The global penetration of smart meters is expected to climb from approximately 44% at the end of 2020 to 56% by the end of 2028, resulting in over 1.2 billion devices globally
BOULDER, Colo.--(BUSINESS WIRE)--#AI--A new Leaderboard report from Guidehouse Insights examines the strategy and execution of 12 smart meter analytics vendors, with Oracle, Landis+Gyr, and Itron ranked as the leading market players.
Smart meters, often considered the original smart grid device, have been used by utilities seeking benefits around billing, outage, and workforce considerations. In recent years, data analytics have emerged to provide additional value-adds in areas such as grid optimization, customer experience (CX), distributed energy resources (DER) integration, and more. Click to tweet: According to a new Leaderboard report from @WeAreGHInsights, Oracle, Landis+Gyr, and Itron are the leading smart meter analytics providers.
“The depth of Oracle’s smart meter software solution portfolio outranks the competition with features such as meter data management, grid analytics, customer analytics, and an IT/OT portfolio,” says Michael Kelly, senior research analyst with Guidehouse Insights. “Along with Itron, Landis+Gyr is the only other profiled vendor with an end-to-end portfolio of AMI solutions, including a head end system (HES), a meter data management system (MDMS), smart meters, and analytics.”
Drivers for smart meter analytics in the utility market are abundant and evolving rapidly as smart meters continue to saturate the market, new use cases are explored, market competition increases, and grid and data management become increasingly paramount. According to the report, the global penetration of smart meters is expected to climb from approximately 44% at the end of 2020 to 56% by the end of 2028, resulting in over 1.2 billion devices globally by the end of the forecast period. Furthermore, the growing number of second-generation smart meter projects are expected to rely heavily on advanced smart meter analytics to maximize the value of these deployments.
The report, Guidehouse Insights Leaderboard: Smart Meter Analytics, provides an overview of the companies involved in the smart meter analytics market and their Strategy and Execution in developing, marketing, and delivering these solutions. Companies are compared based on 10 criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product portfolio; pricing; and staying power. Company ratings capture the vendor’s standing at the time of the report and are not a retrospective of past accomplishment or an indication of future success. In this market, ratings are likely to shift as companies consolidate and switch focus and smart meter analytics applications continue to evolve. 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, Guidehouse Insights Leaderboard: Smart Meter Analytics, 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.
Lindsay Funicello-Paul
+1.781.270.8456
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CHICAGO--(BUSINESS WIRE)--#DeepTechU--The University of Chicago’s Polsky Center for Entrepreneurship and Innovation is pleased to announce the launch of DeepTechU, a venture conference showcasing deep tech innovation and 48 investor-ready companies from universities and national labs.
“The Polsky Center launched DeepTechU to help shine a brighter light on all the emerging deep technologies coming out of the greater Midwest," said Jay Schrankler, Associate Vice President and Head of the Polsky Center for Entrepreneurship and Innovation. “There is incredible work being done here and we are excited to partner with top research institutions and Big 10 schools in supporting breakthrough innovations that will change the way we live in the future.”
The virtual conference will take place April 20-22, 2021, and feature quick pitches as well as discussions with industry experts and entrepreneurs.
“The Midwest is uniquely positioned to lead in deep tech, meaning the types of early-stage technologies that require fundamental breakthroughs to advance science and move innovations into use in the world,” said Juan de Pablo, University of Chicago Vice President for National Laboratories, Science Strategy, Innovation, and Global Initiatives. “The Midwest is home to some of the world’s premier efforts in materials science and engineering, sustainability, energy storage, or quantum information sciences, to name a few areas that are central to deep tech development.”
The goal of the conference is two-fold: provide early looks into cutting-edge deep tech innovation emerging from universities, national labs, and partner organizations in the greater-Midwest, and educate other researchers and faculty inventors on what investors are looking for to successfully raise capital.
"We believe deep tech will play an essential role in addressing many of the challenges facing society today, by responding quickly to develop new therapies, agricultural solutions, and transformational uses for synthetic biology,” said Chris Meldrum, Entrepreneur-in-Residence at DCVC Bio. “I’m excited to participate in DeepTechU to not only draw attention to the breakthroughs happening in deep tech, but also to highlight the innovative work coming out of the Midwest."
DeepTechU is organized by the University of Chicago's Polsky Center for Entrepreneurship and Innovation, which has a 25-year successful track record applying world-class business expertise from the University of Chicago Booth School of Business to bring new ideas and groundbreaking innovations to market.
The conference is presented in collaboration with Centrepolis Accelerator at Lawrence Technological University, Chain Reaction Innovations at Argonne National Laboratory, Fermi National Accelerator Laboratory, Indiana University, Innovation Crossroads at Oak Ridge National Laboratory, The Keenan Center for Entrepreneurship at The Ohio State University, Penn State University, Purdue University, NuTech Ventures at the University of Nebraska Lincoln, Northwestern University, Rutgers University, University of Illinois at Chicago, University of Illinois at Urbana-Champaign, University of Iowa, University of Maryland, University of Michigan, University of Minnesota, University of Nebraska, Washington University in St. Louis, and the Wisconsin Alumni Research Foundation (WARF) at the University of Wisconsin-Madison.
Additional partners include Clean Energy Trust, Discovery Partners Institute, Illinois Science & Technology Coalition, P33, Startup Chicago, and World Business Chicago.
For more information and to register for the conference, visit deeptechu.com.
About the Polsky Center for Entrepreneurship and Innovation at the University of Chicago
The Polsky Center for Entrepreneurship and Innovation applies world-class business expertise from the University of Chicago Booth School of Business to bring new ideas and breakthrough innovations to market. Home of the University’s technology transfer office, the Polsky Center’s dedicated team of professionals with deep technical expertise enabling technology commercialization perform market analysis, manage intellectual property, identify partners, and negotiate partnerships and licenses for discoveries and inventions developed by faculty, researchers, and staff. Learn more at polsky.uchicago.edu and follow updates on Twitter @polskycenter.
Fill out the “Get Started with the Polsky Center” form to subscribe to our bi-monthly newsletter, Partners in Innovation, which features the latest research, news, and updates from the Science and Technology team.
Alexia Elejalde-Ruiz
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Logistics Market in EMEA 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The oil and gas logistics market in EMEA is poised to grow by $383.91 mn during 2021-2025 progressing at a CAGR of 2%.
The market is driven by the growing crude oil production in EMEA and shifting freight from over-the-road to intermodal.
The report on oil and gas logistics market in EMEA provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current EMEA market scenario, latest trends and drivers, and the overall market environment. The oil and gas logistics market in EMEA market analysis includes type segment and geographical landscapes.
This study identifies the rise in demand for contract logistics services in oil and gas industry as one of the prime reasons driving the oil and gas logistics market in EMEA growth during the next few years.
The publisher robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas logistics market in EMEA vendors that include Achilles Information Ltd., Agility Public Warehousing Company KSCP, BDP International Inc., Bollore SA, Schenker AG, DHL International GmbH, DSV Panalpina A/S, Gulf Agency Co. Ltd., Kuehne + Nagel International AG, and NOATUM HOLDINGS SLU.
