LONDON--(BUSINESS WIRE)--#GlobalUltrasonicGasLeakDetectorsMarket--Technavio has been monitoring the ultrasonic gas leak detectors market and it is poised to grow by USD 47.64 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AOIP, Bacharach Inc., Carrier Global Corp., Emerson Electric Co., Honeywell International Inc., INFICON Holding AG, Mistras Group Inc., MSA Safety Inc., SONOTEC GmbH, and Spectris Plc are some of the major market participants. Although the increasing upstream investment and rising LNG production will offer immense growth opportunities, lack of product differentiation will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Ultrasonic Gas Leak Detectors Market 2020-2024: Segmentation
Ultrasonic Gas Leak Detectors Market is segmented as below:
Product
Geography
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Ultrasonic Gas Leak Detectors Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our ultrasonic gas leak detectors market report covers the following areas:
This study identifies increasing upstream investment as one of the prime reasons driving the ultrasonic gas leak detectors market growth during the next few years.
Ultrasonic Gas Leak Detectors Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the ultrasonic gas leak detectors market, including some of the vendors such as AOIP, Bacharach Inc., Carrier Global Corp., Emerson Electric Co., Honeywell International Inc., INFICON Holding AG, Mistras Group Inc., MSA Safety Inc., SONOTEC GmbH, and Spectris Plc. Backed with competitive intelligence and benchmarking, our research reports on the ultrasonic gas leak detectors market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Ultrasonic Gas Leak Detectors Market 2020-2024 : Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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U.S. Department of Energy funded project aims to develop more cost effective and sustainable drivetrain for electric vehicles utilizing Niron’s Clean Earth Magnet™ technology
MINNEAPOLIS--(BUSINESS WIRE)--Niron Magnetics, the company that has developed the world’s first advanced manufacturing process for the mass production of high performance, rare-earth free permanent magnets, today announced a partnership with Marquette University and General Motors to develop the next generation of electric vehicle drivetrains through a $5 million grant from the Department of Energy.
Demand for electric and hybrid vehicles continues to grow and new forecasts predict that they will account for an estimated 30% of all vehicle sales by 2025. However, the drivetrains traditionally utilized in EV and HV designs are powered by rare-earth materials, which are predicted to experience a shortage by 2030, hindering long-term growth potential.
Dr. Ayman El-Refaie, Werner Endowed Chair in Secure/Sustainable Energy and professor of electrical and computer engineering at Marquette University will serve as the lead on the three-year DOE Vehicle Technologies Office project that seeks to meet and even exceed the DOE targets around metrics such as max torque, power, speed current and bus voltage as demand for electric vehicles continues to grow, without the use of rare earths.
“We are very excited about teaming with Niron Magnetics on this project and see their Iron Nitride permanent magnets as a key enabling technology to achieve our project objectives,” said Dr. El-Refaie. “Beyond this project, Niron’s technology will help achieve higher performance in electrical machines over a broad range of applications. We are very much looking forward to working with their team.”
The proposed design incorporates high performance Iron Nitride (FeN) magnets that the team at Niron will be developing. Niron’s Clean Earth Magnet technology does not utilize any rare earth elements and offers several major advantages over traditional magnets, including higher magnetic field strength, enhanced temperature stability, and lower cost input materials and manufacturing. Niron’s magnets have a higher magnetic flux density than conventional Ferrite and NdFeB-based magnets, enabling size and weight reduction in motors without compromising power or torque, which will be critical to meet DOE targets around cost and efficiency.
“This collaboration, along with the other vehicle technology innovation projects funded by the DOE will help shape the future of the transportation sector and increase access to more sustainable options for consumers,” said Frank Johnson, Ph.D., CTO, Niron. “Professor El-Refaie and his team understand the potential our technology has to unlock new possibilities in power generation without the use of rare earths, ensuring that electrics motors of the future are not only more cost effective, but sustainable.”
The project is funded by the Vehicle Technologies Office of the Department of Energy. The National Renewable Energy Laboratory and Virginia Polytechnic Institute and State University are also partnering on the project. To learn more about the $139 million in federal funding from the DOE to advance innovative vehicle technologies, and the other related projects, please visit the Department of Energy’s website.
To learn more about Niron Magnetics and its Clean Earth Magnet™ technology, please visit https://nironmagnetics.com/.
About Niron Magnetics
Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron’s proprietary Iron nitride magnets possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets and will enable a revolution in the design of new electric motors and generators. For more information, please visit https://nironmagnetics.com/.
Kalyn Schieffer
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LONDON--(BUSINESS WIRE)--#GlobalRotatingEquipmentMarketforOilandGasIndustry--The new rotating equipment market for the oil and gas industry research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
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"One of the primary growth drivers for this market is the rise in refining capacity across the world,” says a senior analyst for Industrials at Technavio.
The growing demand for oil and fuel from the transportation and power generation sectors has increased investments in new refinery projects. This has led to a rise in the demand for oil for refining, which has increased the adoption of rotating equipment in oil refineries. These factors are fueling the growth of the market. As the markets recover Technavio expects the rotating equipment market for oil and gas industry size to grow by USD 5.93 billion during the period 2020-2024.
