CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or "Ampco-Pittsburgh") announced today the closing of its previously announced rights offering. At closing, the Corporation delivered up to 5,507,889 shares of the Corporation's common stock (the "Common Shares") and 12,339,256 Series A warrants for total gross proceeds of $19,278,854, excluding any proceeds that may be received by the Corporation from the future exercise of the Series A warrants.
The rights offering entitled Ampco-Pittsburgh's rights holders to purchase units consisting of Common Shares and Series A warrants to purchase Common Shares, which expire on August 1, 2025.
Rights holders who have participated in the rights offering will receive the Common Shares and Series A warrants in book-entry or uncertificated form, or through the facilities of DTC, as applicable. No physical stock or warrant certificates will be issued to such holders. Any excess subscription payments received by the Corporation's subscription agent, Broadridge Corporate Issuer Solutions, Inc., will be returned by the subscription agent to investors, without interest or deduction.
The Corporation's Series A warrants have been approved for listing on the NYSE American LLC ("NYSE American") and will commence trading effective at the open of markets on September 23, 2020, under the ticker symbol "AP WS". The Corporation's Common Shares will continue to trade on the New York Stock Exchange under the ticker symbol "AP".
Ampco-Pittsburgh engaged Advisory Group Equity Services, Ltd. d/b/a RHK Capital to act as dealer-manager for the rights offering. Counsel for Ampco-Pittsburgh was Cozen O’Connor and counsel for RHK Capital was Olshan Frome Wolosky LLP.
The offering was made pursuant to the Corporation's registration statement on Form S-1 (File No. 333-239446), which was declared effective by the U.S. Securities and Exchange Commission on August 13, 2020. The prospectus relating to and describing the terms of the rights offering has been filed with the SEC on August 17, 2020, and is available on the SEC's website at www.sec.gov.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
About RHK Capital
As registered representative of Advisory Group Equity Services, Ltd., the RHK Capital Investment Banking Group offers a wealth of Wall Street experience through our seasoned professionals for growth and middle market companies. We work with companies across a spectrum of strategies and sectors to help optimize the balance sheet and achieve their financial goals. RHK has become a leading boutique investment bank by developing strong relationships with our clients and the finance community. We have successfully managed deals for both public and private companies across various industries with a focus on producing results for our clients while maintaining the highest level of integrity.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by or on behalf of the Corporation. The information contained in this press release may include, but are not limited to, statements about undertaking the rights offering described herein, operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Act and words such as "may," "intend," "believe," "expect," "anticipate," "estimate," "project," "forecast" and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); new trade restrictions and regulatory burdens associated with "Brexit"; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation's operations and strategic plan; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully in documents filed with the SEC by the Corporation, particularly in the prospectus related to the rights offering and in Item 1A, Risk Factors, in Part I of the Corporation's latest annual report on Form 10-K, and Part II of the Corporation's Form 10-Q for the quarter ended June 30, 2020. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
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GALESBURG, Mich.--(BUSINESS WIRE)--Power management company Eaton today announced its Twin Vortices Series (TVS®) technology has proven to be an integral component in hydrogen fuel cell modules, which benefit from the precise air flow control offered by the TVS unit to operate at peak efficiency. The TVS fuel cell blower is electrically driven, providing accurate and fast air control to enable rapid fuel cell voltage control for transient duty cycles.
Eaton’s TVS technology is known throughout the transportation industry for its supercharged internal combustion engine applications, but minor modifications have made the unit ideal for fuel cells.
To operate efficiently, fuel cell stacks need precisely controlled air and hydrogen flow. Fuel cells are composed of proton exchange membranes layered between a positive electrode (cathode) and a negative electrode (anode). Hydrogen is introduced to the anode, and oxygen from the surrounding air is directed to the cathode. Hydrogen molecules then break into protons and electrons due to an electrochemical reaction in the fuel cell catalyst, enabling the protons to travel through the membrane to the cathode.
The number of layers of proton exchange membranes dictates the amount of power each individual stack can produce, which subsequently means the more stacks a vehicle has the more power it produces.
Unlike the TVS supercharger, the TVS fuel cell blower is covered by a housing and directly mounted to an electric motor, which operates in a range of 300 – 450 volts direct current and has no pulley or front cover. The electric motor can be calibrated to operate at fewer than 14,000 revolutions per minute. The technology is also scalable across a broad range of pump displacements and can be adapted to fit an individual customer’s specifications.
Eaton is already supplying TVS units to several customers for use in hydrogen-powered buses, with plans for increased production going forward. The next step in the TVS fuel cell program is developing units that enable next-generation fuel cells, which will have greater power density, pressure ratios, longer operational lifespan and improved noise, vibration and harshness levels.
Additional information is available on Eaton’s TVS fuel cell technology.
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 93,000 employees. For more information, visit www.eaton.com.
Thomas Nellenbach
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(216) 333-2876 (cell)
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announced today that Catherine MacGregor, President Technip Energies, will address attendees on Thursday, September 24, at 1:30 p.m. BST at the following event:
Bernstein 17th Annual Pan European Strategic Decisions Conference
September 23 – 24, 2020
Location: Virtual Conference
The access to the live webcast and accompanying presentation slides will be made available at the time of the event and can be accessed on the Investor Relations website. An audio replay of the webcast for the presentation will be available on this same website for 180 days.
About TechnipFMC
TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President Investor Relations
+1 281 260 3665
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Phillip Lindsay
Director Investor Relations (Europe)
+44 (0) 20 3429 3929
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Media relations
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SVP Corporate Engagement
+33 1 47 78 39 92
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the results from the first four Boros wells completed and turned to sales in its Stateline asset area in Eddy County, New Mexico.
