Employee Theft Video Offers Real World Demonstration of Solution’s Breakthrough Detection Capabilities
Footage Shows Thruvision System Detecting Stolen Items Metal Detectors Cannot -- While Maintaining COVID Safe Distance of Over 10 Feet
ASHBURN, Va. & OXFORD, England--(BUSINESS WIRE)--Thruvision, a provider of next generation people screening solutions, and a leader within the distribution center and fulfillment center loss prevention sector, today released a video that shows an actual distribution center theft being prevented by Thruvision’s stand-off, safe-distance loss prevention technology.
The video, taken by a leading global retailer is the actual CCTV footage of a distribution center worker being screened with Thruvision’s passive terahertz technology. Using the Thruvision system, the retailer’s security personnel detect concealed items under the employee’s clothing. The entire screening process is done at a distance of approximately 10 feet, thereby maintaining health and safety all of staff. In addition, the video demonstrates the Thruvision system can detect non-metallics items, in this case apparel, that cannot be detected by a metal detector.
“This video is a powerful, real-world demonstration of why distribution centers and fulfillment centers are increasingly turning to Thruvision to protect high-value, easy-to-conceal items,” commented Colin Evans, Thruvision’s CEO. Evans continued, “Thousands of employees are now being safely and non-intrusively screened by top retailers and logistics firms with Thruvision technology because it can detect all types of items – not just metallics.”
Based on patented technology, Thruvision’s solution allows customers to screen for metallic and non-metallic items concealed under a person’s clothing at distances up to 10 feet. By eliminating the need for physical pat-downs of employees, the Thruvision system reduces health and safety risks due to COVID-19 by providing screening at a distance that exceeds CDC guidelines. The Thruvision system emits no radiation; instead, it detects when a concealed object is blocking a person’s natural heat energy. It accurately shows the size, shape and location of a concealed object, regardless of the material, without revealing any information about the person’s gender or anatomy. A growing number of firms have deployed Thruvision for employee screening and loss prevention applications, including Los Angeles International Airport (LAX), Seattle Tacoma International Airport (SEA), LaGuardia Airport (LGA) SONY, CEVA Logistics and Fanatics.
About Thruvision
Addressing the urgent need for “safe distance” people security screening in the COVID era, Thruvision is uniquely capable of detecting metallic and non-metallic items including weapons, explosives and contraband items that are hidden under clothing, at distances between 10 and 25 feet. Using patented passive terahertz technology, Thruvision completely removes the need for physical “pat-downs” and has been vetted and approved by the US Transportation Security Administration for surface transportation. Operationally deployed in 20 countries around the world, Thruvision is used for aviation security, retail supply chain loss prevention, customs and border control, and public area security. The company has offices in Washington DC, and Oxford, UK. To schedule a demonstration or for more information, please visit www.thruvision.com.
Thruvision sales: Kevin Gramer at +1 540 878 4844 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Follow Thruvision on LinkedIn
Media inquiries: Andrew Goldsmith: This email address is being protected from spambots. You need JavaScript enabled to view it. / agxmarketing.com
Provides Boat, Outboard for Research, Tagging in North Florida
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters is teaming up with Skeeter Boats to provide a SX2250 center console boat with a 250-horsepower Yamaha V MAX SHO® outboard to the University of Florida. Scientists in the University’s Whitney Laboratory for Marine Bioscience will use the boat and outboard to conduct a study on redfish activities and numbers to gather better data on the species in Northern Florida.
“The root of successful conservation begins with in-depth knowledge of the species and areas you are trying to protect,” said Dr. Jimmy Liao, Ph.D., marine biologist focusing on fish sensing and fish behavior at the University of Florida. “We will use this boat and outboard to tag and track the behavior of redfish in a 35-mile radius of northeastern Florida. The more data we collect, the better our understanding of the redfish becomes, and with that understanding comes the ability to better manage the fishery. The Yamaha Rightwaters and Skeeter teams recognize the important relationship between conservation and growth in the recreational fishing and boating industry, and we are grateful for the support.”
The University of Florida’s redfish study has three components. The first is tagging the fish to get a better idea of the exact number in the area. The second is studying the migration patterns of the fish to determine which habitats are preferred by the adult breeders and which make good nursery sites for the juvenile fish. The acoustic tags the scientists use can pick up signals from Canada to Cuba. Finally, the third aspect of the program focuses on seeding fisheries with redfish bred by the University and tracking the number of juveniles that return to the fisheries.
"Scientific research is one of the four cornerstones of the Yamaha Rightwaters mission," said John O'Keefe, Senior Specialist, Government Relations, Yamaha Marine U.S. Business Unit. “This redfish study currently underway at the University of Florida will give state officials the information they need to manage this fishery properly so that it may grow in a healthy sustainable manner and continue to be enjoyed for generations to come.”
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement. University of Florida is a registered trademark of the University of Florida, the Educational Institution Florida.
Melissa Boudoux
Communications Manager
Yamaha Marine Engine Systems
Office: (770) 701-3269
Mobile: (404) 381-7593
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Neal Wheaton
Wilder+Wheaton for
Yamaha Marine Engine Systems
Mobile: (404) 317-0698
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SAN ANTONIO, Texas--(BUSINESS WIRE)--Valero Energy Corporation (NYSE:VLO) (“Valero”) announced today that it will host a conference call on April 22, 2021 at 10:00 a.m. ET to discuss first quarter 2021 earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the conference call may log on to Valero’s Investor Relations website at www.investorvalero.com.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.69 billion gallons per year. The petroleum refineries are located in the United States (“U.S.”), Canada and the United Kingdom (“U.K.”), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Valero Contacts
Investors:
Homer Bhullar, Vice President – Investor Relations, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
DUBLIN--(BUSINESS WIRE)--The "Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global gas analyzer market reached a value of US$ 3.49 Billion in 2020. Looking forward, the publisher expects the global gas analyzer market to exhibit moderate growth during the next five years.
Gas analyzers are measuring instruments which help in determining the quantitative or qualitative composition of gas mixtures. Gas analysis and detection help in improving efficiency and safety and ensuring environmental compliance. They are used to provide essential data in numerous manufacturing, processing and materials research applications in chemicals, oil and gas, and petrochemical industries. They are also employed in environmental monitoring, power generation and water treatment.
An increase in shale gas and tight oil explorations have stimulated the demand for gas analyzers worldwide as they are used to prevent corrosion in natural gas pipeline infrastructure. In addition, government legislation and the enforcement of occupational health and safety regulations have also mandated the use of gas analyzers in various industrial settings. This has further been supported by the rising awareness among individuals regarding the safety hazards of gas leaks and emissions. Apart from this, manufacturers are integrating gas analyzers with smartphones and other wireless devices to provide real-time monitoring, remote-control and backing up data logs. They are also introducing gas analyzers embedded with latest analyzing technologies. For instance, Emerson Electric has launched hybrid analyzers with Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) measurement technologies for emission monitoring and gas analysis.
