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BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: “GPRK”), an exempted company incorporated under the laws of Bermuda announced today that it commenced a tender offer to purchase for cash (the “Tender Offer”), up to U.S.$255,000,000 aggregate principal amount outstanding (the “Maximum Tender Amount”) of its 6.500% Senior Notes due 2024 (the “Notes”) (CUSIP Nos. 37255B AA7 / G38327 AA3 and ISIN Nos. US37255BAA70 / USG38327AA304) and a solicitation of consents (the “Consent Solicitation”) for proposed amendments to the related indenture (the “Indenture”). The Tender Offer and the Consent Solicitation are being made on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated April 6, 2021 (the “Statement”), and related consent and letter of transmittal. The Tender Offer will expire at 11:59 p.m. New York City time, on May 3, 2021, unless extended or earlier terminated by the Company in its sole discretion, subject to applicable law (the “Expiration Time”).


The purpose of the Tender Offer is to acquire outstanding Notes up to the Maximum Tender Amount, and the purpose of the Consent Solicitation is to obtain Consents (as defined below) to effect the Proposed Amendments (as defined below).

CONSIDERATION

The consideration for the Notes validly tendered (and not validly withdrawn) pursuant to the Statement (the “Tender Offer Consideration”) and accepted for purchase pursuant to the Tender Offer is U.S.$1,000 for each U.S.$1,000 principal amount of the Notes. Subject to the terms and conditions set forth in the Statement, the Company is also offering to pay the Early Tender Payment (as defined below) to each holder of Notes who validly tenders (and does not validly withdraw) its Notes and thereby validly delivers (and does not validly revoke), at or prior to 5:00 p.m., New York City time, on April 19, 2021, unless extended or earlier terminated (such time and date, as the same may be extended or earlier terminated, the “Early Tender Deadline”), its consent to the proposed amendments to the Indenture (the “Proposed Amendments”). We refer to the Tender Offer Consideration plus the Early Tender Payment (as defined below), including the Consent Payment (as defined below), as the “Total Consideration.” We refer to the “Early Tender Payment” as an amount in cash equal to U.S.$50 for each U.S.$1,000 principal amount of Notes tendered, which includes an amount in cash equal to U.S.$2 (the “Consent Payment”) for each U.S.$1,000 principal amount of Notes tendered by such holder of Notes and accepted by the Company for purchase in the Tender Offer. No tenders of Notes submitted after the Expiration Time will be valid.

The following table summarizes the Tender Offer Consideration, the Early Tender Payment, the Total Consideration and the Consent Payment for each U.S.$1,000 principal amount of Notes.

 

 

 

 

 

Notes

CUSIP /
ISIN

Outstanding
Principal
Amount(1)

Tender Offer
Consideration (2)(3)

Early Tender
Payment
(including
Consent
Payment) (2)

Total
Consideration
(2)(3)(4)

Consent
Payment
(2)(5)(6)

 

 

6.500%
Senior Notes
Due 2024

Rule 144A:

37255B AA7 /
US37255BAA70
Regulation S:
US37255BAA70 /
USG38327AA30

U.S.$425,000,000

U.S.$1,000

U.S.$50

U.S.$1,050

U.S.$2

 

 

 

 

 

 

 

 

 

(1) As of April 6, 2021.

(2) For each U.S.$1,000 principal amount of Notes validly tendered and accepted for purchase, or with respect to which the applicable holder of Notes has provided its Consent, as applicable.

(3) Excludes accrued interest on the Notes, which will be paid in addition to the Tender Offer Consideration or the Total Consideration, as applicable.

(4) The Total Consideration consists of the Tender Offer Consideration plus the Early Tender Payment (which includes the Consent Payment).

(5) In respect of the Tender Offer, the Consent Payment is included in, and is not additional to, the Early Tender Payment.

(6) Holders of Notes that validly tender their Notes and thereby deliver their Consents at or prior to the Early Tender Deadline (and do not validly withdraw such Notes and therefore do not validly revoke the related Consents) will be eligible to receive the Consent Payment in respect of such Notes, even if a smaller principal amount is accepted for purchase pursuant to the Tender Offer due to proration.

Holders whose Notes are accepted for purchase pursuant to the Tender Offer will also receive accrued and unpaid interest from the last interest payment date on such purchased Notes up to, but not including, the date on which the applicable Notes are redeemed.

THE CONSENT SOLICITATION AND PROPOSED AMENDMENTS

Pursuant to the Consent Solicitation, the Company is soliciting from holders of Notes consents (“Consents”) to the Proposed Amendments, to more closely align and conform certain covenants, definitions and other terms in the Indenture with those contained in the indenture governing our 5.500% senior notes due 2027, which will allow us to more efficiently operate our business.

In particular, the Proposed Amendments would, among others, (i) permit the Issuer to send any notice for redemption of the Notes at least 15 days before the redemption date to the trustee (instead of 35 days) and at least 10 days (instead of 30) but not more than 60 days before the redemption date to the Holders of Notes, (ii) set the Interest Coverage Ratio to 2.50 to 1.00 and the Net Leverage Ratio to 3.25 to 1.00, in each case for purposes of determining whether the Issuer or any Guarantor may Incur additional Debt, (iii) permit the Issuer and any Restricted Subsidiary to Incur additional Debt by increasing the maximum Permitted Debt that may be Incurred pursuant to the credit facilities basket, the capitalized lease obligations basket and the general basket from the greater of $40.0 million or 8.5% to the greater of $125.0 million or 12% of Consolidated Tangible Assets, (iv) change the measurement period for purposes of evaluating the restricted payments builder basket from January 1, 2019 (instead of January 1, 2017) to the last day of our most recent completed fiscal quarter for which internal financial statements are available and the measurement date for the restricted payments builder from September 21, 2017 to January 17, 2020, (v) increase the Starter Amount for the restricted payment builder basket from $20.0 million to $40.0 million, (vi) increase the general restricted payments basket from $25.0 million to $35.0 million, (vii) increase the threshold of Debt Guaranteed or Incurred by a future acquired or created subsidiary above which such subsidiary must Guarantee the Notes from $90.0 million to $100.0 million, (viii) increase the threshold of Excess Proceeds from $30.0 million to $50.0 million, (ix) permit the Issuer to purchase any and all Notes that are tendered and not withdrawn pursuant to an offer to purchase in excess of the purchase amount related to the net proceeds of an asset sale to be applied for the purchase of Notes under the Indenture, (x) increase the cross-default threshold of outstanding debt from $30.0 million to $40.0 million for the purpose of determining if an event of default under the Indenture has occurred, (xi) increase the threshold of a final judgment entered against the Issuer or a Restricted Subsidiary for the payment of money from $30.0 million to $40.0 million for determining whether an event of default under the Indenture has occurred, (xii) increase the limit for excluding the dispositions of assets from the definition of an Asset Sale under the Indenture from less than $10.0 million to less than $20.0 million, (xiii) increase the general basket of Permitted Liens under the Indenture from $60.0 million to $120.0 million, (xiv) add to, amend, supplement or change certain other defined terms contained in the Indenture related to the foregoing, and (xv) include certain conforming changes to the Indenture to effect the foregoing.

