CHICAGO--(BUSINESS WIRE)--#Argonne--The Midwest is leading the nation as a hub for water innovation with state-of-the-art research facilities and world-renowned researchers at the University of Chicago, Argonne National Laboratory, and Fermi National Accelerator Laboratory (Fermilab).
On World Water Day 2021, people and organizations come together to celebrate water and raise awareness of the global water crisis – focusing on how to support achievement of Sustainable Development Goal (SDG) 6: water and sanitation for all by 2030.
“To overcome the daunting challenges we face this century in providing sufficient supplies of clean water, we will need to shift from our current once-through use of water to a paradigm of water reuse and recycling. Chicagoland research institutions are leaders in developing innovative materials and technologies to enable this new approach to water (re)use,” said Seth Darling, director of the Center for Molecular Engineering at Argonne National Laboratory and Senior Scientist at the University of Chicago’s Pritzker School of Molecular Engineering (PME).
The PME integrates science and engineering to address global challenges from the molecular level up – and is the first school in the nation dedicated to the emerging field of molecular engineering.
“This region is emerging as a nexus for water innovation both nationally and globally, from the popular Third Coast Water Seminar Series to vibrant collaborative research centers like the Advanced Materials for Energy-Water Systems (AMEWS) Energy Frontier Research Center and the Israel-US Collaborative Water-Energy Research Center (CoWERC),” added Darling, who also is the director of AMEWS.
Increasing its leadership in this space, Argonne is pioneering research, discoveries, and innovations in several areas. This includes materials discovery, synthesis, characterization, and scale-up, in addition to new process technologies for systems that sense, treat, and handle water. Argonne’s mission is to pursue water science and engineering empowered by artificial intelligence (AI).
“Argonne’s ‘Water + AI’ strategy will potentially transform the water industry by offering cost-effective and socially responsible solutions to the many challenges,” said Junhong Chen, lead water strategist at Argonne and a professor of molecular engineering at the University of Chicago’s PME.
“We will accomplish this vision through partnerships with our stakeholders, including local, state and federal government, academic and national lab collaborators, industrial partners, nonprofit organizations, and regional economic development hubs,” said Chen.
Both Argonne and Fermilab, which are U.S. Department of Energy national laboratories managed by the University of Chicago, frequently work with federal agencies, other universities, and corporations on research collaborations.
Fermilab currently is working with the Metropolitan Wastewater Reclamation District of Greater Chicago, but the progress could have benefits far beyond the local area. "Fermilab is known around the world for basic research,” said Mauricio Suarez, head of the Illinois Accelerator Research Center (IARC) at Fermilab, “And now we are using the same machines that have probed the smallest constituents of matter to help create a greener planet."
Drawing on its decades of designing and building particle accelerators for discovery, Fermilab is developing a compact, skid-mounted accelerator that can clean polluted water. The portable machine is small enough to fit in the back of a truck and works by sending a beam of electrons through the volume of water to be treated, destroying multiple contaminants simultaneously, including dyes, pathogens, pharmaceuticals, and perfluorinated compounds, which are found in the tap water of more than 15 million Americans.
A multi-tool for treating contamination, Fermilab's compact electron accelerator will be able to treat 200,000 gallons per day – five times more than conventional technologies – and is expected to require half the power of currently available treatment options.
"By using a particle beam to clean water, we will be able to annihilate many different types of contaminants cleanly, efficiently, and cost-effectively. Water treatment is one of the many ways that particle accelerators can have a positive impact on our health and environment,” said Suarez. “We at Fermilab are proud to be able to use our particle accelerator expertise, facilities and capabilities to help solve the problem of water contamination.”
The Polsky Center for Entrepreneurship and Innovation manages the IP portfolio for all University of Chicago innovations and technologies and works to foster collaboration between laboratory scientists, engineers, students, researchers by connecting them with one another as well as with industry partners.
About the Polsky Center for Entrepreneurship and Innovation at the University of Chicago
The Polsky Center for Entrepreneurship and Innovation applies world-class business expertise from the University of Chicago’s Booth School of Business to bring new ideas and groundbreaking science and technology innovations to market. Originally established at Chicago Booth in 1998, the Polsky Center is a multidisciplinary organization staffed with deeply experienced scientists, business executives, and talented staff responsible for driving technology commercialization through patents and licensing, new venture creation, and commercial partnerships at the University of Chicago. Through education, programming, mentorship, intellectual property and venture support, the Polsky Center provides critical resources to enable the success of entrepreneurs and the establishment and growth of new companies. Learn more at polsky.uchicago.edu.
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Alexia Elejalde-Ruiz
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DUBLIN--(BUSINESS WIRE)--The "Smart Gas Meter Market by technology (AMR and AMI), Type (Smart Ultrasonic Gas Meter and Smart Diaphragm Gas Meter), Component (Hardware and Software), End User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global smart gas meter market size is projected to grow from an estimated USD 2.0 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 4.7% from 2021 to 2026.
The key drivers for the smart gas meter market include digitalization of distribution grids and optimization of network operations; asset management of advanced metering infrastructure (AMI); and increasing investment in smart grid technologies to measure and analyze data.
The automated meter reading (AMR) segment is expected to hold the largest share of the smart gas meter market, by technology, during the forecast period.
The automated meter reading (AMR) segment is estimated to lead the smart gas meter market during the forecast period. The market for smart gas meter is driven by the growing demand for cost-effective smart gas meters and the need for automated collection of meter readings without physical inspection. The Asia Pacific is estimated to hold the largest share of the smart gas meter market, followed by Europe because the increasing installation of smart gas meters in residential, commercial and industrial end-user sectors is expected to drive the market.
Asia Pacific: The fastest-growing market for smart gas meters.
