LONDON--(BUSINESS WIRE)--EnTrust Global, a leading asset management firm, today announced the launch of Purus Marine, a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, contracted long-term to high-quality end users. The Company serves a wide variety of maritime sectors, including the industrial shipping, short-sea, ferry, offshore wind and environmental remediation sectors.
Julian Proctor, who brings more than 24 years of experience in the maritime industry, will serve as Chief Executive Officer and as a Board Member.
Purus Marine’s fleet will reduce the carbon emissions and ocean pollution of its customers by using:
“As the maritime industry confronts the challenges of climate change, Purus Marine is strongly positioned to meet our customers’ increasing demands for low-carbon vessels and equipment,” said Julian Proctor, Chief Executive Officer of Purus Marine.
“Our specialized industry knowledge, our extensive relationships with end users, banks and shipyards, and the talent of our senior leadership, will support Purus Marine’s growth,” said Svein Engh, Senior Advisor and a Board Member of Purus Marine.
“We are excited to launch Purus Marine and make an immediate and measurable impact on reducing carbon emissions and pollutants from the maritime industry. Our mission is to support the industry’s transition to a zero-carbon and sustainable future,” said Gregg S. Hymowitz, CEO and Chairman of EnTrust Global and Chairman of the Board of Purus Marine.
Purus Marine has formed its first partnership, called DP Lease, with Damen Shipyards Group of the Netherlands. DP Lease will focus on owning electric and hybrid-electric ferries, towage and harbor equipment, contracted out to Damen’s clients.
About Purus Marine
Purus Marine is a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, contracted long-term to high quality end-users. The Company serves a wide variety of maritime sectors, including the industrial shipping, short-sea, ferry, offshore wind and environmental remediation sectors. Purus Marine is committed to supporting the maritime industry’s transition to a zero-carbon and sustainable future by owning vessels and infrastructure equipment that reduce carbon emissions and ocean pollution. For more information visit www.purusmarine.com.
Alastair McDonald
+44 20 7389 1351
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FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced it has elected to utilize the 30-day grace period under the terms of the indenture governing its 10.75% senior secured notes due 2023 (the “Notes”) with respect to a $16.335 million interest payment due today. Basic believes it is in the best interests of all stakeholders to use the grace period to continue its ongoing discussions with its debtholders regarding strategic alternatives to improve Basic’s long-term capital structure.
Basic also announced today it has entered into a Forbearance Agreement with a majority of the lenders under its revolving credit facility who have agreed to forbear from exercising remedies in respect of certain events of default thereunder, including the failure to pay interest on the Notes, until April 28, 2021 (unless the agreement is earlier terminated pursuant to the terms thereof). The Company also intends to postpone its 2021 annual meeting so management can focus their efforts on the discussions with creditors.
The Company issued the following statement:
“We have made the strategic choice to use the grace period while we continue our ongoing, constructive discussions with Basic’s bondholders. We anticipate meeting all of our obligations to suppliers, customers, employees and others, and will continue providing our customers with industry-leading expertise and safe, efficient services. Importantly, for the benefit of the Company and all of our stakeholders, the options we are currently contemplating would leave our employees, customers and trade partners unaffected.”
About Basic Energy Services
Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas. The Company’s operations are managed regionally and are concentrated in major United States onshore oil-producing regions located in Texas, California, New Mexico, Oklahoma, Arkansas, Louisiana, Wyoming, North Dakota, Colorado and Montana. Our operations are focused in prolific basins that have historically exhibited strong drilling and production economics in recent years as well as natural gas-focused shale plays characterized by prolific reserves. Specifically, the Company has a significant presence in the Permian Basin, Bakken, Los Angeles and San Joaquin Basins, Eagle Ford, Haynesville and Powder River Basin. We provide our services to a diverse group of over 2,000 oil and gas companies. Additional information on Basic Energy Services is available on the Company’s website at www.basices.com.
Safe Harbor Statement
This release includes “forward-looking statements” within the meaning of the federal and securities laws. Forward-looking statements are not statements of historical fact and reflect Basic’s current views about future events. The words “believe,” “estimate,” “expect,” “anticipate,” “project,” “intend,” “seek,” “could,” “should,” “may,” “potential” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although Basic believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions and estimates, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. These risks and uncertainties include without limitation, risks associated with our ongoing debtholder discussions, including our ability to negotiate an agreement to deleverage the company on commercially favorable terms or at all, our ability to successfully execute, manage and integrate acquisitions, reductions in our customers’ capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for crude oil, including the recent significant decline in oil prices, and natural gas, local and global impacts of the COVID-19 virus, Basic’s ability to comply with its financial and other covenants and metrics in its debt agreements, as well as any cross-default provisions and the negative impacts of the delisting of the Company’s common stock from the NYSE. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Any forward-looking statement speaks only as of the date on which such statement is made and Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Trey Stolz
Director of Financial Planning & Analysis
Basic Energy Services, Inc.
817-334-4100
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that it has signed two leases with an existing U.S. based Fortune 100 technology customer, at its AZP-2 data center in Phoenix, Arizona. The first lease represents a one megawatt expansion, which is expected to commence in the third quarter of 2021. The second lease was for a five megawatt deployment, which is expected to commence in the fourth quarter of 2021. Iron Mountain’s data center solutions met all of the customer’s requirements, including scalable capacity, network proximity to other deployments, and a design that provided flexibility and reliability.
AZP-2 is a hyperscale-ready data center powered by 100% renewable energy. The three-story purpose-built facility will span more than 530,000 gross square feet, and is expected to deliver 48 megawatts of total IT capacity at full build out, with campus connectivity to the existing 47 megawatts operating at AZP-1 in Phoenix and AZS-1 in Scottsdale, leveraging the network density of the existing ecosystem.
