HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today that it won a contract to provide Production Chemicals and Associated Services for a large IOC in Oman. Under the seven-year contract, Halliburton will supply a full suite of customized products along with specialized services to support the in-field chemical treatments.
“We are excited to provide our production chemical expertise and management services to help our customer maximize their asset value in Oman,” said Miguel Gonzalez, vice president of Halliburton Multi-Chem. “This collaboration aims to improve operational efficiencies and reliability by applying tailored solutions and close alignment between parties.”
Halliburton’s facilities in Oman will support the project. Additionally, Halliburton will manufacture key raw materials for the contract’s portfolio at the new Halliburton Saudi Chemical Reaction Plant. Opening at the end of 2021, the facility increases Halliburton’s capabilities to support Oman and the region. The Company also expects to hire and develop local personnel to deliver the contract’s scope of work.
The plant will have capabilities to manufacture a broad slate of chemicals for stimulation, production, midstream, and downstream engineered treatment programs. Halliburton’s global laboratory and team in Dhahran Techno Valley and local manufacturing uniquely position the Company to accelerate the production of next generation specialty chemical solutions while developing local employees and capabilities.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir — from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Halliburton, Investor Relations
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281-871-2688
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Emily Mir
Public Relations
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281-871-2601
New task order continues delivery of comprehensive space data and opens availability to all U.S. Government-funded researchers and federal agencies
VIENNA, Va. & RESTON, Va.--(BUSINESS WIRE)--Spire Global, Inc. (“Spire” or “the Company”), a leading global provider of space-based data and analytics, has announced the continuation of its participation in NASA’s Commercial Smallsat Data Acquisition (CSDA) Program with a six-million-dollar contract extension. The contract continuation, Task Order 6 (TO6), is a subscription data solution that includes radio occultation (RO) data, grazing angle GNSS-RO, total electron content (TEC) data, precise orbit determination (POD) data, soil moisture and ocean surface wind speed GNSS-Reflectometry data, and magnetometer data. This data will be available to all federal agencies, NASA-funded researchers and, more broadly, to all U.S. Government-funded researchers for scientific purposes.
Under CSDA Program TO6, Spire will deliver a comprehensive catalog of data, associated metadata, and ancillary information from its Earth-orbiting small-satellite constellation. The Company operates its constellation in low Earth and collects upwards of 10,000 radio occultations per day with consistent global coverage. For TO6, Spire will provide rolling access to 12 months of radio occultation data with a 30-day latency. This data will be archived and maintained by NASA under the CSDA Program’s SmallSat Data Explorer (SDX) database.
“Programs like CSDA highlight the incredible potential of private-public partnerships in the federal government to drastically accelerate our ability to confront some of the greatest challenges of our time, such as climate change,” said Peter Platzer, CEO of Spire. “With the end-user license agreements, our data is now available to all federal agencies and the larger NASA scientific community to help support Earth observation research across fields.”
The program includes end-user license agreements (EULAs) to enable broad levels of dissemination and shareability. All federal agencies and U.S. Government-funded researchers will have access to Spire’s data for scientific purposes under TO6 and will be able to request access to the data via the CSDA Program’s Commercial Datasets webpage.
“At NASA, the CSDA Program has continued to blossom as a valuable resource to our team for our Earth observation research and analysis. We are committed to growing the program as well as continuing the work we have started,” said Will McCarty, Project Scientist at the CSDA Program and Research Meteorologist at NASA Global Modeling and Assimilation Office. “Spire has been a valued partner through CSDA’s development since its inception, and with this additional task order, we are excited about the new insights and results that will come not only from within NASA but also through broader collaboration through the domestic government scientific community.”
NASA has used Spire data in its research regarding water and sea ice levels in the polar regions, the height of the Planetary Boundary Layer (PBL), and the day-to-day variability of thermospheric density at flight level. NASA also noted that Spire data has shown positive benefit to its GEOS Atmospheric Data Assimilation System, which uses space-based data to analyze the Earth’s atmosphere and assimilate the data into its Earth observation systems. As one of the original vendors for the CSDA Program, Spire provides NASA yearly updates to the scope of work under this agreement to ensure alignment of data to the agency’s needs.
About Spire Global, Inc.
Spire is a global provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from the ultimate vantage point so organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, CA, Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. On March 1, 2021 Spire announced plans to go public through an anticipated business combination with NavSight Holdings, Inc. (NYSE: NSH), to be traded on the NYSE under the ticker symbol “SPIR.”
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NavSight was organized with the opportunity to pursue a business combination target in any business or industry, with the intent to focus its search on identifying a prospective target business that provides expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.
Additional Information and Where to Find It
In connection with the planned business combination with Spire (the “Proposed Transaction”), NavSight has filed a Form S-4 Registration Statement (the “Registration Statement”) with the SEC, which includes a preliminary proxy statement to be distributed to holders of NavSight’s common stock in connection with NavSight’s solicitation of proxies for the vote by NavSight’s stockholders with respect to the Proposed Transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to the Company’s stockholders in connection with the Proposed Transaction, and an information statement to Company’s stockholders regarding the Proposed Transaction. After the Registration Statement is declared effective, NavSight will mail a definitive proxy statement/prospectus, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they will contain important information about NavSight, the Company and the Proposed Transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by NavSight through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA 20191.
Participants in Solicitation
NavSight and the Company and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transaction. Information about the directors and executive officers of NavSight is set forth in its Form 10-K/A and 10Q filed on May 12, 2021 and May 24, 2021, respectively. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in the Registration Statement and other relevant materials filed with the SEC regarding the Proposed Transaction. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the Proposed Transaction. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expectations of accelerating Spire’s sales and marketing efforts, expectations of product development and the applicability of such products to Spire’s market, the strengthening of Spire’s competitive advantage, the importance of Spire’s products and capabilities to Spire’s target markets, the expansion of Spire’s business to new regions and markets, Spire’s future growth, estimates and forecasts of financial and performance metrics, expectations of achieving and maintaining profitability, projections of total addressable markets, market opportunity and market share, revenue derived from the NASA contract and results of the NASA partnership, the net proceeds from the Proposed Transactions, potential benefits of the Proposed Transaction and the potential success of the Company’s market and growth strategies, and expectations related to the terms and timing of the Proposed Transaction. These statements are based on various assumptions and on the current expectations of NavSight’s and the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of NavSight and the Company. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the risk that the Proposed Transaction may not be completed in a timely manner or at all, which may adversely affect the price of NavSight's securities; (ii) the risk that the Proposed Transaction may not be completed by NavSight's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NavSight; (iii) the failure to satisfy the conditions to the consummation of the Proposed Transaction, including the approval of the Proposed Transaction by the stockholders of NavSight, the satisfaction of the minimum trust account amount following any redemptions by NavSight's public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the inability to complete the PIPE investment in connection with the Proposed Transaction; (v) the failure to realize the anticipated benefits of the Proposed Transaction; (vi) the effect of the announcement or pendency of the Proposed Transaction on Spire’s business relationships, performance, and business generally; (vii) risks that the Proposed Transaction disrupts current plans of Spire and potential difficulties in Spire employee retention as a result of the Proposed Transaction; (viii) the outcome of any legal proceedings that may be instituted against NavSight or Spire related to the business combination agreement or the Proposed Transaction; (ix) the ability to maintain the listing of NavSight’s securities on the New York Stock Exchange; (x) the ability to address the market opportunity for Space-as-a-Service; (xi) the risk that the Proposed Transaction may not generate expected net proceeds to the combined company; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Proposed Transaction, and identify and realize additional opportunities; (xiii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xiv) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive space data analytics industry; and those factors discussed in NavSight’s Form S-4/A filed on June 25, 2021 under the heading “Risk Factors,” and other documents of NavSight filed, or to be filed, with the SEC. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither NavSight nor the Company presently know or that NavSight and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect NavSight’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. NavSight and the Company anticipate that subsequent events and developments will cause NavSight’s and the Company’s assessments to change. However, while NavSight and the Company may elect to update these forward-looking statements at some point in the future, NavSight and the Company specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing NavSight’s and the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
For Spire Global, Inc.:
Hillary Yaffe
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For NavSight Holdings, Inc.:
Jack Pearlstein
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SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS), a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles, today announced it will release 2021 second quarter financial results after market close on Tuesday, July 27, 2021. This will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participating on the call will be Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, of QuantumScape.
