SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to enhance focus on safety, security, and operational performance, PG&E today announced the appointment of five Regional Vice Presidents and the appointment of Jerry L. Davis as Vice President and Chief Information Security Officer.
Regional Vice Presidents
The announcement of the regional leaders marks a milestone in PG&E's plan to move to a regional service model, as outlined in its Chapter 11 Plan of Reorganization and its Updated Regionalization Proposal filed February 26, 2021, with the California Public Utilities Commission. PG&E had committed to appoint a regional leadership team by June 1, 2021.
"We have assembled a strong and experienced group of leaders who will live and work in the communities they serve. This will position them to better understand and address the challenges unique to their regions. In doing so, they will have the full support of PG&E's executive leadership and the functional expertise of our 25,000 coworkers. I know they're eager to settle in and get to work, and I'm excited to welcome them to the team," said PG&E Corporation Chief Executive Officer Patti Poppe.
The Regional Vice Presidents are:
Teresa Alvarado, Vice President, South Bay & Central Coast Region: Ms. Alvarado has 20 years of executive experience in the energy and water sectors and has held civic leadership roles focused on environmental justice and equity. She currently chairs the California Water Commission, which provides a public forum for discussing water issues, advises the Director of the Department of Water Resources, and approves rules and regulations. Previously, she was Chief of Local Impact for the San Francisco Bay Area Planning & Urban Research Association, where she led a team responsible for implementing effective and equitable policy and planning solutions in San Francisco, San Jose, and Oakland. Before that, she was Deputy Administrative Officer for the Santa Clara Valley Water District. Earlier in her career, she served as the founding Executive Director of the Hispanic Foundation of Silicon Valley, and worked as a Charitable Contributions Program Manager and Government Relations Representative for PG&E.
Aaron J. Johnson, Vice President, Bay Area Region. Mr. Johnson has been with PG&E for 12 years, most recently as Vice President, Wildfire Safety & Public Engagement, with responsibility for improving operational practices and situational awareness to mitigate wildfire risk and leading strategic planning for rebuilding infrastructure damaged by wildfires. Previously, he was Vice President, Customer Energy Solutions, overseeing customer and clean energy programs, including customer and technology research; program design, launch and process improvement; and assessment and integration of third-party services markets. Earlier, he was Director, Renewable Energy Procurement, shaping policy and commercial strategy for wholesale procurement to meet ambitious renewable portfolio standard targets, and led solar and wind resource development. Before joining PG&E, he served the California Public Utilities Commission as a consumer advocate, policy advisor, and regulatory analyst.
Ronald P. Richardson, Vice President, North Coast Region: Mr. Richardson joined PG&E more than 20 years ago as a utility worker and apprentice lineman, and steadily progressed through a variety of leadership roles to his current position as Senior Director of Transmission Substation Maintenance & Construction. In this role, he held responsibility for the timely repair and maintenance of transmission and substation assets; supporting efforts to reduce wildfire risk and reducing the footprint of Public Safety Power Shutoffs; and driving the delivery of the Transmission Substation Maintenance & Construction workplan. Previously, Mr. Richardson was Director, North Coast, Field Operations region, which included Humboldt, Sonoma and North Bay. Throughout his career with PG&E, he has focused on field operations, overseeing service delivery, safety inspections, maintenance and construction work, and engaging with customers to resolve escalated issues.
Joshua M. Simes, Vice President, Central Valley Region: Mr. Simes comes to PG&E from Comcast, where he spent more than two decades in field operations leadership roles. Most recently, he held the position of Vice President, Field Operations, South Valley, California, where he was responsible for all field operational activity for Comcast’s South Valley Region and led a team of more than 300 members serving more than 800,000 video, internet, digital voice, home security and commercial customers. Mr. Simes initially joined Comcast as an installation technician and was subsequently promoted to a series of supervisory and leadership positions, including Field Operations Supervisor, Field Operations Manager, and Director of Field Operations. He has served as a member of the California Comcast Diversity and Inclusion Council and as an executive sponsor for the Young Professional Network.
Joe Wilson, Vice President, North Valley & Sierra Region: Mr. Wilson joined PG&E in 2012 and currently serves as Director, Community Rebuild and Resiliency Program. In this role, he has led financial planning, engineering, customer strategy, stakeholder engagement, and construction for the regional rebuilding program in Butte County, which was created in response to the impact of the Camp Fire in late 2018. Previously, he was the Regional Local Public Affairs Manager based in Sacramento, where he headed emergency response coordination with state and local agencies during wildfires, floods, and storms, and served as Liaison Officer during the North Bay, Carr, Camp Fire. He joined PG&E as a Senior Government Relations Representative in the Northern Sacramento Valley and Sierra Region after working with public utilities in Plumas County and Indian Valley. He has been active as a volunteer for civic and community organizations focused on employment, education, and economic development.
The Regional Vice Presidents will report to Marlene Santos, Executive Vice President and Chief Customer Officer, and will be accountable for delivering high-quality performance and for ensuring the safety, availability, and reliability of regional operations. These leaders will be based in their assigned regions, enabling them to stay closely connected with local customers, business organizations, local counties and cities, and other community groups and be responsive to their concerns. Each Regional Vice President will be supported by a local team that will include a Regional Safety Director charged with monitoring and improving safety performance across their assigned regions and partnering with functional leaders to ensure consistency across the company. All Regional Vice Presidents are scheduled to assume their new roles effective June 1, with the exception of Mr. Simes, who starts July 6.
To ensure a diverse slate of candidates for these new positions, PG&E performed a competitive national search, considering both internal and external candidates. The individuals selected were identified as the best qualified based on their skills, experiences, and leadership capabilities, including a deep understanding of utility operations and demonstrated success in building strong relationships with customers and communities.
