DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, is pleased to appoint two company executive leadership positions. Elizabeth “Liz” Meloy Hepding is named senior vice president, business development, and Kate Keene is promoted to senior vice president, human resources, talent, and diversity, equity and inclusion. Both Hepding and Keene will report to Vicente Reynal, president and chief executive officer of Ingersoll Rand, as part of his executive leadership team and be based in Davidson, N.C.
As senior vice president of business development, Hepding will oversee business development strategy, sourcing, execution, and integration, including mergers, acquisitions, divestitures, restructurings, joint ventures and strategic partnerships. Her appointment will be effective July 19 and she will relocate from Chicago to Davidson, N.C.
With more than 20 years of strategy, M&A and corporate development experience, Hepding joins Ingersoll Rand from PurposeBuilt Brands where she served as vice president of corporate development since 2019 and guided the company’s expansion through acquisitions. Prior to that, she was senior vice president, strategy and corporate development at Essendant Inc., where she was responsible for all acquisitions, divestitures and partnerships, and led the execution of Essendant’s sale to Staples. She began her career in investment banking, spending more than a decade in the industry, primarily at UBS Investment Bank where she held roles of increasing responsibility.
“Liz’s vast experience in business development strategy and M&A, with expertise in target identification, pipeline generation and negotiations, combined with her broad industry experience across many sectors including industrial manufacturing makes her a strong fit for Ingersoll Rand,” said Reynal. “She brings further leadership in integration planning and executing key strategic initiatives – both of which are areas where Ingersoll Rand is known for delivering on our commitments to stockholders and generating near and long-term value. We welcome Liz to the team, and I am confident she will offer valuable guidance and counsel, and help deliver growth for our company.”
Effective immediately, Keene will lead the global strategy for all human resources, talent and organization capability, and diversity, equity and inclusion for Ingersoll Rand. She will serve as a key member of the executive management team, and will provide counsel to the executive team on important matters such as organizational design and talent decisions. She succeeds Craig Mundy who is retiring in early 2022 after 15 years with the company to spend time with family and focus on his national and community board appointments. Mundy will help with the transition and special projects until his retirement.
In her most recent role, Keene served as an HR business partner for the company’s global Precision and Science Technologies segment as well as led the North America region HR team. She joined Ingersoll Rand in 2016 as director of HR for corporate functions and then led a global HR team supporting the Fluid Management, Material Handling and Power Tools business units, where she aligned HR strategies and processes to the most pressing business needs. In addition to Ingersoll Rand, Keene has nearly 20 years of experience in human resources leadership positions at GE and Sabic. She received her bachelor’s degree in business administration and management from Pennsylvania State University.
“Promoting Kate from within the company is a testament to Ingersoll Rand’s proven approach to diversity and leadership talent development, succession and deployment, which is a key tenet of our strategy,” Reynal noted. “Kate and Craig have worked together for several years which will provide an advantage for a swift and seamless transition. On behalf of everyone at Ingersoll Rand, I thank Craig for his contributions to the company and wish him well in retirement. He has been instrumental in developing our company Purpose, Values and culture, and instilling his leadership for strategically managing talent as a way to drive business performance. Craig tirelessly worked to build our new Ingersoll Rand with inspired teams, talented and capable employees and improved offerings and capabilities within our global HR function, and Kate will build on the foundation Craig has developed.”
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.
Media:
Misty Zelent
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Investors:
Christopher Miorin
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World's largest freight-tech startups link networks, providing seamless, automated shipping experience across land, sea and air
SEATTLE & SAN FRANCISCO--(BUSINESS WIRE)--Convoy, the nation’s most efficient digital freight network, and Flexport, the platform for global logistics, announced a long-term, strategic partnership to bring end-to-end shipment automation across land, sea and air. The partnership draws on Flexport’s international client base and Convoy’s North American carrier network to provide customers with seamless logistics services while expanding business capabilities for both companies through a new shared data exchange that seamlessly integrates shipments across both platforms.
Traditionally, it’s been a challenge for shippers to track shipments across a patchwork of logistics providers and digital solutions, as their freight moves from international to domestic endpoints (e.g., distribution centers).
Through this partnership, customers will be able to move their goods via international and domestic transportation, all through the Flexport platform. Capturing all communication, data and reporting in one place will yield greater operational efficiencies, provide customers with an end-to-end view of their supply chain, and help them better understand total landed cost from purchase order to inception to final delivery. With comprehensive knowledge of their supply chain spend, customers can make more informed and dynamic decisions to ensure their freight gets to where it needs to be as efficiently, and with as much flexibility, as possible.
“This partnership represents a shift in the logistics ecosystem, fueled by an increase in collaboration and visibility, thanks to technology,” said Ryan Petersen, CEO and Founder of Flexport. “We’re thrilled to work with Convoy to make what has historically been a complex, fragmented industry more connected and in doing so, progress in our mission to make shipping easier for everyone.”
Dan Lewis, CEO and Co-Founder of Convoy, added, “This partnership creates a more seamless experience for shippers, and advances a vision long-shared by Convoy and Flexport that technology will create efficiencies and bring flexibility to the supply chain.”
Through a multi-phased approach to achieve full system integration, both companies have committed to contributing to the centralized platform, which will provide competitive and complete end-to-end solutions while reducing friction and improving service delivery. Under the partnership:
This announcement comes at a crucial time, with shippers responding to unprecedented global trade challenges across land, sea and air. The partnership builds on Convoy and Flexport’s existing, strong collaborations to deliver enhanced visibility and improved customer service to international shippers while reducing waste in the supply chain. The two technology companies first collaborated in 2018 with Flexport’s adoption of Convoy’s self-serve shipper platform for transactional freight. Over time, Convoy developed dedicated support for Flexport to deploy Convoy’s technology and services for both contractual and non contractual freight, for both drop and hook and live loads. In turn, Convoy has adopted Transmission to communicate with Flexport's internal operations teams and clients, ultimately providing a seamless experience and end-to-end supply chain visibility.
About Convoy
Convoy is the nation’s most efficient digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, P&G, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.
About Flexport
We believe trade can move the human race forward. That’s why it’s our mission to make global trade easy for everyone. Flexport is building the platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate. Today, companies of all sizes—from emerging brands to Fortune 500s like Georgia-Pacific, Sonos and Bombas—use Flexport technology to move more than $10B of merchandise across 112 countries every year.
Convoy Media Contact
Sam Hallock
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(425) 241-8954
Flexport Media Contact
Cate DeBenedictis
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(415) 497-2603
NEW YORK & OSLO, Norway--(BUSINESS WIRE)--Alussa Energy Acquisition Corp. (“Alussa Energy”) (NYSE: ALUS) and FREYR AS (“FREYR”) announced today that they expect to close their proposed business combination on Friday, July 9, 2021, assuming Alussa Energy receives shareholder approval at the Extraordinary General Meeting of Alussa Energy shareholders (the “Special Meeting”) to be held on Wednesday, June 30, 2021. Following closing, the combined company’s stock and warrants are expected to trade under the ticker symbols “FREY” and “FREY.WS”, respectively, starting on Thursday, July 8, 2021.
