Business Wire News

POET and FBN Partnership Using GradableTM Technology Platform to Create the World’s Largest Integrated Carbon Scoring Infrastructure to Source Low-Carbon Grain, Enabling Premium Low Carbon for Ethanol Markets

SIOUX FALLS, S.D. & SAN CARLOS, Calif.--(BUSINESS WIRE)--POET, the world’s largest biofuel producer, and Farmers Business Network® (FBN®), a global Ag Tech company and farmer-to-farmer network, today announced that FBN’s grain origination and carbon-scoring sustainability tech platform, GradableSM, will be adopted at all 33 of POET’s ethanol bioprocessing facilities, creating the world’s largest integrated infrastructure to source and sell low-carbon grain for the biofuels supply chain.


Gradable will enable POET to track attributes of individual bushels of grain—including carbon intensity—to supply low-carbon fuel markets while providing farmers who grow low carbon crops access to potential new revenue streams. POET, the world leader in ethanol production, sources more than 930 million bushels of grain annually from across the Midwest region. According to a recent study, today’s bioethanol reduces carbon emissions by 46 percent compared to gasoline.

“At POET, we have always believed that farmers are the original innovators and stewards of the land,” said Bob Whiteman, CFO of POET Biofuels. “Today, they want to be part of the climate solution, and we want to partner with farmers who share our vision to create a more sustainable world. Gradable is a significant step in combining agriculture, environmental sustainability, and technology to ultimately create even greener bioproducts that will drive a low-carbon future.”

“Gradable is the technology platform that can pave the way for low-carbon food and fuel supply chains because global markets have been waiting for a carbon accounting system that can cost effectively collect, verify, score and track farm level carbon data,” said Amol Deshpande, CEO and co-founder of Farmers Business Network. “The Gradable technology makes it possible to create premium markets for verifiably low carbon grain while ensuring that the farmers who grow low carbon crops are rewarded for their sustainable practices.”

FBN’s Gradable technology platform provides a modern digital infrastructure for efficient, transparent, and secure grain transactions for both farmers and grain buyers. It allows farmers to easily collect and securely submit verifiable production data, including Nitrogen fertilizer use data, which accounts for the largest share of emissions associated with grain production globally. Gradable automatically calculates individual environmental scores and supplies the environmental scores securely to premium buyers. Grain buyers only receive the environmental score associated with a farmer's delivered grain. Individual farm data is kept private and not shared with grain buyers.

POET customers who are not already using FBN now benefit from the full FBN suite of tools and services, including crop input price transparency, agronomic analytics, and on-farm R&D.

“From day one at FBN our first priority has been the profit potential of the family farm,” said Devin Lammers, President of FBN Financial and Gradable. “Gradable is another step toward providing farmers with better market visibility, access and convenience. POET is one of the largest corn buyers in the world and farms will continue to benefit from their innovation and premiums for sustainably grown grain.”

About POET

POET, headquartered in Sioux Falls, SD, is the world's largest biofuels producer. POET is a leader in biorefining through its efficient, vertically integrated approach to production. Started in 1987, the company today operates 33 facilities across 8 states. At full run rates, POET produces 3 billion gallons of ethanol, 14 billion pounds of distillers dried grains, and 975 million pounds of corn oil annually and is a leading purchaser of U.S. grain. In 2019, Fast Company recognized POET on its annual list of "Most Innovative Companies" for transportation and FORTUNE recognized POET on its list of companies that are changing the world. For more information, visit www.poet.com

About FBN

Farmer’s Business Network, Inc. is an independent Ag Tech platform and farmer-to-farmer network with a mission to power the prosperity of family farmers around the world while working towards a sustainable future. Its Farmers First® promise has attracted over 33,000 members to the network with a common goal of maximizing their farms’ profit potential. FBN has set out to redefine value and convenience for farmers by helping reduce the cost of production and maximize the value of their crops. FBN members operate more than 81 million acres in the U.S., Canada and Australia. The company has over 800 personnel and offices in San Carlos, Calif., Chicago, Ill., Sioux Falls, S.D., a Canadian headquarters in High River, Alberta, and an Australian headquarters in Perth. For more information, visit www.fbn.com

About Gradable

The Gradable platform was launched by Farmers Business Network® (FBN®) in September 2020 and provides new technology that facilitates grain transactions between producers and commercial buyers, and also provides services that facilitate the scoring, sourcing, and pricing of low carbon grain. Gradable fully integrates with FBN farmer-facing technology as well as commercial buyer grain accounting systems and has attracted approximately 1 billion bushels to the platform in less than 9 months. Gradable not only strengthens the relationship between grain buyers and sellers, but also enables comprehensive environmental transparency and supports a market for premium, environmentally scored grain. For more information, visit www.gradable.com


Contacts

Amy Wolfcale
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917-576-8767

DUBLIN--(BUSINESS WIRE)--The "Global High-Integrity Pressure Protection System (HIPPS) Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.


The high-integrity pressure protection system (HIPPS) market is poised to grow by $ 86.60 mn during 2021-2025, progressing at a CAGR of almost 6%.

This study identifies the drawbacks in traditional safety systems as one of the prime reasons driving the high-integrity pressure protection system (HIPPS) market growth during the next few years. The market is driven by factors such as rise in midstream infrastructure and compliance to stringent industrial regulations.

The report on high-integrity pressure protection system (HIPPS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The high-integrity pressure protection system (HIPPS) market analysis includes the end-user segment and geographic landscape.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high-integrity pressure protection system (HIPPS) market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., HIMA GmbH, Johnson Controls International Plc, Mokveld Valves BV, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, and Yokogawa Electric Corp.

Also, the high-integrity pressure protection system (HIPPS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Key Topics Covered:

Executive Summary

  • Market overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Oil and gas - Market size and forecast 2020-2025
  • Chemicals and petrochemicals - Market size and forecast 2020-2025
  • Pharmaceuticals - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity By Geographical Landscape
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • HIMA GmbH
  • Johnson Controls International Plc
  • Mokveld Valves BV
  • Rockwell Automation Inc.
  • Schlumberger Ltd.
  • Schneider Electric SE
  • Yokogawa Electric Corp.

For more information about this report visit https://www.researchandmarkets.com/r/x2qb5


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Mawson to participate in fireside chat and 1:1 investor meetings

SYDNEY & NEW YORK--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce it will present at the B. Riley Securities Crypto Conference on Wednesday, December 8th in New York City.

