HOUSTON--(BUSINESS WIRE)--Covenant Testing Technologies, LLC ("Covenant”) announced today that it has combined with Stuart Pressure Control ("Stuart") to form the premier provider of Well Flow & Sand Management and Pressure Control Solutions in the Permian, DJ, Eagle Ford and Haynesville. The transaction is a debt-free, equity-for-equity combination whereby Catapult Energy Services Group, LLC, an NGP and NGP Energy Technology Partners portfolio company, and affiliates of White Deer Energy will partner together under common equity ownership in Covenant.
Covenant now represents the leading provider of flowback, production and sand management, and pressure control products and associated services. The combined strength of Covenant’s well flow technology and Stuart’s pressure control offering creates the largest independent well flowback and pressure control provider in the Permian, DJ, Eagle Ford, and Haynesville. The combined company’s blue-chip customer base will benefit from the expanded product and service offerings to deliver superior value to their completion, production, and workover applications. This platform drives deeper focus and talent into the areas Covenant and Stuart are known for – well flowback and pressure control. The Company’s pressure control lines now consist of frac stacks, Single Line®, zipper manifolds, wireline PC, drill outs, torque & test, and blow-out preventers (BOPs). The well flow management lines now consist of flowback, well testing, sand management and production site management services.
Stuart’s Chairman and CEO, Joe Compofelice, commented, “In this new oil price environment, consolidation in the oilfield services business is necessary, and partnering with Covenant will make us both stronger and able to retain and build on our leading positions in the marketplace.”
Jim Burtner, President and CEO of Covenant, will lead the combined businesses. Mr. Burtner has extensive oilfield service experience, largely focused on completions, production services and technologies as a Vice-President of Baker Hughes and Partner at Select Energy Services. Mr. Burtner commented, "By combining our people, assets and systems in accordance with our core values and safety culture, the combined company will deliver superior equipment and service to the well site from frac to production. With our expanded service offerings, our competitiveness in each business line will increase and enable us to be more efficient and cost-effective for our customers. “
Greg Laake will continue as Managing Partner of Catapult Energy Services Group and take a strategic role as Executive Chairman at Covenant. Mr. Laake remarked, “Bringing together two top-flight field organizations under one set of professional management with a strong performance culture makes all the sense in the world. We will continue to seek efficiency and cost reductions in the industry to provide a better value proposition to our combined customer base. We are pleased to partner with White Deer Energy as we continue to seek efficiencies and deliver value in this market segment.”
FMI Capital Advisors served as exclusive financial advisor to Covenant and Locke Lord LLP served as legal counsel in the transaction. Bracewell LLP served as legal counsel for Stuart.
About Stuart Pressure Control & White Deer Energy
Stuart Pressure Control offers a complete pressure control package for unconventional oil and gas development. Stuart’s customers benefit from the cost savings associated with purchasing complete pressure control services from one vendor, as well as from their safer and more efficient well site environments. Stuart was a portfolio company of White Deer Energy, a leading energy, industrials, and infrastructure focused private equity firm that has raised in excess of $2.7 billion in committed capital since inception. White Deer will continue to be a shareholder in Covenant.
About Covenant Testing Technologies
Covenant combines high-quality equipment and leading technology with some of the most skilled and knowledgeable operators in the business. Covenant provides best-in-class flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry.
About Catapult Energy Services Group
Catapult uses an innovative approach to invest in start-ups, acquisitions, and workout situations in the oilfield services sector. Led by experienced OFS professionals, Catapult is funded by NGP and NGP Energy Technology Partners.
About NGP
Founded in 1988, NGP is a premier private equity firm in the natural resources industry with over $20 billion of cumulative equity commitments organized to make strategic investments in the energy and natural resources sectors. For more information, visit www.ngpenergycapital.com.
About NGP Energy Technology Partners
NGP Energy Technology Partners (“NGP ETP”) invests equity capital for growth and buyout transactions in companies that provide products and services to the oil and gas, power, environmental, energy efficiency, and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by investment professionals that have extensive experience investing in those subsectors. The investment team strives to partner with strong, experienced management teams and work with them to create significant value.
Covenant Testing Technologies, LLC:
Gregory D. Laake
Executive Chairman
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Tel: 832.539.7021
LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, announced today that Troy Rudd, AECOM’s chief executive officer, will participate in a fireside chat hosted by Citi on August 19th at 11 a.m. Eastern Time. The discussion will include prepared remarks and a question and answer session, with a focus on the Company’s strategic and financial priorities.
“I am proud of how the organization has banded together to deliver exceptional performance despite the unprecedented challenges facing our teams, clients, and the communities in which we work,” said Mr. Rudd. “I look forward to discussing in more detail how, in partnership with Lara Poloni, our president, and our great leadership team, we are continuing our transformation into a higher-margin, lower-risk Professional Services business with a key objective of creating value for all stakeholders.”
Key Topics to Be Discussed
AECOM’s momentum was underscored by its recently announced fiscal third quarter results that included a seventh-consecutive quarter of double-digit adjusted EBITDA1 growth and a 13.2% segment adjusted operating margin1, 2 that reflected a 250 basis point improvement over the prior year. As a result, the Company increased its full year adjusted EBITDA guidance on August 4, 2020 to between $720 million and $740 million, which would reflect 11% growth at the mid-point of the range and mark a second consecutive quarter of double-digit earnings growth.
Associated materials will be posted online at https://investors.aecom.com, where available.
1 Excludes the impact of non-operating items, such as non-core operating losses and transaction-related expenses, restructuring costs and other items. See Regulation G Information for a complete reconciliation of Non-GAAP measures.
