WENZHOU, China--(BUSINESS WIRE)--#BeltandRoadInitiative--2020 World Young Scientist Summit (http://www.wyss.org.cn) will be held in Wenzhou City of Zhejiang Province in Eastern China with the aim of gathering talents from around the world to create a better future. Leading Chinese and international scientists will communicate opinions both offline and online on innovation-related topics.

With the theme of “The future of technology depends on the youth,” this year’s Summit has a vision to fuel the development of the community of shared future for mankind. A series of “cross-border integration" special activities will be held that focus on UN Sustainable Development Goals for 2030, the Belt and Road Initiative, the integrated development of the Yangtze River Delta, the fight against the pandemic, and youth and the future.

Moreover, the Summit will gather young talents from various industries, venture capital firms, and art circles to communicate ideas on science and technology topics. Top scientists setting the trends, young scientists getting thoroughly involved, private entrepreneurs seeking partners, and outstanding artists displaying their creativity to jointly cope with global challenges and build a more extensive platform for exchange and higher-level technology innovations.

As the Russian physiologist and Nobel laureate Ivan Petrovich Pavlov said, "The future of science has to depend on the diligent and humble young generation." The Summit expects to encourage exchanges on science and technology, promote innovation cooperation among the youth, power the economic and social development with technological innovations, and create a better future for mankind.

The Summit provides a platform for science giants to put on "roadshows" for high-end projects, for business representatives to recruit talents, and for young science and technology talents to pursue their aspirations.

Last year, 10 innovation platforms, 78 technology projects, the recruitment of 64 high-end talents and teams, and the signing of 17 strategic cooperation agreements were nailed down at the 2019 World Young Scientist Summit. Finally, the World Young Scientists Startup Park, the Summit Startup Incubation Accelerator, and a RMB 2 billion Science and Technology Innovation Fund were established at the Summit, with 12 potential projects to join the Startup Park.

Xinhuanet Europe
Wei Wang
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Upton, WY business center revitalization to benefit from contributions from Lunavi to Wyoming renewable energy credit program

CHEYENNE, Wyo.--(BUSINESS WIRE)--#PREcorp--Sundance-based Powder River Energy Corporation (PRECorp) and Cheyenne-based Lunavi (formerly Green House Data), a leading provider of managed IT, cloud, and modern application development services, today announce support of an economic development effort in Upton, WY, utilizing renewable energy credits from previous WyREC (Wyoming Renewable Energy Credit Program) purchases.

The PRECorp Board has selected Upton’s Small Business Revitalization project to receive the funds from Lunavi’s purchase of WyREC’s. This project will include assessment for a Small Business Resource Center and a Small Business Center-Business Park. The project site is located on eighty acres, owned by the Upton Economic Development Board, in Upton.

Lunavi has participated in renewable energy credit (REC) programs since the company’s founding in 2007 and has taken advantage of WyRECs since 2014, when this initiative was launched.

Over the years, Lunavi has used renewable energy credits from the WyRECs program to offset energy consumption across each of its data centers, including at the company’s Cheyenne headquarters. Lunavi has been an EPA Green Power Partner featured on the agency's National Top 100 and Top 30 Tech & Telecom lists since 2015. Most recently, it was ranked number 28 on the Green Power Partnership Top 30 Tech & Telecom, with 20M KWh in annual green power (GP) usage and 105% GP Total Electricity Use in 2019.

“Lunavi is a fantastic partner for this program, given their commitment to 100 percent sustainable power, their long-term dedication to support and invest in Wyoming and to be a leading green data center provider nationwide,” said Laura Ladd, PRECorp consultant and program designer. “We are thrilled to see this partnership grow so significantly.”

“We are pleased to be able to work with a Wyoming-based partner who offers renewable wind energy credits that are compliant with EPA’s Green Power program, particularly with our data center in Cheyenne,” said Shawn Mills, CEO of Lunavi. “As a national digital transformation and cloud hosting and colocation provider, sustainability is very important to us.”

The WyRECs program is an innovative means for PRECorp, an electric cooperative in northeastern Wyoming, to meet its Vision 2030 strategic theme of “Member Engagement and Community Development” by facilitating business creation and development to benefit communities. The program offers renewable energy credits to companies interested in leveraging sustainable energy to power their growing, or relocating, Wyoming operations and reduce their environmental impact. The program is made possible because of PRECorp’s membership in Basin Electric cooperative, which has significant wind energy projects throughout its service territory.

Proceeds from the WyREC transactions are available to reinvest in economic development projects specifically located in the PRECorp service area and may be leveraged by businesses seeking grant and loan programs from the WBC.

“The WyRECs are a way to strengthen the renewable energy economy, as more businesses can make the case for contributing in a meaningful way,” said PRECorp CEO Mike Easley. “For example, a business seeking an economic development grant can apply to PRECorp to provide assistance with the required cost-share component of a grant application to the Wyoming Business Council (WBC). Lunavi and PRECorp are thrilled to reinvest in Wyoming businesses and communities through this innovative program.”

For more information about the program or how to offset your energy consumption in Wyoming, contact Laura Ladd, WyREC program manager, at (307) 413-3334 or This email address is being protected from spambots. You need JavaScript enabled to view it..

About Lunavi

Lunavi, formerly Green House Data, helps companies to digitally transform their businesses and illuminate the path forward in IT modernization through the power of human ingenuity. Lunavi helps organizations in technology, energy, financial services, healthcare, education, and others to develop business applications, solve traditional IT challenges, and extract ROI with comprehensive services in cloud migration, modern application development, and managed services. With nine locations throughout North America in Denver; Cheyenne, WY; Omaha, NE; Atlanta; Seattle, and Toronto, and its status as a Microsoft Gold Partner, Lunavi delivers a remarkable customer experience to help navigate what’s possible, what’s next. Visit www.Lunavi.com, on LinkedIn, Facebook, and Twitter.

About PRECorp

Powder River Energy Corporation is a member-owned, nonprofit electric cooperative headquartered in Sundance, WY., serving approximately ­­­27,000 active electric meters at residences, ranches, coal mines, oil and gas wells, businesses, and industry in the five counties of northeastern Wyoming. For more information go to www.precorp.coop.

All brands are the trademarks of their respective owners.

Hilary McCarthy
Clearpoint Agency
Office: 508-829-2543
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Tim Velder, Marketing and Comm. Specialist
Powder River Energy Corporation
Office: 1-800-442-3630 ext. 4935
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Increased Production and Resumed Drilling Activity

Prioritizing Short-Cycle Low-Cost Development and Exploration Projects

Start-up Drilling On CPO-5 Block

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended September 30, 2020 (“3Q2020”).

All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.

Highlights

Increasing Production and Re-engaging Work Program

• Consolidated oil and gas production of 38,845 boepd in 3Q2020, up 5% compared to 2Q2020
• Reopening temporary shut-ins and resuming drilling campaign with three new wells put on production in the Llanos 34 block (GeoPark operated, 45% WI)
• Producing approximately 40,000 boepd by the end of 3Q2020
• Full-year 2020 work program of $65-75 million ($25-35 million during 2H2020) targeting 40,000-42,000 boepd annual average production and operating netbacks of $230-260 million assuming Brent of $35-40 per bbl¹
• Fully funded and flexible work programs, quickly adaptable to any oil price scenario

Capital Strength and Risk Management Levers

• Combination of cost and investment reductions exceed $290 million across regional platform
• $163 million of cash and cash equivalents as of September 30, 2020²
• $75 million oil prepayment facility, with $50 million committed and no amounts drawn
• $140.3 million in uncommitted credit lines³
• Long-term financial debt maturity profile with no principal payments until September 2024
• Continuously adding new hedges for the next 15 months

Health and Safety Actions and Results

• Protocols, preventive measures and crisis response plans in place across six-country regional platform
• Field teams sharply reduced to a minimum with back-up teams and contingencies in place to keep people working safely and production flowing
• First company in the E&P sector to obtain Bureau Veritas certification on biosecurity protocols to mitigate and manage the impact of Covid-19 in GeoPark Colombia operations
• GeoPark closely engaged with local communities implementing an extraordinary range of measures to fight Covid-19 with efforts coordinated at local, regional and federal levels to support and compensate for limited local resources

Improving Overall Business

• Streamlining business across portfolio to improve overall cost structure and take advantage of available synergies and new innovative technologies
• Top to bottom review in all departments and capabilities – with reorganization of asset management team and offices across region
• Released GeoPark's Environmental, Social and Governance ("ESG") report for 2019 prepared under the Global Reporting Initiative (GRI), available on the Company's website

Catalysts 4Q2020

• CPO-5 block (GeoPark non-operated, 30% WI): Currently drilling the Indico 2 appraisal well to be followed by the Aguila 1 exploration well
• Llanos 94 block (GeoPark non-operated, 50% WI): Re-entry into the Grulla 1 well
• 2021 Capital Allocation: GeoPark capital allocation process currently underway and 2021 work program and investment guidelines to be released in November with 3Q2020 results

Breakdown of Quarterly Production by Country

The following table shows production figures for 3Q2020, as compared to 3Q2019:

1. Includes royalties paid in kind in Colombia for approximately 1,284 bopd in 3Q2020. No royalties were paid in kind in Brazil, Chile or Argentina.