Starting today, retail and institutional shareholders can submit and upvote questions to management. To submit questions, please visit this online platform (https://app.saytechnologies.com/quantumscape-2021-q2); shareholders at brokers with Say can participate directly in their investing app or broker website. We will accept questions for the Q&A platform until Monday, July 26 at 5:00 PM (Eastern Time).
The call will be accessible via a live webcast on the IR Events Calendar page in the Investor Relations section of QuantumScape’s website at www.quantumscape.com. An archive of the webcast will be available shortly after the call for 12 months.
About QuantumScape Corporation
QuantumScape is a leader in developing next generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future.
For more information, please visit www.quantumscape.com.
For Investors
John Saager, CFA
Head of Investor Relations
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Icelandair to pursue full decarbonization of its domestic fleet with Universal Hydrogen’s fuel cell powertrain and hydrogen network
LOS ANGELES--(BUSINESS WIRE)--#FIAConnect--Universal Hydrogen, the company fueling carbon-free flight, today announced it has signed a letter of intent (LOI) with Icelandair Group, the leading airline in Iceland. Icelandair and Universal Hydrogen will pursue the implementation of green hydrogen, a carbon-free aviation fuel, as a propellant for Icelandair’s domestic aircraft fleet. Universal Hydrogen is enabling this transformation with its aftermarket hydrogen conversion kit for regional aircraft, as well as a fuel distribution system based on a unique modular hydrogen capsule technology.
The companies share the goal of eliminating aviation’s carbon footprint. Icelandair recognizes the critical need for a near-term solution to decarbonizing its fleet to meet global carbon reduction targets. For Universal Hydrogen and Icelandair, this LOI is the first step of an ambitious multilateral initiative, which requires working with Icelandic hydrogen producers, transportation companies, and airports. In a country with an electricity network powered by renewable energy, this represents an opportunity to decarbonize one of the most challenging industries – aviation.
“Icelandair sets the standard high for responsible aviation, we are committed to reducing our carbon emissions and believe we are in a good position to become one of the world’s first airlines to fully decarbonize our domestic network,” said Bogi Nils Bogason, President and CEO of Icelandair Group. “Universal Hydrogen’s work across both fuel logistics and services as well as aircraft conversions would allow us to accelerate our pursuit of a fully decarbonized domestic fleet and we’re thrilled about the option to be an early adopter, that could bring hydrogen-powered Dash 8s to our skies in the next several years.”
Given a positive outcome of the project and upon completion of the Dash 8 conversions of the Icelandair domestic fleet, Universal Hydrogen and Icelandair would enter into a long-term fuel services contract to provide cost-effective green hydrogen for Icelandair’s fleet at scale. The net outcome of this relationship is to realize operational efficiencies as sustainability objectives are achieved.
“We are excited for this partnership with Icelandair as it represents an early opportunity to build an entirely carbon-free aviation ecosystem,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “Iceland’s abundance of geothermal and hydroelectric power position it perfectly to be an early adopter of green hydrogen for its domestic aviation network.”
About Icelandair
Icelandair is a leading airline in Iceland. Its core business is built around its route network and the unique geographical location of Iceland, its hub and home. Icelandair connects a number of destinations in Europe and North America, serving four markets – to, from, via and within Iceland.
Icelandair is part of Icelandair Group which also operates an airfreight and logistics business, aircraft leasing and consulting services as well as a travel agency focusing on trips from Iceland.
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Kate Gundry
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617.797.5174
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct its regular monthly meeting virtually on Tuesday, July 20, at 9:15 a.m., via WebEx webinar. The Audit Committee is scheduled to meet on July 27 at 10:00 a.m.
The agendas and the instructions to access virtual meetings are made available at
https://porthouston.com/leadership/public-meetings/
Sign up for public comment is available up to an hour before these Port Commission meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
Currently, the Port Authority Executive Office Building is closed to the general public at this time. Texas Governor Abbott’s action of March 16, 2020 allows virtual and telephonic open meetings to maintain government transparency.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/
Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC) (“NextGen”), on Tuesday, July 13, 2021 at 11 a.m. Eastern Time participated in an ICR De-SPAC webinar hosted by Wedbush Securities Managing Director and Technology Analyst Dan Ives, and today shared a replay of the webcast.
Topics of discussion during the webinar included:
Additionally, the webcast included a live Q&A session.
To watch the replay of the event, please CLICK HERE.
Xos expects to close its previously announced business combination with NextGen in the third quarter of 2021.
About Xos, Inc.
Xos, Inc. is an electric mobility company dedicated to making fleets more efficient. Xos designs and develops fully electric battery mobility systems specifically for commercial fleets. The company’s primary focus is on medium- and heavy-duty commercial vehicles that travel on “last mile” routes (i.e. predictable routes that are less than 200 miles per day). The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine and commercial EV counterparts. For more information, please visit www.xostrucks.com.
About NextGen
NextGen Acquisition Corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NextGen is led by George Mattson, a former Partner at Goldman, Sachs & Co., and Gregory Summe, former Chairman and CEO of Perkin Elmer and Vice Chairman of the Carlyle Group. NextGen is listed on NASDAQ under the ticker symbol "NGAC." For more information, please visit www.nextgenacq.com.
IMPORTANT LEGAL INFORMATION
Additional Information and Where to Find It
This document relates to a proposed transaction between Xos and NextGen. This document is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. In connection with the proposed transaction, NextGen initially filed a registration statement on Form S-4 with the SEC on May 14, 2021, which includes a document that serves as a prospectus and proxy statement of NextGen (the “proxy statement/prospectus”). The proxy statement/prospectus will be sent to all NextGen shareholders. NextGen also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of NextGen are urged to read the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders may obtain free copies of the registration statement, the proxy statement/prospectus included therein and all other relevant documents filed or that will be filed with the SEC by NextGen through the website maintained by the SEC at www.sec.gov. The documents filed by NextGen with the SEC also may be obtained free of charge at NextGen’s website at https://www.nextgenacq.com/nextgen-i.html or upon written request to 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431.
Participants in the Solicitation
NextGen and Xos and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from NextGen’s shareholders in connection with the proposed transaction. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus. You may obtain a free copy of this document as described in the preceding paragraph.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Xos and NextGen, including statements regarding the anticipated timing of the transaction and the products, customers and markets of Xos. 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,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of NextGen’s securities, (ii) the risk that the transaction may not be completed by NextGen’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NextGen, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Merger Agreement by the shareholders of NextGen, the availability of the minimum amount of cash available in the trust account in which substantially all of the proceeds of NextGen's initial public offering and private placements of its warrants have been deposited following redemptions by NextGen’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Xos’s business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Xos and potential difficulties in Xos employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Xos or against NextGen related to the Merger Agreement or the proposed transaction, (x) the ability to maintain the listing of NextGen’s securities on a national securities exchange, (xi) the price of NextGen’s securities may be volatile due to a variety of factors, including changes in the seven competitive and regulated industries in which NextGen plans to operate or Xos operates, variations in operating performance across competitors, changes in laws and regulations affecting NextGen’s or Xos’ business, Xos’ inability to implement its business plan or meet or exceed its financial projections and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of NextGen’s registration statement on Form S-1 (File No. 333-248921), the registration statement on Form S-4 discussed above, the proxy statement/prospectus and other documents filed or that may be filed by NextGen from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward looking statements, and Xos and NextGen assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Xos nor NextGen gives any assurance that either Xos or NextGen, or the combined company, will achieve its expectations.
