DUBLIN--(BUSINESS WIRE)--The "Logistic Containers Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The report on the global logistic containers market provides qualitative and quantitative analysis for the period from 2019 to 2027. The report predicts the global logistic containers market to grow with a healthy CAGR over the forecast period from 2021-2027.
The study on logistic containers market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.
The report on logistic containers market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global logistic containers market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global logistic containers market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
What does this Report Deliver?
Market Dynamics
Drivers
Restraints
Opportunities
Segment Covered
The global logistic containers market is segmented on the basis of container type, use, and end user.
The Global Logistic Containers Market by Container Type
The Global Logistic Containers Market by Use
The Global Logistic Containers Market by End User
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/oi7a8y
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) fiscal first quarter 2022 earnings release, you are invited to listen to its conference call on Tuesday, February 1, 2022, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.
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Helmerich & Payne, Inc.’s Fiscal First Quarter 2022 Earnings Release. Other material developments may also be discussed. |
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11:00 a.m. ET (10:00 a.m. CT), Tuesday, February 1, 2022 |
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Domestic: 800-895-3361 Access Code: Helmerich |
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International: 785-424-1062 Access Code: Helmerich |
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Via Internet: |
Visit http://www.helmerichpayne.com then click on “Investors” and then click on “News & Events – Event & Presentations” to find the link to the webcast. |
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Dave Wilson, This email address is being protected from spambots. You need JavaScript enabled to view it., 918-588-5190 |
If you are unable to listen during the live webcast, the call will be archived for 365 days on Helmerich & Payne, Inc.’s website, http://www.helmerichpayne.com, under “News & Events – Event & Presentations”, which can be accessed through the “Investors” section of the website.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its investor relations website at www.helmerichpayne.com.
Dave Wilson, This email address is being protected from spambots. You need JavaScript enabled to view it., 918-588-5190
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q4 2021 results on Monday, February 14, 2022, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 or 1-416-621-4642 and entering pass code 4190629.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson, VP, Investor Relations & Pensions
902-474-2126
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Arianne Amirkhalkhali, Manager, Investor Relations
902-425-8130
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Media:
902-222-2683
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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE: FTI) (PARIS: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Wednesday, January 12, at 10:00 a.m. CST at the following event:
ATB 10th Annual Institutional Investor Conference
January 11 – 13, 2022
Location: Virtual Conference
The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments – Subsea and Surface Technologies – we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Category: UK regulatory
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
EV charging program helps deliver 12 stations to Palm Springs Cathedral City High School
OVERLAND PARK, Kan.--(BUSINESS WIRE)--With communities across Southern California seeking to accelerate electric vehicle adoption efforts, Black & Veatch announces the completion of 12 charging stations at Cathedral City High School (CCHS) in Palm Springs, California. The project, a key component in local decarbonization efforts, was made possible through ‘Charge Ready,’ a program from public utility Southern California Edison (SCE) launched to add charging stations in its service area.
Black & Veatch, a leading provider of electric and alternative fuel transportation infrastructure, provided construction services for 12 EV charging ports at the public high school. Run by SCE, the Charge Ready Schools Program is a $10-million, state-approved program that seeks to place EV charging infrastructure at K-12 schools throughout SCE’s service area for use by faculty, staff, students, and community members. The program is viewed as a critical step toward meeting the state’s goal of carbon neutrality by 2045.
In addition to providing additional charging infrastructure options, CCHS hopes the site will encourage students to choose EVs while also preparing the school for its planned adoption of a zero-emission fleet by 2035. Palm Springs Unified School District (PSUSD) aims to have all the district’s high schools similarly equipped within two years.
To date, Black & Veatch has provided design, engineering, and construction services at 35 sites within SCE’s Charge Ready suite of programs. An additional 67 sites currently are in design. Black & Veatch is one of several contractors SCE selected for the Charge Ready programs.
“Utilities have an important role to play in preparing communities to achieve the net-zero transition; and through the Charge Ready program, SCE is doing just that,” said Dean Siegrist, associate vice president, Black & Veatch. “We at Black & Veatch are proud to be involved in helping communities adopt more sustainable forms of transportation and in facilitating adoption of EVs for the young adults at Cathedral City High School.”
SCE’s Charge Ready program is one of several make-ready EV charging infrastructure programs across the nation. As one of the first, SCE’s program has served as a model for utilities to follow. Utilities invest in EV make-ready programs to prepare their service areas for electrification and to stimulate EV adoption by adding public charging infrastructure at key locations.
Other utilities in major metropolitan areas working on similar make-ready charging infrastructure programs include Georgia Power, New York Power Authority, Duke Energy, Xcel Energy, PG&E, Portland General Electric, and San Diego Gas and Electric.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting, and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today declared the January monthly distribution of $0.06 per share payable on January 31, 2022, to shareholders of record on January 24, 2022.
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policy.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with “yield” or “income.”
TPZ will report the sources for its distributions at the time of the payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TPZ reports are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on this fund, please visit cef.tortoiseecofin.com.
About Tortoise
Tortoise focuses on energy and power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, visit www.TortoiseEcofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the fund and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the fund and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow
(913) 981-1020
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OKLAHOMA CITY--(BUSINESS WIRE)--Derby Energy, LLC, an Oklahoma City based oil and natural gas company reported today that, on December 23, 2021, SCOOP I, LP, one of its affiliated companies, closed on the acquisition of certain Anadarko Basin producing non-operated properties from an undisclosed entity for $31,600,000.
Transaction Highlights:
• Non-operated working interest in 248 producing horizontal wells and 16 DUC wells
• Average daily net production of 1,030 Boe (50% oil and liquids)
• 4,100 net leasehold acres (100% held by production) and 415 net royalty mineral acres
About Derby Energy, LLC
Derby Energy, LLC is the administrative management company for the following six entities: Derby Exploration, LLC (Operated - Anadarko Basin E&P); Thoroughbred Gathering, LLC (Operated - Anadarko Basin Midstream); Bakken HBT, LP (Non-Operated – Williston Basin); Bakken HBT II, LP (Non-Operated – Williston Basin); SCOOP I, LP (Non-Operated – Anadarko Basin); and Beta Shale, LLC (Non-Operated – Arkoma Basin).
About SCOOP I, LP
SCOOP I, LP, established in 2015, is a privately owned non-operated E&P company with working interests throughout the Anadarko Basin, and is under management of Derby Energy, LLC.