Quarterly Production Evolution

Oil and Gas Production Update

Consolidated:

Overall oil and gas production decreased by 2% to 38,845 boepd in 3Q2020 from 39,619 boepd in 3Q2019, due to reopened shut-in production and limited drilling and maintenance activities during the quarter, partially offset by the addition of production from the recent Amerisur Resources Plc (“Amerisur”) acquisition in Colombia. Oil represented 85% of total reported production in 3Q2020 and 3Q2019.

Colombia:

Average net oil and gas production in Colombia remained steady at 31,297 boepd in 3Q2020 compared to 31,578 boepd in 3Q2019, reflecting the gradual reopening of temporary shut-ins, and limited drilling and maintenance activities, partially offset by the recent acquisition of Amerisur.

The Llanos 34 block averaged net production of 27,026 bopd (or 60,058 bopd gross) in 3Q2020, 86% of GeoPark’s net production in Colombia.

Development drilling in the Llanos 34 block:

• Three new development wells were drilled and put on production in the Llanos 34 block during 3Q2020.

Appraisal and exploration drilling in the CPO-5 block:

• In late September 2020, the operator spudded the Indico 2 appraisal well targeting the Une-LS3 formation. The Indico 2 well is located approximately 0.8 km northwest of the Indico 1 well.
• The Indico oil field was discovered in December 2018 and, to date, continues showing strong reservoir performance from one single well, Indico 1, that in September 2020 achieved an average production of 5,169 bopd of light oil, with a cumulative production of over 2.9 million barrels of oil.
• Civil works and other preliminary activities were carried out by the operator during 3Q2020 related to the Aguila exploration prospect, where drilling is expected to start in 4Q2020. The Aguila exploration prospect is located approximately 4.9 km southeast of the Indico 1 well.

Chile:

Average net production in Chile increased by 8% to 3,610 boepd, representing the highest quarterly average since 3Q2016. Higher production in 3Q2020 resulted from the successful development and strong reservoir performance of the Jauke gas field and the discovery of the Jauke Oeste gas field in the Fell block (GeoPark operated, 100% WI) in early 2020. The production mix during 3Q2020 was 90% gas and 10% light oil (compared to 79% gas and 21% light oil in 3Q2019).

Brazil:

Average net production in Brazil decreased by 31% to 1,581 boepd in 3Q2020 compared to 2,299 boepd in 3Q2019. However, compared to 2Q2020, Brazilian production increased by 133% due to higher demand in the Manati gas field (GeoPark non-operated, 10% WI). The production mix during 3Q2020 was 99% natural gas and 1% condensate (compared to 98% natural gas and 2% condensate in 3Q2019).

Argentina:

Average net production in Argentina remained flat and averaged 2,357 boepd in 3Q2020 (59% oil, 41% gas) compared to 2,384 boepd in 3Q2019 (66% oil, 34% gas), but increased by 14% compared to 2Q2020. During 3Q2020, the Company reopened temporary shut-ins affecting oil production in the El Porvenir block (GeoPark operated, 100% WI) and maintained stable production levels in the Aguada Baguales and Puesto Touquet blocks (GeoPark operated, 100% WI).

OTHER NEWS / RECENT EVENTS

COMMODITY RISK OIL MANAGEMENT CONTRACTS

GeoPark recently added new oil hedges further increasing its price risk protection over the next 15 months, now reaching 25,500 bopd in 4Q2020, 15,500 bopd in 1Q2021, 13,000 bopd in 2Q2021, and 4,500 bopd in 2H2021. Hedges include a portion providing protection to the Vasconia local marker in Colombia.

The Company has the following commodity risk management contracts in place as of the date of this release:

REPORTING DATES FOR 3Q2020 RESULTS AND WORK PROGRAM AND INVESTMENT GUIDELINES FOR 2021

GeoPark will report its 3Q2020 financial results on November 4, 2020, after the market close. In conjunction with the 3Q2020 results press release, GeoPark management will host a conference call on November 5, 2020 at 10:00 am (Eastern Standard Time) to discuss 3Q2020 financial results and the work program and investment guidelines for 2021.

To listen to the call, participants can access the webcast located in the Investor Support section of the Company’s website at www.geo-park.com, or by clicking below:

https://event.on24.com/wcc/r/2770543/D46DCDE802A42ABE385B37543F22E6FC

Interested parties may participate in the conference call by dialing the numbers provided below:

United States Participants: 866-547-1509
International Participants: +1 920-663-6208
Passcode: 2754509

Please allow extra time prior to the call to visit the website and download any streaming media software that might be required to listen to the webcast. An archive of the webcast replay will be made available in the Investor Support section of the Company’s website at www.geo-park.com after the conclusion of the live call.

GLOSSARY

NOTICE

Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.

Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains statements that constitute forward-looking statements. Many of the forward- looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the Covid-19 pandemic, expected production growth, expected schedule, economic recovery, payback timing, IRR, drilling activities, demand for oil and gas, capital expenditures plan, regulatory approvals, reserves and exploration resources. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses, except when specified.

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.

Readers are cautioned that the exploration resources disclosed in this press release are not necessarily indicative of long-term performance or of ultimate recovery. Unrisked prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resource volumes are presented as unrisked.

¹ Brent price assumption from July to December 2020, assuming a Brent to Vasconia differential averaging $5 per bbl.

² Unaudited.

³ As of June 30, 2020 (unaudited).

INVESTORS:
Stacy Steimel – Shareholder Value Director
Santiago, Chile
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T: +562 2242 9600

Miguel Bello – Market Access Director
Santiago, Chile
T: +562 2242 9600
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MEDIA:
Communications Department
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DUBLIN--(BUSINESS WIRE)--The "Global Mist Eliminator Market by Type (Wire-mesh, Vane, Fiber-bed), End-use Industry (Oil & Gas, Chemical, Desalination, Power Generation, Pharmaceutical & Medical, Paper & Pulp, Textile, Food & Beverage), Material, Application, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global mist eliminators market is projected to grow from USD 953 million in 2020 to USD 1,159 million by 2025, at a compound annual growth rate (CAGR) of 4% between 2020 and 2025.

Factors, such as stringent regulations pertaining to emission norms, rising adoption in developing countries, growth of the manufacturing sector, increasing production capacity in the chemical industry, and increasing penetration of mist eliminators in coal-fired power plants in developing countries, are supporting the growth of the mist eliminators market. The US, Germany, France, India, and China are the major markets. Due to the COVID-19 pandemic, the demand for mist eliminators has been declining due to a slump in the refinery output and postponement of the expansion projects across the globe.

Wire-mesh mist eliminators is projected to witness the significant CAGR during the forecast period

In terms of volume, the wire-mesh segment dominates the global mist eliminators market. Compared to the other types, wire-mesh mist eliminators offer cost advantage, high strength, low-pressure drop, and a moderate level of efficiency owing to which they are widely used in the oil & gas, chemical, and other industries. As application requirement changes to high-efficiency mist collection, the end-user has to shift toward vane type and fiber-bed mist eliminators.

Distillation tower segment projected to lead the mist eliminators market from 2020 to 2025

The distillation tower segment is estimated to grow at a significant CAGR during the forecast period. The growth can be attributed to the increasing demand from the petrochemical and oil & gas industries for new distillation tower installations and for retrofitting existing facilities to boost production and ensure regulatory compliance.

The oil & gas segment projected to lead the mist eliminators market from 2020 to 2025

The oil & gas segment is the largest and steady-growing end-use industry. This is mainly attributed to the stringent government regulations, strong emphasis on pure cut formation during refining, improved efficiency of the operation, and reduced load on regenerators, among others, which support the growth of the market. However, the declining oil prices, widening of the supply-demand gap, and COVID-19 pandemic effect had a severe impact on the mist eliminators market.

APAC projected to account for the maximum share of the global mist eliminators market during the forecast period

APAC is projected to lead the global mist eliminators market from 2020 to 2025. The market in the region is expected to witness a growing demand from the oil & gas and power generation industries due to increasing regulations and energy demand in the region. The growth of the APAC chemical sector is also creating opportunities for the mist eliminators market. The growing desalination industry is also driving the mist eliminators market in the region. In the power industry, due to stringent government regulations, mist eliminators are widely used for the reduction of SOx emission through flue gas desulfurization.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