Xos Investor Relations
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Xos Media Relations
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NextGen
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CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (“ChargePoint” or the “Company”) (NYSE:CHPT), a leading electric vehicle ("EV") charging network, announced today the pricing of its previously announced underwritten secondary offering of 12,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), by certain stockholders of the Company (the “Selling Stockholders”), at a public offering price of $23.50 per share. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The offering is expected to close on or about July 19, 2021, subject to the satisfaction of customary closing conditions.
The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of Common Stock from the Selling Stockholders at the public offering price, less underwriting discounts and commissions.
BofA Securities, Goldman Sachs & Co. LLC and Oppenheimer & Co. are acting as joint lead book-running managers for this offering and as representatives of the underwriters for the offering. Morgan Stanley is also acting as book-running manager for the offering. Citigroup, D.A. Davidson & Co., HSBC, Roth Capital Partners and Wolfe I Nomura Strategic Alliance are acting as co-managers for the offering.
A registration statement (including a prospectus) relating to the offering of Common Stock has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”). You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the final prospectus related to the offering may also be obtained from: BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282; or Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
The offering of these securities will be made only by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
“Wolfe I Nomura Strategic Alliance” is the marketing name used by Wolfe Research Securities and Nomura Securities International, Inc. in connection with certain equity capital markets activities conducted jointly by the firms. For these activities, Nomura serves as the underwriter, placement agent, or initial purchaser (as applicable) and Wolfe Research Securities provides sales support services, investor education, and/or independent equity research services.
About ChargePoint Holdings, Inc.
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements, including statements regarding the offering. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words.
The forward-looking statements contained in this press release are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions and the following: we are an early stage company with a history of losses, and expect to incur significant expenses and continuing losses for the near term; we may fail to grow effectively; we face competition from a number of companies and expect to face significant competition in the future; we may fail to effectively expand our sales and marketing capabilities; we face risks related to health pandemics, including the COVID-19 pandemic; we rely on a limited number of suppliers and manufacturers for our charging stations; our business is subject to risks associated with construction, cost overruns and delays; future acquisitions or strategic investments could be difficult to identify and integrate, divert the attention of key management personnel, disrupt our business and dilute stockholder value; we may be unable to attract and retain key employees and hire qualified management, technical, engineering and sales personnel; we are expanding operations internationally, which will expose us to additional tax, compliance, market and other risks; some members of our management have limited experience in operating a public company; we may need to raise additional funds and these funds may not be available when needed; our future revenue growth will depend on our ability to increase sales of our products and services; we are vulnerable to possible computer malware, viruses, ransomware, hacking, phishing attacks and similar disruptions; our headquarters and other facilities are located in an active earthquake zone; seasonality may cause fluctuations in our revenue; our future growth and success is correlated with and dependent upon the continuing rapid adoption of EVs for passenger and fleet applications; the EV market benefits from the availability of rebates, tax credits and other financial incentives from governments, utilities and others to offset the purchase or operating costs; we may be unable to protect our technology and intellectual property from unauthorized use by third-parties; some of our products contain open-source software, which may pose particular risks to our proprietary software, products and services; we may be unable to remediate our material weaknesses or internal control over financial reporting; the concentration of ownership among our existing executive officers, directors and their affiliates may prevent new investors from influencing significant corporate decisions; we have never paid cash dividends on our capital stock and do not anticipate paying dividends in the foreseeable future; the price of our Common Stock may be subject to wide fluctuations; the coverage of our business or our securities by securities or industry analysts or the absence thereof could adversely affect the trading price and volume of our Common Stock and other securities; sales of a substantial number of shares of our Common Stock by our existing stockholders could cause the price of the Common Stock to decline; our warrants accounted for as a warrant liability; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations at home, at work and on-route; our current dependence on sales of charging stations for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions; our ability to expand internationally; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; and the risk that our technology could have undetected defects or errors.
Although we have attempted to identify important risk factors, there may be other risk factors not presently known to us or that we presently believe are not material that could cause actual results and developments to differ materially from those made in or suggested by the forward-looking statements contained in this press release. If any of these risks materialize, or if any of the above assumptions underlying forward-looking statements prove incorrect, actual results and developments may differ materially from those made in or suggested by the forward-looking statements contained in this press release.
Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should be viewed as historical data.
CHPT-IR
For more information, contact:
Investor Relations
Patrick Hamer
VP, Capital Markets and Investor Relations
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Press
Olivia Marcinka
Communications Specialist
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SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) will release its second-quarter financial results after market hours on Thursday, July 29, 2021, and will host a conference call that day beginning at 1:30 p.m. Pacific time.
Members of the investment community can register for the call by visiting the following link: http://www.directeventreg.com/registration/event/8646289. Live and archived audio webcasts of the conference call will be available on the company’s website at https://investors.power.com.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.
Joe Shiffler
(408) 414-8528
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Superior to acquire one of the largest independent propane distribution platforms in California
TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that one of its wholly-owned subsidiaries has entered into an agreement to acquire the equity interests of Kamps Propane, Inc., High Country Propane, Inc., Pick Up Propane, Inc., Kiva Energy, Inc., Competitive Capital, Inc. and Propane Construction and Meter Services (collectively, “Kamps”) for an aggregate purchase price of approximately US $240 million (CDN $299 million) before adjustments for working capital (the “Acquisition”). Superior anticipates drawing on its credit facility to fund the amount of the purchase price due on closing.
The Acquisition, which is subject to customary regulatory and commercial closing conditions, is anticipated to close during the third quarter of 2021.
Acquisition Highlights
Founded in 1969 by John Kamps, Kamps is an established independent family owned and operated retail and wholesale propane distributor based in California servicing approximately 45,000 residential, commercial and wholesale customers. Kamps has 14 retail branch offices, 5 company-operated rail terminals, over 375 vehicles and approximately 280 employees.
During the year ended December 31, 2020, Kamps earned approximately US $27 million (CDN $34 million) in Adjusted EBITDA. On a normalized basis, including the achievement of expected synergies and weather consistent with the five-year average, we expect Kamps to generate approximately US $34 million (CDN $42 million) in Adjusted EBITDA on a run-rate basis 24 months following the close of the Acquisition. Superior anticipates updating its 2021 Adjusted EBITDA guidance concurrently with the release of its Q2 2021 financial results.
“We are very pleased to enter into this transaction which expands our U.S. propane distribution business in California,” said Luc Desjardins, Superior’s President and CEO. “John Kamps has built a great business and we look forward to welcoming the Kamps employees to Superior and continuing to provide outstanding customer service to their customers. The acquisition of Kamps is our sixth acquisition in 2021 and moves us further towards the Superior Way Forward acquisition target of $1.9 billion. The acquisition of Kamps also establishes a large operating platform in the Western U.S. and California to continue making accretive acquisitions and generating synergies.”
About Superior
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “approximately”, "anticipated”, “will”, “expects” and similar expressions. In particular, this news release contains forward-looking statements with respect to, among other things, the successful completion of the Acquisition and the timing thereof; expected benefits of the acquisition, expectations related to increased opportunities for synergy realization with future acquisitions in California, estimated run-rate Adjusted EBITDA of the Acquisition twenty-four months after closing and the anticipated synergies.
