Using the company’s innovative X-Engine, LiquidPiston is working with the U.S. Army and its xTechSearch small business technology competition to develop new UAV propulsion and aircraft auxiliary power systems
BLOOMFIELD, Conn.--(BUSINESS WIRE)--#Army--LiquidPiston, Inc., developer of advanced rotary internal combustion engines for diesel and jet fuels, today announced it received a Small Business Innovation Research (SBIR) Phase I grant from the U.S. Army for the development of its X-Engine as a hybrid-electric propulsion platform for UAVs. The company showcased its X-Engine powered propulsion platform in a successful parallel hybrid UAV demonstration using jet fuel, watch the first flight here [short version; longer version]. The company was also named one of 12 winners in the U.S. Army xTechSearch 3.0, a prize competition to award and accelerate innovative technology solutions that can help solve key Army challenges, for its X-Engine configured as a high-efficiency auxiliary power unit (APU). These new aviation applications of LiquidPiston’s X-Engine technology demonstrate the versatility of the X-Engine system and its ability to provide compact, fuel-efficient power for manned or unmanned aircraft using military-grade heavy fuels such as JP8.
“This SBIR award and xTechSearch 3.0 innovation competition showcases the Army’s interest in innovative, fuel-efficient power sources to deliver the power needed to support Future Vertical Lift (FVL) Modernization Priorities,” said Alec Shkolnik, CEO and co-founder of LiquidPiston. “When we reimagined the rotary engine with the X-Engine, we knew it could be used to improve power generation in a number of different ways, given its high power-to-weight, efficiency, and ability to run on heavy fuel including Jet-A / JP8 fuel which the Army wants to use exclusively. The versatility of LiquidPiston’s X-Engine enables the company to provide hybrid-electric power generation in various form factors, which makes it uniquely suited to serve not just FVL, but all 6 of the Army’s modernization priorities.”
The X-Engine, a rotary engine that operates on the company’s patented High-Efficiency Hybrid Cycle (HEHC), is the perfect power source for a hybrid-electric propulsion platform because of its compact size and fuel efficiency. UAVs with Vertical Take Off and Landing (VTOL) capabilities enable the Army to launch and land UAVs on a small area and set up and stow quickly while the X-Engine hybrid-electric power system allows minimization of heavy, low energy density onboard batteries. The X-Engine, configured as a parallel electric hybrid, also provides UAVs with the unique ability to cruise in “quiet mode” using electric-only power, with the ability to restart the engine mid-flight, enabling more efficient fuel usage and stealthier missions. The ability to do this on jet fuel has not previously been demonstrated in other vehicles currently fielded.
The flexibility of the X-Engine can further be seen with the company’s development of various APU concepts for Army aircraft and land vehicles. The company entered into the xTechSearch competition with a high-efficiency aviation APU concept for rotorcraft. The proposed unit is compact, highly-efficient, and can perform the typical on-ground APU functions but also functions in-flight to offload the main engines in providing supplementary power for hydraulics, heating and cooling, and addresses the increasing power demands of the onboard electronics, weapons and other equipment. In APU applications, the X-Engine approaches the power density and packaging similar to a turbine-based APU, with the efficiency of a Diesel engine. Today’s APU’s are only 5-10% efficient, making them useful for only short periods on the ground. The LiquidPiston APU would offer substantial gains in power and efficiency and offload the main engines, allowing a helicopter substantial gains in range, or adding a passenger or other payload capability.
The X-Engine, when matured and deployed, will help to provide the increasing power requirements for direct and hybrid electric propulsion for the US Army Future Tactical UAS (FTUAS) and other DoD UAS programs as well as Auxiliary Power Units (APUs), Supplemental Power Units (SPUs) and Power & Thermal Management Systems (PTMS) for manned rotorcraft and fixed wing aircraft.
Dr. William Cohen, Chief Technology Officer of the U.S. Army Assistant Secretary of the Army (Acquisition, Logistics and Technology) i.e. ASA(ALT), said “Advanced power generation and alternative fuels are critical for the Army, and we continuously seek new technologies that can materially improve our ability to execute national security missions. Reliable engine technologies that offer a wide range of sustainable applications, from UAVs to auxiliary power units for air and land vehicles, can increase endurance and lessen reliance on contested or extended supply lines. Potential benefits include increased reliability and access to power, increased redundancy within the power distribution network, reduced logistics footprint associated with fuel distribution, and extended operational reach.”
To learn more about these developments, LiquidPiston’s X-Engine, and participation in the Army xTechSeach click here. For media assets click here.
The xTechSearch, or Expeditionary Technology Search competition, was first launched in June 2018 by the United States Assistant Secretary of the Army for Acquisition, Logistics, and Technology (ASA(ALT)), which serves as the Army Acquisition Executive. The competition is a four-phase catalyst for the Army to engage with the community of innovators such as LiquidPiston.
About LiquidPiston, Inc.
LiquidPiston, Inc. develops compact, quiet, fuel-efficient, low-vibration, multi-fuel capable combustion engines that are scalable from one horsepower to over 1,000. The company’s patented High Efficiency Hybrid Cycle (HEHC), an improved thermodynamic cycle, and engine architecture enable the company to create engines optimized for fuel efficiency. LiquidPiston’s engines have only two primary moving parts - a shaft and rotor - resulting in compact size and low-vibration operation. Although they are rotary engines, LiquidPiston’s engines are not Wankel engines; they are uniquely configured to adopt the company’s patented thermodynamic cycle and its associated efficiency and low-noise benefits. To learn more, visit www.liquidpiston.com.
Media Contact
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BIGfish Communications for LiquidPiston
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DALLAS--(BUSINESS WIRE)--The Trustees of Texas Pacific Land Trust (NYSE:TPL) (the “Trust”) announced today that, while the Trust continues to make progress toward effecting its planned corporate reorganization into a Delaware corporation, the Trust now aims to be in a position to move forward with the reorganization by the end of the fourth quarter of 2020.
