HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its third quarter 2020 earnings release after market close on Wednesday, November 4, 2020. The Company will host a conference call to discuss financial and operational results on Thursday, November 5, 2020 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).

The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (866) 670-2203. International parties may dial (630) 489-9861. The access code is 9195227. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.

An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.

About Cactus, Inc.

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

Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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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 announced the appointment of Stephen D. Griffin as Senior Vice President and Chief Financial Officer, effective November 9, 2020. Mr. Griffin will succeed Thomas Loftus, who previously announced his retirement. Mr. Loftus will remain with VSE until December 31, 2020, to facilitate a seamless transition.

Mr. Griffin joins VSE after more than a decade in senior finance leadership roles with GE, most recently as Chief Financial Officer of Engine Services at GE Aviation. In this role, Griffin led the financial organization for a $15 billion engine overhaul, repair and parts sales division, which included commercial pricing, contract restructuring and financial reporting. Earlier in his career, Griffin served as the CFO for GE Aviation’s Supply Chain Division, a role in which he led a team focused on product cost, sourcing, cash management and capital expenditures. While at GE, Griffin also served as a board member for multiple global joint ventures.

“I am pleased to welcome Steve to our executive leadership team,” said John Cuomo, VSE President and Chief Executive Officer. “Steve is a strategic, operationally-minded financial executive with a proven ability to build, develop and lead high-performing teams. He brings to VSE a depth of experience managing sophisticated, multibillion-dollar financial organizations operating within dynamic global market environments, including those within the aerospace and industrials sector. With the addition of Steve, we continue to build a world-class team well-equipped to lead VSE into its next phase of growth and value creation.”

“I am honored to join VSE during such a pivotal moment in its 60-year history,” stated Griffin. “VSE is a well-respected brand in the aftermarket and MRO services sector, and one whose customer-centric approach and deep technical expertise provide a strong foundation for growth. I am energized to be joining the organization as we enter this next chapter.”

Mr. Griffin will report directly to President and CEO John Cuomo and will oversee the organization’s finance, accounting, financial planning and analysis, internal audit, tax and treasury functions.

VSE engaged global executive placement firm Stanton Chase International to lead the search for the Chief Financial Officer position.

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 | 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Six early-stage startups showcase hardware and software technology solutions to combat climate change and to build equitable, sustainable cities

BROOKLYN, N.Y.--(BUSINESS WIRE)--URBAN-X, the leading accelerator for startups reimagining city life backed by MINI and Urban Us, today graduates its eighth cohort of companies during a virtual Demo Day that closes out the 20-week, intensive program. From cities across the globe, six founders present their solutions online to an audience of investors, customers and public-sector leaders, showcasing hardware and software solutions across climate change, mobility and logistics, energy and water.

Demo Day 08 comes as the U.S. is experiencing unprecedented environmental events, such as a record-breaking wildfire season and intensifying hurricanes -- paired with a pandemic that has further underscored the economic and social inequalities due to centuries of environmental injustice. With cities looking for new solutions to a growing list of complex issues, the founders in Cohort 08 are showcasing innovations to both combat climate change and to build more equitable and sustainable cities. Cohort 08 solutions include robots that roam the land to sequester carbon; 10x cheaper EV charging without wires; smart intersections that cut congestion by 50%; algorithms for EV purchase intent and optimized charging infrastructure; an API to instantly optimize logistics; and the world’s largest database of hyperlocal water quality data.

“We are in the midst of regulatory and technological breakthroughs that are enabling a new generation of leaders to build our cities for the better,” said URBAN-X Managing Director, Micah Kotch. “The founders in Cohort 08 are rethinking outdated systems, renewing inefficient infrastructure and creating the foundation for more equitable urban systems, all during one of the most challenging times we’ve seen in decades. We couldn’t be more proud of this group of entrepreneurs.”

URBAN-X, launched by MINI in 2016 as part of the brand’s innovation practice and in partnership with venture firm Urban Us, twice a year invests up to $150,000 in up to 10 companies building solutions to address climate change and other challenges facing cities today. Today’s event marks the start of teams seeking additional investment to grow their companies, and serves as a demonstration of the product and business development milestones hit during URBAN-X’s accelerator program. The event will be livestreamed on YouTube and Facebook beginning at 1:00 p.m. ET.

The full list of Cohort 08 companies include:

• Adiona: Optimizes the efficiency of logistics, supply chain and mobile workforce organizations through AI.
• Aquagenuity: The “Google Search” for water quality, helping you check your water as easily as you check the weather.
• Climate Robotics: Builds robots to efficiently generate biochar to sequester carbon and improve soils, starting with urban land.
• Mobilyze: Data-analytics platform that optimizes the location of electric charging stations.
• Resonant Link: Breakthrough wireless charging technology for fast, zero-maintenance, and low-cost power to robots and EVs.
• Xtelligent: Next generation traffic signal network enabling the connected, automated, and multi-modal transportation future.

“MINI was built on a foundation of qualities as a sustainable solution to the mobility challenges of its time” said Bernd Koerber, Senior Vice President MINI. “These qualities, to which we remained true to since 1959, are particularly important today and are evident in the founders of Cohort 08. We look forward to their future successes in bringing positive impact on urban innovation.”

URBAN-X has a proven track record in helping early-stage companies secure funding from leading investors. In fact, 80% of URBAN-X companies have gone on to raise their next round of capital. This month, Cohort 06 alum, cove.tool, a building design platform for automated performance and cost, announced $5.7 million in Series A funding. In addition, Evolve Energy, a wholesale energy company and another Cohort 06 company, was recently acquired by Octopus Energy, a UK-based energy retailer valued at over $1 billion, to accelerate the green energy future in the U.S.

“We depend on founders to work at the edge of science fiction and reality to explore new approaches to upgrade cities for climate. When they succeed they will do much more than generate investor returns - they will inform city and climate policy and generate public benefits from GHG reductions to clean drinking water.” said Shaun Abrahamson, URBAN-X Investment Committee and Managing Partner at Urban Us. “Founders have had to quickly adjust to a post Covid world that has changed how they build, sell and raise funds. In spite of these changes, this cohort is thriving and we’re excited for more people to learn about what they’re building.”

In addition to investments that URBAN-X and Urban Us made as part of the accelerator program, fundsURBAN-X co-investors include 360 Capital, Baidu Ventures, Brad Burnham, BMW i Ventures, Close Loop Partners, Congruent Ventures, Draper Associates, Edgar Bronfman Jr., Fontinalis Partners, Fred Wilson, Google, Khosla Ventures, Mark Cuban, Mucker Capital, Notation Capital, Point72 Ventures, Robert Bosch VC, Root, Samsung NEXT, Softbank, Story Ventures, Wireframe Ventures, and UL Ventures.

Applications for URBAN-X Cohort 09 are open until October 22nd. The program will run from December 2020 to April 2021. URBAN-X looks for the brightest startups creating disruptive and scalable solutions across sectors such as mobility and transportation, real estate, infrastructure, safety, food and water, energy, public health and more. Interested founders should apply here.

About URBAN-X

URBAN-X is the leading accelerator for technology and design startups reimagining city life. Founded by MINI, URBAN-X helps early-stage companies from all over the world address modern urban challenges across sectors like transport, real estate, local government, food, water, waste and utilities.

Twice a year, URBAN-X selects up to 10 startups for its competitive, five-month program of product and business development. The accelerator invests $150,000 in each startup and puts them to work with a dedicated, in-house team of engineering, design and business experts; and culminates in founders presenting to an audience of investors, thought leaders and media.