The Special Meeting to approve, among other items, the proposed business combination, will be held on June 30, 2021 at 10:00 a.m., Eastern Time, via a virtual meeting at the following address: https://www.cstproxy.com/alussaenergy/2021.
Alussa Energy Shareholder Vote
Alussa Energy’s shareholders of record at the close of business on April 30, 2021 are entitled to receive notice of the Special Meeting and to vote their Alussa ordinary shares at the Special Meeting. The meeting will be a completely virtual meeting of shareholders and will be conducted via live webcast. At the Special Meeting, shareholders will be asked to approve and adopt the business combination and such other proposals as disclosed in the definitive proxy statement/prospectus included in the Registration Statement. If the business combination is approved by Alussa Energy shareholders, Alussa Energy anticipates closing the business combination on July 9, 2021, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
The Special Meeting will take place at 10:00 a.m., Eastern Time, on June 30, 2021 via a virtual meeting at the following address: https://www.cstproxy.com/alussaenergy/2021. Investors who hold Alussa Energy’s ordinary shares in “street name” or in a margin or similar account, which means that the shares are held of record by a broker, bank or nominee, should contact their broker, bank or nominee to ensure that votes related to the shares they beneficially own are properly counted. In this regard, they must instruct their broker, bank or other nominee how to vote the shares they beneficially own in accordance with the voting instruction form they receive from their broker, bank or other nominee. If they wish to virtually attend the Special Meeting and vote, they must contact their broker, bank or other nominee to obtain a legal proxy and instructions on the procedures to be followed. Beneficial investors who own their investments through a bank or broker and wish to attend the meeting will have needed to contact Continental Stock Transfer & Trust Company to receive a control number at least 72 hours before the Alussa Special Meeting. Alussa Energy recommends that its shareholders wishing to vote at the Special Meeting log in at least 15 minutes before the Special Meeting start time. Please note that Alussa Energy shareholders will not be able to attend the Special Meeting in person. Alussa Energy encourages its shareholders entitled to vote at the Special Meeting to vote their shares via proxy in advance of the Special Meeting by following the instructions on the proxy card.
As announced previously, the business combination is to be effected through a newly created holding company, FREYR Battery (“FREYR Battery”). Alussa Energy will become a wholly-owned subsidiary of FREYR Battery, and the legacy business of FREYR (other than FREYR’s wind business) will be operated by a wholly-owned subsidiary of FREYR Battery upon the consummation of the transaction. FREYR Battery’s ordinary shares and warrants are expected to be traded on the New York Stock Exchange under the new symbols “FREY” and “FREY.WS”, respectively. At the closing of the business combination, each Alussa Energy unit will separate into its components consisting of one Alussa Energy ordinary share and one-half of one warrant and, as a result, will no longer trade as a separate security.
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit www.alussaenergy.com.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
Forward-Looking Statements
This press release contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alussa Energy’s, FREYR Battery’s and FREYR’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to the shareholder approval of the business combination, the listing of FREYR Battery’s common stock and warrants on the New York Stock Exchange, the production of clean and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025, the ability to leverage the Nordic region’s developing battery ecosystem and the closing of the business combination shortly after the Special Meeting. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Alussa Energy, FREYR Battery or FREYR and are difficult to predict. Factors that may cause such differences include, but are not limited to: the inability to consummate the transaction due to failure to obtain approval of the shareholders of Alussa Energy; the inability to obtain the listing of FREYR Battery’s common stock and warrants on the New York Stock Exchange following the transaction; the failure of capital to be delivered in the business combination; the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction; the inability to recognize anticipated benefits of the proposed business combination; the possibility that Alussa Energy, FREYR Battery or FREYR may be adversely affected by other economic, business, and/or competitive conditions that might lead to, among other things, a failure to develop clean and cost-effective batteries, deliver on the targeted battery cell manufacturing capacity, leverage Norway’s perceived advantages in battery production and build collaborations with customers in the transportation and energy markets; and other risks and uncertainties identified in the registration/proxy statement relating to the transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa Energy, FREYR Battery and FREYR. Alussa Energy, FREYR Battery and FREYR caution that the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. None of Alussa Energy, FREYR Battery or FREYR undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
No Assurances
There can be no assurance that the transaction will be completed, nor can there be any assurance, if the transaction is completed, that the potential benefits of combining the companies will be realized.
Information Sources; No Representations
This press release has been prepared for use by Alussa Energy, FREYR Battery and FREYR in connection with the transaction. The information herein does not purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information relating to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from Alussa Energy and all information relating to the business, past performance, results of operations and financial condition of FREYR and FREYR Battery was derived entirely from FREYR. No representation is made as to the reasonableness of the assumptions made with respect to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past performance or modeling contained herein is not an indication as to future performance.
No representations or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law in no circumstances will Alussa Energy, FREYR Battery or FREYR, or any of their respective subsidiaries, affiliates, shareholders, representatives, partners, directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents (including without limitation any projections or models), any omissions, reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith, which information relating in any way to the operations of FREYR or FREYR Battery has been derived, directly or indirectly, exclusively from FREYR and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor the independent auditors of FREYR or FREYR Battery audited, reviewed, compiled or performed any procedures with respect to any projections or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form of assurances with respect thereto for the purposes of this press release.
Important Information about the Transaction and Where to Find It
In connection with the transaction, Alussa Energy and FREYR Battery have filed and will file relevant materials with the SEC, including a Form S-4 registration statement filed by FREYR Battery on March 26, 2021 and amended on May 7, May 27, and June 9, 2021 (the “S-4”), which includes a prospectus with respect to FREYR Battery’s securities to be issued in connection with the proposed business combination (the “Prospectus”) and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed business combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, FREYR Battery, FREYR AND THE TRANSACTION. The S-4 was declared effective on June 14, 2021. The definitive Proxy Statement and other relevant materials for the transaction have been mailed to shareholders of Alussa Energy as of April 30, 2021. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and Prospectus and other relevant materials in connection with the transaction, and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.
Participants in Solicitation
Alussa Energy, FREYR Battery and FREYR and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Alussa Energy ordinary shares in respect of the proposed transaction. Alussa Energy shareholders and other interested persons may obtain more detailed information regarding the names and interests in the transaction of Alussa Energy’s directors and officers in Alussa Energy’s and FREYR Battery’s filings with the SEC, including when filed, the S-4 and the Proxy Statement. These documents can be obtained free of charge from the sources indicated above.
Source: FREYR Battery
For Alussa Energy:
Chi Chow
Investor Relations
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Tel: (+1) 929-303-6514
For FREYR:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Harald Bjørland
Investor Relations
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Tel: (+47) 908 58 221
Data-driven water conservation software provider Banyan Water achieves milestone as record-breaking droughts threaten regional water supplies
AUSTIN, Texas--(BUSINESS WIRE)--Banyan Water, the leading provider of data-driven water conservation software for the built environment, announced today it has saved 4 billion gallons of water for enterprises since its inception, with 530 million gallons conserved and $36 million in asset value created in 2020.
