Business Wire News

ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc., (OTCQB: CRTG) (the “Company”) is proud to announce that Dr. Ramez Elgammal, Vice President of Technology at The Coretec Group, has been selected to present at the AVS 21st International Conference on Atomic Layer Deposition (ALD 2021) featuring the 8th International Atomic Layer Etching Workshop (ALE 2021) taking place next month.


The ALD/ALE conference is globally recognized in the industry as the premier event for sharing state of the art developments and is widely attended by semiconductor companies and supporting partners, including specialty gas and equipment suppliers. Dr. Elgammal’s abstract was accepted because of his exceptional knowledge in innovative ways of producing high purity silicon films at low temperatures using engineered silicon molecules.

Dr. Elgammal’s abstract: Routes to Novel Dielectric and Semiconductor Devices Using Cyclohexasilane is scheduled for Monday, June 28, 2021, 1:00 PM EST as part of Session: AF1: Precursors and Chemistry: Precursor Design, New Precursors, Process Development.

"I’m honored to have been selected to share our vision of cyclohexasilane’s potential as a preeminent silicon precursor for use in Atomic Layer Deposition processes that are used in the manufacturing of microelectronic devices. Given both the need and demand for better performing silicon and silicon dielectric-based devices, we expect our Cyclohexasilane to offer great improvements in manufacturing and performance over incumbent silicon precursors,” said Dr. Elgammal.

Dr. Ramez Elgammal is a Senior Research Associate at the University of Tennessee where he manages a broad spectrum of projects in energy storage and energy generating devices including fuel cells, flow batteries, and lithium-ion batteries. He has over 40 publications and conference proceedings and 7 patents pending. Dr. Elgammal earned his M.Sc. in applied physics and Ph.D. in chemistry at the California Institute of Technology (Caltech) as a Rosen Fellow, and holds an honor’s B.S. in chemistry from Central Michigan University where he was a Centralis Scholar.

About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.

For more information, please visit www.thecoretecgroup.com. Follow The Coretec Group on Twitter and LinkedIn.

Forward-Looking Statements:
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.


Contacts

Corporate contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833

Media contact:
The Coretec Group, Inc.
Allison Gabrys
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+1 (866) 916-0833

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announced today that its wholly owned subsidiary, Gemma Power Systems (”Gemma”), recently entered into an engineering, procurement and construction (“EPC”) services contract with CPV Maple Hill Solar, LLC, an affiliate of Competitive Power Ventures, Inc. (“CPV”), to construct the Maple Hill Solar facility, which will be among the largest solar-powered energy plants in Pennsylvania. Gemma also received Notice to Proceed with project activities immediately. Project completion is scheduled to occur during the second half of 2022.


“CPV is a valued customer, and we are pleased with the opportunity to continue our relationship by providing a turn-key solution in the alternative energy space.” said Colin Trebilcock, President of Gemma Power Systems. “This large, utility scale, electrical power generating facility will be erected on a 480-acre site and will provide Gemma with another opportunity to utilize the skills and experience of Pennsylvania craft labor which has successfully supported Gemma on past projects.”

The unique Maple Hill Solar project will be constructed using over 235,000 photovoltaic modules to generate approximately 100 megawatts of electrical power. Located in Cambria County on previously cleared timber property, the Maple Hill facility will avoid the release of over 100,000 tons of CO2 into the atmosphere per year by displacing older, less efficient generation and will add to the clean energy mix in the Commonwealth. The project will employ 250-400 workers at peak construction and will bring significant local tax benefits to the area.

“The Maple Hill Solar project will be our first renewable generation project with Gemma Power Systems who we have enjoyed a strong working relationship with for more than a decade,” said Gary Lambert, CPV CEO. “CPV values Gemma’s construction execution expertise in the power industry. We are confident that working together we can successfully complete this project as we look to fulfill our mission of reducing the carbon emissions of our energy supply during the ongoing energy transition without compromising reliability.”

“This project is a demonstration of our real commitment to provide EPC services to customers in the renewable energy space. We are particularly pleased that the owner of this project is CPV, a long-time customer of our core gas-fired power plant construction business, with whom we share several recent and significant power plant project successes like the CPV Towantic Energy Center,” said Rainer Bosselmann, Argan’s CEO. “As the U.S. electricity grid continues to evolve with the goals of reducing emissions while maintaining its reliability, our teams continue to focus on providing our customers with proven EPC services today for the construction of power plants that will contribute to a better tomorrow.”

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings have focused on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and the Company’s future financial performance is subject to risks and uncertainties including but not limited to the successful addition of new contracts for gas-fired as well as renewable energy projects to backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains, and the Company’s success in minimizing the adverse impacts of the COVID-19 pandemic on the Company’s businesses. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the number of factors described from time to time in the Company’s SEC filings. In addition, reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings.


Contacts

Company:
Rainer Bosselmann
301.315.0027

Investor Relations:
David Watson
301.315.0027

Bringing high-volume battery manufacturing expertise to leadership team

SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or “QuantumScape”) today announced the appointment of Celina Mikolajczak as Vice President of Manufacturing Engineering. In this role, Mikolajczak will lead the transition of the company’s tools and manufacturing processes from research and development to production. One of her primary projects will be helping deploy high-throughput continuous-flow processes at QS-0, QuantumScape’s pre-pilot line facility in San Jose. QS-0 will feature a high-automation line capable of building over 200,000 cells per year for use in electric test vehicles.


I’m delighted to join QuantumScape at this time in its journey,” said Mikolajczak. “Having served on QuantumScape’s board of directors, I have seen first-hand the depth of its technology and team. I look forward to now working directly with the team to help bring this technology into mass production. I can’t think of a more inspiring project I could be working on right now.”

Mikolajczak has a strong background leading highly sophisticated cell engineering and battery manufacturing functions for prominent organizations, including Tesla Motors and Uber. She joins QuantumScape from Panasonic Energy of North America, where she played an integral role in scaling some of the leading battery technologies fueling today’s electric vehicle revolution as VP of Engineering & Battery Technology.

We are thrilled to have a leader of Celina’s caliber join the company to help industrialize our technology,” said Jagdeep Singh, CEO and co-founder of QuantumScape. “Celina is not only a battery technology expert, having spent virtually her entire career at leading battery-related companies, but has a profound understanding of what it takes to scale up battery production. There’s no better person I can think of to run manufacturing engineering at this stage in our growth.”

Mikolajczak joins Clayton Patch, who recently started as Vice President of Manufacturing. Patch has extensive experience with high-volume process-oriented manufacturing, having run fab operations and advanced development at Micron Technology, Inc. and IM Flash – a joint venture between Micron Technology and Intel Corporation.

As part of the transition to the company’s leadership team, Mikolajczak is resigning her seat on the QuantumScape Board of Directors, effective immediately.

About QuantumScape Corporation

QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company’s mission is to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.

Forward-Looking Statements

The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells and building out of QS-0, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the QuantumScape’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 7, 2021 and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.


Contacts

For Investors
John Saager, CFA
Head of Investor Relations
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For Media
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  Vanderbilt University, DRW, and TPG Among First Supporters to Help Climate Vault Remove More Than 200,000 Metric Tons of CO2 at the Start

Founded at The University of Chicago by Prof. Michael Greenstone and Team of Leaders, Ernest Moniz Chairs Climate Vault’s ‘Technology Experts Chamber’

CHICAGO--(BUSINESS WIRE)--#climatevault--Amid mounting evidence that climate change threatens current and future generations, Climate Vault, a non-profit founded at the University of Chicago by a team led by economist Prof. Michael Greenstone, today unveiled a new solution for carbon reduction using government-regulated markets. Climate Vault’s innovative solution will shorten the timeline for individuals and organizations seeking to reduce their emissions. Climate Vault’s mission is to significantly reduce CO2, one of the leading causes of climate change, while supporting the innovation in carbon removal technologies designed to eliminate historical CO2.


