CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today that it has received $18,557,202.89 of subscriptions (approximately 93% subscribed) for its up to $20 million rights offering. Approximately 7%, or $1,442,797.11, remains available. In order to accommodate right holders who wish to subscribe for additional units, Ampco-Pittsburgh is extending the expiration of its previously announced rights offering two business days to 5:00 PM Eastern Time on Friday, September 18, 2020 (the “Extended Expiration Time”). The rights offering was previously scheduled to expire on Wednesday, September 16, 2020.
This extension is being offered to ensure adequate time for rights holders to make their investment decision and for additional orders to be processed. All other terms and conditions of the rights offering remain unchanged.
The rights offering allows Ampco-Pittsburgh’s shareholders of record as of August 17, 2020, to purchase up to 12,800,795 units. Units consist of shares of common stock (the “Common Shares”) and Series A warrants to purchase Common Shares, which expire on August 1, 2025. The subscription price for units entitling participants in the rights offering to a whole Common Share and to receive a Series A warrant to purchase a whole Common Share was determined based on $3.50 per share. In addition, the exercise price for Series A warrants to purchase a whole Common Share has been set at $5.75 per share. The units and Series A warrants will be exercisable only for whole Common Shares.
If exercising subscription rights through a broker, dealer, custodian bank, or other nominee (including any mobile investment platform), then rights holders of record should deliver all required subscription documents and subscription payments pursuant to the instructions provided by their nominee.
If shares of common stock are held in the rights holder’s name, and subscription rights will not be exercised through a broker, dealer, custodian bank, or other nominee (including any mobile investment platform), then the subscription certificate, all other required subscription documents, and subscription payments should be sent by mail to Broadridge Corporate Issuer Solutions, Inc., the Subscription Agent, at the address below, to be received before the Extended Expiration Time. Participants should refer to the instructions included with the subscription documents for complete information regarding completing and submitting the subscription documents.
By Mail:
Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS re-Organization Dept.
P.O. Box 1317
Brentwood, NY 11717-0718
By Hand Delivery or Overnight Courier:
Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS IWS
51 Mercedes Way
Edgewood, NY 11717
For additional information on the rights offering, please reference the prospectus filed pursuant to the Corporation’s registration statement on Form S-1, as amended, which can be viewed at this link to the SEC’s Edgar website (https://www.sec.gov/edgar).
The rights offering includes an over-subscription privilege, which entitles each rights holder that exercises all its basic subscription privileges in full the right to purchase additional units that remain unsubscribed at the Extended Expiration Time. The over-subscription privileges are subject to availability and a pro-rata allocation of shares among participants. All basic subscription rights and over-subscription privileges may be exercised during the subscription period of Tuesday, August 18, 2020, through the Extended Expiration Time at 5:00 PM Eastern Time, Friday, September 18, 2020.
If a rights holder does not exercise their subscription rights before the Extended Expiration Time, such rights will be deemed expired and void and will have no value. Such rights holders will then own the same number of the Corporation’s common shares as before the commencement of the rights offering.
A copy of the prospectus and related materials were sent to holders of record on August 17, 2020. Additionally, a copy of the prospectus may be requested from, and questions relating to the rights offering may be directed to, the information agent for the rights offering, as follows:
Rights Offering Information Agent
D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, NY 10005
Telephone at (212) 269-5550 (bankers and brokers) or (800) 290-6432 (all others)
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Ampco-Pittsburgh has engaged Advisory Group Equity Services, Ltd. d/b/a RHK Capital to act as dealer-manager for the rights offering. Any broker-dealers interested in participating in the rights offering may contact This email address is being protected from spambots. You need JavaScript enabled to view it..
The Company’s registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission on August 13, 2020. The prospectus relating to and describing the terms of the rights offering has been filed with the SEC on August 17, 2020, and is available on the SEC’s website at www.sec.gov. This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on behalf of the Corporation. The information contained in this press release may include, but are not limited to, statements about undertaking the rights offering described herein, operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); new trade restrictions and regulatory burdens associated with “Brexit”; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation’s operations and strategic plan; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully in documents filed with the SEC by the Corporation, particularly in the prospectus related to the rights offering and in Item 1A, Risk Factors, in Part I of the Corporation’s latest annual report on Form 10-K, and Part II of the Corporation’s Form 10-Q for the quarter ended June 30, 2020. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
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Company Ramping Production for LaserLight Products for Automotive, Specialty Illumination, and Display Applications
GOLETA, Calif.--(BUSINESS WIRE)--SLD Laser, a world leader in commercialization of visible laser light sources, has been named one of the 2020 Best Workplaces in Manufacturing & Production by Great Place to Work and FORTUNE. SLD was honored with the #7 spot on the list of Best Small and Medium Workplaces in Manufacturing and Production. This ranking considered feedback representing over 160,000 employees working at Great Place to Work-Certified organizations in the manufacturing and production industry. Great Place to Work, a global people analytics and consulting firm, evaluated more than 60 elements of team members’ experience on the job. These included the extent to which employees trust leaders, the respect with which people are treated, the fairness of workplace decisions, and how much camaraderie there is among the team. Rankings are based on employees’ feedback and reward companies who best include all employees, no matter who they are or what they do for the organization.
“SLD Laser is a great place to work because employees’ concerns are heard and listened to. Our team members act and engage to make SLD a better place,” commented Stephen Himphayvanh, Senior Manufacturing Technician. Additionally, Dr. James Raring, SLD Laser President, COO, and Cofounder stated, “SLD is proud to be recognized for creating one of the best workplaces in the manufacturing and production industry.”
SLD launched its automotive certified LaserLightTM illumination products last year and is now ramping production with products deployed into headlights on the road globally. SLD’s white light sources are more than 10 times brighter than LEDs, enabling safe stopping distance with precise illumination patterns and minimum glare, while meeting stringent safety regulations of UL and IEC. Additionally, LaserLight modules are 1/3 the size of LED sources, saving critical space in the car, and providing unmatched design freedom for ultra-thin styling possibilities. SLD is also commercializing bright and efficient fiber light sources with 10 times the brightness of LED fiber solutions, delivering brilliant illumination from thin, low cost plug-and-play fiber optics.
