Former Schneider Electric Executive Brings Nearly 35 Years of High-Tech Expertise

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Santiago Perez, a senior advisor at Arsenal Capital Partners and former executive at Schneider Electric, to its board of directors, effective June 1.

Perez brings nearly 35 years of sales, product management and service operations experience in high-tech industries, including the energy, building automation and industrial automation sectors. Prior to his engagement with Arsenal, Perez served as chief commercial digital officer and senior vice president of U.S. services and solutions at Schneider Electric from 2017 to 2020. He also held several leadership roles at Johnson Controls between 1999 and 2016. These included vice president and general manager for Europe, Middle East, Africa and Latin America, where he led the company’s sales, distribution, contracting and service operations, as well as vice president of global business lines and operations, leading the company’s global supply chain, product management, development and engineering.

“Santiago is an ideal candidate for Itron’s board of directors. His diverse background and expertise in technology sectors will be an asset to the board as we drive company performance and create value for shareholders,” said Lynda Ziegler, chair of Itron’s board of directors.

“As Itron continues our journey as a leader in the industrial IoT (IIoT), we will greatly benefit from Santiago’s depth of leadership expertise in sales, product management and service operations for high-tech sectors. We welcome him to our board,” said Tom Deitrich, Itron’s president and chief executive officer.

“It is an honor to join Itron’s board of directors. I look forward to helping further the company’s mission and pursuit to create a more resourceful world while ensuring shareholder value,” said Perez.

About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
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Kenneth P. Gianella
Vice President, Investor Relations
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian) (NASDAQ: TELL) announced today it has finalized a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc. (Vitol). The SPA is for three million tonnes per annum (mtpa) on a free on board (FOB) basis at Driftwood LNG for a ten-year period, indexed to a combination of two indices: the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF), each netted back for transportation charges. At today’s prices, the agreement is valued at approximately $12 billion in revenue over ten years.

President and CEO Octávio Simões said, “Tellurian continues to execute on our plan to market Driftwood LNG volumes on indices that our customers want. Vitol expressed interest in the development of Driftwood early on, and it is fulfilling to finalize this agreement with the world’s largest independent trader of energy. As the world electrifies and our population grows, the demand for reliable, low-cost energy will continue to increase. LNG provides a stable source of fuel at an attractive price, and Tellurian’s integrated model is positioned perfectly to offer volumes on JKM, TTF or blended price basis.”

Executive Vice President LNG Marketing & Trading Tarek Souki added, “Tellurian has made exceptional progress on our intended first phase capacity sales by securing this second SPA with another respected global energy trading business. The two recent agreements represent an aggregate of $24 billion in estimated revenue; we will continue to be deliberate and selective in choosing our additional customers.”

Pablo Galante Escobar, Global Head of LNG and European Gas & Power at Vitol said: “Vitol is excited to conclude this agreement with Tellurian.  Our long-term commitment and investment grade rating will help Tellurian as they continue their path to financial close.”

Ben Marshall, CEO of Vitol Inc. added: “Vitol’s business continues to grow and evolve in the Americas and around the world.  This agreement will make Vitol one of North America’s largest exporters of natural gas, providing our customers with cost effective and cleaner fuel solutions.”

About Tellurian Inc.

Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol “TELL”. For more information, please visit www.tellurianinc.com. Follow us on Twitter at twitter.com/TellurianLNG

About Vitol

Vitol is a commodity trader and the world’s largest independent energy trader with $140 billion in revenues in 2020. Vitol trades and distributes energy safely and responsibly around the world using its logistical expertise and infrastructure network.

CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “assume,” “believe,” “budget,” “continue,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, future contracts, demand, revenues, prices, the benefits of Tellurian’s model and other aspects of Tellurian’s business. These statements involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in Item 1A of Part I of the Annual Report on Form 10-K of Tellurian for the fiscal year ended December 31, 2020, and other Tellurian filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The effectiveness of the agreement described in this press release is subject to, among other things, a final investment decision with respect to the Driftwood Project, and reaching a final investment decision will require Tellurian to obtain significant amounts of additional capital. Estimated revenue from the agreement is based on the current JKM price (as quoted by S&P Platts) and the current TTF price (as quoted on www.theice.com) for the full term of the agreement; actual prices will vary. The agreement may be terminated in certain circumstances prior to the expiration of the 10-year term. The forward-looking statements in this press release speak as of the date of this release. Although Tellurian may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.

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TULSA, Okla.--(BUSINESS WIRE)--Seventh paragraph (under Crude Oil Logistics), second sentence should read: During the three months ended March 31, 2021, financial volumes on the Grand Mesa Pipeline averaged approximately 66,000 barrels per day compared to 131,000 barrels per day during the prior year period, a decrease primarily due to the bankruptcy court’s approved rejection of the Extraction transportation agreement. Winter storm Uri in February 2021 reduced not only volumes at the lease in all areas of our operations, including the DJ Basin, but also refinery demand due to outages on the United States Gulf Coast. (instead of During the three months ended March 31, 2021, financial volumes on the Grand Mesa Pipeline averaged approximately 131,000 barrels per day during the prior year period, a decrease primarily due to the bankruptcy court’s approved rejection of the Extraction transportation agreement. Winter storm Uri in February 2021 reduced not only volumes at the lease in all areas of our operations, including the DJ Basin, but also refinery demand due to outages on the United States Gulf Coast.)

The updated release reads:

NGL ENERGY PARTNERS LP ANNOUNCES FOURTH QUARTER AND FULL YEAR FISCAL 2021 FINANCIAL RESULTS

NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its fourth quarter and full year fiscal 2021 results.

Highlights for the quarter and fiscal year ended March 31, 2021 include:

• Loss from continuing operations for the quarter ended March 31, 2021 of $229.2 million, including a loss of $63.1 million related to the early repayment of the Partnership’s term loan facility, a one-time $40.0 million consent payment to the holders of the Partnership’s Class D Preferred Units and a non-cash impairment charge of $84.3 million for certain inactive or underutilized saltwater disposal facilities
• Loss from continuing operations of $637.4 million for Fiscal 2021, which includes the $383.6 million write down of goodwill and certain intangibles related to the impact of the bankruptcy rejection of transportation contracts with Extraction Oil & Gas, Inc. (“Extraction”), certain costs associated with the re-financing of our credit facility and term loan facility and the impairment of certain assets
• Adjusted EBITDA from continuing operations for the fourth quarter of Fiscal 2021 of $94.3 million, compared to $161.8 million for the fourth quarter of Fiscal 2020, driven by lower volumes in each of our operating segments
• Fiscal Year 2021 Adjusted EBITDA from continuing operations of $448.3 million compared to $589.5 million in the prior year
• Completion of a private offering of $2.05 billion of 7.5% senior secured notes due 2026 (“2026 Secured Notes”) and a new $500.0 million asset-based revolving credit facility (“ABL Facility”) on February 4, 2021. These transactions significantly extended debt maturities as proceeds received were used to repay all outstanding amounts under the Partnership’s previous $1.915 billion revolving credit facility due in October 2021 and its $250.0 million term loan facility and terminate those agreements, as well as to pay all fees and expenses associated with the transactions.
• Announced suspension of all common unit and preferred unit distributions until the Board of Directors of our general partner deems it prudent to resume distributions and such distributions are consistent with the terms of the Partnership’s various debt agreements

“The Partnership is well positioned going into its Fiscal 2022, as crude prices, producer volumes and demand for commodities have all increased following a challenging Fiscal 2021. Our Water Solutions segment continues to drive the growth of the Partnership and we look to fully capitalize on our Delaware Basin platform in the coming year. We are excited about rising and stabilizing crude oil prices and the return of production growth in the DJ Basin and expect to see increased producer demand for capacity on our Grand Mesa Pipeline as well,” stated Mike Krimbill, NGL’s CEO. “Fiscal 2021 was significant for the Partnership as we successfully extended our debt maturities and improved liquidity in a difficult banking environment for energy companies and provided a secure platform from which the Partnership can operate going forward. Once again, we are looking forward to seeing increased utilization of our existing asset platform to deliver excess free cash flow for deleveraging and the eventual reinstatement of our distributions,” Krimbill concluded.

Quarterly Results of Operations

The following table summarizes operating income (loss) and Adjusted EBITDA from continuing operations by reportable segment for the periods indicated:

Water Solutions

The Partnership processed approximately 1.4 million barrels of water per day during the quarter ended March 31, 2021, a 17.6% decrease when compared to approximately 1.7 million barrels of water per day processed during the quarter ended March 31, 2020. This decrease was primarily due to lower development activity and production volumes through the past year along with the impact from winter storm Uri and the slower recovery of volumes in the Delaware Basin. The decline was partially offset by new produced water volumes received upon the completion and commencement of the Partnership’s Poker Lake pipeline. The pipeline was successfully completed in October 2020 with capacity of over 400,000 barrels per day and connects into the Partnership’s integrated Delaware Basin produced water pipeline infrastructure network.

