SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2021 financial results conference call on Thursday, May 13 at 11:00 a.m. Eastern Time (08:00 a.m. Pacific Time). The Company’s earnings will be released prior to the market open on the same date.
We encourage participants to pre-register for the conference call webcast using the following link https://dpregister.com/sreg/10153648/e58af1b180. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.
To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access via webcast at www.crc.com, fifteen minutes prior to the scheduled start time to register. A digital replay of the conference call will be archived for approximately 90 days and available online on the Investor Relations page at www.crc.com.
Furthermore, the Company’s executives will also be participating in the following virtual events in May and June:
CRC’s presentation materials will be available the day of the events on the Earnings and Presentations page in the Investor Relations section on www.crc.com.
About California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy.
Joanna Park (Investor Relations)
818-661-3731
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Richard Venn (Media)
818-661-6014
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its first quarter 2021 results:
Dial-in telephone numbers:
Toll Free: 1-877-407-3982
Toll/International: 1-201-493-6780
UK Toll Free: 0800 756 3429
Webcast:
investors.kosmosenergy.com
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release first quarter 2021 operational and financial results after the close of trading on Wednesday, April 28, 2021. Management will also host a live conference call on Thursday, April 29, 2021 at 9:00 a.m. Central Time to review first quarter 2021 financial results and operational highlights.
To access the live conference call, domestic participants should dial (855) 875-8781 and international participants should dial (720) 634-2925. The conference ID and passcode is 3738118. The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab through May 31, 2021.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Mac Schmitz
Capital Markets Coordinator
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DUBLIN--(BUSINESS WIRE)--The "North America's Carbon Intensity Based Clean Fuel Standards" report has been added to ResearchAndMarkets.com's offering.
This report looks at key markets operating in North America: California's Low Carbon Fuel Standard, the Oregon Clean Fuel Program (CFP) and the British Columbia Low Carbon Fuel Standard (BC-LCFS), a term used interchangeably with the Renewable and Low Carbon Fuel Requirements Regulation (RL-CFRR).
There are two other markets that are in the pipeline for development: the Transportation and Climate Initiative-Program (TCI-P) (a collaboration between North-eastern and Mid-Atlantic US) and the Canada Clean Fuel Standard (CFS), also known as the Clean Fuel Regulations (CFR).
With the advent of climate change and the growing need to implement emissions reductions policies, there is a rising movement for government regulation to promote the use of low-carbon fuels in North America. These markets aim to reduce the magnitude of greenhouse gas emissions from the transportation sector - often the hardest sector to decarbonize. To do so, they have imposed market-based mechanisms to ensure that fuel suppliers play their part in reducing emissions.
These markets achieve these emissions by aiming to reduce the carbon intensity (CI) of transportation fuels. The CI is defined as the amount of carbon dioxide equivalent emissions (CO2e) per unit of energy produced by a vehicle and is given in units of g CO2e/MJ. The carbon intensity value is specific to each fuel type and takes into account the extraction, processing, distribution and combustion of the fuel; this is known as a 'well-to-wheel analysis.
Each clean fuel market creates an emissions reduction schedule which mandates a decline in the baseline fuel CI; as the program evolves, there is an increasing demand on fuel producers to provide lower carbon fuels which generally becomes harder as the restrictions become more stringent. In general, credits are generated for providing a fuel with a carbon intensity under this limit while deficits are created by providing fuels with a CI above this limit, with each credit being equivalent to one metric ton of CO2 equivalent emissions. These credits can then be traded, banked and retired to fulfil an entity's compliance obligations.
We demonstrate how ethanol and electricity, both low-carbon fuels can generate credits by having CIs below the low carbon fuel standard requirement, with electricity-generating more credits as it has a lower carbon intensity. On the other hand, gasoline, having a CI above the LCFS requirement, will accrue deficits annually and a fuel supplier providing gasoline will need to meet their compliance obligations in the program by purchasing a sufficient number of credits.