Initial Boros Well Results in the Stateline Asset Area
Matador is pleased today to announce the results from the first four Boros wells completed and turned to sales in the Company’s Stateline asset area in southeastern Eddy County, New Mexico, all of which are two-mile laterals. Matador acquired the 2,800 gross and net acres comprising its Stateline asset area in the September 2018 Bureau of Land Management lease sale, and these are the first four of 13 Boros wells the Company has drilled and completed on the eastern portion of this leasehold. Matador remains on track to turn all of the remaining Boros wells to sales over the next two weeks as originally planned and previously announced.
The following table highlights the 24-hour initial potential (“IP”) test results from the first four Boros wells.
|
Completion |
24-hr IP |
BOE/d / |
Oil |
|
|||||
Asset Area/Well Name |
Interval |
(BOE/d) |
1,000 ft.(1) |
(%) |
Comments |
|||||
Stateline, Eddy County, NM |
|
|
|
|
|
|||||
Boros #201H |
Wolfcamp A-XY |
3,143 |
|
322 |
60% |
Tested 1,873 Bbl of oil per day and 7.6 MMcf of natural gas per day. |
||||
Boros #215H |
Wolfcamp A-Lower |
4,584 |
|
460 |
60% |
Tested 2,750 Bbl of oil per day and 11.0 MMcf of natural gas per day. |
||||
Boros #216H |
Wolfcamp A-Lower |
3,569 |
|
357 |
59% |
Tested 2,113 Bbl of oil per day and 8.7 MMcf of natural gas per day. |
||||
Boros #217H |
Wolfcamp A-Lower |
3,128 |
|
315 |
50% |
Tested 1,553 Bbl of oil per day and 9.4 MMcf of natural gas per day. |
(1) 24-hr IP per 1,000 feet of completed lateral length.
Matador is very pleased with these strong IP test results from the first four Boros wells. The IP test results from the Boros #215H, #216H and #217H wells are three of the top four IP test results that Matador has achieved to date for wells completed and turned to sales in the Wolfcamp A-Lower formation throughout the Delaware Basin. In fact, the Boros #215H test result is the best IP test result that Matador has achieved for the Wolfcamp A-Lower formation and is among the very highest IP test results that Matador has achieved for any formation in the Delaware Basin. The Boros #201H test result is also among the top five IP test results that Matador has achieved for wells completed and turned to sales in the Wolfcamp A-XY formation. Matador has a 100% working interest and an 87.5% net revenue interest in these Stateline asset area wells.
In addition, these 24-hour IP test results were recorded at very high flowing casing pressures of approximately 3,100 pounds per square inch (“psi”) for the Boros #201H well and between 3,500 and 3,800 psi for each of the Wolfcamp A-Lower completions, further indicating the strong productivity of these wells. As noted above, Matador expects to have all of the remaining Boros wells on-line over the next two weeks, and in fact, several additional wells have already been placed on production and are currently cleaning up and beginning to produce oil and natural gas. Matador currently estimates that it has at least 75 additional wells to drill in the Stateline asset area, including the 13 Voni wells currently being drilled on the western portion of this leasehold.
All four Boros wells highlighted in this release are currently producing at restricted flow rates through the Company’s newly constructed production facilities in the Stateline asset area, and all oil, natural gas and water from these wells is being gathered via pipeline. With the addition of these wells to the gathering systems owned by San Mateo, Matador’s 51% owned midstream affiliate, Matador currently has approximately 75% of its gross operated oil production and approximately 98% of its gross operated water production gathered via pipeline in the Delaware Basin. The Company’s gross operated oil production gathered via pipeline in the Delaware Basin has increased to approximately 75% today from 55% in 2019 and 16% in 2018. Similarly, Matador’s gross operated water production gathered via pipeline in the Delaware Basin has increased to approximately 98% today from 78% in 2019 and 71% in 2018.
Matador is also very pleased to report that the costs to drill and complete all 13 Boros wells in the Stateline asset area averaged just under $800 per completed lateral foot, saving more than 20% in costs as compared to Matador’s original estimates. The drilling and completion costs for the three shallowest wells, one Avalon completion and two Second Bone Spring completions, averaged approximately $725 per completed lateral foot. These costs are among the lowest drilling and completion costs per lateral foot that Matador has achieved to date in the Delaware Basin. The economic returns from all these wells should be significantly enhanced by the lower well costs. Furthermore, these results, along with numerous others that Matador has achieved in 2020, including from the Rodney Robinson and Ray State wells, continue to demonstrate the improved capital efficiency the Company has achieved through its successful transition from drilling and completing one-mile laterals to drilling and completing two-mile or longer laterals in the Delaware Basin.
Management Comments
Joseph Wm. Foran, Matador’s Chairman and CEO, commented, “We are very excited and gratified by the strong results from our first four Boros wells in the Stateline asset area, including our record Wolfcamp A-Lower IP test results on the Boros #215H, #216H and #217H wells. We look forward to putting the remaining Boros wells drilled and completed throughout 2020 on production and reporting those results to the markets in the upcoming weeks. We are, of course, particularly pleased by the drilling and completion costs achieved on these wells at under $800 per completed lateral foot, which were well below our expectations when we began drilling these wells. With the 13 Boros wells turned to sales, we are expecting a significant increase in our oil and natural gas production during the fourth quarter of 2020 and are also on track to be free cash flow positive in the fourth quarter, a major milestone.