Climate Vault is an antidote to the frequent credibility problems and opacity of voluntary offset programs. The approach leverages the power of government regulated compliance markets by purchasing and ‘vaulting’ carbon permits, preventing polluters from using them. In addition, Climate Vault will help create the world’s first ecosystem for carbon dioxide removal (CDR) technologies by providing grants that spur innovation in those technologies to help make them viable and cost effective.

“Our response to the climate challenge will define our generation. Climate Vault provides a unique way for supporters, both individuals and organizations, to achieve verifiable and measurable carbon reduction whether it be through reducing their own footprint or truly making their investment portfolios ESG forward. And in so doing, supporters can jumpstart the innovation that our children and the planet need,” said Michael Greenstone, Co-founder of Climate Vault and Milton Friedman Distinguished Service Professor in Economics at the University of Chicago. “It is very much part of the University of Chicago’s long tradition of identifying ways that can be used to solve critical social problems.” Greenstone previously served as the Chief Economist for President Obama’s Council of Economic Advisers, where he co-led the original development of the United States Government’s social cost of carbon.

“UChicago recently increased its greenhouse gas reduction goals for the current decade, focused on areas where we can demonstrate a positive financial return on investment, while simultaneously reducing our campus emissions. Climate Vault will help us create a low cost off-campus benchmark to evaluate initiatives that may further reduce our greenhouse gas emissions and is an important piece of our overall emission reduction efforts,” said Ivan Samstein, Vice President and Chief Financial Officer at the University of Chicago. “We are proud to partner with Climate Vault as a means within our broader portfolio to continue our efforts to dramatically reduce our carbon footprint.”

Climate Vault Co-Founders

Greenstone and a team of leaders developed the vision and model for Climate Vault, with foundational support from the University of Chicago, as part of the university’s path to carbon neutrality. The founders include:

  • Dr. Michael Greenstone, Milton Friedman Distinguished Service Professor in Economics at the University of Chicago; Former Chief Economist for President Obama
  • Don Wilson, Founder & CEO of DRW
  • Bala Srinivasan, Senior Advisor to the President, the University of Chicago
  • Andrew Dailey, Managing Director of MGI Research

“It’s been incredibly rewarding to develop market-driven approaches to spur innovation to mitigate one of today’s most pressing problems: climate change,” said Don Wilson, Founder and CEO of DRW. “Climate Vault enables entities to become carbon neutral TODAY in a regulated, transparent manner. As we vault credits, we also support innovators to develop carbon capture technologies with grants. This full cycle approach is a differentiator and is something I am particularly enthusiastic about.”

Climate Vault First-Movers

Climate Vault’s early supporters are industry leaders that view the Climate Vault solution as a key part of a verifiable, transparent and impactful carbon reduction strategy.

These supporters have enabled Climate Vault to initially reduce more than 200,000 metric tons of carbon at the non-profit’s official launch, surpassing more than five percent of the total CO2 saved by all Tesla vehicles to date in the US.

Climate Vault has worked closely with supporters, including academic and business leaders like Vanderbilt University and DRW to help them achieve carbon neutrality today, and collaborating with global financial firm, TPG, as well:

“We’re strengthening our commitment to sustainability through support of Climate Vault’s new, innovative solution. Through our collaboration, Vanderbilt is the first member of the Association of American Universities (AAU) to achieve carbon neutrality now, decades ahead of our initial goal,” said Daniel Diermeier, Chancellor, Vanderbilt University.

“We greatly admire Climate Vault’s innovative and transparent approach and are leveraging this solution as part of our toolkit to offset our firm’s carbon footprint,” said Maryanne Hancock, CEO of TPG’s Y Analytics. “We see this type of innovation, as well as Climate Vault’s support for carbon removal technologies, as an important part of the evolution toward the quality, credible, and impactful solutions that our planet needs.”

Additional Climate Vault supporters include the University of Chicago, Swarthmore College, Verger Capital, Rhodium Group, Newmarket Capital, Rootstock, Pluribus Labs, EJM Associates, and Adkindred. Cleary Gottlieb also provided continued pro bono legal support to launch Climate Vault and serve its mission.

Climate Vault Technology Experts Chamber

To foster new and tangible carbon removal technologies, Climate Vault convened a Technology Experts Chamber to assess, evaluate, and measure impact. The Chamber is chaired by Former U.S. Secretary of Energy, Ernest Moniz, with the industry’s top minds in CO2 removal, energy, and policy. The members include:

  • Ernest J. Moniz, Chair, Technology Experts Chamber; Former US Secretary of Energy 2013-17
  • Cathy Woteki, Distinguished Institute Professor, Biocomplexity Institute, UVA; Former Under Secretary USDA
  • John Deutch, emeritus Institute Professor, MIT Dept. of Chemistry; Former Under Secretary Department of Energy
  • Stephen Pacala, Frederick D. Petrie Professor in Ecology & Evolutionary Biology, Princeton
  • Margaret Leinen, Vice Chancellor for Marine Sciences, Director of Scripps Institution of Oceanography and Dean of the School of Marine Sciences, UC San Diego
  • Sally Benson, Precourt Family Professor, Department of Energy Resources Engineering, School of Earth, Energy, and Environmental Sciences, Stanford University

“We are seeing a major shift in climate policy with the Biden Administration and in the political realities as well. Climate was a winning issue in the recent Presidential campaign, the U.S. public is ready for and wants change, and we need to innovate now for accelerated decarbonization,” said Ernest Moniz, Former Secretary of Energy and CEO of Energy Futures Initiative. “Getting to the Biden administration goal of net zero emissions by 2050 will be tough. Climate Vault offers an important way to facilitate greenhouse gas emissions reduction and innovation for legacy carbon dioxide removal from the atmosphere.”

Climate Vault Calculator

Climate Vault enables everyone to reduce carbon emissions from daily life, travel and even investments. Climate Vault offers an ‘Easy’ button to reach carbon neutrality today. The Climate Vault Calculator is here: https://climatevault.org/get-started/#/general-about-you.

About Climate Vault

Founded at the University of Chicago, Climate Vault is a non-profit that uses the power of compliance markets to reduce and eliminate carbon pollution. Its two-pronged approach 1) purchases and vaults pollution permits on cap-and-trade markets to prevent carbon pollution and 2) supports carbon dioxide removal (CDR) technologies to eliminate historical pollution to-date. Climate Vault works with climate-conscious individuals and organizations to help protect current and future generations from the harmful effects of climate change by providing an innovative solution to reduce carbon emissions today. Please visit www.ClimateVault.org to learn more about our approach, calculate your individual footprint, and help your organization or financial portfolio reach net zero. Join the climate conversation by following us on Facebook, Twitter, and LinkedIn.

Trademarks

All trademarks, service marks, and company names are the property of their respective owners.


Contacts

Press:
TJ Snyder
917.447.6120 m
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IRVING, Texas--(BUSINESS WIRE)--Medallion Pipeline Company, LLC (“Medallion”) announced today that it has launched a non-binding open season for its capacity that is leased on EPIC Crude Pipeline, LP’s crude oil pipeline system (“EPIC Pipeline”). The open season will start today May 24, 2021 at 9:00 a.m. Central Daylight Time and will close on June 25, 2021 at 4:00 p.m. Central Daylight Time.


Medallion leases 27,778 barrels per day of capacity from the Group 1 origin points on EPIC Pipeline, as defined in EPIC Pipeline’s rates and charges tariff filed with the Federal Energy Regulatory Commission (“FERC”) for delivery to the Corpus Christi and Ingleside destination points. EPIC Pipeline provides Medallion’s shippers with access to downstream markets, including crude oil export facilities at the Port of Corpus Christi.

In July 2019, Medallion held an open season seeking commitments from shippers interested in shipping on Medallion’s capacity that is leased on EPIC Pipeline. In response to the July 2019 open season, Medallion executed a transportation services agreement with a third-party shipper. Recently, that transportation services agreement was terminated and the committed capacity on Medallion’s leased capacity on EPIC Pipeline has become available again.

