SIMI VALLEY, Calif.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems, and Arcturus UAV, Inc., a privately-held leading provider of Group 2 and 3 unmanned aircraft systems (UAS) and services, today announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405 million, including $355 million in cash and $50 million in AeroVironment stock. The transaction, which was unanimously approved by the AeroVironment and Arcturus UAV Boards of Directors, is expected to accelerate AeroVironment’s strategy to drive profitable growth and value by expanding into attractive adjacent segments and by broadening its capabilities and customer footprint.
Founded in 2004 and based in Petaluma, California, Arcturus UAV has approximately 270 employees, designs and manufactures Group 2 and Group 3 UAS and provides related services, including contractor-owned, contractor-operated (COCO) services. Arcturus UAV is a leading supplier to the USSOCOM, supporting its $1.4 billion MEUAS III and IV programs, and one of four awardees selected for funded development and demonstrations supporting the U.S. Army’s FTUAS program, a potential billion dollar, next-generation UAS program. Arcturus UAV has a demonstrated track record of solid performance, with topline growth exceeding 20 percent for each of its last two fiscal years.
“We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” said Wahid Nawabi, AeroVironment president and chief executive officer. “Group 2 and 3 UAS and services, collectively, potentially represent more than one billion dollars in annual contract value, according to an independent forecast. Combining our highly complementary products and technologies will enhance our portfolio, deliver top and bottom-line growth, and enable us to provide customers with a complete set of Group 1 through 3 UAS, tactical missile systems, high-altitude pseudo-satellites and unmanned ground vehicle solutions. Through this expanded portfolio, we will be well positioned to serve a broader range of customer missions across multiple domains and significantly enhance value for shareholders over the near and long-term.”
“The Arcturus UAV team has produced strong growth in recent years and has secured strategically important wins in the MEUAS and FTUAS programs, positioning Arcturus as a leader for next-generation program requirements. Together, we will offer an unmatched portfolio of multi-domain unmanned capabilities, supported by our ongoing investments in artificial intelligence and autonomy, to help our customers address a broad set of defense and commercial missions. We look forward to welcoming Arcturus UAV’s talented team, strong customer relationships in growing UAS segments and robust pipeline of innovations to AeroVironment,” Mr. Nawabi added.
“AeroVironment’s depth of experience in UAS and tactical missile systems, international presence, and impressive team is a natural fit for Arcturus UAV, and will create substantial opportunities to build on our strong momentum,” said D’Milo Hallerberg, Arcturus UAV president and chief executive officer. “With the support of AeroVironment, we will have greater scale, expanded resources, cutting-edge technology and superior capabilities to meet the growing global demand for our products and solutions. We are confident that with AeroVironment, we can accelerate our growth as part of a larger, more diverse company and look forward to working closely with the team to complete this exciting transaction.”
Arcturus UAV’s products include the JUMP-20, a multi-mission, medium endurance vertical takeoff and landing (VTOL) system requiring no launch equipment or runway and the T-20, a multi-mission, medium endurance catapult-launched system. Arcturus UAV sells its products directly to end users and delivers COCO services. All Arcturus UAV systems have the ability to carry a broad range of payloads, including standard EO/IR gimbals as well as 3-D mapping, SAR, LIDAR, communications relay, COMINT and SIGINT payloads.
AeroVironment expects the acquisition to be immediately accretive to adjusted EBITDA, excluding deal and integration costs, and non-GAAP diluted earnings per share, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS in fiscal year 2022, while increasing pro forma net leverage to 0.5 times adjusted EBITDA.
Upon completion of the transaction, key members of the Arcturus UAV executive management team will remain in leadership positions. The transaction is expected to close during fourth quarter of AeroVironment’s fiscal year 2021, subject to customary closing conditions and regulatory approvals. At close, Arcturus UAV will operate as a wholly-owned subsidiary of AeroVironment.
The purchase price represents a multiple of approximately 11x Arcturus UAV’s LTM 9/30/20 adjusted EBITDA, net of anticipated tax benefits. In connection with the acquisition, AeroVironment has received commitments for a $200 million Term Loan Facility and $100 million revolver (undrawn at close) with Bank of America, N.A. acting as Administrative Agent, and with BofA Securities, Inc., JPMorgan Chase Bank, N.A. and U.S. Bank National Association acting as arrangers. AeroVironment will fund approximately $155 million of the acquisition from cash on hand.
Conference Call and Presentation
In conjunction with this release, AeroVironment, Inc. will host a conference call today, Wednesday, January 13, 2021, at 2:00 pm Pacific Time that will be webcast live. Wahid Nawabi, president and chief executive officer, Kevin P. McDonnell, chief financial officer and Steven A. Gitlin, chief marketing officer and vice president of investor relations, will host the call.
Date: January 13, 2021
Time: 2:00 PM PT (3:00 PM MT, 4:00 PM CT, 5:00 PM ET)
Toll-free: (877) 561-2749
International: (678) 809-1029
Conference ID: 9291188
Investors with Internet access may listen to the live audio webcast via the Investor Relations section of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.
A supplementary investor presentation can be accessed at https://investor.avinc.com/events-and-presentations.
An audio replay of the event will be archived on the Investor Relations page of the company's website, at http://investor.avinc.com. The audio replay will also be available via telephone from Wednesday, January 13, 2021, at approximately 4:30 p.m. Pacific Time through Wednesday, January 20, 2021, at 4:30 p.m. Pacific Time. Dial (855) 859-2056 (U.S.) or (404) 537-3406 (international) and provide the conference ID 9291188.
Advisors
Jefferies LLC served as exclusive financial advisor and K&L Gates served as legal advisor to AeroVironment in connection with the transaction.
Evercore served as exclusive financial advisor and Hogan Lovells served as legal advisor to Arcturus UAV in connection with the transaction.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.
About Arcturus UAV, Inc.
Arcturus UAV designs, manufactures, and configures complete unmanned aircraft systems, including fixed-wing VTOL aircraft, ground control systems, and launch systems and provides comprehensive integration of non-standard as well as user-specified avionics and payloads. Arcturus UAV also provides full-service flight operations to U.S. Military customers. For more information, visit www.arcturusuav.com.