“The Board and I wish to thank and compliment all of the members of our Stateline asset team, as well as our production teams in the field, for all their planning, innovation and hard work over the past two years to achieve first production from the Stateline asset area. This has truly been a team effort, and we are very proud of our geologic, reservoir, land, operations and midstream staff for the significant value each of these groups has individually created in the Stateline asset area through their technical expertise and strong execution. These wells are expected to add significantly to the overall value of Matador’s reserves and to the value of Matador’s midstream affiliate, San Mateo, going forward.”
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and salt water gathering services and salt water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, increases in its borrowing base and otherwise; weather and environmental conditions; the impact of the novel coronavirus, or COVID-19, pandemic on oil and natural gas demand, oil and natural gas prices and our business; the operating results of the Company’s midstream joint venture’s expansion of the Black River cryogenic processing plant, including the timing of the further expansion of such plant; the timing and operating results of the buildout by the Company’s midstream joint venture of oil, natural gas and water gathering and transportation systems and the drilling of any additional salt water disposal wells, including in conjunction with the expansion of the midstream joint venture’s services and assets into new areas in Eddy County, New Mexico; and other important factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Mac Schmitz
Capital Markets Coordinator
(972) 371-5225
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LONDON--(BUSINESS WIRE)--#GlobalYachtPaintingandMaintenanceMarket--The yacht painting and maintenance market is expected to grow by USD 123.95 million during 2020-2024, expanding at a CAGR of over 5%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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Yacht Painting and Maintenance Market: Growth in tourism and recreational events to drive growth
The rise in disposable incomes and growing pressure in workplaces has significantly contributed to the growth of the tourism industry across the world. Besides, many governments and companies are encouraging employees to take vacations to reduce work pressure and increase the efficiency of the workforce. For instance, companies such as Basecamp, SteelHouse, BambooHR, and G Adventures offer allowances for their employees to travel across the globe. Such policies have boosted the overall tourism market, which has increased the demand for yacht stays and luxury tourism. Also, many tour operators provide yacht tours, which include various water sports activities along with fine dining, island visits, fishing, and swimming. Therefore, the increasing tourism activities worldwide are driving the demand for new yachts, which in turn, will drive the demand for yacht painting and maintenance during the forecast period.
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As per Technavio, the augmented demand for yacht chartering services will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Yacht Painting and Maintenance Market: Augmented Demand for Yacht Chartering Services
Many players operating in the market are adopting digital marketing strategies to effectively reach their target customers. They are also promoting their services such as virtual tours, videos of yachts, and other unique services on social media platforms to attract consumer interest. Such initiatives have increased the demand for chartered yachts, especially in regions such as Europe and North America. With the growing penetration of smartphones and the internet, the demand for chartered yachts is expected to increase significantly during the forecast period. This will subsequently drive the growth of the global yacht painting and maintenance market.
“Use of high-resolution microscopy to detect faults and damages and the rise in demand for superyachts will further boost market growth during the forecast period,” says a senior analyst at Technavio.
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Yacht Painting and Maintenance Market: Segmentation Analysis
This market research report segments the yacht painting and maintenance market by Application (Refurbished yachts and New yachts) and Geography (Europe, North America, APAC, MEA, and South America).
The refurbished yachts segments led the yacht painting and maintenance market in 2019. Many yachts are often repainted before they are sold to the next user to achieve maximum profits. In addition, the increase in the number of yacht renovation activities is contributing to the growth of the segment.
The European region led the yacht painting and maintenance market in 2019, followed by North America, APAC, MEA, and South America respectively. During the forecast period, Europe is expected to register the highest incremental growth due to the increasing popularity of recreational marine activities in the region.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#GlobalMobileTicketingMarketintheTransportationSector--Technavio has been monitoring the mobile ticketing market in the transportation sector and it is poised to grow by USD 5.61 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AEP Ticketing Solutions Srl, Corethree Ltd., eos.uptrade GmbH, Eventbrite Inc., Infineon Technologies AG, Margento BV, Masabi Ltd., moovel Group GmbH, TickPick LLC, and Viagogo AG. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The digitization of transportation sector has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Mobile Ticketing Market in the Transportation Sector 2020-2024: Segmentation
Mobile Ticketing Market in the Transportation Sector is segmented as below:
Mobile Ticketing Market in the Transportation Sector 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The mobile ticketing market in the transportation sector report covers the following areas:
This study identifies the emergence of NFC-based payment technology as one of the prime reasons driving the mobile ticketing market growth in the transportation sector during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Mobile Ticketing Market in the Transportation Sector 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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PERTH, Australia--(BUSINESS WIRE)--Santos Ltd., an Australian energy pioneer and one of the leading independent oil and gas producers in Asia-Pacific, has selected P2 Energy Solutions to provide a single, comprehensive platform for its production needs in the region.
Under a new partnership, P2 will deliver an integrated production data analysis system supporting Santos to supply the energy needs of homes, businesses and major industries across Australia and Asia. The new system, powered by P2’s industry-leading software, will include manual and automated data capture, trending, analytics, diagnostics and surveillance of key assets and infrastructure, with sophisticated reporting and dashboarding – all in one production platform environment.
“Choosing a production software platform is a major decision that will impact a company’s operations for many years to come,” said Ben Farquharson, Senior Vice President for P2 Energy Solutions. “We’re delighted that, after thoughtful review, Santos selected P2 and our best-in-class software as an end-to-end, production platform that will help them achieve even greater success in production operations in Australia and potentially globally across all their assets.”
About P2 Energy Solutions
P2 Energy Solutions (P2) is the world’s largest independent provider of software and data solutions exclusively serving the upstream oil and gas, mining, and resource industries. Professionals from more than 1,700 companies around the world rely on P2’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. To learn more, please visit us at www.p2energysolutions.com.
