Wallbox’s Smart Home EV Chargers Now Available for Purchase at NAPA AUTO PARTS

MOUNTAIN VIEW, Calif. & ATLANTA--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced a strategic partnership with NAPA AUTO PARTS, a brand of Genuine Parts Company (NYSE:GPC) and a premier retail auto parts reseller in the U.S. NAPA AUTO PARTS stores will be an authorized dealer of Pulsar Plus, Wallbox’s award-winning smart home EV charger, online and in-store at more than 6,000 locations across the United States and Canada. Pulsar Plus is available for purchase in select retail locations as of mid-February 2022.

“For nearly a century, NAPA AUTO PARTS stores have been a trusted source for automotive parts, accessories and services,” said Susan Starnes, Vice President, Emerging Markets of Genuine Parts Company. “Bringing the Wallbox brand to the NAPA network builds on our EV product selection and is another step forward in our commitment to being first-to-market in providing emerging EV technology to our customers. We’re delighted to carry the Pulsar Plus which is recognized as one of the smartest and easiest ways for consumers to charge an EV at home.”

Pulsar Plus (models 40A and 48A) are Wallbox’s best-selling home charger worldwide and is compatible with all EVs. Features include flexible amperage setting, Bluetooth and Wi-Fi connectivity, charge scheduling, power sharing, the myWallbox app, and voice control via Amazon Alexa and Google Home. Pulsar Plus comes standard with Wallbox’s proprietary energy management solutions, such as Eco-Smart and Power Boost to offer users increased control and flexibility over their charging.

“We are thrilled to join forces with the NAPA AUTO PARTS stores as they continue to build out their comprehensive offering to meet the evolving needs of the EV customer,” said Douglas Alfaro, General Manager of Wallbox North America. “Showcasing Pulsar Plus through an established brand like NAPA AUTO PARTS can help expand the awareness of our products as we continue to take steps aimed to accelerate the adoption of our smart home EV charger across the United States and Canada.”

Pulsar Plus will be available for purchase online at https://www.napaonline.com/ and in-store at more than 6,000 retail locations across the United States and Canada.

About Wallbox Chargers

Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 80 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 700 people in Europe, Asia, and the Americas.

For additional information, please visit www.wallbox.com.

About NAPA AUTO PARTS

There are nearly 6,000 NAPA AUTO PARTS stores in the U.S. supported by a nationwide network of distribution centers and more than 560,000 available parts, accessories and supplies. The NAPA network extends to more than 17,000 NAPA AutoCare and AutoCare Collision Centers across the U.S. With a reputation for quality parts, rapid availability and knowledgeable people, NAPA AUTO PARTS stores serve automotive service professionals, do-it-yourselfers and everyday drivers with quality parts, accessories and supplies to keep cars, trucks and equipment performing safely and efficiently. For more information, visit www.napaonline.com.

Wallbox Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the availability of Wallbox’s products at NAPA AUTO PARTS stores, and expected results of the partnership between Wallbox and NAPA AUTO PARTS. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electronic vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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Wallbox Public Relations Contact:
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Public Relations
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+1 404-574-1504

SAN DIEGO--(BUSINESS WIRE)--Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) reported its financial results for three months ended December 31, 2021. With revenues of $5,447,264, the $4,991,747 growth represents a 1,096% increase, compared to the same period in fiscal 2021 ($455,517). During this fiscal 2022 quarter, Dalrada’s growth was attributed primarily to its healthcare and technology segments.

Although forced to operate in a challenging business climate due to the ongoing pandemic, Dalrada thrives. The Company remains agile, responding immediately to market demands for safer, alternative products and services that offer significant value to people, processes, and the planet. The Company saw QoQ (quarter on quarter) growth of 18%, compared to Q1 (ended September 30^th, 2021).

Through Dalrada’s innovative solutions, revenue from COVID-19 diagnostic testing was robust, reaching new heights of $4,385,798 in the second quarter of fiscal 2022. Dalrada’s Healthcare division is growing, and, as a result, the Company is investing resources that further expand its CLIA-certified laboratory and national service capabilities. Additional growth is attributed to Dalrada Health’s subsidiaries that focus on education, consumer goods, and additional diagnostic services.

The Company’s Technology division grew its revenues by 143%, compared to the same period in the prior year, and onboarded multiple large customers, while advancing its software development capabilities. Dalrada Technologies’ subsidiary, Prakat Solutions, Inc. (“Prakat”), enables its customers to bridge the technology gap through digital transformation and software modernization. Success stories are numerous and include large clients requiring remote healthcare services and HIPAA-compliant data access between thousands of insurance carriers, healthcare providers, and patients. Prakat assists its clients with business continuity software products and services across multiple sectors, emphasizing digital accessibility and security compliance.

Looking back in the first quarter of fiscal 2022, Dalrada’s clean energy subsidiary, Likido^® Limited, generated a 681% revenue increase, compared to the same period of fiscal 2021, with sales of the company’s high-temperature heat pump, LikidoONE^®. Likido looks to continue its success with clean energy solutions that are also attracting well-known industry giants from sustainability, technology, and energy sectors, comprising a diverse group collaborating as Dalrada’s Clean Energy Advisory Board. This specialized group tackles challenging aspects of environmental sustainability, including technology-driven innovations with carbon-reduction data tracking through artificial intelligence (AI), machine learning (ML), and Internet of Things (IoT) devices.

During the first quarter of fiscal 2022, Dalrada Precision experienced growth similar to Likido, as the subsidiary’s industrial manufacturing products helped increased revenue by 260%, compared to the same period in fiscal 2021. Dalrada Precision provides affordable bespoke parts supply and safer liquid cleaning degreaser solutions that aid businesses with environmentally-responsible aqueous industrial parts-cleaning processes.

Brian Bonar, CEO of Dalrada, states, “Beginning the year with growth-filled quarters, Dalrada proves its capability as a successful innovator – despite the ever-changing business climate. The Company celebrates its success, yet does not rest on its laurels. We look forward to sharing more of Dalrada’s industry advances soon.”

Dalrada continues its progression, growing its position within the world’s top-three growth markets: technology, clean energy, and healthcare.

For additional information on Dalrada and its subsidiaries, visit https://dalrada.com.

About Dalrada (DFCO)

With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.

Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.

Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada's subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.

Disclaimer

Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to several important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

Denise Mahaffey
858.283.1253
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BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “BVH”) announced today that its wholly owned subsidiary, Bluegreen Vacations Corporation (“Bluegreen”), has expanded and extended its syndicated credit facility with Fifth Third Bank.

The amended and restated facility provides for total borrowings of up to $300 million, consisting of a term loan of $100 million and a revolving line of $200 million, and matures in February 2027. As of the date of this release, outstanding borrowings under the amended and restated facility totaled $130.0 million, including $100.0 million outstanding under the term loan and $30.0 million of borrowings under the revolving line of credit. Borrowings under the facility, including amounts outstanding prior to the amendment and restatement and future borrowings, bear interest at a rate ranging from Term SOFR+1.75% to SOFR+2.50% with a 0.05% to 0.10% credit spread adjustment for the one-month rate and three-month rate, respectively. Borrowings are collateralized by certain of Bluegreen’s vacation ownership interest inventory, sales center buildings, short term receivables and the cash flows from the residual interests relating to certain term securitizations.

“The expansion and extension of the line of credit with Fifth Third Bank enhances our liquidity and provides us with additional capacity to support post-pandemic initiatives and operations. We believe the expansion of the facility and the improved pricing indicates the market’s positive view of our business model, particularly during what has been a challenging period,” commented Ray Lopez, Chief Financial Officer and Chief Operating Officer of Bluegreen Vacations.

Fifth Third acted as Joint Lead Arranger, Sole Bookrunner, Administration Agent and L/C Issuer for the transaction with certain other bank participants.

About the Company:

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a Florida-based holding company whose operations relate to the operations of its wholly owned subsidiary, Bluegreen Vacations Corporation, a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company, through Bluegreen Vacations Corporation, also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.

For further information, please visit us at:
Bluegreen Vacations Holding Corporation: www.BVHCorp.com

This press release contains forward-looking statements based largely on current expectations of the Company that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans, or other statements, other than statements of historical fact, are forward-looking statements and can be identified by the use of words or phrases such as “plans,” “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “our view,” “we see,” “would,” and words and phrases of similar import. The forward-looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are based largely on our expectations and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control. When considering forward-looking statements, the reader should keep in mind the risks, uncertainties, and other cautionary statements made in this report and in the Company’s other reports filed with the SEC. These risks and uncertainties include, but are not limited to, risks related to Bluegreen Vacations’ operations, results, liquidity, growth initiatives and business model, including the market’s perception thereof and the impact of the expansion and extension of the line of credit described in this press release on Bluegreen Vacations’ operations, liquidity, growth initiatives, results and financial condition, that the future use of proceeds from the expansion and extension of the line of credit may differ from the currently anticipated use, that Bluegreen Vacations’ results or performance will differ from that expected, and that Bluegreen Vacations’ receivable loan portfolio won’t perform as anticipated. For a description of other risks and uncertainties, please see the “Risk Factors” section of Bluegreen Vacations’ Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. The Company cautions that the foregoing factors are not exclusive. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake, and specifically disclaims any obligation, to update or supplement any forward-looking statements.

