Business Wire News

 

ATLANTA--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is creating an entirely new industry within the sharing economy - and rapidly forging a path to entrepreneurship for thousands of boat owners in the process.



Boatsetter is the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2017. This opened up a new world of possibilities for boat owners who, on average, use their boats only two weeks of the year.

“There are more than 15 million privately owned boats in the U.S., most of which sit unused for the vast majority of the year,” says Jackie Baumgarten, CEO of Boatsetter. “This makes them extremely expensive and underutilized assets. Boatsetter is a game changer because we help defray the cost of ownership, and we enable entrepreneurs to start their own business from the ground up.”

Boatsetter provides private boat owners with a way to safely and legitimately list their boats, and its intuitive platform makes it simple to manage one’s bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains, and manages all of the logistics to allow private boat owners to earn income. To date, more than one million boaters and boat owners alike have used the platform, and last year, Boatsetter saw a 50 percent increase in the number of boats listed for rent.

"We bought a boat, and we decided we weren't using it as much as we thought we would, so we might as well rent it out," said Ross Miller, who joined Boatsetter with his wife last summer, completing almost 80 rentals of their pontoon boat on Lake Lanier. "With Boatsetter, it's really been easy and risk free for us. They do the advertising, they do the reservations, they handle the background checks, they do the insurance, everything."

Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.

Owners of all ages, with all sizes and styles of boats, can build a successful business on the water. Some Boatsetter owners reported generating more than $100,000 in revenue in 2021 alone, and Boatsetter Operators - peer-to-peer owners with one or more boats listed - make up 70 percent of the Boatsetter platform. Millennials make up the largest segment of Boatsetter owners at 42 percent, while 75 percent of the boats that are rented are less than 26 feet in length.

"I've always had a very strong love for boating and the boating world," said Kayvon Nazarian, a 21-year-old Atlanta owner who joined Boatsetter last July and currently has seven boats and jet skis available for rent. "Boatsetter is so simple and easy to use; you can literally go out today and buy and boat, list it on their platform with a couple of clicks, and get bookings for that evening."

Boatsetter has more than 50,000 boat listings of all styles and sizes, from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Boatsetter is available in over 700 locations and counting.

About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on- water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.


Contacts

Mollie Leal
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916-612-7462

PARIS--(BUSINESS WIRE)--In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) declares the following purchases of its own shares during the week of July 11 to July 15, 2022.

These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.

Name of the Issuer

Identify Code of the Issuer (LEI Code)

Day of the transaction

Identity Code of the Security

Total Daily Volume (in number of shares)

Daily weighted average purchase prices of the shares (in €)

Market Identity Code

Technip Energies

724500FLODI49NSCIP70

2022-07-11

NL0014559478

35000

12,079318

XPAR

Technip Energies

724500FLODI49NSCIP70

2022-07-12

NL0014559478

40000

10,972506

XPAR

Technip Energies

724500FLODI49NSCIP70

2022-07-13

NL0014559478

40000

11,079316

XPAR

Technip Energies

724500FLODI49NSCIP70

2022-07-14

NL0014559478

40000

10,767594

XPAR

Technip Energies

724500FLODI49NSCIP70

2022-07-15

NL0014559478

45000

10,185128

XPAR

 

 

 

TOTAL

200000

10,969418

 

For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.

For further information: https://www.technipenergies.com.


Contacts

Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
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Media Relations
Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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CHARLESTON, S.C.--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is creating an entirely new industry within the sharing economy - and rapidly forging a path to entrepreneurship for thousands of boat owners in the process. In Charleston, where fishing is a popular pastime, boat rentals are up 80 percent year over year.



Boatsetter is the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2017. This opened up a new world of possibilities for boat owners who, on average, use their boats only two weeks of the year.

“There are more than 15 million privately owned boats in the U.S., most of which sit unused for the vast majority of the year,” says Jackie Baumgarten, CEO of Boatsetter. “This makes them extremely expensive and underutilized assets. Boatsetter is a game changer because we help defray the cost of ownership, and we enable entrepreneurs to start their own business from the ground up.”

Boatsetter provides private boat owners with a way to safely and legitimately list their boats, and its intuitive platform makes it simple to manage one’s bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains, and manages all of the logistics to allow private boat owners to earn income. To date, more than one million boaters and boat owners alike have used the platform, and last year, Boatsetter saw a 50 percent increase in the number of boats listed for rent.

Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.

Owners of all ages, with all sizes and styles of boats, can build a successful business on the water. Some Boatsetter owners reported generating more than $100,000 in revenue in 2021 alone, and Boatsetter Operators - peer-to-peer owners with one or more boats listed - make up 70 percent of the Boatsetter platform. Millennials make up the largest segment of Boatsetter owners at 42 percent, while 75 percent of the boats that are rented are less than 26 feet in length.

"As a U.S. Coast Guard captain, I've found Boatsetter's app and website very easy to use—from booking our charters to attracting new clients. It's really helped us fill some gaps in our bookings," said Capt. Johnston McCurry, a local Charleston owner and fishing charter operator who joined Boatsetter in early 2021. "Boatsetter has allowed us to add more boats [to our fleet], because we know we can count on their team to get us more bookings and more charters."

Boatsetter has more than 50,000 boat listings of all styles and sizes, from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Boatsetter is available in over 700 locations and counting.

About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on- water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.


