SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on April 26, 2022 at 10:00 a.m. ET to discuss first quarter 2022 earnings results, which will be released earlier that day, and provide an update on company operations.
Persons interested in listening to the conference call may join the webcast on Valero’s Investor Relations website at www.investorvalero.com.
About Valero
We are an international manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and we sell our products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland, and Latin America. We own 15 petroleum refineries located in the U.S., Canada, and the U.K. with a combined throughput capacity of approximately 3.2 million barrels per day (BPD). We are a joint venture member in Diamond Green Diesel Holdings LLC (DGD), which owns a renewable diesel plant in Norco, Louisiana with a production capacity of 700 million gallons per year, and we own 12 ethanol plants located in the Mid-Continent region of the U.S. with a combined production capacity of approximately 1.6 billion gallons per year. We manage our operations through our Refining, Renewable Diesel, and Ethanol segments. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
- CSI Shareholders Will Receive Value from BOTH Legacy CSI Business AND Future Pineapple Business
- Very Close Vote and Every Share is Critical to Approval
- CSI Urges Shareholders to Vote
MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (Nasdaq: JCS) (“CSI” or the “Company”) today reiterates the value to CSI shareholders from the merger transaction with Pineapple Energy LLC (“Pineapple”) and urges CSI shareholders to vote “FOR” Proposal #1, the proposal to approve the merger transaction with Pineapple, at the special meeting of shareholders that will be held on Wednesday, March 23, 2022 at 1:00 p.m. Central Time.
Almost 64% of the CSI total outstanding shares have already voted in favor of Proposal #1. To be approved, Proposal #1 requires the affirmative vote of at least two-thirds (66.67%) of CSI total outstanding shares.
Roger Lacey, Executive Chair and Interim Chief Executive Officer of CSI, commented, “Many CSI shareholders have already voted ‘FOR’ Proposal #1 because they understand the Pineapple merger transaction is an opportunity for the CSI shareholders to receive value from both the legacy CSI business and from the future Pineapple business. The ‘both/and’ nature of this transaction is one of the reasons the CSI board of directors unanimously approved the Pineapple merger transaction over an alternative ‘either/or’ transaction – that is, a transaction in which CSI shareholders would receive value either from the legacy CSI business or a future business, but not both. In particular, the CSI board of directors believes that the Pineapple merger transaction is a better strategic alternative for CSI shareholders than a liquidation, which is an ‘either/or’ transaction that would deliver value to the CSI shareholders only from the legacy CSI business.”
“With less than two business days before the special meeting, Proposal #1 is very close to being approved and every vote will make a difference no matter how many shares you own. To the CSI shareholders that have not voted yet, we urge you to stand with your fellow CSI shareholders and safeguard your investment in the CSI common stock by voting ‘FOR’ Proposal #1. Please take a moment to vote your shares now,” concluded Mr. Lacey.
The CSI board of directors unanimously recommends that CSI shareholders vote “FOR” the Proposal #1.
The adjourned special meeting will continue to be held online at www.virtualshareholdermeeting.com/JCS2022SM. Also, the record date for determining CSI shareholders eligible to vote at the special meeting will remain the close of business on January 27, 2022.
How To Vote
Please use the voting control number that accompanied your proxy materials and vote your shares today. To have your shares represented at the special meeting as soon as possible, please utilize one of the following methods below:
For additional questions or if you need assistance with voting, please call our solicitor Proxy Advisory Group, LLC at: (833) 782-7141.
About Communications Systems, Inc.
Communications Systems, Inc. (Nasdaq: JCS), has operated as an IoT intelligent edge products and services company. For more information regarding CSI, please see www.commsystems.com.
Additional Information and Where to Find It; Participants in the Solicitation
In connection with the proposed merger with Pineapple, Communications Systems, Inc. (“CSI”) filed a registration statement on Form S-4 (File No. 333-260999) with the Securities and Exchange Commission (SEC) on November 12, 2021 (as amended, the “Registration Statement”). The Registration Statement includes a proxy statement/prospectus, and was declared effective by the SEC on February 3, 2022. Beginning February 4, 2022, a copy of the proxy statement/prospectus dated February 3, 2022 was sent to CSI shareholders as of the close of business on January 27, 2022, the record date established for the special meeting.
CSI URGES INVESTORS, SHAREHOLDERS AND OTHER INTERESTED PERSONS TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE MERGER BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION.
The Registration Statement, preliminary and definitive proxy statement/prospectus, any other relevant documents, and all other documents and reports CSI filed with or furnishes to the SEC are (or, when filed, will be) available free of charge under the "Financial Reports" tab of the Investors Relations section of our website at www.commsystems.com or by directing a request to: Communications Systems, Inc., 10900 Red Circle Drive, Minnetonka, MN 55343. The contents of the CSI website is not deemed to be incorporated by reference into this press release, the Registration Statement, or the proxy statement/prospectus. The documents and reports that CSI files with or furnishes to the SEC are (or, when filed, will be) available free of charge through the website maintained by the SEC at http://www.sec.gov.
CSI and its directors and executive officers may be considered participants in the solicitation of proxies by CSI in connection with approval of the proposed merger and other proposals to be presented at the special meeting. Information regarding the names of these persons and their respective interests in the transaction, by securities holdings or otherwise, are set forth in the proxy statement/prospectus dated February 3, 2022. To the extent the Company's directors and executive officers or their holdings of the Company's securities have changed from the amounts disclosed in such filing, to the Company's knowledge, these changes have been reflected on statements of change in ownership on Form 4 on file with the SEC. You may obtain these documents (when they become available, as applicable) free of charge through the sources indicated above.
Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth, and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. There can be no guarantee that the proposed transactions described in this press release will be completed, or that they will be completed as currently proposed, or at any particular time. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business.
These risks, uncertainties and contingencies are presented in the Company’s Annual Report on Form 10-K and, from time to time, in the Company’s other filings with the Securities and Exchange Commission. The information set forth herein should be read considering such risks. Further, investors should keep in mind that the Company’s financial results in any period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether because of new information, future events, changes in assumptions or otherwise. In addition to these factors, there are several additional factors, including:
- the conditions to the closing of CSI-Pineapple merger transaction may not be satisfied;
- the occurrence of any other risks to consummation of the CSI-Pineapple merger transaction, including the risk that the CSI-Pineapple merger transaction will not be consummated within the expected time period or any event, change or other circumstances that could give rise to the termination of the CSI-Pineapple merger transaction;
- the CSI-Pineapple merger transaction has involved greater than expected costs and delays and may in the future involve unexpected costs, liabilities or delays;
- the Company’s ability to sell its other legacy operating business assets and its real estate assets at attractive values;
- there is no assurance that CSI will receive any of the maximum $7.0 million earnout relating to the August 2, 2021 sale of CSI’s Electronics & Software Segment;
- the combined company will be entitled to retain ten percent of the net proceeds of CSI legacy assets that are sold pursuant to agreements entered into after the effective date of the merger;
- risks that the merger will disrupt current CSI plans and operations or that the business or stock price of CSI may suffer as a result of uncertainty surrounding the CSI-Pineapple merger transaction;
- the outcome of any legal proceedings related to the CSI-Pineapple merger transaction;
- the fact that CSI cannot yet determine the exact amount and timing of any additional pre-CSI-Pineapple merger cash dividends, if any, or the ultimate value of the Contingent Value Rights that CSI intends to distribute to its shareholders immediately prior to the closing of the CSI-Pineapple merger transaction; and
- the anticipated benefits of the proposed merger transaction with Pineapple may not be realized in the expected timeframe, or at all.