URBAN-X has a global reach unparalleled by any other urbantech accelerator and the startups have access to a network of over 2,000 partners around the world, including entrepreneurs, investors and public-sector leaders, who have volunteered to support the founders through the URBAN-X program. Find URBAN-X on Twitter & Instagram at @urbanxaccel and on Facebook at facebook.com/urbanxaccel.

About MINI in the US

MINI is an independent brand of the BMW Group. In the United States, MINI USA operates as a business unit of BMW of North America, LLC, located in Woodcliff Lake, New Jersey and includes the marketing and sales organizations for the MINI brand. The MINI USA sales organization is represented by a network of 120 MINI passenger car dealers located throughout the US. MINI USA began selling vehicles in the U.S. in 2002 with the introduction of the MINI Cooper and MINI Cooper S Hardtops. Since then, the MINI Brand in the U.S. has grown to encompass a model range of five unique vehicles.

Journalist note: Media information about MINI and its products is available to journalists on-line at www.miniusanews.com.

About Urban Us

Urban Us is the leading early stage investor for startups upgrading cities for climate change. Urban Us was founded in 2013 because we concluded that startups would play an outsized role in re-imagining the core sectors used to design, build, and operate cities. Investments like Onewheel, Rachio, Bowery Farming, One Concern, Thrilling, Cove Tool and Starcity are leading the way in areas like electrification of mobility, high performance building design, resilient food supplies and natural hazard risk management.

The Urban Us platform includes the Urban Us network, a resource for founders, investors, partners and customers. URBAN-X, in partnership with MINI, supports early stage teams with company building and fundraising. Urban Us VC makes pre-seed and seed venture investments. Urban Us Credit serves teams needing access to all forms of non-equity capital for project finance, asset finance and inventory finance. Urban Gateway supports startups business development in Asia.

Urban Us partners were ranked in the top 11 of nearly 400 investors in The VCs who founders love the most by TechCrunch. Previously the team worked for Citigroup, Goldman Sachs, First Round Capital and Roosevelt Institute and graduated from Harvard, MIT, Georgia Tech, NYU and UPenn.

Molly Hendriksen
BerlinRosen
646.200.5303
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Third Quarter Highlights:

• Third quarter revenues of $87.1 million were up $7.6 million, or 9.6%, compared to the second quarter of 2020.

• Third quarter Environmental Services segment operating margin of 23.4% was up 9.4 percentage points quarter-over-quarter.

• Our Oil Business segment reported third quarter revenues of $24.7 million, an increase of 25.2% compared to the second quarter of 2020.

• Third quarter Oil Business segment operating margin was positive at 3.4%, an increase of 31.6 percentage points, compared to the negative operating margin in the second quarter of 2020.

• Net income attributable to common shareholders for the third quarter was $4.0 million compared to a net loss of $2.7 million in the second quarter of 2020.

• Our diluted earnings per share in the third quarter were $0.17 which represents a $0.28 per share improvement compared to the second quarter of 2020.

• Third quarter EBITDA of $11.0 million represents an increase of $8.2 million compared to the second quarter of 2020.

• Third quarter adjusted EBITDA was $12.2 million compared to negative $2.7 million in the second quarter of 2020.

ELGIN, Ill.--(BUSINESS WIRE)--Heritage-Crystal Clean, Inc. (Nasdaq: HCCI), a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, today announced results for the third quarter which ended September 5, 2020.

Third Quarter Review

Revenue for the third quarter of 2020 was $87.1 million compared to $104.8 million for the same quarter of 2019, a decrease of 16.9%.

Operating margin decreased to 17.8% compared to 20.5% in the third quarter of 2019 primarily due to decreased revenues as a result of the lower economic activity caused by the COVID-19 pandemic. Our third quarter SG&A expense decreased 12.7% to $10.5 million during the third quarter of 2020 compared to $12.0 million for the third quarter of 2019. The decrease was mainly driven by lower compensation costs, partially offset by higher severance expense.

Net income attributable to common shareholders for the third quarter was $4.0 million compared to net income attributable to common shareholders of $6.0 million in the year earlier quarter. Diluted earnings per share were $0.17 compared to diluted earnings per share of $0.25 in the year-ago quarter.

President and CEO Brian Recatto commented, "While we continue to feel the impact of lower economic activity as a result of the COVID-19 pandemic, we experienced significant improvement in our business during the third quarter compared to the second quarter which we believe was the low point of this pandemic driven downturn. The initiatives we put in place to adjust our cost structure during the second quarter helped minimize the negative impact on our profitability during the third quarter."

Segments

Our Environmental Services segment includes parts cleaning, containerized waste, vacuum services, antifreeze recycling, and field services. Environmental Services revenue was $62.4 million during the quarter compared to $69.0 million during the third quarter of fiscal 2019. The 9.5% decrease in revenue was primarily due to COVID-19 related volume declines in most of our product and service lines, partially offset by favorable pricing variances in our parts cleaning and containerized waste lines of business. Environmental Services profit before corporate selling, general, and administrative expenses was $14.6 million compared to $17.8 million in the year-ago quarter, but $6.3 million, or 75%, higher compared to the second quarter of 2020.

Our Oil Business segment includes used oil collection activities, re-refining activities, and sales of recycled fuel oil. During the third quarter of fiscal 2020, Oil Business revenues decreased 31.1% to $24.7 million compared to $35.8 million in the third quarter of fiscal 2019. During the third quarter, the COVID-19 pandemic continued to drive decreased demand for finished lubricants directly impacting both the demand and price for our base oil products. However, revenue increased $5.0 million, or 25.2%, quarter-over-quarter as economic activity improved from pandemic-lows. In addition, base oil gallons produced in the third quarter of 2020 increased 76% from the second quarter of 2020 with production being in-line with the third quarter of 2019. Operating margin for the segment fell to 3.4% in the third quarter, compared to 10.5% in the year-ago-quarter, but increased 31.6 percentage points from the fiscal second quarter of 2020.

Recatto commented, "As demand for our base oil and the supply of used oil improved incrementally during the third quarter, we were able run our re-refinery efficiently which yielded vastly improved profitability in our Oil Business segment compared to the second quarter."

COVID-19 Update

During the third quarter we continued executing the Company's pandemic response plan to combat the COVID-19 outbreak-induced downturn in our business and remain focused on ensuring the health and safety of all our employees and their families.

Recatto commented, "We are impressed with the efforts of our employees as they continue to provide our customers the excellent service they've come to expect from Heritage-Crystal Clean despite the many personal and professional challenges they face as a result of the pandemic."

Safe Harbor Statement

All references to the “Company,” “we,” “our,” and “us” refer to Heritage-Crystal Clean, Inc., and its subsidiaries.