Event: B. Riley Securities Crypto Conference

Location: Kimpton Hotel Eventi, New York City

Date: Wednesday, December 8th, 2021

Format: Fireside chat and 1:1 investor meetings

Mawson management will also be available for investor meetings in New York City on December 9th and 10th, 2021. For more information please contact Brett Maas at This email address is being protected from spambots. You need JavaScript enabled to view it. with interest.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.

For more information, visit: www.mawsoninc.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on November 15, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.


Contacts

Investor Contact:
Brett Maas
646-536-7331
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www.haydenir.com

DUBLIN--(BUSINESS WIRE)--The "Future Unicorns in Sustainable Technology" report has been added to ResearchAndMarkets.com's offering.


This report analyzes the top 30 Sustainable Technology startups that have the potential to become unicorns - valuation more than US$1bn

The report is based on a proprietary machine learning (ML) algorithm which analyzes millions of data points related to venture capital (VC) investment activity for startups and can predict future unicorns.

Given the push by governments, regulators, investors and stakeholders towards sustainability, startups are in a rush to build capabilities and advanced tech driven solutions ranging from electric mobility, energy storage, biodiversity, renewable energy, emissions monitoring & reduction to circular economy.

Startups in Sustainable technology across the sectors are riding the strong tailwinds of investor focus on sustainable investing. A whole raft of innovative IoT startups with cutting-edge expertise spanning sectors are predicted to become tomorrow's unicorns

The report highlights potential unicorns in the Sustainable Technology market ecosystem and covers insights on VC investments, stage of startups, sustainable technology regional investment activity, job analytics, company filing trends, and patenting activity. Comprehensive view on innovative sustainable technology startups with cutting-edge expertise spanning across sectors are predicted to become tomorrow's unicorns.

Scope

  • Based on the analyst's proprietary ranking of 10,000 top startups, 40 IoT startups globally are shortlisted, of which 25 IoT startups are predicted to become future unicorns based on the analyst's proprietary Machine Learning Model.
  • The 10,000 top startups are spread over 70 countries with the US accounting for half of them, followed by China. Critical sectors in the startup universe include TMT (55%), Pharmaceuticals and Healthcare (11%), Financial Services (7%), and Retailing (4%), followed by other sectors.
  • Predicting Future IoT Unicorns by combining Startup Scorecard and Machine Learning model using 3 broad Patenting, Hiring and Investments trends in IoT Startups over the years. Unicorn Prediction came out to be true in recent years.

Reasons to Buy

  • The analyst's Potential Unicorns list offers early predictive intelligence and enables to spot tomorrow's winners today.
  • The model identifies venture funded companies which have the potential to become unicorns (a valuation of at least $1 billion) driven by the analyst's proprietary machine learning algorithm which decodes millions of interactions between key deal attributes.

Key Topics Covered:

1 IoT Landscape

1.1 Key Markets

1.2 Value Chain Analysis

1.3 Tech Innovation Intensity Model

1.4 VC investment trends

1.5 IoT investment by stage of startups

1.6 IoT regional investment activity

1.7 IoT Patent Trends

1.8 IoT Hiring Trends

1.9 IoT Company Filing Analysis

1.10 Trending on Social Media

2 IoT Startups Predicted to be Unicorns

3 Methodology

Companies Mentioned

  • Terramera Inc.
  • VanMoof BV
  • Genomatica Inc.
  • Einride AB
  • D`ishangtie Car Rental (Shenzhen) Co Ltd.
  • Enevate Corp
  • Ioxus Inc
  • ClimaCell Inc
  • Superpedestrian Inc
  • TerViva
  • FreeWire Technologies Inc
  • Sono Motors GmbH
  • Newlight Technologies LLC
  • Malta Inc
  • Agilyx Corporation
  • Skeleton Technologies Gmbh
  • Advanced Manufacturing Control Systems Ltd.
  • DroneSeed Inc
  • LevelTen Energy Inc
  • Omnidian Inc
  • Temperpack Technologies Inc
  • BreezoMeter Ltd
  • Shenzhen Recycling Technology Co Ltd
  • PosiGen LLC
  • TWAICE Technologies GmbH
  • Cowboy SA
  • Organica Water Inc.
  • Tipa Corp. Ltd
  • Tortuga Agricultural Technologies Inc
  • Clir Renewables Inc
  • Natel Energy Inc

For more information about this report visit https://www.researchandmarkets.com/r/c2hfki


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Aligns Sustainability Agenda with the Paris Climate Agreement and Furthers Company’s Robust Sustainability Journey

BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced it is joining other leading companies in the global movement to align its sustainability agenda with the Paris Climate Agreement to achieve net zero emissions by 2050. This ambition demonstrates Cabot’s ongoing commitment to protect the planet and further the company’s robust sustainability journey.


“As a leader in the performance materials and specialty chemicals industry, we are committed to building upon the strong foundation of our long-standing sustainability program to support the transition to a lower carbon economy,” said Sean Keohane, president and CEO. “Throughout the years, we have focused on reducing our impact and our net zero ambition is a natural progression in our sustainability journey. We believe that supporting the Paris Climate Agreement is not only the right thing to do, but it will also strengthen our competitive position and create value for our stakeholders as we advance our efforts to achieve a lower emissions environment.”

Cabot’s purpose is to create innovative materials that improve everyday life and enable a more sustainable future. The company is committed to reducing its environmental impact, while supporting its customers with innovative materials to help them achieve their sustainability goals. As part of Cabot’s 2025 Sustainability Goals, the company established a goal to reduce its greenhouse gas emissions intensity by 20% using 2005 as the baseline. To date, Cabot has realized 77% of this goal. To further this goal and achieve the ambition of net zero by 2050, Cabot intends to follow the methodology established by the Science Based Targets Initiative (SBTi) to set interim greenhouse gas reduction targets.

The transition to a lower carbon economy will take time and require collaboration, innovation and supportive public policy. Cabot’s path to reducing its footprint will be a continuous improvement journey that includes investments in technology, infrastructure and people. Throughout the process, Cabot will engage and collaborate with its suppliers, customers and other stakeholders to help achieve its goals. Cabot expects the technical path will include optimizing existing technologies, improving energy efficiency, maximizing the use of renewable energy and advancing technology innovations.

“Our current efforts to reduce greenhouse gas emissions include investments to increase process yields and recover waste heat from our process,” said Martin O’Neill, senior vice president, Safety, Health, Environment & Sustainability. “Looking ahead, we are excited about the future opportunities to further reduce our impact by increasing circularity across our product portfolio. Furthermore, we support the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) to increase transparency around climate actions, opportunities and progress.”