About Santos
Santos, an Australian energy pioneer since 1954, is one of the leading independent oil and gas productions in the Asia-Pacific region. Underpinned by a portfolio of high-quality liquefied natural gas (LNG), pipeline gas and oil assets, Santos seeks to deliver long-term value to its shareholders. Santos’ foundations are based on safe, sustainable operations and working together with its shareholders, host communities, governments and business partners. For more information, go to www.santos.com.
P2 Press Contact
Jo Joss
+61 439 974 396
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DUBLIN--(BUSINESS WIRE)--The "Pour Point Depressants - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 9th edition of this report. The 169-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Pour Point Depressants Market to Reach $1.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Pour Point Depressants estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 2.3% over the period 2020-2027.
Lubricant Industry, one of the segments analyzed in the report, is projected to record 2% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil & Gas Industry segment is readjusted to a revised 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $432.6 Million, While China is Forecast to Grow at 4.3% CAGR
The Pour Point Depressants market in the U.S. is estimated at US$432.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$368.1 Million by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/fkb9vs
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SAN JOSE, Calif.--(BUSINESS WIRE)--Tula Technology, Inc., a tech leader in improving propulsion efficiency and reducing emissions in passenger cars and commercial vehicles, announced its participation and presentation on its diesel Dynamic Skip Fire (dDSF™) technology at the 4th Future Diesel Powertrain Summit China 2020 on September 24-25, 2020 in Shanghai, China. Dr. Ian Ren, China Business Development, will present “Tula’s Dynamic Skip Fire Optimally Reduces Both NOx and CO2 Simultaneously” at 3:55 p.m. China Standard Time on Friday, September 25. In addition to providing an overview of dDSF technology, the presentation will address the Cummins-Tula 15L Heavy-Duty dDSF Project as well as the FEV-Tula 2.3L dDSF Simulation Project.
As demonstrated through rigorous testing, Tula’s dDSF technology reduces tailpipe NOx emissions by up to 66% while also reducing CO2 emissions by up to 4%. Importantly, dDSF is able to combine improved tailpipe emissions while simultaneously reducing fuel consumption, thus combining two critical objectives that have previously competed against each other.
dDSF technology enables manufacturers of commercial vehicles to meet the increasingly stringent emissions regulations in China. “We’re thrilled to present at the 4th Future Diesel Powertrain Summit in Shanghai and to work with commercial vehicle manufacturers to reduce NOx and CO2 emissions to ensure compliance with tighter restrictions and to reduce the environmental impact of commercial trucks. We believe that dDSF is the most cost-effective solution to increase efficiency and reduce emissions,” said R. Scott Bailey, president and CEO of Tula Technology.
About Tula Technology, Inc.
Silicon Valley-based Tula Technology provides innovative award-winning software controls to optimize propulsion efficiency and emissions across the mobility spectrum, including gasoline-powered, diesel, alternative fuel, hybrid, and electric vehicles. Tula’s culture of innovation has resulted in breakthrough technology and a robust global patent portfolio of 160+ patents and another 130+ patents pending. Tula Technology is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, Delphi Technologies, and Franklin Templeton. More information is available at www.tulatech.com.
Tula Technology, Inc.
Ram Subramanian
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Financial Profiles
Debbie Douglas
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+1 949 375-3436
FREMONT, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG) (“SolarEdge”) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate principal amount of Convertible Senior Notes due 2025 (the “Notes”) in a private offering (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Offering, SolarEdge expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the Notes on the same terms and conditions.
The final terms of the Notes, including the initial conversion price, interest rate and certain other terms, will be determined at the time of pricing of the Offering. When issued, the Notes will be senior, unsecured obligations of SolarEdge. The Notes will mature on September 15, 2025, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date. Prior to the close of business on the business day immediately preceding June 15, 2025, the Notes will be convertible at the option of the holders of the Notes only upon the satisfaction of specified conditions and during certain periods. On or after June 15, 2025 until the close of business on the second scheduled trading day immediately prior to the maturity date, the Notes will be convertible, at the option of the holders of Notes, at any time regardless of such conditions. The Notes will be convertible into cash, shares of common stock of SolarEdge or a combination thereof, with the form of consideration to be determined at SolarEdge’s election. The Notes will not be redeemable prior to their maturity date.
SolarEdge intends to use the net proceeds from the Offering for general corporate purposes.
The Notes will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the Notes and any shares of common stock of SolarEdge issuable upon conversion of the Notes, if any, have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, the Notes and such shares, if any, may not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, the Notes (or any shares of common stock of SolarEdge issuable upon conversion of the Notes) in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains forward-looking statements, including, among other things, about whether SolarEdge will be able to consummate the Offering, the terms of the Offering and the satisfaction of customary closing conditions with respect to the Offering and the anticipated use of the net proceeds of the Offering. The words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “target,” “project,” and similar phrases that denote future expectations or intent are intended to identify forward-looking statements. You should not rely upon forward-looking statements as predictions of future events.
The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially, including (i) changes as a result of market conditions or for other reasons, (ii) the risk that the Offering will not be consummated, and (iii) the impact of general economic, industry or political conditions in the United States or internationally.
The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in SolarEdge’s filings with the Securities and Exchange Commission (the “SEC”), including its annual report on Form 10-K for the fiscal year ended December 31, 2019 and its quarterly reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that SolarEdge makes with the SEC from time to time.
Source: SolarEdge Technologies, Inc.
Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
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VISTA, Calif.--(BUSINESS WIRE)--$FLUX #FY2020--Flux Power Holdings, Inc. (“Flux Power”) (NASDAQ CM: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today announced that its financial results for FY2020 will be released before the market opens on Monday, September 28, 2020. Flux Power will host a conference call at 4:00 PM Eastern Time to discuss its financial results.
Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543 for international callers. The conference ID is 4727817. Please join approximately 10 minutes prior to the start of the call. A recording of the conference call will be available on the Flux Power website.
About Flux Power Holdings, Inc. (www.fluxpower.com)
Flux Power designs, develops, manufactures, and sells advanced rechargeable lithium-ion energy storage solutions for lift trucks and other industrial equipment including airport ground support equipment (GSE), energy storage for solar applications, and industrial robotic applications. Flux Power’s LiFT Packs, including the proprietary battery management system (BMS), provide customers with a better performing, more environmentally friendly, and lower total cost alternative, in many instances, to traditional lead acid and propane-based solutions.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
Follow us at:
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News: Flux Power News
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LinkedIn: Flux Power
Flux Power Media & Investor Relations:
Justin Forbes
877-505-3589
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NEW YORK--(BUSINESS WIRE)--On July 31, 2020, AMCI Acquisition Corp. (NASDAQ: AMCI) (the “Company”) entered into a non-binding letter of intent (the “Letter of Intent”) with an innovation-driven, high-growth, fuel cell technology company (the “Target”) for an initial business combination.
The Target is developing fuel cell technology that the Company believes will be a key to unlocking the hydrogen economy. The Company will seek to advance the development and manufacturing of the Target’s critical components for a diversified range of high-growth new energy markets, including transportation, off-grid, aviation, and the hydrogen economy, to respond to significant and immediate market opportunities.
The Target is led by an experienced management team that expects to deliver innovative technology through partnerships with internationally recognized research centers. The Company’s management team believes the Target is an attractive investment opportunity given the Target’s next generation fuel cell technology, which the Company believes will be an essential component needed to unlock the hydrogen economy and increase investor demand for the acceleration of decarbonization.
William Hunter, the Company’s Chief Executive Officer, said “The Target is a highly innovative player in the rapidly expanding next generation fuel technology space. We expect that this acquisition will allow us to drive significant value creation by participating in such an exciting and high demand sector.”
Completion of the transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the Company's stockholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.
About AMCI Acquisition Corp.
AMCI Acquisition Corp. (NASDAQ: AMCI) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the global natural resources and related industries. AMCI consummated its initial public offering on the Nasdaq Capital Market in November 2018.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the occurrence of any event, change or other circumstances that could give rise to the terms of the Letter of Intent not hereafter being reflected in a definitive agreement; the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; the inability to complete the transactions contemplated by the Letter of Intent and any definitive agreement entered into by the parties due to the failure to obtain approval of the stockholders of the Company or other reasons; the failure to obtain the necessary financing for the transaction; the failure to meet projected development and production targets; costs related to the proposed transaction; changes in applicable laws or regulations; the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; the effect of the COVID-19 pandemic on the Company and the target and their ability to enter into a definitive agreement for the transaction or to consummate the transaction; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company.
Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in the Company’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, the preliminary proxy statement filed by the Company with the SEC on September 18, 2020 wherein the Company is seeking stockholder approval to extend the date by which the Company has to consummate a business combination from October 20, 2020 until February 22, 2021 (the “Extension Proxy”), and when filed, the definitive proxy statement for such extension (the “Definitive Extension Proxy”), and in the preliminary and definitive proxy statements to be filed by the Company with the SEC regarding the transaction when available. The Company's SEC filings are available publicly on the SEC's website at www.sec.gov. The Company disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information about the Transaction and Where to Find It
In connection with the proposed transaction, the Company intends to file a preliminary proxy statement with the SEC and will mail a definitive proxy statement and other relevant documents to its stockholders. Investors and security holders of the Company are advised to read, when available, the preliminary proxy statement, and amendments thereto, and the definitive proxy statement in connection with the Company's solicitation of proxies for its stockholders' meeting to be held to approve the transaction because the proxy statement will contain important information about the transaction and the parties to the transaction. The definitive proxy statement will be mailed to stockholders of the Company as of a record date to be established for voting on the transaction. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: AMCI Acquisition Corp., 1501 Ligonier Street, Suite 370, Latrobe, PA.
Participants in Solicitation
The Company and the target company and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of the Company’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests in the Company of directors and officers of the Company in the Company's Extension Proxy, which was filed with the SEC on September 18, 2020, and in the Definitive Extension Proxy, when filed. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to the Company's stockholders in connection with the proposed transaction will be set forth in the proxy statement for the proposed transaction when available. Information concerning the interests of the Company's and the target companies' participants in the solicitation, which may, in some cases, be different than those of the Company's and the target companies' stockholders generally, will be set forth in the proxy statement relating to the transaction when it becomes available.
Sloane & Company
Dan Zacchei / Joe Germani
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Consistent Hole Shaped Charges Designed for Well Recompletion Applications
HOUSTON--(BUSINESS WIRE)--Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced the addition of recomplete charges to its consistent hole shaped charges product offering.
Recomplete charges are designed to produce perforations during well recompletion activities. Utilizing Hunting’s EQUAfrac® shaped charge technology, they deliver an optimized entry hole size and minimum variation through both liner and casing.
The recomplete charges pair with Hunting’s new 2.5-in. diameter E-Gun RC system – a completely modular perforating system designed specifically for recompletion applications. E-Gun RC also features ControlFire® cartridge technology that allows wire-free arming and assembly at the well site.
About Hunting
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium-listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in Canada, China, Indonesia, Kenya, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, South Africa, United Arab Emirates and the United States of America.
The company’s Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.