4.1 Introduction

4.2 Forecast Impact Factors

4.2.1 COVID-19 Impact Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.2 Restraints

4.3.3 Challenges

4.3.4 Opportunity

4.4 Porter's Five Forces

4.5 Ecosystem Market Map

4.6 Supply Chain and Value Chain Analysis

4.6.1 Disruption due to COVID-19

4.7 Regulatory Landscape

4.8 Technology Mapping

4.9 Patent Analysis

4.10 Average Price Analysis

4.11 YC, YCC Shift

4.12 Macroeconomic Indicators

4.13 Key Exporting and Importing Countries

4.14 Adjacent Markets

4.15 Case Study

5 Mist Eliminators Market, by Type - Forecast Till 2025 (Volume and Value)

5.1 Wire Mesh

5.2 Vane

5.3 Fiber Bed

5.3.1 C-Glass Staple Fiber

5.3.2 Others

5.4 Others

6 Mist Eliminators Market, by Material - Forecast Till 2025 (Volume and Value)

6.1 Metal

6.2 Polypropylene

6.3 FRP

6.4 Others

7 Mist Eliminators Market, by Application - Forecast Till 2025 (Volume and Value)

7.1 Distillation Tower

7.2 Evaporator

7.3 Knockout Drum

7.4 Scrubber

7.5 Others

7.5.1 Steam Drum

7.5.2 Absorber

7.5.3 Flare Stacks

7.5.4 Soil Vapor Extraction

7.5.5 Air Conditioning

8 Mist Eliminators Market, by End Use Industry - Forecast Till 2025 (Volume and Value)

8.1 Oil & Gas

8.2 Desalination

8.3 Power Generation

8.4 Chemical

8.5 Paper and Pulp

8.6 Textile

8.7 Pharmaceutical & Medical

8.8 Glass Manufacturing

8.9 Food & Beverages

8.10 Automotive

8.11 Others (If Any)

9 Mist Eliminators Market, by Region - Forecast Till 2025 (Volume and Value)

9.1 North America

9.2 Europe

9.3 Asia-Pacific

9.4 South America

9.5 Middle East

9.6 Africa

10 Competitive Landscape

10.1 Company Evaluation Matrix Definition and Technology

10.2 Company Evaluation Matrix 2019

10.3 Competitive Scenario

10.4 Revenue Analysis of Top Players

11 Company Profiles

11.1 Introduction

11.2 Sulzer Chemtech Inc.

11.3 FMC Technologies Inc.

11.4 Ceco Environmental

11.5 Sullair, LLC

11.6 Munters AB

11.7 Koch-Glitsch

11.8 Kimre, Inc.

11.9 Air Quality Engineering, Inc.

11.10 Mecs, Inc.

11.11 Amacs

11.12 Hillard Corporation

11.13 RVT Process Equipment GmbH

11.14 3Nine AB

11.15 Benvitec

11.16 KCH Services Inc.

11.17 Coastal Technologies, Inc.

11.18 Evergreen Technologies (P) Ltd.

11.19 Finepac Structures Pvt. Ltd.

11.20 Varun Engineering Pvt. Ltd.

11.21 Others

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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HAMDEN, Conn.--(BUSINESS WIRE)--TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct,” the “Company,” “we” or “our”), a global leader in software-driven technology and printing solutions for high-growth markets, today announced the pricing of an underwritten public offering of 1,200,000 newly issued shares of its common stock at a price of $7.10 per share. The proceeds to the Company from the offering are expected to be approximately $8.5 million before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. TransAct has also granted to the underwriters of the offering a 30-day option to purchase an additional 180,000 shares of common stock to cover overallotments in connection with the offering. The offering is expected to close on October 16, 2020, subject to customary closing conditions.

Roth Capital Partners is acting as the sole book-running manager for the offering, and Barrington Research Associates, Inc. is acting as co-manager for the offering.

TransAct intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include funding the further development of TransAct’s food service technology business and related sales, marketing and product development efforts, technology improvements and personnel costs in support of TransAct’s growth strategy.

A shelf registration statement relating to the shares of common stock to be issued in the offering was filed with the Securities and Exchange Commission (the “SEC”) on August 17, 2020, and is effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A preliminary prospectus supplement and accompanying base prospectus relating to and describing the terms of the offering have been filed with the SEC, and a final prospectus supplement and accompanying base prospectus describing the final terms of the offering will be filed with the SEC and, when available, may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Newport Beach, CA 92660, by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at (800) 678-9147, or by accessing the SEC’s website, www.sec.gov.

About TransAct Technologies Incorporated

TransAct Technologies Incorporated is a global leader in developing software-driven technology and printing solutions for high-growth markets including food service, casino and gaming, POS automation, and oil and gas. The Company’s solutions are designed from the ground up based on customer requirements and are sold under the BOHA! ™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® brands. TransAct has sold over 3.4 million printers and terminals around the world and is committed to providing world-class service, spare parts and accessories to support its installed product base. Through the TransAct Services Group, the Company also provides customers with a complete range of supplies and consumable items both online at http://www.transactsupplies.com and through its direct sales team. TransAct is headquartered in Hamden, CT. For more information, please visit http://www.transact-tech.com or call (203) 859-6800.

TransAct®, BOHA!™, AccuDate™, EPICENTRAL®, Epic®, Ithaca® and Printrex® are trademarks of TransAct Technologies Incorporated. ©2020 TransAct Technologies Incorporated. All rights reserved.

Forward-Looking Statements

Certain statements in this press release include forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “project,” “plan” or “continue,” or the negative thereof, or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, the adverse effect of the COVID-19 pandemic on our business, operations, financial condition, results of operations and capital resources, including as a result of supply chain disruptions, shutdowns and/or operational restrictions imposed on our customers, inability of our customers to make payments on time or at all, diversion of management attention, necessary modifications to our business practices and operations, cost cutting measures we have made and may continue to make, a possible future reduction in the value of goodwill or other intangible assets, inadequate manufacturing capacity or a shortfall or excess of inventory as a result of difficulty in predicting manufacturing requirements due to volatile economic conditions, price increases or decreased availability of component parts or raw materials, exchange rate fluctuations, volatility of and decreases in trading prices of our common stock and the availability of needed financing on acceptable terms or at all; our ability to successfully develop new products that garner customer acceptance and generate sales, both domestically and internationally, in the face of substantial competition from competitors that have broader lines of products and greater financial resources; our ability to successfully transition our business into the food service technology market; our ability to remediate the material weaknesses over internal control over financial reporting; risks associated with potential future acquisitions; general economic conditions in the United States, Australia, Europe and Asia; our dependence on contract manufacturers for the manufacturing and assembly of a large portion of our products in Asia; our dependence on significant suppliers; our ability to recruit and retain quality employees as the Company grows; our dependence on third parties for sales outside the United States, including in Australia and Asia; marketplace acceptance of new products; risks associated with foreign operations; the availability of third-party components at reasonable prices; price wars or other significant pricing pressures affecting the Company’s products in the United States or abroad; increased product costs or reduced customer demand for our products due to changes in U.S. policy that may result in trade wars or tariffs; our ability to protect intellectual property; the effect on global economic conditions, financial markets and our business from the United Kingdom’s withdrawal from the European Union; and other risk factors detailed in the Company’s annual report on Form 10-K for the year ended December 31, 2019, quarterly reports for the quarters ended March 31, 2020 and June 30, 2020, and other reports filed with the SEC. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release, and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances, except as required by applicable law.

Investor Contact:
Bart Shuldman
Chairman and Chief Executive Officer
TransAct Technologies Incorporated
702-388-8180

Michael Bowen
ICR, Inc.
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203-682-8299

Marc P. Griffin
ICR, Inc.
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646-277-1290

• The CMA CGM Group, a leader in shipping and logistics in the U.S., is proud to help its local communities during this time of need
• Large shipping containers will provide storage for building supplies used to rebuild homes and other critical supplies
• This relief effort is in partnership with FEMA and Adventist Community Services

NORFOLK, Va.--(BUSINESS WIRE)--CMA CGM, a world leader in shipping and logistics, today announced that it has provided critical supplies to several California communities impacted by the devastating wildfires that continue to rage throughout the state, including the Fresno area, parts of Northern California and Reno, Nevada.

In coordination with the Federal Emergency Management Agency (FEMA) and Adventist Community Services (ACS), CMA CGM delivered several shipping containers to help California families who have lost their homes during the recent wildfires. These large containers provide safe and secure storage for building supplies used to rebuild homes as well as for holding pallets of fresh water, nonperishable items, kitchen supplies, personal care items, toiletries and clothing.

“Our hearts are with all of those impacted by the wildfires in California,” said CMA CGM America President Ed Aldridge. “With our presence in California, we wanted to do something to help these impacted communities rebuild during this difficult time. Relief groups like ACS are currently distributing three times the normal volume of food due to the continuing wildfires and COVID-19, and we are pleased to be able to contribute to the relief efforts, offering a safe and secure place to store items for those who have lost their homes.”

Charlene Sargent, Director of Pacific Union Conference Adventist Community Services added: “We are extremely thankful to CMA CGM for their generous support in response to the thousands of devastating fires in California. The company's contribution will play a critical role in providing help and healing for California families who have been displaced, lost homes and continue to struggle to rebuild their lives.”

This effort is part of the CMA CGM’s unwavering commitment to the U.S. Last week, the company provided much-needed firefighting equipment and shipping containers to support efforts to contain the wildfires through the Logistics Victory Los Angeles initiative. Donated supplies included work gloves, hard hats, boots, coveralls and safety goggles, in addition to chainsaws for both firefighting and recovery efforts.

CMA CGM also provided critical supplies, including large refrigerated containers with generator sets, to several Louisiana communities impacted by Hurricane Laura earlier this month.

As the nation’s top ocean-freight carrier, CMA CGM serves 19 U.S. ports with 34 services and 93 weekly port calls, including the ports of Los Angeles, Long Beach and Oakland. In addition, the Group’s subsidiary, American President Lines (APL), operates a fleet of U.S.-flagged vessels and supports U.S. territories and American military stationed around the world.

The CMA CGM Group employs more than 12,000 team members across the U.S. and is also a leading provider of logistics services through its subsidiary CEVA Logistics.

About CMA CGM

Led by Rodolphe Saadé, the CMA CGM Group is a world leader in shipping and logistics. Its 500 vessels serve more than 420 ports across five continents around the world and carried nearly 22 million TEUs (twenty-foot equivalent units) in 2019. With CEVA Logistics, a world leader in logistics services, CMA CGM handles more than 500,000 tons of airfreight and 1.9 million tons of inland freight every year.