Currently, Asia Pacific dominates the global gas analyzer market, holding the largest share. This can be attributed to the growing applications of these analyzers in numerous industries and strict environmental conservation regulations laid by the governments in the region.
On assessing the import and export scenario of the market, the report finds that China is the biggest importer, whereas Germany holds the majority of the export shares.
Companies Mentioned
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gas Analyzer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.8 Value Chain Analysis
5.9 Porters Five Forces Analysis
6 Market Breakup by Application
6.1 Oil & Gas
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Power
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Chemicals
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Food and Beverages
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Pharmaceuticals
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 Imports and Exports
8.1 Imports by Major Countries
8.2 Exports by Major Countries
9 Gas Analyzer Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/g8xays
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ANN ARBOR, Mich.--(BUSINESS WIRE)--#customersatisfaction--Household power consumption surged during the pandemic, but customer perceptions of utilities barely budged.
Residential customer satisfaction with the energy utilities sector overall ticks down 0.1% to 72.0 (on a scale of 0 to 100), according to the American Customer Satisfaction Index (ACSI®) Energy Utilities Report 2020-2021.
Of the three categories the report measures, cooperative energy utilities remain the satisfaction leaders with an unchanged ACSI score of 73, followed closely by investor-owned energy utilities, steady at 72. Only municipal energy utilities decline, with a modest drop of 1.4% to 71. While residential customer satisfaction is mostly flat, all three energy utility categories are among the bottom dozen industries in the Index.
Natural gas service retreats for the third straight year, declining 1% to 75, but still outperforms electricity, which remains unchanged at 71, a record low point since 2004.
“The recent extreme storms and resulting blackouts in Texas occurred after ACSI’s interview period ended, but shined a harsh spotlight on the need for reliable electric service,” says David VanAmburg, Managing Director at the ACSI. “Customers interviewed throughout 2020 note that overall quality and reliability of electric service have diminished compared to 2019. Perceptions of value, however, are stable or slightly improved. Some might view higher bills during the pandemic as a tradeoff to savings in commuting, travel, and restaurants during lockdown. Another factor might be the shutoff moratoria that allowed residential customers to defer utility payments without threat of losing service.”
Atmos Energy, CenterPoint Energy, and NextEra Energy tie for top score among investor-owned utilities
After two years of customer satisfaction decline, the investor-owned energy utility industry overall holds steady with an ACSI score of 72, continuing to match its record low from 2016.
The trio of leading utilities in 2021—Atmos Energy (down 3%), CenterPoint Energy (down 1%), and NextEra Energy (unchanged)—are tied with ACSI scores of 76. This represents the lowest leading ACSI score for the industry over time.
NiSource and Southern Company are steady at 75, a score that remains an all-time low for the latter, while PPL edges up 1% to 74.
A large group of seven utilities hover just above the industry average with ACSI scores of 73. For six of these providers (Ameren, Berkshire Hathaway Energy, Dominion Energy, DTE Energy, Public Service Enterprise Group, and WEC Energy), customer satisfaction shows little movement year over year. Only Consolidated Edison loses more ground—down 3% to 73.
Of the six energy utilities that match the industry average of 72, four (Entergy, Exelon, FirstEnergy, and Xcel Energy) are stable or within a point of their prior score. Two, Edison International and Sempra Energy, slide 3% and 4%, respectively.
CMS Energy declines 3% to 71, matching Duke Energy (unchanged). Close by, the group of smaller investor-owned utilities backtracks 3% to 70 to tie with National Grid (unchanged) and American Electric Power. While American Electric Power shows the most improvement with a jump of 3%, its customer satisfaction stays well below its historic ACSI average of 75.
At the bottom of the industry, Eversource Energy tumbles 6% to 65 and beleaguered PG&E, which emerged from bankruptcy in 2020, drops 3% to 61 after plummeting 10% one year ago.
To enhance understanding of the residential customer experience, the ACSI now measures mobile app performance across the energy utilities sector. With ample resources to invest in apps, the investor-owned category receives its top customer experience marks for both mobile app quality and reliability (79). Relative to most other ACSI industries, however, energy utility apps need to improve as all three categories score below average on these measures.
Salt River Project stumbles, but stays atop municipal energy utilities
Customer satisfaction with municipal energy utilities overall sheds 1.4% to an ACSI score of 71 following two years of slow decline. Perennial industry leader Salt River Project stays atop the category, but wanes 3% to a record low of 75.
CPS Energy edges closer to Salt River Project with a 1% uptick to 73. Smaller municipal energy utilities inch down 1% to 71. After tying with CPS Energy and the smaller providers one year ago, the Los Angeles Department of Water & Power (LADWP) plummets 6% to 68.
Touchstone Energy now neck and neck with all other cooperative energy utilities as its decline continues
Cooperative energy utilities serving small rural communities keep customer satisfaction steady at an ACSI score of 73 after falling nearly 3% one year ago.
Touchstone Energy drops 1% to a customer satisfaction score of 73, continuing a four-year ACSI decline. The group of smaller cooperatives gains just a point to tie with Touchstone at 73 following a steep decline the prior year.
With fewer resources to provide robust apps, smaller rural utilities earn a mobile app quality score of 77. This places them at the bottom among all ACSI industries, along with the poorly performing subscription television service industry.
The ACSI Energy Utilities Report 2020-2021 is based on interviews with 21,736 residential customers, chosen at random and contacted via email between January 13 and December 28, 2020. Download the full report, and follow the ACSI on LinkedIn and Twitter at @theACSI.
No advertising or other promotional use can be made of the data and information in this release without the express prior written consent of ACSI LLC.
About the ACSI
The American Customer Satisfaction Index (ACSI®) has been a national economic indicator for 25 years. It measures and analyzes customer satisfaction with more than 400 companies in 47 industries and 10 economic sectors, including various services of federal and local government agencies. Reported on a scale of 0 to 100, scores are based on data from interviews with roughly 500,000 customers annually. For more information, visit www.theacsi.org.
ACSI and its logo are Registered Marks of the University of Michigan, licensed worldwide exclusively to American Customer Satisfaction Index LLC with the right to sublicense.
Denise DiMeglio 610-228-2102
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PITTSBURGH--(BUSINESS WIRE)--LOLA Energy III, LLC (“LOLA Energy”) today announced that it has recently closed on an acquisition of 100% of the equity membership interests of an exploration and production company with operations in Butler County, PA (the “acquired company”). Financial and other terms and conditions of the sale are confidential among the parties to the transaction. The acquired company immediately changed its name to LOLA Energy PetroCo, LLC to rebrand as a LOLA Energy owned and operated company.
The acquired company’s assets and operations include:
The production and reserves benefit from a high concentration of natural gas liquids. The gas composition mix is approximately:
LOLA Energy will operate the acquired company and will be led by the following team of oil and gas veterans:
LOLA Energy’s Chief Executive Officer Jim Crockard stated, “We are excited to be bringing our brand of a Locally Owned, Locally Accountable oil and gas production company to Butler County.” He further stated, “Under our brand of local and accountable ownership, we will safely and efficiently continue operations and rejoin the northeastern Butler County communities where LOLA Energy is making a substantial investment with this acquisition. We look forward to making our presence known in a positive way.”