Cabot continues to be recognized by customers and third-party organizations for its commitment to excellence in sustainability as well as for outstanding innovation and customer service. Most recently Cabot was named to Investor’s Business Daily100 Best ESG Companies of 2021” list and Newsweek’s “America’s Most Responsible Companies 2022” list.

For more information about Cabot’s sustainability performance and initiatives, visit cabotcorp.com/sustainability.

ABOUT CABOT CORPORATION

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.


Contacts

Emily Moran
Corporate Communications
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(617) 460-4517

Steve Delahunt
Investor Relations
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(617) 342-6255

NORMAN, Okla.--(BUSINESS WIRE)--#energysoftware--PCI e-Tag+ is the first e-tagging solution to offer out-of-the-box implementation, unrestricted downstream data access, a modern user interface, and automated Straight-Through-Scheduling workflows.


If you create NERC e-Tags to record the transmission of power across various regions in North America, odds are the software you’re using to do it is dated. PCI (Power Costs, Inc.), the industry leading provider of software solutions for market participants and bilateral trading entities, has reimagined e-Tagging workflows by recently going live with its new e-Tag+ solution, designed from the ground up for today’s users who’ve been searching for a hyper-intuitive user interface and aren’t willing to sacrifice reliability, speed, and data access.

  • e-Tag+ can be quickly deployed “out of the box” from the cloud with minimal configuration to reduce costs.
  • e-Tag+ gives you the ability to manage complex power scheduling workflows with highly reliable and advanced automations.
  • As a stand-alone application, e-Tag+ integrates seamlessly with in-house or third-party systems via API endpoints, so it “plays nicely” with other solutions.
  • PCI guarantees unrestricted data access for reporting and downstream settlements use, so customers don’t have to pay again when they need to access their e-Tagging data for other purposes.

What users notice first about e-Tag+ is the intuitive, and highly configurable user interface. e-Tag+ screens and dashboards are paired with the workflows that each user requires and there’s even a dark mode option tailored for control room personnel.

Because it’s a PCI product, great care and attention have been taken to build in powerful, automated workflows that increase the speed and accuracy of trading and operations staff. Process views and alerts can be personalized, while screens update seamlessly, and mistakes are prevented with data entry validation.

Multiple organizations are already leveraging e-Tag+ for their unique tagging and scheduling requirements. “PCI’s e-Tag+ client go-lives represent a major shift for our customers on their path to sunsetting legacy applications and embracing far more modern solutions as part of their digitalization initiatives. Dozens of other utilities and energy trading companies are set to follow suit in the coming months,” said PCI Vice President Shailesh Mishra.

You can learn more about e-Tag+ during PCI’s upcoming webinar, "PCI Innovates e-Tagging Functionality & Automation with its e-Tag+ Solution," which will take place at 1 p.m. CST on Feb. 24, 2022. Click here to register for the webinar.

About Power Costs, Inc. (PCI)

PCI is the leading provider of energy trading software, superior customer support, and value-added services for energy companies worldwide. Founded in 1992, PCI continues to refine and develop new solutions that meet the ever-evolving needs of its clients, including investor-owned, municipal, and cooperative utilities, renewable energy companies, energy marketers and traders, and independent power producers. PCI optimizes more than half the power generated in North America, and more than 70% of Fortune 500 Utilities in the U.S. are PCI customers. The firm is privately held and based in Norman (OK), with regional offices in Houston (TX), Raleigh (NC), and Mexico City, and Sydney (AUS). To learn more, please visit powercosts.com.


Contacts

David Christopher
Power Costs, Inc. (PCI)
405 701-7378
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OAKLAND, Calif. & FLENSBURG, Germany--(BUSINESS WIRE)--Navis, the leading provider of maritime software solutions for efficient and compliant cargo loading, today announced the launch of a new product: the Lashing Monitor, to proactively monitor various lash conditions that could potentially damage container vessels and alert vessel crews to safety concerns at sea.


The number of container incidents at sea has recently risen dramatically, resulting in significant disruption in the supply chain, environmental pollution, damages to both ship and cargo and consequently loss of money, cargo and reputation for carriers. The majority of these incidents are the result of inadequate lashing calculations in addition to heavy weather and unexpected rough seas, which have a dramatic effect on the safety of the container stacks on board.

Navis now combines its MACS3 loading computer with the new Lashing Monitor application to look at current lash forces based on the measured motion of the vessel. The tool provides a visible and audio warning when lash forces exceed the set limits and a warning if the current design or critical rolling angle of the vessel is exceeded. In the event of severe weather, operational guidance gives the vessel crew decision-making assistance about course and speed in order to avoid a negative impact on the lashing and ultimately ensures the stability of the container stack.

“Gaining full control of your ship and cargo and maximizing your ship’s seaworthiness is the key to keeping cargo safely on board while sailing in heavy weather conditions,” said Ajay Bharadwaj, Sr. Director of Product Management for Navis Carrier and Vessel Solutions. “It is our top priority to ensure our customers maintain full visibility and receive the necessary guidance to take proactive action in critical situations at sea. With Lashing Monitor we are making sure that our customers’ cargo and crews safely make it to their end destination.”

The ability to receive warnings, on-board and on-shore, when the ship’s motion reaches a critical rolling angle in combination with automatic inclining experiment results, help ship operators to convert data into actionable insight and transport their cargo in a reliable manner through extraordinary situations.

For more information visit www.navis.com and to register for the webinar, “Increase Safety at Sea with the Navis Lashing Monitor,” on December 8 with Gerald Lange, Product Manager, and Natalia Mak, Account Executive, visit https://register.gotowebinar.com/.

For more information visit www.navis.com.

About Navis, LP

Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.


Contacts

Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Anna Patrick
Gregory FCA
T+1 212 398 9680
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Pexco LLC Continues Expansion Initiatives with Acquisition of Performance Elastomers Corporation



JOHNS CREEK, Ga.--(BUSINESS WIRE)--Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Performance Elastomers Corporation (PEC). Based in Ravenna, Ohio, near Akron, Performance Elastomers specializes in manufacturing dense and sponge elastomer products, including both rubber-based and thermoplastic elastomers (“TPEs”), used in recreational vehicle, automotive aftermarket, marine and heavy equipment applications.

Established in 1992, PEC began with a single extruder in a 10,000 square foot building. Today, PEC operates 15 extruders in facilities spanning over 100,000 square feet, providing a wide array of secondary and fabrication services as well as in-house tool and die capabilities.