Any holder of Notes who tenders Notes pursuant to the Tender Offer prior to the Early Tender Deadline will be deemed to have delivered a Consent in respect of such tendered Notes to the Proposed Amendments. Holders may not deliver their Consent to the Proposed Amendments without tendering their Notes.

Holders that validly tender Notes and thereby deliver their Consents at or prior to the Early Tender Deadline (and do not validly withdraw such Notes and concurrently revoke such Consents) will be eligible to receive the Consent Payment in respect of such Notes, even if a smaller principal amount is accepted for purchase pursuant to the Tender Offer due to proration. Holders of Notes should refer to the Statement for a detailed description of the Tender Offer’s proration procedures.

A holder that has previously tendered Notes may not revoke a Consent without withdrawing the previously tendered Notes to which such Consent relates. Notes may only be withdrawn, and Consents revoked, prior to the Early Tender Deadline, unless extended by the Company in its sole discretion, subject to applicable law.

CONDITIONS

The Tender Offer is subject to, and conditioned upon, among other things, a Financing Condition (as defined in the Statement), the Second Supplemental Indenture Condition (as defined in the Statement) and the General Conditions (as defined in the Statement). The Company may amend, extend or terminate the Tender Offer and the Consent Solicitation in its sole discretion, subject to applicable law.

SETTLEMENT

Subject to the terms and conditions of the Tender Offer and Consent Solicitation being satisfied or waived, and to the Company’s right to amend, extend, terminate or withdraw the Tender Offer and Consent Solicitation, the Company expects that payment for all Notes validly tendered (and not validly withdrawn) prior to the Early Tender Deadline and accepted by the Company will be made on the business day the Company selects promptly following the Early Tender Deadline, or the business day on which the Company waives the conditions for the consummation of the Tender Offer and Consent Solicitation, which is expected to be April 26, 2021 (the “Initial Settlement Date”). Payment for all Notes validly tendered after the Early Tender Deadline and at, or prior to the Expiration Time, and accepted by the Company, will be made on the business day the Company selects promptly following the Expiration Time or the business day on which the Company waives the conditions to consummation of the Tender Offer and Consent Solicitation, which is expected to be May 6, 2021 (the “Final Settlement Date”).

OTHER

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. In addition, this news release is not a solicitation of consents with respect to the Proposed Amendment. The Tender Offer and the Consent Solicitation are being made only pursuant to the Statement and related consent and letter of transmittal, copies of which will be delivered to holders of Notes. The Company has retained BofA Securities, Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC to serve as the dealer managers and solicitation agents for the tender offer. Questions regarding the tender offer may be directed to BofA Securities, Inc. at (888) 292-0070 or (646) 855-8998, Credit Suisse Securities (USA) LLC at (212) 325-7823 or (800) 820-1653, and J.P. Morgan Securities LLC at (866) 834-2045 or (866) 834-2045. Requests for documents may be directed to D.F. King & Co., the information agent for the Tender Offer and the Consent Solicitation, the tender agent for the Tender Offer and the tabulation agent for the Consent Solicitation, at (866) 207-3626 (toll-free) or at (212) 269-5550 (collect) or at by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

The statement and the related letter of transmittal should be read carefully before a decision is made with respect to the tender offer and consent solicitation. none of the company, any dealer manager and solicitation agent, the information agent, the tender agent, the tabulation agent or any trustee, paying agent, transfer agent or listing agent, makes any recommendation as to whether or not holders of notes should tender their notes or provide their consents.

The Tender Offer does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation.

In any jurisdiction where the securities, blue sky or other laws require tender offers to be made by a licensed broker or dealer and in which the dealer managers, or any affiliates thereof, are so licensed, the tender offer will be deemed to have been made by any such dealer managers, or such affiliates, on behalf of the Company.

ABOUT GEOPARK

GeoPark is a leading independent oil and natural gas exploration and production company with operations in Latin America and a proven track record of growth in production and reserves since 2006. GeoPark operates in Colombia, Chile, Brazil, Ecuador and Argentina.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the Tender Offer. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.

The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.


Contacts

INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
T: +562 2242 9600
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Diego Gully
Investor Relations Director
T: +5411 4312 9400
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MEDIA:
Communications Department
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In-person, online courses and comprehensive assessments support compliance with Maritime Transportation Security Administration, International Maritime Organization, and U.S. Coast Guard requirements and directives.

GREENVILLE, S.C.--(BUSINESS WIRE)--#CyberPHA--aeCyberSolutions, the Industrial Cybersecurity division of aeSolutions, announces a series of new maritime assessment services and training to help maritime facility security officers (FSOs) ensure compliance with Maritime Transportation Security Administration (MTSA), International Maritime Organization (IMO) and U.S. Coast Guard requirements and directives.


Both the IMO and MTSA Maritime Transportation Cybersecurity Assessment services provide a comprehensive third-party cybersecurity assessment of a facility's compliance including documentation ready for annexation into existing Facility Security Assessments (FSA) and Facility Security Plans (FSP). In the case of IMO, the service ensures compliance to the IMO MSC-FAL.1/Circ.3 guidance for addressing cyber risks at regulated facilities and for the MTSA the service ensures compliance to the corresponding US Coast Guard NVIC 01-20 guidance for addressing cyber risks at MTSA regulated facilities.

“While maritime facility security officers are responsible for compliance with cybersecurity regulations, many may not have the skills, resources, or bandwidth to conduct facility cybersecurity assessments and produce the required documentation,” said John Cusimano, Vice President of aeCyberSolutions.

“Cyber-attacks on maritime transportation infrastructure can have devastating consequences, both regionally and globally. Increasing threats, vulnerabilities in legacy systems, and additional exposure introduced by new technologies (i.e., digital transformation, Internet of Things (IoT) connectivity, cloud-based technologies, remote operations) increases the likelihood of successful attacks.”

Both services include an on-scene survey to examine and evaluate existing facility cybersecurity measures, procedures, and operations. Additionally, aeSolutions will analyze the vulnerabilities found during the on-scene survey and provide recommendations to establish and prioritize the cybersecurity measures for inclusion in the facility security plan (FSP).

In addition to the new assessment services, aeCyberSolutions is also introducing a maritime FSO Cybersecurity Training program. Developed and instructed by experienced maritime cybersecurity experts and offered in-person or online, the training course covers cybersecurity fundamentals for maritime FSOs. Participants also will be instructed on relevant regulatory requirements, such as those established by MTSA, the U.S. Coast Guard, and the International Maritime Organization (IMO).

Additionally, course participants will learn cybersecurity principles and the “jargon” needed to communicate with internal and external cybersecurity consultants, making them better prepared to specify the services required to meet the intent of the regulations and standards. Likewise, participants will learn how to interpret the findings from a cybersecurity assessment and use those to develop a cybersecurity plan that can be annexed into the existing facility security plan.