LOLA Energy was represented by Buchanan Ingersoll & Rooney PC in Pittsburgh, Pennsylvania.
About LOLA Energy:
LOLA Energy is an oil and gas operating company focused on horizontal shale development and operations of Appalachian oil and natural gas resources. Headquartered in Canonsburg, Pennsylvania, LOLA Energy fields a talented team of deeply experienced oil and gas professionals, several of whom helped to pioneer some of the earliest and most successful horizontal shale oil and gas drilling and completion programs and operations throughout Appalachia. More details about LOLA Energy are available at www.lolaenergy.com.
Julie Scott
Karma Creative, LLC
(412) 443-2444
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Itron Engage Enables Partners in EMEA to Extend the Reach of Itron’s Technology with Access to Tools, Training and Support
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#channelpartners--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that it has extended the Itron Engage Sales Channel Partner Program to Europe, Middle East and Africa (EMEA). With this program, new and existing partners will have access to enhanced tools, training and support for Itron’s solutions, which will equip them to extend the reach of Itron’s technology to the markets they serve around the globe.
Developed to empower a diverse group of channel partners, Itron Engage provides an interconnected community to meet the demands of a transforming customer base. The program features a variety of increasing benefits, and rewards partners who exhibit both expertise across the entire portfolio and exceptional, consistent performance. Itron Engage also provides partners with access to Itron University, a robust online training program augmented with best-in-class support to ensure partners clearly understand the breadth and depth of the Itron portfolio.
Current partners can take advantage of Itron Engage today through the Partner Center, Itron’s existing partner portal. New partners can inquire about enrolling here.
“We are excited to bring our industry-leading sales channel partner program to EMEA, which will equip and empower our partners in EMEA to deliver smart solutions for cities, utilities and municipalities with access to tools, training and more,” said Andrew Jones, vice president of Sales for EMEA at Itron. “With Itron’s innovative technology and services, we are creating a more resourceful world, and Itron Engage brings us together to drive our collective success to solve customers’ challenges.”
“We are off to a great start deploying our new framework with high engagement and excitement from our sales channel community and we look forward to better serving our customers together,” added Gregory Raby, EMEA Channel Partner Leader at Itron.
Partner Quotes
“Over our 20 years of collaborating with Itron, we have deeply appreciated Itron’s ability to listen to our needs and execute toward our mutual interest in a fast-moving market. The Itron Engage program is a great step toward growing future business in Itron’s Networks and Outcomes business lines, and it is exciting to see Itron invest in its partner community.”
- Ahmet Reşat Görür, CEO of Manas Enerji Yonetimi
“At Vestra, we not only offer equipment, but a dedicated team that seeks the most effective solutions for customer success. For years we have been evolving together with our customers, and we are constantly adapting to the needs of the market. We are confident that through Itron Engage, we will continue and improve our collaboration with Itron, allowing us to strengthen our position in this highly competitive market.”
- Dan Chiriac, Sales Executive, Vestra
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Engineering Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Oil & Gas Engineering Services Market is expected to register a CAGR of approximately 7% during the forecast period (2021 - 2026).
Companies Mentioned
Key Market Trends
Downstream Segment to Exhibit Significant Growth
North America Expected to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Adoption of Automation in the Oil & Gas Industry to Aid Growth of Design and Engineering Services
4.2.2 Ongoing Efforts to Enhance Cost & Operational Efficiency in the Oil & Gas Industry
4.2.3 Industry 4.0 Practices Such as Extended Reality & BIM 4D to Reduce TTM
4.3 Market Restraints
4.3.1 The Market is Susceptible to Fluctuations in the Oil & Gas Prices as Well as Other Macro-economic Changes
4.3.2 Operational and Compliance-related Challenges
4.4 Industry Stakeholder and Business Model Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis?
4.6 Comparative Analysis of In-house and Outsourced Engineering Services Industry
4.7 Cost Breakdown Analysis
4.8 Comparative Analysis of the Adoption Trends Between Oil & Gas and Other Major Process Industries
4.9 Impact of COVID-19 on the Engineering Services Industry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Downstream
5.1.2 Midstream
5.1.3 Upstream
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Latin America
5.2.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/5qvwz4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
First day trading from some of the LNG industry’s most active market participants demonstrating strong support for the new contracts
LONDON & SINGAPORE--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that the LNG freight futures contracts based on Spark Commodities’ (“Spark”) price assessments which launched on March 22, traded on the first day.
First day trading included 15 lots of Spark30S Atlantic and 15 lots of Spark25S Pacific LNG freight futures contracts for the June 2021 contract expiry. These trades involved some of the LNG industry’s leading market participants including Total, Gunvor, Vitol, and Glencore, and were brokered by Clarksons, showing strong support for the new contracts.
“The unprecedented price volatility observed on the chartering market this year has underpinned the need for a derivative product allowing us to hedge the shipping capacity of our LNG portfolio and to position ourselves to benefit from arbitrage opportunities arising in the market. The LNG Freight Futures contracts on ICE provides us with the ability to more proactively manage our shipping exposure,” said Patrick Dugas, Vice President, LNG Trading in Total Gas & Power.
“We are happy to complete the first Spark30S Atlantic and Spark25S Pacific LNG Freight Futures trades on ICE and continue to work very hard in developing the LNG FFA market. There is a great demand to hedge LNG freight exposure and we are confident that liquidity will increase over the coming months,” said Christian Greenop at Clarksons.
“We have had such a positive and supportive response from the market since we announced these contracts together with Spark. The trades on the first day demonstrate the key role they will play in allowing participants to now manage freight risk alongside the commodity risk and therefore optimize their global natural gas portfolios,” said Gordon Bennett, Managing Director of Utility Markets at ICE.
The contracts allow market participants to manage price risk in respect of round-trip voyages between the US Gulf Coast and North West Europe (Spark30 assessment); and Australia and Japan, Korea, Taiwan and China (Spark25 assessment). The numbers in the contract names indicate the number of days it takes an LNG vessel to complete a return voyage on the respective routes, with the settlement of the contracts based on the Spark30S (Atlantic) and Spark25S (Pacific) LNG freight spot price assessments.
ICE’s LNG freight futures contracts are traded and settled in USD per day, and monthly contracts from April 2021 to December 2023 are available to trade and clear alongside the global natural gas benchmarks on ICE including TTF, JKM, Henry Hub, NBP, and WIM LNG (Platts) futures, offering the market a liquid and capital efficient environment to manage global gas price risk.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
About Spark Commodities
Spark Commodities is focused on providing technology based solutions that promote liquidity in the LNG market. Spark wants to redefine how LNG freight prices are understood. With a strong technical background, support from major industry players and commercial experience trading in the LNG market, we aim to provide a meaningful and robust index that allows the market to manage freight risk whilst benefiting from the increased levels of transparency that our platform provides. Empowering Trade, Together.