2 Reflects segment operating performance, excluding AECOM Capital.
About AECOM
AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm with revenue of approximately $20.2 billion during fiscal year 2019. See how we deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Management Services transaction, including the risk that the expected benefits of the Management Services transaction or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with the Management Services transaction will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
AECOM |
||||||||||
Regulation G Information |
||||||||||
(in millions, except per share data) |
||||||||||
Reconciliation of Net Income Attributable to AECOM to Adjusted EBITDA
|
||||||||||
|
Three Months Ended |
|||||||||
|
Jun 30,
|
|
Jun 30,
|
|||||||
|
|
|||||||||
Net income attributable to AECOM |
$ |
56.0 |
|
$ |
91.1 |
|
||||
Income tax expense (benefit) |
|
27.2 |
|
|
(7.2 |
) |
||||
Income attributable to AECOM |
|
83.2 |
|
|
83.9 |
|
||||
Depreciation and amortization expense1 |
|
42.6 |
|
|
51.3 |
|
||||
Interest income2 |
|
(3.0 |
) |
|
(2.6 |
) |
||||
Interest expense3 |
|
40.7 |
|
|
34.9 |
|
||||
Amortized bank fees included in interest expense |
|
(2.5 |
) |
|
(1.3 |
) |
||||
EBITDA |
$ |
161.0 |
|
$ |
166.2 |
|
||||
Non-core operating losses & transaction related expenses |
|
(2.5 |
) |
|
- |
|
||||
Restructuring costs |
|
- |
|
|
20.3 |
|
||||
Adjusted EBITDA |
$ |
158.5 |
|
$ |
186.5 |
|
||||
1 |
Excludes depreciation from non-core operating losses, and accelerated depreciation of project management tool; |
|
2 |
Included in other income; |
|
3 |
Excludes related amortization |
Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Media Contact:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
213.996.2367
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Former Board Chair Mike Brothers Leads Financial Initiative
DENVER--(BUSINESS WIRE)--OmniTRAX, one of the fastest growing railroads in North America and an affiliate of The Broe Group, announces Mike Brothers will chair its newly established Audit Committee as part of the company’s strategic growth plan. Audit activities were previously the responsibility of the entire board. The Audit Committee will be comprised of OmniTRAX board members, Broe family members and management representatives, and commences its work immediately.
“Given our dramatic pace of growth, we’ve reached the point where a formal committee’s collaborative guidance can really provide invaluable insights to help our executive team leverage our financial performance,” said Kevin Shuba. “Mike’s knowledge of the company from working with us for 20 years and his leadership will help the Audit Committee provide the guidance to enable strong fiscal agility and certainty as we weigh future strategic opportunities.”
Known for its best-in-class service and safety industry performance, OmniTRAX’s enhanced attention to its financial reporting positions the company to build on its record-setting performance. The Audit Committee is tasked with delivering industry-leading financial reporting and analysis to inform company strategy.
Brothers, a founding OmniTRAX board member, participated in the recruitment of the current management team and its most recent board additions, and is uniquely qualified to lead the new committee’s work directly supporting company leadership.
“OmniTRAX assembled a world class leadership team that continues to post impressive growth,” said Mike Brothers. “Our committee work will ensure that leadership has the critical financial tools to maintain its extraordinary trajectory.”
A Chicago native, Brothers currently serves as managing director in debt capital markets for Fifth Third Bank and combines two decades of transportation experience with an extensive career aiding privately held entrepreneurial businesses. He graduated from Bradley University and holds a MBA from The University of Notre Dame.
About OmniTRAX, Inc.
As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX's core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.
About The Broe Group
Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and support employment of thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of North America’s largest private railroad and transportation management companies specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum LLC, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, visit broe.com.
Media:
Ronald Margulis
RAM Communications
+1 908.272.3930
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SAN FRANCISCO--(BUSINESS WIRE)--CAI International, Inc. (“CAI” or the “Company”) (NYSE: CAI), announces the completion of an agreement to sell substantially all of the assets of its logistics business to NFI, on a debt free, cash free basis. In connection with the sale, substantially all of CAI’s employees of the logistics business were hired by NFI. The sale consideration consisted primarily of payment for the estimated net working capital of CAI’s logistics business as of the closing date, subject to adjustment 180 days after closing to reconcile to the actual net working capital as of the closing date.
Timothy Page, Interim President and Chief Executive Officer of CAI, commented, “The sale of our logistics business is a key step towards our goal of maximizing shareholder returns by focusing all of our resources on our core container leasing business.”
About CAI International, Inc.
CAI is one of the world’s leading transportation finance companies. As of June 30, 2020, CAI operated a worldwide fleet of approximately 1.7 million CEUs of containers. CAI operates through 22 offices located in 12 countries including the United States.
About NFI
NFI is a fully integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $2 billion in annual revenue and employs more than 13,000 associates. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.
Tim Page, Interim President and Chief Executive Officer
(415) 788-0100
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DUBLIN--(BUSINESS WIRE)--The "Tight Gas Market Size, Share & Trends Analysis Report by Application (Industrial, Power Generation, Residential, Commercial, Transportation), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global tight gas market demand is expected to reach 15,452.3 billion cubic feet (BCF) by 2027, ascending at a CAGR of 5.02% from 2020 to 2027.
The rise in government policies for clean fuel production, along with the deployment of advanced drilling technologies across several countries, is likely to drive the market over the forecast period.
Tight gas, a form of natural gas, is regarded as a reliable energy source for power generation and occupies the second-largest share of energy supply in the global electricity generation after coal. The share of tight gas is bound to increase over the coming years in response to the environmental and economic limits of coal generation, at least in countries where natural gas is a viable alternative. This heavy end-use application is expected to positively influence the tight gas industry landscape.
The tight gas supply chain includes production and processing, gas transmission and storage, and distribution to large volume customers, residential customers, and commercial customers. The convergence of multi-stage hydraulic fracturing and horizontal drilling has enabled the industry participants to produce natural gas from tight formations in an economic manner. The development of these advanced techniques is expected to strengthen the upstream segment of the supply chain.
Stable regulatory and fiscal policies, adoption of advanced technologies, decreasing drilling and well completion costs, along with growing investments from international market players, are among the key factors for sustaining the competitiveness of the tight gas industry. Moreover, the profitable production of tight gas depends on the accessible demand markets for it, such as electricity generation, industrial thermal sector, building thermal sector, and others.