The decision to extend the timeline was related in part to the large number of assets impacted by the reorganization and unanticipated effects of COVID-19 on working with governmental offices to obtain necessary information and update official records. This decision was also made following consultation with the members of the Conversion Exploration Committee. The Trust will continue to work toward completing the corporate reorganization but recognizes that ongoing impacts of COVID-19 and other unanticipated disruptions could continue to extend the intended timeframe despite the Trust’s efforts.
Further information regarding the corporate reorganization will be included in a registration statement on Form 10 for Texas Pacific Land Corporation when publicly filed with the Securities and Exchange Commission.
About Texas Pacific Land Trust
Texas Pacific Land Trust is one of the largest landowners in the State of Texas with approximately 900,000 acres of land in West Texas. The Trust was organized under a Declaration of Trust to receive and hold title to extensive tracts of land in the State of Texas, previously the property of the Texas and Pacific Railway Company, and to issue transferable Certificates of Proprietary Interest pro rata to the holders of certain debt securities of the Texas and Pacific Railway Company. Texas Pacific Land Trust’s Trustees are empowered under the Declaration of Trust to manage the lands with all the powers of an absolute owner. Texas Pacific Land Trust is not a REIT.
Visit the Trust at www.tpltrust.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on the Trust’s beliefs, as well as assumptions made by, and information currently available to, the Trust, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and the words “believe,” “anticipate,” “continue,” “intend,” “expect” and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the corporate reorganization and other references to strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although the Trust believes that plans, intentions and expectations, including those regarding the corporate reorganization, reflected in or suggested by any forward-looking statements made herein are reasonable, the Trust may be unable to achieve such plans, intentions or expectations and actual results, performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: a determination of the Trustees of the Trust not to provide final approval of all actions and transactions necessary to effect the corporate reorganization; a determination that the corporate reorganization will not be tax-free to the Trust and holders of the Trust’s sub-share certificates; the SEC declining to declare effectiveness of filings necessary to effect the corporate reorganization; the NYSE declining to approve the listing of common stock of the new corporation on the NYSE; the occurrence of any event, change or other circumstances that could give rise to the abandonment of the corporate reorganization; changes or uncertainties in the expected timing, likelihood or completion of the corporate reorganization; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the corporate reorganization; the potential impacts of COVID-19 on the global and U.S. economies as well as on the Trust’s financial condition and business operations; risks related to disruption of management time from ongoing business operations due to the corporate reorganization; the initiation or outcome of potential litigation; and any changes in general economic and/or industry specific conditions. Except as required by law, the Trust undertakes no obligation to publicly update or revise any such forward-looking statements. For more information concerning factors that could cause actual results to differ from those expressed or referred to herein, see the Trust’s annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC.
(214) 969-5530
Chris Steddum
Vice President, Finance and Investor Relations
HOUSTON--(BUSINESS WIRE)--#MidlandBasin--Milestone Environmental Services, LLC (“Milestone”), the largest independent provider of oilfield waste disposal services in the U.S., announced today that the New Mexico Oil Conservation Division (“NMOCD”) has approved the company’s permit for an oilfield waste slurry injection facility near Jal, in Lea County. The facility, the first of its kind permitted in New Mexico, required multiple permits from the NMOCD, including a permit to inject oilfield waste and a solid waste management permit. These permits mark Milestone’s first move into the New Mexico side of the Permian Basin, the heart of the most prolific oil and gas production basin in the United States.
Milestone’s proprietary slurry injection process is both an economically efficient and environmentally superior method for oilfield waste disposal. Using this process, Milestone captures drilling, completion, and production waste and reinjects it back into the earth through a network of facilities located throughout the Permian Basin and the Eagle Ford Shale. The reinjection of hydrocarbon-contaminated waste is a form of permanent carbon sequestration, and thus materially reduces the carbon footprint of oil and gas operations. In addition to reducing carbon footprint, Milestone’s disposal methods enable E&P operators to avoid soil and groundwater contamination risks associated with onsite disposal methods that dispose of waste above the water table.
The permitted location is on Highway 128 just 14 miles west of Jal, New Mexico, in the Delaware Basin, providing New Mexico operators with the opportunity to dispose of oilfield waste liquids using this carbon negative and environmentally advanced solution.
“Milestone is proud to partner with the State of New Mexico and the petroleum industry to provide our carbon-negative disposal solution to oil and gas operators in the state,” said Milestone President and CEO Gabriel Rio. “In the severely depressed 2020 energy environment, our customers have an urgent need to simultaneously reduce their costs while working to reduce the environmental impact of their operations. Milestone is proud to be part of the answer to both challenges.”
Approval of the permit is the culmination of years of development efforts by the Milestone team, and is a valuable addition to Milestone’s unrivaled network of patented slurry facilities across the Permian Basin.
About Milestone Environmental Services
Milestone Environmental Services is an oilfield waste disposal services provider with an environmentally focused, cost-effective, and efficient approach to managing oilfield waste. Milestone operates strategically located, state-of-the-art disposal facilities that provide dependable, local services for leading U.S. oil and gas operators. Milestone is a premium provider of oilfield waste disposal, operating for more than 25 years. The company is headquartered in Houston, Texas, and currently operates eight oilfield waste disposal locations in the Permian Basin and Eagle Ford Shale. For more information, please visit www.Milestone-ES.com.
Media Contact: Jessica Clements, This email address is being protected from spambots. You need JavaScript enabled to view it.
New software solution will increase efficiency and improve visibility for the fuel distributor
ATLANTA--(BUSINESS WIRE)--#cloud--PDI (www.pdisoftware.com), a global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced Refuelling Solutions has chosen PDI Logistics Cloud to support its fuel delivery operation. PDI’s next-generation logistics software delivers a comprehensive, cloud-based solution that will enable the Australia-based fuel distributor to reduce its technology footprint and increase real-time operational visibility and control.