Accordingly, Medallion is holding the current non-binding open season to gauge shipper interest in, and to potentially re-contract, the available leased capacity on EPIC Pipeline for the remaining term of the original 2019 transportation services agreement. The terms and conditions of the transportation services being offered are substantially similar to those applicable to the 2019 committed shipper.

Bona fide prospective shippers may obtain copies of the open season documents upon execution of a confidentiality agreement with Medallion by contacting the representative listed below. Prospective shippers must execute a confidentiality agreement prior to delivery of these documents.

About Medallion

Medallion Pipeline Company, LLC is a Texas limited liability company. Medallion owns and operates a network of approximately 1,100 miles of crude oil pipeline located in Crane, Glasscock, Howard, Irion, Martin, Midland, Mitchell, Reagan, Scurry and Upton counties in the Midland Basin. The Medallion pipeline system consists of eight pipeline segments providing diversified market access to numerous downstream pipelines which interconnect with the Medallion pipeline at three major market hubs.


Contacts

Contact For Open Season Inquiries
Medallion Pipeline Company, LLC
909 Lake Carolyn Parkway, Suite 1600
Irving, Texas 75039
Attention: Jessica Williams
Phone: 469-912-2970
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Contact For Media Inquiries
Meredith Howard
Redbird Communications Group
Phone: 210-737-4478
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Pyrolysis Gas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.


The pyrolysis gas market is expected to grow at a CAGR of over 3% during the forecast period.

Companies Mentioned

  • KOYO KAIUN Co., Ltd
  • Axens
  • Chevron Phillips Chemical Company
  • Dow
  • Exxon Mobil Corporation
  • Haldia Petrochemicals Limited
  • HIP-Petrohemija
  • Jam Petrochemical Company
  • ONGC Petro additions Limited
  • Ras Laffan Olefins Company Limited
  • SABIC
  • Shell
  • Sud Chemie India Pvt Ltd

Key Market Trends

Growing Demand of Pyrolysis Gas from Benzene Processing

  • Pyrolysis Gasoline, a naphtha-range product with high aromatics content, is a by-product of ethylene production from ethane cracking.
  • Pyrolysis gas containing a significant amount of carbon dioxide, along with methane, may be used as a fuel for industrial combustion.
  • Pyrolysis gasoline can be blended with other hydrocarbons as a gasoline additive, or distilled in BTX process to separate it into its components, such as benzene.
  • Increasing the number of petrochemical plants in the world is anticipated to supplement the growth of the benzene processing segment in coming years.
  • Hence, owing to the above-mentioned factors, the application of pyrolysis gas from benzene processing is likely to dominate during the forecast period.

Asia Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for pyrolysis gas during the forecast period. The rising demand of pyrolysis gas from benzene processing and growing application as fuel in developing regions like China and India is expected to drive the demand for pyrolysis gas in this region.
  • The largest producers of pyrolysis gas are located in Asia Pacific region. Some of the leading companies in the production of pyrolysis gas are ONGC Petro additions Limited, Shell, SABIC, Exxon Mobil Corporation and Haldia Petrochemicals Limited among others.
  • China, the world's top crude oil importer, boosted its annual crude oil refining capacity by 3.4% in 2019 to 860 million tonnes, equal to 17.2 million barrels per day according to Chemical Industry Federation (CPCIF).
  • India's oil refining capacity amounted to 249 MMTPA (Million Metric Tonne Per Annum) in 2018-19 ranking India as the fourth largest in the world with some of the largest refineries located in the country.
  • Owing to the above-mentioned factors, the market for pyrolysis gas in the Asia-Pacific region is projected to grow significantly during the study period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand of Pyrolysis Gas from Benzene Processing

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Volatility in Price of Hydrocarbons

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Raw Pyrolysis Gasoline

5.1.2 Hydrogenated Pyrolysis Gasoline

5.2 Application

5.2.1 Benzene Processing

5.2.2 Aromatic Extraction

5.2.3 Feedstock of BTX Plant

5.2.4 Motor Fuels

5.2.5 Others

5.3 Geography

5.3.1 Asia-Pacific

5.3.1.1 China

5.3.1.2 India

5.3.1.3 Japan

5.3.1.4 South Korea

5.3.1.5 Rest of Asia-Pacific

5.3.2 North America

5.3.2.1 United States

5.3.2.2 Canada

5.3.2.3 Mexico

5.3.3 Europe

5.3.3.1 Germany

5.3.3.2 United Kingdom

5.3.3.3 France

5.3.3.4 Italy

5.3.3.5 Rest of Europe

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle-East and Africa

5.3.5.1 Saudi Arabia

5.3.5.2 South Africa

5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Increasing Sale of Automotive and Growing Utilization of Pygas in Motor Fuels

7.2 Other Opportunities

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


Contacts

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

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced it was awarded approximately $256,000 in funding from the Pennsylvania Department of Environmental Protection as part of the 2020 Alternative Fuels Incentive Grant (AFIG) Program. The grant will be used to demonstrate the economic and environmental benefits of renewable natural gas (RNG) and Ingevity’s adsorbed natural gas (ANG) vehicle platform with eight fleets throughout Pennsylvania. Representing the first use of ANG technology in the state, the AFIG award will cover half of the incremental cost to equip 28 Ford Super Duty F-250 trucks and Ford Transit vans with ANG technology and install complementary low-pressure fueling appliances for participants, as well as costs associated with data collection and analysis.


Ingevity’s grant proposal was supported by a majority of the state’s natural gas utilities, including Columbia Gas of Pennsylvania, National Fuel Gas, Peoples Natural Gas, Philadelphia Gas Works and UGI Corporation, as well as commercial partners such as Range Resources, Bloxdorf Contracting, Gateway Engineers and In City Farms. Participating fleets will cover the remaining 50% of the ANG vehicle upfit and fueling appliance costs.

This award represents an important endorsement of the ANG platform in Pennsylvania as an economically viable, sustainable fueling solution,” said David Newton, vice president, corporate strategy, at Ingevity. “This is a significant leap as we continue to demonstrate the benefits of RNG as a transportation fuel in fleets across the U.S. We remain focused on growing ANG awareness and adoption through additional grant and subsidy opportunities, fleet partnerships, and collaboration with OEMs to adapt ANG technology on future light-duty vehicle platforms. We are honored to be an AFIG recipient and look forward to working closely with these fleet partners.”

ANG technology is made possible by the unique characteristics of Ingevity’s Nuchar® FuelSorb™ hardwood-based activated carbon, reducing the onboard storage pressure of natural gas to enable a low-cost and more environmentally friendly natural gas fueling solution for light-duty trucks and vans that – when using RNG - Natural Gas Vehicles of America cites can lower greenhouse gas emissions by up to 125%. The participants included in Ingevity’s award join a growing number of U.S. natural gas utilities and commercial stakeholders investing in ANG-equipped vehicles, including SoCalGas, Atlanta Gas Light, Ozinga Energy and the City of Orlando.

Since 1992, Pennsylvania’s Department of Environmental Protection has awarded AFIG Program funding annually to novel alternative fuel solutions in an effort to incentivize municipalities, utilities and corporations to invest in innovative technology that benefits the environment and supports economic development.

Ingevity: Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,750 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.


Contacts

Caroline Monahan
843-740-2068
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Investors:
Bill Hamilton
843-740-2138
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DUBLIN--(BUSINESS WIRE)--The "Crude Oil Flow Improvers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.


The market for crude oil flow improvers is expected to grow at a CAGR of about 5% globally during the forecast period.