Bluegreen Vacations Holding Corporation Contact Info
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
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Experienced Engineering Leader, Brenton Taylor, Joins NEXT to Accelerate Commercialization Plans

Solar Industry Veteran, Terry Jester, and Commercial Building Executive, Kelly Schuller, Join Board of Directors

SANTA BARBARA, Calif.--(BUSINESS WIRE)--NEXT Energy Technologies, Inc., makers of a proprietary transparent photovoltaic coating that transforms commercial windows into energy-producing solar panels, today formally announced the expansion of its leadership team with the addition of three executives with decades of industry experience.

Brenton Taylor has filled the newly created position of executive vice president of engineering. Additionally, senior solar industry veteran, Terry Jester, and commercial building executive, Kelly Schuller, were appointed as members of the company's board of directors. The appointments come as the company moves to accelerate its plans to commercialize its novel photovoltaic coating for commercial windows.

Brenton Taylor

Taylor was a co-founder and the EVP of engineering at Inogen, a Santa Barbara-based global leader in portable oxygen concentrators. He helped grow Inogen from a three-person startup to an organization with more than 1,000 employees and manufacturing and commercial offices across the US and Europe. At Inogen, Taylor successfully designed and brought to market six distinct product lines resulting in more than a million devices now being used by consumers. He helped guide the company from startup through IPO and public company operations.

“Brenton brings an exceptionally rare combination of a proven track record of bringing new hardware technology to market and over 20 years of experience leading a company and its engineering operations through all major phases of growth,” said Daniel Emmett, CEO of NEXT.

Taylor has joined NEXT to help lead its effort to commercialize the technology and develop its manufacturing capabilities. He will also serve on NEXT’s executive team to grow the company and develop its product strategy. Along with NEXT’s CTO, Corey Hoven, PhD, Taylor will be jointly leading the overall co-development and execution on the technical strategy at NEXT. As EVP of engineering, Taylor will help oversee the planning and execution of all phases of the company’s engineering.

“I am excited to join the NEXT team in this important phase to help bring the company’s technology to market. I look forward to executing the company’s vision and mission at this urgent period in our society’s energy and environmental evolution,” Taylor said.

Terry Jester

Terry Jester brings more than 40 years of engineering and leadership experience to NEXT’s board in both the renewable energy and solar power markets. With her exceptional operational leadership and solar manufacturing experience, Jester will provide valuable strategic direction and counsel for NEXT as the company collaborates with its supply chain partners to advance the commercialization and manufacturing phases of its operations.

“Terry has a proven record of managing and launching some of the most important solar and renewable energy products on the market today,” said Emmett. "She adds unmatched operational discipline and the technical and business acumen to bring new and innovative products to market. We’re grateful to have her on our board as we enter this new chapter for NEXT.”

Jester previously served as the CEO of BIA Controls, Inc., a supplier of demand management and building automation systems that manage electric utility expenses. She also served as CEO of Silicor Materials, and the VP of Operations of SolarWorld, Siemens Solar, and Shell Solar. In addition to her executive roles, Jester has served on multiple boards in the energy and semiconductor sectors including the Energy Policy Institute, AmberWave and QESST.

Kelly Schuller

Kelly Schuller has more than 30 years of executive experience and a combination of general management, strategy, and finance expertise. He is currently the chief operating officer for SitelogIQ, a private-equity-owned facility and energy services company helping clients make their commercial buildings more energy-efficient, sustainable, and productive with lower cost to operate.

From 2011 to 2021, Schuller served as president of the Architectural Glass Segment for publicly-traded Apogee Enterprises. The Glass Segment included Viracon, the largest manufacturer of customized architectural glass for commercial buildings in North America, with annual revenues of approximately $400 million. Prior to Viracon, Schuller was an associate principal with the consulting firm McKinsey & Company and a CPA and audit manager for Ernst & Young. Schuller also holds an MBA from Harvard University Graduate School of Business Administration.

“Kelly is a stand-out executive in the commercial building industry and has deep roots in the world where our customers and partners do business,” said Emmett. “His knowledge, network and leadership experience in the sector will prove invaluable as NEXT matures and works to bring our product to market.”

Schuller and Jester join NEXT’s board of directors with Andy Cohen, co-CEO of Gensler, David Smukowski, founder and CEO of Sensors in Motion and former VP of Boeing Ventures, John Sullivan, former director of MMI International and president of Intri-Plex Technologies.

About NEXT Energy Technologies, Inc.

NEXT Energy Technologies is a Santa Barbara, California company developing transparent energy harvesting window technology that allows architects and building owners to transform windows and glass facades into producers of low-cost, on-site, renewable energy for buildings. NEXT's technology is enabled by proprietary organic semiconducting materials that are earth-abundant, low-cost, and are coated as an ink in a high-speed, low-cost, and low energy process. For more information, visit https://www.nextenergytech.com/.

Eric Becker
104 West Partners for NEXT Energy Technologies
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has been appointed to Network Rail’s £45-million Commercial Services Framework supporting the North West and Central (NW&C) region of the U.K.’s rail network. The appointment continues AECOM’s long-standing relationship with the region delivering technical, innovative and sustainable solutions to benefit Network Rail and all its passengers.

“We are excited to partner with Network Rail to help ensure its infrastructure is reliable, efficient and resilient across the NW&C region, which makes up nearly a quarter of Britain’s rail network and where approximately 1.3 million passengers are served on a typical weekday,” said Jennifer Aument, chief executive of AECOM’s global Transportation business. “Expanding our transportation business in the U.K. is an important strategic priority, and we are pleased to add to our growing framework positions through this appointment. We look forward to bringing AECOM’s extensive knowledge, experience and integrated ESG expertise to deliver value to Network Rail’s assets across all phases of the project lifecycle.”

The NW&C route runs from London Euston and Marylebone in the south through the Chiltern and West Midlands regions, the North West of England and Cumbria before joining with Scotland at Gretna. It includes key lines such as the West Coast Mainline, one of the busiest mixed-use passenger and freight railways in Europe, serving London, Birmingham, Manchester, Liverpool, Edinburgh and Glasgow.

AECOM has been awarded the following lots secured under the framework agreement: Lot 1: Procurement (Pre-Contract Management), Lot 2: Commercial (Post-Contract Management). Lot 3: Cost Audit & Assurance, Lot 4: Claims Management, Lot 5: Cost-Planning / Estimating, and Lot 6: Strategic Partnering. The framework lasts for five years.

“The NW&C rail region is the backbone of Britain, serving as the economic spine linking the country’s main cities,” said Colin Wood, AECOM’s regional chief executive for Europe and India. “Through the framework agreement, we will support Network Rail in connecting workers with jobs, people with loved ones and goods to market, adding social value and economic opportunities to communities in the North West and Central regions.”

AECOM’s place on the NW&C Commercial Services Framework adds to its extensive regional footprint across the West Midlands Combined Authority, Transport for Greater Manchester and High Speed 2 Phase 1 and Phase 2B. The appointment enhances AECOM’s rail work in the region, where it is already working on Northern Powerhouse Rail, High Speed 2 and the Transpennine Route Upgrade.

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.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; ability to continue payment of dividends; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure and power construction, and oil & gas maintenance and turnaround businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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Investor Contact:
Will Gabrielski
Senior Vice President, Finance, Treasurer
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DURHAM, N.C.--(BUSINESS WIRE)--The National Academy of Engineering has elected Wolfspeed, Inc. (NYSE: WOLF) co-founder and Chief Technology Officer (CTO) Dr. John Palmour into the organization’s 2022 class for the development of Silicon Carbide-based advanced electronic devices.

Palmour was one of the graduate students from North Carolina State University who founded the company (then, Cree) in 1987 with the belief that Silicon Carbide could enable superior semiconductor technology. With his knowledge and expertise, Palmour has helped Wolfspeed transform and evolve. Now, over 30 years later, the business has grown into a pure-play semiconductor powerhouse leading the industry transition from silicon to Silicon Carbide.

“We all feel privileged to be working alongside John,” said Wolfspeed Chief Executive Officer Gregg Lowe, “His passion and expertise with this transformational technology has led our team to groundbreaking innovation over the years and today is enabling us to help our customers reach new levels of energy efficiency.”

Silicon Carbide is currently utilized in many technologies from electric vehicles to gaming systems to industrial motors, renewable energy and energy storage. Palmour has championed and innovated Silicon Carbide for power and GaN on Silicon Carbide for RF for over 30 years, enabling faster, more energy-efficient technologies that are foundational for many industries as they prepare and adapt for a more sustainable future. The company congratulates him and the other innovators who were also elected to the 2022 class.

Palmour has authored a total of 386 scientific publications and holds 81 U.S. patents in the areas of processing and device designs for silicon carbide and gallium nitride electronic devices.

Membership in the National Academy of Engineering is one of the highest professional distinctions for an engineer, honoring those who have made outstanding contributions to engineering research and practice, including pioneering of new and developing fields of technology and making major advancements in engineering.

This year, 111 new members and 22 international members were elected. Their formal induction will take place on Oct. 2, 2022, at the National Academy of Engineering’s Annual Meeting.

About Wolfspeed:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed^® is a registered trademark of Wolfspeed, Inc.

Investor Relations Contact:
Tyler Gronbach
Wolfspeed, Inc.
Vice President, Investor Relations
Phone: 919-407-4820
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Media Contact:
Joanne Latham
Wolfspeed, Inc.
Vice President, Corporate Marketing
Phone: (919) 407-5750
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NuScale Power and KGHM to sign a landmark agreement to initiate work towards implementing advanced small modular reactors (SMRs) in Poland, following the September collaboration announcement between the two parties

PORTLAND, Ore.--(BUSINESS WIRE)--In Washington, D.C., U.S. government officials and Polish officials, including Poland’s Deputy Prime Minister, Jacek Sasin, will announce that NuScale Power and Poland’s KGHM Polska Miedź S.A. (KGHM) signed an agreement to initiate the deployment of NuScale’s innovative small modular reactor (SMR) technology.