For further information, please visit www.derbyenergy.com
Mike Weatherholt, Vice President of Finance
405.639.3792
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Wednesday, January 12, at 10:00 a.m. CST at the following event:
ATB 10th Annual Institutional Investor Conference
January 11 – 13, 2022
Location: Virtual Conference
The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments – Subsea and Surface Technologies – we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Urges all shareholders to vote in favor of the company’s proposals.
WILLISTON, Vt.--(BUSINESS WIRE)--$isun #cleanenergy--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, today announced that it will continue the Special Meeting of Stockholders originally convened on in December of 2021 this Thursday, January 13th at 2:00 PM EST to vote on two proposals recommended by the board to deliver greater value to shareholders.
HIGHLIGHTS:
“On behalf of the board, we encourage all shareholders to vote in favor of these proposals,” commented Jeff Peck, iSun CEO and Board Chairman. “The board believes it is in the best interests of iSun to amend the certificate of incorporation to give the Company greater flexibility in considering and planning for future corporation needs. The amendments proposed will make it easier and more cost-effective to make future amendments to the certificate of incorporation and will further reduce shareholder meeting costs. Because every shareholder’s vote is important, regardless of the number of shares you own, we encourage everyone to vote.”
To vote, shareholders must have a control number provided by their financial institution. Shareholders who do not have their control number should contact their financial institution. Shareholders who need additional assistance with their vote can receive verbal instructions by phone at 877-870-8565.
Shareholders may vote prior to the January 12th, 11:59 PM EST deadline by:
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Shareholders may also vote during the meeting by:
Webcast URL: www.virtualshareholdermeeting.com/ISUN2021SM
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR Contact:
Tyler Barnes
This email address is being protected from spambots. You need JavaScript enabled to view it.
802-289-8141
The two organizations have partnered to help energy, seaport operations, logistics, and shipping startups scale innovative solutions for ports and maritime technology locally and worldwide.
SAN FRANCISCO--(BUSINESS WIRE)--Global venture capital firm 500 Global and Ashdod Port Company (“Ashdod Port”), a leading port in Israel, have joined forces to launch the inaugural cohort of the Ashdod Port Accelerator by 500 Global.
Ashdod Port and 500 Global will select up to 14 Israeli startups for the accelerator program, which helps startups quickly test and validate partnership opportunities with Ashdod Port through an accelerated proof of concept over the course of five to six months.
For this first cohort, Ashdod Port is selecting startups with solutions in energy, seaport operations, logistics, and shipping. They will benefit from 12 weeks of masterclasses and coaching from 500 Global’s international network of mentors, and receive a full array of support and resources from the Port, including testing space for their products.
“Unlike traditional accelerator programs that focus on scaling and growth education, a startup that is selected for the Ashdod Port Accelerator by 500 Global will have tangible opportunities to dive straight into Proof of Concept and is on a fast-track to pilots, partnerships and integration opportunities with Ashdod Port. We are excited to be able to help startups in the maritime space expand and grow with an innovative partner,” said Ee Ling Lim, Executive Director of Global Programs, 500 Global.
“This past year demonstrated that the world of shipping and marine routes are important to the proper function of the global economy, when an estimated 90% of goods are transported by sea. We are breaking into a “blue ocean" that appears eager to absorb technology, and hope that we can bring the good news to other ports in the world. I congratulate 500 Global on their win and am delighted at this opportunity to work with them, and to help drive innovation in the marine world," said Shiko Zana, CEO of the Ashdod Port Board of Directors.
Applications for the Ashdod Port Accelerator by 500 Global are open from January 10 to February 3, 2022. The program and proof of concept are expected to take place from March to September 2022. Interested startups can get more information and apply via https://ecosystems.500.co/ashdod-port-accelerator
About 500 Global
500 Global is a venture capital firm with $1.8B in assets under management that invests early in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. We work closely with key stakeholders and advise governments and corporations on how best to support entrepreneurial ecosystems so startups can thrive. 500 Global has backed over 6,000 founders representing more than 2,500 companies operating in 77 countries. Our portfolio includes 41 companies valued at over $1 billion and 125 companies valued at over $100 million. Our 140+ plus team members are located in more than 15 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.
About Ashdod Port
Ashdod Port, the Port of Israel, is the leading sea port of the State of Israel with a strategically advantageous location, about 40 km from Tel Aviv and close to the country’s major commercial centers and highways.
This press release is intended solely for general informational or educational purposes only. 500 Global and Ashdod Port are independent third parties. This program will be operated by Ashdod Port with 500 Startups Incubator, L.L.C. and under no circumstances should any content provided as part of any such programs, services or events be construed as investment, legal, tax or accounting advice by either party. While parties have taken reasonable steps to ensure that the information contained in this press release is accurate and up-to-date, no liability can be accepted for any error or omissions. No representations are made as to specific outcomes from relying on the contents of this press release and any third party links. Under no circumstances should any content in this press release be construed as investment advice. No content or information in this press release should be construed as an offer to sell or solicitation of interest to purchase any securities of or advised by any parties herein. This is a non-investment program, and participation in the program does not include or guarantee an investment from 500 Global, Ashdod Port or their respective affiliates. However, participation in the program does not preclude 500 Global, Ashdod Port, or their affiliates from considering future investments in a participating company.
Felicia Chiriac
Redhill
This email address is being protected from spambots. You need JavaScript enabled to view it.
+6596445927
HOUSTON--(BUSINESS WIRE)--#energy--Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of infrastructure assets, and its operations and maintenance (O&M) team earned seven Combined Cycle Journal (CCJ) 2021 Best Practices Awards. Woodbridge Energy Center, a CAMS operated facility, received top honors being named Best of the Best.
In addition to Woodbridge, Crete Energy Venture, Lawrenceburg Generating Station, Lincoln Generating Facility, New Covert Generating Co., Orange Cogeneration and Rolling Hills Generating were recognized for their improvements and practices related to safety and performance.
An industry leader, CAMS has been awarded 75 CCJ best practices awards since 2013.
“We are pleased to see our incredible teams consistently recognized for the value we provide our facilities and respective owners,” said R. Eric Garrett, CAMS Executive Vice President of Operations. “Our best-in-class operations really demonstrate our relentless commitment to reliability and sustainability while proactively reducing costs and increasing efficiencies to deliver results.”
CCJ's annual Best Practices Awards recognize contributions made by plant and office personnel to improve the safety and performance of generating facilities powered by gas turbines. Of the more than 30 plants participating in the 2021 program, only eight were selected by industry experts for Best of the Best honors. CCJ launched the industry-wide Best Practices Awards program in 2004.