For Communications Systems, Inc.
Roger H. D. Lacey
Executive Chair and Interim Chief Executive Officer
+1 (952) 996-1674
Mark D. Fandrich
Chief Financial Officer
+1 (952) 582-6416
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The Equity Group Inc.
Lena Cati
Senior Vice President
+1 (212) 836-9611
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TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart building technology, today announced that management will present at the Maxim Group 2022 Virtual Growth Conference taking place on Monday, March 28th through Wednesday, March 30th, 2022.
Paul Ghezzi, CEO of Kontrol Technologies, is scheduled to present as follows:
Maxim Group 2022 Virtual Growth Conference
Date: Monday, March 28th, 2022
Time: 9:00 a.m. ET
Registration: Virtual Presentation
The presentation will be available on M-Vest using the link above through 5:30 p.m. ET on Wednesday, March 30th. Registration is required for conference participation. Please follow the link above or reach out to your Maxim Group representative for more information.
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company's product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Kontrol Technologies Corp.
Paul Ghezzi
CEO
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180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
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Tel: +1 (949) 546.6326
SAN DIEGO--(BUSINESS WIRE)--$DFCO #BillProbst--Augmenting executive leadership teams to facilitate global sustainability and ESG (Environmental, Social, and Governance) are key topics within every company. Accordingly, Dalrada Corporation (OTCQB: DFCO, "Dalrada") announces William "Bill" Probst as Vice President of Energy Management of Dalrada Energy Services.
Dalrada's Chairman and CEO, Brian Bonar, states, "Dalrada welcomes Mr. Probst, who holds more than 25 years of dedicated experience in the Energy Services Company (ESCO) industry. His intellectual property and vast network of resources significantly optimizes energy use cases. Dalrada Energy Services' clients will gain a tremendous positive advantage while achieving their clean energy sustainability goals and actualizing associated cost savings."
The former Principal of Energi Pros, LLC, Mr. Probst's background shows specialized experience in energy efficiency, water conservation, and renewable energy applications. His expertise in conducting "green" energy audits and tax benefit assessments determines new construction and retrofit cost savings with commercial and residential buildings. In certain instances, efficiency improvements by Mr. Probst have resulted in up to 80% cost savings across wind, solar, electric, gas, and water utilities.
Tom Giles, Dalrada Energy Services’ President, states, "Mr. Probst has been helping companies with ESG before ESG was part of any discussion. We are excited to add Bill and his experience to our team, leading Dalrada into the next wave of ESG. We now have ways to place all that information at our customers' fingertips, allowing them to do things they could not do less than a year ago – such as trading carbon credits and real-time energy use monitoring."
Dalrada Energy Services' comprehensive commercial solutions reveal unmet energy savings for clients while reducing the environmental impact of harmful carbon and greenhouse gas emissions. Green energy audits led by Mr. Probst include LED lighting, HVAC, chillers, air handling, power factor/peak demand reduction, motor and phase controllers, capacitor banks, and more. Additionally, these efforts have resulted in substantial tax savings for affordable housing geothermal tax incentive projects, particularly in the government sector.
Dalrada Energy Services leads with disruptive advanced technology solutions, including Likido®, Dalrada's clean energy subsidiary, to reduce time and expense to market for its clients that are implementing long-term clean energy and sustainability initiatives.
Dalrada continuously creates innovative, impactful solutions to address the complex challenges of today and the future. More information about Dalrada Energy Services will be available soon at www.DalradaEnergy.com. To learn more about Dalrada Corporation, please visit www.Dalrada.com.
About Dalrada (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada's subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
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FRAMINGHAM, Mass.--(BUSINESS WIRE)--Ameresco, Inc. (NYSE:AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, confirms that its previously announced Investor Day will take place on Wednesday, March 23, 2022 in New York, NY. Senior management will focus their remarks on key growth opportunities highlighting the portfolio of innovative solutions which makes Ameresco a preferred partner for complex and comprehensive advanced energy projects.
Those investors and analysts who cannot attend this live event in-person, can join a simultaneous webcast that will begin at 2:30 p.m. ET on March 23, 2022. To participate, please register at http://ameresco-investorday.convene.com/. An archive will be available at https://ir.ameresco.com/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent clean technology integrator of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.
Media Relations
Leila Dillon, 508.661.2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
Eric Prouty, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
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TULSA, Okla.--(BUSINESS WIRE)--Whiptail Midstream announced today that the company has acquired the oil, gas, and water gathering assets of DJR Energy in the Gallup oil window of the San Juan Basin. As part of the transaction, DJR has agreed to a long-term dedication of its leasehold acreage for oil, natural gas, and water production to Whiptail. The acquisition more than doubles Whiptail’s dedicated acreage, miles of pipeline and production flowing on its assets. The company now has more than 475,000 dedicated acres and nearly 525 miles of pipeline in the San Juan Basin.
Whiptail plans to build out gathering infrastructure for DJR as it develops its acreage. The assets will be designed for multi-well pad development to minimize future surface disturbance. The combined portfolio offers multiple synergies to make the midstream infrastructure in the San Juan as efficient and reliable as possible.
“We are excited to work with DJR in developing the midstream infrastructure that they need to support their activity in the San Juan Basin while also growing our network,” said Whiptail Midstream CEO Josh Lamberton. “DJR is a proven operator with an experienced team and track record of exploring and developing oil and gas positions in the DJ and now the San Juan basins.”
“Whiptail has a substantial infrastructure position in the San Juan, and we look forward to benefiting from their experience, operational efficiency and reliability as the midstream service provider for DJR and our upstream partners moving forward,” said DJR CEO David H. Lehman.
Sidley Austin LLP served as legal counsel to Whiptail. DJR was represented by Latham & Watkins LLP.
About Whiptail Midstream
Based in Tulsa, Oklahoma and with midstream operations in the San Juan Basin in Northwest New Mexico, Whiptail Midstream is an energetic and innovative company with extensive experience throughout the midstream value chain. Whiptail was founded in 2016 by management and I Squared Capital. For more information, please visit www.whiptailmidstream.com.
About DJR Energy, LLC
DJR is an oil and gas exploration and production company formed in April 2017 by Dave Lehman and funded by Trilantic Capital Management L.P. (“Trilantic North America”), Waveland Energy Partners and Global Energy Capital. Since 2002, the DJR Energy management team successfully created and sold two companies in the DJ Basin of Colorado (DJ Resources LP and DJ Resources LLC). With DJR Energy, LLC, this highly talented management team is now successfully developing the San Juan (Mancos) oil window in the San Juan Basin of northern New Mexico. For more information, visit www.djrllc.com.