This release contains forward-looking statements that are based upon current management expectations. Generally, the words "aim," "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "project," "should," "will be," "will continue," "will likely result," "would" and similar expressions identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements or industry results to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. These risks, uncertainties and other important factors include, among others: developments in the COVID-19 pandemic and the resulting impact on our business and operations, future financial and operating results, future disclosures of historical financial and operating results, general economic conditions and downturns in the business cycles of automotive repair shops, industrial manufacturing businesses and small businesses in general; increased solvent, fuel and energy costs and volatility in the price of crude oil, the selling price of lubricating base oil, solvent, fuel, energy, and commodity costs; our ability to successfully integrate businesses we acquire; our ability to enforce our rights under the FCC Environmental purchase agreement; our ability to pay our debt when due and comply with our debt covenants; our ability to successfully operate our used oil re-refinery and to cost effectively collect or purchase used oil or generate operating results; increased market supply or decreased demand for base oil; further consolidation and/or declines in the United States automotive repair and manufacturing industries; the impact of extensive environmental, health and safety and employment laws and regulations on our business; legislative or regulatory requirements or changes adversely affecting our business; competition in the industrial and hazardous waste services industries and from other used oil processing facilities including other re-refineries; claims and involuntary shutdowns relating to our handling of hazardous substances; the value of our used solvents and oil inventory, which may fluctuate significantly; our dependency on key employees; our level of indebtedness, which could affect our ability to fulfill our obligations, impede the implementation of our strategy, and expose us to interest rate risk; our ability to effectively manage our extended network of branch locations; the control of The Heritage Group over the Company; and the risks identified in our Annual Report on Form 10-K filed with the SEC on March 3, 2020 and subsequent filings with the SEC. Given these uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. We assume no obligation to update or revise them or provide reasons why actual results may differ. The information in this release should be read in light of such risks and in conjunction with the consolidated financial statements and the notes thereto included elsewhere in this release.

About Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily to small and mid-sized customers in the vehicle maintenance sector as well as manufacturers and other industrial businesses. Our service programs include parts cleaning, containerized waste management, used oil collection and re-refining, vacuum truck services, waste antifreeze collection, recycling and product sales, and field services. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Our customers include businesses involved in vehicle maintenance operations, such as car dealerships, automotive repair shops, and trucking firms, as well as small-to-medium sized manufacturers, such as metal product fabricators and printers, and other industrial businesses. Through our used oil re-refining program, we recycle used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program we recycle spent antifreeze and produce a full line of virgin-quality antifreeze products. Heritage-Crystal Clean, Inc. is headquartered in Elgin, Illinois, and operates through 89 branches serving approximately 91,000 customer locations.

Conference Call

The Company will host a conference call on Thursday, October 15, 2020 at 9:30 AM Central Time, during which management will give a brief presentation focusing on the Company's operations and financial results. Interested parties can listen to the audio webcast available through our company website, http://crystal-clean.com/investor-relations/, and can participate on the call by dialing (833) 968-1975. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 4274573.

The Company uses its website to make information available to investors and the public at www.crystal-clean.com.

Heritage-Crystal Clean, Inc.
Mark DeVita, Chief Financial Officer, at (847) 836-5670

LONDON--(BUSINESS WIRE)--#DieselFuelMarket--The diesel fuel market is poised to grow by USD 92.15 billion during 2020-2024, progressing at a CAGR of over 1% during the forecast period.

The report on the diesel fuel market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing oil and gas E&P investments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

The diesel fuel market analysis includes the end-user segment and geographic landscapes. This study identifies the increasing adoption of hybrid power systems as one of the prime reasons driving the diesel fuel market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The diesel fuel market covers the following areas:

Diesel Fuel Market Sizing

Diesel Fuel Market Forecast

Diesel Fuel Market Industry Analysis

Companies Mentioned

• BP Plc
• Chevron Corp.
• Exxon Mobil Corp.
• PetroChina Co. Ltd.
• Qatar Petroleum
• Reliance Industries Ltd.
• Rosneft Oil Co.
• Royal Dutch Shell Plc
• Saudi Arabian Oil Co.
• SK Energy Co. Ltd.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Transportation - Market size and forecast 2019-2024
• Industrial - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing adoption of hybrid power systems
• Growing adoption of bio-based and clean fuels
• Increasing adoption of modular mini refineries

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• BP Plc
• Chevron Corp.
• Exxon Mobil Corp.
• PetroChina Co. Ltd.
• Qatar Petroleum
• Reliance Industries Ltd.
• Rosneft Oil Co.
• Royal Dutch Shell Plc
• Saudi Arabian Oil Co.
• SK Energy Co. Ltd.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

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.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) signed a Memorandum of Understanding (MoU) with McPhy (EPA:MCPHY), a leading manufacturer and supplier of carbon-free hydrogen production and distribution equipment, pursuant to which the two companies will jointly work on technology development and project implementation. TechnipFMC is also making an equity investment in McPhy.

TechnipFMC’s Technip Energies segment is a leading global engineering and construction services provider for the global energy industry and is a market leader in hydrogen, having provided proprietary steam reforming technology for more than 270 hydrogen production plants worldwide. The MoU establishes a collaboration framework for the manufacturing and commercialization of (i) hydrogen electrolysis production systems for large industry, renewable energy storage and large mobility projects and (ii) hydrogen distribution systems for large mobility projects. Through their MoU, Technip Energies and McPhy will jointly address commercial opportunities, work on integrating their respective offerings and work on research and development for hydrogen technology.

Arnaud Pieton, President of Technip Energies, stated: “The collaboration with McPhy is an important milestone for the future of the green hydrogen industry and demonstrates our ambition to accelerate the journey to a low-carbon society. We will work with McPhy to develop large-scale and competitive carbon-free hydrogen solutions from production to liquefaction, storage and distribution which we firmly believe is core to achieving net-zero targets. We are excited to be also joined by Chart Industries, whose expertise lies in equipment development and is complementary to our process technology and project capabilities. We are proud to keep the same pioneering spirit and our commitment to technology and outstanding project execution to serve the energy transition.”

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Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

###

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
Tel: +1 281 260 3665
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Phillip Lindsay
Director Investor Relations Europe
Tel: +44 203 429 3929
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Media relations
Christophe Belorgeot
Senior Vice President Corporate Engagement
Tel: +33 1 47 78 39 92
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Jason Hyonne
Public Relations Officer
Tel: +33 1 47 78 22 89
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ANG also executes pre-order agreement to purchase up to 250 Hypertruck ERX vehicles

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Inc. (Hyliion), a leader in electrified powertrain solutions for Class 8 commercial vehicles, and American Natural Gas, Inc. (ANG), an industry-leading alternative fuel provider, announced today a partnership agreement that offers Hyliion customers discounted pricing for renewable natural gas (RNG) at ANG fueling stations across the country. For qualifying fleet customers, ANG has also agreed to build new fueling stations near Hyliion’s customer locations with no upfront capital costs to such customers.

Hyliion and ANG also entered into a sales agreement that includes a pre-order of up to 250 Hypertruck ERX vehicles, allowing for early availability of Hyliion’s fully electric powertrain to ANG and its fleet customers. Using RNG, the Hypertruck ERX is an electric solution for Class 8 vehicles that offers a net-negative carbon emissions profile and the lowest total cost of ownership over the life of the vehicle compared to current competitive offerings.

“As a leading supplier of RNG, we are committed to helping our customers—which include more than 200 fleets and several of the nation’s largest fleets—choose greener, more efficient fuel alternatives while improving the overall fueling experience for drivers across the country,” said Drew West, CEO and founder of ANG. “With the Hypertruck ERX, fleets can leverage RNG—the least carbon-intensive alternative fuel—to reduce their carbon footprint, achieve corporate sustainability goals and realize critical cost savings.”

In addition to offering Hyliion and its customers discounted natural gas pricing, ANG agreed to provide up to 100 percent RNG across its national network of fueling stations. Leveraging ANG’s refueling infrastructure, Hyliion customers will be able to conveniently access a cleaner, more sustainable fuel source at a cost significantly less than current diesel, hydrogen fuel cell or grid electricity pricing.