Please visit aeCyberSolutions’ Maritime OT Cybersecurity webpage, https://www.aesolutions.com/maritime, for more details.

About aeCyberSolutions™

aeCyberSolutions, the Industrial Cybersecurity division of aeSolutions, exclusively provides industrial cybersecurity services including risk assessments, program development, implementation, support, and training to clients in oil and gas, chemicals, maritime, water, industrial gases, and other process industries. A leader in the intersection of cybersecurity and process safety, aeCyberSolutions helps clients identify and address cybersecurity risks in a manner that is consistent with the engineering methods already in place for process safety risk management. They do so by leveraging existing information and practices while presenting a single, consistent expression of risk to senior management. The aeCyberSolutions team is exclusively staffed with personnel who have strong industrial automation backgrounds and general IT and IT security backgrounds and credentials. This combination of IT and Operational Technology (OT) expertise is essential for working in the field of industrial cybersecurity. aeCyberSolutions is based in Greenville, SC. For more information, visit www.aesolutions.com/aecyberpha-facilitation-suite, www.aeCyberSolutions.com, or follow @aesolns.


Contacts

Kari Walker for aeCyberSolutions
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@KariWalkerPR

Coalition promotes safe and environmentally responsible practices


VALLEY FORGE, Pa.--(BUSINESS WIRE)--#ESG--UGI Corporation (NYSE:UGI) announced today that its wholly owned subsidiaries UGI Utilities, Inc. and UGI Energy Services, LLC have joined the Natural Gas Supply Collaborative (NGSC). The UGI membership brings the number of companies participating in NGSC to 17.

NGSC is a voluntary organization of natural gas purchasers, including utilities and power generators, whose members are committed to promoting safe and responsible practices for natural gas supply. Collectively, NGSC members deliver enough natural gas to meet the needs of more than 60 million households. NGSC provides technical expertise and guidance on gas supply initiatives and emerging technologies.

“For nearly 140 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves,” said Robert F. Beard, UGI Executive Vice President – Natural Gas. “Our membership in NGSC is a further demonstration of our commitment to grow our business responsibly, while meeting the social needs of our customers, employees, and communities. We look forward to continuing to enhance and expand our Environmental, Social and Governance (ESG) initiatives aimed at lowering methane and greenhouse gas emissions, enhancing system integrity and improving safety.”

About UGI

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in twelve states and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.


Contacts

CONTACT INVESTOR RELATIONS
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-992-3202

Energy company ranked #1 energy utility and 42nd overall

BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--For the second year in a row, Eversource Energy (NYSE: ES) has been recognized by Barron’s on its list of America’s Most Sustainable Companies. Ranking as the #1 energy utility on the list and 42nd overall, the recognition from Barron’s represents Eversource’s unyielding commitment to sustainability and responsible corporate citizenship.


“At Eversource, we’re working toward a better, more sustainable future for our customers, communities, employees and the environment,” said Eversource Chairman, President and CEO Jim Judge. “We’re incredibly honored to receive this distinguished recognition from Barron’s, which demonstrates our commitment to be the most responsible energy company in the nation. While we continue to operate under our COVID-19 pandemic plan, we remain focused every day on providing safe and reliable electric, gas and water service to our customers while at the same time nurturing a diverse and engaged workplace for employees, advancing clean energy and working to protect the environment.”

The Barron’s list of Most Sustainable Companies is based on more than 230 environmental, social and corporate governance (ESG) metrics. To create the ranking, the top 1,000 publicly traded companies by market value were evaluated by how they performed for five key constituencies – customers, communities, employees, the planet and shareholders – looking at ESG performance indicators such as workplace diversity, data security and greenhouse-gas emissions. To qualify for the list, a company must be rated above the bottom quarter in each of the five stakeholder categories.

With its industry-leading goal to achieve carbon neutrality by 2030, commitment to diversity and inclusion, and position as a catalyst for clean energy like solar, electric vehicles, offshore wind and battery storage throughout New England, Eversource is consistently recognized as a national leader for its corporate citizenship. The energy company was also recently ranked the #1 energy company in Newsweek’s list of America’s Most Responsible Companies and was included again on the list for America’s Most JUST Companies. For more information on Eversource’s commitment to sustainability, visit https://www.eversource.com/content/ct-c/about/sustainability.

Eversource (NYSE: ES) transmits and delivers electricity and natural gas and supplies water to approximately 4.3 million customers in Connecticut, Massachusetts and New Hampshire. Celebrated as a national leader for its corporate citizenship, Eversource is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2020 and recognized as one of America’s Most JUST Companies. The #1 energy efficiency provider in the nation, Eversource harnesses the commitment of approximately 9,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally-recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on Twitter, Facebook, Instagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.


Contacts

William Hinkle
603-634-2228
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The powerful team of veteran leaders from companies including McDonald’s and Intel bolsters Footprint’s mission to eliminate single-use and short-term plastics

GILBERT, Ariz.--(BUSINESS WIRE)--Footprint, a sustainable technology firm specializing in materials science engineering, today announced the appointment of Don Thompson, Manu Bettegowda and Stefan Kirsten to the Footprint Board of Directors. The cohort joins existing members Les Brun, Brian Krzanich and Rich Daly, rounding out the group’s unparalleled knowledge in food and beverage industry trends, food production technology, product and talent diversification, finance and business operations.



“The strong leadership on the Footprint Board of Directors is a testament to the company’s sustainability solutions and the need our technology is filling,” said Chairman of the Board Kevin Easler, Sprouts Farmers Markets co-founder, and CEO of Zenfinity Capital. “Our mission to replace non-essential single-use plastics with plant-based fiber solutions is met with a powerful ability to scale, supporting the largest consumer packaged goods producers in the world.”

Previously serving as the president and CEO of McDonald’s Corporation, Don Thompson spent 23 years in various leadership roles driving global strategic innovation. He is known for implementing three priorities to innovate McDonald’s growth: optimizing the menu, modernizing the customer experience, and broadening restaurant accessibility. As an engineer by trade, he was originally hired to design robotic equipment for food transport and made control circuits for cooking. Thompson’s extensive understanding of food production and business strategy align with Footprint’s team of engineers who develop plant-based fiber alternatives to single-use plastics that integrate seamlessly with existing production lines.

Manu Bettegowda brings extensive packaging industry expertise to the board as a partner at Olympus Partners. Having been a long-time investor in packaging, Bettegowda has seen the rapid shift in demand for sustainable packaging solutions firsthand. Previously, he worked at Bowles Hollowell Conner & Co. focusing on mergers and acquisitions, leveraged buyouts, and refinancings of middle market companies.

Stefan Kirsten is a leading German economist and has an exceptional managerial background as a blue-chip CFO, having served in that role for Metro Group, Thyssenkrupp as well as Vonovia. He currently serves as chairman of the Supervisory Board of Vonovia Finance B.V. and was a member of the Supervisory Board of Flaschenpost SE. Kirsten’s experience in these roles brings a keen understanding of European markets that will guide Footprint as the company expands its plastic-free, plant-based fiber product solutions into Europe and the United Kingdom.