Including land held for future development, the 40-acre Phoenix campus will support more than 100 megawatts of IT load when fully developed. The highly secure campus offers Iron Mountain data center customers access to reliable and energy efficient data center capacity in one of the lowest risk U.S. metros for natural disasters. The addition of this hyperscale lease complements Iron Mountain’s Phoenix data center campus that currently includes a wide range of core retail enterprise and hyperscale colocation customers.
“We are pleased to expand our support of one of the world's leading technology companies,” said Rick Crutchley, Vice President & General Manager, North America at Iron Mountain Data Centers. “We expect to continue our balanced leasing strategy, and will pursue the right hyperscale opportunities that complement our core retail colocation ecosystem.”
Additional highlights of the Phoenix data center campus include:
Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including leasable capacity, land, and buildings held for future development, Iron Mountain's data center platform can support more than 375 megawatts of IT capacity at full build-out.
For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/data-centers.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of nearly 93 million square feet across approximately 1,450 facilities in 56 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.
Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. Forward-looking statements include, but are not, limited to statements concerning the commencement of the leases and datacenter capacity at full buildout. When we use words such as "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations.
These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for U.S. federal income tax purposes; (iii) the adoption of alternative technologies and shifts by our customers to storage of data through non-paper based technologies; (iv) changes in customer preferences and demand for our storage and information management services; (v) the cost and our ability to comply with laws, regulations and customer demands relating to data security and privacy issues, as well as fire and safety standards; (vi) our ability or inability to execute our strategic growth plan, expand internationally, complete acquisitions on satisfactory terms, and to integrate acquired companies efficiently; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we fail to protect our customers' information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute on Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute on our strategy (x) changes in the price for our storage and information management services relative to the cost of providing such storage and information management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of executing on our growth strategy through joint ventures; (xii) our ability to comply with our existing debt obligations and restrictions in our debt instruments or to obtain additional financing to meet our working capital needs; (xiv) the impact of service interruptions or equipment damage and the cost of power on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of alternative, more attractive investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners upon whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not presently contemplated; and (xx) other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in our periodic reports or incorporated therein. You should not rely upon forward-looking statements except as statements of our present intentions and of our present expectations, which may or may not occur. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contacts:
Greer Aviv
Senior Vice President, Investor Relations
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(617) 535-2887
Nathan McCurren
Director, Investor Relations
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(617) 535-2997
SEATTLE--(BUSINESS WIRE)--A major northeast power producer has chosen CS Energy and Doosan GridTech to design, build and operate a community solar + storage system (PV+S) in New England. This 5.1MW-PV/2.5MW hybrid power system would be one of the first DC-coupled configurations installed under the Massachusetts SMART and Clean Peak Standard (CPS) program.
CS Energy was named the prime contractor to provide the project's engineering, procurement, and construction (EPC) services. A leader in solar and storage turnkey execution nationally, the company has integrated over 75MWhs of battery storage under the Massachusetts SMART program. CS Energy worked with Doosan engineers to design the hybrid power system that will lower costs, fulfill MA-SMART and CPS requirements, optimize its financial incentives, and deliver clipped energy recapture. The system will be operational in the fourth quarter of 2021.
Doosan's energy management solution (EMS) pairs its on-premise Intelligent Controller platform with its cloud-based performance analysis and power plant operation modules. This system is built on open standard communication interfaces and has proven its solar + storage capabilities in both AC- and DC-coupled configurations.
Doosan's comprehensive EMS will bring:
CS Energy is a leading integrated energy firm that designs and builds solar and storage systems for emerging energy industries. Over the last 15 years, we have constructed over 1GW of distributed energy projects nationally. CS Energy was named the top solar EPC contractor in Massachusetts and New York by Power World Magazine in 2019 and 2020. Our most recent turnkey projects include a 38MW/139MWh DC-coupled battery for a private client in NY and critical infrastructure of a 2.5 MW/20 MWh storage microgrid in Florida.
Doosan GridTech® is a multi-disciplined team of power system engineers, software developers, and turnkey energy storage specialists. We help electric utilities and other megawatt-scale power producers evaluate, procure, integrate and optimize energy storage, solar power, and other distributed energy resources. Our global teams in Seattle, Melbourne, and Seoul have designed, built, and/or controlled over 30 energy storage installations in the Americas and Asian-Pacific regions – representing nearly 320MW of capacity.
Megan O'Brien
Doosan GridTech
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206-719-6485
e1 is working with Oregon State University-Cascades, University of Oregon, and EDCO to highlight locally developed clean energy technology by engineers from Oregon universities
BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp., also known as e1, a leading developer of hydrogen generation technology supporting clean fuel cell power technology, will hold a community event on April 19 to showcase locally developed near-zero-emission technology that is being adopted globally.
The community-focused event starts at 1 p.m. and ends at 2:30 at e1’s headquarters, located at 63050 Plateau Drive. e1 employees and graduates of the Oregon State University-Cascades energy systems engineering program will demonstrate e1’s unique technology and provide rides onboard a golf cart converted to a zero-emission fuel cell neighborhood electric vehicle.
Robert Schluter, e1’s co-founder and Chief Business Development Officer, said, “e1 is proud to play a role in supporting the adoption of clean fuel cell power for trucks, trains, and marine vessels. However, we would not have made it to this point without the encouragement and assistance of the Bend community. We are holding the open house as a way to say thank you for the support provided by EDCO, OSU-Cascades, the University of Oregon, and others, showcasing the talents and hard work of our engineers who came from Oregon universities. We welcome all to come see what they have accomplished as we move towards a clean and green future for the planet.”