Banyan released its water savings achievement as the southwestern U.S. faces a historic drought, with more states today experiencing exceptional drought conditions than in the past two decades, according to the U.S. Drought Monitor. Amid severe dryness, plunging water reserves and lower-than-average precipitation, Banyan is the only total water management solution spearheading effective, enterprise-level water conservation by decreasing consumption and mitigating risks that lead to unnecessary water loss.
“We’ve reached a critical tipping point for water conservation as worsening droughts grip the nation and cities confront strained resources, aging water infrastructures, rising water rates and population growth,” said Gillan Taddune, CEO of Banyan. “Water is a finite resource. We can’t wait until we run out to create meaningful change in water management. If enterprise leaders don’t take responsible action now, they risk dangerous consequences that could last for generations. Banyan Water is proud to deploy intelligent water software solutions that have saved 4 billion gallons of water for our customers.”
Using IoT-enabled, SaaS-based water technologies—such as Banyan Water Central, a total water management platform—Banyan analyzes real-time data to monitor water usage and pinpoint hidden anomalies. It detected 505 irrigation leaks in 2020 alone, saving $1.75 million.
To learn more about Banyan and how to take control of your property’s water usage, visit www.banyanwater.com.
About Banyan Water
Founded in 2011, Banyan Water is the leading provider of data-driven water conservation software for the built environment. Using smart devices and real-time monitoring and analytics, Banyan protects Earth’s most precious resource while generating untapped revenue for clients. Since the company’s inception, Banyan has saved more than 4 billion gallons of water—equivalent to the resources required to make over 150 million pints of beer—secured the esteemed EPA WaterSense label on select products, and, in 2020, increased customer asset value by $36 million. For more information, visit www.banyanwater.com.
Pam Olszewski
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(c) 512-662-8551
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced it has been added to the Russell 2000® Index as of June 28, 2021 as part of Russell Investments' annual reconstitution of its comprehensive set of U.S. and global equity indexes.
“We are pleased to be included in the Russell 2000® Index, one of the most widely used performance benchmarks for small-cap companies,” said Jon Pertchik, Chief Executive Officer of TA. “This is an important milestone for TA, and we look forward to the broadened visibility in the investment community and improved liquidity that we expect from our inclusion in Russell’s world-class market index.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, convenience stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and 9 proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Warning Regarding Forward Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, this press release states that TA expects the broadened awareness among the investment community and improved liquidity from its inclusion in the Russell 2000® Index. Also, whenever TA uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, "will", “may” and negatives or derivatives of these or similar expressions, TA is making forward-looking statements. These forward-looking statements are based upon TA’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur or may not have the effects TA expects. Actual results may differ materially from those contained in or implied by TA’s forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including those set forth in TA’s filings with the Securities and Exchange Commission, some of which are beyond TA’s control.
Kristin Brown, Director, Investor Relations
(617) 796-8251
www.ta-petro.com
Fully Autonomous DANNAR 4.00 Mobile Power Station Unveiled
CLARKSBURG, Md.--(BUSINESS WIRE)--Robotic Research (rr.ai), a global leader in autonomous driving systems, announced today that it was selected by DD DANNAR, LLC (“DANNAR”) to be the preferred autonomy provider for the company’s Mobile Power Station (MPS) platforms.
Robotic Research and DANNAR recently demonstrated the fully autonomous DANNAR 4.00 MPS, which served as both an unmanned logistics vehicle and mobile power station, at the Electric & Unmanned Logistics Demo Day, held on June 23 at Marine Corps Air Station Miramar.
“We are excited to be working DANNAR,” said Edward Mottern, COO at Robotic Research. “They produce off-road, heavy-duty, all-electric platforms that are already very versatile. Now add to them our robust autonomy solutions, and you have a platform that’s clean, intelligent, and ready to tackle a host of missions at home or abroad.”
The DANNAR 4.00 MPS base configuration comes with 125 kWh BMW i3 Li-Ion batteries. But it can be upgraded with up to a 504 kWh of onboard electricity, to serve as a mobile micro-grid while carrying hydraulic tools. Tough and durable, the base MPS model shown and listed on GSA can operate in four feet of water, weighs approximately 15,000 pounds, and is able to carry a payload of 15,000 pounds.
During the Electric & Unmanned Logistics Demo Day, the two companies demonstrated how an unmanned DANNAR 4.00 MPS can be used to deliver supplies and energy on the battlefield. The platform’s energy storage capacity places it in a prime position to be the fuel truck of the electrified battlefield.
“Given their utility, our MPS vehicles are often deployed in environments that are not always safe for operators,” said Gary Dannar, President and CEO of DANNAR. “The autonomous capability available through Robotic Research gives our customers yet another way to achieve their goals while keeping personnel safe.”
The Electric & Unmanned Logistics Demo Day came a day before the Electric Mobility Symposium, which featured demonstrations and panels on energy, connectivity, and autonomy solutions and how, combined, they benefit military installations and municipalities. Both the demo day and symposium were held at Marine Corps Air Station Miramar under the auspices of the NavalX SoCal Tech Bridge and its director, Lt. Col. Brandon Newell.
“The Electric & Unmanned Logistics Demo Day and Electric Mobility Symposium were about showing the art of the possible,” said Mottern. “We believe that autonomy has a major role to play in both civilian infrastructure and the modern battlefield.”
About Robotic Research
Robotic Research is a global technology company specializing in autonomy and platooning solutions for commercial and defense customers. Founded in 2002, the Company has been a trusted technology partner to the public and private sector for nearly twenty years. From people to platforms, at home or overseas, Robotic Research is driven to make the way you move smarter, safer, and more efficient.
To learn more about Robotic Research, visit www.rr.ai, and follow us on Twitter and LinkedIn.
About DANNAR
Headquartered in Muncie, Indiana, DD DANNAR, LLC (DANNAR) manufactures the revolutionary Mobile Power Station (MPS), the first zero-emission modular platform that functions as both a multi-purpose off-road work vehicle and offers a grid-scale auxiliary power supply. The DANNAR MPS can be customized with over 250 commercially available work attachments. It can also provide up to 500 kWh of on-demand electricity, via a configurable export panel.
With all-wheel-drive, remote and autonomous capabilities, the MPS can be deployed in a range of operating environments, especially in those that are unsafe for personnel. More information is available via the web at www.dannar.us.com.
Robotic Research Contact
Taylor Smith
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DANNAR Contact
Donna Marie Bertrand
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COEUR D’ALENE, Idaho & NEW YORK--(BUSINESS WIRE)--KORE Power, Inc., (“KORE Power” or “KORE”) the leading U.S.-based developer of battery cell technology for the energy storage and electric transportation industries, announced that it has formed a strategic partnership with Cleanhill Partners (“Cleanhill”), a private equity firm pursuing investments in the energy transition sector that contribute to decarbonization. Cleanhill has invested in KORE Power as part of the strategic partnership.
