HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) has named Van H. Beckwith executive vice president, secretary and chief legal officer. Beckwith succeeds Robb Voyles who is stepping down after seven years with the Company. With this new role, Beckwith joins the Halliburton Executive Committee and assumes leadership of the Company’s Law Department, Global Communications & Marketing and Government Affairs.
“Van brings an extensive legal background and broad strategic leadership to Halliburton,” said Halliburton Chairman, President & CEO Jeff Miller. “He is a strong addition to our executive leadership team and a great leader for our Company’s legal and communications groups.”
Beckwith joined Halliburton last year from Baker Botts L.L.P. where he practiced law for almost 30 years. He was global chair of the firm’s Litigation Department and a member of its Executive Committee. Throughout 2020, Beckwith led the commercial law group and worked with Voyles to transition overall leadership responsibilities.
“Robb has been a trusted and strategic advisor to Halliburton and our Board of Directors, as well as a valued member of the Halliburton Executive Committee,” added Miller. “He established a standard of excellence for our legal and communications departments that I am confident Van will continue.”
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
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External Affairs
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MELVILLE, N.Y.--(BUSINESS WIRE)--January 4, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, its Orlando, Florida-based subsidiary, Comtech Systems, Inc., which is part of Comtech’s Government Solutions segment, was awarded a $2.7 million order from a major international oil and gas company. Comtech is to provide the first over-the-horizon system for a floating liquefied natural gas facility (“FLNG”), utilizing Comtech Systems’ software-defined CS67PLUS radio/modem.
Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp., stated, “We are extremely pleased to deliver our CS67PLUS, the most advanced troposcatter radio/modem in the marketplace, as part of this advanced turnkey system. We look forward to continuing to work with our oil and gas customers on this and future opportunities.”
Comtech Systems, Inc. (www.comtechsystems.com) specializes in system design, integration, supply and commissioning of turnkey communication systems including over-the-horizon microwave, line-of-sight microwave and satellite.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
PCMTL
Media Contact:
Michael D. Porcelain, President and Chief Operating Officer
631-962-7000
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WOODSIDE, Calif.--(BUSINESS WIRE)--Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVAU, the “Company”) today announced that, commencing on or about January 4, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade the shares of common stock and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on The Nasdaq Capital Market (“Nasdaq”) under the symbols “RSVA” and “RSVAW,” respectively. Those units not separated will continue to trade on the Nasdaq under the symbol “RSVAU” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of common stock and warrants.
Oppenheimer & Co. Inc. acted as the sole book-running manager for the offering. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Rodgers Silicon Valley Acquisition Corp.
Rodgers Silicon Valley Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s mission is to provide fundamental public technology investors with early access to an excellent Silicon Valley technology company with a focus on green energy, electrification, storage, Smart Industry (IoT), Artificial Intelligence and the new automated-manufacturing wave.
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For investor and media inquiries, please contact:
In the United States:
The Blueshirt Group
Gary Dvorchak, CFA
Phone: (323) 240-5796
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DUBLIN--(BUSINESS WIRE)--The "Power Generation Construction Projects in Europe" report has been added to ResearchAndMarkets.com's offering.
For Europe as a whole, the project pipeline for wind power projects has the highest value, at US$251.5 billion, ahead of nuclear power projects, with US$246.8 billion. These dominate the pipeline, with wind power accounting for 39% of the pipeline by value, ahead of nuclear with a 34% share. The large shares in renewable and nuclear energy reflects the regional drive to lower greenhouse gas emissions in line with the Paris Agreement.
This report provides a detailed analysis of power generation construction projects in Europe, based on projects tracked.
Scope of the report:
Key report benefits:
Key Topics Covered:
1. Overview
2. Project Analytics by Country
2.1 The UK
2.2 Poland
2.3 France
2.4 Turkey
2.5 Russia
2.6 Romania
2.7 Finland
2.8 Bulgaria
2.9 Ireland
2.10 Estonia
3. Construction
For more information about this report visit https://www.researchandmarkets.com/r/ykzop4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), intends to offer, subject to market conditions, $1.75 billion in aggregate principal amount of senior unsecured notes (collectively, Notes) in a private offering. EQM intends to use the net proceeds from the offering of the Notes to repay outstanding term loan borrowings, to purchase a portion of its outstanding indebtedness in tender offers with respect to several series of outstanding notes, which commenced on January 4, 2021, with a maximum aggregate principal amount of $350 million (the Tender Offers), and for general partnership purposes. In the event the Tender Offers are not consummated, or the net proceeds from the offering are otherwise in excess of the amount needed to fund the Tender Offers, EQM intends to use any remaining proceeds to repay certain of its outstanding indebtedness, including borrowings under its $3 billion credit facility, or to prefund capital expenditures and/or capital contributions to Mountain Valley Pipeline, LLC.
The offering of the Notes has not been registered under the Securities Act of 1933, as amended (Securities Act), or any state securities laws and, unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
Cautionary Statement Regarding Forward-Looking Information
Disclosures in this news release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act. Statements that do not relate strictly to historical or current facts are forward-looking. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” or “continue,” and similar expressions are used to identify forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements relating to the offering and the Tender Offers, including the expected timing thereof and the anticipated use of proceeds therefrom, as applicable. These statements involve risks and uncertainties that could cause actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ETRN and EQM have based these forward-looking statements on current expectations and assumptions about future events. While ETRN and EQM consider these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond ETRN’s and EQM’s control. The risks and uncertainties that may affect the operations, performance and results of ETRN’s and EQM’s business and forward-looking statements include, but are not limited to, those set forth in ETRN’s and EQM’s respective publicly filed reports with the Securities and Exchange Commission (the SEC), including those set forth under Item 1A, “Risk Factors” of ETRN’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by Part II, Item 1A, "Risk Factors," of ETRN’s subsequent Quarterly Reports on Form 10-Q filed with the SEC, and those set forth under Item 1A, “Risk Factors” of EQM’s Annual Report on Form 10-K for the year ended December 31, 2019 and under Part II, Item 1A, "Risk Factors," of EQM’s Quarterly Report on Form 10-Q for the three months ended March 31, 2020 filed with the SEC on May 14, 2020.