Rebecca Webb, Ph.D., Tykeson Faculty Scholar in Energy Systems Engineering at OSU-Cascades, said, “Eighty percent of e1’s engineering team are alumni of OSU-Cascades’ energy systems engineering program. We are thrilled that our graduates helped make this significant contribution to cleantech. The e1 story is one example of what can be accomplished when OSU-Cascades engineering programs partner with Central Oregon businesses.”
Tim Schwartz, the Director of the University of Oregon Office of Entrepreneurship & Economic Transformation, said, “e1 CEO and co-founder Dave Edlund and his team are models for the entrepreneurial effect University of Oregon alumni, students, and faculty are having on our region. We are grateful for the employment and internship opportunities e1 provides our students. Dave embodies the University of Oregon’s commitment to entrepreneurship and innovation-centric economic development.”
Roger Lee, CEO of EDCO, said, “It has been exciting to see the steady progress that e1 has made in the green energy industry since launching more than a decade ago. After competing in the 2012 Bend Venture Conference and securing financial and advisory board assistance, we’ve witnessed them gain market traction that continues to fuel their current global growth.”
The planned event will include a demonstration of the fuel cell electric vehicle running on renewable methanol, including rides, and an information tour of e1’s technology.
Element 1 Corp:
e1 designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications and remote locations such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s proprietary technology produces hydrogen on-demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about Element 1, please visit www.e1na.com.
e1 Media Contact:
Robert Schluter
CBDO
Element 1 Corp
Phone: +1.541.678.5943
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e1 Investor / Analyst Contact:
Greg Haugen
CFO
Element 1 Corp
Phone: +1.541.639.1711
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WASHINGTON--(BUSINESS WIRE)--The Cleanie Awards®, the leading awards program dedicated to honoring people and brands making an impact in the clean energy economy, announced today a partnership with REpowering Schools. The new awards category will recognize the achievements of college students and teams. The Cleanie Awards will donate a portion of their proceeds to REpowering Schools.
REpowering Schools is a 501c3 non-profit organization working with educators, renewable energy industry leaders, and national and state government projects to support programming and opportunities to engage and train a diverse and sustained renewable energy workforce. The organization supports and connects the renewable energy industry with K12 schools, educators, and colleges and universities seeking to boost STEM learning. Additionally, REpowering Schools introduces new job opportunities to students to build a diverse and sustained workforce. By educating students and their communities about renewable energy, REpowering Schools strives to increase the pool of qualified labor and inform citizens to make educated energy decisions.
The College Excellence award will recognize college-level students (individuals and/or groups) who are making an impact in cleantech through coursework, capstone research projects, and various competitions. Applications open April 22. The eligibility period to qualify for consideration as an honoree for the 2021 The Cleanie Awards is between January 1, 2020 to April 22, 2021.
Winners in the College Excellence category will have opportunities to network with The Cleanie Awards highly prominent advisory board and judging panel, as well as host a presentation at the virtual awards ceremony in September.
“We are delighted to partner with REpowering Schools to highlight the accomplishments of the next generation of the cleantech workforce,” said Randee Gilmore, Executive Director of The Cleanie Awards. “Young people have the most to gain through the transition to a clean energy economy and inspire us to support the development of a homegrown American workforce proudly focused on creating a sustainable future and contributing to a global economy. We are proud to partner with REpowering Schools on this award, and to support their mission of inspiring K-12 children to create the next generation of cleantech innovations.”
“REpowering Schools is so excited to be partnering with The Cleanie Awards on this new collegiate excellence award,” said Remy Pangle, Executive Directly of REpowering Schools. The Cleanie Awards is such a respected and well-known awards program, and we look forward to the opportunity to work with them to recognize the amazing things happening on college campuses throughout the country to bring renewable energy into the forefront.”
Please visit www.thecleanieawards.com for more information. Applications open on April 22.
About The Cleanie Awards®
The Cleanie Awards is the only cleantech and renewables industry awards program focused on honoring innovators and disruptors who are creating market-moving solutions. The program’s mission is to influence public opinion about technologies working toward a clean energy future. The team includes a highly prominent advisory board and judging panel of experienced business leaders, entrepreneurs, and communicators who are committed to advancing clean technology.
Visit the website at www.thecleanieawards.com and follow The Cleanie Awards on Twitter or Facebook at @CleanieAwards and LinkedIn.
About REpowering Schools
REpowering Schools supports renewable energy education efforts throughout the country and connects industry with students and educators and recognizes excellence in these areas. We do this through a variety of national efforts, such as providing support to states through fundraising assistance and network coordination, providing funding support in the form of grants and scholarships, hosting an annual awards program, and collaborating with other organizations to offer events to connect industry, students, and educators.
Visit our website at https://www.repoweringschools.org/ and follow us on Facebook and LinkedIn at @repoweringschools.
Media Contact
Margaret L. Brown
MLB Communications Strategies & Public Relations
703-898-9443
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Sponsorship Contact
Randee Gilmore
Executive Director
The Cleanie Awards®
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting government and commercial markets, today announced that it will issue first quarter 2021 results after market close on Wednesday, April 28, 2021. A conference call will be held Thursday, April 29, 2021 at 8:30 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To participate in the live teleconference:
Domestic Live: |
(877) 407-0789 |
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International Live: |
(201) 689-8562 |
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Audio Webcast: |
To listen to a replay of the teleconference through May 13, 2021:
Domestic Replay: |
(844) 512-2921 |
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International Replay: |
(412) 317-6671 |
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Replay PIN Number: |
13718038 |
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets supporting government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit www.vsecorp.com.
FORWARD LOOKING STATEMENTS
This release contains statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward-looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and VSE specifically disclaims any obligation to update these statements in the future.
INVESTOR RELATIONS: Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q1 2021 results on Wednesday, May 12, 2021, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 7046138.