Forward-looking information is not a guarantee of future performance. By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information will not be achieved, including risks relating to satisfaction of the conditions to, and completion of, the Acquisition, risks relating to the operating and financial performance of the Energy Distribution business which are described in Superior’s Annual management discussion and analysis for the year ended December 31, 2020 and in Superior’s current annual information form for the fiscal year ended December 31, 2020. Key assumptions or risk factors to the forward-looking information include, but are not limited to, financial market conditions, Superior’s future debt levels, Superior’s ability to generate sufficient cash flows from operations to meet its current and future obligations, access to, and terms of, future sources of funding for Superior’s capital expenditures and acquisitions, the integration of businesses into Superior’s operations, competitive action by other companies, availability and timing of acquisition targets, actions by governmental authorities including increases in taxes and changes in environmental and other regulations, general economic, market and business conditions, accuracy of and ability to realize estimated synergies, timing to achieve synergies, the regulatory framework that governs the operations of Superior’s business and industry capacity. Should one or more of these risks and uncertainties materialize, or should assumptions described above prove incorrect, Superior's actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information.
Forward-looking information contained in this news release is provided for the purpose of providing information about management's goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.
Non-GAAP Financial Measures
In this press release, Superior has used the following term that is not defined by International Financial Reporting Standards (“Non-GAAP Financial Measures”), but is used by management to evaluate the performance of Superior and its business: Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). This measure may also be used by investors, financial institutions and credit rating agencies to assess Superior’s performance and ability to service debt. Non-GAAP financial measures do not have standardized meanings prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other companies. Securities regulations require that Non-GAAP financial measures are clearly defined, qualified and reconciled to their most comparable GAAP financial measures. Except as otherwise indicated, these Non-GAAP financial measures are calculated and disclosed on a consistent basis from period to period. Specific items may only be relevant in certain periods. See “Non-GAAP Financial Measures” in Superior’s most recent Management Discussion and Analysis (“MD&A”) for a discussion of Non-GAAP financial measures and certain reconciliations to GAAP financial measures.
The intent of Non-GAAP financial measures is to provide additional useful information to investors and analysts, and the measures do not have any standardized meaning under IFRS. The measures should not, therefore, be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Other issuers may calculate Non-GAAP financial measures differently. Investors should be cautioned that Adjusted EBITDA should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Superior’s performance. Non-GAAP financial measures are identified and defined as follows:
Adjusted EBITDA
Adjusted EBITDA represents earnings before interest, taxes, depreciation, amortization, losses (gains) on disposal of assets, finance expense, restructuring costs, transaction and other costs, and unrealized gains (losses) on derivative financial instruments. Adjusted EBITDA is used by Superior and investors to assess its consolidated results and ability to service debt. Adjusted EBITDA is reconciled to net earnings before income taxes.
Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran, Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587).
LOS ANGELES--(BUSINESS WIRE)--#FIAConnect--Universal Hydrogen, the company fueling carbon-free flight, today announced it has signed a letter of intent (LOI) with Air Nostrum, a leading regional airline based in Valencia, Spain. This LOI furthers Air Nostrum’s initiative to provide its customers with environmentally-friendly flight options and reduce aviation’s contribution to global carbon emissions.
Under the agreement, Air Nostrum would purchase eleven of Universal Hydrogen’s turboprop conversion kits for use across its existing and future fleet. These kits encompass a hydrogen fuel cell and electric motor that replaces the aircraft’s existing turboprop engine. They also provide for compatibility with Universal Hydrogen’s modular hydrogen capsule technology that allows for the delivery of hydrogen to any airport without any purpose-built infrastructure. Alongside the aircraft conversions, Universal Hydrogen would become Air Nostrum’s long-term green hydrogen service provider. The conversion of Air Nostrum’s turboprop fleet to a Universal Hydrogen-powered, zero-carbon configuration would be concluded after an operational evaluation of the design and performance. The aircraft are expected to have equivalent or better unit economics compared to the existing fleet.
“We are thrilled by this flagship partnership with Air Nostrum to help decarbonize their fleet,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “This bold step puts them in the vanguard of European regional airlines in taking meaningful action to reach true zero emissions.”
Over the past two decades, Air Nostrum has consistently prioritized environmental responsibility by reducing single-use plastics from in-flight services, separation of waste on its premises and on-board, and planting trees to offset their paper consumption. Universal Hydrogen’s carbon-free aviation solutions will significantly advance Air Nostrum’s sustainability goals while also providing operational efficiencies.
“Each day, our airline explores innovative solutions to provide a travel experience with minimal adverse impact on the environment,” says Carlos Bertomeu, President and CEO of Air Nostrum. “This partnership represents a unique opportunity to advance on the decarbonization of our flight operations with the practical and cost-effective application of green hydrogen fuel.”
About Air Nostrum
Air Nostrum is, with 75,000 flights and more than 5.2 annual passengers, Spain’s leading regional aviation company and one of the largest European airlines in its class. It operates for the Iberia Group under the Iberia Regional Air Nostrum brand, invoices 500 million euros and has more than 1,400 employees. Since 1994, Air Nostrum has transported more than 90 million passengers on two million flights.
Air Nostrum has, thanks to its first-rate management, high service quality and renowned prestige, been awarded a number of important sector awards. It is, for example, the only European regional aviation company to have ever won the ERA (European Regions Airline Association) Airline of the Year Award on eight different occasions, six gold and two bronze, the last of which was presented to the Company in October, 2019.
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Kate Gundry
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617-797-5174
Over 200 cutting-edge products and research achievements focused on human-centered Society 5.0 of the future
TOKYO--(BUSINESS WIRE)--The Government of Japan’s Cabinet Office announced that it will organize the Society 5.0 Expo jointly with the Japan Agency for Marine-Earth Science and Technology (JAMSTEC) from 15 July at TOKYO SKYTREE TOWN® in Tokyo, Japan. This is expected to be Japan’s first major expo to focus on Society 5.0. The expo will also be viewable online with multilingual explanations for the global audience.
The expo will showcase the Society 5.0 concept proposed by the Japanese government as a highly desirable future society. The concept envisions the creation of a human-centered society in which all industries and other areas of society adopt AI, IoT, robots, big data and other innovative technologies to overcome critical challenges. The Cabinet Office’s 6th Science, Technology and Innovation Basic Plan covering fiscal 2021 to 2025 sets forth the direction of science, technology and innovation policies to secure sustainability, resilience and the well-being of diverse individuals.
The expo will present achievements being realized through national projects focused on increasing innovation in society, including the cross-ministerial strategic innovation promotion program (SIP) and the ImPACT program for stimulating high-risk, high-impact R&D. Japan’s scientific and technological aspirations will be conveyed through numerous displays of advanced technologies.
Specifically, some 50 leading Japanese companies, universities and organizations will exhibit approximately 200 products and research achievements that are expected to contribute not only to Society 5.0 but also the UN’s Sustainable Development Goals. The exhibits will cover fields such as mobility, healthcare and caregiving, manufacturing, agriculture, food, disaster prevention and energy, including:
International viewers will be welcome to enjoy the many exhibits viewable online via mobile devices and PCs, supported with explanations available in a number of languages. The organizers will be pleased to present the virtual exhibition as an opportunity for the global community to learn more about Japan’s forward-looking Society 5.0 concept.
Exhibits will be grouped under the follow themes:
Stage 1 Prologue
The opening theme will present a full-scale model of the SHINKAI 6500 research submersible and a Dagik Earth three-dimensional digital globe, etc. Satellite-based technologies that are being deployed on a practical working basis in various sectors also will be introduced.
Stage 2 Science Frontiers—Space and Ocean
Exhibits of Japan's world-class space-exploration technology will include models of the International Space Station, the "Kibo" Japanese Experiment Module, a full-scale rocket engine, and the Hayabusa2 return capsule.
Exhibits of Japan’s ocean exploration and environmental-simulation technology will include autonomous underwater vehicles for exploring hydrothermal vents and ocean-floor resources and advanced solutions for ocean research.