Operating expenses in the Water Solutions segment decreased to $0.29 per barrel compared to $0.38 per barrel in the comparative quarter last year. This includes certain costs incurred in February 2021 related to winter storm Uri, combined with lower volumes. The Partnership has taken significant steps to reduce operating costs and continues to evaluate cost saving initiatives.

Crude Oil Logistics

Operating income for the fourth quarter of Fiscal 2021 decreased compared to the same quarter in Fiscal 2020 due to lower activity on our Grand Mesa Pipeline, revenues from which decreased by $19.1 million during the quarter ended March 31, 2021, compared to the quarter ended March 31, 2020. During the three months ended March 31, 2021, financial volumes on the Grand Mesa Pipeline averaged approximately 66,000 barrels per day compared to 131,000 barrels per day during the prior year period, a decrease primarily due to the bankruptcy court’s approved rejection of the Extraction transportation agreement. Winter storm Uri in February 2021 reduced not only volumes at the lease in all areas of our operations, including the DJ Basin, but also refinery demand due to outages on the United States Gulf Coast. This was partially offset by an increase in prices during the fourth quarter of Fiscal 2021.

Liquids Logistics

Total product margin per gallon, excluding the impact of derivatives, was $0.060 for the quarter ended March 31, 2021 compared to $0.044 in the same quarter of the prior year. Liquids revenues increased due to increased commodity prices in the quarter ended March 31, 2021 as a result of winter storm Uri in February, which impacted the supply of natural gas liquids and refined products. Refined products volume sold decreased during the quarter ended March 31, 2021 and totaled approximately 188.4 million gallons, compared to 292.1 million gallons in the same period in the prior year, as demand for refined products has not fully rebounded from the pandemic. Butane volumes also continued to be impacted by a lack in demand. Propane volumes for the quarter ended March 31, 2021 were down approximately 5.0% from the same period last year due to less demand throughout the heating season in our core operating areas.

Capitalization and Liquidity

Total liquidity (cash plus available capacity on our revolving credit facility) was approximately $344.9 million as of March 31, 2021. The Partnership is in compliance with all of its debt covenants and has no significant current debt maturities before November 2023. The Partnership expects to generate excess cash flow in Fiscal 2022, which will be utilized to repay outstanding indebtedness and improve leverage.

Fourth Quarter Conference Call Information

A conference call to discuss NGL’s results of operations is scheduled for 4:00 pm Central Time on Thursday, June 3, 2021. Analysts, investors, and other interested parties may access the conference call by dialing (800) 291-4083 and providing access code 7299585. An archived audio replay of the conference call will be available for 7 days beginning at 1:00 pm Central Time on June 4, 2021, which can be accessed by dialing (855) 859-2056 and providing access code 7299585.

NGL filed its Annual Report on Form 10-K for the year ended March 31, 2021 with the Securities and Exchange Commission after market on June 3, 2021. A copy of the Form 10-K can be found on the Partnership’s website at www.nglenergypartners.com. Unitholders may also request, free of charge, a hard copy of our Form 10-K and our complete audited financial statements.

Non-GAAP Financial Measures

NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense. NGL defines Adjusted EBITDA as EBITDA excluding net unrealized gains and losses on derivatives, lower of cost or net realizable value adjustments, gains and losses on disposal or impairment of assets, gains and losses on early extinguishment of liabilities, equity-based compensation expense, acquisition expense, revaluation of liabilities, certain legal settlements and other. NGL also includes in Adjusted EBITDA certain inventory valuation adjustments related to TransMontaigne Product Services, LLC (“TPSL”), our refined products business in the mid-continent region of the United States (“Mid-Con”) and our gas blending business in the southeastern and eastern regions of the United States (“Gas Blending”), which are included in discontinued operations, and certain refined products businesses within NGL’s Liquids Logistics segment, as discussed below. EBITDA and Adjusted EBITDA should not be considered alternatives to net loss, loss from continuing operations before income taxes, cash flows from operating activities, or any other measure of financial performance calculated in accordance with GAAP, as those items are used to measure operating performance, liquidity or the ability to service debt obligations. NGL believes that EBITDA provides additional information to investors for evaluating NGL’s ability to make quarterly distributions to NGL’s unitholders and is presented solely as a supplemental measure. NGL believes that Adjusted EBITDA provides additional information to investors for evaluating NGL’s financial performance without regard to NGL’s financing methods, capital structure and historical cost basis. Further, EBITDA and Adjusted EBITDA, as NGL defines them, may not be comparable to EBITDA, Adjusted EBITDA, or similarly titled measures used by other entities.

Other than for the TPSL, Mid-Con, and Gas Blending businesses, which are included in discontinued operations, and certain businesses within NGL’s Liquids Logistics segment, for purposes of the Adjusted EBITDA calculation, NGL makes a distinction between realized and unrealized gains and losses on derivatives. During the period when a derivative contract is open, NGL records changes in the fair value of the derivative as an unrealized gain or loss. When a derivative contract matures or is settled, NGL reverses the previously recorded unrealized gain or loss and record a realized gain or loss. NGL does not draw such a distinction between realized and unrealized gains and losses on derivatives of the TPSL, Mid-Con, and Gas Blending businesses, which are included in discontinued operations, and certain businesses within NGL’s Liquids Logistics segment. The primary hedging strategy of these businesses is to hedge against the risk of declines in the value of inventory over the course of the contract cycle, and many of the hedges cover extended periods of time. The “inventory valuation adjustment” row in the reconciliation table reflects the difference between the market value of the inventory of these businesses at the balance sheet date and its cost, adjusted for the impact of seasonal market movements related to our base inventory and the related hedge. NGL includes this in Adjusted EBITDA because the unrealized gains and losses associated with derivative contracts associated with the inventory of this segment, which are intended primarily to hedge inventory holding risk and are included in net income, also affect Adjusted EBITDA.

Distributable Cash Flow is defined as Adjusted EBITDA minus maintenance capital expenditures, income tax expense, cash interest expense, preferred unit distributions and other. Maintenance capital expenditures represent capital expenditures necessary to maintain the Partnership’s operating capacity. Distributable Cash Flow is a performance metric used by senior management to compare cash flows generated by the Partnership (excluding growth capital expenditures and prior to the establishment of any retained cash reserves by the Board of Directors) to the cash distributions expected to be paid to unitholders. Using this metric, management can quickly compute the coverage ratio of estimated cash flows to planned cash distributions. This financial measure also is important to investors as an indicator of whether the Partnership is generating cash flow at a level that can sustain, or support an increase in, quarterly distribution rates. Actual distribution amounts are set by the Board of Directors.

Forward-Looking Statements

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.

NGL provides Adjusted EBITDA guidance that does not include certain charges and costs, which in future periods are generally expected to be similar to the kinds of charges and costs excluded from Adjusted EBITDA in prior periods, such as income taxes, interest and other non-operating items, depreciation and amortization, net unrealized gains and losses on derivatives, lower of cost or net realizable value adjustments, gains and losses on disposal or impairment of assets, gains and losses on early extinguishment of liabilities, equity-based compensation expense, acquisition expense, revaluation of liabilities and items that are unusual in nature or infrequently occurring. The exclusion of these charges and costs in future periods will have a significant impact on the Partnership’s Adjusted EBITDA, and the Partnership is not able to provide a reconciliation of its Adjusted EBITDA guidance to net income (loss) without unreasonable efforts due to the uncertainty and variability of the nature and amount of these future charges and costs and the Partnership believes that such reconciliation, if possible, would imply a degree of precision that would be potentially confusing or misleading to investors.

About NGL Energy Partners LP

NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, treats, recycles and disposes of produced water generated as part of the energy production process as well as transports, stores, markets and provides other logistics services for crude oil and liquid hydrocarbons.

For further information, visit the Partnership’s website at www.nglenergypartners.com.

NGL Energy Partners LP
Trey Karlovich, 918-481-1119
Chief Financial Officer and Executive Vice President
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or

Linda Bridges, 918-481-1119
Senior Vice President - Finance and Treasurer
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DUBLIN--(BUSINESS WIRE)--The "Boat Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global boat repairing market as it emerges from the COVID-19 shut down.

The global boat repairing market is expected to grow from $6.33 billion in 2020 to $6.81 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.75 billion in 2025 at a CAGR of 6.5%.

Companies Mentioned

• Brunswick
• Riviera
• Holyhead Boatyard
• Ancasta International Boat Sales
• Survitec Survival Craft
• Daewoo Shipbuilding & Marine Engineering
• Hyundai Heavy Industries
• Mitsubishi Heavy Industries
• Samsung Heavy Industries
• General Dynamics

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider boat repairing market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The boat repairing market section of the report gives context. It compares the boat repairing market with other segments of the boat repairing market by size and growth, historic and forecast.

The maritime industry that includes shipping, boating, and sailing activities is one of the industries that has been majorly impacted due to the spread of COVID-19 disease. This epidemic has halted boating repair and related activities due to the shutdown of facilities. All commercial and marine recreational activity and personal pleasure boats have also been suspended to control the spread of the coronavirus. According to the Willis Towers Watson insights, over 3 billion citizens have been under lockdown resulting in a slowdown of economic activity and sinking of the global economy by -3.0%. The delay in re-establishing the supply chain networks and logistics capabilities will impact the boat building and repairing industry.