CMA CGM is constantly innovating to offer customers new maritime, inland and logistics solutions. Present on every continent and in 160 countries through its network of 755 offices and 750 warehouses, the Group employs more than 110,000 people worldwide, of which 2,400 are in Marseille where its head office is located.

Press Contact:
Amber Leonard
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MIDLAND, Texas--(BUSINESS WIRE)--Oryx Delaware Oil Transport LLC (ODOT) announced today the launch of a binding open season to obtain volume commitments to support a proposed new gathering system that, upon completion, would be capable of transporting crude petroleum from certain receipt points located in Eddy County, New Mexico to an interconnect with the Trans Permian Pipeline System at Carlsbad Station, for further transportation. The open season begins at 8:00 a.m. CDT today, October 14, 2020 and is scheduled to end at 5:00 p.m. CST on November 13, 2020.

Open Season Information

The open season process provides potential shippers the opportunity to obtain firm capacity by making volume commitments to ODOT during the binding open season timeframe. Shippers that elect to execute a transportation services agreement and make volume commitments during the binding open season will receive firm capacity, which is capacity not subject to pro-rationing during normal operating conditions, up to an amount equal to each shipper’s elected volume commitment.

A copy of the open season notice, which provides a high-level summary of the key terms set forth in the transportation services contracts can be found at Oryx’s website http://www.oryxmidstream.com/customer-center. Copies of the open season procedures and the form transportation services contract will be available to interested shippers upon the execution of a confidentiality agreement. A copy of the form confidentiality agreement will be available to interested shippers upon request. All such requests for the confidentiality agreement and the open season documents should be directed to Will Abney via phone at (432) 253-0135 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it.. All binding commitments must be received by 5:00 p.m. CST on November 13, 2020.

About Oryx Midstream Services

Midland-based Oryx Midstream is the largest privately held midstream crude operator in the Permian Basin. The company owns and operates a crude oil gathering and transportation system underpinned by nearly 1.2 million acres under long-term dedications from more than 30 customers. The system’s 2.9 million barrels of storage and approximately 1,600 miles of in-service pipeline span ten counties in Texas and two in New Mexico. Oryx is dedicated to providing producers with solutions and flexibility through a full suite of midstream services. For more information, please visit www.oryxmidstream.com.

Commercial Contact:
Will Abney
Oryx Midstream
(432) 253-0135
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Media Contact:
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Redbird Communications Group
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ORANGE, Conn.--(BUSINESS WIRE)--$AGR #AmericasMostJUST--AVANGRID (NYSE: AGR), a leading sustainable energy company, today was recognized on the annual Forbes JUST 100 – a list of America’s best corporate citizens.

AVANGRID was ranked number one within the utility industry for its commitment to the environment and the communities it serves. This is AVANGRID’s first appearance on the list published by Forbes and JUST Capital which recognizes companies doing right by stakeholders and making an impact above and beyond their industry peers.

In total, JUST Capital evaluated 928 public U.S. companies across 19 issues by polling more than 110,000 people on the most critical aspects of corporate behavior. The companies that made the list outperform on issues that matter most to the American public – like paying fair wages, investing in employees, acting ethically and with integrity, cultivating a diverse and inclusive workplace, and more.

“At AVANGRID, we work collaboratively with our communities to address issues around the environment, equality, and the societal and economic challenges of our times and we are very proud to be recognized by Forbes and JUST Capital as a company that leads by doing the right thing,” said Dennis Arriola, CEO of AVANGRID. “The world around us is changing quickly and being one of America’s most JUST companies confirms our belief that when we do right by our diverse stakeholders, good things happen for all.”

“Now more than ever, business leaders have the chance to spark lasting systemic change within their companies and across society,” said Forbes Senior Editor Steven Bertoni.

“In the face of a global pandemic, economic recession, and national reckoning with racial injustice, the American public is demanding more from our corporate leaders than ever before,” said Martin Whittaker, CEO of JUST Capital. “The companies featured in the 2021 JUST 100 list have stepped up in service of their workers, customers and communities this year while delivering long-term value to shareholders.”

Both the Forbes JUST 100 and the Industry Leader list will be featured in the November issue of Forbes, with additional stories at www.forbes.com/just100 and a comprehensive interactive ranking and benchmarking platform at www.justcapital.com.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $35 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

About Forbes: The defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 160 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect.

About JUST Capital: The mission of JUST Capital, an independent nonprofit, is to build an economy that works for all Americans by helping companies improve how they serve all their stakeholders – workers, customers, communities, the environment, and shareholders. We believe that business and markets can and must be a greater force for good, and that by shifting the resources of the $19 trillion private sector, we can address systemic issues at scale, including income inequality and lack of opportunity. Guided by the priorities of the public, our research, rankings, indexes, and data-driven tools help measure and improve corporate performance in the stakeholder economy. To learn more about how data-driven insights are creating a more just future for capitalism, visit: www.JUSTCapital.com.

Athena Hernandez
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Three Initial Products Include nUVo™, a Portable Air Disinfection Tower for Small Offices & Homes, abUV™, an Integrated LED lighting and UV-C Air Disinfection Troffer Powered by the EnFocus™ Lighting Control Platform, and mUVe™, an Autonomous Surface and Floor Disinfection Robot

Webinar to be Held October 14 at 1:00 PM ET

SOLON, Ohio--(BUSINESS WIRE)--#UVCDisinfectionSolutions--Energy Focus, Inc. (Nasdaq: EFOI), a leader in sustainable LED lighting and human-centric lighting (“HCL”) technologies, today launches a portfolio of germicidal UV-C Disinfection (“UVCD”) products, with advanced, patent-pending technologies designed to destroy 99.9+ percent* of various pathogens, including influenza and coronaviruses such as SARS and SARS-CoV-2, in the air or on surfaces to improve indoor hygiene and sanitation. Three initial products – nUVo™, abUV™, and mUVe™ -- complement each other to meet the needs of air and surface disinfection for commercial, industrial and residential indoor environments. The products are available for pre-order on the Company’s e-commerce website, through its internal salesforce and distribution channel partners, and deliveries are expected to start during the first quarter of 2021.

Leveraging and integrating a broad range of rapidly advancing technologies -- including LED lighting, UV lighting, electronics, software, sensors, cloud and AI -- the Energy Focus UVCD solutions aim to provide impactful and affordable disinfection products for businesses and homes to effectively reduce infection risks. In addition to being ozone-free, the products are designed to guard against the risks of direct human exposure to UV-C rays. abUV^TM and nUVo^TM include enclosed, self-contained UV-C disinfection units that continuously inactivate viruses while reducing overall pathogen levels in the air. mUVe^TM incorporates advanced sensor, machine vision and autonomous technologies to avoid human exposure during disinfection operations.

The core germicidal far ultraviolet (UV-C) lighting spectrum used in Energy Focus’ new products, at 254 nanometers (nm) wavelength, has been scientifically proven to be effective for inactivating pathogens by breaking the DNA and RNA bonds in cells of certain bacteria, fungi, mold and viruses, making them incapable of duplicating. Other longer wavelength UV spectrums, such as UV-A and UV-B, are unable to directly inactivate viruses. And unlike other disinfectants that are composed of irritating and environmentally harmful chemicals, UV-C disinfection produces no harmful byproducts or environmental waste. In addition, while chemical disinfectants require extensive, expensive and unreliable manual deployment, we believe Energy Focus UVCD solutions are capable of providing affordable continuous disinfection with optimal effectiveness and safety.

Energy Focus’s new UVCD products include:

nUVo™ -- Portable UV-C Air Disinfection Tower for Homes and Offices – Continuous 24-Hour Airborne Pathogen Disinfection

The patent-pending nUVo™ portable UV-C air disinfection device provides powerful, continuous air circulation and disinfection and is designed for 99.9%+ effectiveness on various pathogens including influenza and coronaviruses, as well as easy transport within and between rooms. Most air purifiers currently in the market target specific breathing or allergy issues, requiring frequent filter changes and lack sufficient UV-C or air circulation power. With an enclosed UV-C chamber shielded from direct human exposure, nUVo^TM can achieve 4 air changes per hour (4 ACH) in a 200-square-foot room. nUVo^TM also does not need filter changes, and the easily replaceable UV-C lighting module lasts over 10,000 hours (or over 2 years if used 12 hours per day on average). Priced for affordability and designed with aesthetic prominence, we believe this highly effective UV-C air disinfection product will help both small offices and homes disinfect the air and reduce risks from common infectious pathogens.

abUV™ -- EnFocus™ Circadian Lighting + UV-C Air Disinfection Troffer – Continuous Airborne Pathogen Disinfection

With a built-in fan that draws, disinfects and circulates the air in the room at approximately 2 air changes per hour (ACH) in a 200 square foot space, the abUV™ troffer system provides facilities with continuous air disinfection designed for 99.9%+ effectiveness against various pathogens, including influenza and coronaviruses such as SARS, in addition to the highest quality LED lighting—flicker-free, dimming and color tunable. In addition, abUV^TM leverages Energy Focus’ patent-pending, award-winning EnFocus^TM lighting control platform that enables simple replacement of existing fluorescent or LED fixtures and wall switches without the need of costly network cabling or system integration. We believe all of these benefits are delivered at significantly lower costs and through faster and simpler implementation than traditional integrated UV lighting fixtures. We expect abUV™ to be the ultimate integrated lighting and air disinfection system for current and post-pandemic public spaces, such as hospitals, schools, universities, offices, retail stores or public assemblies where 2x2 and 2x4 fluorescent or LED fixtures are the predominant form factor for lighting.

mUVe™ -- UV-C Surface Disinfection Robot

The patent-pending mUVe™ is an autonomous surface disinfection robot designed for chemical-free disinfection with 99.99%+ effectiveness against pathogens such as influenza and coronaviruses that are within the range of 1 meter (or 3.3 feet) of the unit. Moving at a speed of 18 inches per second and with the ability to cover approximately 10,000 square feet of space per hour, the robot is capable of reducing pathogens on surfaces—walls, furniture, equipment, etc.—in its line of sight with a concentrated beam of UV-C light directed by a proprietary parabolic reflector, as well as on floors disinfected by another UV-C lamp on the bottom of the robot. Like other Energy Focus UVCD products, by incorporating innovative designs and cutting-edge robotics technologies with the mission for massive and rapid adoption, we believe mUVe^TM will be able to provide these benefits at a significantly lower cost of ownership than the prevailing UV robotic offerings in the market today.

