Long-term partnership aims to develop, manufacture and distribute region-specific premium electric motorcycles, with the Damon HyperSport as the flagship entrant

VANCOUVER, British Columbia--(BUSINESS WIRE)--Damon Motors today announced a strategic alliance with Auteco Mobility to deliver the world’s smartest, safest, connected electric motorcycles to the Latin American market. The two companies plan to collaborate for sales and support of Damon-branded motorcycles, including Damon’s flagship HyperSport superbike as well as the development and manufacturing of new Damon products specifically designed to meet the needs of Latin American riders. Additionally, Auteco plans to license aspects of Damon’s CoPilot™ safety technology for use in their own Victory branded motorcycles. The Damon CoPilot system is the first adaptive 360 degree safety warning system in the motorcycle industry. Learn more about the Damon/Auteco partnership in this video.

“Damon and Auteco Mobility jointly believe we need to deliver significantly safer motorcycles, while accelerating a clean energy future,” said Jay Giraud, founder & CEO, Damon Motors. “With this shared vision of motorcycle electrification, we’re excited to introduce the Damon Experience to this new region and customize our innovation to create the quintessential Latin American Damon motorcycle brand.”

Auteco has been the undisputed market leader in ICE motorcycles for more than 12 years in Colombia and is a pioneer and clear leader in electric personal motorcycles, bicycles and kick scooters. Auteco offers Latin America’s largest network of exclusive dealers (800+), workshops (550+), and spare parts points of sale (3,000+). Under terms of the agreement, Auteco will leverage its market intelligence to collaborate with Damon in creating a purpose-built Latin America-specific Damon motorcycle. Auteco and Damon also plan to execute a local sales strategy across Auteco’s expansive network.

“Damon’s high-performance HyperSport has captured the imagination of Latin American riders who crave safer, technologically-advanced, electric motorcycles,” said Jose Fernando Vasquez Gutierrez, chairman of the board, Auteco Mobility. “Together with Damon Motors, we look to fulfill this market need and deliver an ultra-premium, North American EV product line for the next-generation of motorcyclists.”

Damon aims to deliver the safest and cleanest premium, high-technology motorcycles on the market. The company was born to push limits, challenging the motorcycling establishment and changing the rules with its award-winning HyperSport. Damon is the first to incorporate sensor fusion, mechatronics and AI, so that every time a HyperSport is ridden, it adapts to meet the rider’s evolving needs and abilities. Damon is showing the world that the future of motorcycling is smarter, safer, more exhilarating, and more personal with the fusion of man and machine. To see the Damon HyperSport in action, watch this video.

For more information on Damon Motors, visit www.damon.com.

About Damon Motors Inc.

Damon is unleashing the full potential of personal mobility for the world’s commuters. With its HyperDrive™ proprietary electric powertrain, the company has developed the world’s safest, smartest, fully connected electric motorcycle platform employing sensor fusion, mechatronics and AI. Based in Vancouver, Canada, Damon is founded by serial entrepreneurs Jay Giraud and Dom Kwong. Learn more at damon.com and follow us on Instagram @damonmotorcycles.

About Auteco Mobility

Auteco Mobility is leading Latin America’s transition from combustion into electric vehicles. The company is a pioneer in electric mobility products ranging from electric bicycles, scooters, mopeds, and motorcycles to light-weight passenger and cargo vehicles.

Auteco Mobility is a major importer and manufacturer of motorcycles, with direct presence in Colombia and Mexico. Auteco’s operational excellence has enabled them to capture significant market share, which they have leveraged with the introduction of their own rapidly growing Victory motorcycle brand, with plans to expand internationally in 2021. For more information, visit www.autecomobility.com.

Donna Loughlin Michaels
Loughlin Michaels Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
(408) 393-5575

DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty”) announced today the pricing of an underwritten public offering of an aggregate of 12,299,996 shares of its Class A common stock by R/C Energy IV Direct Partnership, L.P. and R/C IV Liberty Holdings, L.P. (“Riverstone”), at $15.60 per share. Upon the closing of this offering, Riverstone will have fully exited its investment in Liberty. Liberty will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.

Morgan Stanley is acting as the underwriter for the offering.

The offering of these securities will be made only by means of a prospectus supplement. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering, as well as copies of the final prospectus supplement once available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

The offering is being made pursuant to an effective shelf registration statement and prospectuses filed by Liberty with the Securities and Exchange Commission (the “SEC”). 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 jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction.

About Liberty

Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado.

Forward-Looking and Cautionary Statements

The information above includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as “may,” “expect,” “estimate,” “project,” “plan,” “believe,” “intend,” “achievable,” “anticipate,” “will,” “continue,” “potential,” “should,” “could,” and similar terms and phrases. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the SEC. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for us to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in “Item 1A. Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 24, 2021, and in our other public filings with the SEC. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements.

Michael Stock
Chief Financial Officer
303-515-2851
This email address is being protected from spambots. You need JavaScript enabled to view it.

FORT LEE, N.J.--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer Power" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Nathan Mazurek, Pioneer Power’s Chairman and Chief Executive Officer, said, “Inclusion in the broadly referenced Russell index will bring us increased exposure to a larger audience of potential new investors. We look forward to communicating with them about our new strategic direction. Specifically, we are focusing our product and services towards speeding installation of EV charging facilities. Most sites for charging are existing structures that may not have the specialized power infrastructure for easy installation of vehicle charging stations. This is a rapidly evolving industry, and we believe our PowerBloc product and other power equipment solutions can ease the move to EV. We are eager to do our part in the move towards a zero-carbon future.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Pioneer Power Solutions, Inc.

Pioneer Power Solutions, Inc. manufactures, sells and services a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company’s principal products include switchgear and engine-generator controls, complemented by a national field-service network to maintain and repair power generation assets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Safe Harbor Statement:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully increase its revenue and profit in the future, (ii) general economic conditions and their effect on demand for electrical equipment, (iii) the effects of fluctuations in the Company’s operating results, (iv) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (v) the Company’s dependence on a single customer for a large portion of its business, (vi) the potential loss or departure of key personnel, (vii) unanticipated increases in raw material prices or disruptions in supply, (viii) the Company’s ability to realize revenue reported in the Company’s backlog, (ix) future labor disputes, (x) changes in government regulations, (xi) the fact that the Company’s chairman, who controls a majority of the Company’s voting power, may develop interests that diverge from yours, (xii) the liquidity and trading volume of the Company’s common stock and (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event.

More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Brett Maas, Managing Partner
Hayden IR
(646) 536-7331
This email address is being protected from spambots. You need JavaScript enabled to view it.

Zen Welcomes New CEO with Significant Sustainability Aspirations

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Zen Ecosystems announced today that Wannie Park has been named CEO, succeeding James McPhail as he moves on to other ventures.

A seasoned executive with more than 20 years of experience in energy, renewables, IoT, and SaaS, Wannie will take on scaling sustainability as a service across multiple markets and verticals and continue to build Zen’s customer-centric solutions focused on reducing energy consumption and cost while maximizing the use of renewable energy resources. He’s passionate about leveraging technology to make a tangible impact against climate change by redefining the way businesses interact with energy. Check out his full bio here.

“Zen is ideally positioned at the epicenter of global sustainability efforts,” said Gerd Goette, Zen's Board Chairman. He continued, “Wannie’s passionate focus on sustainability is driving the partnerships that support Zen’s mission of providing businesses with the tools to reduce greenhouse gas emissions.”