Companies Mentioned
Tight Gas Market Report Highlights
Key Topics Covered:
1 Methodology and Scope
2. Executive Summary
3. Market Definitions
4. Tight Gas Market Variables, Trends & Scope
4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Technology Overview
4.3.1. Technology Trends
4.4. Regulatory Framework
4.4.1. Standards & Compliances
4.4.2. Safety
4.5. Market Dynamics
4.5.1. Market Driver Analysis
4.5.1.1. Advancement in Drilling Technology
4.5.1.2. Favorable Government Policies
4.5.2. Market Restraint Analysis
4.5.2.1. High Production Cost
4.6. Business Environment Analysis Tools
4.6.1. Industry Analysis - Porter's
4.6.2. PESTEL Analysis
5. Tight Gas Market Application Outlook
5.1. Tight Gas Market, By Application, 2019 & 2027
5.2. Industrial
5.2.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)
5.3. Power Generation
5.3.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)
5.4. Residential
5.4.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)
5.5. Commercial
5.5.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)
5.6. Transportation
5.6.1. Market Estimates and forecasts by region, 2016 - 2027 (Volume, BCF, Revenue, USD Billion)
6. Tight Gas Market Regional Outlook
6.1. Tight Gas Market, By Region, 2019 & 2027
6.2. North America
6.3. RoW
7. Competitive Landscape
7.1. Key Global Players, Recent Market Developments & Their Impact on the Industry
7.2. Vendor Landscape
8. Company Analysis
For more information about this report visit https://www.researchandmarkets.com/r/szw8uh
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "LPG Market Outlook" report has been added to ResearchAndMarkets.com's offering.
Tactical LPG Forecasting
Featuring proprietary supply, demand and trade forecasts, this new outlook provides insight into changing trends and market patterns, allowing market participants to identify and take advantage of opportunities in the global LPG market. The LPG Market Outlook provides a reliable, forward-looking perspective that empowers users to make critical business decisions with confidence. The publisher has been a trusted advisor to the LPG industry since the 1970s. With unrivalled expertise and the most capable team of LPG professionals in the world, the publisher is pleased to bring its wealth of knowledge to clients.
Market Insight
The LPG Market Outlook identifies where patterns of demand are changing, when demand is likely to be higher, the timing of market dynamics, the scope of shifts in demand and forward-looking arbitrage opportunities.
Unmatched Expertise
The publisher's many years of experience in LPG markets provides a deep understanding of the competitive landscape. Whether it's shipping operations, planning and logistics, cancellations, the impact of external events - weather, outages, politics or oil price spikes and more - put the publisher's insight to work for you.
Identifying Demand-Side Opportunities
The LPG Market Outlook includes 18-month demand forecasts for all major LPG importers, allowing market participants to focus on countries where there may be opportunities to sell. Information about demand changes due to seasonality, petrochemical expansions, turnarounds and overall growth high-light opportunities in importing countries.
The LPG Market Outlook identifies where patterns of demand are changing, when demand is likely to be higher, the timing of markets dynamics, the scope of shifts in demand and forward-looking arbitrage opportunities. LPG Market Outlook includes insight on trade patterns and flows, exports and imports by country and region.
In addition to the monthly report, clients receive an Excel data supplement with supply by source, total trade and domestic demand for key countries, enabling users to adjust the forecasts in line with their own books.
Key Topics Covered
For more information about this report visit https://www.researchandmarkets.com/r/jxuk7p
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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DUBLIN--(BUSINESS WIRE)--The "Marine Engines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Marine Engines Market to Reach $15.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Marine Engines estimated at US$12.7 Billion in the year 2020, is projected to reach a revised size of US$15.1 Billion by 2027, growing at a CAGR of 2.5% over the period 2020-2027.
Commercial Vessels, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$10.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore Support Vessels segment is readjusted to a revised 2.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 4.7% CAGR
The Marine Engines market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/c8paoe
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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DUBLIN--(BUSINESS WIRE)--The "LPG in World Markets" report has been added to ResearchAndMarkets.com's offering.
LPG in World Markets provides comprehensive information, analysis and data on the global LPG brokerage market.
The report provides global coverage of contract and spot LPG pricing, supply and demand, spot transactions, LPG shipping fixtures and trends, and monthly fundamentals data for the major LPG brokerage markets.
Clients benefit from in-depth features and analysis on key issues affecting the industry, along with developments in the Middle East, Asia Pacific and the Americas. We place particular emphasis on industry trends and fundamental analysis of trade flows and supply and demand.
Every issue of LPG in World Markets includes:
Here are just of few of the areas LPG in World Markets covers in-depth:
The report is published monthly. Subscribers also receive the LPG Yearbook, released in the first quarter of each year, which summarizes and reviews the past year's events.
Key Topics Covered
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/bz4mqq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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BURBANK, Calif.--(BUSINESS WIRE)--Healthwatch Systems, LLC announces the availability of Covid-19 Healthwatch, enabling organizations of all sizes to monitor and track their employee’s health symptoms with cloud-based technology.
“In an effort to keep employees safe, comply with governmental regulations and to reduce liability, most businesses are implementing some sort of daily health check questionnaire,” said Ken Barber, CEO of Healthwatch Systems. “Companies using spreadsheets or paper forms are struggling to administer and organize them.”
How it works
Using cloud-based technology, Covid-19 Healthwatch delivers, gathers, analyzes and archives the questionnaires. The system can automatically send out the forms to users that are registered to a shift. Alternatively, QR codes can be setup at entrances for users to scan with their phones. The form is immediately texted to them. The answers are tabulated, and company management can instantly see the results on an interactive dashboard or receive automated notifications.
A unique feature of the Covid-19 Healthwatch System is that a snapshot of the questionnaire response is saved in addition to the answers to the questions. This provides strong documentation in the case of future claims or litigation. The data is stored in highly secured cloud-storage and can be retrieved in seconds and stored for years.
Applications
Covid-19 Healthwatch can be an integral part of company plans to keep their employees and customers safe from Covid-19. It simplifies administering symptom questionnaires for people entering a facility both on a regular or ad hoc basis. It also is ideal for monitoring outside service or sales personnel. Suitable applications include schools, offices, manufacturing facilities, restaurants, health clubs and sports leagues.