SLD’s LaserLight products won the prestigious Technical Innovation Award at the 2019 LightFair International Conference, for the world’s first UL certified 1-kilometer range MicroSpot modules for portable lighting, flashlights and drones in security, police, fire, emergency, rescue, and outdoor recreation. These sources are the engine for the world’s first chip-based 40,000 lumen LaserLight spotlights, replacing legacy spotlight technology based on Xenon HID bulbs. LaserLight spotlights can deliver 10 km range, are lightweight and portable, and are ideal for entertainment & architecture, avionics and search & rescue, ports & marine lighting, as well as outdoor pole lights and stadiums.
For applications Beyond LightingTM, SLD announced earlier this year its dual emission white and infrared sources, enabling high-resolution ranging and sensing with 1% ranging accuracy. The sources provide a breakthrough solution for applications such as ADAS sensing, rangefinding, and depth sensing, replacing radar modules and enabling dramatically simplified 3D imaging and LiDAR systems. The technology can meet the sensing needs of existing cars, as well as future mobility applications including autonomous vehicles, drones, and avionics.
In addition to sensing, SLD has developed ultra-high speed LaserLight LiFi communication technology that delivers data rates of over 20 Gigabit per second, twenty times faster than 5G data transfer. The white and infrared dual emission light sources can be collimated for long range mobility applications or configured for floodlight broadcast to address large areas. The sources deliver a unique combination of ultra-high data rate and long-range broadcast to address the intense data transfer needs of emerging mobility applications such as smart cars & smart cities, and 10G fixed installations for offices, homes, healthcare facilities, and factories. SLD’s LiFi leverages the unconstrained visible light spectrum to overcome challenges of RF and Wi-Fi, while delivering data securely compared with incumbent technology.
About SLD Laser
SLD Laser is commercializing a new generation of visible laser light sources for automotive, mobility, specialty lighting, and consumer applications. The company is ISO 9001 certified and automotive compliant to IATF 16949, and operates facilities in Santa Barbara, CA and in Fremont, CA. SLD Laser’s high luminance LaserLight sources are UL and IEC safety certified, and are utilized in a myriad of applications including automotive & mobility, specialty & portable lighting, entertainment & outdoor, projection & AR/VR displays, biomedical instrumentation & therapeutics, and industrial imaging & material processing. SLD Laser was founded in 2013 by several leading global pioneers in solid-state lighting, including Dr. Shuji Nakamura, 2014 Nobel Laureate in Physics, Dr. Steve Denbaars, Dr. James Raring, and Dr. Paul Rudy. To learn more about SLD Laser, visit www.SLDlaser.com or contact the company at This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-866-SLD-LASE.
About the Best Workplaces in Manufacturing & Production
The Best Workplaces in Manufacturing & Production is one of a series of rankings by Great Place to Work and FORTUNE based on employee feedback from Great Place to Work-Certified™ organizations. Great Place to Work based its ranking on a data-driven methodology applied to anonymous Trust Index™ survey responses representing over 160,000 employees working at Great Place to Work-Certified organizations in the manufacturing and production industry. To learn more about Great Place to Work Certification and recognition on Best Workplaces lists published with FORTUNE, visit Greatplacetowork.com.
About Great Place to Work
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a Great Place to Work For All™. To learn more, visit greatplacetowork.com, listen to the podcast Better by Great Place to Work, and read “A Great Place to Work for All.” Join the community on LinkedIn, Twitter, and Instagram.
Kristen Hanna
This email address is being protected from spambots. You need JavaScript enabled to view it.
866-SLD-LASE
Tigo Enhanced aims to increase customers’ confidence in selecting an MLPE device, while ensuring a reliable and cost-effective solution.
CAMPBELL, Calif.--(BUSINESS WIRE)--#rapidshutdown--Tigo Energy, Inc. has launched a joint marketing program, called Tigo Enhanced, in conjunction with its major inverter partners to make it even easier for customers to choose Tigo's reliable module level power electronics (MLPE) for their solar PV projects.
Under the program, inverter partners that use Tigo technology will include a Tigo Enhanced logo on their specification sheets and product marketing material. The Tigo Enhanced logo creates a clear visual link between the Tigo MLPE that gets installed on the back of each PV module and the inverter that integrates Tigo’s technology - giving customers the assurance of a reliable, plug and play solution for their PV projects.
“We have the most reliable and cost-effective rapid shutdown solution available, along with the largest network of inverters that our customers can choose from,” said Zvi Alon, Chairman and CEO of Tigo. “We wanted to create a program that makes it simple for our clients to select our trusted rapid shutdown solution with the inverter of their choice.”
Customers can look for the Tigo Enhanced logo on the inverter and know that the system has been designed to work with Tigo’s MLPE that are connected to each module.
“So now, the only thing our customers need to do to benefit from the experience of the leading solution in the market is verify that the inverter they choose carries the Tigo Enhanced logo - very simple,” added Zvi.
The launch of the Tigo Enhanced program comes on the heels of Tigo introducing its latest MLPE for rapid shutdown, the TS4-A-2F. Tigo’s rapid shutdown solutions are certified as UL Photovoltaic Rapid Shutdown Systems (PVRSS) - an electrical code requirement - with hundreds of inverter types.
Across the US, every new rooftop PV installation is required - or will soon be required - to have module level rapid shutdown capability for the safety of first responders. As a result, many installers and PV system owners are looking for reliable and cost-effective ways to meet the requirements and protect their assets.
“Many people are looking into rapid shutdown solutions and MLPE for the first time. The Tigo Enhanced program is all about making it simple and straightforward for them to get a reliable solution that meets their needs,” said John Lerch, Tigo’s Global Marketing Director.
Tigo equipment is installed with PV systems on all seven continents with thousands of different inverter models that are helping produce gigawatt hours of clean energy every single day.
For questions about the program or to participate, contact Tigo Marketing at This email address is being protected from spambots. You need JavaScript enabled to view it.
About Tigo
Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semiconductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, Europe, Latin America, Japan, China, Australia, and the Middle East. Visit www.tigoenergy.com.
John Lerch
408.402.0802 x430
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SPENCER, Mass.--(BUSINESS WIRE)--Blueshift Materials, Inc. (Blueshift) is pleased to announce the deepening of our relationship with National Aeronautics and Space Administration (NASA). NASA has updated its exclusive license agreement with Blueshift for using polyimide aerogels in antenna applications in the Communications Technology Industry.