Business Contact: John Feuerstein, Hunting, 281-442-7382, This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (the “Offeror”), a leading provider of flow control products and services for the global infrastructure markets, announced the expiration and results of its previously announced cash tender offer (such offer, the “Offer”) for any and all of its outstanding 1.250% Senior Notes due March 17, 2022 (the “Notes”) from the holders of the Notes (each, a “Noteholder” and, collectively, the “Noteholders”).
The Offer was made pursuant to a Tender Offer Memorandum dated September 14, 2020 (the “Tender Offer Memorandum”), including the accompanying notice of guaranteed delivery (together with the Tender Offer Memorandum, the “Offer Documents”), which set forth the terms and conditions of the Offer. Capitalized terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum.
All documentation relating to the Offer, including the Offer Documents, together with any updates, are available from the Tender and Information Agent (as defined below), as set forth below, and will also be available via the Offer website at http://www.lucid-is.com/flowserve. The following table sets forth certain terms of the Offer:
Description of Notes |
ISIN |
Aggregate Principal
|
Purchase
|
Principal
|
Percentage of
|
|||||||
1.250% Senior Notes due 2022 |
XS1196536731 |
€500,000,000 |
€1,000 |
€163,217,000 |
32.64% |
|||||||
| 1. | Represents the purchase price per €1,000 principal amount of the Notes (such consideration, the “Purchase Price”). |
|||||||||||
The Offeror will pay the Purchase Price for each €1,000 principal amount of Notes that the Offeror accepts for purchase pursuant to the Offer as set forth in the table above only for Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline and accepted for purchase on September 23, 2020 (the “Payment Date”). Also, on the Payment Date, the Offeror will pay Accrued Interest, if any, from the last interest payment date to, but not including, the Payment Date. For the avoidance of doubt, Accrued Interest will cease to accrue on the Payment Date for all Notes accepted in the Offer. No Notes were tendered pursuant to the Guaranteed Delivery Procedures described in the Tender Offer Memorandum.
The New Issue Condition has been satisfied through the completion of the offering of $500,000,000 of New Notes.
BofA Securities, Inc. is acting as sole dealer manager (“Dealer Manager”) for the Offer and Lucid Issuer Services Limited is acting as tender and information agent (“Tender and Information Agent”).
Questions and requests for assistance in connection with the Offer may be directed to the Dealer Manager at +44 207 996 5420, +1 (888) 292-0070 (U.S. toll-free), +1 (980) 387-3907 (U.S. collect) or This email address is being protected from spambots. You need JavaScript enabled to view it..
Questions and requests for assistance in connection with the Offer may be directed to the Tender and Information Agent at +44 20 7704 0880 or This email address is being protected from spambots. You need JavaScript enabled to view it..
Until the consummation or termination of the Offer, the Offer Documents are available for Noteholders at the following Internet address: http://www.lucid-is.com/flowserve.
DISCLAIMER:
This announcement does not contain or constitute an offer, or the solicitation of an offer, to buy, sell or subscribe for the Notes or other securities in the United States or any other jurisdiction. This announcement must be read in conjunction with the Offer Documents. This announcement and the Offer Documents contain important information which should be read carefully before any decision is made with respect to the Offer. If you are in any doubt as to the contents of this announcement, the Offer, the Offer Documents or the action you should take, you are recommended to seek your own financial and legal advice, including tax advice relating to the tax consequences, immediately from your broker, bank manager, solicitor, accountant or other independent financial or legal advisor. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offer.
None of the Offeror, the Dealer Manager, the Tender and Information Agent or the trustee under the indenture governing the Notes (the “Trustee”), or any of their respective directors, officers, employees, agents or affiliates, makes any representation or recommendation whatsoever regarding this announcement, the Offer Documents, the Offer or any recommendation as to whether Noteholders should tender Notes in the Offer or otherwise participate in the Offer.
None of the Offeror, the Dealer Manager, the Tender and Information Agent, the Trustee, or any of their respective directors, officers, employees, agents or affiliates, assumes any responsibility for the accuracy or completeness of the information concerning the Offeror, the Notes or the Offer contained in this announcement or in the Offer Documents. None of the Dealer Manager, the Tender and Information Agent, the Trustee, or any of their respective directors, officers, employees, agents or affiliates is acting for any Noteholder, or will be responsible to any Noteholder for providing any protections which would be afforded to its clients or for providing advice in relation to the Offer, and accordingly none of the Dealer Manager, the Tender and Information Agent, the Trustee or any of their respective directors, officers, employees, agents or affiliates) assumes any responsibility for any failure by the Offeror to disclose information with regard to the Offeror or the Notes which is material in the context of the Offer and which is not otherwise publicly available.
OFFER AND DISTRIBUTION RESTRICTIONS
Neither this announcement nor the Tender Offer Memorandum constitutes an invitation to participate in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender and Information Agent to inform themselves about and to observe any such restrictions.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s website at www.flowserve.com.
Forward Looking Statements: This announcement includes forward-looking statements. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this announcement are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: statements related to the expected timing, final terms and completion of the Offer and similar statements concerning anticipated future events and expectations that historical facts.
All forward-looking statements included in this announcement are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
LONDON--(BUSINESS WIRE)--#FattyAminesMarket--Technavio has been monitoring the global fatty amines market size and it is poised to grow by USD 939.10 million during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Akzo Nobel NV, Albemarle Corp., Arkema SA, BASF SE, ERCA Spa, Evonik Industries AG, Global Amines Co. Pte. Ltd., Kao Corp., Solvay SA, and Volant-Chem Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The rising demand for fatty amines in agrochemical has been instrumental in driving the growth of the market. However, fluctuating raw material prices might hamper the market growth.
