EyeTracking’s software solutions are now compatible with Varjo’s mixed and virtual reality headsets, enabling behavioral insights from immersive training, surgical simulations, and human-machine interface development.

SAN DIEGO--(BUSINESS WIRE)--EyeTracking announced today that its newly released training solutions are now compatible with Varjo’s VR/XR headsets. For over two decades, the EyeTracking team has been developing tools that translate eye movements and cognitive workload metrics into actionable insights about human behavior. This technology adds value in any context that involves human-machine interaction, from hospitals to military bases and everywhere in between.

EyeTracking recently launched new training-focused solutions tailored for simulation environments including PilotReady™, SurgeonReady™, DriverReady™ and SystemReady™ (for any complex human-machine interface). These applications help assess human performance accurately, pinpoint distractions and cognitive overload, and reveal how both the operators and the interface can improve.

Now, EyeTracking has made their software compatible with Varjo’s virtual and mixed reality headsets, including the new Varjo XR-3 and VR-3. With Varjo devices and EyeTracking’s solutions, professionals can gain objective human-performance metrics from the most demanding VR/AR/XR simulation scenarios.

“We are thrilled to partner with Varjo to create an incredibly rich and effective VR-based training solution,” says James Weatherhead, CTO, and President of EyeTracking. “Varjo enables experiencing the highest-quality virtual environment possible, and we give instructors the tools to help their students master that environment.”

Pioneering solutions for VR-based training and assessment

With the industry’s highest resolution across the widest field of view, Varjo headsets power true-to-life VR applications and keeps trainees fully immersed and engaged. Trainees can replicate the exact feeling and conditions of real-life scenarios. All Varjo headsets also feature built-in eye tracking at 200 Hz.

Combining Varjo’s industrial-grade hardware with EyeTracking’s analytics platform, organizations can now objectively measure the proficiency of personnel as they progress through their VR-based training programs.

“We are thrilled to welcome EyeTracking to our Varjo-ready software ecosystem. Together, our hardware and software tools enable unprecedented training and research opportunities for professionals across industries,” says Geoff Bund, head of business development at Varjo.

About EyeTracking LLC

EyeTracking, based in Solana Beach, CA, has pioneered the field of applied eye-tracking research for over two decades, transforming scientific advances into practical tools that put people and systems in perfect sync.

EyeTracking LLC
Cassie Davis
+1 619.955.1988
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The City of Santa Fe implemented energy efficiency measures in city facilities to create long-term energy and operational cost savings

FRAMINGHAM, Mass. & SANTA FE, N.M.--(BUSINESS WIRE)--#cityofsantafe--Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced the completion of an energy efficiency project with the City of Santa Fe, N.M. The partnership was established to upgrade city facilities to be more energy efficient and in turn generate energy and operational cost savings for Santa Fe over the course of the next decade.

The city identified nine improvement areas for the energy project, which would address the immediate needs of public city facilities. The energy efficiency improvements slated for these facilities included roof replacements, parapet and EFIS wall repairs, as well as power conditioning, pool repair and building automation, scheduling and commissioning. Ameresco also helped Santa Fe upgrade inefficient HVAC units used to heat and cool the Genoveva Chavez Community Center (GCCC) facility and replaced the original 20-year-old conditioned air handling equipment.

Through the implementation of these cost-effective energy efficiency measures, the city is expected to amass an annual electricity and natural gas savings of $88,649. Since the completion of the project, the City of Santa Fe has seen a noticeable improvement in air circulation and temperature regulation, as well as upgraded air conditioning controls in unserved or underserved areas of city facilities.

“The professionalism of the Ameresco staff and team members was exceptional—the knowledge, expertise, and can do attitudes spoke volumes about Ameresco’s commitment to excellence,” said Jerry L. Schilling acting Complex Manager/Recreation Section Manager for Facility Operations for the Genoveva Chavez Community Center. “The GCCC and City of Santa Fe COSF were pleased with the outcome and look forward to partnering with Ameresco on future projects.”

Additionally, Ameresco recently signed a contract with the City of Santa Fe to help the city with facility maintenance and capital planning needs and to identify potential funding strategies to update its infrastructure.

“We are grateful to have had the opportunity to partner with the City of Santa Fe to implement important infrastructure upgrades throughout the city. Recently designated as a LEED Gold city by the U.S. Green Building Council, this project ensures that the City of Santa Fe will generate substantial energy cost savings while supporting the city’s long term sustainability objectives,” said Bob Georgeoff, Executive Vice President of Ameresco.

Construction for the project was completed in October 2020.

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into a contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. The construction project was completed as of December 31, 2020.

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "North America Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects" report has been added to ResearchAndMarkets.com's offering.

The total number of oil and gas projects in North America expected to start operations from 2021 to 2025 are 603. Of these, upstream production projects constitute 104, midstream projects constitute 333, refinery projects constitute 23, and petrochemical projects constitute 143.

Scope

• Updated information on oil and gas, planned and announced projects in North America with start years up to 2025
• Provides projects breakdown by sector, project type, and project stage at country level
• Provides key details such as project development stage, capacity, and project cost for planned and announced projects in North America, wherever available
• Provides EPC contractor, design/FEED contractor, and other contractor details for oil and gas projects, wherever available

Reasons to Buy

• Obtain the most up to date information available on planned and announced projects in North America across the oil and gas value chain
• Identify growth segments and opportunities in the North American oil and gas industry
• Facilitate decision making based on strong oil and gas projects data
• Assess key projects data of your competitors and peers

Key Topics Covered:

1. Introduction

1.1 What is this Report About?

1.2 Market Definition

2. Oil and Gas Projects Outlook in North America

2.1 Oil and Gas Projects in North America, Overview of Projects Data

2.2 Oil and Gas Projects in North America, Projects by Sector

2.3 Oil and Gas Projects in North America, Projects by Type

2.4 Oil and Gas Projects in North America, Projects by Stage

2.5 Oil and Gas Projects in North America, Projects by Country

3. Oil and Gas Projects Outlook in the US

3.1 Oil and Gas Projects in the US, Overview of Projects Data

3.2 Oil and Gas Projects in the US, Projects by Sector

3.3 Oil and Gas Projects in the US, Projects by Type

3.4 Oil and Gas Projects in the US, Projects by Stage

3.5 Oil and Gas Projects in the US, Projects Development Stage, Capacity, Project Cost, and Contractor Details

4. Oil and Gas Projects Outlook in Canada

4.1 Oil and Gas Projects in Canada, Overview of Projects Data

4.2 Oil and Gas Projects in Canada, Projects by Sector

4.3 Oil and Gas Projects in Canada, Projects by Type

4.4 Oil & Gas Projects in Canada, Projects by Stage

4.5 Oil and Gas Projects in Canada, Projects Development Stage, Capacity, Project Cost, and Contractor Details

5. Oil and Gas Projects Outlook in Mexico

5.1 Oil and Gas Projects in Mexico, Overview of Projects Data

5.2 Oil and Gas Projects in Mexico, Projects by Sector

5.3 Oil and Gas Projects in Mexico, Projects by Type

5.4 Oil & Gas Projects in Mexico, Projects by Stage

5.5 Oil and Gas Projects in Mexico, Projects Development Stage, Capacity, Project Cost, and Contractor Details

6. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/hopsw2

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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— 1.5 million meals to feed Texans in need —

HOUSTON--(BUSINESS WIRE)--#Reliant--Reliant is providing $500,000 to local food banks across the state to support Texans in need following Winter Storm Uri and its ongoing impact on food shortages and increased demand. Food insecurity is a real threat to many residents as they face unexpected expenses to make home repairs and replace spoiled food as a result of the extreme weather. Eighteen food banks across the state will receive support, providing a total of 1.5 million meals to the communities they serve.

“Texas food banks are an essential lifeline to so many in our communities, and the recent winter storm coupled with the ongoing COVID-19 pandemic has made their services even more critical,” said Elizabeth Killinger, president, Reliant. “Supporting our neighbors in need, across communities large and small, is part of who we are as a company and we hope our efforts will help as we recover together.”

Food banks receiving support include:

“Reliant is a good friend and partner to the Houston Food Bank, supporting us with volunteer hours and donations throughout the year, plus in times of disaster, such as what Houston and Texas recently experienced with the winter storm,” says Brian Greene, president and CEO of the Houston Food Bank. “It makes a difference to know we can rely on dedicated partners to help us provide food for better lives when our fellow Texans and Houstonians need it most. This donation from Reliant will provide 450,000 meals to Houstonians and residents of surrounding areas at this crucial time.”

