MONHEIM AM RHEIN, Germany--(BUSINESS WIRE)--The global chemical company OQ Chemicals further expands its production capacity for carboxylic acids. The company has invested in an optimization and debottlenecking project for precursors at its plants in Germany. Structural work has already commenced, with completion planned before the end of the first quarter of 2023. OQ Chemicals is also investing in a partial reorganization of its global network of multi-purpose production plants to boost efficiency, improve infrastructure, and further strengthen production capabilities. The new capacity is expected to be available to the market in 2024.

Manufacturers of various industries look to Oxo Performance Chemicals from OQ Chemicals as important building blocks to produce, for example, energy-efficient high-performance lubricants, cosmetic ingredients, or animal feed additives.

“For decades, OQ Chemicals has been at the forefront of carboxylic acids, making us the global market leader in most of these products. As a technology leader in Oxo Performance Chemicals from C3 to C9, we continue to develop new technologies for future markets and applications,” said David Faust, Executive Vice President Oxo Performance Chemicals at OQ Chemicals. “For instance, OQ Chemicals’ carboxylic acids can be used to produce highly efficient lubricants for smart, eco-friendly, and energy-saving air conditioning systems, which are becoming increasingly vital in a world of rising and extreme temperatures. In the animal feed industry, our customers use our products to manufacture innovative feed additives that can benefit animal welfare.”

“At OQ Chemicals, we prioritize both fulfilling our customers' current needs and preparing for their future requirements. Our investment into this capacity increase project aims to support our customers in their growth and will further strengthen our leading position in the global market. We’re committed to the market to provide a comprehensive product portfolio and be a dependable source for Oxo Performance Chemicals,” commented Dr. Oliver Borgmeier, CEO of OQ Chemicals.

About OQ Chemicals

OQ Chemicals (formerly Oxea) is a global manufacturer of Oxo Intermediates and Oxo Performance Chemicals such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These are used to produce high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavors and fragrances, printing inks, and plastics. OQ Chemicals employs more than 1,400 people worldwide and markets its chemicals in more than 60 countries. The company is part of OQ, an integrated energy company originating in Oman. More information is available at chemicals.oq.com.

OQ Chemicals GmbH
Dr. Ina Werxhausen, Communications and Press Relations
Phone: +49 (0)2173 9993-3009, This email address is being protected from spambots. You need JavaScript enabled to view it.

MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, will report financial results for the fourth quarter and the full year ended December 31, 2022 after market close on Monday, February 13, 2023. Management will host a conference call at 4:30 P.M. ET on Monday, February 13, 2023 to discuss these results.

The call will be available, live, to interested parties by dialing:

To avoid a delay in connecting to the call, please dial in 10 minutes prior to the start time. A live webcast will be available in the Investor Relations section of SolarEdge’s website at: Event Calendar | SolarEdge Technologies, Inc.

A replay of the webcast will be available in the Investor Relations section of the company’s web site approximately two hours after the conclusion of the call and remain available for approximately 30 calendar days.

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. SolarEdge is online at www.solaredge.com.

Investor Contacts
SolarEdge Technologies, Inc.
Ronen Faier, Chief Financial Officer
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion and Michael Funari
+1 617-542-6180
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— New offer makes installing solar a win-win for Texans—

HOUSTON--(BUSINESS WIRE)--#Reliant--Millions of Texans kicked off the new year with renewed resolutions to save money, live more sustainably and complete multiple home projects. Reliant also has big plans for 2023 and has launched a rooftop solar offer along with a solar concierge service that educates and enables homeowners. With rooftop solar from Reliant, customers can experience a one-stop-shop for solar panel installation and an exclusive electricity plan that offers uncapped credits for excess energy generated.

“With more Texans considering solar as a way to power their homes, we want to make installing solar easy by providing personalized service and options to help maximize their investment,” said Elizabeth Killinger, president of Reliant. “We design every offer with our customers in mind and are thrilled to provide tailored solutions for those powering their homes with the sun.”

To begin the process, homeowners can schedule a free assessment with a Reliant Solar Energy Expert, who is skilled at helping customers design the system most suitable for their household. The Solar Energy Expert can also help homeowners understand financing options, incentives and answer any questions about the process. Reliant then facilitates a seamless install through a solar power installation partner that has field-tested professionals with years of experience specializing in residential rooftop systems.

Following installation through Reliant, customers gain access to the exclusive Simple Solar Sell Back electricity plan, which features:

• Unlimited bill credits for any solar electricity generated that a household doesn’t consume and is returned to the grid.
• Bill credits at the same price per kilowatt hour that homeowners pay for electricity with the plan. Credits go toward the total bill, which includes both electricity and TDSP fees.
• A competitive fixed electricity price locked in for the length of their plan term.
• Reliant’s award-winning customer service and the Reliant smart phone app, which provides personalized insights of a homeowner’s solar energy usage and generation in the palm of their hands.

While the Simple Solar Sell Back plan is exclusive for new solar installations with Reliant, homeowners with existing rooftop panels can also earn bill credits through the Solar Payback Plus plan for any excess energy their panels generate. For renters and customers not interested in panels, Reliant offers the 100% Solar plan and the innovative, award-winning Make It Solar program that can be added to any qualifying electricity plan for a monthly fee. When it comes to solar, Reliant makes it simple and has options to fit every lifestyle and budget. Compare solar offerings by visiting Reliant.com/solar or calling 1-866-Reliant.

About Reliant:

Reliant powers, protects and simplifies life by bringing electricity, security and related services to homes and businesses across Texas. Serving customers and the community is at the core of what we do, and the company is recognized nationally for outstanding customer experience. Reliant is part of NRG, a Fortune 500 company that creates value by generating electricity and providing energy solutions to nearly 6 million residential, small business and commercial customers across the U.S. and Canada. NRG’s competitive residential electricity business, which includes Reliant, is one of the largest in the country. For more information about Reliant, visit reliant.com and connect with Reliant on Facebook at facebook.com/reliantenergy and Twitter or Instagram @reliantenergy. PUCT Certificate #10007.

Megan Talley
713-537-2160
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HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.5696 per Class A share for the quarter ended December 31, 2022. The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the third quarter of 2022, which equals a 5% increase on an annualized basis. The distribution will be payable on February 13, 2023 to shareholders of record as of the close of business on February 2, 2023.

