LAS VEGAS--(BUSINESS WIRE)--$AGH #Alisal--Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has partnered with The Alisal Guest Ranch and Resort (“The Alisal”), in Solvang, Calif., to expand the property’s electric vehicle charging capabilities for resort guests and visitors. TurnOnGreen will initiate a multi-phase electric vehicle (“EV”) charger installation plan in December of 2021, starting with the installation of EVP700G level 2 electric vehicle charging stations in the guest parking lot.
The Alisal has consistently ranked as one of the top resorts in the country. The property features 73 rooms, two private championship golf courses, a variety of equestrian activities, six tennis courts, a private lake, and miles of bike trails. Conveniently located between San Francisco and Los Angeles, The Alisal offers a five-star resort experience with an expanding charging infrastructure ideal for EV drivers seeking destination vacations.
“We are excited to be integrated into the Alisal resort and provide their guests and visitors access to simple EV charging solutions that will help promote zero-emission travel to the property,” said Marcus Charuvastra, Chief Revenue Officer for TurnOnGreen. “As we expand our commercial charging programs throughout North America, TurnOnGreen will continue to facilitate the rapid adoption of zero-emission vehicles, helping to create a brighter future for the planet.”
“California is leading the way when it comes to EV sales and infrastructure,” said Amos Kohn, CEO for TurnOnGreen. “With an increasing number of Californians driving EV’s, it’s crucial for businesses of all sizes to offer EV charging solutions for their patrons and employees.”
According to a comprehensive EV market research report by Veloz, in conjunction with the California Energy Commission, California accounts for 44% of all EV’s sold in the United States, with 991,494 Electric Vehicles registered as of November 1, 2021. California has mandated an aggressive zero-emission vehicle strategy, requiring all new passenger cars and trucks sold to be zero-emission vehicles by 2035.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreenev.com.
On November 22, 2021, the Company announced its plan to split into two public companies, BitNile and Ault Alliance. Under the announced plan, TurnOnGreen will become a subsidiary of Ault Alliance.
For more information on Ault Global Holdings and its subsidiaries, the Company recommends that stockholders, investors, and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.AultGlobal.com or available at www.sec.gov.
About Ault Global Holdings, Inc.
Ault Global Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Global Holding’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.
About TurnOnGreen, Inc.
TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.turnongreen.com.
Forward-Looking Statements
This press release contains “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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q, and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.AultGlobal.com.
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Forthcoming facility to serve as U.S. hub for sustainable land-based aquaculture
JONESPORT, Maine--(BUSINESS WIRE)--The Kingfish Company, a pioneer and leader in sustainable land-based aquaculture, has announced that it has concluded the purchase of land for its new facility in Jonesport, Maine. Upon completion, the facility will serve as Kingfish’s first production facility in the U.S. as the company looks to replicate its successful operation in Europe and establish significant local sustainable seafood production for U.S. retailers and food service.
The purchase follows the approval of two final permits from the State of Maine Department of Environmental Protection (MDEP) earlier this month, that enable Kingfish Maine to advance to pre-construction design and engineering on schedule. Both critical water-side permits were obtained earlier during 2021.
"These announcements represent a major milestone in The Kingfish Company's execution of its expansion strategy, and its focus on technology driven local production of high value import dependent seafood in the EU and the US,” said Ohad Maiman, Founder and Chief Executive Officer of The Kingfish Company. "Today, Kingfish Maine is one step closer to achieving fully operational status, and we are ready to build on our proven blueprint, and scale our technology locally to service our network of distributors nationwide."
Kingfish Maine is a wholly-owned subsidiary of The Kingfish Company- the largest Yellowtail Kingfish producer in the EU- and will deploy the same advanced technology and operational excellence proven in the Netherlands to become the largest producer of Yellowtail Kingfish in the US once the Jonesport facility is operational.
In recent months, Kingfish confirmed a U.S. nationwide retail partnership with Whole Foods to sell the company’s yellowtail product at all locations across the country.
You can learn more about The Kingfish Company’s mission to a perfect fish here.
About The Kingfish Company
The Kingfish Company is a pioneer and leader in sustainable land-based aquaculture.
Current annual production capacity at its Kingfish Zeeland facility in the Netherlands is 1,500 tons of high quality and high value Yellowtail Kingfish.
Expansion is underway and capacity in the Netherlands will reach 3,500 tons in the second half of 2022. In the US, permitting, design, and engineering for the company’s approximate 8,500 ton capacity facility is in advanced stages.
Production is based on advanced recirculating aquaculture systems (RAS), which protect biodiversity and ensure bio security. Animal welfare is paramount, and the fish is grown without use of antibiotics and vaccines. Operations run on 100 percent renewable energy, sourced from wind, solar and biogas. The company’s facilities operate on sea water, avoiding wasting of precious fresh water.
The Kingfish Company’s main product at present, the Yellowtail Kingfish (also known as Ricciola/Hiramasa/Greater Amberjack) is a highly versatile premium fish species, well known in the Italian and Asian fusion cuisines.
Its products are certified and approved as sustainable and environmentally friendly by Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP) and British Retail Consortium (BRC). It was the winner of the 2019 Seafood Excellence Award, and it is recommended as green choice by Good Fish Foundation.
Zach Gorin
ICR
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LONDON--(BUSINESS WIRE)--EO Charging, a leading UK-based provider of technology-enabled turnkey solutions for electric vehicle (“EV”) fleets, today announced it will host a Virtual Analyst Day beginning at 10:30 a.m. Eastern Time (3:30 p.m. London time) on Tuesday, December 14, 2021.
The event will provide investors and analysts an opportunity to hear from EO Charging’s senior management and business leaders about its strategy, operations and financial targets. The live broadcast of the Virtual Analyst Day will be available via www.eocharging.com/Investors and a recording will be available shortly after the live presentation.
The Virtual Analyst Day will include presentations from a number of EO’s senior management team, including:
EO Charging previously announced an agreement for a business combination with First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected to result in EO Charging becoming a public company listed on the NASDAQ exchange under the new ticker symbol “EOC”.
About EO
EO Charging (EO) is a leading technology solutions provider in the EV sector. EO deploys EV charging stations, hardware-agnostic cloud-based software, electrical installation, grid upgrades and ongoing service and maintenance for fleets. EO also provides this end-to-end solution for fleets that require mission critical infrastructure.