Also, the oil and gas logistics market in EMEA analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type of transportation
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6dixz3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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33 MW DC portfolio to provide renewable energy for the Greater Portland area
OAKLAND, Calif.--(BUSINESS WIRE)--Adapture Renewables Inc. announced today the completion of a portfolio of ten solar projects totaling 33 megawatts (MWdc) across the Portland, Oregon metropolitan area. Adapture Renewables acquired the portfolio in early 2019 and successfully brought all of the projects to commercial operation by February 2021.
“There are inherent challenges with multi-project portfolios, which require diligent management of development, financing and construction,” said Goran Arya, Director of Business Development at Adapture Renewables. “Knowing this, we intentionally built flexibility into project designs and leveraged in-house expertise in order to streamline the permitting and transactions, and successfully commission all ten projects on schedule.”
The portfolio was financed by tax equity partner U.S. Bank. “Since 2008, U.S. Bank has invested more than $12.6 billion to help finance the development of more than 15 gigawatts of solar energy across the country,” said Eric Barr, Vice President of Renewable Energy Investments with U.S. Bancorp Community Development Corporation, the tax equity and community investments subsidiary of U.S. Bank. “We’re excited to partner with Adapture Renewables and grow solar capacity in the Portland area. We want to be responsible stewards of the environment and investing in solar is one of the ways U.S. Bank can achieve that.”
Adapture Renewables will continue to own and operate the portfolio and sell the generated electricity under a long-term power purchase agreement to the public utility, Portland General Electric. Oregon's Renewable Portfolio Standard requires that utilities procure 50 percent of their power from renewable sources by 2040. In addition to providing reliable clean energy, the portfolio has created jobs in the Portland area and will continue to generate tax revenue for the local jurisdictions.
With this set of projects, Adapture Renewables increases its portfolio of solar energy generating assets in Oregon to 67 MWdc, and to 242 MWdc in total across the country.
About Adapture Renewables, Inc.
Adapture Renewables, Inc. is a solar project developer (and M&A shop), owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive solar projects from origination to long-term operation. Majority-owned by KIRKBI – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO® brand through generations – Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to solar project development and is invested in its projects’ long-term success. The company’s culture of creative problem-solving and shared mission to accelerate the global transition to clean energy contribute to the company’s success deploying, owning and operating solar assets across ten states in the US. Adapture Renewables, Inc. is based in Oakland, CA. For more information about Adapture Renewables, Inc., visit https://adapturerenewables.com/.
Camille Cater
Adapture Renewables, Inc.
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5% Reduction in CO2 Emissions Also Verified in Low-Load Cycle
COLUMBUS, Ind. & SAN JOSE, Calif.--(BUSINESS WIRE)--#SAE--Cummins Inc. (NYSE: CMI) and Tula Technology, Inc., a leader in propulsion efficiency, announced today at the Society of Automotive Engineers World Congress in Detroit the results of their collaborative study on the effectiveness of Tula’s diesel Dynamic Skip Fire (dDSF™) in reducing nitrogen oxides (NOx) and carbon dioxide (CO2) emissions on a Cummins X15 HD Efficiency Series diesel engine.
Low-load cycle performance was estimated with a well-calibrated powertrain simulation tool to accurately capture the low-load system operation and emissions. This system showed a 74 percent reduction in NOx and a 5 percent reduction in CO2 compared with today’s clean diesel technologies. In comparison with current engine technologies and modifications to the thermal management techniques, dDSF saved 20% in fuel, validating dDSF as a more fuel-efficient means of reducing NOx.
Cummins and Tula demonstrated the positive dDSF results in a Class 8 truck powered by a Cummins X15 HD engine. The dDSF test results highlight a promising technical advancement for an industry seeking strategies to address future, more stringent NOx emissions regulations for diesel engines.
“Our mission at Cummins is to make people’s lives better by powering a more prosperous world, and we accomplish this through innovation,” said Lisa Farrell, Director, Accelerated Technology Center for Cummins Inc. “Tula’s dDSF technology provides significant benefits to reducing NOx and CO2 emissions under low-load vehicle operation, which will aid our efforts to produce more reliable, more powerful engines while meeting our environmental goals.”
“NOx standards are becoming progressively more stringent for diesel engines, and meeting those standards is increasingly challenging, even for a class-leading, efficient engine like the Cummins X15 HD,” said R. Scott Bailey, president and CEO of Tula Technology. “Our dDSF is a powerful and unique technology that enables original equipment manufacturers to significantly reduce NOx emissions that contribute to smog while simultaneously reducing fuel consumption and greenhouse gas production. We appreciate the opportunity to work with Cummins to demonstrate the capability of our technology.”
Dynamic Skip Fire is an advanced cylinder deactivation control strategy that makes decisions for an engine’s cylinders on an individual basis to best meet torque demands while saving fuel and maintaining performance. Tula’s original Dynamic Skip Fire (DSF®) software has been shown to significantly reduce CO2 emissions in gasoline engines and has been in production since 2018 with more than one million vehicles on the road. dDSF is the Dynamic Skip Fire application for diesel engines.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
About Tula Technology, Inc.
Silicon Valley-based Tula Technology provides innovative award-winning software controls to optimize propulsion efficiency and emissions across the mobility spectrum, including gasoline-powered, diesel, alternative fuel, hybrid, and electric vehicles. Tula’s culture of innovation has resulted in breakthrough technology and a robust global patent portfolio of more than 340 patents issued and pending. Tula Technology is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, BorgWarner and Franklin Templeton. More information is available at www.tulatech.com.
Cummins Inc.
Jon Mills
Director, External Communications
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Tula Technology, Inc.
Ram Subramanian
Principal Marketing Strategist
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Media:
Financial Profiles, Inc.
Debbie Douglas
Senior Vice President
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(949) 375-3436
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq:CLNE) announced today it will release financial results for the first quarter of 2021 on Thursday May 6, 2021 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call.
Investors interested in participating in the live call can dial 1.877.407.4018 from the U.S. and international callers can dial 1.201.689.8471. A telephone replay will be available approximately two hours after the call concludes through Sunday, June 6 by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 13718519.
There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days.
About Clean Energy
Clean Energy Fuels Corp. is the country’s leading provider of the cleanest fuel for the transportation market. Through its sales of renewable natural gas (RNG), which is derived from biogenic methane produced by the breakdown of organic waste, Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas from 60% to over 400% depending on the source of the RNG, according to the California Air Resources Board. Clean Energy can deliver RNG through compressed natural gas (CNG) and liquefied natural gas (LNG) to its network of fueling stations across the U.S. Clean Energy builds CNG and LNG fueling stations for the transportation market, operates a network of 565 stations across the U.S. and Canada, owns natural gas liquefaction facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.cleanenergyfuels.com and follow @CE_NatGas.
Robert M. Vreeland, CFO
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CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) will release its first quarter 2021 earnings on Tuesday, May 4, 2021 and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.
