LONG BEACH, Calif.--(BUSINESS WIRE)--PierPass today provided a preliminary 2021 financial summary of the OffPeak Program, which provides night and weekend truck gates at the marine terminals in the Ports of Los Angeles and Long Beach. PierPass manages the OffPeak Program on behalf of the West Coast MTO Agreement (WCMTOA).

The OffPeak Program takes truck trips that would otherwise occur during peak daytime traffic hours and moves them to less-congested nights and weekends, reducing traffic congestion on roads and highways and increasing total throughput capacity of the ports. Since 2005, the OffPeak Program has diverted more than 51 million trucks away from Southern California commuting hours.

In 2021, the net OffPeak Program costs were $348.4 million to operate 2,832 OffPeak gates. In 2021, the OffPeak Program collected and distributed $303.9 million in Traffic Mitigation Fees (TMF) to the WCMTOA marine terminal operator members to cover part of the OffPeak gates’ costs. An additional 489 gates that were not included in the WCMTOA published tariff were operated during non-peak hours and are not included in the OffPeak Program’s cost.

PierPass is a not-for-profit company created by marine terminal operators at the Port of Los Angeles and Port of Long Beach to address multi-terminal issues such as congestion, air quality and security. The West Coast MTO Agreement is filed with the Federal Maritime Commission and comprises the 12 international MTOs serving the Los Angeles and Long Beach ports. For more information, please visit www.pierpass.org.

PierPass Customer Service Number: 877-863-3310

Media Contact: Paul Sherer, This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. (“CXO”), have commenced a cash tender offer (the “Tender Offer”) to purchase outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $1.8 billion (the “Maximum Aggregate Purchase Price”), in the order of priority shown in the table below.

The terms and conditions of the Tender Offer are described in an Offer to Purchase dated February 22, 2022 (as it may be amended or supplemented, the “Offer to Purchase”). The Tender Offer is subject to the satisfaction of certain conditions as set forth in the Offer to Purchase. Subject to applicable law, the purchasers may waive any and all of these conditions or extend, terminate or withdraw the Tender Offer with respect to one or more Series of Notes and/or increase or decrease the Maximum Aggregate Purchase Price. The Tender Offer is not conditioned upon any minimum amount of Notes being tendered. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase.

The amounts of each Series of Notes that are purchased in the Tender Offer will be determined in accordance with the priorities identified in the column “Acceptance Priority Level” in the table above. The Tender Offer will expire one minute after 11:59 p.m., New York City time, on March 21, 2022, unless extended (such date and time, as the same may be extended, the “Expiration Date”) or earlier terminated. In order to receive the applicable Total Tender Offer Consideration, holders of Notes subject to the Tender Offer must validly tender and not validly withdraw their Notes before the Early Tender Deadline, which is 5:00 p.m., New York City time, on March 7, 2022, unless extended. Holders of Notes subject to the Tender Offer who validly tender their Notes after the Early Tender Deadline and before the Expiration Date and whose Notes are accepted for purchase will receive the applicable Late Tender Offer Consideration.

The applicable Total Tender Offer Consideration for each $1,000 in principal amount of Notes tendered and not withdrawn before the Early Tender Deadline and accepted for payment pursuant to the Tender Offer on the Early Settlement Date (as defined below) will be determined in the manner described in the Offer to Purchase. The consideration will be determined by reference to a fixed spread specified for each Series of Notes over the yield based on the bid-side price of the applicable Reference U.S. Treasury Security specified in the table above, as fully described in the Offer to Purchase. The consideration will be calculated by the Dealer Managers for the Tender Offer at 10:00 a.m., New York City time, on the business day immediately following the Early Tender Deadline, unless extended (such date and time, as the same may be extended, the “Price Determination Date”). The Price Determination Date is expected to be March 8, 2022. The Early Tender Premium for each Series of Notes is $30 per $1,000 principal amount of Notes. The Late Tender Offer Consideration for the Notes purchased pursuant to the Tender Offer will be calculated by taking the Total Tender Offer Consideration for the applicable Series of Notes and subtracting from it the Early Tender Premium of $30 per $1,000 principal amount of Notes.

In addition to the applicable Total Tender Offer Consideration or applicable Late Tender Offer Consideration, as the case may be, accrued and unpaid interest up to, but not including, the applicable Settlement Date will be paid in cash on all validly tendered Notes accepted for purchase in the Tender Offer. The purchase price plus accrued and unpaid interest for Notes that are validly tendered and not validly withdrawn on or before the Early Tender Deadline and accepted for purchase will be paid by the Company in same day funds promptly following the Early Tender Deadline (the “Early Settlement Date”). The Company expects that the Early Settlement Date will be March 11, 2022, the third business day after the Price Determination Date. The purchase price plus accrued and unpaid interest for Notes that are validly tendered after the Early Tender Deadline and on or before the Expiration Date and accepted for purchase will be paid by the Company in same day funds promptly following the Expiration Date (the “Final Settlement Date”). The Company expects that the Final Settlement Date will be March 23, 2022, the second business day after the Expiration Date, assuming Notes representing an aggregate purchase price equal to the Maximum Aggregate Purchase Price are not purchased on the Early Settlement Date. No tenders will be valid if submitted after the Expiration Date. If Notes are validly tendered and not validly withdrawn having an aggregate purchase price equal to or greater than the Maximum Aggregate Purchase Price as of the Early Tender Deadline, Holders who validly tender Notes after the Early Tender Deadline but on or before the Expiration Date will not have any of their Notes accepted for purchase. Holders of Notes subject to the Tender Offer who validly tender their Notes on or before the Early Tender Deadline may not withdraw their Notes after 5:00 p.m., New York City time, on March 7, 2022, unless extended (such date and time, as the same may be extended, the “Withdrawal Deadline”), except in the limited circumstances described in the Offer to Purchase. Holders of Notes subject to the Tender Offer who validly tender their Notes after the Withdrawal Deadline but on or before the Expiration Date may not withdraw their Notes except in the limited circumstances described in the Offer to Purchase.

Subject to the Maximum Aggregate Purchase Price, all Notes validly tendered and not validly withdrawn at or before the Early Tender Deadline having a higher Acceptance Priority Level will be accepted before any validly tendered and not validly withdrawn Notes having a lower Acceptance Priority Level, and all Notes validly tendered after the Early Tender Deadline having a higher Acceptance Priority Level will be accepted before any Notes tendered after the Early Tender Deadline having a lower Acceptance Priority Level. However, if Notes are validly tendered and not validly withdrawn having an aggregate purchase price less than the Maximum Aggregate Purchase Price as of the Early Tender Deadline, Notes validly tendered and not validly withdrawn at or before the Early Tender Deadline will be accepted for purchase in priority to Notes tendered after the Early Tender Deadline, even if such Notes tendered after the Early Tender Date have a higher Acceptance Priority Level than Notes validly tendered and not validly withdrawn at or before the Early Tender Deadline. Notes of the Series in the last Acceptance Priority Level accepted for purchase in accordance with the terms and conditions of the Tender Offer may be subject to proration so that the Company will only accept for purchase Notes having an aggregate purchase price of up to the Maximum Aggregate Purchase Price.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and TD Securities (USA) LLC are the Dealer Managers for the Tender Offer. Global Bondholder Services Corporation is the Tender Agent and Information Agent. Persons with questions regarding the Tender Offer should contact Citigroup Global Markets Inc. at (toll-free) (800) 558-3745, J.P. Morgan Securities LLC at (toll-free) (866) 834-4666, Mizuho Securities USA LLC (toll-free) at (866) 271-7403 and TD Securities (USA) LLC (toll-free) at (866) 584-2096. Requests for copies of the Offer to Purchase and related materials should be directed to Global Bondholder Services Corporation at (+1) (212) 430-3774, (toll-free) (855) 654-2015 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation at (toll-free) (855) 654-2015.