“A robust and highly scalable infrastructure is critical to the adoption of our electrified solutions,” said Thomas Healy, CEO and founder of Hyliion. “That’s why we’re working with ANG to reduce costs and enable us to offer our customers refueling stations where they are needed. Hyliion customers can continue their journeys to electrification with confidence that RNG will be available at a price that can reduce their ownership costs over the lifetime of their vehicles.”

With more than 700 stations nationwide operated by ANG and other fueling providers, the natural gas refueling infrastructure supports the needs of long-haul fleets without the range anxiety impacting other commercial electric vehicle solutions in development. Through the partnership agreement, ANG will provide Hyliion’s qualifying Hypertruck ERX customers with a fueling station upon request at no upfront capital cost to the fleet. All of ANG’s stations are built with the compression needed to sustain short refuel times for Class 8 vehicles equivalent to those of diesel refueling.

For more information on Hyliion, visit www.hyliion.com.

About Hyliion

A wholly owned subsidiary of Hyliion Holdings Corp. (NYSE: HYLN), Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, it designs, develops and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial vehicles, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

About American Natural Gas

American Natural Gas, Inc. (ANG), a subsidiary of Beyond6, Inc. (Beyond Carbon), delivers turnkey fueling solutions to fleets of all shapes and sizes. ANG is a premier distributor of alternative motor fuels in the US. ANG designs, builds, owns, operates and maintains a growing network of alternative energy stations across the county. ANG’s mission is to make renewable natural gas and other alternative energy options readily available for commercial and public use nationwide. ANG’s team of industry, legal, construction, engineering and entrepreneurial experts is committed to driving the alternative fuel industry forward. ANG provides the best solution possible to meet and exceed its customer’s sustainability goals. For more information, visit www.beyond6.com.

Danielle South
Red Fan Communications
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Company provides conference call details

PHOENIX--(BUSINESS WIRE)--ON Semiconductor Corporation (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended October 2, 2020, before the market opens on Monday, November 2, 2020.

The company will host a conference call at 9 a.m. Eastern Time on November 2, 2020, following the release of its financial results. Investors and interested parties can access the conference call in the following manner:

• Webcast: A live webcast of the conference call will be available via the “Investor Relations” section of the company’s website at http://www.onsemi.com. The re-broadcast of the call will be available at this site approximately one hour following the live broadcast and will remain available for 30 days.

• Teleconference: A telephone conference of the earnings report can be accessed by dialing (877) 356-3762 (U.S./Canada) or (262) 558-6155 (International). In order to join this conference call, you will be required to provide the Conference ID Number – which is 2377135.

About ON Semiconductor

ON Semiconductor (Nasdaq: ON) is driving energy efficient innovations, empowering customers to reduce global energy use. The company is a leading supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy efficient power management, analog, sensors, logic, timing, connectivity, discrete, SoC and custom devices. The company’s products help engineers solve their unique design challenges in automotive, communications, computing, consumer, industrial, medical, aerospace and defense applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, a robust compliance and ethics program, and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe and the Asia Pacific regions. For more information, visit http://www.onsemi.com.

Follow @onsemi on Twitter: https://twitter.com/onsemi

ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its website in this news release, such information on the website is not to be incorporated herein.

Kris Pugsley
Corporate/Media Communications
ON Semiconductor
(312) 909-0661
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Parag Agarwal
Vice President Investor Relations and Corporate Development
ON Semiconductor
(602) 244-3437
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4,386 modules produce 2,044,000 kWh of electricity

HARVARD, Ill.--(BUSINESS WIRE)--#greenenergy--Pedigree Ovens and The Pound Bakery, located in Arrowhead Industrial Park, Harvard, Illinois, has completed installation of a 200,000 sq. ft. solar panel array, powering 100% of the pet food manufacturer’s energy needs.

In 2018, Pedigree Ovens and The Pound Bakery finished construction of their 212,000 sq. ft. facility, supporting the company’s rapid growth as a provider of large and small batch, handcrafted pet treats. During planning, the company committed to continually making improvements to minimize their impact on the environment.

“Switching to a solar energy source is not only substantial for our business, but for our environment as well,” said Pedigree Ovens and The Pound Bakery owner, Kurt Stricker. “Installing these panels is another step in our progress to make our operations more sustainable.”

Calling the project “pawesome”, Stricker said the installation is handcrafted like its food and treats and represents the company’s love for dogs

“It’s a perfect statement about everything that we do and care about,” said Striker, referring to the custom black-on-black-on-black solar modules’ shape of a paw print and dog bone, and to the significant reduction in the company’s carbon footprint.

The manufacturer worked with Simpleray to design the 1.703 kW system, built with 4,386 solar modules. The panels produce 2,044,000 kWh of electricity annually, saving energy costs and offsetting 1,456 tons of greenhouse gases. The 51,000,000 kWh produced over the next 25 years is equivalent to 9,00 metric tons of CO2, the power used to charge 1.15 billion smartphones, 22,090,165 miles driven by a passenger vehicle, and prevents 50 rail cars of coal from being burned.

“We are excited to have sustainable energy to support our sustainable products and contribute to a clean energy future for our community,” said Stricker.

Installation took three months and was unveiled during National Clean Energy Week (9/21-25) on approximately 4.5 acres. The original plan called for installing panels on the roof, but was revised in consideration of future expansion.

Pedigree Ovens, The Pound Bakery and PetDine are industry-leading pet consumable manufacturers specializing in all-natural dog food and treats since 1996, baking healthy dog food and treats for leading brands and top-of-the-line private labels for over 20 years. To learn more, visit www.thepoundbakery.com.

Media: Linda Murphy, This email address is being protected from spambots. You need JavaScript enabled to view it., 914-523-1976

DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE:LBRT) announced today that it will release its financial results for the third quarter 2020 on Tuesday, October 27, 2020 after the market closes. Following the release, the Company will host a conference call to discuss the results at 8:00AM Mountain Time (10:00AM Eastern Time) on Wednesday, October 28, 2020. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer.

Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10137977. The replay will be available until November 4, 2020.

About Liberty Oilfield Services Inc.

Liberty is an independent provider of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Liberty was founded in 2011 with a relentless focus on improving tight-oil completions, and an emphasis on customer partnerships and technology to find innovative answers to frac optimization. Liberty is headquartered in Denver, Colorado. For more information about Liberty Oilfield Services Inc. or this event, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

Michael Stock
Chief Financial Officer
303-515-2851
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The University and Lightsource bp partner to boost the sustainable benefits of solar energy for a brighter future

PHILADELPHIA--(BUSINESS WIRE)--#PennState--Penn State announced that this month the University has begun purchasing renewable electricity generated from three Lightsource bp solar farms that have completed construction in Franklin County. The projects were initiated in early 2019 upon the signing of a 70 megawatt Power Purchase Agreement (PPA) under which Penn State would purchase 100% of the electricity generated by the projects constructed and operated by Lightsource bp.

In total, the solar farms will produce over 100 million kilowatt-hours of electricity in year one, supplying 25% of the University’s state-wide electricity needs and lowering Penn State’s greenhouse gas emissions by 57,000 mtCO2e per year, or the equivalent of removing 12,100 fuel-burning cars from the road. It will provide Penn State with estimated cost savings in year one of $272,000 and more than $14 million over the 25-year contract term.