Jerry L. Davis Joins PG&E as Vice President and Chief Information Security Officer
As Vice President and Chief Information Security Officer of the Utility, Mr. Davis will report to Ajay Waghray, PG&E's Senior Vice President and Chief Information Officer, effective June 7. In this position, he will lead a team responsible for overseeing and maintaining enterprise technology security to ensure that PG&E's technology assets are adequately protected.
Before joining PG&E, Mr. Davis founded Gryphon X, LLC, a technology risk advisory firm, where he counseled corporate clients on strategic cybersecurity problem solving and cybersecurity readiness and served as a retained expert witness on cybersecurity matters. Prior to establishing his consulting firm, Mr. Davis served for more than 20 years in executive-level roles in physical, personnel, and cyber security. He was Vice President and Global Chief Security Officer for a global semiconductor equipment manufacturing company and served as Chief Information Officer for the NASA Ames Research Center in Silicon Valley. Previously, Mr. Davis was the Chief Information Security Officer for the U.S. Department of Education; before that, he was the Deputy Assistant Security for Cybersecurity for the U.S. Department of Veterans Affairs.
"I am thrilled that Jerry is joining our team. Jerry is a proven leader in his field and brings a great depth of experience and technical expertise to this critical role. Under his leadership, we will enhance the security of our infrastructure and information systems and continue to build a world-class IT function," said Ms. Poppe.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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New 8.2mm Creepage IGBT Drivers and IPM Driver Reduce PCB Mounting Area by 35 Percent to Maximize Board Space
TOKYO--(BUSINESS WIRE)--#IBM--Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today expanded its family of 8.2mm creepage photocouplers with three new devices designed for operation in harsh industrial automation equipment, solar inverter, and EV charger operating environments. Measuring a mere 2.5mm x 2.1mm in an LSSO5 package, the world’s smallest optical isolated IGBT drivers and intelligent power module (IPM) driver reduce PCB mounting areas by up to 35 percent compared with other devices on the market.
“Industrial equipment and green energy system manufacturers are currently facing two core challenges: Equipment needs to get smaller, requiring downsizing for factory floor efficiency and higher functionality equipment within the same board size, while at the same time, safety standards are getting stricter,” said Philip Chesley, Vice President, Industrial and Communications Business Division at Renesas. “Our expanded portfolio of small isolation devices offers customers greater layout flexibility with more options to enable longer secured creepage distance for high-voltage inverter control applications.”
The new RV1S9231A 2.5A output and RV1S9207A 0.6A output IGBT drivers and RV1S9209A active high output IPM driver come in low-profile LSSO5 packages with a 0.65mm pin pitch, deliver 5,000 Vrms isolation voltage, and support high temperature operation up to 125°C to withstand the harsh operating environments. The photocoupler trio also supports 200V and 400V systems with reinforced insulation to meet stringent industrial safety standards, adhering to the strict UL61800-5-1 standards for motor drive equipment.
Renesas has identified and created a system architecture for various applications where the RV1S92xxA family of products adds tangible value in the system. For instance, a new AC Drives / GP Inverters “Winning Combination” featuring the RV1S92xxA family of products enables customers to downsize their industrial equipment and inverter systems that meet UL61800-5-1 standard. Renesas’ Winning Combinations are vetted system architectures made from mutually compatible devices that work together seamlessly. Renesas offers over 200 Winning Combinations for a wide range of applications and end products which can be found at renesas.com/win.
Availability
The RV1S9209A, RV1S9231A, and RV1S9207A photocouplers are available now from Renesas’ worldwide distributors. For more information on the broad optoelectronic portfolio, please visit: renesas.com/photocouplers.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, Infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
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NEW YORK--(BUSINESS WIRE)--Artius Acquisition Inc. (“Artius”) (Nasdaq: AACQU, AACQ, AACQW) announced today that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective its Registration Statement on Form S-4 (as amended, the “Registration Statement”), filed in connection with the previously announced proposed business combination with Origin Materials, Inc. (“Origin Materials”).
An extraordinary general meeting of Artius shareholders to approve, among other things, the proposed business combination will be held at the offices of Cleary Gottlieb Steen & Hamilton LLP, located at One Liberty Plaza, New York, NY 10006 and in virtual format at https://www.cstproxy.com/artiusacquisition/sm2021 on June 23, 2021 at 10:00 a.m. Eastern Time. Artius also announced today that it has filed with the SEC a definitive proxy statement/prospectus relating to the extraordinary general meeting and expects to commence mailing to its shareholders of record as of the close of business on May 19, 2021 (the “Record Date”) on or about June 1, 2021.
“We are excited to reach this important step in the transaction process, and with the approval from Artius shareholders, look forward to successfully completing the proposed business combination with Origin Materials as the company scales its disruptive platform technology and decarbonizes the materials industry supply chain,” said Boon Sim, Co-Founder and Chief Executive Officer of Artius.
Rich Riley, Co-Chief Executive Officer of Origin Materials added, “Our mission is to provide carbon-negative material solutions in a world fast transitioning to net zero carbon. We have made significant commercial progress since announcing the transaction with Artius, entering new markets and geographies, with our customer demand nearly doubling to $1.9 billion, comprised of offtake agreements (including customer options) and capacity reservations. With the capital raised, we expect to scale up to begin to meet the estimated $1 trillion addressable market that is at the early stages of transitioning from petroleum feedstocks to non-food, renewable feedstocks.”