Founded in 2014, EO’s technology is used by a number of the world’s largest businesses and fleet operators and it now distributes to over 35 countries around the world. It aims to become the global leader in charging electric van, truck, bus and car fleets.
EO was ranked number 27 on the Financial Times’ FT1000 list of Europe’s fastest-growing companies. To learn more, please visit www.EOcharging.com and follow us @EOCharging on Twitter and LinkedIn.
Forward Looking Statements
The information in this press release includes "forward-looking statements". All statements, other than statements of present or historical fact included in this press release, regarding the proposed business combination between First Reserve Sustainable Growth Corp. (“FRSG”), Juuce Limited (the “Company”) and EO Charging (“EO”), each of such parties’ ability to consummate the transaction, the benefits of the transaction and the combined company's future financial performance, as well as the combined company's strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management 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, FRSG, the Company and EO disclaim 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. FRSG, the Company and EO caution 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 any of FRSG, the Company or EO. In addition, FRSG, the Company and EO caution 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 Business Combination Agreement and Plan of Reorganization, dated as of August 12, 2021, by and among FRSG, FRSG Merger Sub Inc., EO and the Company, and the other agreements related to the business combination (including catastrophic events, acts of terrorism, the outbreak of war, COVID-19 and other public health events), as well as management’s response to any of the foregoing; (ii) the outcome of any legal proceedings that may be instituted against FRSG, the Company, EO, their affiliates or their respective directors and officers following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of FRSG, regulatory approvals, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts FRSG's or the Company's current plans and operations as a result of the announcement of the transactions; (v) the Company's and EO’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the pace and depth of EV adoption generally, and the ability of the Company to accurately estimate supply and demand for its EV charging products and services, and to grow and manage growth profitably following the business combination; (vi) risks relating to the uncertainty of the projected financial information with respect to the Company, including the conversion of pre-orders into binding orders; (vii) costs related to the business combination; (viii) changes in applicable laws or regulations, governmental incentives and fuel and energy prices; (ix) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (x) the amount of redemption requests by FRSG’s public stockholders; and (xi) such other factors affecting FRSG that are detailed from time to time in FRSG’s filings with the Securities and Exchange Commission (the "SEC"). 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 differ 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 FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and its periodic filings with the SEC, including its Quarterly Report on Form 10-Q for quarterly period ended June 30, 2021. FRSG's SEC filings are available publicly on the SEC's website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, a registration statement on Form F-4 that includes a preliminary proxy statement/prospectus has been filed by EO with the SEC. After the registration statement is declared effective, the definitive proxy statement will be distributed to FRSG’s stockholders in connection with FRSG’s solicitation for proxies for the vote by FRSG’s stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a definitive prospectus of EO relating to the offer of the securities to be issued in connection with the completion of the business combination. Copies of the Form F-4 may be obtained free of charge at the SEC's website at www.sec.gov. FRSG’s stockholders are urged to read the preliminary proxy statement/prospectus and the other relevant materials (including, when available, the definitive proxy statement/prospectus) when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FRSG, EO or Juuce, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, as amended, or exemptions therefrom.
Participants in the Solicitation
FRSG, the Company and EO and their respective directors and officers may be deemed participants in the solicitation of proxies of FRSG's stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of FRSG's executive officers and directors in the solicitation by reading FRSG's final prospectus for its initial public offering, which was filed with the SEC on March 5, 2021, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of FRSG's, the Company’s and EO’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.
EO Contacts:
SEC Newgate UK
Ian Morris / Sophie Morello / Jessica Hodson Walker / Tim Le Couilliard
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For Investors:
ICR, Inc.
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For US Media:
ICR, Inc.
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Integrates Industry Leading Transportation Management System (TMS) with Multimodal Brokerage, Managed Transportation and Parcel Solutions to Deliver Unparalleled Visibility and Control Throughout Supply Chain
ATLANTA--(BUSINESS WIRE)--#Brokerage--Transportation Insight Holding Company ("TI Holdco" or "the Company"), a leading provider of non-asset, tech-enabled logistics and freight brokerage solutions in North America, today announced the acquisition of SwanLeap, Inc., a pioneering transportation management software company. The acquisition adds SwanLeap’s proprietary, multimodal TMS and powerful analytics to TI Holdco’s end-to-end logistics services, creating a comprehensive multimodal transportation management platform.
Together with the recently announced acquisition of Platinum Circle Group, the integration of SwanLeap’s technology and talent will allow TI Holdco to accelerate its transformation of the logistics industry by giving shippers unparalleled visibility and control throughout the supply chain.
“Beginning with the 2018 merger of Transportation Insight and Nolan Transportation Group, we have been on a mission to bring together the most innovative thinkers with the most powerful technologies and data to empower the largest network of people to create a new future of logistics,” said Ken Beyer, CEO, TI Holdco. “With the acquisition of SwanLeap, we are integrating industry-leading, multimodal TMS software with our existing proprietary technology and network of over 10,000 shippers and 50,000 carriers to create the world’s largest one-touch transportation management platform. By combining this groundbreaking technology with our nationwide network of thousands of employees with deep domain expertise in all aspects of the supply chain, we are creating the ultimate hybrid-digital solution. This brings us several steps closer to implementing our vision for a true end-to-end ecosystem for the entire supply chain.”
Founded in 2013, SwanLeap has developed breakthrough technology to help shippers identify cost saving opportunities and streamline every step of the transportation process from sourcing to last-mile delivery. Leveraging a combination of real-time data and powerful analytics, SwanLeap’s proprietary, multimodal TMS has emerged as a critical tool to help shippers make better financial decisions and improve supply chain operations. SwanLeap rapidly established a reputation as a leader in technology for the transportation industry and reached the top spot on the Inc. 5000 list of fastest-growing private companies after just five years in operation.
By integrating SwanLeap’s scalable, cloud-based TMS with its existing products and services, TI Holdco will provide execution and visibility across all modes from the first mile to the last mile from a single, fully connected platform. This multimodal transportation execution control, increased visibility and connectivity will support robust predictive analytics, detailed reporting and seamless workflow integration in a highly configurable, scalable SaaS platform that can be tailored to the specific needs of TI Holdco customers.
“This acquisition accelerates our existing technology development pipeline by two-to-three years,” said Brian Work, Chief Technology Officer, TI Holdco. “SwanLeap has built an incredibly robust TMS architecture that will serve as a powerful foundation for future technology development across all our businesses. Together, we will make it possible for shippers to take control of their supply chains in real-time, using data, analytics and seamless platform integration to react faster to immediate supply chain challenges and interruptions and look ahead to make strategic decisions that will have a massive impact on their bottom lines.”