About Hess Midstream

Hess Midstream LP is a fee-based, growth-oriented midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(346) 319 8783

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host its 2023 Analyst & Investor Meeting on Wednesday, April 12 beginning at 8:30 a.m. Eastern time in New York City. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance.

A live webcast of the meeting will be made available on the ConocoPhillips Investor Relations website, www.conocophillips.com/investor. The event will be archived and available for replay later that day. The presentation, along with a transcript, will also be available on the Investor Relations website.

--- # # # ---

About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $95 billion of total assets and approximately 9,400 employees at September 30, 2022. Production averaged 1,731 thousand barrels of oil equivalent per day for the nine months ended September 30, 2022, and proved reserves were 6.1 billion barrels of oil equivalent as of Dec. 31, 2021. For more information, go to www.conocophillips.com.

Dennis Nuss (media)
281-293-1149
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Investor Relations
281-293-5000
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BOCA RATON, Fla.--(BUSINESS WIRE)--East Resources Acquisition Company (“ERES”) today announced the results for the proposal considered and voted upon by its stockholders at its special meeting on January 20, 2023. ERES reported that the proposal to amend ERES’s amended and restated certificate of incorporation to extend the date by which the ERES has to consummate a business combination was approved by the requisite number of shares of ERES common stock voted at the special meeting. A Current Report on Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission on January 23, 2023.

ABOUT EAST RESOURCES ACQUISITION COMPANY

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

FORWARD-LOOKING STATEMENTS

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

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

Brooklyn-based Hub seeking start-up applicants to unleash the potential of offshore wind in New York.

NEW YORK--(BUSINESS WIRE)--The Offshore Wind Innovation Hub (OWIH) is open for business and announced its first call for applications. The Brooklyn-based Hub was founded in mid-2022 to identify and help develop promising start-ups to drive new innovations in the offshore wind industry. The three-year initiative is backed by Equinor and bp, partners developing the Empire Wind and Beacon Wind offshore wind projects, together with Urban Future Lab (UFL), the NYU Tandon School of Engineering, and the National Offshore Wind Research & Development Consortium (NOWRDC) and is supported by the New York City Economic Development Corporation (NYCEDC).

Designed to facilitate testing opportunities, fast-track commercialization, and developing strategic partnerships, startups will have access to the co-working space and programming at the Offshore Wind Innovation Hub located in Industry City. An Accelerator Program will allow selected cohort companies to begin a six-month intensive mentoring and business development program in June 2023.

“We’re thrilled to launch the Accelerator Program at our Offshore Wind Innovation Hub with our esteemed partners to accelerate innovation in New York’s burgeoning offshore wind industry,” said Molly Morris, President of Equinor Wind US. “The demand for offshore wind is rapidly increasing, and innovative ideas and technological advancement are needed to help the industry develop in the U.S. and beyond.”

The first call for applications is focused on finding start-ups that provide innovative technology and solutions related to the development phase of offshore wind in New York. The application can be found here and the deadline for submission is March 27, 2023.

The Offshore Wind Innovation Hub will also offer membership to stakeholders outside the Accelerator Program. Interested parties can apply for access to the co-working facilities in Industry City, community programming, as well as workshops and networking opportunities with industry peers. Applications to become a Community Member are open year-round.

“We’re looking for New York’s best,” said Dave Lawler, chairman and president of bp America. “We know innovation is in New Yorkers’ DNA. It’s at the core of bp, too, as we transform ourselves to reach net-zero by 2050 or sooner and help the world get there too. At this incredible moment for growing offshore wind in our country, we want to empower New York’s startups to lead the nation.”

Lyndie Hice-Dunton, Executive Director of NOWRDC said, "We are delighted to be a part of this exciting partnership. The Accelerator Program is a unique opportunity to help support innovative solutions for offshore wind in the U.S., as well as help build strategic partnerships within this growing industry. We are looking forward to working with this outstanding group of leaders to achieve our mutual goal of accelerating offshore wind innovation."

“Equinor’s Innovation Hub will call on New York’s world-class entrepreneurial talent to develop cutting-edge technologies, and accelerate advances in the offshore wind industry,” said NYCEDC Chief Operating Officer Melissa Román Burch. “We are thrilled the Hub will partner with Venture Access NYC – an NYCEDC initiative to create a more inclusive and representative tech startup ecosystem. Together with our industry and community partners, we are building a nation-leading offshore wind ecosystem and a more inclusive future for New Yorkers.”

Doreen M. Harris, President and CEO, New York State Energy Research and Development Authority (NYSERDA) said, “As we solidify New York’s leadership in offshore wind, we must bolster innovation in an end-to-end ecosystem--from concept to commercialization--that supports this game-changing industry. The launch of Equinor’s Offshore Wind Innovation Hub will build a strong network that allows new cleantech businesses, investors, and entrepreneurs to accelerate the time to market for their technologies, overcome industry barriers and bring forward economic opportunity for all New Yorkers.”

Pat Sapinsley, Managing Director of Cleantech Initiatives at the Urban Future Lab, said, “Our program will help to build an offshore wind industry in New York state. Equinor and bp will need to rely on smaller players to provide innovative solutions to local issues such as permitting, data collection, modeling, and more. These companies will be in the unique position of working with Equinor to devise and deploy the best solutions for this nascent US industry.”

Equinor is the operator on behalf of its 50-50 strategic partnership with bp. Together, the companies are developing the Beacon Wind and Empire Wind projects, which will supply 3.3 gigawatts (GWs) of renewable energy to New York — enough to power nearly two million homes.

To learn more, visit the OWIH website at www.offshorewindnyc.com.

About the Offshore Wind Innovation Hub (OWIH)

Catalyzing startups to unleash the potential of offshore wind in New York.

We leverage our New York City hub to grow the US offshore wind industry by harnessing the entrepreneurial powers of both global industry-leading startups and the local community. Our innovative programming and strong networks connecting innovators, local partners, investors, and industry will foster demonstration opportunities, safety awareness, knowledge transfer, innovation, and job creation. Through collaborative partnerships, we accelerate the local development of new technologies for the national offshore wind industry, to facilitate cost-efficiency gains. Our commitment to diversity and equity will advance inclusive supply chain and business development and accelerate the green economy in New York.