The definitive agreement between NuScale Power, whose SMR is the first and only small modular reactor to receive design approval from the U.S. Nuclear Regulatory Commission, and KGHM, a Poland-based leader in copper and silver production and large industrial energy user, will position KGHM as a clean energy implementation leader with the first deployment of SMRs in Poland. Under this agreement, NuScale will work with KGHM to support the deployment of SMR technology, and together, the organizations will take steps toward deploying a first NuScale VOYGR™ power plant in Poland as early as 2029, which would help Poland avoid up to 8M tons of CO2 emissions per year. The deployment of the VOYGR plant by 2029 is directly tied to the Climate policy of KGHM Polska Miedź and the Company’s new strategic direction - energy.

The first task under the agreement will identify and assess potential project sites and develop project planning milestones and cost estimates. These activities support KGHM as it evaluates NuScale VOYGR plants as a coal repurposing solution for existing power plants, as well as opportunities to deploy VOYGR plants to provide safe, carbon-free, reliable energy for their operations and to support other Polish industrial energy users.

KGHM and NuScale first began their collaboration in September 2021, after the two parties signed a memorandum of understanding (MOU) to collaborate in the development, licensing and construction of a NuScale VOYGR plant in Poland. This new commercial agreement marks a significant milestone in NuScale’s progress towards commercialization and advancing clean, reliable, and affordable energy in Poland.

“In the global race to rapidly decrease emissions worldwide, NuScale’s technology presents the perfect solution to reach this goal while simultaneously bringing economic prosperity to host countries,” said John Hopkins, NuScale Power President and Chief Executive Officer. “NuScale is proud to partner with KGHM, an experienced innovation leader, and we are excited to work together to bring forth the next era of advanced clean energy deployment and confront the climate crisis.”

"We are always thrilled when we see U.S. companies furthering our country's energy leadership by advancing our innovative technologies for global applications," said Andrew Griffith, Deputy Assistant Secretary for Nuclear Fuel Cycle and Supply Chain.

“KGHM is proud to lead the initiation of a 100% carbon free energy project, delivering on its commitment to lead efforts to decarbonize. The SMR technology will increase the company's cost efficiency and transform the Polish energy sector,” said Marcin Chludziński, President of the Management Board of KGHM Polska Miedź S.A.

The announcement will come after industry leaders, policymakers, and scientists from around the world discussed solutions to address the climate crisis and decrease carbon emissions at United Nations summit on climate change, COP26, in early November. NuScale VOYGR power plants can generate up to 270 permanent power plant jobs, 1,200 construction jobs, and 4,600 manufacturing jobs per plant deployment, and act as an effective and critical means to reach climate goals.

Watch the Signing Ceremony. Link

In August 2020, NuScale made history as the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission – a crucial step towards the construction and deployment of this SMR technology. The company maintains strong program momentum toward commercialization of its SMR technology, including supply chain development, standard plant design, planning of plant delivery activities and startup and commissioning plans.

About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production and other process heat applications. This groundbreaking small modular reactor (SMR) technology is offered in scalable sizes, including a VOYGR™-12 power plant, which includes 12 (77 MWe) NuScale Power Modules™ (NPM), using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale also offers smaller power plant solutions, the four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe), though others will be possible. With an array of flexible power options, NuScale is poised to meet the diverse energy needs of customers across the world. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with more than 70 years supporting nuclear projects.

NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale Power's website.

On December 14, 2021, NuScale announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Upon the closing of the business combination, NuScale will become publicly traded under the new ticker symbol “SMR.” Additional information about the transaction can be viewed here: https://www.nuscalepower.com/about-us/investors.

About KGHM Polska Miedź S.A.

KGHM is involved in the mining and processing of valuable natural resources. At its heart is the largest deposit of copper ore in Europe, located in south-western Poland. By advancing our strategy we are systematically strengthening KGHM’s international position. Currently the company has a geographically diversified mine project profile. It has operations on three continents – in Europe, North America and South America. The copper ore resources controlled by KGHM guarantee the company a leading position in the mining industry. Our portfolio includes metals such as molybdenum, palladium and nickel, opening the way for KGHM to gain a strong position amongst the world’s diversified miners. www.kghm.com

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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Lidia Marcinkowska, Executive Director, Communications, KGHM Polska Miedź S.A.
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DUBLIN--(BUSINESS WIRE)--The "Wind Power Coatings Market: Global Industry Analysis 2016-2020 & Forecast 2021-2031" report has been added to ResearchAndMarkets.com's offering.

This recent market study on the Wind Power Coatings includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Wind Power Coatings, the growth prospects of the market are obtained with maximum precision.

Key Topics Covered:

1. Executive Summary

1.1. Global Market Outlook

1.2. Regional Value and Volume Analysis

1.3. Demand Side Trends

1.4. Supply Side Trends

1.5. Key Factors to Offer Competitive Advantage

1.6. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

4.1. Product Adoption Analysis

4.2. Strategic Promotional Strategies

4.3. Technological Innovation

5. Global Wind Power Coatings Market Demand Analysis 2016-2020 and Forecast, 2021-2031

5.1. Historical Market Volume (Tons) Analysis, 2016-2020

5.2. Current and Future Market Volume (Tons) Projections, 2021-2031

5.3. Y-O-Y Growth Trend Analysis

6. Pricing Analysis

6.1. Regional Pricing Analysis by Type

6.2. Pricing Break-Up

6.2.1. Manufacturer Level Pricing

6.2.2. Distributor Level Pricing

6.2.3. Pricing Mark Up

6.3. Global Average Pricing Analysis Benchmark

6.4. Pricing Impact Factors

7. Global Wind Power Coatings Market Demand (In Value or Size in US Mn) Analysis 2016-2020 and Forecast, 2021-2031

7.1. Historical Market Value (Us$ Mn) Analysis, 2016-2020

7.2. Current and Future Market Value (Us$ Mn) Projections, 2021-2031

7.2.1. Y-O-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors

8.2. Supply Demand Scenario

8.3. Forecast Factors - Relevance & Impact

8.4. Value Chain

8.4.1. List of Manufacturers

8.4.2. List of Suppliers and Distributors

8.4.3. Average Margins

8.5. Key Regulations

8.6. Market Dynamics

8.6.1. Drivers

8.6.2. Restraints

8.6.3. Opportunity Analysis

8.7. Impact of COVID - 19 Crisis

8.7.1. Introduction

8.7.2. World Economy/Cluster Projections

8.7.3. Potential of Impact by Taxonomy

8.7.4. Recovery Scenario (Short, Mid and Long Term)

8.7.5. Key Strategies

9. Global Wind Power Coatings Market Analysis 2016-2020 and Forecast 2021-2031, by Type

9.1. Introduction

9.1.1. Market Value Share Analysis by Type

9.1.2. Y-O-Y Growth Analysis by Type

9.2. Historical Market Size and Volume Analysis by Type 2016-2020

9.3. Market Size and Volume Forecast by Type 2021-2031

9.3.1. Polymer Coatings

9.3.1.1. Epoxy

9.3.1.2. Polyurethane

9.3.1.3. Acrylic

9.3.1.4. Fluoropolymer

9.3.1.5. Others

9.3.2. Ceramic Coatings

9.3.3. Metal Coatings

9.4. Market Attractiveness Analysis by Type

10. Global Wind Power Coatings Market Analysis 2016-2020 and Forecast 2021-2031, by Coating Method

10.1. Introduction

10.1.1. Market Value Share Analysis by Coating Method

10.1.2. Y-O-Y Growth Analysis by Coating Method

10.2. Historical Market Size and Volume Analysis by Application 2016-2020

10.3. Market Size and Volume Forecast by Coating Method 2021-2031

10.3.1. Spray

10.3.2. Roller

10.3.3. Others

10.4. Market Attractiveness Analysis by Coating Method

11. Global Wind Power Coatings Market Analysis 2016-2020 and Forecast 2021-2031, by Application

11.1. Introduction

11.1.1. Market Value Share Analysis by Application

11.1.2. Y-O-Y Growth Analysis by Application

11.2. Historical Market Size and Volume Analysis by Application 2016-2020

11.3. Market Size and Volume Forecast by Application 2021-2031

11.3.1. Offshore

11.3.1.1. Offshore Blade

11.3.1.2. Offshore Tower

11.3.1.3. Offshore Interior

11.3.1.4. Offshore Turbine Foundation

11.3.2. Onshore

11.3.2.1. Onshore Blade

11.3.2.2. Onshore Tower

11.3.2.3. Onshore Interior

11.3.2.4. Onshore Turbine Foundation

11.4. Market Attractiveness Analysis by Application

12. Global Wind Power Coatings Market Analysis 2016-2020 and Forecast 2021-2031, by Utilization

12.1. Introduction

12.1.1. Market Value Share Analysis by Utilization

12.1.2. Y-O-Y Growth Analysis by Utilization

12.2. Historical Market Size and Volume Analysis by Utilization 2016-2020

12.3. Market Size and Volume Forecast by Utilization 2021-2031

12.3.1. Oem

12.3.2. Maintenance

12.4. Market Attractiveness Analysis by Utilization

13. Global Wind Power Coatings Market Analysis 2016-2020 and Forecast 2021-2031, by Region

13.1. Introduction

13.1.1. Market Value Share Analysis by Region

13.1.2. Y-O-Y Growth Analysis by Region

13.2. Historical Market Size and Volume Analysis by Region 2016-2020

13.3. Market Size and Volume Forecast by Region 2021-2031

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. East Asia

13.3.5. South Asia & Pacific

13.3.6. Middle East & Africa

13.4. Market Attractiveness Analysis by Region

Companies Mentioned

• Hempel A/S
• PPG Industries, Inc.
• Covestro AG
• Akzo Nobel N.V.
• BASF
• The Sherwin-Williams Company
• Jotun Group
• Teknos Group Oy
• 3M
• Sika AG
• Thomas Industrial Coatings
• Mankiewicz Gebr. & Co. (GmbH & Co. KG
• Bergolin GmbH & Co. KG
• Duromar, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1kpsh6

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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• Fisker opens reservations for its second product, the PEAR, the Personal Electric Automotive Revolution
• Starting price of $29,900 in the US before taxes and incentives for the five-passenger, all-electric vehicle
• The agile urban EV will start deliveries in 2024

LOS ANGELES--(BUSINESS WIRE)--#EVs--Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – is now accepting reservations for its second product, the Fisker PEAR, opening the door to the Personal Electric Automotive Revolution.