The pandemic impacted the Houston Food Bank’s distribution, increasing from 400,000-500,000 pounds of food per day prior to the pandemic to 800,000 pounds per day. With the latest winter storm response, the organization is distributing up to one million pounds of food per day.

The donation is part of the initial $3 million commitment from Reliant and parent company NRG Energy, Inc. to address food and water shortages, temporary or damaged housing and the overall recovery effort across Texas. The commitment includes support for disaster relief organizations and the Houston Harris County Winter Storm Relief Fund, established by the City of Houston and Harris County and jointly administered by United Way of Greater Houston and the Greater Houston Community Foundation. To support customers affected by the storm, Reliant also donated an additional $500,000 to its CARE Program to assist residential customers in paying electricity bills.

About Reliant, an NRG company

Reliant powers, protects and simplifies life by bringing electricity, security and related services to homes and businesses across Texas. Serving customers and the community is at the core of what we do, and the company is recognized nationally for outstanding customer experience. Reliant is part of NRG, a Fortune 500 company that creates value by generating electricity and providing energy solutions to more than 3.5 million residential and commercial customers across the U.S. and Canada. NRG’s competitive residential electricity business, which includes Reliant, is one of the largest in the country. For more information about Reliant, visit reliant.com and connect with Reliant on Facebook at facebook.com/reliantenergy and Twitter or Instagram @reliantenergy. PUCT Certificate #10007.

Media Contact:
Megan Talley
713-537-2160
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New partnership between electric car brand and EV charging network debuts with a revolutionary seamless in-car charging app.

CAMPBELL, Calif. & MAHWAH, N.J.--(BUSINESS WIRE)--#Bethechange--ChargePoint, a world leading electric vehicle (EV) charging network, and Polestar Cars, the electric automotive brand from Sweden, today announced the creation of a new charging partnership, streamlining mutual efforts to enable a seamless ownership experience for drivers of electric vehicles. The partnership debuts alongside the first product innovation from the brand collaboration: an embedded charging app for the Polestar 2 electric fastback.

The two companies are collaborating to improve the driver experience and debunk the charging myths which block mainstream adoption of electric cars. As a result of the partnership, they are enabling Polestar drivers to focus on the enjoyment of driving an electric car, specifically by making the charging experience even easier than the old way of fueling. The collaboration offers solutions to charge at home, work, around town or on trips, all accessed directly in the Polestar 2 infotainment system.

“We are thrilled to bring our customers access to thousands of charging locations across America, matched with a premium home charger offering for the convenience of always leaving with a full battery,” said Gregor Hembrough, Head of Polestar USA. “With many of our customers switching over directly from internal combustion, charging is a central component of our consumer education process and the overall customer experience. We know ChargePoint is the right partner for this critical need and the new app signals our intent to co-develop new technologies for the benefit of our customers.”

“The transition to electric is well underway and the future of mobility is proving to be more efficient, easy and connected than ever before, and our partnership with Polestar is an example of this shift,” said Bill Loewenthal, Senior Vice President, Product, ChargePoint. “Not only does our partnership with Polestar provide drivers easy access to thousands of level 2 and DC fast places to charge across North America, the in-vehicle integration of the ChargePoint app brings our comprehensive charging ecosystem seamlessly into the in-vehicle experience. This partnership with Polestar is one of the first such integrations, and will serve as a blueprint for further collaborations between the two companies.”

Highlights of the Polestar and ChargePoint Partnership Include:

New In-Car ChargePoint App for the Polestar 2

The new ChargePoint app for the Polestar 2 eliminates the need to pull out your smartphone, RFID card or other method to charge your EV. The Polestar 2 revolutionizes the in-car experience thanks to the world debut of Google’s Android Automotive Infotainment System (OS) and the collaboration between Polestar and ChargePoint takes this to the next level via seamless integration of the ChargePoint app. The ChargePoint app, available later this week in Google Play, embeds directly into the Polestar 2 infotainment system. The app provides an easy way for drivers to find and navigate to available stations, start a charging session from the vehicle and pay if required, all via the center screen in the Polestar 2.

Public Charging Benefits

Access to North America’s largest network ensures drivers will be able to charge wherever they go and whenever they need charging. ChargePoint’s network offers a range of charging solutions, from level 2 to DC fast charging, at destinations where a driver tends to spend time during a normal day like at retail locations and workplaces, if they need a quick top up, or when taking a road trip.

Another key element of the partnership ensures that Polestar drivers will be able to access most of ChargePoint’s more than 100,000 places to charge, and thousands of additional public charging spots through roaming agreements with other major charging networks in North America.

Home Charging Benefits

For those wanting the convenience of leaving home on a full charge, Polestar drivers will be able to order the top-rated ChargePoint Home Flex home charger alongside the purchase of any Polestar vehicle. As more than 80-percent of charging takes place at home and work, the seamless ordering process ensures that drivers are able to purchase and arrange for home installation of the Home Flex before they take delivery of their Polestar car. This e-commerce solution is enabled by the fact that a Polestar car can be purchased fully online, from the comfort of home. The ChargePoint Home Flex is one of the market’s fastest, most flexible home chargers available with the ability to deliver up to 50 amps of current, which is adjustable to match to any home’s electrical supply today and into the future.

For more information, watch this video or visit https://www.chargepoint.com/polestar/.

For images and other media information, visit polestar.com/press.

About ChargePoint

ChargePoint is creating the new fueling network to move all people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and most complete portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 88 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact ChargePoint’s This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. press offices or This email address is being protected from spambots. You need JavaScript enabled to view it..

About Polestar

Polestar is the independent Swedish premium electric performance car brand founded by Volvo Cars and Geely Holding. Established in 2017, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result. The company is headquartered in Gothenburg, Sweden, and retails its vehicles in ten global markets across Europe and North America, and in China.

Polestar produces two electric performance cars. The Polestar 1 is a low-volume electric performance hybrid GT with a carbon fiber body, 619 hp, 738 ft.-lb. and an electric-only range of 60 miles – the longest of any hybrid car in the world. The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. Polestar 2 launched in 2020 with an all-wheel drive electric powertrain that produces 408 hp and 487 ft.-lb., with a maximum range of 233 miles (292 miles WLTP).

In the future, the Polestar 3 electric performance SUV will join the portfolio, as well as the Precept – a design study vehicle released in 2020 that is slated for future production. Precept showcases the brand’s future vision in terms of sustainability, digital technology and design.

ChargePoint
Darryll Harrison, Jr.
Senior Director, Global Communications and Social Media
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Olivia Marcinka
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Polestar
John Paolo Canton
Public Relations and Communications, North America
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VIRTUAL SESSION

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct a Special meeting virtually on Thursday, March 11, 2021, at 11:00 a.m. The agenda for the Special Meeting is available at http://porthouston.com/leadership/public-meetings/.

Sign-up for public comment is available up to an hour before the meeting 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..

The Executive Office Building is closed to the general public; however, the public can participate virtually via Webex, accessed as provided on the following page. Pursuant to Governor Abbott’s action of March 16, 2020, allows these virtual and telephonic open meetings to maintain government transparency.

The next regular Port Commission meeting is scheduled for March 23.

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is 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. The Port of Houston 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 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.

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The partnership, leveraging Lepton’s global VSAT Network designed for small terminals, aligns with global need for networks that accommodate disadvantaged terminals.

MCLEAN, Va.--(BUSINESS WIRE)--Lepton Global Solutions (www.leptonglobal.com), a Kymeta company, and leading provider of satellite-based customized turn-key communications solutions and services, announced today a strategic partnership with Satcube (www.satcube.com). The partnership will add Satcube’s class of extremely small VSAT terminals to the company’s global satellite network, which is engineered to support terminal aperture sizes down to 45cm. In turn, Lepton Global Solutions will offer Satcube Ku terminals globally as a comms-on-the-pause (COTP) solution that are complementary with the Kymeta™ u8 comms-on-the-move (COTM) offering, running both on the same frequencies with easily transportable and operated hardware.

Together, Lepton Global Solutions and Satcube are challenging the traditional ways satellite communications are delivered and consumed through highly automated, easily transportable products low in size, weight, and power. The goal of the partnership is to deliver world-class technology and services to defense, public safety, and commercial customers globally. Both the Satcube and the u8 terminal are designed to fulfill tactical, easy-to-use operational requirements. Their differing form factors and capability sets address differing applications of users on the move.

“Most commercial satellite service networks are designed for larger aperture antennas that operate at broadside, which means that smaller, flat panel terminals like the Satcube and u8 are not globally supported,” said Isabel LeBoutillier, Vice President of Kymeta Connect and Government Programs. “Our network has been built from the ground up to accommodate the technical requirements of this newer class of extremely small, flat-panel VSAT terminals. The partnership with Satcube will allow us to deliver superior connectivity options for more applications to our mobile customers.”