Safe Harbor Statement
Certain statements in this press release may constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to successfully consummate the transactions contemplated by the agreements to purchase Arcturus UAV and Telerob on a timely basis, if at all, including the satisfaction of the closing conditions of such transactions; the risk that disruptions will occur from the transactions that will harm our business or any acquired business(es); any disruptions or threatened disruptions to our relationships with our distributors, suppliers, customers and employees; the ability to timely and sufficiently integrate acquired operations into our ongoing business and compliance programs, including the expansion of international aspects; our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For additional media and information, please follow us at:
Facebook: https://www.facebook.com/aerovironmentinc/
Twitter: https://twitter.com/aerovironment
LinkedIn: https://www.linkedin.com/company/aerovironment
YouTube: http://www.youtube.com/user/AeroVironmentInc
Instagram: https://www.instagram.com/aerovironmentinc/
Media:
Andrew Siegel or Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449
AeroVironment Corporate Communications
+1 (805) 520-8350
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investors:
AeroVironment, Inc.
Makayla Thomas
+1 (805) 520-8350
This email address is being protected from spambots. You need JavaScript enabled to view it.
--Predictive Function Enhances Production Site Monitoring--
TOKYO--(BUSINESS WIRE)--#control--Azbil Corporation (TOKYO:6845) has announced the global launch of the English and Chinese versions of its Early Warning System for Time Series Data (hereafter, “Early Warning System”) in markets including Southeast Asia, China and Korea.
The Early Warning System, launched in Japan in 2013, is a software package that constantly monitors changes in time series data trends for important process variables like temperature, pressure, flow rate, and liquid level in order to alert operators to potential deviation from control values at an early stage. Compared with alarm monitoring by a distributed control system (DCS), the Early Warning System’s predictive alarms have the advantage of early recognition, before control values are reached or safety devices operate.
In an emergency when something goes wrong with equipment and many DCS alarms activate, missed alarms or other human error may occur, leading to accidents. The Early Warning System, however, is independent of the DCS and complements ordinary alarms with predictive ones. For example, showing trends on a large display separately from the DCS monitor can promote an early and appropriate response by operators. In this way, the system works in combination with existing monitoring and control systems like the DCS to provide greater effectiveness.
In Japan, the system is used mainly by oil and chemical companies, which are highly conscious of plant safety and security and are willing to utilize IoT technology, but recently it has also been used at water supply facilities to monitor distribution reservoirs, water quality, and drainage facilities, in order to ensure a stable supply of tap water. Also, the system’s use has expanded to include maintaining the quality of medical and pharmaceutical products as required by regulations. For example, it detects abnormal temperature fluctuations early to suppress deviations from control values. In response to the growing need for data-based solutions at overseas manufacturing sites, Azbil is launching English and Chinese versions of the software.
Features
For details, visit the following website.
https://www.azbil.com/products/factory/factory-product/monitoring-control-system-software/monitoring-operation-support/actmos/index.html
Guided by its philosophy of “human-centered automation,” the azbil Group aims to make contributions that lead “in series” to the achievement of a sustainable society, as well as securing its own sustainable growth. It provides products that solve problems faced by society and meet customer needs.
*1 A standard for exchanging process data, alarms, historical data, etc., based on COM/DCOM (Component Object Model / Distributed Component Object Model), which is Microsoft Windows technology.
*2 Plant Information Management Systems collect and store process data and manufacturing data from various monitoring and control systems in plants and factories to visualize and analyze the operation and manufacturing status of manufacturing equipment.
About Azbil Corporation
Azbil Corporation, formerly known as Yamatake Corporation, is a leading company in building and industrial automation, using its measurement and control technologies to provide customers with high value-added solutions to make their operations more efficient and sustainable. Founded in 1906, Azbil serves customers across the globe in a broad range of industries and aims to contribute to people's safety, comfort and fulfilment, and global environmental preservation. At the end of March 2020, Azbil employed over 9,800 people worldwide and generated ¥259 billion in revenue.
For more information, please visit https://www.azbil.com/.
Windows is a registered trademark or trademark of Microsoft Corporation in the United States and/or other countries.
Robert Jones
Phone: +81-3-6810-1006
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) fiscal first quarter 2021 earnings release, you are invited to listen to its conference call on Wednesday, February 10, 2021, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.
|
What: |
Helmerich & Payne, Inc.’s Fiscal First Quarter 2021 Earnings Release. Other material developments may also be discussed. |
|
|
|
|
|
|
When: |
11:00 a.m. ET (10:00 a.m. CT), Wednesday, February 10, 2021 |
|
|
|
|
|
|
Via Phone: |
Domestic: 800-895-3361 Access Code: Helmerich |
|
|
|
International: 785-424-1062 Access Code: Helmerich |
|
|
|
|
|
|
Via Internet: |
Log on to http://www.helmerichpayne.com then click on “INVESTORS” and then click on “Event Calendar” to find the event and the link to the webcast. |
|
|
|
|
|
|
Questions: |
Dave Wilson, This email address is being protected from spambots. You need JavaScript enabled to view it., 918-588-5190 |
|
If you are unable to listen during the live webcast, the call will be archived for 365-days on Helmerich & Payne, Inc.’s website at http://www.helmerichpayne.com under “Event Calendar,” which can be accessed through the “INVESTORS” section of the website.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
This email address is being protected from spambots. You need JavaScript enabled to view it.
Avetta Marketplace companies can now receive quotes for the HOUND® MARIJUANA BREATHALYZER to ensure workplace safety and productivity by determining recent marijuana use
OREM, Utah--(BUSINESS WIRE)--#riskmanagement--Avetta®, the leading provider of supply chain risk management, and Hound Labs, Inc. have partnered to provide supply chain companies in the Avetta Marketplace with the HOUND® MARIJUANA BREATHALYZER. The breathalyzer is the world’s first ultra-sensitive solution for detecting and measuring recent marijuana use in breath. The solution will reach general availability this spring, and quotes are now available for Avetta Marketplace members to secure a system at a discounted rate.
“Hound Labs’ solution is a key method to help both employees and companies maintain safety in all areas of the supply chain,” said Richard Parke, SVP Supplier Services at Avetta. “Companies now have an accurate way to determine whether or not employees recently used marijuana prior to coming to the job site. This process is especially critical in states where recreational marijuana use is legal.”
Drug tests that analyze oral fluid, hair, blood and urine can tell only whether someone used marijuana at some point in the past—up to hours, days, weeks or months ago—long after impairment subsides. The HOUND MARIJUANA BREATHALYZER is a fairer test because it measures THC in breath for the few hours that correlate with peak impairment. Testing only recent marijuana use within the peak impairment window1 avoids basing employment decisions on irrelevant information about past use. Using the Hound Labs breathalyzer maintains workplaces as impairment-free environments, promoting safety and productivity of employees.