Rotating Equipment Market for Oil and Gas Industry Segment Highlights for 2020
Regional Analysis
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Notes:
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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LONDON--(BUSINESS WIRE)--#GasDetectionEquipmentMarket--The gas detection equipment market is expected to grow by USD 1.06 billion, progressing at a CAGR of over 5% during the forecast period.
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The growing production volume of shale gas is one of the major factors propelling market growth. However, factors such as technical challenges in the production of gas detectors will hamper the market growth.
More details: https://www.technavio.com/report/gas-detection-equipment-market-industry-analysis
Gas Detection Equipment Market: Product Landscape
Fixed gas detection equipment is mostly adopted in large facilities and is configured using relays and customizable alarm point settings, primarily to ensure that the detectors instantly respond to atmospheric hazards. The demand for fixed detectors is expected to grow, especially from two user end-user segments, which are industrial and commercial sectors due to an increasing number of industries including chemical, petrochemical, textile, food, and biotechnology. These industries require continuous monitoring of gas emissions in areas, including production units, laboratories, and other places. Therefore, the gas detection equipment market share growth by the fixed segment will be significant during the forecast period.
Gas Detection Equipment Market: Geographic Landscape
APAC was the largest gas detection equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the growing sales of automobiles, thereby increasing the demand for diesel and petrol, will significantly drive gas detection equipment market growth in this region over the forecast period. 35% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for gas detection equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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Website: www.technavio.com/
Shape strategic responses through the various phases of industry recovery
Accenture Plc, Capgemini Services SAS, and Infosys Ltd. will emerge as major participants in the blockchain technology market in the transportation and logistics industry during 2020-2024
LONDON--(BUSINESS WIRE)--#BlockchainTechnologyMarketinTransportationandLogisticsIndustry--The blockchain technology market in transportation and logistics industry market is expected to post decremental growth of USD 811.51 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the blockchain technology market in transportation and logistics industry in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The blockchain technology market in transportation and logistics industry market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
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Major Three Blockchain Technology Market Participants in Transportation And Logistics Industry:
Accenture Plc
Accenture Plc operates its business through segments such as Financial Services, Products, and Others. The company offers blockchain technology solutions for the transportation and logistics industry.
Capgemini Services SAS
Capgemini Services SAS operates its business through segments such as Strategy & Transformation, Applications & Technology, and Operations & Engineering. The company offers blockchain technology solutions for the transportation and logistics industry.
Infosys Ltd.
Infosys Ltd. operates its business through segments such as Energy, Utilities, Resources and Services, Manufacturing, Hi-Tech, Life Sciences, and All other segments. The company offers blockchain technology solutions for the transportation and logistics industry.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/blockchain-technology-market-in-transportation-and-logistics-industry-analysis
Blockchain Technology Market In Transportation And Logistics Industry Market 2020-2024: Segmentation
Blockchain technology market in transportation and logistics industry is segmented as below:
The blockchain technology market in the transportation and logistics industry market is driven by the growing use of blockchain technology for trucking. In addition, other factors such as the booming e-commerce industry are expected to trigger the blockchain technology market in the transportation and logistics industry toward witnessing a CAGR of almost 54% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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DUBLIN--(BUSINESS WIRE)--The "Low strength Proppants Market Research Report: By End Use (Shale Gas, Crude Oil, Coal-Bed Methane) - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The major factors propelling the growth of the global low strength proppants market are the increasing exploration and production (E&P) activities in the North American nations and the soaring technological advancements being made in the crude oil recovery process. Due to these factors, the market is predicted to advance at a CAGR of 9.8% from 2020 to 2030 and generate a revenue of $5,294.8 million by 2030. Low strength proppants are extensively used in oil and gas E&P activities as they have the ability to drastically increase the flow of oil and gas.
Depending on end-use, the low strength proppants market is divided into coal-bed methane, shale gas, crude oil, and others. Out of these categories, the crude oil division is predicted to exhibit the fastest market growth in the coming years. This is ascribed to the fact that there are over 400 billion recoverable shale oil barrels across the U.S., the U.K., Russia, and Saudi Arabia, and the low strength proppants are widely required for exploring these reserves.
The oil and gas explorers in the U.S. are increasingly focusing on the extraction of shale gas. As per a report published by the U.S. Energy Information Administration (EIA), the total shale gas production in the country was found to be 75% of the total natural gas production across the country in 2019. Hence, with the ballooning production of shale gas in the country, the usage of low strength proppants will increase in shale gas exploration in the future years.
Globally, the North American low strength proppants market is predicted to demonstrate the highest growth in the upcoming years, mainly on account of the increasing investments being made by the major market players in the region. Additionally, the soaring natural gas and crude oil exports are tremendously boosting the utilization of low-density proppants in the region.