Woodbridge is a 725-megawatt (MW), natural gas-fueled, combined-cycle power generation facility located in Woodbridge Township, N.J., that is operated by CAMS and owned by Competitive Power Ventures. The plant features two GE fast-start 7F 5-Series gas turbines and a D-11A steam turbine with associated generators. It was evaluated on the following innovations and best practices:
For the complete CCJ Best Practices announcement, visit page 84 of issue 68 at www.CCJ-online.com.
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
Corporate Communications
Deanna Werner
713.358.9736 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--#AutomatedGuidedVehicle--Spark Connected, (www.sparkconnected.com) a global leader in developing advanced and innovative wireless power technology has been elected to Chair the Light Electric Vehicles (LEV) Specification Group at the Wireless Power Consortium (WPC).
The WPC is a multinational technology consortium with over 400 European, American, and Asian member companies. The members partner and collaborate on creating and promoting the global standardization of wireless charging technology. The Qi wireless charging interface standard has already been widely adopted in the market today. The LEV Group develops the commercial high-power requirements for a future specification for light electric vehicles.
Light Electric Vehicles (LEV) are one of the largest and fastest growing electric vehicle market segments. The global LEV market size was estimated to be USD 344.62 billion in 2021. At a CAGR of 23.87%, the segment is expected to reach USD 1.1 trillion by 2026.
“Spark Connected continues to innovate inside the Wireless Power Consortium, providing deep wireless power domain expertise and insights into the complex discussions and solutions for the hardest problems facing the WPC today,” according to Ken Moore, CEO at Spark Connected. “Right now, Spark is developing solutions for many global customers in the LEV, AGV and AMR space. Along with our peer member companies, this provides us the opportunity to assist in the mission to create a global high power LEV wireless charging standard that enables the development of a faster, safer, smarter, and more convenient way of charging, both at home and on the go.”
The demand for light electric vehicles is propelled by rapid industrialization of emerging markets and stricter government emission regulations. Different governments across the globe have adopted initiatives to replace fuel-based vehicles with electric powered options. Countries such as India, China and those in the European Union provide incentives to boost electric vehicle adoption. In the coming years, LEVs will advance to include sensors that enable some of the automated smart features found in many of today’s automated vehicle platforms.
About Spark Connected:
Spark Connected | powering the world, wirelessly™
Spark Connected is a global leader in wireless power technology. The company has the broadest portfolio of innovative ready-to-use wireless power solutions ranging from 1 Watt to over 2.4 kilowatts.
The company’s patented hardware reference designs, combined with the highly scalable Pantheon™ software platform, allows end-to-end intelligent and adaptive power system control. Spark offers both inductive and resonant technologies. The result is best in class performance, efficiency, safety, thermal management, and EMI.
This proven technology has been successfully integrated into a myriad of customer products in a wide variety of applications, including automotive, industrial, consumer, e-mobility (e-bikes) medical, IoT, security and infrastructure.
Spark Connected is a full member of and has multiple leadership positions with the global Wireless Power Consortium, driving and influencing the global standards and specifications.
For more information visit: www.sparkconnected.com
Please forward Spark Connected inquiries to:
Lexi Moore: This email address is being protected from spambots. You need JavaScript enabled to view it.
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (NYSE: FTI) (PARIS: FTI) (the “Company”) announced today that following a comprehensive review of its strategic objectives, it is proceeding with the voluntary delisting of its shares (ISIN: GB00BDSFG982) from Euronext Paris.
Following the partial spin-off of Technip Energies and the progressive selldown of the Company’s remaining ownership stake, the Company has refocused as a pure-play technology and services provider to the traditional and new energies industries. It now has its principal place of business in Houston. These actions have led the Board of Directors to conclude that a single listing on the New York Stock Exchange (“NYSE”) is more consistent with the Company’s strategic refocus and shareholder base, and allows the Company to better align with its most appropriate peer set. In addition, the Company expects that the savings in costs, administrative requirements, and managerial time required to maintain a dual listing can be redirected to other initiatives that contribute to shareholder value.
The delisting has been approved by the Board of Directors of Euronext Paris SA and the Company’s shares will remain listed on the NYSE under the symbol “FTI”.
The holders of TechnipFMC shares traded on Euronext and held through the facilities of Euroclear France (the “TFMC Euronext Shares”) will have the following options:
For the avoidance of doubt, holders of TFMC Euronext Shares will be able to trade on Euronext Paris until February 17, 2022 (the last trading date prior to the delisting).
Procedure of the Voluntary Sales Facility
Shareholders who wish to sell their TFMC Euronext Shares utilizing the voluntary sales facility should request that their financial intermediaries deliver their TFMC Euronext Shares to Société Générale, acting as centralizing agent, at any time from January 12, 2022 to January 31, 2022 (inclusive).
TFMC Euronext Shares delivered to Société Générale will be sold on the NYSE as from February 8, 2022 at the market price prevailing at the time of sale.
Société Générale will calculate the average sales price of TFMC Euronext Shares sold during the sales period and transfer the sale proceeds (which will be converted into euros from U.S. dollars by Société Générale) to the participating shareholders once it receives the funds.
The Company will pay the fees for the centralization and the brokerage fee related to the sale of TFMC Euronext Shares delivered to Société Générale as part of the voluntary sales facility.
This voluntary sales facility procedure is also described in a Euronext notice to be published on January 11, 2022.
Please note that no guarantee can be given by the Company or by Société Générale as to the price at which the TFMC Euronext Shares tendered pursuant to the voluntary sales facility will actually be sold. This process is being provided solely as an accommodation to holders of TFMC Euronext Shares.
Shareholders may decide not to participate in the voluntary sales facility or may decide not to take any action, in which case no guarantee can be given to them on the terms that will be applied by their financial intermediary after the delisting. Shareholders are urged to consult their own investment advisors before making a decision to participate or not in this process.
The calendar of the voluntary sales facility and the delisting of the Company described above is summarized as follows (it being specified that the Company reserves the right to amend this calendar):
Event |
Date |
|
Voluntary Sales Facility |
|
|
Beginning of the voluntary sales facility |
January 12, 2022 |
|
End of the voluntary sales facility |
January 31, 2022 |
|
End of the centralization by Société Générale |
February 3, 2022 (before 4:00 PM Paris time) |
|
Sale on the NYSE of the shares tendered in the voluntary sales facility |
Beginning February 8, 2022 |
|
Settlement of the proceeds of the sale to the relevant financial institutions |
As soon as possible after receipt of the proceeds of the sale |
|
Delisting |
|
|
Last day of trading of the Company’s shares on Euronext Paris |
February 17, 2022 |
|
Delisting of TFMC Euronext Shares on Euronext Paris |
February 18, 2022 |
|
Removal of TFMC Euronext Shares from the operations of Euroclear France |
March 11, 2022 |
Shareholders participating in the voluntary sales facility are reminded that they acknowledge and accept the risks related to the change in the share market price and/or applicable foreign exchange rates between the date on which their shares are delivered to Société Générale for participation in the voluntary sales facility and the receipt of the applicable average sale proceeds. All tenders of TFMC Euronext Shares under the voluntary sales facility will be irrevocable.