“The HOUND MARIJUANA BREATHALYZER provides Avetta member companies with a critical tool to help ensure their workplaces are safe without having to base employment decisions on positive tests for past marijuana use that may have legally occurred after work hours,” said Mike Lynn, CEO and Co-Founder of Hound Labs.
Avetta’s Marketplace also allows suppliers to purchase discounted safety products and other safety-related services. Marketplace enhances membership value by reducing costs, saving time, improving performance and growing the businesses of contractors and suppliers who participate. Avetta was the first in the industry to offer a “Marketplace” of these kinds of value-added services.
For more information about the HOUND MARIJUANA BREATHALYZER, visit the Avetta Marketplace.
About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 100K suppliers across 100+ countries. Visit www.avetta.com for more information.
About Hound Labs, Inc.
Hound Labs is a point-of-care health technology company that combines science and technology in novel ways to improve health and wellness. The Company believes its ultra-sensitive and portable technologies will pave the way to practical and fair solutions for some of the leading public health and safety issues. Hound Labs’ point-of-care solutions include the HOUND® MARIJUANA BREATHALYZER2, which allows employers and law enforcement to identify recent marijuana use rapidly and accurately by testing breath on-site, and the HOUND® COVID-19 BREATHALYZER, which captures breath samples on-location for laboratory identification of COVID-19. The Oakland-based company was founded in 2014 by a team, including CEO Dr. Mike Lynn, an ER physician, reserve deputy sheriff, and former venture capitalist. Benchmark, Icon Ventures, Intrinsic Capital Partners, Main Street Advisors, NFP Ventures, and individual investors have funded the Company.
The HOUND® MARIJUANA BREATHALYZER is intended to detect recent marijuana use. It does not measure whether, or how much, a person is impaired. It is intended solely for use in law enforcement, employment, and insurance settings. It should not be used for any medical or therapeutic purposes, or for any Federal drug testing programs, such as programs run by the Substance Abuse and Mental Health Services Administration (SAMHSA), the Department of Transportation (DOT), and the U.S. military.
1 https://www.nhtsa.gov/sites/nhtsa.dot.gov/files/809725-drugshumanperformfs.pdf
2 The HOUND MARIJUANA BREATHALYZER is intended to detect recent marijuana use. It does not measure whether, or how much, a person is impaired. It is intended solely for use in law enforcement, employment, and insurance settings. It should not be used for any medical or therapeutic purposes, or for any Federal drug testing programs, such as programs run by the Substance Abuse and Mental Health Services Administration (SAMHSA), the Department of Transportation (DOT), and the U.S. military.
SnappConner PR
Mark Fredrickson, +1 801-806-0161
This email address is being protected from spambots. You need JavaScript enabled to view it.
Avetta
Scott Nelson, +1 801-850-3363
This email address is being protected from spambots. You need JavaScript enabled to view it.
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2020, of $0.52 per unit.
This corresponds to $2.08 per outstanding unit on an annualized basis.
This cash distribution will be paid on February 11, 2021 to all unitholders of record as of the close of business on January 29, 2021.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP.”
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
+44 7496 170 620
Combined Energy Storage Capacity of Orders Is 151,000 Megawatt Hours
LAKE MARY, Fla.--(BUSINESS WIRE)--#BESS--Mitsubishi Power has claimed the number one market share position in the Americas in 2020 with orders for 151,000 megawatt hours (MWh) of energy storage capacity of all durations. The all-duration category covers utility-scale and behind-the-meter technologies including battery, pumped hydro, and green hydrogen storage. Mitsubishi Power provides both short-duration battery energy storage systems and long-duration green hydrogen energy storage systems to meet customers’ decarbonization needs as they deploy deep renewables penetration and need energy storage of various durations.
Short-Duration Storage Solutions
Short-duration lithium-ion-based energy storage provides multiple services in power markets including dispatchable peak capacity, firming of intermittent renewable resources, ancillary services, energy price arbitrage, and transmission and distribution (T&D) congestion solutions. Mitsubishi Power received orders for 920 MWh of short-duration lithium-ion battery energy storage systems in 2020. Storage developers Key Capture Energy and Hecate Grid selected Mitsubishi Power as their integrator for projects in Texas and California, respectively. In addition, the State University of New York, with project oversight by the New York Power Authority, selected Mitsubishi Power’s subsidiary Oriden to provide a behind-the-meter photovoltaic solar-plus-storage solution at the SUNY Fredonia Campus. These projects will all enter commercial operation in 2021. Mitsubishi Power has additional undisclosed orders pending announcement.
Long-Duration Storage Solutions
Utility-scale green hydrogen projects can store renewable energy over long periods of time, ranging from hours to seasons, to provide dispatchable and cost-effective carbon-free energy when power grids with heavy renewable power penetration need it most. A first mover for stored renewable energy in the form of green hydrogen is the Intermountain Power Agency’s 840 MW Intermountain Power Project in Delta, Utah. In March 2020 IPA ordered Mitsubishi Power JAC gas turbine power islands for which Mitsubishi Power guaranteed the ability to use 30 percent green hydrogen fuel. In a separate project, Magnum Development selected Mitsubishi Power as its partner to develop the Advanced Clean Energy Storage project in Delta, Utah. This project will use renewable power and electrolysis to produce green hydrogen that will be stored in a salt cavern with the capacity to store 150,000 MWh of renewable energy for long-duration energy storage. The Intermountain Power Project and the Advanced Clean Energy Storage project are scheduled to enter commercial operation in 2025.
Energy Storage Market Growth
The energy storage market is experiencing rapid growth. To provide context, between 2012 and 2019 the United States installed just 3,200 MWh of energy storage capacity according to Wood Mackenzie Power & Renewables/U.S. Energy Storage Association. Mitsubishi Power’s announced orders in 2020 for an additional 151,000 MWh of storage capacity therefore represent a substantial increase.
Mitsubishi Power’s end-to-end energy storage systems optimize integration of renewables, battery energy storage, hydrogen storage, and hydrogen-enabled gas turbine power plants — a key to reaching carbonless emissions.