The Asia Pacific is the fastest-growing market for smart gas meters, followed by Europe. The region has been segmented, by country, into China, Japan, Malaysia, Australia, Indonesia, Singapore, and the Rest of the Asia Pacific. China is the largest and fastest-growing market in the region. The country currently leads the table for new investments in smart grid technologies. China managed to become the major consumer of smart grid technology because of the massive transformation taking place in the country's energy landscape. The country's ambitious renewable energy program will generate a tremendous need for smart grid technologies. The requirement for the smart grid market is further supported by China's focus on embracing energy efficiency, thus, increasing demand for the smart gas meter market.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
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As part of the #GoGreenWithRazer initiative, Razer has mapped out a 10-year sustainability plan and rallies the community to gear up together with the brand.
IRVINE, Calif.--(BUSINESS WIRE)--#carbonneutralitty--Razer™, the leading global lifestyle brand for gamers (Hong Kong Stock Code: 1337), today announced a far-reaching, long-term commitment to a 10-year environmental roadmap. Under the #GoGreenWithRazer banner, the program will help preserve nature and protect the environment – ensuring a cleaner, greener world for future generations.
New targets include the use of 100% renewable energy by 2025, all products to use recycled or recyclable materials by 2030, and being 100% carbon neutral by 2030. As part of this movement, Razer is also galvanizing the community – youth, millennials and Gen Z to make a difference through several green initiatives. This includes recycling and being aware of its environmental footprints.
“Through our #GoGreenWithRazer campaign led by our Sneki Snek mascot, the Razer community has been insanely supportive and passionate,” says Min-Liang Tan, Razer Co-Founder and CEO. “Awareness of how we impact the environment is incredibly important. Hence, Razer has planned out a sustainability roadmap to continue fighting environmental and climate changes. We’re determined to make the world a better place for all of its citizens to game and live in.”
Building a Green Organization
As the brand grows and evolves, Razer will explore opportunities to integrate sustainability plans into the company culture and employees’ mindset. With the aim of building a culture of care for the planet, Razer commits to reduce and eradicate the use of single-use plastics in all offices to reduce Greenhouse Gas emission, preserve bio-habitats, and aim to be 100% carbon neutral by the year 2030.
Where reduce and renew is not possible, Razer will restore through investments in forestry and other environment-impact projects.
Today, Razer’s European office in Hamburg, Germany is already powered by renewable energy, and the new, soon-to-be-opened Razer SEA HQ in Singapore will also follow suit. By year 2025, all global offices will be powered by 100% renewable energy.
For more information on Razer’s Green Organization initiative, please see here.
Redesigning Green Products
As a leading brand in gaming peripherals, hardware forms a majority of Razer’s business. As such, Razer aims to reduce the environmental impact caused by manufacturing.
Having reviewed its products, packaging, and operations, Razer will ensure that all products will be recyclable with the brand by year 2025. This includes the disposal and recycling of Razer products by both customers and global distributors. Razer encourages customers to return their old Razer peripherals to any RazerStore worldwide for free-of-charge recycling.
Razer will also implement strict waste disposal procedures across global offices and repair centers, and pledge to use recycled or recyclable materials for all products by year 2030. Hardware made by the brand will incorporate PCR plastics and adhere to an eco-friendly design, including FSC-certified, biodegradable packaging.
Razer aims to adhere to the best industry standards and practices, and secure validation through established certification bodies. Razer is also making sure to dispose e-waste responsibly in compliance with local and international environmental, safety, and health regulations.
For more information on Razer’s Green Products initiative, please see here.
Celebrating a Green Community
Razer is proud to be part of an ecosystem that is characterized by inclusivity and solidarity. As a leader in the gaming community, Razer pledges to leverage its influence and rally gamers worldwide to contribute to the brand’s green cause through opportunities for fans via product offerings.
Furthermore, Razer will adopt #GoGreenWithRazer as a global corporate social responsibility focus to empower and encourage the community to contribute and support the global green movement – with Sneki Snek, Razer’s hugely popular sustainability mascot, leading the charge.
As a result of the overwhelming success of Razer’s partnership with Conservation International, Razer has recently set a new target to save 1,000,000 trees through the sale of Sneki Snek plushies and eco-friendly merchandise. To galvanize the support of fans, Razer will announce a new piece of Sneki Snek merch at every 250,000 trees mark. Every piece of Sneki Snek merchandise sold will protect 10 trees and contribute to the enormous new goal of 1 million trees saved.
Together with Razer, Conservation International is securing the protection of trees from dozens of forests around the world, such as Costa Rica, Ecuador, Suriname, Brazil, Madagascar, and Indonesia – among many others.
At the time of writing, Razer has already saved approximately 170,000 trees. For more information, please visit the Sneki Snek campaign page.
For more information on Razer’s Green Community initiative, please see here.
Investments in a Greener Future
As part of Razer’s efforts to encourage sustainability among the community of youth, millennials and Gen Z, Razer will support and invest in environment and sustainability startups. Razer will activate zVentures, Razer’s corporate venture arm, to fuel the growth of these startups and provide a better future for its community.
Razer will also leverage on its unique ecosystem of hardware, software and services to partner with these startups on joint initiatives and meet the environmental needs of the next generation.
For more information on Razer’s Green Investments initiative, please see here.
Razer will work towards expanding its #GoGreenWithRazer campaign and will endeavor to do more for the environment to create a safe world for all to play in. For more information, please visit https://www.razer.com/go-green.
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ABOUT RAZER
Razer™ is the world’s leading lifestyle brand for gamers.
The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.
Razer’s award-winning hardware includes high-performance gaming peripherals and Blade gaming laptops.
Razer’s software platform, with over 100 million users, includes Razer Synapse (an Internet of Things platform), Razer Chroma RGB (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher).
In services, Razer Gold is one of the world’s largest virtual credit services for gamers, and Razer Fintech is one of the largest offline-to-online digital payment networks in SE Asia.