Companies Mentioned

  • Alberta Treating Chemicals Limited
  • Ashland
  • Baker Hughes
  • BASF SE
  • Croda International Plc
  • Dorf Ketal
  • Dow
  • Halliburton
  • Innospec
  • Oil Flux
  • PRODUCTION CHEMICAL GROUP
  • Schlumberger Limited
  • The Zoranoc Oilfield Chemical

Key Market Trends

Growing Demand for Paraffin & Asphaltene Inhibitors

  • Crude oil flow improvers are widely used in oil & gas industries and are expected to grow rapidly during the forecast period.
  • Paraffins made of long-chain hydrocarbons, naturally occur in crude oil inhibit the free flow of crude oil thereby increasing power consumption, decreasing the efficiency of pumps, and their lifetime. Paraffin inhibitors help in preventing the deposition of wax on the surface on pipelines, wellbores, and during processing. They alter the wax appearance temperature thereby improving flow and are often referred to as pourpoint dispersants or cold flow improves.
  • Asphaltene occurs in heavy crude oils. The changes in pressure and temperature during extraction or transportation in a pipeline make the existing asphaltenes (tar) to precipitate into black rock type deposits which affects the flow by creating a choke point. Asphaltene inhibitors help in preventing agglomeration and precipitation of asphaltenes in the pipelines.
  • Crude oil flow improvers help in the free-flowing of crude oil products, asphalt-crude, and multiphase systems. The global petroleum and other petroleum-based liquids consumption are at 100.75 million barrels per day in 2019 from 99.97 million barrels per day in 2018, which shows an increase of about 284.7 million barrels per year and is expected to grow during the forecast period.
  • However, due to unprecedented conditions arisen due to the COVID-19 outbreak the consumption of oil & gas will be down by at least 5 million barrels per day due to lockdown in various countries and shut down of travel, tourism, e-commerce, and restaurants are likely to affect the consumption in 2020.
  • The growing urbanization and increasing demand for crude oil-based products are expected to drive the market for the crude oil flow improvers during the forecast period.

Middle-East Region to Dominate the Market

  • The Middle-East region is expected to dominate the market for crude oil flow improvers during the forecast period due to an increase in demand from countries like Saudi Arabia, Iraq, and the United Arab Emirates.
  • Crude oil contains long-chain hydrocarbons that decrease the pressure drop for the same flow rate and thereby increase the pipeline flow using the same amount of energy. Crude oil flow improvers include drag-reducing agents, scale, paraffin, asphaltene, hydrate, biocide, hydrogen sulfide, iron sulfide, foam inhibitors, etc., which improve flow efficiency.
  • Saudi Arabia is the second-largest producer of crude oil in the world after the United States and has the second-largest crude oil reserves after Venezuela. As per the Organization of Petroleum Exporting Countries (OPEC), 64.5% of the OPEC crude oil reserves which account for 79.6% of total world reserves are present in the Middle-East region.
  • In 2019, Saudi Arabia oil production is at 11.79 million barrels per day, Iraq is at 4.75 million barrels per day, and the United Arab Emirates is around 3.99 million barrels per day. The growing use of crude oil-based final products in energy generation, automobiles, industries, etc., is expected to drive the market.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for crude oil flow improvers market in the Middle-East during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand For Paraffin & Asphaltene Inhibitors

4.1.2 Increasing Demand for Petroleum Based Products

4.2 Restraints

4.2.1 Stringent Environmental Regulations

4.2.2 Unfavourable Conditions Arising Due to the COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing Demand from Emerging Economies

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


Contacts

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Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Austin Harbour as a managing director within the energy and power investment banking group. He will be focused on oilfield services and equipment and will be based in the firm’s Houston office.


Harbour brings more than 10 years of experience in the oilfield services and equipment sector. He has advised on some of the largest M&A and restructuring transactions in the space and served in various financial and strategic management roles. He was previously with Piper Sandler from 2012-2014. Prior to re-joining the firm, Harbour was the chief financial officer of Superior Energy Services’ NAM business. Prior to that, he was a director in the energy group at Lazard Freres & Co. LLC. Harbour earned a bachelor’s degree in business management from Texas Christian University and a Master of Business Administration from the Mays Business School at Texas A&M University.

“We are excited to welcome Austin back to the firm as we continue to grow the depth and breadth of our team,” said Sanjiv Shah, global co-head of energy and power investment banking at Piper Sandler. “Austin brings specialized industry knowledge and deep relationships that will benefit our clients.”

Piper Sandler’s energy and power investment banking group services domestic and international clients across several subsectors including renewables and clean energy, energy and power infrastructure, energy technology, oilfield services and equipment, midstream and downstream and upstream. Earlier this month, the firm welcomed Robert Sternthal to broaden its renewables and clean energy platform. With the additions of Harbour and Sternthal, the broader energy and power team is now comprised of 19 managing directors.

ABOUT PIPER SANDLER
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates.

Follow Piper Sandler: LinkedIn | Facebook | Twitter

©2021. Since 1895. Piper Sandler Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036


Contacts

Pamela Steensland
Tel: 612 303-8185
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Anker selects zero voltage switching InnoSwitch4-CZ ICs with PowiGaN technology for new ultra-compact 30, 45 & 65 W USB-C Nano II charger series

SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced the InnoSwitch™4-CZ family of high frequency, zero voltage switching (ZVS) flyback switcher ICs. InnoSwitch4-CZ devices incorporate a robust 750 V primary switch using Power Integrations’ PowiGaN™ technology and a novel high frequency active clamp flyback controller to facilitate a new class of ultra-compact chargers suitable for phones, tablets, and laptops. The first consumer devices based on InnoSwitch4-CZ devices were introduced earlier today by Anker, the global charging experts for mobile devices, through a YouTube Live event which can be accessed here.



Balu Balakrishnan, CEO of Power Integrations said: “The introduction of the InnoSwitch4-CZ family of ICs marks a significant milestone for GaN technology. PowiGaN switches, in conjunction with our active clamp solution – ClampZero™, enable a highly efficient design and an extremely compact form-factor. We’re pleased to have worked closely with the Anker team to bring this new class of mobile charger to market.”

Steven Yang, CEO at Anker added: "We are excited to work with Power Integrations as their exclusive launch partners for their InnoSwitch4 chipsets. The InnoSwitch4-CZ was a natural choice for Anker's new Nano II series of USB-C chargers. Its outstanding levels of integration and efficiency are key to the Nano II series’ extremely compact design.”

Note to editors: View a short video on the InnoSwitch4-CZ here.

The InnoSwitch4-CZ family incorporates 750 V switch, primary and secondary controllers, ClampZero interface, synchronous rectification, and safety-rated feedback in a single, compact InSOP-24D package. A steady state switching frequency of up to 140 kHz minimizes transformer size, further increasing power density. In contrast with older active clamp flyback approaches, the InnoSwitch4-CZ and ClampZero combination provides up to 95% efficiency and maintains very high efficiency across variations in line voltage, system load and output voltage. This is achieved with variable frequency asymmetrical control of the active clamp with intelligent zero-voltage switching, enabling both discontinuous and continuous conduction modes of operation, greatly enhancing design flexibility and maximizing efficiency across the entire operating envelope. The new flyback switcher ICs enable exceptional CV/CC accuracy, independent of external components, and consume less than 30 mW no-load including line-sensing safety and protection features.

Targeting high efficiency compact USB PD adapters, high-density flyback designs up to 110 W and high-efficiency CV/CC power supplies, InnoSwitch4-CZ ICs provide variable output voltage and constant current profiles. Devices are fully protected featuring auto-restart or latching fault response for output over-voltage and under-voltage protection, multiple output under-voltage fault thresholds and latching or hysteretic primary over-temperature protection.

Availability & Resources

A technical overview video of the InnoSwitch4-CZ and ClampZero devices is available here. The new InnoSwitch4-CZ ICs are priced at $3.85 per unit in 10,000-unit quantities. For further inquiries contact a Power Integrations sales representative.

About Power Integrations

Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information, please visit www.power.com.

Power Integrations, InnoSwitch, PowiGaN, ClampZero, and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.


Contacts

Media Contact
Diane Vanasse
Power Integrations
(408) 242-0027
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Press Agency Contact
Nick Foot
BWW Communications
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New partner program, “Charged by Delta-Q,” facilitates innovation and collaboration among the electric battery, charging and equipment sectors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Delta-Q Technologies (Delta-Q) today announced the launch of its new partner program, “Charged by Delta-Q” to provide battery and battery management system (BMS) manufacturers with the tools, brand association and access to pursue new opportunities with original equipment manufacturers (OEMs). The program allows battery partners to combine marketing efforts with Delta-Q and offers global OEMs access to a curated network of existing and compatible battery and charging solutions.