All forward-looking statements speak only as of the date they are made and are based on information available at that time. ETRN and EQM assume no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Analyst/Investor inquiries:
Nate Tetlow — Vice President, Corporate Development and Investor Relations
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Media inquiries:
Natalie A. Cox — Communications and Corporate Affairs
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BAAR, Switzerland--(BUSINESS WIRE)--Blackstone Resources AG (SWX: BLS) is pleased to announce:
Current Direct, a new research and innovation project funded by the European Commission’s Horizon 2020 program, will revolutionize the way we move goods and people by water. The vast majority of water transport in Europe is propelled by dirty, noisy diesel engines. By cutting the cost of today’s marine battery electric drivetrains in half and relieving ship owners of the burden of capital expense, Current Direct will enable rapid adoption to reduce greenhouse emissions by 482.000 MT of CO2 equivalents per year.
Current Direct’s innovative Energy as a Service platform will enable ship owners to accelerate their participation in the shift to clean energy while creating new business opportunities for shipyards and local entrepreneurs. By changing the model for acquiring and storing energy aboard vessels, Current Direct will create a new energy economy, adding thousands of new jobs. Current Direct provides a vehicle for energy companies, institutional investors, and government stakeholders to participate in the green transformation of Europe’s merchant and passenger fleet.
Current Direct brings together thirteen dynamic partners from across Europe’s marine electrification value chain. The project is led by Spear Power Systems, makers of the world’s lightest, most flexible marine batteries certified to the most stringent international safety standards. Blackstone Technology is lowering the cost of manufacturing tomorrow’s 3D printed lithium-ion cells using state of the art active materials from Umicore. The University of Hasselt will use its electrochemical expertise to develop physics-based models of the Current Direct cells that will help optimize the life and return on investment of battery systems deployed across Europe as part of the Current Direct Energy as a Service platform developed by the accomplished engineers and data scientists at Rhoé Urban Technologies and Aviloo. Naval architecture and marine engineering company Foreship will lend its expertise to EDP CNET’s in depth knowledge of electrical markets to ensure the Current Direct platform targets optimal vessels and locations maximizing reductions in emissions. VUB’s material science experts are creating low-cost composites to improve the safety of battery packs that are designed for recyclability and feature VITO’s smart cell monitoring electronics. Wärtsilä will develop modular battery containers and charging infrastructure that will be certified to innovative standards by Lloyd’s Register. The project will culminate in a demonstration of the Current Direct battery, shore charging, and asset management platform by Kotug in Rotterdam.
Vessel operators, ports, shipyards, naval architects, energy companies, certification bodies, regulators, and sustainability focused investors are invited to join us in a series of virtual workshops to share your ideas and learn about how Current Direct can change the way you do business. Contact This email address is being protected from spambots. You need JavaScript enabled to view it. to learn more.
Partner Websites:
Blackstone Technology: http://www.blackstoneresources.ch/
Spear: spearpowersystems.com
Umicore: umicore.com
University of Hasselt: https://www.uhasselt.be/
Rhoé Urban Technologies: https://rhoe.gr/en/index.html
Aviloo: aviloo.com
Foreship: www.foreship.com
EDP CNET: https://www.edp.com/en/new-rd
VUB: vub.be
VITO: https://vito.be/en/subtheme/interfaces-electrical-storage
https://www.energyville.be/en/research/storage
Wartsila: wartsila.com
Lloyd’s Register: lr.org
Kotug: kotug.com
Blackstone Resources AG & Blackstone Technology GmbH
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug and is concentrating on the battery technology revolution and metals market. In addition, it sets up, develops and manages refineries used for gold and battery metals. It offers direct exposure to the battery technology and battery metals that is being driven by the demand of electric vehicles that need vast quantities of these metals. These include cobalt, manganese, molybdenum, graphite and lithium. Blackstone Technology GmbH is a 100% subsidiary of Blackstone Resources AG and produces cutting edge 3D printed battery cells in Saxony/Germany
For more information please visit www.blackstoneresources.ch
The disclaimer is an integral part of this press release. Please ensure you consult the disclaimer for a full understanding of the content within: http://www.blackstoneresources.ch/investors/disclaimer/
Partner background
About Spear Power Systems
Founded in 2014 by experienced energy storage entrepreneurs Jeff Kostos, President & CEO, and Dr. Joon Kim, CTO, Spear designs and manufactures safe, high performance energy storage systems (ESS) for clients with some of the world’s most demanding industrial and defense applications. Spear takes a chemistry independent approach towards integrating its in-house, designed, scalable electronics, software, and mechanical systems with the most application-appropriate chemistry in order to maximize the value for its clients. For more information, visit SPEARPOWERSYSTEMS.COM.
About Rhoé
Rhoé is an award-winning Greek technology startup that develops state-of-the-art products for the transportation and energy sectors. Rhoé’s in-house experts work with cities, businesses, and research institutions to help them bring cutting-edge products to market, cut down on red tape and drastically improve productivity.
About Aviloo
AVILOO is a start-up based in Austria that has developed the first independent State of Health battery test for Electric vehicles for which it has won major European research funding projects. AVILOO further provides sophisticated battery monitoring services for battery installations of all kinds. AVILOOs core technology consist of the AVILOO-Box, a high performing IoT Monitoring device, the AVILOO Battery Data Cloud Platform able to handle extremely large data sets and a deep data analytics and battery know how.
About Foreship
Foreship is an independent company specializing in ship design and engineering. Employing more than 100 naval architects, marine & structural engineers, interior & HVAC designers and electrical engineers, Foreship provides a complete range of solutions. Customers include the world's largest cruise lines as well as passenger, cargo and offshore shipowners, leading shipyards and maritime suppliers. For more information, visit: www.foreship.com
About EDP CNET
EDP CNET - Center for New Energy Technologies, founded in 2014, is a R&D Centre of the EDP Group aimed at creating possibilities to lead the energy transition. It is fully committed to research and development with a strong focus in technology demonstration projects. EDP CNET is organized in 5 knowledge areas each representing a crucial future innovation pillar for the EDP Group: Interoperable Smart Energy Grids, Positive Energy Communities, RES technologies, RES integration and Flexibility and Digital Energy. EDP CNET has carried out work in several R&D projects in all the energy value chain, most of them financed by the EU H2020, adopting an integrated and sustainable approach towards disruptive solutions that empower its partners and bring value to the shareholders.