Pexco CEO Sam Patel stated, “We are delighted to welcome Performance Elastomers to the Pexco family of companies. Performance Elastomers’ competencies provide an excellent fit with Pexco’s long-term commitment to strategic growth through the delivery of superior product and process innovation. Through this acquisition, Pexco looks forward to expanding the silicone and thermoplastic elastomer products and broadening its capabilities to include other high performance polymer solutions to deliver even greater value to our customers in the mobility, recreational vehicle and truck aftermarkets as well as expand into applications within other industries where these types of specialized products are required.”

Owners Art Bowen and Dave Spears stated, “We are extremely pleased to join forces with Pexco LLC, whose scale, reputation, and expertise will now provide an even broader array of services and solutions to our customers. Our new alliance will only reinforce our deep commitment to quality, service, and the ongoing development of unique product applications across the many market segments we currently serve.”

Since 2009, Pexco has executed on multiple acquisitions as it has grown into the largest industrial custom plastics extrusion company in North America.

Pexco was acquired in 2018 by AEA Investors, the global private equity group. The purchase of PEC represents Pexco’s ninth acquisition under its new ownership. Patel stated that “We remain committed to the ongoing, strategic expansion of our capabilities, including the pursuit of key acquisitions that fit our core objectives as North America’s premier provider of custom plastics solutions.”

About Pexco LLC

Based in Atlanta with multiple plants across the United States and Mexico, Pexco is a North American leader in the design and fabrication of custom extruded and injection molded plastics products. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations. For more information, visit www.pexco.com or contact 770-777-8540.

About Performance Elastomers Corporation

Performance Elastomers Corporation is a custom provider of rubber, silicone, and thermoplastic elastomer products, offering an extensive array of secondary processes as well as in-house tool and die capabilities. The company is well known for their decades of providing uncompromising quality and exceptional solutions to a wide range of markets, featuring applications for industrial, architectural, and recreational use.

About AEA Investors LP

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 100 investment professionals operate globally with offices in New York, Connecticut, San Francisco, London, Munich and Shanghai. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies, growth capital and mezzanine and senior debt investments. The AEA Small Business Funds is a strategy within AEA that currently manages $1.9 billion of invested and committed capital. The team seeks to help grow and transform companies at the lower end of the middle market by sponsoring growing companies with proven management teams and superior business models.


Contacts

Pexco LLC
www.pexco.com
Scott Mattice
Business Development/M&A Manager
770-777-8549

DUBLIN--(BUSINESS WIRE)--The "Hydrographic Survey Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.


The global hydrographic survey equipment market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 5.3% during 2021-2026.

Hydrographic survey is conducted for scientifically measuring and analyzing the physical environment underwater, which affects maritime navigation, marine construction, and offshore oil exploration/drilling activities. It primarily relies on the hydrographic survey equipment for producing detailed plans of harbors, seabeds and waterways showcasing shapes, depths and contours. This equipment comprises both software and hardware components, and it can be installed on autonomous underwater vehicles (AUVs), unmanned underwater vehicles (UUVs), small crafts and large ships.

Hydrographic Survey Equipment Market Trends:

The significant increase in maritime trade and the escalating demand for accurate nautical charts represents one of the key factors favorably influencing the market.

Moreover, the increasing utilization of big data and machine learning (ML), along with numerous other technological advancements, such as the incorporation of 3D and 4D technologies in hydrographic studies, is enhancing the predictive assessment for ports. This can be accredited to the capability of these technologies to provide more realistic insight into developments of the surrounding waters. This, in confluence with a considerable rise in the demand for hydrographic equipment from offshore industries like oil and gas, is also contributing to the market growth.

However, the coronavirus disease (COVID-19) outbreak forced governments of numerous countries to shut down ports to prevent the spread of the disease. This negatively impacted the demand for hydrographic survey equipment. The market is anticipated to experience growth on account of the rising development of offshore marine infrastructure fields, such as effluent disposal systems, bridges and ports for several other industries, and coastal thermal power plants.

Key Questions Answered in This Report:

  • How has the global hydrographic survey equipment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hydrographic survey equipment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the depth?
  • What is the breakup of the market based on the platform?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hydrographic survey equipment market and who are the key players?
  • What is the degree of competition in the industry?

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

  • EdgeTech
  • Innomar Technologie GmbH
  • iXblue SAS
  • Kongsberg Gruppen ASA
  • Raytheon Technologies Corporation
  • Sonardyne International Ltd.
  • SyQwest Incorporated
  • Teledyne Technologies Inc.
  • Topcon Corporation
  • Tritech International Limited (Moog Inc.)
  • Valeport Ltd.

Key Market Segmentation

Breakup by Type:

  • Sensing Systems
  • Positioning Systems
  • Subsea Sensors
  • Software
  • Unmanned Vehicles
  • Others

Breakup by Depth:

  • Shallow Water
  • Deep Water

Breakup by Platform:

  • Surface Vessels
  • USVs and UUVs
  • Aircraft

Breakup by Application:

  • Hydrographic or Bathymetry Survey
  • Port and Harbor Management
  • Offshore Oil and Gas Survey
  • Cable or Pipeline Route Survey
  • Others

Breakup by End Use:

  • Commercial
  • Research
  • Defense

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/o5v7gd


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOCA RATON, Fla.--(BUSINESS WIRE)--East Resources Acquisition Company (NASDAQ: ERES) (the “Company”) today announced that, on November 30, 2021, it received a notice (the “Notice”) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) (the “Rule”) because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 (the “Form 10-Q”) with the Securities and Exchange Commission (“SEC”). The Notice has no immediate effect on the listing or trading of the Company’s securities on the NASDAQ.


As previously disclosed in the Form 12b-25 filed on November 16, 2021 by the Company in light of recent guidance, the management of the Company has re-evaluated its application of ASC 480-10-S99-3A to its accounting classification of the redeemable shares of Class A common stock, par value $0.0001 per share (the “Public Shares”), issued as part of the units sold in the Company’s initial public offering on July 27, 2020. Historically, a portion of the Public Shares was classified as permanent equity to maintain net tangible assets greater than $5,000,000 on the basis that the Company will consummate its initial business combination only if the Company has net tangible assets of at least $5,000,001. Pursuant to such re-evaluation, the Company’s management has determined that the Public Shares include certain provisions that require classification of the Public Shares as temporary equity regardless of the minimum net tangible assets required to complete the Company’s initial business combination.

Under NASDAQ rules, the Company has 60 calendar days from the date of the Notice, or until January 31, 2022, to submit a plan to regain compliance with the Rule. If NASDAQ accepts the Company’s plan, then NASDAQ may grant an exception of up to 180 calendar days from the due date of the Form 10-Q or until May 23, 2022, to regain compliance. The Company is continuing to review the impacts of the SEC Statement on the Company’s unaudited financial statements for the quarterly period ended September 30, 2021 and is working diligently to complete the Form 10-Q as soon as reasonably practicable with the intention of regaining compliance.