Robots are used for performing many activities in the maritime industry, from cleaning and maintenance to full-on driverless craft, to reduce the risk for humans and to increase the efficiency of the process. For instance, the Robotic Hull Bio-Inspired Underwater Grooming Tool, also called the Hull BUG, is a small robot that attaches to the underside of a vessel to clean the surface. According to the Sea Robotics estimates, 5% of fuel efficiency from regular cleanings saves about $15 billion per year in fuel costs and reduces 1 billion tons of greenhouse gas emission. Robots are expected to offer green and eco-friendly benefits.

The increasing demand for recreational boats is anticipated to boost the demand for the boat building market. Recreational boating is a popular leisure activity across the globe. Many people participate in recreational boating activities such as water skiing, fishing, and travel. According to the National Marine Manufacturers Association (NMMA), in 2018, the estimated number of boats in the USA was 15.8 million, including the boats that are not registered. The US recreational boating industry saw a seventh consecutive year of growth in 2018 with the retail unit sales of new powerboats of about 280,000 units in 2018, highest since 2007 and the sales grew by approximately 3-4% in 2019. The surge in recreational boating is likely to contribute to the demand for the boat repair market.

For more information about this report visit https://www.researchandmarkets.com/r/fimum7

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK & LONDON & PARIS--(BUSINESS WIRE)--Moody's ESG Solutions announced today that V.E has provided a Second Party Opinion (SPO) on Edison International’s Sustainable Financing Framework. The framework will govern future bond issuances to finance environmental and social project categories.

The eligible green projects aim to combat climate change through the avoidance of CO2 emissions, increase resilience to the physical effects of climate change, and improve energy efficiency. The eligible social projects intend to reduce inequality by enabling opportunities in Edison’s procurement for diverse business enterprises, such as small businesses that are owned by minority communities, women, veterans, and/or the LGBTQ+ community.

According to V.E, Edison’s framework is aligned with the four core components of the Green Bond Principles, Social Bond Principles and Sustainable Bond Guidelines.

“In our assessment, the bonds issued via this framework will provide an ‘advanced’ contribution to sustainability objectives,” said Adriana Cruz Felix, Head of Sustainable Finance Research at V.E. “Integrating renewable sources on the grid and supporting customers’ adoption of carbon-free technology are some of the key issues facing the electric utility sector – the renewable energy projects to be financed via Edison’s framework have the potential to positively impact the company, its supply chain and customers.”

V.E’s SPOs on sustainability credentials help market participants secure financing through sustainable bonds and loans, strengthen issuers’ and projects’ credibility, and give investors confidence. To date, V.E has produced more than 330 SPOs on sustainable financing operations worldwide. To learn more, please visit moodys.com/sustainable-finance.

V.E’s SPO on Edison International’s Sustainable Financing Framework is available here.

ABOUT MOODY’S ESG SOLUTIONS

Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody's Investors Service (MIS) and Moody's Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at www.moodys.com/esg.

Moody’s ESG Solutions:
Lisa Stanton
MD-Global Sales Lead/ESG
+1 (415) 874-6000
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Media inquiries:
Tim Whatmough
VP-Communications
+33 (153) 303-385
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DUBLIN--(BUSINESS WIRE)--The "Ship Building Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global ship building market as it emerges from the COVID-19 shut down.

The global ship building market is expected to grow from $147.98 billion in 2020 to $158.18 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $186.6 billion in 2025 at a CAGR of 4.2%.

Companies Mentioned

• Hyundai Heavy Industries
• Daewoo Ship Building & Marine Engineering Co Ltd
• Mitsubishi Heavy Industries
• Samsung Heavy Industries
• BAE Systems Plc
• Sumitomo Heavy Industries Ltd
• Damen Shipyards Group
• Fincantieri Spa
• General Dynamics Corp
• Huntington Ingalls Industries Inc.
• Hyundai Heavy Industries Holdings Co. Ltd.
• Oshima Ship Building Co. Ltd.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider ship building market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The ship building market section of the report gives context. It compares the ship building market with other segments of the ship building market by size and growth, historic and forecast.

The ship building market covered in this report is segmented by product into bulkers; tankers; containers; cruise and ferry; others and by application into passenger transportation; goods transportation.

The increasing seaborne trade is predicted to contribute to the growth of the ship building market. The rising population, surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods leading to high production and rapid industrialization. According to the United Nations Conference on Trade and Development (UNCTAD), international seaborne trade volume increased from 10.7 billion tons in 2017 to 11.0 billion tons in 2018 and is projected to expand at an average annual growth rate of 3.5% during 2019-2024. The manufacturing of eco-friendly and advanced ships is supported by the increasing requirement for efficient and cost-effective transport alternatives for the movement of goods. According to Alliance Experts, transport by sea allows shipping large volumes with lesser cost than that through road, rail, and air transport. This scenario is expected to drive the demand for the ship building market.

Stringent environmental regulations are expected to hinder the growth of the ship building market. This is because of the pollution derived from maritime shipping activities that affect air and water quality, and marine and estuarine biodiversity. For instance, the companies dealing in ship building in Finland have to follow all the rules under The Environmental Protection Act, a Finnish law (86/2000) created by the Ministry of Environment. Similarly, in Spain, the ship building companies are required to follow the Act of Air Quality and Protection of the Atmosphere. This scenario is likely to act as a major challenge for the ship building market's growth.

For more information about this report visit https://www.researchandmarkets.com/r/lw0e6z

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Regulatory hurdles, security, and technology limitations are among the barriers to market growth

BOULDER, Colo.--(BUSINESS WIRE)--#UAS--A new report from Guidehouse Insights provides an overview of unmanned arial systems (UAS) and drone technologies and their applications across critical energy infrastructure markets, as well as an overview of key industry trends, including market drivers and barriers.

UAS have become a useful and cost-effective technology to maintain and maximize operations across the varying sectors of the critical energy infrastructure. They are used to drive efficiencies in inspections of various critical assets such as the aging transmission and distribution (T&D) network, utility-scale baseload and renewable generation assets, mines, and all segments of the oil & gas (O&G) value stream. These technologies can also be used for emergency response, outage restoration, and search and rescue missions and can provide unparalleled benefits in terms of worker safety. According to a new report from Guidehouse Insights, the UAS and drone technologies market is expected to grow at a compound annual growth rate (CAGR) of 24.9% over the coming years, reaching $10.6 billion by 2030.

“The energy industry is a critical infrastructure industry because the destruction or weakening of the system would have a devastating impact on public health and safety, national security, and economic stability,” says Hannah Davis, senior research analyst with Guidehouse Insights. “With the ongoing evolution of advanced analytics capabilities, high speed communication networks, and secure connectivity, UAS are anticipated to drastically change the ways in which the energy system is maintained and operated.”

While market drivers have facilitated significant growth for UAS across critical energy infrastructure markets, major market forces are also suppressing growth in the short and long terms. These include regulatory hurdles such as beyond visual line-of-sight flights, cybersecurity and physical security concerns with the connected UAS platform, and technology limitations, such as limited battery life and flight efficiency.

The report, Unmanned Aerial Systems and Drones for Critical Energy Infrastructure, focuses on the drivers, barriers, and regional global trends aiding the adoption of UAS technologies in multiple industries. This report provides utility, O&G, mining, and UAS vendors with a study of the major markets globally, including specific regional developments and issues, in addition to technology trends. Technology segments included in this forecast are hardware, software and analytics, labor and services, and UAS as a service (UaaS). Energy industry adoption is forecast in the following industry segments: T&D lines, power plants, O&G well pads, transmission pipelines, refineries, and mines. All major global regions are included, and the forecast period extends through 2030. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse

Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.

* The information contained in this press release concerning the report, Unmanned Aerial Systems and Drones for Critical Energy Infrastructure, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

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Convenience store brand integrates task and workforce management across 360+ store locations

DEDHAM, Mass.--(BUSINESS WIRE)--Reflexis Systems (now part of Zebra Technologies), a leading provider of intelligent workforce management and execution solutions for multi-site businesses in retail, food service, hospitality and banking, today announced that Maverik — Adventure’s First Stop, has selected Reflexis ONE™ to integrate and streamline store execution and labor scheduling for more than 6,000 team members across 360+ locations.

Maverik, a leading convenience store brand operating in 11 states across the Intermountain West, chose Reflexis ONE to replace two disparate task and workforce management solutions. Maverik will utilize Reflexis ONE solutions including Reflexis Real-Time Task Manager, Reflexis Workforce Scheduler and Reflexis Time and Attendance to simplify tasks, labor operations and compliance, while empowering associates to deliver exceptional customer experiences.

“We chose Reflexis Systems because of its integration capabilities that offered Maverik the opportunity to combine workforce scheduling, time and attendance, and task management into the same platform,” said Danielle Mattiussi, Vice President of Retail Operations, Maverik. “Migrating to Reflexis ONE, a fully integrated task and workforce management solution, will enable us to achieve next-level performance benefits by simplifying scheduling and task execution for our employees.”