Founded in 2005 and dual-headquartered in Irvine (California) and Singapore, Razer has 17 offices worldwide and is recognized as the leading brand for gamers in the USA, Europe and China. Razer is listed on the Hong Kong Stock Exchange (Stock Code: 1337).
Razer - For Gamers. By Gamers.™
PRESS CONTACTS
Americas
Kevin Allen
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EMEA
Maren Epping
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China
Evita Zhang
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Asia Pacific
Vanessa Li
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Global
Jan Horak
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DUBLIN--(BUSINESS WIRE)--The "Asphalt, Lubricating Oil and Grease Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global asphalt, lubricating oil and grease market as it emerges from the COVID-19 shut down.
The global asphalt, lubricating oil and grease market is expected to grow from $254.02 billion in 2020 to $308.13 billion in 2021 at a compound annual growth rate (CAGR) of 21.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $437.25 billion in 2025 at a CAGR of 9%.
Companies Mentioned
Reasons to Purchase
Most of the asphalt companies are using frequency inverters in asphalt mixing process to control asphalt mixture drying time. Frequency inverter is an electronic device which transforms an AC current with fixed frequency to variable amplitude and frequency. It is used to vary the speed of rotation of the drying drum of the plant drying system so that the aggregates which are more porous receive heat from the burning flame for more time resulting in complete drying. It improves the drying process and allows the less porous asphalt to dry faster resulting in increased production. For instance, some of the major companies using frequency inverters include 3 Franks Services, A. Macchione Brothers, Absolute Asphalt and Concreter LLC and Ace Asphalt.
The demand for multi grade lubricants is gaining traction due to their better performance in cold climatic conditions. Multi-grade lubricant is a viscosity modifier used in engines which allows the smooth flow of oil under cold and hot climatic conditions. It is used to minimize the effect of change of viscosity with respect to the changes in the surrounding temperature and maintains optimum viscosity over the engine operating temperature range. Some of the major companies producing this lubricant include Gazprom, Rosneft, Exxonmobil, Petrochina and BP.
Producers of petroleum-based lubricants are offering bio-based lubricants to address the concerns associated with the impact of lubricants on the environment. Bio-based lubricants are formulated with renewable or biodegradable materials. Vegetable oils are one of the major components for bio-based lubricants. Vegetable oils offer high lubricity, viscosity and thermal stability. They have a higher flash point of 326C as compared to flash point of 200C for mineral oils. Lubricants produced from vegetable oils include tractor transmission hydraulic fluid, industrial hydraulic fluids for process and machinery applications, food-grade hydraulic fluids and greases, greases for use in automotive, railroad and machinery applications, chainsaw bar oil, gear lubes, compressor oil, and transformer and transmission line cooling fluids.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Asphalt, Lubricating Oil and Grease Market Characteristics
4. Asphalt, Lubricating Oil and Grease Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Asphalt, Lubricating Oil and Grease Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Asphalt, Lubricating Oil and Grease Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Asphalt, Lubricating Oil and Grease Market Trends and Strategies
8. Impact of COVID-19 on Asphalt, Lubricating Oil and Grease
9. Asphalt, Lubricating Oil and Grease Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Asphalt, Lubricating Oil and Grease Market Regional Analysis
10.1. Global Asphalt, Lubricating Oil and Grease Market, 2020, by Region, Value ($ Billion)
10.2. Global Asphalt, Lubricating Oil and Grease Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Asphalt, Lubricating Oil and Grease Market, Growth and Market Share Comparison, by Region
11. Asphalt, Lubricating Oil and Grease Market Segmentation
11.1. Global Asphalt, Lubricating Oil and Grease Market, Segmentation by Type
11.2. Global Asphalt, Lubricating Oil and Grease Market, Segmentation by End Use Industries
12. Asphalt, Lubricating Oil and Grease Market Segments
13. Asphalt, Lubricating Oil and Grease Market Metrics
For more information about this report visit https://www.researchandmarkets.com/r/akz9hz
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WASHINGTON--(BUSINESS WIRE)--Today, the Clean Hydrogen Future Coalition (CHFC) announced it is bringing together a diverse group of stakeholders under a shared vision to support federal clean hydrogen policies that promote clean hydrogen as a key pathway to achieve global decarbonization objectives while also increasing U.S. global competitiveness.
“Clean Hydrogen fits squarely within President Biden’s plan to “Build Back Better” as it has the potential to decarbonize all sectors of the U.S. economy, create and transition good-paying jobs, and grow our economy. The Clean Hydrogen Future Coalition is calling upon policymakers to ensure that clean hydrogen plays a significant role to advance a national energy and climate strategy. It’s critical that public and private sector leaders work together so that our country can reap the benefit from strategic investments that advance clean hydrogen technologies and a clean energy future,” says Erik Mason, Nikola Global Head of Energy Supply & Trading and incoming chair of the Clean Hydrogen Future Coalition.
Clean hydrogen has the ability to accelerate decarbonization across all sectors of our economy, as well as transition existing - and create new - skilled, high wage jobs needed to support the clean energy transition. In addition to the wide range of market applications and potential for significant future demand, clean hydrogen can be produced from a variety of energy sources, used as a replacement fuel or feedstock in several industries, store energy over long periods of time, as well as move and deliver energy to where it is needed, making it a highly versatile, clean energy resource.
“We are enthusiastic that many sectors of the economy are joining together to advocate for clean hydrogen as a critical pathway to achieve the emission reduction goals we have set for the businesses and groups we lead,” says David Carroll, President and CEO, Gas Technology Institute (GTI), Richard Voorberg, President, Siemens Energy, Inc., Sean McGarvey, President, North America's Building Trades Unions (NABTU), and Alan Armstrong, President and CEO, The Williams Companies. “Our organizations, as well as several other U.S. businesses, have identified clean hydrogen as essential to meeting our targets, and we are eager to work with President Biden, his administration and Congress to foster clean hydrogen’s growth throughout our economy.”