Shareholders who would like additional information about the voluntary sales facility or the delisting procedure may contact the Company toll free in the United States at 1-800-662-5200 (attending in English), toll free in France at 0805 321 060 (attending in French and English), and caller paid in France at +33187652557 (attending in French and English) or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Shareholders are also invited to contact their financial intermediaries for further information regarding the procedures for participating in the voluntary sales facility.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
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Media relations
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DUBLIN--(BUSINESS WIRE)--The "Emerging Biofuels Market in India and Outlook Till 2025" report has been added to ResearchAndMarkets.com's offering.
To encourage production of Biodiesel in the country, GoI has mandated the OMCs to purchase Biodiesel (B 100), meeting the fuel quality standard prescribed by BIS for blending with HSD to the extent of 5% at identified purchase centres across the country.
During a period from 2016-19 a growth of over 500% has been seen in the procurement of biodiesel by OMCs for blending, which has increased from 1.19 Crore Litres in 2016 to 8.21 Crore Litres in 2019. Further, it is also noticeable that the current consumption of High-Speed Diesel (HSD) in the country is 84 MMT or 102 MKL, and it is projected to increase to 132.3 MKL by 2022. At 5% blending level, 660 crore litres of biodiesel would be needed. About 225 crore litres of waste-edible oil-based feedstock (188 crore litres UCO and 36 crore litres acid oil / fatty acids) could be available for biodiesel processors.
Used cooking oil can potentially replace or supplement palm stearin as feedstock in 3 years and in 5 years' time the biodiesel manufactured can be equivalent to ethanol produced. With the incentives that government is offering to the FBOs for generating and supplying UCOs many of them are working on forefront to increase the distribution volumes of the same.
Hardcastle Restaurants (HRPL), the master franchisee of McDonald's in west and south India is one such FBO. The company has started to run its delivery trucks in Mumbai with biodiesel made from its own used cooking oil. The company plans to link all its 270 outlets to produce around 7 lakh tonnes of biodiesel in the next couple of years.
Further, it is significant to note that the company is looking at expanding its restaurant footprint to 450- 500 and will generate around 15 lakh litres of used oil to make biodiesel to run its refrigerated delivery trucks by 2023.
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/h4ovhl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) announced today the promotions of Billy E. Goodwin to President - Operations and Van H. Singleton, II to President – Land, A&D and Planning, both effective March 31, 2022. Both Messrs. Goodwin and Singleton have over ten years of experience leading departments at Matador and have served on Matador’s Executive Committee since 2017. After 17 years with Matador, Matthew V. Hairford is retiring as President as of March 31, 2022, when he will be 61 years old, and is transitioning to a new role as a Special Advisor to Matador’s Board of Directors and Executive Committee. In addition, David E. Lancaster, 65, whose service to the Company dates back to 2003, has announced his plan to retire as Executive Vice President and Chief Financial Officer at the same time and is also transitioning to new duties as a Special Advisor to Matador’s Board of Directors and Executive Committee.
Joseph Wm. Foran, Matador’s Founder, Chairman and Chief Executive Officer, also congratulated Messrs. Goodwin and Singleton, saying, “Billy and Van have been key participants in all major Company decisions for the past ten years and are ready for their new responsibilities. Billy will be in charge of all the Company’s operations, including its drilling, completion, production and San Mateo activities, while Van will continue to lead the Company’s efforts with respect to land, A&D activities and planning. Billy, Gregg Krug and Matt have all worked closely together before and since their college days 40 years ago and have made a formidable team for helping to grow Matador’s and San Mateo’s value.”
In assuming the roles of Special Advisors, Mr. Hairford and Mr. Lancaster are expected to work on various special projects and Board matters of significance to Matador through December 31, 2023. Mr. Foran said, “Both Matt and David have played pivotal roles at Matador since inception and will continue to do so focusing on the most value-added and critical activities to Matador. For example, Matt will continue to use his experience and expertise to oversee the critical areas of Matador’s drilling, completion, production and midstream operations as well as watching over activities related to San Mateo. Similarly, David has been a key leader of our engineering and financial teams since 2003, and he will continue to provide leadership and oversight to the finance, accounting and investor relations teams as well as oversight of our planning, drilling and acquisition efforts. We are excited about continuing to benefit from these long-time relationships with Matt and David and to keep working directly with both of them in their new roles. We know Matador would not be where it is today without the leadership and participation of Matt and David in every phase of our business. We wanted to find ways to keep trusted friends and colleagues like Matt and David involved and are pleased they wanted to stay involved, too.”
Mr. Hairford echoed these sentiments by noting that he is “very excited to work even more closely with the Board of Directors and the talented and capable staff at Matador and San Mateo on important projects and to continue to drive efficiency gains to further improve operations and to find new opportunities to develop people and projects.”
Upon Mr. Lancaster’s assumption of his Special Advisor role, his former responsibilities as CFO and leader of the planning process of Matador will be assumed by a diverse and highly experienced team currently supporting Mr. Lancaster’s activities. Mr. Lancaster expressed his view this way, “The team may have different backgrounds and specialties, but they work very well together and have taken our financial decision-making to a much more sophisticated level.” The team will include Christopher P. Calvert, Senior Vice President of Operations, W. Thomas Elsener, Senior Vice President of Reservoir Engineering and Senior Asset Manager, Robert T. Macalik, Senior Vice President and Chief Accounting Officer, Glenn W. Stetson, Senior Vice President of Production, and Michael D. Frenzel, Senior Vice President and Treasurer, who will also serve as principal financial officer of the Company. All five of these officers have already served in key leadership roles with the Company and have been actively involved in Matador’s finance, banking, planning, operations, accounting and investor relations activities, in Matador’s drilling and acquisition programs and in San Mateo’s business activities.
After this transition, the roles of Matador’s five main executive officers are set forth below. Such officers already serve on the Company’s Executive Committee in various capacities.