“This partnership will allow our companies to better meet the requirements of our complementary customers and provide solutions that fit the needs of a broader audience,” said Jakob Kallmer, Satcube CEO and founder. “Our relationship with Lepton will enable Satcube to provide a more seamless and reliable connectivity experience to our customers globally, and we couldn’t be more thrilled to be working together.”

Satcube Ku is an all-in-one compact carry-on satellite terminal with a flat antenna the size of a large laptop. The terminal enables users to create an easy-to-use Wi-Fi hotspot and receive high-speed broadband connection in less than one minute to execute critical, on the spot work assignments and communications.

Lepton Global Solutions and Satcube leverage Kymeta Broadband, which is the first satellite service designed to serve the unique characteristics of flat panel antennas used in land-mobile applications. Built from the ground up and software defined for disadvantaged terminals and antennas, the service ensures that customers stay connected without latency or throughput challenges. Customers receive capacity through a managed network that aggregates multiple satellite providers and hundreds of operators for global coverage.

Lepton’s network offering for these terminals includes global customized CIR plans as well as Kymeta Broadband’s satellite 5x2 MIR and hybrid satellite-cellular options. Service may be purchased for individual terminals or shared among multiple terminals.

About Lepton Global Solutions:

Lepton Global Solutions, a Kymeta company, specializes in the engineering and delivery of customized, yet cost-effective, turnkey satellite communications solutions to commercial and government customers. Lepton’s end-to-end solutions, which go beyond managed satellite services to include VSAT equipment installation, 24×7 technical support and customized back end IT infrastructure, are tailored to meet customer-specific needs.

Lepton is headquartered outside of Washington, D.C. in Tysons Corner, Virginia.

For additional information, please visit www.leptonglobal.com.

Business Inquiries for Lepton Global Solutions:
Jon Maron
Vice President of Marketing and Communications
Lepton Global Solutions
+1 425.658.8827
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Media Inquiries for Lepton Global Solutions:
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The Summit Group
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SAN DIEGO--(BUSINESS WIRE)--#acep--XENDEE Corporation, Idaho National Laboratory (INL), and the Alaska Center for Energy and Power (ACEP) have been granted funding to assess the viability of tidal, wave, and river/ocean current technologies for powering remote Alaskan Communities as well as generate a framework for their integration in modeling platforms. This project, launched in part with seed money from the U.S. Department of Energy’s Water Power Technologies Office, is intended to tap into regional sources of energy to reduce costs and dependency on imported fossil fuels as well as to enhance local resilience and sustainability.

“Several grid-islanded Alaskan communities have the potential to harness significant hydrokinetic power,” said Thomas Mosier, Energy Systems Group Lead at Idaho National Laboratory. “The implementation of Microgrids in these areas would diversify local energy profiles with the potential in many communities to keep costs flat while reducing environmental impact and the dependence on diesel.”

The project team will first generate a database of grid-islanded communities that are strong candidates for this type of technology and currently have a heavy reliance on diesel burning generators for power generation. The project team will then assess the strategy and integration methods related to implementing marine hydrokinetic technologies in an islanded grid facing arctic weather conditions.

“The decision framework that will be developed for this effort will provide a systematic basis for recommending potential microgrid configurations,” said Shiloh Elliott, Modeling and Simulation Scientist at Idaho National Laboratory. “Those configurations will utilize local reliable energy sources to increase community power resilience and diversify power profiles to isolated and vulnerable Alaskan communities.”

Finally, the project team will be enhancing XENDEE, the Microgrid decision support platform of choice, to include capabilities for marine hydrokinetic technologies.

“The introduction of marine hydrokinetic technologies to the XENDEE software platform offers a quick and reliable way for Microgrid designers to experiment with new DER technologies and test the viability and bankability of Microgrid projects before breaking ground,” said Michael Stadler CTO of XENDEE. “In fact, with the new technologies integrated, our team will be able to easily examine the use of other technologies as well, such as hydropower or wind energy to supplement the islanded communities.”

About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience; from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.

About Idaho National Laboratory: INL is a U.S. Department of Energy (DOE) national laboratory that performs work in each of DOE’s strategic goal areas: energy, national security, science and environment. INL is the nation’s center for nuclear energy research and development. Day-to-day management and operation of the laboratory is the responsibility of Battelle Energy Alliance.

See more INL news at: www.inl.gov

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About Alaska Center for Energy and Power: The Alaska Center for Energy and Power (ACEP) based at the University of Alaska Fairbanks is dedicated to applied energy research and testing focused on lowering the cost of energy throughout Alaska and developing economic opportunities for the State, its residents, and its industries.

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• Fiscal 2020 sales of $1.0 billion
• Fourth quarter GAAP diluted EPS of $(0.11)
• Fourth quarter and full Year adjusted EPS of $0.19 and 0.76, respectively, excluding non-cash, one-time items and tax normalization
• $117.4 million in cash and cash equivalents
• Free cash flow for the year of $101.1 million
• Closed six acquisitions during the year with approximately $145 million in trailing twelve months net sales

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020. The following are results for the three and twelve months ended December 31, 2020, compared to the three and twelve months ended December 31, 2019 and the three months ended September 30, 2020, where appropriate. A reconciliation of the non-GAAP financial measures can be found in the back of this press release.

Fourth Quarter 2020 financial highlights:

• Sales grew 5.7 percent sequentially to $232.7 million, compared to $220.2 million for the third quarter of 2020.
• Earnings per diluted share for the fourth quarter was $(0.11) based upon 17.8 million diluted shares, compared to $0.12 per share in the fourth quarter of December 31, 2019, based on 18.4 million diluted shares. Excluding inventory impairment charges of $11.5 million and $5.4 million in debt extinguishment costs, earnings per diluted share was $0.19 per share, assuming a 22.9% tax rate.
• Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the fourth quarter of 2020 was $13.6 million versus $13.7 million for the third quarter of 2020 and $14.0 million for the fourth quarter of 2019.
• Free cash flow (cash flow from operating activities less capital expenditures) for the fourth quarter of 2020 was $15.3 million

Fiscal Year 2020 financial highlights:

• Sales were $1.0 billion, compared to $1.3 billion for 2019.
• Earnings per diluted share for 2020 of $(1.62) based upon 17.7 million basic shares, compared to $1.96 per share in 2019, based on 18.4 million diluted shares. Excluding non-cash impairment and other one-time charges of $59.9 million and $5.4 million in debt extinguishment costs, earning per diluted share was $0.76 per share, assuming a 22.5% tax rate.
• Adjusted EBITDA for 2020 was $59.8 million compared to $93.6 million for 2019. Adjusted EBITDA as a percentage of sales was 5.9 percent and 7.4 percent, respectively.
• Free cash flow for the full year was $101.1 million
• Closed six acquisitions including four on December 31st, Total Equipment Company, APO Pumps & Compressors, Corporate Equipment Company and Pumping System, Inc.

David R. Little, Chairman and CEO commented, “We are pleased with our fourth quarter results and strong finish to the year as evidenced by closing FY2020 with the refinancing of our Term Loan B and completing four acquisitions. FY2020 was a unique year and presented corporate, societal and individual challenges. Despite the many personal and operational hurdles imposed by the COVID-19 pandemic, DXPeople focused their efforts on creating a better customer experience, improving our culture of belonging and driving profitable growth in our key products and services. DXP's resiliency is evident in our financial results; gross margin expansion, working capital improvement, and delivering sequential growth in the fourth quarter.

DXP's fiscal 2020 total sales were $1.0 billion. Service Center sales were $663 million, followed by Innovative Pumping Solutions at $188 million in sales and Supply Chain Services with $155 million in revenue."

Mr. Little continued, "During the fourth quarter, we grew 5.7 percent sequentially after our sales trough during the third quarter. In the fourth quarter, we achieved $232.7 million in sales, including $4.7 million from acquisitions. We delivered an excellent fourth quarter performance in the midst of continued virus surges and finished the year with good results on all fronts. I am very proud of the entire DXP team for their passion, commitment and teamwork and delivering outstanding service and support to our customers. Our acquisitions bring more exceptional companies to the DXP family. We are entering 2021 with a stronger team, balance sheet and great momentum. As we turn the page to 2021, end markets are showing signs of recovery but the full year economic outlook remains uncertain. We remain focused on those items under our control; investing in key end markets, products and operations; delivering a great customer experience, and building a culture of productivity and high performance. We remain confident in our ability to execute our strategy and deliver a strong performance and growth in 2021 and beyond."