To catalyze a clean hydrogen industry in the United States, the coalition is identifying specific actions that the U.S. can undertake to scale the full supply chain for clean hydrogen production, transport, storage, and use, as well as the technology development and infrastructure needs across multiple sectors. With the U.S. lagging behind other nations in scaling up the supply chain for clean hydrogen, the CHFC aims to support policies that promote clean hydrogen.
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With over 20 leading stakeholder and industry participants, the Clean Hydrogen Future Coalition represents a diverse group of energy companies, labor unions, utilities, NGOs, equipment suppliers, and project developers who are committed to the advancement of a net zero CO2 economy that is supported by the infrastructure across the supply chain to fully scale net zero clean hydrogen production and use in the U.S. Learn more at www.cleanH2.org
Shannon Angielski 202.298.1825 (Washington, DC)
CENTENNIAL, Colo.--(BUSINESS WIRE)--$WWR #NYSE--Westwater Resources, Inc. (“Westwater”) (NYSE: WWR), a battery graphite development company, announced that its common stock will begin trading on the NYSE American stock exchange today, March 19, 2021. The Company’s ticker symbol – WWR – remains the same.
“Listing on the NYSE American is a significant milestone for Westwater and a natural next step in the evolution of our company,” said Christopher M. Jones, President and Chief Executive Officer of Westwater Resources. “With the current surge in global interest in mineral investments, we believe this is an excellent time for our NYSE American listing, and our team looks forward to introducing Westwater to a new and larger investment base. Our board and management are very pleased to have Brendan E. Cryan & Co. LLC as our specialist firm. They have been specialists for over 60 years.”
With recent announcements by global automobile and battery makers, including a major announcement by General Motors (March 4, 2021) that GM is looking to build a second battery factory in the United States, electric vehicles and the batteries that power them are a growing market. Westwater’s battery graphite business is well timed to take advantage of these markets, both domestic and international.
About Westwater Resources
Westwater Resources (NYSE: WWR) is focused on developing battery-grade graphite. The Company’s projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Deposit located across 41,900 acres (~17,000 hectares) in east-central Alabama. Ongoing operations of the pilot program are producing ULTRA-PMG™, ULTRA-DEXDG™ and ULTRA-CSPG™ in quantities that facilitate qualification testing at potential customers. For more information, visit www.westwaterresources.net.
Cautionary Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," “scheduled,” and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to the timing and effectiveness of the transfer of the Company’s common stock listing from the Nasdaq Capital Market to the NYSE American, future growth for electric vehicles and batteries, and the Company’s future production of graphite, are forward-looking statements. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to implement the Coosa Graphite Project business plan; (b) the Company’s ability to raise additional capital in the future including the ability to utilize existing financing facilities; (c) spot price and long-term contract price of graphite and vanadium; (d) risks associated with our operations and the operations of our partners such as Samuel Engineering, Dorfner Anzaplan and others, including the impact of COVID-19 and its potential impacts to the capital markets; (e) operating conditions at the Company’s projects; (f) government regulation of the graphite industry and the vanadium industry; (g) world-wide graphite and vanadium supply and demand, including the supply and demand for lithium-based batteries; (h) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including in Alabama and Colorado; (i) any graphite or vanadium discoveries not being in high-enough concentration to make it economic to extract the minerals; (j) currently pending or new litigation or arbitration; and (k) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Westwater Resources Contact:
Christopher M. Jones, President & CEO
Phone: 303.531.0480
Jeff Vigil, VP Finance & CFO
Phone: 303.531.0481
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Product Sales Contact:
Jay Wago, Vice President – Sales and Marketing
Phone: 303.531.0472
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Investor Relations Contact:
Porter, LeVay & Rose
Michael Porter
Phone: 212.564.4700
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NEW YORK & LONDON--(BUSINESS WIRE)--CIIG Merger Corp. (“CIIG”) (NASDAQ: CIIC), a US publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination with Arrival S.à r.l. (“Arrival”), the global company creating electric vehicles with its game-changing technologies. The vote took place during a Special Meeting today, and a Form 8-K disclosing the final voting results is expected to be filed with the Securities and Exchange Commission today.
The closing of the business combination is anticipated to take place on March 24, 2021. Following this, the combined company will be renamed Arrival and its ordinary shares and warrants will trade on the Nasdaq Global Select Market beginning on March 25, 2021 under the ticker symbols “ARVL” and “ARVLW” respectively.
About CIIG Merger Corp.
CIIG Merger Corp. (NASDAQ: CIIC) is a Delaware special purpose acquisition company founded by Peter Cuneo, Gavin Cuneo and Michael Minnick for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG’s units, Class A common stock and warrants trade on the NASDAQ under the ticker symbols "CIICU," "CIIC," and "CIICW" respectively.
About Arrival
Arrival is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London, UK and Charlotte, North Carolina, USA, with more than 1500 global employees located in offices across the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. The company is deploying its first three microfactories in North Carolina, USA, South Carolina, USA and Bicester, UK in 2021.