About Equinor

Equinor is one of the largest offshore wind developers in the United States.

Equinor is actively developing three projects: Empire Wind 1, Empire Wind 2, and Beacon Wind 1. Once completed, these projects will produce enough electricity to power about 2 million New York homes and will help generate more than $1 billion in economic output to New York State. Equinor is also a provisional winner of a lease area on the Outer Continental Shelf off California.

The United States is an attractive growth market for Equinor, with an ambition to install 12-16 GW of renewables capacity globally by 2030.

About bp

bp’s ambition is to become a net-zero company by 2050 or sooner, and to help the world get to net-zero. bp is America’s largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 jobs. For more information on bp in the US, visit www.bp.com/us.

About the National Offshore Wind Research and Development Consortium (NOWRDC)

The National Offshore Wind Research and Development Consortium, established in 2018, is a not-for-profit public-private partnership focused on advancing offshore wind technology in the United States through high-impact research projects and cost-effective and responsible development to maximize economic benefits. Funding for the Consortium comes from the U.S. Department of Energy and the New York State Energy Research and Development Authority (NYSERDA), with each providing $20.5 million, as well as contributions from the Commonwealths of Virginia and Massachusetts and the States of Maryland and Maine, and New Jersey, bringing total investment to approximately $47 million. For more information, please visit nationaloffshorewind.org.

About New York City Economic Development Corporation (NYCEDC)

New York City Economic Development Corporation is a mission-driven, nonprofit organization that creates shared prosperity across New York City by strengthening neighborhoods and creating good jobs. We work with and for communities to bring emerging industries to New York City; develop spaces and facilities for businesses; empower New Yorkers through training and skill-building; and invest in sustainable and innovative projects that make the city a great place to live and work. To learn more about what we do, visit us on Facebook, Twitter, LinkedIn, and Instagram.

About the Urban Future Lab at the NYU Tandon School of Engineering

The Urban Future Lab (UFL) at NYU Tandon School of Engineering is New York City’s premier innovation hub for smart cities, the smart grid, and clean energy. As an integral part of Tandon’s Sustainable Engineering Initiative and NYU Tandon Future Labs network, the UFL is home to programs focused on policy, education, and market solutions for the green economy. Due to generous funding from our sponsors, UFL provides unmatched access to industry stakeholders, strategic advice, marketing and branding support, investor networks, and a community of like-minded founders. Our portfolio includes industry-leading startups in the areas of renewable energy, smart buildings, transportation, and resource-efficiency. The Urban Future Lab is leading the way to a more sustainable world by connecting people, capital, and purpose to advance market-ready solutions to address climate change. For more information about UFL, visit ufl.nyc and follow us on Twitter and LinkedIn. For more information about NYU Tandon, visit engineering.nyu.edu.

Lauren Shane, Senior Communications Manager, Equinor Renewables US
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (917) 392 4252

Sayar Lonial, Associate Dean for Communications & Public Affairs, NYU Tandon School of Engineering
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (646) 997-3721

Kori Groenveld, Program Manager, National Offshore Wind Research & Development Consortium
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (805) 657 7197

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Holdings, Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the first quarter of 2023. The dividend is payable on March 8, 2023 to shareholders of record as of the close of business on February 28, 2023.

About Crane Holdings, Co.

Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com

BELOIT, Wis.--(BUSINESS WIRE)--#FMD--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has been awarded a five-year indefinite-delivery/indefinite-quantity (IDIQ) requirements contract by the U.S. Navy. The agreement makes FMD the sole source for engineering and technical support of the main propulsion diesel engines on the Navy’s Freedom-class Littoral Combat Ship (LCS) program.

FMD will provide global maintenance and repair services and OEM parts to improve engine performance and increase operational availability. Additionally, the defense contractor’s Factory-Certified technicians will conduct essential training so that Navy sailors are also equipped to support emergent repair needs for these critical pieces of equipment.

“Supporting our nation’s fleets requires a finely tuned balance of service and speed of delivery. This is something that Fairbanks Morse Defense has mastered over more than a century of configuring the delivery of every customer engagement,” said FMD CEO George Whittier. “We manufactured and delivered the main propulsion diesel engines for the LCS Freedom-class vessels, and no one else knows these engines better than our service team. We stand ready to provide the essential services that ensure our fleet is always mission-ready.”

The U.S. Navy has turned to FMD for a full array of marine technologies and ship service systems for nearly 100 years. Approximately 80% of U.S. Navy ships with a medium-speed power application are powered by Fairbanks Morse Defense.

About Fairbanks Morse Defense (FMD)

Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For more than 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management.

To learn more, visit www.FairbanksMorseDefense.com.

Fairbanks Morse Media Contact:
Mercom Communications
Michelle Hargis
Tel: 512-215-4452
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Fourth Quarter 2022 Highlights

• Continued progress towards previously announced separation; Remain on-track to complete separation in early April 2023.
• Fourth quarter GAAP earnings per diluted share (EPS) increased 53% to $1.87 per share compared to 2021; Fourth quarter adjusted EPS increased 63% to a record $2.13 per share compared to 2021.
• Fourth quarter GAAP operating profit margin was 15.7%, an increase of 440 basis points from last year; adjusted operating margin was a record 18.6% compared to 12.0% last year.
• Fourth quarter core sales increased 11% compared to last year, core orders increased 15%, and core backlog increased 28%.
• Crane issues guidance for 2023 for post-separation Crane Company and Crane NXT; guidance details are included in the presentation that accompanies this earnings release that is available on our website at www.craneco.com under Investors, Events & Presentations.

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Holdings, Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported fourth quarter and full year 2022 financial results.

Max Mitchell, Crane Holdings, Co. President and Chief Executive Officer stated: “Another outstanding quarter of execution by our global team, along with continued progress toward our planned separation. Preparations for the separation are progressing smoothly, and we remain on-track for completion in April 2023. Both organizations continue to build out strong teams that will position both Crane Company and Crane NXT to deliver consistent, differentiated execution. Further, we continue to believe that the transaction will permit each post-separation company to optimize its investments and capital allocation policies to further accelerate growth and unlock shareholder value."