TI Holdco is a portfolio company of Gryphon Investors, a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management.
About Transportation Insight HoldCo
Transportation Insight HoldCo serves customers through logistics provider Transportation Insight, LLC, and freight brokerage Nolan Transportation Group. Together, these companies help shippers and carriers engineer efficient supply chain networks. Combined, the $4.3 billion TI Holdco organization serves more than 10,000 clients and over 50,000 carriers with logistics management services that include domestic transportation (TL, LTL, Parcel), e-commerce solutions, supply chain analytics, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing.
Ryan Rogers, TI Holding Company, 770-373-0480, This email address is being protected from spambots. You need JavaScript enabled to view it.
Abrams and Newhouse bring extensive talent, expertise and relationships to advance Heliogen’s mission of replacing fossil fuels with concentrated sunlight
PASADENA, Calif.--(BUSINESS WIRE)--#ArtificialIntelligence--Heliogen, Inc. (“Heliogen”), a leading provider of AI-enabled concentrated solar power, today announced that Stacey Abrams and Phyllis Newhouse have been nominated to join Heliogen’s Board of Directors upon closing of the company’s business combination with Athena Technology Acquisition Corp. (NYSE: ATHN).
“We are incredibly fortunate to have Stacey and Phyllis join Heliogen’s post-combination Board,” said Bill Gross, Founder and Chief Executive Officer of Heliogen. “Both Stacey and Phyllis are trailblazers and thought leaders in their respective fields, with talent, expertise and relationships that will greatly benefit Heliogen as we transition to a public company and scale our technology globally. Through our collaboration with Athena, Phyllis has already delivered extensive value to Heliogen, and Stacey is one of our country’s most dynamic and inspiring public figures, who has consistently championed the protection of our environment while advocating for policies that address climate change and drive economic development. We are forming a world-class Board of Directors to partner with our outstanding executive leadership team, and the additions of Stacey and Phyllis will be invaluable to advance Heliogen’s mission of replacing fossil fuels with concentrated sunlight.”
Stacey Abrams serves as the chief executive officer of Sage Works Production, Inc. In addition, Ms. Abrams has served as the founder and executive director of Southern Economic Advancement Project since 2019. From 2007 to 2017, Ms. Abrams served as a State Representative of the Georgia General Assembly and as the minority leader from 2011 to 2017. She has been the chief executive officer of Sage Works, LLC since September 2002. She previously served as the chief executive officer of the Third Sector Development from August 1998 until March 2019, and as Senior Vice President of NOWaccount Network Corporation from 2010 to 2016. Ms. Abrams received a B.A. in Interdisciplinary Studies from Spelman College, a Master of Public Affairs from the University of Texas Lyndon B. Johnson School of Public Affairs, and a J.D. from Yale University.
"Climate change is one of the greatest challenges of the 21st century,” said Abrams. “To respond, we must develop and scale innovative solutions that decarbonize our planet while creating economic opportunity and prosperity for all. Technologies like those pioneered by Heliogen offer a dynamic answer, and I am proud to join Bill, Phyllis and the talented Heliogen team on its mission to empower a sustainable civilization with low-cost solar energy that makes clean power more affordable and accessible.”
Phyllis Newhouse is an entrepreneur; retired military senior non-commissioned officer; mentor, founder and CEO of Atlanta-based cybersecurity firm XtremeSolutions; and a founder, CEO and Director of Athena Technology Acquisition Corp. While serving in the US Army on various assignments, Ms. Newhouse focused on national security and worked on several projects that outlined the Cyber Espionage Task Force. In 2002, she founded XtremeSolutions, which offers a wide range of IT expertise and provides industry-leading information technology and cybersecurity services and solutions. The company has employees in 42 states and 40% of its workforce is made up of veterans.
In 2019, Ms. Newhouse co-founded ShoulderUp, a nonprofit dedicated to connecting and supporting women in their entrepreneurial journeys. She currently serves on the boards of the Technology Association of Georgia and Sabre Corporation and is a member of the Business Executives for National Security. She also serves on the executive board and is a member of the Women Presidents’ Organization and serves on the board of Girls Inc. Ms. Newhouse holds a B.A. in Liberal Arts Science from Saint Leo College and is a graduate of the Institute of Entrepreneurial Leadership program sponsored by John F. Kennedy University.
“I am honored to join the Heliogen board of directors to help the company fulfill its mission of creating a more sustainable future,” said Newhouse. “The company is pioneering the cost-effective delivery of renewable energy using innovative AI technology and I’m proud to leverage my experience and expertise in support of Heliogen’s vision. I very much look forward to working alongside Bill and his team as we work toward the day when cleaner power sources completely replace the need for fossil fuels.”
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.
On July 6, 2021, Heliogen entered into a definitive business combination agreement with Athena Technology Acquisition Corp. (NYSE: ATHN). Upon the closing of the business combination, Heliogen will become publicly traded on the New York Stock Exchange under the new ticker symbol "HLGN". Additional information about the transaction can be viewed here: heliogen.com/investor-center/.
Additional Information and Where to Find It
In connection with the proposed business combination, Athena Technology Acquisition Corp. (“Athena”) has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus which has not yet become effective. After the registration statement is declared effective, Athena will mail a definitive proxy statement/prospectus relating to the proposed business combination to its stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Additional information about the proposed business combination and related transactions will be described in Athena’s combined proxy statement/prospectus relating to the proposed business combination and the businesses of Athena and Heliogen, Inc. (“Heliogen”), which Athena has filed with the SEC. The proposed business combination and related transactions will be submitted to stockholders of Athena for their consideration. Athena’s stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus, when available, and other documents filed in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve, among other things, the proposed business combination and related transactions, because these materials will contain important information about Heliogen, Athena and the proposed business combination and related transactions. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Athena as of a record date to be established for voting on the proposed business combination and related transactions. Stockholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC by Athena, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Phyllis Newhouse, President and Chief Executive Officer, Athena Technology Acquisition Corp., 125 Townpark Drive, Suite 300, Kennesaw, GA 30144, or by telephone at (970) 924-0446.