Advisors
Cowen is serving as lead financial advisor and J.P. Morgan is serving as financial advisor to Arrival. UBS Investment Bank and Barclays are serving as financial and capital markets advisors to CIIG. Cowen served as lead placement agent and UBS Investment Bank served as placement agent on the PIPE. Greenberg Traurig, P.A. is serving as legal advisor to Arrival. Akin Gump Strauss Hauer & Feld LLP is serving as legal advisor to CIIG. Milltown Partners LLP is serving as communications advisor for Arrival. Blueshirt Capital Advisors is serving as investor relations advisor for Arrival.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, the anticipated timing of the closing of the business combination and anticipated timing of Arrival becoming a publicly listed Company. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG’s securities, (ii) the risk that the transaction may not be completed by CIIG’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of CIIG and Arrival, the satisfaction of the minimum trust account amount following redemptions by CIIG’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the impact of COVID-19 on Arrival’s business and/or the ability of the parties to complete the proposed transaction; (vii) the effect of the announcement or pendency of the transaction on Arrival’s business relationships, performance, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Arrival and potential difficulties in Arrival employee retention as a result of the proposed transaction, (ix) the outcome of any legal proceedings that may be instituted against Arrival Group, Arrival or CIIG related to the business combination agreement or the proposed transaction, (x) the ability to maintain the listing of CIIG’s securities on the NASDAQ Stock Market, (xi) the price of CIIG’s and the post-combination company’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Arrival operates, variations in performance across competitors, changes in laws and regulations affecting Arrival business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Arrival operates, (xiv) the risk that Arrival and its current and future collaborators are unable to successfully develop and commercialize Arrival’s products or services, or experience significant delays in doing so, (xv) the risk that the post-combination company may never achieve or sustain profitability; (xvi) the risk that the post-combination company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xvii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations, (xviii) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations; (xix) the risk that the utilization of Microfactories will not provide the expected benefits due to, among other things, the inability to locate appropriate buildings to use as Microfactories, Microfactories needing a larger than anticipated factory footprint, and the inability of Arrival to deploy Microfactories in the anticipated time frame; (xx) the risk that the orders that have been placed for vehicles, including the order from UPS, are cancelled or modified; (xxi) that Arrival has identified material weaknesses in its internal control over financial reporting which, if not corrected, could adversely affect the reliability of Arrival’s financial reporting; (xxii) the risk of product liability or regulatory lawsuits or proceedings relating to Arrival’s products and services; (xxiii) the risk that Arrival is unable to secure or protect its intellectual property; and (xxiv) the risk that the post-combination company’s securities will not be approved for listing on the NASDAQ Stock Market or if approved, maintain the listing. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of CIIG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus discussed above and other documents filed by CIIG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Arrival Group, Arrival and CIIG assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Arrival Group, Arrival nor CIIG gives any assurance that either Arrival Group, Arrival or CIIG will achieve its expectations.
PRIIPs / Prospectus Regulation /IMPORTANT – EEA AND UK RETAIL INVESTORS
The ordinary shares to be issued by Arrival Group in the proposed transaction (the “Ordinary Shares”) are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (this Regulation together with any implementing measures in any member state, the “Prospectus Regulation”). Consequently, no offer of securities to which this announcement relates, is made to any person in any Member State of the EEA which applies the Prospectus Regulation who are not qualified investors for the purposes of the Prospectus Regulation, is made in the EEA and no key information document required by Regulation (EU) No. 1286/2014 (as amended the “PRIIPs Regulation”) for offering or selling the Ordinary Shares or otherwise making them available to retail investors in the EEA or in the United Kingdom will be prepared and therefore offering or selling the Ordinary Shares or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPs Regulation.
Media Contacts
For CIIG
Media and Investors
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For Arrival
Media, Victoria Tomlinson
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Investors
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE:KSU) will release its first quarter 2021 financial results on Friday, April 16, 2021, before the opening of trading on the New York Stock Exchange.
KCS will also hold its first quarter 2021 earnings conference call on Friday, April 16, 2021 at 8:45 a.m. eastern time. Shareholders and other interested parties are invited to participate via live webcast or telephone. To participate in the live webcast and to view accompanying presentation materials, please log into investors.kcsouthern.com immediately prior to the presentation. To join the teleconference, please call (844) 308-6428 from the U.S., or (412) 317-5409 from all other countries.
A replay of the presentation will be available by calling (877) 344-7529 from the U.S., (855) 669-9658 from Canada or (412) 317-0088 from all other countries and entering conference ID 10152592. The webcast replay and presentation materials will be archived on the company’s website.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
KCS: Ashley Thorne, 816-983-1530, This email address is being protected from spambots. You need JavaScript enabled to view it.
With a new 50-year operating license in hand, Exelon Generation can now move forward with up to $700 million in planned investments to enhance aquatic life, water quality and environmental stewardship
DARLINGTON, Md.--(BUSINESS WIRE)--Yesterday, Exelon Generation’s Conowingo Dam received a 50-year operating license from a unanimous Federal Energy Regulatory Commission. The license is a critical step forward for Chesapeake Bay restoration efforts and paves the way for long-term investments that will enhance water quality, fish and eel passage, aquatic habitats and debris removal. It also enables the continued operation of Maryland’s largest source of renewable energy, which generates safe, reliable power for tens of thousands of Maryland families and businesses.
“This license renewal is a big win for Maryland’s environment and economy, paving the way for up to $700 million in improvements that will benefit Chesapeake Bay water quality and aquatic life,” said Bryan Hanson, executive vice president and chief generation officer. “As a result, the Conowingo Dam will continue to help Maryland achieve its long-term renewable and clean energy goals, combatting air pollution and helping preserve the Bay for another half-century.”
The benefits from the new license conditions include changes in the flow regime that will enhance habitat for aquatic species like American shad and river herring, and submerged aquatic vegetation, which trap sediment and remove pollution. Benefits also include new programs for mussel restoration, fish and eel-passage, turtle management and waterfowl-nesting. Exelon will also continue its investments to address the accumulation of trash and debris that float down from New York and Pennsylvania, as well as shoreline-management and stream flow regime changes.
“As Conowingo Dam employees, we take pride in knowing that we have provided clean energy to our region for over 90 years and will continue to make this state a better place to live,” said Conowingo Dam Plant Manager, Dusty McKeown. “This new license will further our efforts to protect and preserve the Chesapeake Bay and allow future generations of Marylanders to enjoy the many benefits of the dam for the next half-century.”