Contacts

Mollie Leal
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916-612-7462

Wilkinson, previously the company’s Chief Technology Officer, will optimize the end-to-end customer experience – from technology solutions to onboarding and continuous improvement

COMMACK, N.Y.--(BUSINESS WIRE)--IntelliShift, the leading connected fleet intelligence platform for safety and operations teams, today announced Ryan Wilkinson has been named Chief Operating Officer (COO), effective immediately. As COO, Wilkinson will further scale IntelliShift’s mixed fleet offerings and will oversee the end-to-end customer experience, from first engagement with the product, to onboarding and continuous adoption. Customers will be able to deploy vital technology solutions faster and more efficiently than ever before, keeping their fleets safe, efficient and on the road. Sales, app development and supply chain operations will also report to Wilkinson.



A 13-year veteran of IntelliShift, Wilkinson served as Chief Technology Officer from 2014 to 2022. Listening to customer needs, Wilkinson led the evolution of the IntelliShift brand from a GPS and telematics solution to a platform-based offering capable of providing users with deep, yet easy to understand, insights to optimize their fleet safety and operations. Wilkinson also played a key role in restructuring and rebranding the company in 2020 to showcase IntelliShift’s comprehensive, all-in-one solution.

Throughout the COVID-19 pandemic, Wilkinson oversaw IntelliShift’s supply chains to ensure critical hardware offerings like the AI Dash Cam 400 were readily available. While the rest of the industry was plagued with extended lead times due to chip shortages and other supply chain upheaval, Wilkinson’s operational changes were instrumental in the company’s ability to immediately deliver its products and fulfill customer needs.

“For over a decade, Ryan’s strategic vision and operational achievements have been a driving force behind the growing value we deliver to our customers,” said John Cunningham, CEO and Founder of IntelliShift. “In his role as COO, Ryan’s deep knowledge of the industry, emerging technologies and expanded focus on the customer journey will enable our team to scale faster and will further IntelliShift’s commitment to our customers’ safety and operational success.”

Wilkinson added: “Ensuring we are truly making a positive impact on our customer’s business has always been my key motivator, both during my time as CTO and even more so as I move into the COO position. I look forward to continuing to introduce innovative solutions that keep drivers safe and our customers’ vehicles and equipment out of the shop so they can generate increasing revenue and ROI on the worksite.”

For more information on the IntelliShift fleet and safety management platform, please visit intellishift.com.

About IntelliShift

IntelliShift is powerful fleet intelligence made simple. Designed to solve safety and operational challenges, it is the only solution that enables businesses with fleets of vehicles and heavy equipment to easily access all fleet operations data in a single platform. Leveraging 20+ years of expertise in business and hundreds of years collectively as fleet experts, IntelliShift delivers deep fleet data insights to drive better business outcomes. As a trusted partner to mobile and field operations spanning SMB to the enterprise market, our client-centric approach ensures a seamless deployment, easy integration with existing solutions and immediate returns through increased productivity, improved safety metrics and a demonstrable reduction in costs per asset. We are proud to work with leading brands including Bimbo Bakeries, Thyssenkrupp Elevators and US Ecology.


Contacts

Media:
Chelsea Higgins
PAN Communications for IntelliShift
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AUSTIN, Texas--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is creating an entirely new industry within the sharing economy - and rapidly forging a path to entrepreneurship for thousands of boat owners in the process. In Austin, Boatsetter saw more than 300 percent year over year growth in boat rental bookings.



Boatsetter is the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2017. This opened up a new world of possibilities for boat owners who, on average, use their boats only two weeks of the year.

“There are more than 15 million privately owned boats in the U.S., most of which sit unused for the vast majority of the year,” says Jackie Baumgarten, CEO of Boatsetter. “This makes them extremely expensive and underutilized assets. Boatsetter is a game changer because we help defray the cost of ownership, and we enable entrepreneurs to start their own business from the ground up.”

Boatsetter provides private boat owners with a way to safely and legitimately list their boats, and its intuitive platform makes it simple to manage one’s bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains, and manages all of the logistics to allow private boat owners to earn income. To date, more than one million boaters and boat owners alike have used the platform, and last year, Boatsetter saw a 50 percent increase in the number of boats listed for rent.

Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.

Owners of all ages, with all sizes and styles of boats, can build a successful business on the water. Some Boatsetter owners reported generating more than $100,000 in revenue in 2021 alone, and Boatsetter Operators - peer-to-peer owners with one or more boats listed - make up 70 percent of the Boatsetter platform. Millennials make up the largest segment of Boatsetter owners at 42 percent, while 75 percent of the boats that are rented are less than 26 feet in length.

"When it's summer in Texas, there's no better place to be than out on the lake. I started renting out my boats on Boatsetter last May, and since then I've completed almost 150 trips," said Jeramy Ferguson, a local Austin owner who currently lists three boats for rent and joined Boatsetter in 2021. "It's been great, I rent to locals, I rent to vacationers. I even get a lot of repeat customers who used to own boats themselves. They all want to get out on the water and have a memorable experience with their families—go wakeboarding, skiing or tubing, or just hang out. And my boats provide a way for them to do that."

Boatsetter has more than 50,000 boat listings of all styles and sizes, from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Boatsetter is available in over 700 locations and counting.

About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.


Contacts

Mollie Leal
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916-612-7462

Over 37 GW of solar projects were acquired in the first half of the year

AUSTIN, Texas--(BUSINESS WIRE)--#1H2022--Mercom Capital Group, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter (Q2) and the first half (1H) of 2022.


To get the report, visit: https://tinyurl.com/MercomSolarQ22022

Total corporate funding (including venture capital (VC) funding, public market, and debt financing) in 1H 2022 stood at $12 billion, 11% lower compared to the $13.5 billion raised in 1H 2021. The number of deals increased 28% year-over-year (YoY), with 91 deals in 1H 2022 compared to 71 deals in 1H 2021.