This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Tender Offer is made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase dated February 22, 2022. There is no separate letter of transmittal in connection with the Offer to Purchase. None of ConocoPhillips or its affiliates, their respective boards of directors, the Dealer Managers, the Tender Agent and Information Agent or the trustees with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to the Tender Offer, and neither ConocoPhillips nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

--- # # # ---

About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $91 billion of total assets and approximately 9,900 employees at Dec. 31, 2021. Production including Libya averaged 1,567 MBOED for the 12 months ended Dec. 31, 2021, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition or the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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Indian Energy Company Adopts AspenTech Software to Sustain Optimal Plant Performance and Enable Better Decision-Making

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in asset optimization software, today announced that Indian energy company Numaligarh Refinery Limited (NRL) has chosen to partner with AspenTech in the company’s digitalization journey, in pursuit of operational excellence via proven innovation. With the deployment of software products, such as Aspen HYSYS®; Aspen Unified PIMS™; Aspen DMC3™; Aspen InfoPlus.21®; Aspen Tank Operations and Movement Systems™; and Aspen Operations Reconciliation and Accounting™, the company can sustain optimal plant performance, as well as make faster and more accurate decisions.

Shri Bhaskar Jyoti Phukan, Director (Technical) & Managing Director I/c, Numaligarh Refinery Limited, said: “NRL is accelerating digitalization to stay at the forefront of innovation. Key initiatives include maximizing refinery capacity and achieving operational excellence across areas such as product delivery and production of low-volume, high-value products. Based on the anticipated value that AspenTech solutions can deliver, Numaligarh Refinery has scaled in the adoption of aspenONE Performance Engineering and Manufacturing and Supply Chain solutions. In doing so, the company can be assured of a reliable technology-driven pathway towards achieving operational excellence and production optimization in their refinery.”

Lawrence Ng, Vice President of Sales, Asia Pacific & Japan, Aspen Technology, added: “Based on more than a decade of collaboration between both companies, we are pleased that Numaligarh Refinery has chosen to transform digitally with AspenTech. Domain expertise remains mission-critical and our AI solutions can be a powerful working strategy to accelerate business outcomes in the new normal.”

To drive operational excellence, and help achieve sustainability goals, Numaligarh Refinery is using the following products:

• Aspen HYSYS maximizes safety, throughput and profitability by optimizing the entire site in one environment via simulation and time-saving workflows.
• Aspen Unified PIMS production planning software increases margins and saves time via usability and speed.
• Aspen DMC3 to sustain optimal performance with adaptive process control, including deep learning technology.
• Aspen InfoPlus.21 unlocks information with a flexible data foundation that generates value by creating a complete picture of production operations.
• Aspen Operations Reconciliation and Accounting to improve accuracy in production accounting by enabling better decision-making using one integrated model.
• Aspen Tank Operations & Movement Systems to proactively manage inventory and react quickly to disruptions.

Supporting Resources

• Aspen HYSYS®
• Aspen Unified PIMS™
• Aspen DMC3™
• Aspen InfoPlus.21®
• Aspen Tank Operations & Movement Systems™
• Aspen Operations Reconciliation and Accounting™

About Numaligarh Refinery

The Numaligarh Refinery (NRL) is an energy company owned by Oil India Limited, Government of Assam, and Engineers India Limited, located in the Brahmaputra valley in the region of Assam. The commencement of commercial operations started in 2000, and in 2019, the Cabinet Committee of Economic Affairs approved the Numaligarh Refinery Expansion Project (NREP) to expand the production capacity. Visit www.nrl.co.in to find out more.

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

© 2022 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo, Aspen, Aspen HYSYS, Aspen Unified PIMS, Aspen DMC3, Aspen InfoPlus.21, Aspen Tank Operations & Movement Systems and Aspen Operations Reconciliation and Accounting are trademarks of Aspen Technology, Inc. All rights reserved.

Aspen Technology, Inc.
Georgina Tan
+65 6395 3913
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Aaron Young Leads Development Team Focused on Helping Utility Companies and Independent Power Producers Embrace Clean Power

DALLAS--(BUSINESS WIRE)--Amshore, a renewable energy development leader, today announced the promotion of senior project developer Aaron Young to the role of Vice President of Development.

In his new role, Aaron leads the development strategy, execution and team focused on helping utility companies and independent power producers expand their renewable energy projects throughout North America. Aaron joined Amshore in 2014 and has developed and assisted in the development and construction of key projects throughout the country. Over the last 20 years, Amshore has originated and developed solar and wind energy facilities generating 2.9 gigawatts of power covering over a half a million acres.

“We continue to invest in our team and capabilities as a leading renewable energy developer to help our valued clients,” said Deana Strunk, Owner, Amshore. “With his in-the-field renewable energy development experience and his history at our company, Aaron will continue to deliver results for our clients and help shape the future of Amshore as we grow and expand.”

“Development is at the core of one of the most exciting industries within the energy sector—renewable energy,” said Young. “Our highest priority is helping our clients and partners bring clean power to the world. I look forward to leading our team as we continue to invest in our renewable development services.”

Aaron received a Bachelor of Science degree in Wind Energy with a concentration in project development from Texas Tech University.

About Amshore

Amshore® Renewable Energy specializes in developing sustainable energy solutions for utility companies and independent power producers looking to expand their renewable energy projects throughout North America. Amshore has originated and developed solar and wind energy facilities generating 2.9 gigawatts of power covering over a half a million acres, and the company offers advanced energy management control and novel energy storage systems. Established in 2002, Amshore is based in the Dallas, Texas, area. For more information about Amshore, visit www.amshore.com.

Amshore® is a registered trademark of Amshore US Wind LLC dba Amshore Renewable Energy.

Cas Purdy
Amshore
+1 214-347-9428
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Prebuilt EDI integration flows streamline critical revenue-generating operations with greater visibility and faster time-to-market

ROCKFORD, Ill.--(BUSINESS WIRE)--Cleo, the pioneer and global leader of the Ecosystem Integration software category and provider of the Cleo Integration Cloud (CIC) platform, today announced availability of its new TruckMate-to-X12 EDI Accelerator for Logistics & Transportation companies, the latest addition to its rapidly expanding CIC Library of ecosystem integration connectivity solutions.

Accelerators are out-of-the-box B2B integrations between a system of record, such as an ERP, TMS or WMS, and an application or trading partner, a retailer, or a customer. Each Accelerator from Cleo comes with prebuilt end-to-end business process logic for deploying mission-critical API and EDI-based supply chain integrations.

With Cleo’s new TruckMate-to-X12 EDI Accelerator, logistics & transportation companies can now achieve up to a 4x faster time to market, improve real-time business process visibility, and gain actionable insights, leading to greater revenue-generation and scaling of customer ecosystems. What’s more, because these solutions come prebuilt, an integration owner can automate EDI transactions by merely configuring these complex load-tender-to-invoice processes; no coding is required.

“With Cleo’s new TruckMate-to-X12 EDI Accelerator, logistics companies with this TMS as their core business application can take control of their revenue-generating operations by streamlining load tenders, adding predictability to shipments, and optimizing invoicing for improved cash cycle times,” said Vidya Chadaga, VP Products, Cleo. “And because Accelerators bring Cleo’s rich Load Tender-to-Invoice business process knowledge and logistics domain expertise directly into the core engine of the Cleo Integration Cloud (CIC) platform, they are truly revolutionary. There’s no limit to what trucking, 3PL, freight brokerage, and other logistics customers can achieve.”