The all-electric Fisker PEAR blends sustainability, technology, and design into a digitally connected, compact, five-passenger urban EV. Featuring intuitive controls, sporty driving, clever storage, and a focus on industry firsts, the Fisker PEAR will start at $29,900 before taxes and incentives in the US. Fisker’s first vehicle, the all-electric Fisker Ocean SUV, will start production in November 2022.

"Our customer wants to take a step into the future with us," CEO Henrik Fisker said. “We are opening up reservations for PEAR following continued demand.”

“PEAR will feature the very latest technology in a beautifully designed, affordable urban mobility device,” he added. “It’s an exciting vehicle and an exciting time for the company as we expand our lineup.”

Fisker has partnered with Foxconn to produce this innovative EV.

Consumers can reserve the Fisker PEAR for $250 for the first reservation and $100 for the second reservation. Deliveries will begin in 2024. The Fisker PEAR will be produced in Ohio with a minimum initial production of 250,000 units per year.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, www.fiskerinc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, the quotations of our Chief Executive Officer and statements regarding the starting price, timing and location of production of the Fisker PEAR, the planned start of production and MSRP of the Fisker Ocean, the Company's future performance and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, as amended, under the heading "Risk Factors," filed with the Securities and Exchange Commission (the "SEC"), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Fisker Inc.
Tel: +1.310.374.6177

Matthew Debord, Sr Director, Communications
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Rebecca Lindland, Director, Communications
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Groundbreaking tool now available for companies to mobilize employees to reach sustainability goals and drive business value

BOSTON--(BUSINESS WIRE)--Companies looking to reach their sustainability goals while engaging employees in more meaningful corporate Environmental, Social & Governance (ESG) actions than ever before can now deploy the Employee Carbon Management Solution from WeSpire, the leading employee experience platform for ESG initiatives. The groundbreaking solution is being showcased to environmental and climate leaders at GreenBiz 22 this week.

WeSpire’s newest suite of tools empowers companies to mobilize employees to reach sustainability goals and includes the industry’s first employee-centric approach for measuring and reporting carbon emissions in a hybrid work environment. By integrating this solution into WeSpire’s employee engagement platform, companies can drive greater purpose, innovation, productivity and business value through data-first, behavioral change technology.

“Business leaders are under pressure to meet the aggressive Net Zero goals they’ve set,” said Susan Hunt Stevens, Founder & CEO, WeSpire. “They’re challenged to show accountability to all of their stakeholders, including investors, employees and prospective employees, and that requires a consistent, year-round commitment to sustainability embedded into company culture. This solution is a way to mobilize and activate employees, and demonstrate how they can contribute meaningfully to a company’s sustainability goals.”

As WeSpire furthers its technology leadership at the intersection of ESG and enterprise employee experience, the company has also hired Brent Baxter as chief technology officer. Baxter will oversee product development, engineering and operations and brings nearly 30 years of experience in engineering for rapidly-scaling technology organizations, most recently naviHealth, which was acquired by UnitedHealth Group in 2020.

As business leaders across every industry engineer corporate shifts from CSR to ESG, WeSpire’s Employee Carbon Management Solution unlocks the potential of employees to become more consistently and prominently involved in ESG strategy. The solution provides sustainability and ESG program managers with quick, accurate and on-demand data and reporting tools to measure employee carbon footprint at home or in the office, and take actions to reduce their carbon emissions and balance unavoidable emissions. It aids transparency and accountability on the company’s progress toward Net Zero and sustainability goals as individual climate data is aggregated for collective company impact to provide context and further motivation to employees.

To learn more about WeSpire’s Employee Carbon Management Solution and how it supports your company’s commitment to reaching its sustainability goals, or to request a demo, visit https://www.wespire.com/employee-carbon-management. The solution will also be available for demonstrations at GreenBiz (WeSpire booth #6) Feb. 15-17.

About WeSpire
WeSpire provides forward-thinking global companies with employee experience technology to empower their champions to design, run, and measure the impact of their purpose-driven employee engagement initiatives. On WeSpire, employees are inspired to participate in sustainability, social impact and giving, wellbeing and inclusive culture programs that improve business performance, ESG outcomes and drive a better working world. To learn more, visit www.wespire.com.

Media:
Meg Fouhy 617-275-6974

AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression” or the “Partnership”) announced today its financial and operating results for the fourth quarter 2021.

Fourth Quarter 2021 Highlights

• Total revenues were $159.9 million for the fourth quarter 2021, compared to $158.4 million for the fourth quarter 2020.

• Net income was $3.1 million for the fourth quarter 2021, compared to a net loss of $1.5 million for the fourth quarter 2020.

• Net cash provided by operating activities was $81.1 million for the fourth quarter 2021, compared to $97.5 million for the fourth quarter 2020.

• Adjusted EBITDA was $99.2 million for the fourth quarter 2021, compared to $98.3 million for the fourth quarter 2020.

• Distributable Cash Flow was $52.0 million for the fourth quarter 2021, compared to $50.5 million for the fourth quarter 2020.

• Announced cash distribution of $0.525 per common unit for the fourth quarter 2021, consistent with the fourth quarter 2020.

• Distributable Cash Flow Coverage was 1.02x for the fourth quarter 2021, compared to 0.99x for the fourth quarter 2020.

“The fourth quarter of 2021 wrapped up a year in which USA Compression maintained the stable cash flows and attractive operating margins for which our large horsepower fleet has become known,” commented Eric D. Long, USA Compression’s President and Chief Executive Officer. “While the domestic economy found strength as the year progressed, the broader energy industry continued to deal with political and regulatory uncertainty and a general moderation of activity levels by participants across the sector. However, the need for energy, especially natural gas, not only stabilized, but strengthened, and USA Compression was able to successfully operate through the uncertainty and position itself for 2022.”

“We saw signs of increased demand from our customers, including increased quoting for compression services as well as more frequent discussions regarding projects in 2022. During the fourth quarter, we increased our revenue generating horsepower by approximately 45,000 horsepower. At the same time, we have increased our service rates where applicable and plan to continue this effort during 2022. These efforts helped maintain both Adjusted gross margin and Adjusted EBITDA percentages at consistent levels.”

“In terms of capital spending, we concluded the year with expansion capital expenditures of approximately $40 million, in line with our guidance at the beginning of 2021. For 2022, we expect to spend approximately $115 million in expansion capital, which reflects a modest amount of new build units for new compressor stations with the balance earmarked for reconfiguration and make-ready activities to return idle equipment to active status throughout the year.”

“Overall, we expect 2022 to see increased activity on the part of our customers, based on budget increases throughout the industry. Drilling rigs and capital directed at crude oil continue to pick up, taking advantage of strong prices, which in turn is having a positive effect on associated gas production. And as we’ve witnessed lately on both a domestic and global stage, natural gas continues to play a critical role as a long-term, abundant fuel, and we expect the United States to play an important role in supplying natural gas to the world. And with it, we expect demand for our compression services to continue.”

Expansion capital expenditures were $14.3 million, maintenance capital expenditures were $4.7 million and cash interest expense, net was $30.1 million for the fourth quarter 2021.

On January 13, 2022, the Partnership announced a fourth quarter cash distribution of $0.525 per common unit, which corresponds to an annualized distribution rate of $2.10 per common unit. The distribution was paid on February 4, 2022 to common unitholders of record as of the close of business on January 24, 2022.

Operational and Financial Data

________________________

Liquidity and Long-Term Debt

As of December 31, 2021, the Partnership was in compliance with all covenants under its $1.6 billion revolving credit facility. As of December 31, 2021, the Partnership had outstanding borrowings under the revolving credit facility of $516.3 million, $1.1 billion of borrowing base availability and, subject to compliance with the applicable financial covenants, available borrowing capacity of $261.9 million. As of December 31, 2021, the outstanding aggregate principal amount of the Partnership’s 6.875% senior notes due 2026 and 6.875% senior notes due 2027 was $725.0 million and $750.0 million, respectively.

Full-Year 2022 Outlook

USA Compression is providing its full-year 2022 guidance as follows:

• Net income range of $33.0 million to $53.0 million;

• A forward-looking estimate of net cash provided by operating activities is not provided because the items necessary to estimate net cash provided by operating activities, in particular the change in operating assets and liabilities, are not accessible or estimable at this time. The Partnership does not anticipate the changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities and deferred revenue could be significant, such that the amount of net cash provided by operating activities would vary substantially from the amount of projected Adjusted EBITDA and Distributable Cash Flow;

• Adjusted EBITDA range of $406.0 million to $426.0 million; and

• Distributable Cash Flow range of $213.0 million to $233.0 million.