Blueshift provides a polyimide film, AeroZero, with an ultra-low dielectric constant (Dk) and loss tangent (Df) (1.45 and 0.004 respectively). The porous nature of AeroZero polyimide aerogel film (85% air) provides a low Dk/Df and lightweight design that supports demanding applications. The low thickness profile (125 micron / 5 mil) further supports the growing trend of miniaturization and decreasing footprint size. By combining NASA-developed antenna systems with Blueshift’s AeroZero polyimide aerogel film, customers are provided with incredibly thin, lightweight, and thermally insulative antenna technology.
“AeroZero was developed to meet growing market demands for high performance, low-power, low-profile and bandwidth-hungry applications,” says Garrett Poe, Executive Vice President, Technology, Blueshift. “Our exclusive license of NASA’s aerogel antenna technology allows Blueshift to provide customers with lightweight, high performance antenna solutions that can meet these needs.”
The license agreement from NASA includes multiple different frequency bands spanning an extremely wide frequency range (0.1 – 100 GHz), including VHF, UHF, X, Ku, K, Ka, V, and W bands. This exclusive license agreement provides Blueshift and NASA the opportunity to supply AeroZero polyimide aerogel film and laminates into a wide array of antenna and radome applications, including 5G, Internet-of-Things (IoT), and vehicular / automotive radar (76 – 81 GHz).
“Our team of experienced applications engineers and research scientists are trusted by our customers to collaboratively design, develop, and commercialize laminate products based on AeroZero polyimide aerogel film work in our customers’ most demanding environments,” says Lawino Kagumba, Sr. Director, Applications and Research, Blueshift. “AeroZero-based antennas and radomes provide exceptional RF performance, and we are pleased to offer this NASA technology to our customers.”
About Blueshift
Blueshift, with headquarters and operations in Spencer, Massachusetts, USA, provides best-in-class state of the art lightweight materials. Blueshift is dedicated to developing streamlined products for a growing range of applications. We closely collaborate with our customers to develop customized solutions, support innovative designs, and address application challenges. For more information, email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1-888-350-7586.
Blueshift
Danny Kamenecka
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585-683-1374
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Wednesday, October 21, 2020 to discuss the results for the third quarter ending September 30, 2020. The webcast is scheduled to begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).
To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Investor Relations
Jud Bailey
+1 281-809-9088
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Media Relations
Thomas Millas
+1 910-515-7873
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New CTO and CRO Bring Long Track Records of Building and Delivering Innovative, “Always-On” Enterprise-Class Solutions That Solve Mission-Critical Problems for Customers in Highly-Regulated Industries
HERNDON, Va.--(BUSINESS WIRE)--#CRO--Exostar, the leader in trusted, secure business collaboration in aerospace and defense, life sciences, and healthcare, today announced the hiring of Tony Farinaro as Chief Revenue Officer (CRO) and Sudeep Dharan as Chief Technology Officer (CTO).
“Both Sudeep and Tony have deep subject matter expertise and extensive experience working with customers to understand their most pressing requirements and to develop the teams and products that anticipate and address those needs,” said Richard Addi, Exostar’s President and CEO. “They will be integral to planning and implementing the roadmap of secure, ‘always-on,’ community-focused solutions that will make Exostar an even better partner for our customers.”
Farinaro’s 35-year career spans technical, business, and executive management positions at publicly-traded and privately-held firms. As CRO, he will oversee all functions directly responsible for executing the go-to-market strategy to best serve Exostar’s communities of global enterprise and small-to-medium business customers in highly-regulated industries. Farinaro joins Exostar from CollabNet (now digital.ai), where he served as Senior Vice President of Worldwide Sales and Professional Services for the collaborative software development and value stream management platform provider. Previously, he was Corporate Vice President and General Manager at Actel, Vice President of Applications and Design Systems at Gatefield, and held various engineering positions at Plessey.
“The importance and impact of secure business collaboration, while always critical, has become a top priority for the remote work environments the Government and commercial sectors must support,” Farinaro said. “As a former user of the Exostar platform, I’m well aware of its value and how it promotes efficiency and compliance while building the trust organizations demand when sharing sensitive information and intellectual property. I’m looking forward to helping the company’s customers and prospects leverage the platform to achieve their goals and objectives.”
As CTO, Dharan will lead all of Exostar’s technology initiatives, including the development and establishment of the company’s long-term technical strategy and product roadmap, as well as the fulfillment of high-velocity product delivery in the short-to-medium term to position customers for success. Over the past 30 years, he has worked at early-stage start-ups and Fortune 500 companies, running global product development and management organizations that use the latest technologies, tools, and techniques to create compelling solutions that solve complex, mission-critical challenges. Prior to Exostar, Dharan was Chief Strategy and Technology Officer at Acendre, which sells Software-as-a-Service human capital management solutions to regulated industries. There, he helped the company become one of the first to receive FedRAMP certification. Earlier in his career, he served as Senior Vice President of Product Development at Razorsight, and built high-performing software engineering teams at Netuitive, Intelliworks, Trados, Legato Systems, Informix, and Lockheed Martin.
“To be a market leader, a company needs the people, processes, and infrastructure to continuously deliver innovative, world-class enterprise-grade solutions that meet functional, performance, and compliance requirements, while also mitigating risk and offering a compelling user experience,” Dharan said. “Exostar uniquely accomplishes these objectives by working with highly-regulated industries, not for them. Together, we will develop the next-generation of Exostar products that will maintain that legacy for the betterment of our rapidly-growing global communities.”
About Exostar
Exostar’s cloud-based platforms create exclusive communities within highly-regulated industries where organizations securely collaborate, share information, and operate compliantly. Within these communities, we build trust. More than 135,000 aerospace and defense organizations and agencies in over 150 countries trust Exostar to strengthen security, reduce expenditures, raise productivity, and help them achieve their missions. Ten of the top twenty global biopharmaceutical companies rely on Exostar to help them speed new medicines and therapies to market. Exostar is a Gartner Cool Vendor. For more information, please visit www.exostar.com.
Media:
Alan Gilbert
Exostar
(703) 793-7735 (o)
(703) 624-4675 (m)
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) and the National Math and Science Initiative (NMSI) are bringing college readiness and foundational education programs to students in Permian-area schools in Midland Independent School District and Ector County Independent School District in Texas and the Carlsbad Municipal School District in New Mexico.
Two core programs will come to the Permian region, including the College Readiness Program — a comprehensive, three-year program designed to increase student participation and performance in Advanced Placement® coursework in math, science, computer science and English.
The second program, called Laying the Foundation, provides educators of 3rd through 12th grade students with hands-on training, strategies and resources to raise academic rigor and prepare students for advanced critical and creative thinking. The programs will start in the 2020-21 academic year and can be implemented in both classroom-based and virtual settings.