Paul Browning, President and CEO of Mitsubishi Power Americas, said, “Demand for energy storage is being driven by the rapid build-out of renewable power generation. As the energy storage market takes off in the Americas and around the world, so is Mitsubishi Power’s energy storage business. As power producers, developers, and utilities set targets for net zero carbon emissions, they are recognizing the value of having an energy storage integrator with deep experience in all the technologies they need to seamlessly integrate power generation and energy storage of all durations. Mitsubishi Power has this unique experience. Together with our customers, we are creating a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
Communications Contact
Sharon Prater
+1 407-688-6200
This email address is being protected from spambots. You need JavaScript enabled to view it.
OSAKA, Japan--(BUSINESS WIRE)--NIPPON SHOKUBAI CO., LTD. (TOKYO:4114) (https://www.shokubai.co.jp/en/) has decided to begin facility design of new electrolytes "IONEL®, - Lithium bis(fluorosulfonyl) imide [LiFSI]" for lithium-ion batteries by setting up the "IONEL Construction Team" on October 1, 2020 in order to construct new manufacturing facilities (annual production capacity: 2,000 tons; location: Ichikawa, Chiba) using its own process. The decision is made because current production capacity, the annual production capacity of 300 ton, is insufficient for the increasing demand. Commercial production by the new facility will start from spring 2023.
IONEL has an excellent effect in improving the life, the charge/discharge rate performance, and the durability at low/high temperatures for the batteries. With this excellent effect, Our Product has been enjoying high reputation in the industries.
To meet our customers’ demand, in addition to efforts to improve the performance of Our Product, we have been making efforts to protect Our Product by means of applying for and securing a number of patents, including 44 patents listed below.
We respectfully request all persons who look at this notice to pay utmost attention not to infringe our patents in purchasing, selling or using products which make use of our patents of other companies that are unrelated to NIPPON SHOKUBAI.
We are dedicated to continue to make efforts for further improvement and development of Our Product with better technologies. We would sincerely appreciate your continued patronage for Our Product.
Patent No. |
||
CN ZL200980111233.6 |
SULFONYLlMIDE SALT AND METHOD FOR PRODUCING THE SAME |
|
CN ZL201180026278.0 |
ALKALI METAL SALT OF FLUOROSULFONYL IMIDE, AND PRODUCTION METHOD THEREFOR |
|
CN ZL201480008985.0 |
ELECTROLYTE SOLUTION AND LITHIUM ION SECONDARY BATTERY PROVIDED WITH SAME |
NIPPON SHOKUBAI Announcement
https://www.shokubai.co.jp/cn/news/
NISSHOKU TRADING (SHANGHAI) CO., LTD
Pei Xia
TEL: +86-21-5407-5959
R/No.3604,The Center,989 Changle Road, Shanghai 200031, China
Investment Highlights
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has entered into definitive agreements to acquire 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”), and Golar LNG Partners, LP (Nasdaq: GMLP) (“GMLP”).
“With a strong presence in Brazil and a world-class LNG shipping business, Hygo and GMLP are excellent additions to our efforts to accelerate the world’s energy transition,” said Wes Edens, Chairman and CEO of NFE. “The addition of Hygo will quickly expand our footprint in South America with three gas-to-power projects in Brazil’s large and fast-growing market. With GMLP, we gain LNG ships and world-class operators that are an ideal fit to support our existing terminals and robust pipeline.”
“We are impressed with what Wes Edens and the NFE team have created and their commitment to changing the energy industry,” said Golar LNG Chairman Tor Olav Troim. “They share our vision to provide cheaper and cleaner energy to a growing population. The consolidation of two of the entrepreneurial LNG downstream players gives the company improved access to capital and creates a unique world-leading energy transition company which Golar shareholders will benefit from being a part of going forward.”
“Tor Olav Trøim and his teams have been pioneers in the global shipping and energy industries,” continued Edens. “The addition of this great portfolio of assets enhances our fully integrated approach and we’re excited for them to become part of NFE. This is a great step towards our goal of finishing this year with fifteen to twenty terminals that bring more clean and affordable energy to growing markets around the world.”
With the acquisition of Hygo, NFE will acquire an operating floating storage and regasification unit (FSRU) terminal and a 50% interest in a 1500MW power plant in Sergipe, Brazil as well as two other FSRU terminals with 1200MW of power in advanced stages in Brazil. Hygo’s fleet consists of a newbuild FSRU and two operating LNG carriers.
NFE will also acquire a leading owner of FSRUs and LNG carriers as well as a pioneer in floating liquefaction technologies with the GMLP transaction. The addition of GMLP’s fleet of six FSRUs, four LNG carriers and a 50% interest in Trains 1 and 2 of the Hilli, a floating liquefaction vessel, is expected to support both NFE’s existing facilities and international project pipeline.
Acquisition of Hygo Energy Transition Ltd.
Under NFE’s agreement with Hygo (the “Hygo Agreement”), NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transaction is valued at a $3.1 billion enterprise value and a $2.18 billion equity value. Pursuant to the transaction, GLNG will receive 18.6 million shares of NFE Class A common stock and $50 million in cash and Stonepeak will receive 12.7 million shares of NFE Class A common stock and $530 million in cash. Hygo’s Board of Directors, together with GLNG and Stonepeak, the shareholders of Hygo, have unanimously approved the proposed transaction with NFE. The closing of the transaction is subject to the receipt of certain regulatory approvals and third party consents and other customary closing conditions, and is expected to occur in the first half of 2021.
Acquisition of Golar LNG Partners, LP
Under NFE’s agreement with GMLP (the “GMLP Agreement”), NFE has agreed to acquire all of the outstanding common units of GMLP for $3.55 per common unit in cash. NFE has also agreed to acquire GMLP’s general partner for equivalent consideration based on the general partner’s economic interest in GMLP. The preferred units of GMLP will remain outstanding. The transaction is valued at a $1.9 billion enterprise value and $251 million common equity value. GMLP’s Board of Directors, acting upon the recommendation of a special committee of independent directors of GMLP, unanimously approved the proposed transaction with NFE. The closing of the transaction is subject to the approval by the holders of a majority of GMLP’s outstanding common units, the receipt of certain regulatory approvals and third party consents and other customary closing conditions, and is expected to occur in the first half of 2021. GLNG has entered into a support agreement with NFE committing to vote its approximately 30.8% interest in GMLP’s common units in favor of the transaction.