ABOUT EAST RESOURCES ACQUISITION COMPANY

East Resources Acquisition Company, led by Terrence (Terry) M. Pegula, is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy industry in North America.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

SOURCE East Resources Acquisition Company


Contacts

Investor Contact:
Kelly Seward
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Oakwood School District broke ground on the future Oakwood Junior High facility, to provide enhanced learning and working environment for students and staff.

FRAMINGHAM, Mass. & OAKWOOD, Ill.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced their partnership with Oakwood School District to construct an addition on the Oakwood Grade School building.



Oakwood School District selected Ameresco to address the needs of their aging facilities and construct the build-out to provide an enhanced learning environment for staff and students. Upon project completion, all Oakwood Junior High students and staff will move to the new wing, added to the Oakwood Grade School building, where more technology and resources will be available to them. The existing Junior High building will be closed (except for the use of the gym as necessary), allowing the existing, aged building systems to be shut down, which provides the district energy savings through the use of new, more efficient building systems in the new wing.

Superintendent Larry Maynard stated that “Through the use of our ESSER Funds we have begun the process of consolidating the junior high with our grade school as a means to enhance the educational opportunities and resources for student growth.”

“We commend Oakwood School District for taking steps to improve the working and learning environment for their staff and students,” said Lou Maltezos, EVP at Ameresco. “We are proud to be their implementation partner for these infrastructure upgrades.”

Groundbreaking on the project took place yesterday, with participation from the Oakwood School District Superintendent and the Board of Education. The project is expected to be complete in Summer 2022.

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Oakwood School District

The Oakwood School District serves the communities of Oakwood, Fithian, and Muncie. We are a small rural PK - 12 school district serving approximately 900 students and located right off of Interstate 74 close to Champaign and Danville, Illinois. Our district is equipped with technology devices for every student and the Illinois Report Card has rated our schools as commendable the past several years.

About Ameresco, Inc.

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

The announcement of a customer’s award of or entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of September 30, 2021.


Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Oakwood Community Unit School District #76: www.oakwood76.org

EXTON, Pa.--(BUSINESS WIRE)--#YII2021--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the Year in Infrastructure 2021 Founders’ Honorees. During the 2021 Year in Infrastructure and Going Digital Awards virtual event today, 22 Founders’ Honorees were recognized, representing organizations or individuals whose undertakings contribute notably to infrastructure advancement and/or environmental/social development goals.



Bentley Systems founders Keith and Greg Bentley, and Bentley’s Director of ES(D)G Rodrigo Fernandes, reviewed the compelling credentials of 18 Honorees selected from 230 organizations who submitted nominations for the company’s annual Going Digital Awards in Infrastructure program. Chief Acceleration Officer Santanu Das recognized three Honoree organizations respectively for Infrastructure IoT, iTwin Enterprise, and iTwin Entrepreneur. Nick Smallwood, CEO, on behalf of the U.K.’s Infrastructure and Projects Authority, was honored for ES(D)G Advocacy.

The Year in Infrastructure 2021 Founders’ Honorees are:

ES(D)G Honoree for Affordable and Clean Energy
Fujian Yongfu Power Engineering Co., Ltd.
Fujian Changle Zone C Offshore Wind Farm
Changle/Fuzhou, Fujian, China

ES(D)G Honoree for Climate Action
Evides NV
Pumping Energy Optimization and CO2 Reduction Evides Case Study
Rotterdam, Netherlands

ES(D)G Honoree for Sustainable Cities and Communities
GenMap
Tree Modeling and Feature Extraction Using Mobile Mapping
Mendoza, Argentina

For 4D Design Review
PT MRT Jakarta (Perseroda)
MRT Jakarta Phase II
Jakarta, Indonesia

For 4D Digital Twins Advancement
WSB
TH 169: Redefine Elk River
Elk River, Minnesota, United States

For As-Operated Digital Twin
CNOOC Energy Development Design and R&D Center
Digital Twin Project of the FPSO Offshore Oil Gathering and Transportation Platform
South China Sea, Guangdong, China

For Collaborative Success
Wood
Wood Bentley Digital Community Collaborative Portal
United Kingdom

For Comprehensive Collaboration
CES_SDC Pte Ltd & AECOM Singapore Pte Ltd
Tuas Water Reclamation Plant - Contract C4A - BioSolids & Digesters
Singapore

For Comprehensive Project Digital Twin
China Railway First Survey and Design Institute Group Co., Ltd.
Application of BIM Technology in the Design of Xi’an-Shiyan High-Speed Railway
Xi’an, Lantian, Shangluo, Shanyang, and Shiyan; Shaanxi and Hubei; China

For Digital Adaptation
AFRY & Tyréns Consortium
East Link
Stockholm, Sweden

For Digital Integrator
Mott MacDonald and National Grid
London Power Tunnels 2
London, United Kingdom

For Digital Twins R&D
Shanghai Investigation, Design & Research Institute Co., Ltd.
The Application of Digital Twin Technology in the Full Lifecycle of Offshore Wind Power Projects
Beijing, China

For ES(D)G Advocacy
Nick Smallwood (on behalf of Infrastructure and Projects Authority)
Infrastructure and Projects Authority
United Kingdom

For Global Future-proofing
Brigantium Engineering
ITER: In-Pit Activities for Tokamak Assembly
St. Paul-les-Durance, Bouches-du-Rhone, France

For Going Digital in Education
Center for Industrial Technological Studies and Services No. 33
CETIS 33 BIM Workshop
Mexico City, Mexico

For Infrastructure IoT
GZA GeoEnvironmental
United States

For iTwin Enterprise
Consilience Analytics
United States

For iTwin Entrepreneur
SewerAI
United States

For National Digital Twin
Singapore Land Authority
Advancing Singapore National 3D Reality Mapping for a Changing World
Singapore

For Pandemic-proof Execution
PT Hutama Karya (Persero)
Modification of Surabaya - Gresik Toll Road Interchange
Surabaya, East Java, Indonesia

For Project Delivery Visibility
Zachry Industrial, Inc., a Zachry Group Company
Golden Pass LNG Export Project
Sabine Pass, Texas, United States

For Virtuoso Invention
NP Singh
GMW Pvt. Ltd.
India

To view the project descriptions and access the images, visit the Founders’ Honorees webpage. Detailed descriptions of all nominated projects will be published in the print and digital versions of Bentley’s 2021 Infrastructure Yearbook in early 2022. To review the past editions of this publication, access Bentley’s Infrastructure Yearbooks.