Implementation
“We have used the latest in cloud and programming technology to build a reliable, flexible, and easy to use product. Configuration is very straightforward with basic systems being setup in hours and complex ones in a few days. The system supports multiple locations, time zones, departments and groups with global and granular views of the data,” explained David Kraai, Healthwatch Systems CTO
Background
Founded in 2020, Healthwatch Systems provides cloud-based health monitoring solutions. Healthwatch Systems, is affiliated with APT, Inc., a software company with nearly 30 years of profitable operation.
Ken Barber
+1 (818) 824-6676
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Covid-19 Healthwatch
www.covid19healthwatch.com
Tobacco companies will compensate retailers for data through pricing discounts and consumer rebates
ATLANTA--(BUSINESS WIRE)--#pdisoftware--PDI (www.pdisoftware.com), a global provider of ERP, fuel pricing, supply chain logistics, and marketing cloud solutions for the convenience retail and petroleum wholesale industries, today announced that it is offering its tobacco scan data package to single-site and independently operated c-stores for free. The package is part of PDI’s CStore Essentials solution, formerly CStorePro Technologies, and allows retailers to access funding from tobacco manufacturers that includes consumer benefits in exchange for tobacco scan data from their stores.
“During these challenging times, offering this package for free will be incredibly helpful, allowing small and independent operators to boost their bottom line, both from a product cost and consumer discount perspective, by easily gathering their data and supplying it to tobacco companies,” said Jamie Hudson, senior vice president and general manager, Offers and Insights, PDI. “Also, leveraging the scan data allows PDI, consumer packaged goods companies and the retailers to make better decisions about purchasing and distribution, merchandising, inventory, store branding and overall promotions.”
As part of this package, tobacco brands will continue to provide the stores with rebates based on sales volume and consumer engagement with tobacco products purchased in participating locations. In addition, the free package allows independent retailers to offer consumer discounts with no impact to margins. Insights gleaned from the tobacco scan data can significantly benefit retailers by uncovering consumer purchasing behavior, identifying buying trends and ultimately impacting sales.
PDI’s CStore Essentials product also supports independent and single-site retailers with store operations, promotion management, additional tobacco rebates, and more. C-store operators can sign up for their free scan data account and view additional options available by visiting www.pdicstoreessentials.com/sign-up. After signing up, select the Scan Data Plan and use coupon code SCANDATA.
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Cederick Johnson, PDI
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HAMILTON, Bermuda--(BUSINESS WIRE)--August 17, 2020 – Triton International Limited (NYSE: TRTN) announced today that it has priced an offering of $298,200,000 Fixed Rate Asset-Backed Series 2020-1 Class A Notes at an annual yield of 2.108% and $14,700,000 Fixed Rate Asset-Backed Series 2020-1 Class B Notes at an annual yield of 3.858% (collectively, the “Notes”) .
“We are pleased to have been able to take advantage of the current attractive financing markets to support the recent jump in container lease demand and investment,” commented Brian Sondey, Chief Executive Officer of Triton International Limited. “We have concluded a substantial number of attractive new long-term lease transactions in the third quarter to date, and container pick-ups under these leases have driven our utilization to approximately 96.1% currently from 94.8% at June 30, 2020. Based on the attractiveness of the current ABS market, we intend to refinance several of our existing ABS notes in the near term to lower our interest costs and to further extend our debt maturities while maintaining the portion of our debt with fixed or hedged interest rates in the range of 80%.”
The Notes will be issued by TIF Funding II LLC, a wholly-owned subsidiary of Triton International Limited (the “Issuer”). The Notes will be secured by a pool of containers and related assets owned by the Issuer. The Issuer will be the sole obligor on the Notes; the Notes will not be obligations of or guaranteed by Triton International Limited or any of its other subsidiaries. The net proceeds from the Notes offering will be used for general corporate purposes, including to repay outstanding indebtedness. The transaction is expected to close on or about August 26, 2020.
About the Notes
The Series 2020-1 Class A Notes, which are expected to be rated “A” by Standard & Poor’s, will be issued with a coupon of 2.09% per annum and an annual yield of 2.108%. The Series 2020-1 Class B Notes, which are expected to be rated “BBB” by Standard & Poor’s, will be issued with a coupon of 3.82% per annum and an annual yield of 3.858%. The Series 2020-1 Notes will have an expected final maturity date of February 22, 2028 and a legal final maturity date of August 21, 2045. The transaction documents contain customary affirmative and negative covenants, financial covenants, representations and warranties, and events of default, which are subject to various exceptions and qualifications.
The Notes were offered within the United States only to qualified institutional investors pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to institutional “accredited investors” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act and to persons outside the United States in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.
About Triton International Limited
Triton International Limited is the world’s largest lessor of intermodal freight containers. Triton operates a container fleet of over six million twenty-foot equivalent units ("TEU"), and its global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.
Important Cautionary Information Regarding Forward-Looking Statements
Certain statements in this release, other than purely historical information, including statements about the offering, the scheduled closing of the offering, the intended use of proceeds of the offering, the expected rating of the Notes and future financing plans, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will," "may," "would" and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton's control. Accordingly, there are important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.
These factors include, without limitation, those risk factors included in the offering memorandum for the Notes, changes in the financial markets, including changes in credit markets, interest rates and securitization markets generally, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business and financial results; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; our customers' decisions to buy rather than lease containers; our dependence on a limited number of customers for a substantial portion of our revenues; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international nature of our business; decreases in the demand for international trade; disruption to our operations resulting from the political and economic policies of the United States and other countries, particularly China, including but not limited to the impact of trade wars and tariffs; disruption to our operations from failures of, or attacks on, our information technology systems; disruption to our operations as a result of natural disasters; our compliance or failure to comply with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and corruption; our ability to obtain sufficient capital to support our growth; restrictions imposed by the terms of our debt agreements; changes in tax laws in, Bermuda, the United States and other countries and other risks and uncertainties, including those risk factors set forth in the section entitled "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission ("SEC"), on February 14, 2020, in any Form 10-Q filed or to be filed by Triton, and in other documents we file with the SEC from time to time. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Andrew Greenberg
Senior Vice President
Business Development & Investor Relations
(914) 697-2900
ROCHESTER, N.Y.--(BUSINESS WIRE)--#business--SandBox Union, a web and mobile custom software developer for enterprise solutions, opened the doors of a new office this week. With an ever-expanding client list necessitating tripling their number of employees, the company made a new home for themselves in Rochester, NY.