   

Conference Call

The Partnership will host a conference call today beginning at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss fourth quarter 2021 performance. The call will be broadcast live over the Internet. Investors may participate either by phone or audio webcast.

About USA Compression Partners, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

Non-GAAP Financial Measures

This news release includes the Non-GAAP financial measures of Adjusted gross margin, Adjusted EBITDA, Distributable Cash Flow and Distributable Cash Flow Coverage Ratio.

Adjusted gross margin is defined as revenue less cost of operations, exclusive of depreciation and amortization expense. Management believes that Adjusted gross margin is useful as a supplemental measure to investors of the Partnership’s operating profitability. Adjusted gross margin is impacted primarily by the pricing trends for service operations and cost of operations, including labor rates for service technicians, volume and per unit costs for lubricant oils, quantity and pricing of routine preventative maintenance on compression units and property tax rates on compression units. Adjusted gross margin should not be considered an alternative to, or more meaningful than, gross margin, its most directly comparable GAAP financial measure, or any other measure of financial performance presented in accordance with GAAP. Moreover, Adjusted gross margin as presented may not be comparable to similarly titled measures of other companies. Because the Partnership capitalizes assets, depreciation and amortization of equipment is a necessary element of its costs. To compensate for the limitations of Adjusted gross margin as a measure of the Partnership’s performance, management believes that it is important to consider gross margin determined under GAAP, as well as Adjusted gross margin, to evaluate the Partnership’s operating profitability.

Management views Adjusted EBITDA as one of its primary tools for evaluating the Partnership’s results of operations, and the Partnership tracks this item on a monthly basis both as an absolute amount and as a percentage of revenue compared to the prior month, year-to-date, prior year and budget. The Partnership defines EBITDA as net income (loss) before net interest expense, depreciation and amortization expense, and income tax expense (benefit). The Partnership defines Adjusted EBITDA as EBITDA plus impairment of compression equipment, impairment of goodwill, interest income on capital lease, unit-based compensation expense (benefit), severance charges, certain transaction expenses, loss (gain) on disposition of assets and other. Adjusted EBITDA is used as a supplemental financial measure by management and external users of its financial statements, such as investors and commercial banks, to assess:

• the financial performance of the Partnership’s assets without regard to the impact of financing methods, capital structure or historical cost basis of the Partnership’s assets;

• the viability of capital expenditure projects and the overall rates of return on alternative investment opportunities;

• the ability of the Partnership’s assets to generate cash sufficient to make debt payments and pay distributions; and

• the Partnership’s operating performance as compared to those of other companies in its industry without regard to the impact of financing methods and capital structure.

Management believes that Adjusted EBITDA provides useful information to investors because, when viewed with GAAP results and the accompanying reconciliations, it provides a more complete understanding of the Partnership’s performance than GAAP results alone. Management also believes that external users of its financial statements benefit from having access to the same financial measures that management uses in evaluating the results of the Partnership’s business.

Adjusted EBITDA should not be considered an alternative to, or more meaningful than, net income (loss), operating income (loss), cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP as measures of operating performance and liquidity. Moreover, Adjusted EBITDA as presented may not be comparable to similarly titled measures of other companies.

Distributable Cash Flow is defined as net income (loss) plus non-cash interest expense, non-cash income tax expense (benefit), depreciation and amortization expense, unit-based compensation expense (benefit), impairment of compression equipment, impairment of goodwill, certain transaction expenses, severance charges, loss (gain) on disposition of assets, proceeds from insurance recovery and other, less distributions on the Partnership’s Series A Preferred Units (“Preferred Units”) and maintenance capital expenditures.

Distributable Cash Flow should not be considered as an alternative to, or more meaningful than, net income (loss), operating income (loss), cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP as measures of operating performance and liquidity. Moreover, the Partnership’s Distributable Cash Flow as presented may not be comparable to similarly titled measures of other companies.

Management believes Distributable Cash Flow is an important measure of operating performance because it allows management, investors and others to compare basic cash flows the Partnership generates (after distributions on the Partnership’s Preferred Units but prior to any retained cash reserves established by the Partnership’s general partner and the effect of the Distribution Reinvestment Plan) to the cash distributions the Partnership expects to pay its common unitholders.

Distributable Cash Flow Coverage Ratio is defined as Distributable Cash Flow divided by distributions declared to common unitholders in respect of such period. Management believes Distributable Cash Flow Coverage Ratio is an important measure of operating performance because it allows management, investors and others to gauge the Partnership’s ability to pay distributions to common unitholders using the cash flows the Partnership generates. The Partnership’s Distributable Cash Flow Coverage Ratio as presented may not be comparable to similarly titled measures of other companies.

This news release also contains a forward-looking estimate of Adjusted EBITDA and Distributable Cash Flow projected to be generated by the Partnership in its 2022 fiscal year. A forward-looking estimate of net cash provided by operating activities and reconciliations of the forward-looking estimates of Adjusted EBITDA and Distributable Cash Flow to net cash provided by operating activities are not provided because the items necessary to estimate net cash provided by operating activities, in particular the change in operating assets and liabilities, are not accessible or estimable at this time. The Partnership does not anticipate the changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities and deferred revenue could be significant, such that the amount of net cash provided by operating activities would vary substantially from the amount of projected Adjusted EBITDA and Distributable Cash Flow.

See “Reconciliation of Non-GAAP Financial Measures” for Adjusted gross margin reconciled to gross margin, Adjusted EBITDA reconciled to net income (loss) and net cash provided by operating activities, and net income (loss) and net cash provided by operating activities reconciled to Distributable Cash Flow and Distributable Cash Flow Coverage Ratio.

Forward-Looking Statements

Some of the information in this news release may contain forward-looking statements. These statements can be identified by the use of forward-looking terminology including “may,” “believe,” “expect,” “intend,” “anticipate,” “estimate,” “continue,” “if,” “project,” “outlook,” “will,” “could,” “should,” or other similar words or the negatives thereof, and include the Partnership’s expectation of future performance contained herein, including as described under “Full-Year 2022 Outlook.” These statements discuss future expectations, contain projections of results of operations or of financial condition, or state other “forward-looking” information. You are cautioned not to place undue reliance on any forward-looking statements, which can be affected by assumptions used or by known risks or uncertainties. Consequently, no forward-looking statements can be guaranteed. When considering these forward-looking statements, you should keep in mind the risk factors noted below and other cautionary statements in this news release. The risk factors and other factors noted throughout this news release could cause actual results to differ materially from those contained in any forward-looking statement. Known material factors that could cause the Partnership’s actual results to differ materially from the results contemplated by such forward-looking statements include:

• changes in the long-term supply of and demand for crude oil and natural gas, including as a result of the severity and duration of world health events, including the COVID-19 pandemic, related economic repercussions, actions taken by governmental authorities and other third parties in response to such events and the resulting disruption in the oil and gas industry and impact on demand for oil and gas;

• changes in general economic conditions, including inflation, and changes in economic conditions of the crude oil and natural gas industries;

• competitive conditions in the Partnership’s industry, including competition for employees in a tight labor market;

• renegotiation of material terms of customer contracts;

• actions taken by the Partnership’s customers, competitors and third-party operators;

• changes in the availability and cost of capital, including changes to interest rates;

• operating hazards, natural disasters, epidemics, pandemics (such as COVID-19), weather-related impacts, casualty losses and other matters beyond the Partnership’s control;

• operational challenges relating to COVID-19 and efforts to mitigate the spread of the virus, including logistical challenges, protecting the health and well-being of the Partnership’s employees, remote work arrangements, performance of contracts and supply chain disruptions;

• the deterioration of the financial condition of the Partnership’s customers, which may result in the initiation of bankruptcy proceedings with respect to customers;

• the restrictions on the Partnership’s business that are imposed under the Partnership’s long-term debt agreements;

• information technology risks including the risk from cyberattacks;

• the effects of existing and future laws and governmental regulations;

• the effects of future litigation;

• the Partnership’s ability to realize the anticipated benefits of acquisitions; and

• other factors discussed in the Partnership’s filings with the SEC.

All forward-looking statements speak only as of the date of this news release and are expressly qualified in their entirety by the foregoing cautionary statements. Unless legally required, the Partnership undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Unpredictable or unknown factors not discussed herein also could have material adverse effects on forward-looking statements.

USA Compression Partners, LP

Matthew C. Liuzzi
Chief Financial Officer
512-369-1624
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DUBLIN--(BUSINESS WIRE)--The "Global Crude Oil Refinery Projects Outlook to 2025 - Development Stage, Capacity Addition, Capex and Details of All New Build and Expansion Projects" report has been added to ResearchAndMarkets.com's offering.

Global Crude Oil Refinery Projects Outlook to 2025 - Development Stage, Capacity Addition, Capex and Details of All New Build and Expansion Projects

Summary

Globally, 416 upcoming crude oil refinery projects are expected to start operations from 2021 to 2025. Of these, 93 represent new build projects and 323 are expansions of existing or upcoming projects. More than half of the upcoming refinery projects are in the construction stage and likely to start operations from 2021 to 2025. Feasibility and approval are the other major project stages with 87 and 83 projects, respectively.