Mr. Mitchell continued: "Operationally, we had a very strong fourth quarter, with record quarterly adjusted EPS of $2.13 and a record adjusted operating margin of 18.6% driven, in part, by 11% core sales growth with strength across all three of our global strategic growth platforms. Leading indicators also remain strong, with core orders up 15% and core backlog up 28% compared to last year. However, despite strength of those metrics, based on broader macroeconomic trends and general uncertainty, we are planning for somewhat constrained and mixed activity in 2023 paired with gradual supply chain relief throughout the year. That said, we are confident that we are positioned to drive above-market growth in any potential environment, and we are prepared to respond quickly to capitalize on any demand above our current outlook."

Initial 2023 Outlook and Guidance

Details of our initial 2023 outlook and guidance for both Crane Company and Crane NXT are included in the presentation that accompanies this earnings release available on our website at www.craneco.com under Investors, Events & Presentations.

Full Year 2022 Results

Full year 2022 GAAP EPS of $7.18 compared to $7.36 in the prior year. Full year 2022 adjusted EPS of $7.88 increased 15% compared to $6.88 in the prior year. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

Full year 2022 sales were $3,375 million, a decrease of $33 million, or 1%, compared to full year 2021. Core sales growth of $220 million, or 6%, was more than offset by the $139 million, or 4%, impact from the May divestiture of Crane Supply, and a $114 million, or 3%, impact from unfavorable foreign exchange.

Full year order growth of 5% was driven by 13% core order growth, partially offset by a 4% divestiture impact and a 4% impact from unfavorable foreign exchange. Full year backlog growth of 23% was driven by 28% core backlog growth, partially offset by a 4% impact from unfavorable foreign exchange and a 2% divestiture impact.

Full year GAAP operating profit margin declined to 10.9%, from 15.5% last year, driven primarily by a loss on the August divestiture of asbestos-related assets and liabilities and related items. Full year 2022 adjusted operating profit margin was 17.7%, compared to 15.5% last year, driven primarily by pricing actions and productivity that more than offset inflation and the impact of lower volumes. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

Summary of Full Year 2022 Results

Full Year 2022 Cash Flow and Other Financial Metrics

Cash used for operating activities in 2022 was $152 million, compared to cash provided by operating activities of $499 million in 2021. Cash used for operating activities in 2022 included outflows of $605 million related to the August divestiture of asbestos-related assets and liabilities and other portfolio actions. Capital expenditures in 2022 were $58 million, compared to $54 million last year. Free cash flow (cash provided by operating activities less capital spending) in 2022 was negative $210 million, compared to positive $445 million last year. Adjusted free cash flow (free cash flow less the cash outflows associated with the divestiture of asbestos-related assets and liabilities and other portfolio actions) in 2022 was $395 million, compared to $445 million last year. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

The Company held cash of $658 million as of December 31, 2022, compared to $479 million as of December 31, 2021. Total debt was $1,243 million as of December 31, 2022, compared to $842 million as of December 31, 2021, with the increase related to the August asbestos divestiture transaction.

Fourth Quarter 2022 Results

Fourth quarter 2022 GAAP EPS of $1.87 compared to EPS of $1.22 in the fourth quarter of 2021. Fourth quarter 2022 adjusted EPS was $2.13, compared to $1.31 in the fourth quarter of 2021. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

Fourth quarter 2022 sales were $824 million, a slight decline compared to $825 million in the fourth quarter of 2021. Core sales growth of $90 million, or 11%, was more than offset by a $58 million, or 7%, divestiture impact, and a $33 million, or 4%, impact from unfavorable foreign exchange.

Core year-over-year order growth of 15% in the fourth quarter was partially offset by a 7% divestiture impact and a 5% impact from unfavorable foreign exchange. Total year-over-year backlog growth of 23% was driven by 28% core backlog growth, partially offset by a 4% impact from unfavorable foreign exchange and a 2% divestiture impact.

Fourth quarter GAAP operating profit margin was 15.7%, compared to 11.3% last year, with the increase driven primarily by pricing actions, and to a lesser extent productivity and higher volumes. Fourth quarter 2022 adjusted operating profit margin was 18.6%, compared to 12.0% last year. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

Summary of Fourth Quarter 2022 Results

Fourth Quarter 2022 Segment Results

All comparisons detailed in this section refer to operating results for the fourth quarter 2022 versus the fourth quarter 2021.

Aerospace & Electronics

Sales of $181 million increased $23 million, or 15%, compared to the prior year. GAAP operating profit margin of 19.8% compared to 13.1% last year, driven primarily by pricing actions, higher volumes, and productivity. Adjusted operating profit margin of 20.6% compared to 13.1% last year. Aerospace & Electronics' core orders increased 45% in the quarter compared to the prior year, and its order backlog was $613 million as of December 31, 2022 compared to $592 million as of September 30, 2022, and $460 million as of December 31, 2021.

Process Flow Technologies

Sales of $252 million decreased $47 million, or 16%, driven by a $58 million, or 19%, impact from the divestiture of Crane Supply and a $14 million, or 5%, impact from unfavorable foreign exchange, partially offset by $25 million, or 8%, of core growth. Operating profit margin increased to 14.8%, compared to 13.9% last year, primarily reflecting pricing actions and productivity, partially offset by unfavorable mix and lower volumes. Adjusted operating margin was 16.1%, compared to 14.3% last year. Process Flow Technologies' orders decreased 17% in the quarter compared to the prior year, with 9% core order growth more than offset by a 21% divestiture impact and a 5% impact from unfavorable foreign exchange. Order backlog increased 3% in the quarter compared to the prior year, with 14% core backlog growth partially offset by an 8% divestiture impact and a 4% impact from unfavorable foreign exchange. Process Flow Technologies order backlog was $369 million as of December 31, 2022, $354 million as of September 30, 2022, and $358 million as of December 31, 2021.

Payment & Merchandising Technologies

Sales of $338 million increased $25 million, or 8%, compared to the fourth quarter of 2021, driven by a $44 million, or 14%, increase in core sales, partially offset by a $19 million, or 6%, impact from unfavorable foreign exchange.

Operating profit margin increased to 24.1%, from 19.1% last year, primarily reflecting pricing actions, higher volumes and productivity. Adjusted operating profit margin of 25.9% compared to 18.5% last year. Payment & Merchandising Technologies' orders increased 4% in the quarter compared to the prior year, with 12% core order growth partially offset by an 8% impact from unfavorable foreign exchange. Order backlog increased 29% compared to the prior year, with 36% core backlog growth, partially offset by a 7% impact from unfavorable foreign exchange. Payment & Merchandising Technologies' order backlog was $566 million as of December 31, 2022, $500 million as of September 30, 2022, and $438 million as of December 31, 2021.

