FREMONT, Calif.--(BUSINESS WIRE)--#AdvancedSolarEnergy--Solaria Corporation, a global provider of advanced solar energy products, today announced an addition to its industry-leading solar product line. Solaria’s new PowerXT® 430R-PL (430-Watt) solar panel features high-power density and an optimized form factor – along with unparalleled aesthetics and a 25-year comprehensive warranty. Solaria PowerXT 430R-PL solar panels will be available in March 2022 through leading solar and electrical distributors in North America.
“Our customers asked for new solar panel options, greater power output and higher efficiency – and we listened,” said Solaria CEO Tony Alvarez. “The new PowerXT® 430R-PL solar panel delivers high power with our patented Pure Black™ design and lowest weight per square foot. Additionally, the PowerXT® 430R-PL is optimized for next-generation module level power electronics (MLPE), including Enphase IQ7A and SolarEdge P505. We know our installer partners will appreciate a solar panel that’s easier to handle, transport and deploy. Solaria’s goal has always been to develop a no-compromise panel that offers excellent aesthetics, performance, and reliability. I’m proud of our team for leveraging their decades of experience to develop the finest solar panels available on the market today.”
“Solaria earns our highest recommendation, hands down,” said Jim Gitas, vice president, Your Energy Solutions, a leading solar installer in Northern California. “Solaria has superior panel aesthetics and fundamentally better solar cell architecture. Solaria is one of the very few private U.S.-based solar companies. Discerning homeowners want the best, and our team and our customers alike select Solaria panels above all others. Solaria delivers with solid performance and reliability.”
Designed and engineered in the U.S., Solaria is leading the way in premium solar panels with breakthrough technology and products. Leveraging Solaria’s patented cell design, superior panel architecture, and innovative assembly techniques, Solaria PowerXT panels significantly boost power generation and provide outstanding performance and aesthetics. High power density allows solar installers to maximize power and energy yield on customer roofs, while providing a beautiful architectural finish.
About Solaria
Solaria Corporation is a US-based solar PV technology and systems company, with a 20-year history in solar power innovation and product development. Solaria is paving the way for distributed, clean power generation by delivering state-of-the-art engineering and automation to provide superior field performance and unrivaled aesthetics. Solaria is headquartered in California, USA. For more information, please visit www.solaria.com.
Susan DeVico
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+1 415 235-8758
AMES, Iowa--(BUSINESS WIRE)--$REGI--Renewable Energy Group, Inc. (Nasdaq:REGI) is issuing the following statement from President and CEO, Cynthia ‘CJ’ Warner regarding the status of its renewable diesel plant located in Geismar, Louisiana following Hurricane Ida:
“I am pleased to report that the REG Geismar renewable diesel plant has returned to normal operations following the impact of Hurricane Ida. We are grateful that our employees, contractors and partners were able to remain safe throughout, and for their dedicated efforts that enabled us to restart the plant in a safe and controlled manner.”
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including restarting production at our Geismar facility. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, damage to the Geismar facility that may be discovered after the startup process, the availability of utilities, including hydrogen and steam, and the continuation of supply, from third parties that have not yet resumed operations following the storm, the availability, future price, and volatility of the utilities and feedstocks; the availability, future price and volatility of petroleum and products derived from petroleum; risks associated with fire, explosions, leaks, and weather related events and other natural disasters at our facilities; any disruption of operations at the Geismar renewable diesel refinery (which would have a disproportionately adverse effect on our profitability, including our proposed capacity expansion thereto and other risks and uncertainties described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
All forward-looking statements are made as of the date of this presentation and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
515-239-8184
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RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Hunt Valve Company (Hunt Valve), a portfolio company of May River Capital, on its sale to Fairbanks Morse Defense (Fairbanks Morse), a portfolio company of Arcline Investment Management (Arcline). Hunt Valve designs and manufactures complex valves and electromechanical actuators that support critical system functions onboard key U.S. Navy platforms. The transaction was led by Chris Rogers, Doug Kinard, Evan Clark, Mike Rohman and Anya Bahros of the Harris Williams Aerospace, Defense & Government Services (ADG) Group and Giles Tucker of the firm’s Industrials Group.
“In partnership with May River Capital, the Hunt Valve team has achieved impressive growth and solidified the company’s position as a leading flow control solutions provider to U.S. Navy ships and submarines,” said Doug Kinard, a managing director at Harris Williams. “Partnering with Fairbanks Morse, the combined platform is well positioned to serve the U.S. Navy for decades to come as it continues to expand and maintain its fleet.”
“Hunt Valve represents another marquee transaction for Harris Williams in the defense maritime sector, where we continue to see strong investor interest for platforms of scale in what is generally a fragmented supply base,” added Chris Rogers, a managing director at Harris Williams. “Demand tailwinds within this market are very positive, and suppliers that can participate in the U.S. Navy’s fleet expansion and modernization are well positioned for long-term growth.”
Hunt Valve brings decades of fluid power engineering innovations and solutions to a wide range of military and industrial customers. It specializes in severe duty valves and complementary engineered components and system solutions for applications that include primary metals, energy, process and U.S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Columbia Class and Ford Class.
Headquartered in Chicago, May River Capital is a private equity firm focused on investing in lower-middle market industrial growth companies, including precision manufacturing, engineered products and instrumentation, specialized industrial services, and value-added industrial distribution businesses. The firm is investing out of its second institutional fund of approximately $300 million, which was closed in December 2019.
Fairbanks Morse develops and manufactures heavy-duty, medium-speed reciprocating engines that are used primarily in marine and power generation applications. The company has been the original equipment manufacturer of its engines for more than 120 years and has a large installed base for which it supplies aftermarket parts and services. Fairbanks Morse is the principal supplier of diesel engines to the U.S. Navy, U.S. Coast Guard and Canadian Coast Guard, with all manufacturing conducted in the company's U.S.-based facility in Beloit, Wisconsin, and parts and services delivered through its network of five service centers strategically located in the U.S. and Canada.
Arcline is a growth-oriented private equity firm that seeks to invest in thriving middle market businesses in high value industries. Arcline’s differentiated investment strategy combines deep business model expertise, proactive thematic research, an unrelenting focus on the upside and a collaborative, management-first approach to value creation. The firm's primary sectors of interest include defense, aerospace, critical infrastructure services, industrial and medical technology, life sciences, and specialty materials. Launched in 2019, Arcline currently has $4.3 billion in cumulative capital commitments.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams ADG Group offers strategic advice to a global base of leading aerospace, defense and government services clients. For more information on the ADG Group and other recent transactions, visit the ADG Group’s section of the Harris Williams website.