Skadden, Arps, Slate, Meagher & Flom LLP, Conyers Dill & Pearman and Watson Farley and Williams are acting as NFE’s legal advisors in the transaction. Goldman Sachs & Co. and Citi are acting as financial advisors to Hygo and Vinson & Elkins LLP is acting as Hygo’s legal advisor. Deutsche Bank Securities Inc. is acting as financial advisor to the special committee of GMLP, Akin Gump Strauss Hauer & Feld LLP is acting as the special committee’s legal advisor, and Baker Botts L.L.P. is acting as GMLP’s legal advisor. Simpson, Thacher, & Bartlett LLP are acting as legal advisors to Stonepeak.
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 developments; (iv) shutdowns or interruptions at 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 the acquired assets and operations with its existing assets and operations and to realize anticipated cost savings and other efficiencies and benefits; (viii) the risk that the proposed transactions with each of Hygo and GMLP may not be completed in a timely manner or at all; (ix) GMLP’s ability to receive, on a timely basis or otherwise, the required approval of the proposed GMLP Transaction with NFE by GMLP’s common unitholders; (x) the possibility that competing offers or acquisition proposals for GMLP will be made; (xi) the possibility that any or all of the various conditions to the consummation of the Hygo Transaction or the GMLP Transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (xii) the effect of the announcement or pendency of the transactions contemplated by each of the Hygo Agreement and GMLP Agreement on NFE’s, Hygo’s and GMLP’s ability to retain and hire key personnel, their ability to maintain relationships with their respective customers, suppliers and others with whom they do business, and their operating results and business generally; (xiii) the possibility that long-term financing for the proposed transactions may not be available on favorable terms, or at all; and (xiv) 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, 2019 (as filed with the SEC on March 4, 2020) 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, achievements and the completion of each of the GMLP Transaction and the Hygo Transaction.
IR:
Joshua Kane
(516) 268-7455
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.
OSAKA, Japan--(BUSINESS WIRE)--NIPPON SHOKUBAI CO., LTD. (TOKYO:4114) (https://www.shokubai.co.jp/en/) has decided to begin facility design of new electrolytes "IONEL® - Lithium bis(fluorosulfonyl) imide [LiFSI]" for lithium-ion batteries by setting up the "IONEL Construction Team" on October 1, 2020 in order to construct new manufacturing facilities (annual production capacity: 2,000 tons; location: Ichikawa, Chiba) using its own process. The decision is made because current production capacity, the annual production capacity of 300 ton, is insufficient for the increasing demand. Commercial production by the new facility will start from spring 2023.
IONEL has an excellent effect in improving the life, the charge/discharge rate performance, and the durability at low/high temperatures for the batteries. With this excellent effect, Our Product has been enjoying high reputation in the industries.
To meet our customers’ demand, in addition to efforts to improve the performance of Our Product, we have been making efforts to protect Our Product by means of applying for and securing a number of patents, including 44 patents listed below.
We respectfully request all persons who look at this notice to pay utmost attention not to infringe our patents in purchasing, selling or using products which make use of our patents of other companies that are unrelated to NIPPON SHOKUBAI.
We are dedicated to continue to make efforts for further improvement and development of Our Product with better technologies. We would sincerely appreciate your continued patronage for Our Product.
Patent No. |
||
KR1345271 |
FLUOROSULFONYL IMIDE SALT AND METHOD FOR PRODUCING FLUOROSULFONYL IMIDE SALT |
|
KR1361701 |
ALKALI METAL SALT OF FLUOROSULFONYL IMIDE, AND PRODUCTION METHOD THEREFOR |
|
KR2141903 |
ELECTROLYTE SOLUTION AND LITHIUM ION SECONDARY BATTERY PROVIDED WITH SAME |
|
NIPPON SHOKUBAI Announcement
https://korean.shokubai.co.jp/news/
NIPPON SHOKUBAI CO., LTD.
Nippon Shokubai Korea Co., Ltd.
Joon-Hyung Park
TEL: 82-2-704-9113
12F Dowon Bldg.,34, Mapo-daero, Mapo-gu, Seoul, 04174, Korea
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has signed a Memorandum of Understanding (“MOU”) with Petrobras Distribuidora S.A. (“BR”) and CCETC Brasil Holding Ltda. (“CCETC”) to acquire 288MW of 15-year power purchase agreements (“PPAs”) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in Brazil.
“The Suape Port provides an ideal location for NFE to bring clean and affordable energy to a rapidly growing region of Brazil,” said Wes Edens, Chairman and CEO of New Fortress Energy. “Our LNG terminal and gas-fired power plant will advance the clean energy transition in the state of Pernambuco and the wider Northeast region of Brazil. Coupled with our acquisition of Hygo, this provides us a significant portfolio of power and gas assets and a leadership position in Brazil’s large and growing market.”
Under the MOU, BR and CCETC intend to sell to NFE 100% of their respective ownership in power generation companies Pecém Energia S.A. and Energética Camaçari Muricy II S.A., which hold PPAs totaling 288MW. Execution of a definitive sale and purchase agreement is expected to occur in January, subject to final approval from the BR Board of Directors.
NFE has also entered into a definitive agreement to acquire CH4 Energia Ltda., which owns key permits and authorizations to develop an LNG terminal and up to 1.37GW of gas-fired power at the Suape Port in the city of Ipojuca, State of Pernambuco, Brazil.
NFE plans to satisfy the obligations of the PPAs by moving the site and constructing a 288MW gas-fired power plant and LNG import terminal at the Suape Port, following necessary approvals from the Agência Nacional de Energia Elétrica (“ANEEL”) and other relevant regulatory authorities in Brazil. NFE expects to provide LNG and natural gas to major energy consumers within the port complex and across the greater Northeast region of Brazil.
The terminal and power plant in the Suape Port are anticipated to begin commercial operations by the end of 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
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Jake Suski
(516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.
OSAKA, Japan--(BUSINESS WIRE)--NIPPON SHOKUBAI CO., LTD. (TOKYO:4114) (https://www.shokubai.co.jp/en/) has decided to begin facility design of new electrolytes "IONELTM - Lithium bis(fluorosulfonyl) imide [LiFSI]" for lithium-ion batteries by setting up the "IONEL Construction Team" on October 1, 2020 in order to construct new manufacturing facilities (annual production capacity: 2,000 tons; location: Ichikawa, Chiba) using its own process. The decision is made because current production capacity, the annual production capacity of 300 ton, is insufficient for the increasing demand. Commercial production by the new facility will start from spring 2023.
IONEL has an excellent effect in improving the life, the charge/discharge rate performance, and the durability at low/high temperatures for the batteries. With this excellent effect, Our Product has been enjoying high reputation in the industries.