Newly appointed Crane NXT President and CEO Aaron Saak commented: “I am incredibly excited about the opportunity to share our path for value creation with investors at our upcoming Investor Day event. Along with my new team, I am honored to be the steward of these incredible businesses as we leverage global secular growth trends while pursuing new vectors for accelerated growth."

Engineered Materials

Sales of $52 million decreased $2 million, or 4%, compared to the prior year. Operating profit margin decreased to 11.0%, from 11.3%. Adjusted operating profit margin increased to 11.8%, from 11.3%.

Upcoming Investor Conference for Crane Company and Crane NXT
Crane Company and Crane NXT will each host an investor conference on March 9, 2023 in New York City. At both events, key executives will provide a detailed review of each company’s business, strategy, capital structure, and capital deployment policies, as well as an update on their 2023 business outlook. For additional details and to RSVP, please email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Conference Call
Crane Holdings, Co. has scheduled a conference call to discuss the fourth quarter financial results on Tuesday, January 24, 2023 at 10:00 A.M. (Eastern). All interested parties may listen to a live webcast of the call at http://www.craneco.com. An archived webcast will also be available to replay this conference call directly from the Company’s website under Investors, Events & Presentations. Slides that accompany the conference call will be available on the Company’s website.

About Crane Holdings, Co.

Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: statements regarding Crane’s and the ultimate spin-off company’s (“SpinCo”) portfolio composition and their relationship following the business separation; the anticipated timing, structure, benefits, and tax treatment of the separation transaction; benefits and synergies of the separation transaction; strategic and competitive advantages of each of Crane and SpinCo; future financing plans and opportunities; and business strategies, prospects and projected operating and financial results. In addition, there is also no assurance that the separation transaction will be completed, that Crane’s Board of Directors will continue to pursue the separation transaction (even if there are no impediments to completion), that Crane will be able to separate its businesses or that the separation transaction will be the most beneficial alternative considered. We caution investors not to place undue reliance on any such forward-looking statements.

Words such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained.

Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations that may harm our business, results of operation and stock price; the continuing effects from the coronavirus pandemic on our business and the global and U.S. economies generally; information systems and technology networks failures and breaches in data security, theft of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information; our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain; demand for our products, which is variable and subject to factors beyond our control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of our components and raw materials; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow our business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of our business outside the U.S.; being unable to identify or complete acquisitions, or to successfully integrate the businesses we acquire, or complete dispositions; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow; significant competition in our markets; additional tax expenses or exposures that could affect our financial condition, results of operations and cash flows; inadequate or ineffective internal controls; specific risks relating to our reportable segments, including Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies and Engineered Materials; the ability and willingness of Crane and SpinCo to meet and/or perform their obligations under any contractual arrangements that are entered into among the parties in connection with the separation transaction and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that we expect to achieve from the separation transaction.

Readers should carefully review Crane’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane’s Annual Report on Form 10-K for the year ended December 31, 2021 and the other documents Crane and its subsidiaries file from time to time with the SEC. Readers should also carefully review the “Risk Factors” section of the registration statement relating to the business separation which has been filed by SpinCo with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

These forward-looking statements reflect management’s judgment as of this date, and Crane assumes no (and disclaims any) obligation to revise or update them to reflect future events or circumstances.

We make no representations or warranties as to the accuracy of any projections, statements or information contained in this document. It is understood and agreed that any such projections, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections ranges, or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that we or our representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, securities for sale.

(Financial Tables Follow)

Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--East Point Energy, an Equinor Company, has announced the launch of its Project Acquisition Program. The company has a strategy to acquire standalone energy storage, solar, and solar plus storage projects in the United States. Initially, the company will favor standalone storage projects that can achieve commercial operation in 2024 and 2025 in ERCOT, PJM, NYISO, and ISONE, but will review and consider projects in all power markets. The project development team at East Point understands and welcomes development risk in earlier-stage assets; therefore, the acquisition program will consider projects at any stage of development, from pre-construction projects to operating assets. East Point is a fair, low transaction-risk investment partner with a transparent governance process that seeks projects with merchant risk and uncontracted revenue.

“With our Project Acquisition Program, East Point aims to become a trusted, reliable investment partner to project developers in the renewable energy industry for years to come,” says Andrew Foukal, CEO of East Point. “We look forward to building on our parent company’s strong track record of managing and optimizing merchant risk across a diverse portfolio of operating assets.”

East Point is a development firm focused on the origination, construction, and operation of energy storage projects. In July 2022, East Point announced that it will operate as a wholly-owned subsidiary of Equinor, a broad international energy company committed to long-term value creation in a low-carbon future. East Point plans to expand the company’s scope to include developing, constructing, and owning and operating solar projects, leaning on the executive team’s prior experience developing dozens of solar projects, 800 megawatts of which are now operating across the United States. To learn more about East Point’s Project Acquisition Program, please reach out to This email address is being protected from spambots. You need JavaScript enabled to view it..

About East Point Energy

East Point Energy is a development firm focused on the origination, construction, and operation of energy storage projects. Our team is currently developing gigawatts of energy storage projects throughout the country, helping to transform the grid into a renewable, resilient, and affordable system for generations to come. East Point is a wholly owned subsidiary of Equinor, a broad international energy company committed to long-term value creation in a low-carbon future.
www.eastpointenergy.com

Press Contact:
Anne Eschenroeder
(434) 465-6210
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) announced it has declared a quarterly cash distribution of $0.005 per unit for the quarter ended December 31, 2022. The distribution is payable on February 14, 2023 to common unitholders of record as of the close of business on February 7, 2023. The ex-dividend date for the cash distribution is February 6, 2023.

Section I: This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Section II: The entire amount of the distribution realized per U.S. Treasury Regulation 1.1446(f)-4(c)(2)(iii) is in excess of cumulative net taxable income.

About Martin Midstream Partners

MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.