“We have seen our workload increased dramatically,” stated SBU President, Tiffany Organisciak. “We had to seek out the best full-time and freelance employees in the field. We have engineering talent from Apple and Accenture, while also bringing co-op students from the Rochester Institute of Technology onboard.”
While the field has been historically male-dominated, Organisciak is poised and determined to be an industry disrupter. She is quickly making connections all over the country, resolved to find the best solutions for her clients.
“We started this company last year doing freelance work and found the demand was far greater than imagined—it quickly became a full-time job. We knew it was time to think much bigger,” said Organisciak. “Now, with this new space and the incredible team we’ve built, we’re able to tackle any challenge a client can present us with.”
Organisciak, who has a background in education, taught herself to code while working full-time—following her passion for solving problems and building better designs. The work quickly stood out, and clients were seeking SBU for new software and business solutions.
SBU envisioned a grand opening event, which is now on hold due to the COVID-19 pandemic. “Our priority right now is the health and safety of our employees. We opened the office to allow us to grow, but we’re limiting the number of employees in the space at a time. We’re following the recommended safety protocols and allowing the majority of our staff to work remotely,” said Organisciak.
With a focus on their community, the company’s biggest project during the pandemic has been designing and implementing document collection software, aptly named DocCollect, to provide fast, easy, and secure document transfer and PDF conversion for a large staffing agency in Rochester. DocCollect has allowed prospective employers and employees to exchange all types of files from the safety of their own homes.
“It’s what we do,” Organisciak said. “We fix problems, and we’re ready to meet any needs.”
For business inquiries, contact Tiffany Organisciak, This email address is being protected from spambots. You need JavaScript enabled to view it. or (585) 484-8412.
For business inquiries, contact Tiffany Organisciak, This email address is being protected from spambots. You need JavaScript enabled to view it. or (585) 484-8412
Protecting the Appalachian Trail, Conserving Important Natural Lands, and Helping Local Recreation-based Economies
CANONSBURG, Pa.--(BUSINESS WIRE)--The Appalachian Trail Conservancy (Conservancy), The Conservation Fund (the Fund), and Mountain Valley Pipeline, LLC (Mountain Valley), today announced a conservation stewardship agreement that will advance the Conservancy’s work to manage and protect the Appalachian National Scenic Trail (Trail), help the Fund secure additional conservation lands for public use, and enhance Trail-related community economic development. As part of the agreement, Mountain Valley has committed up to $19.5 million for use by the Conservancy to conserve land along the Trail corridor and support outdoor recreation-based economies in Virginia and West Virginia.
“Ensuring that lands around the Appalachian Trail are conserved and connected is not only essential to protecting the most famous hiking trail in the world but also critical to preserving a wide variety of additional values,” said Laura Belleville, ATC’s Vice President of Conservation and Trail Programs. “Whether it’s conserving high-priority climate-resilient lands or safeguarding iconic vistas from the Trail, this agreement will greatly advance the pace and scale of the Appalachian Trail Conservancy’s mission-critical landscape conservation work. Protection of critical lands in Virginia and West Virginia will also help local recreation-based economies who rely on these lands to sustain a host of outdoor recreation activities.”
Dedicated for use in West Virginia and southwest Virginia, Mountain Valley’s voluntary commitment is the largest funding package in the Conservancy’s history to advance conservation efforts in a single geography. The funds are intended to benefit Trail users and communities in the region; conserve land with significant natural resource values, including climate resiliency; and support the outdoor recreation economies of local communities. The Conservancy, working with the Fund, will use Mountain Valley’s funding to secure a net conservation gain to the Trail, as well as to benefit the public natural resources of the region near the Trail, including the Jefferson National Forest.
“One of MVP’s primary objectives is the preservation and protection of our cultural, historical, and environmental resources and we are very pleased to be working with these two outstanding organizations," said Diana Charletta, president and chief operating officer, EQM Midstream Partners, operator of MVP. "We understand the sensitivities that surround the blending of large-scale infrastructure projects with environmental protection and we recognize the importance of continuing to develop major energy projects in a responsible manner.”
Charletta continued: “The Conservancy’s mission to protect, manage, and advocate for the Appalachian National Scenic Trail aligns with MVP’s desire to identify sustainable solutions that address MVP’s potential impacts and enhance conservation efforts in the region for the future. The Appalachian Trail is a national treasure and, by working together, we will provide beneficial outcomes for the region, the environment, and our communities. This agreement demonstrates that the country can continue to meet its energy needs while also providing a net benefit to the Appalachian Trail.”
More than a year ago, Mountain Valley initiated outreach to the Conservancy and the Fund, and numerous other conservation stakeholders, seeking assistance to identify and develop sustainability efforts that would complement MVP’s infrastructure project. The Conservancy raised concerns about potential impacts from the project and accepted Mountain Valley’s invitation to identify solutions. The outcome of these discussions empowers the Conservancy to acquire high-priority lands near the Trail in Virginia and West Virginia. These tracts will enhance the Trail hiker experience and protect views from numerous vantage points. Other protected tracts will create buffers for designated Wilderness Areas and safeguard climate resilient habitats.
“We are pleased to support the Appalachian Trail Conservancy’s efforts to protect key lands along the Trail to enhance outdoor access and support the recreation-based economies of nearby communities,” said Heather Richards, Virginia state director for The Conservation Fund. “We thank Mountain Valley Pipeline for its voluntary stewardship, which will advance important conservation efforts in Virginia and West Virginia.”
In addition, the agreement adds significant Trail-related benefits to the array of environmental commitments Mountain Valley will implement under federal and state permits. There is no relationship between this voluntary agreement and the various federal or state permitting decisions, and Mountain Valley will continue working directly with the agencies to fully address their concerns related to the places, resources, and public values for which they are responsible. Similarly, the Conservancy will continue to engage in the federal permitting process, as it has previously done.
Recognizing the societal controversy regarding natural gas infrastructure projects, Mountain Valley is demonstrating its willingness to acknowledge its potential impacts, as well as its responsibility to be a good corporate citizen. The agreement among Mountain Valley, the Conservancy, and the Fund will result in thousands of acres protected in perpetuity, an enhanced Trail experience, and support for communities in Virginia and West Virginia.