The major market players are rapidly expanding their operations across the globe in order to gain a foothold in the market. For example, in August 2018, Black Mountain Sand LLC, a leading market player, announced its plans of expanding its operations in Western Oklahoma's Mid Continent, that will have a production capacity of 3 million tons every year. The addition of this mine will increase the annual capacity of the company to more than 19 million tons, making it the largest in-basin sand providing organization in the U.S.
Similarly, Alpine Silica, another key market player, set up two new production plants in Van Horn, Texas and Fay, Oklahoma in June 2018. These new facilities increased the company's presence in the Permian basin. The company supplies frac sand to the oil and gas sector. This material is required in the oil and gas sector for enhancing the recovery rates. Due to these factors, the usage of low-density proppants will increase sharply in the U.S. in the forthcoming years.
Black Mountain Sand LLC, Hi-Crush Inc., Superior Silica Sands LLC (a subsidiary of Emerge Energy Services LP), Atlas Sand Company LLC, and U.S. Silica Holdings Inc. are some of the leading players in the low strength proppants market.
Market Dynamics
Drivers
Restraints
Opportunities
Companies Mentioned
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DUBLIN--(BUSINESS WIRE)--The "Crude Oil Flow Improvers Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for crude oil flow improvers is expected to grow at a CAGR of about 5% globally during the forecast period.
Growing demand for paraffin & asphaltene inhibitors along with increasing demand for petroleum-based products are driving the market. On the flip side, stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.
Companies Mentioned
Key Market Trends
Growing Demand for Paraffin & Asphaltene Inhibitors
Crude oil flow improvers are widely used in oil & gas industries and are expected to grow rapidly during the forecast period.
Middle-East Region to Dominate the Market
The Middle-East region is expected to dominate the market for crude oil flow improvers during the forecast period due to an increase in demand from countries like Saudi Arabia, Iraq, and the United Arab Emirates.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand For Paraffin & Asphaltene Inhibitors
4.1.2 Increasing Demand for Petroleum Based Products
4.2 Restraints
4.2.1 Stringent Environmental Regulations
4.2.2 Unfavourable Conditions Arising Due to the COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Improver Type
5.1.1 Paraffin & Asphaltene Inhibitors
5.1.2 Drag Reducing Agents
5.1.3 Scale & Corrosion Inhibitors
5.1.4 Hydrate & Hydrogen Sulfide Inhibitors
5.1.5 Others (Demulsifiers, Biocides, etc.,)
5.2 Application
5.2.1 Extraction
5.2.2 Pipelines & Transportation
5.2.3 Processing
5.2.4 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.2 North America
5.3.3 Europe
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand from Emerging Economies
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LONDON--(BUSINESS WIRE)--#covidrecovery--The Oil and Gas Specialty Maintenance Services Market is poised to experience spend growth of more than $ 9 billion between 2020-2024 at a CAGR of over 9.34%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page research report with TOC and LOE on "Oil And Gas Specialty Maintenance Services Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
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 Oil and Gas Specialty Maintenance Services 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.
Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment
Insights into the Market Price Trends
Insights to help buyers identify and shortlist the most suitable suppliers for their Oil And Gas Specialty Maintenance Services Market requirements. This procurement report answers the following questions:
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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:
Some of the top Oil And Gas Specialty Maintenance Services Market suppliers enlisted in this report
This Oil And Gas Specialty Maintenance Services Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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DUBLIN--(BUSINESS WIRE)--The "Industrial Hose Market with COVID-19 Impact Analysis - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial Hose Market is Expected to Grow from USD 10.2 Billion in 2020 to USD 16.4 Billion by 2025; it is Expected to Grow at a CAGR of 9.9% during 2020-2025.
Key factors fueling the growth of this market include the increasing demand for robust industrial hoses for critical applications in several industries, growing infrastructure-related developments, and rising demand for PVC material.
The demand for robust industrial hoses is increasing across the world to avoid fatal accidents, ensure smooth material handling even in extreme environmental/operational conditions, and so on various industries such as pharmaceuticals, agriculture, chemicals, and oil & gas create a strong demand for industrial hoses for efficient industrial operations in the midst of COVID-19 are the major factors for the industrial hose market growth.
Air and gas media type to witness the highest CAGR in the industrial hose market during the forecast period.
The market for air and gas media is expected to grow at the highest CAGR within the global industrial hose market during the forecast period, owing to the high demand for air and gas hoses to transfer compressed air and gases from one point to another in industrial, medical, construction, and agricultural applications. Gas hoses are used for a variety of applications, such as gas and petroleum solutions transfer, gas cylinder filling, refilling, or emptying, loading/unloading, and fuel refilling.
Oil & gas industry to witness the highest CAGR in the industrial hose market during 2020-2025.
The market for the oil & gas industry is expected to grow with the highest CAGR during the forecast period. The demand for oil and gas will grow tremendously in the coming years, which is likely to increase even further to fuel the development of Western economies during the forecast period.
As technologies implemented in the production and transportation processes are advancing, equipment performance requirements are becoming more and more stringent to support increasing operational efficiencies. Hence, the implementation of hoses is essential in pipelines and other several processes to regulate the flow of liquid, gases, or any fluidized solid, which will propel the industrial hose market growth in the coming years.