About Exelon Generation
Exelon Generation, a subsidiary of Exelon Corporation (Nasdaq: EXC), is the nation’s largest producer of carbon-free energy, powering more than 20 million homes and businesses through a diverse generation fleet with more than 30,000 megawatts of capacity. Exelon Generation operates the largest U.S. fleet of zero-carbon nuclear plants with more than 18,700 megawatts from 21 reactors at 12 facilities in Illinois, Maryland, New York, and Pennsylvania. It also operates a diverse mix of wind, solar, hydroelectric, natural gas, and oil facilities in 19 states with approximately 12,000 megawatts. Exelon Generation sets the standard for world-class power plant operations that produce clean, safe, reliable electricity, and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel or visit exeloncorp.com.
Deena O’Brien
Sr. Manager, Exelon Generation Communications
484-680-2225
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LOS ANGELES--(BUSINESS WIRE)--Fisker Inc. (NYSE: FSR) (“Fisker” or the “Company”) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock, par value $0.00001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated Aug. 9, 2018 (the “Warrant Agreement”), by and between the Company (f/k/a Spartan Energy Acquisition Corp.) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), as part of the units sold in the Company’s initial public offering (the “IPO”), for a redemption price of $0.01 per Public Warrant (the “Redemption Price”), that remain outstanding at 5:00 p.m. New York City time on April 19, 2021 (the “Redemption Date”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO are no longer outstanding and are not subject to this redemption.
Under the terms of the Warrant Agreement, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.
In addition, in accordance with the Warrant Agreement, the Company’s board of directors has elected to require that, upon delivery of the notice of redemption, all Public Warrants are to be exercised only on a “cashless basis.” Accordingly, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.5046 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly, by virtue of the cashless exercise of the Public Warrants, exercising warrant holders will receive 0.4954 of a share of Common Stock for each Public Warrant surrendered for exercise. Any Public Warrants (including Public Warrants that are included in outstanding units) that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted, void and no longer exercisable, and the holders will have no rights with respect to those Public Warrants, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in “street name”).
“We are pleased to take this opportunity to redeem the outstanding public warrants on a cashless basis. As compared to a cash exercise, this not only limits dilution to our common shareholders, but we believe it to be simpler and less burdensome to holders of the public warrants, along with being reflective of our strong balance sheet and confidence in Fisker’s business outlook,” said Fisker Chairman and Chief Executive Officer, Henrik Fisker. “This action will streamline our capital structure in a less dilutive way than through a full cash exercise redemption and remove a majority of our warrant overhang.”
As of March 18, 2021, approximately 7.7 million public warrants had been voluntarily exercised on a cash basis, generating approximately $89.0 million of cash proceeds to Fisker. Fisker has made the decision to reduce further dilution by electing to limit further warrant exercises on a cashless basis in accordance with the terms of the Warrant Agreement as part of Fisker’s right to redeem the public warrants. By electing to limit exercise of the remaining public warrants to a cashless basis, including the recent cashless exercise of all 9.36 million private warrants by the company’s former sponsor, Spartan Energy Acquisition Corporation, the total dilutive impact to common shareholders will be limited to approximately 3.7% as compared to 7.2% under a cash exercise method.
The number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder, multiplied by the difference between $22.79, the average last sale price of the Common Stock for the ten trading days ending on March 16, 2021, the third trading day prior to the date of the redemption notice (the “Fair Market Value”) and $11.50, by (y) the Fair Market Value. If any holder of Public Warrants would, after taking into account all of such holder’s Public Warrants exercised at one time, be entitled to receive a fractional interest in a share of Common Stock, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares.
At 5:00 p.m. New York City time on the Redemption Date, the Company’s outstanding units (the “Units”) will be mandatorily separated into their component parts – one share of Common Stock and one-third of one Public Warrant – and the Public Warrants and Units will cease trading. As a result, at 5:00 p.m. New York City time on the Redemption Date, each Unit holder’s account, in lieu of Units, will reflect ownership of the number of shares of Common Stock underlying such holder’s Units.
None of Fisker, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants.
The shares of Common Stock underlying the Public Warrants have been registered by Fisker under the Securities Act of 1933, as amended, and are covered by a registration statement filed on Form S‑1/A with, and declared effective by, the Securities and Exchange Commission (Registration No. 333‑249981).
Exercise of public warrants should be directed through the broker of the warrant holder. In addition to the broker, questions may also be directed to Morrow Sodali at (800) 662-5200 (for individuals) / (203) 658-9400 (for banks and brokerages) or at This email address is being protected from spambots. You need JavaScript enabled to view it.. Or contact Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New York, New York 10004, Attention: Reorganization Department, Telephone Number (917) 262-2378.
Additional information can be found on Fisker’s Investor Relations website: http://investors.fiskerinc.com/resources/warrant-faq/default.aspx
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Fisker’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Forward Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Fisker’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Registration Statement on Form S-1 (No. 333-249981) under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”) and other reports and documents Fisker files from time to time with the SEC. If any of these risks materialize or Fisker’s management’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Fisker Inc.
Dan Galves, VP, Investor Relations
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Simon Sproule, SVP, Communications
310.374.6177
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment community at the 49th Annual Scotia Howard Weil Energy Conference on Tuesday, March 23, 2021. The materials to be discussed in the meetings will be available on the partnership’s website at 9:00 a.m. Central Time, Tuesday, March 23, 2021.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and the partnership has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com
-Company intends to launch first five pilot programs within the U.S. in 2021-
SALT LAKE CITY--(BUSINESS WIRE)--#Agribusiness--Globally, we are running out of water and land and facing growing difficulties in utility costs and climate control for growing the food we require and sustaining strong and sufficient agricultural commerce. However, a new company, Selu.earth, is providing the answer. Selu is an innovative company that has created patent-pending technologies to reclaim atmospheric humidity, produce renewable energy, and CO2 fertilize agriculture environments to regulate temperature and humidity.