Name |
Office |
Joseph Wm. Foran |
Founder, Chairman of the Board and Chief Executive Officer |
Billy E. Goodwin |
President – Operations |
Van H. Singleton, II |
President – Land, Acquisitions and Divestitures and Planning |
Craig N. Adams |
Executive Vice President, Co-Chief Operating Officer, Chief of Staff and Corporate Secretary |
G. Gregg Krug |
Executive Vice President – Marketing and Midstream Strategy |
Mr. Goodwin, age 64, joined the Company in July 2010 as its Drilling Manager. In September 2013 he was named Vice President of Drilling. In February 2016, he was promoted to Senior Vice President—Operations and to Executive Vice President and Head of Operations in August 2017. He assumed the role of Executive Vice President and Chief Operating Officer—Drilling, Completions & Production in April 2019. Mr. Goodwin has been instrumental in streamlining and improving Matador’s operations across the board, which has led to significant improvements in capital and operating efficiency over the past few years. He has been responsible for guiding the Company’s successful transition to drilling longer horizontal laterals and was also the principal architect of MAXCOM, Matador’s 24/7 drilling operations center, which has resulted in almost 200 internal drilling records and millions of dollars saved in capital expenditures over the past few years. Mr. Goodwin was previously with Samson Resources, a company he joined in 2001 to supervise the drilling of underbalanced multilateral horizontal wells. In his roles as Senior Drilling Engineer and Area Drilling Manager for Samson, Mr. Goodwin engineered and managed operations in the Permian Basin, South Texas, East Texas, Mid-Continent and Gulf Coast areas. Mr. Goodwin worked with Conoco, Inc. before joining Samson. He began his career in 1985 in Conoco’s production department before joining the drilling department in 1989. Mr. Goodwin has diverse horizontal operational experience both onshore and offshore, and both domestically and internationally, including in the Middle East, Southeast Asia and South America. Throughout his career, Mr. Goodwin has developed underbalanced drilling, managed pressure drilling and drill-in casing techniques for normal and geo-pressured environments. Mr. Goodwin received a Bachelor of Science degree in Petroleum Engineering Technology from Oklahoma State University in 1984. He is a member of the Society of Petroleum Engineers and the American Association of Drilling Engineers. From 1975 to 1980, Mr. Goodwin served in the United States Marine Corps.
Mr. Singleton, age 44, joined the Company in August 2007 as a Landman and was promoted to Senior Staff Landman in 2009 and then to General Land Manager in 2011. In September 2013, Mr. Singleton became Vice President of Land, and he was promoted to Executive Vice President of Land in February 2015. Mr. Singleton has played a pivotal role at Matador in developing and executing the “brick by brick” strategy used by the Company to build its acreage positions in both the Eagle Ford shale in South Texas and in the Delaware Basin in West Texas and New Mexico. Both the Delaware Basin and the Eagle Ford acreage positions have contributed significantly to the Company’s success in recent years, particularly since the Company became a publicly traded company ten years ago. Prior to joining Matador, Mr. Singleton founded and was President of VanBrannon and Associates, LLC and Southern Escrow and Title of Mississippi, LLC from 1998 to 2003, which provided full-spectrum land title work and title insurance in Mississippi, Louisiana, Texas and Arkansas. From 2003 until joining Matador in 2007, he served as general manager of his family’s real estate brokerage in Houston, Texas. Mr. Singleton received a Bachelor of Arts degree from the University of Mississippi in 2000. He is an active member of the American Association of Professional Landmen, the New Mexico Landman Association, the Permian Basin Landman Association and the Dallas Association of Petroleum Landmen. Since 2020, Mr. Singleton has served on the board of directors of San Mateo.
Mr. Adams, age 55, joined Matador Resources Company in September 2012 as its Vice President and General Counsel. In July 2013, Mr. Adams was promoted to Executive Vice President— Land and Legal and in June 2015, he became Executive Vice President—Land, Legal & Administration. Then, in April 2019, Mr. Adams assumed the role of Executive Vice President and Chief Operating Officer— Land, Legal & Administration. Mr. Adams has been a key member of Matador’s executive team since joining the Company and has been an important contributor to the Company’s land, acquisitions, finance and banking strategies over the past ten years, as well as supervising much of the day-to-day legal and administrative operations of the Company. Before joining Matador Resources Company, Mr. Adams was a partner with Baker Botts L.L.P. from March 2001 to September 2012 where he focused his practice on securities, mergers and acquisitions and corporate governance matters. He was a partner with Thompson & Knight L.L.P. from January 1999 to February 2001 and an associate from September 1992 to December 1998. Mr. Adams received a Bachelor of Business Administration degree in Finance from Southern Methodist University in 1988 and his law degree in 1992 from Texas Tech University School of Law, where he graduated magna cum laude and was a member of the Order of the Coif and a Comment Editor on the Texas Tech Law Review. In 2018, he was named D CEO Magazine’s Outstanding General Counsel—Midsize Legal Department.
Mr. Krug, age 61, served as Marketing Manager for Matador Resources Company from 2005 to 2006 and re-joined Matador Resources Company in April 2012 as its Marketing Manager. In September 2013 he was named Vice President of Marketing for the Company and Vice President of Longwood Gathering & Disposal Systems, LP. He was promoted to Senior Vice President—Marketing and Midstream in February 2016. He was promoted to Executive Vice President—Marketing and Midstream Strategy in April 2019. Mr. Krug has overall responsibility for Matador’s marketing activities of its oil and natural gas and has been instrumental in improving the Company’s takeaway options and oil, natural gas and natural gas liquids price realizations over the years. Mr. Krug was also one of the principal architects of San Mateo, Matador’s midstream joint venture in West Texas and New Mexico, which has grown significantly over the past five years into a significant strategic and financial asset for Matador. Previously, Mr. Krug was with Unit Petroleum Company, an exploration and production company based in Tulsa, Oklahoma, as Marketing Manager, having joined in 2006. He and his staff were responsible for marketing, gas measurement, contract administration and production reporting in their core areas of Oklahoma, the Texas Panhandle, East Texas and Northwestern Louisiana. From 2000 to 2005, Mr. Krug served as Gas Scheduling Supervisor with Samson Resources in Tulsa, Oklahoma where he and his staff were responsible for scheduling natural gas sales as well as procurement of natural gas supply on Samson-owned gathering systems. From 1983 to 2000, Mr. Krug served with The Williams Companies in various capacities including in the Kansas Hugoton Field in Ulysses, Kansas and Tulsa, Oklahoma for Williams Natural Gas Pipeline and on the trading floor in Tulsa, Oklahoma for Williams Energy Services Company. Mr. Krug received a Bachelor of Business Administration degree from Oklahoma City University in 1996. Mr. Krug has served on the board of directors of San Mateo since its inception.