APAC is expected to hold the largest share of industrial hose market by 2025.
APAC accounted for the largest share of the industrial hose market by 2025. The most common applications of oil & gas are fuel for automobiles, fuel for industrial machinery, and fuel for domestic operations. In the oil & gas industry safety, environmental protection, and operating efficiency have prime importance for which robust hoses are used. Hence, increasing adoption of industrial hoses for different applications is expected to provide growth opportunities to the industrial hose market in the future.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
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GUANGZHOU, China--(BUSINESS WIRE)--$XPEV #EV--Xpeng Inc. (“Xpeng” or the “Company”, NYSE: XPEV), a leading Chinese smart electric vehicle (“Smart EV”) company, today unveiled the P7 Wing, the limited edition of its P7 super-long range sports sedan at the 2020 Auto Guangzhou show.
The new flagship limited edition is designed to maximize the sporty and dynamic style of the smart EV sedan with a pair of specifically-designed scissor-style front doors that are traditionally only available in luxury sports vehicles.
The P7 Wing limited edition is available in four-wheel drive high-performance and rear-wheel drive super-long range versions at post-subsidies prices of RMB409,000 and RMB366,900 respectively for the Chinese market.
Equipped with XPILOT 3.0 hardware and software, with 18-speaker Dynaudio concert-hall style in-car sound system, the P7 Wing brings extra exclusivity for its owners.
Customers can personalize the opening angle of the doors. Two obstacle avoidance radars are installed on the left and right sides, which automatically identify obstacles and control the door movements during the opening process.
The electric scissor-style doors can be unlocked in multiple ways, i.e. via car key, Bluetooth/NFC digital key, mobile phone APP, control panel or in-car voice assistant.
About Xpeng
Xpeng Inc. (NYSE: XPEV) is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, Xpeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. Xpeng is headquartered in Guangzhou, China, with offices in Beijing, Shanghai, Silicon Valley, and San Diego. The Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively. For more information, please visit https://en.xiaopeng.com.
For Media Enquiries:
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Xpeng Inc.
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FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that it has extended certain deadlines in connection with its previously announced private offer to exchange (the “Exchange Offer”) its 10.75% Senior Secured Notes due 2023 (the “Existing Notes”) for newly issued 11.00% Senior Secured Notes due 2025 (the “New Notes”), the related offering (the “Rights Offering”) of rights to subscribe (each, a “Subscription Right”) to purchase 9.75% Super Priority Lien Senior Secured Notes due 2025 (the “New Super Priority Notes”) to be issued by Basic and consent solicitation (the “Consent Solicitation”), in each case subject to the terms and conditions set forth in the Confidential Offering Memorandum dated November 5, 2020 (the “Offering Memorandum”).
The Company announced it has extended the deadlines for the Exchange Offer, Rights Offering and Consent Solicitation as follows:
Accordingly and subject to satisfaction of the conditions therefor, the settlement date for the Exchange Offer is expected to be December 9, 2020, and the New Super Priority Notes are expected to be issued on or about December 16, 2020.
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CUSIP Number and
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|
Title of Existing
|
|
Principal Amount of
|
|
Exchange Consideration if Tendered prior to
|
CUSIP: 06985PAN0 /
|
|
10.75% Senior
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$300,000,000 |
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$400 principal amount of New Notes. |
(1) For each $1,000 principal amount of Existing Notes, as applicable.
Except as described herein (and for corresponding changes relating hereto), the complete terms and conditions of the Exchange Offer, Rights Offering and Consent Solicitation remain the same as set forth and detailed in the Offering Memorandum, copies of which were previously distributed to eligible holders of Existing Notes. Withdrawal rights expired at 5:00 p.m., New York City time, on November 19, 2020 and tendered Existing Notes may no longer be withdrawn.
The Exchange Offer and Rights Offering, and the offering of the New Notes, the New Super Priority Notes and the Subscription Rights, are being made only (1) to persons reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act, in a private transaction in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof and (2) outside the United States, to persons other than “U.S. persons” as defined in Rule 902 under the Securities Act in offshore transactions in compliance with Regulation S under the Securities Act.
The Exchange Offer, Rights Offering and Consent Solicitation are being made only pursuant to the Offering Memorandum. The Offering Memorandum and other documents relating to the Exchange Offer, Rights Offering and Consent Solicitation will be distributed only to eligible holders. The Exchange Offer is not being made to holders of Existing Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The New Notes, the New Super Priority Notes and the Subscription Rights have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Offering Memorandum. None of Basic, the dealer manager, the solicitation agent, the exchange agent, the information agent or any trustee (or its agents) of the Existing Notes, the New Notes or the New Super Priority Notes makes any recommendation as to whether holders of Existing Notes should participate in the Exchange Offer or the Rights Offering or consent to the Proposed Amendments.