Artius Shareholder Vote
Shareholders who own shares of Artius as of the Record Date should submit their vote promptly and no later than 11:59 p.m. Eastern Time on June 22, 2021. Artius shareholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the extraordinary general meeting may contact Artius’s proxy solicitor, Morrow Sodali LLC, by telephone at (800) 662-5200 or (203) 658-9400 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
The proxy statement/prospectus is also available on Artius’s website at https://www.cstproxy.com/artiusacquisition/sm2021/smproxy, as well as www.sec.gov. Artius shareholders are encouraged to read the definitive proxy statement/prospectus as it contains important information about the proposed transaction, including, among other things, the reasons for Artius’s board of directors’ unanimous recommendation that the shareholders of Artius vote “FOR” the proposed business combination and the other shareholder proposals set forth in the proxy statement/prospectus as well as the background of the process that led to the proposed business combination with Origin Materials. The proposed business combination is expected to close on or about June 24, 2021, subject to receipt of Artius shareholder approval and satisfaction of other customary closing conditions. Following completion of the proposed business combination, Origin Materials will retain its experienced management team. John Bissell and Rich Riley will continue to serve as Co-CEOs and Nate Whaley will continue to serve as CFO. Kathleen B. Fish, former Chief Research, Development and Innovation Officer of Procter & Gamble, Benno O. Dorer, former CEO and Chairman of the Clorox Company, and Pia Heidenmark Cook, Chief Sustainability Officer at Ingka Group (IKEA), will join John Bissell, Rich Riley, Boon Sim, Charles Drucker, Karen Richardson, and William Harvey on Origin Materials’ board of directors.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the world’s leading carbon negative materials company. Origin Materials’ mission is to enable the world’s transition to sustainable materials. Over the past 10 years, Origin Materials has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. Origin Materials’ patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors. Origin Materials’ first commercial plant is expected to be operational by the end of 2022 with a second commercial plant expected to be operational in 2025 and plans for additional expansion over the next decade.
About Artius Acquisition Corp.
Artius is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Artius was co-founded by Charles Drucker, the former CEO of WorldPay, Inc., a leading payments company, and its predecessor company, Vantiv. Inc., and Boon Sim, the Founder and Managing Partner of Artius Capital Partners LLC. For more information, visit https://www.artiuscapital.com/acquisition.
Additional Information About the Proposed Business Combination and Where to Find It
In connection with the proposed business combination transaction, Artius filed the Registration Statement, which includes a proxy statement to be distributed to holders of Artius’s ordinary shares in connection with Artius’s solicitation of proxies for the vote by Artius’s shareholders with respect to the proposed transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Artius’s shareholders and Origin Materials’ stockholders in connection with the proposed transaction. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Artius, Origin Materials and the proposed transaction. The documents relating to the proposed transaction can be obtained free of charge from the SEC’s website at www.sec.gov. Free copies of these documents may also be obtained from Artius by directing a request to: Artius Management LLC, 3 Columbus Circle, Suite 2215, New York, New York 10019.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including with respect to the proposed transaction between Origin Materials and Artius. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy, estimated total addressable market, commercial and operating plans, product development plans and projected financial information. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Origin Materials and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Origin Materials and Artius. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may be unable to successfully commercialize its products; the effects of competition on Origin Materials’ business; the uncertainty of the projected financial information with respect to Origin Materials; disruptions and other impacts to Origin Materials’ business as a result of the COVID-19 pandemic and other global health or economic crises; changes in customer demand; Origin Materials and Artius may be unable to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals may not obtained, may be delayed or may be subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination, or that the approval of the shareholders of Artius or stockholders of Origin Materials may not be obtained; failure to realize the anticipated benefits of the business combination; the amount of redemption requests made by Artius’s shareholders, and those factors discussed in the Registration Statement under the heading “Risk Factors,” and other documents Artius has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Artius and Origin Materials presently do not know, or that Artius and Origin Materials currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Artius’s and Origin Materials’ expectations, plans, or forecasts of future events and views as of the date of this press release. Artius and Origin Materials anticipate that subsequent events and developments will cause its assessments to change. However, while Artius and Origin Materials may elect to update these forward-looking statements at some point in the future, Artius and Origin Materials specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Artius’s and Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Participants in the Solicitation
Artius, Origin Materials and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from Artius’s shareholders in connection with the proposed business combination. Information about Artius’s directors and executive officers and their ownership of Artius’s securities is set forth in the Registration Statement described above. Additional information regarding the interests of those persons who may be deemed participants in the solicitation of proxies in connection with the proposed transaction is set forth in the definitive proxy statement/prospectus.
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NEW YORK--(BUSINESS WIRE)--Blade Urban Air Mobility, Inc. (“Blade” or the “Company”), a technology-powered urban air mobility platform, today announced an alliance whereby magniX USA Inc. (“magniX”), a leading manufacturer in electric aviation, will supply its Electric Propulsion Units (“EPU”) to Lima NY Corp. (“Lima”), one of Blade’s largest aircraft operating partners, for the conversion of Lima’s Blade-branded fleet of amphibious Cessna Caravans to all-electric aircraft starting in early 2023, subject to certain conditions.
Blade is the exclusive platform for Lima flights offered to the public. Key routes include flights between the Blade Aqua Lounge at the East 23rd Street seaplane base in New York City, the eastern end of Long Island, New York, and the Blade Terminal in Nantucket, Massachusetts.
Based on current estimates, the all-electric Caravans will operate emission-free at the same speed as the current generation turbine Caravans, with a significantly reduced noise footprint and lower operating costs.
As part of the alliance, Lima will be the exclusive owner in the northeast United States of the supplemental type certificate (“STC”) for the conversion of the Caravan’s current generation turbine engine to the magniX EPU.