Stage 3 5.0 Society of the Future
Science and technologies developed through Japan’s SIP and ImPACT programs and how they will help to enhance life in five areas: 1) 100-year lifespans, 2) Mobility and social interaction, 3) Infrastructure for more resilient and safer life, 4) Human- and earth-friendly lifestyles and 5) Advanced manufacturing. Exhibits will include automated solutions such as robots, vehicles and drones, disaster-prevention systems such as AI for infrastructure inspections, robotic industrial borescopes, next-generation energy and resources such as ammonia fuel and ocean-floor minerals, and advanced materials such as synthetic spider silk and strong but flexible ultra-thin polymers.
Stage 4 Trajectory toward Society 5.0
The evolution of human civilization will be presented through videos and other visuals portraying Society 1.0 (hunting & gathering), 2.0 (agriculture), 3.0 (industry) and 4.0 (information) as well as 5.0 (at TOKYO SKYTREE® Tembo Galleria, the closest point to space in Tokyo).
Stage 5 Society 5.0 Theater
Films from the Japan Aerospace Exploration Agency (JAXA) and JAMSTEC will be aired. Also, researchers and experts will give presentations about science, oceans, disaster prevention and ICT for advanced technology and innovation.
Please download official images from here.
Outline of Society 5.0 Expo
Organizers |
Cabinet Office and Japan Agency for Marine-Earth Science and Technology (JAMSTEC) |
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Venue |
Exhibition areas within TOKYO SKYTREE TOWN |
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- Pavilion at TOKYO SKYTREE TOWN Sky Arena (4F) |
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- TOKYO SKYTREE TOWN Solamachi Square (1F) |
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- TOKYO SKYTREE Group Floor (1F) |
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- TOKYO SKYTREE Tembo Galleria |
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- TOKYO SKYTREE TOWN campus of Chiba Institute of Technology |
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Dates |
15 July to 5 September 2021 |
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- Physical exhibitions by enterprises (15 July to 19 July) |
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- Physical exhibitions by other organizations (15 July to 28 July) |
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- Sub-exhibition by posters and videos (15 July to 5 September) |
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- Virtual exhibition (17 July to 5 September) with multi-language explanations
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Admission |
Free (Admission to sub-exhibition by ticket, sold at TOKYO SKYTREE Tembo Galleria) |
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Exhibitors and partners |
Please refer to the list on the official website |
Society 5.0 media inquiries
Weber Shandwick
Mayuko Harada (+81-90-9006-4968)
Rina Uesugi (+81-90-2280-0041)
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SAN FRANCISCO--(BUSINESS WIRE)--#augmentedreality--SightCall, a global leader of augmented reality (AR)-powered visual assistance, today announced it has partnered with Peak Scientific, a leading innovator and global expert in high-performance nitrogen and hydrogen gas generator solutions for use in laboratories around the world. SightCall enables Peak Scientific to deliver its industry-leading Visual Support offering remote technical assistance to customers using their generators, as well as technicians servicing generators in the field.
“We’re excited to partner with Peak Scientific to support their digital transformation,” said Jason Chapman, Sales Director, UK at SightCall. “By helping their experts accurately diagnose and troubleshoot problems in real time, they can minimize service interruptions, resolve issues quickly and efficiently for their customers, and super-charge their already stellar service experience.”
Customers who contact the technical support desk for service questions can now be seamlessly routed to a SightCall video session that is integrated into Peak Scientific’s Zendesk customer service platform. Service agents leverage this remote support capability to triage, diagnose and troubleshoot issues with reliable HD video and a robust AR and AI feature set.
For Peak Scientific, remote diagnosis is a key element of introducing Visual Support using SightCall. If a service issue requires in-person service from a Field Service Engineer (FSE), the insights and documentation from the visual support session ensures correct diagnoses of the problem, as well as ensuring any specialized parts or tools needed to ensure a first-time fix can be ordered and shipped in advance. If the problem is unusual or highly technical, the FSE can use SightCall to connect with a technical specialist while onsite for better support and guidance.
By partnering with SightCall to deliver Visual Support, Peak Scientific has been able to maintain business continuity, improve customer service, and deliver the technology and resources their engineers need to complete their tasks effectively. Adoption and feedback from FSEs and customers have been incredibly positive, with more than 97% of customers that used SightCall saying it was helpful and easy to use, and they would use it again.
Led by these early successes, Peak Scientific is rolling out Visual Support to its global engineer network, working in over 25 countries to deliver direct service to customers all over the world.
“Service is a top priority for Peak Scientific,” said Mike Hughes, Global Service Delivery Manager at Peak Scientific. “Offering Visual Support via the SightCall application will close the distance between us and our global customer base, allowing us to accurately diagnose problems remotely and support on-site technicians. During the test period alone, we’ve achieved a 97% first-time fix rate.”
About Peak Scientific
Peak Scientific is a leading innovator and global expert in high-performance nitrogen and hydrogen gas generator systems for use in laboratories around the world. Rather than using gas cylinders, Peak Scientific customers use their gas generator solutions which are a more cost-effective alternative. While gas cylinders need ongoing delivery, admin and rental costs, gas generators are safer, more energy-efficient and economical. Additionally, service is delivered consistently with on-demand, on-site support. Peak Scientific sells into over 120 countries globally and has offices in the U.S., India, China, Mexico, Brazil, South Africa, France, UAE, Australia and Japan. For more information, visit peakscientific.com.
About SightCall
SightCall is the world’s leading augmented-reality powered video cloud platform, delivering live, remote interactions between business and customers on every continent around the globe. In a connected, mobile-first world, businesses leveraging SightCall have the ability to see what their customers see and guide them remotely. With nearly 15 years of experience in remote video assistance, SightCall helps businesses transform their customer service and field service with the power of augmented reality and live video. The company has offices in San Francisco (HQ), Austin, Boston, Frankfurt, London, Melbourne, Paris and Singapore. Visit sightcall.com to learn more.
Katie Smart
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New Office Demonstrates Company’s Commitment to Regional Customers and Ensures Access to Leading Hardware-Based Cybersecurity Solutions to Protect Critical Infrastructure
COLUMBIA, Md. & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--#CDS--Owl Cyber Defense Solutions (“Owl”), the global market leader in cross domain and network security solutions, today announced the opening of its new regional office, located in Abu Dhabi. The new office, hosted and sponsored by Al Makamin Commercial Projects LLC, part of Sultan International Holding, LLC – (SIH), will house Owl’s in-region field staff that support the company’s growing customer base of oil and gas, petrochemical, power generation, transmission and distribution, nuclear, renewable energy and water/wastewater operators; along with serving government agencies. The office will also feature a Customer Experience Center where customers can see current and future technology and work with the Owl team to conduct live testing of equipment and proof of concept projects to align with specific protocols or requirements prior to installation in a customer’s environment.
“Cybersecurity threats do not know geographical boundaries and we have helped our critical infrastructure customers in this region defend their networks for over a decade,” said Frank Pandolfe, President, International Operations for Owl. “The combination of our experience working with these organizations, coupled with our hardware-based defensive cybersecurity solutions like IXD, the first purpose-built cross domain solution for critical infrastructure network cybersecurity, will help us continue strengthening our existing relationships and reach new customers within the region.”
Owl has more than two decades of experience defending critical infrastructure networks for the U.S. government and critical infrastructure organizations around the world. Most recently, the company launched IXD, a high availability, hardware-enforced cross domain solution that controls, restricts and/or filters one-way and bidirectional data flows both to and from trusted and untrusted domains. Additionally, Owl’s data diode products are trusted by organizations around the world to allow seamless, secure data availability.