With his battle-tested experience and leadership in the sustainability industry, fusing these ideas with Zen’s core mission is a top priority. Zen will continue to streamline the management of energy reduction and cost savings while reducing greenhouse gas emissions for their customers with their award-winning Zen Thermostat and Zen HQ. Upcoming partnerships and services that are in production will further assist the ease of implementing sustainability practices for small to medium businesses.

About Zen Ecosystems

Zen Ecosystems provides an intelligent energy management platform that helps small to medium-sized businesses take control of their energy usage while meeting sustainability goals. Zen HQ provides insights and control over commercial energy usage while delivering the fastest payback in the market. The Zen Thermostat is a beautiful, simple connected device for home and business that also enables multi-system operators to enhance the customer experience. Zen Ecosystems was recognized in 2018 as the Gold Stevie Award Winner for Energy Industry Innovation of the year. In 2020, their Zen Loop was recognized by the American Business Awards with a Bronze Stevie Award in the Energy Innovation of the Year as well as a Bronze Stevie Award in Company of the Year in Energy. Zen was also awarded for Global Sustainability Leadership by the Business Intelligence Group. In 2021, Zen was honored as the Gold Stevie Award Winner for Company of the Year in Energy. Learn more at http://zenecosystems.com.

Nicole Ricouard
Marketing Director
This email address is being protected from spambots. You need JavaScript enabled to view it.
zenecosystems.com

Partnership Helps WizNucleus Clients Enhance their Preparedness for Cyber and Other Security Threats, While Increasing Critical Event Management (CEM) Adoption in the Energy Industry

BURLINGTON, Mass.--(BUSINESS WIRE)--Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical event management (CEM), and WizNucleus, provider of cyber and physical security solutions to nuclear and electric grid customers, today announced a partnership to increase digital and physical security for some of the world’s largest nuclear, electric, and other utility companies. The partnership helps expand CEM adoption within the energy industry.

Through the partnership, WizNucleus customers gain seamless access to Everbridge’s CEM solutions, including Control Center, helping increase preparedness for a wide range of digital and physical threats. WizNucleus offers deep domain expertise in the operational and regulatory requirements of the nuclear industry, among other large enterprises. The company provides software, design engineering process, system integration, documentation and testing to support cyber and physical security to critical infrastructure customers. Together, Everbridge and WizNucleus tackle the highly specialized challenges power generation companies face in maintaining modular, scalable, upgradeable, and self-serviceable systems, while meeting strict federal regulations.

“Combining Everbridge’s global critical event management leadership along with our software suite enables us to address dynamic cyber, physical and emergency management threats effectively,” said Krish Shetty, CEO, WizNucleus. “We painstakingly select the highest quality partners, and we chose Everbridge out of numerous other companies because of their caliber and willingness to support the objectives of our mission-critical customers.”

Numerous U.S. power generation parent companies leverage Everbridge CEM as their corporate emergency management platform. Protection of critical infrastructure at large power and other facilities remains vital as instances of cyberattacks against major national providers increase, interrupting supply chains and impacted economies.

Recently, a large U.S. nuclear plant selected WizNucleus/Everbridge to replace their protected area security computer system previously maintained by a proprietary vendor for years. The nuclear facility selected the new PSIM (Physical Security Integration Management) system to comply with industry regulations, while enabling adoption of new security technologies faster in the future.

Over 5,700 global customers rely on Everbridge to keep their people safe and organizations running in anticipation of, or amid, critical events. Everbridge customers include some of the largest firms and leaders in their respective industries, including Fortune 1000 businesses such as Bristol Myers Squibb, Cisco, CVS Health, Goldman Sachs, Lowe’s, Tiffany & Co., and insurance providers like Anthem, chemical giant Dow, and telecom consumer electronics company Nokia, as well as some of Silicon Valley’s leading tech giants, global e-commerce firms, streaming media services, oil and natural gas providers, hotel and hospitality chains, automotive, courier delivery, aerospace and defense technology, air travel, and major car rental firms.

“We remain excited about our partnership with WizNucleus which enables Everbridge to expand critical event management adoption among major nuclear and electric grid providers amidst an increasingly volatile and uncertain global threat landscape,” said Vernon Irvin, Chief Revenue Officer at Everbridge. “For mission-critical infrastructure and energy providers, the ability to assess and successfully accelerate the response to, and mitigation of, cyber and physical threats often mean the difference in effectively protecting life safety and vital resources that power our communities.”

About WizNucleus

WizNucleus provides cyber and physical security solutions to nuclear and electric grid customers. The company’s Cyberwiz-Pro software is used by nuclear and electric enterprises to manage their cyber security programs. WizNucleus has a successful track record in delivering next-generation critical infrastructure cyber and physical security solutions that detect, assess, and automate compliance.

About Everbridge

Everbridge, Inc. (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to Keep People Safe and Organizations Running™. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events including IT outages, cyberattacks or other incidents such as product recalls or supply-chain interruptions, over 5,700 global customers rely on the Company’s Critical Event Management Platform to quickly and reliably aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes through the secure delivery to over 100 different communication modalities, and track progress on executing response plans. Everbridge serves 8 of the 10 largest U.S. cities, 9 of the 10 largest U.S.-based investment banks, 47 of the 50 busiest North American airports, 9 of the 10 largest global consulting firms, 8 of the 10 largest global automakers, 9 of the 10 largest U.S.-based health care providers, and 7 of the 10 largest technology companies in the world. Everbridge is based in Boston with additional offices in 20 cities around the globe. For more information visit www.everbridge.com

Cautionary Language Concerning 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, including but not limited to, statements regarding the anticipated opportunity and trends for growth in our critical communications and enterprise safety applications and our overall business, our market opportunity, our expectations regarding sales of our products, our goal to maintain market leadership and extend the markets in which we compete for customers, and anticipated impact on financial results. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the ability of our products and services to perform as intended and meet our customers’ expectations; our ability to successfully integrate businesses and assets that we may acquire; our ability to attract new customers and retain and increase sales to existing customers; our ability to increase sales of our Mass Notification application and/or ability to increase sales of our other applications; developments in the market for targeted and contextually relevant critical communications or the associated regulatory environment; our estimates of market opportunity and forecasts of market growth may prove to be inaccurate; we have not been profitable on a consistent basis historically and may not achieve or maintain profitability in the future; the lengthy and unpredictable sales cycles for new customers; nature of our business exposes us to inherent liability risks; our ability to attract, integrate and retain qualified personnel; our ability to maintain successful relationships with our channel partners and technology partners; our ability to manage our growth effectively; our ability to respond to competitive pressures; potential liability related to privacy and security of personally identifiable information; our ability to protect our intellectual property rights, and the other risks detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission (“SEC”), including but not limited to our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 26, 2021. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.

All Everbridge products are trademarks of Everbridge, Inc. in the USA and other countries. All other product or company names mentioned are the property of their respective owners.

Everbridge Contacts:
Kevin Carter
Media Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

Joshua Young
Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.

WizNucleus Contact:
Sumesh Mody
Project Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

Combination Creates Expansion Opportunities, Enhances Supply Chain for Customers

HOUSTON--(BUSINESS WIRE)--#Flanges--AFG Holdings, Inc. (“AFG” or the “Company”) today announced that it has acquired Maass Flange Corporation, the North American assets of Maass Global Group, including its businesses in Mexico and Canada. Maass Flange Corporation is the largest domestic manufacturing supplier of stainless and nickel alloy flanges in North America.

“Maass’ market-leading positions in stainless and nickel alloys aligns well with AFG Holdings’ market leadership in carbon flanges, creating combined bundling opportunities through a unified supply chain while reducing costs for our customers,” commented Joe Jenkins, President of AFG Holdings’ Aero & Industrial division, including Ameriforge and Steel Industries.

