Agreement, which also includes purchase rights for 25 additional aircraft conversions, places Connect Airlines on trajectory to be the world’s first zero-emission passenger airline

BENTONVILLE, Ark.--(BUSINESS WIRE)--“We are building Connect Airlines from the ground up as a smarter, more sustainable travel option for North American travelers,” said John Thomas, CEO, Connect Airlines. “We have committed to being the world’s first true zero-emission airline and the only way to accomplish this in the near term is with hydrogen.” Today at the UP.Summit, an annual gathering of leaders in air transport innovation hosted by venture capital firm UP.Partners, Universal Hydrogen Co. and Connect Airlines, a division of Waltzing Matilda Aviation, announced that the airline has placed a firm order to convert 75 ATR 72-600 regional airplanes to hydrogen powertrains, with purchase rights for an additional 25 conversions. Deliveries will start in 2025. The agreement follows an initial letter of intent (LOI) between the companies announced in 2021.

“This order places Connect firmly in the vanguard of the march to get aviation on a path to meeting Paris Agreement emissions targets,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “This march will very soon need to turn into a sprint if the industry has any hope of decarbonizing in time without having to curtail the growth in passenger volumes. We will need to convert most of the regional fleet in the 2020s and ensure that the new narrowbody aircraft built in the 2030s are hydrogen-powered—there is no other way to get there.”

In addition to a hydrogen conversion kit for the ATR 72-600, the most popular in-production regional turboprop on the market, Universal Hydrogen offers hydrogen fuel services to airports using a modular capsule technology that enables the transport and handling of hydrogen using the existing intermodal freight network and cargo handling equipment. This eliminates the need for costly and lengthy airport infrastructure upgrades and makes nearly every airport in the world hydrogen-ready. As part of today’s agreement, Universal Hydrogen will provide fuel services to the Connect fleet enabling operating unit economics that are equivalent or better than those of hydrocarbon-powered ATR 72s from the very first delivery in 2025.

“We see the partnership with Universal Hydrogen as the fastest path to zero-emission operation because they offer both an affordable retrofit solution for the existing airplane fleet, as well as a pragmatic approach to delivering hydrogen to any airport in our route network,” said Thomas. “With this technology and its economics, we easily anticipate our appetite growing to over 800 airplanes in this class to support the growth of our route network across North America.”

About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites directly to the airplane anywhere in the world. The company is targeting regional and narrowbody/single aisle airplanes as the near-term and most impactful decarbonization opportunities. Universal Hydrogen is also working to certify a powertrain conversion kit to retrofit existing regional aircraft to fly on hydrogen.

About Waltzing Matilda Aviation / Connect Airlines
WMA is a Boston based FAA Part 135 jet charter operator (Certificate number 6WZA614N) in the certification process to add FAA Part 121 scheduled and non-scheduled services to its Air Operators Certificate under the Connect Airlines brand. WMA identified the need for a “smarter airline” and brought together aviation leaders and enthusiasts with over 150 years’ experience who share a common passion – to work and fly smarter. With the planes we fly, the technology we use, and the operations we run, Connect Airlines will deliver a quieter, cleaner, and healthier travel experience. Connect Airlines, the future of smarter, greener travel.

About UP.Summit
Hosted by mobility investment firm UP.Partners, the UP.Summit has become known as the “Davos of Mobility”. UP.Summit is an invitation-only gathering of the world’s most innovative minds working together to Transform the Moving World. Leaders of the most impactful companies moving people and goods gather each year with the goal of accelerating progress toward cleaner, faster, safer, and lower cost mobility solutions on the ground, in the air, over the oceans, and in space. The UP.Summit was founded in 2017 and is jointly organized by UP.Partners, Tom and Steuart Walton, and Ross Perot Jr, rotating between Bentonville, AR and Dallas/Ft. Worth, TX each year.

About UP.Partners
Transportation is the underlying fabric of society. With a mission of Transforming the Moving World, UP.Partners invests in the pioneering entrepreneurs who are creating technologies that help move people and goods cleaner, faster, safer, and lower cost - on the ground, in the air, over the oceans, and in space. UP.Partners joins some of the world's most innovative investors and companies including Alaska Airlines, ARK Invest, and Woven Capital, the investment arm of Toyota subsidiary Woven Planet Group. UP.Summit convenes the mobility community's brightest minds each year to help humanity go UP. Together, the UP community is transforming the moving world. For more information, visit UP.Partners or follow on Twitter @UpPartnersVC or LinkedIn.

Universal Hydrogen
Kate Gundry
This email address is being protected from spambots. You need JavaScript enabled to view it.

Connect Airlines
Scott Brownrigg
This email address is being protected from spambots. You need JavaScript enabled to view it.

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has called for proposals to develop large-scale wind and solar power in Central and Southern Queensland to power its aluminium assets, help meet its climate change ambitions and further encourage renewable development and industry in the region.

The approach, which is through a formal market Request for Proposals (RFP), is intended to support the development of multiple new wind and solar power projects that can, in parallel with firming solutions, start supplying power to Rio Tinto’s Gladstone assets through the Queensland grid by 2030.

Rio Tinto Aluminium Chief Executive Ivan Vella said “As Queensland’s largest energy user, we have an important role to play in driving the development of competitive renewable energy sources for our Gladstone assets and supporting the State’s renewable energy targets.

“It is early in the process, but this is an important step towards meeting both our Group climate change target of halving our emissions by the end of the decade and our commitment to net zero emissions by 2050.”

Rio Tinto is seeking proposals that can competitively meet the energy needs of its three production assets in the Gladstone region: the Boyne smelter, the Yarwun alumina refinery and the Queensland Alumina refinery.

These assets require 1140MW of reliable power to operate, which equates to at least 4000MW of quality wind or solar power with firming.

The RFP follows Rio Tinto’s October 2021 strengthening of its climate commitments, including a target to halve Scope 1 & 2 emissions by 2030 (from a 2018 baseline) and the pursuit of renewable power options for its Australian aluminium smelters.

It also follows the signing of a Statement of Co-operation with the Queensland Government to work towards establishing more renewable energy in Central Queensland.

Further announcements on the RFP will be made when appropriate.

riotinto.com

Please direct all enquiries to This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Relations, Australia

Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: General

Floating offshore wind platform developer bolsters industry expertise to guide next phases of development and commercialisation

DUBLIN, Ireland--(BUSINESS WIRE)--#cleanengineering--Gazelle Wind Power (Gazelle), the developer of a breakthrough floating offshore wind platform, has added four members to its board of directors, expanding its roster of elite energy, entrepreneurial, and legal industry leadership. The new board members include Wartsila’s Mayen Ekong, WAM Investment’s Adelino Costa Matos, Genel Energy Plc’s Esa Ikaheimonen, and E2IN2’s Valentin de Torres-Solanot del Pino.

Mayen Ekong, non-executive director of Gazelle Wind Power, is an international business lawyer and leads the legal team in Wartsila Corporation’s Middle East and Asia Energy business. With significant experience in the energy and maritime sectors, Mayen is an expert in legal, risk, and compliance coverage for business operations. She previously worked for Malaysian energy provider PETRONAS Group subsidiary AET in London and Singapore and for international maritime group BW, where she advised on energy infrastructure projects.

Adelino Costa Matos, non-executive director of Gazelle Wind Power, is an industrialist and pioneer in the wind industry in Portugal. Matos founded WAM Investments in 2013 and previously served as CEO of offshore wind developer ASM Industries from 2007 to 2022. He also served as a board member for a global floating offshore wind technology provider, Principle Power, from 2008 to 2020. Matos has overseen the development of several offshore wind projects, most notably, the WindFloat project—Portugal’s first such project—in 2012 during his time with ASM and Principle Power. Matos is passionate about growing entrepreneurship in Portugal, serving as director and president of the National Association of Young Entrepreneurs (ANJE).

Esa Ikaheimonen, non-executive director of Gazelle Wind Power, has served in multiple relevant senior leadership positions, including two of the world’s largest offshore drilling contractors, Transocean and Seadrill. Ikaheimonen currently serves as Chief Financial Officer and Chief Strategy Officer with ADNOC Drilling. He also brings a 20-year executive history with Shell. Esa has an exceptional track record of transformation and value creation and a unique capital markets experience as an executive and non-executive. He also serves as Chairman of the Audit & Finance Committee for the multinational waste management company, Averda International, and London-listed North Sea natural gas developer and producer, IOG plc.

Valentin de Torres-Solanot del Pino, non-executive director of Gazelle Wind Power, is a founding partner of the Spanish entrepreneurial and investment firm E2IN2. E2IN2 became involved with Gazelle in 2021 when he recognized the potential of Gazelle’s technology to be at the forefront of the future energy landscape. Torres-Solanot del Pino is the owner and Managing Director of Copredije S.A., which provides coordination engineering services. His professional career started more than 30 years ago in various entrepreneurial projects, most of which he spearheaded, in various sectors. In all ventures, he has been committed to sharing and transferring know-how, consistently demonstrating his concern for the environment, equal opportunities, and the removal of barriers of all types.