“ExxonMobil is one of the largest oil and gas operators in the Permian Basin, and we’ve heard from parents and educators that these programs would make a difference for their students and children,” said Bart Cahir, senior vice president of unconventional at ExxonMobil. “Through our association with the National Math and Science Initiative, we’ve been able to increase the value we bring to communities where we operate by strengthening opportunities for today’s students and generations to come.”
ExxonMobil helped launch NMSI in 2007 to improve math and science education across the United States. Schools that implement NMSI programs have been shown to improve Advanced Placement® exam performance up to five times greater than the national average and improve teacher capacity to advance student achievement at all levels. Since its founding, NMSI has helped two million students and more than 65,000 teachers.
“Proficiency in math and science is crucial to our country’s capacity for innovation and future economic growth, yet a growing number of today’s students lack foundational knowledge and skills in these subjects,” said Dr. Bernard A Harris, Jr., chief executive officer of the National Math and Science Initiative and the first Black astronaut to complete a spacewalk. “With ExxonMobil’s generous support, we’re able to continue addressing this critical gap by expanding to school districts in the Permian region.”
NMSI programs include collaboration and goal setting with partner schools, intensive teacher training and support from expert educators, student study resources, lab and classroom supplies, exam subsidies and greater access to advanced courses to broaden student participation, particularly among Black, Latino, female and military-dependent students. The nonprofit organization uses evidenced-based programming and has expanded its online training and resources to support teachers, students and families during the COVID-19 pandemic.
ExxonMobil has a long history of support for communities where it operates. Earlier this year, ExxonMobil supported the West Texas Food Bank and the Carlsbad Municipal School District to help those facing difficult economic circumstances during the COVID-19 pandemic. ExxonMobil is a founding member of the Permian Strategic Partnership, an alliance of 19 energy companies, working in partnership with community leaders to address public education, health care, housing, infrastructure and workforce development.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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About National Math and Science Initiative
Founded in 2007, the National Math and Science Initiative is a Dallas-based nonprofit with a presence in 40 states. Its mission is to advance science, technology, engineering and math education to ensure all students, especially those furthest from opportunity, thrive and reach their highest potential as problem solvers and lifelong learners. In STEM fields, this often includes Black, Latino and female students. The nonprofit organization helps develop new STEM teachers through its Teacher Pathways programs, and supports schools, teachers and students through Laying the Foundation and the College Readiness Program. Learn more at nms.org.
ExxonMobil Media Relations, (972) 940-6007
National Math and Science Initiative, (214) 346-1249
LONDON--(BUSINESS WIRE)--#covid19--The Deep Sea Freight market will register an incremental spend of about $62 billion, growing at a CAGR of 2.80% during the five-year forecast period. A targeted strategic approach to Deep Sea Freight sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
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SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Deep Sea Freight market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Deep Sea Freight market. The report also aids buyers with relevant Deep Sea Freight pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.
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About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo
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- Company will host a virtual ceremony to commemorate event -
CANTON, Ohio--(BUSINESS WIRE)--Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), a resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls in Canton, Ohio, has announced that construction on Phase II of the resort will commence on September 17, 2020, with the groundbreaking of the Constellation Center for Excellence (the “Center”). To commemorate the event, the Company will host a virtual ceremony, which can be viewed by using the link below.
Constellation Center for Excellence Groundbreaking Video
“We are very excited to continue the expansion of Phase II of the Hall of Fame Village powered by Johnson Controls with the groundbreaking of the Constellation Center for Excellence,” said Michael Crawford, President and CEO of HOFV. “The Center will be an innovative hub and interactive environment for companies and individuals to collaborate and convene in a multitude of ways to further the sport. We are building a world-class, smart, sustainable and digital facility where partners can collectively conduct research focused on helping athletes reach their full potential while making sports safer overall.”
The Constellation Center for Excellence will be a 75,000-square-foot, mixed-use facility that will include a variety of sports-centric research and programming, office space and retail pads. The types of tenants the Center will house include those that are dedicated to improving the game, player safety and the mind and body through research and technology. Constellation, an Exelon company and a leading competitive energy supplier, plans to utilize the Center to host regional energy conferences and other customer-focused events.
Mr. Crawford continued, “On behalf of our entire Company, I want to thank our partner, Constellation, for its support for this facility. We are thrilled to work alongside the Constellation team and to create an innovative center that will provide a home for some of the best technology and brightest minds in the world.”
Constellation, the official energy provider for the Hall of Fame Village powered by Johnson Controls and the Pro Football Hall of Fame, provided funding for the Center through its Efficiency Made Easy® (EME) program. EME will enable HOFV to implement energy-efficient technology at the Center and other facilities within the Hall of Fame Village campus without any upfront capital expense.
“We are very excited that construction on the Constellation Center for Excellence is underway and are eager to utilize this facility and our work with a historic organization like the Pro Football Hall of Fame to showcase our innovative and sustainable solutions to our customers and industry thought leaders,” said Mark Huston, President of Constellation’s National Retail Business. “We’re also pleased that the HOFV is leveraging our Efficiency Made Easy program to build this facility — and implement other energy conservation measures across its campus — with sustainability at the forefront.”
“Now that we have crossed the goal line as it relates to the groundbreaking on the Constellation Center for Excellence, we look forward to the next steps of the construction process, which will include bringing together our partners at Constellation, along with our construction team and Johnson Controls, to ensure we have the foundation to deliver a world-class facility that is smart and sustainable,” said Carol Smith, Senior Vice President - Special Projects for HOFV. “Upon completion, which is expected to occur late next year, the Center will be one of the top sports-specific research and programming centers in the world, and will be another reason fans are drawn to the Hall of Fame Village powered by Johnson Controls.”
In addition to the Constellation Center for Excellence, other projects slated for Phase II include the Center for Performance – an 135,000-square-foot, state-of-the-art indoor field house and training facility – an indoor, football-themed waterpark; additional youth fields; stadium expansions; two premium hotels; and a retail promenade.
About the Hall of Fame Resort & Entertainment Company
The Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus. Additional information on the Company can be found at www.HOFREco.com.
About Constellation
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider, with 2019 revenues of approximately $34 billion, and more than 31,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.
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DUBLIN--(BUSINESS WIRE)--The "India's LNG for Transport Corridor Contact Directory - 2020 Edition" report has been added to ResearchAndMarkets.com's offering.