David Gray, Vice President for Finance and Business and Treasurer, Penn State: “At a time when we are facing so many great challenges, the beginning of this 25-year power purchase agreement offers a bright moment and a true reflection of the university’s ability and commitment to not just grow, but to succeed in a way that enhances the health and sustainability of the planet and future generations.”

Beyond the carbon reduction and cost savings benefits of the solar farms, Penn State and Lightsource bp have a wider mission to maximize the sustainability impacts of solar farming in the U.S. with a comprehensive approach that fosters biodiversity, improves soil health, provides pollinator habitats, and is a long-term living laboratory for students to learn and innovate for our sustainable future.

Kevin Smith, CEO of the Americas, Lightsource bp: “This project is a great example of how, with proper planning and committed partners, utility-scale solar projects can bring a large range of benefits to communities – from providing clean and cost-effective electricity to boosting biodiversity and diversifying farm income.”

Energizing student success with real-world experiences

More than fifty Penn State students with a variety of majors, including business, engineering, and marketing have experienced, and will continue to have access to a variety of learning, research and internship opportunities related to the solar project.

Eric Barron, University President: “From planning to implementation and beyond, our students were granted firsthand, once-in-a-lifetime access to innovative learning and research opportunities related to the expanding renewable energy industry. These living lab experiences prepare students for new career possibilities, and a brighter future for all of us.”

One group of senior engineering students worked with Lightsource bp through the University’s Bernard J. Gordon Learning Factory to design an interactive excel guide for wind and solar developers, learning how to navigate the grid interconnection process and related requirements and fees on the local, state and federal level. Another class of students within Penn State's Smeal College of Business had the opportunity to work on a semester long, real-world project and then pitch business marketing strategies to executives at Lightsource bp as part of their class with Karen Winterich, Professor and Smeal Research Fellow at the college. And during Fall 2019 semester, graduate researchers from multiple disciplines across the university toured the solar site as part of the LandscapeU program which studies the food-energy-water system in the Chesapeake Bay watershed and elsewhere.

“Having Penn State students involved in the project as well as contribute to our business strategy has been an added benefit,” added Smith. “We’ve been impressed with their critical thinking and caliber of work.”

Enhancing resilience of landowners and their land

The three solar farms are on 500 acres of land leased from local landowners, providing a diversified, reliable cash flow in the local Pennsylvania farming community. Additionally, in partnership with Penn State, local farmers, ecology and grazing experts, Lightsource bp created a plan to enhance biodiversity as well as continue agricultural use through rotational sheep grazing to maintain the land and provide a supplemental source of income to local farmers.

Each of the three solar farms – called Nittany 1, 2 and 3 – were seeded with a specially formulated seed mix aptly named Fuzz and Buzz. Developed by the American Solar Grazing Association (ASGA) in partnership with Ernst Conservation Seeds and Pollinator Service, Fuzz and Buzz was specifically designed for solar sites to support grazing, and biodiverse enough to support a range of pollinators. Here in Pennsylvania as well as around the world, habitat loss, disease and environmental contaminants have caused pollinator populations to decline, which has detrimental effects on food crops that rely on pollinators.

The Nittany 1 site will be the first to support grazing activities, to begin in Spring 2021. Sheep grazing will keep the farmland in farm production and employ Pennsylvania farmers. It can also improve soil health by increasing the cycling of nutrients, carbon and water.

Emilie Wangerman, VP of Business Development, Lightsource bp: “From the beginning of our partnership with Penn State, the focus has been on affordability and benefits to the community and environment. Penn State’s robust request for proposal (RFP) process could serve as a blueprint for other universities on how to maximize the positive impacts of an investment in renewable energy.”

A brighter future for Penn State and Pennsylvanians

The solar project contributed significantly to Penn State achieving its goal of reducing its greenhouse gas emissions by 35% from 2005 levels by 2020, and to the realization of Pennsylvania’s goal to reduce its emissions by 80% from 2005 levels by 2050.

Bill Sitzabee, Vice President for Facilities Management, Penn State: “I challenged our team to make this solar project happen in Pennsylvania, and it’s been great to be a part of the teamwork that has transformed that vision into a reality. After converting the university from coal to natural gas, the investment in solar made perfect sense as a next step as we work systemically to address both the demand side and supply side of the energy equation to thoughtfully and incrementally reduce GHGs 80% by 2050.”

As part of an internship with Lightsource bp, Penn State business marketing students helped create a ‘virtual ribbon-cutting' experience where visitors can learn more about the solar project and take a virtual tour, view digital dashboards of the three solar arrays to see the amount of energy they are producing and amount of carbon they are reducing, and hear from the team who helped make this exciting project a reality. Please join us for the virtual ribbon-cutting event by clicking here.

Paul Shrivastava, chief sustainability officer and director of the Sustainability Institute at Penn State: “With 23 campuses and connections to so many communities across the state, Penn State is well positioned to contribute to Pennsylvania becoming a sustainability success story over the next decade. I look forward to more projects like this one where we not only achieve our goals as a university but also improve the resilience of local communities and contribute to a more equitable future for everyone.”

About Lightsource bp

Lightsource bp is a global leader in the development and management of solar energy projects. They are a 50:50 joint venture with bp plc, working together to help drive the world’s transition to low carbon energy through competitively priced and sustainable electricity. With solar set to increase tenfold in the next 20 years, Lightsource bp is well-positioned to capitalize on this growth and enact real change on the global energy landscape through responsible solar projects.

The team is comprised of 500 industry specialists, active across 13 countries – providing a full-service to their customers from initial site selection and permitting through to long-term management of projects. Lightsource bp in the US is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since the company announced its strategic expansion into North America in late 2017, the team has developed a pipeline of more than 7 gigawatts of large-scale solar projects at various stages of development across the United States with more than 1,000 megawatts of contracted assets. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.

For media inquiries, please contact Mary Grikas at This email address is being protected from spambots. You need JavaScript enabled to view it.

LEAWOOD, KS--(BUSINESS WIRE)--Tortoise today announced that the Board has authorized a share repurchase program for Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) effective through August 31, 2021. Under the share repurchase program, TPZ intends to purchase in the open market, $5 million of its outstanding common shares, if trading at a discount to NAV in excess of 10%.

“The TPZ share repurchase program, like previously announced TYG, NTG and TTP share repurchase programs, is focused on maximizing NAV, and is expected to be accretive to per share cash flow,” said Brad Adams, CEO of Tortoise’s closed-end funds.

The Board will monitor the repurchase program which includes deciding whether or not to renew the repurchase program at the end of its term. Repurchase activity, including the number of shares purchased, the average purchase price and the average discount to net asset value, will be disclosed in the fund’s quarterly reports to stockholders, as well as included in the monthly unaudited balance sheet press releases. The share purchase program follows Rule 10b-18 requirements, and there is no assurance that the Fund will repurchase shares in any amount.

On July 8, 2020, Tortoise announced share repurchase programs for TYG, NTG and TTP. Share repurchase program amounts completed during the period July 8, 2020 to October 13, 2020, are as follows:

Tortoise Capital Advisors, L.L.C. is the Adviser to the funds.

For additional information on these funds, please visit cef.tortoiseecofin.com.

About Tortoise

Tortoise focuses on energy infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe 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. 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 the fund’s reports that are filed with 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 by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.

LONDON--(BUSINESS WIRE)--#FlexiblePipesMarketforOilandGas--The flexible pipes market for oil and gas is poised to grow by USD 123.54 million during 2020-2024 progressing at a CAGR of over 2% during the forecast period.