Rakesh Wilson and Ash Upadhyaya, founders of Cleanhill, have joined KORE Power as special advisors to Founder and CEO Lindsay Gorrill. As veterans of the energy finance and investment sector, Rakesh and Ash will guide KORE’s strategy on growth and investment opportunities.
“Rakesh and Ash bring over 40 years of combined experience in ESG, power, energy and infrastructure,” said CEO Lindsay Gorrill. “We are excited to partner with them to tap into their rich experience to position KORE as the leader in the energy transition sector.”
Ash Upadhyaya is a founder and Managing Partner at Cleanhill Partners. He has over 20 years of experience in private equity and engineering, focusing on the energy value chain. Ash was a Managing Director at Centerbridge Partners and a Director at KKR. He has engineering degrees from Stanford University and the University of Mumbai and an MBA from Stanford University.
“I’m thrilled to work with KORE Power to expand the design and manufacturing of lithium-ion battery cells in the U.S.,” said Ash. “Through my experience with energy storage, I see the critical role that batteries will play in the clean energy transition. I look forward to adding value to KORE’s expert team.”
Rakesh Wilson has over 20 years of energy finance and private equity experience and is a founder and Managing Partner at Cleanhill Partners. He previously served as a Senior Partner at Apollo Global Management and led private equity investments across the energy value chain. Rakesh was also with Morgan Stanley’s Commodities Division and Goldman Sachs’ investment banking and equity research divisions. He graduated from the University of Texas at Austin and received his MBA from INSEAD, Fontainebleau, France.
“Working with KORE Power is a natural extension of my work on battery storage projects, renewable infrastructure, distributed generation, energy trading funds and carbon offsets,” said Rakesh. “The lithium-ion cell is at the center of the clean energy future, and I look forward to accelerating the clean energy transition by working with KORE.”
Evercore served as financial advisor to KORE Power and Kirkland & Ellis LLP served as legal counsel to Cleanhill Partners.
ABOUT KORE Power
KORE Power, Inc., is a leading US-based developer of battery cell technology for the clean energy industry, serving energy storage, e-mobility, utility, industrial and mission-critical markets across the globe. KORE Power designs and manufactures its proprietary NMC and LFP cells, VDA modules and packs, optimized by the battery management system. Through its global partnerships, KORE designs and manufactures top-tier energy storage systems (ESS).
KORE Power’s differentiated approach provides customers with direct access, unparalleled service, superior technology, and Tier 1 product availability. We care about building sustainable communities, clean energy jobs and green economic expansion. KORE Power is proud to offer a functional solution to real-world problems that fulfill growing market demand and contribute to a zero-carbon future. For more information, visit www.korepower.com.
ABOUT Cleanhill Partners
Cleanhill Partners is a private equity firm pursuing investments in the energy transition sector that contribute to decarbonization. We invest in scalable businesses with visibility into revenues, earnings and cash flow growth. We leverage our thesis-driven approach and our operational expertise to enhance value in each of our investments. Our long-term investment philosophy to decarbonize and create value aligns our stakeholders, our communities and the businesses we invest in. The firm has offices in New York and Houston. To learn more, please visit www.cleanhillpartners.com.
Peter Gray
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(312) 883-5044
Aleysha Newton
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(208) 758-9392
PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a five-year, $37 million single-award contract to promote the socioeconomic empowerment of women and girls in Colombia.
Through the USAID Generating Equity Activity, Tetra Tech will support the Government of Colombia to empower women and girls by engaging the public and private sector to reduce gender-based violence, transform gender norms and attitudes, create economic opportunities for women, and improve awareness and implementation of gender-related policies and services.
Tetra Tech’s team of economic and gender specialists will work with public and private sector partners to improve local capacities to achieve equity and improve economic outcomes for Colombian women. Efforts will focus on the most vulnerable groups including Afro-Colombian, indigenous, LGBTQI+ populations, migrants, and women with disabilities. Tetra Tech also will support Colombian institutions and partners to engage men and boys to positively transform gender norms.
“Tetra Tech has supported USAID to enhance economic opportunity and promote conditions for peace in Colombia for more than 20 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to combining Tetra Tech’s focus on diversity, equity, and inclusion with our technical expertise in economic empowerment and gender integration to strengthen women’s equity in Colombia.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss its second quarter 2021 operational and financial results on Tuesday, August 3 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s second quarter 2021 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Brian Corales
713-842-9036
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First hybrid cloud solution for the OSDU™ Data Platform—the industry standard for energy data—is ready for customer deployment
LONDON & ARMONK, N.Y.--(BUSINESS WIRE)--Regulatory News:
Schlumberger and IBM announced today the industry’s first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The hybrid cloud offering is designed to expand access to customers globally—including those in locations where data residency requirements and local regulations may affect the use of global public cloud—and is engineered to reduce time for analysis and accelerate decision-making, with all workflow data available in one place.
This solution will provide energy operators with full interoperability, making their data accessible by any application within their exploration to production (E&P) environment through the OSDU common data standard to enable easy sharing of information between teams. This data solution is engineered to minimize the time for data transfers between applications to deliver reduced costs as well as enabling improved decision making.
“As momentum grows for the OSDU Data Platform, we are offering the industry’s first commercial hybrid cloud Enterprise Data Management Solution to leverage its advanced capabilities to help customers in all regions make faster decisions and optimize operational efficiency,” said Rajeev Sonthalia, president Digital & Integration, Schlumberger. “Our solution was developed to accelerate digitalization for all by enabling data to be connected and managed at an unprecedented scale, empowering AI and data analytics workflows that deliver new insights for operators to help drive increased production, cost optimization, and improved business performance.”
“This collaboration is a game changer for energy operators to drive higher performance and greater efficiencies by now enabling integrated workflows and innovation using AI. The hybrid cloud solution allows clients to maintain the sovereignty of their data and also gives them options as to how they choose to leverage the solution, with the freedom to deploy on a range of infrastructures or a regional cloud provider,” said Manish Chawla, global industry managing director, energy, resources and manufacturing, IBM. “Open Data for Industries on Cloud Pak for Data is one of the key technologies which enables the OSDU solution deployment for Schlumberger.”
The collaboration builds on the work between Schlumberger and IBM to leverage the Red Hat OpenShift Container Platform for deployment of the DELFI* cognitive E&P environment in all regions, worldwide. The solution will be offered by Schlumberger; all transition and managed services will be provided by Schlumberger and IBM Services. Schlumberger is an IBM ecosystem partner, and since the initial announcement the two companies have made significant advancements to engage customers in focus regions around the world, including the Middle East.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
About Red Hat
Red Hat is the world's leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.
About IBM
IBM combines technology with industry expertise to help Oil & Gas clients digitally reinvent their businesses for resilience and sustainability. Pioneering advances in materials science from IBM Research accelerate energy transition. Data science and AI take the guesswork out of exploration. Predictive asset management raises production throughput. Supply chain insights and blockchain build trust and transparency across the downstream ecosystem. Customer experience experts reshape consumer connections at the gas pump or electric charge station. Through these solutions IBM helps Oil & Gas clients emerge smarter. For further information visit: https://www.ibm.com/industries/oil-gas
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
*Mark of Schlumberger.