CHART: Solar Corporate Funding 1H 2018 - 1H 2022

"The current state of the economy—inflation, higher interest rates, supply chain issues—has started to impact fundraising in the solar sector. Even though the first half numbers held up, there was a pronounced slowdown from Q1 to Q2. Besides venture and private equity funding, all other areas experienced a decline in financing activity. But the value of solar is more evident than ever to markets that are dependent on energy imports. Clean energy installation goals are being ramped up around the world, and solar is a long-term beneficiary of this trend," said Raj Prabhu, CEO of Mercom Capital Group.

In 1H 2022, VC funding rose to $3.7 billion in 53 deals.

Of the $3.7 billion in VC funding, 89% went to solar downstream companies with $3.3 billion in 39 deals.

145 VC investors participated in solar funding in 1H 2022.

CHART: Solar Top VC Funded Companies in 1H 2022

Solar public market financing in 1H 2022 came to $3.3 billion in eight deals.

Announced solar debt financing activity in 1H 2022 totaled $5 billion in 30 deals.

In 1H 2022, five securitization deals totaled $1.4 billion, a 26% decrease compared to 1H 2021.

In 1H 2022, there were 53 solar M&A transactions.

CHART: Solar Top 5 M&A Transactions in 1H 2022

In 1H 2022, there were 148 project acquisitions for 38 GW of solar projects.

CHART: Solar Project Acquirer Mix (%) Q2 2021 - Q2 2022

Project Developers and Independent Power Producers were the most active acquirers of solar projects in Q2 2022, with 4.1 GW.

391 companies and investors covered in this 100-page report.

Get the report, visit: https://tinyurl.com/MercomSolarQ22022

About Mercom Capital Group

Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence, and strategic decision-making. https://www.mercomcapital.com.


Contacts

Wendy Prabhu
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JET H2 Energy combines companies’ retail and hydrogen expertise to form a leading player in hydrogen mobility

HOUSTON & ZURICH--(BUSINESS WIRE)--$PSX #hydrogen--Phillips 66 (NYSE: PSX) and H2 Energy Europe (“H2 Energy”) today announced they have closed on a 50-50 joint venture to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark.


JET H2 Energy Austria GmbH (JET H2 Energy), the joint venture between subsidiaries Phillips 66 Limited and H2 Energy Europe SA, will combine the retail expertise of Phillips 66 and the hydrogen expertise of H2 Energy and be well positioned to boost the development of hydrogen in Europe. The new company plans to develop approximately 250 hydrogen refueling stations by 2026.

We will make hydrogen a leading energy solution for emission-free mobility,” said Olaf Borbor, Chief Executive Officer of JET H2 Energy. “We will align stakeholders’ interests along the hydrogen value chain and create a sustainable hydrogen ecosystem.”

JET H2 Energy’s network of hydrogen refueling stations for heavy- and light-duty and passenger vehicles will comprise existing JET® branded retail stations as well as new locations on major transport routes and at customer sites. JET H2 Energy will require governmental funding, where applicable, for the development of the refueling network.

The company intends to supply its sites with green hydrogen and build relationships with customers and original equipment manufacturers. Green hydrogen is a zero-carbon energy carrier and fuel that is produced by splitting water into hydrogen and oxygen using renewable electricity. In vehicles, hydrogen is converted to electricity in fuel cells that power cars and trucks, with water being its only emission.

JET H2 Energy will benefit from its close ties with Hyundai Hydrogen Mobility, the exclusive European reseller of the Hyundai Xcient hydrogen fuel cell truck.

Phillips 66 has a successful retail presence in Europe with its JET® brand,” Borbor said. “H2 Energy has a proven track record in creating a successful green hydrogen ecosystem in Switzerland. The parties’ competencies complement each other ideally for the next stage in building up the hydrogen economy.”

The JET H2 Energy management team is represented by Borbor, Chief Financial Officer Markus Wolf and Commercial Manager Jonas Erdmann.

Phillips 66 Limited is a U.K.-based, wholly owned subsidiary of Phillips 66, a diversified energy manufacturing and logistics company. Phillips 66 has more than 1,000 JET® branded stations in Europe and a growing hydrogen refueling network in Switzerland through its participation in the Coop Mineraloel AG joint venture. Through its Emerging Energy organization, Phillips 66 is building a lower-carbon business and pursuing opportunities in the areas of hydrogen, renewable fuels, batteries and carbon capture.

Swiss-headquartered H2 Energy Europe is a joint venture between commodity trading firm Trafigura Pte Ltd. and H2 Energy Holding AG, a leading hydrogen provider in Europe with investments in the production, distribution and utilization of green hydrogen. Through its affiliated companies, H2 Energy was the first to develop and deliver hydrogen fuel cell trucks to commercial users and create a green hydrogen fueling ecosystem in Switzerland.

H2 Energy is developing a 1-gigawatt electrolysis plant in Denmark capable of generating roughly 100,000 metric tons a year of green hydrogen from electricity sourced from offshore wind to supply the transportation and energy sector in northern Europe.

About Phillips 66

Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.

About H2 Energy

H2 Energy was established in Zurich, Switzerland, in 2014 with the vision to play an active role in fighting climate change. The company wants to make hydrogen from renewable energy a cornerstone of the energy system by expanding the entire value chain across production, distribution and consumption in a sustainable and economic way. H2 Energy is involved in the entire hydrogen value chain, offering know-how and engineering each step of the way. The company draws on many years of experience, particularly in creating hydrogen production plants, establishing hydrogen refueling stations and in the engineering of hydrogen fuel cell applications. In 2020, Trafigura and H2 Energy announced a commercial collaboration to develop the production, storage and distribution of green hydrogen for refueling stations and industrial customers. Under the joint venture H2 Energy Europe, the two companies will invest in green hydrogen ecosystems across Europe. Visit: www.h2energy.ch

About Trafigura

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Visit: https://www.trafigura.com

PHILLIPS 66 CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66’s control, including but not limited to regulatory approvals and market conditions. A discussion of factors that may affect future results is included in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.