Participants in the Solicitation
Athena, Heliogen and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Athena’s stockholders in respect of the proposed business combination and related transactions. Information regarding Athena’s directors and executive officers is available in its Registration Statement on Form S-1 and the prospectus included therein filed with the SEC on March 3, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the preliminary and definitive proxy statements/prospectus related to the proposed business combination and related transactions when it becomes available, and which can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Heliogen Media Contact:
Leo Traub, Antenna Group
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+ 1 (646) 883 3562
Heliogen Investor Contact:
Caldwell Bailey, ICR Inc.
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KILGORE, Texas--(BUSINESS WIRE)--Martin Resource Management Corporation (“MRMC”), which through its wholly owned subsidiary owns a 51% voting interest (50% economic interest) in MMGP Holdings LLC (“Holdings”), the sole owner of Martin Midstream GP LLC (the “General Partner”), which is the general partner of Martin Midstream Partners L.P. (Nasdaq: MMLP) (“MMLP”), announced today that Senterfitt Holdings Inc. (“Senterfitt”) indirectly acquired the 49% voting interest (50% economic interest) in Holdings owned by certain affiliated investment funds managed by Alinda Capital Partners (“Alinda”) by purchasing certain entities from Alinda. Senterfitt is a privately held investment entity owned by Ruben S. Martin, III, President and Chief Executive Officer of MRMC.
“I am pleased to have the opportunity to simplify the structure of the General Partner and to consolidate control back under the Martin umbrella,” said Mr. Martin, “and in doing so show my personal commitment and support to MMLP and its management team.”
As part of the announced transaction, Martin Resource LLC (“MRLLC”), a wholly-owned subsidiary of MRMC, has entered into call option agreements (the “Agreements”) with the Senterfitt subsidiaries, which own the membership interest in Holdings. Subject to certain conditions, MRLLC will have the right, but not the obligation, to purchase all of the membership interests of Holdings owned by such subsidiaries for a period of ten years.
At closing, the General Partner amended and restated its limited liability company agreement to revise corporate governance procedures and eliminate Alinda's preferential right with respect to the board appointment process, which had expanded the Board of Directors of the General Partner (the “Board”) to seven members and provided Alinda with the preferential right to appoint three members. The elimination of the preferential right results in the reduction of the Board to five members, at least three of which are required to be independent in accordance with SEC and NASDAQ requirements. Upon closing, Holdings reappointed Ruben S. Martin, III, Robert D. Bondurant, Byron Kelley, C. Scott Massey and James Collingsworth (a former Alinda appointee) to serve on the Board.
In addition to its interest in Holdings, MRMC, through various wholly-owned subsidiaries, is one of the largest unit holders of MMLP owning approximately 6.1 million common limited partnership units of MMLP.
About Martin Resource Management Corporation
MRMC through its various subsidiaries is an independent provider of marketing and distribution services for fuel oil, asphalt, diesel fuel and high-quality naphthenic lubricants. The privately-held company is based in Kilgore, Texas and was founded in 1951 by R.S. and Margaret Martin. MRMC holds a 51% voting interest (50% economic interest) in Holdings, the sole member of the General Partner of MMLP.
About Senterfitt Holdings Inc.
Senterfitt is wholly-owned by Ruben S. Martin, III, President and Chief Executive Officer of MRMC, and holds various personal investments on Ruben S. Martin's behalf, including through its subsidiaries the 49% voting interest (50% economic interest) in Holdings, the sole member of the General Partner of MMLP.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-F
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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Dragos CEO Robert M. Lee to present keynote at @Hack, region’s largest cyber event
RIYADH, Saudi Arabia--(BUSINESS WIRE)--Dragos, Inc., the global leader in cybersecurity for industrial control systems (ICS)/operational technology (OT) environments, today announced further expansion in the Kingdom of Saudi Arabia, where Dragos has its regional headquarters at the Saudi Information Technology Company (SITE) in Riyadh, in alignment with accelerated growth in the country.
The expansion supports priorities set by Saudi Arabia’s 2020 budget allocation of SAR102 billion ($27.2 billion) for security and regional administration including cybersecurity, as well as the Kingdom of Saudi Arabia Vision 2030 pillar on National Industrial Development and Logistics. Such initiatives are driving digital transformation and increased connectivity in critical systems including oil and gas, chemical, mining, industrial, logistics, and water. Dragos protects these organizations by providing specialized ICS/OT monitoring, threat detection, and response technology and services.
Growth in the KSA is central to Dragos’s expansion in the Gulf Cooperation Council (GCC), and will allow Dragos to give more organizations direct access to its industrial cybersecurity technology and services so they can respond more quickly to threats, while also developing and training ICS/OT cybersecurity talent to ensure worldwide customer success.
The company’s expansion will bolster its local presence and support a growing roster of customers in KSA. Through the expansion, Dragos will continue to grow its worldwide operations to address the burgeoning global market for ICS/OT cybersecurity solutions and meet the cybersecurity needs of critical infrastructure organizations in all regions and of any size or complexity.
With Dragos, companies in the KSA can maintain comprehensive asset visibility, assess OT-specific threats and vulnerabilities, and respond to threats based on the latest threat intelligence. Their use of Dragos allows them to minimise risk to plant operations and improve security, while also meeting regulatory compliance requirements.
“Like organizations worldwide, companies in this region hold security and availability as top priority and seek a security partner that understands the unique challenges industrial environments present, while also having a strong understanding of the threats impacting operational technology,” said Bruce Niven, Chief Investment Officer, Aramco Ventures. “Dragos is that partner and as a testament to our trust in them, we have invested in the company. We are pleased that Dragos continues to expand its footprint to enable more organizations in the region to secure the critical infrastructure that serves our communities and contributes to the global economy.”
Due to its geopolitical prominence and prosperity, KSA is targeted by the full range of methods including ransomware, the preeminent threat to IT and OT environments in the region. The good news is that the KSA has made extraordinary advances in cybersecurity, with a global achievement ranking of 2 out of 193 countries in the world, according to the 2021 Global Cybersecurity Index, issued by the United Nations’s International Telecommunication Union. This represents an increase by 11 ranks since 2018, and by more than 40 ranks since the launch of Vision 2030, when it was ranked 46 globally in 2017. The KSA’s cybersecurity market is expected to grow at a compounded annual growth rate (CAGR) of 16.59 percent between 2018 and 2023, representing the largest market in the Middle East according to a MarketsandMarkets report in June 2020.
Coinciding with Dragos’s expansion announcement in KSA, CEO Robert M. Lee will present a keynote at @Hack, the region’s largest cybersecurity event in Riyadh, attracting 14,000 visitors. He will join other leaders in the session, Cyber Enabled Journey: Successful Digital Transformation Recipe, on Monday, Nov. 29, to discuss the role of cybersecurity as an enabler in industrial digital transformation.