Key Topics Covered:
1. Context and Role of Carbon Intensity-based Clean Fuel Standards in North America
1.1 Role of Carbon Intensity-based Clean Fuel Standards in Various Transportation Markets
1.2 Comparison between the Clean Fuel Standards
2. California Low Carbon Fuel Standard
2.1 Background and history of California Low Carbon Fuels Standard
2.1.1 Regulatory context: AB 32 Scoping Plan and role of LCFS
2.1.2 Introduction to program design
2.1.3 2015 Readoption of LCFS Program: Credit Clearance Market
2.1.4 2018 Amendments to LCFS Program: Alignment with SB-32 Plan
2.1.5 Historical emission trends
2.1.6 Summary of LCFS Trading
2.2 Key components of California's LCFS
2.2.1 Market Composition - Credit & Deficit Generators
2.2.2 Low Carbon Fuel Supply Assessment
2.2.3 Compliance categories
2.2.4 Credit trading system
2.2.5 Credit generation pathways
2.2.6 Annual cycle and timeline of activities (including verification)
2.3 Key market variables at play in LCFS (i.e., influencing supply and demand)
2.3.1 Vehicle Stock and Energy Demand
2.3.2 Growth of electric vehicles
2.3.3 Demand and supply outlook for LCFS credits: possibilities till 2030
3. Canada Clean Fuel Standards
3.1 Background and History of the Market
3.2 Policy & Regulatory Overview: Pan Canadian Framework on Clean Growth and Climate Change
3.2.2 Summary on Industries Impacted
3.3 Key constructs of the Market
3.3.1 Market Overview
3.3.2 Different players
3.3.3 Compliance categories
3.3.4 Credit trading system
3.3.5 Credit generation pathways
3.3.6 Annual cycle and timeline of activities
3.3.7 Timeline for CFS launch
4. Oregon Clean Fuels Program
4.1 Background and History of the Market
4.1.1 Policy & Regulatory Overview
4.1.2 2022 Policy Target and Proposed Timeline
4.1.3 Overlapping Policies - Federal Renewable Fuel Standard & Oregon Renewable Fuel Standards
4.1.4 Summary on Industries Impacted
4.1.5 Key Constructs of the Market
4.1.6 Key market variables at play
4.1.7 Regulatory variables influencing the market outlook
5 British Columbia Low Carbon Fuel Standard
5.1 Background and History of the Market
5.1.1 Policy & Regulatory Overview
5.1.2 Summary on Industries Impacted
5.2 Key Constructs of the Market
5.2.1 Market Composition
5.2.2 Compliance Categories
5.2.3 Low Carbon Fuel Supply Assessment
5.2.4 Credit Trading System
5.2.5 Summary on Trading
5.2.6 Annual Cycle and Timeline of Activities
5.3 Key Market Variables at Play
5.3.1 Vehicle Stock and Energy Demand
5.3.2 Fossil Fuel Demand
5.3.3 Role of Clean Fuels
5.3.4 Role of Electric Vehicles
5.3.5 Other Credit Generating Options
5.4 Regulatory Variables Influencing Market Outlook
5.4.1 Target CI Compliance Targets
5.4.2 Market Flexibility and Stability Mechanisms
5.5 Market Perspectives and Further Reading
6 Transportation and Climate Initiative of North East and the Mid Atlantic States
6.1 Regional low-carbon transportation policy development process
6.2 Clean Vehicles and Fuels
6.2.1 North East Electric Vehicle Network
6.3 Sustainable Communities
6.3.1 Freight Efficiency
6.4 Development of a Market-Based Emission Reduction Policy
6.4.1 The Transportation Climate Initiative Program (TCI-P)
For more information about this report visit https://www.researchandmarkets.com/r/qadkif
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, April 29, 2021 at 5:00PM Eastern Time to discuss the Company’s first quarter results, as well as certain forward-looking information. The Company plans to release its first quarter results after the market closes on the same date.
The live conference call will be accessible by telephone at (833) 562-0141 (within the United States and Canada) or (661) 567-1221 (International). Audio replay of the call will be available through May 6, 2021. The replay numbers are: (855) 859-2056 (within the United States and Canada) and (404) 537-3406 (International). The call ID is 7884093.
The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at www.wfscorp.com and clicking on the webcast icon. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until May 13, 2021.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, call 305-428-8000 or visit www.wfscorp.com.
Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
305-428-8000
Funding lets Encamp make ongoing upgrades to its SaaS-based platform for
environmental compliance reporting and add staff in strategic positions
INDIANAPOLIS--(BUSINESS WIRE)--#EHS--Encamp, which offers a first of its kind software platform for environmental, health, and safety (EHS) compliance data management and reporting automation, today announced it has raised $12 million in Series B funding led by OpenView. The funding was supported with participation from Encamp investors High Alpha Capital, Allos Ventures, and IU Ventures. Encamp will use the new backing to drive ongoing development of the SaaS-based Encamp platform and add employees in engineering, compliance, sales, marketing, and other strategic areas.
For environmental compliance at facilities storing or using hazardous chemicals, the Encamp platform lets businesses verify applicable state and federal regulations automatically. To determine required compliance actions, EHS teams can sort activity by facility, regions, regulations, and state and federal requirements. In addition, EHS professionals are able to track compliance performance and reporting across the business by connecting tasks to facilities, compliance due dates, employees, and items such as compliance training schedules. Businesses get an up-to-the-minute view of their entire compliance reporting schedule using Encamp’s dashboard and wide-ranging compliance calendar.
With Encamp’s proprietary reporting automation software system, certified information is aggregated automatically in Encamp and submitted on time and in the correct format to all proper regulatory agencies. Along with increasing efficiency, such monitoring and automation is critical to reducing the risk of non-compliance and avoiding significant penalties.
For the EHS industry, Encamp is the first product to provide such end-to-end capability, particularly for regulations and reporting methods that vary considerably across all 50 states. The company’s new funding will allow it to continue making environmental compliance and reporting faster, easier, and more accurate.
“When we started Encamp, our goal was to become the premier system of record for environmental compliance and reporting, which we did,” said Luke Jacobs, one of Encamp’s co-founders and CEO. “That dynamic is shifting, however. Regulators and the EHS industry are now moving towards systems of intelligence for regulatory rules and data. Therefore, going forward, our aim is to become the new premier system of intelligence for environmental compliance. Encamp’s platform and product roadmap support this new direction, as does OpenView. We know they’ll be a strong and positive influence in helping us continue transforming how environmental compliance works.”