MMLP-F

Sharon Taylor
Chief Financial Officer
(877) 256-6644
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MOUNT AIRY, N.C.--(BUSINESS WIRE)--Pike Corporation, a leading provider of turnkey infrastructure solutions for electric and gas utilities, as well as telecommunications companies, today announced that it has promoted three leaders within Pike Engineering: Byron L. Bass was promoted to Senior Vice President and Daniel P. Wright and John Fraites were each promoted to Vice President.

Mr. Bass joined UC Synergetic in 2006, which was acquired by Pike in 2012. He has held a variety of positions within the company, including his most recent role as Vice President within Pike Engineering.

Mr. Wright joined the company in 2009 and has served in a wide range of operational roles throughout the company, including his most recent position as a Vice President of Operations.

Mr. Fraites joined the company in 2018 as a Director of Financial Planning and Analysis. He brings a wealth of industry experience, including his six years at Cogentrix Energy.

“Pike has always valued the development of people within our company,” said Lee Mazzocchi, President of Pike Engineering. “The promotions announced today are a recognition not only of the incredible contributions of Byron, Daniel and John, but also their ability to lead and grow engineering solutions across all of Pike’s service areas and regions at a time when infrastructure design and planning is becoming increasingly complex and important.”

About Pike Corporation

Founded in 1945, Pike is the leading integrated provider of construction, repair and engineering services for distribution and transmission powerlines and substations, as well as renewable and distributed energy resources. In addition, Pike offers storm restoration and gas distribution services. Pike’s turnkey approach and field expertise not only maximizes project efficiency, but it also leads to the industry’s highest-quality work. We have maintained long-standing, trusted customer relationships with over 400 investor-owned, municipal and cooperative utilities and infrastructure providers throughout the United States. We continuously expand our offerings to supply our customers with the ideas, technology, experience, manpower and equipment to perform any job.

Mei Shibata
1 (646) 483-0693
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Expands Portfolio of Transportation and Storage Infrastructure Assets

HOUSTON--(BUSINESS WIRE)--Arroyo Investors, a Houston-based, independent investment manager focused on power and energy infrastructure assets throughout the Americas, today announced it has recently closed an investment in Seaside LNG and its affiliated entities (the Company), an integrated shore-side LNG liquefaction and bunkering platform in the U.S.

The Company owns interests in two separate operating businesses: (A) a 50% ownership interest in JAX LNG, LLC, a small-scale (360,000 gallons/day) LNG liquefaction facility operating two trains in Jacksonville, Florida; and (B) a 100% ownership stake in an LNG bunkering barge operation through Polaris New Energy.

“We believe this investment represents a differentiated opportunity for Arroyo to own and operate infrastructure assets that are strategically positioned to help facilitate the global marine industry’s transition from traditional heavy fuel to cleaner LNG, in compliance with IMO 2020,” said Brandon Wax, Managing Director at Arroyo. “As an economic and environmentally friendly fuel supply alternative, we believe LNG is a key component in the transformation of the energy landscape and Seaside LNG is well positioned to lead the way by supplying LNG to its customers.”

Credit Suisse Securities (USA) LLC acted as exclusive financial advisor to Arroyo.

ABOUT ARROYO

Arroyo Investors is an independent investment manager focused on power generation and related infrastructure projects throughout the Americas. Arroyo is based in Houston, Texas with an office in Santiago, Chile. Arroyo’s infrastructure investment focus includes natural gas transportation and storage, conventional and renewable power generation, energy storage and fuel logistics. Arroyo integrates an asset’s environmental and social qualities into its investment decisions. The firm currently owns investments in the United States, Mexico and Chile. For further information, please visit www.arroyoinvestors.com.

ABOUT SEASIDE LNG

Seaside provides LNG production and maritime transportation logistics to meet the growing demand for LNG, a cleaner alternative fuel, to customers in the maritime, aerospace and transportation industries. Seaside owns 50% of JAX LNG, a small-scale (360,000 gallons/day) LNG production facility operating two trains in Jacksonville, Florida, and a 100% ownership stake in an LNG bunkering barge operation through Polaris New Energy. The company currently owns the barge Clean Canaveral and tug Polaris, which operates as an Articulated Tug & Barge Unit. Seaside is expanding its barge fleet by constructing a sister barge that is scheduled for delivery by end of 2023. For further information, please visit www.seasidelng.com.

Jennifer Petree / Tina Tallant
Petree Partners LLC
713.269.3776
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LEMONT, Ill.--(BUSINESS WIRE)--The U.S. Department of Energy’s Argonne National Laboratory announced today that Robyn Wheeler Grange will serve as the first director of the lab’s Office of Community Engagement.

“Having launched Argonne’s first-ever Office of Community Engagement last year, we are thrilled to now have Robyn in place as its leader,” said Argonne Laboratory Director Paul Kearns. “Argonne has a proud history of community engagement, but this office brings more structure and intentionality to our efforts. We believe it will increase our impact.”

Grange brings to the role a wealth of experience and relationships built over 20-plus years working within the Chicago regional community.

Argonne created the Office of Community Engagement in 2022 to enhance its local, state, and regional community outreach and engagement efforts. The office supports the laboratory’s efforts to:

• Extend benefits from Argonne’s capabilities and resources to more communities, including those who have historically been underserved
• Advance science and technology through expanded collaborations
• Accelerate the transfer of technologies invented at Argonne to industry and other partners for U.S. economic prosperity
• Build the workforce of the future to maintain U.S. competitiveness

“I am excited and honored to serve in this role," Grange said. "I think this office provides a strong framework for the inclusive and collaborative advancement of science and technology in communities."

From 2020 to 2023, Grange served as Head of State, Local and Regional Public Affairs and Outreach at Argonne. Prior to joining Argonne, Grange served in various roles, including district director for the Office of U.S. Representative Bobby Rush in Illinois’s 1st congressional district, director of communications for the United Way of Central Illinois, and director of the Office of University Relations at Chicago State University.

As OCE director, Grange will be available to partners via the Argonne in Chicago office in the Hyde Park neighborhood on Chicago’s South Side, as well as Argonne’s main campus in Lemont, Ill.

Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
This email address is being protected from spambots. You need JavaScript enabled to view it.
Office: 630.252.5580

Thursday, January 26, 2023

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its first Regular Meeting of the year on Thursday, January 26, 2023, beginning at 11:00 a.m. A quorum of the Port Commission, along with executive leadership, will be present in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.

It will be conducted as a hybrid meeting open to the public to attend in person or accessed virtually via WebEx webinar.