Call Access: All participants must pre-register online, in advance of the call. Upon completion, registered participants will receive a confirmation email that includes instructions for accessing the call, as well as a unique registration ID and passcode. Please pre-register using the appropriate online registration links below:
Security Analysts :: Audio Registration
Your email confirmation will contain dial-in information, along with your unique ID and passcode.
All Other Participants :: Webcast Registration
Your email confirmation will contain the webcast link assigned to your registration.
An updated investor presentation will be available on ETRN’s Investor Relations website the day of the call.
Call Replay: For 14 days following the call, an audio replay will be available at (800) 585-8367 or (416) 621-4642. Conference ID: 2864556
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.
For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.
Source: Equitrans Midstream Corporation
Analyst/Investor inquiries:
Nate Tetlow – Vice President, Corporate Development and Investor Relations
412-553-5834
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Media inquiries:
Natalie A. Cox – Communications and Corporate Affairs
412-395-3941
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its first quarter 2021 earnings release after market close on Wednesday, May 5, 2021. The Company will host a conference call to discuss financial and operational results on Thursday, May 6, 2021 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (833) 665-0603. International parties may dial (929) 517-0394. The access code is 4696372. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.
An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, Marcellus, Utica, Haynesville, Eagle Ford, Bakken and SCOOP/STACK, among other areas, and in Eastern Australia.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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NEW YORK--(BUSINESS WIRE)--Tuscan Holdings Corp. (NASDAQ: THCB) (the “Company”), today announced that the Company sent a letter to stockholders urging them to vote FOR the extension amendment at its annual meeting of stockholders which will be held virtually at https://www.cstproxy.com/tuscanholdingscorp/2021 on April 28, 2021 at 10:00 am Eastern Time.
The extension proposal must be approved by at least 65% of the outstanding shares. If you do not vote, your non-vote will have the same effect as a vote against the extension amendment.
Please vote by telephone or internet today. Please note that if your shares are held at a brokerage firm or bank, your broker will not vote your shares for you. You must instruct your bank or broker to cast the vote. For assistance with voting your shares please contact Advantage Proxy, Inc. toll free at 1-877-870-8565, collect at 1-206-870-8565 or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..
The full text of the letter is as follows:
Dear Fellow Shareholder,
We have previously sent you proxy material for the Tuscan Holdings Corp. annual meeting to be held on April 28, 2021. In addition to the election of one Class I director, the Company is asking stockholders to approve an extension proposal that will allow the Company more time to complete its previously announced business combination with Microvast, Inc. ("Microvast").
Tuscan has filed the preliminary proxy statement for its business combination with Microvast, but because the proxy statement for the business combination was not finalized and mailed before March 22, 2021, the Company is required to seek stockholder approval of an extension of time to consummate the transaction.
Your Board of Directors has unanimously determined that the extension amendment is in the best interests of Tuscan Holdings Corp. and its stockholders. Your Board of Directors recommends that you vote “FOR” the proposal. The extension proposal must be approved by at least 65% of the outstanding shares. If you do not vote, your non-vote will have the same effect as a vote against the extension amendment.
The easiest way to vote is by contacting the Company's proxy solicitor Advantage Proxy toll free at 1-877-870-8565 or by sending an email to Karen Smith (This email address is being protected from spambots. You need JavaScript enabled to view it.) or Robert Trosino (This email address is being protected from spambots. You need JavaScript enabled to view it.). You may also sign, date and mail your proxy card in the envelope provided.
Thank you for your continued support. Remember - every share and every vote counts!
Sincerely,
Stephen Vogel
Chairman and CEO of Tuscan Holdings Corp.
Additional Information and Where to Find It
In connection with the annual meeting of stockholders, Tuscan Holdings Corp., a Delaware corporation (“Tuscan”) filed a definitive proxy statement with the SEC on March 24, 2021 (“Annual Meeting Proxy Statement”). Additionally, in connection with the proposed business combination transaction involving Tuscan and Microvast, Inc. a Delaware corporation (“Microvast”), Tuscan filed a preliminary proxy statement with the SEC on February 16, 2020 and intends to file a definitive proxy statement (collectively, “Merger Proxy Statement”). This document is not a substitute for the Annual Meeting Proxy Statement or Merger Proxy Statement. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE ANNUAL MEETING PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSALS TO BE BROUGHT BEFORE THE ANNUAL MEETING, TO READ THE MERGER PROXY STATEMENT FOR MORE INFORMATION ABOUT THE PROPOSED TRANSACTION WITH MICROVAST, AND TO READ ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE. The Annual Meeting Proxy Statement and Merger Proxy Statement and other documents that may be filed with the SEC (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. These documents (when they are available) can also be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.
No Offer or Solicitation
This document is not a proxy statement or solicitation of a proxy or authorization with respect to any securities or in respect of the proposed transactions and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Tuscan Holdings Corp., nor shall there be any sale of such securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful.
Participants in Solicitation
This communication is not a solicitation of a proxy from any investor or securityholder. However, Tuscan and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the annual meeting of stockholders under the rules of the SEC. Information about Tuscan’s directors and executive officers and their ownership of Tuscan’s securities is set forth in Tuscan’s filings with the SEC, including Tuscan’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 24, 2021, and the definitive proxy statement which was filed with the SEC on March 24, 2021 and mailed to Tuscan’s stockholders on or about March 25, 2021. When available, these documents can be obtained free of charge from Tuscan upon written request to Tuscan at Tuscan Holdings Corp., 135 E. 57th St., 17th Floor, New York, NY 10022.
Forward Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. Forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
In addition to factors previously disclosed in Tuscan’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) failure of Tuscan’s stockholders to approve the extension amendment proposal; (2) inability to complete the proposed business combination with Microvast within the required time period or, if Tuscan does not complete the proposed business combination with Microvast, any other business combination; (3) the inability to complete the proposed business combination with Microvast due to the failure to meet one or more closing conditions or the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement; and (4) the impact of the ongoing COVID-19 pandemic.
All information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Tuscan Holdings Corp.:
Stephen Vogel
Chairman & CEO
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Stockholders:
Advantage Proxy, Inc.
Toll Free: 877-870-8565
Collect: 866-870-8565
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Media / Investors:
Ashish Gupta
Investor Relations
Telephone: 646-677-1875
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ClearGuide and IRIS Interoperability Via ClearMobility Cloud Pushes Real-time Traffic Data to Road Users Statewide
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #ATMS--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that the Minnesota Department of Transportation (MnDOT) has launched the first statewide deployment of Iteris’ newly expanded ClearGuide™ software-as-a-service (SaaS) solution, which is now integrated with the Intelligent Roadway Information System (IRIS) open-source advanced traffic management system (ATMS). ClearGuide’s integration with IRIS is enabled by the ClearMobility™ Cloud, Iteris’ open-architecture cloud framework for smart mobility infrastructure management.