Emera will hold its Annual General Meeting on Thursday, May 20, 2021, at 11:00 a.m. Atlantic (10:00 a.m. Eastern) at Emera Place, 5151 Terminal Road, Halifax, Nova Scotia.
Emera is subject to the Nova Scotia Companies Act annual general meeting requirements, as well as directives under the Nova Scotia Health Protection Act and Emergency Management Act which currently limit the capacity for in-person meetings. Shareholders will be able to participate in the meeting by webcast and will be able to exercise voting rights and ask questions electronically during the meeting. In the interest of public safety and in light of attendance restrictions, Emera strongly encourages shareholders to take advantage of their option to vote by proxy, in advance, or participate in the meeting through electronic means. More information on how to do so can be accessed at investors.emera.com/2021-annual-meeting.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H and EMA.PR.J. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations
Erin Power, Director, Investor Relations
902-428-6760
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CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that the Company will hold a webcast to review its second quarter fiscal 2021 results on Thursday, April 22, 2021, at 10:00 a.m. Eastern Time.
To access the webcast, please visit the investor relations section of the Company's website: http://www.marinemax.com. The online replay will be available for a limited time beginning within one hour of the conclusion of the call.
The Company will release its second quarter fiscal 2021 financial results prior to the market open on Thursday, April 22, 2021.
During the call, it is possible that the Company may make public disclosure of material nonpublic information and may make forward-looking statements regarding the Company's business, operations, and financial condition.
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 77 retail dealership locations, including 30 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, it is also the largest super-yacht services provider, operating locations across the globe. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). For more information, please visit www.marinemax.com.
Michael H. McLamb
Chief Financial Officer
727-531-1700
Media:
Abbey Heimensen
MarineMax, Inc.
Investors:
Brad Cohen or Dawn Francfort
ICR, LLC
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DUBLIN--(BUSINESS WIRE)--The "Global Electric Vehicle (EV) Charging Station Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the electric vehicle (EV) charging station market and it is poised to grow by $22.02 billion during 2021-2025 progressing at a CAGR of 31% during the forecast period.
The report on electric vehicle (EV) charging station market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing number of M&A and strategic partnerships and government subsidies and incentives.
The electric vehicle (EV) charging station market analysis includes type segment and geographical landscapes. This study identifies declining prices of lithium-ion batteries as one of the prime reasons driving the electric vehicle (EV) charging station market growth during the next few years.
Companies Mentioned
The report on electric vehicle (EV) charging station market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Type
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/5uh7tk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--White Oak ABL, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a second $10 million line increase and extension, bringing the total ABL Credit Facility to $95 million, to Hunt & Sons, Inc., a third-generation, family-owned diversified petroleum products distributor. This is the fourth amendment closed between the firms.
“We are thrilled to partner with and fund the ongoing success of Hunt & Sons to support their acquisitions and provide them with the flexible working capital they need to achieve their business goals,” said White Oak ABL Managing Director Clark D. Griffith. “We believe their strong position in the marketplace and our scalable solutions will continue to generate positive outcomes.”
Founded in 1946 and headquartered in Sacramento, California, Hunt & Sons specializes in commercial fleet fueling services, bulk fuel supply and comprehensive lubricant solutions for industrial, commercial and agricultural use.
“White Oak is a hands-on partner whose reliable funding has helped our company make two key acquisitions during uncertain markets,” said Joshua Hunt, CEO of Hunt & Sons. “Their creative thinking and ready capital have enabled us to move our business forward with certainty and we look forward to our continued partnership.”
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.
Jonathan Setiabrata
Investor Relations
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BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE:IDA) will report its first quarter results on Thursday, April 29, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the first quarter 2021 earnings.
All parties interested in listening may do so through a live Webcast or by calling (833) 759-1159 for listen-only mode. The passcode for the call is 5178488. The conference call logistics are posted on the company’s Website (www.idacorpinc.com) and will be included in the company’s earnings news release. Slides will be included during the conference call. To access the slide deck, register for the event just prior to the call at https://www.idacorpinc.com/investor-relations/earnings-center/default.aspx. A replay of the conference call will be available on the company’s website for a period of 12 months and will be available shortly after the call.
IDACORP, Inc., Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power Company, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power began operations in 1916 and employs approximately 2,000 people to serve a 24,000 square-mile service area in southern Idaho and eastern Oregon. Idaho Power's goal of 100% clean energy by 2045 builds on its long history as a clean-energy leader providing reliable service at affordable prices. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s more than 580,000 residential, business, and agricultural customers pay among the nation’s lowest prices for electricity. To learn more about IDACORP or Idaho Power, visit www.idacorpinc.com or www.idahopower.com.
Justin S. Forsberg
Director of Investor Relations & Treasury
Phone: (208) 388-2728
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Brand to Eliminate Plastic Shopping Bags in U.S. & Canada Stores by 2023
SAN FRANCISCO--(BUSINESS WIRE)--Today, Old Navy announces the elimination of plastic shopping bags in the U.S. and Canada stores by 2023, alongside other plastic reduction commitments aimed at creating a greener, cleaner future for the next generation. The brand will also invest in a new wave of earth-minded changemakers in honor of the 51st anniversary of Earth Day. In partnership with 11-year-old Next Gen leader Ryan Hickman of Ryan’s Recycling Company, Old Navy will fund 51 GoFundMe fundraisers from young advocates leading environmental progress in their communities.
Alongside its own sustainability efforts, Old Navy wants to encourage the next generation of innovative, eco-conscious activists to #imagineabetterfuture. The brand is naming “Recycle Ryan” Hickman as Old Navy’s Head of FUNcycling and investing in Project 3R, Ryan’s nonprofit organization dedicated to recycling awareness. In his new role, Ryan will work with Old Navy to select youth-led GoFundMe fundraisers focused on sustainability. In honor of the 51st Annual Earth Day, the brand will fund 51 fundraisers from now until the end of 2021. On its social channels, Old Navy will be sharing a series of tips from the recycling prodigy that are “so easy an adult can do them.”