These individuals will join Footprint’s already strong bench of directors, including: Les Brun, who brings over 40 years of investment banking, commercial banking and financial advisory experience to the board and currently serves as the chairman of the board of directors for CDK Global, lead independent director of Merck & Co., and director at Corning, Inc.; Brian Krzanich, who while serving as the CEO of Intel from 2013-2018 was credited for diversifying Intel’s product offerings, as well as the company’s workforce; Rich Daly, a keen business operations expert, member of the Advisory Board for the New York Stock Exchange and the National Association of Corporate Directors, and former CEO and current executive chairman of Broadridge Financial Solutions, Inc.; and Co-founders Troy Swope, CEO, and Yoke Chung, chief technology officer.

For more information about Footprint and the board of directors who are helping to create a healthy planet, visit www.footprintus.com.

About Footprint

Footprint has a clear vision: eliminate single-use and short-term use plastics. Footprint’s team of engineers uses plant-based fiber technology to design, develop and manufacture biodegradable, compostable, and recyclable products that are on par with plastic’s cost and exceed its performance, on a per unit basis. Footprint’s ability to compete with plastic’s cost and quality has led to a global redirection of 61 million pounds of plastic waste from entering the air, earth, and water.

For more information on Footprint’s sustainable solutions visit www.footprintus.com.


Contacts

Media Contact
Stephanie Reynolds
TrailRunner International for Footprint
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+1.775.343.5886

DUBLIN--(BUSINESS WIRE)--The "Global Laboratory Gas Generators Market by Type (Nitrogen, Hydrogen, Zero Air, Purge Gas, ToC), Application (Gas Chromatography, LC-MS), End-user (Life Science Industry, Chemical & Petrochemical Industry, Food & Beverage Industry), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.


The global laboratory gas generators market is projected to reach USD 686 million by 2026 from USD 353 million in 2021, at a CAGR of 14.2% during the forecast period.

The growth of the laboratory gas generators market is primarily driven by the growing importance of analytical techniques in drug and food approval processes, rising food safety concerns, increasing adoption of laboratory gas generators owing to their various advantages over conventional gas cylinders, growing demand for hydrogen gas as an alternative to helium, and the increasing R&D spending in target industries.

On the other hand, reluctance shown by lab users in terms of replacing conventional gas supply methods with modern laboratory gas generators and the availability of refurbished products are the major factors expected to hamper the growth of this market.

The hydrogen gas generators segment accounted for the highest growth rate in the Laboratory gas generators market, by type, during the forecast period

Based on type, the laboratory gas generators market is segmented into nitrogen gas generators, hydrogen gas generators, zero air generators, purge gas generators, TOC gas generators, and other gas generators. The hydrogen gas generators segment accounted for the highest growth rate in the Laboratory gas generators market in 2020. This can be attributed to the growing preference for hydrogen as a cost-effective alternative to helium, as it offers faster analysis and optimal results.

Gas chromatography segment accounted for the highest CAGR

Based on application, the laboratory gas generators market is segmented into gas chromatography (GC), liquid chromatography-mass spectrometry (LC-MS), gas analyzers, and other applications. In 2020, gas chromatography accounted for accounted for the highest growth rate. The major factors driving the growth of this is the adoption of hydrogen over helium due to the latter's high cost and scarcity in gas chromatography.

Chemical and Petrochemical industry segment accounted for the highest CAGR

Based on end-user, the laboratory gas generators market is segmented into the life science industry, chemical and petrochemical industry, food and beverage industry, and other end-users (environmental companies and research & academic institutes). In 2020, the chemical and petrochemical industry segment accounted for the highest growth rate. This can be attributed to the rising number of new oil & gas fields.

Asia-Pacific: The fastest-growing region in the Laboratory gas generators market

The Laboratory gas generators market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is projected to register the highest CAGR during the forecast period. Factors such as rising foreign direct investments by North American and European pharmaceutical and biotechnology firms in the Asia-Pacific is expected to drive market in this region.

Market Dynamics

Drivers

  • Increasing R&D Spending in Target Industries
  • Growing Importance of Analytical Techniques in Drug Approval Processes
  • Rising Food Safety Concerns
  • Increasing Adoption of Laboratory Gas Generators Owing to Their Various Advantages Over Conventional Gas Cylinders
  • Growing Demand for Hydrogen Gas as an Alternative to Helium

Opportunities

  • Growing Demand for Laboratory Automation
  • Opportunities in the Life Sciences Industry
  • Cannabis Testing
  • Proteomics

Challenges

  • Reluctance to Replace Conventional Gas Supply Methods with Modern Laboratory Gas Generators
  • Availability of Refurbished Products

Companies Mentioned

  • Analab Scientific Instruments Private Limited
  • Angstrom Advanced Inc.
  • Apex Gasgen
  • Asynt Ltd.
  • CLAIND Srl
  • Durr Group
  • ErreDue S.p.A.
  • F-DGSi
  • INMATEC Gasetechnologie GmbH & Co. KG
  • Isolcell S.p.A
  • Laboratory Gas Africa
  • LabTech S.R.L.
  • Leman Instruments
  • Linde plc
  • LNI Swissgas Srl
  • Nel ASA
  • Nitrogenium Innovations & Filteration India Pvt. Ltd.
  • On Site Gas Systems, Inc.
  • Oxymat A/S
  • Parker Hannifin Corporation
  • PCI Analytics Private Limited
  • PeakGas
  • PerkinElmer, Inc.
  • VICI DBS
  • WIRAC Automation Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/lh43z3


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Incorporated (“Emera”) (TSX:EMA) announced today that it completed its bought deal offering of 8,000,000 Cumulative Minimum Rate Reset First Preferred Shares, Series J (the “Series J Shares”) at a price of $25.00 per share for aggregate gross proceeds of $200 million. The syndicate of underwriters was led by Scotiabank and RBC Capital Markets, as joint bookrunners, and also included CIBC Capital Markets, TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. The net proceeds of the offering will be used for general corporate purposes. The Series J Shares will be listed on the Toronto Stock Exchange under the symbol EMA.PR.J.


The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This media release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Information

This news release contains forward‐looking information within the meaning of applicable securities laws, including Emera’s intended use of the net proceeds of the offering. Undue reliance should not be placed on this forward-looking information, which applies only as of the date hereof. By its nature, forward‐looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward‐looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from such forward‐looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Enterprise Risk and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Financial Risks and Uncertainties” in the notes to Emera’s annual financial statements, copies of which are available electronically under Emera’s profile on SEDAR at www.sedar.com.

About Emera

Emera is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.


Contacts

Emera
Investor Relations:
Ken McOnie, VP, Investor Relations and Treasurer
902‐428‐6945
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Erin Power, Director, Investor Relations
902-428-6760
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Media:
902-222-2683
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BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR, a leader in zero emissions commercial vehicles, announced today a five-year supply agreement for battery power systems with Romeo Power, Inc. (“Romeo Power”), a leading battery technology company headquartered in Los Angeles, California. PACCAR will purchase Romeo Power’s battery packs and battery management software for heavy-duty battery electric Peterbilt 579EV vehicles and Peterbilt 520EV refuse trucks in North America. PACCAR has become a minority shareholder in Romeo Power as part of the strategic alliance.