To meet our customers’ demand, in addition to efforts to improve the performance of Our Product, we have been making efforts to protect Our Product by means of applying for and securing a number of patents, including 44 patents listed below.
We respectfully request all persons who look at this notice to pay utmost attention not to infringe our patents in purchasing, selling or using products which make use of our patents of other companies that are unrelated to NIPPON SHOKUBAI.
We are dedicated to continue to make efforts for further improvement and development of Our Product with better technologies. We would sincerely appreciate your continued patronage for Our Product.
Patent No. |
||
US9079780 |
(Alkali Metal Salt of Fluorosulfonyl Imide, and Production Method Thereof) |
|
US9586833 |
(Alkali Metal Salt of Fluorosulfonyl Imide, and Production Method Thereof) |
|
US9985317 |
(Alkali Metal Salt of Fluorosulfonyl Imide, and Production Method Thereof) |
|
NIPPON SHOKUBAI Announcement
https://www.shokubai.co.jp/en/news/news0256.html
New Energy Materials Sales ＆ Marketing Dept.
Energy ＆ Electronics Solutions Div.
NIPPON SHOKUBAI CO., LTD.
Keiichiro Mizuta
TEL: +81-6-6223-9197
Kogin Bldg., 4-1-1 Koraibashi, Chuo-ku, Osaka 541-0043
This email address is being protected from spambots. You need JavaScript enabled to view it.
SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $600 million in aggregate principal amount of senior unsecured notes due 2026 (the “Notes”). The Notes will be guaranteed by all of the Company’s existing subsidiaries that guarantee its revolving credit facility and certain future subsidiaries. The Company intends to use the net proceeds from this offering to repay in full its second lien term loan and repay all outstanding senior secured notes due 2027 previously issued by its wholly-owned subsidiary that indirectly owns all of the assets associated with its Elk Hills power plant and gas processing facilities, with the remainder to be used to repay a portion of the outstanding borrowings under its revolving credit facility.
The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor shall there be any offer, solicitation or sale of Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statement Disclosure
All statements, except for statements of historical fact, made in this release regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, such as statements regarding the proposed offering and the intended use of proceeds, are 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 forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, the Company expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.
The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties incident to the Company’s business, most of which are difficult to predict and many of which are beyond the Company’s control. These risks include, but are not limited to, the risks described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and its subsequently filed Quarterly Reports on Form 10-Q.
About California Resources Corporation
California Resources Corporation is the largest oil and natural gas exploration and production company in California. The Company operates its world-class resource base exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, the Company focuses on safely and responsibly supplying affordable energy for California by Californians.
CRC Contacts:
Scott Espenshade (Investor Relations)
(818) 661-6010
This email address is being protected from spambots. You need JavaScript enabled to view it.
Margita Thompson (Media)
(818) 661-6005
This email address is being protected from spambots. You need JavaScript enabled to view it.
OSAKA, Japan--(BUSINESS WIRE)--NIPPON SHOKUBAI CO., LTD. (TOKYO:4114) (https://www.shokubai.co.jp/en/) has decided to begin facility design of new electrolytes "IONELTM - Lithium bis(fluorosulfonyl) imide [LiFSI]" for lithium-ion batteries by setting up the "IONEL Construction Team" on October 1, 2020 in order to construct new manufacturing facilities (annual production capacity: 2,000 tons; location: Ichikawa, Chiba) using its own process. The decision is made because current production capacity, the annual production capacity of 300 ton, is insufficient for the increasing demand. Commercial production by the new facility will start from spring 2023.
IONEL has an excellent effect in improving the life, the charge/discharge rate performance, and the durability at low/high temperatures for the batteries. With this excellent effect, Our Product has been enjoying high reputation in the industries.
To meet our customers’ demand, in addition to efforts to improve the performance of Our Product, we have been making efforts to protect Our Product by means of applying for and securing a number of patents, including 44 patents listed below.
We respectfully request all persons who look at this notice to pay utmost attention not to infringe our patents in purchasing, selling or using products which make use of our patents of other companies that are unrelated to NIPPON SHOKUBAI.
We are dedicated to continue to make efforts for further improvement and development of Our Product with better technologies. We would sincerely appreciate your continued patronage for Our Product.
Patent No. |
||
EP 2 257 495 B1 |
SULFONYLlMIDE SALT AND METHOD FOR PRODUCING THE SAME currently in force in CH, FR. |
|
EP 2 578 533 B1 |
ALKALI METAL SALT OF FLUOROSULFONYL IMIDE, AND PRODUCTION METHOD THEREFOR currently in force in CZ, DE, FR, HU, PL, SE |
|
NIPPON SHOKUBAI Announcement
https://www.shokubai.co.jp/en/news/news0256.html
New Energy Materials Sales ＆ Marketing Dept.
Energy ＆ Electronics Solutions Div.
NIPPON SHOKUBAI CO., LTD.
Keiichiro Mizuta
TEL: +81-6-6223-9197
Kogin Bldg., 4-1-1 Koraibashi, Chuo-ku, Osaka 541-0043
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Offshore Wind Market (Equipment, Installation & Turbine Services): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.
The global offshore wind market is expected to record a value of US$51.75 billion in 2024, increasing at a CAGR of 14.21%, for the duration spanning 2020-2024.
The factors such as rising penetration of offshore wind power, growing electricity demand, improvement in capacity factor, rising renewable energy consumption and an escalating number of offshore wind farms would drive the growth of the market. However, the market growth would be challenged by foundations and transition piece challenges, development hurdles and environmental issues. A few notable trends may include decline in installation cost, increasing R&D spending on energy sector and the evolution of offshore wind turbines.
The global offshore wind sector has been very lucrative over the past few years due to the consistent upgradation in the cutting-edge offshore wind farm technology. Companies in the energy sector are investing considerable funds in comprehensive offshore wind services to keep turbines running smoothly. In addition, certain government policies and initiatives towards implementing the clean energy plans are encouraging the use of a considerable portion of wind energy, particularly offshore, for electricity generation, which is driving the market growth of offshore wind globally.
The fastest-growing regional market was Europe due to the strong competition among the major players. There has been an increased number of multi contracts between offshore wind companies, over the past few years, which led to the growth of the market. Further, the COVID-19 outbreak caused country shutdowns, suspension of industrial activities as well as economic disruption, impacting the demand for electricity, which might cause a downfall in the global offshore wind market during the initial phase of the forecasted period.