About Total
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the leading company of responsible Energies.
About Glencore
Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. The Group's operations comprise around 150 mining and metallurgical sites and oil production assets.
With a strong footprint in over 35 countries in both established and emerging regions for natural resources, Glencore's industrial activities are supported by its global marketing network.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 160,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351
ICE Investor Contact:
Warren Gardiner
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770-835-0114
Argonaut rebrands operation as American Well Services
TULSA, Okla.--(BUSINESS WIRE)--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources.
Located in the heart of the Permian Basin, the operation is now doing business as American Well Services and provides well service rigs for workover or completions operations and wellsite support services including, fluid transfer, hot oiling, frac tank rental and wellsite construction. American Well Services announced the retention of substantially all employees related to the operations, and an extensive amount of assets including a fleet of rigs, water hauling trucks, frac tanks, hot oil units, fishing packages and heavy machinery for construction services.
“The acquisition of the Pioneer Well Services assets allows us to partner with one of the premier operators in the Permian Basin in Pioneer Natural Resources, while leveraging our experience in the oil and gas industry and an unlevered balance sheet for American Well Services to continue its track record of providing first-class service and safety,” said Steve Mitchell, Argonaut CEO.
American Well Services will partner with existing Argonaut portfolio company, Nichols Oil Tools. The combination of both companies enables additional services to be bundled to provide production and completions solutions for operators in the Permian basin.
“We are beyond excited about the opportunity to continue and build on our relationship with Pioneer,” said Kent Easter, Chief Operating Officer for Nichols Oil Tools. “We also look forward to being able to offer the services provided by American Well Services to our existing customer base and any prospective customers of Nichols Oil Tools, creating a better, more streamlined experience to service our customer’s needs.”
Founded in 2002, Argonaut Private Equity has deployed over $3 billion of capital in direct investments across key industry sectors including manufacturing, industrials and energy services. Simmons Energy | A Division of Piper Sandler® served as the exclusive financial advisor to Pioneer Natural Resources on its sale of Pioneer Well Services.
About American Well Services
American Well Services provides well service rigs for workover or completions operations and wellsite support services including, fluid transfer, hot oiling, frac tank rental and wellsite construction. AWS is managed by industry veterans and services blue-chip customers in the Permian Basin with a substantial asset base, strong safety culture and industry-leading operating procedures. American Well Services has partnered with Nichols Oil Tools to provide a full suite of completions and workover solutions to customers in the Permian Basin.
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity firm with $3 billion of capital deployed in direct investments across key industry sectors including manufacturing, industrials and energy services. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. In 2018, Argonaut raised Argonaut Private Equity Fund IV to continue its history of generating attractive investment returns through a disciplined approach and aligning interests with those of its investors and business partners.
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DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today published its 2020 Annual Report and 2020 Sustainability Report and introduced a modernized Company brand, each of which reinforces the Company’s commitment to its clean energy strategy.
Highlights
“For 75 years, CF Industries has helped feed the crops that feed the world,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “As our Annual Report and Sustainability Report make clear, we are focused on building on this legacy by providing clean energy to help the world decarbonize, supporting and developing our employees and communities, and enhancing product stewardship efforts.”
2020 Sustainability Report
CF Industries’ 2020 Sustainability Report, Clean Energy for a Sustainable World, covers the company’s steadfast commitment to sustainability and progress within crucial ESG areas. The report can be accessed at sustainability.cfindustries.com.
The report focuses on recently announced ESG goals, covering critical environmental, societal, and workforce imperatives. These commitments include a dramatic reduction in carbon emissions across its global network to achieve net-zero carbon emissions by 2050 and an intermediate goal of a 25% reduction in CO2e emissions intensity by 2030. The Company’s ESG goals also encompass other issues important to CF Industries and its stakeholders, including diversity and inclusion, safety, food security, nutrient management and community involvement.
Highlights from the report include:
New Modernized Brand Identity
In conjunction with the publishing of its 2020 Annual and Sustainability Reports, CF Industries has introduced a modern refresh of its core brand elements that reflect its commitment to a cleaner future. The company’s new logo includes a mark representing a stylized ammonia molecule, which is the base product that CF Industries manufactures and which is central to its clean energy strategy.
The Company also released updated vision, mission and strategy statements. These revolve around clean energy, providing further definition to the Company’s direction and focus in the years ahead.
“The launch of our new brand identity is more than a change in symbol, it is a symbol of change,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “Our commitment to decarbonize the world’s largest ammonia production network will transform CF Industries and position our Company at the forefront of clean energy supply. Our new brand communicates this focus and our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy.”
Clean Energy Strategy Update
The Company continues to advance its plans to support the global hydrogen and clean energy economy, which is expected to grow significantly over the next decade. Key initiatives in development include a green ammonia project at the Donaldsonville Nitrogen Complex and carbon dioxide capture and sequestration and other carbon abatement projects across the Company's network.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. Our employees are focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Imperial Helium Corp. ("Imperial" or the "Company") is pleased to announce a corporate update.
Key Highlights
Property Acquisition & Additional Technical Information
Imperial has entered into a lease option agreement (“Lease Agreement”) with Heritage Royalty Resource Corporation in connection with a property acquisition that will triple the size of its landholdings within the core area near the hamlet of Princess in southern Alberta. The Lease Agreement, along with the Company’s existing land holdings, now provides the Company with the rights to a structure covering more than a township (36 sq miles) with known helium concentration. The Company intends to exercise its option under the Lease Agreement in connection with the satisfaction of the Escrow Release Conditions (as defined below).
The property subject to the Lease Agreement (the “Property”) is located on leased land over the historic Steveville discovery, and is referred to as the Steveville land/structure. In aggregate, the Company has a total of 24,635 hectares with rights below the base of the Big Valley Formation.
The Steveville structure appears to be a large dome feature with four-way closure. The first well to penetrate the structure was drilled in the winter of 1940 near Steveville resulting in a blow-out which reportedly flowed at greater than 50MMcf/d for several months until the well was brought under control. The structure subsequently tested 6 MMcf/d of non burnable gas (87% nitrogen 0.63% helium) from the Beaverhill Lake Group. At the time, there was no commercial interest in the structure because the gas results indicated high concentrations of nitrogen with helium and minimal hydrocarbons. Four subsequent wells confirm the structure. The Company is acquiring seismic data to better define the structure.
The Company anticipates drilling its first well into the apex of the structure adjacent to the discovery well, late the second quarter of 2021, with completion and testing to follow. Upon evaluation and integration of the first well into the reservoir model, a second well location will be confirmed. The second well is anticipated to be drilled on the flank of the structure.
Strategic Alliance
Imperial has entered into a strategic alliance agreement with Uniper Trading Canada Ltd. (UTC) and ON2 Solutions Inc., to expedite the development, production and monetization of Imperial helium projects in Canada. The agreement does not compel but provides an opportunity for the parties to negotiate helium project costs and prices in aid of accelerating project financing and execution. In addition, the agreement provides a confidential framework for information sharing in the currently somewhat opaque helium business environment.