Bob O’Neal
VP – Commercial and Business Development
Whiptail Midstream
O: (918) 289-2937
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Analysis drills down to the architects behind a new e-mobility era
LONDON--(BUSINESS WIRE)--#electric30--Digital design and engineering consultancy Futurice UK today releases its E30 report, naming the top 30 companies powering up the UK’s e-mobility market this year. From veteran names to new disruptors and ones to watch, the annual shortlist, now in its second year, unpacks the movers and shakers behind the UK’s seismic EV growth.
“With one in four households planning to buy an electric car in the next five years, Britain’s EV scene is changing fast,” says David Mitchell, managing director at Futurice UK. “The E30 report breaks down the trends and ideas commanding attention right now, as innovators rush to keep pace with demand. Rapid-charging hubs, subscription models and emerging fleet tech are just some of the areas where we’re seeing huge momentum ahead of the 2030 diesel and petrol ban.”
The E30 ranks e-mobility companies based in or operating in the UK against three key factors:
● Ambition & potential – level of commitment to an electric future.
● Impact – scale of impact delivered to date.
● Innovation – ability to create new ideas, products and technologies.
Landing pole position on the list is king EV trailblazer Tesla, which – despite ongoing engineering glitches – enjoyed spectacular success in 2021, with its Tesla Model 3 named one of Britain’s best-selling cars, and its new Cybertruck pickup slated to launch by the end of this year.
In second place in the rundown of Futurice E30 contenders is Octopus Energy and its “one-tap access” Electric Juice Network: a new and game-changing unified payment system that brings together different operators across more than 180,000 charging points in over 40 countries. Volkswagen Group, zero emissions operator Arrival – whose electric buses and vans are set to hit the road in Q2 2022 – and OVO Energy complete the E30 top five.
Elsewhere on the list, EV pioneer ABB offers serious clout with the launch last year of Terra 360: a charger capable of delivering a 100km (60 mile) range in just three minutes. Similarly, Zap-Map, a platform that has mapped 95% of public points on the UK’s charging network, is also making waves, as is Onto, the popular Netflix-style subscription service that allows drivers an affordable preview of the EV lifestyle with just one month’s commitment.
It’s not just about existing assets, though: brands with great expectations are also heating up Futurice’s E30 shortlist. With ambitious plans to double its estimated 8,000 UK charging points by the year 2030, bp pulse (previously BP Chargemaster) surfaces as a key one to watch in the report, as does new entrant charging network Gridserve, with a Q2 2022 plan to introduce more than 20 “Electric Hubs” – each featuring 6-12 x 350kW ultra high-power chargers with contactless payment, capable of adding up to 100 miles (160km) of range in less than 10 minutes.
Elsewhere, Pod Point’s decision to float on the London Stock Exchange last year suggests ambitious growth plans for the EV charger brand, valued at £352m, as it expands its footprint in public and workplace charging this year, along with ventures in the b2b space.
Futurice’s e-mobility report first launched last year, as the E25 list. There are nine new entrants in this year’s report: Rolls-Royce Accel (the highest new entrant), Ohme, ev.energy, Bonnet, Gridserve, EO Charging, InstaVolt, Vertical Aerospace and Pod Point. Just five companies – Arrival, LEVC, Zap-Map, ABB and Onto - increased their ranking while 11 companies saw their ranking fall year-on-year - signalling how competitive the e-mobility sector has become. In fact, outside the top eight companies, Futurice’s own internally weighted scoring revealed that the entries were incredibly close.
David Mitchell says: “The future of electric Britain depends on our ability to shape best-in-class infrastructure and data standards to meet a wide range of challenges as we transition to net zero. These challenges include charging speeds, battery disposal, EV in public transport, the intersection between EV and home energy as well as interoperability across networks and platforms.
“The Futurice E30 report takes an inside look at the entrepreneurs seeking to address these issues, both within existing industrial giants and at start-up level. There are a lot of barriers still ahead, but the outlook is really promising. It’s exciting to see these architects of a post-fossil fuel market make their mark.”
To download and read the E30 report, with insight from industry insiders including Aceleron’s Amrit Chandan, Onto’s Rob Jolly and more, follow this link.
ENDS
We’re Futurice. We help forward-thinking organizations take control of their futures.
We bring together strategy, design, engineering and data to produce results. We help clients put data to work, rethink customer experiences, or design entirely new business models. We unleash a culture of innovation and create digital products and services that make companies and societies future capable. We work across industries – from mobility to energy, retail to finance, health and media to construction and much more.
We collaborate closely with our clients – on-site and remotely. Our team comprises over 650 experts, and we have offices in Berlin, Helsinki, London, Munich, Stuttgart, Stockholm and Tampere.
For PR enquiries contact
Poppy Brech
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced it will utilize Context Labs’ Decarbonization as a Service™ (DaaS™) technology solution to support the gathering, marketing and transporting of responsibly sourced gas from well-head to end-user. This clean energy technology provides verified emissions profiles and captures the progress of greenhouse gas (GHG) mitigation across the natural gas value chain, enhancing clean energy supply and delivery for Williams and its customers.
“Williams is extremely well positioned with our large-scale energy infrastructure network and connectivity to customers to drive the next generation of the energy marketplace,” said Chad Zamarin, senior vice president of Corporate Strategic Development for Williams. “Through this partnership, we will facilitate the delivery of responsibly sourced natural gas to help customers achieve their sustainability goals. By leveraging the Context Labs technology, we will enable supply and delivery decisions that connect the cleanest energy sources to meet real-time energy needs across the country.”
This technology solution will enable Williams to offer differentiated services to its customers across the entire natural gas value chain, providing end-to-end measured, verifiable and transparent emissions data for real-time decision-making capabilities. In addition, Williams will gain new insights into day-to-day operations and enable system optimization and emissions efficiencies across the asset base. The first implementation of the technology is underway in the Haynesville region and already is demonstrating the successful integration of Williams’ assets and third-party emissions monitoring data.
“We are thrilled about this partnership, which will provide key enabling technologies to Williams to support its low-carbon energy strategy,” said Dan Harple, founder and CEO of Context Labs, a company formed out of MIT research that provides enterprise grade blockchain-enabled platform solutions. “Our DaaS™ data fabric platform will integrate and connect the Williams ecosystem of supply chain partners, enabling a full end-to-end solution to achieve its market-leading climate commitments.”
Today’s announcement is another step forward in advancing Williams’ clean energy strategy. Williams also recently announced partnerships with Gas Technology Institute, a leading research organization addressing energy challenges through technology solutions, and the Collaboratory for Advancing Methane Science in support of methane measurement technology for GHG mitigation. Williams ranked No. 1 in its peer group in the Dow Jones Sustainability Index for 2021 and was the only U.S. energy company to be included in both their world and North American indices.
In addition to pursuing responsibly sourced natural gas solutions, Williams is developing clean hydrogen, CCUS, solar and renewable natural gas projects as part of its focus on commercializing innovative technologies, markets and business models that support a clean energy economy.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean power generation, heating and industrial use.