“We’ve been excited about Encamp since our first meeting with their fantastic founding team. Luke and the Encamp team are uniquely positioned to fundamentally change the world of environmental compliance, and we’re thrilled to partner again with High Alpha and Allos Ventures,” said Ricky Pelletier, Partner at OpenView.
OpenView's Expansion Platform partnered with Encamp to already place three new executive hires: Gerritt Graham as Chief Revenue Officer, Julianna Meidell as VP of Marketing, and Ki Moon as VP of Revenue Operations.
Encamp’s platform updates throughout 2021 are targeted at adding compliance reporting functionality, and are also expected to expand reporting to new regulatory program areas. The updates should enable Encamp to build on its current standing as the largest filer of Tier II hazardous material inventory reports in the United States.
“We’re recognized as trailblazers of environmental compliance for a reason,” said Jacobs. “Now with additional support from our investors and OpenView’s ongoing guidance, Encamp is ready to make compliance and reporting even simpler — and more intelligent — than we already have.”
About Encamp
Encamp was formed in 2017 and introduced its SaaS-based software to the environmental, health, and safety (EHS) industry in 2018. By early 2019, more than 100 companies were using Encamp to manage and automate the way they file critical environmental compliance information to state, local, and emergency response agencies. Nearly 200 businesses, including a growing number of businesses listed in the Fortune 1000 and Fortune 100, now use Encamp in more than 4,000 regulated facilities throughout the United States. In 2020 alone, Encamp realized revenue growth of more than 800%, a rise that continued to position the company as an emerging EHS market leader.
By way of innovation, Encamp is a first of its kind EHS compliance software product that combines a powerful data management system and EHS compliance reporting automation. With its Software as a Service (SaaS) architecture and deployment via the cloud, companies implement Encamp in a matter of days or weeks. Moreover, Encamp gives companies and their EHS teams a modern software option over point systems, spreadsheets, and legacy Environmental Management Information Systems (EMIS).
Industry Recognition
Among the industry awards Encamp has received for its innovation and leadership are the 2020 Top SaaS Newcomer and 2020 Best SaaS for Agriculture and Farming, Awarding & Consultancy International; 2020 Best in Biz Gold Award, Most Innovative Company of the Year (North America, SMB); 2020 Best in Biz Silver Award, Best New Product of the Year (North America, SMB); 2019 Startup of the Year, TechPoint; and 2019 New Product of the Year, Occupational Health & Safety. Encamp was also named one of the Best Places to Work in Indiana for 2021 by the Indiana Chamber of Commerce and the Best Companies Group. Encamp’s CEO and Co-founder, Luke Jacobs, was also named to the Environment + Energy Leader (E+E) 100 for 2020.
About OpenView
Founded in 2006, OpenView is a venture capital firm investing globally in business software companies. With a mission to improve people’s working lives, OpenView’s focused investment approach across sector and stage enables the firm to identify and partner with category leading business software companies. The firm’s focus extends to operational excellence through its dedicated expansion team working with portfolio companies on go-to-market, sales and marketing, product led growth, talent, and corporate development. The firm is based in Boston and has $1.5 billion in total capital under management. For more information, please visit https://openviewpartners.com/.
About High Alpha
High Alpha is a leading venture studio focused on building next-generation B2B SaaS companies through a new model for entrepreneurship that unites company building and venture capital. The High Alpha team partners with entrepreneurs, investors and large corporations to conceive, launch and scale new software companies. For more information: highalpha.com or on Twitter at @highalpha.
About Allos Ventures
Allos Ventures invests in early-stage technology companies based in the Midwest. Investments focus on B2B software companies at a Seed and Series A stage, augmenting the capital provided by seed and startup investors. In addition to the capital Allos provides, portfolio companies benefit from the extensive operating and business-building experience of the firm's managing partners, who make themselves available as needed to support each portfolio company's growth. For more information: allosventures.com.
About IU Ventures
IU Ventures is a Code Section 501(c)(3) organization dedicated to empowering Indiana University faculty, alumni, and friends to support and invest in IU-affiliated innovation. Through the IU Philanthropic Venture Fund and the IU Angel Network, IU Ventures works to provide opportunities for individuals affiliated with IU to network with fellow entrepreneurs; build innovative new businesses; and support growing enterprises through donations, investments, time and talents. To learn more, visit iuventures.com.
Encamp, Inc.
Jess Engel, Director of Marketing Communications
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Brings additional large-scale battery manufacturing expertise
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or "QuantumScape") today announced the appointment of Celina Mikolajczak to its board as an independent director. Ms. Mikolajczak is currently Vice-President of Engineering & Battery Technology at Panasonic Energy of North America and has played an integral role in the development and scale-up of some of the most important battery technologies behind today’s electric vehicle revolution. Prior to joining Panasonic, Ms. Mikolajczak served as Director of Engineering focused on battery development for rideshare vehicles at Uber Technologies. Before that, she worked at Tesla Motors as the Senior Manager for Cell Quality and Materials Engineering, helping to develop the battery cells and packs for Tesla’s Model S, Model X, Model 3, and Roadster Refresh.
“We are thrilled to have Celina join our board at this time,” said Jagdeep Singh, CEO of QuantumScape. “She brings a world-class understanding of high-volume battery manufacturing, and her guidance and expertise will be invaluable as we work to industrialize our ground-breaking solid-state lithium-metal battery technology.”