Reflexis ONE helps employees save time by anticipating store demand to ensure that each location has the right people scheduled at the right times, based on factors such as skillsets, customer traffic, and on-site workload. The platform brings together information from across the enterprise to solve the end-to-end work challenge, creating more efficient operations and enabling workers to spend more time serving the customer.

“Reflexis ONE has a long track record of helping convenience stores streamline operations and achieve more accurate labor forecasts,” said Suresh Menon, Senior Vice President and General Manager for Software Solutions, Zebra Technologies. “The platform’s integration of labor and task management capabilities allow Maverik to coordinate across stores, enhance execution and schedule labor to ensure every employee is visible, connected and fully optimized.”

KEY TAKEAWAYS

• Maverik — Adventure’s First Stop, a convenience store brand fueling adventures in 11 states across the Intermountain West, has selected Reflexis Real-Time Task Manager, Reflexis Workforce Scheduler and Reflexis Time and Attendance to empower teams to deliver an exceptional customer experience.
• Maverik chose Reflexis and Zebra Technologies for the fully interoperable platform, Reflexis ONE, that enables the business to simplify tasks, labor operations and compliance for more than 6,000 team members across 360+ locations.
• The recent acquisition of Reflexis Systems by Zebra Technologies enables teams to simplify communications, enhance task execution, and align labor with demand via AI-powered forecasting.

ABOUT ZEBRA TECHNOLOGIES

Zebra (NASDAQ: ZBRA) empowers the front line in retail/ecommerce, manufacturing, transportation and logistics, healthcare, public sector and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, Zebra delivers industry-tailored, end-to-end solutions to enable every asset and worker to be visible, connected and fully optimized. The company’s market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care. In 2020, Zebra made Forbes Global 2000 list for the second consecutive year and was listed among Fast Company’s Best Companies for Innovators. For more information, visit www.zebra.com or sign up for news alerts. Participate in Zebra’s Your Edge blog, follow the company on LinkedIn, Twitter and Facebook, and check out our Story Hub: Zebra Perspectives.

ABOUT REFLEXIS SYSTEMS

Reflexis Systems (now part of Zebra Technologies), is the leading provider of intelligent workforce management, execution and communication solutions for multi-site organizations in retail, food service, hospitality and banking. The Reflexis ONE™ intelligent work platform is used by our customers across the globe to simplify execution, improve communication and optimize labor decisions. Today, over 275 leaders in retail, food service, hospitality and banking are leveraging Reflexis ONE™ to achieve measurable improvements in customer engagement & employee productivity and retention. Reflexis Systems is headquartered in Dedham, Massachusetts and has offices in Atlanta, Columbus, London, Düsseldorf, and Pune (India), with additional sales presence across Europe and Latin America. For further information, please visit www.Reflexisinc.com.

Follow Reflexis on: LinkedIn | Blog | Twitter | YouTube

ABOUT MAVERIK

Maverik — Adventure’s First Stop fuels adventures in more than 360+ locations and growing across 11 western states, making it the largest independent fuel marketer in the Intermountain West. Locations include Arizona, Colorado, Idaho, New Mexico, Nebraska, Nevada, Oregon, South Dakota, Utah, Washington, and Wyoming. Maverik is known for its premium BonFire food, made fresh in every Maverik, every day, and awesome values on fuel, drinks, and snacks. Maverik sells exclusive products such as fresh-made, gourmet burritos, sandwiches, pizzas, toasted-subs, cookies, and coffee blends from around the world. For more information, visit maverik.com, Facebook, Instagram, Twitter, or YouTube. To save on every gallon of gas, earn free stuff, and get great deals with an Adventure Club card or a Nitro card, join the club by downloading the mobile app.

Media Contact:
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Zebra Technologies
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Tata Consultancy Services to Leverage Vision 25x25, Renewable Energy and Digital Technology to Reduce Carbon Emissions by 70% by 2025, and Become a Net Zero Emitter by 2030

MUMBAI, India--(BUSINESS WIRE)--#AI--Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has announced its plans to reduce its absolute greenhouse gas emissions across Scope 1 and Scope 2 by 70% by 2025 (over 2016 base year), and to achieve net zero emissions by 2030.

In its recently published Integrated Annual Report 2020-21, the company has set forth this new carbon reduction goal after having achieved the previous target of reducing its specific carbon footprint by half by 2020 (versus baseline year FY 2008), ahead of schedule. In FY 2021, TCS’ specific carbon footprint across Scope 1 and Scope 2 was lower by 61.6% compared to baseline year FY 2008.

At the core of TCS’ strategy to reduce its carbon footprint is improved energy efficiency through the addition of more green buildings to the company’s real estate portfolio, reduction of IT system power usage, and the use of TCS Clever Energy™, which leverages IoT, machine learning and AI to optimize energy consumption across campuses. TCS’ Vision 25x25 is a strategic lever that delinks TCS’ business growth from campus expansion, and brings down emissions related to employee commutes and business travel. Other elements of its net zero aspiration include greater use of renewable sources of energy and carbon removal offsets.

“Our net zero goal underlines our renewed commitment to environmental stewardship. To curb emissions and limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels, all organizations will have to reimagine existing business models and aim for sustainable growth. We are in a unique position to combine our purpose-driven world view with digital innovation to not only drive our own sustainability, but also partner with customers, civil society and governments to lead and shape solutions for a sustainable future,” said N G Subramaniam, COO & Executive Director, TCS.

TCS’ environmental footprint was significantly reduced in FY 2021 due to the large-scale switch to remote working, enabled by its Secure Borderless Workspaces™ operating model. With over 97% of employees working from home throughout the year, resource consumption, emissions and wastes were significantly lower. During the year, the company’s absolute energy consumption came down by 46.6% over the prior year, and absolute carbon footprint (Scope 1 + Scope 2) by 48.8%.

TCS will also continue its efforts in water conservation and waste management through reduction and recycling initiatives. All its campuses ensure zero biodegradable waste to landfill and zero water discharge. TCS has also eliminated the use of single-use plastics across campuses and ensured the recycling of all recyclable plastic waste.

TCS is certified under the ISO 14001:2015 Environmental Management System standard, across 120 locations globally. The company was recently awarded a Gold rating in the EcoVadis 2021 Sustainability Assessment, for the eighth consecutive year. TCS outperformed its peers in all four key areas of measurement: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement.

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 488,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com and follow TCS news at @TCS_News.

To stay up-to-date on TCS global news, follow @TCS_News.

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• Zoetis Foundation commits $35 million over 5 years to advance opportunities for veterinarians and farmers
• Donated over $6 million in community support during 2020 with nearly 10% of that supporting COVID-19 relief efforts
• On track to 100% renewable energy and RE100 commitment with 8.8% renewable electricity sourced

PARSIPPANY, N.J--(BUSINESS WIRE)--$ZTS #animalhealth--Zoetis today published its 2020 Sustainability Report “Our Journey Toward a Better World” describing its commitment to continued disclosure on environmental, social and governance (ESG) topics and progress toward the company’s Driven to Care long-term sustainability aspirations. The report highlights the company’s journey to champion a healthier, more sustainable future through specific commitments to Communities, Animals and the Planet; these commitments build on Zoetis’ purpose and help achieve the United Nations’ Sustainable Development Goals (SDGs). Complementing the report is a comprehensive ESG Appendix, an update from the company’s baseline disclosure published in November 2020, which shares key ESG performance indicators, including those set out by the Sustainability Accounting Standards Board (SASB) for the biotechnology and pharmaceuticals industry.

Building on its history of supporting the people who care for animals, Zoetis is proud to commit $35 million over five years through the newly established Zoetis Foundation. The signature work of the Foundation will advance opportunities for veterinarians and farmers, with grantmaking focused on enabling thriving professions and livelihoods. Initially, the Foundation will focus on scholarships and diversity initiatives to help drive a more inclusive veterinary community in the U.S. In 2022, the Foundation’s work will expand to support veterinary debt relief, additional diversity, equity and inclusion programming, and mental wellness for farmers and veterinarians in the U.S., as well as support farmer and veterinary livelihoods in Africa, Australia, Brazil, China and Europe.

“Zoetis has a long history of addressing important challenges faced by veterinarians and farmers. Our new charitable foundation represents the next chapter in extending and driving forward these commitments,” said Jeannette Ferran Astorga, Head of Sustainability at Zoetis and President of the Zoetis Foundation. “Specifically, the Zoetis Foundation will look for opportunities to address lack of diversity in both professions, the need for resources that support emotional well-being, financial burdens such as veterinary student loans, and lack of access to a higher standard of animal care in underserved areas.”

Caring for Communities and Colleagues

In 2020, Zoetis donated over $6 million to support animals and the people who care for them, with 9.6% of all community investments supporting COVID-19 relief efforts across the globe. As progress toward its goal to provide at least $1 million in scholarships to veterinary students annually, in 2020 the company provided over $934,000 in scholarships to support over 400 students. In the U.S., 34% of students supported by the Zoetis and Association of American Veterinary Medical Colleges Veterinary Student Scholarship Program were diverse. Zoetis also provided over $1.83 million through charitable programs and in-kind donations to care for animals impacted by disasters around the world.