“We are grateful to the team at Al Makamin Commercial Projects for serving as Owl Cyber Defense’s host and sponsor in Abu Dhabi,” said Bob Stalick, CEO of Owl. “This new regional office is part of our ongoing expansion plan for the region and a concrete sign of our commitment to our customers, employees and partners in this region and our promise to continue bringing cutting-edge security technologies to the market.”
“Owl’s lengthy role as a technology provider to the region stands for itself, and this new office makes Owl’s team of experts and technology even more accessible,” said Michael Corbin, former U.S. Ambassador to the UAE. “The strength of the Owl technology, proven out in the U.S. over two decades of testing, accreditation and deployment, creates a local presence for a cutting-edge cybersecurity company.”
About Owl
Owl Cyber Defense cross domain, data diode, and portable media solutions provide hardened network security checkpoints for absolute threat prevention and secure data availability. Certified by the U.S. government, independent testing authorities, and international standards bodies, Owl technologies and services help to secure the network edge and enable controlled unidirectional and bidirectional data transfers. For over 20 years, clients worldwide in defense, intelligence, and infrastructure have trusted Owl’s unmatched expertise to protect networks, systems, and devices. Owl is a portfolio company of U.S.-based private equity firm, DC Capital Partners. Learn more at https://owlcyberdefense.com/.
About DC Capital Partners
DC Capital Partners is a private equity investment firm headquartered in the United States with offices in Florida and Virginia. The firm makes control equity investments in companies providing differentiated and innovative solutions in the Government and Engineering markets. The DC Capital team has extensive experience which together spans more than three decades investing in their core markets. Learn more at www.dccp.com.
Owl Cyber Defense:
Christy Pittman
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SAN DIEGO--(BUSINESS WIRE)--UCAP Power Inc., a leading developer of ultracapacitor-based power solutions, today announced the close of a special purpose venture round of funding led by Grantchester C Change.
“I am extremely pleased to have Grantchester invest in UCAP’s strategy and vision for clean and reliable power,” said Gordon Schenk, CEO of UCAP Power. “Grantchester C Change is the perfect partner for UCAP Power given their broad global reach in the Energy sector and their talented base of operating partners.”
“The UCAP Power team have the global network, relationships and industry experience to make our strategic investments a success,” commented Liz Griggs, Managing Partner & CEO of Grantchester C Change. “We believe that UCAP Power is ideally positioned for significant and rapid growth in support of the global transition to electrified vehicles for both commercial and consumer use. By making this investment in UCAP Power, we are underscoring our support for UCAP Power and their outstanding team as they further build the global leadership of UCAP Power in the energy storage industry around the world.”
With the global vehicle electrification and renewable energy expansions, ultracapacitors are ideally suited to support very high bursts of power over extended cycle periods in scenarios that expose typical battery technologies to failure or safety issues. As a leader in this market, UCAP Power is using the proceeds of the funding round to expand production and engineering capabilities, invest in core technologies, and grow the team.
About UCAP Power
San Diego-based UCAP Power provides ultracapacitor-based power solutions across a wide range of renewable markets. Established in 2019, the company was founded by proven leaders in the ultracapacitor market, who had previously held positions in Maxwell Technologies’ leadership and product teams prior to Maxwell’s acquisition in 2019. UCAP Power’s ultracapacitor systems use sustainable based products offering a long-lasting source of reliable high-power energy storage that can help eliminate lead-acid and other hazardous materials in batteries. UCAP Power is a proud portfolio company of EvoNexus, California’s leading nonprofit technology incubator and a member of Southern California Energy Innovation Network (SCEIN). Further information can be found at www.ucappower.com
About Grantchester C Change
Grantchester C Change is an investment management company that is actively involved in the development and execution of industry transformational strategies with world class seasoned industry platform company partners. It strives to create value for investors by harnessing the massive growth potential of industries that are in the midst of major technological change and re-tooling. Grantchester specializes in creating and fostering long term large customer and strategic partner relationships in transformational industries as a way to reduce investor risk and insure significant sales growth for platform companies. Some of the transformational areas Grantchester C Change is investing in include electrification, transportation, and related clean energy infrastructure. Further information can be found at www.grantchestergroup.com
Company: Troy Brandon
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Phone: +1 833 UPOWER 1
Media: Mark Button
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DUBLIN--(BUSINESS WIRE)--The "Lithium-Ion Battery Market with COVID-19 Impact Analysis, by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), Capacity, Voltage, Industry (Consumer Electronics, Automotive, Power, Industrial), & Region (North America, Europe, APAC & RoW) - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global lithium-ion battery market size is projected to grow from USD 41.1 billion in 2021 to USD 116.6 billion by 2030; it is expected to grow at a CAGR of 12.3% from 2021 to 2030.
Lithium Cobalt Oxide (LCO) Battery is expected to hold the largest market share during the forecast period.
The Lithium Cobalt Oxide (LCO) segment held the largest size of the market in 2020. LCO batteries have high energy density and are preferred in the consumer electronics industry, which is a major end-user of the lithium-ion battery market. The Lithium Nickel Manganese Cobalt (Li-NMC) segment is expected to register the highest growth rate during the forecast period. The automotive industry accounts for a substantial portion of the overall lithium-ion battery demand. Electric vehicles require high power, which can only be provided by the NMC battery type. These batteries have a very low self-heating rate and are used in electric vehicle models such as Nissan Leaf, Chevy Volt, and BMW.
The power segment is expected to grow at the highest CAGR during the forecast period.
The lithium-ion battery market for the power segment is expected to grow at the highest CAGR from 2021 to 2030. The need to fulfill the requirement for peak electricity demands is the major factor contributing to the growth of the segment. The flexibility offered by these batteries to the grid in terms of energy storage helps to deal with fluctuations associated with renewable energy sources, such as solar and wind energy, is catalyzing the adoption of lithium-ion battery energy storage systems. Lithium-ion battery energy storage systems enable grid operators to save electricity when there is a surplus of renewable energy. The COVID-19 outbreak has impacted the supply chain of lithium-ion batteries and components. Besides, due to delays in projects, developers are not able to meet the deadlines for claiming tax credits and renewable incentives. However, the market for the utility sector is expected to recover between 2021 and 2022 with the start of ongoing and planned projects.
APAC is projected to grow at the highest CAGR during the forecast period.
The lithium-ion battery market in APAC is expected to grow at the highest CAGR during 2021 to 2030. China and Japan are the world's second-and third-largest markets, respectively, for electric vehicles. Continuous developments in the consumer electronics and automotive verticals have led to an increase in the application of lithium-ion batteries as they offer various advantages, such as high power capacity, increased safety, and reduced pollution. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, forcing them to shut down. However, production has resumed in a few facilities in China, thereby initiating the manufacturing of some essentials. Several countries in the APAC region are planning off-grid electrification, especially in remote areas. Investments in energy storage systems are expected to increase substantially in the region as governments in developing economies are formulating new policies to improve the reliability and quality of power distribution facilities for residential customers.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/e4dgp3
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Li-Cycle and Helbiz to create a sustainable and circular battery supply chain for scooters and e-bikes
TORONTO & NEW YORK--(BUSINESS WIRE)--Li-Cycle Corp. (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, and Helbiz, a global leader in micro-mobility, today announced a partnership to create a safe and sustainable recycling solution for end-of-life lithium-ion batteries used in e-scooters and e-bikes.
As the global shift toward electrification continues to accelerate, the popularity of micro-mobility is following suit, with the global market expected to grow to $150 billion by 2025, according to Market Research Future. Helbiz, a prominent player in the micro-mobility industry, has set out to develop the infrastructure to create greener cities with less congestion, noise, and pollution while presenting riders with a faster and more affordable way to reach their destinations via its fleets of e-scooters and e-bikes. Li-Cycle intends to utilize its Spoke & Hub Technologies™ to efficiently, safely, and sustainably recover the end-of-life batteries from Helbiz’s fleets and return the valuable materials contained within back into the supply chain.