About Appalachian Trail Conservancy
The ATC was founded in 1925 by volunteers and federal officials working to build a continuous footpath along the Appalachian Mountains. A unit of the National Park System, the A.T. ranges from Maine to Georgia and is 2,193 miles in length. It is the longest hiking-only footpath in the world. The mission of the ATC is to protect, manage, and advocate for the Appalachian National Scenic Trail. For more information, please visit www.appalachiantrail.org.
Contact: Jordan Bowman || The Appalachian Trail Conservancy || This email address is being protected from spambots. You need JavaScript enabled to view it.
About The Conservation Fund
At The Conservation Fund, we make conservation work for America. By creating solutions that make environmental and economic sense, we are redefining conservation to demonstrate its essential role in our future prosperity. Top-ranked for efficiency and effectiveness, we have worked in all 50 states since 1985 to protect more than eight million acres of land. Visit www.conservationfund.org.
Contact: Ann Simonelli || The Conservation Fund || This email address is being protected from spambots. You need JavaScript enabled to view it.
About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is a proposed underground, interstate natural gas pipeline system that spans approximately 303 miles from northwestern West Virginia to southern Virginia. Subject to approval and regulatory oversight by the Federal Energy Regulatory Commission, the MVP will be constructed and owned by Mountain Valley Pipeline, LLC – a joint venture of EQM Midstream Partners, LP; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Midstream, Inc.; and RGC Midstream, LLC. The MVP was designed to transport clean-burning natural gas from the prolific Marcellus and Utica shale regions to the growing demand markets in the Mid-Atlantic and Southeast areas of the United States. EQM Midstream Partners, primary interest owner, will operate the pipeline. From planning and development, to construction and in-service operation – MVP is dedicated to the safety of its communities, employees, and contractors; and to the preservation and protection of the environment. Visit www.mountainvalleypipeline.info
Contact: Natalie Cox || Mountain Valley Pipeline || This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: Equitrans Midstream Corporation
Natalie Cox || Mountain Valley Pipeline || This email address is being protected from spambots. You need JavaScript enabled to view it.
Aggreko demonstrates commitment to exceptional customer experience with continuous improvement processes
HOUSTON--(BUSINESS WIRE)--Aggreko plc today announced its Technical Services and Engineering (TS&E) team in North America is now ISO 9001:2015 certified for their Project Management and Engineering services related to rental project execution. The certification reflects Aggreko’s commitment that its Quality Management System (QMS) for project management and service meets the same high-quality standards rental equipment customers adhere to in their own operations.
ISO 9001:2015 is an internationally recognized certification indicating a company’s dedication to customer satisfaction and efficient practices. It demonstrates that an organization has met an exceptional standard for its QMS and that they have consistently provided services that have met all statutory and regulatory requirements.
The certification ensures Aggreko meets the safety, statutory and regulatory requirements of customers, regardless of their location or the type of engineered rental solution being deployed − from power, cooling and heating, to dehumidification or oil-free air. Though every engineered rental solution job is unique, customers will see a consistent approach to Aggreko’s engineering and project management, all driven by efficiency and effectiveness in design and delivery of complex projects.
“We undertook this rigorous 15-month certification process because we wanted the Aggreko customer experience to consistently be an exceptional one,” said Mike Steffney, Process Design Specialist of Aggreko, who led the ISO certification project. “Typically, in the rental industry customers receive whatever level of service is delivered by the project manager assigned to each job, which means clients have a broad range of experiences. We wanted clients to know the Aggreko experience is reliably consistent, well documented and constantly improving – at the same stringent high standards of the customers’ operations. The ISO 9001:2015 certification communicates that differentiator without explanation.”
To earn ISO 9001:2015 compliance, Aggreko performed a rigorous and comprehensive QMS audit, devised and implemented processes, protocols and procedures for customer needs assessment, site surveys, documentation of site-specific issues, job safety assessments, job communication and project management from installation through de-commissioning. Detailed documentation tracks each aspect of the job, as well as establishes a baseline for evaluation and process and project management improvements that can be applied to future jobs.
“Additionally, collective data allows support services such as HSE and sales, as well as senior management, to gain insights about what engineers, technicians and customers need before, during and after each job so that the whole organization is focused on creating an exceptional customer experience,” added Daryl Pool, Aggreko North America Technical Services Leader.
To learn more about Aggreko’s services, visit Aggreko.com.
Around the world, people, businesses and countries are striving for a better future - a future that needs power and the right conditions to succeed.
Aggreko works round the clock, making sure everyone gets the electricity, heating and cooling they need, whenever they need it – all powered by our class-leading equipment, trademark passion, unrivalled international experience and local knowledge. From urban development to unique commercial projects and even humanitarian emergencies, we bring our expertise and equipment to any location, from the world’s busiest cities to some of the most remote places on earth.
That’s what has made us the world’s leading provider of modular, mobile power and heating and cooling. We’ve been in business since 1962. We have more than 7,300 employees, operating from around 200 locations in 100 countries. With revenues of approximately GBP 1.7bn (USD 2.2bn or Euros 2bn) in 2017, we are listed on the London Stock Exchange (AGK.L) and have our headquarters in Scotland.
Our business helps transform the lives and livelihoods of individuals, organisations and communities across the globe, in both developed and developing countries and markets.
We operate across all sectors, including oil and gas, petrochemical and refining, utilities, manufacturing, construction, mining and events.
We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland and work with leading innovators to ensure our equipment offers maximum fuel flexibility, by using gas, diesel (including HFO) and renewable fuel sources.
For more information, please visit our local website at: aggreko.com
Ward for Aggreko
Ania Czarnecka or Laura Aebi
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PG&E Encourages Customers to Conserve Electricity as California ISO Declares Flex Alert on Monday
Conserve Power Between 3 p.m. and 10 p.m.