Kent Yee, CFO commented, "Overall, we are pleased with our fourth quarter and full year results. Never before have we encountered a global pandemic, mixed with societal and other challenges. In the midst of such an environment, we generated over $101 million in free cash flow, maintained the health and safety of our employees and executed on our acquisition program closing four acquisitions at year-end, bringing that to a total of six acquisitions in fiscal 2020. We delivered financial results that display our ability to adjust to the current levels of activity while keeping our eyes toward the future with proactive actions including refinancing our term loan and completing four strategic transactions. We successfully refinanced our Term Loan B and raised $330 million that matures in 2027. As of December 31, 2020, we had $117.4 million in cash and cash equivalents on the balance sheet. Our senior leverage was 3.2:1, well under our covenant limit of 5.75:1. We have momentum going to fiscal 2021 and we expect to drive organic and acquisition driven growth."

Financial Strength and Liquidity

Net debt, calculated as total long-term debt, net of cash and cash equivalents, on our balance sheet as of December 31, 2020, was $212.6 million compared to $190.2 million at December 31, 2019. As of December 31, 2020, DXP has approximately $249.2 million in liquidity, consisting of $117.4 million in cash on hand and approximately $131.9 million in availability under our ABL facility.

We will host a conference call regarding December 31, 2020 fourth quarter results on the Company’s website (www.dxpe.com) Tuesday, March 9, 2021 at 10:30 am CST. Web participants are encouraged to go to the Company’s website at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. The online archived replay will be available immediately after the conference call at www.dxpe.com.

Non-GAAP Financial Measures

DXP supplements reporting of net income with non-GAAP measurements, including EBITDA, adjusted EBITDA, free cash flow, non-GAAP net income and net debt. This supplemental information should not be considered in isolation or as a substitute for the unaudited GAAP measurements. Additional information regarding EBITDA, free cash flow and non-GAAP net income referred to in this press release are included below under "Unaudited Reconciliation of Non-GAAP Financial Information."

The Company believes EBITDA provides additional information about: (i) operating performance, because it assists in comparing the operating performance of the business, as it removes the impact of non-cash depreciation and amortization expense as well as items not directly resulting from core operations such as interest expense and income taxes and (ii) the performance and the effectiveness of operational strategies. Additionally, EBITDA performance is a component of a measure of the Company’s financial covenants under its credit facility. Furthermore, some investors use EBITDA as a supplemental measure to evaluate the overall operating performance of companies in the industry. Management believes that some investors’ understanding of performance is enhanced by including this non-GAAP financial measure as a reasonable basis for comparing ongoing results of operations. By providing this non-GAAP financial measure, together with a reconciliation from net income, the Company believes it is enhancing investors’ understanding of the business and results of operations, as well as assisting investors in evaluating how well the Company is executing strategic initiatives.

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic and the impact of low commodity prices of oil and gas; the Company’s business, the Company’s future profitability, cash flow, liquidity, and growth. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; decreases in oil and natural gas prices; decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, economic risks related to the impact of COVID-19, ability to manage changes and the continued health or availability of management personnel and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Business segment financial highlights:

• Service Centers’ revenue for the fiscal year was $662.6 million, a decrease of 13.1 percent year-over-year with a 10.6 percent operating income margin.
  • Revenue for the fourth quarter was $161.3 million, a decrease of 11.6 percent year-over-year with a 10.9 percent operating income margin.
• Innovative Pumping Solutions’ revenue for the fiscal year was $188.0 million, a decrease of 38.1 percent year over year with an 10.0 percent operating income margin.
  • Revenue for the fourth quarter was $35.6 million, a decrease of 45.8 percent year-over-year.
• Supply Chain Services’ revenue for the fiscal year was $154.7 million, a decrease of 23.2 percent year-over-year with a 8.5 percent operating margin.
  • Revenue for the fourth quarter was $35.8 million, a decrease of 24.4 percent year-over-year with a 9.0 percent operating income margin.

Kent Yee
Senior Vice President, CFO
713-996-4700
www.dxpe.com

Large-Scale Solar Leads PG&E’s Renewable Power Mix

Customer Rooftop Solar Rises to More than 535,000 Customers, Accounting for Nearly 20% of Nation’s Residential Solar

Company Adding More Grid-Scale and Customer-Connected Battery Energy Storage

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) exceeded California’s Renewables Portfolio Standard (RPS) goal requiring energy providers to deliver 33% renewable energy by the end of 2020. PG&E estimates that it delivered over 35% from specified eligible-renewable resources to its customers last year, according to its recent Form 10-K. Overall, more than 88% of the electricity PG&E delivered to its customers last year came from greenhouse gas (GHG)-free resources, including eligible-renewable, nuclear and large hydroelectric energy.

“As we pass this major mile-marker of 33% RPS on the road to our clean energy future, it’s a great example of how we’re delivering on our Triple Bottom Line of serving people, the planet and California’s prosperity. More renewable energy on the electric grid helps us ensure cleaner air and better health for our customers while also helping California secure a robust, clean-energy economy for all. We are proud to have one of the cleanest energy portfolios in the nation,” said PG&E Corporation Chief Executive Officer Patti Poppe.

PG&E’s diverse renewable energy portfolio includes these RPS-eligible resources: solar, wind, bioenergy, geothermal and small, eligible-renewable hydroelectric (30 megawatts or smaller) power.

Solar Power Growth

At 45%, large-scale solar energy accounts for the largest portion of PG&E’s total renewable energy power mix. The company has 239 RPS-eligible power purchase contracts, representing over 6,700 megawatts (MWs) of renewable energy; of that, over 4,100 MWs is solar energy. PG&E also owns 445 MWs of RPS-eligible generation, including 13 solar power plants, which are mainly located in the Central Valley and generate up to 152 MWs of clean power.

Additionally, PG&E has connected more than 535,000 customers with private rooftop solar to the electricity grid, and supports customers with resources before, during and after they go solar. The rooftop solar in PG&E’s service area represents about 20% of all rooftop solar in the country.

PG&E’s Solar Choice program offers customers an easy way to go solar—without installing rooftop solar panels. Through the program, customers can purchase up to 100% of their electricity from a community solar program generating power in California.

Progress on Battery Energy Storage

PG&E is investing in battery energy storage to enhance overall grid reliability, integrate renewables, and help customers save energy and money.

The company currently has contracts for battery energy storage projects totaling more than 1,400 MWs of capacity to be deployed throughout its service area and the state through 2023. PG&E is well-positioned with the battery energy storage projects under contract to meet the state’s ambitious clean energy and storage goals, while ensuring grid reliability.

In addition to large, grid-scale battery energy storage, PG&E connects hundreds to thousands of new, behind-the-meter (BTM) battery energy storage systems to the grid every month. To date, more than 19,000 PG&E customers have installed and connected BTM battery energy storage systems to the grid throughout PG&E’s service area—most of which are residential customers—totaling more than 230 MWs of capacity.

A portion of these systems are funded through the Self-Generation Incentive Program (SGIP), in which PG&E provides financial incentives for business and residential customers installing new, qualifying equipment for generating and storing energy. This is one way that customers can be prepared for extreme weather events and possible Public Safety Power Shutoff events due to the rapidly changing environmental conditions in California.

California’s Renewables Portfolio Standard

Established in 2002, California's RPS is one of the most progressive clean energy mandates in the country. Since then, the state has accelerated and increased the amount of renewable energy that retail electricity sellers must provide to customers. In 2015, Senate Bill 350 increased the 33% by 2020 goal to 50% by 2030. In 2018, Senate Bill 100 increased the goal again to 60% by 2030, and established state policy that all electricity retail sales must come from RPS-eligible or carbon-free resources by 2045.

Based on current forecasts, PG&E is on track to meet the state’s RPS and carbon-free requirements under Senate Bill 350 and Senate Bill 100. The eligible-renewable percentage of more than 35% reported in the Form 10-K uses the methodology approved by the California Energy Commission. It does not reflect RPS compliance, which is determined using a different methodology. PG&E’s 2020 RPS compliance report will be submitted to the California Public Utilities Commission in August 2021.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

DUBLIN--(BUSINESS WIRE)--The "PET Foam Market by Raw Material (Virgin PET and Recycled PET), Grade (Low-density and High-density), Application (Wind Energy, Transportation, Marine, Building & Construction, Packaging and Others ), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The PET foam market is projected to grow from USD 316 million in 2020 to USD 448 million by 2025, at a CAGR of 7.2% from 2020 to 2025.

The PET foam market growth is estimated to be majorly driven by growing economies of Asia Pacific region. Increasing demand of PET foam from the wind energy, marine, and packaging end-use industries in China, India, Japan, and Australia is driving the market growth of PET foam in the Asia Pacific region.