Built to run on the Cleo Integration Cloud platform, Cleo’s TruckMate-to-X12 EDI Accelerator empowers logistics & transportation companies to eliminate trading partner backlog by introducing reusable and repeatable business process logic that helps digitalize and optimize Load Tender integration flows end-to-end. It also helps drive revenue by ensuring Freight Details, Invoices, and additional high-frequency business documents are correct and get delivered. The Accelerator also protects margins by enabling quick action in response to built-in alerts and notifications. All in all, Accelerators give businesses the control to respond faster to ever changing demand patterns, ultimately driving organizational agility.

Among the prebuilt integration flows that have been embedded into Cleo’s new TruckMate-to-X12 EDI Accelerator are Load Tender Capture (EDI 204), Load Tender Response (EDI 990), Status Update (EDI 214), and Invoicing (EDI 210), along with Functional Acknowledgements (EDI 997) and the ability to extend the Accelerator by adding additional integration flows.

For more information about Cleo’s TruckMate-to-X12 EDI Accelerator watch this video. For additional details on the entire CIC Library of ecosystem connectors, visit www.cleo.com or contact Cleo at +1-815-282-7695.

About Cleo Integration Cloud

Cleo Integration Cloud (CIC) is a cloud-based integration platform, purpose-built to design, build, operate, and optimize critical ecosystem integration processes, including Load-Tender-to-Invoice. The CIC platform brings end-to-end integration visibility across API, EDI and non-EDI integrations that gives technical and business users the confidence to rapidly onboard trading partners, enable integration between applications, and accelerate revenue-generating business processes. On the platform, 500+ industry-leading logistics providers have the choice of self-service, managed services, or a blended approach – ensuring complete flexibility and control over their B2B integration strategy.

About Cleo

Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer’s potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data. Cleo gives customers strategic, “outside-in” visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications. Our solutions empower teams to drive business agility, accelerate onboarding, facilitate modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies. For more information, visit www.cleo.com or call +1.815.282.7695.

Media Contact
Kathleen See
10Fold Communications on behalf of Cleo
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• New partnership to create an Advanced Air Mobility (AAM) working group focused on evaluating, planning, and implementing AAM services, with a focus on autonomy
• Through the partnership, Wisk and the Long Beach Economic Partnership will conduct an Economic Impact study to measure the economic benefits to the community and overall economy from AAM operations in Southern California

MOUNTAIN VIEW & LONG BEACH, Calif.--(BUSINESS WIRE)--#EverydayFlight--Wisk Aero, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the United States, has partnered with the City of Long Beach, California through its Long Beach Economic Partnership (LBEP) to make AAM a reality in Southern California.

Through this partnership, the two organizations will work to create an AAM working group composed of business, local government, and community leaders that will focus on evaluating, planning, and implementing AAM in Long Beach, with a focus on autonomous flight. Wisk and LBEP will co-chair the working group for an initial two-year term.

Over the next two years, the working group will examine four key areas to evaluate the opportunities and impacts that AAM represents for Long Beach. These areas include an analysis of the economic impact and workforce development, community acceptance and outreach, integration of autonomous AAM into city transportation plans, and federal and state government funding opportunities.

With support from Wisk, LBEP will coordinate the development of an Economic Impact Study that will be conducted by the Cal State Long Beach (CSULB) Office of Economic Research. The study will estimate the annual economic impact of AAM operations in Southern California and other regional state economies. The results of the study are expected to be completed later this year.

“We are excited to work with the City of Long Beach and LBEP in this unique partnership,” Gary Gysin, CEO of Wisk said. “With its rich aerospace past, current resurgence via Space Beach, and its central position in the LA Metro area, Long Beach is an ideal city for all-electric, autonomous urban flight opportunities. Through this partnership, Long Beach has the opportunity to be one of the first cities to realize the economic and environmental benefits of AAM, as well as to lead Southern California, and the United States, in autonomous, all-electric AAM.”

“Aerospace innovation has always been a strong part of Long Beach history,” says Mayor Robert Garcia. “We have produced some of the world’s most modern aircraft, are leading in the space economy, and will now be home to new technologies in Advanced Air Mobility. We look forward to our partnership with Wisk and are proud of our local workforce who are educated, trained, and poised to make progress on these innovations.”

“Long Beach has long been a center of aerospace culture and capabilities,” said Randal Hernandez, co-chair of the working group, immediate past chair of the Long Beach Economic Partnership and former chairman of the City of Long Beach’s Economic Development Commission. “Autonomous, all-electric AAM represents the next revolution in commercial aviation and promises significant economic benefits with minimal environmental impact. We are proud to partner with an AAM leader like Wisk to further explore the benefits that AAM can bring to the City of Long Beach, the southern California region, and the state as a whole.”

ABOUT WISK

Wisk is an advanced air mobility (AAM) company dedicated to delivering safe, everyday flight for everyone. Wisk’s self-flying, eVTOL (electric vertical takeoff and landing) air taxi, will make it possible for passengers to skip the traffic and get to their destination faster. Based in the San Francisco Bay Area and New Zealand, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and over 1550 test flights, Wisk is shaping the future of daily commutes and urban travel, safely and sustainably. Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight, join us and learn more here.

ABOUT LONG BEACH ECONOMIC PARTNERSHIP

The Long Beach Economic Partnership (LBEP) is the leading economic development organization in the city of Long Beach, CA. The LBEP is a nonprofit corporation formed to promote, encourage, and enhance the creation of jobs in the city. It is composed of leaders from the private, public, academic and philanthropic sectors who are advancing innovative industries, attracting and growing private investment as well promoting Long Beach’s key economic assets.

Chris Brown
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Wisk Aero

Geological modeling software will help HITA increase safety and reliability of sustainable geothermal energy sources

BRUSSELS--(BUSINESS WIRE)--HITA, a deep geothermal energy company in Belgium, has selected global software and technology leader Emerson (NYSE: EMR) as a key technology provider in the discovery and development of geothermal energy sources in Northern Belgium. Emerson’s geological and reservoir modeling software will help reduce risk in selecting locations for renewable geothermal energy projects, increasing the safety and reliability of construction and operation while enabling long-term sustainable energy production from the earth’s heat.

Climate change policies are driving growth of geothermal energy—an industry forecasted to grow as much as eightfold in the European Union by 2050, according to the International Renewable Energy Agency. Emerson’s geological modeling software will help HITA locate the most suitable subsurfaces for drilling deep geothermal wells to unlock sustainable energy sources for corporate and municipal use.

“A highly accurate and realistic picture of subsurface geology is critical for the safe development of sustainable energy sources,” said Stijn Bos, chief operating officer and senior project geologist at HITA. “Emerson technologies use seismic, geologic and other data to generate detailed models that can determine the best location for geothermal plants.”

Emerson’s SKUA-GOCAD modeling software will help HITA more easily identify drilling locations by creating highly realistic models designed for easy interpretation.

“Geological exploration and production software, including Emerson’s SKUA-GOCAD modeling software, has traditionally been used in the oil and gas industry. But it’s also well suited for geothermal energy, as well as carbon capture and storage,” said Mark Bulanda, executive president of Emerson’s Automation Solutions business. “Emerson’s advanced, science-based applications will help move society toward a safer and more sustainable future.”

For more information about Emerson’s exploration and processing software solutions, please visit www.emerson.com/skua-gocad.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com.

Additional resources:

• Join the Emerson Exchange 365 Community
• Connect with Emerson via Twitter Facebook LinkedIn YouTube

For Emerson
Denise Clarke
512.587.5879
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) (“COP”) announced today that it is commencing a private offer to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2062 (the “New 2062 Notes”). The aggregate principal amount of Pool 1 Notes of each series that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the table below, such that the aggregate principal amount of Pool 1 Notes accepted in the Pool 1 Offer results in the issuance of New 2062 Notes in an amount not exceeding $2,000,000,000 (the “2062 Notes Cap”).