SAN FRANCISCO--(BUSINESS WIRE)--Based on current energy supply forecasts, rotating power outages are likely to occur Monday. Pacific Gas and Electric Company (PG&E) urges customers to conserve electricity in response to the California Independent System Operator’s (ISO) statewide Flex Alert called for Monday from 3 p.m. to 10 p.m. CAISO is the organization that manages the state's power grid.
The CAISO on Friday (Aug, 14) announced a series of Flex Alerts amid forecasts of extended, above-normal temperatures across California. Extreme heat is forecasted to last at least through the middle of this week. Prolonged heat through Thursday is expected to drive electricity demand higher, as nighttime temperatures are also forecast to be above average.
Outages are estimated to last one to two hours. PG&E’s Emergency Operations Center is activated and working closely with the CAISO to support this event.
Reason for Rotating Outages
Rotating outages (Stage 3 Emergencies) become necessary when the CAISO is unable to meet minimum contingency reserve requirements and load interruption is imminent or in progress. These emergencies are declared by the CAISO. During these emergencies, the CAISO will typically order the state's utilities, including PG&E, to reduce electric load by turning off service immediately to prevent larger outages on the grid. Due to the emergency nature of these outages, utilities will not be able to give advance warning to customers.
These outages are not Public Safety Power Shutoffs, which are called during specific high fire-threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.
Energy Conservation Needed Now
PG&E strongly urges customers to reduce electricity use during the Flex Alert on Monday, especially during the afternoon and evening, when air conditioners are typically at peak use. Customers should also follow these conservation tips:
PG&E Tips to Stay Safe and Cool
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it will issue its financial results press release for the second quarter ended June 30, 2020 on Wednesday, August 19, 2020 after the close of the stock market. Management will host a conference call that day at 4:30 pm Eastern Time to discuss the results.
Interested parties may participate in the call by dialing:
The conference call also will be accessible via the following link: https://78449.themediaframe.com/dataconf/productusers/gvp/mediaframe/40287/indexl.html
ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that enable customers to achieve the performance they envision. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is a proven solution provider, with more than four decades of industry experience and more than 1,100 installations serving hundreds of customers in over 50 countries spanning the globe. www.gses.com
Company Contact
GSE Solutions
Kyle Loudermilk, Chief Executive Officer
(410) 970-7800
Investor Contact
The Equity Group
Kalle Ahl, CFA
(212) 836-9614
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SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ:AXAS) today announced that its Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC (“Petrie”).
“Petrie has been a great partner for Abraxas in the past,” said Bob Watson, Abraxas CEO. “Now that we have successfully amended our agreements with Angelo Gordon and our banks, we look forward to working with Petrie to examine ways to optimize value. Our strong, concentrated asset bases in the Delaware and Williston Basins, as well as our excellent hedge book, position Abraxas for success on a standalone basis and also make us an attractive transaction partner.” Petrie’s Jon Hughes and Richard Moss will lead the engagement.
Abraxas Petroleum Corporation is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountains and Permian Basin.
Safe Harbor for forward-looking statements: Statements in this release looking forward in time involve known and unknown risks and uncertainties, which may cause Abraxas’ actual results in future periods to be materially different from any future performance suggested in this release. Such factors may include, but may not be necessarily limited to, changes in the prices received by Abraxas for crude oil and natural gas. In addition, Abraxas’ future crude oil and natural gas production is highly dependent upon Abraxas’ level of success in acquiring or finding additional reserves. Further, Abraxas operates in an industry sector where the value of securities is highly volatile and may be influenced by economic and other factors beyond Abraxas’ control. In the context of forward-looking information provided for in this release, reference is made to the discussion of risk factors detailed in Abraxas’ filings with the Securities and Exchange Commission during the past 12 months.
Steve Harris/Vice President – Chief Financial Officer
Telephone 210.490.4788
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www.abraxaspetroleum.com
New Energy Saver Tool and website provides central location for energy-saving programs
COLUMBIA, S.C.--(BUSINESS WIRE)--The South Carolina Energy Office, housed within the Office of Regulatory Staff, has launched a new online Energy Saver Tool and website to help consumers easily find energy-saving programs. The tool and website were built in partnership with NIC South Carolina, the state’s digital government services provider.
Finding energy-saving programs can involve visiting multiple websites and be frustrating for consumers. Now consolidated in one central, online location, these programs can be accessed through the Energy Saver Tool on EnergySaver.SC.GOV. The tool offers an easy way for the public to answer a few simple questions and find energy-saving programs available to them. Users can also search by category or by program name to find specific program information. Programs and results are printable and can be shared by exporting to a PDF or Excel file.
The Energy Office will keep the inventory of energy-saving programs up-to-date and can pull comprehensive program reports through a back-end administrative tool.
“After discussions with stakeholders during our development of the State Energy Plan, we recognized the need for an organization to provide this resource and took on the challenge,” said Anthony James, Director of the Energy Office. “EnergySaver.SC.GOV will make it easier for consumers to see what’s out there, and we’re happy to provide the access to this valuable information.”
In addition, the Energy Saver website includes energy-saving tips for homes and businesses in a user-friendly and easy-to-follow format.
The Energy Saver Tool and website were built through a partnership between the Energy Office and NIC South Carolina who provides SC.gov for the state of South Carolina.
ABOUT SC.gov
SC.gov is the official website of South Carolina government (http://www.SC.gov) and a collaborative effort between the State and NIC South Carolina, previously South Carolina Interactive, LLC, to enable citizens to conduct state business online and improve public access to government information. The South Carolina Department of Administration’s Division of Technology Operations provides guidance to NIC South Carolina which is responsible for operating, maintaining, and marketing SC.gov. NIC South Carolina is part of digital government firm NIC’s (NASDAQ: EGOV) family of companies.
ABOUT NIC
NIC Inc. (Nasdaq: EGOV) launched the digital government industry in 1992, and continues to lead it, providing a secure payment engine and thousands of digital government solutions across a network of more than 6,000 federal, state, and local government agencies. In addition, NIC is a leading provider of outdoor recreation solutions, with 1 out of 6 hunting and fishing licenses in the United States sold using an NIC service. The company created the nation's first personal assistant for government and comprehensive mobile platform, Gov2Go®, as well as the innovative, data-driven prescription drug monitoring platform, RxGov®. More information is available at www.egov.com.