“By enabling lower-cost production of clean energy in deep-water offshore wind using environmentally sound processes, Gazelle will significantly impact an industry that is on the cusp of unlocking a path toward net-zero,” said Gazelle Chairman Javier Cavada. “Working with this elite group of policymakers, industry veterans, and energy experts on the board of directors, this organization is poised to contribute significantly to the clean energy transition.”

The board’s new members join CEO Jon Salazar, Chairman Dr. Javier Cavada, Non-executive Director Connie Hedegaard, and Non-executive Director David Mesonero.

About Gazelle Wind Power

Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonisation. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, Paris, and Texas. For more information, visit www.gazellewindpower.com.

For Gazelle Wind Power:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
This email address is being protected from spambots. You need JavaScript enabled to view it.

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (NYSE: GPRK) (the “Company”) today announced that it is soliciting consents (the “Consent Solicitations”) from the holders of its (i) 6.500% Senior Notes due 2024 (the “2024 Notes”) and (ii) 5.500% Senior Notes due 2027 (the “2027 Notes” and together with the 2024 Notes, the “Notes”) for the adoption of certain proposed amendments (the “Proposed Amendments”) to the indentures governing the Notes (the “Indentures”) to address the impact of adverse market conditions and related drop in the price of crude oil during 2020 on the Company’s results, which in turn negatively impacted the restricted payments builder basket as currently in effect in both Indentures. In addition, each Consent Solicitation seeks to increase and reset the general restricted payments basket in the Indentures to provide the Company additional restricted payments capacity, which will give the Company additional financial flexibility that is aligned to its improved performance beginning in 2021. As previously disclosed, on May 26, 2022, we redeemed 2024 Notes in an aggregate principal amount of $45 million. We have also effected open market repurchases of the 2024 Notes in an aggregate principal amount of $37.9 million year to date. The aggregate outstanding principal amount of the 2024 Notes is $87.1 million and aggregate outstanding principal amount of the 2027 Notes is $500 million.

As of March 31, 2022, the Company had approximately $10.2 million capacity to make restricted payments under the consolidated net income builder basket and $8 million capacity to make restricted payments under the general restricted payments basket included in each of the Indentures. On a pro forma basis after giving effect to the Proposed Amendments as if they had been operative as of March 31, 2022, the Company’s aggregate capacity to make such restricted payments as of the same date would have been approximately $59.7 million under the builder basket and $60 million under the general restricted payments basket.

The Consent Solicitations are being made pursuant to a Consent Solicitation Statement, dated June 8, 2022 (as may be amended or supplemented from time to time, the “Consent Solicitation Statement”). Each Consent Solicitation was commenced today and will expire at 5:00 p.m., New York City time, on June 15, 2022, unless extended by the Company (each such date and time, as the same may be extended, is referred to as the “Expiration Time”). Only holders of the applicable Notes as of 5:00 p.m., New York City time, on June 8, 2022 (such date and time, including as such date and time may be changed by the Company, from time to time, the “Record Date”) are entitled to consent to the Proposed Amendments pursuant to the applicable Consent Solicitation.

The Proposed Amendments will be set forth in supplemental indentures relating to the Notes and are described in more detail in the Consent Solicitation Statement. To amend either Indenture, the Company must receive consents from holders (as of the Record Date) representing a majority in aggregate principal amount outstanding (not including any Notes which are owned by the Company or any of its affiliates) of such series of Notes (with respect to any such series, the “Requisite Consents”).

With respect to each Consent Solicitation, the Company will, within five business days of the Expiration Time, provided that all applicable conditions to the Consent Solicitations as described in the Consent Solicitation Statement have been satisfied or waived, pay (i) to holders of the 2024 Notes who deliver a consent and for which the applicable Requisite Consents have been delivered and not validly revoked for the 2024 Notes, a cash payment equal to $2.50 per $1,000 principal amount of 2024 Notes in respect of which such consents have been validly delivered prior to the applicable Expiration Time and not validly revoked by such holders as total consideration for such consent (the “2024 Consent Fee”) and (ii) to holders of the 2027 Notes who deliver a consent and for which the applicable Requisite Consents have been delivered and not validly revoked for the 2027 Notes, a cash payment equal to $5.00 per $1,000 principal amount of 2027 Notes in respect of which such consents have been validly delivered prior to the applicable Expiration Time and not validly revoked by such holders as total consideration for such consent (the “2027 Consent Fee” and, together with the 2024 Consent Fee, the “Consent Fees”). No Consent Fees will be paid to any holder of Notes for which series the Requisite Consents have been obtained unless such holder delivers a consent in accordance with the terms of the Consent Solicitation Statement prior to the applicable Expiration Time. The consummation of each Consent Solicitation is conditioned on the receipt of the applicable Requisite Consents for the other Consent Solicitation (but such condition may be waived with respect to one or both series of Notes in the Company’s sole discretion).

Subject to applicable law, the Company reserves the right, in its sole discretion, to (i) extend, terminate or withdraw the Consent Solicitations at any time, (ii) extend the Expiration Time for one Consent Solicitation without extending the Expiration Time for the other Consent Solicitation or (iii) otherwise amend the Consent Solicitations in any respect, including waiving any or all of the conditions to the Consent Solicitations set forth in the Consent Solicitation Statement, at any time and from time to time. The Company further reserves the right, in its sole discretion, not to accept any deliveries of consents with respect to the Notes. The Company is making the Consent Solicitations only in those jurisdictions where it is legal to do so.

Credit Suisse Securities (USA) LLC is acting as solicitation agent for the Consent Solicitations and can be contacted at Credit Suisse Securities (USA) LLC, Attn: Liability Management Group, Collect: (212) 538-2147 or U.S. Toll Free: (800) 820-1653, with questions regarding the Consent Solicitations.

Copies of the Consent Solicitation Statement are available to holders of Notes from D.F. King & Co., Inc., the information agent, tabulation agent and paying agent for the Consent Solicitations. Requests for copies of the Consent Solicitation Statement should be directed to D.F. King at +1 (800) 967-5084 toll free), +1 (212) 269-5550 (collect) or This email address is being protected from spambots. You need JavaScript enabled to view it..

Neither the Consent Solicitations nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Consent Solicitation Statement or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.

The Consent Solicitations are being made solely on the terms and conditions set forth in the Consent Solicitation Statement. Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to sell the Notes or any other securities of the Company or any of its affiliates. The Consent Solicitations are not being made to, nor will the Company accept deliveries of consents from, holders in any jurisdiction in which the Consent Solicitations or the acceptance thereof would not be in compliance with the securities of blue sky laws of such jurisdiction. This press release also is not a solicitation of consents to the Proposed Amendments to the Indentures. No recommendation is made as to whether holders should deliver their consents with respect to the Notes. Holders should carefully read the Consent Solicitation Statement because it contains important information, including the various terms and conditions of the Consent Solicitations.

ABOUT GEOPARK

GeoPark is a leading independent oil and natural gas exploration and production company with operations in Latin America and a proven track record of growth in production and reserves since 2006. GeoPark operates in Colombia, Chile, Brazil and Ecuador.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the consent solicitation. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.

The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.

INVESTORS:

Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
This email address is being protected from spambots. You need JavaScript enabled to view it.

Miguel Bello
Market Access Director
T: +562 2242 9600
This email address is being protected from spambots. You need JavaScript enabled to view it.

Diego Gully
Investor Relations Director
T: +5411 4312 9400
This email address is being protected from spambots. You need JavaScript enabled to view it.

MEDIA:

Communications Department
This email address is being protected from spambots. You need JavaScript enabled to view it.

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#boardofdirectors--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the resignation of Thomas Murley from its Board of Directors, effective June 30, 2022. Mr. Murley, a principal at Two Lights Consulting, has served as a member of Ameresco’s Board of Directors since October 2016.

“It has been a pleasure and an honor to serve on the Ameresco Board of Directors for the last five years,” said Tom Murley. “George Sakellaris and his talented senior management team have built a strong, diversified business addressing transition to low carbon energy. I am proud to have been a small part of it and I am confident that Ameresco will continue to go from strength to strength.”

"On behalf of the entire Board and executive management team, I want to thank Tom for his dedication and valuable contributions to Ameresco throughout his term as a member of our Board of Directors," said George Sakellaris, Ameresco CEO and President. "We wish him continued good fortune in the years to come with both his personal and professional interests.”

With the resignation of Mr. Murley, Ameresco’s Board of Directors will comprise eight directors. To learn more about Ameresco’s current board members, please visit: https://ir.ameresco.com/corporate-governance/board-of-directors.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.

Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

VANCOUVER, British Columbia--(BUSINESS WIRE)--$EVGIF #EVERGEN--EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), announces that the TSX Venture Exchange (“TSXV”) has approved the Company’s Normal Course Issuer Bid (“NCIB”), which will allow EverGen to purchase issued and outstanding common shares of EverGen (“Common Shares”) through the facilities of the TSXV during a 12 month period, commencing on June 8, 2022 and ending on June 7, 2023, or on such earlier date as EverGen may complete its purchases pursuant to the NCIB or as it may otherwise determine.