The entity will be called ‘Ameriforge LLC’ and will be led by Alex Maass. The acquisition includes all Houston-area facilities, Canada and Mexico. Ameriforge can now offer unparalleled products and capabilities across the spectrum of all forged products—everything from carbon and high yield to specialty alloys—along with complementary products over a uniquely broad spectrum of material grades and dimensions.

About AFG Holdings, Inc.

AFG Holdings, Inc. is a fully integrated OEM providing differentiated technology, products, and services. The Company maintains a market-leading position in many of its businesses, including aerospace, general industrial, oil and gas, and power generation.

About Maass Global Group

The Maass Global Group is a third-generation family company, headquartered in Essen, Germany, focused on alloy, stainless steel and high nickel flange production and complementary products and dates back over 70 years. The Group has operations and production facilities in Germany, the United Kingdom, the Netherlands, India, Dubai, Singapore and Shanghai.

Christine Mathers - Vice President, Marketing & Communications
AFG Holdings, Inc. | 713.393.4361 | This email address is being protected from spambots. You need JavaScript enabled to view it.

LIBERTY LAKE, Wash. & HAMBURG, Germany--(BUSINESS WIRE)--#Digimondo--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and digimondo, market leader in LoRaWAN-based software solutions in Germany, announced a collaboration to integrate Itron’s Cyble 5 communications module into digimondo’s IoT software, giving utilities in the region a flexible, independent way to connect, monitor and manage their water distribution network via LoRaWAN^®.

Combining Itron’s expertise in smart metering and digimondo’s IoT software niota, which offers a technology and hardware independent solution, this collaboration helps utilities create and operate their own LoRaWAN-based network for remote reading of water meters. By taking advantage of Itron’s Cyble 5 out-of-the-box connectivity, and digimondo’s interoperable IoT software capabilities, utilities are now able to transform their mechanical meters into smart devices, and transport the data generated in the field such as meter readings, alarms and diagnosis information, through existing LoRaWAN^® communication networks.

Beyond smart metering, the combined solution harnesses the power of LoRaWAN networks to build the foundation for smart water operations, and smart cities and communities. With digimondo’s latest version of niota, released in February 2021, utilities can also leverage the power of the embedded Digital Twin technology to virtually manage, add or remove communicating endpoints, such as Cyble 5 modules, without data loss or operational downtimes.

“With more than 200 million endpoints delivered, we recognize that devices are the beginning of every customer journey, and we are committed to bringing our expertise to utilities operating under industry-wide networks,” said Justin Patrick, senior vice president of Devices at Itron. “By collaborating with digimondo, we are able to offer our German customers a flexible way to manage and monitor their distribution network based on secure, industry-established IoT open standards.”

“By providing Cyble 5 access to existing LoRaWAN networks, we can now offer a ready-to-use solution for remote reading of water and gas meters in cooperation with Itron,” said Christopher Rath, CEO at digimondo. “The combination of Itron's hardware expertise and our independent IoT software enables our customers in Germany to support their smart metering projects as an IoT use case.”

Itron’s Cyble 5 modules are now available through Pipersberg, Itron’s distribution partner for the German market. Learn more here.

About DIGIMONDO

digimondo GmbH was founded in 2016 by software experts with the vision of creating a better world of tomorrow with the Internet of Things (IoT). The digimondo team, consisting of 25 employees, develops IoT software systems and enables its customers to implement their IoT solutions independently. More than 40 network operators in Germany as well as international customers from industry and facility management use the IoT software solutions. As the IoT pioneer in Germany, the digimondo team has several years of experience in the implementation of IoT projects. DIGIMONDO software is the key for the successful implementation of the first proof of concept, but also for projects of all scaling levels up to the global roll outs. Through the implementation of a specially developed digital twin in the niota software, our customers are able to use the full potential of the collected data from various IoT and non IoT sources.

Further information: www.digimondo.com

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.

First CSP Plant in Latin America to Provide 100% Renewable Energy on 24-Hour Basis

Facility to Supply Chilean National Electrical System with Flexible, Reliable and Safe Energy

WASHINGTON--(BUSINESS WIRE)--EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the inauguration of the Cerro Dominador solar complex following a successful synchronization with the Chilean National Electrical System. Cerro Dominador is wholly-owned by funds managed by EIG.

Located in the heart of Chile's Atacama Desert, one of the best locations in the world for solar generation, the complex comprises a 110 MW CSP plant and a contiguous 100 MW photovoltaic (“PV”) plant that has been operational since 2017. The CSP plant runs on cutting-edge technology that uses solar energy to heat molten salt, which is then stored in large tanks to be used to generate electricity through a steam turbine. This technology provides up to 17.5 hours of energy storage thereby enabling the production of 100% renewable energy 24-hours a day, seven days a week. The complex can offset approximately 640,000 tons of CO2 emissions per year and generate enough energy to power approximately 380,000 homes.

R. Blair Thomas, Chairman & CEO of EIG, said, “We are proud to support this groundbreaking project, which will provide the Chilean national grid with flexible, safe and reliable renewable energy and contribute meaningfully to reducing CO2 emissions in Chile. The project is fully aligned with our ESG goals and priorities and is helping to lay the groundwork for a low carbon future through the production of clean, reliable and cost-effective energy. We are committed to continued investment in future CSP projects in Chile and other parts of the world.”

To commemorate the inauguration of the solar complex, Cerro Dominador hosted a ceremony at the facility that was attended by President Sebastián Piñera of Chile, Juan Carlos Jobet, Chile’s Minister of Energy and Mining, Carolina Schmidt, Chile’s Minister of the Environment, and other leading government officials. Mr. Thomas and Fernando Gonzalez, Cerro Dominador’s CEO, also participated.

About EIG
EIG is a leading institutional investor to the global energy sector with $21.7 billion under management as of March 31, 2021. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 39-year history, EIG has committed over $37 billion to the energy sector through more than 370 projects or companies in 37 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.

About Cerro Dominador
Cerro Dominador owns the Cerro Dominador Solar complex, with 210 MW of capacity, combining a 100 MW photovoltaic plant, and the first solar thermal plant in Latin America with 110 MW of capacity and 17.5 hours of thermal storage. The company, owned by funds managed by EIG, seeks to contribute to the transformation of the energy matrix by developing renewable energy projects. With innovation, Cerro Dominador creates renewable energy projects that are flexible, manageable and sustainable.

Media:
EIG
Sard Verbinnen & Co.
Kelly Kimberly / Brandon Messina
+1 212-687-8080
This email address is being protected from spambots. You need JavaScript enabled to view it.

Cerro Dominador
María José López
This email address is being protected from spambots. You need JavaScript enabled to view it.
Corporate Affairs Director
Cerro Dominador

• The Company generated net sales of $24.4 million for the first quarter

• Net loss was $0.9 million in the first quarter

• Backlog stood at $58.9 million on April 30, 2021 compared to $52.6 million on January 31, 2021

NILES, Ill.--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH) announced today financial results for the first quarter ended April 30, 2021.

“First quarter revenue was $24.4 million, $1.7 million above the same quarter last year, and pre-tax loss was $0.7 million compared to a pre-tax loss of $2.7 million in the same quarter of 2020, which was mostly prior to the impact of the pandemic,” noted President and CEO David Mansfield.