“I couldn’t be more excited to join the board of QuantumScape,” said Ms. Mikolajczak. “I look forward to helping advance the company through the next stage of growth into high-volume production.”
About QuantumScape Corporation
QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles. The company's mission is to revolutionize energy storage to enable a sustainable future.
For additional information, please visit www.quantumscape.com.
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale from a single layer pouch cell and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the registration statement filed by QuantumScape with the SEC on March 25, 2021 and available on the SEC’s website at www.sec.gov.
Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.
For Investors
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LONDON--(BUSINESS WIRE)--EnTrust Global, a leading asset management firm, today announced the launch of Purus Marine, a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, contracted long-term to high-quality end users. The Company serves a wide variety of maritime sectors, including the industrial shipping, short-sea, ferry, offshore wind and environmental remediation sectors.
Julian Proctor, who brings more than 24 years of experience in the maritime industry, will serve as Chief Executive Officer and as a Board Member.
Purus Marine’s fleet will reduce the carbon emissions and ocean pollution of its customers by using:
“As the maritime industry confronts the challenges of climate change, Purus Marine is strongly positioned to meet our customers’ increasing demands for low-carbon vessels and equipment,” said Julian Proctor, Chief Executive Officer of Purus Marine.
“Our specialized industry knowledge, our extensive relationships with end users, banks and shipyards, and the talent of our senior leadership, will support Purus Marine’s growth,” said Svein Engh, Senior Advisor and a Board Member of Purus Marine.
“We are excited to launch Purus Marine and make an immediate and measurable impact on reducing carbon emissions and pollutants from the maritime industry. Our mission is to support the industry’s transition to a zero-carbon and sustainable future,” said Gregg S. Hymowitz, CEO and Chairman of EnTrust Global and Chairman of the Board of Purus Marine.
Purus Marine has formed its first partnership, called DP Lease, with Damen Shipyards Group of the Netherlands. DP Lease will focus on owning electric and hybrid-electric ferries, towage and harbor equipment, contracted out to Damen’s clients.
About Purus Marine
Purus Marine is a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, contracted long-term to high quality end-users. The Company serves a wide variety of maritime sectors, including the industrial shipping, short-sea, ferry, offshore wind and environmental remediation sectors. Purus Marine is committed to supporting the maritime industry’s transition to a zero-carbon and sustainable future by owning vessels and infrastructure equipment that reduce carbon emissions and ocean pollution. For more information visit www.purusmarine.com.
Alastair McDonald
+44 20 7389 1351
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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2021 earnings conference call at 10:00 AM CDT on Friday, May 7, 2021. Forum will issue a press release regarding its first quarter 2021 earnings prior to the conference call.
To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The access code is 1008319. The call will also be broadcast through the Investor Relations link on Forum’s website at www.f-e-t.com. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. A replay of the call will be available for two weeks after the call and may be accessed by dialing 855-859-2056 within North America, or 404-537-3406 outside of North America. The access code is 1008319.
FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.
Company Contact
Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
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BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that it has signed two leases with an existing U.S. based Fortune 100 technology customer, at its AZP-2 data center in Phoenix, Arizona. The first lease represents a one megawatt expansion, which is expected to commence in the third quarter of 2021. The second lease was for a five megawatt deployment, which is expected to commence in the fourth quarter of 2021. Iron Mountain’s data center solutions met all of the customer’s requirements, including scalable capacity, network proximity to other deployments, and a design that provided flexibility and reliability.
AZP-2 is a hyperscale-ready data center powered by 100% renewable energy. The three-story purpose-built facility will span more than 530,000 gross square feet, and is expected to deliver 48 megawatts of total IT capacity at full build out, with campus connectivity to the existing 47 megawatts operating at AZP-1 in Phoenix and AZS-1 in Scottsdale, leveraging the network density of the existing ecosystem.
Including land held for future development, the 40-acre Phoenix campus will support more than 100 megawatts of IT load when fully developed. The highly secure campus offers Iron Mountain data center customers access to reliable and energy efficient data center capacity in one of the lowest risk U.S. metros for natural disasters. The addition of this hyperscale lease complements Iron Mountain’s Phoenix data center campus that currently includes a wide range of core retail enterprise and hyperscale colocation customers.
“We are pleased to expand our support of one of the world's leading technology companies,” said Rick Crutchley, Vice President & General Manager, North America at Iron Mountain Data Centers. “We expect to continue our balanced leasing strategy, and will pursue the right hyperscale opportunities that complement our core retail colocation ecosystem.”
Additional highlights of the Phoenix data center campus include:
Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including leasable capacity, land, and buildings held for future development, Iron Mountain's data center platform can support more than 375 megawatts of IT capacity at full build-out.
For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/data-centers.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of nearly 93 million square feet across approximately 1,450 facilities in 56 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.
Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. Forward-looking statements include, but are not, limited to statements concerning the commencement of the leases and datacenter capacity at full buildout. When we use words such as "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations.