UTC and/or its affiliates are engaged in the business of purchasing, transporting, storing, and marketing volumes of commercial gases including Helium. UTC is a wholly owned subsidiary of Uniper SE, a German headquartered global downstream energy company with activities in more than 40 countries. ON2 Solutions is a Canadian based private company that designs, manufactures, installs and services custom on-site oxygen and nitrogen generators and concentrators for medical and industrial use. ON2’s equipment has been installed in over 25 countries worldwide.
David Johnson, CEO, Imperial Helium said, “Rediscovering and capturing the Steveville blow-out as Imperial’s founding asset is a huge opportunity for Imperial Helium. Steveville has the potential for more than a billion cubic feet of recoverable Helium and will be the first project brought to our Strategic Alliance with ON2 Solutions and Uniper. We have tremendous confidence that Imperial Helium and the Strategic Alliance will be able to bring first commercial helium to the market in the second half of 2022.”
Appointment of Board of Directors
Imperial has appointed several new members to its board of directors, each having distinguished careers across the resource development sectors, and each having held prominent lead positions within a range of successful companies. Their combined experience and expertise will provide the Company with invaluable advice, guidance and support.
Kyler Hardy – Executive Co-Chair. Samuel “Kyler” Hardy is a natural resources focused entrepreneur. He has been involved in the sector for over 19 years with both private and public businesses. During his career he has gained a wide array of natural resource specific experience including diamond driller, project manager, exploration service contractor, business consultant, public company management and investor. He has built businesses from early stage start-ups to advanced operating companies in mining, energy and service providers to these sectors. He was a founder and former CEO of a large geosciences and logistics management business specializing in grassroots to brownfields exploration and development. Mr. Hardy has raised capital, led M&A transactions and developed strategic partnerships globally. He is currently CEO of the Cronin Group, a natural resource focused merchant bank, CEO of Cloudbreak Discovery Plc, Executive Chairman of Imperial Helium Corp., Executive Chairman of Temas Resources Corp, director of Graycliff Resources Ltd. and a director of Hexa Resources Ltd.
David Johnson – Chief Executive Officer and Director. Dr. Johnson has more than 35 years of global, Canadian frontier, and Western Canadian exploration and production experience. Previously, Dr. Johnson worked for Shell Canada, ExxonMobil, Husky Energy, Kuwait Oil Company, KUFPEC, and a public international start-up, which he founded. Dr. Johnson has extensive business development, operations, geoscience research, and technical E&P experience covering 40+ petroleum provinces, with discoveries in Alberta, Saskatchewan, the Canadian Frontiers and the South China Sea. He currently serves as a Director for the Canadian Global Exploration Forum (CGEF), and a Councillor for the Association of Professional Engineers and Geoscientists of Alberta (APEGA).
Brad Hayes – Executive Co-Chair. Dr. Hayes is President of Petrel Robertson Consulting Ltd., a geoscience consulting firm engaged by industry, government, and legal and financial organizations. He joined PRCL in 1996 after 15 years of exploration experience in operating companies, including Shell Canada and Canadian Hunter. Dr. Hayes has a high level of geoscience expertise in unconventional hydrocarbons, including oil sands, tight reservoirs, and shale plays in the Western Canadian Sedimentary Basin and internationally. He is an active member of the Canadian Society of Petroleum Geologists (CSPG) and served as its President in 2001. He currently serves as a Board member for the Canadian Society for Unconventional Resources (CSUR) and recently completed his second three-year term as a Councillor for the Association of Professional Engineers and Geoscientists of Alberta (APEGA). He is also an Adjunct Professor in the Department of Earth and Atmospheric Sciences at the University of Alberta.
Marty Wittstrom – Director. Mr. Wittstrom is a geoscientist with more than 40 years of experience in the oil and gas industry and has held several positions in technical and business leadership, managing important exploration and field development projects in basins in the United States and overseas. Mr. Wittstrom had a 26-year career at Chevron, where he managed projects in most United States onshore basins; he was also the Vice President of International Exploration for Reliance Industries and VP of North America Business Development for the Information Store. At Niko Resources he was the South America Business Unit Manager. Mr. Wittstrom is the current Chairman of the Oil Group, a Houston-based holding company for investments in Latin America in the E&P operations and services sectors.
Peter Putnam – Lead Director. Mr. Putnam is a geologist with over 40 years of varied global experience at both technical and executive levels. Over his career he has been at various times, an employee, an advisor to technical and management teams as well as boards of directors, a board member, and a founder of new companies. Early stage companies started by Peter have raised substantial funds from investors inclusive of large private equity firms, sovereign wealth funds, pension funds and family offices. With experience on six continents, he is currently the President of Hay Valley Resources Ltd. Mr. Putnam holds a Ph.D. from the University of Calgary and is a past-President of the Canadian Society of Petroleum Geologists, a former adjunct professor at the University of Calgary, and a former Councillor of the Association of Professional Engineers and Geoscientists of Alberta (APEGA). He has published widely as an author of scientific articles dealing with various facets of petroleum geology and is a regular guest lecturer at Canadian universities.
Monica Rovers – Director. Ms. Rovers operates an international business advisory firm where she assists organizations to grow through her global business experience and relationships and as a Global Partner at Rainmaker Global Business Development, specializing in Africa and Latin America. Ms. Rovers has been supporting the Canadian Energy sector for a number of years. She was previously Head, Global Energy at Toronto Stock Exchange and TSX Venture Exchange where she helped Energy companies to finance their projects through various sources of financing such as Private Equity, Saudi Aramco Energy Ventures, IFC, Export Development Canada, Alberta-based Innovation funds and organizations and various capital markets. She was Business Development Manager of Energy at Calgary Economic Development where she helped companies to expand their operations and connect with potential partners. She is also helping Alberta-based companies to scale up and expand their operations with Alberta IoT. Ms. Rovers developed and implemented business strategies at Toronto Stock Exchange, Calgary Economic Development and Southern Alberta Institute of Technology and led the diversification strategy for the TSX Venture Exchange in Alberta. Ms. Rovers holds an MBA in Global Management and a Bachelor of Business Administration in Management.
Stephen Burleton – Director. Stephen Burleton, CFA, MBA, ICD.D is an experienced mining executive with significant experience in capital raising, corporate development and strategy. Most recently he was the President & CEO of GT Gold where he brought in Newmont Corporation as a strategic investor. Prior to that he was Vice President, Business Development, at Richmont Mines Inc. prior to Richmont being acquired by Alamos Gold Inc. for US$770 million in November 2017. Mr. Burleton was responsible for the financing at Richmont and worked closely with its executive team in determining the Company’s strategic direction. He has over 18 years of experience in the Canadian investment banking industry as Managing Director of Investment Banking at Wellington West Capital Markets Inc., Scotia Capital Inc. and BMO Capital Markets advising on strategic transactions and executing debt and equity financing for companies in the mining, fertilizer and industrial products sectors. Mr. Burleton is a CFA® Charterholder, has an MBA from York University and received his ICD.D from the Rotman School of Management.