About Vrije Universiteit Brussel
The research unit ‘Physical Chemistry and Polymer Science’ (FYSC, headed by H. Rahier) of the Vrije Universiteit Brussel is part of the Department ‘Materials and Chemistry’ (MACH) of the Faculty of Engineering. The research activities of FYSC are focused on '(molecular and supra-molecular) structure - processing - property' relations in polymers for developing materials with improved performance.
About Vito / Energy Ville
The Electrical Storage team of the unit on Sustainable Energy within VITO/EnergyVille (Belgium) has renowned expertise in the field of batteries, based on long-standing activities on battery testing, modelling and the development of advanced battery management system technology. VITO is well represented and embedded in both national and international battery projects and initiatives and is a member of the Batteries European Partnership.
https://vito.be/en/subtheme/interfaces-electrical-storage
https://www.energyville.be/en/research/storage
About Wärtsilä
Global leader in smart technologies and complete lifecycle solutions for marine and energy markets.
Blackstone Resources AG
Mrs. Doris Suta
T: +41 41 449 61 63
F: +41 41 449 61 69
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Investor Relations
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Media Enquires
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) will host a virtual Environmental, Social and Governance (ESG) event on Tuesday, Jan. 19, 2021 at 10 a.m. Eastern Time (9 a.m. Central Time).
Alan Armstrong, Williams president and chief executive officer, along with members of the Williams executive team, will discuss the company’s ESG performance, climate commitment and forward-looking strategy for sustainable operations.
A limited number of phone lines will be available at (833) 350-1330. International callers should dial (778) 560-2598. The conference ID is 7197292.
Presentation slides and a link to the live video webcast will be accessible at https://investor.williams.com the morning of Jan. 19. A replay of the ESG event webcast will also be available on the website for at least 90 days following the event.
To learn more about ESG at Williams visit: www.williams.com/esg.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
LONDON--(BUSINESS WIRE)--#apac--The Oil Spill Solutions market will register an incremental spend of about USD 17.05 billion, growing at a CAGR of 3.12% during the five-year forecast period. A targeted strategic approach to Oil Spill Solutions sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Download free sample pages
Key benefits to buy this report:
Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment
SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Oil Spill Solutions market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Insights into buyer strategies and tactical negotiation levers:
Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Oil Spill Solutions market. The report also aids buyers with relevant Oil Spill Solutions pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfill their category objectives.
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This oil spill solutions procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
This procurement report helps buyers identify and shortlist the most suitable suppliers for their oil spill solutions requirements by answering the following questions:
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (the Partnership), has commenced tender offers (each, an Offer and, collectively, the Offers) to purchase up to $350 million in aggregate principal amount (as such amount may be increased or eliminated by the Partnership pursuant to the terms of the Offers, the Aggregate Maximum Principal Amount) of its outstanding notes listed in the table below.
The terms and conditions of the Offers are set forth in the Partnership’s Offer to Purchase, dated January 4, 2021 (the Offer to Purchase).
The Offer to Purchase relates to two separate Offers, one for each series of notes (each series, a Series of Notes, and such notes, collectively, the Notes). The Partnership’s obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by the Partnership of a number of conditions, including the receipt by the Partnership of the net proceeds from one or more debt financing transactions on terms and in amounts reasonably satisfactory to the Partnership (the Financing Condition). No Offer is conditioned on any minimum amount of Notes being tendered or the consummation of any other Offer.
Notes |
CUSIP Numbers |
Principal Amount
|
Acceptance
|
Tender
|
Early Tender
|
Total
|
||||||
|
|
|
|
|
|
|
||||||
4.750% notes due 2023 |
26885B AD2 |
$1,100,000,000 |
1 |
$1,042.50 |
$30 |
$1,072.50 |
||||||
4.000% notes due 2024 |
26885B AA8 |
$500,000,000 |
2 |
$1,030.00 |
$30 |
$1,060.00 |
| ________________ | ||
(1) |
Per $1,000 principal amount of Notes validly tendered and not validly withdrawn and accepted for purchase. |
|
(2) |
Excludes accrued interest, which will be paid on Notes accepted for purchase as described herein. |
|
(3) |
Includes the Early Tender Premium (as defined in the Offer to Purchase) for Notes validly tendered at or prior to the Early Tender Deadline (as defined below) (and not validly withdrawn) and accepted for purchase. |
|
Each Offer will expire at 11:59 p.m., New York City time, on February 1, 2021, unless extended or earlier terminated (such time and date, as the same may be extended with respect to one or more Offers, the Expiration Date). Holders (as defined in the Offer to Purchase) of Notes must validly tender and not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on January 15, 2021 (such time and date, as the same may be extended with respect to one or more Offers, the Early Tender Deadline) in order to be eligible to receive the applicable Total Consideration, which includes the Early Tender Premium for the Notes of $30 per $1,000 principal amount of Notes tendered. Holders who validly tender their Notes after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the applicable Tender Consideration, as set forth in the table above. In each case, such Holders will also be entitled to receive accrued and unpaid interest, if any, from the last interest payment date for the applicable Series of Notes up to, but not including, the applicable Settlement Date (as defined below), if and when the applicable Notes are accepted for purchase. The Offers are open to all Holders of the Notes.
Tendered Notes may be withdrawn at or prior to 5:00 p.m., New York City time, on January 15, 2021, by following the procedures described in the Offer to Purchase, but may not thereafter be validly withdrawn, except as provided for in the Offer to Purchase or required by applicable law.
All Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a higher Acceptance Priority Level (as defined in the Offer to Purchase) will, subject to the Aggregate Maximum Principal Amount, be accepted before any Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline having a lower Acceptance Priority Level are accepted pursuant to the Offers, and all Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date having a higher Acceptance Priority Level will, subject to the Aggregate Maximum Principal Amount, be accepted before any Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date having a lower Acceptance Priority Level are accepted pursuant to the Offers. However, Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline will be accepted, subject to the Aggregate Maximum Principal Amount, for purchase in priority to other Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date, even if such Notes validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date have a higher Acceptance Priority Level than the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline. If the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline equals or exceeds the Aggregate Maximum Principal Amount, Holders of the Notes who validly tender and do not validly withdraw Notes after the Early Tender Deadline and at or prior to the Expiration Date will not have any such Notes accepted for payment regardless of the Acceptance Priority Level of such Notes, unless the Partnership increases the Aggregate Maximum Principal Amount. There can be no assurance that any or all tendered Notes of a given Acceptance Priority Level will be accepted for purchase.