These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for U.S. federal income tax purposes; (iii) the adoption of alternative technologies and shifts by our customers to storage of data through non-paper based technologies; (iv) changes in customer preferences and demand for our storage and information management services; (v) the cost and our ability to comply with laws, regulations and customer demands relating to data security and privacy issues, as well as fire and safety standards; (vi) our ability or inability to execute our strategic growth plan, expand internationally, complete acquisitions on satisfactory terms, and to integrate acquired companies efficiently; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we fail to protect our customers' information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute on Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute on our strategy (x) changes in the price for our storage and information management services relative to the cost of providing such storage and information management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of executing on our growth strategy through joint ventures; (xii) our ability to comply with our existing debt obligations and restrictions in our debt instruments or to obtain additional financing to meet our working capital needs; (xiv) the impact of service interruptions or equipment damage and the cost of power on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of alternative, more attractive investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners upon whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not presently contemplated; and (xx) other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in our periodic reports or incorporated therein. You should not rely upon forward-looking statements except as statements of our present intentions and of our present expectations, which may or may not occur. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contacts:
Greer Aviv
Senior Vice President, Investor Relations
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(617) 535-2887
Nathan McCurren
Director, Investor Relations
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(617) 535-2997
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with a subsidiary of Norsk Hydro (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years.
“We look forward to this long-term partnership and are pleased to assist Hydro with the transition of the Alunorte refinery to utilizing a cleaner and more affordable supply of energy,” said Wes Edens, Chairman and CEO of New Fortress Energy.
Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas, which is expected to reduce emissions by approximately 20%.
As part of the MOU, NFE will deliver a minimum agreed amount of natural gas to the refinery from the Company’s Barcarena LNG receiving and regasification terminal located in the state of Pará, Brazil.
The proposed agreement is subject to final documentation and the parties will work together to finalize their commercial arrangements.
The Barcarena terminal is anticipated to be completed and ready to supply natural gas in 2022.
About New Fortress Energy
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “intends,” “expects,” “subject to,” “plans” or “anticipates” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.
Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: risks related to the approval and execution of a definitive sales and purchase agreement, the development, construction or commissioning schedule may be longer than we expect, the funding of the project may not be possible on the terms we expect, we will be unable to operationalize our plans for the rights and key permits to develop the power plant and LNG terminal, and that we will not be able to provide electricity and natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
We undertake no duty to update these forward-looking statements, even though our situation may change in the future. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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e1 is working with Oregon State University-Cascades, University of Oregon, and EDCO to highlight locally developed clean energy technology by engineers from Oregon universities
BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp., also known as e1, a leading developer of hydrogen generation technology supporting clean fuel cell power technology, will hold a community event on April 19 to showcase locally developed near-zero-emission technology that is being adopted globally.
The community-focused event starts at 1 p.m. and ends at 2:30 at e1’s headquarters, located at 63050 Plateau Drive. e1 employees and graduates of the Oregon State University-Cascades energy systems engineering program will demonstrate e1’s unique technology and provide rides onboard a golf cart converted to a zero-emission fuel cell neighborhood electric vehicle.
Robert Schluter, e1’s co-founder and Chief Business Development Officer, said, “e1 is proud to play a role in supporting the adoption of clean fuel cell power for trucks, trains, and marine vessels. However, we would not have made it to this point without the encouragement and assistance of the Bend community. We are holding the open house as a way to say thank you for the support provided by EDCO, OSU-Cascades, the University of Oregon, and others, showcasing the talents and hard work of our engineers who came from Oregon universities. We welcome all to come see what they have accomplished as we move towards a clean and green future for the planet.”
Rebecca Webb, Ph.D., Tykeson Faculty Scholar in Energy Systems Engineering at OSU-Cascades, said, “Eighty percent of e1’s engineering team are alumni of OSU-Cascades’ energy systems engineering program. We are thrilled that our graduates helped make this significant contribution to cleantech. The e1 story is one example of what can be accomplished when OSU-Cascades engineering programs partner with Central Oregon businesses.”
Tim Schwartz, the Director of the University of Oregon Office of Entrepreneurship & Economic Transformation, said, “e1 CEO and co-founder Dave Edlund and his team are models for the entrepreneurial effect University of Oregon alumni, students, and faculty are having on our region. We are grateful for the employment and internship opportunities e1 provides our students. Dave embodies the University of Oregon’s commitment to entrepreneurship and innovation-centric economic development.”
Roger Lee, CEO of EDCO, said, “It has been exciting to see the steady progress that e1 has made in the green energy industry since launching more than a decade ago. After competing in the 2012 Bend Venture Conference and securing financial and advisory board assistance, we’ve witnessed them gain market traction that continues to fuel their current global growth.”
The planned event will include a demonstration of the fuel cell electric vehicle running on renewable methanol, including rides, and an information tour of e1’s technology.
Element 1 Corp:
e1 designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications and remote locations such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s proprietary technology produces hydrogen on-demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about Element 1, please visit www.e1na.com.
e1 Media Contact:
Robert Schluter
CBDO
Element 1 Corp
Phone: +1.541.678.5943
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e1 Investor / Analyst Contact:
Greg Haugen
CFO
Element 1 Corp
Phone: +1.541.639.1711
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced the completion of its acquisition of Hygo Energy Transition Ltd. (“Hygo”), a 50-50 joint venture between Golar LNG Limited (Nasdaq: GLNG) (“GLNG”) and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (“Stonepeak”), for 31,372,549 shares of NFE and $580 million in cash. NFE simultaneously announced the completion of the acquisition of all of the outstanding common units of Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”) for $3.55 per common unit in cash.