Contacts

Phillips 66
Jeff Dietert, 832-765-2297 (investors)
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Shannon Holy, 832-765-2297 (investors)
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Thaddeus Herrick, 855-841-2368 (media)
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H2 Energy Europe
Urs Breitmeier
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Trafigura Pte Ltd.
Trafigura Press Office, +41 (0) 22 592 45 28
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CANONSBURG, Pa.--(BUSINESS WIRE)--Equitrans Midstream Corporation (NYSE: ETRN) will release its second quarter 2022 earnings information on Tuesday, August 2, 2022, and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.


Call Access: An audio live stream of the call will be available on the internet, and participants are encouraged to pre-register online, in advance of the call, at ETRN Q2 2022 Webcast. A link to the audio live stream will be available on the Investors page of the ETRN’s website the day of the call.

Security Analysts :: Dial-In Participation
To participate in the Q&A session, security analysts may access the call in the U.S. tollfree at (888) 330-3573; and internationally at (646) 960-0677. The ETRN conference ID is 6625542.

All Other Participants :: Webcast Registration
Please Note: For optimal audio quality, the webcast is best supported through Google Chrome and Mozilla Firefox browsers.

An updated investor presentation will be available on ETRN’s Investor Relations website the day of the call.

Call Replay: For 14 days following the call, an audio replay will be available at (800) 770-2030 or (647) 362-9199. The ETRN conference ID is 6625542.

About Equitrans Midstream Corporation

Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.

For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.

Source: Equitrans Midstream Corporation


Contacts

Analyst/Investor inquiries:
Nate Tetlow – Vice President, Corporate Development and Investor Relations
412-553-5834
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Media inquiries:
Natalie A. Cox – Communications and Corporate Affairs
412-395-3941
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Breakthrough Energy Ventures and Drawdown Fund co-lead Series D round

Proceeds used to accelerate scale, progress toward producing safest, most reliable, lowest-delivered-cost drinking water on the planet

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--SOURCE Global, PBC (“SOURCE”), a world leader in sustainable drinking water technology, today announced that funds managed by Breakthrough Energy Ventures and Drawdown Fund co-led its $130 million Series D equity financing. Other significant participants in the financing are Microsoft’s Climate Innovation Fund, Fifth Wall, Blackrock, WIND Ventures, Duke Energy, Harvard Management Company, Material Impact Partners, Monashee Capital, and the Lightsmith Group.


To date, SOURCE has raised a total of $270 million and built a presence in more than 50 countries. The company plans to further scale its commercial, community, and consumer offerings globally and to accelerate innovation in advanced renewable water technologies.

“We are thrilled to expand our partnership with this category-creating business,” said Carmichael Roberts, Managing Partner at Material Impact and Co-Lead at Breakthrough Energy's Investment Committee. “Over the last half-dozen years, SOURCE has been building a tightly interconnected set of global solutions that have the power to make potable water poverty a thing of the past. As SOURCE continues to execute and grow, we believe the company will have a generational impact.”

SOURCE Global’s patented Hydropanel technology – the world’s first truly renewable drinking water platform – uniquely serves the significant, fast-growing demand for clean, sustainable drinking water delivered through climate-resilient solutions at scale. SOURCE® Hydropanels use the sun to draw pure, constantly replenished water vapor out of the air and transform it into fresh, perfectly mineralized drinking water even in remote, low-humidity locations. Hydropanels scale from small arrays to multi-thousand panel water farms serving entire communities, businesses, and sustainable bottling operations.

“Clean, safe water is humanity’s most essential need, but at least 2.4 billion people on Planet Earth don’t have clean water to drink, and by 2050, six billion people will suffer from clean water scarcity as a result of climate change,” said Dr. Cody Friesen, Founder and CEO of SOURCE. “With this new round of funding, we will accelerate our work to make high-quality drinking water an endlessly renewable resource and move closer to our vision of bringing perfect water to every person, every place.”

The SOURCE Hydropanel system is a programmable, distributed, infrastructure-free, and fully digitized water solution. It works entirely off the grid, requires no outside source of electricity or piped water infrastructure, and produces high-quality drinking water on site and in a variety of climates and conditions. Digital sensors inside the panels and a cloud-based, 24-hour monitoring system create unparalleled insight into the quality and quantity of the water.

“SOURCE is a truly singular company, powered by technology at the convergence of renewable energy and water, with the potential to scale exponentially faster than the market for solar photovoltaics,” said Erik Snyder, Drawdown Fund’s CEO and founder. “We are excited to be part of a solution that not only can help mitigate the significant climate impacts of extracting, treating, bottling, and transporting drinking water, but also deliver water abundance and create climate resilience for people around the world.”

“The mission of SOURCE Global aligns with Microsoft’s commitments to sustainable innovation in water availability and to climate equity for underserved communities and economies,” said Brandon Middaugh, Director, Microsoft Climate Innovation Fund. “By redefining access to clean, safe drinking water, SOURCE Global is enhancing social and economic opportunity and resilience in water stressed regions. We are excited to work together to further scale this solution globally.”