If purchasing all the validly tendered and not validly withdrawn Notes of a given Acceptance Priority Level on the applicable Settlement Date would cause the Aggregate Maximum Principal Amount to be exceeded on such Settlement Date, the Partnership will accept such Notes on a pro rata basis, to the extent any Notes of such Acceptance Priority Level are accepted for purchase, so as to not exceed the Aggregate Maximum Principal Amount (with adjustments to avoid the purchase of Notes in a principal amount other than in the applicable minimum denomination requirements contained in the applicable indentures governing the Notes and integral multiples of $1,000 in excess thereof). As such, there can be no assurance that any or all tendered Notes of a given Acceptance Priority Level will be accepted for purchase, even if validly tendered and not validly withdrawn prior to the Early Tender Deadline.
The Partnership reserves the right, but is under no obligation, to increase or eliminate the Aggregate Maximum Principal Amount at any time without extending the applicable Withdrawal Deadline (as defined in the Offer to Purchase), subject to applicable law. As such, there can be no assurance that any or all tendered Notes of a given Acceptance Priority Level will be accepted for purchase, even if validly tendered and not validly withdrawn prior to the Early Tender Deadline.
The Partnership reserves the right, but is under no obligation, at any time after the Early Tender Deadline and before the Expiration Date, to accept Notes that have been validly tendered and not validly withdrawn for purchase on a date determined at the Partnership’s option (such date, if any, the Early Settlement Date). The Partnership currently expects the Early Settlement Date, if any, to occur on January 20, 2021. If the Partnership chooses to exercise its option to have an Early Settlement Date, the Partnership will purchase any remaining Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date, subject to the Aggregate Maximum Principal Amount, the application of the Acceptance Priority Levels, and all conditions to the Offers having been satisfied or waived by the Partnership, on the final settlement date (the Final Settlement Date, and each of the Early Settlement Date and the Final Settlement Date, a Settlement Date). The Final Settlement Date, if any, is expected to be February 3, 2021, unless extended by the Partnership. If the Partnership chooses not to exercise its option to have an Early Settlement Date, it will purchase all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date, subject to the Aggregate Maximum Principal Amount, the application of the Acceptance Priority Levels, and all conditions to the Offers having been satisfied or waived by the Partnership, on the Final Settlement Date. No tenders of Notes submitted after the Expiration Date will be valid.
Barclays Capital Inc. is acting as Dealer Manager and D.F. King & Co., Inc. is acting as the Tender Agent and Information Agent for the Offers. Requests for documents may be directed to D.F. King & Co., Inc. at (866) 751-6313 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions regarding the Offers may be directed to Barclays Capital Inc. collect at (212) 528-7581 or toll-free at (800) 438-3242.
This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities, including in connection with the Financing Condition and the Offers. The Offers to purchase the Notes are only being made pursuant to the terms of the Offer to Purchase. The Offers are not being made in any state or jurisdiction in which such Offers would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. None of the Partnership, the Dealer Manager, or the Tender Agent and Information Agent is making any recommendation as to whether or not Holders should tender their Notes in connection with the Offers.
Cautionary Statement Regarding Forward-Looking Information
Disclosures in this news release contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” or “continue,” and similar expressions are used to identify forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements relating to the offering and the tender offers, including the expected timing thereof and the anticipated use of proceeds therefrom, as applicable. These statements involve risks and uncertainties that could cause actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ETRN and the Partnership have based these forward-looking statements on current expectations and assumptions about future events. While ETRN and the Partnership consider these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond ETRN’s and the Partnership’s control. The risks and uncertainties that may affect the operations, performance and results of ETRN’s and the Partnership’s business and forward-looking statements include, but are not limited to, those set forth in ETRN’s and the Partnership’s respective publicly filed reports with the Securities and Exchange Commission (the SEC), including those set forth under Item 1A, “Risk Factors” of ETRN’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by Part II, Item 1A, "Risk Factors," of ETRN’s subsequent Quarterly Reports on Form 10-Q filed with the SEC, and those set forth under Item 1A, “Risk Factors” of the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2019 and under Part II, Item 1A, "Risk Factors," of EQM’s Quarterly Report on Form 10-Q for the three months ended March 31, 2020 filed with the SEC on May 14, 2020.
All forward-looking statements speak only as of the date they are made and are based on information available at that time. ETRN and the Partnership assume no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Source: Equitrans Midstream Corporation
Analyst/Investor inquiries:
Nate Tetlow — Vice President, Corporate Development and Investor Relations
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Media inquiries:
Natalie A. Cox — Communications and Corporate Affairs
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LONDON--(BUSINESS WIRE)--#apac--The new Fuel Oil Utilities market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads.
As the markets recover SpendEdge expects the Fuel Oil Utilities market size to grow by USD 123 billion during the period 2020-2024.
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Fuel Oil Utilities Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Fuel Oil Utilities research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.
Insights Delivered into the Fuel Oil Utilities Market
This market intelligence report on Fuel Oil Utilities answers to all the critical problems faced by investors who seek cost-saving opportunities in a competitive market. It also offers actionable anecdotes on the industry structure and supply market forecasts including highlights of the top vendors in this market. Our procurement experts have determined effective category pricing strategies that are attuned to the dynamics of this market which can be leveraged to maximize revenue generation against minimum investments on the products.
Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment
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Table of Content
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SpendEdge
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Marketing Manager
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HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisitions of Total Equipment Company (“TEC”), APO Pumps & Compressors including Corporate Equipment Company (together “APO/CEC”) and Pumping Solutions, Inc. (“PSI”). Financial terms of the transactions were not disclosed. DXP funded the acquisitions with cash from the balance sheet.