Refuelling Solutions, trading as Mini-Tankers and Maxi-Tankers, became a PDI customer following the software company’s 2018 acquisition of TouchStar Group. Today’s announcement comes after an extensive search by the fuel distributor to find a holistic solution that included advanced planning and dispatching, mobile capabilities, forecasting, telematics, compliance and analytics.
“We pride ourselves on being a forward-thinking company that employs innovative technology to help optimize our supply chain and deliver great customer service,” said Tony Hartin, Managing Director, Refuelling Solutions. “We needed a solution that could support our growing business. PDI’s consistent commitment to our success combined with the capabilities in their latest logistics software made them the best partner for us now and in the future.”
PDI’s expansion into the Asia Pacific region began a few years ago with several strategic acquisitions. Since then, the software company has continued investing in developing industry-specific, cloud-based solutions across its broad solutions portfolio. As PDI Logistics Cloud becomes broadly available, carriers will have access to a scalable, end-to-end solution to optimize and manage every part of their business.
“Refuelling Solutions has been part of the PDI customer family for several years, and we’re excited to see that relationship grow and expand in the coming years,” said Sid Gaitonde, senior vice president and general manager, Logistics Solutions, PDI. “More than ever, companies like Refuelling Solutions need technology to help them adapt in real-time to rapidly changing market conditions, maximize their margins and satisfy their customers. PDI is committed to being a trusted partner to businesses in the APAC region and around the world.”
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Cederick Johnson, PDI
+1 254.410.7600 I This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#Oilandgasengineeringprocurementconstructionmanagementmarket--The Global Oil and Gas Engineering, Procurement, Construction Management Industry is poised to experience spend growth of more than USD 10 billion between 2020-2024 at a CAGR of over 4.27%. 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 Oil and Gas Engineering, Procurement, Construction Management Industry – 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 Oil and Gas Engineering, Procurement, Construction Management Industry 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
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Insights to help buyers identify and shortlist the most suitable suppliers for their Oil and Gas Engineering, Procurement, Construction Management Industry requirements. This procurement report answers the following questions:
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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:
Some of the top Oil and Gas Engineering, Procurement, Construction Management Industry suppliers enlisted in this report
This Oil and Gas Engineering, Procurement, Construction Management Industry procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.
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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SpendEdge
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CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) confirmed today that its Kearl oil sands operation has safely started ramping up production to normal rates following the return to service of a third-party diluent pipeline. The production impact of the outage is still being determined and will be updated at a later date.
Imperial’s first priority continues to be the safety of our employees, contractors and the communities where we operate.
Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include, but are not limited to, references to the ramp up of the Kearl operation and the production impact of the outage still to be determined.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning the restoration of diluent supply and operations related to the third-party pipeline; the ability to source alternate diluent supply if required; the company’s ability to effectively ramp up production at the facility; the company’s ability to effectively execute on its business response and continuity plans; production rates; applicable laws and government policies and actions, including restrictions in response to COVID-19; demand growth and energy source, supply and mix; general market conditions; commodity prices; and capital and environmental expenditures could differ materially depending on a number of factors. These factors include availability and performance of third-party service providers, including third-party pipelines and in light of restrictions related to COVID-19; unanticipated technical or operational difficulties, including unplanned maintenance in connection with facility ramp up; operational hazards and risks; management effectiveness and disaster response preparedness, including business continuity plans in response to COVID-19; the receipt, in a timely manner, of regulatory and third-party approvals; political or regulatory events, including changes in law or government policy such as actions in response to COVID-19; global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Source: Imperial
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
White Paper analyzing 12,854 Permian Basin oil and gas wells shows DirtWork Alert™ satellite imagery service accurately predicts new oilfield drilling ahead of any other source
HOUSTON--(BUSINESS WIRE)--#Sourcewater--Sourcewater, Inc., the technology leader in upstream energy and water intelligence, released its white paper, “Permian Basin Well Pads versus Drilling Permits for Predicting New Drilling.” The research, led by a Rice University research scholar, analyzed 12,854 Permian Basin oil and gas wells to measure the time and probability relationships between drilling permits, new drilling events and oilfield well pads detected in Sourcewater’s patented DirtWork Alert™ satellite imagery AI/ML analytics service.
Key findings include that 1 in 5 Texas drilling permits and only 1 in 2 New Mexico permits were ever drilled. At the same time, satellite imagery detection of well pad construction predicted fully one-third of all drilled wells on median almost three months ahead of any drilling permit filing. Moreover, drilling permits paired with satellite-detected well pads were far more likely to be drilled than permits without a well pad, in about half the time of permit without a pad.
“Traditional energy intelligence relies on regulatory records such as drilling permits and completion reports,” said Sourcewater Founding CEO Josh Adler. “These public data are self-reported, often late, missing or erroneous, and do not even attempt to track some of the most important energy activities on the ground. Sourcewater is pioneering AI/ML analysis of satellite imagery to identify energy activity that never shows up in regulatory data, or shows up too late to matter. We contextualize those results in the best data gathering, analytics and geospatial visualization platform in the industry to show upstream energy activity earlier and better than any other source. In a tough time for our industry, we are applying all our creativity, technology and perseverance to give our clients an edge.”
To get a free copy of the White Paper, visit: https://info.sourcewater.com/permian-dirtwork-white-paper
About Sourcewater
Sourcewater, Inc., (www.sourcewater.com) an MIT spinout based in Houston, Texas, is the technology leader in upstream energy and water intelligence. Sourcewater gathers, analyzes and visualizes satellite imagery, regulatory data and subsurface insights to show oilfield activity earlier, more completely and more accurately than any other source. The company has been granted nine U.S. patents.