“PACCAR is delighted to be working with Romeo Power. The partnership with Romeo will further enhance PACCAR’s zero emissions product offerings that improve customers’ operational efficiency and environmental impact,” said Darrin Siver, PACCAR senior vice president.

The Romeo battery packs provide high energy, fast charging performance and ample range for customers’ applications. “The Romeo battery system is designed for seamless integration into Peterbilt commercial vehicle chassis and other vehicle systems,” said Kyle Quinn, PACCAR chief technology officer.

Production of Peterbilt zero emissions trucks featuring Romeo Power’s battery packs is expected to launch in the second half of 2021.

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business.


Contacts

Ken Hastings
(425) 468-7530
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WASHINGTON--(BUSINESS WIRE)--Nodal Exchange announced today that it set new quarterly trading records in both power and environmental futures.


Nodal achieved a quarterly trading record in power futures with volume of 559 million MWh in Q1 2021 (notional value of $15.5 billion per side). Nodal Exchange achieved quarterly trading of 579 million MWh in Q1 of 2020, but this included 74 million MWh related to the successful migration of power futures from NASDAQ Futures (NFX) in February 2020. Nodal Exchange also achieved record power futures open interest with 1,041 million MWh per side (equivalent to the electricity consumption of 98 million homes for a year in the USA) at the end of the quarter representing 50.7% market share which is also a new record.

Nodal Exchange also achieved record power futures trading for March with 200 million MWh, representing 43% growth in March 2021 over March 2020. Nodal also set records for monthly power futures traded volume market share with 47.3% in the United States and 55.8% in the PJM market.

In addition, North American environmental contracts on Nodal also achieved records in Q1 in both traded volume and open interest. Environmental contract volumes on Nodal in Q1 totaled 58,065 contracts, up 54% from 37,698 contracts a year earlier. Open interest in the product group ended the quarter at 123,200 contracts, up 89% in Q1 2020.

Nodal, working with IncubEx, continues to be especially strong in the Renewable Energy Certificates (RECs) market. Volumes in Q1 across the 56 REC futures and options contracts offered on Nodal rose to 54,421 contracts, up 111.3% from 25,748 in Q1 2020, and open interest at the end of Q1 across the REC contracts rose to a record 117,463 contracts, up 113.4% from 50,318 in Q1 2020. Nodal continues to expand its environmental offering and currently lists the world’s largest set of cleared environmental futures and options contracts with 82 future and option products in 51 distinct markets.

“We appreciate how well our community has responded to the ongoing challenges of these times, and we are very grateful for the support of our participants, brokers, clearing members and service providers in achieving these extraordinary results in first quarter 2021,” said Paul Cusenza, Chairman and CEO of Nodal Exchange.

About Nodal

Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.


Contacts

Nodal Exchange Public Relations
Nicole Ricard
Phone : 703-962-9816
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DUBLIN--(BUSINESS WIRE)--The "Thermoplastic Pipes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.


Amid the COVID-19 crisis, the global market for Thermoplastic Pipes estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027.

Reinforced Thermoplastic Pipe, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thermoplastic Composite Pipe segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $726.8 Million, While China is Forecast to Grow at 8.1% CAGR

The Thermoplastic Pipes market in the U.S. is estimated at US$726.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$802 Million by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Select Competitors (Total 45 Featured):

  • Advanced Drainage Systems Inc.
  • Airborne Oil & Gas B.V.
  • Baker Hughes Company
  • Chevron Phillips Chemical Company
  • Georg Fischer Piping Systems Ltd.
  • IPEX Inc.
  • KWH Pipe
  • Magma Global
  • National Oilwell Varco
  • Prysmian Group
  • Shawcor
  • Technip
  • TechnipFMC
  • Uponor Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Thermoplastic Pipes Competitor Market Share Scenario Worldwide (in %): 2020E
  • Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • Market Facts & Figures
  • Market Analytics
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • Market Facts & Figures
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION

  • Total Companies Profiled: 45

For more information about this report visit https://www.researchandmarkets.com/r/htfsvg


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SPENCER, Mass.--(BUSINESS WIRE)--Blueshift® announced today that it has achieved AS 9100D certification, demonstrating that its quality management system (QMS) is in accordance with AS 9100D and ISO 9001:2015 and meets rigorous international requirements.

“This certification demonstrates we are committed to continual improvement.” – said Chelsea Lowe, Quality Management Representative. “We wanted to demonstrate to our customers that we are focused on their needs for superior quality products and reliable delivery, and our team truly came together to achieve this milestone.”

The AS 9100 standard is based on the widely used ISO 9001 standard, with additional requirements specific to the aerospace and defense industry. The latest revision of the standard, AS 9100D, incorporates the entire ISO 9001:2015 requirements and incorporates several other requirements for the aerospace and defense industries, including requirements related to safety, quality, risk management, on-time delivery, and direct senior management involvement. The standard is accepted worldwide and contains requirements for a thorough QMS that provides suppliers with safe and reliable products to be distributed throughout the Aviation, Space and Defense (AS&D) Industries. Many major AS&D manufacturers and contractors require their suppliers and partners are certified to the AS 9100D standard. As a result, this certificate allows for Blueshift to collaborate with a much wider range of organizations.


In addition to creating more opportunities, the development of a thorough QMS is beneficial to Blueshift’s internal organization. The AS 9100 standard and requirement of a Quality Policy emphasizes continual improvement, allowing for Blueshift to further develop and improve internal efficiency. By planning, documenting, developing, and implementing a QMS that meets the AS 9100 Standard, Blueshift will continue to strengthen as an organization, and strive to meet customers' complex and ever-changing design requirements.

“Major aerospace and defense companies expect key material suppliers to be AS 9100D certified.” – commented Tim Burbey, President of Blueshift. “This marks a major milestone for Blueshift as the adoption of our heat shields, antenna covers, and thermal management tapes continues to accelerate. This certification strengthens our value proposition and validates our efforts to standardize quality processes.”

About Blueshift

Blueshift Materials, Inc. developed and manufactures in a roll-to-roll format a thin high performance polymer aerogel film called AeroZero® and AeroZero laminates. AeroZero is 85% air, and the company has branded it Structured Air. We closely collaborate with our customers to develop customized solutions, support innovative designs, and address application challenges. For more information, email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1-888-350-7586.


Contacts

Danny Kamenecka
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585-683-1374

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) today announced that Advent Chief Marketing Officer Chris Kaskavelis will speak at the Saudi Energy Meet Virtual Expo and Summit on Thursday, April 8, 2021. The Summit will bring together speakers from oil & gas, renewables, hydrogen, power, utilities and more on April 7-8 to discuss the future of energy post COVID-19 and progress towards reaching renewable energy goals.