“The events of the past year reaffirmed our purpose to nurture the world and humankind by advancing care for animals, and strengthened our resolve to champion a healthier, more sustainable future for people, animals, and the planet we share,” said Kristin Peck, Chief Executive Officer of Zoetis. “The world depends on animals for nutrition, comfort and companionship, and the people who care for them play essential roles in that dynamic. That was amplified by the COVID-19 pandemic. I’m incredibly proud of our colleagues who went above and beyond to safely and effectively connect with customers, keep our business operations running smoothly, and make a difference in their local communities to support the health of animals and people who care for them.”

Supporting colleagues and their health, well-being and safety was the company’s top priority in navigating the COVID-19 pandemic. Approximately 70% of Zoetis’ colleagues moved to remote working arrangements, while strict health and safety protocols were implemented at the company’s essential sites. In response to a survey, 85% of colleagues reported being satisfied with the company’s communication, actions and focus on well-being, and 94% of colleagues felt they were able to effectively perform their roles amidst the pandemic. In addition, Zoetis reported progress toward its aspiration to support colleagues and cultivate a safe, flexible, diverse and inclusive workplace, including specific improvements in the diverse representation of our workforce in the U.S. The report also highlights success as a leader for workplace inclusion by achieving a 100% score on the Human Rights Campaign’s Corporate Equality Index. To further support colleagues, Zoetis expanded its Colleague Resource Groups (CRGs) to bring together colleagues who share similar backgrounds and experiences or interests and can help work toward the company’s diversity, equity and inclusion aspirations.

Innovating for Animal Health

Based on the belief that healthier animals help make a healthier future for all, Zoetis is committing its innovation expertise to solve sustainability challenges facing animals and people. One of the company’s sustainability targets is continued investment in its Center for Transboundary and Emerging Diseases (CTED). Through the CTED’s inter-connected capabilities, Zoetis will continue to combat diseases that pose the greatest risk to animals and people and develop vaccines for high impact emerging infectious diseases including Foot and Mouth Disease, African Swine Fever and COVID-19.

More than ever before, SARS-CoV-2 (the virus that causes COVID-19 in people) put a spotlight on the important connection between animal health and human health. When concerns first surfaced in February 2020 about SARS-CoV-2 in domestic animals, Zoetis initiated development activities for diagnostic tests and a vaccine that could be used in animals. Building on the company’s experience with other coronavirus vaccines for animals, Zoetis completed initial studies in eight months, and the resulting vaccine has been used experimentally to help care for zoo animals at risk of being infected with SARS-CoV-2. Zoetis also developed and validated feline and canine-specific real-time Polymerase Chain Reaction (PCR) diagnostic tests for SARS-CoV-2.

Additionally, to provide products that support livestock farmers’ and veterinarians’ environmental, social and animal welfare goals, Zoetis is innovating across the continuum of care to predict, prevent, detect and treat health conditions. Promoting a preventive approach to animal health – and helping to reduce the need to use antibiotics to treat disease – is one way the company is innovating, including new vaccines introduced in 2020 for salmonids and poultry. Alpha ERM Salar and Poulvac^® E. coli both are having a direct impact on reducing antibiotics used in raising fish and poultry.

Protecting the Planet

To minimize the carbon footprint and improve environmental sustainability of the company’s locations, Zoetis reported it is sourcing 8.8% renewable electricity and progressing toward its RE100 commitment to source 100% renewable energy by 2050. Additionally, eight of the company’s international manufacturing sites are operating with 100% renewable electricity. To help meet its second goal to reduce energy intensity in manufacturing and research and development (R&D) by 5% by 2025, the company also shared progress of 2.2% reduction while at the same time increasing its production.

Zoetis is also committed to using resources wisely, including reducing its energy use and associated greenhouse gas emissions. The company reported reduction of energy intensity in manufacturing and R&D by 2.2% through investments in energy efficiency upgrades to manufacturing equipment, utilities including cooling towers, chillers and boilers, and LED lighting. Further, Zoetis reported progress to minimize its impact on the environment by reducing its generation of solid non-hazardous and hazardous waste by increased focus on recycling.

In rethinking product packaging to reduce the company’s environmental footprint, in 2020 Zoetis formed the Packaging Council to integrate sustainability considerations into all new packaging designs. The council is a cross-functional group that develops resources and considers recyclability, use of recycled and sustainable materials, and greenhouse gas emissions along with cost, time to market and customer experience.

Zoetis will continue to share updates on its sustainability activities, including progress against its Driven to Care goals, and report annually.

About Zoetis

As the world’s leading animal health company, Zoetis is driven by a singular purpose: to nurture our world and humankind by advancing care for animals. After nearly 70 years innovating ways to predict, prevent, detect, and treat animal illness, Zoetis continues to stand by those raising and caring for animals worldwide - from livestock farmers to veterinarians and pet owners. The company’s leading portfolio and pipeline of medicines, vaccines, diagnostics, and technologies make a difference in over 100 countries. In 2020, Zoetis generated revenue of $6.7 billion with ~11,300 employees. For more information, visit www.zoetis.com.

DISCLOSURE NOTICES

Forward-Looking Statements: This press release contains forward-looking statements, which reflect the current views of Zoetis with respect to: business plans or prospects, ESG commitments, goals and aspirations, the plans and future work of the Zoetis Foundation, and other future events. These statements are not guarantees of future performance or actions. Forward-looking statements are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, or if management's underlying assumptions prove to be incorrect, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Zoetis expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, including in the sections thereof captioned “Forward-Looking Statements and Factors That May Affect Future Results” and “Item 1A. Risk Factors,” in our Quarterly Reports on Form 10-Q and in our Current Reports on Form 8-K. These filings and subsequent filings are available online at www.sec.gov, www.zoetis.com, or on request from Zoetis.

All trademarks are the property of Zoetis Services LLC or a related company or a licensor unless otherwise noted.

© 2021 Zoetis Services LLC. All rights reserved.

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• Announces plan ahead of World Environment Day on June 5
• Plans to achieve this by reducing consumption & resource footprint, moving towards renewable energy and offsets
• Fund green products; Evaluate credit basis ESG scores

MUMBAI, India--(BUSINESS WIRE)--#CSR--HDFC Bank today announced plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. The Bank will continue to incorporate and scale up the use of renewable energy in its operations.

As part of its ESG strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG scores in its credit decisions. The Bank is also working on a framework for issuing green bonds.

This announcement, which comes just ahead of World Environment Day on June 5, is a part of the bank’s overall commitment to embed ESG principles in its business. The bank has a three-pronged strategy to achieve its objective to become carbon neutral: Reduce consumption, transition to renewable energy, and offset carbon footprint.

As a part of this strategy it is planning the following initiatives, amongst others:

• Decrease absolute emissions and energy consumed in line from current level of 315,583 MT CO2 emissions.
• Increase Rooftop Solar capacity in large offices.
• Convert 50% of our total sourced electricity to renewable energy.
• Create single use plastic free corporate offices.
• Plant 25 Lakh trees.
• Reduce water consumption by 30%.

“A shared future means that individuals, companies and countries all have to act together to mitigate the effects of climate change,” said Ms Ashima Bhat, Group Head - CSR, Business Finance and Strategy, Administration and Infrastructure, HDFC Bank. “Through this effort, we are supporting the country’s commitment in this direction. The broad strategy is in place and going forward we will fine tune it and introduce new measures if necessary. As a responsible corporate citizen, HDFC Bank is fully committed to help India mitigate the effects of climate change as well as help the country meet its international commitments under the Paris agreement.”

About HDFC Bank:

For more information please log on to: www.hdfcbank.com/csr.

Rajiv Banerjee
Vice President and Vertical Head – Corporate Communications
HDFC Bank Ltd., Mumbai.
Tel: 91 - 22 - 66521307 (D)
Mobile: 09920454102
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Completion of Test & Evaluation Phase Leads to Full-Rate Production

System to Add Electronic Attack Capability to Defend Navy Ships

TAMPA, Fla.--(BUSINESS WIRE)--$SYPR--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a full-rate production award from a U.S. DOD prime contractor to manufacture and test multiple electronic power supply modules for a large mission-critical U.S. Navy program. Production is expected to begin in the second half of 2021. Terms of the agreement were not disclosed.

The program is an electronic warfare improvement program for the U.S. Navy. The upgrade will provide the capability to actively jam incoming missiles that threaten a warship, cue decoys and adapt quickly to evolving threats. The improvements to the electronic attack portion will provide integrated countermeasures against radio frequency-guided threats and extended frequency range coverage according to the Navy.

The system is software-defined, meaning that, unlike analog radars of the past, the transmitters and receivers can easily adjust to send and receive different waveforms and allow the system to be more easily adaptable.

The adaptability for active electronic attack comes as foreign aggressors are developing several new classes of missiles simultaneously at a significant rate. Systems like this program and new directed energy weapons are part of the Navy’s bet to improve the odds of survival in conflict without having to invest in expensive new missile systems.