Camille Alfaro, Director of Marketing
P: +1 (713) 909-4664
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DALLAS--(BUSINESS WIRE)--HollyFrontier Corporation (NYSE:HFC) (“HollyFrontier” or the “Company”) announced today that it has priced an offering of $750 million aggregate principal amount of its senior notes, consisting of $350 million aggregate principal amount of 2.625% Senior Notes due 2023 (the “2023 Notes”) and $400 million aggregate principal amount of 4.500% Senior Notes due 2030 (the “2030 Notes” and, together with the 2023 Notes, the “Notes”) at a price to the public of 99.894% of the principal amount of the 2023 Notes and a price to the public of 99.824% of the principal amount of the 2030 Notes. The offering is expected to close on September 28, 2020, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering for general corporate purposes, which may include capital expenditures.
Interest on the Notes will be payable on April 1 and October 1 of each year. The first interest payment on the Notes will be due on April 1, 2021.
BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering. The offering is being made pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:
BofA Securities, Inc.
NC1-004-03-43
Attn: Prospectus Department
200 North College Street, 3rd Floor
Charlotte, North Carolina 28255-0001
Toll-free: 1-800-294-1322
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Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Toll-free: 1-800-831-9146
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
Toll-free: 1-877-649-6848
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
TD Securities (USA) LLC
31 W 52nd Street
New York, New York 10019
Toll-free: 1-855-495-9846
An electronic copy of the prospectus supplement and accompanying prospectus will also be available on the website of the Securities and Exchange Commission at www.sec.gov.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale of the Notes would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HollyFrontier Corporation
HollyFrontier Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. HollyFrontier owns and operates refineries located in Kansas, Oklahoma, New Mexico and Utah and markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states. In addition, HollyFrontier produces base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and exports products to more than 80 countries. HollyFrontier also owns a 57% limited partner interest and a non-economic general partner interest in Holly Energy Partners, L.P., a master limited partnership that provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including HollyFrontier Corporation subsidiaries.
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts are “forward-looking statements” based on management’s beliefs and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties, including those contained in our filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that our expectations will prove correct. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Any differences could be caused by a number of factors, including, but not limited to, the extraordinary market environment and effects of the COVID-19 pandemic, including the continuation of a material decline in demand for refined petroleum products in markets the Company serves; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products or lubricant and specialty products in the Company’s markets; the spread between market prices for refined products and market prices for crude oil; the possibility of constraints on the transportation of refined products or lubricant and specialty products, the possibility of inefficiencies, curtailments or shutdowns in refinery operations or pipelines, whether due to infection in the workforce or in response to reductions in demand; effects of governmental and environmental regulations and policies, including the effects of current restrictions on various commercial and economic activities in response to the COVID-19 pandemic; the availability and cost of financing to the Company, the effectiveness of the Company’s capital investments and marketing strategies, the Company’s efficiency in carrying out and consummating construction projects, including the Company's ability to complete announced capital projects, such as the conversion of the Cheyenne Refinery to a renewable diesel facility and the construction of the Artesia renewable diesel unit and pretreatment unit, on time and within budget; the Company's ability to timely obtain or maintain permits, including those necessary for operations or capital projects; the ability of the Company to acquire refined or lubricant product operations or pipeline and terminal operations on acceptable terms and to integrate any existing or future acquired operations; the possibility of terrorist or cyberattacks and the consequences of any such attacks; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States; further deterioration in gross margins or a prolonged economic slowdown due to COVID-19 could result in an impairment of goodwill and / or additional long-lived asset impairments; and other financial, operational and legal risks and uncertainties detailed from time to time in the Company’s Securities and Exchange Commission filings. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Richard L. Voliva III, Executive Vice President and Chief Financial Officer
Craig Biery, Vice President, Investor Relations
HollyFrontier Corporation
214-954-6510
AOAC certification confirms Safe Catch as undisputed authority in testing seafood for mercury
SAN FRANCISCO--(BUSINESS WIRE)--#mercurytested--Safe Catch’s revolutionary technology, which tests fish for mercury in under 60 seconds, is now certified by AOAC INTERNATIONAL as equivalent to ICP-MS testing methods utilized by the FDA. A Safe Catch mercury test is 250 times faster than an ICP-MS lab. AOAC International certification is the premier standard for verifying scientific testing methods and confirms Safe Catch is the undisputed authority in testing seafood for mercury.
Safe Catch has tested over 5 million tuna for mercury and tests more tuna fish in a day than the FDA has tested in its history. Safe Catch will share its extensive data on mercury levels in tuna and other fish with researchers so they can better understand the impact of coal plant emissions on ocean fish.
“Safe Catch invented technology to test every single fish for mercury because there is no other way to assure purity,” said Safe Catch Founder, Bryan Boches. “Two identical tuna, that are the same size and caught in the same location, can vary in mercury levels by 10 times. Some brands promote a myth that smaller tuna or pole & line caught tuna are automatically low in mercury. Verified Safe Catch testing results prove this is not the case.”
“The high levels in individual fish is a critical health concern and the basis for the EPA and FDA mercury advisories,” said Dr. Linda Birnbaum, Ph.D. scientist emeritus, former Director of the National Institute of Environmental Health Sciences and the National Toxicology Program, now a scholar in residence at Duke University. “Seafood is a nutritious source of protein and vital oils, but inadvertent consumption of mercury has always lingered as a health concern. The scientifically validated Safe Catch technology solves the mercury question for consumers, giving them a reliable and recognizable source.”
The seafood industry is aware of declining consumption due to mercury concerns. The NFI, a seafood lobby, responds with attacks against the FDA and EPA mercury advisories and comments that health issues from mercury in fish could be fake news.