“We believe Li-Cycle and Helbiz are ideal partners as we are two innovative companies working toward the same vision for a sustainable electric mobility sector,” said Kunal Phalpher, Chief Commercial Officer of Li-Cycle. “This partnership represents a critical first step for our collaboration as we seek to create a closed lithium-ion battery recycling loop on a global scale. Together, we intend to recover valuable materials from old scooters and e-bikes to be reused in new ones in cities around the world via a truly sustainable, fit-for-purpose pathway.”
Both Li-Cycle and Helbiz have previously announced plans to become publicly traded companies in the United States via business combinations with special purpose acquisition companies (SPACs) and have plans to expand operations in Europe. In the coming months, Li-Cycle expects to recycle 500 lithium-ion batteries from Helbiz e-bikes and e-scooters, with volume set to increase heading into 2022 as Li-Cycle supports Helbiz’s operations in the United States and abroad.
“We are proud to partner with Li-Cycle and look forward to working closely with their team to develop and implement a safe and sustainable recycling solution for the batteries used in our e-scooters and e-bikes,” said Ruggero Cipriani Foresio, Chief Marketing Officer of Helbiz. “This collaboration further supports our commitment to worldwide sustainability and our dedication to lead each city we operate in towards a greener future.”
Li-Cycle is aiming to support Helbiz’s net zero emission target by 2022 while simultaneously facilitating Helbiz’s ability to achieve a 100% recycling target, with a view to advancing sustainability efforts in the micro-mobility sector and further minimizing the environmental footprint of shared scooters and e-bikes.
On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) (“Peridot”). Upon the closing of the business combination (the “Business Combination”), which is expected in the third quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. (“Newco”).
About Li-Cycle
Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed Business Combination involving Li-Cycle and Peridot, Newco has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.
Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..
PARTICIPANTS IN THE SOLICITATION
Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.
NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained in this communication may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed collaboration between Li-Cycle and Helbiz and the proposed transaction involving Li-Cycle and Peridot and the anticipated benefits of such collaboration to Li-Cycle and Helbiz and the ability to consummate the proposed Business Combination, respectively. 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 “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. 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 and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed Business Combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed Business Combination or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed Business Combination and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that anticipated benefits of the proposed collaboration between Li-Cycle and Helbiz will not be realized; (iv) the possibility that anticipated benefits of the proposed Business Combination will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed Business Combination; (v) the risk that stockholder litigation in connection with the proposed Business Combination or other settlements or investigations may affect the timing or occurrence of the proposed Business Combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed Business Combination that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed Business Combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports or Newco’s reports filed with the SEC, including the Proxy Statement/Prospectus and Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
ABOUT HELBIZ
Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in nearly 30 cities around the world including Washington, D.C., Alexandria, Arlington, Miami, Milan and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. In Q1 2021, Helbiz Inc announced a merger with SPAC GreenVision Acquisition Corp. (Nasdaq: GRNV), resulting in it becoming the first micro-mobility company listed on Nasdaq upon completion.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s or GreenVision’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of the Company or the stockholders of GreenVision or other reasons; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to GreenVision stockholder redemptions and the failure to obtain replacement financing; (v) the failure to meet projected development and production targets; (vi) costs related to the proposed transaction; (vii) changes in applicable laws or regulations; (viii) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (ix) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (x) the effect of the COVID-19 pandemic on the Company and GreenVision and their ability to consummate the transaction; and (xi) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. GreenVision's SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to GreenVision and Helbiz and speaks only as of the date on which it is made. GreenVision and Helbiz undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Additional Information about the Transaction with GreenVision and Where to Find It
In connection with the proposed business combination, GreenVision filed a preliminary proxy statement with the SEC. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the preliminary proxy statement, the definitive proxy statement and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., 8 The Green, Suite #4966, Dover, DE 19901, Attention: Chief Financial Officer, Tel. (302 289-8280).
Participants in Solicitation of GreenVision shareholders
GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in GreenVision is contained in the preliminary proxy statement with respect to the proposed business combination filed on April 8, 2021 with the SEC, and in GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and subsequently amended, which was filed with the SEC Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and the definitive proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the definitive proxy statement relating to the business combination when it becomes available.
Helbiz and its officers and directors may also be deemed participants in such solicitation. A list of the names of such directors and executive officers and information regarding their interests in the business combination are set forth in the preliminary proxy statement, which was filed on April 8, 2021 with the SEC and the definitive proxy statement for the business combination when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
Non-Solicitation in respect of GreenVision Transaction
This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
LI-CYCLE CONTACTS
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Helbiz Contacts
For investor and media inquiries, contact:
Global Head of Communications:
Davide D’Amico - tel. +39 335 7715011 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
PR and Communication Manager:
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Regions
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EUROPE
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EVgo’s Acquisition of Recargo is a Win-Win for EV Drivers, Automakers, and Charging Networks
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq:EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced that it has acquired Recargo, a leading e-mobility software company and one of the industry’s most utilized sources of driver-contributed EV industry data, for $25 million in an all-cash transaction (including $3mm loan repayment). The transaction brings together two trusted EV leaders and first movers with deep technical expertise and broad customer bases, combining EVgo’s national public fast charging infrastructure and Recargo’s leadership in EV innovation on app development, market research, data licensing, reporting, and advertising.
“At EVgo, we have a relentless commitment to growing the EV driver base and enhancing the customer experience,” said Cathy Zoi, CEO of EVgo. “The Recargo team shares that same commitment, developing innovative software to improve the charging experience. Recargo’s PlugShare platform has become the go-to mobile app for EV drivers. EVgo and Recargo’s combined software expertise will make driving an EV and charging it even easier — and more delightful. Together, we will extend and accelerate the reach of our business while continuing to shape the future of EV charging.”
Founded in 2009, Recargo has established itself as the technology leader and EV first mover, including:
Over the past two years, EVgo has rolled out a suite of its own proprietary system innovations, including power sharing architecture for chargers, EVgo Access™ (to enable public charging in parking garages); EVgo Advantage™ (a B2B coupon tool for partners to reach drivers); and EVgo Reservations™.
“This acquisition brings a great technical team into the fold and EVgo and Recargo can accelerate our collective growth, capitalizing on a shared focus of software innovation, commitment to open standards and interoperability, and a history of strong partnerships with automakers and other charging providers,” said Ivo Steklac, CTO/COO of EVgo. “To enhance transparency, EVgo and Recargo intend to publish PlugScore calculations and methodologies, enhance algorithms and further integrate customer and network feedback to improve the utility of the score while preserving its neutrality. Additionally, we expect to swiftly move to accept Pay with PlugShare (PWPS) on the EVgo network, opening the platform to other charging providers, giving drivers a simple way to use multiple networks and pay for charging in-app using PlugShare’s platform.”
Recargo and EVgo – Elevating the E-Mobility Transition
Recargo’s PlugShare has been an essential part of the EV driver experience, capturing nearly 3 million driver reviews and expanding community adoption, with 7 unique PlugShare app installs for every 10 EVs in operation in the U.S., as of April 20212. By crowdsourcing powerful data and insights, PlugShare has created a comprehensive census of public charging through over 52,000 public charging locations and over 133,000 chargers covered in the U.S. alone. The Recargo team brings breadth and depth of technology leadership in app development, mapping, API integration, and analytics as well as strong commercial relationships with automakers, charging networks, and other market stakeholders.
Nick Wild, CEO of Recargo, will continue to serve as President and CEO of the wholly-owned subsidiary under EVgo.