About SOURCE

Source Global, PBC’s mission is to perfect drinking water for every person, every place. The company’s SOURCE® Hydropanels create drinking water using sunlight and air as the only inputs, and can put the power of safe, sustainable drinking water in the hands of every person in nearly every climate and corner of the world. A Public Benefit Corporation, SOURCE is on Fast Company’s 2020 list of most innovative social good companies. The company is headquartered in Scottsdale, Arizona, and operates in more than 50 countries. SOURCE is a registered trademark of SOURCE Global, PBC. For more information, visit www.source.co and follow us on Facebook, LinkedIn, Twitter and Instagram.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.


Contacts

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

HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.021500 per unit, payable on August 12, 2022 to unitholders of record on July 29, 2022. The net profits interest calculation represents reported oil production for the month of April 2022 and reported natural gas production during March 2022. The calculation includes accrued costs incurred in May 2022.

The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.

 

 

Underlying Sales Volumes

 

Average Price

 

 

Oil

 

Natural Gas

 

Oil

 

Natural Gas

 

 

Bbls

 

Bbls/D

 

Mcf

 

Mcf/D

 

(per Bbl)

 

(per Mcf)

Current Month

 

41,122

 

1,371

 

301,477

 

9,725

 

$

105.29

 

$

4.52

Prior Month

 

40,102

 

1,294

 

380,958

 

13,606

 

$

98.77

 

$

4.84

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $4.3 million for the current month on realized wellhead prices of $105.29/Bbl, up $0.3 million from the prior month’s oil cash receipts.

Recorded natural gas cash receipts from the Underlying Properties totaled $1.4 million for the current month on realized wellhead prices of $4.52/Mcf, down $0.4 million from the prior month.

Total accrued operating expenses for the period were $2.2 million, a decrease of $0.1 million from the prior period. Capital expenditures increased $2.5 million from the prior period to $3.5 million primarily due to the drilling of seven non-operated drilling projects in the Permian area by a private operator and a large public operator.

As previously disclosed, COERT Holdings 1 LLC (the “Sponsor”) has established a $1.5 million cash reserve for approved, future development expenses in 2022. Given the increase in capital expenditures on the Underlying Properties for the current month compared to prior months this year, the Sponsor is releasing $0.9 million from the reserve to partially fund the current month’s capital expenditures. The remaining reserve of $0.6 million will be held to fund incremental future development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.

About Permianville Royalty Trust

Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.

Forward-Looking Statements and Cautionary Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders and expectations regarding the cash reserve for future development expenses. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2021 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.


Contacts

Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555

 



CHICAGO--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is creating an entirely new industry within the sharing economy - and rapidly forging a path to entrepreneurship for thousands of boat owners in the process. In Chicago, Boatsetter saw 118 percent year over year growth in boat rental bookings.

Boatsetter is the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2017. This opened up a new world of possibilities for boat owners who, on average, use their boats only two weeks of the year.

“There are more than 15 million privately owned boats in the U.S., most of which sit unused for the vast majority of the year,” says Jackie Baumgarten, CEO of Boatsetter. “This makes them extremely expensive and underutilized assets. Boatsetter is a game changer because we help defray the cost of ownership, and we enable entrepreneurs to start their own business from the ground up.”

Boatsetter provides private boat owners with a way to safely and legitimately list their boats, and its intuitive platform makes it simple to manage one’s bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains, and manages all of the logistics to allow private boat owners to earn income. To date, more than one million boaters and boat owners alike have used the platform, and last year, Boatsetter saw a 50 percent increase in the number of boats listed for rent.

"Our voyage with Boatsetter started back in 2013 as a way to offset the costs of boat ownership when my friend and boat partner moved away. Now our vibrant small business with 5 boats -and growing- provides a unique experience for clients, and income for our employees, cleaning crew, mechanics, and independent captains," said Chris Brooks, a local Chicago owner who has completed almost 430 bookings since joining Boatsetter.

"There is nothing better than the positive energy created by dozens of our smiling customers casting off to enjoy the beauty of sparkling Lake Michigan on a glorious summer day. [We] have Boatsetter to thank for building the team, technology and network to bring together fun-seeking customers with boat owners like myself."

Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.

Owners of all ages, with all sizes and styles of boats, can build a successful business on the water. Some Boatsetter owners reported generating more than $100,000 in revenue in 2021 alone, and Boatsetter Operators - peer-to-peer owners with one or more boats listed - make up 70 percent of the Boatsetter platform. Millennials make up the largest segment of Boatsetter owners at 42 percent, while 75 percent of the boats that are rented are less than 26 feet in length.

"Boatsetter made it easy to get started and they've helped me extend my marketing to reach renters who are local to Chicago and visitors to the area," said Dan Vevers, another local Chicago owner who joined Boatsetter in May 2021. "So far, I've completed almost 65 successful rentals with my boat, 'Yachts of Fun.'"

Boatsetter has more than 50,000 boat listings of all styles and sizes, from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Boatsetter is available in over 700 locations and counting.

About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.


Contacts

Mollie Leal
This email address is being protected from spambots. You need JavaScript enabled to view it.
916-612-7462

BUFFALO, N.Y.--(BUSINESS WIRE)--Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that its Board of Directors has approved payment of a regular quarterly dividend of $0.07 per common share.


The dividend will be payable on or about August 15, 2022 to shareholders of record at the close of business on August 5, 2022. Columbus McKinnon has approximately 28.6 million shares of common stock outstanding.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at www.columbusmckinnon.com.


Contacts

Gregory P. Rustowicz
Senior Vice President - Finance and Chief Financial Officer
Columbus McKinnon Corporation
716-689-5442
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Investor Relations:
Deborah K. Pawlowski
Kei Advisors LLC
716-843-3908
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MIAMI--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is creating an entirely new industry within the sharing economy - and rapidly forging a path to entrepreneurship for thousands of boat owners in the process.