“I’m really passionate about recycling and taking care of our environment, and that’s why I’m so excited to be partnering with Old Navy to make plastic waste a thing of the past,” said Old Navy Head of FUNcycling Ryan Hickman. “Together, we will work to raise awareness and support those that are making a difference in their communities. I am a strong believer that we can make a big impact when we all work together.”
Old Navy is imagining a greener future where plastic waste is a thing of the past. Parent company Gap Inc. has committed to eliminating unnecessary single-use plastics by 2030, and Old Navy is sharing steps towards that goal. By 2023, all plastic shopping bags in the brand’s U.S. and Canada stores will be replaced with paper shoppers made from 40% post-consumer waste kraft material. By the end of 2021, the brand’s plastic hanger recycling program, currently in over half of U.S. and Canada stores, will extend to 100% of the fleet.
Additionally, packaging from OldNavy.com, as well as those from Gap Inc. sister brands, will be updated to 50% recycled content, increased from the current 35%. These mailers, which will begin hitting mailboxes this summer, will also be reusable for returns and recyclable at drop-off locations. Customers can learn more at Gapinc.com/inthebag.
Old Navy’s sustainability work is part of the brand’s purpose platform The Imagine Mission. The Imagine Mission strives to create a better future for future generations through the pillars of opportunity, inclusivity and sustainability. Learn more about Old Navy’s values-driven work at Oldnavy.com/Imagine.
About Old Navy
Old Navy is a global apparel and accessories brand that makes current American essentials accessible to every family. Originated in 1994, the brand celebrates the democracy of style through on-trend, playfully optimistic, affordable and high-quality products. A division of San Francisco-based Gap Inc. (NYSE: GPS), Old Navy brings a fun, energizing shopping environment to its customers in more than 1,200 stores around the world. For more information, please visit www.oldnavy.com.
About GoFundMe
Founded in 2010, GoFundMe is a fundraising platform that connects people, causes, and charities seeking support with those able to help. GoFundMe provides an efficient and safe platform to raise money for both immediate and long-term needs, while making an impact on a global scale. GoFundMe is inspiring hope and changing lives through giving. Find us on Twitter, Facebook and Instagram.
[TM1] Announced in Gap Inc’s 2019 Sustainability Report: https://www.gapincsustainability.com/environment/protecting-our-shared-environment/diverting-waste
Media Contacts
Taylor Frazier
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Mandy Moore
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The IPP developer, owner, and operator seeks to grow its portfolio through the acquisition of development, operating renewable, and storage assets throughout the US.
PHILADELPHIA--(BUSINESS WIRE)--Global Energy Generation LLC, a developer and operator of clean energy generation assets, welcomes Ignacio Ibarguren as VP, M&A and Finance.
Ignacio was previously Sr. Director, Business Development at Tyr Energy, Inc (“Tyr”). Ignacio has 15+ years’ experience in the global power business having held a variety of positions ranging from Treasury, Asset Management, Power Origination and M&A. At Tyr, Ignacio was deal lead for cash and tax equity transactions, pursued Tyr’s expansion into Latin America, and was asset manager for several gas fired assets in CAISO and PJM. Ignacio holds a Licentiate in Economics from Universidad de Córdoba (Argentina), an MBA with a concentration in Finance from the University of Kansas and is a CFA Charter Holder.
“Mr. Ibarguren’s role as a leader in our organization assures that our focus on growth continues to identify only the best opportunities. From asset management to operations, our experienced team can rely on Ignacio for excellence. Over the coming months we will be deploying some of the biggest renewable assets in America.,” – Nick Cohen, President & CEO.
Ignacio will be responsible for growing Global Energy Generation’s development and operating asset portfolio and leading other major commercial efforts. Global Energy Generation’s portfolio comprises of over three (3) gigawatts of projects under development, mostly in the Mid-Atlantic and Midwest regions.
“Global Energy Generation LLC, a member of the Doral Group, follows the same success model that propelled Doral Group into a renewable energy leader both in Israel and abroad. We aim to hire the best people and execute with a long-range owner view.” – Yaki Noyman, CEO, Doral Group
Global Energy Generation LLC
The Company combines the advanced engineering, development and operating experience of Doral Group with a team of US-based renewable energy & battery storage project developers, leveraging extensive experience throughout the U.S.
Doral Group is a publicly traded (TASE) leading international developer and owner-operator of over 400 energy facilities globally. The GEG management team has over 100 years in combined experience with transactional histories and deep relationships with infrastructure funds, investment banks, tax equity investors and energy industry experts.
GEG has initiated over three gigawatts (dc) of renewables projects in the US, primarily in the Mid-Atlantic and Midwest regions, and continues to add world-class projects to its portfolio every year.
Nick Cohen
President
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570-840-5835
www.gegrenewables.com
New position increases management focus on expanding operations and extending technology solutions
HOUSTON--(BUSINESS WIRE)--Kayrros today announced the appointment of Malcolm Theobald as president of Kayrros North America. Theobald will head a growing team of Kayrros data specialists and analysts based in Houston, New York City, and Berkeley, California, dedicated to delivering market-leading tools to help decision-makers pilot the energy transition and manage their energy and environmental activities.
In announcing the new appointment, Kayrros president Antoine Rostand remarked: “We welcome Malcolm to Kayrros. His experience in energy, work with financial institutions, and his interest in science and the environment, provide a unique combination that matches the growing footprint and customer base of Kayrros, particularly in North America. As satellite data render the energy industry more transparent by detecting, measuring and attributing energy flows and emissions, our North American team is set to bring increased growth and finer granularity to both global and regional solutions.”