About Dragos, Inc.
Dragos has a global mission: to safeguard civilization from those trying to disrupt the industrial infrastructure we depend on every day. The practitioners who founded Dragos were drawn to this mission through decades of government and private sector experience.
Dragos codifies the knowledge of our cybersecurity experts into an integrated software platform that provides customers critical visibility into ICS and OT networks so that threats are identified and can be addressed before they become significant events. Our solutions protect organizations across a range of industries, including power and water utilities, energy, and manufacturing, and are optimized for emerging applications like the Industrial Internet of Things (IIOT).
Dragos is privately held and headquartered in the Baltimore-Washington, DC area with regional presence around the world, including Canada, Australia, New Zealand, Europe, and the Middle East.
Lucy Harvey
Account Director
Eskenzi PR
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New capital will further accelerate both parties’ geographic expansion and expand iSun’s pipeline for continued growth.
WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services and a provider of proprietary electric vehicle charging platforms, today announced it has reached a definitive agreement to make a strategic minority interest equity investment in Encore Renewable Energy, a leading innovator in community-scale clean energy and Top 20 US commercial solar developer.
HIGHLIGHTS:
iSun’s investment aligns with its previously stated growth objectives. First announced in late 2019, iSun’s growth strategy highlighted the specific steps the Company would take to accelerate the nation’s transition to solar energy across all sectors. The investment compliments two of the strategy's key pillars - organic growth organic regional growth by expanding relationships with existing Industrial and Utility customers, and investment in companies capable of increasing project pipeline opportunities.
“This partnership reflects the progress we’ve steadily been making against our three-pronged strategy for growth,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “By deepening our long-standing relationship with Encore Renewable Energy, we will gain invaluable insights into new geographic markets which we can use to further advance our C&I strategy. Equally important: we will be strengthening a long-term relationship with a partner whose values and commitment to innovation mirrors ours. Encore’s experience in reclaiming undervalued real estate for clean energy generation and storage, and revitalizing communities with the deployment of agrivoltaic solutions illustrates their understanding of the challenges often associated with getting buy-in for community-scale clean energy development projects, and ultimately reduces barriers for solar adoption. As a Certified B Corporation and a values driven organization, Encore is a leader in creating a new industry standard. We’re proud to have them as a partner.”
"This new infusion of capital from iSun will allow us to more than double our project development pipeline over the next 12 months," offered Chad Farrell, CEO and Founder of Encore Renewable Energy. "Deploying additional community-scale solar and solar + storage solutions across the Northeast and other strategic markets supports our ongoing work to accelerate the transition to a robust clean energy economy powered by low cost, carbon free renewable resources."
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
About Encore Renewable Energy
Encore Renewable Energy is a Burlington, Vermont-based leader in commercial renewable energy with a proven track record in solar development from concept to completion. Founded in 2007 as Encore Redevelopment, their team specializes in the design, development, financing, permitting, and construction of solar and energy storage projects on landfills, brownfields, rooftops and carports. As a values-led company, Encore is committed to revitalizing communities and creating a cleaner, brighter future for all. For more information about Encore, please visit encorerenewableenergy.com. Stay connected via Twitter and LinkedIn.
Forward Looking Statements
This press 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, effective tax rate, 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 press 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 risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR Contact:
Tyler Barnes
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802-289-8141
– All New and Existing VA3 Customers Can Claim 100% Renewable Power –
– Provides Customers the Ability to Support Local Renewable Energy Sources –
DENVER--(BUSINESS WIRE)--CoreSite Realty Corporation (NYSE:COR) (the “Company”), a premier provider of secure, reliable, high-uptime data center campuses with high-performance cloud and interconnection solutions across the U.S., today announced its VA3 data center is powered by 100% renewable energy through Dominion Energy’s 100% Renewable Energy ProgramSM. CoreSite’s VA3 data center is its newest purpose-built, enterprise class facility on its Northern Virginia campus, and together with VA1 and VA2 currently comprise our Reston data center campus.
Providing Customers with the Ability to Support Local Renewable Energy Sources
The new voluntary energy program enables CoreSite to provide customers with the ability to support continued development of local renewable energy sources and ensure a diverse fuel mix in the Northern Virginia market. The portfolio for Dominion Energy’s 100% Renewable Energy ProgramSM currently includes locally sourced solar, hydroelectric, and biomass energy. All of CoreSite’s new and existing customers deployed at its VA3 data center can claim 100% renewable power.
“CoreSite is committed to seeking out the least carbon-intensive energy sources wherever feasible, which in turn supports its customers’ economic goals,” said Paul Szurek, CoreSite’s President and Chief Executive Officer. “We are excited to support the development of local renewable energy sources in the Northern Virginia market and to take this additional step in CoreSite’s sustainability journey by achieving 100% renewable power at our VA3 data center.”
CoreSite’s Northern Virginia data center campus, comprised of three operating data centers (VA1, VA2, and VA3) and scalable to provide over 100 megawatts of capacity at full buildout, provides direct, low-latency access to all major cloud service providers, which are natively deployed within its Reston data center campus. The interconnected campus provides access to the cloud, network, and managed service providers needed to build and deploy a holistic hybrid and multi-cloud solution in a secure, dense, and scalable environment. Enterprises and government agencies, including those system integrators that support the government agencies, also often rely on their strategic vendors, such as CoreSite, to address their sustainability and renewable energy goals.
Other Highlights
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure, high-uptime data center campuses with high-performance cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,370 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 480+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite’s control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of the Company’s data centers in certain markets and any adverse developments in local economic conditions or the level of supply of or demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition, including indirect competition from cloud service providers; failure to obtain necessary outside financing; the ability to service existing debt; the failure to qualify or maintain its status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; the effects on our business operations, demand for our services and general economic conditions resulting from the spread of the Novel Coronavirus (“COVID-19”) in our markets, as well as orders, directives and legislative action by local, state and federal governments in response to such spread of COVID-19; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in its most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.
CoreSite Contacts
Brouk Eshetu
Assistant General Manager – Northern Virginia
818-331-8818
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Megan Ruszkowski
Vice President of Marketing
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Windstream Wholesale brings its award-winning waves to NTT’s CA3 wholesale data center
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream Wholesale, a leading provider of fast and flexible solutions, continues to expand and announced today that it is providing its advanced optical solutions from the NTT’s data center campus (formerly Raging Wire) in Sacramento as part of its new Sacramento-to-Portland route.