The Company has implemented the NCIB because it believes that, from time to time, the market price of the Common Shares may not fully reflect the underlying value of the Company's business and its future prospects. Accordingly, the Company believes that having the ability to purchase the Common Shares using cash flow will be in the interest of the Company and represents an opportunity to enhance shareholder value. No previous purchases of Common Shares by EverGen pursuant to an NCIB have been completed.

Under the NCIB, EverGen may acquire up to an aggregate of 668,370 Common Shares over the 12 month period, representing approximately 5% of the 13,367,392 issued and outstanding Common Shares as of May 15, 2022. Additionally, under the NCIB, EverGen may not acquire more than 2% of the issued and outstanding Common Shares in any 30 day period.

Purchases subject to this NCIB will be carried out pursuant to open market transactions through the facilities of the TSXV by Clarus Securities Inc., a Member as defined by the TSXV and its policies, on behalf of EverGen at the prevailing market price of the Common Shares at the time of purchase. All Common Shares purchased by EverGen under the NCIB will be returned to treasury and cancelled.

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

Cautionary Statements Regarding Forward Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes”, and or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: EverGen’s intention to purchase Common Shares pursuant to the NCIB. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder, court or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, EverGen assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

EverGen Investor Contact
Kelly Castledine
416-576-8158
This email address is being protected from spambots. You need JavaScript enabled to view it.

EverGen Media Contact
Katie Reiach
604.614.5283
This email address is being protected from spambots. You need JavaScript enabled to view it.

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces financial results for its first quarter ended April 30, 2022. For additional information, please read the Company’s Quarterly Report on Form 10-Q, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Quarterly Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

Summary Information (dollars in thousands, except per share data)

“We continue to be pleased with the current execution on all of our major projects despite the well-publicized global supply chain disruptions, current inflationary challenges and continued COVID-19 pandemic impacts. These successes for all of our stakeholders reflect the talent and adaptability of our employees,” Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, said. “Earlier today, our international efforts continued to expand, as we announced entering into three new engineering and construction contracts for 195 MW power projects in Ireland. Our sales efforts continue to be a major priority, and we believe there are a number of meaningful projects that will start this year for each of our subsidiaries. Our earnings per share of $0.50 for the first quarter is a reasonable start to the year and we look forward to building on it throughout Fiscal 2023.”

Consolidated revenues for the quarter ended April 30, 2022 were $100.3 million. The primary revenue drivers were the post peak construction activities associated with the Guernsey Power Station project in Ohio, early construction activities on the Kilroot power project in Northern Ireland and an overall sustained level of activity at each business segment. Additionally, during the quarter, the Maple Hill solar energy project revenues were adversely affected by the market disruption in the supply of photovoltaic panels. Consolidated revenues for the quarter ended April 30, 2021 reflected primarily the peak construction activities associated with the Guernsey Power Station project.

For the three-month period ended April 30, 2022, we reported a consolidated gross profit of approximately $19.7 million which represented a gross profit percentage of approximately 19.7% of corresponding consolidated revenues. The gross profit percentages of corresponding revenues for the power industry services, industrial services and the telecommunications infrastructure segments were 20.2%, 17.0% and 26.2%, respectively, for the quarter ended April 30, 2022.

Selling, general and administrative expenses for the three months ended April 30, 2022 and 2021, were $10.6 million and $9.9 million, respectively. For three months ended April 30, 2022, net income attributable to our stockholders was $7.5 million, or $0.50 per diluted share. For the three months ended April 30, 2021, we reported net income attributable to our stockholders in the amount of $10.8 million, or $0.67 per diluted share.

As of April 30, 2022, cash, cash equivalents and short-term investments totaled $367 million and net liquidity was $261 million; furthermore, the Company had no debt. The $73 million reduction in cash, cash equivalents and short-term investments from January 31, 2022 reflected the expected cash flow cycle of two significant projects, the payment of dividends and the repurchase of shares. During the three months ended April 30, 2022, the Company repurchased 710,879 shares of common stock at a cost of $27 million. To date, the Company has repurchased 1,621,808 shares of common stock, or approximately 10% of its outstanding shares, at a cost of approximately $61.7 million under the $75 million share repurchase program authorization. The Company’s consolidated amount of RUPO was approximately $339 million as of April 30, 2022.

About Argan

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains and the resurgence of the COVID-19 pandemic due to the spread of various variants. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.

Company Contact:
Rainer Bosselmann
301.315.0027

Investor Relations Contact:
David Watson
301.315.0027

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the BofA Securities Energy Credit Conference 2022 in New York, New York. The conference is being held in person on Wednesday, June 8th, 2022 and Thursday, June 9th, 2022.

The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.

Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536

International District Energy Association recognizes Vicinity’s growth in servicing buildings in Boston, Cambridge, and Baltimore

TORONTO--(BUSINESS WIRE)--#BOSpoli--Vicinity Energy has been recognized by the International District Energy Association (IDEA) for the growth of its services in Baltimore, Boston, and Cambridge.

The annual award highlights industry growth, recognizing the district energy systems with the largest total number of buildings and building area in square feet committed or recommitted to district energy service by IDEA member systems. In the “Number of Buildings Committed” category, Vicinity’s Boston-Cambridge system received the Gold award, and its Baltimore system received the Bronze award. The company was also recognized for “Total Building Area Committed,” with its Boston and Cambridge system and Baltimore system winning the Silver and Bronze awards, respectively.

With a commitment to achieve net zero carbon emissions by 2050, Vicinity is actively working towards electrifying its district energy systems in Boston and Cambridge, with its other districts to follow.

The company’s multi-pronged decarbonization and electrification plan includes the installation of innovative technologies such as electric boilers, industrial-scale heat pumps, and thermal batteries. As a key part of this strategy, Vicinity Energy announced the launch of eSteam™, the first-ever carbon-free energy product powered by renewable energy.

“We are honored to be recognized by the IDEA community and value the trust that our long-term and new customers have in our teams. We are excited about the opportunity to continue district energy’s long history of innovation to propel our cities towards a clean energy future,” said Brian Mueller, chief development officer for Vicinity Energy. “We are especially thrilled that the decarbonization efforts we are making at our central facility in Cambridge, Mass. will immediately affect all the buildings we serve in lowering carbon emissions in our neighborhoods and cities.”

To read more about Vicinity’s district energy systems and its commitment to innovation and the environment, click here.

About Vicinity Energy

Vicinity Energy is a clean energy company that owns and operates the nation’s most extensive portfolio of district energy systems. Vicinity produces and distributes reliable, clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. Vicinity is committed to achieving net zero carbon across its portfolio by 2050. Vicinity continuously invests in its infrastructure and the latest technologies to accelerate the transition and rapidly decarbonize commercial and institutional buildings in city centers. For more information about Vicinity’s Clean Energy Future commitment, visit www.vicinityenergy.us.

Media
Sara DeMille
Senior Director of Marketing and Communications
857 557 7838
This email address is being protected from spambots. You need JavaScript enabled to view it.

KORE Power batteries will be installed at new 10 MW/20 MWh grid scale battery collaboration between ABB and Ecotricity project which paves the way for UK’s National Grid journey to Net Zero by 2050 and highlights the potential of BESS to stabilize the grid

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--KORE Power, a leading US-based manufacturer of lithium-ion battery cells for e-mobility and energy storage solution projects, will provide the batteries for a ground-breaking partnership between ABB and Ecotricity which advances the UK National Grid towards its 2050 Net Zero goal.

The project also represents a key step for KORE Power in the rapidly growing UK market.

“KORE Power drives energy storage solutions that deliver a cleaner electricity sector. We share the vision of ABB and Ecotricity that renewable, reliable energy is the smart choice for business and for the planet,” said Lindsay Gorrill, Co-Founder and CEO of KORE Power. “This project demonstrates that our clean energy future has arrived.”

ABB’s grid scale Battery Energy Storage Solution (BESS) will be installed at Ecotricity’s existing 6.9 MW wind farm in Gloucestershire in 2023. The project will not only provide a material addition to the company’s renewable energy offering but will also highlight the potential of short-term fast response technologies like BESS to add additional stability to the UK’s National Grid, a crucial hurdle as it moves towards Net Zero.

For the project, which will be co-located alongside Ecotricity’s wind farm in Alveston, Gloucestershire, KORE will supply its Mark 1 energy storage modules equipped with its high energy density NMC pouch technology. KORE’s Mark 1 system is fully certified under UN 38.3, UL 1973 and IEC 62619, and achieved UL 9540A. The system will deliver the ability to meet the project’s goal to stabilize the grid while providing an effective way to capture clean energy.

The installation of ABB’s eStorage MAX scalable BESS will help the company to manage its exposure to high spot-trading energy costs, as well as offering flexibility response to the National Grid as it transitions to Net Zero. The BESS will be integrated with Ecotricity’s Smart Grid platform and will use the company’s proprietary optimization model to dispatch the battery energy storage according to system needs.