“Delta-Q’s compatibility program is an exciting opportunity for us to build our brand, establish deeper trust with customers, and grow our business,” said Lloyd Gomm, Vice President of Business Development with Delta-Q. “By signifying our compatibility with our battery partners, we’re able to expand our reach and showcase the true quality and reliability of our solutions to OEMs.”

The compatibility program was created to give OEMs confidence that the battery and charger combination will provide their electric products with best-in-class performance, prolonged battery life and maximum uptime. Through the program, OEMs can view tested algorithms and integrations with Delta-Q’s chargers and variety of batteries.

As part of the program, battery partners receive a “Charged by Delta-Q” marking for use on their products, packaging and marketing materials, which they can utilize as they look to grow their revenue streams and target new industries or regions that Delta-Q currently operates in. The logo signifies to OEMs that the battery or BMS was iteratively tested and validated with Delta-Q’s chargers and by its team of engineers. In addition, the program will allow the aftermarket to look for the “Charged by Delta-Q” mark on a battery or BMS during the replacement process.

“This program is an important milestone as we look to advance engagement and collaboration across manufacturers in the electric drive vehicle and industrial equipment sectors,” said Steve Blaine, Co-CEO and EVP of Engineering and Quality with Delta-Q. “Our compatibility program aims to help our battery partners leverage Delta-Q’s brand and global footprint to drive their business forward and enter new markets. We’re thrilled about the potential of this program and eager to see the innovations that result.”

Participating manufacturers will be included in a comprehensive table of product types on Delta-Q’s website.

To learn more about the program, visit https://hubs.ly/H0NTh1t0.

About Delta-Q Technologies

Delta-Q Technologies is charging the future and driving the world’s transition into electric energy! We collaboratively design, test, and manufacture robust battery chargers, that improve the performance of our customer’s electric drive vehicles and industrial machines. As the supplier of choice for Tier 1 OEMs, we use our values, perseverance, and engineering expertise to guide our customers through the electrification process for a sustainable world.

We are part of the Zapi Group of companies and headquartered in Vancouver, Canada. Delta-Q’s team and distribution spans across five continents to service industries such as electric golf cars, lift trucks, aerial work platforms, e-mobility, floor care machines, utility/recreational vehicles, and new markets, like outdoor power equipment.


Contacts

Amanda Yeo, Delta-Q Technologies
Marketing Manager
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AnnMarie Carson, Communiqué PR
Phone: (206) 282-4923 ext. 119
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Debt and tax equity financing closed for Aquamarine

Silicon Valley Power signs power purchase agreement with Aquamarine

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today that its Aquamarine, 250-megawatt solar photovoltaic project, part of the first phase of its Westlands Solar Park (WSP), will be fully operational by fall 2021 and is on track to meet its contracted delivery of 50-megawatts of capacity to Valley Clean Energy Alliance. Valley Clean Energy Alliance, which executed a contract with WSP in early 2020, is a locally-governed electricity provider for the California cities of Davis, Woodland, Winters and unincorporated portions of Yolo County.


“We believe Westlands Solar Park is ideally positioned to be a leader in California’s program to reduce the state’s carbon footprint and meet its Renewable Portfolio Standards targets. With Aquamarine advancing to full operation before year-end, we are realizing our vision for Westlands Solar Park to become a major clean energy provider as well as meeting a significant commitment in our company’s ongoing sustainability program,” said Avi Shemesh, Co-Founder and Principal, CIM Group. “With Aquamarine, and the future phases of Westlands Solar Park, we also are bringing clean energy jobs to the region and generating revenue for the local government and area businesses.”

CIM Group recently marked a significant milestone for the Aquamarine project, closing on debt and tax equity financing. Deutsche Bank was the lead arranger of the debt financing. “Deutsche Bank is excited to support CIM Group in its construction and operation of this first phase of the Westlands Solar Park. This is an important step towards our institutions’ shared goal to invest in sustainable and socially responsible projects. We look forward to continue working alongside CIM as they develop WSP and other projects beneficial to the energy transition,” says Jeremy Eisman, Head of Infrastructure & Energy Financing for Deutsche Bank in the Americas.

WSP has the opportunity to contribute to economic development in Central Valley communities by diversifying the region beyond agriculture and creating over 400 clean energy jobs, for both construction and operations, under a union labor agreement governing the entire project. WSP is also poised to generate direct and indirect revenue such as local taxes, purchasing and ancillary spending.

“Recently, we completed a new power purchase agreement with Silicon Valley Power which serves the City of Santa Clara. With the imminent completion of Aquamarine, we are in active discussions with numerous entities to supply the clean energy that is critical to meeting the short- and long-term goals for renewable energy – vital to improving communities,” noted Shemesh.

Aquamarine recently entered into a power purchase agreement (PPA) with the City of Santa Clara, CA (Silicon Valley Power) to sell renewable energy credits (REC) associated with 75 megawatts of capacity, joining other off-takers at WSP including Anaheim Public Utility, and is currently negotiating additional PPAs with other potential counterparties. Silicon Valley Power is the not-for-profit electric municipal utility of the City of Santa Clara.

WSP – scale and capacity

WSP is one of the largest permitted solar parks in the world, with the capacity to grow to more than 2,700-megawatts (2.7 gigawatts) of renewable energy at full buildout and with the potential to provide clean energy to more than 1,200,000 homes. The master-planned energy park encompasses more than 20,000 acres in California’s San Joaquin Valley in western Fresno and Kings Counties and is designed to open in phases to meet the needs of public and private utilities and other energy consumers. WSP has a completed and certified programmatic environmental impact report for the entire project and WSP is one of the few renewable energy zones identified as a Competitive Renewable Energy Zone (CREZ) thru the Renewable Energy Transmission Initiative (RETI) process.

WSP and environmental sustainability

CIM Group actively looks for opportunities to apply sustainable principles across its real asset portfolios, and at WSP, CIM is repurposing selenium-contaminated and drainage impaired farmland for the development of clean energy. In addition, WSP seeks to improve air quality in the San Joaquin Valley as the solar park doesn’t generate fine particular pollution which is a major contributor to the area’s historic poor air quality. WSP has garnered strong support from environmental communities including the Sierra Club, NRDC, Defenders of Wildlife, and the Center for Biological Diversity. The goal of CIM’s clean energy projects is to provide solutions to multiple policy objectives for the state of California’s renewable energy mandate including greenhouse gas reduction and carbon free energy.

CIM Group infrastructure and sustainable investment

Since its inception in 1994, CIM has focused on investing in real estate and infrastructure projects located in or serving densely-populated communities throughout the Americas. WSP, located in a designated Opportunity Zone as defined under the 2017 Tax Cuts and Jobs Act, is an example of CIM’s commitment to investing in sustainable assets across communities as well as investing in Opportunity Zones. CIM is a UNPRI signatory and its infrastructure projects have been recognized for sustainability by the California Organized Investment Network (COIN), a division of the California Department of Insurance.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.


Contacts

Karen Diehl
Diehl Communications
(310) 741-9097
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India Marks the Latest Addition as APM Terminals Continues Global Rollout of N4 Across its Terminal Network as Part of Technology Upgrade

OAKLAND, Calif.--(BUSINESS WIRE)--#Logistics--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced that APM Terminals successfully completed the latest implementation of N4 within its network of terminals – at the APMT Mumbai location. Also known as Gateway Terminals India (GTI), the facility joins the more than 30 other APMT sites leveraging N4 as the standard TOS and with the system in place, GTI is better equipped to provide significant enhancements in the interactive tools available to its customers while simultaneously driving efficiencies.


“The implementation of Navis N4 3.8 at GTI Mumbai was long overdue and a welcome milestone. The partnership between APM Terminals and Navis resulted in a virtually trouble-free implementation that will elevate our Mumbai terminal,” said Patrick Heilig, Head of Terminal Operations Systems at APMT. “By adopting our standard TOS GTI will gain numerous long-term advantages. It enables the sharing of best practices for improved efficiency; a foundation for deploying Navis’ advanced modules such as PrimeRoute; the development of in-house expertise that understands our customers and our business; centralized monitoring and support; and faster, cost-effective global development of front-end applications for customers.”