Dr. Kaskavelis will discuss Advent’s patented high-temp membrane technology for fuel cells that allows automotive, aviation, maritime and power generation industries to access Advent’s ‘Any Fuel, Anywhere’ option – a robust, long-lasting, low-cost fuel cell product that succeeds in extreme environments.

Advent’s presentation will take place live at Day 2 of the Summit at 13:20 GMT +3. Registration to follow the program is found here: https://saudienergymeet.com/contact/.

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is an innovation-driven company in the fuel cell and hydrogen technology space. Our vision is to accelerate electrification through advanced materials, components, and next-generation fuel cell technology. Our technology applies to electrification (fuel cells) and energy storage (flow batteries, hydrogen production) markets, which we commercialize through partnerships with Tier1s, OEMs, and System Integrators. For more information on Advent Technologies Holdings, Inc., please visit the company’s website at https://www.advent.energy/.


Contacts

Advent Technologies
Elisabeth Maragoula
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Sloane & Company
Joe Germani / Alex Kovtun / James Goldfarb
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  • Portable, rugged Puma 3 All Environment (AE) unmanned aircraft system provides immediate tactical reconnaissance capabilities for land and maritime operations
  • Four orders received encompass procurement of Puma 3 AE tactical unmanned aircraft systems and initial spares packages

SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced its receipt of four firm-fixed-price orders totaling $11,527,074 from the NATO Support and Procurement Agency (NSPA) for Puma™ 3 AE tactical UAS and initial spares packages.



The orders are part of a three-year base contract received from NSPA in January 2020. The contract includes an option for two additional years of logistics support for Raven®, Wasp® and Puma tactical UAS. The total potential value of the multi-year contract is $80 million, encompassing the procurement and sustainment of AeroVironment tactical UAS employed by the defense forces of several NATO countries.

AeroVironment received the orders in October and December 2020, with delivery anticipated by June 2021.

“The Puma AE unmanned aircraft system enables frontline forces to gather real-time intelligence, surveillance and reconnaissance in any operational environment,” said Trace Stevenson, AeroVironment vice president and small UAS product line general manager. “Puma AE and other products within AeroVironment’s family of tactical UAS use a common ground control station and software, providing increased capability to the warfighter and greater interoperability among NATO forces.”

AeroVironment’s Puma 3 AE unmanned aircraft system is designed for land and maritime operations. The hand-launched Puma 3 AE has a wingspan of 9.2 feet, weighs 15 pounds and can operate for up to 2.5 hours. The aircraft also has a range of 12.4 miles (20 kilometers) with a standard antenna, and up to 37.2 miles (60 kilometers) with AeroVironment’s Long-Range Tracking Antenna (LRTA). It also features reduced system packaging with a flyable configuration and GCS in one case. Capable of landing in water or on land, the all-environment Puma 3 AE and Mantis i45 EO/IR sensor suite empower operators with extended flight time and a level of imaging capability never before available in the tactical UAS class.

AeroVironment’s family of tactical UAS comprises the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory and its rapidly growing international customer base of more than 50 allied governments. To learn more, visit www.avinc.com.

ABOUT AEROVIRONMENT UNMANNED AIRCRAFT SOLUTIONS

AeroVironment’s portfolio of intelligent, multi-domain robotic systems includes small footprint, runway-independent unmanned aircraft systems. The JUMP® 20, T-20™ and Puma™ LE provide extended range, multi-payload capabilities, and the Puma™ RQ-20, Raven® RQ-11B, Wasp® RQ-12A, VAPOR® Helicopter and automated Quantix™ Recon deliver highly tactical, frontline situational awareness. These solutions deliver increased, multi-mission capabilities and the option of selecting the appropriate aircraft based on the type of mission to be performed. These capabilities have the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel, as well as greater safety, scalability and cost-savings to commercial operators. AeroVironment provides turnkey ISR and support services worldwide to ensure a consistently high level of mission success. AeroVironment has delivered tens of thousands of new and replacement unmanned air vehicles to customers within the United States and to more than 50 allied governments. For more information, visit https://www.avinc.com/uas.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

ABOUT NSPA

The NATO Support and Procurement Agency (NSPA) brings together, in a single organization, acquisition, logistic, medical and infrastructural capabilities. As NATO’s primary enabler, the Agency’s mission is to provide effective and cost efficient multinational solutions to the Alliance, its thirty Nations and Partners. Headquartered in Luxembourg, NSPA is a customer-funded agency, operating on a "no profit - no loss" basis, with an annual business volume of €4 billion. For more information, visit: www.nspa.nato.int

SAFE HARBOR STATEMENT

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.


Contacts

Makayla Thomas
AeroVironment, Inc.
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
+1 (213) 247-4109
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The materials aim to address workplace safety needs to help reduce electrical injuries and fatalities.

ARLINGTON, Va.--(BUSINESS WIRE)--May is National Electrical Safety Month, and the Electrical Safety Foundation International (ESFI) is launching its annual effort to help reduce electrically-related fatalities, injuries, and property loss. This year's campaign theme is “Connected to Safety,” which aims to educate the workforce about solar panel and temporary power safety precautions, and helps businesses prepare their facilities for electric vehicle charging.



There were 166 electrical fatalities in 2019, a 3.75% increase over 2018, and the highest amount of electrical fatalities since 2011. ESFI created this year’s National Electrical Safety Month resources to address workplace safety needs to prevent these avoidable injuries and deaths. “Contact with electricity is one of the leading causes of construction workplace fatalities,” said ESFI’s President Brett Brenner. “This is why workers must receive proper training on how to work with or around electricity safely.”

Featured National Electrical Safety Month resources include Solar PV Electrical Safety, which highlights that solar photovoltaic installer jobs are expected to increase at a much higher rate than the average of all occupations. These installers must learn how to stay safe while working with or around solar panels. Temporary Power Safety details the proper safety procedures for working with or around temporary power. Temporary power is essential to construction worksites but poses a risk to workers. Following safety procedures is imperative to prevent accidents with temporary power. Installing Electrical Vehicle Chargers delivers information for businesses interested in installing electric vehicle chargers in their building. As many consumers consider or purchase electric vehicles, business owners may want to consider installing chargers in their facility as an incentive to employees while showing their corporate social responsibility.

Electrical safety awareness and education among employees and employers will prevent future workplace electrical injuries and fatalities. For ESFI’s complete collection of free-to-share National Electrical Safety Month resources to use throughout your community, visit esfi.org.

ABOUT ESFI

The Electrical Safety Foundation International (ESFI) sponsors National Electrical Safety Month each May to increase public awareness of the electrical hazards around us at home and in the workplace. ESFI is a 501(c)(3) non-profit organization dedicated exclusively to promoting electrical safety.


Contacts

Brianne Deerwester
Electrical Safety Foundation International
703.841.5935
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  • Software upgrades improve user experience and cut design time in half
  • New automated functions aid productivity and drive projects to be completed on budget and on schedule
  • Cloud-based configurator ensures product data is accurate and up to date while enabling collaborative design and engineering from anywhere

BOSTON--(BUSINESS WIRE)--#BIMjustgoteasier--Schneider Electric, the leader in digital transformation of energy management and automation, today announced release of the new LayoutFAST software tool with enhanced user interface, configuration and design automation features – bringing greater speed, efficiency and accuracy to building information modeling (BIM) and electrical design.