“Safe Catch was started because my mom got sick and it took months for doctors to determine that she had elevated mercury levels from eating too much tuna,” said Safe Catch Founder, Sean Wittenberg. “Safe Catch is the only seafood brand to align itself with the mercury standards of the medical community, which is why our Elite Tuna has a strict limit that averages two times lower mercury than the recommendation for pregnant women and kids. Consumers recognize and appreciate our transparency around this important health benefit and are rewarding Safe Catch with their loyalty. Safe Catch is now the fastest growing seafood brand in the US as a result. Now other brands and retailers are calling us about certifying their seafood.”
Safe Catch – Protecting You and the Ocean
Safe Catch invented a proprietary technology to become the only brand to test every individual tuna for mercury. Safe Catch Elite is the lowest mercury tuna of any brand. Safe Catch Elite is Paleo certified, Whole30 certified and is the official tuna of the American Pregnancy Association. Safe Catch products are sustainably caught, Non-GMO project certified, plastic neutral and BPA NI. Safe Catch also offers salmon and sardines and will introduce a “Safe Catch Certified” program for fresh seafood. Find Safe Catch products in 12,000 stores nationwide and at safecatch.com.
Laura Baumgartner
Asylum Public Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
855-462-7958
LONDON--(BUSINESS WIRE)--#ContainerLeasingMarket--Technavio has been monitoring the global container leasing market size and it is poised to grow by 26.35 million teu during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Blue Sky Intermodal (UK) Ltd., CAI International Inc., Eurotainer SA, Florens Asset Management Co. Ltd., Mitsubishi UFJ Lease & Finance Co. Ltd., Seaco, SeaCube Container Leasing Ltd., Textainer Group Holdings Ltd., Touax SCA, and Triton International 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.
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The growth in international containerized seaborne trade has been instrumental in driving the growth of the market. However, fluctuations in container leasing rates might hamper market growth.
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Container Leasing Market 2020-2024: Segmentation
Container Leasing Market is segmented as below:
Container Leasing Market 2020-2024: Scope
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This study identifies the increase in the number of free trade agreements and the formation of trade blocs as one of the prime reasons driving the Container Leasing Market growth during the next few years.
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Container Leasing Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by container type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Teams from Colombia, Uganda and the U.S. selected for outstanding innovations that help meet need for clean water and adequate food supply globally
NEW YORK--(BUSINESS WIRE)--Earlier today in a virtual awards ceremony, global technology company Siemens, in collaboration with Engineering for Change (E4C), a knowledge organization, digital platform and community from the American Society of Mechanical Engineers (ASME), announced the two winners of the Innovate for Impact: Siemens Design Challenge. The winning teams produced scalable solutions addressing two of the United Nations sustainable development goals: zero hunger and clean water.
Taking the prize in the Zero Hunger category, the EcoLife Foods team introduced EcoLife Cold Room — a cold room storage solution that aids rural farmers in lessening crop loss due to poor handling and storage techniques. Targeting communities in central and southern Uganda, the cold room is made of locally sourced and recycled elements, resulting in a cooperative, affordable, and sustainable design. Representing Uganda and the U.S., the team is made up of Kyle Gaiser, Hadijah Nantambi, and Ian Williams.
“We were inspired by the opportunity to model agricultural innovations from the ground up,” said the EcoLife Foods team. “We have farmers and academics alike brainstorming insulation designs and testing manufacturing processes. This challenge gave us the opportunity to pursue research goals and accomplish our vision of providing every Ugandan - whether in a far-off village, or a densely packed informal settlement- with fresh healthy food."
Topping the competition in the Clean Water category, the Apü üya Wüin—The Guardian of Water team designed a ready-to-assemble solar-powered water desalination device. Targeting the arid La Guajira region of Colombia, the team supplemented the device with a comprehensive education strategy that assures social appropriation of the technology for the Parenskat-Wayuu community. The team consists of John Aguilar, Mónica Gutiérrez, Manuel Mejía, Sebastian Rodriguez, and Aliex Trujillo of Colombia.
“The beauty of our device is that it can be assembled and maintained without any special tools or training,” shared the Apü üya Wüin team. “We are one step closer to providing a sustainable solution to water supply in the community of Parenskat.”
Each winning solution has been awarded $10,000 (USD), as well as tailored guidance and support based on their individual product development needs. Winners will connect with the appropriate subject matter experts at Siemens and within the E4C network, and have their designs highlighted in the months ahead at events including Impact.Engineered. Winners will participate in the Impact.Engineered “Tech Gallery” alongside other hardware-led social enterprises to gain valuable exposure to global development professionals for their startup ventures.
Announced in February, the challenge was a call to action for socially minded engineers and hardware innovators who chose to either design a postharvest off-grid preservation technology to reduce farm-to-table food loss in lower resource settings or to design a low-cost, energy-efficient, scalable innovation for desalination of brackish water. Participants were made up of engineering students, practicing engineers, faculty, entrepreneurs, and global development practitioners. Competitors from 34 countries, representing 43 universities, took part in the challenge and proposed more than 220 solutions. Four finalists were announced in August for each of the two tracks.
“We created this challenge nearly a year ago with the purpose of discovery at the forefront of our goals -- and what we received in response has exceeded our expectations,” said Barbara Humpton, CEO, Siemens USA. “As we confronted a global crisis, we watched our participants adapt – utilizing digital tools to connect across the globe – resulting in more than 200 submitted solutions. Rising to the top among hundreds, I congratulate our two winners for embodying Siemens’ mission of using technology to serve society by creating two exceptional yet practical innovations.”
ASME’s E4C team architected the application and evaluation process, educated participants on human-centered design principles, and provided a variety of enabling tools and resources. Siemens provided free access and training on cutting-edge technology tools for digital design and engineering from its Xcelerator™ portfolio, including Solid Edge® software and a new co-creation platform developed with Siemens’ Mendix™ platform for low-code application development. Siemens’ software is widely used by many of the world’s leading companies to design, engineer and manufacture all types of products and infrastructure.