"For the early part of our first quarter, our results continued to reflect the adverse business conditions arising as a result of the COVID-19 pandemic. In the latter half though, some of the restrictions began to ease and we were able to commence previously delayed projects. The cost reductions implemented last year also continued to have a favorable impact. The successful roll outs of the COVID-19 vaccines are beginning to allow a relaxation of restrictions and this appears to be having an encouraging effect on project schedules and on our backlog. While we are still in the early stages, the positive sentiment of a strengthening recovery is reflected in the increase in project activities. In addition, oil prices have reached a level that should begin to attract investment.

"The obstacles brought about by the pandemic through 2020 have not deterred us from our strategic plans and we continue to pursue the initiatives and strategies that had us on the path to acceptable profitability,” Mr. Mansfield continued.

"Our backlog currently stands at $58.9 million, which reflects an increase of $6.3 million from the backlog at January 31. Since these increases arise in the majority of our business units, it provides further confidence that we are entering a period of general recovery in conditions,” Mr. Mansfield concluded.

First Quarter Fiscal 2021 Results

Net sales were $24.4 million in the current quarter, an increase of $1.7 million, or 7%, from $22.7 million in the prior year quarter. The increase was largely a result of increased sales volumes in the Company's U.A.E. business driven by the introduction of a new product line and project timing in its Saudi Arabian business.

Gross profit increased to $4.5 million, or 18% of net sales, in the current quarter from $3.5 million, or 15% of net sales, in the prior year quarter. This increase was driven by higher sales volumes and the impact of cost reduction strategies implemented in 2020.

General and administrative expenses were approximately the same in the current quarter and the prior year quarter.

Selling expenses decreased to $1.0 million in the current quarter, compared to $1.6 million in the prior year quarter due primarily to cost reduction strategies implemented in 2020.

Net interest expense remained consistent at $0.2 million in both the current quarter and the prior year quarter.

Other income, net increased to income of $0.4 million in the current quarter, compared to expense of $0.1 million in the prior year quarter. This increase was a result of income recorded for funds received under the Canadian Emergency Wage Subsidy and Canadian Emergency Rent Subsidy programs in Canada.

Loss from operations before income taxes decreased by $2.1 million to a loss of ($0.7 million) in the current quarter from a loss of ($2.8 million) in the prior year quarter. The reduced loss was a result of increased sales volumes in the Company's U.A.E. business driven by the introduction of a new product line and project timing in its Saudi Arabian business.

The Company's worldwide effective tax rates ("ETR") were (24.3%) and 7.8% in the current quarter and the prior year quarter, respectively. The change in the ETR from the prior year quarter to the current year quarter is largely due to changes in the mix of income and loss in various jurisdictions.

The resulting net loss of ($0.9 million) in the current quarter was an improvement of $1.6 million over the net loss of ($2.5 million) in the prior year quarter. The reduced net loss was a result of increased sales volumes in the Company's U.A.E. business driven by the introduction of a new product line and project timing in its Saudi Arabian business.

Percentages set forth above in this press release have been rounded to the nearest percentage point and may not exactly correspond to the comparative data presented.

Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. (the “Company”) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, the Company has operations at thirteen locations in six countries.

Forward-Looking Statements

Certain statements and other information contained in this press release that can be identified by the use of forward-looking terminology constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby, including, without limitation, statements regarding the expected future performance and operations of the Company. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, the following: (i) the impact of the coronavirus ("COVID-19") on the Company's results of operations, financial condition and cash flows; (ii) fluctuations in the price of oil and natural gas and its impact on the customer order volume for the Company's products; (iii) the Company's ability to comply with all covenants in its credit facilities; (iv) the Company’s ability to repay its debt and renew expiring international credit facilities; (v) the Company's ability to obtain forgiveness of its loan under the Small Business Administration's ("SBA") Paycheck Protection Program ("PPP"); (vi) the Company’s ability to effectively execute its strategic plan and achieve profitability and positive cash flows; (vii) the impact of global economic weakness and volatility; (viii) fluctuations in steel prices and the Company’s ability to offset increases in steel prices through price increases in its products; (ix) the timing of order receipt, execution, delivery and acceptance for the Company’s products; (x) decreases in government spending on projects using the Company’s products, and challenges to the Company’s non-government customers’ liquidity and access to capital funds; (xi) the Company’s ability to successfully negotiate progress-billing arrangements for its large contracts; (xii) aggressive pricing by existing competitors and the entrance of new competitors in the markets in which the Company operates; (xiii) the Company’s ability to purchase raw materials at favorable prices and to maintain beneficial relationships with its suppliers; (xiv) the Company’s ability to manufacture products free of latent defects and to recover from suppliers who may provide defective materials to the Company; (xv) reductions or cancellations of orders included in the Company’s backlog; (xvi) the Company's ability to collect an account receivable related to a project in the Middle East; (xvii) risks and uncertainties related to the Company's international business operations; (xviii) the Company’s ability to attract and retain senior management and key personnel; (xix) the Company’s ability to achieve the expected benefits of its growth initiatives; (xx) the Company’s ability to interpret changes in tax regulations and legislation; (xxi) the Company's ability to use its net operating loss carryforwards; (xxii) reversals of previously recorded revenue and profits resulting from inaccurate estimates made in connection with the Company’s percentage-of-completion revenue recognition; (xxiii) the Company’s failure to establish and maintain effective internal control over financial reporting; and (xiv) the impact of cybersecurity threats on the Company’s information technology systems. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at https://www.sec.gov and under the Investor Center section of our website (http://investors.permapipe.com).

The Company's Form 10-Q for the quarter ended April 30, 2021 will be accessible at www.sec.gov and www.permapipe.com. For more information, visit the Company's website.

Perma-Pipe International Holdings, Inc.
David Mansfield, President and CEO

Perma-Pipe Investor Relations
(847) 929-1200
This email address is being protected from spambots. You need JavaScript enabled to view it.

West of Devers transmission line enhances reliability while expanding access to renewable energy, storage

ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison’s support of California’s clean energy goals hit a tangible milestone in May with the completion of upgrades to SCE’s West of Devers transmission lines. The project increases transmission capacity necessary to bring renewable generation — more than 7,000 megawatts of renewable and battery energy storage resources in the coming years — from desert areas in the eastern part of California to the population centers of the Inland Empire and San Gabriel Valley.

“Completing the West of Devers Project is another giant step in our ability to deliver clean energy throughout our service area,” said Kevin Payne, SCE president and CEO. “While distributed energy resources like rooftop solar and battery energy storage will contribute to decarbonizing our electric infrastructure, large-scale generation and reliable delivery of renewable energy will be vital to achieve California’s ambitious climate goals.”

The project consisted of removing and replacing conductors and supporting structures of four separate circuits of 220-kiloVolt transmission lines through the existing 48-mile corridor from the Devers substation near Palm Springs to the Vista and San Bernardino substations in Grand Terrace and San Bernardino, respectively — about 200 miles of power lines. It triples the capacity of power delivery from 1,600 MW to 4,800 MW, which helps with system reliability into the Southern California population centers during peak summer demand. It took many years of planning, siting, public engagement, licensing and construction to bring this project to fruition.

As part of the West of Devers Project, SCE entered into a transaction with Morongo Transmission for it to invest in the project, which allowed SCE to build the project across the Morongo Indian Reservation. The total cost of the project was $740 million, with Morongo Transmission expected to invest $400 million later this year (upon regulatory approval).

SCE applied in 2013 to the Federal Energy Regulatory Commission and the California Public Utilities Commission requesting approvals to build the project. In 2017, the company received all necessary environmental permits and regulatory approvals to start construction, which began in early 2018. West of Devers went into service about five months before its originally projected timeframe.