The India LNG for Transport Corridor Contact Directory 2020 Edition provides comprehensive stakeholder coverage.
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Fortistar, Rumpke Waste & Recycling and Chesapeake Utilities Corporation Announce $33 Million Project to Address Global Climate Change
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#CNG--Fortistar, a privately-owned investment firm that addresses global challenges, and Rumpke Waste & Recycling, one of the nation’s largest privately-owned residential and commercial waste and recycling firms, announced commencement of construction of the Noble Road Landfill Renewable Natural Gas (RNG) Project, a $33 million transportation decarbonization project in Shiloh, Ohio.
The project will extract and capture waste methane from the Noble Road landfill in Ohio and transform it into Renewable Natural Gas (RNG). The RNG will be distributed through a key partner, Chesapeake Utilities Corporation affiliate Aspire Energy’s pipelines. The fuel will be dispensed in fueling stations for natural gas vehicles via Trustar Energy, a Fortistar portfolio company. Like carbon dioxide, methane is a greenhouse gas (GHG) that contributes to climate change, but is 30 times more potent as a heat-trapping gas. The Noble Road Project will capture 20,323 tons of methane emissions, the equivalent of 49,940 tons of carbon dioxide, per year and produce RNG. Instead of simply flaring or burning the methane, the naturally occurring gas will generate sustainable energy and jobs in the community. It will produce 6.9 million gallons of gasoline gallon equivalents (GGE) per year, which is enough to fuel 725 biofuel trucks—displacing diesel fuel for those vehicles—and creating approximately 35 to 40 construction jobs and three permanent green operations jobs to ensure the ongoing production of this sustainable energy source.
“We believe that this should be the future for all landfills. At Fortistar, we repurpose the captured methane in a way that benefits local communities, environments and economies,” said Mark Comora, President at Fortistar. “That’s why we’re working with major innovators like Chesapeake Utilities Corporation, Air Liquide and partnering with Rumpke, which was recognized this year by Deloitte as one of the best managed companies in the U.S.”
“Our commitment is to the communities where we operate facilities and service customers,” said Area President, Andrew Rumpke. “Partnering with Fortistar on a Renewable Natural Gas (RNG) Project at the Noble Road Landfill aligns with our mission to deliver complete service solutions that provide long-term, positive and sustainable environmental and economic impacts. This project does just that.”
“As a collaborator across the renewable natural gas development, distribution and transmission value chain, our Company is committed to investing in innovative energy solutions for our customers while lowering the carbon footprint of our system,” said Jeff Householder, President and CEO of Chesapeake Utilities Corporation. “This unique project enables us to utilize our existing natural gas gathering assets to inject RNG into our system and deliver to our customers. Because of the magnitude of this project’s benefit, once flowing, the RNG volume will represent nearly 10 percent of Aspire Energy’s entire system.”
The project includes the construction of a new state-of-the-art facility that will utilize advanced, patented technology to treat landfill gas by removing carbon dioxide and other components to purify the gas and produce pipeline quality RNG. The process includes proprietary membranes provided by Air Liquide, a multinational leading company in gases, technologies and services for industry and health and the second largest supplier of industrial gases in over 80 countries.
This Noble Road Landfill RNG Project advances an aggressive renewable fuels growth strategy at Fortistar aimed at helping businesses and public agencies dramatically reduce GHG emissions with a cost-effective and proven solution today. The project is the fourth of 12 new Fortistar RNG projects with an investment of nearly $500 million, which is expected to enter construction over the next year. When completed over the next three years, these new projects will help produce 120 million GGE of RNG and reduce U.S. transportation emissions by 2 million metric tons of CO2 annually, which is the equivalent of taking approximately 424,628 passenger cars off the road.
Rumpke Waste & Recycling was named one of the 2020 U.S. Best Managed Companies. The award, sponsored by Deloitte Private and The Wall Street Journal, recognizes the best managed private companies in the country. Additionally, Chesapeake Utilities Corporation was recently recognized as a Top Workplace in Delaware for the ninth consecutive year. Chesapeake Utilities is one of only two companies to receive this honor nine consecutive years.
About Fortistar
Founded in 1993, Fortistar is a privately-owned investment firm that successfully builds, operates and manages companies and projects that address global challenges that others viewed as too complex or uncertain. Fortistar utilizes its capital, flexibility and operating expertise to grow high-performing assets, first in independent power projects and now into other areas that support decarbonization. As a team, Fortistar has led financings raising over $3.5 billion in capital for companies and projects in the energy, transportation and industrial sectors. For more information about Fortistar or its portfolio companies, please visit: www.fortistar.com and follow the company on LinkedIn.
About Rumpke Waste and Recycling
Rumpke Waste and Recycling has been committed to keeping neighborhoods and businesses clean and green since 1932 by providing environmentally friendly waste disposal and recycling solutions. Headquartered in Colerain Township, Ohio, just outside of Cincinnati, Rumpke is one of the nation’s largest privately-owned residential and commercial waste and recycling firms, providing service to areas of Ohio, Kentucky, Indiana and West Virginia. Rumpke’s network of landfills currently includes landfill gas to energy facilities at four sites, including a landfill gas to direct pipeline facility in Cincinnati that is one of the largest of its kind in the world. Today, Rumpke provides energy for more than 30,000 homes and businesses and fuel for hundreds of garbage trucks with energy produced at its landfills. The project at the Noble Road Landfill is one of three new landfill gas to energy projects that Rumpke is launching over the next couple of years. Rumpke divisions include Rumpke Recycling, Rumpke Portable Restrooms, The William-Thomas Group, Rumpke Hydraulics, and Rumpke Haul-it-Away.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange, which is engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses. Information about Chesapeake Utilities Corporation’s businesses is available at www.chpk.com, through the Company’s Investor Relations App and on the Annual Report Microsite at cpkannualreport.com. Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
Hayley Advokat
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Investment signals a broader trend toward the use of low embodied carbon concrete in the built environment.
HALIFAX, Nova Scotia--(BUSINESS WIRE)--CarbonCure Technologies, a Canadian cleantech company that develops carbon dioxide removal (CDR) solutions for the concrete industry, today announced an investment by leading technology and property developers.
Amazon’s Climate Pledge Fund and Breakthrough Energy Ventures (BEV) co-led the investment syndicate comprising Microsoft, BDC Capital, 2150, Thistledown Capital, Taronga Ventures, and GreenSoil Investments.