Blade President Melissa Tomkiel said, “Amphibious seaplane service has always been an essential part of our urban air mobility strategy, given the aircraft’s unique ability to access city centers through conveniently located waterways, such as Manhattan’s East River, as well as traditional airports. The electrification of our accessible fleet of Blade-branded aircraft, made possible through our alliance with magniX and Lima, one of our key operating partners, will further accelerate our transition to quiet, emission-free flight, allowing us to reduce the environmental and sound impact in and around the communities where we fly.”
“Partnering with Blade and Lima to bring electric aviation to one of the largest cities, and highly populated regions in the United States, is an incredible proof point to the value of offering communities zero emissions, reduced noise, and lower operating costs,” said magniX CEO Roei Ganzarski. “With electric propulsion as our cornerstone, magniX continues to build toward the new electric age of aviation.”
Blade’s alliance with magniX and Lima comes on the heels of a recent agreement for Blade to secure up to 20 BETA Technologies’ ALIA Electric Vertical Aircraft (“EVA”) on behalf of Blade’s network of operators with scheduled delivery beginning in late 2024, and arrangements for Wisk Aero LLC, a joint venture between Boeing and Larry Page-backed Kitty Hawk, to own, operate and maintain up to 30 EVA for exclusive use across Blade’s U.S. route network.
The alliance among Blade, magniX, and Lima described in this press release is subject to the Federal Aviation Administration’s anticipated approval of the STC and the parties entering into further agreements.
About Blade
Blade is a technology-powered urban air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, Blade predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft (“EVA” or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free.
For more information, visit https://ir.blade.com/.
About magniX
Headquartered in Everett, WA, magniX is on a mission to lead the commercial aerospace and defense industries by providing high performance, reliable and environmentally friendly propulsion solutions. Developed with proprietary technology, magniX offers a range of revolutionary electric propulsion solutions, including motors and power electronics, which produce zero emissions at lower operating costs. For more information, please visit: www.magnix.aero.
About Lima
Lima NY Corp. d/b/a Fly The Whale is a US Part 135 Scheduled Air Carrier founded in 2008. Lima operates state of the art Cessna Caravan C208EX Amphibians, wheeled Cessna Caravan C208EXs, and Sikorsky S76C++ helicopters from bases in Farmingdale, NY, and New Haven, CT. In New Haven, Lima has built a first-class seaplane facility to provide a home for the largest seaplane fleet in the Northeast supported by a highly experienced team of pilots, mechanics, and support personnel. Lima is one of the very few air carriers to offer all three modes of air transportation: traditional land, sea, and vertical lift.
Forward Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the alliance among Blade, magniX, and Lima described in this press release, as well as the failure by the parties to execute definitive agreements with respect to the alliance; (2) the failure of any party to satisfy relevant terms and conditions; (3) the inability to meet contemplated specifications or achieve anticipated cost savings; (4) changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions; (5) the possibility that Blade may be adversely affected by other economic, business, regulatory and/or competitive factors; and (6) the impact of COVID-19 on Blade’s business and/or the ability of the parties to complete the transactions.
New risks and uncertainties arise from time to time, and it is impossible for Blade to predict these events or how they may affect Blade or the transactions described in this press release. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
Press
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, July 20, 2021, to discuss its second quarter 2021 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).
The Company will issue a press release regarding the second quarter 2021 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
Please visit the website to listen to the call via live webcast. You may also participate in the call by dialing (844) 358-9181 within North America or +1 (478) 219-0188 outside of North America. A passcode is not required. Attendees should log in to the webcast or dial in approximately 15 minutes prior to the start of the call.
A replay of the conference call will be available on Halliburton’s website until July 27, 2021. Also, a replay may be accessed by telephone at (855) 859-2056 within North America or +1 (404) 537-3406 outside of North America, using the passcode 9429544.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
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SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it will participate in the Stifel 2021 Virtual Cross Sector Insight Investor Conference on Tuesday, June 8, 2021.
Iteris president and CEO Joe Bergera, and CFO Douglas Groves will be hosting virtual meetings with investors throughout the day.
For additional information or to schedule a virtual meeting with Iteris management, please contact your Stifel representative, or Iteris' investor relations firm, MKR Investor Relations, at This email address is being protected from spambots. You need JavaScript enabled to view it..
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 Contact
Douglas Groves
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Tel: (949) 270-9643
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Investor Relations
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NEW YORK--(BUSINESS WIRE)--OceanTech Acquisitions I Corp. (Nasdaq: OTECU) (“OceanTech” or the “Company”) today announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “OTECU” beginning May 28, 2021. Each unit consists of one share of Class A common stock and one redeemable warrant. Each warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on the Nasdaq under the symbols “OTEC” and “OTECW,” respectively.
Maxim Group LLC is acting as sole book-running manager for the offering.
The Company has granted the underwriters a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on June 2, 2021, subject to customary closing conditions.
A registration statement relating to the securities was declared effective by the SEC on May 27, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Maxim Group LLC, 405 Lexington Avenue, New York, New York 10174. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About OceanTech Acquisitions I Corp.
OceanTech Acquisitions I Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While it may pursue an initial business combination target in any business, industry or geographical location, it intends to focus its search on target businesses in the leisure marine, yachting and superyachting industries, and with enterprise values of approximately $250 million to $1.0 billion. The Company is sponsored by OceanTech Acquisitions I Sponsors LLC, an affiliate of investor and entrepreneur Joseph Adir.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Relations
Lena Cati
The Equity Group Inc.