Building on its award-winning software, the new LayoutFAST offers an intuitive, cloud-based product configurator with parametric BIM objects and, for a limited time, free vendor agnostic design assist features. Consulting engineers, contractors, modelers and electrical designers can benefit from this free tool to select, configure and edit product models in an integrated design environment.

“Building information modeling just got easier with the new LayoutFAST! Our enhanced design software allows you to seamlessly integrate customized and always accurate BIM objects from the cloud, into your design,” said Bassem Ammouri, Director, Energy Management Software for Schneider Electric. “And thanks to our new pro features – like one-line diagram automation – design work goes from minutes, to seconds.”

LayoutFAST integrates with Autodesk Revit® BIM software and provides access to design data, drawings, specifications, and pricing across the entire Schneider Electric, Square D™, APC™, and ASCO™ portfolio. Accessible through the Revit or AutoCad plugin, via a web browser or mobile device, LayoutFAST offers easy and convenient product configuration – from schematics all the way to facilities management – in a few simple clicks.

The new LayoutFAST offers enhanced functionality for greater:

  • Speed: Reduce product selection time and make on-the-fly BIM changes by automatically generating single-line diagrams and riser diagrams based on your connected electrical distribution in Revit. Save time and increase productivity with page loads and downloads that now process twice as fast.
  • Efficiency: Avoid manual efforts with advanced configuration options that reduce the inefficiencies associated with generic BIM object tools. Quickly configure control panels based on automated and predetermined rules, create comprehensive bills of materials, and easily share with colleagues or manufacturers in a matter of seconds.
  • Accuracy: Keep stakeholders aligned, reduce change orders and minimize risk with accurate modeling designed for real-world operating conditions. Gain peace of mind with BIM objects that have been upgraded to the newest version of Revit to maintain universal standards and enhanced for greater precision.

The new LayoutFAST supports the digital transformation needed to thrive in today's ways of working, and remote connectivity is essential for effective collaboration. The BIM object creator and web-based, product design tools are completely free. And, certain features – such as the one-line diagram and riser diagram automation – will be free while in the Beta phase.

Create top-tier designs with the new LayoutFAST – configure your next project today: https://www.se.com/us/en/partners/resources/layoutfast/

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Discover Life Is On
Follow us on: Twitter Facebook LinkedIn YouTube Instagram Blog

Hashtags: #BIMjustgoteasier #LayoutFAST LifeIsOn


Contacts

Schneider Electric Media Relations – Vicki True, Phone: 774-613-1158, This email address is being protected from spambots. You need JavaScript enabled to view it.

WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it will issue a press release containing its first quarter 2021 financial results after the Nasdaq closes on Monday, May 3, 2021. On Tuesday, May 4, 2021 at 10:00 a.m. Eastern Time, Chief Executive Officer Jonathan Pertchik, President Barry Richards and Chief Financial Officer and Treasurer Peter Crage will host a conference call to discuss these results.


The conference call telephone number is (877) 329-4614. Participants calling from outside the United States and Canada should dial (412) 317-5437. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Tuesday, May 11, 2021. To hear the replay, dial (412) 317-0088. The replay pass code is 10153756.

A live audio webcast of the conference call will also be available in a listen-only mode on the company's website, which is located at www.ta-petro.com. Participants who want to access the webcast should visit the company's website about five minutes before the call. The archived webcast will be available for replay on the company's website after the call.

About TravelCenters of America Inc.:

TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its nearly 20,000 employees serve customers in over 270 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, convenience stores, truck maintenance and repair, full-service and quick-service restaurants, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates over 600 full-service and quick-service restaurants and 9 proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.


Contacts

Kristin Brown, Director, Investor Relations
(617) 796-8251

Enables long-range, pier-launched, fully autonomous seabed surveys

BOSTON--(BUSINESS WIRE)--Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, today announced a commercial partnership with Metron, Inc. This partnership will directly support the commercialization of Metron’s Autonomy, Navigation, Command & Control (ANCC) software suite on Dive Technologies’ large displacement autonomous underwater vehicle (AUV), the DIVE-LD. Initial sea testing of the DIVE-LD with ANCC software was completed in December 2020.



“The DIVE-LD is pier-launched and designed to stay at sea for up to ten days. The capability of Metron’s advanced autonomy technology is paramount to the AUV’s mission success,” says Bill Lebo, Co-Founder of Dive Technologies. “Metron’s ANCC suite is a critical enabler to the DIVE-LD’s success in long duration survey missions for our offshore oil and gas and wind customers where unplanned contingencies occur and mission failure is not an option.”

Metron’s advanced autonomy software system is based on nearly a decade of research and development focused on enabling long-duration underwater missions in complex and dynamic environments. Capabilities such as obstacle avoidance and dynamic mission replanning and re-tasking are enabled through internal simulations that allow the vehicle to play out potential future scenarios and make the best decisions leading to overall mission success.

“We’re excited to bring this partnership to life this spring as we embark on our first commercial survey jobs off the east coast,” continues Lebo.

“Metron is thrilled to bring our autonomy experience to the commercial market in partnership with Dive Technologies,” says Van Gurley, CEO of Metron. “Our capabilities for advanced, onboard decision-making combined with the DIVE-LD’s endurance and low cost creates a unique capability for clients. Our systems provide for the autonomous decision-making and dynamic onboard mission replanning that is necessary for reliable, long duration operations where mission failure would be costly and human intervention not always possible.”

About Dive Technologies: Founded in 2018, Dive Technologies designs, develops, and deploys premier autonomous underwater vehicles for large-scale commercial and defense data collection. Utilizing deep domain expertise, Dive Technologies is building highly scalable and flexible, fastest to the sea, and best-in-class AUV platforms that combine purpose-driven technology with an intuitive architecture to help customers rapidly and efficiently collect underwater data. For more information, please visit www.divetechnologies.com.

About Metron: Metron, Inc. has a 35 year history of developing innovative solutions to the most challenging technical problems through a rigorous first-principles problem-solving approach. Metron delivers creative, tailored solutions at the intersection of advanced mathematics, computer science, physics, and engineering. Core capabilities in the advanced autonomy domain include sortie and mission planning software, physical systems modeling, mission and platform level modelling and simulation, and failure forecasting and mitigation in autonomous systems. For more information, please visit www.metsci.com.


Contacts

Sam Russo
Dive Technologies, Inc.
617.275.5500
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Aaron Wagner
Metron, Inc.
703.326.2932
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LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:


TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) will issue its first quarter 2021 earnings release after the close of the New York Stock Exchange on Tuesday, April 27, 2021. The Company will also host its first quarter 2021 earnings release teleconference on Wednesday, April 28, 2021, at 1 p.m. London time (8 a.m. New York time).