Mark Meyrick, Head of Smart Grids, Ecotricity, said: “We’ve been working towards our first grid scale battery as we’ve been developing our Smart Grid platform – and we’re looking forward to taking this next step with ABB. This project is a first for us and will enable us to manage demand for renewable energy, as well as develop a greater understanding of the deployment of storage for flexibility requirements.”

“As the UK continues its journey to net zero, ABB is excited to partner with Ecotricity and KORE Power on this 20 MWh grid scale battery project, which will help to stabilize the grid. BESS is key to unlocking some of the challenges ahead, providing a highly effective way to capture clean energy and balance energy generation against demand to build grid resilience,” said Calogero Saeli, Global Product Group Manager, ABB Electrification Distribution Solutions.

KORE Power

KORE Power, Inc., is a leading US-based developer of battery cell technology for the clean energy industry, serving energy storage, e-mobility, utility, industrial and mission-critical markets across the globe. KORE Power designs and manufactures its proprietary NMC and LFP cells, VDA modules and packs, optimized by the battery management system. Through its global partnerships, KORE designs and manufactures top-tier energy storage systems (ESS).

Cautionary Statement

Certain statements contained herein constitute forward-looking statements, including but not limited to statements about the plans, objectives, and expectations. All statements included herein, other than statements of ‎historical fact, are forward-looking information and such information involves various risks and ‎uncertainties. KORE Power, Inc. believes the expectations reflected in these forward-looking statements are ‎reasonable, but no assurance can be given that these expectations will prove to be correct and ‎such forward-looking statements in this news release should not be unduly relied upon. Forward-‎looking statements included in this news release are made as of the date of this news release and ‎ KORE Power disclaims any intention or obligation to update or revise any forward-looking statements, ‎whether as a result of new information, future events or otherwise, except as expressly required by ‎applicable securities legislation.‎

Peter Gray
This email address is being protected from spambots. You need JavaScript enabled to view it.
(312) 883-5044

Aleysha Newton
This email address is being protected from spambots. You need JavaScript enabled to view it.
(208) 758-9392

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today that its Chief Operating Officer, Ivan Van der Walt, will leave the company to pursue other opportunities, effective June 10, 2022. His legacy is the strong engineering, construction, and regulatory leadership team he assembled that is responsible for helping deliver the Rio Grande LNG export project and the development of NEXT Carbon Solutions proprietary processes.

“Ivan has helped grow NextDecade and his leadership has helped ensure we have the right team and processes in place to begin the construction of Rio Grande LNG in the second half of this year,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “I wish him all the best in his future endeavors.”

Assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision (“FID”) on a minimum of two trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining three trains to follow thereafter.

About NextDecade Corporation

NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO₂ emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” and “forecast” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and 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 NextDecade’s progress in the development of its LNG liquefaction and export projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal and the pipeline to supply gas to the Terminal; ability to secure additional debt and equity financing in the future to complete the Terminal on commercially acceptable terms; accuracy of estimated costs for the Terminal; ability to achieve operational characteristics of the Terminal, when completed, including liquefaction capacities, and any differences in such operational characteristics from expectations; development risks, operational hazards and regulatory approvals applicable to NextDecade's development, construction and operation activities and those of its third-party contractors and counterparties; technological innovation which may lessen NextDecade's anticipated competitive advantage or demand for its offerings; global demand for and price of LNG; availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industries, including environmental laws and regulations that impose significant compliance costs and liabilities; global pandemics, including the 2019 novel coronavirus pandemic, the Russia-Ukraine conflict, other sources of volatility in the energy markets and their impact on NextDecade's business and operating results, including any disruptions in its operations or development of the Terminal and the health and safety of its employees, and on its customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade's ability to maintain the listing of our securities on the Nasdaq Capital Market or another securities exchange or quotation medium; changes adversely affecting the businesses in which NextDecade is engaged; management of growth; general economic conditions; ability to generate cash; and the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Boat Building And Repairing Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global boat building and repairing market is expected to grow from $34.87 billion in 2021 to $38.16 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The market is expected to grow to $52.6 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%.

Major companies in the boat building and repairing market include BRP Inc, Berkshire Hathaway Inc, BRUNSWICK CORPORATION, Fincantieri SpA, Groupe Beneteau, Daewoo shipbuilding & marine engineering, Malibu Boats, Polaris, MasterCraft Boat Holdings, and Marine Products Corporation.

The boat building and repairing market consists of sales of boats and boat building and repairing services and related services by entities (organizations, sole traders, and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats, and inflatable rubber boats.

The main types in the boat building and repairing market are boat building and boat repairing. The boat building and repairing market refers to the facility that is used primarily for the maintenance and construction of boats. The various propulsion include motorboats, sailboats. These are used in private use, commercial use, and military use.

Asia Pacific was the largest region in the boat building and repairing market in 2021. North America was the second-largest region in the boat building and repairing market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Advances in technology are expected to be a continued driver of market growth in the forecast period. The global boat building and repairing industry has experienced many technological advances in the last decade and this trend is expected to intensify.

The new features to expect in boats include autonomous driving, black finishing, wellness features, modern lighting, driver override systems, comprehensive tracking, active health monitoring, and reconfigurable body panels. These innovations are expected to drive the boat building and repairing market during the forecast period.

Boatbuilding companies are increasingly using 3d printing technology in the manufacture of boats. 3D printing involves the building of three-dimensional objects using a digital model by laying successive layers of material. 3D printing provides boat manufacturers with advantages such as adjustability, cost reduction, and convenience.

Manufacturing companies are focusing on new products, especially for fishing and water sports. Many high-end yachts are already using 3D printed parts. For instance, in the USA, the UMaine (University of Maine) team built the largest 3D printed boat using the largest prototype polymer 3D Printer.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Boat Building And Repairing Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Boat Building And Repairing Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Boat Building And Repairing Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Boat Building And Repairing Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Boat Building And Repairing Market Trends And Strategies

8. Impact Of COVID-19 On Boat Building And Repairing

9. Boat Building And Repairing Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers Of The Market

9.2.2. Restraints On The Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers Of The Market

9.3.2. Restraints On The Market

10. Boat Building And Repairing Market Regional Analysis

10.1. Global Boat Building And Repairing Market, 2021, By Region, Value ($ Billion)

10.2. Global Boat Building And Repairing Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region

10.3. Global Boat Building And Repairing Market, Growth And Market Share Comparison, By Region

11. Boat Building And Repairing Market Segmentation

11.1. Global Boat Building And Repairing Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Boat Building
• Boat Repairing

11.2. Global Boat Building And Repairing Market, Segmentation By Propulsion, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Motor Boats
• Sail Boats

11.3. Global Boat Building And Repairing Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Private Use
• Commercial Use
• Milatary Use

12. Boat Building And Repairing Market Metrics

12.1. Boat Building And Repairing Market Size, Percentage Of GDP, 2016-2026, Global

12.2. Per Capita Average Boat Building And Repairing Market Expenditure, 2016-2026, Global

Companies Mentioned

• BRP Inc.
• Berkshire Hathaway Inc.
• BRUNSWICK CORPORATION
• Fincantieri SpA
• Groupe Beneteau
• Daewoo shipbuilding & marine engineering
• Malibu Boats
• Polaris
• MasterCraft Boat Holdings
• Marine Products Corporation

For more information about this report visit https://www.researchandmarkets.com/r/6i1i6w

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

• Five-year strategy advances plans to gain traction in new markets, increase penetration in existing markets and mature to full life cycle product business
• Two-prong approach strengthens and redirects legacy heat transfer and vacuum technology operations and invests in advancement of new fluid and power technologies business

BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced today its five-year strategic plan that is expected to drive high single digit revenue growth and low double digit to mid-teens adjusted EBITDA margins¹.

Daniel J. Thoren, President and CEO, commented, “These are exciting times for Graham as we leverage our business acumen and operational strengths to build a scalable enterprise with stronger earnings potential. Our engineering expertise in complex fluid, power, heat transfer and vacuum systems technologies provides opportunities to expand our business and reach new customers. We have successfully transitioned into a diversified business with a solid defense industry base complemented by our well established refining and petrochemical industry presence. Importantly, we are gaining traction in the advanced energy, specifically hydrogen, and space markets as well.”

Grahams’ strategy takes a two-pronged approach to address the current status of its two operations, which are at different business cycle stages. The Batavia operation is focused on implementing improved processes, enhancing its team with new talent and increasing engagement to drive productivity, profitability and growth. To drive improvement, the Company is establishing a new business system centered on integration, accountability and transparency.

Mr. Thoren added, “Advancing this strategy for our heat transfer and vacuum technology business creates many opportunities for building a stable defense business providing critical equipment to the U.S. Navy while also rethinking how and where we go to market with our commercial products for our refining and petrochemical customers.

“The addition of Barber-Nichols (“BN”) last year was a step change for Graham, enabling a second prong to our strategy to enhance that business’s potential to gain greater market share, expand its product portfolio and address key markets with strong tailwinds.”

BN had evolved over the last ten years from a custom engineered, prototype manufacturer to a key provider of highly engineered solutions of critical equipment for higher volume applications. The Company believes this has created scalability, greatly improves margins and enables full product lifecycle support – from original design and development through aftermarket refurbishment and repair.