Holders who desire a copy of the eligibility letter should contact D.F. King & Co., Inc., the information agent for the Exchange Offer and Consent Solicitation, at (800) 431-9646 (U.S. Toll-free) or email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Banks and brokers should call (212) 269-5550. The eligibility letter may also be found here: www.dfking.com/basicenergy. D.F. King & Co., Inc. will provide copies of the Offering Memorandum to eligible holders.
There are no registration rights associated with the New Notes or the New Super Priority Notes, and Basic has no intention to offer to exchange the New Notes or New Super Priority Notes for notes registered under the Securities Act or to file a registration statement with respect to the New Notes or the New Super Priority Notes.
The New Notes and the New Super Priority Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the “Insurance Mediation Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in 2017/1129/EC (as amended or superseded, the “Prospectus Regulation”). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes and the New Super Priority Notes or otherwise making them available to retail investors in the EEA or in the United Kingdom has been prepared and therefore offering or selling the New Notes or the New Super Priority Notes or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPS Regulation. This press release, the Offering Memorandum and any other documents or materials relating to the Exchange Offer, Rights Offering and Consent Solicitation have been prepared on the basis that any offer of the New Notes or the New Super Priority Notes in any member state of the EEA or in the United Kingdom will be made pursuant to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of notes. The Offering Memorandum is not a prospectus for the purposes of the Prospectus Regulation.
This press release, the Offering Memorandum and any other documents or materials relating to the Exchange Offer, Rights Offering and Consent Solicitation may only be communicated to persons in the United Kingdom in circumstances where Section 21 of the Financial Services and Markets Act 2000 (the “FSMA”) does not apply. Accordingly, this press release and the Offering Memorandum are only for circulation to (i) persons who are outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the FSMA (Financial Promotion) Order 2005, as amended (the “Order”), (iii) high net worth entities, and other persons to whom the communication may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order or (iv) persons to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with the communication may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to for purposes of this paragraph as “relevant persons”). The New Notes and the New Super Priority Notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such New Notes and New Super Priority Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on the Offering Memorandum or any of its contents and may not participate in the Exchange Offer.
Safe Harbor Statement
This release includes “forward-looking statements” within the meaning of the federal and securities laws. Forward-looking statements are not statements of historical fact and reflect Basic’s current views about future events. The words “believe,” “estimate,” “expect,” “anticipate,” “project,” “intend,” “seek,” “could,” “should,” “may,” “potential” and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although Basic believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions and estimates, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. These risks and uncertainties include, without limitation, our ability to successfully execute, manage and integrate acquisitions, including the recent acquisition of C&J Well Services, Inc., reductions in our customers’ capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for crude oil, including the recent significant decline in oil prices, and natural gas, local and global impacts of the COVID-19 virus, and the negative impacts of the delisting of the Company’s common stock from the NYSE. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Any forward-looking statement speaks only as of the date on which such statement is made and Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Trey Stolz
Director of Financial Planning & Analysis
Basic Energy Services, Inc.
817-334-4100
DUBLIN--(BUSINESS WIRE)--The "Oil Condition Monitoring - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Oil Condition Monitoring market accounted for $637.99 million in 2018 and is expected to reach $1567.02 million by 2027 growing at a CAGR of 10.5% during the forecast period.
Growing need for optimization of time, and growing demand for power generation are the major factors propelling the market growth. However, factors such as additional expenses incurred in retrofitting existing systems, and limited availability of skilled personnel are hampering the market growth.
In order to avoid the failures of the engine and the power train and to avoid the machinery that is costly, the testing of oil condition monitoring is done. With the help of the oil condition monitoring the maintenance of the engines, machines, and other systems is done in an effective way and it helps in reducing the downtime expense. Different types of tests are conducted for the oil condition monitoring. Some of the tests for the oil condition monitoring are oil condition monitoring tests, marine lubricants quality scanning, wear metals testing, OCM testing, ferrography testing, and others.
Based on the sampling type, the on-site segment is going to have a lucrative growth during the forecast period owing to the factors such as reduced servicing and maintenance costs, increased equipment productivity, minimize oil waste and disposal, and reduce downtime. The user can ensure the proper functioning of engines used in industries such as power generation, transportation, and marine.
By geography, North America is going to have a lucrative growth during the forecast period due to the presence of several major players in the industries such as automotive, oil & gas, power generation, and mining. The advancements in predictive maintenance technologies are encouraging end-users to adopt oil condition monitoring solutions across industries existing in this region.