James Tu, Chairman and CEO of Energy Focus said, “We are extremely pleased and proud to launch this groundbreaking portfolio of UV-C disinfection products as a comprehensive solution to help elevate hygiene and sanitation levels of buildings and homes. As the world faces the near universal presence of coronavirus today and recognizes the clear risks of other pathogens and pandemics in the future, indoor environmental safety has become an unprecedented priority and will outlive the current pandemic. We believe that these latest UVCD products—as part of our Human-Centric Lighting portfolio—can provide powerful, affordable and immediate solutions to help people return to common spaces for optimal social interactions and economic activities.”

“The benefits of HCL, which aims to bring positive impacts to human health and wellbeing, range from improving productivity at work and the quality of sleep, to the hygiene of our spaces and the quality of the air that we breathe. This UVCD product portfolio perfectly aligns with our mission to enlighten and inspire for better living, and expands the “triple bottom line” benefits that we offer our customers – human health, environmental sustainability, and financial impacts - through advanced lighting technologies. In addition, as the awareness of air and surface disinfection turns permanent and the demand for UVCD expands from hospital operating rooms to everyday lives, Energy Focus’ leading, long-term track record in quality, performance and safety, substantiated by our installations in mission critical facilities ranging from the US Navy and National Institute of Health to many other leading healthcare, education and commercial organizations, brings the quality and credibility necessary for quicker and wider adoption of UVCD products worldwide,” continued Mr. Tu.

“We are equally proud of and grateful for the ingenious, diligent and collaborative work from our engineering and product development teams as well as our global technology and supply chain partners. Members of our whole product development ecosystem were able to pivot and crosspollinate seamlessly and tirelessly during the pandemic to invent, design, prototype and complete the development of these impactful products in an extremely timely manner. Now we look forward to rapidly and vastly expanding the reach of these UVCD solutions through our growing list of channel partners to meet the heightened and urgent disinfection needs of building owners and operators, as well as residential consumers.”

More Information:

Product information: These products, which are now available for pre-order on uvcd.energyfocus.com are expected to start deliveries in first quarter 2021 and shipments will be based on the timing and queue of the pre-orders. More information, including spec sheets for each of the products, is available at the above link.

Webinar:

Energy Focus will be hosting an HCL webinar on Wednesday, October 14 at 1:00 PM ET during which the company’s UVCD product portfolio will be discussed, amongst other HCL topics. Register here for “How to Make a Safer and Healthier Environment through Human-Centric Lighting.”

The webinar will be recorded and will be available at the investors section of Energy Focus’ website, https://investors.energyfocus.com/events/.

*Energy Focus’s UVCD utilizes UV-C light source with 254 nm wavelength that has proven to be effective in inactivating viruses such as coronavirus under certain conditions. Specifications are subject to change and final products are subject to third party verification by independent labs. The Energy Focus nUVo™, abUV™ and mUVe™ UVCD solutions are not intended to be used as medical devices and are not registered as medical devices under any applicable laws.

About Energy Focus:

Energy Focus is an industry-leading innovator of sustainable LED lighting and lighting control technologies. As the creator of the first flicker-free LED products on the U.S. market, Energy Focus products provide extensive energy and maintenance savings, as well as aesthetics, safety, health, and sustainability benefits over conventional lighting. Our patent-pending EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable dimmable and color tunable Human-Centric Lighting (HCL). Our customers include U.S. and foreign navies, U.S. federal, state and local governments, healthcare, and educational institutions, as well as Fortune 500 companies.

Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including TLEDs, waterline security lights, explosion-proof globes, and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.

Forward-Looking Statements

Forward-looking statements in this release and the presentations and information linked to in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Generally, these statements can be identified by the use of words such as “believes,” “estimates,” “anticipates,” “expects,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts and include statements regarding our current expectations concerning, among other things, the novelty, disinfection effectiveness, affordability and estimated delivery timing of our UVCD products and their performance and cost compared to other products, the performance and efficiency of our EnFocus™ LED lighting Control Platform compared to other products and future development of our EnFocus™ LED Lighting Control Platform as well as the impact of our products on efficiency and employee well-being. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release and the presentations and information linked to in this release. We believe that important factors that could cause our actual results to differ materially from forward-looking statements include, but are not limited to: (i) disruptions in the U.S. and global economy and business interruptions resulting from the recent coronavirus (“COVID-19”) health pandemic outbreak and related stay-at-home orders, quarantine policies and restrictions on travel, trade and business operations; (ii) our need for additional financing in the near term to continue our operations; (iii) our liquidity and refinancing demands; (iv) our ability to obtain refinancing or extend maturing debt; (v) our ability to continue as a going concern for a reasonable period of time; (vi) our ability to implement plans to increase sales and control expenses; (vii) our reliance on a limited number of customers for a significant portion of our revenue, and our ability to maintain or grow such sales levels; (viii) our ability to increase sales by adding new customers to reduce the reliance of our sales on a smaller group of customers, and the long sales-cycle that our product requires; (ix) our ability to increase demand in our targeted markets and to manage sales cycles that are difficult to predict and may span several quarters; (x) the timing of large customer orders, significant expenses and fluctuations between demand and capacity as we invest in growth opportunities; (xi) our ability to compete effectively against companies with lower cost structures or greater resources, or more rapid development efforts, and new competitors in our target markets; (xii) our ability to successfully scale our network of sales representatives, agents, and distributors to match the sales reach of larger, established competitors;(xiii) market acceptance of LED lighting and UVCD technologies and products; (xiv) our ability to attract and retain qualified personnel, and to do so in a timely manner; (xv) the impact of any type of legal inquiry, claim, or dispute; (xvi) general economic conditions in the United States and in other markets in which we operate or secure products; (xvii) our dependence on military maritime customers and on the levels of government funding available to such customers, as well as the funding resources of our other customers in the public sector and commercial markets; (xviii) the possible impact on our military maritime customers and their ability to honor the timing for existing orders or place future orders due to COVID-19 breakouts amongst personnel that might impact the use of ships in service; (xix) business interruptions resulting from geopolitical actions, including war and terrorism, natural disasters, including earthquakes, typhoons, floods and fires or from health epidemics or pandemics or other contagious outbreaks; (xx) our reliance on a limited number of third-party suppliers, our ability to obtain critical components and finished products from such suppliers on acceptable terms, and the impact of our fluctuating demand on the stability of such suppliers; (xxi) our ability to timely and efficiently transport products from our third-party suppliers to our facility by ocean marine channels; (xxii) our ability to respond to new lighting technologies and market trends, and fulfill our warranty obligations with safe and reliable products; (xxiii) any delays we may encounter in making new products available or fulfilling customer specifications; (xxiv) any flaws or defects in our products or in the manner in which they are used or installed; (xxv) our ability to protect our intellectual property rights and other confidential information, and manage infringement claims by others; (xxvi) our compliance with government contracting laws and regulations, through both direct and indirect sale channels, as well as other laws, such as those relating to the environment and health and safety; (xxvii) risks inherent in international markets, such as economic and political uncertainty, changing regulatory and tax requirements and currency fluctuations, including tariffs and other potential barriers to international trade; and (xxviii) our ability to remediate a significant deficiency, maintain effective internal controls and otherwise comply with our obligations as a public company and under Nasdaq listing standards. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update forward-looking statements, except as required by law.

Media Contact:
DGI Comm
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Hayden IR
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PEP Consulting Team brings a combined 150+ years of industry experience to offer honest, unbiased insight to clients

HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (PEP), a Houston-based energy investment management and consulting firm, today announced the launch of a formalized energy consulting practice. By using the firm’s extensive industry network and expertise, PEP clients can now better leverage the strategic energy knowledge that has been at the core of Pickering Energy Partners since inception.

Sitting at the intersection of traditional energy, the energy transition, and Environmental, Social, Governance (ESG) trends, PEP is uniquely positioned to provide market and portfolio insights, and actionable advice to energy companies and energy market investors. Driven by an experienced team with a deep energy and financial network, PEP has helped a wide range of clients in engagements ranging from investment advice and due diligence support to portfolio deep dive analyses. Expanding their offerings in the face of a rapidly evolving energy transition, PEP has also helped energy companies build tools and strategies around company and investor ESG goals. In times of extreme volatility and uncertainty, PEP will provide unbiased, quantifiable insights to clients with specific energy-related initiatives or companies trying to navigate the rapidly changing ESG landscape.