“The ability to achieve commercial operation ahead of schedule is a testament to the commitment and dedication of all the project team members and the multitude of stakeholders who contributed to the project’s success,” said Chuck Adamson, principal manager of Major Construction for SCE. “With the complexities that accompany a modern-day transmission project, this achievement cannot be overstated.”

SCE built the project in an environmentally beneficial way by rebuilding within a corridor containing existing transmission lines, despite the unique operational challenges of this approach. The project spans several Riverside and San Bernardino communities, including Banning, Beaumont, Calimesa, Colton, Grand Terrace, Loma Linda, Redlands and other unincorporated areas of Riverside and San Bernardino counties. The corridor also passes through the reservation trust land of the Morongo Band of Mission Indians, a key partner with SCE in its bid to obtain environmental permits.

About Southern California Edison

An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

Media Contact: David Song, (626) 302-2255
Investor Relations Contact: Sam Ramraj, (626) 302-2540

PORT HURON, Mich.--(BUSINESS WIRE)--SEMCO ENERGY Gas Company is launching a sweepstakes for natural gas customers who enroll in eBill. Five winners will be chosen, and each awarded a $100 Amazon gift card.

eBill is a free service that enables customers to view and pay monthly gas bills online. Instead of receiving a paper bill each month, customers receive an email when their eBill is ready to view.

The Sweepstakes, open from June 1 to August 31, 2021, is sponsored by Invoice Cloud, the leading provider of online bill payment services. SEMCO began using the Invoice Cloud platform in January 2013.

“We are excited to provide SEMCO customers with the ability to pay their natural gas bills online, easily and safely, using their computer or mobile device,” said Roxann Zmolik, Manager, Customer Accounting, SEMCO. “We hope the sweepstakes will offer an added incentive for customers to take advantage of the convenience of eBill.”

Online e-check/bank drafts payments can be made month-to-month. Customers will also have the option to sign up for “Pay by Text” to receive notifications and pay via text message.

“There are many benefits to eBill, from access to bills anytime online, to email payment reminders and confirmations, to reducing paper clutter and waste,” said Tom Griffin, president of Invoice Cloud. “Consumers opt for a convenient bill-paying experience.”

Customers can enroll in eBill and view official sweepstakes rules at www.semcoenergygas.com/sweepstakes/ Customers already enrolled in eBill will be automatically entered. For more information, contact Customer Service at 1-800-624-2019.

Invoice Cloud Media Contact:
Coryn Leaman, Engagement Specialist
Phone: 781-369-9630; Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today that members of executive management will host virtual meetings during the 2021 Bank of America Energy Credit Conference taking place June 9-10, 2021. A copy of the Partnership’s presentation will be available by visiting the Partnership’s website at www.MMLP.com.

About Martin Midstream Partners

Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.

Additional information concerning Martin Midstream is available on its website at www.MMLP.com, or by contacting:

MMLP-E

Sharon Taylor – Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.
(877) 256-6644

FINDLAY, Ohio--(BUSINESS WIRE)--One Energy, an Industrial Power Company that serves large C&I customers, today announced the completion of its 2021 scholarship season. The $100,000 in scholarships awarded this year will go to graduating high school seniors across its projects as part of its sixth annual Megawatt Scholarship program.

Since 2015, more than $400,000 has been awarded through the Megawatt Scholarship program. In collaboration with One Energy’s customers, a $5,000 scholarship is awarded annually to local high school seniors pursuing two-year or four-year degrees in science, technology, engineering, or math (STEM) fields for every wind turbine the company installs and operates. Megawatt Scholarship partners establish their own criteria and selection process, and recipient names are permanently placed on the individual turbines, in honor of their achievements.

“We understand the immense responsibility we have to our communities and we believe in practicing what we preach,” said Jereme Kent, CEO of One Energy. “We are a company built on leading minds in the fields of science, technology, engineering, and math. Investing in students pursuing STEM careers and supporting those who live in the communities where we operate is our way of enabling the workforce of the future.”

Each turbine has a 20-year initial contract term, making the scholarship program a long-term commitment to the community. Participating manufacturing facilities that enabled this year’s Megawatt Scholarship program include: Ball Corporation in Findlay, Ohio; LafargeHolcim in Paulding, Ohio; Valfilm North America in Findlay, Ohio, and Whirlpool Corporation in Findlay, Marion, Ottawa, and Greenville, Ohio.

For more information on Megawatt Scholarships, visit www.megawattscholarships.org.

ABOUT ONE ENERGY

One Energy is an industrial power company that helps large energy users build modern, tailored, on-site power grids for their facilities. In doing so, the company is decarbonizing manufacturing, enabling customer control, and building the customer-centric power grid of the future. As a vertically integrated enterprise, One Energy provides physical solutions including Wind for Industry^® and ManagedHV™, as well as analytics and commercial offerings to enable end users to fully customize their energy experience. Everyday items are being produced cleaner and more sustainably thanks to One Energy’s Wind for Industry^® projects – from dishwashers, sliced turkey products, and soda cans, to cement and renewable diesel.

Founded in 2009, One Energy is the largest installer and owner of behind-the-meter wind energy in the United States. Learn more about the customer-centric power grid of the future at www.oneenergy.com.

Pat Burek
Financial Profiles, Inc.
US: +1 310-622-8244
This email address is being protected from spambots. You need JavaScript enabled to view it.

Various Programs Provide Rebates, Offer Leases or Supply Free No-Cost Batteries for Low-Income Customers Using Medical Devices

There’s Even a Program for Customers Who Can Pair Home Battery Storage Systems with Rooftop Solar

SAN FRANCISCO--(BUSINESS WIRE)--There are several easy-to-use programs available to assist customers during a Public Safety Power Shutoff (PSPS) which occurs during severe weather to prevent wildfires. For those customers who need electricity for very specific needs, such as charging and operating medical devices or running their well pumps, having a battery or generator option becomes a vital solution to lessening or overcoming the impacts of a PSPS.

And that’s why PG&E offers numerous programs that enable many of our customers to obtain discounted or free backup batteries. And the best time to look into those programs to see if you qualify and to get a battery in place is now, before the start of California’s wildfire season when a PSPS most typically happens.

“Our most important responsibility is the safety of our customers and our local hometowns. Providing help to customers investing in backup power and/or battery storage is one way we can help. We continue to update our programs and support to enhance access to backup power for customers to keep essential devices such as medical equipment and electric well pumps powered during PSPS events,” said Marlene Santos, PG&E’s Chief Customer Officer.

PG&E encourages qualified customers to take advantage of the following programs:

• PG&E’s Generator Rebate Program that was launched last year for well pump customers is now being expanded to cover rebates for qualified portable batteries to support Medical Baseline customers in high-fire threat areas (HFTD, eligible customers must live in Tiers 2 or 3 HFTDs defined by the CPUC fire map) ahead of this year’s PSPS events.
  • Applies to qualifying purchases made from January 1, 2021 through December 31, 2021.
  • Customers can apply for the rebate here.

• PG&E’s Portable Battery Program provides no-cost portable batteries to low-income customers who rely on medical devices to sustain life, live in high fire-threat districts and are enrolled in the Medical Baseline and CARE programs. There are a variety of batteries that can provide a range of backup power options, depending on need.
  • In 2020, PG&E collaborated with community-based organizations to provide more than 5,500 portable batteries.
  • This year, PG&E is continuing to work with five Low-Income Home Energy Assistance Program providers and Richard Heath and Associates to deliver additional batteries. Program partners are reaching out to eligible customers.
  • Customers can learn more here about whether they qualify for the program.