Located in the Nhava Sheva's Jawaharlal Nehru Port, across the bay of Mumbai, GTI Mumbai is India's busiest container terminal, handling more than 2 million TEUs annually. The implementation of N4 opens the door to new benefits including:

Better Visibility and Data Exchange: The implementation of N4 will enable a host of improved interfaces to help customers better engage with the terminal – including greater visibility into container tracking as well as truck turn times to enable better planning for container pick-up/drop-off. GTI Mumbai will also have the ability to share its data at the container level, via its API products, providing live information feeds to customers to support improved, real-time decision making.

Advanced Global Monitoring: N4 will also be integrated as part of an advanced, global application monitoring solution that is being rolled out across all of APMT’s locations. Capable of monitoring end-to-end performance, the solution can spot issues with performance before they start to negatively impact operations. This ensures business continuity, improves terminal efficiency, and safeguards consistency (peak moves per hour) by ensuring that applications consistently operate at the speed they’re supposed to. It will also prevent minor problems from combining to cause a major outage.

“Despite limitations brought on by the pandemic, APMT has not wavered in its commitment to roll out N4 to all of its terminals globally, with the goal of having one standardized TOS by the end of 2021,” said Charles Gerard, General Manager, APAC, at Navis. “We’re proud that N4 was selected as the critical technology component that will enable all APMT sites to meet their business objectives and deliver first-rate customer service and by taking advantage of the N4 toolbox, GTI Mumbai is now well equipped to deliver on the goals it has set for 2021 and beyond.”

To learn more, visit www.navis.com.

About Navis, LLC

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

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totaled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com


Contacts

Jennifer Grinold
Navis, LLC
T+1 510 499 7621
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Geena Pickering
Affect
T+1 212 398 9680
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Includes Tokyo’s First LEED ND Platinum Precertified Property and World’s Largest WELL Precertified Property

TOKYO--(BUSINESS WIRE)--Mori Building Co., Ltd., Japan’s leading urban landscape developer, announced today that major redevelopments the company is undertaking in Tokyo have been precertified under the prestigious LEED (Leadership in Energy and Environmental Design) and WELL (WELL Building Standard) rating systems that respectively certify environmentally friendly and efficient green buildings and people’s wellbeing.



The Toranomon-Azabudai Project and Toranomon Hills Area Project both received top Platinum-level LEED ND (Neighborhood Development, v.4) precertifications. The Toranomon-Azabudai and Toranomon Hills Area projects are respectively the first and second projects in Tokyo to be precertified Platinum in the ND category. LEED is the most widely used green-building rating system that evaluates and certifies buildings and cities worldwide for environmental performance in terms of water and energy efficiency, indoor environments and sustainable materials. LEED is managed by the U.S. Green Building Council (USGBC).

The A District of the Toranomon-Azabudai Project and the A-1 District of Toranomon Hills Station Tower (tentative name) received WELL (Core,v.2 Pilot) precertifications; the former is the world’s largest precertified property and the latter is Japan’s second largest precertified property. WELL is the world’s first performance-based system for measuring, certifying and monitoring features of the built environment that impact human health and wellbeing through air, water, nourishment, light, fitness, comfort and mind. WELL is also managed by the USGBC. Once completed, both projects are expected to obtain WELL Platinum certifications.

Mahesh Ramanujam, president and CEO of USGBC and also Green Business Certification Inc., which provides third-party credentialing and verification under the LEED, WELL and GRESB systems, said:
“Mori Building’s sustainability efforts and its LEED Platinum achievement are fine examples of how organizations can transform their communities by lowering carbon emissions, creating healthier environments and work towards a zero-carbon future. Through awarding advanced examples such as Mori building, we aspire to demonstrate how better buildings, better communities and better cities can help raise the living standard for all.”

Mori Building, based on its philosophy of “Create cities, nurture cities,” is committed to realizing a sustainable global society through the harmonious coexistence of cities and nature, low-carbon cities and truly enhanced health.

LEED ND Platinum Precertifications

The Toranomon-Azabudai Project was highly evaluated as a complex with diverse urban functions, a walkable urban center built with a central square, and also for its renewable-energy power supply. Toranomon Hills Station Tower was favorably assessed for its integration of public transportation, including the new subway station, and high-level energy efficiency.

In both projects, Mori Building’s emphasis on urban development in partnership with local landowners earned high marks in the ND category. Toranomon-Azabudai Project became Tokyo’s first project to earn a Platinum level in the ND category and Toranomon Hills Area Project quickly followed as the second such project. It is globally rare for complexes in urban business areas to receive Platinum-level precertification.

WELL Platinum Precertifications

The Toranomon-Azabudai Project’s A District and Toranomon Hills Station Tower (tentative name)’s A-1 District were highly evaluated as advanced urban redevelopments following the concept of each project, offering central squares with substantial greenery, indoor environments with excellent air quality through use of air conditioners equipped with high-performance filters, cafes serving healthful meals and layouts featuring central squares and elevated decks to promote exercise. Once completed, both projects are expected to obtain Platinum certifications.

The A District of the Toranomon-Azabudai Project is the world’s largest precertified property and the A-1 District of Toranomon Hills Station Tower (tentative name) is Japan’s second largest precertified property.

Reference: Toranomon-Azabudai Project
https://www.mori.co.jp/en/img/article/210524_2.pdf

About Toranomon-Azabudai Project
https://www.mori.co.jp/en/projects/toranomon_azabudai/ 

Toranomon-Azabudai Project Image Movie
https://www.youtube.com/watch?v=5akVE7tWOto&feature=emb_logo 

Reference: Toranomon Hills Area project
https://www.mori.co.jp/en/img/article/210524_3.pdf

About Toranomon Hills Area project
https://www.mori.co.jp/en/projects/toranomonhills_area/ 

Press releases:
https://www.mori.co.jp/en/img/article/190822.pdf
https://www.mori.co.jp/en/img/article/200610_1.pdf
https://www.mori.co.jp/en/img/article/210218_1.pdf 

About Mori Building

Mori Building is an innovative urban developer based in Tokyo. The company is committed to maximizing the magnetic power of cities by creating and nurturing safe, sustainable and cosmopolitan urban centers based on its unique Vertical Garden City concept of high-rise centers for business, education, leisure and residence. The concept is applied in the company’s many leading-edge projects, including ARK Hills, Roppongi Hills and Toranomon Hills in Tokyo and the Shanghai World Financial Center. Mori Building is also engaged in real estate leasing, project management and consultation. Please visit www.mori.co.jp/en


Contacts

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.

PG&E Has Requested CPUC Permission to Return Net Gain Realized on the Sale to Customers

Relocation to Oakland is Expected to Result in Substantial Long-Term Cost Savings

SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation and Pacific Gas and Electric Company (together, “PG&E” or the “company”) today announced an agreement to sell the company’s San Francisco headquarters complex, which includes 77 Beale Street and 245 Market Street, to Hines Atlas US LP, a Delaware limited partnership, for $800 million. In keeping with commitments PG&E made last year, the company is seeking California Public Utilities Commission (“CPUC”) approval to return the net gain realized on the sale to PG&E customers.

CBRE’s San Francisco Capital Markets team served as PG&E’s exclusive listing broker.

PG&E remains on track for a phased move into its new headquarters at 300 Lakeside Drive in Oakland, beginning in the first half of 2022. The move is part of PG&E's broader commitment to implement changes for the long-term benefit of its customers and communities. PG&E expects the move to Oakland to result in substantially lower headquarters costs over a long-term period.

“We are working hard every day to make fundamental changes at PG&E and become the utility our customers expect and deserve,” said PG&E Corporation Chief Executive Officer Patti Poppe. “We’ve made a commitment to keep customer costs as low as possible, and one way we’re following through on that is by selling non-core assets including real estate. This sale and relocation will achieve cost savings that directly help reduce customer bills. At the same time, it will give us an efficient and effective Bay Area workspace as we focus on delivering for all of the communities we serve.”