Theobald joins Kayrros after a 33-year international career with Schlumberger that included positions in the U.S., as well as management and technical assignments in Scotland, France, England, Norway, Holland and Nigeria. His broad experience extended to a six-year term as head of corporate investor relations, global account management, and business line presidency. After leaving Schlumberger, Theobald consulted with energy companies on their operations, marketing and sales, and financial communications as they pursued growth in markets that are increasingly becoming more efficient and more sustainable.
Theobald graduated from the University of Wisconsin—Madison with a BS in Mining Engineering. He is presently an active member of the Board of Visitors for the university’s Geological Engineering Department, which targets the integration of science and engineering to support sustainability with new technologies that provide the foundation of energy transition.
About Kayrros
Kayrros is the leading global asset observation platform built on fundamental science, strong R&D, and leading technology. Harnessing satellite imagery and multiple sources of unconventional data with machine learning, natural language processing, and advanced mathematics, Kayrros monitors and measures energy and natural resource activity worldwide. With access to data on more than 200,000 industry assets, Kayrros customers track individual or multiple assets in configurable proprietary or collaborative workflows to analyze industrial and environmental performance for maximum insight and optimal operational and financial decisions. For more information, visit www.kayrros.com.
Chris Jones
Pierpont Communications
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713-627-2223
Company adds water and wastewater customers in Washington, Idaho and Texas
PORTLAND, Ore.--(BUSINESS WIRE)--NW Natural Water Company, LLC (NW Natural Water), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), recently completed two acquisitions and signed three additional agreements to acquire utilities near its existing service territories, furthering the company’s growth strategy in the water utility sector.
Closed acquisitions include Morning View Water Company in the Idaho Falls area and Del Bay Association in Freeland, Washington. In addition, NW Natural Water subsidiaries have executed the following acquisition agreements: Troy Hoffman Water Corporation in northern Idaho; Belle Oaks Water & Sewer Co. in southeast Texas; and Pelican Point Water Co. in Washington.
The recent and pending acquisitions reflect the continued traction of NW Natural Water’s growth strategy, and the company’s success in expanding its presence around the communities it serves.
“We’re excited to see NW Natural Water expand and grow across our service footprint through these tuck-in acquisitions. It demonstrates the value we can bring to the sector and the strength of our business and community relationships,” said Justin Palfreyman, NW Natural Water’s president. “We’re pleased to welcome these new customers into our family and provide them with clean, safe and reliable water and wastewater services. We look forward to enhancing customer service and investing in these communities for the future.”
When these acquisitions close, NW Natural Water will serve approximately 65,000 people through over 27,000 connections and is expected to have invested approximately $111 million in the water sector cumulatively.
“I’m pleased with our acquisition progress and our proven ability to operate these systems safely and reliably,” said David H. Anderson, NW Natural Holding’s president and CEO. “I look forward to continuing to actively pursue growth opportunities across the United States. As a result of our focus and efforts to date, NW Natural Water is well positioned for future growth.”
NW Natural Water remains focused on disciplined growth through acquisitions. In addition, NW Natural Water can provide utility services to new developments, master-planned communities, and other water and wastewater projects.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.
NW Natural Water currently provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. After pending acquisitions close, NW Natural Water will serve approximately 65,000 people through approximately 27,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
FORWARD LOOKING STATEMENTS
This report, and other presentations made by NW Natural Holdings from time to time, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements regarding the following: plans, objectives, goals, strategies, assumptions, estimates, expectations, expenses, future events, water and wastewater investments, system modernization, reliability, service territory, customer and business growth, customer satisfaction ratings, customer rates or rate recovery, the water utility growth strategy and priorities, acquisitions and the completion, integration, and effects thereof, the likelihood, timing, and success associated with any transaction, financial results, accretion or financial projections, strategic fit, revenues and earnings, performance, timing or effects of future regulatory proceedings or future regulatory approvals, and other statements that are other than statements of historical facts.
Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are discussed by reference to the factors described in Part I, Item 1A "Risk Factors," and Part II, Item 7 and Item 7A "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosure about Market Risk" in NW Natural Holdings’ most recent Annual Report on Form 10-K, as updated by subsequent filed reports, and in Part I, Items 2 and 3 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures About Market Risk," and Part II, Item 1A, "Risk Factors," in such company's quarterly reports filed thereafter.
All forward-looking statements made in this report and all subsequent forward-looking statements, whether written or oral and whether made by or on behalf of NW Natural Holdings, are expressly qualified by these cautionary statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
New factors emerge from time to time and it is not possible for the company to predict all such factors, nor can it assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements.
Business Development Contact: Dave Gioia, 503-610-7366, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact: Nikki Sparley, 503-721-2530, This email address is being protected from spambots. You need JavaScript enabled to view it.
--(BUSINESS WIRE)--#EBA--Join the International Swaps and Derivatives Association, Inc. (ISDA) at its 35th Annual General Meeting (AGM), being held virtually for the first time from Monday May 10 until Wednesday May 12, 2021.
Keynote addresses include:
Accredited journalists are invited to attend the event and must register in advance. |
Please send your name, affiliation and contact details to Lauren Dobbs at This email address is being protected from spambots. You need JavaScript enabled to view it. |
The AGM will include sessions on:
Additional information regarding the conference, including an agenda, is available on the ISDA's website. An updated agenda will be available in due course.
WHEN: Virtual sessions are held on Monday May 10 – Wednesday May 12, 2021.
Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 925 member institutions from 75 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association’s website: www.isda.org. Follow us on Twitter, LinkedIn, Facebook and YouTube.