Mr. Calvert, age 43, is being promoted to Co-Chief Operating Officer concurrent with Messrs. Goodwin’s and Singleton’s promotions. He joined Matador Resources Company in October 2014 as a Senior Completions Engineer. In July 2018 he was named Vice President of Completions for the Company, and he was promoted to Senior Vice President—Operations in October 2019. Mr. Calvert has been most recently responsible for completions operations company-wide and has led Matador’s efforts to increase well productivity while reducing completion costs through improved operating efficiency and technology applications. Mr. Calvert has led the Company’s implementation of fit-for-purpose snubbing units, which has greatly increased the reliability of plug drillout operations as Matador has transitioned to longer laterals. He was also the principal driver behind the Company’s adoption of several leading-edge horizontal well fracturing techniques in recent years, including most recently, the implementation of SimulFrac operations on a number of Matador’s recently completed horizontal wells in the Delaware Basin. Prior to joining Matador, Mr. Calvert worked as a Staff Reservoir Engineer in Chesapeake Energy Corporation’s South Texas—Eagle Ford group focusing on A&D evaluations and production and completions optimization. At Chesapeake, Mr. Calvert also held roles as a Senior Asset Manager responsible for completions and operations in the Niobrara Shale, a Senior Completions Engineer responsible for Bakken/Three Forks development and a Senior Operations Engineer focused on production and facility optimization on the Texas Gulf Coast. Prior to Chesapeake, Mr. Calvert worked as an Operations Engineer for Williams Production Company, now Devon Energy. Mr. Calvert received Bachelor of Science degrees in Finance and Petroleum Engineering from the University of Wyoming in 2002 and 2008, respectively. Mr. Calvert will lead our overall investor relations effort as well as other financial duties related to petroleum engineering and operations. He is a member of the Society of Petroleum Engineers.
Mr. Elsener, age 37, joined the Company in April 2013 as a Petroleum Engineer. In June 2017, he was promoted to Vice President—Engineering and Asset Manager, and he was promoted to Senior Vice President—Reservoir Engineering and Senior Asset Manager in October 2019. Mr. Elsener has served in several capacities since joining Matador, including Senior Planner for Matador’s drilling programs and acquisitions, Asset Manager for Rustler Breaks, Antelope Ridge and Stateline, Team Leader for South Texas and Team Leader for East Texas and Northwest Louisiana. Currently, Mr. Elsener supervises all Delaware Basin asset development for Matador, including playing a significant role in the design and implementation of the Company’s drilling schedule each year. In the last three years, he has led the Company’s successful exploration and development efforts of its Stateline and Rodney Robinson asset areas, which have contributed significantly to the Company’s growth and improved capital efficiency. Prior to joining Matador, Mr. Elsener served in various engineering roles at Encana Oil & Gas (USA) in Dallas, Texas from 2007 to 2013, including reservoir, completions, drilling, business development and new ventures. While at Encana, Mr. Elsener was involved with the exploration and development of assets in the Barnett shale, Deep Bossier, Haynesville shale and other new domestic ventures. Mr. Elsener received a Bachelor of Science degree in Petroleum Engineering from Texas A&M University in 2007. He is a member of the Society of Petroleum Engineers.
Mr. Frenzel, age 40, first worked for Matador’s predecessor company, Matador Petroleum Corporation, as an intern in the summers of 2000, 2001 and 2002. From 2006 to 2010, Mr. Frenzel worked as a Senior Financial Analyst at Matador before leaving to obtain his Master of Business Administration from Duke University’s Fuqua School of Business in 2010. Mr. Frenzel rejoined Matador in 2013 as its Senior Strategy and Financial Analyst and Assistant Treasurer and was promoted to Finance Director and Assistant Treasurer in January 2017. In August 2018, Mr. Frenzel was promoted to Vice President and Treasurer. Mr. Frenzel was promoted to Senior Vice President and Treasurer in October 2020, and his responsibilities include treasury, banking, financial planning, forecasting, budgeting, capital markets, hedging, financial reporting and investor relations. Mr. Frenzel has played a key role in forecasting and modeling the Company’s performance and providing market guidance in recent years and has been the leader of the Company’s commodity hedging activities. In addition, he has been the primary banking and financial officer for San Mateo. Before rejoining Matador in 2013, Mr. Frenzel worked as an Investment Associate for Hamm Capital, LLC and as a Financial Analyst and Assistant to the CEO at Continental Resources. In addition to his energy industry experience, Mr. Frenzel also has consulting experience with Deloitte Consulting LLP. Mr. Frenzel graduated summa cum laude from Vanderbilt University in 2004, receiving a Bachelor of Arts degree in Economics and Mathematics. In 2012, he graduated with honors and received the distinction of being designated as a Fuqua Scholar while attaining his MBA from Duke University’s Fuqua School of Business.
Mr. Macalik, age 43, joined Matador Resources Company in July 2015 as Vice President and Chief Accounting Officer. He was promoted to Senior Vice President and Chief Accounting Officer in November 2017. He has had more than 10 years of experience in public accounting as a senior manager with PWC including significant experience in the upstream oil and natural gas industry. Since joining Matador, Mr. Macalik has overseen significant improvements and growth in the Company’s accounting staff and capabilities, as well as improvements in its financial reporting processes. He has implemented improvements to the Company’s enterprise technologies and internal controls and was also the principal architect of San Mateo’s accounting systems and procedures. From 2012 to 2015, Mr. Macalik worked at Pioneer Natural Resources Company as Corporate Controller and, previously, as Director of Technical Accounting and Financial Reporting. At Pioneer, Mr. Macalik supervised corporate accounting and financial reporting functions. Mr. Macalik received a Bachelor of Arts degree in History, a Bachelor of Business Administration degree and a Master of Professional Accounting degree all from The University of Texas at Austin in 2002. He is a licensed Certified Public Accountant in the State of Texas.