“We are pleased to announce these acquisitions, as each company provides DXP with exceptional management teams that enhance our ability to collaborate and serve our customers, vendors and other stakeholders. Total Equipment and APO enhance our aftermarket and service capabilities along with furthering our end market diversification efforts. Pumping Solutions and CEC provide DXP with a growing and deepening presence into the water and wastewater market as well as other commercial and industrial end markets. We believe these acquisitions provide a repeatable and sustainable earnings profile that is complementary to our business and consistent with our strategy,” said David Little, Chairman and CEO of DXP Enterprises. “We welcome the employees of these companies to the DXP family. These acquisitions provide great opportunities for DXP and provide new opportunities for our vendors, customers and employees to grow with us going forward,” concluded Mr. Little.
Signing of the definitive agreements occurred on December 31, 2020. Sales and adjusted EBITDA were approximately $114 million and $16 million, respectively for the eleven months ended November 30, 2020. Adjusted EBITDA was calculated as income before tax, plus depreciation and amortization, and non-recurring items.
Kent Yee, CFO added, “We continue to execute on our strategic priorities and strategy of making acquisitions in markets and business models where we can continue to enhance DXP. In today’s market, we were able to not only accomplish our goals but also do it on favorable terms. We are adding over 269 talented employees to the DXP team and we look forward to our growth together. Combined, these acquisitions complement DXP while diversifying our products, services and end mark exposure. We expect this set of transactions to reduce our oil & gas exposure by 200-400 basis points while adding strong recurring revenue fueled by meaningful aftermarket and service capabilities. Additionally, we are adding scale to key end markets like water and waste water, chemical and food & beverage. We anticipate these acquisitions to be accretive to earnings.”
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.
Kent Yee
Senior Vice President CFO
713-996-4700 – www.dxpe.com
LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (the “Company”) announced today that the Company and each of its debtor affiliates have emerged from the Chapter 11 process, signaling the successful completion of the Company’s balance-sheet restructuring and the implementation of the Modified First Amended Joint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”) confirmed by the United States Bankruptcy Court for the Southern District of Texas on December 21, 2020.
Pursuant to the Plan, all of the Company’s outstanding common shares were deemed to have no value and will receive no recovery. In accordance with the restructuring transactions contemplated by the Plan, upon emergence, the Company has a new parent company, Pacific Drilling Company LLC, a Cayman Islands limited liability company (the “reorganized Company”), the equity of which is owned by former creditors of the Company and its debtor affiliates.
“We are pleased to reach completion of this process. Having now emerged from Chapter 11 with a fully de-levered balance sheet, we are well positioned to continue to deliver world class drilling services with our fleet of 6th and 7th generation drillships,” said Bernie G. Wolford, Chief Executive Officer of the reorganized Company.
After emergence, the reorganized Company now operates with a substantially de-levered capital structure, due to the elimination of more than $1 billion of funded debt obligations pursuant to the Plan. The reorganized Company has approximately $100 million in cash on hand, and access to an undrawn $80 million senior secured delayed draw term loan exit facility, to support its ongoing operations.
Additional information regarding the restructuring and Chapter 11 proceedings, including the Plan, can be found (i) on the reorganized Company’s website at www.pacificdrilling.com/restructuring, (ii) on a website administered by Prime Clerk LLC, at http://cases.primeclerk.com/PacificDrilling2020, or (iii) via our dedicated restructuring information line at: +1 877-930-4314 (toll free) or +1 347-897-4073 (international). In connection with emergence from the Chapter 11 process, the Company filed with the Securities and Exchange Commission a Form 15 to suspend its duty to file periodic reports under the Securities Exchange Act of 1934.
Advisors
In the Company’s Chapter 11 process, Greenhill & Co. acted as financial advisor, Latham & Watkins LLP and Jones Walker LLP served as legal counsel, and AlixPartners acted as restructuring advisor to the Company. Houlihan Lokey acted as financial advisor and Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to an ad hoc group of noteholders.
About Pacific Drilling
With our best-in-class drillships and highly experienced team, Pacific Drilling is committed to exceeding our customers’ expectations by delivering the safest, most efficient and reliable deepwater drilling services in the industry. Pacific Drilling’s fleet of seven drillships represents one of the youngest and most technologically advanced fleets in the world. For more information about Pacific Drilling, including the Chapter 11 proceedings and the Plan of Reorganization, please visit our website at www.pacificdrilling.com.
Forward-Looking Statements
Certain statements and information contained in this press release constitute “forward-looking statements,” and are generally identifiable by their use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “our ability to,” “may,” “plan,” “potential,” “predict,” “project,” “projected,” “should,” “will,” “would,” or other similar words which are not generally historical in nature. The forward-looking statements speak only as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Our forward-looking statements express our current expectations or forecasts of possible future results or events, including from our Chapter 11 proceedings; the appeal filed by Patrick F. Lennon, in his capacity as liquidation trustee of the liquidation trust established in the Chapter 11 cases of Pacific Drilling VIII Limited and Pacific Drilling Services, Inc. (the “Liquidation Trustee”), of the order confirming the Plan (the “Confirmation Order”); the future impact of the COVID-19 pandemic on our business; future financial and operational performance and cash balances; our future liquidity position and future efforts to improve our liquidity position, revenue efficiency levels, market outlook, forecasts of trends, future client contract opportunities, future contract dayrates, our business strategies and plans or objectives of management; estimated duration of client contracts; backlog; expected capital expenditures; and projected costs and savings.
Although we believe that the assumptions and expectations reflected in our forward-looking statements are reasonable and made in good faith, these statements are not guarantees, and actual future results may differ materially due to a variety of factors. These statements are subject to a number of risks and uncertainties and are based on a number of judgments and assumptions as of the date such statements are made about future events, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in such statements due to a variety of factors, including if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect.
Important factors that could cause actual results to differ materially from our expectations include: the potential continued impact from our Chapter 11 proceedings; the potential outcome of the Liquidation Trustee’s appeal of the Confirmation Order; evolving risks from the COVID-19 outbreak and resulting significant disruption in international economies, and international financial and oil markets, including a substantial decline in the price of oil during 2020, which if sustained would continue to have a material adverse effect on our financial condition, results of operations and cash flow; changes in actual and forecasted worldwide oil and gas supply and demand and prices, and the related impact on demand for our services; the offshore drilling market, including changes in capital expenditures by our clients; rig availability and supply of, and demand for, high-specification drillships and other drilling rigs competing with our fleet; our ability to enter into and negotiate favorable terms for new drilling contracts or extensions of existing drilling contracts; our ability to successfully negotiate and consummate definitive contracts and satisfy other customary conditions with respect to letters of intent and letters of award that we receive for our drillships; actual contract commencement dates; possible cancellation, renegotiation, termination or suspension of drilling contracts as a result of mechanical difficulties, performance, market changes or other reasons; costs related to stacking of rigs and costs to reactivate a stacked rig; downtime and other risks associated with offshore rig operations, including unscheduled repairs or maintenance, relocations, severe weather or hurricanes or accidents; our small fleet and reliance on a limited number of clients; the effects of the Chapter 11 proceedings on our operations and agreements, including our relationships with employees, regulatory authorities, customers, suppliers, banks and other financing sources, insurance companies and other third parties; the potential adverse effects of the Chapter 11 proceedings on our liquidity, results of operations, or business prospects; and the increased administrative and legal costs related to the Chapter 11 proceedings.