With this new deployment, the ClearMobility Cloud’s standardized data architecture enables ClearGuide to seamlessly provide real-time travel-time data to IRIS for the automatic update of variable message signs (VMS) through work zones across Minnesota, as well as overlay VMSs on ClearGuide’s real-time maps. MnDOT has been leveraging Iteris analytics services since 2013 and ClearGuide’s powerful transportation performance measures capabilities since adding ClearGuide in 2019, including: dynamic maps to support detailed traffic analysis; features to help identify and mitigate bottlenecks and congestion; animations to analyze events and optimize response plans; historical trend reports and congestion charts to track reliability and support planning; and easy analysis of major Minnesota roadways.
The ClearMobility Cloud’s mobility data management engine, application programming interface (API) framework and microservices ecosystem provide standardized data ingestion, cleansing and analytics, as well as authentication and security for each component of Iteris’ ClearMobility Platform. The ClearMobility Platform includes market-leading software applications, smart sensors, and cloud-enabled managed services that complement the company’s specialized consulting and advisory services.
Integrations with other third-party systems are planned for future ClearMobility Cloud releases. Additionally, subsequent releases of the ClearMobility Cloud will provide further capabilities to support Iteris’ growing portfolio of process virtualization offers, as well as enhance the company’s smart mobility infrastructure management solutions for various commercial sectors.
“It is our privilege to support MnDOT’s goal of improving the performance of its roadways, as well as the safety and quality of life of the traveling public, with this new integration between Iteris’ ClearGuide solution and the IRIS ATMS,” said Scott Perley, vice president, Application & Cloud Solutions at Iteris. “Enabled by Iteris’ ClearMobility Cloud, MnDOT will now be able to leverage the seamless two-way flow of real-time traffic information between the systems to be disseminated via VMSs throughout the state, and ultimately make Minnesota’s roads safer and more efficient.”
Over 50 government agencies, municipalities and commercial entities, including Transport Canada, Florida DOT, Minnesota DOT, Utah DOT, Virginia DOT, South Carolina DOT, the California Department of Transportation (Caltrans), the Pulice-FNF-Flatiron Joint Venture, the OC 405 Partners Joint Venture, and cities like Irvine, CA and Round Rock, TX, use the powerful transportation analytics capabilities of Iteris’ ClearGuide mobility intelligence and performance measurement solution to manage, measure and optimize complex transportation networks.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the deployment of the project and benefits and impacts of our ClearGuide solution and ClearMobility platform. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to successfully deliver services in a cost-effective manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
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DUBLIN--(BUSINESS WIRE)--The "Global Land Drilling Rigs Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the land drilling rigs market and it is poised to grow by $3.26 billion during 2021-2025, progressing at a CAGR of almost 3% during the forecast period.
The report on land drilling rigs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising global oil and gas consumption and discovery of new oil fields.
The land drilling rigs market analysis includes type segment an geographical landscapes. This study identifies the rise in unconventional oil and gas resources as one of the prime reasons driving the land drilling rigs market growth during the next few years.
Companies Mentioned
The report on land drilling rigs market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Type
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4b70rn
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MONTREAL--(BUSINESS WIRE)--#EV--ChargeHub by Mogile Technologies Inc., a leading electric vehicle (EV) mapping service that displays data on more than 100,000 public charging stations in North America, announced today that SemaConnect is the largest network to date to join its electric vehicle (EV) charging payment solution—ChargeHub Passport.
“Our goal from the beginning has been to make EV charging easier and expand access for drivers,” said Mahi Reddy, Founder & Chief Executive Officer of SemaConnect. “ChargeHub Passport is a key step towards making that access seamless for millions of current and future EV drivers in North America.”
The Maryland-based company has thousands of public charging stations across North America and continues to expand its reach. By joining this payment solution, over 700,000 ChargeHub mobile app users can activate a charging session with a tap of a button, removing the need for multiple mobile apps, memberships and RFID cards across different networks.
EV drivers can learn more about ChargeHub Passport here: www.chargehub.com/passport
“Our mission is to simplify the EV charging experience every step of the way,” said Simon Ouellette, CEO of Mogile Technologies Inc. “Having SemaConnect come on board is a significant step toward offering the EV community a comprehensive coverage with ChargeHub Passport.”
In 2020, ChargeHub Passport was launched as a payment solution to simplify the public charging experience for EV drivers. The payment service also works on charging networks ChargeLab and ZEF Energy, with more networks planned to join ChargeHub Passport in the coming months.
About ChargeHub by Mogile Technologies Inc.
Founded in 2013, ChargeHub by Mogile Technologies Inc., is an electric vehicle (EV) community-driven platform with the mission to improve the customer experience (CX). The platform offers a suite of charging solutions that drive lasting performance improvement in EV adoption and infrastructure deployment. ChargeHub leverages the contributions of its EV community to enable transparency in the reliability and accessibility of public charging stations on the North American continent. With over 700,000 users, the ChargeHub platforms display data on more than 100,000 public charging stations—essential insights that fully support EV drivers. For more information, visit www.chargehub.com.
About SemaConnect
SemaConnect is a leading provider of electric vehicle charging infrastructure solutions to the North American commercial, residential and fleet market. A complete EV support partner, SemaConnect delivers a truly modern property experience through innovative, elegantly designed charging stations and a robust and open network platform. The company has helped maximize property value and appeal through thousands of successful charging station deployments at Class A properties since its founding in 2008, for companies like CBRE, JLL, Hines, Greystar, Cisco Systems and Standard Parking. SemaConnect remains the preferred charging solutions partner to municipal, parking, multifamily, hotel, office, retail and commercial fleet customers across the United States and Canada. For more information, visit www.semaconnect.com.
Emie-Claude Lamoureux
Manager of Communications & Engagement
ChargeHub / Mogile Technologies Inc.
1-514-452-5322
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Jesus Ferro
Director of Marketing
SemaConnect
301 352 3730 x 225
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Capital Efficient and Low Breakeven Production Drives Strong Free Cash Flow Generation
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil, and Argentina, today announced its operational update for the three-month period ended March 31, 2021 (“1Q2021”).
All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.
Highlights
Oil and Gas Production and Reserves
Activity Accelerating
Llanos 34 block (GeoPark operated, 45% WI):
CPO-5 block:
Platanillo block (GeoPark operated, 100% WI):
PUT-8 block (GeoPark operated, 50% WI):
Fully Funded and Expanded 2021 Work Program
Strong Risk-Managed Balance Sheet
SPEED/ESG+ Actions
Returning Value to Shareholders
Breakdown of Quarterly Production by Country
The following table shows production figures for 1Q2021, as compared to 1Q2020:
1Q2021 |
1Q2020 |
|||||
Total
|
Oil
|
Gas
|
Total
|
% Chg. |
||
Colombia |
31,455 |
31,222 |
1,393 |
|
38,723 |
-19% |
Chile |
2,491 |
328 |
12,980 |
|
3,121 |
-20% |
Brazil |
1,984 |
25 |
11,753 |
|
1,290 |
54% |
Argentina |
2,201 |
1,302 |
5,396 |
|
2,597 |
-15% |
Total |
38,131 |
32,877 |
31,522 |
|
45,731 |
-17% |
a) Includes royalties paid in kind in Colombia for approximately 1,101 bopd in 1Q2021. No royalties were paid in kind in Brazil, Chile or Argentina.