The Harris Williams Industrials Group has experience across a variety of sectors, including advanced manufacturing; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: This email address is being protected from spambots. You need JavaScript enabled to view it.). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
Julia Moore
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has amended and restated its $800 million Revolving Credit Facility and added a new $300 million Term Loan Facility (together the “Senior Credit Facility”) with Bank of America, N.A. and certain other lenders. The Senior Credit Facility includes a Sustainability-Linked Option, which provides the opportunity to further lower the Company’s overall borrowing costs, based upon an agreement with BofA Securities, Inc. as sustainability coordinator, regarding certain Flowserve environmental, social and governance targets.
Additionally, as part of the Senior Credit Facility, Flowserve has incorporated a $300 million, 5-year funded Term Loan Facility that includes participation from a Minority-Owned Depository Institution headquartered in Flowserve’s home state of Texas.
“We appreciate the support of our banking partners in completing this new credit facility that strengthens our capital structure, ensures substantial liquidity and enhances our financial flexibility as we continue to execute on our strategic goals,” said Amy Schwetz, senior vice president and chief financial officer.
“We are especially pleased to incorporate a Sustainability-Linked option as part of the Senior Credit Facility. Flowserve’s purpose of ‘creating extraordinary flow control solutions to make the world better for everyone’ dictates a commitment to continuous improvement in our ESG initiatives, which are core to our company. We do this through our commitments to reduce our own environmental footprint and add value to the communities we serve, and importantly, by applying our deep expertise in flow control products, services and knowledge to support our customers on their own energy transformation journey. Linking our cost of capital to our ESG goals provides a compelling opportunity to do well for our company and shareholders as we do well for the world,” Schwetz added.
The Senior Credit Facility was entered into with a syndicate of lenders arranged by BofA Securities, Inc. as joint lead arranger and joint bookrunner. Additionally, JPMorgan Chase Bank, N.A., Mizuho Bank, LTD. and BNP Paribas Securities Corp. also served as joint lead arrangers and joint bookrunners. The Revolving Credit Facility is available for general corporate purposes, and the Term Loan Facility’s proceeds are intended to refinance upcoming debt maturities.
Additional information on Flowserve’s Senior Credit Facility will be forthcoming on a Form 8-K to be filed with the Securities and Exchange Commission on or about September 14, 2021, which will also be made available on flowserve.com in the investor relations section under SEC filings. For further detail on Flowserve’s sustainability initiatives, including our annual sustainability report, please visit: https://www.flowserve.com/en/about-us/this-is-flowserve/corporate-sustainability.
About Flowserve
Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site 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 second-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.
The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Throughout our materials we refer to non-GAAP measures as “Adjusted.” Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.
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
SAN FRANCISCO--(BUSINESS WIRE)--#AR--(Zoomtopia) – RealWear today announced that it is working with Zoom to expand the use of its RealWear assisted reality headset devices to frontline workers globally at ExxonMobil.
Field workers will use RealWear devices that integrate with Zoom for a hands-free experience. The RealWear HMT-1Z1 is the leading commercially available head-mounted Android computer certified for use in operating areas (ATEX Zone 1/C1D1). ExxonMobil has been using the devices since 2017, but began using the devices with Zoom earlier this year for remote expert guidance.
“Using Zoom on RealWear is just the beginning of our utilization plan for assisted reality. Future use cases include self-guided work instructions and real-time IoT data visualization to reduce errors and improve quality,” said Andrew Chrostowski, RealWear’s Chairman and CEO.
“We are pleased to see ExxonMobil’s commitment to remote collaboration, leveraging the power of Zoom to extend their frontlines,” said John Beckmann, Head of Meetings & Webinars at Zoom. “We look forward to continuing to grow our collaboration with RealWear to engage, empower, and elevate frontline workers around the world.”
“There is no substitute for in-person collaboration to support business critical activities, but assisted reality technology helps us collaborate with our teams at the workplace in situations when meeting in person isn’t possible or the best answer,” said Raymond Jones, Vice President of ExxonMobil’s Upstream Integrated Solutions Company. “These technologies will help us innovate and collaborate and transform the way we work on the front line.”
RealWear assisted reality devices are the first in the category to integrate the Zoom Meetings client application. Field workers rely on several built-in features, including noise cancellation, full voice control through simple commands, a monocular display, and a front-facing HD camera to capture photos and share live footage with remote experts.
About RealWear
RealWear® is the world’s leading provider of assisted reality wearable solutions that engage, empower, and elevate the modern frontline industrial worker to perform work tasks more safely, and with increased efficiency and precision. RealWear gives these workers real-time access to information and expertise, while keeping their hands and field of view free for work. Workers use voice-controlled commands – even in high noise environments – to collaborate with remote experts or navigate through workflows.
RealWear offers the only assisted reality wearable solutions fully supported by the world’s leading video conferencing applications. RealWear is compatible with worker PPE, purpose-built for industry and enterprise, and features the only “full shift” battery in its category. RealWear is field proven with world-class customers, including ExxonMobil, Goodyear, Mars, Colgate-Palmolive, and BMW, who use it to improve workplace safety while delivering unprecedented ROI.
RealWear is headquartered in Vancouver, Washington in the United States, with local offices in the United Kingdom, Singapore, Germany, Australia, the Netherlands, and Japan, along with a new customer experience center in Dubai. RealWear’s number one position was further strengthened with triple (3X) year-over-year growth in 2020. The company has shipped wearable devices to more than 3,000 unique enterprise customers worldwide in a range of industries, including Energy, Manufacturing, Food & Beverage, Automotive, and Telecommunications.
For more information, visit www.realwear.com.
About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.
Aaron Cohen
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415-819-7791
Former CEO of EnviroSolar Abe Issa reflects on a decade in the clean energy sector.
DENVER--(BUSINESS WIRE)--Abe Issa is a Lebanese-American entrepreneur with over 15 years of experience as a business leader. Recently celebrating a decade of that time spent focused on clean, green energy, Issa is now a widely respected authority on solar power nationwide.
"Change is something constant in life. By embracing change and innovating within it, there's no limit to what you can do," says Abe Issa, marking a decade at the forefront of green energy. "Be dynamic and be ambitious," he adds, "but never be afraid." We have learned a tremendous amount over the years, mostly by trial and error. It has been a fun journey.
Issa is the former CEO of award-winning solar energy provider EnviroSolar. The entrepreneur has now been involved in residential real estate for over 20 years. Half of that, he explains, has been spent concentrated on saving and providing clean energy.
"Through solar and advanced technologies, I've long planned to build the home of the future while, at the same time, educating consumers in the process," says the businessman.