Investor Contact:
James Harris
Pacific Drilling S.A.
+713 334 6662
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Media Contact:
Amy L. Roddy
Pacific Drilling S.A.
+713 334 6662
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--As previously announced, UGI Corporation (NYSE: UGI) entered into a definitive agreement to acquire Mountaintop Energy Holdings LLC, owner of Mountaineer Gas Company (“Mountaineer”), the largest gas local distribution company in West Virginia for an enterprise value of $540 million, which includes the assumption of approximately $140 million of debt.
UGI will hold a live Internet Audio Webcast of its conference call to discuss the acquisition of Mountaintop Energy Holdings, LLC at 9:00 AM ET on Tuesday, January 5, 2021. Interested parties may listen to the audio webcast both live and in replay on the Internet at https://edge.media-server.com/mmc/p/3tbty4tw or at the company website at http://www.ugicorp.com under “Investors – Presentations.” A telephonic replay will be available from 12:00 PM ET on January 5, 2020 through 12:00 PM ET on January 12, 2020. The replay may be accessed at (855) 859-2056, and internationally at (404) 537-3406, conference ID 5662188.
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.
FORWARD-LOOKING STATEMENTS
This press release contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). Management believes that these are reasonable as of today’s date only. Actual results may differ significantly because of risks and uncertainties that are difficult to predict and many of which are beyond management’s control. You should read UGI’s Annual Report on Form 10-K for a more extensive list of factors that could affect results. Among them are adverse weather conditions (including increasingly uncertain weather patterns due to climate change) and the seasonal nature of our business; cost volatility and availability of all energy products, including propane, natural gas, electricity and fuel oil; increased customer conservation measures; the impact of pending and future legal proceedings, liability for uninsured claims and for claims in excess of insurance coverage; domestic and international political, regulatory and economic conditions in the United States and in foreign countries, including the current conflicts in the Middle East and the withdrawal of the United Kingdom from the European Union, and foreign currency exchange rate fluctuations (particularly the euro); the timing of development of Marcellus Shale gas production; the availability, timing and success of our acquisitions, commercial initiatives and investments to grow our business; our ability to successfully integrate acquired businesses and achieve anticipated synergies; the interruption, disruption, failure, malfunction, or breach of our information technology systems, including due to cyber-attack; the inability to complete pending or future energy infrastructure projects; our ability to achieve the operational benefits and cost efficiencies expected from the completion of pending and future transformation initiatives at our business units; uncertainties related to the global pandemics, including the duration and/or impact of the COVID-19 pandemic; and the extent to which we are able to utilize certain tax benefits currently available under the CARES Act and similar tax legislation and whether such benefits will remain available in the future.
NON-SOLICITATION
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Investor Relations
Brendan Heck, 610-337-1000 ext. 6608
Tameka Morris, 610-456-6297
Shelly Oates, 610-337-1000 ext. 3202
LEAWOOD, KS--(BUSINESS WIRE)--This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distributions paid on December 31, 2020 and cumulative distributions paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distributions, payable December 31, 2020 and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.
Tortoise Power and Energy Infrastructure Fund, Inc.
Estimated Sources of Distributions |
||||||||
|
($) Current
|
% Breakdown
|
($) Total Cumulative
|
% Breakdown of the
|
||||
Net Investment Income |
0.0225 |
45% |
0.0225 |
45% |
||||
Net Realized Short-Term Capital Gains |
0.0192 |
38% |
0.0192 |
38% |
||||
Net Realized Long-Term Capital Gains |
0.0000 |
0% |
0.0000 |
0% |
||||
Return of Capital |
0.0083 |
17% |
0.0083 |
17% |
||||
Total (per common share) |
0.0500 |
100% |
0.0500 |
100% |
||||
Average annual total return (in relation to NAV) for the 5 years ending on 11/30/2020 |
-1.53% |
|
Annualized current distribution rate expressed as a percentage of NAV as of 11/30/2020 |
4.61% |
|
|
|
|
Cumulative total return (in relation to NAV) for the fiscal year through 11/30/2020 |
-18.93% |
|
Cumulative fiscal year distributions as a percentage of NAV as of 11/30/2020 |
.38% |
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policies.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors is the Adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, please visit cef.tortoiseecofin.com.
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow
(913) 981-1020
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. President and CEO Jack Fusco issued the following statement on the passing of Cheniere board member Michele Evans:
“All of us at Cheniere are profoundly saddened at the passing of board member Michele Evans. Michele dedicated her career to the security of the United States and our allies, and we are thankful she was able to share her exceptional leadership and experience with us. We send our heartfelt condolences to her husband David and sons Clark and Parker, her family, and her colleagues at Lockheed Martin where she was so deeply respected.”
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, filed with the Securities and Exchange Commission.
Cheniere Energy, Inc.
Investors
Randy Bhatia 713-375-5479
Megan Light 713-375-5492
Or
Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491
VIRTUAL SESSION
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will conduct a special meeting virtually via Webex webinar on Tuesday, Jan. 5, at 10:30 a.m. or immediately following the adjournment of the meeting of the Compensation Committee of the Port Commission, which is scheduled to start at 10:00 a.m.
Governor Abbott’s action of March 16, 2020 allows these virtual and telephonic open meetings to maintain government transparency.
The Executive Office Building is closed to the general public; however, the public can participate virtually via Webex, accessed as provided on the following page.
The Special Meeting agenda is available at http://porthouston.com/leadership/public-meetings/.