ABOUT THE ENERGY OFFICE
The Energy Office, housed within the South Carolina Office of Regulatory Staff, serves as the principal energy planning entity for the state. The mission of the Energy Office is to advance South Carolina’s energy strategy and policy through education and outreach. The Energy Office promotes the efficient use of all energy sources. In addition, the Energy Office encourages energy efficiency, renewable energy, and clean transportation through a broad range of initiatives that include developing the State Energy Plan, providing technical assistance, offering financial assistance, conducting education and outreach, and maintaining an energy data resource. More information is available on ENERGY.SC.GOV.
Corinne Holland
General Manager
NIC South Carolina, SC.gov
(803) 771-0131
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Ron Aiken
Media Relations and Special Projects Manager
South Carolina Office of Regulatory Staff
(803) 200-8809
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TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE:OC) is celebrating the 40th anniversary of its relationship with The Pink Panther™. Through the years, the iconic MGM character and company “spokescat” has grown to become one of the world’s most recognizable and beloved brand mascots.
Owens Corning began partnering with The Pink Panther to promote sales of PINK® Fiberglas™ insulation on August 15, 1980. Since that time, the suave cartoon character has starred in countless television, print, and digital media promotions for the company and its businesses. The Pink Panther also adorns the vehicles of hundreds of select contractors, distributors and builders working with the company’s Roofing and Insulation businesses.
“The relationship between Owens Corning and The Pink Panther is nothing short of remarkable,” said Suzanne Harnett, Owens Corning’s Vice President of Corporate Affairs. “For 40 years, The Pink Panther has been a smart and stylish ambassador for our company speaking persuasively to our brand promise despite never uttering a word.”
Robert Marick, MGM’s Executive Vice President Global Consumer Products and Experiences, said, “Marking 40 years of The Pink Panther as spokesperson for Owens Corning is a true moment to celebrate. It’s rare that you see a promotional relationship like this continue for decades. It speaks to both the timelessness and universal appeal of The Pink Panther, as well as Owens Corning’s ability to make him an integral part of their marketing and platforms.”
The company’s enduring relationship with The Pink Panther began the same year that saw the introduction of CNN, Pac-Man, and Post-it® Notes, and it has since coincided with the terms of seven U.S. presidents.
The concept for pairing The Pink Panther with Owens Corning was first suggested by Roger Butler, an executive at the New York-based advertising agency Ogilvy & Mather. The association was natural given the color of the company’s insulation, which has brandished its distinctive pink hue for more than 60 years. The color was added in 1956 when the company was testing a new form of the product. It distinguished the new all-fiber product from the standard insulation for installers who liked the new option and began asking for “the pink insulation.” After demonstrating decades of widespread use of the color PINK®, Owens Corning became the first company to receive a trademark for a color, on May 12, 1987.
The Pink Panther was developed by animation cartoonists Friz Freleng and David Depatie as the opening title sequence for the 1964 film, “A Shot in the Dark,” starring Peter Sellers. The film was a box-office hit, but no less compelling was the sly, breezy Pink Panther himself. As a result, his movie career was expanded into animated cartoons, books, merchandise and ultimately, a starring turn as brand mascot for Owens Corning.
About Owens Corning
Owens Corning is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 19,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company’s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion. Founded in 1938, it has been a Fortune 500® company for 66 consecutive years. For more information, please visit www.owenscorning.com.
About Metro Goldwyn Mayer
Metro Goldwyn Mayer (MGM) is a leading entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content as well as the premium pay television network EPIX, which is available throughout the U.S. via cable, satellite, telco and digital distributors. In addition, MGM has investments in numerous other television channels, digital platforms, and interactive ventures and is producing premium short-form content for distribution. For more information, visit www.mgm.com.
About The Pink Panther
Created in 1963, The Pink Panther is an animated character who appeared in the opening and/or closing credit sequences of almost every film in “The Pink Panther” series. The character's popularity resulted in more than 125 theatrical shorts and various television series, specials and cartoons. The character is closely associated with "The Pink Panther Theme," composed by Henry Mancini. More than 50 years later, The Pink Panther continues to be discovered by new generations and remains one of MGM’s most well-known franchises due to its captivating charm that appeals to all ages. The Pink Panther has left his mark on pop culture through collaborations with a number of top fashion brands. The combination of The Pink Panther and Owens Corning has resonated with consumers since the partnership’s inception, but last year things were taken to a new level when style icon Virgil Abloh used PINK® Fiberglas™ insulation to create his Pink Panther: Scales of Justice exhibit, which made its debut at the Museum of Contemporary Art in Chicago.
THE PINK PANTHER™ & © 1964-2020. Metro-Goldwyn-Mayer Studios Inc. All Rights Reserved.
Owens Corning Company News
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Todd M. Romain (419.248.7826)
HOUSTON--(BUSINESS WIRE)--Allied Power Group (“APG”) is pleased to announce it has acquired Combustion Parts Inc. (“CPI”), a leading provider of combustion components for heavy-frame industrial gas turbines. Lori Jenks, one of the founders of CPI, has joined the APG team.
“I am excited to marry CPI’s deep combustion parts experience with APG’s global service offering. Through this partnership, we will continue to provide quality and reliable components to an expanded customer base,” expressed Ms. Jenks.
In announcing the acquisition, APG’s President, Jim Masso, noted, “CPI produces the highest quality E- and F-class combustion hardware in the industry. We are thrilled to welcome CPI as part of the APG family of company's, enabling us to provide more comprehensive products and services to our customers.”
About APG
APG is a growing independent provider of critical components and services to its customers in the power generation, refining, pipeline, and general industrial sectors. Allied’s fully integrated suite of Industrial Gas Turbine products and services include engineered inspections and repairs, specialized coatings, precision manufacturing of replacement components, experienced field service professionals, multi-faceted rotor repair, and an expansive inventory of refurbished parts. The Allied team is comprised of seasoned industry veterans with expertise in engineering and access to the latest technology which allow it to provide its customers with innovative and flexible solutions.
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Jeremy Clifton, Vice President Sales & Marketing, Allied Power Group
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Jason Brown, Senior Vice President Business Development, Allied Power Group
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