The system’s game-changing capability for non-kinetic electronic attack options has the potential to do much more. From advanced communications to multi-role waveforms, the multi-function applications of the system will provide enhanced mission capabilities to the U.S. Navy Fleet while presenting opportunities for future reductions in cost, size, weight, and power according to the U.S. Naval Institute.

“This award provides for the transition to full-rate production from low-rate initial production now that the operational test and evaluation phase has been successfully completed,” said Jim Long, Vice President & General Manager of Sypris Electronics. “Our customer is a worldwide leader in creating and delivering military radar, sensors and related products. We are excited to have this opportunity to grow our relationship with this important customer.”

Sypris Electronics is a trusted provider of electronic solutions, addressing customers’ needs for building complex, mission-critical electronic and electro-mechanical devices and integrated systems. Backed by 50 years of experience, Sypris’ engineering and manufacturing services span our customers’ product life cycle all within a culture of continuous improvement and Six Sigma/Lean thinking. Partners from multiple agencies and Tier One companies in Military (DOD), Space, Medical, Undersea, and Industrial markets team with Sypris to deliver high-reliability electronics built with strict adherence to regulated requirements. For more information, please visit www.sypriselectronics.com.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the federal securities laws. Forward-looking statements include our plans and expectations of future financial and operational performance. Such statements may relate to projections of the company’s revenue, earnings, and other financial and operational measures, our liquidity, our ability to mitigate or manage disruptions posed by COVID-19, and the impact of COVID-19 and economic conditions on our future operations, among other matters.

Each forward-looking statement herein is subject to risks and uncertainties, as detailed in our most recent Form 10-K and Form 10-Q and other SEC filings.

Briefly, we currently believe that such risks also include the following: the impact of COVID-19 and economic conditions on our future operations; possible public policy response to the pandemic, including legislation or restrictions that may impact our operations or supply chain; our failure to successfully complete final contract negotiations with regard to our announced contract “orders”, “wins” or “awards”; our failure to successfully win new business; the termination or non-renewal of existing contracts by customers; our failure to achieve and maintain profitability on a timely basis by steadily increasing our revenues from profitable contracts with a diversified group of customers, which would cause us to continue to use existing cash resources; the cost, quality, timeliness, efficiency and yield of our operations and capital investments, including the impact of tariffs, employee training, working capital, production schedules, cycle times; dependence on, retention or recruitment of key employees and distribution of our human capital; disputes or litigation involving governmental, supplier, customer, employee, creditor, warranty claims; our inability to develop new or improved products or new markets for our products; cost, quality and availability or lead times of raw materials and electronic components; our reliance on a few key customers, third party vendors and sub-suppliers; inventory valuation risks including excessive or obsolescent valuations or price erosions of raw materials or component parts on hand or other potential impairments, non-recoverability or write-offs of assets or deferred costs; failure to adequately insure or to identify product liability, environmental or other insurable risks; unanticipated or uninsured disasters, public health crises, losses or business risks; volatility of our customers’ forecasts, scheduling demands and production levels which negatively impact our operational capacity and our effectiveness to integrate new customers or suppliers, and in turn cause increases in our inventory and working capital levels; the costs of compliance with our auditing, regulatory or contractual obligations; our inability to patent or otherwise protect our inventions or other intellectual property from potential competitors; adverse impacts of new technologies or other competitive pressures which increase our costs or erode our margins; U.S. government spending on products and services, including the timing of budgetary decisions; changes in licenses, security clearances, or other legal rights to operate, manage our work force or import and export as needed; cyber security threats and disruptions; inaccurate data about markets, customers or business conditions; or unknown risks and uncertainties. We undertake no obligation to update our forward-looking statements, except as may be required by law.

Lawrence J. Bernicky
Vice President of Finance
(813) 972-6040

DUBLIN--(BUSINESS WIRE)--The "Wind Energy Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

The global wind energy market was valued at $62.1 billion in 2019, and is projected to reach $127.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027.

Wind energy is a renewable energy source, which is solely dependent on wind power. The hydrogen energy is stored in three forms, which include liquid, solid, and gaseous. In wind turbine, the wind energy is converted into electric energy through generator. Based on type, wind energy can be classified into offshore and onshore type. Some major applications of wind energy includes wind pumps, wind electricity generators, and wind battery charges.

Proliferating demand for renewable power source and growing concern from government regarding decarbonization are anticipated to drive the market growth. Power generation through floating wind turbine can significantly reduce carbon emission unlike conventional power sources. Furthermore, offshore wind turbine removes the water depth constraint while choosing site for wind power plant. Moreover, average wind speed is higher and more consistent at shore, which further improves capacity factor of wind turbine. Furthermore, wind turbines create more opportunities in the value chain, such as maintenance, repair, and installation, which can further improve economic activities, supporting job growth in ports. However, wind energy requires high capital cost, and it may face severe damage during heavy storms or hurricanes, which may further increase overall operational cost of wind turbine plants.

The global wind energy market is segmented on the basis of type, end-user, and region. Based on type, it is segmented into offshore and onshore. Based on end-user, the market is classified into industrial, commercial, and residential. Based on the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 Scenario Analysis

• The COVID-19 pandemic severely impacted the wind turbine manufacturing in countries such as China and Germany. For instance, Germany's Nordex SE reported negative EBITDA of $86.5 million down from positive EBITDA $21 million in previous.
• Additionally, limited availability of spares and manpower for maintenance is a major problem affecting the market growth. During high wind season, planned maintenance became a major issue for industry players, owing to reduced labor force and social distancing norms.
• Furthermore, project delays and cancellation of orders further affected the key markets for both blade production and wind turbine installations. For instance, Siemens Gamesa Renewable Energy SA accounted for a net loss of $577 million during its fiscal third quarter in 2020.
• However, shifting trend toward domestic supply chain may reduce the reliance on foreign imports encouraging domestic production of wind turbines. Furthermore, implementation of digitization will aid in remote monitoring for project execution; thus, limiting the labor force as much as possible.

Key Benefits

• The global wind energy market analysis covers in-depth information of major industry participants.
• Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides in-depth analysis of the global wind energy market forecast for the period 2020-2027.
• The report outlines the current global wind energy market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The key drivers, restraints, & market opportunity and their detailed impact analysis are explained in the study.

Market Dynamics

Drivers

• Surge in demand for renewable power sources
• Higher efficiency than that of fossil enery sources
• Environment friendly and reduced carbon emission

Restraint

• High installation and maintenance cost of offshore wind plants

Opportunity

• Advancements in wind turbine structure

Companies Profiled

• Ameren Corporation
• American Electric Power Company, Inc.
• Avangrid, Inc.
• ENERCON GMBH
• Exelon Corporation (EXC)
• General Electric Company
• NextEra Energy, Inc.
• Vestas Wind Systems
• Xcel Energy Inc.
• SIEMENS

For more information about this report visit https://www.researchandmarkets.com/r/du3kqs

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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$13.4 Million Round to Accelerate Transition of NEXT’s Photovoltaic Windows to Commercial Process, Testing and Certification

SANTA BARBARA, Calif.--(BUSINESS WIRE)--NEXT Energy Technologies, Inc., makers of a proprietary transparent photovoltaic coating that transforms commercial windows into energy-producing solar panels, announced today that it has raised $13.4 million in a Series C round of funding.

Lead investors in the round include Alon Blue Square Israel, Ltd., a group with major business activities and holdings across the real estate development and management market as well as energy, retail and public transportation sectors, predominantly in Israel; GEAR Innovation Network, the innovation arm of Golden Energy and Resources Ltd., one of the largest vertically-integrated mining, energy and resources groups in Southeast Asia and a part of the Sinar Mas Group; and Viracon, a leading architectural glass fabricator and subsidiary of Apogee Enterprises, a provider of architectural glass, aluminum framing systems, and installation services for commercial buildings around the world. Highly regarded real estate family office Rincon Advisors also participated in the financing.

There is strong strategic alignment between NEXT and its financing partners. The company’s new strategic investors provide NEXT with broad access and insight into the global commercial real estate market and architecture, engineering and construction communities. Investment in NEXT will provide them access to a clear and powerful energy solution that will power our buildings and protect our planet.

“Workplaces of the future must evolve into safer, healthier and more climate-compliant spaces,” said Daniel Emmett, CEO of NEXT. “As we emerge from COVID-19, workers returning to their offices are actively re-evaluating the role offices and buildings play in their lives; and architects, developers and employers are listening.”

The buildings sector accounts for about 76% of electricity use and 40% of all U.S. primary energy use and associated greenhouse gas (GHG) emissions, according to U.S. government statistics. NEXT has developed low-cost, printable, transparent coatings that are seamlessly integrated into windows, enabling them to function like solar panels – harvesting and converting sunlight into renewable energy to power commercial buildings. Early partners testing demonstration units of the new NEXT photovoltaic windows believe the product can help them gain a competitive advantage and lower operating costs, while simultaneously addressing climate impacts of buildings.