The investment represents a commitment to tackling the carbon footprint of concrete, the most abundant human-made material in the world. Cement — the key ingredient that gives concrete its strength — is also one of the largest emitters of carbon dioxide in the built environment.
“This collaborative investment by technology and property development firms is a great endorsement of CarbonCure as the go-to CDR solution for the growing tech construction space and the overall shift towards low embodied carbon construction materials,” said Robert Niven, CEO and Co-Founder of CarbonCure Technologies.
“We witnessed the tech industry setting climate change trends with their adoption of renewable energy sources like wind and solar. This investment in CDR signals a broader change for public and private infrastructure projects as industries and governments turn their focus toward the reduction of embodied carbon,” said Niven.
In 2019, Amazon co-founded the Climate Pledge, a commitment to be net-zero carbon by 2040 — 10 years ahead of the Paris Agreement. Amazon’s investment in CarbonCure aligns with this commitment.
“We are excited to invest in CarbonCure, a company producing stronger, more sustainable concrete, which will help Amazon and other companies meet The Climate Pledge, a commitment to be net-zero carbon by 2040,” said Kara Hurst, Vice President of Sustainability, Amazon. “We are looking forward to lowering the carbon footprint of many of our buildings by using CarbonCure concrete, including in Amazon’s HQ2 building in Virginia.”
CarbonCure intends to use the capital investment to accelerate its product roadmap and geographical expansion in order to meet its goal of removing 500 megatonnes (500 million metric tonnes or 500 Mt) of carbon dioxide annually from the concrete industry by 2030.
“Our solutions help producers deliver low embodied carbon concrete in an efficient, non-disruptive, and profitable way,” said Niven. “The latest investment presents a wonderful opportunity for the global concrete industry to capitalize on the increasing demand for sustainable concrete.”
CarbonCure is already used by nearly 300 concrete producers to supply low embodied carbon concrete to construction projects.
“CarbonCure’s success in North America is validation that its cleantech solution benefits concrete producers from a commercial standpoint as well as a sustainability one,” said Dr. Carmichael Roberts from BEV. “BEV is delighted to co-lead this investment with Amazon so CarbonCure can accelerate its global expansion, enabling more producers around the world to deliver low embodied carbon concrete.”
Microsoft, another prominent tech company in CarbonCure’s investment syndicate, also has ambitious sustainability commitments.
“Achieving a net zero carbon future requires developing innovative new technologies to address carbon emissions across industries,” said Brandon Middaugh, Director of Microsoft’s Climate Innovation Fund. “Solutions like CarbonCure help to reduce carbon emissions from the concrete industry, which is a large producer of carbon, and help us meet our goal to be carbon negative by 2030.”
About CarbonCure
CarbonCure Technologies is the global leader in carbon removal technologies for concrete. CarbonCure’s retrofit technology enables concrete producers to use waste carbon dioxide (CO₂) to produce stronger, more sustainable concrete and gain a competitive advantage. CarbonCure is on a mission to reduce the embodied carbon footprint of the built environment, with the goal of reducing CO₂ emissions by 500 megatonnes annually. Hundreds of concrete plants around the world are producing concrete made with CO2 every day, supplying projects ranging from highways to high-rises and aquariums to airports.
Pal Hollywood
Sterling Communications
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Williams to build and lead EnCore’s operations team, as company continues transition to E&P operator
MIDLAND, Texas--(BUSINESS WIRE)--Midland-based EnCore Permian (EnCore) announced today that Ted Williams has joined the company as Partner and Chief Operating Officer (COO). Williams is responsible for building out and leading EnCore’s growing operations department, as the company makes a material transformation from a historically transactional leasehold and mineral acquisition firm, to an oil and natural gas exploration and production company. As part of this transition, EnCore will deploy its first rig in north Reeves and Culberson counties at the end of this year.
“We are at a pivotal point in our journey and excited about our future as we continue to capitalize on opportunities to successfully transition into a leading E&P operator,” said J.D. Smith, EnCore Permian Chief Executive Officer. “Ted has an extensive background in A&D, minerals, upstream exploration, and working within leadership teams to transact and grow in a fast-paced, entrepreneurial environment. We are confident that Ted’s new role as Partner and COO of EnCore will be a key component as we build on our successful track record and execute on powerful strategic initiatives in one of the leading oil and gas development regions in the U.S., the Permian Basin.”
“I am thrilled to have partnered with EnCore and joined their leadership team,” said Williams. “I look forward to continuing to expand upon EnCore’s proven track record of success, assembling a best-in-class operations team to position us as a premier E&P partner in the Delaware and Midland basins, and beyond.”
Founded in 2017 by J.D. Smith and Josh Lorenz as a successor to PetroLima, LLC, EnCore began as a leasehold and mineral acquisition firm investing more than $200 million in the purchase of over 33,000 acres across 100 deals. The company has quickly grown and transitioned those strategies into an upstream exploration and production company. EnCore currently has approximately 10,000 acres of horizontal drill-ready assets in the Midland and Delaware Basins. To support this anticipated drilling activity, Williams has begun building out the company’s operations team, most recently adding Davis Walker as Vice President of Exploration and Tyler Thomason as Vice President of Operations.
"We are especially pleased to have Davis Walker and Tyler Thomason round out our operations team with Ted. We see these additions as analogous to the 1990 Dallas Cowboys trifecta of Aikman, Irvin and Smith; we are on track to win some championships," said Smith.
About Ted Williams
Williams has a long and demonstrated history in the energy industry. While a significant portion of his background is in energy finance, Williams most recently served in executive officer roles in partnership with Luxe Energy and Luxe Minerals. As President of Luxe Minerals, Williams grew the company to a core 15,000 net royalty acres in the Permian Basin. Upon his departure, Luxe Minerals had material cash flow and a healthy balance sheet. Williams also served as Vice President of Business Development for Luxe Energy, where he was integral in establishing the company’s operated position, creating drilling capital financing, negotiating commercial contracts, managing relationships with potential buyers, and managing banking relationships. Ultimately, Williams helped Luxe Energy become a 35,000 net acre Delaware basin company producing 25,000 net barrels of oil equivalent per day from 33 horizontal wells with another strong balance sheet. More information about Williams’ professional background can be found here.
About EnCore Permian:
Founded in 2017, EnCore Permian is an oil and gas exploration and production company primarily focused in the Permian Basin region of West Texas and southern New Mexico. Currently, EnCore Permian has operated assets, non-operated assets, and mineral interests in both the Midland and Delaware Basins. EnCore is headquartered in Midland, Texas, with the Operations department located in Austin.