Scope

• Global crude oil refinery projects count that are expected to start operations during 2021-2025 by type and development stage
• Global refinery projects capacity additions by type, region, and key countries for 2021 to 2025
• Count, cost, capacity, and key details of major coking, catalytic cracker, hydrocracker, hydrotreater, and reformer unit projects expansions that are expected to start operations during 2021-2025
• Details of major refinery projects that are expected to start operations during 2021-2025

Reasons to Buy

• Understand refinery capacity and project cost outlook of major crude oil refinery projects that are expected to start operations during 2021-2025
• Gain insights on the count, cost, capacity, and key details of major coking, catalytic cracker, hydrocracker, hydrotreater, and reformer unit projects expansions from 2021 to 2025
• Keep abreast of key upcoming refinery projects globally during the outlook period
• Facilitate decision making on the basis of strong refinery projects data
• Develop business strategies with the help of specific insights on the global refinery sector
• Assess your competitor's upcoming refinery projects globally

Key Topics Covered:

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2. Global Crude Oil Refinery Projects Outlook, 2021 -2025

2.1 Key Highlights

2.2 Refinery Projects Outlook by Type

2.3 Refinery Projects Outlook by Development Stage

2.4 Refinery Capacity Additions by Type and Regions

2.5 Refinery Capacity Additions by Type and Key Countries

2.6 Refinery Projects Cost Outlook by Type and Region

2.7 Refinery Projects Cost Outlook by Type and Key Countries

2.8 Major New Build Refinery Projects

3. Coking Units Expansion Projects Outlook

3.1 Coking Units Expansion Projects Outlook by Development Stage

3.2 Coking Units Expansion Projects Capacity Additions by Key Countries

3.3 Coking Units Expansion Projects Cost Outlook by Key Countries

3.4 Coking Units Expansion Projects

4. Catalytic Cracker Units Expansion Projects Outlook

4.1 Catalytic Cracker Units Expansion Projects Outlook by Development Stage

4.2 Catalytic Cracker Units Expansion Projects Capacity Additions by Key Countries

4.3 Catalytic Cracker Units Expansion Projects Cost Outlook by Key Countries

4.4 Catalytic Cracker Units Expansion Projects

5. Hydrocracker Units Expansion Projects Outlook

5.1 Hydrocracker Units Expansion Projects Outlook by Development Stage

5.2 Hydrocracker Units Expansion Projects Capacity Additions by Key Countries

5.3 Hydrocracker Units Expansion Projects Cost Outlook by Key Countries

5.4 Major Hydrocracker Units Expansion Projects

6. Hydrotreater Units Expansion Projects Outlook

6.1 Hydrotreater Units Expansion Projects Outlook by Development Stage

6.2 Hydrotreater Units Expansion Capacity Additions by Key Countries

6.3 Hydrotreater Units Expansion Projects Cost Outlook by Key Countries

6.4 Major Hydrotreater Units Expansion Projects

7. Reformer Units Expansion Projects Outlook

7.1 Reformer Units Expansion Projects Outlook by Development Stage

7.2 Reformer Units Expansion Projects Capacity Additions by Key Countries

7.3 Reformer Units Expansion Projects Cost Outlook by Key Countries

7.4 Major Reformer Units Expansion Projects

8. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/4rek9k

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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All-in-one digital switching solution powered by EmpirBus reduces reliance on physical buttons and switches, enabling easier control and operation of onboard functions

OLATHE, Kan.--(BUSINESS WIRE)--Garmin^® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world’s largest¹ and most innovative marine electronics manufacturer, today announced the Garmin Boat Switch, an all-in-one digital switching solution that operates seamlessly with Garmin ECHOMAP^™ and GPSMAP^® series chartplotters for easier control and operation of onboard functions. Powered by EmpirBus, the Garmin Boat Switch replaces the need for conventional two-element systems – fuse box and switches – and offers boaters a way to digitally manage a variety of onboard electrical functions with control of up to 20 circuits via Garmin chartplotters.

“Modern technology has cultivated a generation of consumers that expect intuitive, state-of-the-art technology in nearly every aspect of their daily lives. The Garmin Boat Switch welcomes that same level of technology for boaters by delivering an easier and more affordable way to control and interact with a vessel’s onboard functions, right from the helm,” said Dan Bartel, Garmin vice president of global consumer sales. “Our digital switching solution allows boaters to manage a variety of onboard functions through their chartplotter, from lights and horns to livewell water pumps, which is an exceptional value for those seeking a high-end boat experience.”

A fully-integrated command center

Offering control of 20 output circuits and 7 sense inputs, boaters can dim lights, toggle lights on and off, operate horns, and even regulate livewell water pumps with a built-in timer to keep fish alive. Inputs can also be conveniently managed from chartplotters for collecting data on the boat’s battery voltage, bilge pump operation and more.

Stay in tune with the boat

Boaters can keep tabs on important information about their fuel, freshwater, graywater, blackwater and livewell with built-in tank sender detection and calibration that can be adjusted for tank size. The Garmin Boat Switch can monitor as many as four tanks, helping boaters regulate fuel levels and usage, or be mindful of holding tanks that should be emptied.

Simplified setup

The Garmin Boat Switch does not require specialized tools and configurations during installation, meaning boaters will spend less time setting up their system and more time enjoying the water. Thanks to 18-inch flying leads and in-the-box wire harnesses, the Garmin Boat Switch system eliminates the need to purchase additional components and can be easily wired into the boat. Once installed, a switching page is automatically added to the chartplotter so boaters can position, name and remove switches in an easy-to-use interface. Plus, each channel’s wiring is color-coded and labeled with the channel’s function for additional clarity and convenience.

The Garmin Boat Switch is available now with a suggested retail price of $999.99. Click here for more information about the Garmin Boat Switch and chartplotter compatibility.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the seventh consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Fusion^® and Navionics^®. For more information, visit Garmin's virtual Newsroom, This email address is being protected from spambots. You need JavaScript enabled to view it., connect with @garminmarine on social media, or follow our adventures at garmin.com/blog.

¹ Based on 2020 reported sales.

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Fusion, Navionics, and GPSMAP are registered trademarks and ECHOMAP is a trademark of Garmin Ltd. or its subsidiaries.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 26, 2020, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Riley Swickard
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#AmeriGas--UGI Corporation (NYSE: UGI) announced today that its subsidiary, AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer, has entered into an agreement with Global Clean Energy Holdings, Inc. (OTCQX: GCEH) to purchase and distribute renewable LPG. AmeriGas will leverage its supply and logistics infrastructure and sales and marketing teams to market and distribute renewable LPG to new and existing customers primarily in the state of California.

As part of a multi-year agreement, GCEH’s Bakersfield biorefinery will process up to 15,000 barrels of renewable feedstock per day, including their proprietary energy crop - camelina, to produce renewable fuels including bioLPG. This biorefinery, which is expected to begin operations in the first half of calendar 2022, is projected to produce approximately 13 million gallons of renewable LPG in its first year, making it the largest commercially available renewable propane production facility to date in the United States¹. Under the distribution partnership, AmeriGas will be the long-term exclusive buyer of renewable LPG from GCEH’s Bakersfield biorefinery.

“We are thrilled to partner with GCEH to bring renewable LPG to customers in a rapidly developing market where there is strong demand for biofuels and a focus on environmentally sustainable energy solutions,” said Roger Perreault, President and CEO - UGI Corporation. “This long-term agreement demonstrates continued progress on our environmental, social and governance (ESG) initiatives and strategy to invest in renewables. It is another great example of our ongoing efforts to provide innovative, low-carbon, sustainable energy solutions to customers.”

Renewable LPG, also known as renewable-propane or bioLPG, is chemically identical to today’s fossil LPG (C₃H₈) and therefore can be used with existing infrastructure. It has up to 80% lower carbon footprint than that of conventional LPG and a much lower carbon intensity than conventional diesel or gasoline fuels.

“Our investment in the Bakersfield biorefinery coupled with AmeriGas’ industry-leading footprint across the propane supply chain is a powerful combination aimed at advancing the growth of the renewable fuels market in California and elsewhere,” commented Richard Palmer, President & CEO of Global Clean Energy Holdings. Russell Blades, Vice President, Technology & Sustainability at Global Clean Energy Holdings, added, “Agreements like this and strategic partners like AmeriGas support our integrated Farm-to-Fuels-to-Market value chain strategy, which truly differentiates us from other renewable fuel producers and sets an exciting stage for future growth.”

“This strategic partnership leverages the strengths of each organization and sets the foundation for both companies to work together across traditional agricultural, energy and supply chain lines to bring lower-carbon fuels to customers,” said Steve Kossuth, VP of Global LPG Supply - UGI Corporation. “We look forward to working closely with the team at GCEH to advance renewable LPG to market in California.”

About AmeriGas
AmeriGas is the largest retail propane marketer in the United States, with more than 1 billion gallons sold annually to 1.4 million customers in all 50 states from approximately 1,600 locations.

More information about AmeriGas is available at https://www.amerigas.com.

About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania and West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the eastern region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

About Global Clean Energy Holdings
Global Clean Energy Holdings, Inc. (“GCEH”) is a vertically integrated renewable fuels company specializing in nonfood-based feedstocks used for the production of advanced biofuels and biomaterials. With a footprint that stretches from the laboratory to the farm gate through to biorefinery production, GCEH’s farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks. When online, the Bakersfield Biorefinery will be the only facility of its type, processing both traditional bio feedstocks as well as domestically grown camelina oil into sustainable, ultra-low carbon fuels in California. To learn more, visit gceholdings.com and susoils.com.