Filing of Preliminary Prospectus
On February 18, 2021, the Company announced that it had closed a brokered private placement of subscription receipts (the “Subscription Receipts”) for gross proceeds of approximately $14 million. The gross proceeds from the sale of the Subscription Receipts were placed in escrow pending satisfaction of certain escrow release conditions (the "Escrow Release Conditions"), being: (a) the Company obtaining a receipt from the securities regulatory authorities in a province of Canada for a final prospectus qualifying distribution of the units of the Company underlying the Subscription Receipts (the “Units”); and (b) the Company obtaining conditional approval from the TSX Venture Exchange to list the common shares of the Company.
The Company is pleased to announce that, on March 18, 2021, it filed a preliminary prospectus qualifying the distribution of the Units. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available electronically at www.sedar.com. The Escrow Release Conditions will not be satisfied until, among other things, a receipt for the final prospectus has been issued.
About Imperial
Imperial is focused on the exploration and development of helium production assets in North America. Driven by Canadian geoscience and engineering expertise, in combination with their proprietary helium well database, Imperial Helium is securing helium assets to meet the growing global helium demand and supply short falls in the market.
READER ADVISORIES
No Offer
This press release is not an offer of the securities for sale in the United States. The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking and Cautionary Statements
Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "will" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release may include, but is not limited to, statements concerning: the exercise of the Company’s option under the Lease Agreement; drilling activities; discovery activities including re-discovering and capturing the Steveville blow-out; activities pursuant to the Strategic Alliance Agreement; the satisfaction of the Escrow Release Conditions and the business plan of the Company, generally, including helium development and extraction. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by Imperial. Although Imperial believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Imperial can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the helium industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, the current COVID-19 pandemic, changes in legislation impacting the helium industry, adverse weather or break-up conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
The forward-looking information contained in this press release is made as of the date hereof and Imperial undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.
David Johnson
Chief Executive Officer
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David Robinson
Chief Financial Officer
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DALLAS--(BUSINESS WIRE)--#midstream--Lucid Energy Group (“Lucid”) today announced the company has commissioned its Red Hills V cryogenic processing plant in the Delaware Basin. The Red Hills V plant has the capacity to process 230 million cubic feet of natural gas per day (MMcf/d) and brings the total capacity of Lucid’s natural gas processing franchise in the northern Delaware Basin to 1.2 billion cubic feet per day.
Complementing its natural gas processing franchise, Lucid also operates more than 2,000 miles of high- and low-pressure pipeline infrastructure. This streamlined and efficient infrastructure network feeds Lucid’s processing and treating complexes, which are capable of producing nearly 150,000 barrels per day of natural gas liquids.
“Now more than ever, producers require reliable and high-quality midstream service providers,” said Lucid CEO Mike Latchem. “We are thrilled to commission Red Hills V and will continue to provide superior service to our customers as they develop the prolific northern Delaware Basin.”
The company’s assets service Eddy and Lea counties in New Mexico, which currently contain the most active drilling rigs in the country. Since 2017, Lucid has commissioned five major natural gas processing plants across its footprint, representing the largest organic growth of any private midstream gas processor in the Permian Basin.
About Lucid Energy Group
Lucid Energy Group is the largest privately held natural gas processor in the Permian Basin, providing the full range of gas midstream services to more than 50 customers in New Mexico and West Texas. Lucid is supported by growth capital commitments from a joint venture formed by Riverstone Global Energy and Power Fund VI, L.P., an investment fund managed by Riverstone Holdings LLC (“Riverstone”), and investment funds managed by the Asset Management Division of The Goldman Sachs Group Inc. (“Goldman Sachs AMD”). Please visit www.lucid-energy.com for more information.
Casey Nikoloric
TEN|10 Group
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Collaboration of Daimler Trucks North America, Portland General Electric reflects critical need to build infrastructure for electrified trucking fleets
OVERLAND PARK, Kan.--(BUSINESS WIRE)--As the automotive industry accelerates the delivery of electrified truck models, Daimler Trucks North America (DTNA) and Portland General Electric (PGE) are teaming up on a first-of-its-kind, public charging station specially designed for medium and heavy-duty electric commercial trucks. Black & Veatch, a leading provider of zero-emission vehicle transportation solutions, is now working to bring the Portland, Oregon, “Electric Island” project online to demonstrate high power charging infrastructure scaled to accommodate electric trucks and their large batteries capable of moving up to 80,000 pounds at highway speeds.
Against the backdrop of the advances in electrified trucking and the push to lower or altogether eliminate transportation’s carbon footprint, the project is scheduled to open this spring near DTNA’s headquarters and will feature nine charging stations. The site also will serve as a testing and innovation location, with plans for more chargers, on-site energy storage, solar power generation, a product and technology showcase building, and chargers capable of up to 1 megawatt of charging capacity. That’s more than four times faster than today’s fastest light-duty vehicle chargers.
On what officially is known as Swan Island, the “Electric Island” joint venture addresses the nexus of electrified trucks and the grid while creating opportunities for tomorrow’s EV drivers and utility customers. Powered by DTNA’s enrollment in PGE’s “Green Future Impact” renewable energy program, the site – and all vehicle charging – will be powered with no greenhouse gas emissions.
“`Electric Island’ is a perfect example of what the future looks like here today. It’s exciting to participate in this collaborative project driving innovation between a private enterprise and the local utility, all on a mission to unlock the potential of zero-carbon transportation options,” said Paul Stith, Black & Veatch’s director of global transportation initiatives.
“Given that transportation is an oversized contributor to pollution and climate-warming emissions, it’s important to ensure charging infrastructure keeps pace with commercial fleet adoption. Lessons learned at Electric Island will help transform thinking for the entire industry,” added Stith, who also serves on the board of the North American Council for Freight Efficiency and of Forth, a leading U.S. organization advancing clean transportation. “Proving the scalability of high-capacity charging infrastructure is critical to demonstrating the path forward for medium and heavy-duty electric vehicles.”
Positive feedback from zero-emission, heavy-duty test and validation fleets is building confidence and generating demand for vehicles. In the North American market alone, according to the Rocky Mountain Institute, zero-emissions freight vehicle availability over the next year is expected to increase from more than 70 models from two dozen manufacturers to at least 85 models from over 30 companies.
As zero-emission vehicle (ZEV) technology matures – particularly in the medium- and heavy-duty space –regulators in some states are providing incentives and increasingly strong mandates that force broader adoption of emissions-free vehicles and trucks. In the United States in June, the California Air Resources Board (CARB) mandated that half the state’s trucks be zero-emission by 2035.