“Over the course of the Challenge phases, the judges focused on the most promising submissions in terms of their technological merit, adoption potential, scalability, and ultimately their impact on quality of life,” says Iana Aranda, director of engineering global development programs for ASME. “These two teams excelled consistently while integrating the judges’ feedback throughout the challenge. Their solutions truly strive for sustainability and embody the principles of human-centered design.”
For more information about Innovate for Impact: Siemens Design Challenge, please visit https://bit.ly/2UTJKmS.
Twitter| LinkedIn| Instagram| @Engineer4Change #innovate4impact #SiemensChallenge #TodayMeetsTomorrow
About Engineering for Change (E4C)
Engineering for Change (E4C) is a knowledge organization dedicated to preparing, educating, and activating the international engineering workforce to improve the quality of life of underserved communities worldwide. E4C provides access to resources, talent and platforms that accelerate the development of impactful solutions and infuse engineering rigor into global development. Our diverse, global community of over 1 million people is comprised of engineers, technologists, social entrepreneurs, and development practitioners.
Jointly founded by ASME and other leading engineering societies, E4C has attracted the support of a variety of partners and sponsors ranging from industry, academia, non-profits and multilateral organizations, and corporations including Siemens.
About ASME
ASME helps the global engineering community develop solutions to real-world challenges. Founded in 1880 as the American Society of Mechanical Engineers, ASME is a not-for-profit professional organization that enables collaboration, knowledge sharing and skill development across all engineering disciplines, while promoting the vital role of the engineer in society. ASME codes and standards, publications, conferences, continuing education, and professional development programs provide a foundation for advancing technical knowledge and a safer world. For more information visit asme.org.
About Siemens USA
Siemens Corporation is a U.S. subsidiary of Siemens AG, a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed companies Siemens Energy, the global energy business of Siemens, and Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the energy systems of today and tomorrow as well as the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy (as part of Siemens Energy), Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. For more than 160 years, the company has innovated and invented technologies to support American industry spanning manufacturing, energy, healthcare, and infrastructure. In fiscal 2019, Siemens USA reported revenue of $26.5 billion and employs approximately 50,000 people throughout all 50 states and Puerto Rico. Follow us on Twitter at: www.twitter.com/siemensUSA
Note: A list of relevant Siemens trademarks can be found here.
Media:
Monica Shovlin
MCShovlin Communications LLC
(for E4C and ASME)
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Ashley Lagzial
Siemens USA
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Inquiry Framework, procedures and rules defined
CALGARY, Alberta--(BUSINESS WIRE)--The Alberta Public Inquiry into foreign funding of anti-Alberta energy campaigns has established a framework for conducting the Inquiry’s engagement with specific parties about the information gathered to date.
“For this engagement, I have posted the Rules for Procedure and Practice, accompanied by my Ruling on Interpretation of the Terms of Reference (together, the Inquiry Framework), in order to provide clarity and formality, which will lead to findings to be contained within a final report to be sent to Alberta’s Energy Minister, and subsequently released publicly,” said Steve Allan, Commissioner of the Alberta Public Inquiry.
“I anticipate this engagement process will be conducted primarily in writing, including an exchange of correspondence and written submissions, by parties who are granted standing to review and respond to issues of interest to the Inquiry. Additional face-to-face meetings may also be conducted. I am conscious of striking a balance between the need for an efficient and cost-effective process, and the importance of ensuring parties are treated fairly and given a reasonable opportunity to respond to matters that may affect their interests,” Allan said.
The Inquiry Framework, containing the Ruling on Interpretation of the Terms of Reference and the Rules for Procedure and Practice, is posted on the Inquiry website www.albertainquiry.ca.
Background
In July 2019, the Government of Alberta launched the Alberta inquiry, under the Public Inquiries Act, into the anti-Alberta energy campaigns that are supported by foreign organizations. Steve Allan, a Calgary forensic and restructuring accountant with 40 years of experience, was appointed as the Commissioner to lead the Inquiry.
Alan Boras
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 403.630.4911
Website: www.albertainquiry.ca
Solar energy investments soar despite global pandemic and economic recession
SAN FRANCISCO--(BUSINESS WIRE)--#SEIA--Renewable Properties, a developer and investor of small-scale utility and community solar energy projects throughout the U.S., announces it has successfully raised $30 million from funds managed by CarVal Investors, a global alternative investment fund manager. Funds will be used to further develop Renewable Properties’ existing utility-scale solar project pipeline, expand development efforts into new and existing markets, and secure new project opportunities and acquisitions.
“At the beginning of this year I made the decision to raise more capital and expand our business based on the team I’ve proudly assembled, and CarVal’s experience in renewables made them the ideal capital partner,“ said Aaron Halimi, founder and president of Renewable Properties. “In the short term, with CarVal’s capital commitment, we plan to expand our efforts in the Northeast, in our home state of California, and continue to incorporate energy storage solutions into our projects with a goal of eventually growing our business to the point where we’re completing 100 megawatts of community-scale solar or more per year.”
This investment will enable CarVal Investors to further expand its position as a key player in clean energy investing with over $1 billion in renewable energy investments across the U.S.
“This investment is a testament to the resilience of the solar energy industry and, specifically, the team of professionals at the helm of Renewable Properties,” said Jerry Keefe, principal, CarVal Investors. “We envision this initial investment will propel Renewable Properties toward their long-term goal of completing 100 megawatts of community-scale solar annually.”