Abe Issa was born in Beirut, Lebanon. He arrived in the U.S. as a young boy in 1987 with his family. Almost 35 years on, and today, the Lebanese-American entrepreneur is a leader in the nation's renewable energy industry.
Abe Issa Becomes a Leader in American Solar Power
By 27 years old, a change in direction saw him move away from hands-on real estate development and toward his next big opportunity. "I yearned to build a business that was both good for people and the environment," Issa reveals. The following year, in 2011, he entered the world of energy efficiency for the first time with no experience behind him.
Having closely studied trends in energy technology and associated environmental concerns, the businessman began to experiment with clean energy retrofits. "I witnessed a remarkable response rate," says Issa, "and promptly realized that I was on to something."
Very quickly, Abe Issa made the decision to focus on helping homeowners begin their own clean, green energy journeys. "I was soon leading the way in the clean home energy market," he explains.
Former EnviroSolar CEO now Focused on Next Half a Decade
A decade on since Abe Issa first entered the clean home energy market, America's power grid is at approximately two percent as far as energy generated by solar technology, according to the expert.
It's an impressive start, but things now need to progress at a much greater rate, Issa suggests. "Real revolutions move faster," he explains, "and I have a solid vision of how to achieve 15 percent by 2025."
Issa's efforts have seen him repeatedly honored with award nominations and wins. Among the most prestigious are TechRepublic 40 Under 40 recognition and two Stevie Awards, highlighting the accomplishments and contributions of businesspersons worldwide. He's also made the finals of the Ernst & Young Entrepreneur of the Year Awards.
Abe Issa is the former CEO of EnviroSolar. Leading the solar revolution in America, the firm was founded on the principle of helping homeowners transform their homes into self-sustaining solar energy machines. EnviroSolar continues to take a consultative approach to green energy, assessing the efficiencies and inefficiencies of customers' homes.
"The team then provides recommendations and solutions to those homeowners interested in a greener way of life," Issa notes. "With that, not only does EnviroSolar strive to reduce the consumption of each home," he adds, wrapping up, "but it also works hard to give homeowners a more valuable way to pay for their power moving forward."
Margaret Vazquez / Media Relations
EnviroSolar
817-213-6041
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https://www.envirosolarpower.com
New smart metering infrastructure will save Mesquite in operation costs and lost revenue
FRAMINGHAM, Mass. & MESQUITE, Texas--(BUSINESS WIRE)--#ami--Ameresco, Inc. (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has been selected by the City of Mesquite, Texas to install a comprehensive smart metering infrastructure improvement project for its residential and commercial water utility customers.
The project will include the installation of solid-state water meters and an advanced metering infrastructure (AMI) system to allow for wireless reading of water usage data to replace the current manual reading of meters. Ameresco will replace more than 42,000 water meters and 41,000 meter boxes citywide. At the end of the first year, the city is expected to accrue operational savings.
By implementing an AMI system, Mesquite will be able to more accurately capture metered water consumption and more effectively manage future rate increases. The new automated meter reading by an AMI system will reduce estimated meter reading and meter accessibility issues and minimize billing errors across the city. Additionally, the installation of this new system will enable the city staff to provide greater customer service for its water utility customers by providing access to water usage data through a new customer web portal where customers can visit their historical utility consumption data.
“We are thrilled at all the advancements taking place in our community, which will provide our water utility customers with a greater level of transparency into their water consumption levels and reduce our operational costs. Ameresco has an impressive track record of implementing advanced metering technologies and smart city solutions, and that made them the ideal partner for this project,” said City Manager Cliff Keheley.
“Implementing a new and improved water metering system is a strong step forward for the City of Mesquite as it continues to make efforts for a more sustainable future,” said Ameresco vice president, Bob Georgeoff. “We are delighted to have been selected to lead this project to replace and upgrade the city’s existing infrastructure. Over time, together we will help Mesquite capture water usage data and reduce maintenance costs that can be reinvested back into the community.”
The project is expected to be completed in the next two years.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/. For more information on the City of Mesquite’s project, visit www.cityofmesquite.com/MeterProject.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of June 30, 2021.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") announced today that its 2021 Sustainability Report and Environmental, Social and Governance (ESG) Position Statement have been endorsed by the Valaris Executive Management Team and the ESG Committee of its Board of Directors. The Sustainability Report and ESG Position Statement can be found on the "Safety & Environment ‒ Sustainability" page of the Valaris website at www.valaris.com.
The ESG Position Statement reflects our commitment to developing targets in the next twelve months that will be disclosed in future Sustainability Reports with updates on our progress. These will be focused on three main areas:
Progress against these targets will be reviewed annually by the Valaris Executive Management Team and the ESG Committee of its Board of Directors.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release, as well as materials or websites that are cross-referenced, that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," “should,” “will” and similar words and specifically include statements that are aspirational or reflective of our views about future performance and our expectations, plans, or goals related to corporate responsibility, sustainability and environmental matters, employees, policy, business, procurement and other risks and opportunities. Forward-looking statements are aspirational and are not guarantees or promises that such expectations, plans, or goals will be met. Such historical, current, and forward-looking sustainability-related statements are based on currently available information and assumptions, as well as standards for measuring progress that are still in development and internal controls and processes that continue to evolve. They are also subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated. In addition to the factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10- Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking or other statements, except as required by law and notwithstanding any historical practice of doing so.
Website references are provided for convenience only. The content on the referenced websites is not incorporated by reference into this document, nor does it constitute a part of this document. We assume no liability for any third-party content contained on the referenced websites.
Investor & Media Contact:
Tim Richardson
Director - Investor Relations
+1-713-979-4619
SAN DIEGO & NEW YORK--(BUSINESS WIRE)--EDF Renewables North America (EDFR) and MEAG, acting in its capacity as Munich Re’s global asset manager, today announced a strategic investment whereby a subsidiary of Munich Re will acquire a 50% stake in two renewable energy projects in California.
The Maverick 6 Solar-plus-Storage Project is 131 MWdc coupled with a 50 MW/200 MWh battery energy storage system. The Maverick 7 Solar Project has a capacity of 179 MWdc. The projects, which utilize horizontal single-axis tracking technology, are located adjacent to one another in Riverside County on federal lands within a Solar Energy Zone and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM). Both projects are in construction with operations to commence in December 2021.
“We are very pleased to announce this strategic partnership with MEAG, who shares EDF Renewables’ long-term investment focus and commitment to decarbonization,” commented Nate McMurry, Vice President, Divestiture & Portfolio Strategy for EDF Renewables. “Securing the volume of capital investment required to successfully address climate change is one of the 21st century’s critical challenges; partnerships between developers of high-quality renewable energy projects and major institutional investors like MEAG are an important avenue to accelerate the growth of clean energy.”