The Compensation Committee agenda and the instructions to virtually access both meetings are also available at http://porthouston.com/leadership/public-meetings/.
Sign up for public comment up to an hour before the special meeting by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website at https://porthouston.com/
The Executive Office Building is closed to the general public at this time.
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Office: 713-670-2644; Mobile: 832-247-8179
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MUNICH--(BUSINESS WIRE)--Sono Motors, the Company innovating electric mobility with its proprietary solar technology, announced that it will launch the next generation prototype of its revolutionary Solar EV for the masses – The Sion. Led by its founders’ vision of a world without fossil fuels, Sono Motors has been supported by its community to further advance EV development. The Sion blends disruptive technology with affordability to enable individual contribution to global sustainability. Combined with Sono Motors’ proprietary Sono Solar Technology, the Sion is paving the way for an attractively priced transition to a sustainable future.
“We are tremendously proud to deliver on our promise to our community to showcase a product that can drive the transition to a solar-powered future. This journey started in a garage with a simple idea and has become a great force thanks to the overwhelming support of our community,” said Laurin Hahn, Co-Founder and Chief Executive Officer of Sono Motors. “I speak for our entire team when I say that the next generation Sion prototype is just the beginning, and we are keen to set through to realize our goal. We are looking forward to continuing our progress to deliver the first Solar EV for everyone.”
Marking one year since it concluded one of Europe’s largest crowdfunding campaigns, Sono Motors is showcasing the product of its relentless and innovative work throughout 2020. The Sion boasts the lowest total cost of ownership in its class at an estimated gross price point of just € 25,500 and has amassed more than 12,600 pre-orders to date. In a nod to great automotive trailblazers of years’ past, the Sion embodies the idea of affordability, convenience, and accessibility in a one-size-fits-all package.
“This vision is powered by our proprietary Sono Solar Technology, which replaces traditional paint with integrated solar panels that harvest clean, renewable, free energy,” said Mathieu Baudrit, Director Photovoltaic Integration of Sono Motors. “With a boundless range of potential applications, Sono Solar Technology is a seamless, flexible and lightweight solution for efficient electric charging.”
This will be Sono Motors’ first time presenting at CES, one of the world’s largest and most influential technology events. CES 2021 will be held in a completely digital format from January 11-14, 2021 and will feature more than 1,000 exhibitors from across the globe. Sono Motors Live Session Details:
- January 12 Trailblazing Mobility: The Solar EV of the Future @ 1:45-2:15PM EST
- January 13 Garage to Global Innovation: Is SEV the new SUV? @ 1:45-2:15PM EST
About Sono Motors:
Sono Motors is on a mission to enable a revolutionary mobility system, where every electric vehicle is solar, shared and independent from fossil-fuels. Today, an experienced specialist team is developing a forward-looking electric car that is suitable for daily use, with integrated solar cells and innovative mobility services, the Sion. Both, the integrated solar technology as well as the mobility services enable users to access clean mobility, harness solar energy and reduce CO2 impacts.
Sono Motors was founded in 2016 and has rapidly grown to more than 100 employees today. The team combines international young talents and industry veterans, including former employees from BMW, Nissan Motor Company, Chrysler Group, DaimlerChrysler, Mercedes-Benz, FlixBus and myTaxi. Since its foundation, the company has raised approximately € 100M through reservations and funding. The company released its first-generation car prototype to the public in 2017. To date, more than 12,600 people have pre-ordered and partially paid for the vehicle. In 2018, Sono Motors was recognized as a Solar Impulse Efficient Solution by the Solar Impulse Foundation. In January of 2020, Sono Motors successfully closed one of the biggest Community Crowdfunding Campaigns in Europe.
The first model is planned to enter production in Q4 2022. The Sion is expected to have the lowest TCO (total cost of ownership) in its category at the time of production.
Find the entire founders’ story here: www.sonomotors.com/de/story.html/
Website: www.sonomotors.com
Social Media: Facebook | Instagram | Twitter | YouTube | LinkedIn
USA: Victoria Sivrais, Clermont Partners | E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Europe: Alba Espinosa, Sono Motors | E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
LITTLE RIVER, S.C.--(BUSINESS WIRE)--$PCTL--PCT Ltd. (OTC Pink:PCTL) announces that PCTL and RB Capital Partners, Inc. have executed and received an additional $150,000 conventional, convertible loan with 5% annual interest and a $0.10/share fixed conversion rate. PCTL has earmarked a large portion of these monies for the build and completion of 4 Annihilyzer® Infection Control Systems for the Healthcare Industry and the completion of 3 pieces of the Company’s Legacy equipment.
With regard to the Company’s issued and outstanding shares; as of today, our I/O share count has remained the same at 721,187,846 shares.
As PCTL continues its pursuit to gain acceptance to list on OTC:QB, we are in the final stages of addressing all comments from the OTC Markets Compliance Team. Provided there are no more questions, the process will proceed in queue with OTC Markets for the jump to the OTC:QB listing.
Finally, as seen on our Tweet yesterday, we will additionally be disseminating pertinent company information on our official Twitter account, (https://mobile.twitter.com/@PCTL2021). Later today, the Company will Tweet information about our end-of-year shareholder letter and will provide a link to our website for review of that communication.
About PCT LTD:
PCT LTD ("PCTL") focuses its business on acquiring, developing and providing sustainable, environmentally safe disinfecting, cleaning and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly-owned operating subsidiary, Paradigm Convergence Technologies Corporation (PCT Corp). Currently trading on OTC:PINK, "PCTL" is actively engaged in applying for listing its common stock to the OTC QB market. The Company established entry into its target markets with commercially viable products in the United States and now continues to gain market share in the U.S. and U.K.
ADDITIONAL NEWS AND CORPORATE UPDATES:
PCTL would like to warn its stockholders and potential investors that material corporate information regarding sales, areas of business and other corporate updates will only be made through press releases or filings with the SEC and through Twitter (PCTL@PCTL2021). PCTL does not utilize social media, chatrooms or other online sources to disclose material information. The public should only rely on official press releases, Tweets from the Company’s official Twitter account, and corporate filings for accurate and up to date information regarding PCTL.