COP also announced today that it is commencing a private offer to exchange (the “Pool 2 Offer” and, together with the Pool 1 Offer, the “Exchange Offers”) five series of notes issued by CPCo, Burlington and Burlington Resources Oil & Gas Company LP (“BRO&G”) as described in the table below (collectively, the “Pool 2 Notes” and, together with the Pool 1 Notes, the “Old Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2042 (the “New 2042 Notes” and, together with the New 2062 Notes, the “New Notes”). The aggregate principal amount of Pool 2 Notes of each series that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the table below, such that the aggregate principal amount of Pool 2 Notes accepted in the Pool 2 Offer results in the issuance of New 2042 Notes in an amount not exceeding $1,000,000,000 (the “2042 Notes Cap”).

The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in an offering memorandum, dated February 22, 2022 (the “Offering Memorandum). Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offering Memorandum.

The “Total Consideration” for each of the Pool 1 Offer and the Pool 2 Offer for each $1,000 principal amount of each series of Old Notes validly tendered pursuant to the Pool 1 Offer or the Pool 2 Offer, as the case may be, at or prior to the Early Participation Deadline (as defined below) and accepted for purchase will be equal to an amount that would reflect a yield to the maturity date or, if applicable, the par call date of such series of Old Notes (excluding accrued and unpaid interest to, but not including the applicable Settlement Date) equal to the sum of (i) the bid-side yield on the applicable Reference U.S. Treasury Security as calculated by the Dealer Managers in accordance with market practice, as of the Pricing Determination Date, plus (ii) a Fixed Spread with respect to such series of Old Notes. The Total Consideration (which will include an Early Participation Payment of $30 of principal amount of the New 2062 Notes or New 2042 Notes, as applicable) for each of the Exchange Offers for holders tendering and not validly withdrawing their Old Notes at or prior to the Early Participation Deadline will be divided into (i) a Cash Payment and (ii) a principal amount of the New Notes determined by multiplying each $1,000 principal amount of Old Notes tendered by an exchange ratio equal to the quotient obtained by dividing (a) the Total Consideration of the series of outstanding Old Notes tendered minus such Cash Payment by (b) the New Issue Price. The “New Issue Price” for each series of New Notes will be deemed to be $1,000 per $1,000 principal amount of New Notes. The amount of the Cash Payment is subject to adjustment as described in the Offering Memorandum.

Each series of New Notes will bear interest at a rate per annum equal to the sum of (a) the bid-side yield on the applicable Benchmark Security as calculated by the Dealer Managers in accordance with market practice, as of the Pricing Determination Date, plus (b) a fixed spread with respect to such series of New Notes.

The applicable Reference U.S. Treasury Security, Fixed Spread and Cash Payment with respect to each series of the Old Notes subject to the Exchange Offers as well as the Benchmark Security and the fixed spread for each of the New 2062 Notes and the New 2042 Notes is expected to be announced in a press release later today.

In addition, holders whose Old Notes are accepted for exchange will receive in cash accrued and unpaid interest from the last applicable interest payment date to, but excluding, the date on which the exchange of such Old Notes is settled, less the amount of any pre-issuance interest on the New Notes exchanged therefor on the Final Settlement Date only, and amounts due in lieu of fractional amounts of New Notes. In the case of any New Notes issued on the Final Settlement Date, if the pre-issuance interest accrued on such New Notes exceeds the accrued and unpaid interest on the Old Notes exchanged therefor, then no accrued and unpaid interest on such Old Notes will be paid.

COP reserves the right, in its sole and absolute discretion, to increase the 2062 Notes Cap or the 2042 Notes Cap without extending the Withdrawal Deadline (as defined below) or otherwise reinstating withdrawal rights.

Each Exchange Offer is subject to certain conditions, including, (i) with respect to the Pool 1 Offer, a minimum of $500,000,000 aggregate principal amount of New 2062 Notes being issued in the Pool 1 Offer, (ii) with respect to the Pool 2 Offer, a minimum of $500,000,000 aggregate principal amount of New 2042 Notes being issued in the Pool 2 Offer, (iii) as of 10:00 a.m. New York City time on March 8, 2022, the combination of the yield of the New Notes and the Total Consideration or Exchange Consideration, as applicable, for the applicable series of Old Notes would result in the New Notes and such Old Notes not considered as “substantially different” under Financial Accounting Standards Board Accounting Standards Codification Subtopic 470-50, (iv) COP receiving a minimum level of aggregate gross proceeds from the public offering, commenced substantially concurrently with the Exchange Offers, of three series of senior debt securities issued by CPCo and guaranteed by COP on or prior to March 11, 2022, the date currently expected to be the Early Settlement Date, on terms acceptable to COP, in its sole discretion, and (v) with respect to any Old Notes validly tendered pursuant to any Exchange Offer that will be exchanged on the Final Settlement Date (as defined below), COP determines that the New Notes to be issued on the Final Settlement Date in such Exchange Offer will be treated as part of the same issue as the New Notes, if any, issued on the Early Settlement Date for U.S. federal income tax purposes pursuant to specified tests.

Only Eligible Holders (as defined below) of Old Notes who validly tender their Old Notes at or before 5:00 p.m. New York City time on March 7, 2022, subject to any extension by COP (the “Early Participation Deadline”), who do not validly withdraw their tenders and whose Old Notes are accepted for exchange, will receive the Early Participation Payment.

The Exchange Offers will expire at one minute after 11:59 p.m., New York City time, on March 21, 2022, unless extended (the “Expiration Date”) or earlier terminated. Tenders of Old Notes submitted in the Exchange Offers at or prior to 5:00 p.m. New York City time on March 7, 2022, subject to any extension by COP (the “Withdrawal Deadline”), may be validly withdrawn at any time prior to the Withdrawal Deadline, but thereafter will be irrevocable, except in certain limited circumstances where additional withdrawal rights are required by law (as determined by COP). Tenders submitted in the Exchange Offers after the Withdrawal Deadline will be irrevocable except in the limited circumstances where additional withdrawal rights are required by law (as determined by COP).

COP reserves the right, but is under no obligation, at any point following the Early Participation Deadline and before the Expiration Date, to accept for exchange any Old Notes validly tendered at or prior to the Early Participation Deadline (the date of such exchange, the “Early Settlement Date”). The Early Settlement Date will be determined at COP’s option and is currently expected to occur on March 11, 2022, the third business day immediately following the Pricing Determination Date. If, after the Early Participation Deadline, COP chooses to exercise its option to have an Early Settlement Date and all conditions to the relevant Exchange Offers have been or are concurrently satisfied or waived by COP, COP will, subject to the terms of the Exchange Offers, accept for exchange all Old Notes validly tendered in the Exchange Offers prior to the Early Participation Deadline subject to proration, and the exchange for such Old Notes will be made on the Early Settlement Date.

The Final Settlement Date for the Exchange Offers will be promptly after the Expiration Date and is currently expected to occur on March 23, 2022, the second business day immediately following the Expiration Date (the “Final Settlement Date”).

The Exchange Offers are only being made, and the New Notes are only being offered and will only be issued, and copies of the offering documents will only be made available, to holders of Old Notes (1) either (a) in the United States, that are “qualified institutional buyers,” or “QIBs,” as that term is defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act or (b) outside the United States, that are persons other than “U.S. persons,” as that term is defined in Rule 902 under the Securities Act, in offshore transactions in reliance upon Regulation S under the Securities Act, or a dealer or other professional fiduciary organized, incorporated or (if an individual) residing in the United States holding a discretionary account or similar account (other than an estate or a trust) for the benefit or account of a non-“U.S. person,” and (2) (a) if located or resident in any Member State of the European Economic Area, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129), and consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the European Economic Area has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the European Economic Area may be unlawful under the PRIIPs Regulation; or (b) if located or resident in the United Kingdom, who are persons other than “retail investors” (for these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the “FSMA”) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA), and consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation (“Eligible Holders”). The Exchange Offers will not be made to holders of Old Notes who are located in Canada. Only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. There is no separate letter of transmittal in connection with the Offering Memorandum.