About Context Labs
Context Labs provides solutions for customers who demand trusted provenance in their data, tracked veracity through the data’s supply chain of use, and a requirement for trusted insights. It is dedicated to sourcing, organizing, and contextualizing the world’s ESG information, enabling data to become trusted, shared, and utilized as Asset Grade Data to provide insights and solutions through Asset Grade Analytics that informs markets. Context Labs’ mission is to provide the world’s trusted data fabric platform, delivering Asset Grade Data, using its ImmutablyTM Data Fabric platform, deploying machine learning, Artificial Intelligence, and cryptographic blockchain technologies for context-driven insights. The company was formed out of MIT research and is comprised of a leadership team that has been instrumental in the at-scale growth of the Internet, in prior companies.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced in November 2021 that it had received notice from Tullow Oil plc (“Tullow”) and PetroSA that they intend to exercise their pre-emption rights in relation to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos, announced October 13, 2021.
After execution of definitive transaction documentation and receipt of required government approvals, Kosmos and Tullow have now concluded their pre-emption transaction. For PetroSA, the process is ongoing and remains subject to execution of definitive agreements and required government approvals.
Following completion of the pre-emption by both Tullow and PetroSA, Kosmos’ ultimate interest in Jubilee will be reduced by 3.8% to 38.3% (Kosmos retains ~80% of the original acquired interest), and Kosmos’ ultimate interest in TEN will be reduced by 8.3% to 19.8% (Kosmos retains ~25% of the original acquired interest).
Consideration paid to Kosmos from Tullow after taking into account closing adjustments was approximately $118 million in the first quarter. An additional ~$10 million is expected to be payable on completion of the PetroSA pre-emption process. Kosmos plans to accelerate debt reduction with the proceeds.
The net 2022 production impact of the pre-emption exercise for Kosmos is a reduction of approximately 4,000 barrels of oil per day, based on the March 17 closing date, and is expected to result in one less Ghana cargo lifting this year and a reduction in 2022 capital expenditure of approximately $30 million.
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.
Management does not provide a reconciliation for forward looking non GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward looking non GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
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SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. ("Volta" or "the Company") (NYSE: VLTA), today announced that it will be rescheduling its fourth quarter and year end 2021 conference call once it completes the necessary review of its financial results. Today, the Company will file an amendment to its quarterly report on form 10-Q for the quarter ended September 30, 2021.
About Volta Inc.
Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta Charging's vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers' daily routines, Volta Charging's goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta Charging's unique EV charging offering, its stations allow it to enhance its site hosts' and strategic partners' core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.
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Ms. Sahandy will present at the newly created Circular Plastics in a Net-Zero Carbon World track of the conference
HOUSTON--(BUSINESS WIRE)--Encina Development Group (Encina), a producer of circular chemicals from post-consumer materials, announced today that Ms. Sheida Sahandy, Encina’s Chief Sustainability Officer will present at the World Petrochemical Conference (WPC) to be held on March 22 – 25, 2022 in Houston, TX.
The presentation is titled Catalyzing an Evolutionary Leap. Ms. Sahandy commented, “As we take stock of our global sustainability problem, the enormity and necessity of societal and economic change is apparent. For one, our relationship to natural resources must mature. The linear model of consumption is dysfunctional. There is an imperative to shift to systems which do not perpetually require virgin resource inputs, and which also do not treat all outputs as waste; there is an imperative to shift to the circular economy. The array of mechanisms (regulations, public education, policy, commercial, etc.) must be deployed in relation to the case of advanced recycling. It is only with such full deployment and alignment of all available tools can we hope to rise to this next challenge of evolution: sustainability.”
WPC assembles an unparalleled lineup of leading industry executives featuring major chemical companies and leading organizations discussing the critical issues that impact the chemical market. It offers numerous networking opportunities and a variety of industry leading training courses. The link to the event is https://wpc.ihsmarkit.com/index.html.
Ms. Sahandy’s presentation is scheduled on Tuesday, March 22nd at 10:30 am - 11:00 am (CT) / 11:30am - 12:00pm (ET) in the Circular Plastics in a Net-Zero Carbon World track. The link to the presentation is https://wpc.ihsmarkit.com/program/catalyzing-an-evolutionary-leap-7160-803795/.
About Encina Development Group
Encina Development Group produces circular chemicals. Encina’s products provide the basic building blocks for customers to meet their renewable content goals and enable the cyclical production and reproduction of products across a broad spectrum of ubiquitous goods, including consumer products and packaging, pharmaceuticals, construction, and much more. For more information, please visit: www.encina.com.
Aileen Fan
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305-310-8218
NEW DELHI--(BUSINESS WIRE)--#AnnanyaAgarwal--Vedanta Aluminium, India’s largest producer of aluminium and value-added products, launches ‘Restora’, its low carbon, ‘green’ aluminium brand, under which it unveiled two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium). Vedanta is the first Indian aluminium producer to manufacture products for addressing the fast-growing global demand for low carbon aluminium, driven by greater climate consciousness.
Manufactured using renewable energy, Restora’s GHG emission intensity is well below 4 tonnes of CO2 equivalent per tonne of aluminium manufactured – the global threshold for aluminium to be considered as low carbon aluminium, as per assessment by an independent, global verification assurance firm. Restora Ultra, manufactured with aluminium recovered from dross (a by-product of the aluminium smelting process), has a near-zero carbon footprint that is amongst the lowest in the world. For this, Vedanta has partnered with Runaya Refining, a fast-growing manufacturing start-up focussed on creating innovative solutions for the resources sector. Vedanta Aluminium can customize Restora into ingots, billets and other value-added products, as per customer requirements.
Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd., said, “The launch of Restora marks a proud moment in our commitment to decarbonize our operations and provide our customers an unmatched competitive advantage with sustainable aluminium products. Restora has a GHG emission intensity which is almost half of the global threshold for low carbon aluminium. With consumers becoming increasingly conscious of the provenance of the products they use, Vedanta’s Restora will provide them the assurance that the aluminium they purchase has amongst the lowest carbon footprints in the world.”
Annanya Agarwal, co-founder, Runaya, added, “We are delighted to collaborate with Vedanta for creating Restora Ultra. Runaya is working towards disrupting the linear economy model by building in principles of circularity and sustainability into the design of the resources industry.”
Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing 1.97 million tonnes per annum (MTPA) in FY21. The company ranked 4th among aluminium producers globally in the Dow Jones Sustainability Index (DJSI) in 2021. The company is on a mission to spur emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
Sonal Choithani
Chief Communication Officer
Vedanta Limited – Aluminium Business
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www.vedantaaluminium.com
BitNile to Distribute Approximately 140 Million Shares and an Equal Number of Warrants to Purchase Shares of TurnOnGreen to BitNile Holdings’ Stockholders
LAS VEGAS--(BUSINESS WIRE)--$AGH #AmosKohn--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that it and its subsidiary TurnOnGreen, Inc., an electronic vehicle (“EV”) charging and power solutions company (“TurnOnGreen”), have entered into a securities purchase agreement (the “SPA”) with Imperalis Holding Corp. (OTC Pink: IMHC) (“Imperalis”), a publicly traded subsidiary of BitNile, whereby TurnOnGreen will, upon closing, become a subsidiary of Imperalis (the “Acquisition”).
Upon completion of the Acquisition, which is contingent upon the completion of an audit of TurnOnGreen and each party’s satisfaction or waiver of certain customary closing conditions set forth in the SPA, Imperalis will change its name to TurnOnGreen and, through an upstream merger whereby the current TurnOnGreen shall cease to exist, have two operating subsidiaries, TOG Technologies Inc. and Digital Power Corporation. Promptly following the closing of the Acquisition, Imperalis will dissolve its three dormant subsidiaries. Subsequent to the Acquisition, BitNile will assist TurnOnGreen in pursuing an uplisting to the Nasdaq Capital Market, subject to Nasdaq’s seasoning rules and other criteria for listing.