• Also continuing in 2021 is the Disability Disaster Access and Resources (DDAR) Program, a joint effort with the California Foundation for Independent Living Centers (CFILC) to support people with disabilities and older adults before, during, and after a PSPS event. The program enables qualified customers who use electrical medical devices to access backup portable batteries through a grant, lease-to-own or the FreedomTech low-interest financial loan program. CFILC administers all aspects of the program. Transportation resources, lodging and food options are also provided through an online application process to qualified customers.
  • To date, more than 1,100 portable batteries have been distributed via the partnership.
  • In 2020, more than 560 hotel stays, 900 food vouchers, and accessible transportation for over 30 individuals was provided through the DDAR program.

• PG&E is a program administrator for the statewide Self-Generation Incentive Program (SGIP). Eligible customers have been installing permanent home battery storage systems that if paired with solar can support throughout a PSPS event at no or low cost to them. Incentives through SGIP are available to eligible residential and non-residential customers; PG&E recommends customers learn about the program here and find a contractor here.

PG&E understands how disruptive it is for our communities to be without power and continues to provide more help to customers with disabilities, hardships, language barriers and other needs. For more information, visit pge.com/psps and pge.com/homebattery.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

Elara will be the second largest solar project in ERCOT South Zone

AUSTIN, Texas--(BUSINESS WIRE)--#solarenergy--7X Energy, Inc. (“7X”), a leading utility-scale solar developer, owner, and asset manager, announced it has sold its 130 MWac Elara Energy Project (“Elara” or “Project”), located in Frio County, Texas on over 1,700 acres, to KOMIPO America, Inc., which is the U.S. subsidiary of Korea Midland Power Co., Ltd., one of the major power companies in Korea, which is also actively doing business globally.

Morgan Stanley Renewables Inc. is anticipated to be the sole tax equity investor for the Elara project. CohnReznick Capital served as the financial advisor to 7X, providing support across capital formation and structuring. Elara is currently under construction and is expected to reach full commercial operation in Q4 2021.

Elara’s energy and environmental attributes are being sold under three long term offtake agreements. As previously announced, 30 MW of the energy and environmental attributes produced by Elara will be sold to EDF Energy Services under a long-term power purchase agreement. The remaining 100 MW of energy produced by Elara is subject to a long-term hedge agreement with Morgan Stanley Capital Group Inc. Lastly, 100 MW of RECs will be sold to Fathom Energy, LLC under a long-term REC Purchase Agreement.

“With Elara, 7X has now successfully originated over 2,100 MWdc of solar projects either in operation or under construction,” said Clay Butler, President and CEO of 7X Energy. “We are extremely proud, as a team, of playing our small part in assisting future generations in achieving a more sustainable energy future.”

Hobin Kim, the CEO of KOMIPO, applauded Elara as a “milestone project for KOMIPO” as it is the first Texas solar project implemented by a Korean government owned power company in response to the growing global efforts to reduce greenhouse emissions and intergovernmental cooperation to fight climate change. “We are committed to expanding our renewables portfolio in the U.S. to continue to lead and promote the growth engine of the global renewable energy industry,” said CEO Kim.

“We are pleased to provide the investment for Elara, as we continue to advance the transformation of the U.S. energy grid towards a lower carbon future,” said Jorge Iragorri, Head of Alternative Financing and Managing Director of Morgan Stanley.

“Our partnership with Korea Midland Power and 7X Energy, will bring to fruition an important renewable resource in Texas,” said Angelin Baskaran, Head of Power Origination for the Eastern U.S and Managing Director at Morgan Stanley.

Swinerton Renewable is the engineering, procurement, and construction (EPC) contractor and SOLV, a subsidiary of Swinerton, will manage the operations and maintenance for the project. The project is using Nextracker components, Power Electronics Freesun HEM inverters, and over 435,000 Jinko modules. Over the life of the facility the project is expected to provide more than $22 million in total taxes to Frio County, Pearsall ISD, and Frisco Hospital District.

Counsel for the transaction included Norton Rose Fulbright as counsel to 7X Energy, Inc.; White & Case LLP as counsel to KOMIPO; Mayer Brown LLP as counsel to Morgan Stanley Renewables Inc; and Katten Muchin Roenman LLP as counsel to Morgan Stanley Capital Group Inc.

For additional information on the Elara Energy Project, please visit here.

About 7X Energy

7X Energy, Inc. (7X), is a leading independent power producer that develops, owns, and provides asset management services of utility-scale solar projects. The company is independently owned and consists of a diverse team of seasoned industry veterans, with over 10,000 MW of collective utility-scale development expertise. 7X has over 2 GWp of solar projects that are operating or under construction. 7X’s corporate office is located in Austin, Texas, with regional offices located in Denver, CO; San Francisco, CA; and Washington, D.C. Contact us at www.7x.energy.

About KOMIPO in the U.S.

https://www.komipo.co.kr/eng/content/186/main.do?mnCd=EN010101

Media Contact:
Raheleh Folkerts
Tel: + 512-992-0439
This email address is being protected from spambots. You need JavaScript enabled to view it.

Mariposa County Remote Grid is PG&E’s First Such Deployment, Others in Development

BRICEBURG, Calif.--(BUSINESS WIRE)--Today, Pacific Gas and Electric Company (PG&E) marked the commissioning of its first hybrid renewable standalone power system, built and installed by BoxPower Inc. The remote grid permanently replaces the overhead distribution powerlines that once served a handful of customers in a High Fire-Threat District (HFTD) area of the Sierra Nevada foothills outside Yosemite National Park, improving reliability and significantly reducing wildfire risk.

As detailed in PG&E’s 2021 Wildfire Mitigation Plan, a stand-alone power system offers a new approach to utility service. The Briceburg system uses solar combined with battery energy storage and backup propane generation. It provides permanent energy supply to remote customers as an alternative to hardened poles and wires.

The approach has potential use in other areas as well. Throughout PG&E’s service area, isolated pockets of remote customers are served via long electric distribution lines that in many cases traverse through HFTD areas. Replacing these long distribution lines with a reliable and low-carbon local energy source is an innovative option that has now become feasible.

“PG&E is eager to deliver the benefits of remote grids to our customers, and we intend to expand the use of stand-alone power systems as an alternative to certain existing distribution lines, providing enhanced reliability with a lower risk profile and at a lower total cost,” said Jason Glickman, PG&E’s Executive Vice President, Engineering, Planning and Strategy.

Briceburg Remote Grid

In Mariposa County, five customer sites lost power in the Briceburg Fire of 2019 when the line serving them was destroyed. The historical line route is challenging to rebuild through the last 1.4 miles of rugged, HFTD terrain. Since then, PG&E has provided temporary generation to meet local customer power needs.

Now, with the commissioning of this new decentralized stand-alone power system, PG&E is transitioning to a hybrid renewable solution. This option will reliably repower these customers without the need to rebuild the overhead line, and the remote grid is intended to meet customer needs at lower lifetime costs and a significantly lower risk of fire.

The PG&E customers receiving electric service from the Briceburg Remote Grid include two residences, a visitor center, and telecommunications and transportation facilities.

This Briceburg system is owned by PG&E and designed, installed, and maintained under contract to PG&E by BoxPower.

The system provides up to 89% renewable energy annually, generated by a BoxPower SolarContainer™ and an auxiliary ground-mounted solar array with a total nominal photovoltaic (PV) capacity of 36.5 kW DC.

In addition to the container-mounted PV array, the SolarContainer™ includes a 27.2 kW / 68.4 kWh lithium ferro phosphate battery energy storage system that was prefabricated at the BoxPower facility in Grass Valley, Calif., before being transported to the site.