Mr. Thoren concluded, “We see similar potential in our legacy business to advance to a full product lifecycle model. Combined, we believe we have the potential to measurably grow over the next five years and deliver earnings at an even higher rate of growth. We believe this also establishes our platform and approach for further acquisitions and expansion in the future.”

Corporate Strategy and Financial Results Webinar

The Company will host a webinar to discuss its corporate strategy and fourth quarter and fiscal year 2022 financial results tomorrow, June 9, at 11:00 a.m. Eastern Time. Internet webcast link and accompanying slide presentations will be available here: https://ir.grahamcorp.com/.

A question-and-answer session will follow the presentations. Questions may be submitted through the webinar portal or, alternatively, a teleconference number will be provided to ask any questions live at the event.

A webcast replay will be available on the Company’s investor relations website, where a transcript will also be posted once available.

Safe Harbor Regarding Forward Looking Statements

This news release contains 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.

Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “anticipates,” “believes,” “could,” “opportunities,” “potential,” “plan(s),” ”may,” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, its ability and the timing needed to address challenges in its business, including at the Batavia, NY operations, profitability of future projects, the development and impact of improved processes, the evolution to a full life cycle product business, expected expansion and growth opportunities within its existing and new markets, anticipated revenue, earnings growth and the rate of such growth, adjusted EBITDA margins, profit margins, its ability to improve cost competitiveness and productivity, customer preferences, changes in market conditions in the industries in which it operates, its acquisition and growth strategy, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation’s most recent Annual Report filed with the Securities and Exchange Commission, included under the heading entitled “Risk Factors.”

Should one or more of these risks or uncertainties materialize or should any of Graham Corporation’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation’s forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

Forward-Looking Non-GAAP Measures

Forward looking adjusted EBITDA margin is a non-GAAP measures. The Company is unable to present a quantitative reconciliation of this forward-looking non-GAAP financial measure to its most directly comparable forward-looking GAAP financial measure because such information is not available, and management cannot reliably predict the necessary components of such GAAP measure without unreasonable effort largely because forecasting or predicting our future operating results is subject to many factors out of our control or not readily predictable. In addition, the Company believes that such reconciliation would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s fiscal 2023 financial results. This non-GAAP financial measure is a preliminary estimate and is subject to risks and uncertainties, including, among others, changes in connection with purchase accounting, quarter-end and year-end adjustments. Any variation between the Company’s actual results and preliminary financial estimates set forth above may be material.

ABOUT GRAHAM CORPORATION

Graham is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries. The Graham Manufacturing and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps and turbomachinery technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems.

Graham routinely posts news and other important information on its website, www.grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

¹ Forward looking adjusted EBITDA margin is a non-GAAP measure. See the note regarding forward looking non-GAAP measures at the end of this release.

Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216

Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Helium Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global helium market is expected to grow from $4,144.85 million in 2021 to $4,454.23 million in 2022 at a compound annual growth rate (CAGR) of 7.5%. The market is expected to grow to $6,135.77 million in 2026 at a CAGR of 8.3%.

Major players in the helium market are Airgas, Air Liquid, Linde, Messer Group, Air Products, Gazprom, Gulf Cryo, Matheson Tri-Gas, Exxon, Praxair, and Buzwair.

The helium market consists of sales of helium gas. Helium is a chemical element also known as Nobel gas (inert gas) which is available in natural gas form and can be converted into liquid form by lowering the temperature to below -270 degrees.

The main types of helium are liquid helium and gaseous helium. Liquid helium is a superfluid, it acts essentially like a fluid with zero viscosity governed by the Euler equations. These are used in applications such as breathing mixes, cryogenics, leak detection, pressurizing and purging, welding, controlled atmosphere, and other applications that are used by end users such as aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding, and metal fabrication, and other end-user industries.

Asia Pacific was the largest region in the helium market in 2021. North America was the second-largest region in the helium market. The regions covered in the helium report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The helium market growth is expected to be driven by the growing demand from the healthcare industry. Helium is widely used in various disease diagnosis equipment, as it has unique properties such as inert in nature, non-reactive with other elements, noncorrosive and non-flammable.

Helium is used in various applications in the healthcare industry such as adjunct therapy in asthma exacerbation, ARDS, croup, COPD, and bronchiolitis. For instance, Helium is utilized in magnetic resonance imaging (MRI) apparatus to regulate powerful magnets, which is useful for monitoring various conditions within the abdominal, chest, and pelvis also useful in pregnancy diagnosis.

Stringent safety regulations associated with the manufacturing and transportation of helium gas were a major restraint on the market. These substances are toxic and hazardous when exposed to exposed extreme temperatures and pressures.

Companies in this industry should invest in equipment, technologies, and processes to limit toxic levels and chemical concentrations. These regulations increased the operating costs of companies in this industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the market growth.

The decline of existing helium supply sources, particularly in the US Bureau of Land Management's (BLM) system, are causing industrial gas companies and distributors to seek new sources of helium supply such as the production of helium from non-hydrocarbon sources.

Key Topics Covered:

1. Executive Summary

2. Helium Market Characteristics

3. Helium Market Size And Growth

3.1. Global Helium Historic Market, 2016 - 2021, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Helium Forecast Market, 2021- 2026F, 2031F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Helium Market Segmentation

4.1. Global Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

• Liquid Helium
• Gaseous Helium

4.2. Global Helium Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

• Breathing Mixes
• Cryogenics
• Leak Detection
• Pressurizing and Purging
• Welding
• Controlled Atmosphere
• Other Applications

4.3. Global Helium Market, Segmentation By End Userr, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

• Aerospace and Aircraft
• Electronics and Semiconductors
• Nuclear Power
• Healthcare
• Welding and Metal Fabrication
• Other End-User Industries

5. Helium Market Regional And Country Analysis

5.1. Global Helium Market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

5.2. Global Helium Market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

6. Asia-Pacific Helium Market

6.1. Asia-Pacific Helium Market Overview

6.2. Asia-Pacific Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

7. China Helium Market

7.1. China Helium Market Overview

7.2. China Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F,$ Billion

8. India Helium Market

8.1. India Helium Market Overview

8.2. India Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

9. Japan Helium Market

9.1. Japan Helium Market Overview

9.2. Japan Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

10. Australia Helium Market

10.1. Australia Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

11. Indonesia Helium Market

11.1. Indonesia Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

12. South Korea Helium Market

12.1. South Korea Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

13. Western Europe Helium Market

13.1. Western Europe Helium Market Overview

13.2. Western Europe Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

14. UK Helium Market

14.1. UK Helium Market Overview

14.2. UK Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

15. Germany Helium Market

15.1. Germany Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

16. France Helium Market

16.1. France Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

17. Eastern Europe Helium Market

17.1. Eastern Europe Helium Market Overview

17.2. Eastern Europe Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

18. Russia Helium Market

18.1. Russia Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

19. North America Helium Market

19.1. North America Helium Market Overview

19.2. North America Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

20. USA Helium Market

20.1. USA Helium Market Overview

20.2. USA Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

21. South America Helium Market

21.1. South America Helium Market Overview

21.2. South America Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

22. Brazil Helium Market

22.1. Brazil Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

23. Middle East Helium Market

23.1. Middle East Helium Market Overview

23.2. Middle East Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

24. Africa Helium Market

24.1. Africa Helium Market Overview

24.2. Africa Helium Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

25. Helium Market Competitive Landscape And Company Profiles

25.1. Helium Market Competitive Landscape

25.2. Helium Market Company Profiles

25.2.1. Airgas

25.2.2. Air Liquid

25.2.3. Linde

25.2.4. Messer Group

25.2.5. Air Products

26. Key Mergers And Acquisitions In The Helium Market

27. Helium Market Trends And Strategies

28. Helium Market Future Outlook and Potential Analysis

Companies Mentioned

• Airgas
• Air Liquid
• Linde
• Messer Group
• Air Products
• Gazprom
• Gulf Cryo
• Matheson Tri-Gas
• Exxon
• Praxair
• Buzwair
• Badger Midstream
• Iceblick
• RasGas
• Taiyo Nippon Sanso
• PGNiG
• NexAir LLC
• Qatargas Operating Company Limited
• Renergen
• Weil Group
• Iwatani Corporation

For more information about this report visit https://www.researchandmarkets.com/r/tu0vbc

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

• Revenue of $39.7 million in the quarter, up 55% over prior-year period; fiscal 2022 revenue increased 26% to $122.8 million
• Defense industry revenue in quarter of $18.7 million was 47% of total and was $62.2 million, or 51% of total, for the fiscal year demonstrating shift in business mix
• Yearend backlog was $256.5 million including $195 million, or 76%, related to the defense industry
• Barber-Nichols acquisition contributed 62% of orders in quarter, or $14.6 million of $23.7 million total and continued to outperform expectations
• Recorded fourth quarter net loss of $1.4 million and $0.4 million in adjusted EBITDA*; fiscal 2022 net loss of $8.8 million
• Recently shipped on schedule first article U.S. Navy project; delivery advanced efforts to reduce cost overruns
• Expect fiscal 2023 revenue to grow to $135 million to $150 million, up 16% at mid-point over fiscal 2022; expect adjusted EBITDA* to increase to $6.5 million to $9.5 million

BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, today reported financial results for its fourth quarter and full fiscal year ended March 31, 2022, (“fiscal 2022”). Financial results include those of Barber-Nichols, LLC (“BN” or “the acquisition”) from the date it was acquired on June 1, 2021.