“With our new presence in Sacramento, Windstream Wholesale continues our ‘fast and flexible’ network expansion, which is designed to meet our customers’ burgeoning demand for diverse, high-capacity access to key data center ecosystems,” said Joe Scattareggia, executive vice president of Windstream Wholesale.
From Sacramento, Windstream’s network extends north to Portland, Hillsboro and Seattle, leveraging the company’s new Intelligent Converged Optical Network; west to Palo Alto and San Jose, and east to Reno and Salt Lake City.
The CA3 wholesale data center facility brings the latest in data center innovation and customer experience to the Sacramento area. CA3, located at 1625 W. National Drive, is ideal for enterprise and internet companies looking for a large data center footprint with turn-key or build-to-suit data center infrastructure.
In addition, CA3 provides 100% renewable energy and direct connectivity to customers collocated at CA1 and CA2, located at 1200 Striker Ave. This Striker data center location is also the largest DC in California—with the lowest-cost power.
The three data centers have approximately 50 tenants, including international and domestic carriers, cable providers and enterprise-scale businesses.
Windstream’s Intelligent Converged Optical Network (ICON) provides open and disaggregated networking infrastructure, enabling wholesale and enterprise technology customers to select unique custom routes, maintain operational insights with Windstream’s Network Intelligence functions, and place their networks closer to the edge to better serve end-users.
About Windstream
Windstream Holdings is a privately held Fortune® 1000 communications and software company. Windstream Wholesale is an innovative optical technology leader that creates deep partnerships with carriers, content and media providers, and federal government agencies to deliver fast and flexible, customized wave and transport solutions. Additional information is available at windstream.com or windstreamwholesale.com. Follow us on Twitter at @Windstream.
From Fortune. ©2021 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 1000 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune is not affiliated with, and does not endorse products or services of, Windstream.
Windstream Contact
Scott Morris, 501-748-5342
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ATLANTA--(BUSINESS WIRE)--Williams Industrial Services Group Inc. (NYSE American: WLMS), an infrastructure and maintenance services company, today announced that it will participate in the Sidoti Virtual MicroCap Conference on December 8, 2021. For this event, one-on-one investor calls will be scheduled throughout the day, and a general presentation, to be webcast, will take place at 11:30 a.m. Eastern Time.
Additional information will be posted on the Company’s website when available, including a copy of the presentation material. Institutional investors are welcome to contact Sidoti to arrange one-on-one calls with management.
About Williams Industrial Services Group
Williams Industrial Services Group Inc. has been safely helping plant owners and operators enhance asset value for more than 50 years. The Company provides a broad range of building, maintenance and support services to infrastructure customers in the energy, power and industrial end markets. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers. Additional information can be found at www.wisgrp.com.
Investor Contact:
Chris Witty
Darrow Associates
646-345-0998
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Universal Insurance Holdings (NYSE: UVE) (the “Company”) today announced today that they recently joined the U.S. Environmental Protection Agency’s Green Power Partnership. Universal Insurance Holdings, Inc. is using 652,000 kilowatt-hours (kWh) of green power annually, which is enough green power to meet 25 percent of the organization's electricity use. By choosing green power, Universal Insurance Holdings, Inc. is helping advance the voluntary market for green power and development of those sources.
“This is a great honor, and we are proud to be recognized by the U.S. Environmental Protection Agency,” said Stephen Donaghy, Chief Executive Officer. “Using green power helps our organization reduce air pollution and lower our emissions footprint, while also sending a message to others across the country that green power is an affordable, accessible choice.”
By moving the needle in the voluntary green power market, Universal Insurance Holdings, Inc. and other Green Power Partners are helping to reduce the negative health impacts of air emissions including those related to ozone, fine particles, acid rain, and regional haze.
"EPA applauds Universal Insurance Holdings, Inc. for its leadership position in the green power marketplace," said James Critchfield, Program Manager of EPA's Green Power Partnership. "Universal Insurance Holdings, Inc. is an excellent example for other organizations in reducing greenhouse gas emissions through green power investment and use."
According to the U.S. EPA, Universal Insurance Holdings, Inc.’s green power use is equivalent to 1,161,251 miles driven by an average passenger vehicle or 510,708 pounds of coal burned.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings (UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 19 states (primarily Florida). Learn more at UniversalInsuranceHoldings.com.
About EPA’s Green Power Partnership
The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. In 2020, the Partnership had more than 700 Partners voluntarily using nearly 70 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.
Investor Relations Contact:
Rob Luther, 954-892-6487
VP, Corporate Development, Strategy & IR
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Media Relations Contact:
Andy Brimmer / Mahmoud Siddig, 212-355-4449
Joele Frank, Wilkinson Brimmer Katcher
DUBLIN--(BUSINESS WIRE)--The "Smart Meter Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global smart meter market to grow with a CAGR of 6.9% over the forecast period from 2021-2027.
The report on the global smart meter market provides qualitative and quantitative analysis for the period from 2019 to 2027. The study on smart meter market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.
The report on smart meter market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global smart meter market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global smart meter market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
2) Restraints
3) Opportunities
Company Profiles
Key Topics Covered:
1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. Smart Meter Market Highlights
2.2. Smart Meter Market Projection
2.3. Smart Meter Market Regional Highlights
3. Global Smart Meter Market Overview
3.1. Introduction
3.2. Market Dynamics
3.3. Analysis of COVID-19 impact on the Smart Meter Market
3.4. Porter's Five Forces Analysis
3.5. Growth Matrix Analysis
3.6. Value Chain Analysis of Smart Meter Market
4. Smart Meter Market Macro Indicator Analysis
5. Global Smart Meter Market by Type
5.1. Smart Electricity Meter
5.2. Smart Gas Meter
5.3. Smart Water Meter
6. Global Smart Meter Market by Technology
6.1. Automatic Meter Reading (AMR)
6.2. Advanced Metering Infrastructure (AMI)
7. Global Smart Meter Market by Application
7.1. Residential
7.2. Commercial
7.3. Industrial
8. Global Smart Meter Market by Region 2021-2027
8.1. North America
8.1.1. North America Smart Meter Market by Type
8.1.2. North America Smart Meter Market by Technology
8.1.3. North America Smart Meter Market by Application
8.1.4. North America Smart Meter Market by Country
8.2. Europe
8.3. Asia-Pacific
8.4. RoW
9. Company Profiles and Competitive Landscape
9.1. Competitive Landscape in the Global Smart Meter Market
9.2. Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/vcw8jh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP” or the “Partnership”) announced today the execution of an amended limited partnership agreement that permanently eliminates the incentive distribution rights (“IDRs”) of its general partner, Martin Midstream GP LLC (the “General Partner”). The elimination of the IDRs, which does not require further consents, is effective immediately.