The Company anticipates that stockholders of BitNile will in due course receive a dividend of securities of TurnOnGreen. BitNile expects to distribute to BitNile stockholders approximately 140 million of its common shares and an equal number of warrants to purchase such shares of TurnOnGreen at the time of the record date to be set therefor, subject to regulatory approval and compliance with US federal securities laws.
Milton “Todd” Ault, III, the Company’s Executive Chairman, said, “We are excited to sponsor the acquisition of TurnOnGreen by Imperalis that will, upon closing of the SPA, result in a publicly traded company, TurnOnGreen, dedicated to continuing the development, manufacturing and sales of its proprietary power solutions and EV charging systems serving both residential and commercial segments. We look forward to TurnOnGreen’s contribution towards enabling the electrification of American vehicles and its participation in reshaping the nation’s infrastructure to support this green technology.” Ault continued, “We structured this transaction to benefit our stockholders who have been supportive of our transformation from a power solutions company in 2016 to a diversified holding company serving multiple sectors and developing and deploying an array of innovative technologies and products. We believe this transaction, creating a pureplay public company focused on EV chargers and power solutions, will be accretive in value for our stockholders.”
Upon the closing of the Acquisition, TurnOnGreen will continue to be led by its Chief Executive Officer, Amos Kohn and its Chief Revenue Officer, Marcus Charuvastra.
“We look forward to the closing of the acquisition and the ability of TurnOnGreen to leverage public markets to drive the development and distribution of our innovative technology,” said Amos Kohn, CEO of TurnOnGreen. “TurnOnGreen has a team of experienced professionals, and we are excited about the stockholders of BitNile becoming stockholders of TurnOnGreen and together continuing the journey to deliver on the vision of making green energy technology a part of our everyday lives.”
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen, Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
BitNile Holdings Investor Contact:
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Marks First Governmental Approval in Brazil
Commercialization Phase of Technology Expected to Commence Q4 2022
Partnership to Support Anglo American’s Carbon-Neutrality Commitment
MIAMI--(BUSINESS WIRE)--eCombustible Energy LLC, a leading innovator and provider of customizable hydrogen-based fuel for thermal industrial applications, has received authorization from Brazil’s Ministry of State for the Environment and Sustainable Development to begin construction and installation activities of its patented fuel supply modules at a nickel mine in Brazil operated by Anglo American (LSE: AAL), a British multinational mining company.
Anglo American is a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel, with crop nutrients in development, and is committed to being carbon neutral across its operations by 2040. The company recently signed an agreement with the mineral-rich Brazilian state of Minas Gerais to invest up to $800 million through 2025 in local operations.
The permit covers construction and environmental approvals for eCombustible’s Anglo American three-phased project. Phase 1 covers a seven-year supply contract to replace Liquefied petroleum gas (LPG) in pellet dryers at the mine with fuel supply modules that are designed to allow Anglo American to significantly reduce carbon emissions and support its Environmental, Social and governance (ESG) goals. Subsequent Phases 2 and 3 are expected to include replacing heavy fuel oil and pulverized coal in kilns for a total of 563,000 MMBTU/month or 225 MW of energy and are subject to negotiation of definitive documentation between eCombustible and Anglo American.
“Permitting for our Anglo-American project in Brazil is an important milestone for our company as we prepare to enter the commercialization phase with pre-commissioning or commercial start expected to commence in the fourth quarter of 2022,” said Jorge Arevalo, Chief Executive Officer of eCombustible Energy.
About Anglo American
Anglo American is a leading global mining company and its products are the essential ingredients in almost every aspect of modern life. Its portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With its people at the heart of its business, Anglo American uses innovative practices and the latest technologies to discover new resources and to mine, process, move and market its products to its customers – safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel - with crop nutrients in development – Anglo American is committed to being carbon neutral across its operations by 2040. More broadly, Anglo American’s Sustainable Mining Plan commits to a series of stretching goals to ensure it works towards a healthy environment, creating thriving communities and building trust as a corporate leader. Anglo America works together with its business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which it operates, for society as a whole, and for its shareholders. Anglo American is re-imagining mining to improve people's lives. For more information visit www.angloamerican.com.
About eCombustible
Founded in 2010 by Miami-based entrepreneur and investor Jorge Arevalo, eCombustible Energy offers a long-term fuel supply solution that is designed to provide the world’s most fossil-fuel dependent industries with a fuel that is carbon-free, cost-competitive, and requires little to no modification to existing customer equipment. The efficacy of its hydrogen-based fuel, eCombustible, has been validated through testing and independent assessments by third-party engineering firms. For more information visit www.ecombustible.com.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws, including (without limitation) statements regarding the potential benefits of the permit, the expectations of eCombustible Energy LLC (together with its subsidiaries and divisions, “eCombustible” or the “Company”) regarding the various phases of the proposed project, the anticipated timing of pre-commissioning or commercial start, the belief that the project will help Anglo American meet some of its ESG goals, eCombustible’s expectations regarding the scope of the project, and the potential benefits and attributes of eCombustible’s solution and technology. These forward-looking statements are generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to, the following factors: the risk that the proposed Business Combination (as defined below) may not be completed in a timely manner, or at all; the risk that the proposed Business Combination disrupts current plans and operations of eCombustible; changes in the energy markets in which eCombustible competes, including with respect to its competitive landscape, technology evolution or regulatory changes, or changes in domestic and global general economic conditions; the risk that eCombustible is not able to recognize revenue for its solutions or secure additional contracts that generate revenue; the risk of contract cancellation, amendment or decisions not to implement additional phases of the projects; risks related to changes in fuel prices; the risk that eCombustible may not be able to execute its business strategy; risks related to the ongoing COVID-19 pandemic and response; costs related to the Business Combination and the failure to realize anticipated benefits of the Business Combination; risks related to competition in the markets in which eCombustible competes and intends to compete; risks related to the early stage of eCombustible’s business and its technology; eCombustible’s ability to obtain capital necessary in order to perform its services; costs associated with providing eCombustible fuel; risks related to market acceptance of eCombustible’s solution; the ability of eCombustible’s technology to perform as intended; and those factors that are or will be contained in the Registration Statement (as defined below) relating to the proposed Business Combination.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that are or will be described in Benessere Capital Acquisition Corp’s “Benessere”) Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q, the “Risk Factors” section of the Registration Statement and other documents to be filed by BCAC Holdings, Inc. (“BCAC Holdings”) and/or Benessere from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements. eCombustinble disclaims any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
In connection with the proposed business combination among Benessere, eCombustible and BCAC Holdings, Inc. (“BCAC Holdings”), and its wholly owned subsidiaries, and which we refer to as the “Business Combination,” BCAC Holdings has filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (File No. 333-262669) (the “Registration Statement”). This Registration Statement includes a document that serves as a preliminary prospectus of BCAC Holdings and a preliminary proxy statement of Benessere, and is referred to as a proxy statement/prospectus. The Registration Statement has not become effective. Following the Registration Statement having been declared effective by the SEC, a final prospectus/definitive proxy statement and other relevant documents will be mailed to Benessere’s stockholders as of a record date to be established for voting on the proposed Business Combination. This communication is not a substitute for the Registration Statement, the final prospectus/definitive proxy statement or any other document that BCAC Holdings has or will file with the SEC, or that Benessere has or will file with the SEC or send to its stockholders, in connection with the proposed Business Combination. Before making any voting or investment decision, investors and security holders of Benessere, eCombustible and BCAC Holdings are advised to read the Registration Statement, all other relevant documents filed or that will be filed with the SEC in connection with the proposed Business Combination, because these documents will contain important information about the proposed Business Combination and the parties to the proposed Business Combination. Investors, security holders and other interested persons will also be able to obtain copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by BCAC Holdings or Benessere, free of charge, through the website maintained by the SEC at www.sec.gov.