Daniel J. Thoren, President and CEO, commented, “Fiscal 2022 was a challenging year, but we made good progress in the quarter and are validating our strategy to increase margins overall and in markets with strong growth drivers such as defense and space. Importantly, we are improving processes and have added talent to mitigate the challenges in our Batavia, NY defense operations. In addition, our fluid and power business is winning new contracts that provide opportunity for more growth and long-term production, and our aftermarket sales continue to be strong, which is a leading indicator for future capital investment by our customers.

"Notably, we recently shipped a first article condenser for a critical navy submarine application and are on schedule to ship additional critical U.S. Navy projects throughout fiscal 2023. As we make further progress on our production schedule and grow our welding staff, we will be able to reduce our reliance on contract welders. This is expected to help with margin improvement over the coming quarters.”

Fiscal 2023 Outlook

Mr. Thoren concluded, “The future of Graham is very positive. At the heart of the Company, we are engineering experts in complex fluid, power, heat transfer and vacuum systems. Expanding our focus to more growth-oriented markets of defense, space and alternative energy, augments our legacy energy and process businesses where we have a large global installed base. As we look out over the next five years, a new, reenergized Graham has the platform to grow in fluid and power technologies and plans to build a better heat transfer and vacuum technologies business. We believe that over time this strategy will create a stronger enterprise with materially expanded adjusted EBITDA margins in the low to mid-teens with high single-digit top-line growth as we continually improve.”

Revenue in fiscal 2023 is expected to be $135 million to $150 million with gross margins of approximately 16% to 17% and selling, general and administrative (“SG&A”) expenses to be approximately 15% to 16% of sales. The expected effective tax rate for fiscal 2023 is approximately 21% to 22%. Adjusted EBITDA for fiscal 2023 is expected to be approximately $6.5 million to $9.5 million, yielding an adjusted EBITDA margin^* of approximately 5% to 6% compared with a $5.0 million loss in fiscal 2022. The Company expects the first quarter of fiscal 2023 to remain challenging and for results to improve as the year progresses.

Capital expenditures for fiscal 2023 are expected to be $4.5 million to $5.5 million.

Separately today, the Company announced its new strategic plan outlining its operating and financial goals.

Fourth Quarter Fiscal 2022 Sales Summary (All comparisons are with the same prior-year period unless noted otherwise.)

Net sales of $39.7 million increased 55%, or $14.0 million, as acquired revenue of $15.9 million and strong aftermarket sales were partially offset by declines in the organic businesses. By industry, improvements in the defense and space industry, which is new to the Company with the acquisition of BN, offset weakness in refining and chemical/petrochemical sales. See the accompanying financial tables for a further breakdown of sales by industry and region.

*Graham believes that adjusted EBITDA (defined as consolidated net (loss) income before net interest expense, income taxes, depreciation, amortization, other acquisition related expenses (income), and other unusual/nonrecurring expenses), and adjusted EBITDA margin (adjusted EBITDA as a percentage of sales), which are non-GAAP measures, help in the understanding of its operating performance. Moreover, Graham’s credit facility also contains ratios based on adjusted EBITDA as defined in the lending agreement. Graham also believes that adjusted diluted (loss) earnings per share, which excludes intangible amortization, other costs related to the acquisition, and other unusual/nonrecurring (income) expenses, provides a better representation of the cash earnings of the Company. See the attached tables and other information on pages 11 and 12 for important disclosures regarding Graham’s use of adjusted EBITDA, adjusted EBITDA margin and adjusted diluted (loss) earnings per share, as well as the reconciliation of net (loss) income to adjusted EBITDA and diluted (loss) earnings per share.

Compared with the prior year period, the decline in gross profit and contraction of gross margin reflected challenges with the defense business at Graham’s Batavia operations which had lower sales and higher costs relating to material and labor over runs for first article projects. Sequentially, gross margin improved 8.7 percentage points as the Company advanced these projects, improved processes, and reduced related costs.

SG&A expenses in the fourth quarter of fiscal 2022 were $6.1 million, up $1.7 million over the prior-year period including $0.3 million of intangible amortization. The acquisition added $1.7 million in incremental SG&A expenses in the quarter and there was an additional $0.2 million related to CFO transition costs and $0.3 million of costs in connection with a credit agreement amendment and waiver.

Net loss and loss per diluted share were $1.4 million and $0.13, respectively. On a non-GAAP basis, which excludes intangible amortization, other costs related to the acquisition, and other unusual/nonrecurring (income) expenses, adjusted diluted loss per share^* was $0.02.

Net sales for the full fiscal year of 2022 were $122.8 million, up $25.3 million, or 26%, driven by sales of $47.9 million from the BN acquisition and higher aftermarket sales. Sales to the defense industry increased 160%, or $38.2 million, to $62.2 million, representing 51% of total revenue. The expansion in defense was partially offset by declines in the commercial refining and chemical markets, primarily in Asia.

Sales in the U.S. increased $44.9 million, or 85%, to $97.6 million and was 80% of total sales in the full year of fiscal 2022, as revenue from the acquisition is primarily in the U.S. International sales, which accounted for 20% of total sales, decreased by $19.6 million, or 44%, to $25.2 million.

Gross profit and margin were down compared with the prior-year period due to the same factors which impacted the quarter. The Company elected to over-resource certain critical defense orders in its Batavia operation, which included increasing the use of contract welders to meet delivery schedules and redirecting resources away from commercial business. Combined with cost overruns, Graham estimates that these factors were an impact of over $10 million to gross profit in fiscal 2022. The BN acquisition and strong aftermarket sales helped to offset those losses. The impact of the low margin defense projects and related cost overruns in the Batavia operations are expected to lessen over the coming quarters and are expected to be completed before the end of fiscal 2023.

SG&A expenses in the full year of fiscal 2022 were $21.3 million, including intangible amortization of $0.9 million, an increase of $3.8 million, compared with SG&A expenses of $17.5 million in the full year of fiscal 2021. The increase was primarily due to the addition of the BN business which added $4.8 million in incremental expenses as well as costs associated with the acquisition, executive management transition and financing. Offsetting these increases was reduced incentive compensation.

Net loss and loss per diluted share were $8.8 million and $0.83, respectively. On a non-GAAP basis, which excludes intangible amortization, other costs related to the acquisition, and other unusual/nonrecurring (income) expenses, adjusted diluted loss per share* was $0.62.

Cash Management and Balance Sheet

Cash generated from operations in the quarter was $12.3 million. Cash, cash equivalents and investments at March 31, 2022, were $14.7 million compared with $14.0 million at December 31, 2021, and $65.0 million at the end of fiscal 2021, which was prior to the BN acquisition. Capital expenditures in the quarter were $0.4 million and for fiscal 2022 were $2.3 million.

Debt at the end of the fourth quarter was reduced by $10.4 million to $18.4 million compared with the end of the fiscal 2022 third quarter. Graham executed a waiver and amendments to its credit agreement, which expanded availability for letters of credit and changed the minimum EBITDA requirements. The Company is in compliance with all financial covenants of that agreement.

Orders for the three-month period ended March 31, 2022, were up $10.3 million, or 77%, to $23.7 million compared with $13.4 million for the same period of fiscal 2021. Orders related to the acquisition were $14.6 million for the fiscal 2022 fourth quarter.

Coming off strong orders in the third quarter of fiscal 2022, defense industry orders in the fourth quarter were $2.8 million, reflecting the timing of project releases. Space orders had a solid sequential increase of 86% to $5.4 million. In the energy business, refining was down 57% sequentially from the third quarter, but was up 50% compared with the prior-year period. Orders from the chemical and petrochemical market stabilized with a comparable level of orders over the past three fiscal quarters.

Aftermarket and small parts orders for the refining and chemical/petrochemical markets improved in the fourth quarter. This business tends to be a leading indicator of future capital investments by customers in this market.

Backlog at March 31, 2022, was $256.5 million, compared with $272.6 million at December 31, 2021, and $137.6 million at March 31, 2021. The 6% sequential decrease primarily reflects backlog being released for delivery. The acquisition added $117.8 million to fiscal 2022 yearend backlog. Approximately 40% to 50% of orders currently in our backlog are expected to be converted to sales within one year. Most of the orders that are expected to convert beyond twelve months are for the defense industry, specifically the U.S. Navy.

Backlog by industry at March 31, 2022, was approximately:

• 76% for defense projects
• 10% for refinery projects
• 5% for chemical/petrochemical projects
• 4% for space projects
• 5% for other industrial applications

Corporate Strategy and Financial Results Webinar

The Company will host a webinar to discuss its corporate strategy and fourth quarter and fiscal year 2022 financial results tomorrow, June 9, 2022 at 11:00 a.m. Eastern Time. Internet webcast link and accompanying slide presentations will be available here: https://ir.grahamcorp.com/.