Companies Mentioned
What our report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Oil Condition Monitoring Market, By Product
5.1 Introduction
5.2 Compressors
5.3 Engines
5.4 Gear Systems
5.5 Hydraulic Systems
5.6 Turbines
6 Global Oil Condition Monitoring Market, By Sampling
6.1 Introduction
6.2 Off-Site
6.3 On-Site
6.4 Fixed Continuous Monitoring
Portable Kit (On-Board)
7 Global Oil Condition Monitoring Market, By Measurement
7.1 Introduction
7.2 Density
7.3 Dielectric
7.4 Fuel Dilution
7.5 Pressure
7.6 Soot
7.7 Tan
7.8 Temperature
7.9 Total Base Number (TBN)
7.10 Viscosity
7.11 Water Dilution
7.12 Wear Particles
8 Global Oil Condition Monitoring Market, By End User
8.1 Introduction
8.2 Energy & Power
8.3 Industrial
8.4 Mining
8.5 Oil & Gas
8.6 Transportation
8.6.1 Aerospace
8.6.2 Automobile
8.6.3 Heavy Vehicle
8.6.4 Locomotive Engine
8.6.5 Marine
9 Global Oil Condition Monitoring Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/7t2r94
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) the leading provider of environmental and industrial services throughout North America, today announced that Chief Financial Officer Michael L. Battles, Chief Accounting Officer Eric J. Dugas and SVP Investor Relations Jim Buckley will be presenting at the BofA Securities 2020 Leveraged Finance Virtual Conference.
Clean Harbors’ presentation will take place at 9:00 a.m. ET, Tuesday, December 1, and will be webcast live. To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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DUBLIN--(BUSINESS WIRE)--The "United States LNG Bunkering Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The United States LNG bunkering market is expected to grow at a CAGR of more than 5.2% over the forecast period.
The strict norms to restrict the sulfur content produced by conventional fuels are driving the demand for LNG bunkering infrastructure in the United States. However, high initial infrastructure development costs and competition from alternative fuels are likely to restrain the market for the LNG bunkering in the country.
Ferries and OSV segment is expected to dominate in the United States LNG bunkering market over the forecast period.
The increased production and the reduced natural gas prices in 2019 had marked the beginning of expanding opportunities for the market in the coming years.
The growth of natural gas is expected to drive the United States LNG bunkering market during the forecast period.
Key Market Trends
Container Fleet is Expected to Dominate in the Market
As of 2019, LNG bunkering in the United States takes place in two locations Jacksonville, FL, and Port Fourchon, LA-with a third facility under development in Tacoma, WA. The LNG facilities in these ports serve the relatively small United States-flag domestic market.
Increasing Demand for Natural Gas to Drive the Market
The United States' natural gas production in 2019 was about 920.9 billion cubic meters, the highest annual amount recorded. The top five natural gas-producing states in the United States are Texas, Pennsylvania, Oklahoma, Louisiana, and Ohio.
Competitive Landscape
The United States LNG bunkering market is consolidated. Some of the key players in the market include Harvey Gulf International Marine LLC, NorthStar Holdco Energy, LLC, Royal Dutch Shell PLC, Conrad Shipyards LLC, and Crowley Maritime Corporation.
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 End-User
5.1.1 Tanker Fleet
5.1.2 Container Fleet
5.1.3 Bulk and General Cargo Fleet
5.1.4 Ferries and OSV
5.1.5 Others
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Harvey Gulf International Marine LLC
6.3.2 NorthStar Holdco Energy, LLC
6.3.3 Royal Dutch Shell PLC
6.3.4 Crowley Maritime Corporation
6.3.5 Conrad Shipyards LLC
6.3.6 JAX LNG, LLC
6.3.7 Eagle LNG Partners LLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/348hjr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), an innovator and manufacturer of drilling tool technologies, today announced that on November 18, 2020, the Company received notification from the NYSE American LLC (the “NYSE American”) that it had not met compliance standards of Section 1003(a)(iii) as a result of stockholders’ equity falling below $6.0 million and having reported losses in its five most recent fiscal years ended December 31, 2019. Stockholders’ equity was approximately $4.7 million as of September 30, 2020.
The Company will evaluate all available options to regain compliance with the continued listing standards by the required date of May 18, 2022. SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020. If the NYSE American accepts the plan, the Company will be subject to ongoing periodic reviews, including quarterly monitoring, for compliance with the plan.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the continued impact of COVID-19 on the business, the Company’s strategy, future operations, success at developing future tools, the Company’s effectiveness at executing its business strategy and plans, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management, and ability to outperform are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; our ability to maintain the listing of our common stock on the NYSE American; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) today notified the New Jersey Board of Public Utilities (BPU) it will provide residential and small commercial customers with a bill credit totaling $10 million, effective December 1, 2020 through December 31, 2020. This one-time bill credit will save the average residential heating customer using approximately 158 therms $19.31, a decrease of 11.2% on their December bill.
“As we head into the winter months when the weather is typically colder and heating costs higher, we are pleased to provide this bill credit to our customers.” said Steve Westhoven, President and CEO of New Jersey Natural Gas. “We will continue to utilize our market expertise and work to manage costs and identify savings where possible. This is our commitment to our customers.”
NJNG is able to provide a bill credit at this time due to rate case refunds from interstate pipelines and lower natural gas prices. NJNG does not earn a return on the price of natural gas used to serve its customers. This bill credit does not affect NJNG’s profitability.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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LONDON--(BUSINESS WIRE)--#GlobalSolarPanelRecyclingMarket--The solar panel recycling market is poised to grow by USD 238.30 million during 2020-2024, progressing at a CAGR of over 28% during the forecast period.