The system also includes two integrated 35 kW propane generators for backup power, and a fire suppression system to protect the hardware and facility.

Testing initially took place in BoxPower’s Grass Valley facility, and subsequently on-site in Briceburg with assistance from PG&E, Underwriters Laboratories (UL), and Generac representatives. The extensive inspection, testing, and commissioning process included:

• UL9540 Field Certification by UL for system performance and fire safety
• Third-party testing and inspection of the protective relay isolation system
• System capacity verification and performance testing
• Testing of remote shut-down and remote black-start procedures

PG&E and BoxPower will be able to monitor and control the system via satellite and cellular connectivity, with capabilities for remote performance management, safety diagnostics, alarms, reporting, and automated refueling notifications.

“BoxPower is proud to play an important role in bringing clean, reliable, and fire-safe power to rural energy consumers through our work with PG&E and other utility companies,” said Angelo Campus, BoxPower’s Chief Executive Officer. “PG&E is leading the industry shift in California in terms of using remote grids specifically for wildfire mitigation purposes. PG&E’s example is one that other utilities in the state and across the West may be eager to follow in the face of worsening drought and extreme wildfire conditions.”

The containerized microgrid system is designed for rapid deployment and scalability, streamlining future replication at similar sites.

Expanding Deployment of Remote Grids

The Briceburg system along with other initial projects will enable PG&E to determine an appropriate expansion of remote grids using standalone power systems to support wildfire mitigation efforts.

PG&E has identified hundreds of potential locations for remote grids and is targeting up to 20 operational remote grid sites by the end of 2022.

Additional remote grid sites are currently being assessed across HFTDs in PG&E’s service area including El Dorado, Mariposa, Tulare, and Tehama counties.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

About BoxPower

BoxPower provides clean, reliable, and affordable energy to rural consumers. BoxPower’s ecosystem of software and hardware solutions optimize the performance and accelerate the deployment of microgrids. From energy audit to operation, BoxPower provides turnkey engineering, construction, and management services. For more information, visit boxpower.io.

MEDIA RELATIONS:
415-973-5930

Organic dairy pioneer and sustainability leader expands production capabilities, strengthening California’s independent family farming and regional economies with climate-resilient business practices.

PETALUMA, Calif.--(BUSINESS WIRE)--Straus Family Creamery, the first 100 percent organic creamery in the United States, has moved its production plant from its original home of 27 years in Marshall to a new facility in Rohnert Park. The new creamery, a 50,000 square foot state-of-the-art facility, is producing its entire line of 72 retail and foodservice organic dairy products made from certified organic milk from 12 small-scale family farms, averaging 250 cows per dairy, in Marin and Sonoma Counties.

Innovative practices to reduce waste and use renewable energy are the primary focus of the mission-driven company’s sustainability strategy. These innovations are consistent with Straus Family Creamery’s history of doing business right. The new facility was designed to Straus’ specifications, focusing the company on becoming more efficient as a manufacturer while allowing more advanced sustainable practices, such as zero-waste production in the future.

In 2019, the Marshall creamery was the first in the world to receive TRUE^® Zero Waste Certification, and the goal is for the Rohnert Park location to obtain the same certification. The company is actively pursuing ways to eliminate fossil fuel-based plastic packaging, implementing a roadmap over the next several years to shift away from its current plastic packaging. The new creamery and its reusable glass bottle program, which currently includes its flagship product Straus Organic Cream-Top Milk, Organic Chocolate Milk, Organic Half & Half, and Organic Heavy Whipping Cream, are essential in the larger vision of reducing Straus’ carbon footprint.

“This is a huge step in our company’s history. This new facility gives us a greater focus on fulfilling our mission to sustain family farms and revitalize rural communities while creating a financially viable, replicable carbon-neutral farming model and sustainable food production,” said Albert Straus, founder and CEO, Straus Family Creamery.

With a larger and more modern manufacturing facility, Straus Family Creamery can increase the capacity of its current dairy products and enter new organic dairy categories. Straus Family Creamery looks forward to expanding its network of farmers from the current 12 certified organic dairy farms, thereby advancing its mission to sustain the next generation of family dairy farmers in the North Bay. This growth expectation is especially relevant at a time when U.S. dairy farms continue to suffer from not being paid the true cost of milk production, unpredictable pricing, and consolidation, which have caused the number of farms to plummet by 37 percent in the past ten years.

To help improve operating efficiencies throughout the production facility and help Straus Family Creamery achieve long-term growth, the company hired Doug Reid as Vice President of Manufacturing Operations and Supply Chain.

He brings 30 years of senior leadership in operations and supply chain from a leading snack nut producer of California almonds and large global wine and spirits companies. Reid is an accredited Lean Six Sigma Black Belt and Continuous Improvement / Operations Excellence leader. He grew up in a dairy farming family and is a fourth-generation farmer.

“In order to grow our mission to sustain local dairy farms, this facility enables improved quality and process controls to deliver on future growth,” said Reid. “This creamery also allows additional capacity to process more organic milk, producing premium organic dairy products to meet the demand in the marketplace.”

The original Marshall creamery could process up to 20,000 gallons of fluid milk each day; the new plant will double that quantity in the future. Qualtech, a company that specializes in designing dairy manufacturing plants, designed and built Straus Family Creamery’s state-of-the-art, eco-conscious, and efficient creamery.

“Our goal was to design new technologies that adapted to the existing minimally processed model that Straus has had in place for nearly three decades, said André Giguère, founder and CEO, Qualtech. “Our machines were built to ensure that the products would retain the texture and authentic Straus dairy taste while minimizing the impact on the environment.”

Straus has long pursued agricultural and business solutions to address climate change, innovating to make a positive environmental impact. Current climate-smart features at the Rohnert Park creamery include:

• 97% carbon-free electricity purchased from Sonoma Clean Power.
• LED lighting with smart controls throughout the new plant.
• Reduced employee commute: overall miles driven by approximately 85 creamery employees will be decreased by around 70 percent, reducing employee transportation emissions by more than 300 metric tons of CO2e per year.
• 10 electric vehicle charging stations for employees to charge EVs at no cost.
• A 5,000 square foot drought-resilient landscape with more than 200 trees, flowering plants, shrubs, hedges, and grasses that conserve water, create pollinator habitats and foster ecological resilience. This landscape was built in coordination with the Conservation Corp North Bay.

Other potential enhancements include new technologies related to water capture and reuse, heat recapture, and more sustainable processes for cleaning the plant.

About Straus Family Creamery

Based in Petaluma, CA, Straus Family Creamery is a certified organic creamery offering minimally processed organic dairy products made from organic milk supplied by family farms in Marin and Sonoma Counties, including the Straus Dairy Farm, which is the first certified organic dairy farm west of the Mississippi River. Straus Family Creamery, the first 100 percent certified organic creamery in the United States, continues to make business decisions based on its mission to help sustain family farms, revitalize rural communities, and protect the environment. The family-owned business sustains collaborative relationships with the family farms that supply it milk, offering stable prices and predictability in what can otherwise be a volatile marketplace. Learn about the Straus difference at StrausFamilyCreamery.com, Facebook, Instagram, Twitter, YouTube, and Linkedin.

Shereen Mahnami
Director of Communications
Straus Family Creamery
707-776-2887x2149
This email address is being protected from spambots. You need JavaScript enabled to view it.

Haven Bourque
HavenBMedia
415-505-3473
This email address is being protected from spambots. You need JavaScript enabled to view it.