“At a time when we are seeing unprecedented activity in the market, it’s important for businesses in the sector to have the best counsel available to them,” said Dan Pickering, Chief Investment Officer of Pickering Energy Partners. “At Pickering Energy Partners, we have decades of experience and a proven track record of success throughout the ups and downs in the energy industry. In this challenging time, we have decided to expand into services that we have traditionally done only on request from large clients. By expanding our expertise, knowledge, and resources to advise a broader set of clients, we stand ready to guide them through the 2020 turbulence and the energy markets of the future.”

PEP’s consulting business will be led by Dan Pickering and Walker Moody, the long-time leaders of the business, and Chris Micsak (Director) and will be supported by a cross-functional team of dedicated consultants, private equity professionals and research analysts. The combined PEP team brings over 150 years of energy market analytics, research and principal investing experience, and collectively has been involved in over $55 billion in energy transactions. Additional consulting team members will be added over the coming months.

PEP works with public and private companies as well as institutional investors across the energy-value chain. The newly announced consulting services are augmented by ongoing asset management and investment research activities that will help provide our energy industry clients with a more robust suite of services.

To learn more about PEP consulting capabilities, click here or contact Chris Micsak at (713) 804-7575.

About Pickering Energy Partners

The original Pickering Energy Partners (PEP) was founded in early 2004 by Dan Pickering as an institutional energy research firm before subsequently partnering with Bobby Tudor and Maynard Holt in 2007 to become Tudor, Pickering, Holt & Company. Today's Pickering Energy Partners takes an entrepreneurial approach to an energy-focused financial services platform with customized asset management strategies and a high impact consulting capability. Headquartered in Houston, Texas, PEP combines the leadership of Dan Pickering with an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com.

PEP is an SEC Registered Investment Advisor located in Houston, Texas. PEP does not provide corporate advisory or investment banking services on energy-related transactions.

Cassie Boehm
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Port continues decades old partnership with Navis to expand inland terminal operations supporting economic growth in the region

OAKLAND, Calif.--(BUSINESS WIRE)--Navis a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, today announced that GPA’s Appalachian Regional Port (ARP) has reached 260% growth and hit 27,132 lift moves, a record for its new terminal. As an over 20-year Navis customer, GPA grew its business and opened ARP, its first intermodal terminal, with Navis as its TOS partner to aid in its expansion, automation and rail business goals.

In 2018, GPA expanded into inland terminals when they opened ARP, taking the site from a greenfield location to a thriving intermodal terminal to support key regions within four states - Georgia, Alabama, Tennessee and Kentucky. The goal of the project was to provide a logistics solution inland that would fill a need in the area, grow the local economy and focus on sustainability efforts by taking trucks off long-haul routes and replacing them with rail services. As the terminal scaled its operations, it added local jobs and attracted major companies like GE to open warehouses in the region, resulting in greater economic development for Georgia and an increase in demand at the terminal. From inception, GPA determined Navis would be the best option for a TOS at ARP due to its innovative features, rail functionality and ability to handle operations as the business grows. In 2020, ARP has hit several key business and operational goals with support from N4. This year, ARP moved more than 48,000 twenty-foot equivalent container units, doubled its cargo to 5,601 in September and has confirmed plans to add six new storage bays by the end of the year, increasing TEU capacity at the terminal by 15,000 per year.

“Despite the pandemic, this year has been a record year for ARP. We have seen operational, financial and company growth and as a result, we currently have plans to increase capacity on terminal,” said Wesley Barrell, Terminal Manager at ARP. “Navis has been a great partner to us and its TOS has played a significant role in our operational success. We are confident that Navis has the capabilities to handle our shifting business needs as we focus our efforts on further developing our intermodal operations in the near-future.”

In addition to hitting several important milestones, ARP’s goals were to increase efficiency and streamline operations at the terminal for better results. Using N4 TOS, ARP was able to integrate automated gate functionality, Expert Decking for more optimized yard planning and provide a user-friendly portal to its employees and customers through the technology. Due to the success they have seen using N4, GPA’s on-dock mega rail project, Port of Savannah, will be running on N4 TOS when it is complete next year.

“GPA has an impressive record of success, reaching company and regional economic milestones, regularly. As a longtime GPA partner, we have been there to support their team as they build business models from the ground up on new sites, and are excited by their company’s vision for the future,” said Chuck Schneider, Chief Customer Officer at Navis. “We are thrilled to provide N4 to support ARP’s operations and look forward to collaborating with their team on upcoming projects where rail will be a key driver of growth and success, to help them flourish for years to come.”

For more information visit www.navis.com.

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps streamline operations. www.navis.com

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totalled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com

Jennifer Grinold
Navis, LLC
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Geena Pickering
Affect
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COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced today that it has appointed Kimberly “Kim” A. Nelson, former Senior Vice President, External Relations of General Mills, Inc., to its Board of Directors effective October 13, 2020.

“We are pleased to welcome Kim to the Cummins Board of Directors. Her wealth of knowledge and extensive operating and corporate experience will be invaluable as we navigate industry disruptions and deliver the innovation our customers need,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “With her leadership experience and perspectives gained from many years in business, Nelson will expand the range of expertise and experience among our board members, and we are confident she will assist in positioning the company for long-term growth and continued profitability for our shareholders.”

Nelson brings significant experience in key priority areas for Cummins, including environmental, social and corporate governance to her work as a board member. In her former role as Senior Vice President, External Relations at General Mills, Nelson executed a global corporate re-branding, managed crisis communications, developed and executed an integrated, high impact sustainability strategy and advanced the company’s global influence with key external stakeholder relations.

Nelson worked for General Mills Inc. for nearly 30 years. During her career, she held several senior brand and general management roles, including serving as President of the $1.2B Snack Food Division where she led the fastest growing U.S. operating division in General Mills, generating +10% annual sales growth. In previous roles, she drove overall strategy development, business planning, advertising, sales & promotions development and new product initiatives. Nelson retired from General Mills Inc. in 2018.

In 2019, Nelson joined the Board for Tate & Lyle PLC, a UK based food and beverage ingredient supplier as a non-executive director and a member of the Audit and Nominations Committees.

Nelson attended Georgetown University and graduated with a Bachelor of Science in International Relations. In 1988, she earned an MBA in Marketing from Columbia University.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Jon Mills – Director, External Communications
317-658-4540
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Emera Inc. (TSX: EMA) today published its latest sustainability report which is now available at www.emera.com/sustainability.

For more than 15 years, Emera’s strategy has been rooted in its Environmental, Social and Governance (ESG) commitments. This year’s sustainability report highlights Emera’s continued commitment to investing in cleaner and renewable energy, while focusing on increasing reliability and maintaining customer affordability.

Some of the achievements highlighted in this year’s report include (as of Dec. 31, 2019, unless otherwise indicated):

• A 35% reduction in greenhouse gas (GHG) emissions across Emera’s operations from 2005 levels
• An increase in installed renewable capacity across Emera from 832 MW in 2018, to 1,107 MW
• An 18% reduction in the rate of injury across the company
• $13.4 million invested in our communities in 2019
• More than $4 million contributed to COVID-19 relief funds
• 38% of executives across the business are women
• 36% of board directors are women (as of Sep 30, 2020)

“We’re pleased to share our ESG progress in this year’s report,” says Scott Balfour, President and CEO, Emera Inc. “The COVID-19 pandemic has highlighted the critical nature of our business and the importance of organizations like ours to be able to adapt in the face of rapidly emerging risks and challenges.”

Decarbonization is central to Emera’s strategy, work that started in its home province. Nova Scotia Power has delivered one of the fastest transitions to cleaner energy in Canada and has already achieved greenhouse gas reductions that exceed the targets set by Canada in the COP 21 Paris Agreement. The utility boasts one of the highest integrations of wind energy in North America at 18 per cent of total generation. Emera also completed the $1.7 billion Maritime Link project, enabling clean hydro energy to flow between Newfoundland and Labrador and Nova Scotia in 2021.

In Florida, Emera has increased its solar capacity at Tampa Electric from nearly zero just a few years ago, to approximately 600MW today, with another 650MW to be installed by 2023. Additionally, the $850 million Big Bend modernization project is underway to significantly reduce the use of coal at the facility by repowering one coal unit with natural gas and retiring a second coal unit.

Of Emera’s $7.5 billion capital spending plan through to 2022, 60 per cent is committed to initiatives to make energy cleaner and more reliable.

“Our decarbonization initiatives are central to our strategy and key drivers of our growth, which in turn, creates value for our shareholders,” says Balfour. “We’re committed to delivering the information our investors and other stakeholders are looking for by enhancing our ESG disclosure related to the critical areas of our business.”

In addition to the Global Reporting Index (GRI), Emera added two important disclosure frameworks to its reporting this year— the Sustainability Accounting Standards Board (SASB) that addresses sector-specific financial impacts, and the Task Force on Climate-related Financial Disclosure (TCFD) which focuses on financial risk associated with climate change. These frameworks are emerging as best practice and help Emera provide the most relevant information to investors and other stakeholders.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 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 and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Dina Seely
902-222-2683
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REDWOOD CITY, Calif.--(BUSINESS WIRE)--#photovoltaics--Silicon Valley’s Ubiquitous Energy (UE) is proud to welcome building products industry veteran Edwin B. (Ted) Hathaway as a board member and strategic advisor.