Holger Kerzel, Member of MEAG’s Management Board, said, “This project fulfills our high expectations for sustainable investments. By further expanding our renewable energy portfolio in the US we are helping to prevent climate-damaging emissions. We are very pleased about this transaction and are looking forward to a successful partnership with EDF Renewables.“
The projects combined will generate enough clean energy to meet the consumption of 116,500 average California homes1. This is equivalent to avoiding more than 527,000 metric tons of CO2 emissions annually2.
The transaction, expected to close in the first quarter of 2022, is subject to customary regulatory approvals. Macquarie Capital acted as exclusive financial advisors.
EDF Renewables, one of the largest renewable energy developers in North America, is committing to providing solutions to meet California’s carbon-reduction goals. With 35 years of experience and 20 gigawatts of wind, solar, and storage projects developed, EDF Renewables provides integrated energy solutions from grid-scale power to electric vehicle charging.
MEAG, acting on behalf of Munich Re, has more than one gigawatt of wind and solar assets under management in Europe and in the US, and is planning to substantially increase its investments into the US renewable energy space over the next years, leveraging on Munich Re’s in-house engineering expertise and MEAG’s local presence in the US.
1 According to U.S. Energy Information Administration (EIA) 2019 Residential Electricity Sales and U.S. Census Data and typical transmission assumptions.
2 According to U.S. EPA Greenhouse Gas Equivalencies calculations and typical transmission assumptions.
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar and storage; and asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects. The Company’s PowerFlex subsidiary offers a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 20 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
About MEAG
MEAG manages the assets of Munich Re and ERGO. It has representations in Europe, Asia and North America and offers its extensive know-how to institutional and private customers. MEAG currently manages assets to the value of around € 334 billion, around € 67 billion of which in its business with institutional investors and private customers.
MEAG invests in alternative assets in North America on behalf of Munich Re group and other non-US institutional investors. MEAG’s most recent infrastructure investments in the US comprise a solar farm in California and various regulated US water assets in 2020, as well as New York’s Astoria Energy Partners and Long Beach Container Terminal in 2019.
EDFR: Sandi Briner, This email address is being protected from spambots. You need JavaScript enabled to view it.
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HOUSTON--(BUSINESS WIRE)--JERA Americas Inc. (JERA Americas) the US-based subsidiary of global energy leader JERA Co., Inc., has entered into an investment agreement and shareholders’ agreement to invest €15M in Hydrogenious LOHC Technologies GmbH (Hydrogenious LOHC). This investment round was led by JERA Americas with Temasek, Chevron Technology Ventures, and Pavilion Capital as additional investors.
JERA Americas delivers innovative energy solutions to customers through a diversified portfolio of low carbon technologies, renewable generation, fuel, and gas-fired generation, as well as investing in energy technologies.
JERA Americas has the objective of achieving zero carbon emissions by 2050. JERA Americas believes that a key component of this will be the development of low carbon fuels such as hydrogen. Because hydrogen does not emit CO2 when combusted, it is expected to be used as a next-generation fuel for thermal power stations replacing fossil fuels.
“We are moving forward on all fronts to reach net zero CO2 emissions by 2050,” said Steven C. Winn, Chief Executive Officer of JERA Americas. “Our investment in Hydrogenious LOHC is another important step in the development of the low carbon fuel value chain.”
Hydrogenious LOHC is headquartered in Erlangen, Germany. Founded in 2013, it has grown to a market-leading pioneer for Liquid Organic Hydrogen Carrier (LOHC). The basic concept is to bind the gaseous hydrogen chemically to the LOHC by hydrogenation. Hydrogenious LOHC uses benzyltoluene as carrier medium, a thermal oil – which provides added safety during transportation. Likewise, the release of the hydrogen from the oil takes place by dehydrogenation. With its proprietary technology and industrial-scaled plants, Hydrogenious LOHC enables flexible, safe, easy and efficient transportation and storage of hydrogen in conventional fuel infrastructure – all within ambient conditions.
The world's largest LOHC plant is being built by Hydrogenious LOHC in Dormagen, Germany, with commissioning scheduled in 2023. Carriers such as the kind produced by Hydrogenious LOHC are an essential part of making low carbon fuel available to these facilities, and allowing for the production of large-scale, zero carbon reliable energy.
By investing in Hydrogenious LOHC, JERA Americas will strive to acquire knowledge of LOHC technology, a potential game changer as a hydrogen energy carrier, and will support development of LOHC plants in Europe, North America, Asia etc., thereby contributing to establishing hydrogen supply chains globally.
Last month, JERA Americas announced plans to employ hydrogen as a fuel in two power generation facilities in which it has an ownership interest, Linden Cogeneration and Cricket Valley Energy Center.
ABOUT JERA AMERICAS
A subsidiary of Tokyo-based JERA, the company that produces about 30% of all electricity in Japan, JERA Americas is a leading integrated energy provider supporting the Americas’ energy transition in an environmentally and socially responsible manner. Under its “JERA Zero CO2 Emissions 2050” objective, JERA has been working to eliminate CO2 emissions from its domestic and overseas businesses by 2050. JERA, which stands for Japanese Energy for a New Era, will contribute to the development of a sustainable society, and seek to become a global company that is worthy of the regard of the global energy market and indispensable to the people of the world. https://www.jera.co.jp/english/. For more information: This email address is being protected from spambots. You need JavaScript enabled to view it.
JERA Americas Inc.
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CINCINNATI--(BUSINESS WIRE)--Procter & Gamble (NYSE:PG) is announcing a comprehensive plan to accelerate action related to climate change. P&G has also set a new ambition to achieve net zero greenhouse gas (GHG) emissions across its operations and supply chain, from raw material to retailer, by 2040 as well as interim 2030 goals to make meaningful progress this decade.
The climate crisis affects every home and family, everywhere in the world. The majority of consumers globally now want brands they buy to help them live a more environmentally conscious lifestyle and the latest science has made it clear that urgent, decisive action must be taken to avoid the worst impacts of climate change.
“We are fully committed to use P&G’s innovation and ingenuity to unlock new solutions to address climate change,” said David S. Taylor, Chairman, P&G President and Chief Executive Officer. “The task ahead of us is urgent, difficult and much bigger than any single company or country. P&G is tackling these challenges head-on by reducing our footprint and leveraging our scale to foster unprecedented collaboration across our value chain.”
P&G’s actions on climate began over a decade ago, and we know there is more work to do. Our science-based plan to net zero will prioritize cutting most of our emissions across our operations and supply chain, from raw material to retailer. For residual emissions in these categories that cannot be eliminated, we will use natural or technical solutions that remove and store carbon.