(212) 836-9611
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REYKJAVIK, Iceland--(BUSINESS WIRE)--A global leader in the manufacture of Unmanned Maritime Systems, Teledyne Marine Vehicles, a business of Teledyne Technologies Incorporated (NYSE:TDY), today announced that Argeo of Norway, a newly listed company and growing subsea offshore service company, has procured two Teledyne Gavia SeaRaptor 6,000 meter rated Autonomous Underwater Vehicles (AUVs). The two SeaRaptor AUVs will contribute to Argeo’s growing fleet of AUVs and will enable deep-sea surveys to the benefit of marine industries including offshore wind, aquaculture, deepsea minerals, and offshore oil & gas.
The SeaRaptor 6000 AUVs will be equipped with the latest Kraken MinSAS 120 Synthetic Aperture Sonar (Kraken Robotics, Canada) providing large swath area coverage and high-resolution imagery and bathymetry data collection. The vehicles will also be fitted with Teledyne RESON T50-S Multi-Beam dual frequency 200/400 kHz Echo Sounders, Teledyne Benthos Chirp III Sub Bottom Profilers, iXblue PHINS 6000 INSs coupled to Teledyne RDI Tasman DVLs, and CathX Hunter Camera Systems. All data collected will be processed onboard using Teledyne CARIS OnBoard postprocessing and mosaicking software to allow quick turnaround during missions. The AUVs are also fitted with a large variety of scientific sensors from RBR which will take Conductivity, Temperature, Pressure, Turbidity, pH, Dissolved Oxygen, Redox, CH4 and Magnetic measurements to provide valuable water column data which will contribute to better ocean basin characterizations.
“Teledyne is very pleased to supply these unique deep water AUVs to Argeo. We see the strategic partnership forming between our companies as being beneficial, far into the future,” said Mike Read, President, Teledyne Marine.
Both vehicles will be supplied in 40 foot containers hosting their Launch and Recovery Systems, deck support and handling equipment and a spares set to offer the highest redundancy and availability of the systems. The vehicles are designed to be air transportable, including their Li-Ion batteries which offer over 40 hours of autonomy for long endurance missions.
Teledyne is excited to offer these systems to assist in bringing back new information as to the nature and composition of the deepest parts of the planet.
About Teledyne Gavia
Teledyne Gavia provides turnkey survey solutions to customers undertaking a variety of tasks for military, commercial and scientific applications. The Gavia AUV can carry an array of sensors and custom payload modules that make it perfect for any research, monitoring or surveillance task where autonomy, cost and ease of deployment matters. Its modular design allows for rapid sensor reconfiguration and battery replacement. Teledyne Gavia’s manufacturing facility comprises a 1,500 square meter building in Kópavogur, Iceland, with research, engineering, production, and sea trial facilities on Iceland’s North Atlantic coast. For more information, visit Teledyne Gavia’s website at www.teledynemarine.com/gavia.
About Teledyne Marine
Teledyne Marine is a world class Marine Systems business that is part of Teledyne Technologies Incorporated. Through acquisitions and collaboration over the past fifteen years, Teledyne Marine has become the market leader in Imaging, Instruments, Interconnect, Seismic, and Vehicle technologies by providing innovative total solutions to our customers. Teledyne Marine is committed to providing premium products backed by unparalleled service and support. For more information, visit Teledyne Marine’s website at www.teledynemarine.com.
About Argeo
Argeo is a company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, these autonomous underwater vehicles (“AUVs”) will significantly increase efficiency and imaging quality in addition to contribute to substantially reduce CO2 emissions from operations for this global industry. The company’s highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas and Deep Sea Minerals. For more information, visit Argeo’s website at www.argeo.no.
Melissa Rossi
Director of Marketing – Vehicles
Teledyne Marine
(508) 563-1586
Power Outages from Wayward Balloons Can Put the Damper on Commencement Fun
SAN FRANCISCO--(BUSINESS WIRE)--It is graduation season in California and an important reminder for the public about the safety risks associated with helium-filled metallic balloons. If your graduation celebration involves balloons, make sure they are secured with a weight. Otherwise, they can float away and come into contact with overhead power lines, causing a public safety risk.
In the first four months of 2021, metallic balloons striking electric lines have caused nearly 175 power outages in Pacific Gas and Electric Company’s (PG&E) service area alone, disrupting service to more than 107,000 customers. This is a 75 percent increase from the same time period last year. These power outages can interrupt electric service to critical facilities such as hospitals, schools and traffic lights.
At this time last year we were all sheltering at home and balloon-caused outages had declined significantly. As California safely returns to normal, PG&E is especially concerned about metallic balloon safety. If your celebration activities include metallic balloons, please ensure they are secured with a weight. If balloons fly away and make contact with overhead lines, they can cause widespread power outages.
Here’s a sobering example of what can happen when metallic balloons become loose and hit utility power lines: https://www.youtube.com/watch?v=_jzefJfBbNA
In order to significantly reduce the number of balloon-caused outages and to help ensure that everyone can safely enjoy graduations and Father’s Day celebrations, PG&E reminds customers to follow these important safety tips for metallic balloons:
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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DUBLIN--(BUSINESS WIRE)--The "Renewable Energy Global Industry Guide 2015-2024" report has been added to ResearchAndMarkets.com's offering.
The global renewable energy market had total revenues of $811.7bn in 2019, representing a compound annual growth rate (CAGR) of 9.7% between 2015 and 2019.
Market consumption volume increased with a CAGR of 6.6% between 2015 and 2019, to reach a total of 6,411.2 TWh in 2019.
The Asia-Pacific region has the highest share of global revenues from renewable energy, and sees the highest levels of growth from its emerging economies
The global Renewable Energy industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Scope
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/x5jh4w
ResearchAndMarkets.com
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PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) (ISIN:NL0014559478) through its wholly owned subsidiary in the UK (Technip E&C Limited) has been awarded a significant(1) contract for Project Engineering and Management Services (PEMS) by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait.