Boatsetter is the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2015. This opened up a new world of possibilities for boat owners who, on average, use their boats only two weeks of the year.

“There are more than 15 million privately owned boats in the U.S., most of which sit unused for the vast majority of the year,” says Jackie Baumgarten, CEO of Boatsetter. “This makes them extremely expensive and underutilized assets. Boatsetter is a game changer because we help defray the cost of ownership, and we enable entrepreneurs to start their own business from the ground up.”

Boatsetter provides private boat owners with a way to safely and legitimately list their boats, and its intuitive platform makes it simple to manage one’s bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains, and manages all of the logistics to allow private boat owners to earn income. To date, more than one million boaters and boat owners alike have used the platform, and last year, Boatsetter saw a 50 percent increase in the number of boats listed for rent.

“When I became a boat owner for the first time, I listed my boat on Boatsetter. They made the whole process seamless," said Captain Mylene Garot, a local Miami owner who joined Boatsetter in 2020. “Less than 2 years later and after 765 bookings, I have six boats available for rent and I can only be grateful for Boatsetter and the opportunity they provided me to grow my business on the water."

Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.

Owners of all ages, with all sizes and styles of boats, can build a successful business on the water. Some Boatsetter owners reported generating more than $100,000 in revenue in 2021 alone, and Boatsetter Operators - peer-to-peer owners with one or more boats listed - make up 70 percent of the Boatsetter platform. Millennials make up the largest segment of Boatsetter owners at 42 percent, while 75 percent of the boats that are rented are less than 26 feet in length.

"I've always had a passion for the water, and as a lifestyle entrepreneur, joining Boatsetter made a lot of sense for me because it helped me expand my reach and scale my business," said Captain Mylene. "I love sharing my passion with others. Everyone should be able to experience the boating lifestyle and everything it has to offer."

Boatsetter has more than 50,000 boat listings of all styles and sizes, from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Boatsetter is available in over 700 locations and counting.

About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.


Contacts

Mollie Leal
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916-612-7462

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation ("Civeo" or the "Company") (NYSE:CVEO) today announced that the Company has been awarded a contract renewal to continue providing rooms and hospitality services at its Wapasu Lodge in the Canadian oil sands for Imperial Oil Resources Limited.


The highlights of the contract award include a 12-year, take-or-pay contract inclusive of daily minimum occupancies that balance rate reductions with a range of planned cost savings initiatives. The new agreement commences November 1, 2022 and will terminate on October 31, 2034. It includes approximately C$500 million of guaranteed take-or-pay revenues, as well as significant upside in excess of take-or-pay based on current occupancy levels.

Bradley J. Dodson, Civeo's President and Chief Executive Officer, stated, “Serving Imperial’s Kearl operation at our Wapasu Lodge has been a cornerstone of our Canadian business dating back to 2009. Imperial remains a highly valued customer, and we are excited to extend this longstanding relationship. Civeo is committed to ensuring the cost efficiency of our customers’ producing assets, and this contract renewal represents an excellent collaboration between two long-term partners to maximize value in the current operating environment in a mutually beneficial way.”

In conjunction with this contract award, Civeo expects to deploy approximately C$5 million in capital, primarily in 2022, which will include renovations and improvements to Wapasu Lodge. Due to this contract renewal and the supporting capital improvements, Civeo is raising its full year 2022 capital expenditure guidance to US$24-US$29 million.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements herein include, among others, the statements regarding Civeo’s future plans and outlook, including capital expenditure guidance, and potential upside with respect to the Imperial contract. The forward-looking statements included herein are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things, risks associated with global health concerns and pandemics, including the COVID-19 pandemic, any increases in or severity of COVID-19 cases (including due to existing or new variants) and the risk that room occupancy may decline if our customers are limited or restricted in the availability of personnel who may become ill or be subjected to quarantine, risks associated with the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, iron ore and other minerals, including the level of activity, spending and developments in the Canadian oil sands, the level of demand for coal and other natural resources from, and investments and opportunities in, Australia, and fluctuations or sharp declines in the current and future prices of oil, natural gas, coal, iron ore and other minerals, risks associated with failure by our customers to reach positive final investment decisions on, or otherwise not complete, projects with respect to which we have been awarded contracts, which may cause those customers to terminate or postpone contracts, risks associated with currency exchange rates, risks associated with the company’s ability to integrate acquisitions, risks associated with labor shortages, risks associated with the development of new projects, including whether such projects will continue in the future, risks associated with the trading price of the company’s common shares, availability and cost of capital, risks associated with general global economic conditions, global weather conditions, natural disasters and security threats and changes to government and environmental regulations, including climate change, and other factors discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Civeo’s most recent annual report on Form 10-K and other reports the company may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.


Contacts

Investor Relations and Civeo Corporate Contact:
Carolyn J. Stone
Civeo Corporation
Senior Vice President & Chief Financial Officer
713-510-2400

Media and Civeo Canada Contact:
Allan D. Schoening
President, Civeo Canada
780-440-7831

 



SAN DIEGO--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is creating an entirely new industry within the sharing economy - and rapidly forging a path to entrepreneurship for thousands of boat owners in the process.

Boatsetter is the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2017. This opened up a new world of possibilities for boat owners who, on average, use their boats only two weeks of the year.

“There are more than 15 million privately owned boats in the U.S., most of which sit unused for the vast majority of the year,” says Jackie Baumgarten, CEO of Boatsetter. “This makes them extremely expensive and underutilized assets. Boatsetter is a game changer because we help defray the cost of ownership, and we enable entrepreneurs to start their own business from the ground up.”