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Fatty Amines Market 2020-2024: Segmentation
Fatty Amines Market is segmented as below:
Fatty Amines Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fatty amines market report covers the following areas:
This study identifies the development of end-user industries as one of the prime reasons driving the Fatty Amines Market growth during the next few years.
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Fatty Amines Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Market is driven by growth of smart home devices as well as increased levels of home improvement spending resulting from COVID-19’s shelter in place orders
BOULDER, Colo.--(BUSINESS WIRE)--#DataAnalytics--A new report from Guidehouse Insights analyzes the global market for residential energy management (REM) solutions, providing global market forecasts, segmented by revenue, shipments, and region, through 2029.
The residential energy management system (REMS) market is undergoing rapid expansion and transformation. New digital and software approaches are changing behavioral demand side management (DSM) and home energy management solutions, giving way to healthy growth for the worldwide REM market during the next decade. Click to tweet: According to a new report from @WeAreGHInsights, global REM solutions revenue is projected to grow from $6.0 billion in 2020 to $16.8 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%.
“Several key drivers are advancing the REM market, including the growth of the smart home device market as well as increased levels of home improvement spending resulting from COVID-19’s shelter in place orders,” says Daniel Talero, research analyst with Guidehouse Insights. “Home energy management hardware, such as smart thermostats and smart lighting, are gaining traction among residential customers as REM assets and as elements of the smart home.”
According to the report, data analytics applications in REM solutions are also evolving. For example, improved disaggregation of data on home energy use is creating cost savings for residential customers and improved customer engagement opportunities for utilities. Although large technology companies have opened other energy data gathering channels via voice assistants such as Amazon’s Alexa and Google Home, a rich startup ecosystem has emerged to engage customers with app-, panel-, and sensor-based REM service interfaces.
The report, Market Data: Residential Energy Management Systems, analyzes the global market for REM solutions, with a focus on four technology areas: behavioral DSM solutions, REM hardware, REM software, and REM services. The study provides an analysis of the market issues, including drivers and barriers, associated with REMSs. Global market forecasts, segmented by revenue, shipments, and region, extend through 2029. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Residential Energy Management Systems, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today named Benjamin E. Thomas as President of the Company’s Aviation Segment, reporting to President and CEO John Cuomo. Mr. Thomas’ appointment is effective mid-October 2020.
Mr. Thomas is an aviation industry veteran with deep experience in the aftermarket distribution and services sectors. He will assume responsibility for the Aviation Segment, including ownership of the strategic oversight of the MRO services and product distribution businesses, as well as sourcing, customer relationships, capital allocation and acquisitions. Previously, Mr. Thomas managed aftermarket growth strategies in the aerospace consumables market for Boeing Global Services and KLX Aerospace Solutions (“KLX”). At Boeing, he led a multi-national $2 billion product line, strategy and integration team. As a corporate vice president at KLX, Mr. Thomas had a similar role and was additionally responsible for aftermarket sales, e-commerce and pricing strategy. Mr. Thomas has a track record of consistent, market-leading growth achievements, including both organic and acquisition-related initiatives. He has a master’s degree in business administration from Harvard Business School and a bachelor’s degree in industrial and systems engineering from the University of Southern California.
VSE President and Chief Executive Officer John Cuomo said, “Ben is an exceptional business leader whose deep aftermarket expertise and industry relationships position him as a valued addition to our executive team. Our Aviation Segment remains an important long-term growth engine for VSE, particularly as we continue to expand our product and service offering with both new and existing customers in global markets. Given Ben’s track record of value creation, he is well-suited to lead the ongoing transformation of this segment.”
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit us at www.vsecorp.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
INVESTOR RELATIONS CONTACT: Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.
ALBERT LEA, Minn.--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ: REGI) broke ground on Monday for a single wind turbine that will provide power to the company’s biorefinery in Albert Lea, Minnesota. This project will provide locally sourced, clean electrical power, lowering the carbon footprint of the biodiesel plant.
Local community members, elected officials and employees celebrated the project Monday marking a first-of-its kind project for the company.
“We are committed to reducing our carbon footprint by producing cleaner burning fuels. The addition of the wind turbine will make a process that already had low carbon output even more sustainable,” said Cynthia “CJ” Warner, President and CEO of Renewable Energy Group. “We are continuously looking for innovative approaches to improve our facilities, and this project is no exception.”
The project, to be constructed and operated by Minnesota-based Juhl Energy, will save approximately 68,000 tons of carbon dioxide over the first 10 years, displacing predominantly fossil fuel-based electricity. This is the equivalent of greenhouse gas emissions from 168 million miles driven by an average passenger vehicle.
“This project is a great example of locally sourced distributed renewable energy and we’re excited that electricity produced from the wind will directly lead to lower carbon gallons of biodiesel being produced by REG,” said Clay Norrbom, Managing Director of Juhl Energy. “Juhl and REG have appreciated working with the many people who have made the project possible, including local landowners, city, township, and county officials, Freeborn Mower Rural Electric Coop, Dairyland Power Cooperative and Faith Technologies.”
The single wind turbine will be located north and west of the REG Albert Lea biodiesel plant. The site selection was made based on REG’s desire to limit the impact of sound and shadow flicker to the surrounding residents.
“Using wind-generated electrical energy to convert agricultural products into biodiesel is a great way to improve the plant’s environmental footprint and advance our renewable energy goals for the state,” Agriculture Commissioner Thom Petersen said. “We’re proud that Minnesota continues to be a leader in biofuels and clean energy.”