Watch the executive sessions and the Going Digital Awards finalists’ presentations from the 2021 Year in Infrastructure and Going Digital Awards virtual event on-demand here.

Image

# #

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries.

www.bentley.com

© 2021 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.


Contacts

Press:
Christine Byrne
+1 203 805 0432
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Follow us on Twitter:
@BentleySystems

LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it is the first heat tracing cable manufacturer to secure third-party verification of a product’s long-term power retention capabilities. Underwriters’ Laboratories (UL) recently verified the performance of the nVent RAYCHEM HTV self-regulating heating cable to retain 100% power output following 18 months of intensive, continuous testing at the product’s maximum operating temperature of 205°C (400°F).

This announcement marks the first time the international certification agency UL has verified a heat tracing product’s performance over such an extended period. Regulatory standards typically focus on validating a product’s safety status and short-term performance, but there are currently no regulatory requirements for heating cable longevity or power retention beyond the first few months of operation.

“nVent has been at the forefront of innovation in the heat tracing sector for well over 50 years – continuously developing new technologies and techniques that connect and protect people, critical infrastructure, industrial processes and buildings,” said Brad Faulconer, president, nVent Thermal Management. “Securing a UL Verified Mark for our nVent RAYCHEM HTV heating cable’s superior long-term performance is the latest in a long line of industry firsts, which demonstrates our commitment to true quality and giving our customers solutions that work better, for longer.”

Redefining long-term performance standards

nVent combined the recent nVent RAYCHEM HTV heat tracing cable test data with 3D Arrhenius modelling techniques to establish concrete lifetime ratings for its heating cable. Based on these ratings, the nVent RAYCHEM HTV heating cable sets a new standard in heat tracing performance, offering a minimum of 95% power retention after 10 years and a design life of 30 years. The overall result is a reliable solution that industrial manufacturers can trust to protect their temperature critical operations.

Cost-efficient quality

Consistent power retention is critical for ensuring plants and facilities can cope with most unexpected scenarios, such as extreme weather conditions. It can be difficult for operators to regularly assess the performance status of heating cables, making it challenging to quickly identify diminished power retention. With extensive reliability data now confirmed by a third-party source, the nVent RAYCHEM HTV heating cable can help plant managers keep their facilities running smoothly and safely. This hard-wearing solution also can deliver an enhanced return on investment, with lower operating costs over time and reduced risks from catastrophic failures that can cause production delays and even plant closures.

To learn more about the nVent RAYCHEM HTV UL Verified Mark visit https://verify.ul.com/verifications/670

To learn more about the nVent RAYCHEM HTV heating cable, visit https://raychem.nvent.com/en-us/products/htv-self-regulating-heating-cable-0

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.


Contacts

Koen Verleyen
EMEAI Marketing Manager
nVent
+32(0)478904219
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Eugene Ho
NAM Marketing Manager
nVent
+1-650-474-7508
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Kang Wang
APAC Marketing Manager
nVent
+86-21-24121567
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  • The company strengthens its position in the electric vehicle charger sector with an app that automates the installation process
  • With this new software, Wallbox covers the entire lifecycle of electric chargers: from design and production to installation and maintenance
  • The 'Installer App' is designed to help Wallbox to improve both the control and speed of the installation and maintenance processes of its electric vehicle chargers 

BARCELONA--(BUSINESS WIRE)--Wallbox N.V., (NYSE:WBX) a leading provider of electric vehicle (EV) charging and energy management solutions, goes one step further in its vision to transform energy consumption in households and further integrates and automates the installation of home charging solutions into its service through their new Installer App. This app allows Wallbox to expand the scope of its services and cover the full lifecycle of its electric chargers, from the conception and design phase all the way through to installation and maintenance, including production and point of sale.



The Installer App adopts a user experience similar to that of popular food delivery and rideshare apps. In the first few months the app has proven to reduce the time taken between purchase and installation by 50% and has reduced the reaction time for on-site technical assistance requests to less than five days. The company expects that approximately 85% of the jobs will be managed through this new app, to help improve the customer experience.

In addition to simplifying the installation process, the app puts Wallbox in a position to more efficiently carry out quality control as it centralises the relevant information for each installation or technical service through a single dashboard to improve customer satisfaction. Customers will also be able to rate the service received by the technician through the app which will give each installer a Net Promoter Score.

The app is also designed to simplify the experience for the technicians, who have all the information they need for each request in the palm of their hand. The technicians are able to access Wallbox product guides and necessary installation information straight from the app.

Eduard Castañeda, co-founder: "This app gives us even further control over the lifetime of our charging solutions. It also enables us to offer an excellent user experience. To accelerate the transition to electric mobility it is crucial to improve and simplify the user experience.”

Presence in seven countries

This new app, which has already soft launched in seven of the main European markets (Spain, Italy, Portugal, Germany, United Kingdom, France and the Netherlands), is currently being used by 64% of the installers in the Wallbox network.

David Symons, official Wallbox installer in London, "We have been working with Wallbox's new Installer App and it has made the installation process much quicker and easier. The App allows us to get the necessary installation information directly to our phones. This App is a very important step forward in improving Wallbox's work processes".

Frédéric Trouche, official Wallbox installer in Paris, "We are very satisfied with the result of this app. It is very easy to use, very intuitive, and it is perfectly adapted to the needs of technicians. The fact that we have the information we need to carry out technical interventions on the same device allows us to be much more efficient and offer a better quality of service. The technicians really appreciate the time savings and the customers appreciate the professionalism with which we have carried out the service".

Over the coming months, the Installer App, which is available for iOS and Android, is expected to continue to be rolled out in other countries where Wallbox markets its products.

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. Forward-looking statements generally relate to future events or Wallbox’s future financial or operating performance. For example, forward-looking statements include but are not limited to the efficiency and expected impact of the new app and the future roll out of the app in additional countries. 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 Prospectus 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.


Contacts

Elyce Behrsin
Public Relations
+34 673 310 905
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INDEPENDENCE, Ohio--(BUSINESS WIRE)--Covia announced today that its Industrial Segment will implement a price increase across all product lines, effective January 1, 2022, of up to 15% depending on the product and grade. This action is necessary to help offset continued and significant inflationary pressures across several categories including energy, steel, packaging, transportation, labor, resins and additives, and will allow Covia to maintain our service and value to our industrial customers.