Quarterly Production Evolution
(boepd) |
1Q2021 |
4Q2020 |
3Q2020 |
2Q2020 |
1Q2020 |
Colombia |
31,455 |
31,858 |
31,297 |
31,072 |
38,723 |
Chile |
2,491 |
3,133 |
3,610 |
3,101 |
3,121 |
Brazil |
1,984 |
2,167 |
1,581 |
679 |
1,290 |
Argentina |
2,201 |
2,146 |
2,357 |
2,060 |
2,597 |
Total |
38,131 |
39,304 |
38,845 |
36,912 |
45,731 |
Oil |
32,877 |
33,238 |
32,875 |
32,504 |
40,861 |
Gas |
5,254 |
6,065 |
5,970 |
4,408 |
4,870 |
Oil and Gas Production Update
Consolidated:
Oil and gas production in 1Q2021 decreased by 17% to 38,131 boepd from 45,731 boepd in 1Q2020, due to limited or temporarily suspended drilling and maintenance activities during 2020 in Colombia, Chile and Argentina, as part of the Company’s risk-managed response to preserve shareholder value and to minimize contractor and employee activity in the fields due to the lower oil price environment and pandemic-related contingencies. Oil represented 86% and 87% of total reported production in 1Q2021 and 1Q2020, respectively.
Colombia:
Average net oil and gas production in Colombia decreased to 31,455 boepd in 1Q2021 compared to 38,723 boepd in 1Q2020, reflecting limited or temporarily suspended drilling and maintenance activities during 2020 in the Llanos 34 and Platanillo blocks, partially offset by increased production in the CPO-5 block.
The Llanos 34 block average net production was 24,866 bopd in 1Q2021, representing 79% of GeoPark’s net production in Colombia. During 1Q2021 the Company had two drilling rigs that drilled four wells, currently on production, and two disposal wells.
The CPO-5 block average net production increased by 69% to 3,964 bopd (or 13,213 bopd gross), representing 13% of GeoPark’s net production in Colombia. Increased production results from the Indico oil field which continues showing a strong reservoir performance with the Indico 2 appraisal well (drilled in 4Q2020 with an initial flow of 5,500 bopd) currently producing 6,200 bopd.
The Platanillo block average production decreased to 2,100 bopd in 1Q2021 compared to 3,462 bopd in 1Q2020 due to limited activities in the block during 2020 and the temporary shut-in of operations for 17 days during 1Q2021. The 1Q2021 shut-in resulted from local community protests in the Putumayo basin against the Government about the eradication of coca plantations, and although the protest was not directed at GeoPark specifically or even the oil industry in general, the Company shut in its operations to protect its employees, with operations gradually restarted in early March 2021, when protests ceased. The Platanillo block is currently producing 2,400 bopd of light oil.
Latest developments in the Llanos 34 block:
Latest developments in the CPO-5 block:
Other activities in operated blocks:
Chile:
Average net production in Chile decreased by 20% to 2,491 boepd in 1Q2021 compared to 3,121 boepd in 1Q2020 resulting from lower gas production in the Jauke and Jauke Oeste gas fields and limited or temporarily suspended maintenance activities during 2020. Maintenance and well intervention activities were carried out in the Jauke 1 well during 1Q2021 affecting gas production in the field in 1Q2021. Maintenance and well intervention activities are currently being performed in the Jauke Oeste gas well. The production mix during 1Q2021 was 87% gas and 13% light oil (compared to 80% gas and 20% light oil in 1Q2020).
Brazil:
Average net production in Brazil increased by 54% to 1,984 boepd in 1Q2021 compared to 1,290 boepd in 1Q2020 due to higher gas demand in northern Brazil. The production mix during 1Q2021 was 99% natural gas and 1% oil and condensate (compared to 91% natural gas and 9% oil and condensate in 1Q2020).
Argentina:
Average net production in Argentina decreased by 15% to 2,201 boepd in 1Q2021 compared to 2,597 boepd in 1Q2020, mainly resulting from limited or temporarily suspended maintenance activities during 2020, combined with the natural decline of the fields. The production mix during 1Q2021 was 59% oil and 41% natural gas (compared to 61% oil and 39% natural gas in 1Q2020).
GLOSSARY
|
|
ANP |
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels |
|
|
Operating netback |
Revenue, less production, and operating costs (net of accrual of stock options and stock awards), selling expenses and realized portion of commodity risk management contracts. Operating netback is equivalent to Adjusted EBITDA net of cash expenses included in Administrative, Geological and Geophysical and Other operating costs
|
Bbl |
Barrel |
|
|
Boe |
Barrels of oil equivalent
|
Boepd |
Barrels of oil equivalent per day
|
Bopd |
Barrels of oil per day
|
D&M |
DeGolyer and MacNaughton
|
F&D costs
|
Finding and development costs, calculated as capital expenditures divided by the applicable net reserves additions before changes in Future Development Capital |
Km |
Kilometers |
|
|
Mboe |
Thousand barrels of oil equivalent
|
Mmbo |
Million barrels of oil
|
Mmboe |
Million barrels of oil equivalent
|
Mcfpd |
Thousand cubic feet per day
|
Mmcfpd |
Million cubic feet per day
|
Mm3/day |
Thousand cubic meters per day
|
NPV10 |
Present value of estimated future oil and gas revenues, net of estimated direct expenses, discounted at an annual rate of 10%
|
PRMS |
Petroleum Resources Management System |
|
|
Sq km |
Square Kilometer
|
WI |
Working Interest |
|
|
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated based on such rounded figures but based on such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward- looking statements contained in this press release can be identified using forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including the Covid-19 pandemic, the acquisition by Gas Bridge of the remaining WI and operatorship in the Manati gas field and the closing of the transaction, the tender offer for up to $255 million of the Company’s Senior Notes due 2024, expected production growth, expected schedule, economic recovery, payback timing, IRR, drilling activities, demand for oil and gas, oil and gas prices, capital expenditures plan, regulatory approvals, reserves and exploration resources. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption, and losses, except when specified.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them considering new information or future developments or to release publicly any revisions to these statements to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.
Readers are cautioned that the exploration resources disclosed in this press release are not necessarily indicative of long-term performance or of ultimate recovery. Unrisked prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resource volumes are presented as unrisked.
1 2021 production assumes full-year production from the Manati gas field in Brazil (currently under a divestiture process that is subject to certain conditions and regulatory approvals) and excludes potential production from exploration drilling.
2 Brent price assumption from March to December 2021, assuming $3-4/bbl Vasconia-Brent differential.
3 Unaudited.
4 As of December 31, 2020 (unaudited).
5 Corresponds to GeoPark’s aggregate Mean-P10 unrisked recoverable oil volumes in leads and prospects individually audited by Gaffney & Cline as of December 31, 2020.