Mr. Stetson, age 37, joined Matador Resources Company in August 2014 as a Production Engineer, and in July 2015, he was promoted to Asset Manager. Mr. Stetson was promoted to the role of Vice President and Asset Manager in July 2018 before being promoted to his current role as Senior Vice President of Production and Asset Manager in October 2019. Since assuming his role as Vice President of Production, Mr. Stetson has implemented significant improvements to the Company’s production operations in both the field and in the office, resulting in consistent reductions in the Company’s lease operating expenses during 2020 and 2021. He has also played the lead role in reducing natural gas flaring and emissions throughout the Company’s operations and in ensuring that significant quantities of the Company’s oil, water and natural gas production are transported by pipeline. Prior to joining Matador, Mr. Stetson worked at Chesapeake Energy Corporation from 2008 to 2014, holding multiple positions in both the production and completions departments. Most of his time at Chesapeake was spent in the Barnett shale in North Texas, although he also spent some time working in northern Pennsylvania managing the northeast portion of Chesapeake’s Marcellus shale operated production. Mr. Stetson graduated cum laude from Oklahoma State University in 2007, receiving a Bachelor of Science degree in Mechanical Engineering Technology. Mr. Stetson is a Licensed Professional Engineer in the State of Oklahoma. He is also an active member of the Society of Petroleum Engineers and the American Society of Mechanical Engineers.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, increases in its borrowing base and otherwise; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and its business; the operating results of the Company’s midstream joint venture’s Black River cryogenic natural gas processing plant; the timing and operating results of the buildout by the Company’s midstream joint venture of oil, natural gas and water gathering and transportation systems and the drilling of any additional produced water disposal wells; and other important factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements.
Mac Schmitz
Capital Markets Coordinator
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(972) 371-5225
DUBLIN--(BUSINESS WIRE)--The "North America Industrial Insulation Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The North America industrial insulation market size is expected to reach USD 2.37 billion by 2028, registering a CAGR of 3.6%.
Expansion of the industrial sector coupled with stringent regulations associated with industrial safety and gas emissions is anticipated to have a positive impact on the market growth. Insulation system provides long-term as well as immediate benefits to the industry, including protection of equipment, personnel, and system.
The market is highly influenced by the demand from the oil & gas, manufacturing, metal & mining, power, and other end-use industries. The market growth was adversely impacted by the economic crisis caused by the COVID-19 pandemic. The pandemic restricted most of the industrial operations, which had a major impact on the demand from the end-use industries.
Despite the relaxation in restrictions, the construction and manufacturing sectors have not resumed completely, which affects market growth. The market is highly competitive owing to the presence of a large number of major players in the region. Companies, such as Knauf Gips KG, Rockwool Technical Insulation, and Paroc Group, develop a strong business model to adapt to the market volatility and any technological & geographical change.
North America Industrial Insulation Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Segmentation & Scope
3.2. Industry Value Chain Analysis
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Business Environmental Tools Analysis: North America Industrial Insulation Market
3.4.1. Porter's Five Forces Analysis
3.4.2. PESTLE Analysis
3.5. North America Industrial Insulation: Material Comparative Analysis
Chapter 4. North America Industrial Insulation Market: Material Estimates & Trend Analysis
4.1. North America Industrial Insulation Market: Product Movement Analysis, 2020 & 2028
4.2. Stone Wool
4.3. Glass Wool
4.4. CMS Fibers
4.5. Calcium Silicate
4.6. Cellular Glass
4.7. Foamed Plastic
4.8. Elastomeric Foam
4.9. Perlite
4.10. Aerogel
4.11. Cellulose
4.12. Micro Silica
Chapter 5. North America Industrial Insulation Market: Product Estimates & Trend Analysis
5.1. North America Industrial Insulation Market: Product Movement Analysis, 2020 & 2028
5.2. Pipe
5.3. Board
5.4. Blanket
Chapter 6. North America Industrial Insulation Market: Application Estimates & Trend Analysis
6.1. North America Industrial Insulation Market: Application Movement Analysis, 2020 & 2028
6.2. Power Generation
6.3. Petrochemical & Refineries
6.4. EIP Industries
6.5. LNG/LPG Transportation & Storage
Chapter 7. North America Industrial Insulation Market: Regional Estimates & Trend Analysis
7.1. North America Industrial Insulation Market: Regional movement analysis, 2020 & 2028
7.2. U.S.
7.3. Canada
7.4. Mexico
Chapter 8. Competitive Landscape
8.1. Competitive Heat Map Analysis
8.2. Vendor Landscape
8.3. Company Market Positioning
8.4. Strategic Framework
Chapter 9. Company Profiles
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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC plc (the “Company”) (NYSE:FTI) (PARIS:FTI) announced today the sale of 9 million Technip Energies N.V. shares (the “Shares”) through private sale transactions (the “Sale”). The sale price of the Shares in the Sale is set at €13.15 per Share, yielding total gross proceeds of €118.4 million.
Upon completion of the Sale, representing approximately 5% of Technip Energies’ issued and outstanding share capital (the “Share Capital”), TechnipFMC retains a direct stake of approximately 7% of Technip Energies’ Share Capital.
The Sale was conducted without a public offering in any country and included the following parties:
Settlement for the Sale is expected to take place on or around January 14, 2022.
TechnipFMC is subject to a 30-day lock-up for its remaining shares in Technip Energies that expires on February 9, 2022.
Important Notices
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Important Information
This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe,” “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
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James Davis
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Media relations
Nicola Cameron
Vice President, Corporate Communications
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Catie Tuley
Director, Public Relations
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LAS VEGAS--(BUSINESS WIRE)--$AGH #AlisalGuestRanch--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (the “Company”), announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has completed phase one of a multi-phase electric vehicle (“EV”) charger installation project at The Alisal Guest Ranch and Resort (“The Alisal”), in Solvang, California. The first phase of the electrification project consisted of installing TurnOnGreen’s commercial network level 2 chargers, the EVP700G, in the guest parking lot. Drivers can locate the chargers using the TurnOnGreen mobile application and initiate a charging session with the app, QR code, or RFID card. The TurnOnGreen mobile application is available for download on the App Store for iPhone users and Google Play for Android users.
The Alisal has consistently ranked as one of the top resorts in the country. The property features 73 rooms, two private championship golf courses, a variety of equestrian activities, six tennis courts, a private lake, and miles of bike trails. Conveniently located between San Francisco and Los Angeles, The Alisal offers a five-star resort experience with an expanding charging infrastructure ideal for EV drivers seeking destination vacations. It is recommended that visitors planning to drive their EV to The Alisal download the TurnOnGreen application before visiting the property.
“We are pleased to complete phase one of this project in such a short period of time, as the demand for EV charging at The Alisal is at an all-time high,” said Marcus Charuvastra, Chief Revenue Officer for TurnOnGreen. “When resorts like The Alisal improve their EV charging infrastructure, we believe they become much more accessible and appealing to the growing number of EV drivers.”