About Covia

Covia is a leading provider of diversified mineral solutions to the oil and gas, glass, ceramics, coatings, metals, foundry, polymers, construction, water filtration, sports and recreation markets. The Company serves its Industrial customers through a broad array of high-quality products, including high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, resin systems and coated materials, delivered through its comprehensive distribution network. Covia offers its Energy customers an unparalleled selection of proppant solutions, additives, and coated products to enhance well productivity and to address both surface and down-hole challenges in all well environments. Covia has built long-standing relationships with a broad customer base consisting of blue-chip customers. Underpinning these strengths is an unwavering commitment to safety and to sustainable development, further enhancing the value that Covia delivers to all its stakeholders. For more information, visit CoviaCorp.com.


Contacts

Bob Falkowski
216-905-5411
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NEW YORK--(BUSINESS WIRE)--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 30, 2021 to holders of record at the close of business on December 15, 2021.


Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.


Contacts

For Hess Corporation

Investor Contact:
Jay Wilson
(212) 536-8940

Media Contact:
Lorrie Hecker
(212) 536-8250
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Top industry Accelerator and Tech Center selects Renewable Energy Pioneer to launch pilots throughout Asia to increase energy access and solve organic and plastic waste problems

FRANKLIN, Tenn.--(BUSINESS WIRE)--Enexor BioEnergy, LLC, of Franklin, Tenn., manufacturer of a renewable energy and carbon conversion solution to help solve the world’s organic, biomass, and plastic waste problems, today announced that it has been selected into the prestigious Plug and Play Energy and Sustainability Accelerator to launch renewable energy pilots with corporations across Asia.



Plug and Play’s Energy and Sustainability Accelerator is a 3-month program sponsored by the Plug and Play Tech Center (“Plug and Play”), the world’s largest early-stage investor, accelerator, and corporate innovation platform which has been recognized as the “most active Silicon Valley venture capital firm” and was an early investor in Google, PayPal, and Dropbox. This Accelerator will match Enexor with industry leading Asian energy and industrial corporations. This selection builds on Enexor’s relationship with Plug and Play Asia Pacific which in 2020 selected Enexor BioEnergy as a winner of its Asia-Pacific Travel & Hospitality program sponsored by The Asian Development Bank and The Pacific Asia Travel Association.

We are excited to partner with major corporations and hospitality/resort operators across Asia who desire to reduce their Carbon and Plastic Footprint while gaining greater access to renewable energy,” stated Enexor Founder and CEO Lee Jestings. “Our goal is to install 100MW+ of distributed, renewable energy in Asia while diverting millions of tons of organic and plastic waste from ending up in landfills, rivers, or oceans.”

Enexor’s patented Bio-CHP system converts almost any organic, plastic or biomass waste into reliable, renewable power and thermal energy while concurrently reducing carbon emissions, creating carbon and plastic credits, and ultimately mitigating climate change. Modular and easily transportable, the plug-and-play design of this powerful system allows for quick deployment and on-site mobilization in most places around the world. Enexor’s unique business model also enables immediate cost savings and environmental sustainability for its customers.

This selection builds on an exciting year for Enexor, which saw it quickly being recognized across the world as a leading renewable energy solution to combat Climate Change. Notably honors in 2021 have included securing a large Series A investment from BorgWarner Inc. (NYSE: BWA), being selected into the 100+ Accelerator sponsored by AB InBev (NYSE: BUD), Unilever (NYSE: UL), Coca-Cola (NYSE: KO), and Colgate-Palmolive (NYSE: CL), Google’s (NASDAQ: GOOGL) Climate Change Accelerator, Halliburton Company’s (NYSE: HAL) Clean-Tech Labs Accelerator, and winning the United Nations World Tourism Sustainable Development Goals Startup Competition out of 10,000 applicants from 138+ countries.

About Enexor BioEnergy

Enexor BioEnergy provides on-site, renewable energy and carbon conversion solutions to help solve the world’s organic waste and plastic waste problems. Enexor’s patented bioenergy system derives value from organic and plastic waste by producing 24/7 continuous power and thermal energy for facilities and microgrids worldwide. Enclosed within a 20-foot custom shipping container, the Bio-CHP systems are designed to be deployable next to a retail store in the United States, hurricane-exposed areas in the Caribbean or a village in Africa. Enexor manufactures its systems at its headquarters in Franklin, Tenn., a Nashville suburb. More at www.enexor.com.

About Plug and Play Tech Center

Plug and Play Tech Center is the world's largest early-stage investor, accelerator, and corporate innovation platform with global headquarters in Sunnyvale, California in the Silicon Valley. Plug and Play runs two programs per year in each industry and location (totaling 50 accelerator programs per year) and was recognized as the “most active Silicon Valley venture capital firm” by Silicon Valley Business Journal. Plug and Play were early investors in Google, PayPal, Dropbox, LendingClub, N26, Soundhound, Honey, Kustomer, and Guardant Health. The company has offices in over 30 locations around the world from Sunnyvale to Tokyo. More at www.plugandplaytechcenter.com/


Contacts

For Plug and Play Tech Center:
Megumi Shoei
Plug and Play Japan KK
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+81-50-5474-2808

For Enexor:
Robert Grajewski
SVP, Enexor BioEnergy
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615-656-0762

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and producing properties located entirely in Texas, as well as over 600 miles of operated crude, gas and water pipelines and infrastructure. Estimated 2022 production from these assets is expected to be approximately 200 MBOED, roughly half of which is operated.


“This deal was justified on three key merits: it meets our rigorous cost of supply framework, we see a way to drive efficiencies from the assets, and the transaction makes our 10-year plan better,” said Ryan Lance, chairman and chief executive officer. “We believe the addition of these high-quality assets improves our underlying business drivers, expands our cash from operations, enhances our ability to deliver higher returns on and of capital, and lowers our average GHG intensity.”

Lance continued, “The completion of this acquisition caps off an exceptional year and significantly strengthens our company as we head into 2022. We welcome a new group of employees and look forward to integrating these properties into our Permian business and realizing the full potential of this transaction.”

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About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $87 billion of total assets, and approximately 9,900 employees at Sept. 30, 2021. Production excluding Libya averaged 1,514 MBOED for the nine months ended Sept. 30, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.

Forward-Looking Statements

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition or the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.