Participants in the Solicitation
Benessere, eCombustible, BCAC Holdings, and certain of their respective directors and officer, under SEC rules, may be deemed to be participants in the eventual solicitation of proxies of Benessere’s stockholders in connection with the proposed Business Combination. Information concerning the interests of Benessere’s, eCombustible’s and BCAC Holdings’ participants in the solicitation, which may, in some cases, be different than the interests of Benessere’s, eCombustible’s and BCAC Holdings’ stockholders and equity holders generally, is set forth in the proxy statement/prospectus contained in the Registration Statement relating to the Business Combination.
Prospective investors and security holders may obtain more detailed information regarding the names and interests in the proposed Business Combination of such individuals in BCAC Holdings’ filings with the SEC, including the Registration Statement, and Benessere’s filings with the SEC, including its Form 10-K filed with the SEC on March 31, 2021. To the extent that holdings of Benessere’s securities have changed since the amounts in Benessere’s Annual Report on Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Such information will also be contained in the final prospectus/definitive proxy statement when available. You may obtain free copies of these documents from the source indicated in the paragraph above.
No Offer or Solicitation
This communication does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to buy any security of eCombustible, Benessere, BCAC Holdings or any of their respective affiliates. There shall not be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction.
INVESTOR RELATIONS CONTACT
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
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SAN FRANCISCO & TORONTO--(BUSINESS WIRE)--$PAY #gigworkers--Lyft (NASDAQ: LYFT) and Payfare (TSX: PAY) launched a cash back rewards program on all fuel purchases for U.S. Lyft drivers using a Lyft Direct debit card, powered by Payfare. In immediate response to rising fuel prices, Lyft Direct cardholders will now receive an increase in cash back rewards of 4-5% on every gas purchase until June 30, 2022.
With a Lyft Direct account, Lyft drivers already access free, instant earnings deposits after every ride and rewards on everyday purchases, including 1-2% on all gas purchases. Until the end of June, Lyft Direct cardholders will automatically earn 4% on all gas purchases and an additional 1% at over 19,000 participating gas stations, to help alleviate the recent surge in gas prices.
According to AAA, the current national average price of regular fuel is $4.274 per gallon, up more than 21% month over month1. Lyft Direct cardholders can save up to $0.21 per gallon on average with the enhanced cash back rewards based on current regular fuel prices.
”We responded immediately to the needs of our clients and cardholders. We’re proud to partner with Lyft in supporting drivers,” said Marco Margiotta, CEO and Founding Partner of Payfare. “Providing higher cash back rewards on fuel purchases, in addition to free instant earnings deposits after every ride, will help keep Lyft drivers on the road and ease the pain of rising gas prices.”
The Lyft Direct app is available for iOS and Android mobile users on the Apple App Store and Google Play Store. The Lyft Direct Business Mastercard Debit Card is issued by Stride Bank, N.A. Member FDIC, pursuant to a license from Mastercard International and is subject to eligibility. For additional details, visit www.lyft.com/driver/direct-debit-card.
1https://gasprices.aaa.com/ accessed on March 18, 2022.
About Lyft (NASDAQ: LYFT)
Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Our transportation network brings together rideshare, bikes, scooters, car rentals, transit and vehicle services all in one app. We are singularly driven by our mission: to improve people’s lives with the world’s best transportation.
About Payfare (TSX: PAY)
Payfare is a global financial technology company powering digital banking and instant payout solutions for today’s gig economy. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial security and inclusion for their workforce.
For further information please visit www.payfare.com or contact:
Cihan Tuncay
Head of Investor Relations and Corporate Development
1 (888) 850-2713
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For media inquiries:
Lindsey Abshire
(647) 417-4788
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Company to Report Q4 2021 Results on March 28, 2022
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today announced that it will release its financial results for the fourth quarter ended December 31, 2021 on Monday, March 28, 2022 and will host a conference call the same day at 9:00 AM ET to discuss its results.
To access the call please dial (844) 200-6205 from the United States, or (929) 526-1599 from outside the U.S. The conference call I.D. number is 442422. Participants should dial in 5 to 10 minutes before the scheduled time.
A replay of the call can also be accessed via phone through April 11, 2022, by dialing (866) 813-9403 from the U.S., or (204) 525-0658 from outside the U.S. The conference I.D. number is 661424.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to realize the benefits from the business combination; the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Naiem Hussain
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Chris Kaskavelis
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Builds On Longstanding Actions Promoting Sustainability Across Operating Portfolio
Includes Operational Enhancements and Accelerated Actions to Achieve Carbon Reduction Targets
CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced its commitment to achieve net-zero operational carbon emissions by 2040, building upon its longstanding actions and commitment to environmental stewardship. This new pledge exceeds the Company’s existing Science-Based Target initiative (SBTi) verified carbon reduction goal, adopted in 2021, to decrease absolute carbon emissions by 30% by 2030.
The Company’s strategy to achieve operational carbon neutrality includes three primary components, which will be implemented in the Office and Senior Housing Operating (“SHOP”) portfolios whose building emissions comprise the Company’s operational carbon footprint:
Any residual emissions that cannot be addressed through these actions will be abated by purchasing high-quality carbon offsets. Investments in efficiency, renewables and electrification will be prioritized over offsets to minimize the Company’s gross emissions.
"Ventas recognizes the imperative need to take significant actions toward decarbonization, and is dedicated to a well-conceived and rigorously executed approach to achieving operational net-zero carbon emissions,” said Debra A. Cafaro, Ventas Chairman and Chief Executive Officer. “Our net-zero goal continues our leadership in sustainability and builds on our track record of achievements and commitments to date, starting with our ongoing investments in energy efficiency and our SBTi-validated emissions reduction target. We believe that today’s commitment promotes the interests of our stakeholders and aligns with our values of health and safety for residents, tenants, care providers and patients.”
Cafaro continued, “We are proud of the strategy we developed to achieve this ambitious goal of net-zero operational emissions by 2040, and look forward to continued collaboration with our partners and suppliers to promote sustainability and deliver long-term superior results.”
The Ventas Sustainability team partners with leading Office and Senior Housing operators to implement energy efficiency measures, energy management best practices such as benchmarking, evaluate renewable energy opportunities and pursue LEED, IREM and other third-party green certifications for the Company’s assets. This collaborative approach helps lead the way in developing innovative and cost-effective solutions to reduce carbon emissions throughout its operating portfolio.