“By executive order, at least 50% of all new passenger cars and light trucks sold in 2030 must be zero-emission vehicles, and we believe EV charging will continue to be a fast-growing segment of private and public infrastructure to satisfy the increasing demand,” said Amos Kohn, Chief Executive Officer for TurnOnGreen. “Our products, services, and staff are well-positioned for rapid and affordable deployment throughout North America and abroad to meet the demands of the EV market.”
According to the United States Department of Energy Alternative Fuels Data Center, there are 46,000 public charging stations in the U.S. and 1.8 million EVs on the road. The Edison Electric Institute estimates that there will be 22 million EVs on U.S. roads by 2030 and will make up more than 27% of annual U.S. light-duty vehicle sales.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile Holdings’ headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
BitNile Holdings Investor Contact:
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PERTH, Australia--(BUSINESS WIRE)--Rio Tinto has agreed to purchase four battery-electric trains for use in the Pilbara region of Western Australia as part of the company’s strategy to reduce its carbon emissions by 50 per cent by 2030.
Rio Tinto purchased the four 7MWh FLXdrive battery-electric locomotives from Wabtec Corporation with production due to commence in the United States in 2023 ahead of initial trials in the Pilbara in early 2024.
The locomotives, used to carry ore from the company’s mines to its ports, will be recharged at purpose-built charging stations at the port or mine. They will also be capable of generating additional energy while in transit through a regenerative braking system which takes energy from the train and uses it to recharge the onboard batteries.
A full transition to net zero emissions technology of its entire fleet of rail locomotives would reduce Rio Tinto Iron Ore’s diesel-related carbon emissions in the Pilbara by around 30 per cent annually.
Rio Tinto Managing Director of Port, Rail and Core Services Richard Cohen said delivery of the prototype locomotives will be an important early step for the company on the path toward a decarbonised Pilbara.
“Our partnership with Wabtec is an investment in innovation and an acknowledgement of the need to increase the pace of our decarbonisation efforts.
“Battery-electric locomotives offer significant potential for emissions reduction in the near term as we seek to reduce our Scope 1 & 2 carbon emissions in the Pilbara by 50 per cent by 2030.”
Rogerio Mendonca, President of Freight Equipment for Wabtec, said the FLXdrive is ideally suited to support Rio Tinto’s decarbonisation targets.
“This locomotive provides the power, fuel savings and emissions reductions to cost-effectively run rail networks in the mining industry. The rapid adoption of the FLXdrive by Rio Tinto and other mining operators demonstrates the industry’s commitment to decarbonising their operations.”
Once delivered, the locomotives will be trialled within controlled environments in the Pilbara and tested against a range of safety and functional criteria, including integration with AutoHaul™.
This flagship project reaffirms Rio Tinto’s commitment to significantly reducing carbon emissions by switching to renewable power and rolling out electric mobile fleets across the Pilbara.
Please direct all enquiries to
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Media Relations, Australia
Jonathan Rose
M +61 447 028 913
Matt Chambers
M +61 433 525 739
Jesse Riseborough
M +61 436 653 412
Jamie Macdonald
M +61 467 725 517
Kate Barcham
M +61 438 990 238
Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885
Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
Category: Pilbara
PORTLAND, Ore. & DALLAS--(BUSINESS WIRE)--NuScale Power, LLC (“NuScale” or the “Company”), the industry-leading provider of proprietary and innovative advanced nuclear small modular reactor (“SMR”) technology, and Spring Valley Acquisition Corp. (Nasdaq: SV) (“Spring Valley”), a publicly-traded special purpose acquisition company, announced today that Spring Valley has filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”), which includes a preliminary proxy statement/prospectus of Spring Valley in connection with the proposed business combination (the “Business Combination”) with NuScale. The Registration Statement contains information about the proposed Business Combination, including an overview of NuScale’s business, terms of the transaction, pro-forma financial information and risk factors.
Closing this transaction will result in NuScale Power Corporation being the first publicly traded company focused on design and deployment of SMR technology. The transaction is expected to close in the first half of 2022 and is subject to approval by Spring Valley’s shareholders as well as other customary closing conditions.
About NuScale Power
NuScale Power is poised to meet the diverse energy needs of customers across the world. It 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. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 MWe of electricity and can be scaled to meet customer needs. The VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers the four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) and other configurations based on customer needs. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 70-year history in commercial nuclear power.
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.
About Spring Valley Acquisition Corp.
Spring Valley Acquisition Corp. (NASDAQ: SV) is a special purpose acquisition company formed for the purpose of entering into a merger or similar business combination with one or more businesses or entities focusing on sustainability, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services. Spring Valley’s sponsor is supported by Pearl Energy Investment Management, LLC, a Dallas, Texas based investment firm that focuses on partnering with best-in-class management teams to invest in the North American energy industry.
No Offer or Solicitation
This release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and NuScale or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.
Forward-Looking Statements
This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Such forward-looking statements include, but are not limited to, information concerning the timing and anticipated results of the proposed Business Combination. Actual results may differ materially as a result of a number of factors, including those factors discussed in Spring Valley’s final prospectus dated November 25, 2020 and in the Registration Statement under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. While Spring Valley and NuScale may elect to update these forward-looking statements at some point in the future, Spring Valley and NuScale specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Spring Valley’s and NuScale’s assessments of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information and Where to Find It
The proposed Business Combination will be submitted to shareholders of Spring Valley for their approval. The Registration Statement that Spring Valley has filed with the SEC includes a proxy statement/prospectus, which will be distributed to Spring Valley’s shareholders in connection with Spring Valley’s solicitation of proxies for the vote on the proposed Business Combination. After the Registration Statement has been declared effective, Spring Valley will mail the proxy statement/prospectus to Spring Valley shareholders as of the record date established for voting on the proposed Business Combination and other matters to be presented at the special meeting of Spring Valley shareholders. Spring Valley’s shareholders and other interested persons are advised to read the preliminary proxy statement/prospectus and any amendments thereto because these documents contain important information about Spring Valley, NuScale and the proposed Business Combination. Shareholders may also obtain a copy of the proxy statement/prospectus, as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by Spring Valley, without charge, at the SEC’s website located at www.sec.gov. A link to the Registration Statement, as well as other information related to the transaction, can be found on the “Investors” section of NuScale’s website at www.nuscalepower.com/about-us/investors.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Spring Valley Acquisition Corp.:
www.sv-ac.com
Robert Kaplan
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Investor inquiries:
Gary Dvorchak, The Blueshirt Group for NuScale
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Media inquiries:
Diane Hughes, NuScale
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