Boatsetter provides private boat owners with a way to safely and legitimately list their boats, and its intuitive platform makes it simple to manage one’s bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains, and manages all of the logistics to allow private boat owners to earn income. To date, more than one million boaters and boat owners alike have used the platform, and last year, Boatsetter saw a 50 percent increase in the number of boats listed for rent.

Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.

Owners of all ages, with all sizes and styles of boats, can build a successful business on the water. Some Boatsetter owners reported generating more than $100,000 in revenue in 2021 alone, and Boatsetter Operators - peer-to-peer owners with one or more boats listed - make up 70 percent of the Boatsetter platform. Millennials make up the largest segment of Boatsetter owners at 42 percent, while 75 percent of the boats that are rented are less than 26 feet in length.

"I grew up around boats and have always loved boating, and I even have my 100 Tons Captain’s license," said Max Alper, a local San Diego owner who completed almost 115 rentals since joining Boatsetter in June of 2020. "I enjoy sharing my boats with others so they can explore San Diego and create new, awesome memories on the water."

Boatsetter has more than 50,000 boat listings of all styles and sizes, from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Boatsetter is available in over 700 locations and counting.

About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.


Contacts

Mollie Leal
This email address is being protected from spambots. You need JavaScript enabled to view it.
916-612-7462

TORONTO--(BUSINESS WIRE)--$LGO #cleanenergy--Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) announces that it has published its 2021 Sustainability Report detailing the Company’s approach and progress towards integrating sustainability into all aspects of its business. Largo’s 2021 Sustainability Report has been compiled in accordance with the Global Reporting Initiative (“GRI”) Standards: Core option, as well as Value Reporting Foundation - Sustainability Accounting Standards Board (“SASB”) Metals & Mining Industry Standard requirements.



Paulo Misk, President and Chief Executive Officer of Largo commented: I am proud to see the progress we have made in 2021, which is reflected in higher ESG ratings in several important areas described in our latest report. Our journey will continue, with other improvements planned on many sustainability-related performance measures and priorities going forward.” He continued: “We’re moving forward on a new and exciting path at Largo and by continuing to focus on sustainability and dedicating ourselves to the very best practices in our industries, I am confident we are on track to become a respected leader and contributor to the planet’s low-carbon, sustainable future.”

Largo’s 2021 Sustainability Report: www.largoinc.com/sustainability/overview

About Largo

Largo has a long and successful history as one of the world’s preferred vanadium companies through the supply of its VPURE™ and VPURE+™ products, which are sourced from one of the world's highest-grade vanadium deposits at the Company's Maracás Menchen Mine in Brazil. Aiming to enhance value creation at Largo, the Company is in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations in addition to advancing its U.S.-based clean energy division with its VCHARGE vanadium batteries. Largo’s VCHARGE vanadium batteries contain a variety of innovations, enabling an efficient, safe and ESG-aligned long duration solution that is fully recyclable at the end of its 25+ year lifespan. Producing some of the world’s highest quality vanadium, Largo’s strategic business plan is based on two pillars: 1.) vanadium production from its operations in Brazil and 2.) energy storage business in the U.S. to support a low carbon future through its clean energy division.

Largo’s common shares trade on the Nasdaq Stock Market and on the Toronto Stock Exchange under the symbol "LGO". For more information, please visit www.largoinc.com.

Cautionary Statement on Forward-looking Information:

This press release contains forward-looking information under applicable securities legislation (“forward-looking information”). Forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on www.sedar.com and www.sec.gov from time to time. Forward-looking information are based on the opinions and estimates of management as of the date such statements are made. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-looking information. Largo does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Largo’s annual and interim MD&As which also apply.

Trademarks are owned by Largo Inc.


Contacts

Investor Relations
Alex Guthrie
Senior Manager, External Relations
+1.416.861.9778
This email address is being protected from spambots. You need JavaScript enabled to view it.

Tigo RSS Transmitters with Pure Signal™ technology unleash design flexibility for large-scale commercial and industrial solar installations.

CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced the launch of its Pure Signal™ technology for Tigo RSS Transmitters. Designed to enhance powerline communication (PLC) signal quality, Pure Signal technology reduces the impact of electromagnetic interference in large-scale solar systems. Built on patented advanced rapid shutdown technology, Tigo RSS Transmitters with Pure Signal technology pair with an industry-leading list of third-party solar inverters, deliver a new level of design and installation flexibility for solar installers and EPCs, and enable significant reductions in balance of system (BOS) and labor costs.


The Tigo RSS Transmitter with Pure Signal technology is designed to serve Tigo customers who deploy increasingly large and complex systems for the commercial and industrial solar markets. Disturbances in PLC signals, often referred to as ‘crosstalk,’ can result in reduced effectiveness of system communications functions in large-scale systems. With Tigo Pure Signal technology, cable runs from different circuits or adjacent inverters will no longer risk PLC signal disruption.

“The Pure Signal technology helped us avert a significant amount of rework after a design review showed that some of our cable runs could be at risk of crosstalk issues,” said Mike Ulanski, director of construction at Catalyze. “Without the ability to put the new Tigo RSS Transmitter into play quickly, the timeline and profitability of the project would have taken a hit. The installation guidelines and design review from Tigo have been extraordinarily helpful, but this Pure Signal technology gives us much more flexibility at both design and install phases.”

Tigo RSS Transmitters with Pure Signal technology are UL PVRSS certified with hundreds of inverter models from leading manufacturers. The new generation of RSS Transmitters with Pure Signal technology are compatible with the company’s TS4-A-F and TS4-A-2F rapid shutdown product family and can be easily integrated into new projects or retrofitted into existing installations.