Ventas will continue innovating to meet its net-zero operational commitment for the future, building on its extensively recognized leadership in sustainability:
To advance its sustainability goals while continuing to grow, Ventas has a comprehensive ESG assessment process integrated into due diligence for acquisitions, dispositions, developments and redevelopments and the selection of operators and partners. The Ventas ESG team evaluates each potential business opportunity against nine ESG categories, providing decision-makers with a comprehensive report to support the best long-term investment decisions.
About Ventas
Ventas Inc., an S&P 500 company, operates at the intersection of two large and dynamic industries – healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns a diversified portfolio of over 1,200 properties in the United States, Canada, and the United Kingdom. Ventas uses the power of its capital to unlock the value of senior living communities; life science, research & innovation properties; medical office & outpatient facilities, hospitals and other healthcare real estate. A globally-recognized real estate investment trust, Ventas follows a successful long-term strategy, proven over more than 20 years, built on diversification of property types, capital sources and industry leading partners, financial strength and flexibility, consistent and reliable growth and industry leading ESG achievements, managed by a collaborative and experienced team dedicated to its stakeholders.
Cautionary Statements
This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated results from operations and developments and other matters that are not historical facts. Forward-looking statements include, among other things, statements regarding our and our officers’ intent, belief or expectation as identified by the use of words such as “may,” “will,” “project,” “expect,” “believe,” “intend,” “anticipate,” “seek,” “target,” “forecast,” “plan,” “potential,” “opportunity,” “estimate,” “could,” “would,” “should” and other comparable and derivative terms or the negatives thereof.
Forward-looking statements are based on management’s beliefs as well as on a number of assumptions concerning future events. You should not put undue reliance on these forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements. We do not undertake a duty to update these forward-looking statements, which speak only as of the date on which they are made. You are urged to carefully review the disclosures we make concerning risks and uncertainties that may affect our business and future financial performance in our filings with the Securities and Exchange Commission (“SEC”), including those made in the “Summary Risk Factors” section, “Risk Factors” section and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of our most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
Certain factors that could affect our future results and our ability to achieve our stated goals include, but are not limited to: (a) the impact of the ongoing COVID-19 pandemic and its extended consequences, including of the Delta, Omicron or any other variant, on our revenue, level of profitability, liquidity and overall risk exposure and the implementation and impact of regulations related to the CARES Act and other stimulus legislation and any future COVID-19 relief measures; (b) our ability to achieve the anticipated benefits and synergies from, and effectively integrate, our acquisitions and investments, including our acquisition of New Senior Investment Group Inc.; (c) our exposure and the exposure of our tenants, managers and borrowers to complex healthcare and other regulation and the challenges and expense associated with complying with such regulation; (d) the potential for significant general and commercial claims, legal actions, regulatory proceedings or enforcement actions that could subject us or our tenants, managers or borrowers to increased operating costs and uninsured liabilities; (e) the impact of market and general economic conditions, including economic and financial market events, inflation, change in interest rates, supply chain pressures, events that affect consumer confidence, our occupancy rates and resident fee revenues, and the actual and perceived state of the real estate markets, labor markets and public capital markets; (f) our ability, and the ability of our tenants, managers and borrowers, to navigate the trends impacting our or their businesses and the industries in which we or they operate; (g) the risk of bankruptcy, insolvency or financial deterioration of our tenants, managers borrowers, and other obligors and our ability to foreclose successfully on the collateral securing our loans and other investments in the event of a borrower default; (h) our ability to identify and consummate future investments in or dispositions of healthcare assets and effectively manage our portfolio opportunities and our investments in co-investment vehicles, joint ventures and minority interests; (i) risks related to development, redevelopment and construction projects; (j) our ability to attract and retain talented employees; (k) the limitations and significant requirements imposed upon our business as a result of our status as a REIT and the adverse consequences (including the possible loss of our status as a REIT) that would result if we are not able to comply; (l) the risk of changes in healthcare law or regulation or in tax laws, guidance and interpretations, particularly as applied to REITs, that could adversely affect us or our tenants, managers or borrowers; (m) increases in our borrowing costs as a result of becoming more leveraged or as a result of changes in interest rates and phasing out of LIBOR rates; (n) our reliance on third parties to operate a majority of our assets and our limited control and influence over such operations and results; (o) our dependency on a limited number of tenants and managers for a significant portion of our revenues and operating income; (p) the adequacy of insurance coverage provided by our policies and policies maintained by our tenants, managers or other counterparties; (q) the occurrence of cyber incidents that could disrupt our operations, result in the loss of confidential information or damage our business relationships and reputation; (r) the impact of merger, acquisition and investment activity in the healthcare industry or otherwise affecting our tenants, managers or borrowers; and (s) the risk of catastrophic or extreme weather and other natural events and the physical effects of climate change.
Investors
Sarah Whitford
(877) 4-VENTAS
Organizations achieve faster time-to-value through logical data fabric and data mesh implementations powered by data virtualization technology
PALO ALTO, Calif.--(BUSINESS WIRE)--Denodo, the leader in data management, today announced that its subscription license revenue grew more than 50 percent year-over-year, as the company moved close to becoming a 100 percent subscription-based revenue business. While new customer acquisitions and existing customer expansion remained strong and steady year-over-year, Denodo’s cloud marketplace presence encountered the fastest growth with more than 300 transactions in 2021.
Denodo customers’ positive sentiment about its product, services, and support was once again captured as part of the Gartner Peer Insights reviews and, as a result, Denodo has again been recognized as a Customer's Choice in the Gartner Peer Insights “Voice of the Customer”: Data Integration Tools, 28 January 2022. With an overall rating of 4.4 out of 5, Denodo is one of the only three Gartner® Magic Quadrant™ for Data Integration Tools Leaders to receive Customers’ Choice for 2022 and is the third highest rated data integration vendor in the report. Denodo was also positioned as a Leader for the Second Consecutive Year in the 2021 Gartner® Magic Quadrant™ for Data Integration Tools. During the same year, Denodo customers and Denodo Platform were bestowed with numerous awards and recognitions, such as TDWI Best Practices Award, Ventana Research Digital Leadership Award, and DBTA Readers' Choice Awards, to name a few.
During 2021, Denodo added important brand names to its already stellar global customer roster, including Credit Suisse, Deutsche Bank, Toyota Financial Services, Johnson & Johnson, and Goldwind. During the same period, Denodo Platform version 8, which was launched in 2020 to offer enterprises the ability to deploy enterprise grade logical data fabric, added some major capabilities including AI & Recommendations and Advanced Semantics. These new additions help enterprise data and analytics teams automate frequently used data management functions, improve collaboration between data stewards and business users, and secure data access.
The Company extended its worldwide footprint to 25 offices spanning 20 countries, including new offices in South Korea, Sweden, Netherlands and Belgium. During the same year, strategic technology and consulting alliances also intensified as marked by a 56 percent increase in new signed partner agreements and significant growth within current partnerships, bringing a 192 percent increase in revenue from this important channel.