Scope of the report:
Key Target Audience:
Key Topics Covered:
1. Market Overview
1.1 An Introduction
1.2 Difference Between Offshore and Onshore Wind Power
1.3 Mechanism of Offshore Wind Farms
1.4 Advantages of Offshore Wind Power
1.5 Offshore Wind Service Value Chain
2. Impact of COVID-19
2.1 Decline in Electricity Consumption
2.2 Decline in the International Trade
2.3 Impact on Energy Sector Investments
3. Global Market Analysis
3.1 Global Offshore Wind Market by Value
3.2 Global Offshore Wind Market Forecast by Value
3.3 Global Offshore Wind Market by End-Industries
3.3.1 Global Offshore Wind Equipment Market by Value
3.3.2 Global Offshore Wind Equipment Market Forecast by Value
3.3.3 Global Offshore Wind Installation Market by Value
3.3.4 Global Offshore Wind Installation Market Forecast by Value
3.3.5 Global Offshore Wind Turbine Services Market by Value
3.3.6 Global Offshore Wind Turbine Services Market Forecast by Value
3.4 Global Offshore Wind Installed Capacity
3.5 Global Offshore Wind Installed Capacity Forecast
3.6 Global Offshore Wind Installed Capacity by Regions
4. Regional Market Analysis
4.1 Europe
4.2 Asia Pacific
4.3 The U.S.
4.4 ROW
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Penetration of Offshore Wind Power
5.1.2 Growing Electricity Demand
5.1.3 Improvement in Capacity Factor
5.1.4 Rising Renewable Energy Consumption
5.1.5 Escalating Numbers of Offshore Wind Farms
5.2 Key Trends and Developments
5.2.1 Decline in Installation Cost
5.2.2 Increasing R&D Spending in Energy Sector
5.2.3 Evolutions of Offshore Wind Turbines
5.3 Challenges
5.3.1 Foundations and Transition Piece Challenges
5.3.2 Developmental Hurdles
5.3.3 Environmental Issues
6. Competitive Landscape
6.1 Global Market
6.1.1 Key Players - Revenue Comparison
6.1.2 Key Players - Market Cap Comparison
6.1.3 Key Players - R&D Expenditure Comparison
7. Company Profiles
7.1 Business Overview
7.2 Financial Overview
7.3 Business Strategies
For more information about this report visit https://www.researchandmarkets.com/r/6y5wmy
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HWASEONG, South Korea--(BUSINESS WIRE)--#CarbonPurification--ThermVac Inc., Korea's specialty manufacturer for vacuum furnaces, said that the carbon purification vacuum furnace which has been installed in the Pohang plant of Ibiden Graphite Korea, a Korean unit of Japan's Ibiden Co., Ltd., is currently working successfully.
With a loading capacity of 2,000 kg (work zone: 4.5m3, 1500W*1500H*2000D mm), this equipment is a super-large furnace purifying the carbon products to be used in semiconductor, photovoltaic and fiber optics industries. At the maximum temperature of 2400ºC, chlorine gas is flowed into the retort muffle inside the hot zone and the metal impurities contained in the carbon product are converted into chlorides and then exhausted, thereby reducing the content of impurities to 5 ppm or less.
An official of Ibiden said, "Unlike other Japanese furnaces, the purification furnace of ThermVac 1) can maintain the pressure difference between the inside and the outside of the retort muffle at an optimal level, discharge all the chloride to the furnace outside and thereby keep the interior of the vacuum furnace very clean. 2) The opening and closing device of the retort muffle door is so convenient that one worker can do sample loading/unloading work, which was previously done by two or more people. 3) Since the structure of the hot zone including the heater and the electrode is easy to disassemble and assemble, the repair work of the hot zone that took at least 2 days can be performed within 4 to 5 hours. 4) The process cycle has been shortened by more than 10 hours through the forced cooling of the hot zone by nitrogen circulation."
After securing elemental technology through the localization of carbon purification furnace for two years, which has been supported by the Korean government's technology development project, ThermVac has continuously researched the carbon purifying process with in-house equipment, accumulating process technology and building equipment application capabilities. Based on this effort, it now becomes possible to overcome the limitations of the narrow domestic market and boldly challenge the large markets of materials and parts such as Japan and China.
Recently, ThermVac has developed and completed a two-chamber type carbon purification furnace with a structure that separates the heating chamber and the cooling chamber and is now verifying its durability. By shortening the cycle of the carbon purification process that takes more than 30 hours to 6 to 9 hours, through commercialization of the two-chamber model, ThermVac intends to contribute to the expansion of the global market for high-purity carbon, which is explosively increasing in demand for secondary batteries, semiconductors and photovoltaic applications.
ThermVac
In-Seok Choi
+ 82-31-351-4490
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that its CFO Robert Tabb and VP of Investor Relations Francis Okoniewski, will present at NobleCon17, Noble Capital Markets’ Seventeenth Annual Investor Conference, on Tuesday, January 19, 2021 at 12:00 pm EST. The conference is virtual, with no cost, obligation or restrictions to attend: www.noblecon17.com.
To schedule a one-on-one meeting with Orion’s management, please contact your Noble institutional sales representative or Fred Buonocore at This email address is being protected from spambots. You need JavaScript enabled to view it..
A video webcast of the presentation will be available on Wednesday, January 20, 2021 in the Investors section of the Company's website, www.oriongroupholdingsinc.com, under Events on the investor relations page.
About Orion Group Holdings
Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
About Noble Capital Markets, Inc.
Noble Capital Markets (“Noble”) is a research driven boutique investment bank that has supported small & microcap companies since 1984. As a FINRA and SEC licensed and registered broker-dealer Noble provides institutional-quality equity research, merchant and investment banking, wealth management and order execution services. In 2005, Noble established NobleCon, an investor conference that has grown substantially over the last decade+. In 2018 Noble launched www.channelchek.com – an investment community dedicated exclusively to small and micro-cap companies and their industries. Channelchek is tailored to meet the needs of self-directed investors and financial professionals and is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 6,000 emerging growth companies are listed on the site, with growing content including webcasts, industry sector reports, advanced market data and balanced news.
Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.oriongroupholdingsinc.com
Robert Tabb, Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com
ESPOO, Finland--(BUSINESS WIRE)--Sumitomo SHI FW (SFW) and WOIMA Finland Oy (WOIMA) have signed an agreement to deliver the modular wasteWOIMA® waste-to-energy plants. SFW becomes a strategic investor in WOIMA, combining SFW’s renowned expertise in power technology, project execution and global reach with WOIMA’s innovative plant design.