All press attending this conference must register in advance
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ISDA ® is a registered trademark of the International Swaps and Derivatives Association, Inc.
Lauren Dobbs
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+1 212-901-6019
HOUSTON--(BUSINESS WIRE)--Sawtooth Caverns, LLC (“Sawtooth” or “Company”) announced today that it has completed an expansion allowing it to receive, store and return refined products by truck. The conversion of a salt cavern to refined products storage, along with the construction of new truck rack infrastructure is a milestone achievement for the Company. The new rack offers fully automated truck bays with high speed offloading into its salt caverns and reloading of trucks from the same bays. Sawtooth is located in Delta UT, which is 130 miles south of Salt Lake City UT, and 320 miles north of Las Vegas NV, which puts it in the ideal position to provide storage services for both markets by truck.
“Sawtooth’s new capabilities allow us to enter a completely new space,” said Dan Myers, CEO. “This is the first step in transforming our terminal from the largest NGL storage facility in the West to the Western Energy Hub of the U.S. Many people don’t realize that the oxygen-free environment of salt caverns allows for long-term storage of gasoline without the chemical decomposition of the product that’s experienced in above-ground tanks. In Europe, gasoline has been stored for up to a decade in salt caverns. Without the requirement to completely rotate the gasoline every few months, this will create opportunities for refiners, wholesalers and traders that have not previously existed in this part of the country.”
Sawtooth currently stores millions of barrels of NGLs and Refinery Feedstocks in its deep-well salt caverns. It’s Central Western location and direct access to Union Pacific rail, as well as the U.S. Highway system, allow it to support all PADD 4 and PADD 5 markets.
For more information on Sawtooth, please see our website at www.SawtoothCaverns.com. For information on refined products or other storage, please contact Roger Pederson at This email address is being protected from spambots. You need JavaScript enabled to view it.. For information on NGL storage, please contact Mark Henson at This email address is being protected from spambots. You need JavaScript enabled to view it..
Sawtooth
Roger Pederson
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NGL storage
Mark Henson
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New Supplier Leadership on Climate Transition collaborative guides suppliers on science-based targets and renewable energy to reduce emissions
WASHINGTON--(BUSINESS WIRE)--Guidehouse, a leading global provider of consulting services to the public and commercial markets, has joined forces with Mars, Incorporated, McCormick & Company, and PepsiCo for the formation of the Supplier Leadership on Climate Transition collaborative (Supplier LoCT), an initiative to help engage suppliers in climate action and solutions.
Recognizing the impact that global supply chains have on the health of the planet, the collaborative aims to mobilize collective climate action by providing suppliers with resources, tools, and knowledge to support their own climate journeys.
“Emissions reductions are now essential, and global supply chains contain some of the most significant and difficult-to-reduce emissions. While organizations across the world have made bold commitments to science-based climate reductions, most are struggling to deliver progress, and the clock is ticking,” said Britt Harter, Guidehouse’s sustainability lead and partner in the firm’s Energy, Sustainability, and Infrastructure (ES&I) segment. “We have joined forces with Mars, McCormick, and PepsiCo to demonstrate our combined leadership and go beyond target setting to drive real action.”
Through the collaborative, the organizations will mentor and train suppliers in emissions reduction strategies and recognize their achievements. In turn, supplier progress will accelerate the ability of Mars, McCormick, and PepsiCo to deliver against their individual science-based targets to reduce greenhouse gas (GHG) emissions in their full value chains. These targets were set to align with the overall goals of the Science Based Targets initiative and RE100 to limit global warming to be consistent with the established goal of the 2015 Paris Agreement.
“Suppliers play a critical role in combatting climate change and in helping brands reach their climate targets,” said Matthew Banks, communication director of Supplier LoCT and associate director in Guidehouse’s ES&I segment. “The Supplier LoCT collaborative is a true team effort across companies and sectors to reduce supply chain emissions. We will enlist more brands and suppliers to join us in our mission, which is aligned with what scientists indicate is required to mitigate the worst impacts from climate change.”
To help suppliers advance their sustainability journeys, Guidehouse will leverage its 30+ plus years of experience in sustainability consulting. In future years, it will also rely on its newly launched sustainability management platform, Guidehouse PapayaTM, to track progress. The co-founding business participants will tap into their own experiences in reducing their environmental impacts:
“As the world looks to rebuild from the pandemic, this will be a critical year in altering the trajectory of climate change. It’s never been more vital for global businesses, suppliers, and key actors to come together in this time of crisis, and protect the health of our planet and global communities for generations to come,” said Barry Parkin, chief procurement & sustainability officer at Mars, Incorporated. “By forming this collaborative and actively engaging our suppliers on sustainability, we believe we can drive a meaningful, truly global impact.”
“People, planet, and communities have been at the heart of our Purpose Led Performance for many years, supported and championed at the highest levels within McCormick,” said Michael Okoroafor, VP Global Sustainability and Packaging at McCormick and Company. “This collaborative LoCT partnership further demonstrates our commitment to sustainability and doing right for our planet. We are looking forward to engaging our suppliers on this journey to mitigate the climate change impact, and benefit the world around us.”
“PepsiCo has learned a great deal on our journey to a science-based, net-zero target,” said Roberta Barbieri, vice president of Sustainability at PepsiCo. “Our suppliers’ climate action is critical to achieving our goal, and it’s collaborative efforts like these that will help ensure what we’ve learned is shared with our entire supplier base.”
Other industry organizations, including FMI, the Food Industry Association, and sustainability nonprofit Ceres, applaud the collaborative’s efforts to convene suppliers on this important topic.
“Pre-competitive collaborations like this are a critical component to industry progress toward science-based targets,” said Marjorie DePuy, senior director, Supply Chain & Sustainability at FMI. “Every company’s supply chain practices are important in the drive to reduce overall GHG emissions.”