“Every company rooted in making data-driven business decisions is realizing that it is impractical to move all their data in a single repository such as a cloud data lake or cloud data warehouse,” said Angel Viña, founder and CEO of Denodo. “That is exactly why they selected Denodo Platform to build their logical data fabric to integrate, manage and deliver their enterprise data to business stakeholders. We thank our partners and customers alike for their continued support for our platform and we are looking forward to helping hundreds of new customers who are looking to make insights-driven business decisions and support their enterprise data across cloud and regional boundaries.”
Please Tweet: #dataintegration leader @denodo announces double-digit revenue growth and strong momentum in customer acquisition through #amazon #google and #azure marketplaces
About Denodo
Denodo is a leader in data management. The award-winning Denodo Platform is the leading data integration, management, and delivery platform using logical approach to enable self-service BI, advanced analytics, hybrid/multi-cloud integration, and enterprise data services. Realizing more than 400% ROI and millions of dollars in benefits, Denodo’s customers across large enterprise and mid-market companies in 30+ industries have received payback in less than 6 months. For more information, visit www.denodo.com or call +1 877 556 2531 / +44 (0) 20 7869 8053.
Chris McCoin or Richard Smith
McCoin & Smith Communications Inc.
508-429-5988 (Chris) or 978-433-3304 (Rick)
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A high-performance Heavy Duty Engine Oil Formulated to Extend Engine and Oil Life When Operating in Extreme Conditions
SAN RAMON, Calif.--(BUSINESS WIRE)--Today Chevron Products Company, a division of Chevron U.S.A. Inc., introduced Delo® 400 XSP SAE 15W-40 with ISOSYN® Advanced Technology™, a new full synthetic, high-performance engine oil engineered to help maximize engine protection and to minimize oil consumption, specifically formulated for heavy duty diesel engines operating on and off highway.
“We’ve introduced Delo 400 XSP SAE 15W-40 to fill a customer need for the heavy-weight confidence of a 15W-40 and the performance of a full synthetic. The combination is in high demand among heavy duty diesel pickup truck owners, whether for business or pleasure, operating in extreme conditions and extreme duty cycles,” Jason Gerig, Chevron commercial sector manager, explained. “This oil has proven to provide exceptional high-temperature protection even under the most stressful of conditions. The oil was also formulated to minimize consumption which in turn extends drain intervals.”
Relentless Reliability
Delo 400 XSP SAE 15W-40’s outstanding soot dispersancy and wear control helps protect the engine’s cylinders, pistons, rings and valve train components against wear and corrosion – promoting ideal service life and minimal wear - contributing to maximum vehicle use and minimum downtime. With Chevron’s new oil, customers can expect lower expenses and less frequent upkeep.
Fully backward compatible, Delo 400 XSP SAE 15W-40 engine oil delivers exceptional performance in both newer and older heavy duty engines. With API SN/SN PLUS approval, Delo 400 XSP can be used in both diesel and gasoline-fueled engines, allowing customers to consolidate their engine oils across personal, recreational, and business vehicles or equipment.
Delo 400 XSP SAE 15W-40 is a mixed-fleet engine oil recommended for naturally aspirated and turbocharged four-stroke diesel engines and four-stroke gasoline engines in which the API CK-4, API SN or API SN PLUS service categories and SAE 15W-40 viscosity grade is recommended.
ISOSYN Advanced Technology
Chevron’s patented ISOSYN Advanced Technology is a unique combination of formulation expertise that spans additive chemistry, premium base oils, and industry application knowledge.
Chevron Delo 400 XSP SAE 15W-40 with ISOSYN Advanced Technology will be launched at Walmart and Walmart.com.
About Chevron Products Company
Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo® and Havoline Xpress Lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.
©2022 Chevron. All rights reserved. All trademarks are property of Chevron Intellectual Property LLC or their respective owners.
Sarjika Mehta -- This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--#ConservationMatters--Hess Corporation has invested in the expansion of the Texas Water Action Collaborative (TxWAC) to the entire Trinity River Basin. This investment is foundational in bringing funding and partners to conservation projects along the Trinity to provide benefits for water volume, water quality, air quality, and biodiversity.
Launched in March of 2021, TxWAC was developed to match companies and funders with conservation projects to positively benefit Texas’ water resources. TxWAC was piloted in the Upper Trinity River Basin. With Hess Corporation’s support, this model is expanding to the Lower Trinity River Basin in the first half of 2022. Plans are underway to expand TxWAC to another river basin in Texas by 2023. Texan by Nature (TxN) leads TxWAC and will facilitate the expansion.
Texas’ population of 29 million people is expected to double by 2050, putting pressure on the state’s land, water, wildlife, and infrastructure. As the 9th largest economy in the world with a GDP of $1.9T, new water opportunities and conservation actions are needed to maintain economic leadership and to ensure the vitality of our natural resources and communities. Hess Corporation's investment in TxWAC is intended as a catalyst for maintaining this position.
“Clean, healthy waterways are important to the state of Texas, as well as the Gulf of Mexico. This partnership with Texan by Nature on the TxWAC project is a great addition to the other water programs Hess is involved in and aligns with the commitment Hess has to clean water and addressing marine debris,” said Brock Hajdik, Vice President for Gulf of Mexico at Hess Corporation. “We are excited to see the opportunities this brings forward.”
The goals of TxWAC expansion are to:
TxWAC began successfully matching projects to funding in the Upper Trinity in October 2021 when PepsiCo and Facebook funded a Ducks Unlimited wetland project as a result of the TxWAC process. Texan by Nature facilitates this process through initiative leadership, survey data, matching methodology, and partnership development.
“TxWAC is quickly becoming a premier example of collaborative conservation. We’re proud to act as the trusted broker and accelerate the rate at which conservation projects are funded. and replicated along Texas river systems. Hess Corporation’s leadership in funding this expansion is a catalyst for the multiplicative impact TxWAC will achieve,” says Joni Carswell, CEO & President of Texan by Nature.
Future plans for the Texas Water Action Collaborative include expansion and replication, scoping high impact and high return water projects for Texas, developing software to manage and visualize data as the collaborative grows, and reporting the results of successfully funded projects through TxWAC.
Texan by Nature’s efforts to convene and accelerate statewide initiatives such as TxWAC are made possible due to the support from partners that are dedicated to conservation, like Hess Corporation. Additional support of the Texas Water Action Collaborative is provided by Lyda Hill Philanthropies, Molson Coors Beverage Company, Coca-Cola Company, and Tarrant Regional Water District.
To learn more about the Texas Water Action Collaborative, visit: https://texanbynature.org/projects/texas-water-action-collaborative/
ABOUT TEXAN BY NATURE:
Texan by Nature, founded by former First Lady Laura Bush, brings conversation and business together, acting as an accelerator for conservation groups and a strategic partner for business. TxN supports 110+ conservation organizations and has accelerated projects and programs that have impacted 7 million-plus people, 20 million acres, and all of Texas’ 254 counties. Get involved and learn more at texanbynature.org. Follow on Facebook, Twitter, LinkedIn, and Instagram @TexanbyNature.
ABOUT HESS CORPORATION:
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. Learn More About Hess' Commitment to Sustainable Business Practices. More information about Hess Corporation is available at http://www.hess.com.
Karina Araujo
Texan by Nature
956-616-6869
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