Bob Bondurant, President and Chief Executive Officer of MMGP said, “I was pleased with the announcement earlier today concerning the consolidation of control of the General Partner under Martin Resource Management Corporation (“MRMC”) and Senterfitt Holdings Inc. ("Senterfitt"), which was fundamental for the approval of the amendment to the limited partnership agreement."
“The elimination of the IDRs removes the financial complexity in the Partnership’s structure and directly aligns MMLP, MRMC and the General Partner with the holders of our common units. I believe this transaction, although not immediately accretive, will provide value over the long-term to our unitholders and enhance the attractiveness of our common equity units.”
About Martin Resource Management Corporation
MRMC through its various subsidiaries is an independent provider of marketing and distribution services for fuel oil, asphalt, diesel fuel and high-quality naphthenic lubricants. The privately-held company is based in Kilgore, Texas and was founded in 1951 by R.S. and Margaret Martin. MRMC holds a 51% voting interest (50% economic interest) in Holdings, the sole member of the General Partner of MMLP.
About Senterfitt Holdings Inc.
Senterfitt is wholly-owned by Ruben S. Martin, III, President and Chief Executive Officer of MRMC, and holds various personal investments on Ruben S. Martin's behalf, including through its subsidiaries the 49% voting interest (50% economic interest) in Holdings, the sole member of the General Partner of MMLP.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-F
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a total of over one million futures contracts have traded on ICE Futures Abu Dhabi (IFAD) since the exchange launched on March 29, 2021, equivalent to one billion barrels of Murban crude oil.
Of this, 1,032,805 Murban Crude Oil futures contracts and 18,059 cash settled derivatives have traded. Total volume traded on IFAD since launch is 1,050,864 contracts.
“Murban futures are adding to price discovery in Asia and thus enhancing the functioning of both regional and international markets. Moreover, the physical delivery mechanism has worked smoothly over the first 7 months since launch and open interest continues to grow. Given this encouraging start, we are confident that the IFAD Murban futures contract will make many more headlines as it continues to grow in importance,” said Mike Muller, Head of Vitol Asia.
“As a shareholder and active participant, we are proud of having contributed to this major milestone for IFAD, which helps create more transparent Asian markets. The liquidity that IFAD is providing to the market is greatly appreciated and thanks to Murban’s sustainable production, wide customer base and excellent logistical capabilities, we are confident that further success is ahead,” said Thomas Waymel, President, TOTSA TotalEnergies Trading SA.
“As a new exchange in the Middle East, the successful running of IFAD undoubtedly marked a significant breakthrough in the regional oil benchmark innovation. It reflects the UAE’s potential to build up an international energy hub and lays a solid foundation for the UAE to become an emerging energy trading centre in the Middle East and even in the world,” said the manager of PetroChina International Middle East.
“For IFAD to hit the milestone of one million contracts in such a short space of time is impressive and clearly demonstrates growing client demand for the Murban Crude futures contract, across the spectrum of commercial and financial participants. We are delighted to be actively trading Murban futures and helping to build the market through growing liquidity on the exchange”, said Lee Hodgkinson, CEO, OSTC.
“We are delighted and honored to witness the cumulative volume of Murban crude traded on IFAD hitting the one billion barrel milestone at this early stage,” said Takayuki Ueda, President & CEO, INPEX Corporation. “Through IFAD, we continue to be committed to contributing to the development of the futures market exchange while working more closely with ICE, ADNOC and our partners to further improve the market for Murban crude.”
Alongside ICE Murban Crude Oil Futures, IFAD hosts Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil.
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About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351
ICE Investor Contact:
Mary Caroline O’Neal
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(770) 738-2151
DUBLIN--(BUSINESS WIRE)--The "Global Industrial Mixers Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This study analyzes the global industrial mixers market and its short, medium, and long-term growth prospects over the next five years.
The COVID-19 pandemic has created unforeseen circumstances for businesses globally, affecting manufacturing sector growth. However, the pandemic has also increased sanitary standards, with mixers vital in maintaining these standards. Mixers that consume less power and have smart mixing capabilities and programmable logic controllers (PLCs) drive market growth.
Importantly, this research offers three lucrative growth opportunities for industrial mixer OEMs to consider in the global market. The publisher identifies these growth opportunities as critical enablers that unlock new revenue streams and deliver differentiated mixer products and services.
Research Scope
The report includes the following vertical markets in this study:
We also provide detailed market analysis by product segment-agitators:
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Analysis, North America
4. Growth Opportunity Analysis, Latin America
5. Growth Opportunity Analysis, Middle East and Africa
6. Growth Opportunity Analysis, Europe
7. Growth Opportunity Analysis, Asia-Pacific
8. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/vja0hx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that Chief Executive Officer Jonathan Pertchik, and Chief Financial Officer and Treasurer Peter Crage will be presenting at the Stephens Investment Conference 2021 in Nashville, TN on Wednesday, December 1, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
The presentation will be webcast live and can be accessed through the investor relations page at www.ta-petro.com. For those unable to listen to the live broadcast, an audio replay will be available for 60 days following the presentation on the Company’s investor relations page at www.ta-petro.com.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 275 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Warning Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon TA’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond TA’s control. For example, the Company’s presentation may be rescheduled to a different date or time or cancelled due to scheduling conflicts or other reasons. Investors are cautioned not to place undue reliance upon any forward-looking statements. Except as required by law, TA does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
Kristin Brown, Director, Investor Relations
(617) 796-8251
SAN FRANCISCO--(BUSINESS WIRE)--kWh Analytics, the market leader in Insurance for the Energy Transition, launched the first-of-its-kind Solar Generation Advance today. The Solar Generation Advance allows solar asset owners to receive upfront “bonus” payments in return for maintaining asset performance. The innovative new offering was developed in partnership with Excelsior Energy Capital.
kWh Analytics has structured the Solar Revenue Put on $3 billion projects, enhancing project economics and protecting against downside risk for both sponsors and lenders since 2017. As the market leader in insurance, kWh Analytics continues to explore unique solutions to improve project financial terms and mitigate risk for sponsors and financiers. The Solar Generation Advance represents another milestone in this process: the Advance provides a second revenue stream for operating and new build projects.