Meredith Hargrove Howard
Redbird Communications Group
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LAUSANNE, Switzerland--(BUSINESS WIRE)--Akselos and Engineering Services provider, COSMI Group, have signed a three-year Memorandum of Understanding (MoU) to bring Akselos’ breakthrough Digital Twin technology to the Italian market.
The emerging technology is being used in offshore industries to enhance safety, reduce maintenance and operating costs and support asset life extension. Coupled with sensors, the structural simulation technology gives asset operators a clear understanding of the condition of large and complex assets in near real-time and offers insights into future condition to improve inspection, maintenance and repair.
Giorgio Zuffa CEO from COSMI said: “The partnership with Akselos aligns with our commitment to bring our customers the most cutting-edge technologies on the market. The energy transition is driving a digital world where operators will use innovative tools to monitor the structural performance of assets in real time, providing information that will allow maintenance teams to optimize processes and resources. The synergy with Akselos will allow us to strengthen our offering across all our operational management and engineering services. The repurposing of existing infrastructure into less polluting or better performing plants, will require a deep evaluation of structural integrity to extend life safely and efficiently.”
Combined with COSMI’s engineering and asset management capabilities, Akselos’ next-generation Digital Twins will create a unique offering to customers in all of COSMI’s core industries, with onshore and offshore assets in the LNG, oil and gas and renewable industries an initial focus.
John Bell, Akselos SVP said: “COSMI is a highly-regarded technical player in Italy and this MoU is testament to their forward thinking approach to digitalisation. We intentionally seek out partners whose approach to breakthrough technology is aligned with our own, and we look forward to learning from COSMI as we work together to transform energy, carbon capture and heavy industries in Italy.”
COSMI has been serving energy industries worldwide for over 40 years, with services ranging from engineering, procurement, installation and construction to maintenance and logistics. The COSMI Group is currently active in Italy, Eastern Europe, North and South Africa.
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MONHEIM AM RHEIN, Germany--(BUSINESS WIRE)--OQ Chemicals (formerly Oxea) has entered into an agreement to license its advanced proprietary technology for the production of ethylene and propylene derivatives to Duqm Refinery and Petrochemicals Industries Company (DRPIC) in Oman. DRPIC, a joint venture between Oman Oil Company and Kuwait International Oil Company, is a planned grassroots petrochemical complex at Duqm, Oman. In all, DRPIC awarded twelve license packages to international licensors.
“DRPIC is proud to have reached a major milestone with the conclusion of Front-End Engineering Design. We selected OQ Chemicals in a competitive global bidding process. As an international know-how leader, they convinced us with an excellent long-term solution to the challenge of integrating different production technologies and efficient operation of the new plants. This will support DRPIC to better serve the growing demand in Asia-Pacific,” commented Dr. Salim Al Huthaili, CEO of DRPIC.
OQ Chemicals has now entered into the design phase for five world-scale production units for the manufacturing of propanol, butyraldehyde, neopentyl glycol (NPG), 2-Ethylhexanol (2EH), and 2EH acid. The company will supply a process design package and support contractors during the design and construction phase. After commissioning the new units, OQ Chemicals will provide various services, including support for operations, maintenance, troubleshooting, training, and ongoing process optimization at Duqm.
“At OQ Chemicals, we are pleased to provide our advanced, proven technology and know-how to DRPIC to contribute to the company’s growth and the further development of the region,” said Markus Heuwes, Project Director at OQ Chemicals. “We have a long-standing track record with our proprietary oxo technology and can draw on the extensive expertise of our experienced teams from engineering, construction, and operations. For the Duqm Petrochemical Project, we are applying the latest technologies that we developed for our production plants in Bay City, Texas, and Oberhausen, Germany,” Oliver Borgmeier, COO of OQ Chemicals, added.
About OQ Chemicals
OQ Chemicals, formerly Oxea, is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavours and fragrances, printing inks and plastics. More information is available at chemicals.oq.com.
OQ Chemicals is part of OQ, an integrated energy company that delivers sustainability and business excellence. OQ operates in 16 countries and covers the entire value chain from exploration and production to the marketing and distribution of its products.
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DUBLIN--(BUSINESS WIRE)--The "Global Oilfield Traveling Blocks Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The report on the oilfield traveling blocks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising investments in upstream oil and gas sector and discovery of new oil and gas resources. In addition, rising investments in upstream oil and gas sector is anticipated to boost the growth of the market as well.
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilfield traveling blocks market vendors that include Akastor ASA, Alco Inc., American Block Inc., Bentec GmbH Drilling and Oilfield Systems, Lee C. Moore, A Woolslayer Co., National Oilwell Varco Inc., Prospering International Inc., Sunnda Corp., The Crosby Group LLC, and Yantai Jereh Oilfield Services Group Co. Ltd.
Also, the oilfield traveling blocks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/teaihc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Project Will Implement Advanced Video and Radar Detection Systems to Improve Traffic Flow and Safety Across Major Intersections in the Southern California City
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $1.1 million contract by the City of Moreno Valley to supply Iteris’ Vantage Vector® hybrid video and radar detection systems throughout the Southern California city.
With the Vantage Vector hybrid detection system – an all-in-one detection sensor that combines video and radar for stop-bar and advanced zone detection – the City of Moreno Valley will be able to differentiate between vehicles, bicyclists and pedestrians, helping traffic to flow more efficiently and improving safety for all road users, while saving the city money and unnecessary construction by eliminating the need for in-ground hardware. The Vantage Vector detection system also provides robust data for smart mobility applications, automated traffic signal performance measures (ATSPM) software, and adaptive traffic control systems.
In addition to its multimodal detection and differentiation capabilities, the Vantage Vector system integrates video detection with high-precision radar sensing technology to provide total coverage of the dilemma zone – the point at which a driver approaching a yellow signal has to make a split-second decision to either unsafely stop and risk a rear-end collision or proceed to cross the intersection, potentially running a red light and risking a right-angle crash. Vantage Vector’s advanced dilemma zone detection capabilities mitigate these risks by either extending a signal phase to give drivers more time to react or enabling an all-red phase to avoid collisions while crossing the intersection.
The Vantage Vector detection system is a key component of Iteris’ ClearMobility™ Platform – the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
“Iteris offered the best combination of features and value, and our maintenance staff finds the units easy to operate and maintain,” said John Kerenyi, acting city traffic engineer at the City of Moreno Valley. “The new systems will have an immediate safety impact, will advance our goal to support all users and will help maintain better detection in the long term, especially during construction jobs.”