Forward-Looking Statements:
This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Such statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to revenue; and any other effects resulting from the information disclosed above; risks and effects of legal and administrative proceedings and government regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PCTL makes in this press release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Gary Grieco, CEO and Chairman, PCT LTD
(843) 390-7900 Office
(843) 390-2347 Fax
www.para-con.com
www.pctcorphealth.com
www.survivalyte.com
Twitter: https://mobile.twitter.com/PCTL2021
Rich Inza, Investor Relations (RMJ Consulting, LLC)
(843) 491-4611
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Funding solutions will make it easier and more affordable for growers to upgrade to market-leading, low-energy lighting solutions
LONDON--(BUSINESS WIRE)--GE Current, a Daintree company, has announced a partnership with Aquila Capital, to provide funding solutions for growers looking to install low-energy LED lighting, through funds managed or advised by Aquila Capital*. The partnership will allow growers across Europe who are designing new indoor farming facilities, or upgrading existing installations to the latest lighting technology, to deploy Current’s range of Arize™ horticultural LED solutions, faster and with the aim of no up-front capital expenditure.
Projects financed through the new partnership have the potential to achieve CO2 savings of 30-40% vs existing installations, with repayment calculations based on a proportion of the future energy costs. By removing the financial barriers to the latest generation of horticultural lighting and by supporting growers through every step of their journey to LED, Current aims to help optimise the quality and volume of yields, whilst significantly reducing the environmental impact of indoor farming.
“The horticulture industry is well aware of its environmental responsibilities and the sustainability targets being handed down across all sectors,” commented James Fleet, Commercial General Manager, EU, ME & ANZ at Current. “Aquila Capital’s energy efficiency team is the ideal partner as it has already helped a number of European greenhouse operators to implement energy-efficient biomass technology at scale. The team understands the needs of European growers and can build bespoke, flexible financing solutions rapidly, allowing them to reap the financial and environmental benefits of deploying our Arize LED solutions immediately and with minimal risk.”
Bruno Derungs, Senior Investment Manager with Aquila Capital’s Energy Efficiency Team, said: “Our investment strategy is specialised on financing small-to-medium size energy efficiency projects for industrial or commercial companies, and implementing these projects in partnerships with experienced project developers. With Current, we have an excellent multinational technology provider as a strong partner. Our financing offering will further reduce the barriers for operators to run their greenhouses on the most innovative and energy efficient technology. We are excited to contribute to our common goal of driving forward the energy transition by supporting Current to realise additional projects.”
Notes to Editors:
*To the extent possible under applicable regulations in the relevant jurisdiction. Specific solutions tailored to the local markets may be offered in certain jurisdictions.
About GE Current, a Daintree company:
Current enhances commercial, industrial, city and specialty applications with advanced lighting and intelligent controls. Working with our partners, we deliver the best possible outcomes for our customers.
Current harnesses the power of light to enable never-before-possible methods of farming, ushering in a new era of agriculture. We aim to build a world where growers can produce higher yields, cultivate with greater precision, and grow sustainably, locally and year-round to fuel a brighter future. For more information, visit http://www.gecurrent.com/eu/horticulture.
About Aquila Capital:
Aquila Group is a leading investment manager in real asset solutions. Its sustainable investment strategy focuses on investments in renewable energy, energy efficiency, infrastructure, residential real estate, green logistics as well as timber and agriculture. Founded in 2001 as one of the first German alternative investment firms, Aquila Group currently manages EUR 11.1 billion for institutional investors worldwide (as at 30 June 2020).
Over the last decade, Aquila Group has built a truly pan-European asset portfolio with investments in the renewable energy sector amounting to a total capacity of 6.5 GW and over 2 million square meters of sustainable real estate and green logistics projects completed or under development. Through its investments, Aquila Group is committed to contributing to the European energy transition.
To create value for its investors, Aquila Group employs a fully integrated investment and asset management approach. With 14 offices in 12 countries, Aquila Group’s dedicated expert investment teams draw on their sector networks and experience to screen, develop, finance, manage and operate investments along the entire value chain.
Michelle Van Den Hout
+447471358686
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DUBLIN--(BUSINESS WIRE)--The "Piezoelectric Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global piezoelectric devices market grew at a CAGR of around 6% during 2014-2019.
Piezoelectric devices refer to the equipment that utilizes the piezoelectric effect to measure acceleration, pressure, temperature and force by converting the surrounding mechanical energy into an electrical pulse. Some of the commonly used piezoelectric devices include generators, sensors, actuators and transducers. They are manufactured using piezoceramics, such as quartz, to transform physical force into alternating current (AC) on being subjected to mechanical stress or vibrations.
In comparison to their traditionally used counterparts, these devices are not affected by electromagnetic fields and radiations and can be used in extreme conditions. As a result, piezoelectric devices find extensive applications across various industries, such as automotive, healthcare, information technology (IT) and telecommunication, consumer goods, aerospace & defense and manufacturing.
Significant growth in the electronics and automotive industries represents one of the key factors creating a positive outlook for the market. Furthermore, the easy availability of piezoceramics across the globe is also driving the market growth. Piezoceramics offer a faster response rate, higher output, frequency and sensitivity and can be easily used for low- and high-voltage drive circuits. They are also widely used in pressure sensors, sonar equipment, diesel fuel injectors, solenoids, optical instruments and ultrasonic cleaners, which, in turn, is contributing to the market growth further.
Additionally, various technological advancements, such as the development of miniaturized nanogenerators, are anticipated to drive the market further. Piezoelectric nanogenerators are used in portable consumer devices, such as smartphones, smartwatches, laptops and tablets, to harvest vibration energy and cater to the energy requirements of the device. In line with this, piezoelectric actuators are also used in the healthcare sector for precision and stability in microscopy for diagnostic applications.
Looking forward, the global piezoelectric devices market to continue its moderate growth during the next five years.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Piezoelectric Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Sensors
6.2 Actuators
6.3 Transducers
6.4 Motors
6.5 Generators
7 Market Breakup by Material
7.1 Ceramics
7.2 Crystals
7.3 Polymers
7.4 Composites
7.5 Others
8 Market Breakup by Application
8.1 Automotive
8.2 Healthcare
8.3 Information Technology and Telecommunication
8.4 Consumer Goods
8.5 Aerospace and Defense
8.6 Manufacturing
8.7 Others
9 Market Breakup by Region
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/g22koe
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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