Under the terms of the sale agreement, the transaction closing is contingent on CPUC approval of the sale. PG&E will be proposing to the CPUC to distribute approximately $390 million to $420 million to customers resulting from the gain on sale over a five-year period to offset future customer rates. This offset would help moderate rate growth as the company continues to make significant safety and operational investments.

The new Oakland headquarters uses space more efficiently for PG&E's workforce and provides greater flexibility in its layout and density. Its design can both promote workplace health and safety and accommodate potential new working arrangements in a post-COVID-19 environment. In addition, commutes for most PG&E headquarters-based coworkers should be shorter and less impactful, with a majority living in the East Bay and with multiple transportation options serving the Lakeside Drive location.

“We’re so excited to deepen our ties to the wonderful Oakland community. As an economic and innovation hub for California, Oakland is the perfect place for PG&E to call our hometown,” continued Ms. Poppe.

PG&E also plans to consolidate two other East Bay satellite office locations—3401 Crow Canyon Road in San Ramon and 1850 Gateway Boulevard in Concord—into the new Oakland headquarters. This overall plan simplifies PG&E's Bay Area real estate footprint and further lowers its real estate costs for the benefit of customers.

This sale is consistent with PG&E’s focus on financial health and customer affordability and is not anticipated to have an impact on its 2021 equity needs. In addition, PG&E announced another strategic sale of non-core assets earlier this year: the $973 million sale of transmission tower wireless licenses to SBA Communications Corporation.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com. In this press release, they are together referred to as “PG&E.”

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and Pacific Gas and Electric Company, including but not limited to the sale of the San Francisco headquarters complex. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and Pacific Gas and Electric Company’s joint annual report on Form 10-K for the year ended December 31, 2020, their most recent quarterly report on Form 10-Q for the quarter ended March 31, 2021, and other reports filed with the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and Pacific Gas and Electric Company undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.


Contacts

Media Relations
415.973.5930

HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that Quintin V. Kneen, President, CEO and Director, will participate in a virtual fireside chat at the UBS Global Energy Virtual Conference on Tuesday, May 25, 2021, at 11:00 a.m. Central Time (12:00 p.m. Eastern Time). Supplemental corporate materials for the conference will be posted to the Company’s website the morning of Tuesday, May 25, 2021, and a link to the live webcast of the fireside chat will be available in the Investor Relations section of the Company’s website at investor.tdw.com.


Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with over 65 years of experience supporting offshore energy exploration and production activities worldwide. To learn more, visit www.tdw.com.


Contacts

Jason Stanley
Vice President ESG & Investor Relations
+1.713.470.5292
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The launch of the electric fleet was welcomed by the Councillor for Mobility and Transport of the Emilia-Romagna Region, Andrea Corsini, and the Mayor of Rimini, Andrea Gnassi


RIMINI, Italy--(BUSINESS WIRE)--Helbiz, a global leader in micro-mobility that is the business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), announced a partnership with Be Charge, a Be Power S.p.A. Group company dedicated to the deployment of charging infrastructures for electric mobility, to bring electric mobility to Rimini, Italy. Helbiz, which recently acquired MiMoto Smart Mobility S.r.l, the Italian leader in the scooter sharing market, will offer its innovative scooter sharing service across the city accompanied by Be Charge’s extensive charging network.

This initiative is part of a wide-ranging project that aims to develop and spread electric mobility in Emilia-Romagna, a region in which there are already over 1,200 Helbiz vehicles, including electric bikes and electric scooters. Fifty MiMoto electric scooters will be initially available to residents and visitors in the resort of Romagna across the city center and along the coast. Be Charge currently operates more than 370 recharging stations in Emilia-Romagna, of which 84 points are being activated in Rimini.

The city of Rimini is paving the way as an innovator and pioneer of electric mobility with MiMoto's electric scooters and Be Charge's charging stations. To underscore the technological spirit of Emilia-Romagna and the city of Rimini, the launch ceremony of this initiative was presided by the Councillor for Mobility and Transport, Infrastructure, Tourism and Commerce of the Emilia-Romagna Region, Andrea Corsini, accompanied by the Mayor of Rimini, Andrea Gnassi.

Both MiMoto and Be Charge share the core values of environmental sustainability and improving people’s lives through smart mobility and the sharing economy. Additionally, the two companies partnered with the Emilia-Romagna region and the city of Rimini, an area rich with the spirit of innovation that understood the importance of environmental sustainability and its global impact.

The partnership with Be Charge will also make it easier to rent vehicles throughout the territory and to offer value-added services. Among these services, there will be a seamless way to share during car recharging time, which takes the concept of intermodality to a new level in terms of efficiency and sustainability.

"Rimini was one of the first cities in Italy to invest in electric micro-mobility, serving as a point of reference in the country for the experimentation of new forms of sustainable mobility,” said the mayor of Rimini Andrea Gnassi. “Shared scooters are now a reality, and we will soon start with the experimentation of electric car sharing. Today, the launch of Mimoto and Be Charge services project Rimini to be among the most advanced Italian tourist destinations, with a wide range of transportation offerings for citizens and tourists. These services are part of a path that Rimini has been following for years, which sees prioritizing the environment and reclaiming urban spaces as strategic factors for the city’s economic development. Cities must emerge from the pandemic with less smog and fewer cars, more well-being and more space. Thanks to the courage of its choices, Rimini is already on this path."

"Our development plan is ambitious,” said Roberto Colicchio, Head of Business Development of Be Charge. “We plan to install about 30,000 charging points throughout Italy in the next 3-5 years that will provide 100% energy from renewable sources, for a total investment of over 150 million euros. We are already well on our way with over 3,500 charging points already installed and the same number already authorized. The role of municipalities remains central to enabling this development because, only with the collaboration of local authorities, can we build the charging infrastructure for electric vehicles needed in our country. Rimini is the perfect example of a city that has enabled the involvement and collaboration of different operators such as Helbiz and Be Charge to meet the mobility needs of citizens and tourists."

"We are extremely proud to arrive in Rimini for the summer of 2021,” said the three founders of MiMoto Alessandro Vincenti, Gianluca Lorio and Vittorio Muratore. "We are excited to bring our services to Romagna given our philosophy, which is characterized by sharing and sustainability that has an even stronger meaning in a seaside city like Rimini. Today, the MiMoto scooter sharing service has become strategic for moving around the city, contributing to the community and the municipal administration by acting as a support for both public and private transport."

The service is accessible to anyone who downloads the MiMoto app, available for iOS and Android. On the app, users can search for the nearest e-scooter and book the ride at a cost of 0.35 euros per minute, 14.90 euros per hour or 59 euros for the entire day. Each MiMoto scooter is approved for two passengers and comes with two helmets of different sizes in the top box, equipped with hygienic perfumers, disposable hygienic caps and a self-drying helmet foam for the safety of users.

To recharge at Be Charge recharging stations, users can download and register on the Be Charge app on iOS and Android. The app also enables users to view the map of all Be Charge charging stations in the area, check availability in real time and the type of socket of the various charging points, as well as the price in €/kWh delivered. The cost of the recharge will be directly charged to the credit card associated with the user's account. If the device is equipped with a navigator (Google Maps or Apple Maps), driving instructions are offered to reach the individual charging stations. Once the recharge is activated, it is possible to monitor its progress directly from the App. The call center is always available 24/7.