The New Notes have not been registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Old Notes as to when such intermediary needs to receive instructions from a holder in order for that holder to be able to participate in, or (in the circumstances in which revocation is permitted) revoke their instruction to participate in the Exchange Offers before the deadlines specified herein and in the Offering Memorandum and eligibility certification. The deadlines set by each clearing system for the submission and withdrawal of exchange instructions will also be earlier than the relevant deadlines specified herein and in the Offering Memorandum and eligibility certification.

This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers are being made solely by the Offering Memorandum and eligibility certification and only to such persons and in such jurisdictions as is permitted under applicable law.

Global Bondholder Services Corporation has been appointed as the exchange agent and information agent for the Exchange Offers. Documents relating to the Exchange Offers will only be distributed to holders of Old Notes who certify that they are Eligible Holders. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Offering Memorandum and eligibility certification may be directed to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (banks and brokers) or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Offering Memorandum and eligibility certification can be accessed at the following link: https://gbsc-usa.com/eligibility/cop.

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About ConocoPhillips

ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $91 billion of total assets and approximately 9,900 employees at Dec. 31, 2021. Production including Libya averaged 1,567 MBOED for the 12 months ended Dec. 31, 2021, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition or the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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PASADENA, Calif.--(BUSINESS WIRE)--#1BillionPeopleChallenge--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, today announced the establishment of a $1 billion sustainability-linked credit facility.

Since the inception of our sustainability program, Tetra Tech has reduced greenhouse gas (GHG) emissions from our operations by 78 percent. On Earth Day 2021, Tetra Tech announced more ambitious sustainability goals to be carbon negative and improve the lives of one billion people by 2030. Tetra Tech has also joined the United Nations Global Compact and is a signatory to the Science Based Targets Initiative (SBTi).

Tetra Tech is further advancing our commitment to sustainability by linking our new credit facility to two key performance indicators:

• Reduction of GHG emissions (tons of CO₂e) through Tetra Tech’s projects and operational sustainability initiatives
• Improvement of people’s lives as a result of Tetra Tech’s projects that provide environmental, social and governance benefits

“The sustainability-linked credit facility announced today recognizes the global scale of Tetra Tech’s Leading with Science^® approach and reaffirms our commitment to improving the lives of people around the world,” said Dan Batrack, Tetra Tech Chairman and CEO.

Tetra Tech’s President and Chief Sustainability Officer, Dr. Leslie Shoemaker, said, “We are establishing a ground-breaking and first-of-its-kind measurement and quantification of environmental and social benefits directly associated with the projects the Company performs. The quantification of the impact of our projects augments existing sustainability initiatives in our operations to foster efficiencies such as remote working and virtual meetings, energy-efficient offices and cloud-based IT systems.”

The credit facility increases the Company’s borrowing capacity by an additional $100 million and provides for up to a 5% reduction in the interest rate grid for meeting the sustainability targets. Steve Burdick, Tetra Tech Chief Financial Officer, said, “We are pleased that the bank lender group has recognized Tetra Tech’s long-term commitment to advancing sustainability and incorporated financial rewards in our credit facility for achieving measurable benefits.”

The lender group was led by Bank of America, with joint lead arrangers Wells Fargo Bank, US Bank, and Bank of Montreal. The lender group further included the support of HSBC Bank USA, The Bank of Nova Scotia, BNP Paribas, and City National Bank. Bank of America acted in the sole capacity of sustainability coordinator.

About Tetra Tech

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science^® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844

DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle Charging Station Market by Application (Public, Private), Level of Charging, Charging Point Type, Infrastructure, Service Type, Installation, Electric Bus Charging, DC Fast Charging, IOT Connectivity and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global electric vehicle charging station market size is projected to grow from 2,354 thousand units in 2022 to 14,623 thousand units by 2027, at a CAGR of 44.1%.

Public Chargers will be the fastest growing market during the forecast period.

The availability of public EV charging plays an important role to purchase electric vehicles across the globe. Public charging and access to fast charging are viewed as key criteria when buying an electric vehicle. This is anticipated to bolster revenue growth for the public charging segment. The Asia Pacific region continues to install public chargers at a significant rate due to the rising number of EV users, especially in China, India, and South Korea. These countries have implemented policies to increase the usage of EVs by providing subsidies and reduced taxes.

They also encourage the growth of EV manufacturers and related industries by providing grants or implementing preferential policies for EV-related companies to enable them to expand faster. A steady surge in economic growth, urbanization, travel demand, etc., coupled with increasing investments toward electric mobility to contribute to energy storage and environmental sustainability is anticipated to bolster the growth of the public charging station segment.

Asia Pacific is expected to be the largest and fastest-growing market during the forecast period.

The Asia Pacific region comprises of countries such as China, India, Japan and South Korea. The region is home to some of the fastest-developing economies of the world, such as China and India. The governments of these emerging economies have recognized the growth potential of the global electric vehicle charging station market and, hence, have adopted various initiatives to attract major OEMs for the manufacture of electric vehicle charging infrastructure in domestic markets. For instance, charging network providers for EV charging stations have partnered with various OEMs to sponsor free EV charging to EV drivers. This has led to an increase in electric vehicle production in recent years, which caters to domestic as well as overseas demand. Japan and China export electric vehicles and charging solutions across the globe.

Europe to be the second-largest region during the forecast period

The major EV markets in Europe are Austria, Denmark, France, Germany, the Netherlands, Norway, Spain, Sweden, Italy, and the UK. Europe accounted for 24.78% of the global electric vehicle charging station market in 2021 by volume. Normal chargers have a higher share than fast chargers. The top five countries account for more than 83% of all chargers, and the rest is utilized in the rest of the countries. By August 2020, Europe had implemented stringent emission regulation standards to reduce the rising emission levels. Several countries in the region are promoting electric vehicles through significant incentives.

The demand for electric vehicle charging stations has increased significantly due to the focus on zero- or low-emission vehicles in the region. The region is home to electric vehicle charging station providers such as Schneider Electric, ABB, Siemens, Efacec, Engie, and various others. The UK announced plans to phase out petrol/diesel-based vehicles by 2030 and encourage the growth of EVs. Other European countries had implemented plans for the transition to EVs during the past decade.