The agenda and instructions for accessing Port Houston public meetings are available at https://www.porthouston.com/about/public-meetings/agendas-minutes/

On Thursday, January 26, the following Committee Meetings will also take place:

• The Audit Committee meeting will begin at 10:30 am, followed by the Regular Port Commission meeting scheduled to start at 11:00 a.m.
• The Business Equity Committee meeting will begin after the conclusion of the Port Commission meeting.

Upcoming Port Houston public meetings (subject to change):

Sign-up for public comment is available up to an hour before the meeting by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/

Lisa Ashley-Daniels, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

NORMAN, Okla.--(BUSINESS WIRE)--#EnergyMarkets--PCI Energy Solutions is pleased to announce its successful completion of the Service Organization Controls 1 Type II (SOC 1 Type II) and Service Organization Controls 2 Type II (SOC 2 Type II) attestation issued under the American Institute of Certified Public Accounts (AICPA) and Statement on Standards for Attestation Engagements No. 18 (SSAE 18) for 2022.

After a thorough external audit, the SOC reports were prepared and issued by a leading external audit firm for the evaluation period ending in October 2022. The audit results indicate that PCI’s controls as a cloud service provider are appropriately designed and effectively executed. This marks PCI’s 11th consecutive year to be issued unqualified SOC reports.

Additionally, PCI is pleased to announce its successful completion of a compliance audit on the Federal Information Security Management Act of 2002 (FISMA) using the National Institute of Standards and Technology (NIST) Special Publication (SP) 800-53 Revision 5 framework.

After a thorough external audit, a FISMA Compliance Report was prepared and issued by the external audit firm, attesting that PCI has implemented safeguards that meet the protections required by FISMA using the NIST SP 800-53 rev.5 framework. The audit results indicate that PCI’s information security program is operating with sufficient effectiveness to provide reasonable assurance that the security, confidentiality, and integrity of nonpublic personal information is protected as of Oct. 31, 2022.

“Cybersecurity is critical to us and our clients who manage mission-critical operations by leveraging our solutions and services,” said Peter Samoray, director of IT Security at PCI. “Adhering to the latest standards and maintaining a best-practices approach is a non-negotiable commitment to our customers.”

These reports provide assurance that PCI’s hosted solutions will meet its customers’ security needs on a best-in-class cloud platform. PCI works globally with a variety of customers, including federal and state entities, and strives to comply with industry best practices to deliver secure and reliable software solutions.

If you’re interested in learning more about how your organization can protect itself against evolving cybersecurity threats, head to our Cybersecurity page and request access to a recent webinar led by our director of IT Security.

About PCI Energy Solutions

We empower energy companies to continuously optimize all aspects of energy production, trading, transportation, and consumption. We’re a tight-knit team of 300 diligent product experts, engineers, business analysts, and more, implementing software solutions in close partnership with power generation companies from across the world — our customers literally keep the lights on for everyone. We’re based in Norman (Oklahoma) with offices in Houston (Texas), Raleigh (North Carolina), Mexico City (Mexico), Lima (Peru), and Sydney (Australia). Learn more at pcienergysolutions.com.

Morgan Day
PCI Energy Solutions
(405) 447-6933
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New tower will greatly enhance Toranomon Hills, transportation node connecting the world and central Tokyo and its evolution as a new international hub and global business center

TOKYO--(BUSINESS WIRE)--Mori Building Co., Ltd., Japan’s leading urban landscape developer, announced today that the 49-story Toranomon Hills Station Tower will open this coming autumn. This project is being led by the Toranomon 1 & 2-chome District Urban Redevelopment Association, in which Mori Building is a leading participant. With the birth of Toranomon Hills Station Tower, which currently is being thoroughly integrated with Toranomon Hills Station, the entire Toranomon Hills area, which has been expanding and evolving at an unprecedented speed toward the realization of a new international hub and global business center, will be completed as a “city” boasting a scale and impact comparable to that of Roppongi Hills.

Toranomon Hills Station Tower is a multi-purpose 266-meter high tower with 49 floors above ground and 4 floors underground. By integrating the overall development with Toranomon Hills Station on the Tokyo Metro Hibiya Line, the tower will be complemented by a large and bustling station plaza and a pedestrian deck measuring 20 meters in width above Sakurada-dori Avenue (National Route 1), offering access to Toranomon Hills Mori Tower Oval Square. By strengthening and expanding the local multilevel transportation network on the ground, underground and the deck-level, the Station Tower will greatly enhance the Toranomon Hills as a transportation node and will enliven the entire area by significantly improving pedestrian flows.

The Station Tower will offer world-class office, as well as retail facilities integrated with the station plaza and a hotel making its debut in Tokyo. The tower‘s top-most level will be home to TOKYO NODE, an interactive communication facility consisting of halls, galleries, pool, restaurants, and other facilities fully capable of creating new values, ideas and business transcending domains, aimed at sharing creativity with the world.

The Toranomon Hills will be expanded to 7.5ha and total floor space of 800,000m² with the opening of Toranomon Hills Station Tower in autumn, 2023. The area is steadily evolving as a mixed‐use complex integrated with urban infrastructures such as road and subway, with an impact comparable to that of Mori Building's epoch-making Roppongi Hills.

Open and Lively “Station Atrium” Created through Integrated Development of Station and Neighborhood

The Station Atrium (2,000m²) is a three-story atrium-style vaulted space combining coordinated and complementary urban and transportation functions.

The Station Atrium’s direct connections between the station plaza and nearby facilities for events and shopping keep the space bustling with a steady flow of people from morning till night.

20m-wide Large-scale Pedestrian T-Deck above Arterial Road

The 20m-wide large-scale pedestrian T-deck above Sakurada-dori Avenue (National Route 1) and connected to Toranomon Hills Mori Tower’s Oval Square. The elevated walkway, which passes through the Station Tower, is the main route for east-west pedestrian traffic, crossing districts and arterial road. It realizes safe urban spaces by separating pedestrians and vehicles in the area, and will function as a square linking people in Toranomon Hillls.

Interactive Communication Facility Connecting Tokyo with the World: TOKYO NODE

Toranomon Hills Station Tower’s top floors (45th to 49th floors, partly 8th) will be a home to TOKYO NODE, a 10,000m² interactive communication facility.