Contacts

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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  • Breadth of portfolio, proven technology, staying power, and geographic reach are contributors to leadership position in Guidehouse AI for DER Integration Leaderboard
  • GE Digital recognized as a leader with a holistic approach, offering a substantial portfolio of AI solutions for DER integration to accelerate renewable adoption
  • Leadership score was influenced by an extensive portfolio of new innovative AI focused grid analytics alongside predictive capability extensions within established, proven grid management and Renewables & DER Orchestration solutions

SAN RAMON, Calif.--(BUSINESS WIRE)--Guidehouse Insights released the results of its most recent research report, AI Vendors for DER Integration. The analysis recognizes GE Digital as a leader in the delivery of software to manage Renewables and Distributed Energy Resource (DER) on the electric grid so that utilities can address decarbonization and increase reliability, safety, and stability.


The Guidehouse Insights Leaderboard report evaluates the relative strengths and weaknesses of vendors active in any major market segment. In this report, Guidehouse evaluated 14 vendors that determined their overall position in their Leaderboard in these four areas: Leaders, Contenders, Challengers, and Followers. Leaders are vendors that scored 75 or above in both Strategy and Execution. GE Digital received a 79.8 overall score, second in the rankings.

GE Digital’s dual approach to analytics enables a utility to utilize a data science platform to perform analytics or leverage a portfolio of analytic capabilities. The analytics capabilities are embedded within existing IT and OT systems or offered as functional, application agnostic modules. GE Digital’s microservices-based solutions, offer deployment flexibility, faster time to value, and interoperability with existing legacy systems and vendors.

The report highlights GE Digital’s broad analytics solutions that enable faster, higher fidelity, data access and optimization that is required to address the challenges posed by increasing DER penetration on the grid. Leading-edge solutions leverage AI capabilities including computer vision, natural language processing, and machine learning (ML) for detection, prediction, forecasting, optimization, and overall grid management. ML is foundational to the GE Digital portfolio to optimize complex actions that span grid use cases including asset inspections, vegetation management, and storm preparedness.

Advances in analytics capabilities and the influx in available data have positioned AI as a successful and necessary tool for grid management,” said Hannah Davis, Senior Research Analyst – AI and Advanced Analytics, Guidehouse Insights, one of the authors of the report. “The companies that are named leaders, like GE Digital, have clearly differentiated themselves from the competition through exceptional technology development, strong partner relationships, a sustainable business model, and significant market traction. Leaders are currently in the strongest position for long-term success in the AI for DER integration market.”

Offering an analytics platform, analytic modules, and DER-enabled ADMS, Energy Management Systems (EMS), Geospatial Information Systems (GIS) and Market Management solutions contributes to GE Digital’s Technology and Go-to-Market Strategy scores. Focusing on grid analytics, it has extended its portfolio to include advanced forecasting, EV charging optimization, and integration of small-scale renewables. Having 40% of the world’s electricity relying on GE Digital’s Grid software was a proof point of GE’s domain knowledge and geographic reach.

Advanced AI-based analytics are a key enabler to orchestrate DERs and manage the pace of change, scale, and complexity,” said Jim Walsh, GE Digital General Manager Grid Software. “We are proud to be named a leader in this report that recognizes the importance of our innovation investment in Renewables and DER Orchestration. This is a strategic tenant for our business. We are fortunate to partner with the most progressive utility and market operators globally to meet the rapidly evolving needs of the electric grid of the future.”

For more information on the report.

About GE Digital

GE Digital is transforming how industry solves its toughest challenges. GE Digital’s mission is to bring simplicity, speed, and scale to its customers’ digital transformation activities, with software that helps them to better operate, analyze and optimize their business processes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas and manufacturing sectors put their industrial data to work. For more information, visit www.ge.com/digital.


Contacts

Media:
Ellie Holman
GE Digital
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EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy USA Inc. (NYSE: MUSA) recently authorized a new share repurchase authorization of up to $1 billion to begin upon completion of the current $500 million authorization and to be executed by December 31, 2026. The new authorization is a continuation of the company’s updated capital allocation strategy, which was announced in October 2020, and reaffirms the company’s commitment to supplement organic growth initiatives with shareholder distributions, including our recently announced dividend growth plan, to maximize value creation over time.


“In light of Murphy USA’s robust operating performance and ability to generate free cash flow on top of accelerated organic growth, we are pleased to reaffirm this piece of our value creation formula,” said President and CEO Andrew Clyde. “Given that we are on track to execute the previously announced $500 million program nearly two years early, this new authorization is a testament to our advantaged business model and increasing confidence in the future of our company. This timeframe provides management added flexibility over a five-year window to prioritize high impact organic growth, while providing optionality around execution and preserving prudent liquidity.”

The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may be conducted through open market transactions, privately negotiated transactions, pursuant to accelerated share repurchase programs, or otherwise. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company’s stock plans and for other corporate purposes.

About Murphy USA
Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,650 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 322 among Fortune 500 companies.

Forward-Looking Statements
Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainties, including, but not limited to our M&A activity, anticipated store openings, fuel margins, merchandise margins, sales of RINs, trends in the Company’s operations, dividends and share repurchases. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: the Company’s ability to realize projected synergies from the acquisition of QuickChek and successfully expand our food and beverage offerings; the Company’s ability to continue to maintain a good business relationship with Walmart; successful execution of the Company’s growth strategy, including the Company’s ability to realize the anticipated benefits from such growth initiatives, and the timely completion of construction associated with the Company’s newly planned stores which may be impacted by the financial health of third parties; the Company’s ability to effectively manage the Company’s inventory, disruptions in the Company’s supply chain and the Company’s ability to control costs; the impact of severe weather events, such as hurricanes, floods and earthquakes; the impact of a global health pandemic, such as COVID-19, including the impact on the Company’s fuel volumes if the gradual recoveries experienced throughout 2020 and 2021 stall or reverse as a result of any resurgence in COVID-19 infection rates and government reaction in response thereof; the impact of any systems failures, cybersecurity and/or security breaches of the company or its vendor partners, including any security breach that results in theft, transfer or unauthorized disclosure of customer, employee or company information or the Company’s compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of the Company’s information technology strategy; reduced demand for our products due to the implementation of more stringent fuel economy and greenhouse gas reduction requirements, or increasingly widespread adoption of electric vehicle technology; future tobacco or e-cigarette legislation and any other efforts that make purchasing tobacco products more costly or difficult could hurt the Company’s revenues and impact gross margins; changes to the Company’s capital allocation, including the timing, declaration, amount and payment of any future dividends or levels of the Company’s share repurchases, or management of operating cash; the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, and general economic conditions; compliance with debt covenants; availability and cost of credit; and changes in interest rates. Murphy USA’s SEC reports, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. Murphy USA undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.


Contacts

Investor Contact:
Christian Pikul – Vice President of Investor Relations and FP&A
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Mitchell Freer – Investor Relations Analyst
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