Our 2030 goals to pace our progress toward net zero were submitted to The Science Based Targets initiative (SBTi):
We have joined the UN’s Race to Zero and the Business Ambition for 1.5°C campaigns and are also sharing our new Climate Transition Action Plan, which outlines a comprehensive approach to accelerating climate action and the key challenges ahead. More perspective is available here. We will continue to communicate our successes and setbacks along the way so others can learn with us and advance collective progress.
“While no one has all of the answers on how to bring a net zero future into focus, we will not let uncertainty hold us back,” said Virginie Helias, P&G Chief Sustainability Officer. “To achieve these goals, we will leverage existing solutions and seek transformative new ones that are not available in the marketplace today. This will require partnership across the private, nonprofit, and public sectors and involve every aspect of our business, from the very beginning of our products’ lifecycle to the very end.”
Acting with Urgency to Reduce Emissions
Our top priority is to significantly reduce GHG emissions as quickly as possible with solutions that exist today.
Tackling Challenges by Inventing New Solutions
We know there are some operational emissions we cannot eliminate yet and our teams are working hard to develop the next generation of low-carbon technologies and materials. Our efforts in this area include:
Creating a Decarbonized Future Through Transformative Collaboration
We are going beyond our net zero ambition and doing more to make a collective impact - partnering with consumers to reduce GHG emissions from the use phase of products, creating alliances for carbon-efficient homes, and advocating for policy solutions to decarbonize energy infrastructure. Our efforts here include:
“Caring for our consumers and our planet is core to all of us at P&G,” Taylor added. “There is no action too small, and no vision too big, as we all work together to preserve our shared home for generations to come.”
For more detailed information about P&G’s commitments and progress, please see P&G’s Climate Transition Action Plan and blog. To learn more about P&G’s ESG efforts, visit the ESG website or read the 2020 Citizenship Report.
About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands. For other P&G news, visit us at www.pg.com/news.
Forward-Looking Statements
Certain statements in this release, including statements relating to our climate and related ESG targets, estimates, projections, goals, commitments, and expected results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believe” “project” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “goal," “target,” “objective,” and similar expressions. Forward-looking statements speak only as of the date they are made and are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause results and outcomes to differ materially from those expressed or implied in the forward-looking statements. Some of these uncertainties are summarized in the section of our Climate Transition Action Plan titled, “Sources of Uncertainty.” For additional information concerning factors that could cause actual results and events to differ materially from those projected herein, please refer to our most recent 10-K, 10-Q and 8-K reports. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise, except to the extent required by law.
1 Our Scope 3 2030 goals, submitted to SBTi, are as follows:
Media Contacts:
H+K Strategies PR Team
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Lindsey Morahan, P&G
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First Installations of TurnOnGreen’s EV Smart Charging Stations Scheduled to Begin Late September 2021 at Southern and Central California Locations
LAS VEGAS--(BUSINESS WIRE)--$AGH #AP--Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the “Company”), announced today that its power electronics business, TurnOnGreen Inc. (“TurnOnGreen” or “TOGI”), formerly known as Coolisys Technologies Corp., has successfully launched the TOGI commercial EV charging product line and marketing campaign with installations in southern and central California locations set for late September 2021 and into October 2021. TurnOnGreen Technologies (“TOGT”), a subsidiary of TOGI, is a manufacturer of the EV charging and power storage systems. TOGT’s commercial EV charging platform features four models:
TOGI reports that the scheduled installations are a result of receiving executed agreements that will be fully consummated upon the successful delivery and installation of the systems.
“The TurnOnGreen commercial EV charging platform is intelligent, flexible, customizable, and scalable to account for the millions of electric vehicles expected to come to market over the next five years that will require charging solutions,” said Amos Kohn, President and CEO of TurnOnGreen. “Our commercial sales platform is designed to facilitate the rapid adoption of EV’s in North America and provide business owners with new opportunities to engage customers, increase revenues and improve their local community.”
According to a comprehensive research report by Market Research Future entitled “Electric Vehicle Charging Station Market Research Report, System, Vehicle Type and Region - Forecast till 2028,” the EV charging station market size is projected to be worth $142.5 billion by 2028, registering a CAGR of 37.5% during the forecast period (2021 - 2028). The market was valued at $15.4 billion in 2020.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
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 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 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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NEW YORK--(BUSINESS WIRE)--On April 7, 2021, Terra Energy and Resource Technologies Inc. announced that it had entered into a binding letter of Intent for a prospective merger with Purestone US Inc. On July 9, 2021, the Letter of Intent was amended by agreement of both parties to be non-binding.
Effective September 11, 2021, Terra and Purestone mutually terminated the Letter of Intent. Terra’s decision to terminate resulted from inability of Purestone to satisfy the closing conditions set forth in the amended Letter of Intent.
Terra will continue to look for other merger or acquisition opportunities.
Safe Harbor for Forward-looking Statements
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause the Company's expectations and beliefs about its operations, services, plans, projects, and contracts, and its plans or proposals to acquire interests in, or participate in, exploration activities or properties, to fail to materialize, including, but not limited to, availability of capital, negotiation and execution of definitive agreements, satisfaction of contractual requirements, unfavorable geologic conditions, the amount of reserves projected or ultimately discovered, and general regional economic conditions.
Terra Energy & Resource Technologies, Inc.
212-286-9197
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BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc., (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a multi-asset company focused on the integrated production of lithium hydroxide to support the North American electric vehicle supply chain, today announced participation in three major industry investor conferences occurring in September:
“We’ve been very active lately as an organization working on a number of different strategic initiatives,” said Piedmont Lithium President and CEO, Keith Phillips. “In addition to an update on our flagship North Carolina Lithium Project, which remains the core of our operations, I’m looking forward to speaking with the investor community about the significance of our recent participation in the acquisition of North American Lithium in Quebec, as well as our investment in Iron Ridge Resources in Ghana. My goal is to communicate the strategic importance of these two initiatives and how they compliment our proposed North Carolina operations, contribute to the continued growth of our company, and the value of our diversification from a resource standpoint. We firmly believe becoming a multi-asset company will place us in a strong position to support the North American EV supply chain,” added Phillips.
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For further information:
Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
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SAN FRANCISCO--(BUSINESS WIRE)--College should be an educational and memorable experience for students – but it should also be safe. September is National Preparedness Month, and as students settle into their new surroundings, they need to be prepared for emergencies that could happen at any time. That’s why, in partnership with Chico State, PG&E has developed two educational modules that will show college students how to prepare for an emergency, on and off-campus.
These resources are brief but contain important information that will take the guesswork out of emergency preparedness for students and their families. This information will be available on the Safety Action Center, PG&E’s preparedness website, which provides tips to help Californians keep their families, homes and businesses safe during natural disasters and other emergencies.