RIDGEWOOD, N.J.--(BUSINESS WIRE)--Scale Microgrid Solutions (“Scale”), a Warburg Pincus portfolio company, announced today that it has acquired a distributed energy microgrid that powers three key municipal facilities in Bridgeport, Connecticut. Commissioned in 2018, the microgrid provides year-round clean energy to Bridgeport’s City Hall, Police Headquarters and Eisenhower Senior Center through a comprehensive, twenty-year Energy Services Agreement with the City.

The microgrid is a Combined Heat and Power (“CHP”) system that consists of three 265 kW natural gas-fired reciprocating engines, a 250 kW diesel-fired standby generator, and a 200-ton absorption chiller. The system utilizes these components to simultaneously produce electricity, heat, and chilled water, significantly improving energy efficiency and reducing greenhouse gas emissions. The microgrid also includes multiple design redundancies that enable fail-safe operations in the event of an extreme weather or other emergency blackout event, providing additional resilience for the City’s critical infrastructure facilities.

Scale is uniquely qualified to ensure the continued maintenance and performance of this system. The collective experience of Scale’s leadership includes designing, financing, building, and commissioning microgrids and renewable energy projects across the United States. Scale’s projects serve the mission critical infrastructure needs of customers ranging from indoor agriculture to municipalities.

“Announcing this transaction highlights our integrated M&A, financing, asset management and operational capabilities in a way that sets us apart from our peers,” said Julian Torres, Chief Investment Officer at Scale Microgrid Solutions. “We will build on this success and continue to commit capital to finance microgrids and distributed energy infrastructure more broadly.”

This acquisition showcases one example of how Scale partners with developers, owners, and operators - utilizing Scale’s balance sheet and project financing expertise to bring distributed energy projects to fruition. Ryan Goodman, CEO and Co-Founder, adds, “Scale is investing hundreds of millions of dollars to acquire and optimize distributed energy resources, including those currently in commercial operations or in late-stage development. This acquisition is the first of many that we look forward to announcing soon.”

About Scale Microgrid Solutions: Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers ​to take charge of their energy infrastructure and future-proof their businesses.

Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
This email address is being protected from spambots. You need JavaScript enabled to view it.

ROME--(BUSINESS WIRE)--Convert Italia, a Valmont^® company, is pleased to announce that it has signed a Memorandum of Understanding with one of Europe’s largest global energy companies to collaborate on 700 megawatts of solar projects. The projects will begin over the next 18 months and be implemented in different regions of Europe, including Italy and possibly extending into additional countries. The scope of the project represents enough energy to power 133,000 homes, and is a collaborative effort by both companies to drive the shift to a decarbonized society.

The document outlines a roadmap for delivery of innovative solar tracker technology for photovoltaic plants: the Convert^® TRJ single-axis tracker. “The Convert TRJ is an industry-leading tracker that allows companies to maximize performance when working in difficult topographic and layout conditions,” says Yury Reznikov, vice president of global solar. “Stated simply, the Convert TRJ tracker can be installed where others cannot.”

Going Where Others Cannot

The Convert TRJ Tracker is highly differentiated with a unique controller architecture, Reznikov explains. This tracker design enables customers to more effectively utilize project land by placing more solar structures, save civil costs by minimizing grading, and have complete control over the system with the TRJ-AI SCADA system.

Plus, with its modular design and superior engineering, Reznikov adds, Convert TRJ provides utilities structural technology that allows solar panels to generate more power and energy – with less maintenance – than traditional trackers. In fact, single-axis trackers offer system production increases of up to 25% compared to fixed-tilt systems, and will operate for more than 30 years.

Innovative Options for Solar Infrastructure

Reznikov says Valmont Utility recognized the opportunity of working in the solar space because of demand for more viable and innovative solar options in the European utility sector. “We offer a full range of complete grid infrastructure solutions – making everything work together and streamlining the process, from solar technology to substations and beyond. We have been able to leverage our global supply chain and industry-leading solutions to provide customers an unprecedented value in deploying solar projects.”

Reznikov and Valmont see the transition to a zero-carbon society as an opportunity to build a better future for all. The European Union aims to be climate-neutral – an economy with net-zero greenhouse gas emissions – by the year 2050. This objective matches the Valmont commitment to conserving resources and improving life.

“To date, we have completed multiple gigawatts of projects globally, and Convert Italia projects have an annual production capacity of more than 2 gigawatts,” says Reznikov. “We are focused on working with utilities, owners, developers and EPCs to provide solutions on a global level to minimize greenhouse emissions and replace fossil fuel-based energy generation.”

About Valmont Industries, Inc.

Valmont^® is a global leader, designing and manufacturing highly engineered products and services that support global infrastructure development and agricultural productivity. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.

About Valmont Utility

Valmont^® Utility is a global leader developing structures that enable electric power to be transferred from the generation source – power generation facility or renewable source such as a solar and wind production – to the end power consumer. As an industry-leading provider of transmission and distribution poles, transmission towers, substation components and renewable energy generation equipment, and a global manufacturing network, Valmont Utility excels in supply chain logistics in service, performance and delivery. For more information, visit valmontutility.com.

Greg Turi, Vice President Global Generation
+1 858.945.0625

CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it would be presenting at the virtual East Coast IDEAS Investor Conference on June 16, 2021.

J. Brett McBrayer, Chief Executive Officer, will present a corporate overview and update for registered investors and other conference attendees.

The Corporation's presentation will be webcasted and is scheduled to be accessible at 8:00 am EDT on June 16, 2021, on the IDEAS conference website at www.IDEASconferences.com. In addition, an archive of the webcast and presentation materials will be available on the Investors section of the Corporation's website at http://ampcopgh.com/earnings-webcasts/ following the live event.

Mr. McBrayer and Michael McAuley, Senior Vice President, Chief Financial Officer and Treasurer, will also be participating in virtual one-on-one meetings. If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or This email address is being protected from spambots. You need JavaScript enabled to view it..

About IDEAS Investor Conferences

The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are "SPONSORED BY INVESTORS. FOR INVESTORS." and for the benefit of regional investment communities. Conference sponsors collectively have more than $200 billion in assets under management and include: Adirondack Research and Management, Allianz Global Investors: NFJ Investment Group, Ariel Investments, Aristotle Capital Boston, Barrow Hanley Mewhinney & Strauss, BMO Global Asset Management, Constitution Research & Management, Inc., Fidelity Investments, First Wilshire Securities Management, Inc., Gamco Investors, Granahan Investment Management, Great Lakes Advisors, Greenbrier Partners Capital Management, LLC, GRT Capital Partners, LLC, Hodges Capital Management, Ironwood Investment Management, Keeley Teton Advisors, Luther King Capital Management, Marble Harbor Investment Counsel, Perritt Capital Management, Punch & Associates, Westwood Holdings Group, Inc., and William Harris Investors.

The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.

About Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, United Kingdom, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by or on behalf of Ampco-Pittsburgh Corporation (the "Corporation"). This press release may include, but is not limited to, statements about operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Act and words such as "may," "will," "intend," "believe," "expect," "anticipate," "estimate," "project," "forecast" and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); changes in the existing regulatory environment; new trade restrictions and regulatory burdens associated with "Brexit"; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation's operations and strategic plan; inoperability of certain equipment on which the Corporation relies; work stoppage or another industrial action on the part of any of the Corporation's unions; liability of the Corporation's subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of those subsidiaries; inability to satisfy the continued listing requirements of the New York Stock Exchange or NYSE American; failure to maintain an effective system of internal control; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation's latest Annual Report on Form 10-K. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Melanie L. Sprowson
Director, Investor Relations
(412) 429-2454
This email address is being protected from spambots. You need JavaScript enabled to view it.