“Our mission is to provide high-quality, reliable, and flexible MLPE solutions to meet customers’ needs for different system configurations. Pure Signal technology delivers on that mission,” said Jing Tian, chief growth officer at Tigo Energy. “With Pure Signal technology we open a new universe of solar installation design possibilities and provide cost savings in BOS and labor. I am delighted to see companies like Catalyze engaging to take full advantage of the solution.”

For more information about the Tigo RSS Transmitter with Pure Signal technology, visit https://www.tigoenergy.com/product/rss-transmitter. For inquiries, contact the Tigo sales team at https://www.tigoenergy.com/contacts.

About Tigo Energy

Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.


Contacts

Technica Communications
Caitlan Caviness
408-806-9626 Ext. 9949
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HOUSTON--(BUSINESS WIRE)--In the press release issued July 15, 2022, at 3:15 pm Central Time the teleconference number for the participants in the United States was incorrect.


The updated release reads:

HELIX ANNOUNCES SECOND QUARTER 2022 EARNINGS RELEASE DATE AND CONFERENCE CALL INFORMATION

Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its second quarter 2022 results on Monday, July 25, 2022, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.

Helix will review its second quarter 2022 results on Tuesday, July 26, 2022, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our website under "For the Investor." Investors and other interested parties wishing to dial in to the teleconference may join by dialing 1-800-786-6596 for participants in the United States or 1-212-231-2902 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.


Contacts

Erik Staffeldt - Executive Vice President and CFO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465

GREENVILLE, S.C.--(BUSINESS WIRE)--Current today announced that Jason Scott Fokens has been named VP, General Counsel. Jason brings more than 25 years of leadership experience in legal, patent and intellectual property to this role. Most recently he served as Head of Legal and Assistant Corporate Secretary at GOJO Industries.


“I am excited to have the opportunity to lead Current’s global legal organization and to be a part of its iconic heritage of innovation and intellectual property,” said Fokens. “The newly merged business continues to expand into new areas, and I look forward to helping its growth journey while serving as General Counsel.”

“Jason has broad-based experience in managing the legal affairs of a growth-oriented corporation, including mergers, acquisitions, compliance, regulatory affairs, commercial and joint development agreements,” said Manish Bhandari, President and CEO of Current. “His specific expertise, and passion, in leading and developing global intellectual property portfolios will provide Current a competitive and strategic advantage. I look forward to working with him as we transform our company for the future.”

Prior to joining GOJO, Jason held various legal roles with Owens Corning and the Lubrizol Corporation. He earned a Bachelor of Science degree in Chemical Engineering from Michigan State University and his Juris Doctorate, Law degree from Michigan State University College of Law.

About Current:

At Current, we are Always On and working to improve lives with the industry’s most expansive portfolio of sustainable advanced lighting and intelligent controls that reliably meet our customers’ needs. Learn more at www.CurrentLighting.com.


Contacts

Media:
Jim Benson
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+1 (216) 534-4155

THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) and Bulgaria’s Overgas Inc. AD (“Overgas”) announced today that the two Parties signed a Memorandum of Understanding (“MOU”), in Sofia, Bulgaria on July 14, 2022 relating to the sale of regasified liquefied natural gas (“LNG”) downstream of Excelerate’s planned Vlora LNG terminal in Albania.


Under this MOU, the two Parties will enter into a negotiation for Overgas to purchase up to 1.0 billion cubic meters of regasified LNG annually for ten years from Excelerate (or an affiliated entity) via the Vlora Terminal and the proposed Vlora-Fier Pipeline which is expected to interconnect with existing natural gas infrastructure in Europe’s Southern Gas Corridor. The MOU expands the scope of Excelerate’s Vlora Terminal project to include downstream sales of regasified LNG into Europe and has the potential to bring much needed supply diversification not only in Bulgaria, but also in neighboring countries in the region.

“For many countries in Europe’s Southern Gas Corridor, flexible access to LNG remains critical to ensuring their energy security,” said Oliver Simpson, Commercial Vice President of Excelerate. “Integrated LNG projects like the Vlora Terminal are a logical solution for meeting the urgent energy needs of Bulgaria and other Balkan and European countries linked to the Southern Gas Corridor. We look forward to working with Overgas and believe this agreement is the first of several that will address the lack of supply diversity in the region."

Svetoslav Ivanov, Executive Director of Overgas said, “We are excited to begin working with an industry leader such as Excelerate. The signing of this agreement is a phenomenal example of the EU’s progress towards energy diversification and energy security in the Union, and especially in the Balkans.”

This agreement follows previous MOUs between Excelerate, Snam S.p.A (Snam), and Albgaz Sh.a (Albgaz) and between Overgas and Albgaz to explore potential cooperation for the construction of a natural gas pipeline from the Vlora Terminal to other natural gas infrastructure in Albania.

About Excelerate Energy:
Excelerate Energy, Inc. is a US-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.

About Overgas Group:
Established in 1992, Overgas is the biggest Bulgarian private company in the natural gas sector and a leader in developing and providing infrastructure services in the field of gasification in particular. Overgas Group’s main activities cover the whole chain of research and development, supply, distribution and sale of natural gas both on wholesale and retail level. Overgas Inc. AD is the biggest independent natural gas supplier and trader on the market. It is the first one to gain access to the infrastructure network paving the way to market liberalization. Part of Overgas Group is Overgas Mrezhi AD, Bulgaria’s largest gas distribution company, which currently provides service to over 81,000 end customers. The distributor currently owns over 2,500km of pipeline inside Bulgaria with plans of rapid expansion in the near future.

Overgas Website: https://www.overgas.bg/


Contacts

Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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or
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