The contract is for six (6) years duration and covers Project Engineering and Management Services for various potential projects in the Al-Zour complex, including the Al-Zour Refinery, Petrochemical Complex, LNG Import Facilities and other facilities belonging to KIPIC.
Stephane Mespoulhes, Vice President of Project Management Consultancy at Technip Energies commented: “We are pleased to have been awarded this contract by KIPIC which confirms our long-standing presence as an established contractor in Kuwait. This award demonstrates our leading position in Project Management Consultancy activities and confirms the ramp-up of our Technology, Products and Services business segment.”
KIPIC is responsible for operating and managing the largest grassroot integrated complex for refining, petrochemicals manufacture businesses and liquefied natural gas import facilities at Al-Zour complex.
(1) For Technip Energies, a “significant” contract is between €50 million and €250 million.
To know more about Technip Energies PMC services track-record:
Our PMC experts have carried out some of the world’s most challenging onshore and offshore projects such as the RAPID refinery and petrochemical development project in Malaysia; a multiple project for the construction and upgrading of oil production and export facilities in Kuwait; the NASR full field development in UAE; and the Trans Adriatic Pipeline (TAP) in Italy, Albania and Greece.
Learn more at: https://www.technipenergies.com/offering/project-management-consultancy
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
Disclaimers
This release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking
statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
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Navis World 2021 will Take Place at the Palace Hotel in San Francisco on November 1-4, 2021
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain, announced today that its 13th Biennial Event will take place on November 1 - 4, 2021 at The Palace Hotel in San Francisco. Following the announcement that Navis will be acquired by leading technology investment firm Accel-KKR, Navis World will continue to be a hallmark event to showcase industry technology trends and Navis’ strategy and vision for the future. The event will also demonstrate how customers are using mission critical technology and software that supports marine, inland, intermodal and rail operators, vessel owners and carrier customers, to manage the global supply chain.
Navis World 2021 will bring together industry movers and shakers from around the world for informative sessions, demos and networking events around its central theme of navigating change across the supply chain. The three-day, invitation only event will provide insights on industry trends, operational best practices, and will demonstrate its cutting-edge solutions to help companies navigate the changing logistics landscape and strengthen operations. Additionally, attendees will gain valuable insights on cloud operations, digitization and automation, artificial intelligence and machine learning, opportunities for greater visibility and control across the supply chain. Attendees will also hear from logistics leaders about how they have navigated the demands of the pandemic to continue to thrive in the most challenging of circumstances.
“This has been an unprecedented year for the global logistics industry. At Navis, we have always strived to be a key partner to our customers to keep their operations moving efficiently with the latest technology whatever challenges they face. We are proud that we were able to work closely with our customers over the past year to reach their operational goals and keep cargo flowing,” said Benoit de la Tour, President, Navis. “We have missed meeting with our customers during the pandemic and are looking forward to bringing industry leaders from around the world together in a healthy and safe environment to discuss how we can continue to drive smart operations that meet the challenges of the future.”
Navis World 2021 will once again host the Navis Inspire Awards, designed to recognize and celebrate excellence across the ocean supply chain and showcase Navis customers that are driving change in the industry.
For more information on Navis World visit here.
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 all customers 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 has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
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Geena Pickering
Affect
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DUBLIN--(BUSINESS WIRE)--The "Iraq Projects, H1 2021 - Outlook for Major Projects in Iraq - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
With vast oil and gas reserves, a large, well-educated workforce, and about $376bn of major projects planned or underway, there is no doubting the huge potential of the Iraq market for anybody looking for new project opportunities in the Middle East.
The reality however is that the country's vast potential has been undermined for decades by war, insurrection and sanctions - leaving it to face major political, economic and capacity challenges.
An improvement in Iraq's security situation in 2018 following its "liberation" from the Islamic State in Iraq and Syria (Isis) in December 2017, combined with an improving economic outlook, gave Iraqis hope that perhaps they could look forward to a period of stability during which they could start rebuilding their country.
But the joint issues of COVID-19 and falling oil prices have created a fiscal crisis as the government struggles to meet its financial commitments. Projects have had to be delayed as Baghdad prioritises social expenditure. At the same time, crude prices around 50-60 a barrel and OPEC quotas on production have meant that the Oil Ministry has asked the various international oil companies to slow down project expenditure and pare back output, further limiting the projects market.
Like elsewhere in the region, falling state revenues have placed a greater emphasis on bringing greater private sector participation in the projects market either through public-private-partnerships (PPPs) or attracting direct foreign investment in projects.
However, the political and security situation and lack of regulations make the successful implementation of PPP projects extremely challenging no matter what the support. Instead, the projects that are more likely to proceed are those which have funding support from international development banks and funds. Recent successful major projects like the Basra refinery upgrade project are examples where direct foreign funding can provide a way forward for much needed infrastructure development in the country.
Reasons to Buy this Report
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/wvyt78
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DUBLIN--(BUSINESS WIRE)--The "Global Liquefied Petroleum Gas (LPG) Cylinder Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the liquefied petroleum gas (LPG) cylinder market and it is poised to grow by $407.60 million during 2020-2024, progressing at a CAGR of 4% during the forecast period.
The report on liquefied petroleum gas (LPG) cylinder market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing use of LPG in many applications and lack of infrastructure for the transportation of piped natural gas.
The liquefied petroleum gas (LPG) cylinder market analysis includes type segment and geographical landscapes. This study identifies rising subsidies offered by governments to promote LPG use as one of the prime reasons driving the liquefied petroleum gas (LPG) cylinder market growth during the next few years.