The result is an all-in-one climate-control utility system to enhance plant growing conditions. “Selu Oasis” provides agribusiness customers with the ability to grow and harvest food in many more areas than were previously available or viable, thanks to the ability to enhance and strengthen the natural resources required for growing.
By vastly increasing the locations and amount of land available for growers, the Selu Oasis system allows agribusiness providers to reduce overhead costs while achieving maximum potential growth yields. To that end, the company is seeking and intends to launch five pilot programs to support greenhouses, agriculture infrastructure suppliers, and vertical farms in the U.S.
“By providing universal climate control conditions from one solution, our customers will be able to better realize lower utility costs and higher crop yields,” says Jake Hammock, Selu’s founder and CEO. “Now is the time for producers to have a lower universal utility access solution to grow closer to consumers without the hassle of multiple climate controlling devices saturating energy costs.”
“By adapting and using the Selu Oasis technology, our customers will not only receive substantial utility savings, but will also replenish the environment through our carbon-neutral solution.”
Selu’s technology addresses seven of the United Nations’ Sustainability Development Goals (SDGs):
In all, Selu’s goal is to strengthen and enhance nature to liberate all life, while empowering agribusiness with immense commercial value.
About Jake Hammock
Jake Hammock is a futurist, a creator and inventor, technologist and environmental pioneer who envisions a world where water and energy are no longer scarce. Hammock brings 15-plus years of military and commercial executive leadership in innovative tech management positions to Selu and is a U.S. Army combat veteran who has worked with DARPA and other advanced research agencies.
Hammock’s travels and his active executive roles in philanthropy have made him keenly aware of the problems that lack of clean water and energy have caused throughout the world.
About Selu
Selu Technologies, Inc. (Selu.earth) is a privately held company in Salt Lake City, Utah, that is developing revolutionary and patent-pending technologies to convert atmospheric moisture into clean water, renewable energy and clean air through an all-in-one, climate-control utility system called “Selu Oasis.” In its first implementation, Oasis provides Agribusiness customers with the ability to grow and harvest food to reduce overhead costs while achieving maximum potential growth yields while also replenishing our environment. For more information, investors, customers and prospective partners can visit www.selu.earth.
#Agribusiness #Agtech #CleanWater #Sustainable #WaterIsLife #SustainableWater #AlternativeEnergy #SustainableEnergy #CarbonNeutral #TechThatMatters #Innovation #FoodSecurity
Selu Technologies, Selu.earth, Selu and Oasis are copyrighted as the exclusive intellectual property of Selu Technologies Inc.
Cheryl Conner and Paul Murphy
SnappConner PR
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801-806-0150
HOUSTON--(BUSINESS WIRE)--Whiting USA Trust II (OTC:WHZT) announced today that it filed a copy of the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020 on the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system maintained by the SEC at http://www.sec.gov. The Trust filings are also available on the Trust’s website at http://whzt.q4web.com/home/default.aspx. In addition, the Trust will provide electronic and paper copies of its recent filings free of charge upon request to the Trustee.
Whiting USA Trust II
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555
601 Travis Street, 16th Floor, Houston, TX 77002
http://whzt.q4web.com/home/default.aspx
HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $2,472,277.06 or $0.053043 per Unit, based primarily upon estimated production during the month of January 2021, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable April 14, 2021, to Unit Holders of record as of March 31, 2021.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,631,464 Mcf (2,923,849 MMBtu) for January 2021, as compared to 1,643,882 Mcf (1,826,535 MMBtu) for December 2020. Dividing revenues by production volume yielded an average gas price for January 2021 of $2.36 per Mcf ($2.12 per MMBtu), as compared to an average gas price for December 2020 of $2.66 per Mcf ($2.39 per MMBtu).
Hilcorp has advised the Trust that the January 2021 reporting month included a negative adjustment of $68,164 gross ($51,123 net to the Trust) based on true-ups for the August 2020, September 2020 and October 2020 production months.
Hilcorp informed the Trust that due to Hilcorp’s transition to a new accounting system, the January 2021 reporting month is based on estimated production, actual realized prices and estimated costs.
Hilcorp also reported that for the reporting month of January 2021, revenue included an estimated $100,000 for non-operated revenue. For the month ended January 2021, Hilcorp reported to the Trust capital costs of $19,057, lease operating expenses and property taxes of $1,554,770, and severance taxes of $1,187,100.
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website: www.sjbrt.com |
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Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources |
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Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 |
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Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today that there will be no distribution paid for the month of March 2021 to holders of record as of the close of business on March 31, 2021, as costs, charges and expenses attributable to the Trust’s royalty properties, and applicable reserves, exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to the specified interest in certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by the volatility in commodity prices. There was a substantial decrease in oil and natural gas prices in 2020 due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Continued low oil and natural gas prices, among other things, will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2019 under “Part I, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended March 31, 2020 under “Part II, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended June 30, 2020 under “Part II, Item 1A. Risk Factors” and the Trust’s Form 10-Q for the quarter ended September 30, 2020 under “Part II, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
http://mtr.q4web.com/home/default.aspx
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will speak at the 49th Annual Scotia Howard Weil Energy Conference on March 23, 2021 at 10:00 a.m. Eastern Time.
A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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Community Relations Task Force Meeting Scheduled
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, March 23 at 9:15 a.m., via WebEx webinar.
The Community Relations Committee meeting will begin at 9:30 a.m., or thereafter, immediately following the adjournment of the Port Commission meeting.
The agendas and the instructions to access both virtual meetings are available at http://porthouston.com/leadership/public-meetings/.