The Solar Generation Advance provides an additional revenue source for both development and operating assets. Specifically, for development stage assets, the Solar Generation Advance can provide additional unencumbered cash for developers, which can increase their development fee or increase equity internal rates of return by 50-100 bps. For operating assets, the Solar Generation Advance provides a flexible funding source for additional sponsor distributions or operations and maintenance enhancements to the project.
“As a long-term asset owner, we understand the benefit of flexible capital and additional revenue streams in today’s market. The Solar Generation Advance provides value-enhancing optionality to both developers and asset owners, and we are proud to be a part of this innovative solution” said Ryan Fegley, Partner and Co-Founder at Excelsior Energy Capital.
“We are excited to deliver a solution that rewards prudent owners and stewards of solar power plants. The Solar Generation Advance and Solar Revenue Put are complementary risk management tools that sophisticated investors use to unlock more value from their assets,” said Richard Matsui, CEO and Founder at kWh Analytics.
The Solar Generation Advance will help ensure our industry accomplishes its goal of installing more solar to accelerate the Energy Transition, while continuing to provide reliable returns to equity investors.
Akin Gump has provided legal support for the formation of this project with a team led by Daniel Lynch and including Matt Kapinos and Graham McCall.
About kWh Analytics
kWh Analytics, the market leader in Insurance for the Energy Transition, uses our proprietary database of renewable energy project performance of 300,000+ operating assets -- the world's largest renewables database -- to underwrite insurance policies for renewable energy, backed by Swiss Re, the world's largest reinsurer. We have insured $3 billion of American solar power plants with our first insurance product, the Solar Revenue Put. kWh Analytics is funded by venture capital and the US Department of Energy. To learn more, please visit https://www.kwhanalytics.com/, connect with us on LinkedIn, or follow @kwhanaltyics on Twitter.
About Excelsior Energy Capital
Excelsior Energy Capital is a pure-play renewable energy infrastructure fund focused on long-term investments in wind and solar power plants in North America. The Excelsior management team alone brings over 70 years of combined experience and a comprehensive set of strategic, financial, legal and operational expertise; making Excelsior Energy Capital a valuable partner for developers and operators, and a trusted manager for investors. For more information, visit http://www.excelsiorcapital.com.
Stephanie Lee
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Global Manufacturer Serves Markets Directly Related to
Clean Air, Clear Water, and Clean Energy
NEW YORK--(BUSINESS WIRE)--One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has signed an agreement to acquire Norit Activated Carbon (“Norit” or “the Company”), a global manufacturer of activated carbon for purification solutions, from corporate parent Cabot Corporation (NYSE: CBT).
Norit manufactures a broad portfolio of activated carbon products used for purification needs in growing sectors including renewable natural gas, food and beverage, chemicals, pharmaceuticals, air quality, water, and automotive. The Company operates two plants in North America, five facilities in Europe and participates in three joint ventures in Canada, Asia and Mexico.
“We are proud to make this investment in Norit, whose product offering uses renewable materials to increase access to clean air and water,” said Joe Huffsmith, Managing Director, OEP. “Norit has been a leading player in the activated carbon space for over 100 years, and we feel fortunate for the opportunity to partner with the Norit team on this next phase of the company’s growth and development.”
The global activated carbon market is expected to grow at a CAGR of ~9 percent due, in part, to increased regulatory standards around air purification, water treatment, renewable natural gas purification and pharmaceutical drug production.
“This pending partnership with OEP is the beginning of an exciting new chapter for Norit,” said Imtiaz Kathawalla, VP and General Manager of Norit. “The senior management team and I are eager to collaborate closely with OEP’s professionals and tap their experience in support of our growth through geographic expansion, product offering diversification, technology innovation and strategic acquisitions.”
The transaction is subject to customary closing conditions and work council consultations and is expected to close by the end of Q1 2022.
Latham & Watkins, LLP served as legal counsel to OEP and KPMG LLP served as accounting and tax advisor. PNC Bank NA is providing debt financing for the transaction.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com.
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.
Press Contact for One Equity Partners:
Tom Faust
Stanton
646-502-3513
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WALLINGFORD, Conn.--(BUSINESS WIRE)--#Alkaline--Nel Hydrogen Electrolyser AS, a division of Nel ASA (Nel, OSE:NEL), has received a purchase order for a 20MW alkaline water electrolyser from Ovako, a leading European manufacturer of engineering steel. The electrolyser will be installed at Ovako’s existing plant in Hofors, Sweden. The fossil-free hydrogen will replace the use of fossil propane gas currently used in the heating furnaces.
“We are excited to announce the delivery of electrolyser equipment to Ovako. There is huge potential in reducing CO2-emissions from steel-heating processes through green hydrogen. We look forward to working with Ovako and its partners to further develop fossil-free steel production,” says Jon André Løkke, CEO at Nel.
The purchase order has a contract value of approximately EUR 11 million with equipment delivery in late 2022. The electrolyser will produce oxygen and hydrogen for Ovako’s steel-heating process and is a major step towards zero-carbon emission steel production. The conversion to hydrogen will enable Ovako to reduce its CO2 emissions for steel production in Hofors by 50 percent.
“In June we announced our collaboration with the Volvo Group, Hitachi Energy, H2 Green Steel and Nel Hydrogen with the purpose to invest in fossil-free hydrogen in Hofors. An investment that also got the support from the Swedish Energy Agency. We are very pleased to have reached this important milestone. The electrolyser technology will enable us to eliminate CO2 for heating steel before rolling,” says Rickard Qvarfort, President Business unit Hofors.
Ovako is a leading European manufacturer of engineering steel for customers e.g. in the bearing, transportation and manufacturing industries, and is a subsidiary of Sanyo Special Steel and part of the Nippon Steel Corporation Group. The company has geographical presence in Europe, North America and Asia, and a steel product line that includes niche products and customized solutions. The carbon footprint of Ovako’s steel products is a full 80 percent lower than the global average.
Reference is made to the press release from June 22, 2021: Nel ASA: Joins hydrogen initiative with leading players to enable fossil-free steel rolling/milling.
Jon André Løkke, CEO, +47.907.44.949
Kjell Christian Bjørnsen, CFO, +47.917.02.097
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