Companies Mentioned
The report on liquefied petroleum gas (LPG) cylinder market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Type
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/opu0co
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Nanosatellite-based solutions can have a direct, positive impact on climate change, sustainability, and high impact verticals in numerous industries
BOULDER, Colo.--(BUSINESS WIRE)--#agricultureyields--A new report from Guidehouse Insights examines nanosatellite technology and discusses the ways in which it can benefit energy-intensive industries, providing recommendations for collaboration among various public and private stakeholders.
Nanosatellite constellations are being deployed and have great potential to help energy industry participants such as utilities, oil & gas (O&G) producers, and mining operators reduce their carbon footprint. Energy-intensive industries such as shipping, aviation, and agriculture can also benefit by using the inexpensive, high resolution, high frequency satellite images to improve route and fuel efficiency, improve crop yields, and reduce negative climate impact. According to a new report from Guidehouse Insights, companies can leverage available nanosatellite imaging and data for the development of critical sustainability applications.
“Small satellites, which include microsatellites, minisatellites, and picosatellites, can be built and launched in a very short amount of time and for a fraction of the cost compared to the larger prior generation of satellites,” says Richelle Elberg, principal research analyst with Guidehouse Insights. “Where large legacy satellites could take years to deploy, nanosatellites can be developed and launched in less than a year.”
The report explains that nanosatellites provide an affordable but invaluable source of Earth observation data with which energy and high climate impact concerns can achieve sustainability goals, prevent disasters, and mitigate future environmental destruction. They also support sustainability efforts for energy providers and high climate impact verticals by predicting the weather, and can monitor the effects of climate change, improve natural resource management, aid in ocean and inland water management, and optimize agriculture yields.
The report, Nanosatellites Help Carbon-Intensive Industries Meet Sustainability Goals, addresses market drivers, barriers, and trends for each application, including case studies and emerging business opportunities. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Nanosatellites Help Carbon-Intensive Industries Meet Sustainability Goals, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that the company will host Dr. Steven Koonin, the author of Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It Matters as featured lunchtime guest at their Investor Day in Denver, Colorado, on Thursday, June 17, 2021. Liberty Chief Executive Officer, Chris Wright, will moderate as Dr. Koonin shares his perspective on the science of climate change, providing a real world view on how outsized climate change mitigation efforts disproportionately impact the world’s most vulnerable populations by limiting energy access. Liberty’s goal with hosting Dr. Koonin as our featured guest is to put the three global energy challenges in context: energy poverty; access to reliable, affordable, clean energy; and climate change.
“Progress in the human condition was enabled by the surge in plentiful, affordable energy throughout history, and today, the oil and gas industry is a core contributor of clean low cost energy. Liberty is proud to be a part of the solution, enhancing our communities and the world by helping our customers efficiently produce cleaner oil and gas resources,” commented Mr. Wright. “We are pleased to have Dr. Koonin join us at our Investor Day, providing context on why we are so passionate about the work we do. We are proud of our role in helping our customers responsibly deliver reliable and affordable energy to the world.”
Dr. Koonin is a leader in science policy in the United States, previously serving as the second Under Secretary for Science at the U.S. Department of Energy in the Obama administration. Prior to that, Dr. Koonin spent five years as Chief Scientist for BP plc, where he played a central role in establishing the Energy Biosciences Institute. Dr. Koonin was a professor of theoretical physics at California Institute of Technology (Caltech) and served as the Institute’s Provost during his tenure. He is currently a University Professor at New York University. Dr. Koonin holds a B.S. in Physics from Caltech and a Ph.D. in Theoretical Physics from the Massachusetts Institute of Technology.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael Stock
Chief Financial Officer
303-515-2851
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NASDAQ: TELL) and Gunvor Singapore Pte Ltd (Gunvor) announced today a liquefied natural gas (LNG) sales and purchase agreement (SPA) for three million tonnes per annum (mtpa) for a ten year period, indexed to a combination of two indices; the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), netted back for transportation charges. The LNG would be delivered free on board (FOB) from Tellurian’s Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana in the United States Gulf Coast.
President and CEO Octávio Simões said, “Tellurian intends to market up to 10 mtpa of LNG in our first phase on a JKM, TTF or blended price basis, as our integrated model provides the flexibility to offer this valuable product. We welcome Gunvor, the largest independent global trader of LNG volumes, to Driftwood and look forward to providing a cleaner fuel to meet growing global energy needs and enable energy access.”
Executive Vice President LNG Marketing & Trading Tarek Souki added, “Our business model creates significant value for Tellurian; at today’s LNG prices, this agreement represents the equivalent of approximately $12 billion in revenue over the 10-year term of the agreement.”
About Tellurian Inc.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”.
For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG
About Gunvor
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. The company is the leading independent global trader of Liquefied National Gas (LNG). www.GunvorGroup.com
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, future contracts, revenues and other aspects of Tellurian’s business. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The effectiveness of the agreement described in this press release is subject to, among other things, a final investment decision with respect to the Driftwood Project; and reaching a final investment decision will require Tellurian to obtain significant amounts of additional capital. Estimated revenue from the agreement is based on the current JKM price (as quoted by S&P Platts) and the current TTF price (as quoted on www.theice.com) for the full term of the agreement; actual prices will vary. The agreement may be terminated in certain circumstances prior to the expiration of the 10-year term. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
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HOUSTON--(BUSINESS WIRE)--Linde Engineering Americas (LEA) has been selected by the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) to install and test a 200 tons per day CO2 capture large pilot plant at the City Water, Light & Power (CWLP) power plant in Springfield, IL through a funding award made to the Board of Trustees of the University of Illinois (Champaign, IL). The project will be executed in collaboration with BASF, University of Illinois at Urbana Champaign, CWLP and ACS. The successful construction and operation of this plant will provide a means to demonstrate an economically attractive and transformational capture technology.