Students will learn:
To learn more about emergency preparedness tips, please visit the Safety Action Center (safetyactioncenter.pge.com).
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) announced today that it intends to offer, subject to market and other conditions, $1.2 billion principal amount of Senior Notes due 2032 (the "CQP 2032 Notes").
Cheniere Partners intends to use the proceeds from the offering (after deducting the initial purchasers’ discounts, estimated fees and expenses), together with cash on hand, to refinance all of Cheniere Partners’ outstanding senior notes due 2026 (the “CQP 2026 Notes”) and a portion of Sabine Pass Liquefaction, LLC’s senior notes due 2022 (the “SPL 2022 Notes”) and to pay fees and expenses in connection with the refinancing. This press release does not constitute an offer to purchase or a solicitation of an offer to sell the CQP 2026 Notes or SPL 2022 Notes. The CQP 2032 Notes will rank pari passu in right of payment with the existing senior notes at CQP, including the CQP 2026 Notes, the senior notes due 2029 and the senior notes due 2031.
The offer of the CQP 2032 Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and the CQP 2032 Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere Partners’ business strategy, plans and objectives, including the use of proceeds from the offering. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.
Cheniere Partners Contacts
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) announced today that it has priced its previously announced offering of Senior Notes due 2032 (the "CQP 2032 Notes"). The CQP 2032 Notes will bear interest at a rate of 3.25% per annum and will mature on January 31, 2032. The CQP 2032 Notes are priced at par, and the closing of the offering is expected to occur on September 27, 2021.
Cheniere Partners intends to use the proceeds from the offering (after deducting the initial purchasers’ discounts, estimated fees and expenses), together with cash on hand, to refinance all of Cheniere Partners’ outstanding senior notes due 2026 (the “CQP 2026 Notes”) and a portion of Sabine Pass Liquefaction, LLC’s senior notes due 2022 (the “SPL 2022 Notes”) and to pay fees and expenses in connection with the refinancing. This press release does not constitute an offer to purchase or a solicitation of an offer to sell the CQP 2026 Notes or SPL 2022 Notes. The CQP 2032 Notes will rank pari passu in right of payment with the existing senior notes at CQP, including the CQP 2026 Notes, the senior notes due 2029 and the senior notes due 2031.
The offer of the CQP 2032 Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and the CQP 2032 Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere Partners’ business strategy, plans and objectives, including the use of proceeds from the offering. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.
Investors
Randy Bhatia 713-375-5479
Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491
HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that it has commenced a cash tender offer to purchase any and all of the $1.1 billion aggregate principal amount of its outstanding 5.625% Notes due 2026 (the “Notes”) on the terms set forth in the table below.
Series of Notes |
CUSIP
|
Aggregate
|
Tender
|
Early Tender
|
Total
|
5.625% Notes due 2026 |
16411Q AD3 U16353 AB7 |
$1,100,000,000 |
$980.00 |
$50.00 |
$1,030.00 |
(1) |
Per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase by Cheniere Partners. Excludes accrued and unpaid interest, which will be paid on Notes accepted for purchase by Cheniere Partners as described below. |
(2) |
Includes the $50 early tender premium for Notes validly tendered at or prior to the Early Tender Deadline (as defined below) (and not validly withdrawn) and accepted for purchase by Cheniere Partners. |
In connection with the tender offer, Cheniere Partners is soliciting consents from holders of the Notes to amend certain provisions of the indenture governing the Notes (the “Proposed Amendment”). The Proposed Amendment would amend the indenture with respect to the Notes to reduce the minimum notice period to optionally redeem the Notes.
Cheniere Partners will not be obligated to accept for purchase any Notes pursuant to the tender offer unless certain conditions are satisfied or waived by Cheniere Partners, including (1) entry by Cheniere Partners at or prior to the Expiration Date (as defined below) (or Early Tender Deadline, if Cheniere Partners elects to have an early settlement) into a definitive contract providing for the receipt by Cheniere Partners, on terms satisfactory to it in its sole discretion subject to applicable law, of a minimum of $1,200,000,000 in gross proceeds from one or more debt financings and (2) the receipt by Cheniere Partners at or prior to the final settlement date (or early settlement date, if Cheniere Partners elects to have an early settlement) of a minimum of $1,200,000,000 in gross proceeds from one or more debt financings upon fulfillment of customary conditions. The tender offer is not conditioned on any minimum amount of Notes being tendered or receipt of requisite consents to adopt the proposed amendments. Subject to applicable law, Cheniere Partners may amend, extend or terminate the tender offer in its sole discretion.
The tender offer and consent solicitation is being made solely pursuant to the terms and conditions set forth in an Offer to Purchase and Consent Solicitation Statement, dated September 13, 2021. Holders of the Notes are urged to carefully read the Offer to Purchase and Consent Solicitation Statement before making any decision with respect to the tender offer and consent solicitation.
The tender offer and consent solicitation will expire at 12:01 a.m., New York City time, on October 12, 2021, unless extended, earlier expired or terminated by Cheniere Partners (such time and date, as the same may be extended, earlier expired or terminated by Cheniere Partners in its sole discretion, subject to applicable law, the “Expiration Date”). Tendered Notes may be withdrawn and consents delivered may be revoked at or prior to 5:00 p.m., New York City time, on September 24, 2021 by following the procedures in the Offer to Purchase and Consent Solicitation Statement, but may not thereafter be validly withdrawn and validly revoked, except as provided for in the Offer to Purchase and Consent Solicitation Statement or required by applicable law.
Holders of Notes must validly tender and not validly withdraw their Notes and validly deliver and not validly revoke their consents at or prior to 5:00 p.m., New York City time, on September 24, 2021 (such time and date, as the same may be extended by Cheniere Partners in its sole discretion, subject to applicable law, the “Early Tender Deadline”) in order to be eligible to receive the total consideration, which includes the early tender premium for the Notes of $50.00 per $1,000 principal amount of Notes tendered. Holders who validly tender their Notes and deliver their consents after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the tender consideration, as set forth in the table above. Accrued and unpaid interest will be paid on all Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the applicable settlement date.
Cheniere Partners reserves the right, but is under no obligation, at any time after the Early Tender Deadline and before the Expiration Date, to accept for purchase Notes that have been validly tendered and not validly withdrawn at or prior to the Early Tender Deadline on the early settlement date. Cheniere Partners currently expects the early settlement date, if any, to occur on September 27, 2021. If Cheniere Partners chooses to exercise its option to have an early settlement date, Cheniere Partners will purchase any remaining Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date, subject to all conditions to the tender offer having been satisfied or waived by Cheniere Partners, on a date following the Expiration Date. The final settlement date is expected to occur promptly following the Expiration Date, and is currently expected to occur on October 13, 2021, unless extended by Cheniere Partners. If Cheniere Partners chooses not to exercise its option to have an early settlement date, Cheniere Partners will purchase all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date, subject to all conditions to the tender offer having been satisfied or waived by Cheniere Partners, on the final settlement date. Tenders of Notes and delivery of consents submitted after the Expiration Date will not be valid.