PET foam can be readily modified based on application requirements and is mainly used in the mid-layers of sandwiched composite structures. Research institutions, PET foam manufacturers, and end-product manufacturers are taking initiatives and making huge investments in R&D to enhance PET foams and their materials in terms of cost, durability, and stiffness.

Low-density PET foam to lead the PET foam market, by grade in terms of value and volume, during the forecast period

Low-density PET foam is considered an ideal solution for various end-use industries including transportation, wind energy, building & construction, and packaging, owing to its lightweight and excellent chemical and electrical resistance. Thus, the wide application of low-density PET foam and its superior qualities compared to the other core materials is driving the segment.

Wind energy application is estimated to be the fastest-growing segment of the PET foam market

The wind energy application segment dominated the PET foam market, in terms of volume and value, in 2020. PET foam is extensively used in wind blades owing to its advantageous properties. For instance, PET foam offers excellent stiffness, fatigue, and strength-to-weight ratio. This lightweight structure plays an important role in the manufacturing of wind blades, helping in the manufacture of larger and more efficient rotor blades.

The compressive and shear strength of the foam must hold up the mechanical structure of the wind blade. PET foam is used in the manufacturing of wind turbine blades and their parts such as rotor blades, nacelles, spinners, and housing, reducing the manufacturing cost and improving performance.

Asia Pacific is the largest and the fastest-growing region in the PET foam market

Asia Pacific is the largest region in the PET foam market owing to the increasing investments and infrastructural projects undertaken by the region's emerging economies, such as China and India. Further, the growing demand of PET foam from the wind energy, marine, and packaging end-use industries in China, India, Japan, and Australia is driving the market growth of PET foam in the region.

Armacell International SA (Luxembourg), 3A Composites (Switzerland), Gurit Holding (Switzerland), DIAB Group (Sweden), Changzhou Tiansheng New Materials Co. Ltd (China), Sekisui Plastics (Japan), Petro Polymer Shargh (Iran), and Carbon-Core Corp. (US) are some of the key players operating in the PET foam market.

These players have adopted strategies such as agreements, partnerships & joint ventures, new product & technology launches, and expansions to enhance their business revenue and market share. Expansion of manufacturing plants and offices globally is the key strategy adopted by these players to cater to the increasing demand for PET foam.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

Pet Foam Market Snapshot (2020 Vs. 2025)

Wind Energy Segment Expected to Dominate Pet Foam Market from 2020 to 2025

High-Density Pet Foam Segment Projected to Grow at Higher CAGR During Forecast Period

Asia-Pacific Expected to be Fastest-Growing Market for Pet Foam During Forecast Period

4 Premium Insights

4.1 Attractive Opportunities in Pet Foam Market

4.2 Pet Foam Market, by Region

4.3 Asia-Pacific Pet Foam Market, by Country & Application

4.4 Pet Foam Market, by Grade

4.5 Pet Foam Market, by Application

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Growth of the Wind Energy Sector

5.2.1.2 Growing Demand for Lightweight Vehicles Worldwide

5.2.2 Restraints

5.2.2.1 Increasing Competition from Substitutes

5.2.3 Opportunities

5.2.3.1 Rising Trend of Using Recycled Materials

5.2.4 Challenges

5.2.4.1 Impact of COVID-19 on Various End-Use Industries

6 Industry Trends

6.1 Introduction

6.2 Porter's Five Forces Analysis

7 Macroeconomic Overview and Key Trends

7.1 Introduction

7.2 Trends and Forecast of GDP

7.3 Trends in the Wind Energy Industry

7.4 Trends in the Automotive Industry

7.5 Trends in the Construction Industry

7.6 Price Analysis

7.7 Value Chain Analysis

7.8 Patent Analysis

7.9 Tariff and Regulatory Landscape

7.10 Case Study

7.10.1 Use Cases

7.10.2 Case Study 1: Improved Mechanical Properties and Cost-Effective Product

7.11 Trade Flow

7.12 Ycc Shift in Pet Foam Market

Companies Mentioned

• 3A Composites
• Armacell International S.A.
• Carbon-Core Corp.
• Changzhou Tiansheng New Materials Co. Ltd
• Composite Essential Materials LLC
• Corelite
• Diab Group
• Gurit Holding Ag
• Hunan Rifeng Composite Co. Ltd
• Petro Polymer Shargh (Pps)
• Sekisui Chemical Co Ltd
• Visight Composite Material Co. Ltd
• Xtx Composites

For more information about this report visit https://www.researchandmarkets.com/r/w0t9xt

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company to deploy $500 billion in sustainable financing by 2030, will work with clients to support low-carbon transition

SAN FRANCISCO--(BUSINESS WIRE)--#ESG--Wells Fargo today announced a major step in its efforts to support the transition to a low-carbon economy by setting a goal of net zero greenhouse gas emissions — including its financed emissions — by 2050. To help meet this ambitious goal, Wells Fargo will measure and disclose financed emissions for select carbon-intensive portfolios; set interim emission reduction targets; deploy more capital to finance climate innovation; and continue to work with its clients on their own emissions reductions efforts. The company will also launch an Institute for Sustainable Finance to manage the deployment of $500 billion of financing to sustainable businesses and projects by 2030, as well as support science-based research on low-carbon solutions and advocate for policies that enable client transitions.

“Climate change is one of the most urgent environmental and social issues of our time, and Wells Fargo is committed to aligning our activities to support the goals of the Paris Agreement and to helping transition to a net zero carbon economy,” said Wells Fargo CEO Charlie Scharf. “The risks of not taking action are too great to ignore, and collective action is needed to avoid the significant impact on our most vulnerable communities. We have a responsibility to help find solutions and are committed to deploying our resources and working closely with our clients in this transition.”

Wells Fargo outlined five areas of focus:

Setting a goal to achieve net zero greenhouse gas emissions by 2050

• Net zero goal includes Scopes 1, 2, and 3 financed emissions*.
• Wells Fargo achieved carbon neutrality in its operations (Scopes 1 and 2) in 2019.

Committing to disclose the company’s financed emissions measurement approach and provide more robust emissions data

• Disclose its approach to measuring Scope 3 financed emissions within a year.
• Enhance transparency and disclose financed emissions for select carbon intensive portfolios — including the oil and gas sectors, and power sector — no later than the end of 2022.
• Expand disclosures to eventually include all financed emissions as sufficiently reliable data becomes available.

Setting interim emission reduction targets for select carbon intensive portfolios, including oil and gas, and power

• Set and disclose interim targets for select carbon intensive portfolios — including the oil and gas sectors, and power sector — no later than the end of 2022.
• Set and disclose targets for additional sectors within a reasonable time after disclosing financed emissions for those sectors.

Establishing an Institute for Sustainable Finance

• Establish an institute that will work across the enterprise to support clients in their climate transitions.
• Deploy an additional $500 billion in sustainable finance by 2030, building on the $157 billion provided since 2012**.
• Support clients’ efforts to quantify their emissions.
• Support science-based research to aid clients in their low-carbon transitions.
• Advocate for policy initiatives that support clients’ low-carbon transitions as well as those that advance the U.S. meeting the goals of the Paris Agreement.
• Work to support communities as they prepare for and adapt to increasing weather-related impacts with a focus on low- and moderate-income and other vulnerable communities that are being disproportionally impacted by climate change.

Integrating climate considerations into Risk Management Framework

• Integrate climate considerations into the company’s Risk Management Framework, eventually utilizing sufficiently reliable data as it becomes available, and use client carbon transition plans in our decision-making processes.

The goals announced today are critical next steps in Wells Fargo’s efforts to accelerate transition to an equitable and sustainable future, and they build on recent progress.

• In February 2021, Wells Fargo released its first Task Force on Climate-Related Financial Disclosures (TCFD) Report, which provides an update on the company’s progress managing climate related risks and opportunities.
• In its operations, the company has met and exceeded ambitious sustainability goals in its efforts to achieve carbon neutrality, including leveraging its annual energy spend to support the development of new renewable energy projects across the U.S. To date, Wells Fargo’s Corporate Properties Group has entered into nearly 120 long-term contracts that support the development of over 750 megawatts of net-new renewable energy assets.
• The company has accelerated sustainable finance across lines of business, providing $157 billion in financing to sustainable business and projects since 2012. Recent highlights include reaching $10 billion in renewable energy financing and serving as a lead underwriter on sustainability-designated bonds, including two of the top five in municipal markets over the last three years. Wells Fargo has established senior Environmental, Social, and Governance roles within the enterprise and across lines of business and staff functions to further advance its efforts.
• Wells Fargo’s robust Environmental and Social Risk Management (ESRM) policies consider the full spectrum of risk when reviewing transactions with customers in certain sensitive industries, including oil and gas, and utilities. The company updates its ESRM policies as its understanding of social and environmental risks evolves, and seeks to adhere to global best practices for managing these risks.
• In communities, Wells Fargo collaborates with leading government and nonprofit organizations to advance clean technology innovation, community resiliency (PDF), and green jobs. Its award-winning Wells Fargo Innovation Incubator is a collaboration with the U.S. Department of Energy’s National Renewable Energy Lab, and the company recently became a founding partner of the Rocky Mountain Institute’s Center for Climate Aligned Finance, which seeks to assist financial institutions in bringing portfolios of lending and investment activities in alignment with 1.5°C-consistent emissions pathway.