According to company officials, the project will showcase Linde’s post-combustion CO2 capture technology capabilities jointly developed utilizing BASF’s OASE® blue gas treatment technology.
“We’re excited about this opportunity to feature the CO2 capture technology we’ve developed with BASF,” said Dominic Cianchetti, Senior Vice President, Region Americas. “There are many commercial uses for this technology, and this project will help guide future discussions about the viability of those possibilities.”
DOE’s Office of Fossil Energy and National Energy Technology Laboratory have supported advancement of this CO2 capture technology for many years, according to LEA officials. This large pilot project is a major milestone for the future of carbon capture technology’s commercial viability.
About Linde Engineering Americas
Linde Engineering America (LEA) is a member of the Linde Engineering Division of Linde plc. LEA is a single-source technology, engineering, procurement and construction firm focused on providing innovative solutions to customers. Areas of expertise include hydrogen solutions, air separation, carbon capture, liquefied natural gas (LNG), gas processing, deep cryogenics and fired process equipment. For more information, see Linde Engineering Americas online at www.leamericas.com.
About Linde
Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.
The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing, and primary metals. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. For more information about the company and its products and services, please visit www.linde.com
Leslie Agee
Communications & Marketing
918.960.1721
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Global aerospace components leader wins prime contract to deliver proven ASMs to major U.S. Boeing 737 operator
DAVENPORT, Iowa--(BUSINESS WIRE)--Cobham Mission Systems, the U.S.-based global technology leader in fuel tank inerting systems (FTIS), announced a long-term agreement to provide air separation modules (ASM) for another major U.S. airline operating Boeing 737s (B737). An aircraft’s ASM prevents the build-up of explosive conditions in fuel tanks by generating nitrogen enriched air to help lower the amount of oxygen in the fuel tank. Since its introduction in 2015, Cobham has delivered 885 B737 ASM model NC1211 units which have achieved over 5,000,000 flight hours with no failures, providing our airline partners with substantial savings in ownership and maintenance costs.
“Cobham Mission Systems is delighted to partner with another major US airline,” said Jason Apelquist, SVP business development and strategy. “Our air separation modules are the most reliable in the world, with 2,100 delivered and more than 17,600,000 flight hours on commercial aircraft worldwide. We are proud to contribute to our airline customers’ aircraft operation and maintenance cost reduction efforts through the outstanding performance, reliability and life on-wing Cobham ASMs provide.”
Cobham is a world leader in gas separation and has been developing and delivering fuel tank inerting systems and subsystems for 30 years. With 6,700 systems on commercial (including B737, A320, A321, and B787) and military aircraft, and a total over 52,000,000 flight hours, Cobham holds the unique technical ability to design an optimally sized and configured fuel tank inerting system using Hollow Fiber Membrane technology. Cobham fuel tank inerting systems are designed for both military and commercial applications.
For more information about Cobham Mission Systems’ fuel tank inerting systems for aerospace, visit https://www.cobhammissionsystems.com/nitrogen-inerting/fuel-tank-inerting or contact Mike Donahue, business development manager, Cobham Mission Systems, This email address is being protected from spambots. You need JavaScript enabled to view it. or +1 (563) 508-4303.
About Cobham Mission Systems
As the world’s leading supplier of critical control solutions, Cobham Mission Systems helps customers increase the safety and mission capabilities of personnel and equipment in extreme environments. Proven and trusted solutions include air-to-air refueling, fuel tank inerting, life support, space propulsion, weapons carriage and missile actuation that enable customers to achieve mission success. www.cobhammissionsystems.com
On behalf of Cobham
Joyce Bosc
(301) 717-9529
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced positive initial results from a truck loan program launched in conjunction with Portland-based natural gas provider, NW Natural, which featured Hyliion’s Hybrid CNG solution.
As part of the program, Hyliion collaborated with NW Natural to equip a Freightliner Cascadia day cab with their Hybrid compressed natural gas (CNG) solution, a self-charging powertrain that boosts performance by adding up to 120 horsepower to a Class 8 semi-truck–enough power to allow the vehicle to perform more like a diesel truck.
The Hybrid CNG truck was loaned to three Oregon-area fleet operators—Baker Rock Resources, Tillamook County Creamery Association, and Calportland—over a three-week trial period. Each participant reported that the Hyliion Hybrid solution delivered more power, greater sustainability, and improved operating costs.
Thomas Healy, Founder and CEO of Hyliion, said, “Testing our technology in partnership with reputable fleet operators, and under real world conditions, is essential as we strive to meet the needs of our customers as they seek better performing and more sustainable transportation solutions. We were pleased to learn that all three fleet operators deemed Hyliion’s Hybrid truck a compelling solution for their fleets.”
Performance highlights from the truck loan program:
Three test cases:
“Natural gas vehicles are popular in North America and throughout the world because of their significantly lower greenhouse gas emissions, near zero-point source emissions, and the ability to use renewable natural gas instead of diesel,” said Chris Kroeker, NW Natural business development segment manager. “This innovative, try-it-first truck loan program allowed local fleet managers to see if this technology fits with their operations – and Hyliion’s Hybrid solution has proven that it can deliver across the board in the areas of power, sustainability and return on investment.”
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a 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. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, 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, 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 Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, 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, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions 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 Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2021 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX, the ability to meet 2021 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K/A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, 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 Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Hyliion Holdings Corp.
Ryann Malone
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833.495.4466
Louis Baltimore
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833.495.4466
NW Natural
Dave Santen
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