ABOUT HELBIZ

Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in over 30 cities around the world including Washington, D.C., Alexandria, Arlington, Atlanta, Jacksonville, Miami, Milan, Richmond and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz announced on February 8, 2021 it has entered into a merger agreement with GreenVision Acquisition Corp. (Nasdaq: GRNV) ("GreenVision") a SPAC, which, upon closing, will result in Helbiz becoming the first micro-mobility company listed on Nasdaq.

http://www.helbiz.com

ABOUT GREENVISION

GreenVision Acquisition Corp. is a special purpose acquisition company formed under the laws of the State of Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

ABOUT BE CHARGE

Be Charge is a company of Be Power S.p.A. Group dedicated to the diffusion of charging infrastructures for electric mobility. Be Charge is developing one of the largest and most capillary networks of public charging infrastructures for electric vehicles in Italy to make a decisive contribution to the development of a sustainable mobility system. Thanks to an internally developed and technologically advanced platform, Be Charge is able to offer an efficient recharging service to all owners of electric vehicles, and to recharge throughout the national territory. Within the sector supply chain, Be Charge plays both the role of manager and owner of the charging infrastructure network (CPO - Charge Point Operator) and that of charging and electric mobility service provider that interfaces with electric vehicle users (EMSP - Electric Mobility Service Provider). Be Charge's charging stations are in alternating current from 22 kW, and in direct current up to 300 kW. The industrial plan of Be Charge foresees the installation in the next years of about 30 thousand charging points that will supply 100% green energy, coming from renewable sources.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s or GreenVision’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of the Company or the stockholders of GreenVision or other reasons; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to GreenVision stockholder redemptions and the failure to obtain replacement financing; (v) the failure to meet projected development and production targets; (vi) costs related to the proposed transaction; (vii) changes in applicable laws or regulations; (viii) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (ix) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (x) the effect of the COVID-19 pandemic on the Company and GreenVision and their ability to consummate the transaction; and (xi) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. GreenVision's SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to GreenVision and Helbiz and speaks only as of the date on which it is made. GreenVision and Helbiz undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

Additional Information about the Transaction and Where to Find It

In connection with the proposed business combination, GreenVision filed a preliminary proxy statement with the SEC. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the definitive proxy statement and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., One Penn Plaza, 36th Floor, New York, New York 10019.

Participants in Solicitation

GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. Helbiz and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and the definitive proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the definitive proxy statement relating to the business combination when it becomes available.

Non-Solicitation

This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.


Contacts

For investor and media inquiries, contact:

COMMUNICATION & MEDIA RELATIONSHIP
Davide D’Amico - tel. +39 335 7715011 email: This email address is being protected from spambots. You need JavaScript enabled to view it.

USA
The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Agent of Change
Marcy Simon
Phone: +1 (917) 833-3392
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

ITALY
MY PR
tel. 0039 02 54123452
Giorgio Cattaneo - tel. +39 335 7053742 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Arianna Bonfioli - tel. +39 335 6111390 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Marcella Vezzoli - tel. +39 337 1313471 email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Helbiz Investor Relations
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COMUNICAZIONE & PR BE CHARGE
Alice Colombo - This email address is being protected from spambots. You need JavaScript enabled to view it. +39.349.3943044
SG-Company
Antonella Marautti - This email address is being protected from spambots. You need JavaScript enabled to view it. +39.339.7497551
Alfonso Rizzo - This email address is being protected from spambots. You need JavaScript enabled to view it. +39.348.2213296

Information:
Helbiz: http://www.helbiz.com
Be charge: https://www.bec.energy/

NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a fireside chat at the UBS Global Energy Virtual Conference on Wednesday, May 26, 2021, at 8:00 a.m. Eastern Time.


A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corporation’s website.

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

Cautionary Statements

This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.


Contacts

Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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Kevin Willis, formerly Vice President of Kiva Systems (now Amazon Robotics), joins American Robotics to oversee and build out the company’s sales team and accelerate revenue growth.



MARLBOROUGH, Mass.--(BUSINESS WIRE)--#Robotics--American Robotics, a leading commercial developer of fully-automated drone systems, today announced the appointment of Kevin Willis, former VP of Sales of Kiva Systems (now Amazon Robotics), as its Vice President of Sales. With over 30 years of leadership and sales experience, Willis is well suited to scale, develop, and manage American Robotics’ sales operations across industrial sectors such as energy, infrastructure, and agriculture. Willis has a strong track record of building and leading successful sales teams at early-stage technology companies. Willis will report directly to American Robotics’ CEO, Reese Mozer.

“I’m thrilled to join American Robotics and take on the opportunity to expand the sales team at such an important point in time for both the company and drone industry as a whole,” said Willis. “American Robotics’ success to date, including the industry's first and only FAA approvals that enable the operation of automated drones without human operators on-site, will unlock the capabilities and viability of drones in the commercial sector, and I am excited to come aboard during a period of rapid growth and success.”

Willis comes to American Robotics after a successful career scaling and optimizing sales teams at a number of enterprise technology companies. Willis was previously the Vice President of Sales at Austin-based Trilogy Software, where he played an instrumental role in driving the company to over $300 million in annual revenue.

Willis then joined Kiva Systems in North Reading, Massachusetts as the Vice President of Sales in the nascent robotics sector of warehouse automation. Willis was responsible for driving customer adoption, building a team, and revenue growth. Kiva was ultimately acquired by Amazon for $800 million. Willis also served as Vice President of Sales at Tamr, a Cambridge, Massachusetts-based big data startup, where he played a key leadership role in building a global sales team and delivering 2x year-over-year revenue growth.

“Kevin’s record of success and proven leadership skills will make him a true asset to the American Robotics team,” said Reese Mozer, CEO and co-founder of American Robotics. “We look forward to working with Kevin to bring the next generation of drone technology to market.”

In May 2021, American Robotics announced it had entered into a definitive agreement to merge with Ondas Holdings Inc. (NASDAQ: ONDS). With this acquisition American Robotics’ Scout System™ will be integrated into the Ondas FullMAX platform, a next-generation networking solution designed to enable enhanced data communications for mission critical operations. With Ondas FullMAX wireless technology integrated into an AR Scout System™, users in industrial markets can more widely deploy industrial drones for next-generation data requirements. Willis will play an integral role in bringing this combined technology to customers in the energy, infrastructure, and agriculture sectors.

To learn more about American Robotics and its Scout System drone, click here. For media assets, click here.

About American Robotics

Headquartered in Marlborough, MA, American Robotics is a commercial developer of the first FAA-approved fully-automated drone systems, providing ultra high resolution aerial data to enterprise customers. Through innovations in robot autonomy, machine vision, edge computing and AI, American Robotics has created the next generation of drone technology: a fully-automated robotic data platform capable of continuous, unattended operation. Using this technology, American Robotics provides enterprise customers with the ability to continuously monitor, digitize and analyze their assets in real-time. American Robotics was founded by Carnegie Mellon and Stanford roboticists with a shared vision for bringing robotic technology out of the lab and into the real-world to solve the world’s biggest business challenges. On May 17, 2021, American Robotics announced it had entered into a definitive agreement to merge with Ondas Holdings Inc. (NASDAQ: ONDS). To learn more about American Robotics, visit www.american-robotics.com and connect on Twitter and LinkedIn.


Contacts

Chelsea Higgins
BIGfish Communications for American Robotics
This email address is being protected from spambots. You need JavaScript enabled to view it.
617.713.3800

VALLEY FORGE, Pa.--(BUSINESS WIRE)--#June2021--UGI Corporation (NYSE: UGI) announced today that it will be hosting a Virtual Investor Day on June 21, 2021 from 1:00 p.m. to 3:00 p.m. ET. The day will feature presentations from UGI’s President and CEO - Elect, Roger Perreault, and other members of the senior management team, on the company’s strategic plan, investments in sustainable energy solutions and progress on its ESG goals.


Those interested in participating are invited to pre-register at https://ugiinvestorday.gcs-web.com/investor-day. A replay of the webcast and the slide presentation will be available after the meeting on UGI’s corporate website at https://www.ugicorp.com/investors/financial-reports/events-and-presentations.

INVESTOR DAY WEBCAST AND DIAL-IN DETAILS
Webcast Link:
https://onlinexperiences.com/Launch/QReg/ShowUUID=254DFE94-6DA4-4951-AFAA-E231ECBE6BC1
Toll-Free Attendee Dial-In: (833) 353-0413
International/Toll Attendee Dial-In: (720) 405-3208
Event Plus Passcode: 3736148

About UGI Corporation

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

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


Contacts

Investor Relations
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-992-3202

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