For more information on Wells Fargo’s approach to managing climate risk, please see the company’s 2020 TCFD Report. Additional sustainability perspectives can be found at Wells Fargo Stories.

* Greenhouse gas emissions are categorized into three groups or 'Scopes' by the most widely used international accounting tool, the Greenhouse Gas (GHG) Protocol. Scope 1 covers direct emissions from owned or controlled sources. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. Scope 3 includes all other indirect emissions that occur in a company’s value chain.

** In 2018, Wells Fargo announced its $200 billion sustainable finance commitment and updated the methodology for how it tracks progress. The 2018-2020 results are not comparable to previously reported results for the “finance environmentally beneficial business opportunity” progress statement. Wells Fargo’s current sustainable finance reporting methodology is available online.

About Wells Fargo

Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

WF-PESG

Media
Jennifer Dunn
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202-320-8532
 
EJ Bernacki
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415-823-3523

Company continues to invest in growth in order to provide best-in-class software solutions for installers

CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry worldwide leader in Flex-MLPE (Module Level Power Electronics) today announced that Archie Roboostoff has joined as its new Vice-President of Software. Mr. Roboostoff brings over 20-years of software technical, product and business management experience to the Tigo Executive Team.

Mr. Roboostoff began as a software developer and has seen increased responsibilities in the areas of engineering, product management and software architecture throughout his career. Most recently, he served as Product Portfolio Director at Micro Focus (MFGP), an international enterprise software company focused on digital transformation. While at Micro Focus, he helped transform the former Mercury and Borland product lines back to leadership positions. This resulted in the leadership of two market-leading software product brands in markets greater than $1B. He also serves the community, with 6 years on the Second Harvest Food Bank board.

“Archie brings a rich experience of running the technical, operations and business side of software,” stated Zvi Alon, Chairman and CEO of Tigo. “He is exactly the type of leader we need as Tigo expands our software offering to meet installers’ needs.”

Mr. Roboostoff will lead the software team at Tigo and be responsible for definition, quality, and performance of the growing Energy Intelligence (EI) business. The Tigo Energy Intelligence platform monitors tens of thousands of PV sites that produce more than 1 gigawatt-hour of daily solar energy.

“It is clear that software will become an increasingly significant part of commercial and residential solar installations,” stated Mr. Roboostoff. “I’m excited to be given the opportunity to help shape an important industry that has a positive environmental impact. I joined Tigo to be part of a winning team and simultaneously help fuel company growth and superior customer experience.”

Mr. Roboostoff studied Computer Science at the University of California at Santa Barbara and holds a University of California Berkeley Program Certificate in Product Management & Marketing. He works out of the Silicon Valley, California Tigo headquarters.

About Tigo

Tigo is the worldwide leader in flexible module level power electronics (MLPE) with innovative solutions that significantly increase energy production, decrease operating costs, and enhance safety of photovoltaic (PV) systems. Tigo’s TS4 platform maximizes the benefit of PV systems and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on 7 continents and produce gigawatt hours of reliable, clean, affordable and safe solar energy daily. Tigo's global team is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Visit us at www.tigoenergy.com.

Media Contact for Tigo
John Lerch
408.402.0802 x430
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LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating the way utilities and cities manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $400 million aggregate principal amount of convertible senior notes due 2026 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company intends to grant the initial purchasers of the Notes an option to purchase, during a 13-day period beginning on, and including, the first day the Notes are issued, an additional $60 million aggregate principal amount of Notes.

The Company also announced by separate press release that it has commenced a registered public offering of $350 million of common stock of the Company (or up to $402.5 million if the underwriters exercise in full their option to purchase additional shares). Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the shares. The closing of the offering of the Notes is not contingent upon the closing of the offering of common stock (or vice versa).

The terms of the Notes, including the interest rate, initial conversion rate and other terms, will be determined at the pricing of the offering.

In connection with the pricing of the Notes, the Company expects to enter into privately negotiated convertible note hedge transactions with one or more of the initial purchasers or their affiliates and/or other financial institutions (the “Hedge Counterparties”). The convertible note hedge transactions are expected generally to reduce the potential dilution to the Company’s common stock upon any conversion of the Notes and/or offset any cash payments it is required to make in excess of the principal amount of converted Notes, as the case may be, in the event that the market price of the common stock is greater than the strike price of the convertible note hedge transactions. The Company also expects to enter into privately negotiated warrant transactions with the Hedge Counterparties. The warrant transactions could separately have a dilutive effect to the extent the market value per share of common stock exceeds the strike price of any warrant transactions, unless the Company elects, subject to certain conditions set forth in the related warrant confirmations, to settle the warrant transactions in cash. If the initial purchasers exercise their option to purchase additional Notes, the Company may enter into additional convertible note hedge transactions and additional warrant transactions with the Hedge Counterparties.

The Company expects that, in connection with establishing their initial hedge of the convertible note hedge transactions and warrant transactions, the Hedge Counterparties or their respective affiliates may enter into various derivative transactions with respect to the common stock concurrently with, or shortly after, the pricing of the Notes, and may unwind these various derivative transactions and purchase shares of common stock in open market transactions shortly after the pricing of the Notes. These activities could increase (or reduce the size of any decrease in) the market price of the common stock or the Notes at that time. In addition, the Company expects that the Hedge Counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding derivative transactions with respect to the common stock and/or by purchasing or selling shares of the common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to the maturity date of the Notes (and are likely to do so during any observation period relating to a conversion of the Notes or in connection with any repurchase of Notes). This activity could also cause or avoid an increase or a decrease in the market price of the common stock or the Notes, which could affect the ability of noteholders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, could affect the amount and value of the consideration that noteholders will receive upon conversion of the Notes.

The Company intends to use a portion of the net proceeds from the offering to pay the cost of the convertible note hedge transactions described above after such cost is partially offset by the proceeds to the Company from the warrant transactions described above. The Company expects to use the remaining net proceeds from the offering, together with cash on hand, to optionally redeem its outstanding 5.00% senior notes due 2026 at a price equal to 102.5% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date. Such redemption will be made solely pursuant to a redemption notice delivered pursuant to the indenture governing the 5.00% senior notes due 2026, and nothing contained in this press release constitutes a notice of redemption of the 5.00% senior notes due 2026.

The Notes will be offered to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act. The Notes have not been, and will not be, registered under the Securities Act, or the securities laws of any state or other jurisdiction, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Itron

Itron^® enables utilities and cities to safely, securely and reliably deliver critical infrastructure services 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.

Cautionary Note Regarding Forward Looking Statements

This release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical factors nor assurances of future performance. These statements are based on our expectations about, among others, revenues, operations, financial performance, earnings, liquidity, earnings per share, cash flows and restructuring activities including headcount reductions and other cost savings initiatives. This document reflects our current strategy, plans and expectations and is based on information currently available as of the date of this release. When we use words such as "expect", "intend", "anticipate", "believe", "plan", "goal", "seek", "project", "estimate", "future", "strategy", "objective", "may", "likely", "should", "will", "will continue", and similar expressions, including related to future periods, they are intended to identify forward-looking statements. Forward-looking statements rely on a number of assumptions and estimates. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Therefore, you should not rely on any of these forward-looking statements. Some of the factors that we believe could affect our results include our ability to execute on our restructuring plan, our ability to achieve estimated cost savings, the rate and timing of customer demand for our products, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in laws and regulations, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business risks, uncertainties caused by adverse economic conditions, including, without limitation those resulting from extraordinary events or circumstances such as the COVID-19 pandemic and other factors that are more fully described in Part I, Item 1A: Risk Factors included in our Annual Report on Form 10-K for the year ended Dec. 31, 2019 and other reports on file with the Securities and Exchange Commission. Itron undertakes no obligation to update or revise any information in this press release.