“With leading companies increasingly setting science-based targets, we see growing demand for peer-to-peer learning focused in particular on scope 3 emissions in corporate supply chains,” said Steven Clarke, director of Corporate Clean Energy Leadership at the sustainability nonprofit Ceres. “The challenge goes beyond motivating ambition that cascades through supplier tiers; meaningful impact will depend on building suppliers’ capacity to act.”
About Guidehouse’s Energy, Sustainability, and Infrastructure Segment
With more than 700 consultants, Guidehouse’s global Energy, Sustainability, and Infrastructure segment is the strongest in the industry. We are the go-to partner for leaders creating sustainable, resilient communities and infrastructure, serving as trusted advisors to utilities and energy companies, large corporations, investors, NGOs, and the public sector. We’ve solved big challenges with the world’s 60 largest electric, water, and gas utilities; the 20 largest independent power generators; five of the 10 largest oil & gas majors; the 20 largest gas distribution and pipeline companies; European governments; and the US federal government’s civilian agencies involved in the country’s land, resources, and infrastructure. We combine our passion, expertise, and industry relationships to forge a resilient path toward sustainability for our clients. We turn vision into action by leading and de-risking the execution of big ideas and driving outcomes for our clients that enable them to reach their ambitions through transformation. For more information, please visit www.guidehouse.com/esi.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets, with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 9,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
About Mars, Incorporated
For more than a century, Mars, Incorporated has been driven by the belief that the world we want tomorrow starts with how we do business today. This idea is at the center of who we have always been as a global, family-owned business. Today, Mars is transforming, innovating and evolving in ways that affirm our commitment to making a positive impact on the world around us. Across our diverse and expanding portfolio of confectionery, food, and petcare products and services, we employ more than 130,000 dedicated Associates who are all moving in the same direction: forward. With $40 billion in annual sales, we produce some of the world’s best-loved brands including DOVE®, EXTRA®, M&M’s®, MILKY WAY®, SNICKERS®, TWIX®, ORBIT®, PEDIGREE®, ROYAL CANIN®, SKITTLES®, BEN’S ORIGINAL™, WHISKAS®, COCOAVIA®, and 5™; and take care of half of the world’s pets through our pet health services AniCura, Banfield Pet Hospitals™, BluePearl®, Linnaeus, Pet Partners™, and VCA™. We know we can only be truly successful if our partners and the communities in which we operate prosper as well. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire our Associates to take action every day to help create a world tomorrow in which the planet, its people and pets can thrive. For more information about Mars, please visit www.mars.com. Join us on Facebook, Twitter, LinkedIn, Instagram and YouTube.
About McCormick & Company
McCormick & Company, Incorporated is a global leader in flavor. With over $5 billion in annual sales across 160 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands include McCormick, French’s, Frank’s RedHot, Stubb’s, OLD BAY, Lawry’s, Zatarain’s, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick. Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Twitter, Instagram and LinkedIn.
About Ceres
Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. Through our powerful networks and global collaborations of investors, companies and nonprofits, we inspire action and drive equitable market-based and policy solutions throughout the economy to build a just and sustainable future. For more information, visit ceres.org and follow @CeresNews.
For more information, contact:
Lindsay Funicello-Paul
Guidehouse
781.270.8456
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For organizations interested in working with Supplier LoCT, contact:
Matthew Banks
Guidehouse
202.973.3203
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-- Recognized as a pioneer and leader in simulation for the nuclear industry, GSE is a stronghold of industry experts delivering engineering and workforce solutions to increasingly diverse end markets --
COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP) a leader in advanced engineering and workforce solutions that support, optimize, and decarbonize operations for the power industry, this year celebrates 50 years of service to power generation industries with a new 5-year vision.
2021 marks the 50th anniversary of GSE delivering the first full-scope nuclear power plant simulator to the Rancho Seco Nuclear Generating Station in California. The Company has since delivered over 170 nuclear plant simulators to customers worldwide and extended its solutions to deliver essential engineering services, software products, and workforce solutions.
Over five decades, GSE has continually evolved, focusing on providing ever more innovative and technology-based solutions to customers. The Company is once again moving forward through innovation to target its services to help customers meet decarbonization goals within the power industry. GSE’s new 5-year vision will draw on its deep expertise to advance the mission of decarbonization, broadening its reach beyond zero-carbon nuclear power to natural zero-carbon adjacencies such as hydrogen, wind, utility-scale battery storage and other critical technologies required for a zero-carbon grid.
“Celebrating 50 years is exciting for our employees and customers,” said Kyle Loudermilk, President and CEO of GSE Solutions. "Recent contract announcements reflect the extraordinary skills and unique expertise for which GSE has been known throughout our history. We are proud of our efforts to drive the availability and reliability of clean, abundant, and affordable energy for society, enabling environmental equity as a result. The future looks very bright for GSE and we look forward to supporting our longstanding clients and new customers in the years to come as the nation invests heavily in decarbonizing the grid."
ABOUT GSE SOLUTIONS
We are visionaries, and the solutions we create now will be at the forefront of the power industry. GSE Solutions leverages five decades of proven industry experience to provide unique and essential engineering and workforce solutions, services and products focused on performance optimization, regulatory compliance, simulation, training, and staffing for customers worldwide. As one of the largest independent companies serving the clean energy sector of nuclear power and adjacent industries, our solutions support the future of clean energy production and overall decarbonization initiatives of the power industry. www.gses.com
Media Contact
Sunny DeMattio, GSE Solutions
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P: +1 410.970.7931
Investor Contact
Kalle Ahl, The Equity Group
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P: +1 212.836.9614
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