Utilities are responding, viewing the need for charging stations as good both for the environment and business. Black & Veatch’s Strategic Directions: Electric Report – released in October and based on survey feedback from more than 600 electric industry stakeholders – found that the percentage of respondents who consider electrified transportation as a big opportunity to gain future load and revenue spiked 74 percent over 2019, to 21 percent from just 12 percent. An additional 38 percent said it was a good business opportunity.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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New product features a powerful 5.8ghz sensor with a 45+-foot range and easy remote programming for ultimate lighting control
NORTON SHORES, Mich.--(BUSINESS WIRE)--EarthTronics, dedicated to developing innovative energy-saving lighting products that provide a positive economic and environmental impact, introduces its UFO LED Highbay with Networked Lighting Controls to deliver maximum lighting efficiency for 15-to-25-foot mounting heights when replacing up to 400-watt HID fixtures in either the U.S. or Canada.
Available in 5000K with an 80+ CRI for excellent visual acuity and accuracy when working in manufacturing and warehousing applications. EarthTronics UFO LED Highbay fixtures are available in 100 watt, 150 watt, 200 watt and 240 watts, providing 14000 lumens up to 33600 lumens operating at 140 lumens per watt. The die-cast aluminum housing, combined with its unique open center ventilated LED array, allows excellent heat dissipation resulting in high lumen maintenance over its service life. Its high-quality LED chips, powder coat finish and stainless-steel screws provide a corrosion-resistant operation, enabling an exceptional 50,000-hour performance life.
The UFO LED Highbay fixture is DLC Premium, UL/CUL listed, and RoHS compliant. It is also NSF listed for food processing installations and is IP65 rating for wet location use. This product is designed for use in North America. Two electronic driver options are available. One operating at 100 – 277VAC 50-60Hz and another at 100-347VAC 50-60Hz, for use in both the USA and Canada, respectively. 0 – 10 volt dimming function is included with both. UFO LED Highbay also comes with 4kV surge protection built into the fixture and a five-year warranty. Optional accessories include an emergency backup driver, microwave motion sensor and remote-controlled sensor.
Each fixture is designed to accept a simple “twist-on” full featured sensor that allows for simple occupancy sensing as well as daylight harvesting and dim to off functions. Also standard is a 12 volt DC power supply for operating optional network lighting controls.
Ideal for warehouses, manufacturing facilities, auditoriums and gymnasiums, the UFO LED Highbay fixture is designed to operate at temperatures between -40°F and 122°F. The fixture may be accepted for utility rebates in many markets. Consult EarthTronics Rebate Finder for current utility incentives at Rebate Finder - Highbay UFO. For more information about the UFO LED Highbay from EarthTronics, visit LED UFO Highbay or call (866) 632-7840.
About EarthTronics
Dedicated to creating a positive impact for the environment, businesses and consumers, EarthTronics, Inc. is an LED energy efficient solutions company based in Norton Shores, Michigan. EarthTronics offers high-performance EarthBulb LED light bulbs, T8 and T5 linear LEDs, and LED fixtures that are designed for commercial buildings, hotels, restaurants, retail stores and residential homes. All EarthTronics LED products provide energy savings with a solid return on investment for energy retrofits, renovation projects and new construction. More information can be found at www.earthtronics.com.
Brian Bloom
Falls Communications
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DUBLIN--(BUSINESS WIRE)--Power management company Eaton (NYSE:ETN) today announced it has acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software. Green Motion is based in Switzerland.
“Energy transition around the world is rapidly gathering momentum, and Eaton is well positioned to contribute to society and benefit from this important trend,” said Uday Yadav, president and chief operating officer, Electrical Sector, Eaton. “Electric vehicle charging infrastructure is among the areas where we expect to see significant growth over the next decade. Green Motion’s proven charger designs and its advanced power and billing management software are powerful additions to Eaton’s existing energy storage and power distribution offerings.”
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.
Katy Brasser, (216) 232-8869
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Empire’s leadership-driven approach to transforming its safety program has led to a 94% reduction in its Recordable Injury Frequency score and a stronger internal culture
CALGARY, British Columbia--(BUSINESS WIRE)--$BLN #blacklinecollective--Blackline Safety Corp. (TSX.V: BLN), a global leader of gas detection and connected safety solutions, welcomes Empire Southwest, a Caterpillar dealership based in Mesa, Arizona, to its Blackline Collective program, a network of individuals and organizations committed to advancing workplace safety and productivity.
As part of its involvement in Blackline Collective, Empire Southwest shared insight through a video on how strong leadership is the key element for building a safety program and culture, especially in industrial environments where profit and productivity are typically prioritized over workplace safety. Through several safety initiatives driven by its leadership team, Empire Southwest was able to garner strong buy-in and protocol adoption across the organization that resulted in a 94% reduction in its Recordable Injury Frequency score over the course of just three years.
“Any effective safety program starts at the top of an organization, or else it won’t go anywhere,” said Jeff Whiteman, CEO, Empire Southwest. “Safety is more important than productivity and profit. It is leadership’s job to reinforce that message to their people every day and to continue to learn best practices to keep everybody safe. Blackline Collective allows us to learn from each other, which provides a great opportunity to learn from successes and mistakes and drive our safety protocols forward.”
Empire Southwest jumpstarted its top-down safety transformation in recent years with several initiatives, including the formation of a first responder program as well as safety teams at every level of its organization to ensure safety remains a priority during any endeavor. It also organized and regularly conducts town hall meetings where employees are afforded the opportunity to ask questions or provide leadership with recommendations on safety practices and more.
“Empire Southwest is an organization that embodies the meaning of a multi-generation family-owned business and lives it every day — they care about the health and well-being of their people above all other metrics,” said Sean Stinson, Chief Revenue Officer, Blackline Safety. “The lessons that can be learned from Jeff and his team on how leadership drives safety are invaluable. Every organization, no matter its size or industry, can take something away from Empire’s approach to building a safety culture. It’s exactly what we are trying to accomplish through Blackline Collective.”
To learn more about Empire’s safety program and Blackline Collective, visit Collective.BlacklineSafety.com.
About Empire Southwest: Empire Southwest is an authorized Cat® dealer for heavy equipment and power systems throughout Arizona and Southeastern California. In addition, Empire is a provider of commercial SunPower solar products, an authorized AGCO agriculture equipment dealer, and a premiere distributor of Fuso, Maintainer and other leading truck and trailer brands. The third-generation, family owned company was founded in 1950 and has over 2,000 employees across 22 locations. Empire’s affiliate technology companies include SITECH Southwest, Allen Instruments, Take-off Professionals (TOPS), and BuildingPoint West. Learn more about Empire's products, services, partnerships, and careers at www.empirecat.com.
About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 140 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
INVESTOR/ANALYST CONTACT
Cody Slater, CEO
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Telephone: +1 403 451 0327
MEDIA CONTACT
Heather Houston
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Telephone: +1 904 398 5222
Cell phone: +1 386 216 9472
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS representing 100 of its ordinary shares (“Public Offering”).
J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the Public Offering. Piedmont intends to grant the underwriters a 30-day option to purchase up to 225,000 additional ADSs at the issue price of the Public Offering.