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Ken Saunders – External Relations, IBM
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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DUBLIN--(BUSINESS WIRE)--The "Boat Building Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
The global boat building market reached a value of nearly $34,757.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.4% since 2015.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider lending market, and compares it with other markets.
The market is expected to grow from $34,757.8 million in 2020 to $48,358.0 million in 2025 at a rate of 6.8%. The market is then expected to grow at a CAGR of 5.3% from 2025 and reach $62,678.1 million in 2030.
Growth in the historic period in the boat building market resulted from rising population, increase in demand for recreational boats, low interest rates, and strong economic growth in emerging markets. The market was restrained by intense competition, weak wage growth in developed economies, and narrowing price-cost gap.
Going forward technological advances, rapid urbanization, and rise in investment in the maritime industry will drive the growth in the boat building market. Factors that could hinder the growth of the market in the future include reductions in free trade, oil price volatility, increasing maritime incidents, and coronavirus pandemic.
The boat building market is segmented by type into recreational boats, commercial boats, and military boats. The recreational boats market was the largest segment of the boat building market segmented by type, accounting for 73.8% of the total in 2020. Going forward, the recreational boats segment is expected to be the fastest growing segment in the boat building market segmented by type, at a CAGR of 7.3% during 2020-2025.
The boat building market is also segmented by propulsion into motor boats and sail boats. The motor boats market was the largest segment of the boat building market segmented by propulsion, accounting for 78.6% of the total in 2020. Going forward, the motor boats segment is expected to be the fastest growing segment in the boat building market segmented by propulsion, at a CAGR of 5.2% during 2020-2025.
The boat building market is also application into private use, commercial use, and military use. The private use market was the largest segment of the boat building market segmented by application, accounting for 51.6% of the total in 2020. Going forward, the private use segment is expected to be the fastest growing segment in the boat building market segmented by application, at a CAGR of 7.3% during 2020-2025.
North America was the largest region in the boat building market, accounting for 37.2% of the total in 2020. It was followed by the Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the boat building market will be Middle east and the Africa where growth will be at CAGRs of 9.4% and 8.6% respectively during 2020-2025. These will be followed by North America and South America, where the markets are expected to register CAGRs of 7.9% and 7.3% respectively during 2020-2025.
The boat building market is moderately fragmented with a large number of regional players dominating the market. The top ten competitors in the market made up to 20.42% of the total market in 2020. The key players in the boat building are focusing on expanding their operational and business presence in the sector through new product developments, new facility establishments to expand their production activities, distribution agreements with suppliers in the developing countries.
The key players in the boat building market includes Brunswick Boat Group, General Dynamics, Azimut-Benetti Group, Ferretti S. P. A., Correct Craft, Malibu Boats Inc., Mastercraft Boat Holdings, Marine Products Corporation, and Smoker Craft Boats.
The top opportunities in the boat building market segmented by type will arise in the recreational boats segment, which will gain $10,780.1 million of global annual sales by 2025. The top opportunities in the boat building market segmented by propulsion will arise in the motor boats segment, which will gain $11,453.7 million of global annual sales by 2025.
The top opportunities in the boat building market segmented by application will arise in the offline segment, which will gain $7,456.1 million of global annual sales by 2025. The boat building market size will gain the most in USA at $5,609.0 million.
Market-trend-based strategies for the boat building market include autonomous boats, 3d printing, application of robotics, and advanced composite materials for boat building. Player-adopted strategies in the boat building market include investing in expanding manufacturing operations, improving infrastructure and acquisitions and mergers to strengthen their service offerings.
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/30tque
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Ocean trade platform to streamline booking and shipping instructions for COSCO customers
AUSTIN, Texas & SHANGHAI--(BUSINESS WIRE)--E2open (NYSE: ETWO), a leading network-based provider of 100% cloud-based, mission-critical, end-to-end supply chain management software, and COSCO Shipping Corporation Limited (COSCO), a Chinese multinational transportation conglomerate, today announced an extension of their partnership through 2023. COSCO will continue to utilize the INTTRA by E2open (E2open) platform for a portion of its cargo shipment bookings and instructions.
E2open’s digital platform that manages more than 200,000 ocean freight container bookings a day, serves as a single, one-stop location where beneficial cargo owners (BCOs), logistics service providers (LSPs), freight forwarders and any other entity conveying goods can rate and book ocean shipments. E2open provides comprehensive booking services for ocean carriers through a well-maintained, secure and user-friendly system.
COSCO SHIPPING Lines is a fully owned subsidiary of COSCO SHIPPING Holdings Co., Ltd. By the end of December 2020, the company owned and operated 423 container vessels with a total capacity of 2.3 million TEUs. COSCO SHIPPING Lines operates 265 international services (including international feeder services), having anchors in 352 ports covering 105 countries and regions worldwide.
In addition to booking and shipping instruction submissions, COSCO utilizes E2open’s eVGM service to facilitate global container weight compliance by COSCO and its customers. The International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment requires every container to have a VGM (or certified weight) in order to be loaded onto a ship. This eVGM service provides operational capabilities for digital submission, receipt, processing and auditing of SOLAS-compliant data for shippers and carriers.
“We are proud of the work we have done together and look forward to the continuation of our relationship with COSCO,” said Santosh Nanda, general manager at E2open. “From electronic booking to shipping instructions to eVGM, our expansive platform has and will continue to provide COSCO’s customers with the highest quality services and help them better navigate the current chaotic shipping environment.”
About COSCO SHIPPING Lines
As of February 28, 2019, the total fleet of COSCO SHIPPING comprises of 1,274 vessels with a capacity of 101.95 million DWT, ranking No.1 in the world. Its container fleet capacity is 2.94 million TEU, ranking the third in the world. Its dry bulk fleet (418 vessels/39.19 million DWT), tanker fleet (195 vessels/24.95 million DWT) and general and specialized cargo fleet (166 vessels/4.57 million DWT) are all topping the world’s list.
Thanks to its complete global service network, COSCO SHIPPING has become a top international brand. The upstream and downstream links along the industry chain, such as terminals, logistics, shipping finance, ship repair and shipbuilding, have formed a sound industrial structure. The Corporation has invested in 56 terminals, including over 51 container terminals, all over the world. The annual throughput of its container terminals amounts to 118.72 million TEU, taking the first place worldwide; the global sales volume of its bunker fuel exceeds 29 million tons, which is the largest in the world; and the container leasing business scale surpasses 2.7 million TEU, the third largest in the world. Its offshore engineering manufacturing competence and vessel agency business are also leading in the world.
About E2open
At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply, logistics and global trade ecosystems. E2open is changing everything. Demand. Supply. Delivered. Visit www.e2open.com.
E2open, the E2open logo and INTTRA by E2open are registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.