Market Dynamics

Drivers

• Rising Ev Sales Worldwide Will Increase Demand for Ev Charging Stations
• Government Policies and Subsidies to Support Faster Setup of Ev Charging Stations
• Increasing Vehicle Range Per Charge Will Boost Ev and Ev Charging Station Demand
• Reducing Price of Evs in Global Market Will Boost Ev Sales and Evcs Demand

Restraints

• Lack of Standardization of Charging Infrastructure
• Primitive Power Grid Infrastructure

Opportunities

• Use of V2G Ev Charging Stations for Electric Vehicles
• Use of IoT and Smart Infrastructure in Ev Charging Stations for Load Management
• Development of Ev Charging Stations Using Renewable Sources
• Growing Demand for Battery Swapping Ev Charging Stations

Challenges

• Higher Initial Cost of Evs Compared to Ice Vehicles
• Stringent Rules for Installation of Ev Charging Stations
• Significant Dependence on Fossil Fuel Electricity Generation & Limited Production in Developing Countries

Companies Mentioned

• Abb
• Chargepoint
• Byd
• Tesla
• Shell
• Schneider Electric
• Siemens
• Bp
• Webasto
• Engie
• Eaton
• Semaconnect
• Efacec
• Clippercreek
• Opconnect
• Volta
• Ev Safe Charge
• Ev Connect
• Freewire Technologies
• Allego
• Ionity
• Wallbox
• Heliox
• Spark Horizon
• Dbt
• Charge+
• Delta
• Tgood

For more information about this report visit https://www.researchandmarkets.com/r/kr3the

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Proceeds from Tranche 1 Financing of $20 million and a concurrent $250 million (project development equity financing) facility to be allocated to direct investments into Andion’s pipeline of projects will rapidly accelerate development of Andion’s operations in North America and Europe

VANCOUVER, British Columbia--(BUSINESS WIRE)--ANDION Global Inc. (“Andion”), a global leader in delivering proven and comprehensive waste-to-energy solutions, announced today the company has secured a $20 Million multi-partner financing from three investment partners: a private fund managed by Spring Lane Capital, a private equity firm focused on providing catalytic project capital for sustainability solutions in the energy, food, water, waste and transportation industries; Equitix Infrastructure Investments Limited (“Equitix”); and Business Development Bank of Canada (“BDC”). This new capital will be used initially to expand Andion’s operations and to acquire equity stakes in existing projects, and to accelerate the development of Andion’s projects located in North America, Italy and the Nordics.

The $250 million project development equity facility will be allocated concurrently by Spring Lane Capital and Equitix, and used to finance the development, construction and acquisition of projects in Andion’s North American and European markets.

“We are very excited to have closed the first tranche of this financing with a distinguished group of strategic investors which will allow us to rapidly propel the development, deployment and operation of our own waste-to-energy facilities,” said Phillip Abrary, CEO of Andion. “The proven proprietary technologies used in Andion’s anaerobic digestion plants have the additional benefit of countering climate change by transforming waste into a renewable fuel.”

“Renewable natural gas (RNG) solutions are increasingly playing a key role in helping corporations and municipalities meet their carbon targets. We are excited to partner with Andion as this long-term secular trend presents a tremendous opportunity for institutional investors in the global sustainable finance markets,” said Nathaniel Lowbeer-Lewis, Vice President, Canada for Spring Lane Capital. “We have witnessed first-hand more and more interest from investors in waste diversion solutions and we are very impressed with Andion’s pedigree in the RNG space. With over 20 years of experience, their team brings deep technical competency that is unmatched in the sector, and we expect our collaboration to serve as a platform to foster additional organics and RNG investment opportunities.”

“We are very pleased to partner with Andion as an investor, as well as entering into a framework agreement to invest in future projects developed by the Andion Group in Europe,” said Hugh Crossley, CEO of Equitix. "This investment is fully in line with Equitix’s core strategy of making long-term investments into infrastructure with positive environmental characteristics. Our goal is to support Andion's continuing development and focus on strengthening the company's position as a responsible supplier of renewable energy to the market.”

“As the bank for Canadian entrepreneurs, we are pleased to support Andion’s innovative solutions and projects to divert waste from landfills to create value, which is an important part of our energy transition needs and will help Canada reach its climate targets,” said Vivan Kan, Director of BDC Capital’s Cleantech Practice.

Andion’s technology makes organic waste handling and conversion to biogas efficient, sustainable and economically viable. The company has successfully delivered more than 50 complete anaerobic digestion facilities as well as over 130 complex wastewater treatment plants throughout North America and Europe. This new capital provided by Spring Lane Capital, Equitix and BDC will allow the company to expand operations and acquire equity stakes in these projects.

Andion’s waste-to-energy facilities provide environmental and socio-economic benefits for cities facing waste challenges in North America and Europe. Current methods for managing organic waste include: sending waste to landfills; waste-to-energy recovery through incineration; composting; and anaerobic digestion. Sending waste to landfills contributes to the production of methane while managing waste through anaerobic digestion is carbon-negative. Anaerobic digestion reduces greenhouse gas emissions, eliminates odours, does not require a large footprint, and as well, supports the circular economy as the waste is recycled into biogas, compost and fertilizer.

Andion’s facilities have the ability to process hundreds of thousands of tons of a variety of organic waste, reducing greenhouse gases from transportation, landfills and burning of waste. This process creates renewable energy (biogas), a sustainable source of fuel for communities around the world.

Desjardins Capital Markets acted as exclusive financial advisor to Andion in this Tranche 1 Financing of $20 million and an additional project equity facility of $250 million.

ABOUT ANDION GLOBAL

Andion Global Inc. specializes in the development, deployment and operation of renewable energy facilities. The company is based in Vancouver B.C., with operations in Milan and Stockholm. Andion has a portfolio of technologies and proven processes for converting complex and variable organic wastes to renewable energy, having successfully delivered more than 50 complete anaerobic digestion facilities as well as over 130 complex wastewater treatment plants. With more than two decades of expertise and a portfolio of patents pertaining to the processing of organic waste, Andion’s integrated solutions cover every aspect of the waste-to-energy and wastewater treatment value chain.

ABOUT SPRING LANE CAPITAL

Spring Lane Capital is a private equity firm based in Boston, MA and Montreal, QC focused on providing catalytic project capital for sustainability solutions in the energy, food, water, waste and transportation industries. The firm’s structured financial model seeks to tap into some of the fastest growing segments of these markets, that more traditional forms of project capital cannot access due to their scale and the limitations of existing investment models.

ABOUT EQUITIX INFRASTRUCTURE INVESTMENTS LTD.

Equitix is an established, international investor, developer and fund manager of core infrastructure assets focused on building long-term partnerships to support, develop and invest in a range of large-sale infrastructure projects, while delivering first class service and value. Launched in 2007, Equitix now operates from 16 global locations, with over 300 dedicated professional staff, collectively managing c. £8bn AUM, operating across Social infrastructure, Transport, Renewable Power, Technology, Media, Telecommunications (TMT), Network Utilities and Environmental Services. Equitix has developed its reputation as a successful, principled developer and manager, acting as custodian of the core infrastructure assets that provide essential services to communities.

ABOUT BDC CAPITAL

BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage.

Andion Global Inc.
Phillip Abrary, President & CEO, Andion Global
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mobile: (604) 506-2855

Spring Lane Capital
Cindy Stoller, Confluence Partners
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mobile: (917) 331-0418

Equitix
Gillian Wilson
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mobile: +44 (0)7384 817 218

BDC
Media Relations
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that Amy Schwetz, chief financial officer, will present virtually at Gabelli’s 32^nd Annual Pump, Valve & Water Systems Symposium on Thursday, February 24, at 2:30 p.m. ET.

A webcast of Ms. Schwetz’s discussion will be available for shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.

Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.

Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636

Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644

ex-CSIRO Research Director Claudia Vickers takes the helm as Chief Scientific Officer at Provectus Algae

NOOSAVILLE, Australia--(BUSINESS WIRE)--#biotech--Provectus Algae (Provectus), an Australian synthetic biology company specializing in microalgal biomanufacturing technologies for the production of specialty ingredients for a wide array of industries and applications, announced today the appointment of Dr Claudia Vickers as Chief Scientific Officer. This strategic move ushers in the next stage of organizational growth for Provectus following the completion of an $11.4 million pre-series A funding round led by Hitachi Ventures at the end of last year.

Dr Vickers has over 20 years’ experience in bioengineering and brings a wealth of experience in developing and executing science strategy for large research programs. She comes to Provectus from the CSIRO, Australia’s national research agency, where she was Director of CSIRO’s Future Science Platform in Synthetic Biology. This $AUD60 M platform built a collaborative, translation-oriented research program across the Australian research and development (R&D) sector, growing national capability in synthetic biology and establishing a framework for the synthetic biology industry.