UE’s patented transparent solar technology makes it possible for windows to generate electricity and integrate smart and energy efficient features. UE, actively expanding its go-to-market strategy and partnerships, is excited to work with Ted to accelerate commercialization. Ted brings 30 years of industry experience as a visionary chief executive and brand builder with a distinguished history of strategic innovation and a track record for achieving extraordinary growth and business development. He brings significant expertise in mergers and acquisitions, building products innovation, and operational excellence.

“We’re excited to have Ted join Ubiquitous Energy as a board member and strategic advisor. UE will benefit from Ted’s track record of transformative business development with bold acquisitions and building innovation. Ted is working alongside our senior management to shape corporate strategy as well as serving as an active advisor focused on go-to-market strategy and partnerships. He will play a key role helping our patented technology become available on a global scale.”
— Susan Stone, CEO of Ubiquitous Energy.

ABOUT UBIQUITOUS ENERGY

Ubiquitous Energy is the world leader in transparent photovoltaics. Its award-winning technology is the world’s only truly transparent solar product. UE technology harvests solar energy and serves as an invisible, onboard source of electricity for a variety of end products. The thin coating can be applied to the surface of windows glass to provide electricity generation and energy efficiency while remaining visibly indistinguishable from the fully transparent standard windows on the market today. Originally spun out of MIT, Ubiquitous Energy is now producing its highly transparent, efficient solar cells and windows in its production facility in Silicon Valley. For more information, visit www.ubiquitous.energy

VEERAL HARDEV
650.294.4333
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Director of Business Development
http://www.ubiquitous.energy

DUBLIN--(BUSINESS WIRE)--The "Microgrid Control Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Microgrid Control Systems is projected to reach US$3.9 billion by 2025, driven by the rapid migration towards decentralized energy systems.

The focus on sustainable energy against the backdrop of growing urgency to address climate change ranks as the primary factor driving adoption of decentralized energy systems. Other benefits offered include ability to utilize more renewable energy, reduced dependence on fossil fuels, more stable and largely lower energy prices, elimination of challenges involved in energy loss during long distance transmission, and reduced need to invest in electricity grid transmission and distribution capacity upgrades. In addition, centralized power grids are aging and suffer from grid power quality issues, and also lack the flexibility to adjust to changing energy consumption patterns worldwide.

Also, with several countries worldwide legislating mandatory renewable energy targets, the move towards distributed energy infrastructure is gaining momentum as production of energy closer to consumption areas supports smaller scale generation of renewable energy. Until now, in most markets across the globe power outage and/or scheduled blackouts was the popular load shedding strategy adopted to meet peak demand. However, with rapid digitalization, electrification and electronification of modern societies such a load shedding strategy is unsustainable and detrimental to the growth of economies.

As a result, there is strong focus on integrating higher shares of intermittent sources of renewable energy to meet peak demand. The scenario is leading to the development of hybrid energy systems to ensure reliable and sustainable supply of electricity. With traditional utilities stretched to the breaking point due to rapid population growth, urbanization and demands of the digital age, microgrids are the future of smart and distributed energy generation and distribution.

There is increased establishment of microgrids in areas rich in green sources of power such as photovoltaic (PV) and wind power. These local grids are then integrated into the main utility grid. Integrating and balancing renewable energy creates challenges in dynamics, control and automation of electrical power systems. This pushes up the need for sophisticated energy management system (EMS) and distribution management system (DMS) for reliable integration, management and control of multi-tiered energy systems.

As the issues related to integration and control of microgrids increase in complexity, the need for energy management and control systems will become greater and poised to benefit are microgrid control systems. Another exciting trend in the market is the increase in private deployment of microgrids. With power interruptions and blackouts becoming increasingly common and frequent as a result of extreme weather conditions compounded by aging energy infrastructure, there is a clear preference and migration away from grid-tied solar panels towards private microgrids fully independent and separate from the main power grid.

Competitors identified in this market include, among others:

• ABB Group
• Eaton Corporation PLC
• Exelon Corporation
• General Electric Company
• Hitachi Ltd.
• Honeywell International, Inc.
• Northern Power Systems Corporation
• Pareto Energy
• Princeton Power Systems
• Siemens AG

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
• With Governments Forced to Address Power-Quality, Reliability & Sustainability Issues, the Rising Investments in Energy Infrastructure to Benefit Demand for Energy Management & Control Systems/Solutions: Global Energy Investments (In US$ Billion) for the Years 2016, 2018, 2020
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• ABB (Switzerland)
• Eaton Corporation (USA)
• Emerson Electric Co. (USA)
• GE Grid Solutions LLC (USA)
• Ontech Electric Corporation (China)
• Operation Technology, Inc. (USA)
• RT Soft Group (Russia)
• S&C Electric Company (USA)
• Schneider Electric SE (France)
• Schweitzer Engineering Laboratories, Inc. (USA)
• Siemens AG (Germany)
• Spirae, LLC (USA)
• Woodward, Inc. (USA)

3. MARKET TRENDS & DRIVERS

• Focus on Decentralized Energy Generation Drives Deployment of Microgrids
• Growing Value of Distributed Energy Resources (DERs) in Dual Addressal of Environmental & Energy Sustainability Challenges Drives Demand for Microgrids & Microgrid Technology Solutions: Global Microgrid Capacity (In MW) for Years 2016, 2018, 2020, 2022 and 2024
• Rise of Smart Cities Drives the Focus on Engineering Microgrids to Achieve Slated Energy Goals
• With Microgrids Being the Foundation for Smart Energy Infrastructure, Growing Investments in Smart Cities Bodes Well for the Creation of "Grid of Microgrids": Global Investments in Smart City Technologies (In US$ Million) for the Years 2017 & 2020
• Private Sector Microgrids Rise Tall Over the Horizon to Offer Exciting Opportunities for Growth
• Lost Economic Value Due to Power Outages Pushes Up the Monetary Value of Electric Reliability & the Significance of Private Microgrids in Offering Backup Power: Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
• Chronic Public Sector Underfunding for Infrastructure Development Drives Private Participation & Investments in Distributed Energy Via Private Microgrids: Breakdown of Actual & Needed Infrastructure Spending (as a % of GDP) in Select Countries for the Year 2017
• Rising Investments in Renewable Energy Leads to Rapid Mushrooming of Renewable Microgrids Across the Global Energy Terrain

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 28

For more information about this report visit https://www.researchandmarkets.com/r/rxo4kj

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly cash dividend on common stock of 3 percent to 1.35 dollars per share from 1.311 dollars per share. The dividend is payable on December 3, 2020, to shareholders of record on November 20, 2020.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.

Forward-looking disclosure statement

Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: market slowdown due to the impacts from COVID-19 pandemic, other public health crises, epidemics or pandemics; impacts to manufacturing and supply chain abilities from an extended shutdown or disruption of our operations due to the COVID-19 pandemic; supply shortages and supplier financial risk, particularly from any of our single-sourced suppliers, including suppliers that may be impacted by the COVID-19 pandemic; aligning our capacity and production with our demand, including impacts of COVID-19; a major customer experiencing financial distress, particularly related to the COVID-19 pandemic; any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; disruptions in global credit and financial markets as the result of the COVID-19 pandemic; adverse impacts from government actions to stabilize credit markets and financial institutions and other industries; product recalls; the development of new technologies that reduce demand for our current products and services; policy changes in international trade; a slowdown in infrastructure development and/or depressed commodity prices; the U.K.'s decision to end its membership in the European Union (EU); labor relations or work stoppages; reliance on our executive leadership team and other key personnel; lower than expected acceptance of new or existing products or services; changes in the engine outsourcing practices of significant customers; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; exposure to potential security breaches or other disruptions to our information technology systems and data security; challenges or unexpected costs in completing cost reduction actions and restructuring initiatives; failure to realize expected results from our investment in Eaton Cummins Automated Transmission Technologies joint venture; political, economic and other risks from operations in numerous countries; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; foreign currency exchange rate changes; variability in material and commodity costs; the actions of, and income from, joint ventures and other investees that we do not directly control; changes in taxation; global legal and ethical compliance costs and risks; product liability claims; increasingly stringent environmental laws and regulations; the performance of our pension plan assets and volatility of discount rates, particularly those related to the sustained slowdown of the global economy due to the COVID-19 pandemic; future bans or limitations on the use of diesel-powered products; the price and availability of energy; our sales mix of products; protection and validity of our patent and other intellectual property rights; the outcome of pending and future litigation and governmental proceedings; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2019 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.

Jon Mills
Director, External Communications
317-658-4540
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With help from Portland General Electric and Energy Trust of Oregon, Hillsboro is pioneering a new technology for water utilities, the In-PRV from InPipe Energy, that converts excess water pressure into carbon-free electricity

HILLSBORO, Ore.--(BUSINESS WIRE)--The City of Hillsboro, Oregon, Energy Trust of Oregon, Portland General Electric (PGE) and InPipe Energy today jointly announced the completion of the Hillsboro In-Pipe Hydroelectric Project – the first renewable energy project featuring the In-PRV^TM, a new smart water and micro-hydro system that generates electricity by harvesting excess pressure from a city water pipeline. The In-PRV bypasses an existing pressure control valve, only instead of dissipating the pressure, it converts it into electricity that is fed to the grid. This new technology will generate from 185,000 up to 200,000 kWh or more of electricity per year that will help power the lighting, electric vehicle (EV) charging stations and concessions at Hillsboro’s Gordon Faber Recreation Complex, which includes Ron Tonkin and Hillsboro Stadiums. It will provide pressure management that helps save water and extend the life of the pipeline while reducing more than 162,000 pounds of carbon annually -- that equates to over 240,000 driven miles off the road - every year.