Sales and Customer Information:
Diane Mitchell | VP, Marketing | E2open | This email address is being protected from spambots. You need JavaScript enabled to view it. | 512-735-5692
Media Contact:
WE Communications for E2open | This email address is being protected from spambots. You need JavaScript enabled to view it. | 512-527-7029
United Utilities to Deploy Temetra, Itron’s Cloud-based Meter Data Collection and Management Solution, to Improve Water Delivery and Management
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Cloud--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that it signed a contract with United Utilities to deploy Temetra, Itron’s next-generation cloud-based meter management solution, to optimize operations. With Temetra, the utility will be equipped to read 1.6 million meters to improve water delivery and management across its services in northwest England.
United Utilities will deploy Temetra to optimise its operations and improve customer engagement. With full mobile integration, Temetra will enable the utility to automate meter reading and meter reads will be securely stored on the cloud. Featuring an intuitive web-based interface and powerful mapping functionality, Temetra will equip United Utilities to modify meter data and assignments anywhere with a simple web login. The utility will use Temetra’s powerful Georouting functionality to automatically assign work to meter readers across their operating area and integrate Temetra’s appointment booking functionality with their in-house customer service systems to better respond to and serve the requests of its customers.
“With deep industry expertise, Itron is providing water utilities with the insights and technology to enhance operational efficiency and deliver reliable water service to millions of homes and businesses,” said Don Reeves, senior vice president of Outcomes at Itron. “By taking advantage of our industry-leading cloud services, United Utilities will be able to satisfy all of their current operational water data management needs to enable greater operational efficiency and customer satisfaction.”
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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DALLAS & FORT WORTH, Texas & COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) today announced that they have signed a Letter of Intent for Cummins to acquire a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises.
The proposed transaction is expected to close later this year, subject to completion of customary pre-closing activities and entering into mutually agreeable transaction documentation. The joint venture between Rush Enterprises and Cummins will produce Cummins-branded natural gas fuel delivery systems for the commercial vehicle market in North America, combining the strengths of Momentum Fuel Technologies’ compressed natural gas (CNG) fuel delivery systems, Cummins’ powertrain expertise, and the engineering and support infrastructure of both companies.
“This collaboration shows Cummins’ continued commitment to natural gas powertrains,” said Srikanth Padmanabhan, President of the Engine Business at Cummins. “This partnership will improve customers service for both CNG and RNG through an improved support network. We are thrilled to expand our network of clean and reliable power solutions.”
“The immediate environmental benefits of CNG and RNG, combined with upcoming regulatory requirements, will drive growth in natural gas vehicles for the foreseeable future,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President, Rush Enterprises, Inc. “This partnership will enable Rush Enterprises to continue to provide unparalleled support to our customers through our mutual, wide-ranging portfolio of Cummins’ and RushCare aftermarket solutions and keep trucks up and running across the country.”
The joint venture will offer aftermarket support through Rush Truck Centers dealerships and Cummins distributors which will be able to service both the engine and the fuel delivery system. The partnership between Cummins and Rush Enterprises will benefit customers by providing them with access to an extensive CNG vehicle parts and service network; both Cummins’ and Rush Enterprises’ respective networks, which together represent over 250 locations in the US and Canada, will be equipped with certified technicians and access to a comprehensive CNG vehicle parts inventory.
About Rush Enterprises, Inc.
Rush Enterprises, Inc. is the premier solutions provider to the commercial vehicle industry. The Company owns and operates Rush Truck Centers, the largest network of commercial vehicle dealerships in the United States, with more than 100 dealership locations in 22 states. These vehicle centers, strategically located in high traffic areas on or near major highways throughout the United States, represent truck and bus manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, FUSO, IC Bus and Blue Bird. They offer an integrated approach to meeting customer needs — from sales of new and used vehicles to aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental. Rush Enterprises' operations also provide CNG fuel systems, telematics products and other vehicle technologies, as well as vehicle up-fitting, chrome accessories and tires. For more information, please visit us at www.rushtruckcenters.com, www.rushenterprises.com and www.rushtruckcentersracing.com, on Twitter @rushtruckcenter and Facebook.com/rushtruckcenters.
About Momentum Fuel Technologies.
Momentum Fuel Technologies, headquartered in the Dallas-Fort Worth Metroplex, is the industry’s first complete compressed natural gas (CNG) fuel system solution for Class 6-8 vehicles. A division of Rush Enterprises, the company officially launched in 2015 and is a vertically integrated provider of fuel system solutions, featuring state-of-the-art engineering, design and manufacturing processes, complete system installation capabilities and the industry’s most comprehensive sales, service and support network. For more information, please visit www.momentumfueltech.com.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.
Jon Mills
Cummins Inc.
317-658-4540
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Built for the Challenge Highlights Company’s Resiliency, Responsible Operations and Response to COVID-19
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) today published its 2020 Corporate Responsibility (CR) report, titled Built for the Challenge. The report details Cheniere’s strategy and progress on environmental, social and governance (ESG) issues, and highlights the company’s resiliency, responsible actions and response during a period overshadowed by the global COVID-19 pandemic. The report also spotlights Cheniere’s recent efforts on integrating climate considerations into its business strategy and taking a leadership position on increased environmental transparency, including conducting a climate scenario analysis aligned with TCFD recommendations, and announcing the company’s plan to provide LNG customers with Cargo Emissions Tags.
“For Cheniere, 2020 will be remembered as a year when our business and people were tested like no other and proved that we really are Built for the Challenge,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “Whether it was keeping our workplace safe and healthy during the COVID-19 pandemic and multiple hurricanes, addressing Diversity, Equity and Inclusion, or taking action on integrating climate into our platform, 2020 was a year of remarkable progress and triumph in the face of significant challenges.”
Built for the Challenge is online at cheniere.com/IMPACT
The report aligns with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainable Accounting Standards Board (SASB) and other leading reporting standards. It documents Cheniere’s progress across six focus areas – Climate, Environment, Team, Health and Safety, Community and Governance. It also includes three global issue features on the energy transition; Diversity, Equity and Inclusion; and Cheniere’s COVID-19 response. Highlights from the report include:
Built for the Challenge builds on Cheniere’s inaugural CR report published last year -- First and Forward – and the company’s overall efforts to continually benchmark and assess Cheniere’s actions on key ESG issues. For more information, please visit cheniere.com.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
Supports FireBird Energy’s Commitment to Significantly Reducing CO2 Emissions
ARLINGTON, Texas--(BUSINESS WIRE)--Priority Power Management, LLC (“Priority Power”), an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, announced that it has entered into a Solar Development Services Agreement (“DSA”) with FireBird Energy LLC (“FireBird Energy”), an upstream oil and gas company operating numerous properties in the Midland Basin.
Under the DSA, Priority Power will develop a 6.5 megawatt solar photovoltaic facility located on 50 acres of FireBird Energy’s land near Odessa, Texas in Ector County. FireBird Energy’s private primary distribution system will serve as the point of interconnection behind the utility meter.