To participate in the conference call, you may call any of the following telephone numbers approximately 10 minutes prior to the scheduled start time:

France:

+33 (0) 1 70 80 71 53

United Kingdom:

+44 (0) 203 107 0289

United States:

+1 844 304 0775

International (Other):

+1 970 297 2369

Callers should reference Conference ID 9651217.

The event will be webcast simultaneously and can be accessed at https://edge.media-server.com/mmc/p/a5d5k9an.

Those interested in listening to the webcast should register on the website at least 10 minutes before the call begins.

An audio replay of the call will be available online at approximately 8 p.m. London time (3 p.m. New York time) on April 28, 2021.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC utilizes its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.


Contacts

Investor relations
Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

James Davis
Senior Manager Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Media relations
Nicola Cameron
Vice President Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Solar Energy Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.


The global solar energy market is expected to grow at a compound annual growth rate of 5.12% over the forecast period to reach a market size of US$267.747 billion in 2026 from US$68.579 billion in 2019.

The global solar energy market is growing at a significant rate in the recent years and have been expected to increase more in the upcoming years. The major driving forces for such a growth in this market are increasing concerns of the economies towards the environment sustainability and decarbonization making the power energy companies to improvise their technology towards renewable sources in an efficient way. To support this, governments are also providing the rebate policies to further promote the renewable energy market. Solar energy comes up as third renewable source of energy across the world, and one of the reliable sources from household consumption's point of view. People can have solar energy systems at their rooftops and though, the main concern for the general people to use the cost and the space of plantation of the solar energy. The COVID-19 has slowed the progress a little, but as per IEA report, the renewable energy sector is most resilient to the crisis and will continue to grow as forecasted. Despite the disruption in each sector, solar energy is expected to remain resilient in 2020. However, irrespective of the growing revenue, the cost of production for companies is also decreasing due to government policies, thus, increasing the scope of future strategic investment for the companies in the coming years.

In the upcoming years, all the countries have potential growth of the solar energy, Germany, India, and US are having the significant potential to grow. India is planning to increase the dependency of electricity more on the renewable sources to 55% by 2030 as the demand has been projected to increase by 15280 TWH by 2040 and investments will increase to US$ 500 billion by 2028 (source: IBEF). It can be noticed that there may be a growth of the PV solar plants in the coming period due to cost-competitiveness. While US has accounted for the 8300 MW installed capacity in 43 states in 2019, representing over 70% of all the commercial solar capacity installed in the US (source: SEIA)). The top companies of the US are also shifting their technology towards the solar energy, having Apple and Amazon having the highest installed capacity among them

Companies Mentioned

  • Jinko Solar (China)
  • JA Solar Technology Co Ltd (Parent company - China)
  • Trina Solar (China)
  • LONGi Solar
  • Canadian Solar
  • Hanwha Q-CELLS (South Korea)
  • Risen Energy (China)
  • GCL-SI (China)
  • First Solar (US))
  • Talesun Energy
  • SunPower Corporation (US)
  • Adani Group (India)
  • Azure Power Global Limited (India)
  • Tata Power (India)
  • Sunways AG (in doubt)
  • Motech Industries (Taiwan)
  • Urja Global Ltd (India)
  • Waaree group (India)
  • BrightSource Energy Inc (US)
  • eSolar Inc (US)
  • Yingli Solar
  • Wuxi Suntech Power Co Ltd

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis

5. Global Solar Energy Market Analysis, By Product type

5.1. Introduction

5.2. Silicon

5.3. Thin Sheet

5.4. Poly-crystalline

5.5. Mono-crystalline

6. Global Solar Energy Market Analysis, By Area

6.1. Introduction

6.2. Rural areas

6.3. Urban areas

7. Global Solar Energy Market Analysis, By technology

7.1. Introduction

7.2. PV

7.3. CSP

7.4. Solar heating and cooling

8. Global Solar Energy Market Analysis, By Application

8.1. Introduction

8.2. Residential

8.3. Commercial/Industrialization

9. Global Solar Energy Market Analysis, by Geography

9.1. Introduction

9.2. North America

9.3. South America

9.4. Europe

9.5. Middle East and Africa

9.6. Asia

10. Competitive Environment and Analysis

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. Company Profiles

11.1. Jinko Solar (China)

11.2. JA Solar Technology Co Ltd (Parent company - China)

11.3. Trina Solar (China)

11.4. LONGi Solar

11.5. Canadian Solar

11.6. Hanwha Q-CELLS (South Korea)

11.7. Risen Energy (China)

11.8. GCL-SI (China)

11.9. First Solar (US))

11.10. Talesun Energy

11.11. SunPower Corporation (US)

11.12. Adani Group (India)

11.13. Azure Power Global Limited (India)

11.14. Tata Power (India)

11.15. Sunways AG (in doubt)

11.16. Motech Industries (Taiwan)

11.17. Urja Global Ltd (India)

11.18. Waaree group (India)

11.19. BrightSource Energy Inc (US)

11.20. eSolar Inc (US)

11.21. Yingli Solar

11.22. Wuxi Suntech Power Co Ltd

For more information about this report visit https://www.researchandmarkets.com/r/jblasf


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--This is to advise you that BP Prudhoe Bay Royalty Trust (NYSE: BPT) announces that the dividend information for the First Quarter of 2021 is as follows:

 

Ex- Dividend Date:

April 15, 2021

Record Date:

April 16, 2021

Payable Date:

April 20, 2021

 

Dividend Rate:

$0.00 per Unit*

*

Actual average daily production for the quarter was 74,574 BBLS.

As provided in the Trust Agreement of the Trust, the quarterly royalty payment by BP Alaska to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of such revenues is obtained by multiplying Royalty Production for each day in the calendar quarter by the Per Barrel Royalty for that day. Pursuant to the Trust Agreement, the Per Barrel Royalty for any day is the WTI Price for the day less the sum of (i) Chargeable Costs multiplied by the Cost Adjustment Factor and (ii) Production Taxes. As discussed in Item 1A “RISK FACTORS”, of the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, on January 1, 2021, the “break-even” WTI price (the price at which all taxes and prescribed deductions are equal to the WTI price) for the Trust to receive a positive Per Barrel Royalty with respect to a particular day’s production was $60.72. While the average first quarter 2021 WTI price increased to $57.82 from an average of $42.66 for the fourth quarter of 2020, the daily closing WTI price ranged from approximately $48 to $66 per barrel during the quarter such that the average daily WTI price was below the “break-even” point for the quarter, resulting in a negative value for the payment calculation for the quarter. However, as provided in the Trust Agreement, the payment with respect to the Royalty Interest for any calendar quarter may not be less than zero.

Neither the Trust nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, the Trust’s subsequent Quarterly Reports on Form 10-Q, and all of the Trust’s other filings with the SEC. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.

Any questions, please feel free to contact The Bank of New York Mellon Trust Company, N.A. at 713-483-6020.


Contacts

The Bank of New York Mellon Trust Company, N.A.
Elaina Rodgers
713-483-6020

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