The impact caused by the ongoing COVID-19 pandemic includes uncertainty as to the duration, spread, severity, and any resurgence of the COVID-19 pandemic including other factors contributing to infection rates, such as reinfection or mutation of the virus, the effectiveness or widespread availability and application of any vaccine, the duration and scope of related government orders and restrictions, impact on overall demand, impact on our customers’ businesses and workforce levels, disruptions of our business and operations, including the impact on our employees, limitations on, or closures of, our facilities, or the business and operations of our customers or suppliers. Our estimates and statements regarding the impact of COVID-19 are made in good faith to provide insight to our current and future operating and financial environment and any of these may materially change due to factors outside our control. For more information on risks associated with the COVID-19 pandemic, please see Itron’s updated risk in Part II, Item 1A: Risk Factors of our latest 10-Q filing with the SEC.

Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643

The e-Shield line provides optimal performance plus excellent thermal and conductive properties enabling longer driving range for electric vehicles.

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) Lubricants announced today the launch of Phillips 66 e-Shield, high-performing lubricant solutions to optimize electric vehicle performance and protection. e-Shield is a new line of products, including system fluid, grease and coolant, designed to fulfill the unique needs of electric vehicles.

These lubricants use modern proprietary formulations to enable extended driving range. Excellent thermal and conductive properties keep electric vehicles protected while running cooler and longer per charge.

“Years of development and testing resulted in the technology behind the e-Shield products that deliver optimal performance for electric vehicles,” said Chundi Cao, Phillips 66 Senior Engineer. “We are constantly working to develop products that will meet the needs of an evolving market, and our new e-Shield line is no exception.”

The e-Shield line is another example of the company's ongoing commitment to develop the latest technology that reduces emissions and improves energy conservation while ensuring that the equipment people depend on worldwide operates efficiently and reliably.

The e-Shield EV system fluid is proven technology currently used in the factory-fill of electric vehicles for several major Original Equipment Manufacturers (OEM). "Through OEMs-independent evaluations, the Phillips 66 e-Shield EV system fluid outperformed other fluids by extending the driving range of vehicles," said Scott McQueen, Phillips 66 Manager, Lubricants Research & Product Management. “The e-Shield product line demonstrates the continued innovation of Phillips 66 and our dedication to providing energy for the future.”

e-Shield is one of many ways Phillips 66 products support the energy transition. Phillips 66 is a major supplier of the proprietary graphite needle coke employed in the manufacturing of lithium ion batteries that power electric vehicles across the globe. The company recently announced a technical collaboration with Faradion to develop anode materials for sodium-ion batteries, a next-generation energy storage technology. To view more information about the e-Shield line and Phillips 66 sustainability work, please visit Phillips66Lubricants.com/Sustainability.

About Phillips 66 Lubricants
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores, and markets fuels and products globally. As one of the largest finished lubricants suppliers in the U.S., Phillips 66 Lubricants is known for manufacturing and marketing high-quality base oils and sophisticated formulations in three lubricant brands:
Phillips 66^®, Kendall^® Motor Oil, and Red Line^® Synthetic Oil. These premier products reach across every key market sector, including automotive, trucking, agriculture, aviation, power generation, mining, and construction. For more information, visit Phillips66Lubricants.com.

Bernardo Fallas
855-841-2368 (media)
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Christine Bailey
832-765-4363 (media)
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LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI) (the “Company”), which is innovating the way utilities and cities manage energy and water, today announced that it has commenced an underwritten public offering, subject to market and other conditions, of $350 million of shares of common stock of the Company. The Company intends to grant to the underwriters an option to purchase up to $52.5 million of additional shares. The Company intends to use the net proceeds from the offering, together with cash on hand, to repay outstanding term loan borrowings under its credit facility that was initially entered into on January 5, 2018, and to pay all fees and expenses related to the offering and such repayment.

The Company also announced by separate press release that it has commenced a private offering to eligible purchasers of $400 million aggregate principal amount of convertible notes due 2026 (or up to $460.0 million aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible notes). Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the convertible notes. The closing of the offering of shares is not contingent upon the closing of the offering of the convertible notes (or vice versa).

J.P. Morgan Securities LLC is acting as lead book-running manager for the offering. Wells Fargo Securities is acting as book-running manager for the offering.

A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and has become effective. The offering may be made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained from (1) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via telephone at 1-866-803-9204 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it. and (2) Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York 10001, via telephone 1-800-326-5897, or via email at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Itron

Itron^® enables utilities and cities to safely, securely and reliably deliver critical infrastructure services 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.

Cautionary Note Regarding Forward Looking Statements

This release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical factors nor assurances of future performance. These statements are based on our expectations about, among others, revenues, operations, financial performance, earnings, liquidity, earnings per share, cash flows and restructuring activities including headcount reductions and other cost savings initiatives. This document reflects our current strategy, plans and expectations and is based on information currently available as of the date of this release. When we use words such as "expect", "intend", "anticipate", "believe", "plan", "goal", "seek", "project", "estimate", "future", "strategy", "objective", "may", "likely", "should", "will", "will continue", and similar expressions, including related to future periods, they are intended to identify forward-looking statements. Forward-looking statements rely on a number of assumptions and estimates. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Therefore, you should not rely on any of these forward-looking statements. Some of the factors that we believe could affect our results include our ability to execute on our restructuring plan, our ability to achieve estimated cost savings, the rate and timing of customer demand for our products, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in laws and regulations, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business risks, uncertainties caused by adverse economic conditions, including, without limitation those resulting from extraordinary events or circumstances such as the COVID-19 pandemic and other factors that are more fully described in Part I, Item 1A: Risk Factors included in our Annual Report on Form 10-K for the year ended Dec. 31, 2019 and other reports on file with the Securities and Exchange Commission. Itron undertakes no obligation to update or revise any information in this press release.

The impact caused by the ongoing COVID-19 pandemic includes uncertainty as to the duration, spread, severity, and any resurgence of the COVID-19 pandemic including other factors contributing to infection rates, such as reinfection or mutation of the virus, the effectiveness or widespread availability and application of any vaccine, the duration and scope of related government orders and restrictions, impact on overall demand, impact on our customers’ businesses and workforce levels, disruptions of our business and operations, including the impact on our employees, limitations on, or closures of, our facilities, or the business and operations of our customers or suppliers. Our estimates and statements regarding the impact of COVID-19 are made in good faith to provide insight to our current and future operating and financial environment and any of these may materially change due to factors outside our control. For more information on risks associated with the COVID-19 pandemic, please see Itron’s updated risk in Part II, Item 1A: Risk Factors of our latest 10-Q filing with the SEC.

Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643

The Embassy of the State of Qatar hosted a virtual event in partnership with the U.S. Chamber of Commerce to discuss Qatar's plans to host a carbon-neutral FIFA World Cup™

WASHINGTON--(BUSINESS WIRE)--The Embassy of the State of Qatar and the U.S. Chamber of Commerce hosted a virtual event on March 8, 2021, titled, “Carbon-Neutral World Cup 2022.” This virtual event highlighted Qatar’s sustainability efforts, which remain at the core of the infrastructure and tournament operations planning for the FIFA World Cup 2022™, and Qatar’s tactics to deliver a fully carbon-neutral event.

The event was opened by Khush Choksy, Senior Vice President for the Middle East, Turkey, and Kazakhstan at the U.S. Chamber of Commerce, and featured keynote remarks from Engineer Bodour Al Meer, Sustainability Director from the Supreme Committee for Delivery & Legacy of Qatar. The event also included remarks by Beau Waters, Sports & Entertainment, Market Director at Jacobs, and remarks by Ambassador Greta Holtz, Chargé D’Affaires at the U.S. Embassy Doha, as well as a Q&A discussion led by Steve Lutes, Vice President for Middle East Affairs, U.S. Chamber of Commerce.

Through this virtual exchange, the panelists discussed Qatar’s commitment to fighting climate change through efforts to measure, mitigate, and offset all greenhouse gas emissions associated with the much-anticipated international tournament. Qatar’s carbon-neutral approach will catalyze low-carbon solutions across the region that will drive growth in a low-carbon economy. The FIFA World Cup 2022 will be the first carbon-neutral tournament of its kind and will set a benchmark for environmental stewardship for major sporting events.

“In building the FIFA World Cup Qatar 2022 Sustainability Strategy, we sought to align with relevant international standards and guidelines, including the UN Sustainable Development Goals,” said Engineer Al Meer, “We are sure that the sustainability program for the FIFA World Cup 2022 will minimize environmental impact and enhance the tournament experience overall, while at the same time deliver value for generations to come in Qatar and beyond.”