The report on the flexible pipes market for oil and gas provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising investment in upstream oil and gas activity.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

The flexible pipes market for oil and gas analysis includes the type segment, application segment and geographic landscapes. This study identifies the growing acceptance of engineering-grade flexible materials as one of the prime reasons driving the flexible pipes market for oil and gas growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The Flexible Pipes Market for Oil and Gas Covers the following areas:

• Flexible Pipes Market for Oil and Gas Sizing
• Flexible Pipes Market for Oil and Gas Forecast
• Flexible Pipes Market for Oil and Gas Industry Analysis

Companies Mentioned

• Airborne Oil & Gas BV
• Continental AG
• FlexSteel Pipeline Technologies Inc.
• General Electric Co.
• MAGMA GLOBAL Ltd.
• National Oilwell Varco Inc.
• Prysmian Spa
• Shawcor Ltd.
• TechnipFMC Plc
• Wienerberger AG

Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Offshore - Market size and forecast 2019-2024
• Onshore - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Type

• Market segments
• Comparison by Type
• HDPE - Market size and forecast 2019-2024
• PA - Market size and forecast 2019-2024
• PVDF - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Airborne Oil & Gas BV
• Continental AG
• FlexSteel Pipeline Technologies Inc.
• General Electric Co.
• MAGMA GLOBAL Ltd.
• National Oilwell Varco Inc.
• Prysmian Spa
• Shawcor Ltd.
• TechnipFMC Plc
• Wienerberger AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

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.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/

HOUSTON--(BUSINESS WIRE)--SANDRIDGE PERMIAN TRUST (OTC Pink: PERS) today confirmed that it has received notice that SRPT Acquisition, LLC, a wholly owned subsidiary of PEDEVCO Corp. (“PEDEVCO”), has commenced an unsolicited offer to exchange each outstanding unit of beneficial interest of the Trust for 4/10ths of one share of PEDEVCO common stock.

On or before October 27, 2020, the Trust will file with the Securities and Exchange Commission (“SEC”) a Solicitation/Recommendation Statement on Schedule 14D-9 to advise unitholders as to whether The Bank of New York Mellon Trust Company, N.A., as trustee of the Trust (the “Trustee”), recommends acceptance or rejection of the exchange offer, expresses no opinion and remains neutral to the exchange offer, or is unable to take a position with respect to the exchange offer, and the reasons for that position or inability to take a position.

The Trustee requests that unitholders defer making a determination whether to accept or reject the exchange offer until unitholders have been advised of the Trustee’s position with respect to the exchange offer.

Separately, on October 13, 2020, Avalon Energy, LLC (“Avalon”), the sponsor of the Trust, notified the Trustee that Avalon has entered into a purchase and sale agreement with Montare Resources I, LLC (“Montare”) for the sale of certain wells and leasehold interests (the “Assets”) in which the Trust owns royalty interests. As permitted under the Amended and Restated Trust Agreement governing the Trust, the Assets have been sold to Montare unburdened by the Trust’s royalty interests, and the Trust will receive approximately $4.9 million for the royalty interests to be released by the Trustee in connection with the sale of the Assets. According to Avalon, based on a valuation provided by an independent petroleum engineering firm, the fair value of the royalty interests to be released represents approximately 31.8% of the total fair value of the royalty interests owned by the Trust immediately prior to the sale.

Cautionary Statement Regarding Forward-Looking Information

This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the Trust’s expectations regarding the timing of the filing of the Trust’s Solicitation/Recommendation Statement on Schedule 14D-9 and statements regarding the sale of the Assets to Montare and the amount to be received by the Trust for the royalty interests to be released. Statements made in this press release are qualified by the cautionary statements made in this press release. The Trustee does not intend and does not assume any obligation, to update any of the statements included in this press release. An investment in common units issued by the Trust is subject to the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Report on Form 10-Q for the period ended June 30, 2020, and all of its other filings with the SEC. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.

ADDITIONAL INFORMATION

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The Trust will file a solicitation/recommendation statement on Schedule 14D−9 with the U.S. Securities and Exchange Commission (“SEC”). Any solicitation/recommendation statement filed by the Trust that is required to be mailed to unitholders will be mailed to unitholders of the Trust. INVESTORS AND UNITHOLDERS OF THE TRUST ARE URGED TO READ THESE AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and unitholders will be able to obtain free copies of these documents (when available) and other documents filed with the SEC by the Trust through the website maintained by the SEC at http://www.sec.gov. In addition, this document and other materials related to PEDEVCO’s unsolicited proposal may be obtained from the Trustee free of charge by directing a request to the Trustee by phone at (512) 236-6555 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it..

SandRidge Permian Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1(512) 236-6555

LONDON--(BUSINESS WIRE)--#GeothermalHeatPumpMarket--Technavio has been monitoring the geothermal heat pump market and it is poised to grow by USD 9.5 billion during 2020-2024, progressing at a CAGR of almost 9% 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.

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. Download Latest Free Sample Report on COVID-19 Analysis

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Danfoss AS, Mitsubishi Electric Corp., NIBE Industrier AB, Robert Bosch GmbH, Stiebel Eltron (Aust) Pty. Ltd., Trane Technologies Plc, United Technologies Corp., Vaillant GmbH, Viessmann Werke GmbH & Co. KG, and Weishaupt (UK) Ltd. 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.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The rising global energy consumption has been instrumental in driving the growth of the market. However, the adverse impact on grid systems might hamper market growth.

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

Geothermal Heat Pump Market 2020-2024: Segmentation

Geothermal Heat Pump Market is segmented as below:

• End-user
  • Residential
  • Non-residential
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

Geothermal Heat Pump 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 geothermal heat pump market report covers the following areas:

• Geothermal Heat Pump Market Size
• Geothermal Heat Pump Market Trends
• Geothermal Heat Pump Market Industry Analysis

This study identifies the emergence of building energy management system (BEMS) as one of the prime reasons driving the Geothermal Heat Pump Market growth 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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Geothermal Heat Pump Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist geothermal heat pump market growth during the next five years
• Estimation of the geothermal heat pump market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the geothermal heat pump market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of geothermal heat pump market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Residential - Market size and forecast 2019-2024
• Non-residential - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Danfoss AS
• Mitsubishi Electric Corp.
• NIBE Industrier AB
• Robert Bosch GmbH
• Stiebel Eltron (Aust) Pty. Ltd.
• Trane Technologies Plc
• United Technologies Corp.
• Vaillant GmbH
• Viessmann Werke GmbH & Co. KG
• Weishaupt (UK) Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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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Strong Winds Expected to Begin This Evening and Last Through Friday Morning in Most Locations

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) will de-energize certain electrical lines for safety over the course of this evening (Wednesday, Oct. 14) as part of a Public Safety Power Shutoff (PSPS). PG&E is calling a PSPS due to a high-wind event combined with low humidity and severely dry vegetation, that together create high risk of catastrophic wildfires. The PSPS event will affect approximately 53,000 customers in targeted portions of 24 counties.

Customer notifications indicating that the PSPS event would happen began this afternoon and will continue through early evening. Lines will be de-energized starting at approximately 6 p.m. tonight and the de-energization process will continue throughout the evening depending upon location. (A small number of customers will not lose power until Thursday afternoon.)