Though the COVID pandemic delayed a few project start dates, Renewable Properties is still on track to have a record 2020. With solar energy projects like the recently announced community solar projects with MCE (Soscol Ferry Road, and Silveira Ranch), Marin’s largest community solar project to date, another 16.8 megawatts across six utility-scale solar projects under construction with Duke Energy in North and South Carolina, and a handful of additional projects slated to break ground prior to the end of the year, the firm expects to start construction on 50 megawatts of solar capacity with 30 megawatts of that capacity achieving commercial operation by the end of the year.
About Renewable Properties:
Founded in 2017, Renewable Properties specializes in developing and investing in small-scale utility and community solar energy projects throughout the U.S. Led by experienced renewable energy professionals with development and investment experience, Renewable Properties works closely with communities, developers, landowners, utilities and financial institutions looking to invest in large solar energy systems. For more information about Renewable Properties, visit www.renewprop.com.
About CarVal Investors
CarVal Investors is a global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, CarVal’s experienced team has navigated through ever-changing credit market cycles, opportunistically investing $123 billion in 5,480 transactions across 82 countries. Today, CarVal Investors has approximately $9 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets. www.carvalinvestors.com
Philip Hall
#310-430-1091
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DUBLIN--(BUSINESS WIRE)--The "Green Technology and Sustainability Market Research Report: By Technology, Application - Global Industry Size, Share, Trends, Growth Analysis and Forecast Report to 2030" report has been added to ResearchAndMarkets.com's offering.
Compared to $8.3 billion in 2019, the industry is predicted to generate revenue of $57.8 billion in 2030. Additionally, between 2020 and 2030 (forecast period), the market would advance at a CAGR of 20.0%.
Due to the rising awareness about the harmful effects of greenhouse gas emission on the environment, the need for low-carbon electricity is increasing, which is driving the global green technology and sustainability market. Governments and utility firms around the world are focusing on generate power from renewable sources like the sun, wind, and water, to reduce the carbon footprint. By employing artificial intelligence (AI), the created energy can be stored for cloudy days, when the photovoltaic (PV) panels cannot function.
Thus, with an increase in the renewable power capacity and integration of advanced systems to store the energy, the green technology and sustainability market is growing.
Green Buildings to be Largest Application Area till 2030
Green buildings are expected to continue dominating the green technology and sustainability market till 2030. This is attributed to the fact that since buildings consume a lot of power, thus resulting in air pollution, the focus on making them energy-efficient is dire. By using green technologies during the construction and operation of buildings, the energy usage and wastage can be significantly reduced, therefore despite their high capital requirement, they are finding widespread adoption, thus driving the market.
During the forecast period, the AI and analytics category would witness the fastest growth in the green technology and sustainability market, at a CAGR of 21.5%. It would be because of rapid adoption of these technologies in urban planning advancement, ecological outline creation for building structures, and spatial evaluation. In addition, to transition to smart manufacturing processes, the adoption of AI and analytics is necessary.
In 2019, North America was the largest green technology and sustainability market, due to the heavy investments granted to the residential, industrial, and commercial sectors for the deployment of emerging technologies, by private and public companies. In the coming years, Asia-Pacific (APAC) is projected to grow the fastest in the industry, on account of the increasing awareness about environmental damage. Further, with the booming population, the demand for electricity is rising, which contributed to global warming, ultimately.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Technology
4.1.1.1 IoT
4.1.1.2 AI and analytics
4.1.1.3 Cloud computing
4.1.1.4 Blockchain
4.1.1.5 Digital twin
4.1.1.6 Others
4.1.2 By Application
4.1.2.1 Green buildings
4.1.2.2 Environment management
4.1.2.3 Air quality management
4.1.2.4 Water and wastewater management
4.1.2.5 Solid waste management
4.1.2.6 Climate change management
4.1.2.7 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Integration of IoT in EMSs
4.3.1.2 Increasing usage of smart grids
4.3.2 Drivers
4.3.2.1 Shifting focus on renewable energy sources
4.3.2.2 Rising demand for low-carbon electricity generation
4.3.2.3 Electrical energy price volatility
4.3.2.4 Favorable government initiatives
4.3.2.5 Rising adoption of building automation
4.3.2.6 Rising need to reduce operating costs
4.3.2.7 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Energy networks vulnerable to cyberattacks
4.3.3.2 Huge costs of deployment
4.3.3.3 Long payback period for energy-intensive industries
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Use of AI-enabled robots for improved sustainability management
4.3.4.2 Technological developments at workplace and asset management
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Technology
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Competitive Analysis
11.2 List of Players and Their Offerings
11.3 Strategic Developments of Players
11.3.1 Mergers and Acquisitions
11.3.2 Partnerships
11.3.3 Product Launches
11.3.4 Client Wins
Chapter 12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7h65ku
ResearchAndMarkets.com
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MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) continues to grow its investment in local, large-scale solar in its latest investor newsletter, "Interim Report," which also includes the following topics:
- MGE's Morey Field Solar project serving the grid
- MGE Energy increases dividend for 45th consecutive year
- MGE Connect® tests smart devices to manage the grid
The newsletter is available on MGE Energy's website at: https://www.mgeenergy.com/interimreport
Interim Report is published quarterly to provide investors with information about MGE Energy and its primary subsidiary, Madison Gas and Electric.
About MGE Energy
MGE Energy is an investor-owned public utility holding company headquartered in the state capital of Madison, Wis. It is the parent company of Madison Gas and Electric, which generates and distributes electricity in Dane County, Wis., and purchases and distributes natural gas in seven south-central and western Wisconsin counties. MGE Energy's assets total approximately $2 billion, and its 2019 revenues were approximately $569 million.
Investor relations contact
Ken Frassetto
Director Shareholder Services and Treasury Management
608-252-4723 | This email address is being protected from spambots. You need JavaScript enabled to view it.
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that President & CEO Vincent J. Arnone is scheduled to present at the 22nd Annual H.C. Wainwright Global Investment Conference on Tuesday, September 15, 2020 at 10:00 am EDT. The presentation will be accessible on the "Investor Relations" section of Fuel Tech’s website at www.ftek.com.