Priority Power will develop, finance, engineer, construct, operate, and maintain the solar facility without upfront cost to FireBird Energy. FireBird Energy will enter into a 10-year Power Purchase Agreement (“PPA”) for the renewable energy produced from the solar facility. The PPA will integrate with all existing and future supply agreements managed by Priority Power.
Over its lifetime, the project will secure significant financial savings and environmental benefits for FireBird Energy. An estimated 136 million kilowatt hours of clean power will be reliably delivered from the solar facility for use by FireBird in its operations, or the equivalent of nearly 54,000 metric tons of CO2 emissions avoided, according to the Environmental Protection Agency (EPA).
“Reducing our carbon footprint is key to our environmental stewardship and social responsibility goals,” said Travis F. Thompson, Chief Executive Officer of FireBird Energy. “This agreement illustrates both our commitment to leading the way toward improved sustainability in the upstream sector and Priority Power’s ability to work seamlessly with our team, leveraging their experience, to achieve our objectives.”
“We applaud FireBird Energy for their proactive leadership in striving to produce low-cost energy for our country while reducing their environmental footprint,” said John Bick, Chief Commercial Officer of Priority Power. “Our entire development process was tailored to FireBird’s specific needs and objectives, and will deliver operational savings while reducing their carbon footprint.”
About Priority Power Management, LLC
Priority Power is an independent energy solutions provider focused on energy infrastructure, energy transition program management, market intelligence operations, and energy structuring. Priority Power serves over 6,700 clients, totaling $2.7 billion in energy spend and 94 TWh of electricity managed across 31 states, including serving one-third of Texas’ Top 100 independent oil and gas producers and leading midstream and long-haul pipeline companies. The Company prioritizes energy efficiency and seeks to leverage its engineering, procurement, construction, and market expertise to aid in decarbonization of the industrial economy. For more information on Priority Power, please visit www.prioritypower.com.
About Firebird Energy LLC
FireBird Energy is a Fort Worth, Texas-based upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. With a strong long-term commitment from its ownership and an innovative and experienced management team in place in both its Fort Worth and Midland offices, FireBird is well positioned to aggressively target and execute on further strategic acquisition opportunities and to develop its properties in a fiscally and socially responsible manner for the benefit of all of its stakeholders. For more information, please visit www.firebirdenergy.com.
Priority Power
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First hybrid cloud solution for the OSDU™ Data Platform—the industry standard for energy data—is ready for customer deployment
LONDON & ARMONK, N.Y.--(BUSINESS WIRE)--Schlumberger and IBM announced today the industry’s first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The hybrid cloud offering is designed to expand access to customers globally—including those in locations where data residency requirements and local regulations may affect the use of global public cloud—and is engineered to reduce time for analysis and accelerate decision-making, with all workflow data available in one place.
This solution will provide energy operators with full interoperability, making their data accessible by any application within their exploration to production (E&P) environment through the OSDU common data standard to enable easy sharing of information between teams. This data solution is engineered to minimize the time for data transfers between applications to deliver reduced costs as well as enabling improved decision making.
“As momentum grows for the OSDU Data Platform, we are offering the industry’s first commercial hybrid cloud Enterprise Data Management Solution to leverage its advanced capabilities to help customers in all regions make faster decisions and optimize operational efficiency,” said Rajeev Sonthalia, president Digital & Integration, Schlumberger. “Our solution was developed to accelerate digitalization for all by enabling data to be connected and managed at an unprecedented scale, empowering AI and data analytics workflows that deliver new insights for operators to help drive increased production, cost optimization, and improved business performance.”
“This collaboration is a game changer for energy operators to drive higher performance and greater efficiencies by now enabling integrated workflows and innovation using AI. The hybrid cloud solution allows clients to maintain the sovereignty of their data and also gives them options as to how they choose to leverage the solution, with the freedom to deploy on a range of infrastructures or a regional cloud provider,” said Manish Chawla, global industry managing director, energy, resources and manufacturing, IBM. “Open Data for Industries on Cloud Pak for Data is one of the key technologies which enables the OSDU solution deployment for Schlumberger.”
The collaboration builds on the work between Schlumberger and IBM to leverage the Red Hat OpenShift Container Platform for deployment of the DELFI* cognitive E&P environment in all regions, worldwide. The solution will be offered by Schlumberger; all transition and managed services will be provided by Schlumberger and IBM Services. Schlumberger is an IBM ecosystem partner, and since the initial announcement the two companies have made significant advancements to engage customers in focus regions around the world, including the Middle East.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
About Red Hat
Red Hat is the world's leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.
About IBM
IBM combines technology with industry expertise to help Oil & Gas clients digitally reinvent their businesses for resilience and sustainability. Pioneering advances in materials science from IBM Research accelerate energy transition. Data science and AI take the guesswork out of exploration. Predictive asset management raises production throughput. Supply chain insights and blockchain build trust and transparency across the downstream ecosystem. Customer experience experts reshape consumer connections at the gas pump or electric charge station. Through these solutions IBM helps Oil & Gas clients emerge smarter. For further information visit: https://www.ibm.com/industries/oil-gas
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
*Mark of Schlumberger.
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DUBLIN--(BUSINESS WIRE)--The "Prospects for Public Infrastructure Projects, Middle East and Africa" report has been added to ResearchAndMarkets.com's offering.
This report provides a detailed analysis of the prospects for an acceleration in public infrastructure investment, including a listing of key projects.
Many governments across the region are attempting to step up investment in infrastructure to support the recovery from COVID-19 disruption and also as part of ambitious strategic plans to promote the private sector, improve connectivity and enhance competitiveness.
In the Middle East and North Africa (MENA), spending of at least 8.2% of GDP will be needed to meet the infrastructure goals by 2030, according to the World Bank, but infrastructure spending over the past decade has averaged just 3% of GDP.
Infrastructure financing has come mostly from public sector funds, but government finances have been hit hard by the impact of COVID-19 pandemic and the slump in oil prices in 2020, creating a requirement for regulatory frameworks and policies to attract greater private investment. When taking into consideration the five key factors, Saudi Arabia, the UAE, Qatar and Egypt are considered to have relatively good prospects for accelerating infrastructure investment.
Sub Saharan Africa has significant infrastructure needs, but despite the huge opportunities for investment, funding remains insufficient. Most governments in the region have had to use limited resources to provide COVID-19 support policies. The immediate requirements to deal with both economic and humanitarian crises has generally prevented governments from being able to focus policies on infrastructure investment, but efforts to boost growth will be stepped up.
This will be driven by ongoing investment in infrastructure and the expansion of oil production, as well as expansion in the energy sector, in order to achieve sustainable social and economic development milestones, which will help make individual countries more resilient. Tanzania stands out as having good prospects for accelerating infrastructure, along with Cameroon, Ghana and Kenya.