The wasteWOIMA® plant is a unique solution for environmental issues of landfilling and growing municipal waste. It fits small and medium-size cities with local waste management and energy generation.
The plant utilizes robust grate combustion technology to safely treat a wide range of solid wastes, complying with the most stringent environmental standards. It serves a waste collection area of 100,000-500,000 people and converts from 30,000 up to 200,000 tons of non-recyclable waste annually into renewable electricity and heating or cooling.
The concept is scalable and allows for fast deployment: it has 1-4 combustion lines and is based on container-size modules. These workshop-fabricated and pre-assembled modules guarantee a high-quality, cost-effective solution with simple delivery and fast construction. Advanced plant automation and standardized maintenance ensure high plant reliability and reduced operating costs.
Tomas Harju-Jeanty, CEO, SFW: “WOIMA provides a solution to tackle the world’s growing waste challenge on a local level. WOIMA’s innovative solutions will become part of our core technology portfolio, and give us a wider ability to serve our existing and new customers as they seek to manage their waste and move away from fossil fuels.”
Henri Kinnunen, CEO, WOIMA Corporation: “Municipal solid waste is an abundant and under-utilized resource everywhere, and we provide a robust solution to manage it. SFW’s global presence and strong track record in the energy sector strengthens our capability to deliver wasteWOIMA® plants worldwide.”
About SFW
SFW is a provider of power, energy storage and environmental technologies and services for the global energy industry. We strive to provide sustainable energy solutions for a wide portfolio of customer needs in power generation, energy storage, and digital services. www.shi-fw.com
About WOIMA
WOIMA develops innovative modular, standardized solutions that enable the utilization of waste streams to their fullest potential, either as raw material or as energy. www.woimacorporation.com
SFW
Frank Ligthart
+358 40 5619612
This email address is being protected from spambots. You need JavaScript enabled to view it.
WOIMA
Henri Kinnunen
+358 40 835 8974
This email address is being protected from spambots. You need JavaScript enabled to view it.
Terminal Enhances TOS Management and Operations with Added Cloud-Based Service from Navis
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced today that Régie du Terminal à Conteneurs (RTC) Douala went live with Navis 360 Managed Services in the cloud to help make the most out of its N4 investment. The terminal added 360 Managed Services to enhance its terminal operations, optimize operations and management on N4, and remain competitive in the industry.
RTC, formally Douala Container Terminal, within the main port in Cameroon, is located on the estuary of the Wouri River and accounts for the majority of Cameroonian port traffic. Operating at 380,000 TEU annually, RTC is one of the best-equipped ports in Central Africa and upgraded to Navis N4 TOS earlier this year to enhance its offerings with a more modern system. In six weeks, the terminal was running on N4 and opted to add Navis 360 Managed Services in the cloud to better manage the TOS and get the most impact and ROI, without the additional IT investment to manage the system.
"Given the tight timeline of this project, when we met with the Navis team we knew we would need the Navis TOS available in the cloud along with the Testing, Training and Production features that Navis Managed Services offered to get the most out of our N4 TOS,’ said Patrick Guy Abodioh, Deputy CIO of PAD, the owner of RTC. “We have optimized our operations and service by using 360 Managed Services in the cloud and look forward to the additional benefits and savings that we will unlock from using the system in the coming years.”
“Navis 360 Managed Services helps our customers navigate the technical aspects of the TOS so they can focus on the daily operations and provide the best services to their customers,” said Jacques Marchetti, General Manager of EMEA at Navis. “We look forward to helping RTC perform at its best by ensuring the TOS is running at its peak, allowing them to remain competitive and reach their business goals.”
For more information visit www.navis.com and to learn more about Navis 360 Managed Services, visit https://www.navis.com/en/services-support/n4-services/360-managed-services/.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimize global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totaled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
This email address is being protected from spambots. You need JavaScript enabled to view it.
Geena Pickering
Affect
T+1 212 398 9680
This email address is being protected from spambots. You need JavaScript enabled to view it.
AKRON, Ohio--(BUSINESS WIRE)--#coolingtowers--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design, supply and install a SPIG S.p.A. air-cooled condenser for a waste-to-energy plant in the United Kingdom. The contract is valued at more than $8 million.
The SPIG cooling system features advanced technology for increased efficiency and reduced emissions and is ideally suited for renewable energy applications.
“The continued expansion of the circular economy and demand for waste recycling and sustainable treatment in the U.K. is significant,” said Jimmy Morgan, B&W Chief Operating Officer. “As we focus on growing B&W Environmental’s business in the U.K. and across Europe, we see substantial opportunities to provide advanced cooling solutions to customers in waste-to-energy, renewable energy and other markets.”
SPIG Managing Director Alberto Galantini noted that cooling solutions can be tailored to customers’ needs.
“SPIG cooling technologies, including high-efficiency air-cooled condensers, can be engineered for the unique demands of renewable energy applications, including waste-to-energy,” Galantini said. “We are excited to be a part of this key infrastructure project.”
SPIG’s experience includes wet, dry and wet/dry hybrid cooling solutions as dictated by site-specific requirements. The company supplies mechanical and natural draft systems and designs for a wide range of project specifications such as high seismic loads, vibration control, corrosion, noise control, sub-freezing operation, and seawater use.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Environmental
Babcock & Wilcox Environmental offers a full suite of best-in-class emissions control products and solutions for utility and industrial steam generation applications around the world. The segment’s broad experience includes systems for ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control, along with cooling solutions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to design, supply and install a SPIG S.p.A. air-cooled condenser for a waste-to-energy plant in the United Kingdom. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Thin Film Materials - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 292-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Thin Film Materials Market to Reach $19.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Thin Film Materials, estimated at US$11 Billion in the year 2020, is projected to reach a revised size of US$19.5 Billion by 2027, growing at a CAGR of 8.6% over the analysis period 2020-2027.
CdTe, one of the segments analyzed in the report, is projected to record a 9.9% CAGR and reach US$7.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the CIGS segment is readjusted to a revised 9.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 11.7% CAGR
The Thin Film Materials market in the U.S. is estimated at US$3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR.
a-Si Segment to Record 8.1% CAGR
In the global a-Si segment, USA, Canada, Japan, China and Europe will drive the 7.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2027, while Latin America will expand at a 9.5% CAGR through the analysis period.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hml2l2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.