“We are pleased to be able to support the City of Moreno Valley’s goal of improving safety and mobility for the city’s vehicles, cyclists and pedestrians, while maximizing efficiency throughout its transportation network,” said Mark Nogaki, vice president, sales and customer success, Roadway Sensors at Iteris. “This new contract, which is testament to the spirit of innovation at the City of Moreno Valley, demonstrates increasing demand for Iteris’ leading solutions for the smart mobility infrastructure management market and underscores the city’s commitment to a technology framework that will serve the community for decades to come.”
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the capabilities, benefits and impacts of our products and solutions. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to provide our products and solutions in a cost-efficient basis; government funding and budgetary issues and timing; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
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LONDON--(BUSINESS WIRE)--#energysector--As the demand for low-carbon economies increases, the US has established itself as one of the world’s most attractive markets in the energy sector. However, to successfully grow with the market, companies need to identify and adapt to the upcoming trends that will influence change in the US energy sector. Additionally, companies need to identify hidden opportunities in the market and keep a close watch on industry updates to succeed in the long-run. Infiniti’s market trend analysis engagement enables companies to identify and prepare for current and upcoming trends in the market.
To leverage Infiniti’s expertise in identifying and strategizing for the upcoming market trends and ideal market opportunities in the US energy sector, request a free proposal.
“The United States is a leader in the production, supply, and consumption of energy. To meet the current energy transition, companies will need to adapt to the trends that will shape the energy sector in the coming years,” says an energy sector expert at Infiniti Research.
Business Challenge:
The client, an energy company based out of the United States, sought to carry out a market trend analysis to stay informed about current and long-term forecasts of the market. The company produces electricity from clean energy sources, including wind, solar, hydropower, geothermal, and nuclear power. The energy sector client wanted to gain a clear perspective of current energy trends, identify energy resources utilized by leading US-based companies, and evaluate factors influencing customers’ decisions. Therefore, they chose to leverage Infiniti’s market trend analysis engagement. Additionally, within the five-week engagement, the energy sector client also sought to identify cost-effective technologies to prevent costly outages and identify digital technologies gaining popularity in the US energy sector.
Our Approach:
Infiniti’s trend analysis experts developed a comprehensive three-phased approach to assist the energy sector client. The approach included the following:
Business Outcome:
By leveraging Infiniti’s market trend analysis engagement, the energy sector client successfully adapted to market trends and identified the factors that affected their profit margins. Additionally, by investing in cost-effective technologies like smart grids, they prevented costly outages and reduced energy waste. With the insights of the experts, the client also successfully identified and adopted digital technologies gaining popularity in the US energy sector.
Additionally, the energy sector client was able to:
Speak to industry experts to gain in-depth insights into the importance of a market trend analysis engagement in a market as dynamic and competitive as the US energy sector.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
Infiniti Research
Anirban Choudhury
Marketing Manager
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Former Union Pacific CFO brings public company and transportation experience
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Inc. (Hyliion), a leader in electrified powertrain solutions for Class 8 commercial vehicles that has entered into a business combination agreement to merge with Tortoise Acquisition Corp. (TortoiseCorp) (NYSE: SHLL), today announced that Robert M. Knight Jr. will join the board of directors of the combined company upon the closing of the merger. Knight’s appointment is subject to TortoiseCorp shareholder approval.
Knight served as the chief financial officer of Union Pacific Corporation (NYSE: UNP), a transportation company that primarily operates one of the largest railroads in North America, from 2004 until his retirement in 2019. During that period, he was ranked as the Best CFO in the buy-side category of combined airfreight and surface transportation by Institutional Investor for the sixth consecutive year in its 2019 All-American Executive Team list.
“Rob Knight is well known and highly regarded as a top CFO in the transportation sector and we feel privileged that he has agreed to join our board,” said Thomas Healy, CEO and founder of Hyliion. “He brings decades of public company experience, and his knowledge of strategy development and finance in the transportation industry will be of immense benefit to Hyliion.”
Knight will serve as the chair of the audit committee. His appointment will bring the combined entity’s board to a total of seven members.
“Having spent my career in transportation, I share Hyliion’s vision for developing renewable natural gas-powered solutions and believe in the commercial potential of electrified powertrains,” Knight said. “I am delighted to be part of the company’s future.”
Upon the closing of Hyliion’s business combination with TortoiseCorp, Knight will join the other proposed members: Thomas Healy, CEO of Hyliion; Vince Cubbage, managing director at Tortoise Capital Advisors and CEO and chairman of TortoiseCorp; Stephen Pang, managing director and portfolio manager at Tortoise Capital Advisors and director of TortoiseCorp; Ed Olkkola, managing director at Teakwood Capital; Howard Jenkins, former chairman and CEO of Publix Super Markets; and Andrew H. Card Jr., former White House chief of staff and U.S. secretary of transportation.
Knight also serves as a director of Schneider National, Inc. (NYSE: SNDR), a transportation and logistics company, and Carrix, Inc., a privately held marine terminal and rail operator company. He joined Union Pacific in 1980 and held numerous leadership positions in the company prior to being named its CFO. He holds a bachelor’s degree in business administration from Kansas State University and a master’s degree in business administration from Southern Illinois University.
For more information on Hyliion, visit www.hyliion.com.
About Hyliion
Headquartered in Austin, Texas, Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being the leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. It designs, develops and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial vehicles, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding TortoiseCorp’s proposed acquisition of Hyliion, TortoiseCorp’s ability to consummate the transaction and the combined company’s strategy, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, TortoiseCorp and Hyliion disclaim any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. TortoiseCorp and Hyliion caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of TortoiseCorp and Hyliion. In addition, TortoiseCorp cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against TortoiseCorp or Hyliion; (iii) the inability to complete the business combination due to the failure to obtain approval of the shareholders of TortoiseCorp, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts TortoiseCorp’s or Hyliion’s current plans and operations; (v) Hyliion’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Hyliion to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) changes in applicable laws or regulations; and (viii) the possibility that Hyliion may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in TortoiseCorp’s periodic filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. TortoiseCorp’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
For Hyliion:
Danielle South
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512-662-7078
For Tortoise Acquisition Corp:
Deborah Kostroun
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201-403-8185
FOR INVESTORS
Bob Gujavarty
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