Proceeds from the offering will be used to continue development of the Company’s Piedmont Lithium Project, including definitive feasibility studies, testwork, permitting, further exploration drilling, mineral resource estimate updates and ongoing land consolidation, to fund the previously announced strategic investments in Sayona Mining Limited and Sayona Quebec Inc and other possible strategic initiatives, and for general corporate purposes.
The Public Offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the offering of the ADSs has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov and on the ASX website. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the Public Offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.; and Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attention: Syndicate Department, by telephone at (671) 371-3900 or email at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release is not an offer or sale of the securities in the United States or in any other jurisdiction where such offer or sale is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “objective,” “intend,” “should,” “could,” “can,” “would,” “expect,” “believe,” “design,” “estimate,” “predict,” “potential,” “plan” or the negative of these terms and similar expressions intended to identify forward-looking statements. Piedmont cautions readers that forward-looking statements are based on management’s expectations and assumptions as of the date of this news release and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but not limited to, risks related to whether the Company will offer the ADSs or consummate the offering of the ADSs on the expected terms, or at all; the anticipated use of the net proceeds of the offering; the fact that the Company’s management will have broad discretion in the use of the proceeds from any sale of the ADSs; the Company’s operations being further disrupted by, or the Company’s financial results being adversely affected by public health threats, including the novel coronavirus pandemic; the Company’s limited operating history in the lithium industry; the Company’s status as an exploration stage company; the Company’s ability to identify lithium mineralization and achieve commercial lithium mining; mining, exploration and mine construction, if warranted, on the Company’s properties; the Company’s ability to achieve and maintain profitability and to develop positive cash flow from the Company’s mining activities; the Company’s ability to enter into and deliver product under supply agreements; investment risk and operational costs associated with the Company’s exploration activities; the Company’s ability to access capital and the financial markets; recruiting, training and maintaining employees; possible defects in title of the Company’s properties; potential conflicts of interest of the Company’s directors and officers; compliance with government regulations; the Company’s ability to acquire necessary mining licenses, permits or access rights; environmental liabilities and reclamation costs; volatility in lithium prices or demand for lithium; the Company’s ADS price and trading volume volatility; risks relating to the development of an active trading market for the ADSs; ADS holders not having certain shareholder rights; ADS holders not receiving certain distributions; and the Company’s status as a foreign private issuer, including the effects of our proposed redomiciliation from Australia to the United States on such status and subsequent status as a domestic issuer, and emerging growth company. Forward-looking statements reflect its analysis only on their stated date, and Piedmont undertakes no obligation to update or revise these statements except as may be required by law.
About Piedmont
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class integrated lithium business in the United States, enabling the transition to a net-zero world and the creation of a clean energy economy in America. Our location in the renowned Carolina Tin Spodumene Belt of North Carolina, the cradle of the lithium industry, positions us to be one of the world’s lowest cost producers of lithium hydroxide, and the most strategically located to serve the fast-growing US electric vehicle supply chain. The unique geographic proximity of our resources, production operations and prospective customers places us on the path to be among the most sustainable producers of lithium hydroxide in the world and should allow Piedmont to play a pivotal role in supporting America’s move to the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.
Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
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Julian B. Wills appointed President and COO; Lock Wills to remain Executive Chairman of the Board
LA PLATA, Md.--(BUSINESS WIRE)--The Wills Group, a family-owned company headquartered in La Plata, Maryland, today announced the appointment of Julian B. (Blackie) Wills, III as President and Chief Operating Officer, effective April 1, 2021. Lock Wills, who has served as President, Chief Executive Officer, and Chairman of the Board for the Wills Group, remains Executive Chairman of the Board.
The announcement comes as part of the company’s succession planning efforts, following its renewed focus over the last five years to expand its retail line of businesses, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels.
As President and Chief Operating Officer, Blackie Wills will take the lead on all day-to-day operations of the Wills Group and its businesses, reporting to Lock Wills and the Wills Group Board of Directors.
For the past four years, Blackie Wills has served as Executive Vice President, Convenience Retailing, leading the transformation of the company’s Dash In and Splash In ECO Car Wash retail operations across Delaware, Maryland, and Virginia. In addition, Blackie Wills led the company’s real estate portfolio and brand marketing activities.
“Under Blackie’s leadership of Dash In, we introduced the neighborhood store concept, refreshed the customer experience, and launched Dash In’s fresh Craveable made-to-order sandwiches. As a result, Dash In was recently honored by Convenience Store Decisions with its Best Foodservice Launch Award in 2020,” said Lock Wills. “Blackie also reimagined and restructured the company’s real estate and development efforts to enable the expansion of both our Dash In Food Store and Splash In ECO Car Wash offerings with a vision toward the future. These are prime examples of what the Wills Group is capable of when we lean into and embrace innovation.”
This year the Wills Group also reached a milestone anniversary, celebrating its 95th year in business across the Mid-Atlantic.
“For nearly a decade, the Wills Group has been on a mission to serve – our customers, our communities and each other,” said Blackie Wills, incoming President and Chief Operating Officer of the Wills Group. “I am grateful to those who lit the path before me and am honored to step into this role to lead the company in writing the next chapters of our great history.”
About Wills Group, Inc.
Headquartered in La Plata, Maryland, the Wills Group has nearly 300 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.
Tara Handy
The Wills Group
301-246-3734
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Jim Healy
Alluvus
202-321-5808
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KANSAS CITY, Mo.--(BUSINESS WIRE)--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced that Rebecca Sandring and Valerie Jackson have been recognized by industry organizations for their leadership and accomplishments.
Rebecca (Becky) Sandring, CorEnergy’s Executive Vice President, Treasurer and Secretary, has been named by Kayo, an organization of professional women in the investment industry, as one of 21 in ‘21: Women in Infrastructure Investing. In addition to her role as a co-founder of CorEnergy – the first publicly listed REIT focused on energy infrastructure – Ms. Sandring was also recognized for having successfully secured two Private Letter Rulings (PLRs) from the Internal Revenue Service and for her crucial role in the acquisition of CorEnergy’s various REIT-qualifying assets since the company’s inception.
Valerie Jackson, Vice President of Engineering and Regulatory Compliance, has been named to a two-year term on the Pipeline Safety Advisory Committee for California’s Office of the State Fire Marshal (OSFM). Ms. Jackson is one of only two representatives of pipeline operators on the committee, which was established to inform local agencies and pipeline operators of changes in applicable laws and regulations affecting the operation of pipelines in California. The committee also reviews proposed hazardous liquid pipeline safety regulations on a regular basis.
Dave Schulte, CorEnergy’s Chief Executive Officer, said, “I couldn’t be more pleased than to have both Becky and Valerie be recognized by their peers. CorEnergy is fortunate to have two such outstanding executives on our team. Our company’s success depends on the stakeholder relationships fostered by both of these talented leaders.”
About CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way. For more information, please visit corenergy.reit.
Source: CorEnergy Infrastructure Trust, Inc
CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen or Matt Kreps
877-699-CORR (2677)
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