made as of February 9, 2023, among Velan, 14714750 Canada Inc. (“Purchaser”) and Flowserve US Inc. (“Parent” and, together with Purchaser, “Flowserve”), as amended by the first amendment to the arrangement agreement dated March 27, 2023 (the “Arrangement Agreement”), that it has been informed by Flowserve of its intent to, following the occurrence of the Outside Date on October 7, 2023, and in accordance with the terms of the Arrangement Agreement, send a notice to Velan to terminate the Arrangement Agreement, considering that the Regulatory Approval (as such term is defined in the Arrangement Agreement) from France has not and will not be obtained.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its second quarter ended August 31, 2023.
Flowserve Corporation (NYSE: FLS) and Velan Inc. (“Velan”) (TSX: VLN) today announced that they have extended the outside date (the “Outside Date”) of the arrangement agreement made as of February 9, 2023, among Velan, 14714750 Canada Inc. (“Purchaser”) and Flowserve US Inc., as amended by the first amendment to the arrangement agreement dated March 27, 2023 (the “Arrangement Agreement”).
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2023.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2023.
Flowserve to Acquire Velan in an All-cash Transaction Valued at Approximately $245 million (C$329 million)
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2022.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its second quarter ended August 31, 2022.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2022.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2022.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2021.
MONTREAL, Dec. 10, 2021 /CNW Telbec/ - Velan Inc. (TSX: VLN) ("Velan" or the "Company") today announced that Benoit Alain has informed the Company of his decision to resign as Chief Financial Officer, for personal reasons.
Velan is working on improving its website, and how it shares information about products and services with customers.
Velan Inc (TSX: VLN) today announced that in accordance with its succession plan, CEO Yves Leduc will leave Velan after seven years leading the Corporation. Mr. Leduc will remain in his current role until November 30th when he will be succeeded by the current President, Bruno Carbonaro, who will assume the role of CEO on December 1st.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2021.
In past weeks, two of Velan’s subsidiaries, Velan ABV Srl and Velan SAS, have secured contracts with a total value of US$63 million. The first, the extension of a previous order with MODEC and, the second, a contract with ITER for their tokamak cooling water system.
Through recent announcements, we are taking measures aimed at improving our operational efficiency and optimizing our manufacturing footprint in North America. As part of our optimization and specialization efforts in North America, we will consolidate our valve manufacturing facilities in Quebec (Canada) from three plants into two. The completion of the consolidation is scheduled for the end of 2020 or the beginning of 2021, allowing for reasonable time for a proper transition and avoiding impact on current orders in progress. The current production will be gradually integrated into our other valve facilities in Quebec and India, which will be focused on the production of specific valve lines to improve delivery and supply chain efficiency.
Velan Inc.'s wholly owned subsidiary located in Lucca, Italy, has been awarded important contracts for the supply of three different types of valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd.