INVESTORS:
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Shareholder Value Director
T: +562 2242 9600
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Market Access Director
T: +562 2242 9600
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Investor Relations Director
T: +5411 4312 9400
MEDIA:
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BOSTON--(BUSINESS WIRE)--Mirova, a global investment affiliate of Natixis Investment Managers with $24 billion in assets under management1 specializing in sustainable finance, today announced the addition of Lindsey Apple as Proxy Voting and Engagement Lead at Mirova US. In her new role at Mirova, based in Boston, Apple will collaborate with portfolio managers and management on voting and engagement decisions in the US and in Europe. She will lead the firm’s voting policy as regulations, market practices and Mirova’s philosophy evolve. Apple will also carry out Mirova’s voting process during voting season while developing a dialogue with regulators, investors, and clients. Her role is crucial to Mirova’s commitment to Sustainable Investment and its objective to combine long-term value creation with sustainable development, accelerating the transition to a sustainable global economy. Mirova is committed to being an active and engaged shareholder since inception, and Apple’s hire is a new step towards strengthening Mirova’s leadership in active ownership.
Apple joins Mirova from MFS Investment Management where she managed the global corporate governance program, overseeing all proxy voting and engagement activity for the firm’s $500 billion assets under management. She served as a member of MFS’ Proxy Voting and Responsible Investing Committees as well as the firm’s Sustainable Working Group.
“In the last few years, the exponential growth of our assets under management has served to strengthen our belief that exercising Mirova’s voting rights is both a responsibility to our clients and a major driver in promoting sustainability – a way to affect real change,” said Nathalie Wallace, Head of Environmental, Social and Governance (ESG) Strategy & Development at Mirova US. “We’re thrilled that Lindsey will be joining us in this role bringing her diverse expertise and well-connected ecosystem, along with her meaningful engagement with organizations on sustainability issues.”
“I have been passionate about corporate sustainability for a long time, and I’m excited to bring my many years of working with management teams and boards to an organization committed to sustainable investing. Mirova is well positioned to be a market leader in advocating for the corporate world’s transition to sustainable governance and I can’t wait to help shape this change,” said Lindsey Apple, Proxy Voting and Engagement Lead, Mirova US.
Apple worked for MFS for eight years. In her earlier career, she was an attorney with Kerbey Harrington Pinkard LLP. She has also provided legal counsel for the formation of non-profit green startup corporations at Green Pro Bono. Apple earned her law degree from Suffolk University Law School and her bachelor’s degree from University of New Hampshire. She will be based in Boston and report to Mathilde Dufour, Head of Global Sustainability Research for Listed Asset and Amber Baker, Deputy CEO of Mirova US.
About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s experts have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to create the most impactful solutions to meet their clients’ goals. Mirova manages $24 billion as of December 31, 2020, which includes $4.96 billion managed by its US subsidiary that manages the Mirova Global Sustainable Equity Fund, Mirova US LLC.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms2 with nearly $1.4 trillion assets under management3 (€1,135.5 billion). Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 As of December 31, 2020, Mirova has $24 billion in assets under management globally. Mirova US LLC has $4.96 billion assets under management as of December 31, 2020.
2 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
3 Assets under management (“AUM”) as of December 31, 2020 is $1,389.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
Natixis Investment Managers
Kelly Cameron
Tel: 617-449-2543
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SkyRail to connect communities while boosting the economy and tourism in Bahia State, Brazil
SHENZHEN, China--(BUSINESS WIRE)--On April 8th, BYD ushered in a new milestone, as its Bahia SkyRail vehicle rolled off the production line in Shenzhen. The Bahia SkyRail, located in the city of Salvador, Bahia State, Brazil, is the world’s first SkyRail line to be partially built above the sea.
The ceremony was held at BYD's global headquarters in Shenzhen. Rui Costa, Governor of Bahia; João Leão, Vice Governor of Bahia; and Mrs. Shao Yingjun, Minister for Commercial Affairs of the Chinese Embassy, witnessed the ceremony online.
Satisfied with the performance of the new model, Governor Rui Costa insisted that the VLT do Subúrbio symbolizes an important international partnership for the modernization of urban transport. “After placing Bahia as the second metro extension in Brazil, we now take a large step towards modernization with this modern vehicle that will replace a train that no longer met operating conditions,” commented Rui Costa.
João Leão, Vice Governor of Bahia, also highly recognized BYD’s integral role in the project, expressing sincere gratitude to BYD.
Stella Li, Executive Vice President of BYD Company Limited & President of BYD Motors Inc., said, “Today’s vehicles are specially tailored to the unique geographical and cultural environment of Salvador, the smooth and comfortable ride, humanized and intelligent design will bring passengers a more pleasant and convenient green travel experience. Brazil has embraced BYD’s green, zero-emission transport offerings across the board, including pure electric buses, trucks, taxis and the SkyRail, making the country the leading model for eco-friendly transport in Latin America. In the future, BYD will continue to work hard with its leading new energy technology and high-quality rail transit offerings to help cities around the world build low-carbon transportation and achieve sustainable development!”
The Bahia SkyRail has been specially customized to meet local regulations and needs, as the world’s first SkyRail line built for an overseas market. The vehicle adopts a streamlined design, which reduces wind resistance while enhancing the overall aesthetics. Meanwhile, large, barrier-free doors enable passengers of all kinds to easily enter and exit, regardless of whether they are walking, in a wheelchair or pushing a baby stroller. The vehicles feature a walk-through train design to provide excellent accessibility, and the large windows on both sides offer expansive views for an enjoyable transit experience, while the air suspension system ensures that the vehicle runs quietly and smoothly.
Additionally, SkyRail is equipped with a fully automatic operation system with cutting-edge train control technology and an intelligent customer service system, which realizes a high degree of train automation. It enables more precise operations control, resulting in higher reliability, safety, operational efficiency, and punctuality. Meanwhile, on-board PIS, CCTV, emergency intercom, and other systems serve passengers in real-time, ensuring a safe and convenient riding experience. The vehicles can also be flexibly grouped according to actual capacity needs.
The Bahia SkyRail Line has 25 stations covering a total length of 23.3km. It will be connected with Bahia’s existing subway to form a comprehensive public transportation network.
Due to various factors such as local topography, community structure, demolition costs, and passenger volume, the Bahia SkyRail was customized to adhere to several extremely stringent technical standards, all of which it met.
SkyRail is a straddle-type monorail system developed by a dedicated 1,000-strong R&D team following five years of research and development worth 5 billion RMB, which aims to solve traffic congestion in cities. With a minimum turning radius of only 45 meters and able to climb gradients of 10%, SkyRail is well adapted to Salvador’s difficult terrain. What’s more, advanced autonomous driving technology together with a striking and futuristic appearance allows the SkyRail to seamlessly fit into modern urban environments.
SkyRail’s unique technologies have overcome many of the difficulties of construction and operation in Bahia. For example, the elevated tracks don't occupy valuable road surface, meaning the space below them still can be rebuilt into pedestrianized areas, and their elevated position keeps them free from flooding, which has been a problem for the city’s existing rail network. Thanks to the integrated line monitoring system and the intelligent operations system, SkyRail can immediately identify risks, solve problems, and reduce manual workloads. Besides offering comfortable, low-carbon and efficient public transport for residents, the expectation is that SkyRail will also help attract new businesses and visitors to the area, aiding the government’s efforts to boost local tourism.