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The report on the solar panel recycling market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by growth in solar PV panel installation.
The solar panel recycling market analysis includes product segment and geography landscape. This study identifies the growth in solar panel recycling R&D activities as one of the prime reasons driving the solar panel recycling market growth during the next few years.
This report 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.
The solar panel recycling market covers the following areas:
Solar Panel Recycling Market Sizing
Solar Panel Recycling Market Forecast
Solar Panel Recycling Market Analysis
Companies Mentioned
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Global Building Integrated Photovoltaics Market: The building integrated photovoltaics market size will grow at a CAGR of 17% at an incremental growth of USD 10.67 billion during 2020-2024. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
Key Topics Covered:
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Five Forces Analysis
Market Segmentation by Product
Customer landscape
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Appendix
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DUBLIN--(BUSINESS WIRE)--The "Emergency Shutdown Systems Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The global emergency shutdown systems market was valued at USD 1.42 billion in 2019 and is expected to reach a value of USD 2.57 billion by 2025 registering a CAGR of 9.29% during the forecast period (2020 - 2025).
These systems are highly deployed in the oil and gas industry, general manufacturing processes, power generating sector, and several other industries. Out of all the end-users, the oil and gas industry is the largest source of demand for emergency shutdown systems.
Companies Mentioned
Key Market Trends
Oil and Gas is Expected to Witness Significant Growth
Oil and gas is the largest sector for emergency shutdown systems globally. Recovering oil and gas prices and increasing upstream activity are expected to increase the demand for emergency shutdown systems, especially from offshore establishments. Demand for the ESD systems from upstream, midstream, and downstream (oil refineries) activities are taken into account under this segment.
Europe is Expected to Hold a Significant Market Share
Europe is one of the largest markets for emergency shutdown systems (ESD) in the world. Considerable activity in the downstream oil and gas sector and high industrial activity in the region is one of the most prominent drivers for the ESD systems market in Europe.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Stringent Regulatory Policies for Industrial Safety
4.2.2 Growing Large-scale Production Projects due to Expansion of Oil and Gas Industry
4.3 Market Restraints
4.3.1 High Initial and Maintenance Costs
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness Porters Five Force Analysis
4.6 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Control Method
5.1.1 Electrical
5.1.2 Fiber Optic
5.1.3 Pneumatic
5.1.4 Hydraulic
5.1.5 Other Control Methods
5.2 By End-user Vertical
5.2.1 Oil and Gas
5.2.2 Refining
5.2.3 Power Generation
5.2.4 Metal and Mining
5.2.5 Paper and Pulp
5.2.6 Other End-user Verticals
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT OPPORTUNITIES
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/jlurs6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--UGI Corporation (NYSE: UGI) announced today that its subsidiary, UGI Energy Services, LLC, entered into definitive agreements to invest in New Energy One HoldCo LLC, which is part of the team developing a utility-scale renewable natural gas (“RNG”) project in Idaho.
The Idaho RNG project is being developed jointly by Sevana Bioenergy, LLC (“Sevana”), an affiliate of New Energy One HoldCo LLC, and Meridiam, a leading global independent investment Benefit Corporation and asset manager of sustainable public infrastructure. The Idaho project, currently generating renewable electricity, is expected to produce several hundred million cubic feet of RNG each year from on-site dairy waste feedstock once it is expanded to reach full production in 2022; initial RNG production is expected to commence in late 2021.
Sevana, based in Larkspur, California, develops, designs, owns and operates large-scale anaerobic digestion projects which produce RNG and organic based soil amendments. Using state-of-the-art technology, engineering, and design, they are a market leader of RNG production in the United States. Biogas projects reduce waste and long-term greenhouse gas emissions, while also increasing the use of renewable energy.
Earlier this year, UGI announced its acquisition of GHI Energy, LLC, an RNG marketing business based in Houston, Texas. As part of its announcement of that acquisition, UGI outlined how that investment would provide a platform for growth in other RNG projects. UGI’s investment in the Idaho project reinforces UGI’s commitment to the development of RNG and sustainable energy. Additionally, the investment in the Idaho project reinforces the company’s existing greenhouse gas emission reduction strategies highlighted in UGI’s recently published environmental, social and governance report titled “Today’s Energy, Tomorrow’s World” and provides a platform to further advance our efforts.
“Sevana’s team believes in building value for all the stakeholders in our projects,” said John McKinney, Sevana’s President. “We are pleased to be working with such great partners in developing renewable natural gas projects. UGI brings a unique and complementary set of capabilities to this project.”
“For over 135 years, UGI has focused on providing safe, reliable service to its customers and to the many communities it serves,” said Robert F. Beard, UGI’s Executive Vice President - Natural Gas. “We are excited about the partnership we have developed with both Sevana and its associated investment holding company. Adding the Idaho investment to our portfolio further advances UGI’s commitment to the development of sustainable fuels for the future and we are looking forward to making incremental investments in this sector,” Beard concluded.