Dr Vickers’ personal research focuses on developing synthetic biology tools and applying them to metabolic engineering of organisms for manufacture of natural products that can be used as sustainable alternatives to petrochemicals and other industrial and agricultural products.

Dr Vickers has played a key role in building the synthetic biology R&D sector in Australia and internationally. She was founding President of Synthetic Biology Australasia, and served on expert working groups for Australia’s national synthetic biology and infrastructure investment plans. She sits on the scientific advisory boards for Food Standards Australia New Zealand (FSANZ) and for numerous international synthetic biology initiatives. She has represented Australia at international strategy and policy fora and currently co-chairs the World Economic Forum Global Future Council on Synthetic Biology.

Given her extensive and highly impactful experience, she will be responsible for strengthening the Provectus biomanufacturing platform, providing customers with a competitive edge in scaling natural and biosynthetic products.

“I am very excited to join the team at Provectus Algae. Provectus is in hyper-growth mode, and is extremely well positioned to capitalize on national and international momentum to drive the next generation of synbio-enabled biomanufacturing. Provectus’ platform is a unique approach to unlock the potential of microalgae to rapidly deliver specialty food and beverage ingredients. In addition, this platform has sustainability advantages over conventional farming and manufacturing practice. I look forward to working with such an innovative company,” said Vickers.

“Dr Vickers brings a wealth of experience in developing and executing science strategy for large research programs. She will be a fantastic addition to the Provectus Algae team as we move from early development into scale-up operations and aim to provide customers with a competitive edge in scaling natural and biosynthetic products,” said Nusqe Spanton, Founder and CEO of Provectus Algae.

Dr Vickers joins Provectus in March 2022.

ABOUT PROVECTUS ALGAE

Provectus Algae is an Australian biotech company that programs algae to produce the world's most valuable specialty ingredients. By accelerating nature, their team is able to optimize unique microalgae to produce a whole new range of natural products, in a process described as Precision Photosynthesis®. Using next-generation techniques the company has also developed a synthetic biology stack that complements and competes with existing production platforms to deliver high-performance and sustainable products. To learn more, please visit https://provectusalgae.com.

Sarah Shkargi
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FRESNO, Calif.--(BUSINESS WIRE)--#ERI--John Shegerian, Chairman/CEO of ERI, the largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company in the United States, has issued a public statement congratulating all involved participants for Navis Capital Partners’ successful $1 billion sale of TES-AMM to SK ecoplant Co Ltd. earlier this week.

TES-AMM released an announcement Monday that its parent company Navis Capital Partners reached an agreement to sell its entire stake in the company to SK ecoplant Co Ltd. According to reports, the TES-AMM transaction is expected to close in Q2 of this year. TES presently operates 43 facilities around the world that focus on recycling, repurposing or reusing IT devices and electric vehicle batteries.

“With Navis’ announcement this week that it is selling TES-AMM, we at ERI want to congratulate our industry colleagues at both TES-AMM and SK ecoplant for this unprecedented, largest sales event in the history of our industry,” said Shegerian. “This is a win-win scenario for our entire industry sector and a clear indication of the tremendous upside of investing in the future of responsible electronics and battery recycling.”

“We know how important it is to businesses of all sizes to be able to partner with a responsible, sustainable, and fully certified electronics and battery recyclers and data destruction companies they can trust,” added Shegerian. “Thanks to innovative technological solutions and a surging global move in the direction of zero waste, zero emissions, zero landfill and the circular economy, our industry continues to grow in leaps and bounds.”

ERI is the largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company in the United States. ERI is certified at the highest level by all leading environmental and data security oversight organizations to de-manufacture, recycle, and refurbish every type of electronic device in an environmentally responsible manner. ERI has the capacity to process more than a billion pounds of electronic waste annually at its eight certified locations, serving every zip code in the United States. ERI’s mission is to protect people, the planet and privacy. For more information about e-waste recycling and ERI, call 1-800-ERI-DIRECT or visit https://eridirect.com.

Paul Williams, 310/569-0023, This email address is being protected from spambots. You need JavaScript enabled to view it.

Roadshow Brings Together Engineers, Technology Influencers, and Key Decision Makers to Learn About How Additive Manufacturing Can Transform Their Businesses

CAMPBELL, Calif.--(BUSINESS WIRE)--Velo3D, Inc. (NYSE: VLD), a leading metal additive manufacturing technology company for mission-critical parts, today announced its 2022 roadshow, the Seeing is Believing Additive Manufacturing Tour, which will visit 15 U.S. cities throughout 2022. The event series focuses on educating engineers, technology influencers, and key decision makers about the benefits and capabilities of additive manufacturing technology and how Velo3D’s end-to-end solution can transform their businesses.

“When we talk to engineers who are interested in 3D printing technology, that interest is often accompanied by a bit of skepticism attributable to the shortcoming of conventional solutions. These events are directly aimed at helping engineers see what’s truly possible with end-to-end additive manufacturing solutions,” said Renette Youssef, Velo3D Chief Marketing Officer. “At the event, we will introduce attendees to customers currently using additive manufacturing to build the parts they want without compromise. Attendees also get to see and handle real, as-printed parts that leverage the highest performance designs.”

The roadshow series was initially piloted in 2021 in five U.S. cities with hundreds of attendees across all the events. The first show in 2022 took place in Wester Chester, Ohio, on January 20, 2022.

“Our organization is utilizing additive manufacturing to build next-generation energy solutions and have been impressed by Velo3D’s technology,” said Luke Montesano, Project Engineer and Laboratory Manager at Mohawk Innovative Technology, Inc. “I’m invested in myself, which is why I’m invested in Velo3D, as their end-to-end additive manufacturing solution helps our engineering team build the parts they need without compromising the designs. Having attended their roadshow events, I can tell you it’s a great way to explore different use-cases for additive manufacturing technology.”

The single-day events feature presentations from Velo3D leadership team members, contract manufacturers, and customers. Presenters will discuss the capabilities of additive manufacturing technology; the end-to-end process including pre-print preparation, printing, quality assurance, and post processing; material and part qualification; and real-world case studies. Tour dates have been set for the following cities:

• Long Beach, California—Feb. 23
• Detroit, Michigan—March 23
• Pittsburgh, Pennsylvania—April 19
• Boston, Massachusetts—May 26

The tour will also visit Fremont, Calif.; Princeton, N.J.; St. Louis; Washington, D.C.; Salt Lake City; Huntsville, Ala.; Seattle; San Diego; Charlotte, N.C.; and Chicago.

Engineers interested in attending one of the shows on the tour can visit Velo3D.com to request a ticket or email This email address is being protected from spambots. You need JavaScript enabled to view it..

About Velo3D:

Velo3D is a metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.

Velo3D has overcome these limitations so engineers can design and print the parts they want. The company’s solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy, and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The end-to-end solution includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system—all of which are powered by Velo3D’s Intelligent Fusion manufacturing process. The company delivered its first Sapphire system in 2018 and has been a strategic partner to innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021. For more information, please visit velo3d.com, or follow the company on LinkedIn or Twitter.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”, “should”, “believes”, “predicts”, “potential”, “continue”, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company 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. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

VELO, VELO3D, SAPPHIRE, and INTELLIGENT FUSION, are registered trademarks of Velo3D, Inc.; and WITHOUT COMPROMISE, FLOW and ASSURE are trademarks of Velo3D, Inc. All Rights Reserved © Velo3D, Inc.

Media Contact:
Velo3D
Dan Sorensen
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Investor Relations:
Bob Okunski, VP Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Global Sea Skimmer Missile Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the sea skimmer missile market and it is poised to grow by $922.56 million during 2022-2026, progressing at a CAGR of 4.53% during the forecast period. The report on the sea skimmer missile market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising military expenditure and technologically advanced systems.