This PSPS will affect customers in targeted portions of 24 counties in the Northern Sierra Nevada foothills; the mid and higher elevations in the Sierra generally north of Yosemite; the North Bay mountains near Mt. St. Helena; small pockets in the East Bay near Mt. Diablo; a pocket of the Oakland Hills east of Piedmont (generally between Highway 24 and Upper San Leandro Reservoir); the elevated terrain east of Milpitas around the Calaveras Reservoir; and portions of the Santa Cruz and Big Sur mountains. All of these areas are covered by National Weather Service Red Flag Warnings, indicating critical fire weather conditions.

To support our customers during this PSPS event, PG&E will open 40 Community Resource Centers (CRCs) at 5 p.m. today (Wednesday, Oct. 14). The CRCs will stay open until 10 p.m. and then operate from 8 a.m. to 10 p.m. through the event. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms, hand-washing stations, medical-equipment charging, WiFi; bottled water, grab-and-go bags and non-perishable snacks.

Timeline for safety shutoffs

The first de-energization phase will begin around 6 p.m. this evening and affect approximately 33,000 customers in portions of the following counties in the Northern Sierra Foothills and North Bay Mountains: Butte, Lake, Napa, Nevada, Plumas, Shasta, Solano, Sonoma, Tehama, Yolo and Yuba.

The second phase will begin around 8 p.m. this evening and affect approximately 19,000 customers in portions of the following counties in the Sierra Foothills, Bay Area and Santa Cruz Mountains: Alameda, Amador, Calaveras, Contra Costa, El Dorado, Monterey, Nevada, Placer, San Mateo, Santa Clara, Santa Cruz and Sierra.

A third phase is expected to begin around 4 p.m. Thursday (Oct. 15) and affect approximately 700 customers in portions of Amador, Calaveras, Humboldt and Trinity counties.

Once the weather subsides on Friday morning, PG&E will patrol and inspect the de-energized lines to ensure they were not damaged during the wind event and repair any damage found. PG&E will then safely restore power in stages and as quickly as possible, with the goal of restoring power to nearly all customers within 12 daylight hours after severe weather has passed.

PG&E anticipates power will be restored to essentially all customers affected by the PSPS event who can receive service by 10 p.m. on Friday (Oct. 16), weather and safety permitting.

Customer notifications—via text, email and automated phone call—began late Monday afternoon, approximately two days prior to the potential shutoff. An additional notification, one day prior to the event, took place Tuesday. Customers enrolled in the company’s Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.

Affected Counties and Customers

The power shutoff is currently expected to affect approximately 53,000 customers in the following 24 counties, including:

• Alameda County: 5,326 customers, 210 Medical Baseline customers
• Amador County: 57 customers, 0 Medical Baseline customers
• Butte County: 11,341 customers, 981 Medical Baseline customers
• Calaveras County: 262 customers, 17 Medical Baseline customers
• Contra Costa County: 929 customers, 61 Medical Baseline customers
• El Dorado County: 1,654 customers, 73 Medical Baseline customers
• Humboldt County: 187 customers, 1 Medical Baseline customer
• Lake County: 82 customers, 5 Medical Baseline customers
• Monterey County: 636 customers, 23 Medical Baseline customers
• Napa County: 9,221 customers, 314 Medical Baseline customers
• Nevada County: 224 customers, 6 Medical Baseline customers
• Placer County: 389 customers, 13 Medical Baseline customers
• Plumas County: 1,855 customers, 103 Medical Baseline customers
• San Mateo County: 1,687 customers, 56 Medical Baseline customers
• Santa Clara County: 2,210 customers, 103 Medical Baseline customers
• Santa Cruz County: 5,076 customers, 351 Medical Baseline customers
• Shasta County: 4,697 customers, 397 Medical Baseline customers
• Sierra County: 1,052 customers, 24 Medical Baseline customers
• Solano County: 871 customers, 66 Medical Baseline customers
• Sonoma County: 1,777 customers, 64 Medical Baseline customers
• Tehama County: 1,228 customers, 57 Medical Baseline customers
• Trinity County: 178 customers, 10 Medical Baseline customers
• Yolo County: 10 customers, 0 Medical Baseline customers
• Yuba County: 1,841 customers, 141 Medical Baseline customers

Total: 52,791 customers, including 3,062 Medical Baseline customers

Customers can use an address lookup tool to find out if their location is included in this safety shutoff at www.pge.com/pspsupdates.

The power shutoff will affect less than 1 percent of the 5.4 million customers within PG&E’s service area. Due to improvements to the PSPS program and infrastructure over the course of 2020 – such as improved meteorology forecasting and guidance tools, sectionalizing and temporary generation to energize microgrids, substations and critical facilities and enabling local generation facilities to serve local customers – we are able make this upcoming PSPS event smaller in size compared to a similar 2019 PSPS event. Combined, these efforts will keep the power on for approximately 12,750 safe-to energize customers who would have otherwise lost power due to transmission-level outages during this PSPS event.

Community Resource Centers Reflect COVID-Safety Protocols

While a PSPS is an important safety tool to reduce the risk of major wildfires during severe fire risk weather, PG&E understands that losing power disrupts lives.

PG&E’s temporary Community Resource Centers (CRCs) will open today from 5 to 10 p.m. (standard hours from 8 a.m. to 10 p.m.) to support our customers affected by the PSPS. The CRCs will provide ADA-accessible restrooms, hand-washing stations; medical-equipment charging; WiFi; bottled water; grab-and-go bags and non-perishable snacks. The 40 CRCs, located throughout PG&E’s service area in locations affected by the PSPS, will remain open throughout the event.

In response to the COVID-19 pandemic, all CRCs will follow important health and safety protocols including:

• Facial coverings and maintaining a physical distance of at least six feet from those who are not part of the same household will be required at all CRCs.
• Temperature checks will be administered before entering CRCs that are located indoors.
• CRC staff will be trained in COVID-19 precautions and will regularly sanitize surfaces and use Plexiglass barriers at check-in.
• All CRCs will follow county and state requirements regarding COVID-19, including limits on the number of customers permitted indoors at any time.

Besides these health protocols, customers visiting a CRC in 2020 will experience further changes, including a different look and feel. In addition to using existing indoor facilities, PG&E will open CRCs at outdoor, open-air sites in some locations and use large commercial vans as CRCs in other locations. CRC format will depend on a number of factors, including input from local and tribal leaders. Supplies also will be handed out in grab-and-go bags at all CRCs so most customers can be on their way quickly.

PG&E updates its CRC locations regularly. Click here for updates.

Here’s Where to Go to Learn More

• PG&E’s emergency website pge.com/pspsupdates is now available in 13 languages. Currently, the website is available in English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi and Japanese. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website.

• For additional language support services including how to set language preference, select options for obtaining translated notifications, and receive other translated resources on PSPS, customers can visit www.pge.com/pspslanguagehelp. This website is available in 11 languages including English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Hmong, Khmer, Punjabi and Japanese. Customers who need in-language support over the phone can contact us by calling 1-833-208-4167.

• Customers are encouraged to update their contact information and indicate their preferred language for notifications by visiting pge.com/mywildfirealerts or by calling 1-800-743-5000.

• Tenants and non-account holders can sign up to receive PSPS ZIP Code Alerts for any area where you do not have a PG&E account by visiting pge.com/pspszipcodealerts.