“As a growing city, we’re excited to pioneer this very practical new form of renewable energy that will help us continue to meet our climate action goals and build resilience,” said Hillsboro Mayor Steve Callaway.

“The City of Hillsboro’s innovative new project is a great example of how we can support on-demand, cost-effective renewable energy generation right here in our community,” said Maria Pope, president and CEO of Portland General Electric. “From the In-Pipe Hydroelectric Project to sourcing their power from 100% clean wind, Hillsboro is a leader in sustainability. Thanks to PGE’s Green Future customers’ support for local renewable energy projects, we were able to help fund this work, along with Energy Trust and InPipe Energy. Only by working together will we build a clean energy future.”

“The City of Hillsboro is tapping into a new, local source of renewable energy that communities across the region can deploy, and we support these projects through funding to offset costs,” said Dave Moldal, senior program manager at Energy Trust of Oregon. “The relationships that Hillsboro, PGE, Energy Trust and InPipe Energy have developed provide a successful model for how we can come together to implement new, innovative sources of clean energy for Oregon.”

“Water and energy are the most critical resources on the planet,” said Gregg Semler, President and CEO of InPipe Energy. “Water agencies across the country are being challenged with rising costs and aging infrastructure. Our In-PRV is a product that easily integrates into existing water pipelines and helps water agencies with both of these issues by enabling them to precisely manage pressure, save water, extend the life of their infrastructure and offset costs by producing renewable energy.”

How it Works

Throughout the world, water agencies use control valves to manage pressure in their water pipelines – this helps protect the pipeline from leaks and delivers water to customers at a safe pressure. These control valves normally burn off excess pressure as heat. InPipe Energy’s In-PRV pressure recovery system performs like a highly precise control valve, but takes the process one step further by turning the excess pressure -- that would be otherwise wasted -- into a new source of carbon-free electricity.

This new form of renewable energy – in-pipe hydropower – has previously been used in large-scale projects, however the In-PRV is the first system that combines software, micro-hydro and control technology as a turnkey product that can be installed quickly, easily and cost-effectively throughout water systems with smaller-diameter pipelines and wherever pressure must be reduced.

“We’re always looking for ways to improve our water operations and reduce costs for our ratepayers,” said Eric Hielema, Engineering Manager for the City of Hillsboro Water Department. “This technology provides us with a solution to help us precisely manage pressure while also producing renewable energy.”

“Distributed energy resources are a critical component in meeting the state’s carbon goals, and this is a great addition to the renewable energy options available to cities, reducing both carbon and energy costs.” added Moldal.

About the City of Hillsboro, Oregon

Now Oregon’s fifth-largest city, with over 100,000 people, Hillsboro is helping to grow Oregon’s future – from microprocessors to vital industries, centers of commerce and green spaces. Hillsboro is a well-planned, affordable hometown with a strong economic base and one of the state’s most diverse populations. It is the high-tech corridor for the state and home to a broad range of businesses, large and small, including Oregon’s largest employer, Intel. It also has the second-busiest airport in the state and the fifth-largest school district. See more information at Hillsboro-Oregon.gov.

About InPipe Energy

InPipe Energy is a renewable energy and smart water technology company that produces renewable energy from existing infrastructure. InPipe Energy has developed a new product called the In-PRV, it is a pressure recovery valve. It performs the function of a typical pressure reducing valve (PRV), but it converts excess pressure into a new source of renewable energy from existing water pipelines. InPipe Energy’s novel, modular approach integrates into water and energy infrastructure with software controls to improve operational efficiencies, save water, reduce carbon and make both water and energy more resilient. What could be more sustainable? For more information visit inpipeenergy.com.

About Portland General Electric Company

Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon, with operations across the state. The company serves 901,000 customers with a service area population of 1.9 million Oregonians in 51 cities. PGE has 16 generation plants in five Oregon counties, and maintains and operates 14 public parks and recreation areas. For over 130 years, PGE has delivered safe, affordable and reliable energy to Oregonians. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. PGE and its 3,000 employees are working with customers to build a clean energy future. In 2019, PGE, employees, retirees and the PGE Foundation donated $4.7 million and volunteered 32,900 hours with more than 700 nonprofits across Oregon. For more information visit portlandgeneral.com/rdf.

About Energy Trust of Oregon

Energy Trust of Oregon is an independent nonprofit organization dedicated to helping utility customers benefit from saving energy and generating renewable power. Our services, cash incentives and energy solutions have helped participating customers of Portland General Electric, Pacific Power, NW Natural, Cascade Natural Gas and Avista save $8.2 billion on energy bills over time. Our work helps keep energy costs as low as possible, creates jobs and builds a sustainable energy future. Learn more at energytrust.org or call 1-866-368-7878.

Media Contact: Jennifer Allen Newton: This email address is being protected from spambots. You need JavaScript enabled to view it. or +1 503-805-7540

ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)

Distribution

The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2020, of $0.52 per unit.

This corresponds to $2.08 per outstanding unit on an annualized basis.

This cash distribution will be paid on November 13, 2020 to all unitholders of record as of the close of business on October 30, 2020.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP.”

Forward looking statements

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
+44 7496 170 620

Country’s most affordable electric vehicle brand continues working toward building extensive dealer network ahead of vehicle distribution in late Q4.

GARLAND, Texas--(BUSINESS WIRE)--$KNDI #Automotive--Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive manufacturer, today announced the details of its nationwide distribution strategy. As part of its initial rollout, Kandi will offer market-exclusive agreements to a maximum of three dealer partners in the Dallas/Fort Worth Metroplex.

“More and more dealers are taking a hard look at the future of the industry and are actively seeking ways to evolve from the traditional franchise and independent dealer models in order to increase profit margins by minimizing overhead costs and streamlining the customer acquisition process,” said Kandi America CEO Johnny Tai. “We are proud to offer an innovative new spin on the model by taking a slimmer and safer approach through an auto-replenishment program and a no-haggle pricing policy.”

Last month, Kandi unveiled a preview of its innovative micro hub showroom design. Requiring a minimum of only 2,000 square feet, the minimalistic showroom reflects the brand’s core values by infusing tech-savvy and environmentally-friendly elements throughout the design.

Kandi’s open concept showroom is designed to showcase the company’s affordable EV models – the K23 and K27. Additionally, Kandi showrooms will feature two interactive kiosks to increase the efficiency of the sales process.

While many manufacturers require a significant amount of showroom space, overhead and inventory, Kandi America’s innovative micro hub model requires space for only one of each of its EV models and a service area, allowing inventory to be housed off-site.

“The response we’ve received from dealers since unveiling the cars in August has been phenomenal,” said Tai. “Our approach to simplifying the buying experience and building trust between manufacturer, dealership and customer is resonating strongly throughout the dealer community. So much so that we have pending agreements with dealers in markets such as San Antonio, Denver and Atlanta.”

Kandi America will partner with a limited number of dealers in each market and will ensure they have exclusive rights to the territory. Pre-orders will be fulfilled by these dealer partners when the vehicles are available in late Q4 2020.

“The decision to seek exclusive partnerships with a limited number of dealers in each market was made to benefit dealer partners. Through Kandi’s aggressive digital marketing efforts, we will not only increase brand awareness, but drive foot traffic to each of our dealer partner locations,” continued Tai.

To learn more and place a pre-order with a $100 fully refundable deposit, visit KandiAmerica.com.

Prospective dealers looking to gain additional information on how to become a Kandi America partner, including a pricing sheet which details manufacturer incentives, can visit http://dealer.kandiamerica.com.

About Kandi America

SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), doing business under the name “Kandi America.” Headquartered in Garland, Texas, Kandi America is primarily engaged in the wholesale of off-road vehicle products and distribution of electric vehicles. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. Kandi Technologies acquired SC Autosports in 2018 to be its exclusive U.S. distributor. For more information, visit www.KandiAmerica.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

Allison Burum / Beth Rose
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214-392-5545 / 214-683-3745

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully completed the re-determination of its reserve based lending credit facility (“RBL”).

During the September re-determination, the Company’s lending syndicate approved a borrowing base capacity of $1.32 billion, a reduction of $130 million from the previous drawn amount of $1.45 billion. The reduction in borrowing base capacity is primarily the result of lower oil price assumptions from those assumed at the March re-determination, due to the continuing impact of COVID-19. Repayment of the reduction in borrowing base will be made from available liquidity in the fourth quarter.

The RBL is secured against the Company’s production assets in Ghana and Equatorial Guinea with the first amortization payment scheduled for March 2022. Kosmos’ gas assets in Mauritania and Senegal remain unencumbered.

Following the RBL re-determination, the Company has approximately $0.5 billion of available liquidity as of October 1, 2020.

“We are pleased to have successfully completed the September RBL re-determination, and we thank our bank group for its continued support. With the recently announced Gulf of Mexico facility and this successful re-determination, the company has secured access to multiple sources of low cost, flexible financing. Our balance sheet is expected to be further strengthened by the proceeds of the Shell transaction this quarter and free cash generated by our low-cost production,” said Neal Shah, Chief Financial Officer.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Kosmos Energy Ltd.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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