A question-and-answer session will follow the presentations. Questions may be submitted through the webinar portal or, alternatively, a teleconference number will be provided to ask any questions live at the event.

A webcast replay will be available on the Company’s investor relations website, where a transcript will also be posted once available.

ABOUT GRAHAM CORPORATION

Graham is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries. The Graham Manufacturing and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps and turbomachinery technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems.

Graham routinely posts news and other important information on its website, www.grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

Safe Harbor Regarding Forward Looking Statements

This news release contains 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.

Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “outlook,” “anticipates,” “believes,” “could,” “tends,” “opportunity,” “plans,” ”may,” “will,” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, its ability and the timing needed to address challenges in its defense business, including at the Batavia, NY operations, profitability of future projects, the development and impact of improved processes, its ability to meet customers’ delivery expectations, the future impact of low margin defense projects and related cost overruns, expected expansion and growth opportunities within its domestic and international markets, anticipated revenue, adjusted EBITDA, adjusted EBITDA margins, and SG&A expenses, the timing of conversion of backlog to sales, market presence, profit margins, tax rates, foreign sales operations, its ability to improve cost competitiveness and productivity, customer preferences, changes in market conditions in the industries in which it operates, labor constraints, the effect on its business of volatility in commodities prices, including, but not limited to, changes in general economic conditions and customer behavior, forecasts regarding the timing and scope of the economic recovery in its markets, its acquisition and growth strategy and its operations in China, India and other international locations, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation’s most recent Annual Report filed with the Securities and Exchange Commission, included under the heading entitled “Risk Factors.”

Should one or more of these risks or uncertainties materialize or should any of Graham Corporation’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation’s forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.

Forward-Looking Non-GAAP Measures

Forward looking adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures. The Company is unable to present a quantitative reconciliation of these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort largely because forecasting or predicting our future operating results is subject to many factors out of our control or not readily predictable. In addition, the Company believes that such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s fiscal 2023 financial results. These non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others, changes in connection with purchase accounting, quarter-end and year-end adjustments. Any variation between the Company’s actual results and preliminary financial estimates set forth above may be material.

FINANCIAL TABLES FOLLOW.

Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216

Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share as part of its ongoing quarterly dividend program. The dividend is payable on July 22, 2022 to stockholders of record as of the close of business on July 6, 2022.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
This email address is being protected from spambots. You need JavaScript enabled to view it.

TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that Hon. Brian Tobin has joined our Advisory Board with the objective of providing strategic guidance in the development of our Malmbjerg molybdenum deposit in east Greenland as well as strengthening our relations with the relevant financial stakeholders.

Brian served as the Federal Minister of Industry from October 2000-January 2002, prior to which he served as the Premier of Newfoundland and Labrador from 1996-2000. He served as a Member of Parliament from 1980-1996, and as Minister of Fisheries and Oceans in the federal cabinet from 1993-1996. Mr. Tobin was named as an Officer of the Order of Canada in 2013 for his contribution to Canadian public policy as a federal and provincial politician, and for supporting economic development in Newfoundland and Labrador. Brian is currently Vice Chair, Bank of Montreal Financial Group. Among others, he previously served as Executive Chairman, President & CEO of Consolidated Thompson Iron Mines Ltd. (CLM), an iron ore mining project located in the province of Labrador that went from greenfield exploration to production and was sold to Cliffs Natural Resources for $4.9 billion (C$17.25 per share). CLM was one of the biggest global mining deals in 2011. Brian is a member of the Institute of Corporate Directors and a graduate of the Directors Education Program. He has been awarded honorary degrees by both St. Francis Xavier University and Brock University.

Dr. Ruben Shiffman, Chairman, commented: “We all know Brian as a very successful politician, mining executive and banker, what not many people know is that while on my board of our previous successful TSX listed mining company, Brian was not only instrumental in raising money but was also my strongest supporter in creating a unique Corporate Social Responsibility structure where we incorporated a poor community of artisanal miners into our mining project with actions that went way beyond legal obligations, contracts, and license agreements. Some of the empirical results were that people in the community increased their wealth significantly thus improving the quality of life of their future generations; infrastructure like roads, the school and church improved; the community was a significant shareholder and represented most of the work force in the Company and kids learned English as a second language.”

Hon. Brian Tobin commented: “I have enjoyed a strong working relationship with Ruben in the past. He is hard working, has integrity in all his relationships and understands that this project needs not only capital and talent but a close working relationship and the endorsement of the people and government of Greenland. I believe Ruben has assembled a world class team to deliver this project and I look forward to working with him to bring economic opportunity to Greenland society and critical mineral security to Europe.”

Qualified Person Statement

The news release has been reviewed and approved by Mr. Jim Steel, P.Geo., M.B.A. a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

About Greenland Resources Inc.

Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced CO₂ emissions and water usage, low aquatic disturbance and low footprint due to modularized infrastructure with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS₂, for 571 million pounds of contained molybdenum metal. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, which concluded an expected Base case after-tax IRR of 22.4%, NPV6% of US$1.17 billion (€1.02 billion) and a Levered pre-tax IRR of 40.4%, after tax IRR of 33.8% and payback of 2.4 years.

The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com

About Molybdenum and the European Union

Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 25 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate member country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content, makes it an ideal source of molybdenum for the world leading high performance steel industry in Europe.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.

These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.

Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer

Corporate office 25 York Street, Unit 1810 Toronto, ON M5J 2V5, Canada
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca

New LACI Fund to Provide an Affordable Alternative to Venture Capital For Startups; By Not Requiring Personal Collateral or Credit Scores, LACI Aims to Help Underrepresented Founders in Particular Overcome Historical, Institutional Barriers to Access to Capital

LOS ANGELES--(BUSINESS WIRE)--The Los Angeles Cleantech Incubator (LACI) announced the launch of their nationwide LACI Cleantech Debt Fund, a first-of-its-kind green loan program to scale early stage cleantech startups and accelerate equitable climate action.

The $6 million fund will provide loans of $25,000 to $250,000 to an estimated 100 early-stage startups over five years, providing a non-dilutive alternative to venture capital for companies that need financing to support their first customer orders or working capital to scale their businesses. LACI endeavors to help underrepresented founders–in particular female, Black, and Brown founders–overcome some of the institutional and historical barriers they face in accessing capital to grow their business. Unlike most traditional bank loans, the LACI Cleantech Debt Fund will not require founders’ personal collateral or their personal credit scores in underwriting.

LACI created the Cleantech Debt Fund in partnership with anchor investors Sobrato Philanthropies and Homecoming Capital, who are aligned in their missions to support more entrepreneurial innovation to address climate challenges. Additionally, the Wells Fargo Foundation is providing a grant to cover initial operating costs and loan loss reserves.

“To help cleantech startups move at the speed and scale needed to meet the climate crisis, we created the LACI Cleantech Debt Fund as a new tool to give early stage cleantech founders a timely, affordable alternative to expensive venture capital and slow moving bank debt,” said LACI CEO Matt Petersen. “The LACI Cleantech Debt Fund will also help reduce barriers to capital for underserved founders from historically underrepresented communities–too many founders cannot access traditional bank financing as they lack adequate personal assets, or the personal networks needed to secure early stage investment.”

“We need lots of approaches to innovation to address our current climate challenges, and we’re excited to partner with LACI to fill a capital gap that will enable more companies, from more regions and founder backgrounds, to access investment for their growing businesses.” said Victoria Fram of Sobrato Philanthropies and Pat Arnold of Homecoming Capital. “LACI along with Greentown Labs, Evergreen Climate Innovations, and New Energy Nexus are well-positioned to source a diversified pipeline of entrepreneurial solutions, and we’re glad to partner with them as co-investors.”

“To scale a company like ours and keep creating jobs, you need funding that isn’t easily acquired by minority owned businesses,” said Josh Aviv, CEO and Co-Founder of SparkCharge, a portfolio company of both LACI and Greentown Labs, which received an initial loan from the LACI pilot debt fund. “LACI’s Cleantech Debt Fund helps level the playing field, reducing the financial risks and truly enabling businesses to thrive. They are incredible partners who understand the challenges startups face.”

“We are excited to have the Wells Fargo grant play a catalytic role in attracting other sources of capital to the new LACI Cleantech Debt Fund,” said Ramsay Huntley, Climate and Innovation Strategy Lead at Wells Fargo. “So many businesses will benefit from LACI’s commitment to climate equity and their ability to identify companies ready for greater investment. This fund represents a shared belief that entrepreneurs motivated by climate action have the power to make an impact even early in their business journey.”

"The scaled-up LACI Cleantech Debt Fund is paramount to giving our founders choices across the full capital stack, with debt on the one hand via this innovative fund and equity via the LACI Impact Fund on the other,” said LACI SVP Alex Mitchell.