In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
About Juhl Energy
Juhl Energy is a leader in the renewable energy industry with a focus on competitive, clean energy solutions, including wind, solar, and combined heat and power systems designed for rural communities, municipal electric companies, and industrial companies throughout the United States. Juhl Energy has completed over 25 projects, accounting for over 350 MW’s of power. Juhl services every aspect of project lifecycles, including development, engineering, construction management, operations, maintenance, and ownership. Juhl Energy is headquartered in Chanhassen, MN, and has other offices in Chicago and Milwaukee.
Katie Stanley
Renewable Energy Group
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DUBLIN--(BUSINESS WIRE)--The "ZDDP Additives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global ZDDP Additives Market to Reach $2.8 Billion by 2027
Amid the COVID-19 crisis, the global market for ZDDP Additives estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 0.5% over the period 2020-2027.
Primary Alkyl ZDDP, one of the segments analyzed in the report, is projected to record 0.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Secondary Alkyl ZDDP segment is readjusted to a revised 0.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $737.6 Million, While China is Forecast to Grow at 1.4% CAGR
The ZDDP Additives market in the U.S. is estimated at US$737.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$506.5 Million by the year 2027 trailing a CAGR of 1.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.3% and 0.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -0.1% CAGR.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ir01o6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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New Funding to Expand the Company's Pay-As-You-Go Solar Financing Business, Backed by Leading Investors CDC Group, FMO, Norfund, and ARCH Emerging Markets Partners
NAIROBI, Kenya--(BUSINESS WIRE)--#ARCHEmerging--Greenlight Planet Inc., the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio. Akira Partners and Orrick Herrington & Sutcliffe advised Greenlight Planet.
Under its Sun King brand, Greenlight Planet operates the largest direct-to-consumer PAYG solar distribution and service network in the world, having delivered over 1.3 million PAYG solar products to date in Kenya, Tanzania, Uganda, and Nigeria, expanding at a rate of over 65,000 new rooftop solar installations per month. The company employs 1,250 full-time staff worldwide, and over 5,500 sales agents, 30% of whom are women, across areas of sub-Saharan Africa suffering from high levels of unemployment.
The new debt and equity investments were provided by European development finance institutions CDC Group, FMO, and Norfund, along with impact investors ResponsAbility, SIMA Funds, Symbiotics, Global Partnerships, and private equity firm ARCH Emerging Markets Partners’ Africa Renewable Power Fund. Of the total $90 million in committed funding, $69 million has been disbursed to the company, with the balance to be drawn down as the company delivers additional solar-powered home energy systems, with end-consumer financing, to homes in Africa.
Sun King solar products include home lighting, mobile phone chargers, radios, televisions, and fans, as well as the solar panels and batteries to power these appliances. During the global COVID-19 pandemic, such solar-powered home energy systems have proven all the more essential to families spending more time at home. Families depend on Sun King energy access and appliances for light, communication, entertainment, and access to news and information.
Greenlight Planet’s Sun King solar-powered home energy systems have a profound social impact for off-grid families around the world. Sixty million individuals across 65 countries have used them to access clean, renewable energy. This access to energy increases the time children spend studying, increases productivity for small businesses, and reduces spending on old-fashioned energy products. Sun King products have saved over $3.4 billion on fossil-fuel-based energy costs, reducing global greenhouse gas emissions by more than 14 million metric tons.
T. Patrick Walsh, Co-founder and CEO of Greenlight Planet added, “Greenlight Planet’s goal is to bring affordable, clean energy to every under-electrified household that needs it. After a decade of honing our solar technology and our solar distribution, installation, and service strategy, we are now jumping the last hurdle to solve this global challenge, that being financial inclusion. We are expanding access to consumer financing, making basic solar power available to all people, at a cost as low as $0.15 per day. We are delighted to work with CDC, Norfund, FMO, ResponsAbility, SIMA Funds, Symbiotics, Global Partnerships and ARCH to expand access to finance and access to energy.”
Geoffrey Manley, Director and Head of Energy Access and Efficiency at CDC Group added, “Our financing of Greenlight Planet provides our team with a great opportunity to support a company that is creating jobs and taking meaningful strides to fight climate change. We’re thrilled that our commitment promotes the UN’s Sustainable Development Goals, helping to facilitate economic development across the African continent.”
William Barry, Managing Director at ARCH Africa Renewable Power Fund (ARPF) added, “ARCH ARPF is delighted to support Greenlight Planet’s continued growth as it delivers on its mandate to expand energy access across sub-Saharan Africa. Greenlight's global market leadership in the off-grid solar sector positions the company strongly within ARPF’s expanding off-grid renewable energy portfolio, complementing our existing utility-scale, independent-power-producer development pipeline.”
About Greenlight Planet
Greenlight Planet is a social-mission, for-profit business that since 2009 has sold over 13 million of its Sun King solar home energy products to off-grid customers in sub-Saharan Africa and South Asia. The company reaches customers through its direct-to-consumer distribution and financing network, as well as wholesale partnerships with over 300 commercial and non-profit last-mile distributors, ranging from mobile network operators, to microfinance institutions, to oil and gas companies, to NGOs. Greenlight Planet’s Sun King products are currently installed in over 65 countries and have served 60 million people.
Find out more at https://www.greenlightplanet.com.
About the Off-Grid Solar Industry:
Relevant (unaffiliated) aggregators of industry information include the Global Off-Grid Lighting Association and Lighting Global (a platform of the World Bank Group, to support sustainable growth of the international off-grid solar market)
www.gogla.org
www.lightingglobal.org
Douglas Hesney: This email address is being protected from spambots. You need JavaScript enabled to view it. | 718.915.5546
Cassandra Barua: This email address is being protected from spambots. You need JavaScript enabled to view it. | +919769087737
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