The SkyRail has already created a noticeable buzz among local citizens. As early as February 13, 2019, on the day of signing the contract, a large number of citizens held up a banner at the gate of the government of Bahia, which read "very welcome VLT, thank you, governor", and yelled, "let's make it a reality together." Tyler Li, Country Manager of BYD Brazil, also said that when the SkyRail project team went to the local to inspect the progress of the project after half a year, the public recognized them at a glance and said hello cordially.
On January 3, 2020, the state government approved the full preliminary design of the Bahia SkyRail. Bahia Governor Rui Costa said at the time, “SkyRail technology is very advanced, and China's rail technology has far surpassed that of other countries. I believe in Chinese technology."
Representing China’s strategic focus on fostering “new infrastructure”, BYD’s rail transit solutions are being warmly received as it strikes up new partnerships, bringing Chinese technology to the world. In Brazil, BYD has already forged cooperation with two cities, among them São Paulo, for which the formal contract to build the metro network’s Line 17 was signed on April 27, 2020. BYD is also actively engaged in and negotiating other rail transit projects in more than 20 countries and cities spanning the Americas, Asia Pacific, Europe, and Africa, some of which are already under construction.
About BYD
BYD Company Ltd. is one of China's largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.
Contacts in Asia-Pacific: Mia Gu
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In North America: Frank Girardot
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In Latin America: Mariana Osorio
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In Brazil: Adalberto Maluf
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In Europe: Penny Peng
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Integration of Qspeed boost diode results in simplest active PFC solution; targets PC and TV power supply applications
SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that its HiperPFS™-4 power factor correction (PFC) controller IC is now available with an integrated Qspeed™ low reverse recovery charge (Qrr) boost diode. This combination delivers greater than 98% full-load efficiency in PC, TV, and similar applications between 75 W and 400 W.
Comments Power Integrations’ product marketing manager Edward Ong: “Designs using HiperPFS-4 ICs show very high efficiency across the load range with as little as 36 mW of no-load power consumption at 230 VAC. The HiperPFS-4 family is ideal for PCs and TVs, and also for battery chargers, power tools, industrial power supplies and LED lighting. The active devices incorporated into HiperPFS-4 ICs are rated to 600 V, which eases compliance with frequently requested 80% de-rating specifications.”
The HiperPFS-4 IC combines continuous conduction mode (CCM) PFC control circuitry, the boost diode and a 600 V MOSFET in one device. Including the boost diode reduces heatsink mounting, leading to a simpler design and better thermal performance. Furthermore, the built-in Qspeed diode also provides greater robustness against AC line surges since parasitic trace inductances are minimized, which in turn reduces voltage spikes seen by the power switch during transients by up to 50 V. The integrated 600 V MOSFET is therefore easily able to meet the 80% de-rating requirement when delivering a 385 VDC constant-voltage bus.
HiperPFS-4 ICs achieve a power factor of greater than 0.95 at above 20% load. The Qspeed boost diode is optimized for continuous conduction mode PFC operation featuring very low reverse recovery losses that approach the performance of silicon carbide devices without the financial penalty.
Availability & Resources
The HiperPFS-4 power factor correction (PFC) controller IC packaged with a QSpeed low Qrr boost diode is available now in volume product quantities. Devices are priced starting at $1.56 in quantities of 10,000. For more details contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors: Digikey, Farnell, Mouser, and RS Components.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations, HiperPFS-4, Qspeed and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.
Media Contact
Diane Vanasse
Power Integrations, Inc.
(408) 242-0027
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Press Agency Contact
Nick Foot
BWW Communications
+44-7808-362251
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Recognition honors Kohl’s continued environmental, social and governance (ESG) stewardship and the company’s longstanding commitment to energy efficiency
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl’s (NYSE: KSS) is proud to receive the 2021 ENERGY STAR Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. This year marks the 10th consecutive year that the EPA has recognized Kohl’s with the Sustained Excellence award, the highest honor bestowed by the ENERGY STAR program and selection from a network of thousands of ENERGY STAR partners.
“Kohl’s has been a longtime partner of the EPA on our journey to continually implement the best practices available in energy efficiency across our store network and facilities to reduce our carbon footprint and do our part to fight climate change,” said Steve Thomas, Kohl’s chief risk and compliance officer. “This recognition is a tangible way to show our associates, our customers, our communities and our business partners the work that our teams do ‘behind-the-scenes’ to operate our business efficiently and conscientiously.”
More than 90% of Kohl’s stores are ENERGY STAR certified, including two stores newly certified within the past calendar year. Kohl’s continues to retrofit its stores with high-efficiency lighting to reduce emissions and save electricity. In 2020, the company converted 45 stores to lighting fixtures with LEDs, which will help save more than 10 million kilowatt-hours (kWh) per year.
Kohl’s customers can check to see if their local Kohl’s stores are ENERGY STAR certified by looking for the ENERGY STAR decals at the front entrances of certified stores. For a complete list of 2021 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.
Environmental Stewardship at Kohl’s
In addition to the ENERGY STAR award, Kohl’s is proud to have been recognized recently in the following areas for demonstrating its commitment to implementing the company’s environmental sustainability initiatives.
For more details about Kohl’s commitment to sustainability, please refer to the company’s 2019 CSR Report or the forthcoming 2020 ESG Report later this month. Additional information about Kohl’s Environmental, Social, and Governance (ESG) efforts can be found on the company’s corporate website, Corporate.Kohls.com.
About Kohl’s
Kohl’s (NYSE: KSS) is a leading omnichannel retailer. With more than 1,100 stores in 49 states and the online convenience of Kohls.com and the Kohl's App, Kohl's offers amazing national and exclusive brands at incredible savings for families nationwide. Kohl’s is uniquely positioned to deliver against its strategy and its vision to be the most trusted retailer of choice for the active and casual lifestyle. Kohl’s is committed to progress in its diversity and inclusion pledges, and the company's environmental, social and corporate governance (ESG) stewardship. For a list of store locations or to shop online, visit Kohls.com. For more information about Kohl’s impact in the community or how to join our winning team, visit Corporate.Kohls.com or follow @KohlsNews on Twitter.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations—including more than 40% of the Fortune 500®—rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners have helped American families and businesses avoid more than $450 billion in energy costs and achieve 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at: https://www.energystar.gov/about and https://www.energystar.gov/about/origins_mission/energy_star_numbers
Bill Bussler, This email address is being protected from spambots. You need JavaScript enabled to view it., 262-703-2951
Document outlines effective exchange security to help educate users, policymakers, cybersecurity professionals on secure crypto-exchanges
SEATTLE--(BUSINESS WIRE)--#blockchain--The Cloud Security Alliance® (CSA), the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment, today announced the release of the Crypto-Asset Exchange Security Guidelines, a set of guidelines and best practices for crypto-asset exchange (CaE) security. Drafted by CSA’s Blockchain/Distributed Ledger Working Group, the document provides readers with a comprehensive set of guidelines for effective exchange security to help educate users, policymakers, and cybersecurity professionals on the pros and cons of further securing cryptocurrency exchanges, including both Decentralized Exchanges (DEX) and hosted wallets at cloud-based exchanges, OTC desks, and cryptocurrency swap services.