“As a partner of FIFA World Cup 2022, Jacobs has worked closely with the Supreme Committee for Delivery and Legacy in Qatar and served as a partner for over a decade to deliver infrastructure for the event and help meet the sustainability requirements committed to during the bid process,” said Beau Waters, Market Director of Sports & Entertainment at Jacobs. “The World Cup has been a catalyst for increased attention and awareness around sustainability in the region and it has been an important component driving many global sporting events to Qatar. The work being done is a great representation of Qatar’s commitment to sustainability and carbon neutrality, and we are honored to be a part of it.”

The Qatar National Vision 2030 emphasizes managing Qatar’s rapid development by balancing economic growth with environmental protection. Sustainability has been at the heart of the FIFA World Cup 2022 from the start, with planning and delivery premised on the idea that generations to come should find our shared planet a greener, more equitable place, free from discrimination and full of opportunities for all.

“The FIFA World Cup 2022 presents an opportunity to facilitate economic growth and diversification in Qatar and also in the United States by linking local businesses to global value chains and producing opportunities for the U.S. private sector,” said Khush Choksy, Senior Vice President for Middle East, Turkey, and Kazakhstan, U.S. Chamber of Commerce. “The Supreme Committee has invested heavily in developing sustainable tournament sites and lessening the impact of the World Cup on the environment, and as a result has created new partnerships with U.S. companies and strengthened commercial ties between the U.S. and Qatar. We applaud Qatar for focusing on environmental priorities as it hosts this major global sporting event and for its efforts to benefit employment in the U.S. and Qatar.”

As one of the first countries to ratify the United Nations Framework Convention on Climate Change in 1996, combating climate change and promoting the importance of sustainability must include investment in alternative energy, green building initiatives, and other green technologies. Qatar is dedicated to a long-term view of sustainability, driving responsible development for a cleaner world.

“The “Carbon Neutral World Cup” offers a unique test for us to set goals, achieve and measure results, and demonstrate to the people of our countries that we’re serious about slowing climate change and ensuring a better future for all,” said Ambassador Greta Holtz, Chargé D’Affaires at the U.S. Embassy Doha.

To learn more about the efforts being made to promote a sustainable FIFA World Cup 2022 and environmentally conscious global community, please click here.

About the Embassy of the State of Qatar to the United States

The Embassy of the State of Qatar in Washington, D.C. houses Qatar's diplomatic mission to the United States. The primary purposes of the Embassy of Qatar are to highlight Qatar’s policies on regional issues, strengthen Qatar-U.S. bilateral relations, and assist Qatari citizens who travel or live in the U.S. The current Ambassador of the State of Qatar to the United States of America is His Excellency Sheikh Meshal Bin Hamad Al-Thani.

About the U.S. Chamber of Commerce

The U.S. Chamber of Commerce is the world’s largest business organization representing companies of all sizes across every sector of the economy. Our members range from the small businesses and local chambers of commerce that line the Main Streets of America to leading industry associations and large corporations. They all share one thing: They count on the U.S. Chamber to be their voice in Washington, across the country, and around the world. For more than 100 years, we have advocated for pro-business policies that help businesses create jobs and grow our economy.

Media Contact
Embassy of the State of Qatar
Henri Viès
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+1 650-776-9289

WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2020 on Monday, March 15, 2021 after the close of the stock market.

Management will host a conference call on Tuesday, March 16, 2021 at 10:00 am ET / 9:00 am CT to discuss the results and business activities.

Interested parties may participate in the call by dialing:

• (877) 423-9820 (Domestic) or
• (201) 493-6749 (International)

The conference call will also be accessible via the Upcoming Events section of the Company’s web site at www.ftek.com. Following management’s opening remarks, there will be a question and answer session. Questions may be asked during the live call, or alternatively, you may e-mail questions in advance to This email address is being protected from spambots. You need JavaScript enabled to view it.. For those who cannot listen to the live broadcast, an online replay will be available at www.ftek.com.

About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NO_x) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM^® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment, and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.

Vince Arnone
President and CEO
(630) 845-4500

Devin Sullivan
Senior Vice President
The Equity Group Inc.
(212) 836-9608
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DUBLIN--(BUSINESS WIRE)--The "Maintenance and Operation of Ports and Harbours in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.

This report focuses on the Maintenance and Operation of Ports and Harbours and includes comprehensive information on the state and size of the sector, operational performance, corporate actions and developments and regulations.

There are profiles of 14 players including Transnet, the dominant player in this sector and operator of all the major ports, private terminal operators and port services companies such Bidfreight Port Operations, civil marine service providers such as Southern Ocean Engineering and marina operations including the V&A Waterfront, Club Mykonos and Port St Francis.

Maintenance and Operation of Ports and Harbours:

South Africa's commercial ports and harbours play a critical role in the domestic economy as enablers of trade between South Africa and its trading partners in the region and other parts of the world. Ports facilitate imports and exports and provide maritime services to international shipping traffic.

Before the coronavirus pandemic, around 300 million tons of seaborne cargo moved through South African ports each year, and volumes are expected to be substantially lower this year. Transnet plays a dominant role in the operation and maintenance of South Africa's major ports and harbours.

Coronavirus Effect:

The coronavirus pandemic plunged world trade and the global maritime sector into crisis, and the unprecedented decline in domestic and global economic activity translated into sharp declines in vessel arrivals and cargo volumes. Backlogs, congestion and delays have led to additional charges and the loss of contracts. Coronavirus-related staff shortages have added to operational challenges.

Infrastructure Development:

Capacity expansion at the port of Saldanha will increase its servicing capacity from ten rigs to between twenty and forty per year. Rig repair capacity expansion projects are also planned for Cape Town, Durban and Ngqura. Under Operation Phakisa, twelve proclaimed fishing harbours in the Western Cape have been designated for rehabilitation and maintenance.

Key Topics Covered:

1. Introduction

2. Description of the Industry

2.1. Industry Value Chain

2.2. Geographic Position

3. Size of the Industry

4. State of the Industry

4.1. Local

4.1.1. Corporate Actions

4.1.2. Regulations

4.1.3. Enterprise Development and Social Economic Development

4.2. Continental

4.3. International

5. Influencing Factors

5.1. Economic Environment

5.2. Government Expenditure

5.3. Port Tariffs

5.4. Technology, Research & Development (R&D) and Innovation

5.5. Labour

5.6. Environmental Concerns

6. Competition

6.1. Barriers to Entry

7. SWOT Analysis

8. Outlook

9. Industry Associations

10. References

10.1. Publications

10.2. Websites

Appendix

• Location of Lighthouses in South Africa
• Summary of Notable Players
• Breakdown of June 2020 Statistics of Cargo Handled, Vessels Arrivals in South Africa and Containers Invoiced at South African Ports
• Company Profiles
• Bidfreight Port Operations (Pty) Ltd
• Club Bayshore Marina (Pty) Ltd
• Club Mykonos Langebaan (Pty) Ltd
• Cps Projects (Pty) Ltd
• Harbour Island Master Homeowners Association Npc
• Osc Marine Africa (Pty) Ltd
• Port of Call Consulting Cc
• Port St Francis Property Owners Association Npc
• Portquip Africa (Pty) Ltd
• Royal Alfred Marina Home Owners Association
• Southern Oceaneering (Pty) Ltd
• Transnet Soc Ltd
• V and a Waterfront Holdings (Pty) Ltd
• Yachtport Sa (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/2en97t

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus”) announced today the commencement of an underwritten secondary offering (the “Offering”) of 5,500,000 shares of its Class A common stock (“common stock”) by certain selling stockholders (the “Selling Stockholders”). In addition, the Selling Stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock at the public offering price, less underwriting discounts and commissions. Cactus will not receive any of the proceeds from the sale of common stock in the Offering.

Citigroup and Credit Suisse are acting as joint book-running managers for the Offering.

The securities are being offered and will be sold pursuant to an automatic shelf registration statement (including a prospectus) that was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective upon filing. 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 state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The Offering is being made only by means of a prospectus and related prospectus supplement.

Copies of the preliminary prospectus supplement and accompanying base prospectus related to the Offering may be obtained, free of charge, at the SEC’s website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying base prospectus may be obtained from:

Citigroup Global Markets Inc.
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (800) 831-9146

Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
6933 Louis Stephens Drive
Morrisville, NC 27560
Telephone: (800) 221-1037
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About Cactus, Inc.

Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, Marcellus, Utica, Haynesville, Eagle Ford, Bakken, and SCOOP/STACK, among other areas, and in Eastern Australia.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the size, timing or results of the Offering, represent Cactus’ expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Cactus’ control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Cactus does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Cactus to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus and related preliminary prospectus supplement filed with the SEC in connection with the Offering, Cactus’ Annual Report on Form 10-K for the year ended December 31, 2020 and its other filings with the SEC. These risk factors and other factors noted in Cactus’ SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.

Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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