Given the increased focus on infrastructure investment as a potential path to generate growth momentum to support the recovery from the COVID-19 crisis, the publisher has assessed the potential for governments to succeed with such efforts as well as illustrating scenarios reflecting this
Scope
Reasons to Buy
Public Infrastructure Prospects
For more information about this report visit https://www.researchandmarkets.com/r/c3wiwb
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BOSTON--(BUSINESS WIRE)--#BuildBackGreener--Schneider Electric, the global leader in the digital transformation of energy management and automation and #1 builder of microgrids in the world, and the Footprint Project, a Minnesota-based non-profit organization committed to providing rapidly deployable clean energy for communities in crisis, announced their partnership to help bring power to people and communities impacted by weather and climate disasters by mobilizing microgrids.
As climate emergencies and disasters become more frequent, collapsing energy infrastructures threaten the safety and welfare of citizens. When disaster strikes and emergency teams are deployed to bring power back online, communities need immediate, resilient solutions. Through the mobilization of small microgrids, both solar and battery powered, Footprint Project and Schneider Electric will work together to power first response and early recovery to local communities via reliable electricity resources for personal, medical and communication needs. The microgrid solutions will bring power back to people across the U.S. in crisis and build back greener, mobilizing cleaner energy.
“Schneider Electric is committed to working with strategic partners who better our community. Footprint Project is the perfect partner to help us bring environmentally and financially sustainable mobile microgrids to communities that need it most,” said Tom Pitts, Safety and Environment Director of Sustainable Development for Schneider Electric. “As disasters continue to impact people around the world, our hope is that by building communities back greener, we can create long-term resilient solutions to give a sense of relief to those reeling from the unexpected.”
The Footprint Project works through mutual aid and volunteer groups to mobilize gently used, portable microgrids and other clean energy technology to respond quickly, creating mobile infrastructure for communities in need. Since its founding, the organization has deployed 45+ kw of mobile solar and 170+ kWh of mobile battery storage to 10+ disaster response and recovery missions which has provided emergency clean power access to 14,000+ U.S. citizens.
“We are thrilled to be working with Schneider Electric to provide solutions for those in critical need. Through their dedication of funds, time, equipment, and storage space, we will be able to mobilize in new areas and help reach more people in need when disaster strikes, while providing cleaner, resilient solutions,” said Will Heegaard, Founder and Operations Director for Footprint Project. There is an excess of communities in need, and Footprint, along with local advocates, aim to help. “Volunteers believe in this so much, they take it upon themselves to help mobilize solutions and triage resources,” Heegaard added.
Schneider Electric has so far donated $50,000 as a leading benefactor for the Footprint organization and is working on a new project to donate a solar photovoltaic (PV) inverter for a solar trailer build that will take place this August in Tennessee. Schneider smart grid experts aim to volunteer hours for this and parallel efforts for fixing and maintaining additional trailers that Footprint owns. Further, the teams plan to not only store these trailers at various Schneider facilities, but also to pre-stage them for natural disasters out of the normal impact zones, providing readiness solutions to help mobilize Footprint microgrids more quickly and efficiently, and supporting the shared goal to develop a standardized fleet of equipment that can be offered and maintained in crisis as well as during "blue sky events".
For more information about Schneider Electric's microgrid solutions, please visit www.schneider-electric.us/microgrid. For more information about Footprint Project’s recent work for communities in crisis, please visit www.footprintproject.org.
About Footprint Project
Footprint Project is a 501(c)3 non-profit disaster service organization that develops and deploys solar generator networks to empower community resilience. We work across the disaster management cycle to expand frontline access to cleaner technologies and reduce fossil fuel use in the field. Since 2018, we’ve mobilized solar generators to 10+ disaster response and recovery missions, providing emergency power access to 14,000+ US citizens.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software, and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure, and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Schneider Electric is the #1 builder of microgrids in the world, with over 300 successful projects deployed across the U.S.
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RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Riggs Distler & Company, Inc. (Riggs Distler), a portfolio company of funds managed by Oaktree Capital Management, L.P. (Oaktree), on its pending sale to Centuri Group, Inc. (Centuri), a wholly-owned subsidiary of Southwest Gas Holdings, Inc. (NYSE: SWX; SWGH). Riggs Distler is a leading provider of power and utility services throughout the Northeast and Mid-Atlantic regions of the United States. Under the terms of the transaction, Centuri will acquire a 100% ownership interest in Riggs Distler for $855 million. The transaction is being led by Drew Spitzer, Matt White, Greg Waller, Thomas Saunders and Phil Hart of the Harris Williams Energy, Power & Infrastructure (EPI) Group.
“Riggs Distler’s impressive suite of offerings in the utility and infrastructure sectors has helped the company develop a diverse and recurring client base,” said Drew Spitzer, a managing director at Harris Williams. “During its partnership with Oaktree, Riggs Distler unlocked new, transformative growth opportunities, including early entry into 5G and offshore wind infrastructure, while completing several highly accretive acquisitions which complement the platform. Their addition to the Centuri family of companies provides an attractive opportunity to expand operations across the Northeast and Mid-Atlantic regions, which are experiencing strong growth given increasing demand for utility infrastructure replacement and expansion work.”
“We continue to see tremendous interest across the broader utility services market, and Riggs Distler’s unique combination of market leadership and highly visible revenue streams provides a foundation in a market where resiliency continues to be one of the focal points for potential acquirors,” added Matt White, a managing director at Harris Williams.
“The industry expertise and attention to detail provided by Drew, Matt and the rest of Harris Williams was integral to this transaction,” said Stephen Zemaitatis, Jr. president and CEO of Riggs Distler. “We believe joining the Centuri enterprise will be an excellent opportunity for Riggs Distler as we embark on our next chapter, and all of us at Riggs Distler are grateful to have worked with Harris Williams to achieve this ideal outcome.”
Riggs Distler, based in Cherry Hill, New Jersey, is one of the largest utility contractors in the Northeast and Mid-Atlantic regions of the United States. The company has established itself as a leading provider of turnkey network and infrastructure maintenance, repair and upgrade solutions, with a focus on critical electric and gas services for clients in the power, industrial and utility industries. The company also sits at the forefront of several energy transition megatrends, with capabilities in smart meters, energy storage, EV charging infrastructure and renewables. In addition to its turnkey solutions for utility providers, Riggs Distler is the only provider in the region with a full suite of civil, mechanical, electrical and fabrication capabilities.
Oaktree is a leader among global investment managers specializing in alternative investments, with $153 billion in assets under management as of March 31, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide.
Centuri is a comprehensive utility infrastructure services enterprise dedicated to delivering a diverse array of solutions to North American gas and electric providers. Through sound investment, shared services, and an unwavering commitment to the safety of its employees and the communities it serves, Centuri supports the performance of its operating companies throughout the U.S. and Canada. Centuri is a subsidiary of Southwest Gas Holdings, Inc. (NYSE: SWX).
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams EPI Group has significant experience advising market leading providers of technology, services and products across a broad range of sectors. These sectors include energy management; infrastructure services; utility services; testing, inspection, and certification services; environmental services; engineering and construction; power products and technology; and energy technology. For more information on the Group’s experience, please visit the EPI Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: This email address is being protected from spambots. You need JavaScript enabled to view it.). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
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