Cryptocurrency exchanges are increasingly becoming targets of hackers. For instance, last December, U.K.-based cryptocurrency exchange Exmo “detected suspicious withdrawal activity” to the tune of more than $10 million. Months earlier, a secure hardware wallet provider, Ledger, was hacked and lost 272,000 customer records.
The document includes a model that identifies the 10 top threats to crypto exchanges, plus a reference architecture and set of security best practices for the end-user, exchange operators, and auditors. Also covered are security control measures across a wide area of administrative and physical domains.
“As the digital assets industry evolves and matures, crypto-asset exchanges increasingly cover areas that were, for decades, the sole dominion of long-established financial service institutions,” said Bill Izzo, co-chair of CSA’s Blockchain/Distributed Ledger Working Group. “It’s our hope that this document will provide a roadmap for those tasked with ushering new and existing financial services organizations into the future in a controlled and secure manner.”
The Blockchain/Distributed Ledger Technology Working Group works to produce useful content to educate different industries on blockchain and its proper use, as well as define blockchain security and compliance requirements based upon different industries and use cases. Individuals interested in becoming involved in the future research and initiatives are invited to do so by visiting the Blockchain/Distributed Ledger Working Group join page.
Download the Crypto-Asset Exchange Security Guidelines.
About Cloud Security Alliance
The Cloud Security Alliance (CSA) is the world’s leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud — from providers and customers to governments, entrepreneurs, and the assurance industry — and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.
Kari Walker for the CSA
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Merger positions Onpoint as an industry leader
DEER PARK, Texas--(BUSINESS WIRE)--#turnaroundmanagement--Onpoint Industrial Services, LLC announced today its merger with CertifiedSafety, Inc., and its subsidiary – Calculated Controls. The combination of these companies establishes a premier provider of industrial safety, logistics and turnaround management services in North America.
Certified Safety, with its 20-year history in providing leading-edge safety solutions to the refining and petrochemical industries, combined with Calculated Controls’ exceptional project controls professionals, are a natural fit with Onpoint’s current scope of offerings.
“Bringing together these leading organizations expands our footprint across North America and creates one of the broadest ranges of safety, logistics, and turnaround management services in the industry today,” said Onpoint CEO Liz Crow. “Our combined best practices, deployed by our highly skilled field leadership, provide a single source of support for our customers in all aspects of their maintenance activities.”
Private equity firms The CapStreet Group and HCI Equity Partners will continue as shareholders in the combined entity. Liz Crow, CEO of Onpoint, will lead the united company as CEO on its continued journey. Tony Spencer, CEO of CertifiedSafety and Calculated Controls, will transition to an advisory role serving on the Board of Directors of the new company.
“This agreement uniquely positions us for sustainable, profitable growth while remaining focused on operational excellence,” said Spencer. “We’re so pleased to join forces with Onpoint, a well-respected company in the industry. And with our complementary industry leading services, we will be able to continue to support our customers with highest standards of quality, safety and service.”
More About Onpoint Industrial Services
Onpoint Industrial Services, LLC offers a unique set of services designed to facilitate the safe and efficient flow of people, materials, and equipment for routine maintenance, turnarounds and capital projects. By applying people, process, and technology, Onpoint satisfies every logistics requirement of these complex activities. For more information, visit onpoint-us.com
More About CertifiedSafety
Based in League City, TX, CertifiedSafety provides cost-effective, scalable, and proven solutions to solve safety-related challenges for the petroleum and chemical industries. CertifiedSafety brings deep experience, industry-leading safety practices, highly qualified and trained personnel at every level, and safety leadership to drive up safety certainty and project success. For more information, visit www.certifiedsafety.net
About The CapStreet Group
The CapStreet Group is a Houston, Texas based private equity firm that invests in lower middle market companies. CapStreet targets companies focused on industrial products and distribution, software and tech-enabled business services. CapStreet’s approach is to partner with excellent management teams to build out corporate infrastructure, accelerate growth and profitability, and create long term sustainable businesses. For more information, visit The CapStreet Group website, www.capstreet.com.
About HCI Equity Partners
HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder owned distribution, manufacturing and service companies. HCI makes majority investments in businesses within North America in large, fragmented markets. For more information, please visit www.hciequity.com.
Timothy Long, VP Sales & Marketing
713.947-0721
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Oil and gas operator increases productivity and efficiency by moving its myQuorum TIPS gas gathering processes to the cloud
HOUSTON--(BUSINESS WIRE)--Quorum Software (“Quorum”), a world leader in digital transformation for the energy industry, today announced that Merit Energy Company (“Merit”) has successfully transitioned its gathering assets to myQuorum TIPS in the cloud. Merit operations have defined success in the energy industry for over three decades, driven by a focus on reducing costs, improving efficiency, increasing production, and maximizing safety. Moving gas gathering business workflows to the Quorum cloud further enhances Merit’s operations and streamlines acquisitions.
“Merit has a proven model that supports how we operate,” said Kyle Richardson, Accounting Manager at Merit. “Our operations are built on 30 years of experience, a detailed understanding of our assets, and a disciplined approach at every site,” continued Richardson. “Our partnership with Quorum goes back decades, and the TIPS software has evolved and adapted to meet the changing needs of our business, including the transition to the cloud.”
Quorum and Merit transitioned existing gathering assets to myQuorum TIPS, the cloud-enabled version of the 20-year leader in gas scheduling and accounting software. In addition, Quorum conducted data migration for several newly acquired gathering assets into myQuorum TIPS. These processes enable Merit to focus on managing the business, while Quorum supports the company’s infrastructure needs, keeps assets running on the most current software, and empowers the accounting team to support operations with the latest features, functionality, and reporting available. Merit’s solution for gas gathering includes:
For information on how Quorum is powering the business of energy, visit quorumsoftware.com.
About Quorum Software
Quorum Software is the world’s largest provider of digital technology focused solely on business workflows that empower the next evolution of energy. From emerging companies to supermajors, throughout every region of the globe, customers rely on Quorum’s proven innovation and unmatched global expertise to streamline business operations and make data-driven decisions that optimize profitability and growth. Our industry-leading solutions are transforming energy companies across the entire value chain, helping visionary leaders evolve their organizations into modern energy companies. Visit quorumsoftware.com.
About Merit Energy Company
Merit Energy is a private oil and gas company founded in 1989 with a simple goal: play from the center. Merit does not chase trends. We have a tested approach and we do it well — a proven and prudent player which has delivered solid returns time and time again. Visit meritenergy.com for more.
Jenna Billings
978 618 8424
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