The sea skimmer missile market analysis includes the application segment and geographic landscape. This study identifies the increasing investment in maritime surveillance capabilities as one of the prime reasons driving the sea skimmer missile market growth during the next few years.

Companies Mentioned

• Brahmos Aerospace Pvt. Ltd.
• Israel Aerospace Industries Ltd.
• Kongsberg Gruppen ASA
• Lockheed Martin Corp.
• MBDA
• Northrop Grumman Corp.
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corp.
• Saab AB
• The Boeing Co.

The report on sea skimmer missile market covers the following areas:

• Sea skimmer missile market sizing
• Sea skimmer missile market forecast
• Sea skimmer missile market industry analysis

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Value chain analysis

3. Market Sizing

• Market definition
• Market size 2021
• Market segment analysis
• Market outlook: Forecast for 2021 - 2026

4. Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by Application

• Market segments
• Comparison by Application
• Defense and military - Market size and forecast 2021-2026
• Market opportunity by Application

6. Customer landscape

• Overview

7. Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography

8. Drivers, Challenges, and Trends

• Market drivers
• Market challenges
• Market trends

9. Vendor Landscape

• Overview
• Landscape disruption

10. Vendor Analysis

• Vendors covered
• Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/r/lba8rv

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

BOSTON--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, has appointed Olivier Blum as the new Executive Vice-President of its Energy Management Business, effective April 1, 2022.

Olivier, currently Chief Strategy & Sustainability Officer at Schneider Electric, will retain his role as a member of the Company’s Executive Committee. This change follows the announcement of Philippe Delorme’s appointment as Executive Vice-President of Europe Operations at Schneider Electric.

In his new role, Olivier will be responsible for Schneider Electric’s full Energy Management portfolio of world-leading technologies, software and services, championing “Electricity 4.0” as the fastest route to a net zero world that is more electric and more digital.

Olivier began his career at Schneider Electric in 1993 in his home country of France. He has been living and working in Asia for the last two decades, where he has held lead leadership positions as the Regional Head of Strategy for China and the Regional Managing Director for India, before taking on the global role of Executive Vice-President for the Home & Distribution Division based in Hong Kong. In 2014, he joined Schneider Electric’s Executive Committee as the Company’s Chief Human Resources Officer.

Olivier has also been a Non-Executive Director on both AVEVA Group PLC (as Remuneration Committee member) and Delta Dore Boards since 2020. In 2019, he received France’s Chief Human Resources Officer of the Year Award from Cadremploi, Morgan Phillips Hudson, Le Figaro Décideurs and Fyte, in recognition of his transformation of Schneider’s leadership and culture on a global scale. In 2021, his sustainability efforts across the Company saw Schneider Electric recognized by Corporate Knights as the World’s Most Sustainable Corporation.

Olivier graduated from Grenoble Business School (GEM), France.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog

Hashtags: #LifeIsOn

Thomas Eck
Schneider Electric
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919-266-8623

– Conference Call to Follow at 8:30 a.m. ET/7:30 a.m. CT –

AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that it will release the fourth quarter and full year 2021 financial results before the market open on Tuesday, March 1, 2022. An investor conference call will follow at 8:30 a.m. ET/7:30 a.m. CT. The call will be hosted by Cynthia (CJ) Warner, Chief Executive Officer, Craig Bealmear, Chief Financial Officer, and Todd Robinson, Deputy Chief Financial Officer and Treasurer.

Investors interested in participating in the live call should dial 1-877-407-2987 (US callers) or 1-201-378-4918 (international callers) and provide passcode EQUI-EVT 26 to the operator. A telephone replay will be available approximately three hours after completion of the call through March 8, 2022 by dialing 1-877-660-6853 (US callers) or 1-201-612-7415 (international callers) and entering the access ID 13726880.

A simultaneous live webcast will be available on the Investor Relations section of the Company's website at http://investor.regi.com/. The webcast will be archived on the website for six months.

About Renewable Energy Group

Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Investor Relations:
Renewable Energy Group
Todd Robinson
Deputy Chief Financial Officer and Treasurer
+1 (515) 239-8048
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Increasing efficiency in fracturing operations, while helping customers meet ESG goals

HOUSTON--(BUSINESS WIRE)--EnQuest Energy Solutions (“EnQuest”) is proud to introduce THOR, the fully electric, zero-emissions fracturing pump solution. THOR was developed in collaboration with fracturing service providers and partnered suppliers to improve fracturing efficiency, reduce operational costs, and achieve ESG targets.

THOR offers significant advantages over conventional diesel systems in both performance and sustainability. The high-efficiency 5,000-horsepower unit cuts the number of needed pumps in half, making THOR perfect for Simulfrac operations. It’s also able to fit on a single three axle trailer with removable booster axle–as opposed to more typical four or five axle configurations– making for easier maneuvering on-site.

The EnQuest team engineered THOR with safety and ease of maintenance top of mind. Its 13.8 KV input power cuts down on cable size and weight, making it easier and safer to rig up in the field. And with no transmission and a 40,000-hour bearing life Hitachi motor, THOR requires less maintenance than the competition.

“The oil and gas industry continues to push the limits of fracturing efficiency with a tight focus on equipment that has the lowest emissions footprint, and we’re happy to help our customers meet that need,” said Jamie Stewart, President of EnQuest. “Of course, sustainability has to be accompanied by reliability, and we can confidently say THOR readily checks both those boxes.”

About EnQuest Energy Solutions

EnQuest is a globally recognized provider of custom engineered and packaged energy products and services. EnQuest solutions leverage industry-leading technology to support our customers in their ESG and sustainability goals for the energy transition. Our diverse team of experts and our ability to bring scale to projects provides great value to our customers, which include companies from the utility, oil and gas service, gas compression, drilling, and other industries. EnQuest is headquartered in Houston, TX. For more information, visit www.enquestenergysolutions.com/.

Tyler Beasley
Vice President
EnQuest Energy Solutions
P: 713-907-0663
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METAIRIE, La.--(BUSINESS WIRE)--Effective immediately, the Biloxi Marsh Lands Corporation (BLMC) Bulletin Board is now active. A link on the Biloxi Marsh Lands Corporation Website can take someone directly to the Biloxi Marsh Lands Corporation home page on BancList.

As previously announced, in order to give its shareholders more liquidity, Biloxi Marsh Lands Corporation has created a passive electronic stock-trading bulletin board which doesn’t charge the user any fees. Using the bulletin board, shareholders and investors will be able to post notices of intent to buy or sell the Company’s common stock and to browse those posts for possible purchases or sales. Shareholders and investors can then directly communicate with each other to arrange the purchase or sale of the shares. Biloxi Marsh Lands Corporation will not act as a broker and participants will have to arrange for the delivery of payment and of shares themselves. The Company’s goal is to set up a 24/7 internet platform that will give our shareholders a forum to buy and sell the Company’s shares of common stock.

Previously, shares of Biloxi Marsh Lands Corporation had traded on the over-the-counter market under the symbol, “BLMC” and the shares were quoted on the Pink Sheets^©. After September 28, 2021 and the implementation of amended Rule 15c2-11, the SEC prohibited broker-dealers from quoting companies like Biloxi Marsh Lands Corporation, who do not provide financial statements that are prepared according to Generally Accepted Accounting Principles (“GAAP”).

Biloxi Marsh Lands Corporation is excited about providing this electronic bulletin board for existing shareholders and those interested in purchasing stock of the Company. We encourage all interested parties to visit the company’s website: www.biloximarshlandscorp.com. Biloxi Marsh Lands Corporation is not a registered national securities exchange, information processor, broker, dealer, or investment adviser.

Biloxi Marsh Lands Corporation
Eric Zollinger: 504-837-4337