Follow us on Twitter and LinkedIn

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” of Global Clean Energy Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements are forward-looking statements and are subject to a number of risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled “Risk Factors” in filings with the Securities and Exchange Commission, including most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

¹ According to a recent article by the Western Propane Gas Association (WPGA) News.

UGI Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

Global Clean Energy Holdings, Inc.
Natalie Findlay
This email address is being protected from spambots. You need JavaScript enabled to view it.
(424) 318-3518

Telematics technology developed in Canada will help improve deep field safety of the BAS team in the South Pole

TORONTO--(BUSINESS WIRE)--#BritishAntarcticSurvey--Geotab Inc., a global leader in IoT and connected transportation, today announced it is implementing a fleet management platform for British Antarctic Survey (BAS), an interdisciplinary research organization with research stations in the world’s polar regions. Headquartered in Oakville, Ontario, Geotab is providing in-depth vehicle telematics data analysis for BAS’ diverse fleet of Antarctic vehicles, including snowmobiles, snow groomers, and tractors, for their latest arduous research expedition to the Antarctic this month.

A Geotab GO device has also been fitted to Britain’s new polar research ship, the RRS Sir David Attenborough, and is being used to plan, track and manage the progress of all of the ship’s polar research expeditions. You can track the ship’s progress through its time-lapsed webcam as it makes its journey through the Antarctic.

Often located thousands of miles away from the main research stations, the team is reliant on efficient communications to ensure safety and to promote the most sustainable use of fleet machinery during their research. On one of the most pristine, untouched continents on the planet, Antarctic research is instrumental in discovering the primary causes and effects of climate change.

In the past, BAS scientists and support teams relied on a high frequency (HF) radio in emergencies. Every time teams stopped, they would have to erect a rig to maintain communication with research stations, a complex task when faced with sub-zero temperatures, rough terrain, and unpredictable weather conditions.

Now, the BAS team is working with Geotab to provide a tailored solution to address their unique challenges and leverage the power of deriving powerful vehicle information data. The Geotab solution, with a modified GO9 telematics plug-in device, will be housed in a custom-built mounting box, ruggedized to protect it from extreme temperatures and conditions. Used in millions of vehicles every day, it includes a variety of real-time telematics functions such as monitoring and diagnostics, operator management, fuel management, staff health and safety management, and dynamic vehicle scheduling for the entire expedition.

The work of the BAS team helps governments and businesses set policies that shape their environmental commitments for the future of our planet, and forms the essential groundwork for the science behind climate conference discussions, such as the recently held COP26 in Glasgow.

With five research stations across the Antarctic and sub-Antarctic and research teams that frequently travel on deep-field expeditions for weeks at a time, it presents enormous connectivity challenges in areas that are ‘off grid’ - without any cell infrastructure and hundreds, if not thousands of miles away from the nearest sign of civilization.

By integrating the MyGeotab fleet management software with the BAS’s mapping system, every single vehicle journey can be tracked accurately, pinpointing the estimated time of departure and arrival, real-time latitude and longitude coordinates, and stops made along the way. Most importantly, the monitoring tool can also function as a distress beacon via the simple push of a button, to assist with the safety of the scientific teams in some of the harshest and remote areas of the planet.

Neil Cawse, CEO at Geotab, said, “BAS’ commitment to excellence in science is universally recognized and respected, and this international collaboration presents an opportunity to support greater research and development across polar regions. We are delighted to provide our telematics technology and support BAS in their sustainability efforts. Their research into climate change is so important and will undoubtedly benefit governmental bodies, policy-makers, business leaders and citizens around the world.”

For BAS, an organization focused on environmental science, the solution has addressed issues surrounding fuel efficiency and refill locations to encourage more sustainable operations. It has also enabled the organization to better plan and monitor their trips, to further minimize their environmental impact in the polar region.

Ben Norrish, Head of Vehicle Engineering at BAS, said, “It’s our primary goal to make working remotely, deep-field in the Antarctic safer, more efficient and carbon accountable going forward. Using this technology allows us to achieve all three. Having the ability to live track teams on the ice is a huge asset to route planning and safety of the teams with an added benefit of peace of mind to each person on the ice knowing that if they get into trouble, a search and rescue can be deployed fast and accurately to save lives.”

About Geotab

Geotab is advancing security, connecting commercial vehicles to the cloud and providing data-driven analytics to help customers better manage their fleets. Geotab’s open platform and Marketplace, offering hundreds of third-party solution options, allows both small and large businesses to automate operations by integrating vehicle data with their other data assets. As an IoT hub, the in-vehicle device provides additional functionality through IOX Add-Ons. Processing billions of data points a day, Geotab leverages data analytics and machine learning to help customers improve productivity, optimize fleets through the reduction of fuel consumption, enhance driver safety, and achieve strong compliance to regulatory changes. Geotab’s products are represented and sold worldwide through Authorized Geotab Resellers. To learn more, please visit www.geotab.com and follow us @GEOTAB and on LinkedIn.

British Antarctic Survey (BAS), an institute of the Natural Environment Research Council (NERC) and part of UKRI, delivers and enables world-leading interdisciplinary research in the Polar Regions. Its skilled science and support staff based in Cambridge, Antarctica and the Arctic, work together to deliver research that uses the Polar Regions to advance our understanding of Earth as a sustainable planet. Through its extensive logistic capability and know-how, BAS facilitates access for the British and international science community to the UK polar research operation. Numerous national and international collaborations, combined with an excellent infrastructure help sustain a world leading position for the UK in Antarctic affairs. For more information visit our website www.bas.ac.uk or social media; TW @BAS_news, FB @BritishAntarcticSurvey, LI @british-antarctic-survey, IG @britishantarcticsurvey

Taylor Barker
Specialist, Corporate Communications
Geotab Inc.
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Casey Bush
Global Results Communications
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TORRANCE, Calif.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQX: GCEH) announced today that it has entered into an agreement with UGI Corporation’s (NYSE: UGI) subsidiary, AmeriGas Propane (“AmeriGas”), the nation’s largest retail propane marketer, to purchase and distribute renewable LPG produced by GCEH. AmeriGas will leverage its supply and logistics infrastructure and sales and marketing teams to market and distribute GCEH’s renewable LPG to new and existing customers primarily in the state of California.

As part of a multi-year agreement, GCEH’s Bakersfield biorefinery will process up to 15,000 barrels of renewable feedstock per day, including GCEH’s proprietary energy crop, camelina, to produce renewable fuels including bioLPG. This biorefinery, which is expected to begin operations in the first half of calendar 2022, is projected to produce approximately 13 million gallons of renewable LPG in its first year of regular commercial operations, making it the largest commercially available renewable propane production facility to date in the United States¹. Under the distribution partnership, AmeriGas will be the long-term exclusive buyer of renewable LPG from GCEH’s Bakersfield biorefinery.

“Our investment in the Bakersfield biorefinery coupled with AmeriGas’ industry-leading footprint across the propane supply chain is a powerful combination aimed at advancing the growth of the renewable fuels market in California and elsewhere,” commented Richard Palmer, President & CEO of Global Clean Energy Holdings.

Renewable LPG, also known as renewable-propane or bioLPG, is chemically identical to today’s fossil LPG (C₃H₈) and therefore can be used with existing infrastructure. It has up to 80% lower carbon footprint than that of conventional LPG and a much lower carbon intensity than conventional diesel or gasoline fuels.

“We are thrilled to partner with GCEH to bring renewable LPG to customers in a rapidly developing market where there is strong demand for biofuels and a focus on environmentally sustainable energy solutions,” said Roger Perreault, President and CEO - UGI Corporation. “This long-term agreement demonstrates continued progress on our environmental, social and governance (ESG) initiatives and strategy to invest in renewables. It is another great example of our ongoing efforts to provide innovative, low-carbon, sustainable energy solutions to customers.”

Russell Blades, Vice President, Technology & Sustainability at Global Clean Energy, added, “Agreements like this and strategic partners like AmeriGas support our integrated Farm-to-Fuels-to-Market value chain strategy, which truly differentiates us from other renewable fuel producers and sets an exciting stage for future growth.”

“This strategic partnership leverages the strengths of each organization and sets the foundation for both companies to work together across traditional agricultural, energy and supply chain lines to bring lower-carbon fuels to customers,” said Steve Kossuth, VP of Global LPG Supply - UGI Corporation. “We look forward to working closely with the team at GCEH to advance renewable LPG to market in California.”

About Global Clean Energy Holdings

Global Clean Energy Holdings, Inc. (“GCEH”) is a vertically integrated renewable fuels company specializing in nonfood-based feedstocks used for the production of advanced biofuels and biomaterials. With a footprint that stretches from the laboratory to the farm gate through to biorefinery production, GCEH’s farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks. When online, the Bakersfield Biorefinery will be the only facility of its type, processing both traditional bio feedstocks as well as domestically grown camelina oil into sustainable, ultra-low carbon fuels in California. To learn more, visit gceholdings.com and susoils.com.

Follow us on Twitter and LinkedIn

About AmeriGas

AmeriGas is the largest retail propane marketer in the United States, with more than 1 billion gallons sold annually to 1.4 million customers in all 50 states from approximately 1,600 locations.

More information about AmeriGas is available at https://www.amerigas.com.

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania and West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the eastern region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” of Global Clean Energy Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements are forward-looking statements and are subject to a number of risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled “Risk Factors” in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

¹According to a recent article by the Western Propane Gas Association (WPGA) News.