On the day hereof and subsequent to the commencement of the tender offer and consent solicitation, we intend to issue a notice of redemption for all or a portion of the Notes that remain outstanding following the consummation or termination of the tender offer pursuant to the existing notice period provisions of the Indenture (the “original notice of redemption”), which will be conditioned upon the receipt of the net proceeds from the Debt Financing and the lack of receipt of the requisite consents on or prior to the Early Tender Deadline. Any such redemption would be made in accordance with the terms of the Base Indenture, as supplemented by the Second Supplemental Indenture, pursuant to which the Notes were issued, and as amended by the Fourth Supplemental Indenture, which provides for a redemption price equal to 102.813% plus accrued and unpaid interest thereon to the redemption date. In addition, assuming the execution and delivery of the Supplemental Indenture, we currently intend, in accordance with the terms and conditions of the Indenture, as may be amended as a result of the Proposed Amendment (which would shorten the minimum notice requirement for optional redemptions), to mail a second notice of redemption to the holders of any outstanding Notes on the Early Settlement Date, if any, that will supersede the original notice of redemption, although we have no legal obligation to do so and the selection of any particular redemption date is in our discretion. Neither this statement of intent nor similar statements of such intent included elsewhere in this press release shall constitute a notice of redemption under the Indenture. Any such notice, if made, will only be made in accordance with the provisions of the Indenture.
Cheniere Partners has retained RBC Capital Markets, LLC to act as the dealer manager and solicitation agent and Ipreo LLC to act as the tender and information agent for the tender offer and consent solicitation. For additional information regarding the terms of the tender offer and consent solicitation, please contact RBC Capital Markets, LLC collect at (212) 618-7843 or toll-free at (877) 381-2099. Requests for copies of the Offer to Purchase and Consent Solicitation Statement and questions regarding the tendering of notes and delivery of consents may be directed to Ipreo LLC at (212) 849-3880 (for banks and brokers) or (888) 593-9546 (all others, toll-free) or email This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release is for informational purposes only and does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
None of Cheniere Partners, the tender and information agent, the dealer manager and solicitation agent or the trustee (nor any of their respective directors, officers, employees or affiliates) makes any recommendation as to whether holders should tender their Notes pursuant to the tender offer and deliver any related consents, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere Partners’ business strategy, plans and objectives, including statements regarding the intended conduct, timing and terms of the tender offer and consent solicitation, related financing plans and any future actions by Cheniere Partners in respect of the Notes. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.
Cheniere Partners Contacts
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
Preservation of zero-emissions nuclear plants prevents harmful pollution and supports more than 28,000 jobs, while protecting consumers from higher energy costs
CHICAGO--(BUSINESS WIRE)--Exelon Generation said today that it is preparing to refuel its Byron and Dresden nuclear plants as a result of the action taken by the Illinois legislature to enact a comprehensive energy bill. Once signed by the Governor, the legislation will strengthen Illinois’ clean energy leadership, protect the state’s economy by preserving tens of thousands of jobs and prevent an increase in pollution and energy costs that would harm consumers if the plants closed.
“We commend the Governor, the General Assembly, our partners at IBEW Local 15 and the coalition of labor leaders and members who worked so hard to pass this roadmap for rebuilding our economy and addressing the climate crisis by investing in clean energy in a way that ensures that jobs and environmental benefits are shared equitably,” said Christopher Crane, president and CEO of Exelon. “This new policy offers a better future for the employees who have run these plants at world-class levels, the plant communities that we are privileged to serve and all Illinoisans eager to build a clean-energy economy that works for everyone.”
The legislation promotes jobs and lowers carbon emissions by scaling up renewables, investing in electrification and adopting critical job training programs and labor standards. It also creates a process for the state to procure carbon mitigation credits from nuclear plants, which are critical to keeping Illinois on a path to reach net zero emissions by 2050. The bill will mitigate widely acknowledged flaws in regional energy markets and compensate nuclear plants for their clean-energy benefits in much the same way that wind and solar are compensated today. It also will put the state on a path to 100 percent clean energy at a fraction of the cost of achieving the same goal with only renewables.
More than 60 percent of Illinois’ electricity consumption and approximately 90 percent of its carbon-free energy comes from Exelon Generation’s six nuclear plants in Illinois. Studies have shown that when nuclear plants close, plants that burn fossil fuels operate much more often, increasing harmful carbon and air pollution, especially in disadvantaged communities.
Dresden Generating Station, located in Morris, Ill., was slated to retire in November and the Byron Generating Station, located just outside Byron, Ill., was scheduled to begin the defueling process and permanent shut down starting today. Despite being among the safest, most efficient and reliable units in the nation’s nuclear fleet, Dresden and Byron face revenue shortfalls in the hundreds of millions of dollars because of energy market rules that allow fossil fuel plants to underbid clean resources in regional electricity markets.
In addition to Byron and Dresden, the legislation creates an opportunity to preserve the Braidwood nuclear plant, which also is economically challenged and at imminent risk of premature retirement. The LaSalle nuclear plant also will remain operating for the five-year duration of the carbon mitigation credit program.
By supporting these always-on, zero carbon nuclear plants, the legislation ensures that Illinois stays on track to meet its climate goals at the lowest cost to consumers. Byron alone generates 30 percent more clean energy than comes from all the solar and wind ever built in Illinois. An analysis by an independent consulting firm found that it would take $29 billion – or more than $6 per month for every Illinois household over the next 25 years – to replace just Byron’s carbon-free energy with renewable sources, much less reach 100 percent clean.
In January 2019, the state committed to reducing greenhouse gas emissions consistent with the targets set in the Paris climate agreement. Emissions-free energy from the four nuclear plants puts the state 85 percent toward the 2025 goal versus 20 percent had they retired prematurely and been replaced by polluting resources.
Once the legislation is signed into law, Exelon Generation will move to immediately fill hundreds of vacant positions and resume capital projects required for long-term operation. The company also will alert the Nuclear Regulatory Commission and PJM of the decision to keep the plants operating.