LACI is also partnering with a limited network of leading incubation organizations whose portfolio companies will be eligible to qualify for loans from the Cleantech Debt Fund, including Greentown Labs (Boston, MA & Houston, TX), Evergreen Climate Innovations (Chicago, IL), and New Energy Nexus (Oakland, CA & New York, NY). LACI selected Impact investment firm Mission Driven Finance of San Diego, California to assist with loan origination and servicing, as well as supporting underwriting. Mastercard’s Racial Justice Pro Bono Program–which is a part of Mastercard’s In Solidarity initiative to drive racial equity and create equal opportunities for all–consulted on the Fund model.

After LACI conducted US DOE-funded research validating the need for early stage lending for cleantech startups, the organization piloted the debt fund concept–capitalized by a Wells Fargo Foundation grant–by underwriting loans totalling more than $300,000 to nine startups. The pilot debt fund has had zero defaults and no late payments, and included loans to SparkCharge, Envoy, and others (see below for examples). LACI first shared their DOE-funded research and commitment to creating a national cleantech debt fund at the Clinton Foundation economic conference in November 2019.

The LACI Cleantech Debt Fund joins the LACI Impact Fund I and non-dilutive pilot funds as capital for which LACI incubated startups are eligible to apply. After nine quarters of investing, the $5 million LACI Impact Fund I is nearly 100% deployed and has made equity investments in 15 LACI startups. The LACI Impact Fund empowers LACI founders to grow their early-stage cleantech companies, including ChargerHelp! CEO Kameale Terry which has gone on to build a nationwide network responsible for maintaining 30,000 EV charging stations while ensuring their technicians earn a minimum of $30 per hour with a guaranteed 40-hour work week. LACI is now out to market in raising LACI Impact Fund II.

Sample LACI Pilot Cleantech Debt Fund Recipients
Initial LACI’s pilot debt fund loans to startups include:

• SparkCharge: SparkCharge received a $40,000 low-interest loan for their on-demand mobile electric vehicle charging solutions. The company leveraged the funds to help scale operations, hire 40 employees, including a graduate of LACI’s Green Jobs Workforce Training Program, and develop the Roadie Portable EV Charging System. The loan from LACI’s Debt Fund also enabled SparkCharge to raise nearly $24 million in additional capital through equity and debt funding. On March 1, 2022, after the recent launch of SparkCharge’s Currently app, Kia America and Currently announced a partnership that provides EV owners with on-demand concierge service, allowing them to charge their EVs when and where they want.

• Envoy: Envoy, a provider of shared, on-demand, community-based EV’s, also leveraged the LACI Debt Fund to grow their business. LACI selected Envoy to operate a pilot community car-share program for residents of the Housing Authority of City of Los Angeles’ (HACLA) Rancho San Pedro public housing complex. The program not only delivered the benefits of electric vehicles and mobility to this historically underserved community, LACI used the pilot as a model for the EVs For All Act introduced by Congresswoman Nanette Díaz Barragán (CA-44). Barragán worked closely with LACI to develop the Act. If passed, the bill will establish a $50 million annual grant program at the U.S. Department of Energy (DOE) to support EV car sharing and charging stations, community education and outreach, and other services for public housing residents to increase access to mobility solutions in transportation deserts.

About LACI

The Los Angeles Cleantech Incubator (LACI) is creating an inclusive green economy by unlocking innovation through helping scale cleantech startups, transforming markets through catalytic partnerships like the Transportation Electrification Partnership, and working with policymakers, innovators, and market leaders in transportation, energy, and sustainable cities, and enhancing communities through workforce development training, pilots, and other green jobs programs. Founded as an economic development initiative by the City of Los Angeles and Los Angeles Department of Water & Power (LADWP), LACI is recognized as one of the most innovative business incubators in the world by UBI. In the past ten years, LACI has helped 340 portfolio companies raise $697 million in funding and create 2,565 jobs in the Los Angeles region, with a projected

About Sobrato Philanthropies
Sobrato Philanthropies’ investment in LACI’s Cleantech Debt Fund was committed by John A. Sobrato. Sobrato Philanthropies’ mission is to partner with communities to meet immediate needs, address systemic barriers, and pursue social justice to build a more equitable and sustainable world. Guided by the business philosophy and personal values of the Sobrato family, three generations engage in grantmaking, advocacy, impact investing, and collaborative efforts to create impact locally and around the world.

About Homecoming Capital
Homecoming Capital is a climate-focused investment firm that invests in businesses that decarbonize the economy as they grow. Homecoming’s investments span North America and Europe and support businesses driving decarbonization of the energy, transportation, industrial, and agricultural sectors. For more information, please visit www.homecomingcapital.com.

Media:
Regan Keller, This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, July 19, 2022, to discuss its second quarter 2022 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 2022 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.

Please click here to pre-register for the conference call and obtain your dial in number and passcode. You can also visit the Halliburton website to listen to the call via live webcast. A recorded version will be available under the same link immediately following the conclusion of the conference call.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 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.

For Investors:
David Coleman
Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2688

For News Media:
Emily Mir
External Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2601

2022 Promega Corporate Responsibility Report shows investments in solar arrays led to ten-fold increase in renewable energy usage in last three years

MADISON, Wis.--(BUSINESS WIRE)--#sustainability--Promega Corporation now draws over 20% of its global electricity from renewable sources. The 2022 Promega Corporate Responsibility Report, released today, details how the biotechnology company’s investments in solar arrays have led to a ten-fold increase in renewable energy usage in the last three years. The report also outlines how Promega continues to support its employees and local communities while developing technologies aimed at improving human life through scientific advancement.

Investing in Renewable Energy

Minimizing electricity usage at all Promega branch, distribution and manufacturing locations around the world is primary since the company has a goal to reduce carbon emissions by 50% as indexed to revenue by 2030. Electricity makes up nearly half of Promega emissions.

The company’s three largest solar arrays, all located on the main Madison, Wisconsin campus, generate over 2 million kWh annually. Promega also partnered last year with Madison Gas & Electric’s O’Brien Solar Fields project to supply Promega with renewable energy to power more than 10% of its annual electrical consumption. Additional Promega facilities around the world generate or purchase renewable energy, including branch offices in Brazil, France, Germany, Italy, Spain, Sweden, Switzerland and the United Kingdom.

Even with two significant new facilities coming online in the past year in Madison, and including the energy used by employees working remotely, Promega has reduced its electricity usage by 23% since 2019, as indexed to revenue. Recent investments to maximize energy efficiency include a central utility plant that reduces energy needed for chilled water and retrofits for LED lighting on the Promega campus.

“As a company with a 100-year vision, sustainable growth is our priority and our opportunity to integrate into our facilities and operations the environmental best practices from around the world that will better position Promega for the future,” says Corey Meek, Promega Corporate Responsibility Program Manager. “The outcomes we are achieving are significant and due to the efforts and passions of Promega employees around the globe.”

Prioritizing Science, Employees and Communities

In addition to reporting key sustainability metrics, the 2022 Promega Corporate Responsibility Report details the company’s initiatives and outcomes over the last year supporting scientific discovery, employee wellbeing, and global communities. Some highlights include:

• In 2021, Promega received FDA clearance for the OncoMate™ MSI Dx Analysis System for determining microsatellite instability (MSI) status in colorectal tumors. The MSI biomarker is important for identifying patients who would benefit from additional testing to diagnose Lynch syndrome, an inherited condition that increases the risk of developing colorectal and other cancers.
• Promega was named a Top Workplace USA and Regional (Madison, Wisconsin) award winner. The recognition is based solely on employee engagement surveys compiled by research firm Energage. Feedback from Promega employees showed that support of work-life flexibility is the company’s strongest culture driver.
• Promega fuels the advancement of science around the world through support of initiatives such as the annual International Genetically Engineered Machines (iGEM) competition (global), Marine Biological Laboratory (US), the National Young Researchers Prize (France), and the Promega Innovation Award (China), to name a few.

Promega Corporate Responsibility

Promega has integrated corporate responsibility and sustainable business practices since its founding in 1978. For the last 14 years, the company’s annual Corporate Responsibility Report has documented how the global biotechnology manufacturer continues to align these practices with positive social, environmental and business outcomes.

Read the entire 2022 Corporate Responsibility Report PDF here. Explore the Promega Corporate Responsibility website at www.promega.com/responsibility

About Promega Corporation

Promega Corporation is a leader in providing innovative solutions and technical support to the life sciences industry. The company’s portfolio of over 4,000 products support a range of life science work across areas such as cell biology; DNA, RNA and protein analysis; drug development; human identification and molecular diagnostics. For over 40 years these tools and technologies have grown in their application and are used today by scientists and technicians in labs for academic and government research, forensics, pharmaceuticals, clinical diagnostics and agricultural and environmental testing. Promega is headquartered in Madison, WI, USA with branches in 16 countries and over 50 global distributors. For more information, visit www.promega.com and connect with Promega on Twitter, LinkedIn, Facebook, Instagram and the Promega Connections blog.

Penny Patterson
VP, Corporate Affairs
Promega Corporation
Phone: (608) 274-4330
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.