• PG&E has launched a new tool at its online Safety Action Center safetyactioncenter.pge.com to help customers prepare. By using the "Make Your Own Emergency Plan" tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2020 earnings at 9:00 AM CDT on Friday, November 6, 2020. Forum will issue a press release regarding its third quarter 2020 earnings prior to the conference call.

To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The access code is 6796418. The call will also be broadcast through the Investor Relations link on Forum’s website at www.f-e-t.com. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. A replay of the call will be available for two weeks after the call and may be accessed by dialing 855-859-2056 within North America, or 404-537-3406 outside of North America. The access code is 6796418.

Forum Energy Technologies is a global oilfield products company, serving the drilling, downhole, subsea, completions and production sectors of the oil and natural gas industry. The Company’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe. For more information, please visit www.f-e-t.com.

Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
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New capabilities amplify and extend Fluence’s energy storage product line, enabling customers to maximize the value of energy storage & renewables while accelerating grid decarbonization

ARLINGTON, Va.--(BUSINESS WIRE)--#energystorage--Fluence, a Siemens and AES company, today announced it has acquired the digital intelligence platform of AMS, the leading provider of A.I.-enabled optimized bidding software for utility-scale storage and generation assets. The combination of the two companies’ technologies will help utilities, developers, and commercial and industrial customers optimize energy storage and flexible assets to deliver additional revenue, improve grid reliability and efficiency, and support the global transition to more sustainable and resilient power systems.

AMS’ technology uses artificial intelligence, advanced price forecasting, portfolio optimization and market bidding to ensure energy storage and flexible generation assets are responding optimally to price signals sent by the market. AMS’ and Fluence’s technologies together will act as a force multiplier, maximizing asset value by combining Fluence’s deep experience operating batteries in the field with AMS’ ability to optimize market participation.

The acquisition, which follows a year-long partnership between the two companies, complements and expands upon Fluence’s digital intelligence capabilities, such as market dispatch algorithms, battery degradation modeling and anomaly detection. By joining the Fluence team, AMS will leverage Fluence’s global sales reach to make its software available to more customers around the world.

“Our century-old power system is stressed. Renewable energy and energy storage are the solution,” said Brett Galura, chief technology officer at Fluence. “AMS has developed one of the most powerful AI-enabled software engines available in the industry. This acquisition provides customers with data-driven insights that maximize the value and performance of generation and storage assets to make the entire grid smarter. These innovations will drive the transformation of global electric power systems to ensure a more sustainable future.”

The acquisition allows Fluence to increase the value of energy storage and renewable energy for customers. The combination of Fluence’s sixth generation tech stack, which can reduce balance of system costs for energy storage by up to 25 percent, with AI-enabled software that can increase revenue from battery energy storage by more than 100 percent, maximizes the ROI of energy storage. AMS’ software has also increased the revenues of standalone renewable assets by over 10 percent via optimized wholesale market bidding.

Fluence takes a technology-agnostic "app store” approach to integrating the world’s best digital applications – both its own and third parties’ – to optimize energy storage and flexible generation assets. This philosophy extends to AMS’ optimized bidding software, which will be available as a standalone application for owners of energy storage, hybrid and standalone generation assets. Asset owners will be able to use the software to optimize their systems regardless of whether they use Fluence technology. The market bidding software is currently available in the U.S. in the California ISO (CAISO) and in Australia’s National Electricity Market (NEM), where it optimizes over 15 percent of Australia’s wind and solar resources, with plans to expand to additional markets in the near future.

“We are incredibly excited to join the team at Fluence. Customers are building larger fleets of energy storage and flexible generation assets, while at the same time wholesale markets are becoming more complex and volatile,” said Seyed Madaeni, chief executive officer at AMS. “We have a unique opportunity to lead the clean energy revolution by using AI to optimize the dispatch of flexible assets, maximize their value and make the entire electric power system more responsive, reliable and resilient. As part of the Fluence team, we will have the capabilities and resources to accelerate the global expansion of our software.”

Fluence’s integrated hardware, software and digital intelligence has powered more than 7.6 million MW-hr of delivered energy storage service to date. Together, AMS and Fluence cover nearly 5 GW of existing or awarded assets around the world. AMS is currently bidding 1.7 GW of assets, with a further 0.7 GW under contract, in Australia and California; Fluence has deployed or been awarded 2.4 GW of energy storage projects in 22 countries and territories.

About Fluence

Fluence, a Siemens and AES company, is the global market leader in energy storage technology solutions and services, combining the agility of a technology company with the expertise, vision and financial backing of two well-established and respected industry giants. Building on the pioneering work of AES Energy Storage and Siemens energy storage, the company’s goal is to create a more sustainable future by transforming the way we power our world. Providing design, delivery and integration, Fluence offers proven energy storage technology solutions that address the diverse needs and challenges of customers in a rapidly transforming energy landscape. The company currently has more than 2.4 gigawatts of projects in operation or awarded across 22 countries and territories worldwide. Fluence topped the Navigant Research utility-scale energy storage leaderboard in 2018 and was named one of Fast Company’s Most Innovative Companies in 2019.

To learn more about Fluence, please visit: fluenceenergy.com.

Media
Alison Mickey, director of communications
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703-721-8818

BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, announced today that it will release its financial results for the second quarter fiscal year 2021, before the opening of financial markets on Wednesday, October 28, 2020.

The Company will host a conference call and webcast to review its financial and operating results, strategy and outlook. A question-and-answer session will follow.

Second Quarter Fiscal Year 2021 Financial Results Conference Call
   Wednesday, October 28, 2020
   11:00 a.m. Eastern Time
   Phone: (201) 689-8560
   Internet webcast link and accompanying slide presentation: www.graham-mfg.com

A telephonic replay will be available from 2:00 p.m. ET on the day of the teleconference through Wednesday, November 4, 2020. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13710948, or access the webcast replay via the Company’s website at www.graham-mfg.com, where a transcript will also be posted once available.

ABOUT GRAHAM CORPORATION

Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.

Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.

Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
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Deborah K. Pawlowski / Christopher M. Gordon
Kei Advisors LLC
Phone: (716) 843-3908 / (716) 843-3942
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LONDON--(BUSINESS WIRE)--#cargoinsurance--The Global Cargo Insurance Market is poised to experience spend growth of more than USD 5 billion between 2019-2024 at a CAGR of over 2.00%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Read the 120-page research report with TOC and LOE on "Global Cargo Insurance Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."

SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Cargo Insurance Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment

Insights into the Market Price Trends

• Suppliers in this market have moderate bargaining power owing to moderate pressure from substitutes and a moderate level of threat from new entrants.
• Buyers can benchmark their preferred pricing models for Cargo Insurance Market the wider industry information and identify the cost-saving potential.

Insights to help buyers identify and shortlist the most suitable suppliers for their Cargo Insurance Market requirements. This procurement report answers the following questions:

• Am I engaging with the right suppliers?
• Which KPIs should I use to evaluate my incumbent suppliers?
• Which supplier selection criteria are relevant for?
• What are the Cargo Insurance Market category essentials in terms of SLAs and RFx?

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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:

• What should be my strategic procurement objectives, activities, and enablers for the Cargo Insurance Market category?
• What negotiation levers can I pull for cost-saving?
• What are Cargo Insurance Market procurement best practices I should be promoting in my supply chain?

Some of the top Cargo Insurance Market suppliers enlisted in this report

This Cargo Insurance Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

• American International Group Inc.
• AXA Group
• Allianz SE
• Marsh & McLennan Companies Inc.
• Aon Plc
• Chubb Ltd.

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Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

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