Additional background on the plants:
About Exelon Generation
Exelon Generation, a subsidiary of Exelon Corporation (Nasdaq: EXC), is the nation’s largest producer of carbon-free energy, powering more than 20 million homes and businesses through a diverse generation fleet with approximately 30,000 megawatts of capacity. Exelon Generation owns and operates the largest U.S. fleet of zero-carbon nuclear plants with more than 17,800 megawatts from 21 reactors at 12 facilities in Illinois, Maryland, New York and Pennsylvania. It also owns and operates a diverse mix of wind, solar, hydroelectric, natural gas and oil facilities in 18 states with approximately 12,000 megawatts. Exelon Generation sets the standard for world-class power plant operations that produce clean, safe, reliable electricity, and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel or visit exeloncorp.com.
Paul Adams
Corporate Communications
410-470-4167
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SAN ANTONIO--(BUSINESS WIRE)--$vctr #ESG--Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that its wholly owned operating subsidiary Victory Capital Management Inc. has reached a definitive agreement to acquire 100% of New Energy Capital Partners (“NEC”).
NEC will become Victory Capital’s 11th Investment Franchise and represents the Company’s first Franchise focusing exclusively on alternative investments. Founded in 2004 and based in Hanover, New Hampshire, NEC is a leading alternative asset management firm focused on debt and equity investments in clean energy infrastructure projects and companies. The transaction is expected to close during the fourth quarter of 2021 and be immediately accretive to Victory Capital’s earnings.
David Brown, Chairman and CEO of Victory Capital, said, “Launching an alternative investment platform creates an additional path for future growth. The same principles that have led to success in our traditional asset management business will guide the strategy for this part of our business. This includes adding autonomous Investment Franchises, with excellent investment performance track records and managing strategies designed to add value to client portfolios. Our operating and distribution infrastructure will support these Investment Franchises to allow them to stay focused on managing assets and serving clients.
“NEC perfectly embodies all of the characteristics we seek, and we particularly like their specialization in clean and renewable energy, which is a fast-growing market segment.”
With four active private closed-end funds, NEC is invested across both debt and equity instruments and has a diverse investor base of limited partners representing a mix of institutional investors including endowments, foundations, insurance companies, pension plans, health systems, government entities and family offices. With a broadly diversified portfolio of projects, spanning multiple energy markets and geographic jurisdictions, NEC generates returns that are uncorrelated with commodity exposure and traditional energy investments. NEC’s investment process will be unchanged and allow for continued long-term investment excellence.
“We are very excited to be partnering with an industry leader—Victory Capital—to enhance operating support and accelerate our growth trajectory,” said Scott Brown, Founder and CEO of NEC. “Following the transaction’s close, we look forward to benefiting from Victory Capital’s well-established distribution capabilities.
“Since we launched our first fund 17 years ago, the clean energy sector has substantially matured. Technology advancements have led to material declines in production costs and the industry’s economics have now reached a tipping point. This—coupled with increasing attention on climate change and rapidly evolving government standards—bodes well for solar, wind, and hydro technologies to increase their respective shares of the growing electrical generation market.”
In 2020, projects funded by NEC offset more than 4.4 million metric tons of carbon dioxide equivalents. This greenhouse gas abatement equates to planting more than 73 million trees.
Closing is subject to customary approvals, conditions and consents. BofA Securities is serving as financial advisor to Victory Capital, and Willkie Farr & Gallagher LLP is serving as legal advisor to Victory Capital. UBS is serving as financial advisor to NEC, and Choate Hall & Stewart LLP is serving as NEC’s legal advisor.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “assume,” “budget,” “continue,” “estimate,” “future,” “objective,” “outlook,” “plan,” “potential,” “predict,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Victory Capital’s control such as the COVID-19 pandemic and its effect on our business, operations and financial results going forward, as discussed in Victory Capital’s filings with the SEC, that could cause Victory Capital’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements.
Although it is not possible to identify all such risks and factors, they include, among others, the following: reductions in AUM based on investment performance, client withdrawals, difficult market conditions and other factors such as a pandemic; the nature of the Company’s contracts and investment advisory agreements; the Company’s ability to maintain historical returns and sustain its historical growth; the Company’s dependence on third parties to market its strategies and provide products or services for the operation of its business; the Company’s ability to retain key investment professionals or members of its senior management team; the Company’s reliance on the technology systems supporting its operations; the Company’s ability to successfully acquire and integrate new companies; the concentration of the Company’s investments in long-only small- and mid-cap equity and U.S. clients; risks and uncertainties associated with non-U.S. investments; the Company’s efforts to establish and develop new teams and strategies; the ability of the Company’s investment teams to identify appropriate investment opportunities; the Company’s ability to limit employee misconduct; the Company’s ability to meet the guidelines set by its clients; the Company’s exposure to potential litigation (including administrative or tax proceedings) or regulatory actions; the Company’s ability to implement effective information and cyber security policies, procedures and capabilities; the Company’s substantial indebtedness; the potential impairment of the Company’s goodwill and intangible assets; disruption to the operations of third parties whose functions are integral to the Company’s ETF platform; the Company’s determination that Victory Capital is not required to register as an "investment company" under the 1940 Act; the fluctuation of the Company’s expenses; the Company’s ability to respond to recent trends in the investment management industry; the level of regulation on investment management firms and the Company’s ability to respond to regulatory developments; the competitiveness of the investment management industry; the dual class structure of the Company’s common stock; the level of control over the Company retained by Crestview GP; the Company’s status as an emerging growth company and a controlled company; and other risks and factors listed under "Risk Factors" and elsewhere in the Company’s filings with the SEC.
Such forward-looking statements are based on numerous assumptions regarding Victory Capital’s present and future business strategies and the environment in which it will operate in the future. Any forward-looking statement made in this press release speaks only as of the date hereof. Except as required by law, Victory Capital assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.
About Victory Capital
Victory Capital is a diversified global asset management firm with $162.9 billion in assets under management as of July 31, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 10 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan.
For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn
About New Energy Capital
New Energy Capital is a leading alternative asset management firm which invests across the capital structures of small-and mid-sized clean energy infrastructure projects and companies.
Founded in 2004 and headquartered in Hanover, New Hampshire, NEC was one of the first investors to focus on clean energy and infrastructure assets. NEC has delivered a 17-year track record of strong performance on behalf of investors by focusing on real assets which generate stable cash flows based on long-term contracts with utilities and other creditworthy counterparties.
NEC has participated in transactions totaling more than $3 billion in total asset value. The investment team has extensive experience in all aspects of clean infrastructure investing, including evaluating energy markets, projects, and technologies; developing and financing domestic and international power generation, fuels, wastewater management, and distributed generation facilities; founding and managing renewable energy companies; and understanding the public policies that currently shape the landscape for the energy and related infrastructure markets.
Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
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Media:
Tricia Ross
310-622-8226
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