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment, and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
Vince Arnone
President and CEO
(630) 845-4500
Devin Sullivan
Senior Vice President
The Equity Group Inc.
(212) 836-9608
NEW YORK--(BUSINESS WIRE)--Tortoise Acquisition Corp. (NYSE: SHLL) (“TortoiseCorp”) today announced that the Special Meeting of Stockholders (the “Special Meeting”) to approve the pending business combination between TortoiseCorp and Hyliion Inc. (“Hyliion”) is scheduled to be held on Monday, September 28, 2020, at 9:30 am Eastern time. The Special Meeting will be completely virtual and conducted via live webcast. Holders of TortoiseCorp’s shares of Class A Common Stock and Class B Common Stock at the close of business on the record date of August 24, 2020 are entitled to notice of the virtual Special Meeting and to vote at the virtual Special Meeting.
TortoiseCorp filed its definitive proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) and began mailing it to stockholders on September 8, 2020. The proxy statement is available on the Investor Information section of TortoiseCorp’s website, as well as www.sec.gov. TortoiseCorp stockholders are encouraged to read the definitive proxy materials, including, among other things, the reasons for TortoiseCorp’s Board of Directors’ unanimous recommendation that stockholders vote “FOR” the business combination and the other stockholder proposals set forth in the proxy materials as well as the background of the process that led to the pending business combination with Hyliion.
TortoiseCorp stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the Special Meeting may contact TortoiseCorp’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 662-5200 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Tortoise Acquisition Corp.
Tortoise Acquisition Corp. (NYSE: SHLL) is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. TortoiseCorp’s expertise spans across the entire energy and infrastructure value chain. Our strategy has been to combine with a company to take advantage of the global opportunities created by the energy transition including clean energy generation and storage, alternative fuels and transportation, technological advances and changes in energy policies.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding TortoiseCorp’s proposed acquisition of Hyliion and TortoiseCorp’s ability to consummate the transaction are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, TortoiseCorp disclaims any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. TortoiseCorp cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of TortoiseCorp. In addition, TortoiseCorp cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TortoiseCorp or Hyliion; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of TortoiseCorp, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts TortoiseCorp’s or Hyliion’s current plans and operations; (v) Hyliion’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Hyliion to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) changes in applicable laws or regulations; and (viii) the possibility that Hyliion may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TortoiseCorp’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. TortoiseCorp's SEC filings are available publicly on the SEC’s website at www.sec.gov.
Investor Contact:
Morrow Sodali LLC
Donna Corso or Ryan Loeveless
(800) 662-5200
(Banks and Brokers call collect at (203) 658-9400)
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DUBLIN--(BUSINESS WIRE)--The "Light Tower Market - By Lighting, By Application, and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
This report analyzes and estimates the light tower market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the light tower market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global light tower market. To understand the competitive landscape in the light tower market, an analysis of Porter's Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global light tower market based on lighting, product, technology, power source, application, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
Deployment of light towers is generally favored at mining, construction, and oil & gas sites to ensure safety while performing operations. Owing to the significantly increasing construction projects across the globe and growing fatality rate at worksites owing to insufficient lighting conditions, the demand for light towers is likely to propel drastically throughout the study timeframe, thereby escalating the global light tower market.
The global light tower market is segmented as:
Global Light Tower Market: By Lighting Segmentation Analysis
Global Light Tower Market: By Product Segmentation Analysis
Global Light Tower Market: By Technology Segmentation Analysis
Global Light Tower Market: By Power Source Segmentation Analysis
Global Light Tower Market: By Application Segmentation Analysis
Global Light tower Market: Regional Segmentation Analysis
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/vdbxzr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, today announced the pricing of a public offering of $500 million of its 3.500% senior notes due 2030. The offering is expected to close on September 21, 2020, subject to customary conditions.
The notes will be general senior unsecured obligations of the Company and will rank equally in right of payment with the Company’s existing and future senior unsecured indebtedness. Interest will be paid semi-annually on April 1 and October 1, beginning April 1, 2021. The Company intends to use the net proceeds from the sale of the notes to finance a cash tender offer (the “Tender Offer”) for any and all of the €500 million outstanding aggregate principal amount of its previously issued 1.250% EUR Senior Notes due 2022 (the “2022 Notes”). To the extent any net proceeds exceed the amount used to repurchase the 2022 Notes in the Tender Offer, the Company intends to use the net proceeds for general corporate purposes.
BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are acting as the joint book-running managers for the offering. Copies of the prospectus supplement and accompanying base prospectus for the offering may be obtained by contacting: BofA Securities, Inc. at 200 North College Street, 3rd Floor, Charlotte, NC 28255, Attn: Prospectus Department, Email: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-800-294-1322; J.P. Morgan Securities LLC at: 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk-3rd Floor or by calling collect at (212) 834-4533; or Wells Fargo Securities, LLC at: 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, Email: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-800-645-3751. An electronic copy of the prospectus supplement and accompanying base prospectus for the offering may also be obtained at www.sec.gov.
The notes were offered and will be sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about the Company can be obtained by visiting the company’s website at www.flowserve.com.
Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
LONDON--(BUSINESS WIRE)--#UnconventionalGasMarket--Technavio has been monitoring the unconventional gas market and it is poised to grow by $ 41.76 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Santos Ltd., Saudi Arabian Oil Co., and YPF SA are some of the major market participants. The abundance of unconventional gas resources will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Unconventional Gas Market 2020-2024: Segmentation
Unconventional Gas Market is segmented as below:
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Unconventional Gas 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 unconventional gas market report covers the following areas:
This study identifies technology development in hydraulic fracturing process as one of the prime reasons driving the unconventional gas 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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Unconventional Gas Market 2020-2024: Key Highlights
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
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