“The Idaho project advances our strategy positioning UGI as a leading provider of energy solutions that meet the environmental and social needs of our customers and our communities,” said John Walsh, President and CEO - UGI Corporation. “We’re pleased with our progress on RNG as well as our good success with our Bio-LPG product in Europe and we look forward to expanding our portfolio of renewable offerings. UGI is committed to be a leader in this area of critical importance to our company and our environment.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States, California, and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
About Meridiam
Meridiam was founded in 2005 by Thierry Déau, with the belief that the alignment of interests between the public and private sector can provide critical solutions to the collective needs of communities. Meridiam is an independent investment Benefit Corporation under French law and an asset manager. The firm specializes in the development, financing, and long-term management of sustainable public infrastructure in three core sectors: mobility, energy transition and environment, and social infrastructure. With offices in, Addis Ababa, Amman, Dakar, Istanbul, New York, Luxembourg, Paris, Toronto and Vienna, Meridiam currently manages US$8 billion and more than 80 projects and assets to date. Meridiam is certified ISO 9001: 2015, Advanced Sustainability Rating by VigeoEiris and applies a proprietary methodology in relation to ESG and impact based on United Nations’ Sustainable Development Goals (SDGs).
Investor Relations
610-337-1000
Brendan Heck, ext. 6608
Alanna Zahora, ext. 1004
Shelly Oates, ext. 3202
Agreements establish a path to Tantalus’ TSX-V listing
NORWALK, Conn.--(BUSINESS WIRE)--#smartgrid--Smart grid technology leader Tantalus Systems today announced it has entered into a definitive agreement to merge with RiseTech Capital Corp., a TSX Venture Exchange-listed capital pool company, and also that it closed on a concurrent financing to bolster the company’s balance sheet in order to support and accelerate several strategic growth initiatives as well as for general working capital purposes. Following the closing of the merger, Tantalus’ board and management team will remain in place and lead the combined company, which will continue to focus on delivering innovative smart grid solutions to electric, water and gas utilities. Upon receiving the necessary approvals for listing from the TSX Venture Exchange, Tantalus will gain increased access to the capital markets as a publicly traded company.
“When RiseTech Capital entered into a letter of intent with Tantalus on September 8, 2020, we sought to partner with the experienced leadership team at Tantalus to accelerate the growth of this purpose-driven, innovative technology company,” said Manny Padda, CEO of RiseTech Capital. “In entering into definitive agreements today and securing additional capital, we believe that Tantalus is well-positioned to leverage its industry proven solutions and become a market leader in helping utilities prepare for the transformation of distribution grids across North America and beyond. Our shareholders are extremely excited to have the opportunity to support them in their mission.”
In parallel, Tantalus also announced the closing of a financing in the amount of approximately CAD$8.8 million through a private placement of subscription receipts that will ultimately be exchanged for shares of the publicly-traded company. The financing, led by Canaccord Genuity and Cormark Securities, as Joint Book Runners, and PI Financial, included contributions from several institutional technology funds and retail investors. In announcing both events, Tantalus and RiseTech will submit a Filing Statement to the TSX-Venture Exchange to seek approval for the public listing of the combined entity.
“On behalf of our Board of Directors, shareholders, employees, utility users and partners, our management team is extremely excited to take this pivotal next step in the evolution of Tantalus. This milestone marks the continued success resulting from our unwavering purpose to deliver mission-critical solutions to public power and electric cooperative utilities,” said Peter Londa, President & CEO of Tantalus Systems. “As we seek to help communities prepare for the future where technological, environmental and behavioral developments impact the needs and expectations of consumers, we believe this transaction will position our company to remain a long-term partner to the utilities we serve. Tantalus plans to be at the epicenter of empowering our utilities to transform their distribution grids, engage with their customers and members, utilize granular data to enhance their operations, quickly respond to unexpected events and proactively support the communities they serve.”
About Tantalus
Over the past three decades, Tantalus has consistently and creatively delivered mission-critical technology solutions that enhance the safety, security, reliability and efficiency of public power and electric cooperative utilities across North America and the Caribbean Basin. By leveraging technology, Tantalus empowers utilities to transform their distribution grids from systems designed to support one-way power flow into a connected network of devices capable of supporting multi-directional power flow from solar panels, distributed storage and electric vehicles. The solutions and tools delivered by Tantalus enable utilities to also engage proactively with their customers and members, to be more responsive and reliable, pinpoint where to make capital investments to improve the resiliency of their grids, and generate cost savings by streamlining system operations. Tantalus’ comprehensive suite of smart grid solutions includes advanced metering infrastructure, demand-management technologies, data analytics, distribution automation and street lighting control systems - a broad portfolio built purposefully to support smart community initiatives essential to both the near-term and long-term success of the utilities Tantalus supports and the communities they serve.
This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the completion of the merger with RiseTech Capital Corp. and gaining increased access to capital markets and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.
Jacquie Hudson
Marketing Communications Manager
Tantalus Systems Inc.
613-552-4244 | This email address is being protected from spambots. You need JavaScript enabled to view it.
W: www.tantalus.com
Twitter: @TantalusCorp
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