Global Clean Energy Holdings, Inc.
Natalie Findlay
This email address is being protected from spambots. You need JavaScript enabled to view it.
(424) 318-3518

UGI Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

VANCOUVER, British Columbia--(BUSINESS WIRE)--EverGen Infrastructure Corp. (TSXV:EVGN) (OTCQB: EVGIF) (“EverGen”, or the “Company”), Canada’s Renewable Natural Gas (“RNG”) Infrastructure Platform, is pleased to announce that the Company’s common shares begin trading on the OTCQB^® Venture Market (“OTCQB”) in the United States under the symbol “EVGIF” as of the opening of the market on February 15, 2022.

Additionally, the Company is awaiting approval of its application for eligibility with the Depository Trust Company (“DTC”). DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies in the United States.

“A listing in the United States on the OTCQB allows EverGen the opportunity to engage with and attract a broader base of investors outside of Canada, and provides investors with an accessible and transparent trading platform to invest in EverGen,” says EverGen Co-Founder and CEO Chase Edgelow. “This year is set to be transformational for EverGen, and with long-term contracted RNG expansion projects positively contributing to our financial performance and acquisition opportunities across Canada this is an ideal time to list in the US and provide broader access for investors.”

The OTCQB, operated by OTC Markets Group Inc., is recognized by the United States Securities and Exchange Commission as an established market providing companies the opportunity to build visibility, expand liquidity and diversify their shareholder base on an established public market. The OTCQB provides investors who cannot access trading on the TSX Venture Exchange with an alternative access to EverGen’s common shares though regulated US broker-dealers. US investors can find current financial disclosure and Real-Time Level 2 quotes for the Company at www.otcmarkets.com.

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future, starting on the West Coast. Incorporated in 2020, EverGen acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on British Columbia, with continued growth expected across other regions in North America.

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

Forward-Looking Information

This news release contains forward-looking statements and/or forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, believes”, “explores” and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the ongoing COVID19 pandemic; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities, in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company’s completed acquisitions; the sufficiency of EverGen’s liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, many of which are beyond the control of EverGen.

Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such forward-looking statements.

The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly be required by law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

EverGen's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

EverGen Investors
Kelly Castledine
416-576-8158
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EverGen Media
Katie Reiach
604.614.5283
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, is pleased to announce the signing of new contracts with manufacturers of clean power generation and energy storage solutions for the delivery of electrochemistry components.

The contracts were signed in the fourth quarter of 2021 and have a combined value of $2.2 million. Advent began delivering electrochemistry components in the fourth quarter of 2021 and deliveries are expected to continue through September 2022. The vast majority of the new business is from North American based customers.

Dr. Vasilis Gregoriou, Advent’s Chairman and Chief Executive Officer, said, “We are excited to continue on a high-growth path and expand customer relationships across the USA, Europe, and Asia. Advent is recognized as a company with game-changing technology and our philosophy is to deliver high-quality products to companies as dedicated to a clean energy future as we are. We look forward to helping our customers reach their goals, and we hope that their trust leads to Advent expanding its repeat business with satisfied clients.”

Advent’s electrochemistry components business includes electrodes, membranes, and membrane electrode assemblies (“MEAs”). These components are critical for fuel cells, electrolyzers, and long-duration energy storage (flow batteries). The performance of these components defines the lifetime, efficiency, weight and, ultimately, a substantial portion of the cost of the end electrochemistry products. Advent is continuously innovating in the area of electrochemical components. Among Advent’s key developments in 2021 were:

1. Delivering components to a leading US-based green energy equipment manufacturer.
2. Collaborating with Northeastern University for the development of MEAs for low-cost electrolyzers (green hydrogen production).
3. Entering into the L’Innovator program from the US Department of Energy (US DoE) for the development of next-generation HT-PEM MEAs for the fuel cell market.

Advent’s electrochemistry materials R&D is based in Boston, Massachusetts, with synthesis and manufacturing capabilities in Europe. Advent is expanding its production capabilities through the development of a new facility at the Hood Park campus in Charlestown, Massachusetts, which will focus primarily on the development and production of the next-generation of fuel cell components.

Advent’s Chief Technology Officer Dr. Emory DeCastro added: “2021 was a year of successful growth, and demonstrated great success in Advent’s first year as a public company. The Company had 100% acceptance of our products by our customers in the electrochemistry component business, with zero returns for quality issues. Our new Hood Park facility will allow us to scale-up and deliver on the increasing global demand for electrochemical components in the clean energy space.”

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued and licensed for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

Advent Technologies Holdings, Inc.
Elisabeth Maragoula / Chris Kaskavelis
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Former hedge fund’s first commercial data product leverages over a decade of daily history

BOSTON--(BUSINESS WIRE)--CargoMetrics, a pioneer in the systematic monitoring and analysis of global maritime trade, has announced the launch of its first broadly available data product, the Crude Pack. The Crude Pack offers unprecedented visibility into global seaborne crude oil flows, broken down by grade of oil, for 60 countries with history dating back to 2010.

“As a former quantitative hedge fund, we understand the needs of our financial clients and take pride in offering products that are trustworthy and ready-made for alpha research. Backed by rigorously tested and unbiased data, this new product is designed for financial research, analysis, and trading applications,” said Jes Scully, CEO of CargoMetrics. “The Crude Pack represents the longest and most comprehensive history of point-in-time crude oil flows data currently available.”

CargoMetrics' patented, fully automated maritime system consumes billions of new data points daily, organizes data in a unique temporal manner, and applies physical modeling, statistical modeling and machine learning techniques in order to derive actionable insights into global economic activity.

Some of the data sources processed by its system include:

• Satellites and terrestrial sensors
• Ship catalog that includes specifications for over 100,000 commercial vessels
• Geospatial database with intelligence on 45,000 berths in 150+ countries and territories
• Price store with price information on commodity futures, FX forwards, freight and more

The Crude Pack includes nearly 12 years of daily, point-in-time data generated entirely by algorithms and rigorously monitored for quality. The product is both broad in overall coverage and granular in the insights it provides, empowering clients to explore large global trends in oil flows, or more targeted research into specific countries and oil grades. The product is offered in a format that is intuitive and designed to minimize the "data wrangling" phase of research and facilitate consumption by computers and models.

The Crude Pack is available through the Alternative Data catalog on the Bloomberg Enterprise Access Point. Extended history (prior to 2017) can be purchased by subscribers directly from CargoMetrics. To find out more about CargoMetrics Technologies Inc., visit https://www.cargometrics.com, and to license the Crude Pack, visit https://eap.bloomberg.com/catalogs/bbg/products/bulk/cargoMetricsCrudeOilEdition1/.

Bloomberg Enterprise Access Point is Bloomberg’s web-based data marketplace that allows Data License clients to easily discover, access and immediately use high-quality, market-leading content from both Bloomberg and third-party providers. Bloomberg continues to expand its alternative data offering, allowing Bloomberg clients to access a catalog of curated alternative data, positioned to provide insights in today's market environment.

About CargoMetrics

Since 2009, CargoMetrics Technologies Inc. has been a leader in the analysis of global maritime trade and an authoritative source of maritime trade intelligence. The Company’s data have powered high-value applications used and trusted by some of the world's leading investment firms and maritime shipping companies. Today, through its Compass Platform, CargoMetrics provides products and solutions to the Investment Management and Maritime Shipping & Logistics markets.

Dan Brutlag, Head of Data Licensing
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DALLAS--(BUSINESS WIRE)--CyrusOne Inc. (NASDAQ: CONE), a premier global data center real estate investment trust (REIT), today announced it has achieved 100% renewable power at the company’s Dallas, TX headquarters and added the site to CyrusOne’s existing net water positive building portfolio. The headquarter offices will be CyrusOne’s first location that is both 100% renewable energy and net water positive. The move to renewable energy and water stewardship at its company headquarters is part of a broader effort by CyrusOne to deliver highly efficient, resilient, and sustainable infrastructures to its customers.

“Our headquarters sustainability achievement is a glimpse of CyrusOne’s sustainable future,” said David Ferdman, Interim President and CEO of CyrusOne. “As we expand our efforts around climate, water, biodiversity and circular economy across our data center portfolio, we wanted to make sure our headquarters is walking the talk, too.”

“This announcement for our global headquarters aligns with our goals we set as a company back in 2019 to add more renewable infrastructure and net-water positive facilities to our network,” said Kyle Myers, Senior Director of Environmental Health, Safety and Sustainability at CyrusOne. “In 2021, we not only switched our offices to renewable electricity but also restored 20% more water than we used to the watershed.”

This announcement demonstrates CyrusOne’s commitment to minimize impacts to the local environment and is part of the company’s larger sustainability mission. CyrusOne recently released its 2021 Sustainability Report, which highlights the company’s commitments to the environment, the community, and stakeholders, and provides insight into the company’s efforts to conserve water and energy through creative data center design. CyrusOne also co-founded the Climate Neutral Data Center Pact in 2021, which includes 25 companies and 17 associations from across the industry and has a goal of making European data centers climate-neutral by 2030.

For more information about CyrusOne, call 1-855-908-3662 or visit www.cyrusone.com. Connect with us on Google Plus, LinkedIn, Twitter, and Facebook.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1,000 companies. A leader in hybrid-cloud and multi-cloud deployments, CyrusOne offers colocation, hyperscale, and build-to-suit environments that help customers enhance the strategic connection of their essential data infrastructure and support achievement of sustainability goals. CyrusOne data centers offer world-class flexibility, enabling clients to modernize, simplify, and rapidly respond to changing demand. Combining exceptional financial strength with a broad global footprint, CyrusOne provides customers with long-term stability and strategic advantage at scale.

David M. Baum
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