“New building materials and innovative designs are now required to enable buildings to meet net-zero and sustainability requirements. We believe our photovoltaic windows are ideally aligned to support the global energy transition to renewables, and this new funding is accelerating our plans,” Emmett said.

Proceeds from this round of financing are already accelerating the transition to large-area coating for commercialization, pilot installations, durability testing, and industry certification, in preparation for use by leading window manufacturers.

“An undeniable takeaway from 2020 is that health, climate change, and equity are inseparably linked,” said Andy Cohen, CEO of Gensler and a board member at NEXT. “As we move on from lockdown living, the places we occupy must support well-being at an individual level. On a larger scale, buildings must be sustainable, show returns and make positive impacts on their neighborhoods and the global ecosystems to which they contribute. The breakthrough window solutions from NEXT will be a step towards helping us meet that goal,” Cohen continued.

This new round of funding follows the company’s recent selection into the CalTestBed Initiative, a California Energy Commission (CEC) funded effort to speed the commercialization of clean energy technologies. This program is led by New Energy Nexus in partnership with the University of California Office of the President and Lawrence Berkeley National Laboratory.

NEXT is one of 25 startup companies selected for this program and receiving CEC support to help the state meet its goal of achieving 100 percent clean energy by 2045. As a participant, NEXT is receiving up to $300,000 in third-party testing to demonstrate and enhance the reliability of the company’s organic photovoltaic modules with experts at UC Santa Barbara’s Optical Characterization facility in Santa Barbara, CA. The program also provides the opportunity to develop commercialization partners and engage potential customers.

About NEXT Energy Technologies, Inc.

NEXT Energy Technologies is a Santa Barbara, California company developing transparent energy harvesting window technology that allows architects and building owners to transform windows and glass facades into producers of low-cost, on-site, renewable energy for buildings. NEXT's technology is enabled by proprietary organic semiconducting materials that are earth-abundant, low-cost, and are coated as an ink in a high-speed, low-cost, and low energy process. For more information, visit https://www.nextenergytech.com/.

Eric Becker
104 West Partners
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Techstars, Oak Ridge National Laboratory, Tennessee Valley Authority and the University of Tennessee announce new accelerator focused on emerging technologies to support technological breakthroughs and economic security

KNOXVILLE, Tenn.--(BUSINESS WIRE)--Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of the Techstars Industries of the Future Accelerator, a new Oak Ridge-Knoxville based program committed to supporting and advancing world-class startups focused on emerging technologies across industries including artificial intelligence, advanced manufacturing, quantum information science, 5G/advanced wireless technology, biotechnology and clean energy technology. This marks the first of Techstars’ accelerator programs based in Tennessee.

The accelerator will run in partnership with Oak Ridge National Laboratory (ORNL), Tennessee Valley Authority (TVA) and the University of Tennessee (UT) in support of the organizations’ shared missions of identifying, developing and implementing innovation solutions across the Industries of the Future and staying at the forefront of these competitive and evolving industries.

“Working with ORNL, TVA and UT to foster an environment where startups building advancements in the Industries of the Future can come together and thrive is a unique and galvanizing opportunity,” said Techstars General Manager Nancy Wolff. “The heart of the Oak Ridge Corridor and the abundant scientific research and quantum computing facilities available to entrepreneurs is game changing for startups tackling the most critical problems of our future.”

Ten startups will be selected to participate in each annual accelerator class where they will receive funding and hands-on mentorship from the Techstars, Oak Ridge National Laboratory, Tennessee Valley Authority and the University of Tennessee networks, access to curated workshops and resources and admittance to the Techstars global network for life. In bringing these startups to Oak Ridge-Knoxville, the program will support and drive growth of the region’s entrepreneurial ecosystem.

The chief executives of the three partners will discuss the accelerator today at the Tennessee Valley Corridor Summit at the University of Tennessee.

“Research and technologies from ORNL and from companies that have grown up here have made a difference in lives around the world,” said Thomas Zacharia, director of Oak Ridge National Laboratory. “In the next three years, the Techstars accelerator will attract high-potential companies in fields that will define the economy in the generations to come. This is a unique opportunity to share our region’s great strengths with rising entrepreneurs.”

The inaugural class of the Techstars Industries of the Future Accelerator will operate over a three-month period from January 2022 through April 2022. Applications will open for the first year of the program this July 19, 2021 and be accepted through October 6, 2021.

“The University of Tennessee is committed to being an economic driver for the region,” said Randy Boyd, president of University of Tennessee. “The resources available with our partners and through the Techstars Industries of the Future Accelerator will establish Knoxville as a world-class location for breakthrough technology startups to benefit people and provide jobs. Working together, this initiative will catalyze tremendous entrepreneurial growth for our region’s future.”

"Today, innovative startup companies have the opportunity to deliver impactful benefits, similar to those of nearly 90 years ago when TVA first brought electricity that transformed the lives of the people in this region we are privileged to serve," said Jeff Lyash, president and CEO of TVA. "We look forward to supporting the companies that participate in the Techstars Industries of the Future Accelerator to drive advanced solutions with enormous energy, economic and environmental benefits for the people of the Valley, the country and the world."

Startups interested in the program are encouraged to learn more by visiting the Techstars Industries of the Future Accelerator page or expressing interest here. Corporations interested in corporate innovation partnership opportunities with Techstars can learn more at techstars.com/corporations.

About Techstars

The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,500 companies with a combined market cap of more than $207B. www.techstars.com

About the University of Tennessee

Founded in 1794, UT is big on tradition, and is proud of its beginnings as the first public university chartered west of the Appalachian Divide. The UT System enrolls about 50,000 undergraduate and graduate students statewide, and more than 11,000 students graduate from UT campuses each year. The UT System’s delivery of education, discovery, outreach and public service contributes to the economic, social and environmental well-being of all Tennesseans.

About Oak Ridge National Laboratory

Oak Ridge National Laboratory is the largest US Department of Energy science and energy laboratory, conducting basic and applied research to deliver transformative solutions to compelling problems in energy and security. ORNL’s diverse capabilities span a broad range of scientific and engineering disciplines, enabling the Laboratory to explore fundamental science challenges and to carry out the research needed to accelerate the delivery of marketplace solutions.

About the Tennessee Valley Authority

The Tennessee Valley Authority provides electricity for 153 local power companies serving 10 million people in Tennessee and parts of six surrounding states, as well as directly to 57 large industrial customers and federal installations. We don't get taxpayer funding; rather our revenues come from sales of electricity. TVA also provides flood control, navigation and land management for the Tennessee River system, and assists local power companies and regional governments with their economic development efforts.

Media
Ali Whitman
Techstars
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Tiffany Utsman Carpenter
University of Tennessee
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Morgan McCorkle
Oak Ridge National Laboratory
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Malinda Hunter
Tennessee Valley Authority
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• Focused on expanding the Company’s large projects business nationwide
• Dus has executed over $1 billion of solar assets across 1400 projects throughout the US
• Capacity to reduce iSun execution costs with unique process management

BURLINGTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (Nasdaq: ISUN) (“ISUN” or the “Company”) a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, announced yesterday that Daniel Dus, a renewable energy business expert, has resigned from the Company’s Board and been appointed President of its utility division, effective June 2, 2021.

Jeffrey Peck, iSun’s Chief Executive Officer, commented, “Daniel has been a multi-faceted expert, leader and veteran in the renewable energy sector. Over his 15-year career in the renewable energy sector, he has demonstrated exceptional thought leadership in the development, construction, and financing of solar projects. We look forward to leveraging his informed insights and strategic contributions, as we continue to expand our range of unique offerings, from serving small commercial to utility-scale solar energy and clean mobility projects. Having helped build multiple large national solar EPCs, we are confident that Daniel’s addition to our executive team will support our continued commitment to drive higher shareholder value through growth and profitability.”

Mr. Dus previously served as Head of Renewables Business, USA for a large, fully integrated $100+ billion multinational company, ranked the largest solar company in the world by Mercom Capital. Having served in various solar industry executive roles throughout his career, Mr. Dus has managed the execution of over $1 billion of solar assets across 1,400 projects in 17 States, nationwide. He has held various strategic, financial, and management roles throughout and has been an influential leader focused on eliminating barriers in order to most effectively deploy and utilize renewable energy.

Daniel Dus commented, “Following its SPAC acquisition in 2019, iSun has solidified a unique advantage as a publicly traded solar company with an aggressive and perfectly timed rapid growth strategy. I couldn’t be more excited to join the management team of iSun, which has a long history of bringing innovative solutions to both its core and ancillary businesses. I’m honored to leverage my experience deploying solar nationally to meet customer’s project needs in my new role and feel fortunate that I can use my passion for iSun’s mission to help decarbonize the energy industry.”

Mr. Dus is a certified solar designer, holds an MBA from Drexel University, is a Stanford-certified project manager, Villanova-certified Six Sigma Master Lean Blackbelt, while holding dozens of certificates in energy hedging, grid infrastructure and emerging energy technologies as well as OSHA 30.