Main hall and three galleries can be used individually or integrated as one contiguous venue. On the rooftop, sky garden, pool, and two restaurants curated by world-class chefs will open, including a grill restaurant supervised by Kei Kobayashi, the first Asian chef to earn three Michelin stars in Paris. The laboratory on the 8th floor, will further enhance the facility’s capacity as a highly functional and distinctive space for communication and knowledge-sharing, wholly unlike traditional conference and banquet facilities.

Furthermore, TOKYO NODE will serve as an information dissemination platform of for the entire Toranomon Hills area, allowing Toranomon Hills to evolve into a “communication hub” that attracts highly experienced and influential people from throughout the world for business creation and innovation to share globally.

New Office Space for Connecting People
Responding to Diverse Needs and New Workstyles

Office area located on 9th, 10th, 15-44th floors (total 32 floors), offers a total rental area measuring some 107,000 m² and standard floors of about 3,400m², including column-free plans with depths from core to window surface of about 18.5m, accommodate diverse workstyles and other needs of global companies.

In addition, eight "magnet zones" are equipped with atrium spaces and staircases, connecting the upper and lower floors to promote communication and collaboration among workers, and create more dynamic and creative workplaces.

Retail Facilities Support Global Players’ Work and Lives

A retail space measuring about 14,400m² will occupy nine floors (B2-7th) with some 80 stores that support the work and lives of global players including office workers and residents.

The T‐Market (27 shops, approx. 3,000m²) will be full of life from morning till night (7am to 11pm) with restaurants, delis and stores. The restaurants will offer high-quality but reasonably priced menus, many curated by highly acclaimed chefs and pâtissiers, including some with Michelin or Bib Gourmand credentials.

Hotel Toranomon Hills: Tokyo's First Unbound Collection by Hyatt

The 1st floor and 11th to 14th floors will be home to the Hotel Toranomon Hills with 205 guest rooms including standard rooms measuring about 27m² to 34m². The hotel brand is “The Unbound Collection by Hyatt,” which will be making its debut in Tokyo as a part of “Independent Collection.”

It will serve as an “urban living room of Toranomon” welcoming a variety of guests with its restaurant, cafe and lounges open to the city.

All food and beverage experiences in the hotel‘s café and restaurant will be supervised by Sergio Herman,. Herman is a native of the Netherlands and longtime Michelin-starred chef and this will be his first foray into Japan.

World-leading Architects, Designers and Artists

• Design: Shohei Shigematsu (OMA)

The Design of Toranomon Hills Station Tower is OMA’s first large-scale architectural project in Tokyo.
Its design is based on ”THE ACTIVITY BAND” concept, or urban axis running from Shintora-dori Avenue to the Akasaka/Toranomon area, creating a symbolic place for people to gather and interact along the axis.

• Hotel Design (interior): Space Copenhagen

The hotel interior design is by Space Copenhagen, a Denmark Interior design firm, which will be their first interior design in Japan.

Multiple Global Environmental Certifications Received

Toranomon Hills area received preliminary Platinum certification, the highest rank in the LEED program’s ND category.

Station Tower’s offices and retail facilities have received preliminary Platinum certification in the BD+C:CS category and WELL preliminary certification and are expected to earn top Platinum certification once completed. It is Japan’s second largest precertified property, following the Azabudai Hills.

In addition, Station Tower will be 100% powered by RE100-compliant renewable energy from the time of its completion.

International Media Inquiries
Saori Asano
Public Relations, Mori Building Co., Ltd.
Tel +81 (0)3 6406 6606
Fax +81 (0)3 6406 9306
E-mail This email address is being protected from spambots. You need JavaScript enabled to view it.

Weber Shandwick Japan
Reina Matsushita (tel: +81 (0)80 2375 0295)
Mayuko Harada (tel: +81 (0)90 9006 4968)
Masashi Nonaka (tel: +81 (0)80 1037 7879)
E-mail This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss fourth quarter and full year results.

A listen-only webcast of the call and accompanying slide presentation will be available at www.cheniere.com. After completion of the webcast, a replay will be available on the Cheniere website.

About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (“LNG”) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum (“mtpa”) of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission.

Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings 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 or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan. Although Cheniere believes 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. Cheniere’s 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 Cheniere’s periodic reports that are filed with and available from 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 under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Cheniere Energy, Inc.

Investors
Randy Bhatia, 713-375-5479
Frances Smith, 713-375-5753

Media Relations
Eben Burnham-Snyder, 713-375-5764

Digital automation technologies will play key role in $6 billion QatarEnergy and Chevron Phillips Chemical project

DOHA, Qatar--(BUSINESS WIRE)--Global software and engineering leader Emerson (NYSE: EMR) will provide automation technologies, software and analytics for the Ras Laffan Petrochemical Complex in Qatar as part of a consortium with Viasat Energy Services, a division of global communications company Viasat (NASDAQ: VSAT). The $6 billion integrated polymers project, a joint venture between QatarEnergy and Chevron Phillips Chemical, is currently under construction and scheduled to go online in late 2026.

The project is QatarEnergy's largest investment ever in the country’s petrochemical sector. The complex will include an ethane cracker with a capacity of 2.1 million tonnes of ethylene per year, making it the largest ethane cracker in the Middle East and one of the largest in the world, as well as two high-density polyethylene derivative units with a total capacity of 1.7 million tonnes per year.

"We are honored to have been selected as the lead automation contractor for such an important undertaking," said Vidya Ramnath, president of Emerson's Middle East & Africa business. "Emerson has been working with QatarEnergy for several years and we are proud to support the company's long-term vision. Our advanced automation and analytics solutions will play a key role in the safe and efficient operation of this world-class facility."

“Viasat Energy has a long history of supporting world-class energy projects in Qatar,” added Lee Ahlstrom, president of Viasat Energy Services. “We look forward to working with Emerson and our end customers to enable the network infrastructure for one of the largest and most technically advanced petrochemical facilities in the world.”

Emerson will deliver integrated process control and safety systems that leverage advanced predictive technologies to reduce operational complexity and minimize project risk through its DeltaV™ distributed control system and Rosemount™ gas analyzer solutions. Viasat will design and provide an integrated telecommunications infrastructure for the entire Ras Laffan facility.

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About Emerson
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.

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Denise Clarke
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