“The addition of the Hygo team, together with a great portfolio of world-class LNG ships and operators, enhances our efforts to bring more clean and affordable energy around the world,” said Wes Edens, Chairman and CEO of NFE. “With this acquisition, we are now a leading gas and power provider in a large and fast-growing market and have become one of the world’s premier energy transition companies.”
NFE is now a leading international gas-to-power company with an operational floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1500MW power plant in Sergipe, Brazil, as well as three other FSRU terminals with associated power opportunities that are advancing through development and construction.
Including the acquisition of GMLP, NFE has become more integrated by adding a global shipping fleet of seven FSRUs and six LNG carriers as well as a 50% interest in Trains 1 and 2 of the Hilli Episeyo, a floating liquefaction vessel.
The combined transactions are valued at a $5.1 billion enterprise value and a $2.43 billion equity value.
NFE’s management will host a conference call on Friday, April 16, 2021 at 10:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Investor Update Call."
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 1:00 P.M. Eastern Time on April 16, 2021 through 1:00 P.M. Eastern Time on April 23, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside the U.S.), Passcode: 3694361.
About New Fortress Energy
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.
Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: (i) changes in federal, state, local and foreign laws or regulations to which NFE, Hygo or GMLP is subject; (ii) terrorism and other security risks, including cyber risk, adverse weather conditions, including hurricanes, environmental releases and natural disasters; (iii) adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political, economic or social developments; (iv) shutdowns or interruptions at NFE’s, Hygo’s or GMLP’s terminaling, storage and processing assets; (v) volatility in the price of LNG products; (vi) nonpayment or nonperformance by any of NFE’s, Hygo’s or GMLP’s customers or suppliers; (vii) NFE’s ability to integrate Hygo’s and GMLP’s assets and operations with its existing assets and operations in the expected timeframe and to realize anticipated cost savings and other efficiencies and benefits; (viii) increased costs associated with the integration of Hygo’s and GMLP’s businesses and other risks common to integration of assets and operations, including disruptions to the businesses of NFE, Hygo or GMLP, failure to integrate internal controls, and failure to realize the anticipated benefits of the transactions, among others; and (ix) the cautionary discussion of risks and uncertainties detailed in Part I, Item 1A, “Risk Factors” and Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of NFE’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (as filed with the SEC on March 16, 2021) and other risk factors identified herein or from time to time in NFE’s periodic filings with the SEC. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting government and commercial markets, today announced that it will issue first quarter 2021 results after market close on Wednesday, April 28, 2021. A conference call will be held Thursday, April 29, 2021 at 8:30 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To participate in the live teleconference:
Domestic Live: |
(877) 407-0789 |
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International Live: |
(201) 689-8562 |
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Audio Webcast: |
To listen to a replay of the teleconference through May 13, 2021:
Domestic Replay: |
(844) 512-2921 |
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International Replay: |
(412) 317-6671 |
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Replay PIN Number: |
13718038 |
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets supporting government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit www.vsecorp.com.
FORWARD LOOKING STATEMENTS
This release contains statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward-looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and VSE specifically disclaims any obligation to update these statements in the future.
INVESTOR RELATIONS: Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it will release its financial results for the first quarter 2021 after the market closes on Tuesday, April 27, 2021. Following the release, the Company will host a conference call to discuss the results at 8:00AM Mountain Time (10:00AM Eastern Time) on Wednesday, April 28, 2021. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer.
Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10148920. The replay will be available until May 5, 2021.
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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CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced that the Company will hold a webcast to review its second quarter fiscal 2021 results on Thursday, April 22, 2021, at 10:00 a.m. Eastern Time.
To access the webcast, please visit the investor relations section of the Company's website: http://www.marinemax.com. The online replay will be available for a limited time beginning within one hour of the conclusion of the call.
The Company will release its second quarter fiscal 2021 financial results prior to the market open on Thursday, April 22, 2021.
During the call, it is possible that the Company may make public disclosure of material nonpublic information and may make forward-looking statements regarding the Company's business, operations, and financial condition.
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 77 retail dealership locations, including 30 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, it is also the largest super-yacht services provider, operating locations across the globe. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). For more information, please visit www.marinemax.com.
Michael H. McLamb
Chief Financial Officer
727-531-1700
Media:
Abbey Heimensen
MarineMax, Inc.
Investors:
Brad Cohen or Dawn Francfort
ICR, LLC
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that Jeffrey M. Songer has been named to a new position as executive vice president - strategic merger planning and John F. Orr has been named executive vice president - operations.
In this new role, Mr. Songer will be primarily focused on managing the merger application process for the proposed Canadian Pacific (CP) and KCS combination. This process will include developing, among other things: a joint network-wide operating plan; safety integration plan; environmental impact statement and environmental assessment; and, labor impact plan.
“Jeff is uniquely qualified to fill this critical role in what is arguably the most strategically significant project in our company’s 134-year history,” said KCS president and chief executive officer Patrick J. Ottensmeyer. “His 16-year track record of outstanding performance at KCS, and his familiarity with all aspects of our network, business and customer base, make him very well suited for this important role.”