Sign up for public comment is available up to an hour before the Port Commission and Community Advisory Council meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
Texas Governor Abbott’s action of March 16, 2020 continues to allow these virtual and telephonic open meetings to maintain government transparency, as the Port Authority Executive Office Building remains closed to the general public.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
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Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Industrial Gases for Plastic and Rubber Industry - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Industrial Gases for Plastic and Rubber Industry Market to Reach $8.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Gases for Plastic and Rubber Industry, estimated at US$ 6.1 Billion in the year 2020, is projected to reach a revised size of US$ 8.6 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Nitrogen, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$ 3.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon Monoxide segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 8.2% CAGR
The Industrial Gases for Plastic and Rubber Industry market in the U.S. is estimated at US$ 1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 1.8 Billion by the year 2027 trailing a CAGR of 8.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Carbon Dioxide Segment to Record 4.4% CAGR
In the global Carbon Dioxide segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 1.2 Billion in the year 2020 will reach a projected size of US$ 1.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 1.2 Billion by the year 2027, while Latin America will expand at a 4.8% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/oja37p
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Knowing the location of all inventory and personnel can help any business operate more efficiently, while protecting the workforce at the same time.
ISTANBUL--(BUSINESS WIRE)--There is a host of benefits that businesses can leverage from knowing exactly where their assets and personnel are located at all times. Some of these benefits are pretty obvious, such as not having to waste time looking for inventory or spending money replacing it if it can’t be found. But, there are also many value added benefits that maybe not so instantly apparent, for example keeping employees safe. Wipelot, (www.wipelot.com) one of the leading providers of Real-time location systems (RTLS), confirms that RTLS is a fast-growing area which allow companies to gain access to these benefits and more.
What is RTLS Technology
How RTLS operates is fairly easy to understand. RTLS use RFID readers situated around the premises to gather a variety of measurements wirelessly from a RFID tag. The captured information is sent to a central device for processing. An algorithm is then used to determine the location of the tag with centimetre-level precision.
Different wireless protocols can also be used for RTLS installations. The protocol used depends on the requirements of the application. Ultra-wideband (UWB), WiFi and Bluetooth communications have been used by different RTLS suppliers. Wipelot mainly focusses on UWB in its systems as the technology avoids the crowded 2.4GHz frequency band and provides the best combination of accuracy and security.
Applications and Benefits
Every business can become more efficient just by knowing the location of inventory, equipment and staff, but advanced RTLS can be used to do much more than providing precise locations. The wireless networks used to deliver the location measurements to the reader have enough spare bandwidth to deliver other measurements that are usually provided by sensors within the tag. If required, control signals can then be sent back over the communications network to perform actions, such as activating alarms.
RTLS can also be used in other ways to enhance the safety of the workforce. For example, in some RFID tags intended for personnel, Wipelot integrates fall sensors that can alert the company to an injured member of staff. Software can easily be programmed to designate areas as safe and unsafe, for example, to allow humans to safely work beside robots. When the operator moves into a space designated for robots, an alarm will sound. Distances can also be specified between tags. This ability has been used successfully by businesses during the current COVID-19 outbreak to impose proper social distancing. Alarms will sound if two members of staff get closer than the company’s preventative rules allow.
In a manufacturing environment, RTLS can track products as they move through the line to provide the traceability necessary for quality control to improve customer confidence. The tags can also monitor the production environment and equipment as part of an Industry 4.0 installation.
The Complete Package
Having become the dominant RTLS provider in the Turkish domestic market, Wipelot is now looking further afield. Rifat Ok, Wipelot CEO said, “We are now making a major push to bring the benefits of RTLS technology to international markets.” He then expanded further on the benefits by explaining, “RTLS offers a faster way to recoup an initial investment than almost any other initiative that I know, and that is only counting defined financial benefits. There are many more intangible benefits, such as safeguarding staff and providing a more reliable service and better quality products to customers which can’t be measured so easily.”
RTLS can be used in any size of company and in any type of business that has stock or staff. Current Wipelot customers include manufacturers, utilities, airports, mines and automotive businesses, from smaller companies to the largest multinationals, such as Mondi, P&G, Bosch, ABB and Unilever. The company offers a wide selection of products that suit any application, including WIPELOT RTLS location tracking solutions and the WIPELOT ISG work safety family of products.
Selen Ozerdem, International Sales and Marketing Dept.
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
WASHINGTON--(BUSINESS WIRE)--Lithium-ion battery leader LG Energy Solution announced Thursday it had engaged EJM Associates, LLC, the energy policy strategic consultancy headed by former US Secretary of Energy Ernest Moniz, to provide strategic advice as the company expands its U.S. production and research and development footprints. Dr. Moniz served as the thirteenth Energy Secretary from 2013 to January 2017.
The new partnership comes as LGES announced last week it would invest $4.5 billion in its US operations by 2025 and would create 10,000 jobs in service of securing an additional 70GWh production capacity in the US. Last year, LGES began work on a $2.3 billion joint venture for battery cell production with General Motors in Ohio. When the new plants are operational, LGES will possess the largest battery cell production capacity in the United States.
"Secretary Moniz will help LGES deliver on its commitment to the electrification of the US vehicle fleet," LG Energy Solution Michigan Inc. Tech Center President Denise Gray said. "His experience at the highest levels of policy and energy work will prove invaluable as we scale at an unprecedented rate to meet the demands of America's supply chain."
"As the US electricity grid continues to rapidly decarbonize toward the goal of carbon neutrality, electrification of the transportation sector takes on added significance," said Secretary Moniz. "LGES builds on a successful track record of battery innovation and, with its manufacturing commitment in the United States, will be a key player in building out the supply chain for robust US electric vehicle manufacturing. We look forward to helping LGES realize this vision while employing thousands of Americans."
For more information, visit: https://www.lgessbattery.com
Media contact:
James Richardson
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