“EVgo and Recargo have a long history of partnering to enhance the driver experience. The entire Recargo team is excited to have the opportunity to further accelerate our growth as part of the EVgo family,” said Nick Wild, President and CEO of Recargo. “PlugShare has been the first and most trusted choice for EV drivers looking for information on public charging, and we are thrilled that the EVgo team is committed to the continued independence of our PlugScore™ system, increasing transparency and supporting broad interoperability and neutrality.”
1 Source: Appfigures.com, July, 2021
2 Source: IHS Markit data and internal analysis
About EVgo
EVgo is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 65 metropolitan areas across 34 states and more than 250,000 customers. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
EVgo
For Investors:
Ted Brooks, VP of Investor Relations
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For Media:
Ed Harrison, Inkhouse for EVgo
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XL Hybrid System is Now Available on Isuzu NPR-HD Low Cab Forward Vehicles Serving
Demanding Applications Including Last Mile Delivery, Beverage Distribution, Utility Work and Food Service
BOSTON--(BUSINESS WIRE)--XL Fleet Corp. (NYSE: XL) (“XL Fleet” or the “Company”), a leader in vehicle electrification solutions for commercial and municipal fleets, today announced that its XL Hybrid electric drive system is now available as an upfit solution for the new Isuzu NPR-HD. The electrification system is XL Fleet’s newest product release and enables Isuzu customers to electrify one of its newest and most popular medium duty low cab forward vehicles, which is ideally suited for demanding applications including last mile delivery, beverage distribution, utility work and food service.
Featuring a high efficiency lithium-ion battery, electric motor, inverter and control software, the XL Hybrid system transforms traditional gas-powered fleet vehicles into hybrid electric units with no operational disruption to the fleet. The NPR-HD is the second Isuzu vehicle XL Fleet has electrified, after originally launching its hybrid system on the Isuzu Reach™ diesel walk-through van for a global package delivery customer in 2015.
“XL Fleet is thrilled to be launching our hybrid platform on the NPR-HD and expanding our electrification portfolio with the latest high-performance fleet truck from Isuzu,” said Dimitri Kazarinoff, Chief Executive Officer at XL Fleet. “We continue to expand our industry leading breadth of electrification offerings enabling our customers to address sustainability objectives today, not just someday in the future.”
“We are excited that XL Fleet has chosen our world-class NPR-HD to deploy their hybrid electric drive system on,” said Shaun Skinner, President of Isuzu Commercial Truck of America. “The superior maneuverability and all the other advantages of the NPR-HD will bring many benefits to our fleet customers in the years to come.”
On June 9, 2021, XL Fleet displayed its hybrid electric drive system on the Isuzu NPR-HD at its Michigan Fleet Electrification Technology Center ribbon cutting ceremony with Governor Gretchen Whitmer.
XL Fleet’s hybrid system on the Isuzu NPR-HD is now available for purchase throughout North America. It is currently available on NPR-HD models with a 6.6L gas powered engine, on 150” and 176” wheelbases, and with both standard and crew cab configurations. To learn more or receive a quote, email This email address is being protected from spambots. You need JavaScript enabled to view it..
About XL Fleet Corp.
XL Fleet is a leading provider of vehicle electrification solutions for commercial and municipal fleets in North America, with more than 150 million miles driven by customers such as The Coca-Cola Company, Verizon, Yale University and the City of Boston. XL Fleet’s hybrid and plug-in hybrid electric drive systems can increase fuel economy up to 25-50 percent and reduce carbon dioxide emissions up to 20-33 percent, decreasing operating costs and meeting sustainability goals while enhancing fleet operations. XL Fleet’s plug-in hybrid electric drive system was named one of TIME magazine's best inventions of 2019. For additional information, please visit www.xlfleet.com.
About Isuzu
Isuzu commercial trucks have been the best-selling low cab forward trucks in the combined U.S.-Canadian market for 35 consecutive years. Headquartered in Anaheim, California, Isuzu Commercial Truck of America, Inc. is the distributor of Isuzu commercial vehicles in the United States. Isuzu Commercial Truck of America is a subsidiary of Isuzu Motors Limited, one of the world’s largest manufacturers of medium- and heavy-duty trucks. For more information, call (866) 441-9638 or visit www.isuzucv.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to failure to realize the anticipated benefits from the business combination; the effects of pending and future legislation; the highly competitive nature of the Company’s business and the commercial vehicle electrification market; litigation, complaints, product liability claims and/or adverse publicity; cost increases or shortages in the components or chassis necessary to support the Company’s products and services; the introduction of new technologies; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, regulatory compliance and customer experience; the potential loss of certain significant customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the inability to convert its sales opportunity pipeline into binding orders; risks related to the rollout of the Company’s business and the timing of expected business milestones; the effects of competition on the Company’s future business; the availability of capital; and the other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed on March 31, 2021, as amended and supplemented by the 10-K/A filed May 17, 2021, and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
XL Fleet Media Contact:
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Not for Distribution to United States Newswire Services or for Dissemination in the United States
TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) will release its second quarter 2021 financial results after market close on July 29, 2021. Senior management will host a conference call and webcast on July 30, 2021 at 10:00 am ET to review Sherritt’s second quarter financial and operational performance.
Dial-in and Webcast Details:
North America dial-in number: 1 (888) 500-2295
International dial-in number: (438) 801-4078
Webcast and slide presentation: www.sherritt.com
Please dial in 15 minutes before the start of the conference to secure a line and avoid delays. Alternatively, listeners will be able to access the conference call via the webcast available on Sherritt’s website.
A copy of the webcast and replay of the conference call will be available on the website following the presentation.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Joe Racanelli, Director of Investor Relations
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Having recently received its first Dash 8-300, Ravn Alaska is extending its pursuit of new, sustainable propulsion solutions across its fleet
LOS ANGELES--(BUSINESS WIRE)--#FIAConnect--Universal Hydrogen, the company fueling carbon-free flight, today announced it has signed a letter of intent (LOI) with Ravn Alaska, an Anchorage-based regional airline. Under this LOI, Ravn is committed to purchasing five of Universal Hydrogen’s conversion kits that will integrate the company’s modular hydrogen capsule technology and hydrogen powertrain into Ravn’s growing regional turboprop fleet. In a transportation segment that is critical to the way of life in Alaska, the conversions will provide a zero-carbon solution for both passenger and cargo services. Universal Hydrogen fits perfectly into Ravn’s global initiative to drastically reduce its carbon footprint in the coming years.
“At Ravn, we love the Dash 8 family of aircraft for their durability and suitability to our rugged region. These aircraft enable us to provide exceptional service to the many far-flung communities across Alaska,” said Rob McKinney, CEO of Ravn Alaska. “It’s essential that as Ravn grows and air travel returns, our business decisions are made with sustainability top of mind. With this partnership, we are able both to reduce the carbon impact of our aircraft and improve their operational efficiency, which is a win for our customers, our business, and the environment.”
In addition to the five aircraft conversions, the LOI establishes Universal Hydrogen as Ravn’s long-term supplier of green hydrogen fuel services for its regional fleet.
“We are thrilled to have Ravn Alaska as our first U.S. domestic airline partner looking to decarbonize their aircraft operations in the near term,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “Ravn is thriving under its new leadership and it’s impressive to work with a team that’s committed to making forward-looking choices that ensure their growth is sustainable.”
About Ravn Alaska
Ravn Alaska is a regional airline headquartered in Anchorage that services communities across Alaska including Aniak, Cold Bay, Dillingham, Dutch Harbor, Homer, Kenai, King Salmon, Sand Point, St. Mary’s, St. Paul Island, Unalakleet and Valdez. The airline provides daily flights aboard its safety-rated de Havilland Dash-8 fleet, charter flights and cargo shipments. Visit https://ravnalaska.com/ to book a flight and learn more about Ravn.
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Kate Gundry
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