Mr. Orr brings more than 20 years of precision scheduled railroading operations experience at CN, serving most recently as senior vice president and chief transportation officer, where he was responsible for CN’s transportation and network assets across the U.S. and Canada, a network of about 20,000 miles.
“Among the wide variety of positions he has held over his distinguished career, John also served as senior vice president-operations for CN’s U.S. (Southern) Region, CN’s vice president-transportation for their network in Eastern Canada, and vice president-chief safety and sustainability officer for CN’s North American network,” said Mr. Ottensmeyer. “John has been with us as an executive consultant since February and has gained a solid understanding of our network operations and opportunities for further improvement. John has integrated extremely well with Sameh Fahmy and the entire PSR implementation team at KCS, and I am confident he will contribute positively to our service focused ‘phase three’ PSR initiatives.”
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
C. Doniele Carlson, 816-983-1372, This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK--(BUSINESS WIRE)--White Oak ABL, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a second $10 million line increase and extension, bringing the total ABL Credit Facility to $95 million, to Hunt & Sons, Inc., a third-generation, family-owned diversified petroleum products distributor. This is the fourth amendment closed between the firms.
“We are thrilled to partner with and fund the ongoing success of Hunt & Sons to support their acquisitions and provide them with the flexible working capital they need to achieve their business goals,” said White Oak ABL Managing Director Clark D. Griffith. “We believe their strong position in the marketplace and our scalable solutions will continue to generate positive outcomes.”
Founded in 1946 and headquartered in Sacramento, California, Hunt & Sons specializes in commercial fleet fueling services, bulk fuel supply and comprehensive lubricant solutions for industrial, commercial and agricultural use.
“White Oak is a hands-on partner whose reliable funding has helped our company make two key acquisitions during uncertain markets,” said Joshua Hunt, CEO of Hunt & Sons. “Their creative thinking and ready capital have enabled us to move our business forward with certainty and we look forward to our continued partnership.”
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.
Jonathan Setiabrata
Investor Relations
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EVANSTON, Ill.--(BUSINESS WIRE)--Star Peak Energy Transition Corp. (NYSE:STPK), a publicly traded special purpose acquisition company (“Star Peak”), announced today that it is reaffirming its previously announced Special Meeting of Star Peak Stockholders (the “Special Meeting”) on April 27, 2021 to approve the business combination with Stem, Inc. (“Stem”). If the proposals at the Special Meeting are approved, Star Peak anticipates that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions. Star Peak is currently evaluating the impact of the statement (the “Statement”) released by the Staff of the U.S. Securities and Exchange Commission (the “SEC”) on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies, including whether the changes in accounting treatment described in the Statement will require a restatement of Star Peak’s previously issued financial statements. Star Peak intends to provide a market update in due course in the event that it determines a restatement is necessary, and does not anticipate any changes to the previously disclosed timeline for completing its business combination with Stem.
The Special Meeting to approve the pending business combination is scheduled for Tuesday, April 27, 2021, at 11:00 a.m. ET. The Special Meeting will be completely virtual and conducted via live webcast. Holders of Star Peak’s shares of Common Stock at the close of business on the record date of March 4, 2021 are entitled to notice of the virtual Special Meeting and should vote before 11:59 p.m. ET on April 26, 2021.
Star Peak stockholders can exercise their votes online, via telephone or by mail. More information on how to vote can be found at https://stpk.starpeakcorp.com/vote. Star Peak stockholders who need assistance voting or have questions regarding the Special Meeting may contact Star Peak’s proxy solicitor, Morrow Sodali, toll-free at (877) 787-9239 or email Morrow Sodali at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Stem, Inc.
Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.
Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril L.P., Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.
About Star Peak Energy Transition Corp.
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International (NYSE:NOVA) and lead director of Kinder Morgan, Inc. (NYSE:KMI), one of the largest energy infrastructure companies in North America, a company he joined at its founding in 1997. Eric Scheyer is a Partner at Magnetar and has served as the Head of the Magnetar Energy and Infrastructure Group since its inception in 2005. For more information, visit https://stpk.starpeakcorp.com/.
Additional Information
This communication is being made in respect of a proposed merger transaction (the “proposed transactions”) involving Star Peak and Stem. The proposed transactions will be submitted to stockholders of Star Peak for their consideration and approval at a special meeting of stockholders. In connection with the proposed transactions, Star Peak has filed a Registration Statement on Form S-4 (the “Registration Statement”) with the SEC, which includes a definitive proxy statement / prospectus / written consent solicitation that has been distributed to Star Peak stockholders in connection with Star Peak’s solicitation for proxies for the vote by Star Peak’s stockholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities. Star Peak has mailed a definitive proxy statement / prospectus / written consent solicitation and other relevant documents to its stockholders as of the record date established for voting on the proposed transactions. Investors and security holders of Star Peak are advised to read the definitive proxy statement / prospectus / written consent solicitation in connection with Star Peak’s solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transaction because the proxy statement / prospectus / written consent solicitation contains important information about the proposed transaction and the parties to the proposed transaction. Stockholders may also obtain copies of the definitive proxy statement / prospectus / written consent solicitation, without charge at the SEC’s website at www.sec.gov or by directing a request to: Star Peak Energy Transition Corp., 1603 Orrington Ave., 13 Floor Evanston, IL 60201.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
Star Peak and Stem and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Star Peak’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Star Peak s stockholders in connection with the proposed business combination is set forth in Star Peak’s registration statement / proxy statement that has been filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Star Peak’s directors and officers in Star Peak’s filings with the SEC, and such information is also in the Registration Statement that has been filed with the SEC by Star Peak, which includes the definitive proxy statement / prospectus / written consent solicitation of Star Peak for the proposed transaction.
Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Star Peak or Stem’s future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “or“ or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Stem and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the risk of delays in completing the business combination due to the impact of the Statement; 3) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 4) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 5) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 6) the ability to meet the New York Stock Exchange’s listing standards following the consummation of the business combination; 7) the risk that the business combination disrupts current plans and operations of Stem as a result of the announcement and consummation of the business combination; 8) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 9) costs related to the business combination; 10) changes in applicable laws or regulations; 11) the possibility that Stem or the combined company may be adversely affected by other economic, business and/or competitive factors; 12) Stem’s estimates of its financial performance; 13) the impact of the novel coronavirus disease pandemic and its effect on business and financial conditions; and 14) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Star Peak’s Annual Report on Form 10-K for the year ended December 31, 2020. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Star Peak nor Stem undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Investors – Stem
Ted Durbin, Stem, Inc.
Marc Silverberg, ICR, Inc.
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Media – Stem
Cory Ziskind, ICR, Inc.
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Star Peak
Tricia Quinn
Courtney Kozel
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847 905 4400
Brand to Eliminate Plastic Shopping Bags in U.S. & Canada Stores by 2023
SAN FRANCISCO--(BUSINESS WIRE)--Today, Old Navy announces the elimination of plastic shopping bags in the U.S. and Canada stores by 2023, alongside other plastic reduction commitments aimed at creating a greener, cleaner future for the next generation. The brand will also invest in a new wave of earth-minded changemakers in honor of the 51st anniversary of Earth Day. In partnership with 11-year-old Next Gen leader Ryan Hickman of Ryan’s Recycling Company, Old Navy will fund 51 GoFundMe fundraisers from young advocates leading environmental progress in their communities.
Alongside its own sustainability efforts, Old Navy wants to encourage the next generation of innovative, eco-conscious activists to #imagineabetterfuture. The brand is naming “Recycle Ryan” Hickman as Old Navy’s Head of FUNcycling and investing in Project 3R, Ryan’s nonprofit organization dedicated to recycling awareness. In his new role, Ryan will work with Old Navy to select youth-led GoFundMe fundraisers focused on sustainability. In honor of the 51st Annual Earth Day, the brand will fund 51 fundraisers from now until the end of 2021. On its social channels, Old Navy will be sharing a series of tips from the recycling prodigy that are “so easy an adult can do them.”
“I’m really passionate about recycling and taking care of our environment, and that’s why I’m so excited to be partnering with Old Navy to make plastic waste a thing of the past,” said Old Navy Head of FUNcycling Ryan Hickman. “Together, we will work to raise awareness and support those that are making a difference in their communities. I am a strong believer that we can make a big impact when we all work together.”
Old Navy is imagining a greener future where plastic waste is a thing of the past. Parent company Gap Inc. has committed to eliminating unnecessary single-use plastics by 2030, and Old Navy is sharing steps towards that goal. By 2023, all plastic shopping bags in the brand’s U.S. and Canada stores will be replaced with paper shoppers made from 40% post-consumer waste kraft material. By the end of 2021, the brand’s plastic hanger recycling program, currently in over half of U.S. and Canada stores, will extend to 100% of the fleet.
Additionally, packaging from OldNavy.com, as well as those from Gap Inc. sister brands, will be updated to 50% recycled content, increased from the current 35%. These mailers, which will begin hitting mailboxes this summer, will also be reusable for returns and recyclable at drop-off locations. Customers can learn more at Gapinc.com/inthebag.
Old Navy’s sustainability work is part of the brand’s purpose platform The Imagine Mission. The Imagine Mission strives to create a better future for future generations through the pillars of opportunity, inclusivity and sustainability. Learn more about Old Navy’s values-driven work at Oldnavy.com/Imagine.
About Old Navy
Old Navy is a global apparel and accessories brand that makes current American essentials accessible to every family. Originated in 1994, the brand celebrates the democracy of style through on-trend, playfully optimistic, affordable and high-quality products. A division of San Francisco-based Gap Inc. (NYSE: GPS), Old Navy brings a fun, energizing shopping environment to its customers in more than 1,200 stores around the world. For more information, please visit www.oldnavy.com.
About GoFundMe
Founded in 2010, GoFundMe is a fundraising platform that connects people, causes, and charities seeking support with those able to help. GoFundMe provides an efficient and safe platform to raise money for both immediate and long-term needs, while making an impact on a global scale. GoFundMe is inspiring hope and changing lives through giving. Find us on Twitter, Facebook and Instagram.
[TM1] Announced in Gap Inc’s 2019 Sustainability Report: https://www.gapincsustainability.com/environment/protecting-our-shared-environment/diverting-waste
Media Contacts
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