ABOUT iSun

Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the United States, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging to large utility renewable energy solutions. Since entering the renewable energy market in 2012, iSun has installed over 400 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 76,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

IR Contact:
Michael d’Amato
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today the release of its inaugural Environmental, Social and Governance (ESG) report entitled Bettering Human Lives. The 2020 ESG report is organized in two broad sections. Part 1 underscores the importance of worldwide clean energy access by providing a comprehensive review of the relationship between energy, poverty and climate change. Part 2 details the company’s focus on making a positive impact on society by operating with integrity, covering Liberty’s governance systems, environmental excellence, strategic opportunities and community engagement.

“It is simply not possible to discuss the environmental and social impacts of our industry without considering the environmental and human impacts of the absence of our industry,” commented CEO Chris Wright. “The progress in the human condition leading to the modern world was enabled by the surge in plentiful, affordable energy. Today, unfortunately, many people still lack access to life-enhancing modern energy. This presents the most pressing global energy challenge and gaining a broader understanding of climate change science and the upsides and downsides of the impacts of mitigation is a responsibility that Liberty takes seriously.”

Mr. Wright continued, “We chose our name, Liberty, because we believe in human liberty: everyone should have the freedom and opportunity to pursue their dreams. This ethos pervades our culture, allowing us to be a force for disruptive change in the service industry since our founding a decade ago. Investment in our employees, innovation in an ever-changing environment, and a robust governance system has allowed us to grow into one of the largest North American completions companies by sustaining these competitive advantages through cycles. The market’s current focus on ESG aligns with the principles that have been a part of our DNA since day one. Our ESG report is the next step in our sustainability leadership journey of providing an informative view of how ESG principles are foundational to our strategy.”

The 2020 ESG report introduces Sustainability Accounting Standards Board (SASB) disclosure and is guided by other ESG standards to inform our discussion. Data performance metrics and disclosures cover 2020 unless otherwise noted.

To learn more about the company’s ESG efforts, read the 2020 ESG report, Bettering Human Lives, here and at Liberty’s investor relations website at http://investors.libertyfrac.com.

About Liberty

Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

Michael Stock
Chief Financial Officer
303-515-2851
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DUBLIN--(BUSINESS WIRE)--The "Industrial Absorbent Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global market for industrial absorbents is expected to register a CAGR of more than 3% during the forecast period.

Companies Mentioned

• 3M
• ANSELL LTD
• Brady Worldwide Inc.
• Decorus Europe
• Johnson Matthey
• Kimberly-Clark Worldwide Inc.
• Meltblown Technologies Inc.
• Monarch Green Inc.
• TOLSA
• UES Promura

Key Market Trends

Oil and Gas Industry to Dominate the Demand

• In the oil and gas industry, absorbents are widely used to repel water and absorb only oil and other hydrocarbon products.
• The expansion of oil refineries is expected to increase the demand for absorbents, thereby driving the market. Growth in demand for oil and its subsequent products, worldwide, is also expected to drive the market.
• The increasing number of drilling operations in the North American and Middle Eastern regions is expected to positively impact the demand for the market studied.
• There is an increase in the number of exploration and production operations, as many oil and gas players are looking for new prospects in the crude oil sector, which may enhance the usage of absorbent in the industry.
• Additionally, several downstream projects are lined up in the Asia-Pacific and the Middle East, to meet the growing demand from consumers, which is driving the market in the oil and gas sector.
• Therefore, the demand for industrial absorbents is expected to grow from the oil and gas industry over the forecast period.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region is expected to account for the largest and the fastest-growing market for industrial absorbent during the forecast period.
• China is a hub for chemical processing, accounting for a major chunk of the chemicals produced globally. The country contributes more than 35% of global chemical sales. The chemical plants are another prominent end-user industry in China.
• Many major companies in the market have their chemical plants in China. With the growing demand for various chemicals, globally, the demand for the market studied from this sector is projected to grow during the forecast period.
• India was the fourth-largest consumer of oil in the world, in 2019. The oil and gas industry of the country has been growing rapidly, and the players are undertaking investments to cater to the burgeoning demand. The industry is expected to attract investments of USD 25 billion in exploration and production by 2022.
• The chemical processing industry in the country is highly diversified and manufactures more than 70,000 products. The country is the 3rd-largest chemical producer, in terms of volume, in Asia, and 7th by output, globally.
• According to the India Brand Equity Foundation (IBEF), the chemical sector of the country is growing rapidly to reach USD 300 billion by 2025, with an annual growth of about 15% to 20%. Therefore, the demand for industrial absorbents is expected to increase from the chemical industry in the coming years.
• Hence, with such trends, the demand for industrial absorbents in the Asia-Pacific region is expected to grow considerably 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 from the Oil and Gas Industry

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Material Type

5.2 Type

5.3 End-user Industry

5.4 Geography

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/n0d8rx

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Inc., (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a clean energy company focused on the integrated production of lithium hydroxide to support the U.S. electric vehicle supply chain, today announced the appointment of Michael White as Executive Vice President and Chief Financial Officer. Reporting to the CEO, Keith Phillips, Mr. White brings deep accounting and finance experience to Piedmont, and will oversee the Company’s financial accounting and reporting, budgeting and forecasting, internal controls, compliance, treasury, tax, and risk management functions.

“We’re delighted to welcome Michael as our Chief Financial Officer and the newest member of our fast-growing leadership team,” said CEO, Keith Phillips. “We are entering an exciting phase for Piedmont as we prepare to allocate capital and ramp-up physical operations of our integrated lithium hydroxide business in North Carolina. Michael’s proven track record of developing and executing finance organizational strategy and solving complex business issues will be invaluable to us as we operate as a U.S. domiciled company. His background in controllership, corporate governance, public company reporting, financial planning and analysis and long-term strategic planning make him a great addition to our Piedmont family.”

Mr. White joins Piedmont from ChampionX Corporation (NASDAQ: CHX), formerly Apergy Corporation (NYSE: APY), a multi-billion-dollar manufacturing, chemicals, and services company, where he served as Vice President, Chief Accounting Officer and Corporate Controller with responsibilities for leading the company’s global accounting and financial reporting. In this role, Mr. White led enterprise-wide transformation of the global controllership function, created sustainable financial reporting with key performance metrics for operational leadership, and provided financial leadership related to mergers and acquisition activities, including a successful IPO. Prior to ChampionX, Mr. White held the position of Senior Vice President, Chief Accounting Officer and Corporate Controller for Aegion Corporation (NASDAQ: AEGN), a global manufacturing and services company serving the industrial, oil and gas and water industries. Mr. White has held senior financial leadership positions throughout his 25-year career with companies primarily in the energy and technology sectors, including roles as Chief Financial Officer of Baker Energy and as a manager in the assurance practice with Ernst & Young.

Mr. White earned his Bachelor of Science in Accounting and Finance from the University of Houston and is a licensed CPA and member of the American Institute of Certified Public Accountants.

About Piedmont:

Piedmont is developing a world-class integrated lithium business in the United States, enabling the transition to a net zero world and the creation of a clean energy economy in America. Our location in the renowned Carolina Tin Spodumene Belt of North Carolina, positions us to be one of the world’s lowest cost producers of lithium hydroxide and the most strategically located to serve the fast-growing U.S. electric vehicle supply chain. The unique geographic proximity of our resources, production operations and prospective customers, places Piedmont on the path to be the most sustainable producer of lithium hydroxide in the world and allow Piedmont to play a pivotal role in supporting America’s move to the electrification of transportation and energy storage. Additional information is available at www.piedmontlithium.com.

Keith Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to transform one of the nation’s largest energy infrastructure networks through digital technology and innovation while advancing our net zero emissions goals.

“Williams shares Microsoft’s vision for a low carbon future. Likewise, Williams is committed to helping our customers achieve their sustainability goals while meeting energy demand with the reliability of clean natural gas and renewable energy sources,” said Alan Armstrong, president and chief executive officer at Williams. “This alignment between two forward-looking companies demonstrates the environmental and economic benefits that are possible when we work together to achieve reductions in carbon emissions.”

“Microsoft looks forward to working with Williams on their energy transition journey,” said Darryl Willis, corporate vice president of energy at Microsoft. “Through digital transformation and a focus on a net zero carbon future, we will be able to unlock new business models and untapped value.”

Through the MoU, Williams and Microsoft will begin to:

• Explore lower carbon opportunities with a focus on the development of a hydrogen economy, renewable natural gas products, carbon capture utilization and storage, and energy storage solutions.
• Evaluate ways for Williams to leverage Microsoft Azure services and solutions to further improve emissions monitoring and reporting.
• Identify operational efficiencies through a connected workforce and data-driven intelligence.

The MoU also supports Williams’ near-term climate commitment of 56% absolute reduction in company-wide greenhouse gas (GHG) emissions by 2030 by leveraging technology available today to reduce emissions, scale renewables and build a clean energy economy – while looking forward and anticipating future innovations on the path to net zero by 2050.

Since 2005, Williams’ infrastructure has helped the U.S. decrease GHG emissions by 33 million metric tons — the equivalent of removing more than 7 million gasoline-powered cars from the road for a year.

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